Latest Ratios: P/E Ratio -7.4x · EV/EBITDA 34.6x · ROE -9.1%. (2006–2026 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $408M | $371M | $423M | $601M | $983M | $685M | $471M | $268M | $409M | $463M | $302M |
| Enterprise Value | $1.2B | $1.2B | $1.4B | $1.6B | $1.4B | $829M | $698M | $748M | $700M | $756M | $610M |
| P/E Ratio → | -7.35 | — | — | 5.42 | 9.79 | 10.55 | 24.77 | 19.38 | 33.46 | — | — |
| P/S Ratio | 0.17 | 0.15 | 0.16 | 0.22 | 0.45 | 0.40 | 0.33 | 0.21 | 0.32 | 0.38 | 0.25 |
| P/B Ratio | 0.69 | 0.64 | 0.69 | 0.91 | 1.83 | 1.57 | 1.27 | 0.78 | 1.22 | 1.44 | 0.94 |
| P/FCF | 3.54 | 3.22 | 22.94 | — | — | 5.65 | 3.08 | — | 11.80 | 6.64 | 2.35 |
| P/OCF | 2.97 | 2.70 | 6.02 | — | 90.92 | 4.31 | 2.72 | 280.68 | 8.77 | 4.83 | 2.14 |
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 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.48 | 0.51 | 0.59 | 0.61 | 0.48 | 0.49 | 0.57 | 0.56 | 0.63 | 0.50 |
| EV / EBITDA | 34.56 | 33.49 | 32.57 | 8.14 | 8.28 | 6.79 | 9.61 | 12.14 | 13.71 | 29.04 | 24.89 |
| EV / EBIT | — | — | 346.28 | 9.66 | 9.78 | 8.95 | 18.41 | 31.37 | 23.30 | 295.28 | — |
| EV / FCF | — | 10.15 | 75.24 | — | — | 6.84 | 4.57 | — | 20.21 | 10.85 | 4.74 |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 15.8% | 15.8% | 14.6% | 19.3% | 19.9% | 19.4% | 18.5% | 19.2% | 18.4% | 17.9% | 17.6% |
| Operating Margin | -0.1% | -0.1% | 0.1% | 6.1% | 6.3% | 5.3% | 2.7% | 1.6% | 2.2% | 0.1% | -0.2% |
| Net Profit Margin | -2.2% | -2.2% | -1.4% | 4.0% | 4.6% | 3.9% | 1.4% | 1.1% | 1.0% | -0.6% | -1.2% |
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -9.1% | -9.1% | -5.8% | 18.6% | 21.0% | 16.4% | 5.4% | 4.1% | 3.7% | -2.2% | -4.3% |
| ROA | -3.2% | -3.2% | -1.9% | 7.0% | 9.5% | 7.5% | 2.2% | 1.6% | 1.6% | -0.9% | -1.6% |
| ROIC | -0.1% | -0.1% | 0.2% | 9.8% | 14.0% | 11.5% | 3.9% | 2.2% | 3.3% | 0.1% | -0.2% |
| ROCE | -0.3% | -0.3% | 0.5% | 22.1% | 21.9% | 16.9% | 7.6% | 5.0% | 6.8% | 0.2% | -0.5% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.43 | 1.43 | 1.63 | 1.62 | 0.77 | 0.67 | 0.83 | 1.52 | 1.04 | 1.08 | 1.13 |
| Debt / EBITDA | 23.68 | 23.68 | 23.48 | 5.33 | 2.53 | 2.38 | 4.22 | 8.50 | 6.82 | 13.31 | 14.75 |
| Net Debt / Equity | — | 1.38 | 1.57 | 1.56 | 0.69 | 0.33 | 0.61 | 1.39 | 0.87 | 0.91 | 0.96 |
| Net Debt / EBITDA | 22.87 | 22.87 | 22.64 | 5.14 | 2.26 | 1.18 | 3.13 | 7.79 | 5.70 | 11.25 | 12.58 |
| Debt / FCF | — | 6.93 | 52.30 | — | — | 1.19 | 1.49 | — | 8.41 | 4.20 | 2.40 |
| Interest Coverage | -0.06 | -0.06 | 0.07 | 8.00 | 19.92 | 16.21 | 5.28 | 2.43 | 2.17 | 0.15 | -0.04 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.41 | 1.41 | 1.35 | 1.32 | 1.74 | 1.84 | 1.83 | 1.47 | 1.52 | 1.83 | 1.97 |
| Quick Ratio | 0.24 | 0.24 | 0.19 | 0.19 | 0.33 | 0.72 | 0.51 | 0.26 | 0.36 | 0.39 | 0.42 |
| Cash Ratio | 0.04 | 0.04 | 0.04 | 0.03 | 0.09 | 0.39 | 0.25 | 0.09 | 0.13 | 0.16 | 0.17 |
| Asset Turnover | — | 1.50 | 1.49 | 1.38 | 1.86 | 1.81 | 1.73 | 1.34 | 1.59 | 1.58 | 1.57 |
| Inventory Turnover | 2.26 | 2.26 | 2.08 | 1.71 | 2.51 | 3.27 | 2.75 | 1.76 | 2.10 | 2.09 | 2.09 |
| Days Sales Outstanding | — | 19.10 | 16.18 | 17.77 | 15.83 | 20.10 | 17.87 | 20.35 | 22.42 | 18.41 | 19.70 |
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 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | 18.4% | 10.2% | 9.5% | 4.0% | 5.2% | 3.0% | — | — |
| FCF Yield | 28.2% | 31.1% | 4.4% | — | — | 17.7% | 32.5% | — | 8.5% | 15.1% | 42.6% |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Shares Outstanding | — | $23M | $23M | $22M | $22M | $22M | $22M | $22M | $22M | $22M | $22M |
