Latest Ratios: P/E Ratio 13.7x · EV/EBITDA 8.1x · ROE 23.7%. (2012–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $2.1B | $2.3B | $3.7B | $2.2B | $1.5B | $1.2B | $321M | $367M | $307M | $260M | $371M |
| Enterprise Value | $2.2B | $2.4B | $3.7B | $2.2B | $1.5B | $1.4B | $477M | $579M | $516M | $472M | $543M |
| P/E Ratio → | 13.73 | 14.71 | 23.13 | 11.87 | 9.41 | 18.31 | 13.55 | 15.00 | 33.63 | 45.94 | 15.91 |
| P/S Ratio | 2.12 | 2.39 | 4.19 | 2.61 | 2.05 | 2.51 | 0.85 | 0.85 | 0.83 | 0.83 | 1.22 |
| P/B Ratio | 3.07 | 3.29 | 5.91 | 3.96 | 4.19 | 5.10 | 1.54 | 1.96 | 2.31 | 2.13 | 3.24 |
| P/FCF | 60.41 | 68.10 | 40.98 | 35.68 | 20.78 | 18.99 | 6.04 | 515.21 | — | 36.15 | — |
| P/OCF | 15.35 | 17.30 | 21.86 | 15.64 | 10.34 | 10.65 | 4.49 | 14.29 | — | 18.27 | 369.12 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 2.46 | 4.16 | 2.65 | 2.14 | 2.74 | 1.27 | 1.34 | 1.39 | 1.50 | 1.78 |
| EV / EBITDA | 8.05 | 9.04 | 14.61 | 7.85 | 6.23 | 9.88 | 5.53 | 7.10 | 7.34 | 8.53 | 8.57 |
| EV / EBIT | 9.34 | 10.28 | 15.92 | 8.18 | 6.40 | 12.76 | 8.15 | 9.65 | 14.49 | 15.03 | 9.69 |
| EV / FCF | — | 70.15 | 40.70 | 36.34 | 21.71 | 20.73 | 8.99 | 812.89 | — | 65.71 | — |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 42.8% | 42.8% | 42.7% | 46.9% | 48.8% | 40.8% | 37.0% | 31.5% | 32.4% | 31.5% | 36.8% |
| Operating Margin | 23.5% | 23.5% | 25.5% | 31.2% | 31.6% | 23.5% | 17.4% | 13.6% | 12.7% | 10.9% | 15.7% |
| Net Profit Margin | 16.2% | 16.2% | 18.1% | 21.9% | 21.7% | 13.7% | 6.3% | 5.7% | 2.4% | 1.7% | 7.7% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 23.7% | 23.7% | 27.4% | 40.7% | 52.3% | 30.1% | 12.1% | 15.3% | 7.1% | 4.6% | 25.6% |
| ROA | 14.0% | 14.0% | 16.3% | 21.6% | 23.5% | 12.2% | 4.3% | 4.6% | 1.9% | 1.3% | 6.5% |
| ROIC | 24.9% | 24.9% | 28.5% | 38.8% | 43.8% | 24.2% | 12.9% | 11.9% | 10.5% | 8.3% | 15.1% |
| ROCE | 27.8% | 27.8% | 30.7% | 41.5% | 47.1% | 26.8% | 15.0% | 14.6% | 13.2% | 10.3% | 20.5% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.24 | 0.24 | 0.17 | 0.31 | 0.48 | 0.81 | 1.08 | 1.39 | 1.82 | 2.08 | 1.75 |
| Debt / EBITDA | 0.64 | 0.64 | 0.43 | 0.60 | 0.69 | 1.44 | 2.60 | 3.19 | 3.44 | 4.58 | 3.15 |
| Net Debt / Equity | — | 0.10 | -0.04 | 0.07 | 0.19 | 0.47 | 0.75 | 1.13 | 1.57 | 1.75 | 1.51 |
| Net Debt / EBITDA | 0.26 | 0.26 | -0.10 | 0.14 | 0.27 | 0.83 | 1.82 | 2.60 | 2.97 | 3.84 | 2.72 |
| Debt / FCF | — | 2.05 | -0.28 | 0.67 | 0.93 | 1.73 | 2.95 | 297.68 | — | 29.56 | — |
| Interest Coverage | 68.30 | 68.30 | 31.29 | 29.48 | 29.34 | 10.84 | 2.55 | 2.50 | 1.68 | 1.58 | 3.33 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.86 | 1.86 | 2.11 | 2.27 | 2.06 | 2.10 | 3.03 | 2.50 | 2.39 | 2.16 | 2.69 |
| Quick Ratio | 1.25 | 1.25 | 1.58 | 1.60 | 1.46 | 1.56 | 2.17 | 1.86 | 1.64 | 1.57 | 1.98 |
| Cash Ratio | 0.30 | 0.30 | 0.52 | 0.56 | 0.50 | 0.56 | 0.74 | 0.39 | 0.28 | 0.35 | 0.36 |
| Asset Turnover | — | 0.78 | 0.88 | 0.87 | 0.98 | 0.84 | 0.71 | 0.76 | 0.76 | 0.67 | 0.76 |
| Inventory Turnover | 2.63 | 2.63 | 3.65 | 2.78 | 2.94 | 3.46 | 2.92 | 3.57 | 2.73 | 3.00 | 3.49 |
| Days Sales Outstanding | — | 103.08 | 94.89 | 83.76 | 88.73 | 97.54 | 119.50 | 137.88 | 144.68 | 149.69 | 131.75 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 1.3% | 1.2% | 0.5% | 0.8% | 0.9% | 0.4% | 1.2% | 1.4% | 0.9% | 1.0% | 0.8% |
| Payout Ratio | 17.6% | 17.6% | 12.2% | 9.0% | 8.3% | 7.7% | 15.9% | 21.3% | 30.1% | 45.3% | 12.9% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 7.3% | 6.8% | 4.3% | 8.4% | 10.6% | 5.5% | 7.4% | 6.7% | 3.0% | 2.2% | 6.3% |
| FCF Yield | 1.7% | 1.5% | 2.4% | 2.8% | 4.8% | 5.3% | 16.6% | 0.2% | — | 2.8% | — |
| Buyback Yield | 5.7% | 5.0% | 0.0% | 1.1% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 6.9% | 6.2% | 0.5% | 1.8% | 0.9% | 0.4% | 1.2% | 1.4% | 0.9% | 1.0% | 0.8% |
| Shares Outstanding | — | $47M | $47M | $48M | $48M | $48M | $46M | $44M | $38M | $35M | $30M |
Florida construction cycle sensitivity
According to current market data, TGLS trades at a forward P/E of 16.20, which appears to discount the company's historical growth volatility while simultaneously pricing in a potential normalization of margins as the firm transitions toward a more residential-heavy, shorter-cycle revenue mix in the U.S. market.
