Latest Ratios: P/E Ratio -156.3x · EV/EBITDA 14.1x · ROE -1.2%. (1996–2025 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 | $316M | $122M | $163M | $156M | $121M | $189M | $73M | $191M | $283M | $181M | $120M |
| Enterprise Value | $349M | $155M | $192M | $172M | $156M | $221M | $118M | $236M | $272M | $171M | $111M |
| P/E Ratio → | -156.29 | — | 14.91 | 15.01 | 11.62 | — | — | 17.98 | 29.55 | — | — |
| P/S Ratio | 0.93 | 0.36 | 0.55 | 0.56 | 0.50 | 0.86 | 0.30 | 0.63 | 1.17 | 1.08 | 0.72 |
| P/B Ratio | 1.84 | 0.74 | 1.05 | 1.07 | 0.92 | 1.44 | 0.52 | 1.05 | 1.97 | 1.47 | 1.03 |
| P/FCF | 35.77 | 13.87 | 6.54 | 10.38 | — | 91.33 | — | — | 1545.49 | 4031.05 | — |
| P/OCF | 13.16 | 5.10 | 4.85 | 6.79 | — | 28.88 | 7.99 | — | 43.44 | 57.08 | 35.48 |
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 | — | 0.46 | 0.65 | 0.62 | 0.64 | 1.01 | 0.48 | 0.78 | 1.13 | 1.02 | 0.66 |
| EV / EBITDA | 14.07 | 6.27 | 8.93 | 6.75 | 7.57 | — | — | 8.49 | 12.74 | — | — |
| EV / EBIT | 35.26 | 35.21 | 11.40 | 10.27 | 10.58 | — | — | 14.34 | 14.86 | — | — |
| EV / FCF | — | 17.62 | 7.66 | 11.46 | — | 107.14 | — | — | 1488.94 | 3807.85 | — |
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 | 27.2% | 27.2% | 28.2% | 26.8% | 28.3% | 23.3% | 22.6% | 29.6% | 33.3% | 28.7% | 24.4% |
| Operating Margin | 2.9% | 2.9% | 3.9% | 5.8% | 4.5% | -5.6% | -16.3% | 6.1% | 6.2% | -5.3% | -14.8% |
| Net Profit Margin | -0.6% | -0.6% | 3.7% | 3.7% | 4.3% | -13.6% | -16.1% | 3.5% | 4.0% | -3.7% | -7.9% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -1.2% | -1.2% | 7.3% | 7.5% | 8.0% | -22.0% | -24.7% | 6.5% | 7.1% | -5.2% | -10.2% |
| ROA | -0.6% | -0.6% | 3.7% | 3.7% | 3.8% | -10.4% | -12.4% | 3.7% | 4.3% | -3.0% | -5.7% |
| ROIC | 3.9% | 3.9% | 5.0% | 7.4% | 5.0% | -5.3% | -14.6% | 7.7% | 9.1% | -6.1% | -15.4% |
| ROCE | 4.5% | 4.5% | 5.7% | 8.4% | 5.6% | -5.8% | -16.1% | 8.3% | 8.8% | -5.2% | -13.3% |
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 | 0.30 | 0.30 | 0.31 | 0.20 | 0.36 | 0.34 | 0.40 | 0.31 | 0.03 | 0.05 | 0.07 |
| Debt / EBITDA | 1.98 | 1.98 | 2.25 | 1.16 | 2.29 | — | — | 2.05 | 0.23 | — | — |
| Net Debt / Equity | — | 0.20 | 0.18 | 0.11 | 0.26 | 0.25 | 0.32 | 0.25 | -0.07 | -0.08 | -0.08 |
| Net Debt / EBITDA | 1.33 | 1.33 | 1.31 | 0.64 | 1.68 | — | — | 1.61 | -0.48 | — | — |
| Debt / FCF | — | 3.75 | 1.13 | 1.08 | — | 15.81 | — | — | -56.54 | -223.20 | — |
| Interest Coverage | 1.67 | 1.67 | 11.65 | 7.42 | 6.92 | -3.17 | -24.80 | 8.55 | 65.00 | -30.45 | -58.38 |
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 | 1.96 | 1.96 | 2.21 | 2.19 | 2.52 | 2.44 | 2.61 | 2.77 | 2.55 | 2.91 | 3.46 |
| Quick Ratio | 0.75 | 0.75 | 0.90 | 0.88 | 0.95 | 0.98 | 0.80 | 1.05 | 1.21 | 1.42 | 1.62 |
| Cash Ratio | 0.13 | 0.13 | 0.20 | 0.13 | 0.15 | 0.16 | 0.16 | 0.17 | 0.24 | 0.37 | 0.51 |
| Asset Turnover | — | 0.96 | 0.95 | 0.96 | 0.88 | 0.79 | 0.84 | 0.87 | 1.03 | 0.80 | 0.78 |
| Inventory Turnover | 1.63 | 1.63 | 1.62 | 1.54 | 1.37 | 1.46 | 1.58 | 1.69 | 1.91 | 1.81 | 1.89 |
| Days Sales Outstanding | — | 63.14 | 64.57 | 72.17 | 68.30 | 65.94 | 45.37 | 53.08 | 68.87 | 68.13 | 55.67 |
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 | 0.8% | 1.9% | 1.0% | 0.2% | 0.2% | 0.1% | — | — | — | — | 1.7% |
| Payout Ratio | — | — | 15.4% | 2.3% | 2.0% | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | 6.7% | 6.7% | 8.6% | — | — | 5.6% | 3.4% | — | — |
| FCF Yield | 2.8% | 7.2% | 15.3% | 9.6% | — | 1.1% | — | — | 0.1% | 0.0% | — |
| Buyback Yield | 0.4% | 1.0% | 1.1% | 0.3% | 0.4% | 0.1% | 0.0% | 0.0% | 0.1% | 0.1% | 0.2% |
| Total Shareholder Yield | 1.2% | 2.9% | 2.1% | 0.4% | 0.6% | 0.2% | 0.0% | 0.0% | 0.1% | 0.1% | 1.9% |
| Shares Outstanding | — | $14M | $14M | $14M | $13M | $13M | $13M | $13M | $11M | $11M | $11M |
Cyclical margin volatility
