Latest Ratios: P/E Ratio 14.0x · EV/EBITDA 28.6x · ROE 17.5%. (1993–2025 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 | $1.6B | $1.4B | $1.0B | $1.1B | $1.2B | $1.6B | $1.4B | $1.4B | $1.3B | $1.2B | $1.1B |
| Enterprise Value | $2.0B | $1.9B | $1.4B | $1.5B | $1.5B | $1.9B | $1.7B | $1.6B | $1.4B | $1.5B | $1.4B |
| P/E Ratio → | 14.01 | 12.02 | 41.68 | 26.11 | 17.78 | 28.03 | — | 23.10 | 15.16 | 39.93 | — |
| P/S Ratio | 2.41 | 2.24 | 1.09 | 1.18 | 1.33 | 1.87 | 1.79 | 1.98 | 1.79 | 1.50 | 1.34 |
| P/B Ratio | 2.39 | 2.05 | 1.51 | 1.55 | 1.81 | 2.54 | 2.36 | 2.05 | 2.03 | 2.26 | 2.14 |
| P/FCF | 22.52 | 20.93 | 78.75 | 31.08 | 44.28 | 17.96 | 15.88 | 31.18 | 12.08 | 14.78 | 21.71 |
| P/OCF | 13.25 | 12.31 | 15.83 | 11.98 | 16.24 | 11.93 | 10.83 | 18.94 | 9.74 | 10.25 | 13.26 |
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 | — | 2.98 | 1.55 | 1.64 | 1.71 | 2.22 | 2.20 | 2.19 | 2.05 | 1.84 | 1.79 |
| EV / EBITDA | 28.58 | 27.03 | 12.14 | 10.88 | 11.18 | 12.04 | 14.42 | 11.73 | 9.68 | 10.98 | 13.85 |
| EV / EBIT | 144.57 | 136.73 | 28.82 | 22.02 | 14.84 | 22.80 | — | 17.16 | 13.60 | 18.68 | — |
| EV / FCF | — | 27.80 | 111.49 | 43.10 | 56.76 | 21.38 | 19.45 | 34.46 | 13.86 | 18.08 | 28.92 |
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 | 20.3% | 20.3% | 20.0% | 21.8% | 22.0% | 23.6% | 23.7% | 24.7% | 26.3% | 24.8% | 24.4% |
| Operating Margin | 2.2% | 2.2% | 5.7% | 8.6% | 9.3% | 12.2% | 8.8% | 12.6% | 15.4% | 11.0% | 7.3% |
| Net Profit Margin | 18.6% | 18.6% | 2.6% | 4.5% | 7.5% | 6.7% | -10.4% | 13.6% | 11.8% | 3.8% | -5.0% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 17.5% | 17.5% | 3.6% | 6.0% | 10.3% | 9.4% | -12.4% | 15.0% | 14.3% | 5.9% | -7.6% |
| ROA | 8.6% | 8.6% | 1.8% | 3.0% | 5.1% | 4.6% | -6.7% | 8.6% | 7.8% | 3.0% | -3.6% |
| ROIC | 0.9% | 0.9% | 3.6% | 5.6% | 6.4% | 8.6% | 5.8% | 8.3% | 10.1% | 8.1% | 4.8% |
| ROCE | 1.1% | 1.1% | 4.5% | 6.6% | 7.1% | 9.5% | 6.3% | 9.0% | 11.6% | 9.9% | 6.0% |
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 | 0.72 | 0.72 | 0.66 | 0.65 | 0.68 | 0.71 | 0.66 | 0.46 | 0.47 | 0.56 | 0.75 |
| Debt / EBITDA | 7.11 | 7.11 | 3.76 | 3.29 | 3.29 | 2.81 | 3.28 | 2.39 | 1.97 | 2.21 | 3.65 |
| Net Debt / Equity | — | 0.67 | 0.63 | 0.60 | 0.51 | 0.48 | 0.53 | 0.22 | 0.30 | 0.51 | 0.71 |
| Net Debt / EBITDA | 6.68 | 6.68 | 3.57 | 3.03 | 2.46 | 1.93 | 2.65 | 1.12 | 1.24 | 2.01 | 3.45 |
| Debt / FCF | — | 6.87 | 32.74 | 12.02 | 12.47 | 3.42 | 3.57 | 3.27 | 1.78 | 3.31 | 7.20 |
| Interest Coverage | 0.78 | 0.78 | 2.54 | 4.18 | 7.21 | 5.76 | -6.01 | 6.61 | 7.64 | 5.60 | -3.29 |
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 | 2.52 | 2.52 | 2.68 | 2.49 | 3.02 | 2.79 | 2.56 | 3.62 | 2.91 | 2.55 | 2.32 |
| Quick Ratio | 1.93 | 1.93 | 1.36 | 1.29 | 1.85 | 1.80 | 1.48 | 2.52 | 1.68 | 1.28 | 1.11 |
| Cash Ratio | 0.16 | 0.16 | 0.14 | 0.22 | 0.80 | 0.91 | 0.54 | 1.44 | 0.76 | 0.23 | 0.16 |
| Asset Turnover | — | 0.43 | 0.70 | 0.67 | 0.68 | 0.66 | 0.64 | 0.61 | 0.64 | 0.79 | 0.76 |
| Inventory Turnover | 4.73 | 4.73 | 3.54 | 3.63 | 4.22 | 4.29 | 3.93 | 4.11 | 3.00 | 3.96 | 3.74 |
| Days Sales Outstanding | — | 62.90 | 65.04 | 60.47 | 54.67 | 53.50 | 53.76 | 54.92 | 50.31 | 50.09 | 51.29 |
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 | 0.4% | 0.5% | 0.7% | 0.6% | 0.6% | 0.1% | — | — | — | — | — |
| Payout Ratio | 5.5% | 5.5% | 27.3% | 16.6% | 10.4% | 3.0% | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 7.1% | 8.3% | 2.4% | 3.8% | 5.6% | 3.6% | — | 4.3% | 6.6% | 2.5% | — |
| FCF Yield | 4.4% | 4.8% | 1.3% | 3.2% | 2.3% | 5.6% | 6.3% | 3.2% | 8.3% | 6.8% | 4.6% |
| Buyback Yield | 6.6% | 7.1% | 2.1% | 2.0% | 3.3% | 1.5% | 3.0% | 2.8% | 1.2% | 0.0% | 0.0% |
| Total Shareholder Yield | 7.0% | 7.6% | 2.7% | 2.7% | 3.9% | 1.6% | 3.0% | 2.8% | 1.2% | 0.0% | 0.0% |
| Shares Outstanding | — | $41M | $41M | $42M | $42M | $43M | $44M | $46M | $46M | $46M | $45M |
