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TAYDTaylor Devices, Inc.
$57.75$186M
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  4. Financial Ratios

Taylor Devices, Inc. (TAYD) Financial Ratios

Latest Ratios: P/E Ratio 20.1x · EV/EBITDA 16.3x · ROE 16.6%. (1996–2025 historical series)

Income StatementBalance SheetCash FlowRatios
AnnualQuarterly

TAYD Valuation Multiples

Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017FY 2016
Market Cap$186M$121M$178M$66M$33M$41M$38M$39M$36M$46M$58M
Enterprise Value$185M$120M$175M$62M$10M$21M$25M$34M$33M$43M$52M
P/E Ratio →20.1212.8719.7410.4814.5339.5012.6315.1878.9220.0913.80
P/S Ratio4.022.623.981.641.051.841.351.151.471.821.63
P/B Ratio3.051.953.471.320.751.010.971.061.061.411.93
P/FCF38.1724.8615.0915.1516.987.654.4617.69——31.40
P/OCF24.8816.2013.448.559.845.893.9014.54117.57—15.33

P/E links to full P/E history page with 30-year chart

TAYD EV Ratios

Enterprise-value multiples — capital-structure-neutral measures of total business value

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017FY 2016
EV / Revenue—2.593.921.550.320.920.871.001.351.691.46
EV / EBITDA16.2610.5615.647.522.63—5.558.2420.0411.397.91
EV / EBIT19.1910.8716.018.303.92—7.2210.9848.7014.449.01
EV / FCF—24.6214.8514.335.233.852.8715.37——28.11

TAYD Profitability

Margins and return-on-capital ratios measuring operating efficiency

Margins

Full margin charts and quarterly trend are on the Earnings History page

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017FY 2016
Gross Margin46.4%46.4%46.7%40.0%31.2%14.1%32.5%26.9%24.3%31.3%34.9%
Operating Margin20.8%20.8%21.3%16.9%8.0%-10.4%11.6%8.9%2.7%11.4%16.1%
Net Profit Margin20.3%20.3%20.2%15.6%7.3%4.7%10.7%7.6%1.8%9.1%11.8%

Return on Capital

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017FY 2016
ROE16.6%16.6%17.8%13.5%5.3%2.6%8.0%7.3%1.3%7.4%15.1%
ROA14.0%14.0%14.9%11.7%4.7%2.3%7.0%6.3%1.2%6.2%11.8%
ROIC13.2%13.2%15.0%15.2%9.1%-7.7%8.7%7.3%1.6%8.2%19.3%
ROCE17.0%17.0%18.7%14.6%5.9%-5.9%8.7%8.6%1.9%9.2%20.2%

TAYD Leverage & Debt

Solvency and debt-coverage ratios — lower is generally safer

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017FY 2016
Debt / Equity——————0.04————
Debt / EBITDA——————0.33————
Net Debt / Equity—-0.02-0.06-0.07-0.52-0.50-0.35-0.14-0.09-0.10-0.20
Net Debt / EBITDA-0.10-0.10-0.25-0.43-5.89—-3.08-1.24-1.74-0.88-0.93
Debt / FCF—-0.24-0.24-0.82-11.75-3.81-1.59-2.32——-3.29
Interest Coverage———————————

Net cash position: cash ($1M) exceeds total debt ($0)

TAYD Liquidity & Efficiency

Short-term solvency ratios and asset-utilisation metrics

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017FY 2016
Current Ratio5.885.884.125.706.376.646.226.314.795.974.15
Quick Ratio5.035.033.494.945.395.514.394.002.883.302.71
Cash Ratio3.763.762.623.613.964.222.931.260.661.011.07
Asset Turnover—0.650.710.690.630.490.630.820.620.690.95
Inventory Turnover3.063.063.164.063.633.311.892.191.631.532.42
Days Sales Outstanding—86.4278.3487.8792.2791.1397.41139.53189.10134.5697.11

TAYD Shareholder Yields

Earnings, FCF, buyback, and dividend yields — total returns to shareholders

Dividends

Full dividend history and growth charts are on the Dividend History page

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017FY 2016
Dividend Yield———————————
Payout Ratio———————————

