Latest Ratios: P/E Ratio -0.8x · EV/EBITDA 2.9x · ROE N/A. (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 | $263M | $197M | $438M | $384M | $346M | $1.4B | $1.2B | $664M | $599M | $411M | $748M |
| Enterprise Value | $652M | $586M | $599M | $545M | $523M | $1.4B | $1.1B | $794M | $647M | $322M | $678M |
| P/E Ratio → | -0.76 | — | — | — | — | — | — | — | 7.91 | — | — |
| P/S Ratio | 0.14 | 0.10 | 0.22 | 0.19 | 0.17 | 0.67 | 0.61 | 0.30 | 0.21 | 0.15 | 0.27 |
| P/B Ratio | — | — | — | — | 15.86 | — | — | — | — | — | — |
| P/FCF | — | — | 6.12 | 55.59 | — | 15.77 | — | 18.04 | — | 5.39 | 6.11 |
| P/OCF | — | — | 3.24 | 5.17 | 27.23 | 10.32 | — | 5.36 | 8.10 | 2.47 | 3.43 |
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 | — | 0.30 | 0.30 | 0.27 | 0.26 | 0.69 | 0.53 | 0.36 | 0.23 | 0.12 | 0.24 |
| EV / EBITDA | 2.85 | 2.56 | 2.94 | 2.53 | 2.22 | 4.35 | 4.31 | 2.78 | 1.44 | 1.99 | 3.34 |
| EV / EBIT | 4.89 | — | — | — | — | — | — | 529.60 | 3.12 | — | 14.15 |
| EV / FCF | — | — | 8.36 | 78.95 | — | 16.43 | — | 21.59 | — | 4.22 | 5.54 |
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 | 28.2% | 28.2% | 29.2% | 27.4% | 26.7% | 27.8% | 23.8% | 24.0% | 24.3% | 17.5% | 19.8% |
| Operating Margin | 6.8% | 6.8% | 4.8% | 3.8% | 2.6% | 7.5% | 4.3% | 6.2% | 10.1% | 0.2% | 1.7% |
| Net Profit Margin | -17.4% | -17.4% | -9.6% | -21.4% | -5.4% | -21.8% | 37.0% | -0.8% | 2.7% | -2.4% | -1.7% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | — | — | — | — | -486.2% | — | — | — | — | — | — |
| ROA | -18.3% | -18.3% | -10.1% | -21.4% | -4.7% | -17.5% | 28.8% | -0.7% | 3.0% | -2.8% | -2.3% |
| ROIC | 1668.8% | 1668.8% | — | 52.1% | 40.7% | — | — | — | — | — | — |
| ROCE | 11.0% | 11.0% | 7.6% | 5.6% | 3.4% | 9.0% | 5.2% | 8.9% | 18.3% | 0.4% | 4.3% |
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 | — | — | — | — | 26.09 | — | — | — | — | — | — |
| Debt / EBITDA | 3.51 | 3.51 | 2.64 | 2.54 | 2.41 | 1.87 | 2.94 | 2.35 | 1.46 | 3.98 | 1.48 |
| Net Debt / Equity | — | — | — | — | 8.12 | — | — | — | — | — | — |
| Net Debt / EBITDA | 1.70 | 1.70 | 0.79 | 0.75 | 0.75 | 0.18 | -0.68 | 0.46 | 0.11 | -0.55 | -0.35 |
| Debt / FCF | — | — | 2.24 | 23.36 | — | 0.67 | — | 3.55 | — | -1.17 | -0.58 |
| Interest Coverage | -4.10 | -4.10 | -1.36 | -10.29 | -0.93 | -12.04 | -8.31 | 0.02 | 3.24 | -0.37 | 1.75 |
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 | 1.53 | 1.53 | 1.56 | 1.49 | 1.43 | 1.51 | 1.61 | 1.32 | 1.41 | 1.43 | 1.05 |
| Quick Ratio | 1.51 | 1.51 | 1.54 | 1.47 | 1.41 | 1.50 | 1.60 | 1.30 | 1.38 | 1.40 | 1.02 |
| Cash Ratio | 0.63 | 0.63 | 0.60 | 0.60 | 0.60 | 0.73 | 0.96 | 0.58 | 0.66 | 0.76 | 0.38 |
| Asset Turnover | — | 1.06 | 1.07 | 1.03 | 0.96 | 0.85 | 0.75 | 0.89 | 1.15 | 1.08 | 1.40 |
| Inventory Turnover | 101.51 | 101.51 | 86.74 | 95.69 | 97.34 | 195.05 | 115.17 | 102.98 | 78.34 | 86.77 | 78.00 |
| Days Sales Outstanding | — | 81.92 | 87.82 | 84.43 | 79.53 | 87.71 | 90.93 | 74.89 | 69.63 | 66.96 | 65.45 |
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 | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | — | — | — | 12.6% | — | — |
| FCF Yield | — | — | 16.3% | 1.8% | — | 6.3% | — | 5.5% | — | 18.5% | 16.4% |
| 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 | — | $71M | $69M | $68M | $68M | $66M | $63M | $56M | $51M | $50M | $50M |
Legacy pension liability volatility