Non-operating earnings distortion
According to recent market data, TriMas trades at a forward P/E of 26.65, which appears significantly elevated compared to its historical averages and peer group, suggesting that investors may be mispricing the company based on distorted net income rather than core industrial earnings power.
The current valuation multiples, including an EV/EBITDA of 30.30, imply an expectation of significant future growth that is not supported by the recent 30% revenue contraction. This premium valuation warrants caution, as it likely reflects a market misinterpretation of one-time divestiture gains as sustainable earnings growth.
Based on reported figures, the ROIC has remained suppressed near 0.8% in 2026Q1, indicating that despite the company's engineering-led moat, it is currently failing to generate meaningful returns on its invested capital compared to the broader industrial sector average.
The persistent low ROIC suggests that the company's capital allocation strategy, while aggressive in terms of M&A, has yet to translate into improved operational efficiency. Investors should monitor whether the recent structural reorganization will eventually allow for a higher return on capital as the business model stabilizes.
As reported in financial statements, the cash conversion cycle has fluctuated significantly, reaching 25 days in 2026Q1 from a high of 155 days in 2025Q4, which highlights the extreme volatility in inventory and receivables management inherent in the current business model.
The sharp reduction in the cash conversion cycle appears to be an outlier driven by recent divestitures rather than a permanent improvement in operational efficiency. This inconsistency makes it difficult to assess the company's true ability to manage its working capital through standard industrial cycles.
According to the latest balance sheet, the current ratio has surged to 4.85, providing an unprecedented liquidity buffer that, as noted in SEC filings, is largely a byproduct of recent asset sales rather than organic cash generation from core manufacturing operations.
While this liquidity position is technically robust, it suggests a company in transition that is currently holding significant cash rather than deploying it into productive assets. This temporary fortress balance sheet may provide a false sense of security regarding the underlying health of the core business.
The most commonly misapplied metric for TriMas is the P/E ratio, which, based on recent financial disclosures, is severely distorted by non-operating gains that do not reflect the company's actual ability to generate recurring cash flow from its packaging and aerospace segments.
Investors should prioritize EV/EBITDA or normalized free cash flow over P/E to avoid being misled by one-time accounting events. Relying on headline net income obscures the reality of the company's thin operating margins and the structural challenges facing its core industrial operations.
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying TRS stock.
TriMas Corporation's current P/E ratio is 14.0x. The historical average is 21.8x. This places it at the 23th percentile of its historical range.
TriMas Corporation's current EV/EBITDA is 28.6x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 10.4x.
TriMas Corporation's return on equity (ROE) is 17.5%. The historical average is 0.3%.
Based on historical data, TriMas Corporation is trading at a P/E of 14.0x. This is at the 23th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
TriMas Corporation's current dividend yield is 0.39% with a payout ratio of 5.5%.
TriMas Corporation has 20.3% gross margin and 2.2% operating margin.
TriMas Corporation's Debt/EBITDA ratio is 7.1x, indicating high leverage. A ratio above 4x may signal elevated financial risk.