According to recent market data, Twin Disc trades at a forward P/E of 33.14, which appears to price in a significant recovery that remains unproven given the company's historical struggle to convert revenue growth into consistent bottom-line earnings compared to its diversified industrial machinery peers.
The negative TTM P/E ratio highlights the disconnect between top-line expansion and the company's current inability to achieve sustainable profitability. Investors should monitor whether the forward multiple is justified by a structural margin improvement or if it merely reflects an optimistic outlook on cyclical end-market recovery.
As reported in financial statements, Twin Disc's ROIC has fluctuated between -0.1% and 2.1% over the last ten quarters, suggesting that the firm is currently failing to generate returns that exceed its cost of capital, thereby hindering long-term value creation for shareholders in this sector.
The persistent low-single-digit ROIC indicates that the company's heavy investment in specialized manufacturing assets is not yet yielding the expected operational efficiency. This trend warrants further investigation into whether the current asset base is over-scaled for the firm's actual throughput levels.
Based on the provided quarterly data, the cash conversion cycle remains elevated, peaking at 248 days in 2026Q1, which reveals significant inefficiencies in inventory management and suggests that capital is being trapped in slow-moving components rather than being deployed for higher-return growth initiatives.
The high DIO relative to peers suggests that the company's reliance on custom marine and oilfield components creates a structural drag on cash flow. This inefficiency forces the firm to maintain higher working capital levels, which limits its ability to navigate cyclical downturns without impacting liquidity.
As reported in financial statements, Twin Disc maintains a modest debt-to-equity ratio of 0.36 as of 2026Q3, which provides a necessary safety buffer against the inherent volatility of its project-based business model and protects the firm from the risks of high interest expense.
While the low leverage is a positive indicator of financial health, it also suggests that the company may be under-utilizing its balance sheet to fund potential strategic acquisitions or R&D. Investors should monitor if this conservative stance is a deliberate strategy to weather cyclical troughs or a missed opportunity for growth.
The P/E ratio is frequently misapplied to Twin Disc because it obscures the impact of lumpy project-based revenue recognition and significant non-recurring charges, which often distort the company's true earning power during periods of transition or heavy investment in new propulsion technology.
Analysts should instead focus on EV/EBITDA or P/S ratios to better assess the company's valuation, as these metrics are less sensitive to the accounting volatility inherent in the firm's current earnings profile. Relying on P/E in this context may lead to an inaccurate assessment of the company's fundamental value.
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying TWIN stock.
Twin Disc, Incorporated's current P/E ratio is -156.3x. The historical average is 20.6x.
Twin Disc, Incorporated's current EV/EBITDA is 14.1x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 7.8x.
Twin Disc, Incorporated's return on equity (ROE) is -1.2%. The historical average is 5.2%.
Based on historical data, Twin Disc, Incorporated is trading at a P/E of -156.3x. Compare with industry peers and growth rates for a complete picture.
Twin Disc, Incorporated's current dividend yield is 0.75%.
Twin Disc, Incorporated has 27.2% gross margin and 2.9% operating margin.
Twin Disc, Incorporated's Debt/EBITDA ratio is 2.0x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.