Total Shareholder Return Metrics

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017FY 2016
Earnings Yield5.0%7.8%5.1%9.5%6.9%2.5%7.9%6.6%1.3%5.0%7.2%
FCF Yield2.6%4.0%6.6%6.6%5.9%13.1%22.4%5.7%——3.2%
Buyback Yield0.1%0.2%5.5%0.3%0.0%0.0%0.0%0.0%0.0%0.0%0.0%
Total Shareholder Yield0.1%0.2%5.5%0.3%0.0%0.0%0.0%0.0%0.0%0.0%0.0%
Shares Outstanding—$3M$3M$4M$3M$3M$3M$3M$3M$4M$3M

Key Metrics

Growth RegimeMixed
ProfitabilityStrong
Balance SheetVulnerable
Cash FlowMixed
Top Statement Risk

Project-based revenue volatility

Verified Source

Metrics are mathematically derived from official filings.

SEC 10-K (2026Q3)

Premium Valuation Reflects Niche Moat

Based on reported figures, TAYD trades at a P/E of 21.69, which appears to price in the company's specialized role in seismic and aerospace damping, though this multiple may be sensitive to the inherent lumpiness of project-based revenue recognition compared to broader industrial peers.

The current P/E ratio suggests that investors are willing to pay a premium for the company's proprietary technology and high-barrier market position. However, the P/FCF of 41.16 warrants caution, as it indicates that current cash generation may not fully support the valuation if project cycles experience significant delays.

High Margins Sustain Earning Power

According to recent financial statements, TAYD maintains a robust gross margin profile, frequently exceeding 45%, which underscores the company's ability to command premium pricing for its highly specialized, mission-critical engineering solutions within the aerospace and seismic infrastructure sectors.

The consistency of operating margins near 20% suggests that management effectively controls overhead despite the volatility of project-based revenue. This profitability profile appears to be the primary driver of the company's value, as it reflects the high-value-add nature of their damping technology.

Working Capital Cycles Drive Liquidity

Based on TAYD's reported figures, the cash conversion cycle remains elevated, often exceeding 150 days, which reveals a significant reliance on efficient working capital management to navigate the long lead times inherent in custom-engineered infrastructure and defense projects.

The high days inventory outstanding (DIO) and days sales outstanding (DSO) suggest that the company's liquidity is heavily tied to the timing of project milestones and customer payments. Investors should monitor these metrics closely, as any structural increase in the CCC could further strain the company's limited cash reserves.

Thin Cash Buffers Limit Flexibility

As reported in quarterly filings, TAYD's current ratio of 11.52 in 2026Q3 appears superficially strong, yet the absolute cash position remains relatively low, which may limit the firm's operational flexibility when managing the working capital requirements of large-scale, multi-year infrastructure projects.

While the high current ratio is bolstered by receivables and inventory, the lack of significant liquid cash reserves suggests a vulnerability to sudden project delays or payment disruptions. This liquidity profile warrants further investigation into the company's ability to fund concurrent large-scale projects without external financing.

Misapplied Focus on P/E Multiples

The P/E ratio is frequently misapplied to TAYD, as it obscures the extreme volatility of earnings caused by the percentage-of-completion accounting method, making trailing twelve-month metrics potentially misleading indicators of the company's underlying operational health and long-term earnings power.

Analysts should instead prioritize free cash flow trends and backlog conversion rates to better understand the business's true performance. Relying solely on P/E ignores the lumpy nature of revenue recognition, which can create artificial spikes or troughs in net income that do not reflect actual cash generation.

Download Financial Ratios Data

Includes 30+ ratios · 30 years · Updated daily

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TAYD — Frequently Asked Questions

Quick answers to the most common questions about buying TAYD stock.

What is Taylor Devices, Inc.'s P/E ratio?

Taylor Devices, Inc.'s current P/E ratio is 20.1x. The historical average is 21.6x. This places it at the 66th percentile of its historical range.

What is Taylor Devices, Inc.'s EV/EBITDA?

Taylor Devices, Inc.'s current EV/EBITDA is 16.3x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 11.5x.

What is Taylor Devices, Inc.'s ROE?

Taylor Devices, Inc.'s return on equity (ROE) is 16.6%. The historical average is 9.1%.

Is TAYD stock overvalued?

Based on historical data, Taylor Devices, Inc. is trading at a P/E of 20.1x. This is at the 66th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.

What are Taylor Devices, Inc.'s profit margins?

Taylor Devices, Inc. has 46.4% gross margin and 20.8% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.