The current valuation suggests investors are cautious about the sustainability of the company's historical earnings power, as evidenced by the divergence between the TTM P/E of 13.08 and the higher forward multiple. This premium on forward earnings implies that the market is looking for a stabilization in residential demand to offset the lumpy nature of commercial project backlogs.
Based on reported financial statements, TGLS's ROIC has trended downward from 8.4% in 2024Q3 to 4.1% in 2026Q1, indicating that the company's aggressive investment in manufacturing capacity is currently failing to generate the same level of incremental returns as seen in previous, more favorable economic cycles.
The compression in ROIC suggests that the capital intensity required to maintain the Barranquilla facility and expand into vinyl products is outpacing the current operating income growth. Investors should monitor whether this decay in returns is a temporary byproduct of recent capacity expansion or a structural shift in the company's ability to deploy capital effectively.
As reported in recent filings, the cash conversion cycle has expanded significantly to 159 days in 2026Q1 from 111 days in 2024Q3, driven by rising days inventory outstanding and a persistent lag in accounts receivable collection that weighs heavily on the firm's operational liquidity.
The lengthening of the CCC highlights a potential mismatch between the company's production lead times and the payment terms of its U.S. commercial clients. This inefficiency suggests that TGLS is increasingly financing its customers' project timelines, which may necessitate higher working capital levels and constrain free cash flow generation.
Data from industry comparisons shows that while TGLS historically maintained a significant margin advantage over Apogee Enterprises, the recent contraction in operating margins to 18.0% suggests that the structural cost benefits of the Colombian manufacturing model are being challenged by rising input costs and competitive pricing pressures.
The narrowing gap between TGLS and its U.S.-based peers warrants investigation into whether the company's geographic arbitrage is losing its potency. If the margin differential continues to compress, the market may be forced to re-evaluate the valuation premium currently assigned to TGLS relative to domestic competitors like APOG.
Investors frequently misapply standard P/E multiples to TGLS, failing to account for the significant non-cash impacts of foreign currency translation and the lumpy nature of project-based revenue recognition that can artificially inflate or deflate earnings in any given quarter, obscuring the underlying operational health.
A more appropriate metric for this business model would be an adjusted EV/EBITDA that normalizes for currency volatility and excludes the impact of non-recurring project delays. Relying solely on P/E ignores the company's high fixed-cost leverage, which can lead to overly optimistic projections during cyclical peaks and excessive pessimism during troughs.
Includes 30+ ratios · 14 years · Updated daily
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Quick answers to the most common questions about buying TGLS stock.
Tecnoglass Inc.'s current P/E ratio is 13.7x. The historical average is 17.4x. This places it at the 38th percentile of its historical range.
Tecnoglass Inc.'s current EV/EBITDA is 8.1x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 8.3x.
Tecnoglass Inc.'s return on equity (ROE) is 23.7%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 22.7%.
Based on historical data, Tecnoglass Inc. is trading at a P/E of 13.7x. This is at the 38th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Tecnoglass Inc.'s current dividend yield is 1.28% with a payout ratio of 17.6%.
Tecnoglass Inc. has 42.8% gross margin and 23.5% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
Tecnoglass Inc.'s Debt/EBITDA ratio is 0.6x, indicating low leverage. A ratio below 2x is generally considered financially healthy.