Cyclical inventory absorption failure
Based on reported figures, TITN trades at a P/S ratio of 0.20, which suggests the market is heavily discounting the company's future earnings potential compared to historical averages and broader industrial distributors, likely reflecting deep skepticism regarding the timing of a recovery in the agricultural equipment cycle.
The negative TTM P/E ratio underscores the current lack of profitability, rendering traditional earnings-based valuation metrics ineffective for assessing the firm's intrinsic value. Investors should monitor the EV/EBITDA multiple, which at 36.85 appears elevated, suggesting that the market is pricing in a significant recovery in operating performance that has yet to materialize in the income statement.
As reported in financial statements, TITN's operating margin has slipped into negative territory at -1.1% in 2027Q1, indicating that the company's high fixed-cost structure is currently failing to achieve the necessary absorption levels required to generate positive returns during this period of declining equipment demand.
The gross margin of 17.1% remains insufficient to cover the overhead associated with the company's extensive dealership footprint and specialized labor force. This suggests that until revenue volumes stabilize or the mix shifts more heavily toward higher-margin parts and service, the company's earning power will likely remain constrained.
According to recent SEC filings, TITN's cash conversion cycle has remained elevated at 199 days in 2027Q1, primarily driven by a bloated inventory position that continues to tie up significant capital and limits the company's ability to respond nimbly to shifting market conditions.
The Days Inventory Outstanding (DIO) of 187 days highlights the difficulty in clearing aging equipment, which is a critical risk factor given the potential for future write-downs. The lack of meaningful improvement in the CCC suggests that the company's operational efficiency is currently hampered by the cyclical nature of its inventory-heavy business model.
Investors frequently misapply standard debt-to-equity ratios to TITN, which obscures the true leverage profile because it fails to account for the company's reliance on floorplan notes payable, a form of financing that functions as operational debt rather than traditional long-term capital structure obligations.
By treating floorplan notes as trade payables, analysts may underestimate the firm's sensitivity to interest rate fluctuations and liquidity risks. A more accurate assessment of the company's financial health would involve adjusting for these off-balance-sheet-like obligations to better reflect the true burden of its inventory-linked financing.
Includes 30+ ratios · 21 years · Updated daily
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Quick answers to the most common questions about buying TITN stock.
Titan Machinery Inc.'s current P/E ratio is -7.4x. The historical average is 18.1x.
Titan Machinery Inc.'s current EV/EBITDA is 34.6x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 16.1x.
Titan Machinery Inc.'s return on equity (ROE) is -9.1%. The historical average is 7.8%.
Based on historical data, Titan Machinery Inc. is trading at a P/E of -7.4x. Compare with industry peers and growth rates for a complete picture.
Titan Machinery Inc. has 15.8% gross margin and -0.1% operating margin.
Titan Machinery Inc.'s Debt/EBITDA ratio is 23.7x, indicating high leverage. A ratio above 4x may signal elevated financial risk.