According to current market data, Unisys trades at an EV/EBITDA multiple of 2.84, which appears significantly compressed compared to broader IT service peers, suggesting that investors are heavily discounting the firm due to persistent legacy pension liabilities rather than its core software-defined transaction processing capabilities.
The forward P/E of 4.31 implies a market expectation of continued earnings stagnation or decline, failing to account for the potential defensive moat of the ClearPath Forward platform. This valuation gap warrants further investigation into whether the market is mispricing the terminal value of the legacy segment.
Based on reported financial figures, ROIC has exhibited extreme volatility, ranging from 8.3% to 165.9% over the last ten quarters, which indicates that the company's ability to compound capital is frequently disrupted by non-recurring accounting adjustments rather than consistent operational execution or efficient asset deployment.
The wide variance in returns suggests that the company is not currently compounding value in a predictable manner. Investors should monitor whether management can stabilize these returns by reducing the influence of pension-related volatility on the underlying capital base.
As reported in quarterly filings, the cash conversion cycle has fluctuated between 42 and 74 days, revealing that Unisys faces significant challenges in managing its working capital efficiency, particularly as it balances long-term service contracts with the inherent lumpiness of its software-defined revenue recognition model.
The variability in DSO, which peaked at 97 days in 2025Q1, suggests potential friction in customer collections that may be impacting liquidity. This inconsistency in the cash conversion cycle appears to be a structural hurdle to achieving sustained free cash flow generation.
According to recent balance sheet data, the current ratio has remained relatively tight between 1.49 and 1.67, indicating that while the company maintains a basic level of liquidity, its ability to withstand severe operational stress is constrained by significant ongoing pension and debt service obligations.
The quick ratio, closely tracking the current ratio, confirms that inventory dependence is minimal, yet the overall liquidity position remains vulnerable to sudden cash outflows. The company's reliance on external financing to bridge operational gaps suggests that its liquidity profile is far from a fortress.
As evidenced by the company's negative net margins and complex pension accounting, the P/E ratio is a fundamentally flawed metric for Unisys, as it fails to capture the true cash-generating capacity of the business by including non-cash, non-operating charges that distort the bottom line.
Analysts should instead prioritize Adjusted EBITDA or Free Cash Flow to evaluate the company's performance, as these metrics better reflect the underlying operational health of the IT services segments. Relying on P/E in this context likely leads to an inaccurate assessment of the company's true earnings power.
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying UIS stock.
Unisys Corporation's current P/E ratio is -0.8x. The historical average is 21.9x.
Unisys Corporation's current EV/EBITDA is 2.9x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 6.2x.
Based on historical data, Unisys Corporation is trading at a P/E of -0.8x. Compare with industry peers and growth rates for a complete picture.
Unisys Corporation has 28.2% gross margin and 6.8% operating margin.
Unisys Corporation's Debt/EBITDA ratio is 3.5x, indicating high leverage. A ratio between 2-4x is manageable but warrants monitoring.