Latest Ratios: P/E Ratio 10.3x · EV/EBITDA 8.2x · ROE 35.1%. (2017–2025 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $4.0B | $5.5B | $5.6B | $5.4B | $3.1B | $5.2B | $5.7B | — | — | — |
| Enterprise Value | $5.7B | $7.1B | $7.4B | $7.4B | $5.5B | $7.3B | $7.1B | — | — | — |
| P/E Ratio → | 10.32 | 13.47 | 13.26 | 14.28 | 7.76 | 12.65 | 16.53 | — | — | — |
| P/S Ratio | 1.30 | 1.78 | 1.88 | 1.74 | 0.98 | 1.75 | 2.09 | — | — | — |
| P/B Ratio | 3.36 | 4.38 | 5.29 | 6.02 | 5.37 | 9.11 | 29.58 | — | — | — |
| P/FCF | 9.09 | 12.42 | 16.27 | 13.65 | 11.91 | 12.06 | 8.63 | — | — | — |
| P/OCF | 7.85 | 10.72 | 13.12 | 11.85 | 9.69 | 10.87 | 8.18 | — | — | — |
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 |
|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 2.32 | 2.50 | 2.39 | 1.74 | 2.44 | 2.63 | — | — | — |
| EV / EBITDA | 8.23 | 10.37 | 11.22 | 11.06 | 8.16 | 10.87 | 13.04 | — | — | — |
| EV / EBIT | 10.07 | 12.68 | 13.02 | 12.81 | 9.29 | 12.25 | 15.15 | — | — | — |
| EV / FCF | — | 16.15 | 21.61 | 18.73 | 21.23 | 16.83 | 10.87 | — | — | — |
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 |
|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 47.2% | 47.2% | 47.8% | 46.2% | 44.9% | 44.6% | 43.9% | 43.0% | 42.6% | 42.9% |
| Operating Margin | 18.3% | 18.3% | 18.0% | 17.6% | 18.1% | 19.5% | 17.3% | 20.3% | 18.7% | 20.0% |
| Net Profit Margin | 13.2% | 13.2% | 14.2% | 12.2% | 12.6% | 13.8% | 12.6% | 15.7% | 14.5% | 14.9% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 35.1% | 35.1% | 43.2% | 51.1% | 69.6% | 108.0% | 34.1% | 24.2% | 21.7% | 21.3% |
| ROA | 9.4% | 9.4% | 9.8% | 8.7% | 9.2% | 11.1% | 11.6% | 15.0% | 13.1% | 12.9% |
| ROIC | 14.5% | 14.5% | 13.9% | 13.8% | 15.3% | 20.3% | 19.8% | 21.5% | 18.8% | 19.2% |
| ROCE | 17.3% | 17.3% | 15.9% | 16.1% | 16.9% | 20.6% | 21.3% | 25.3% | 22.2% | 22.6% |
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 |
|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.71 | 1.71 | 2.07 | 2.62 | 4.55 | 4.59 | 9.66 | 0.04 | 0.13 | 0.12 |
| Debt / EBITDA | 3.11 | 3.11 | 3.31 | 3.51 | 3.88 | 3.93 | 3.38 | 0.12 | 0.41 | 0.36 |
| Net Debt / Equity | — | 1.31 | 1.74 | 2.24 | 4.20 | 3.60 | 7.67 | 0.04 | 0.13 | 0.12 |
| Net Debt / EBITDA | 2.39 | 2.39 | 2.77 | 3.00 | 3.58 | 3.08 | 2.69 | 0.12 | 0.41 | 0.36 |
| Debt / FCF | — | 3.73 | 5.34 | 5.08 | 9.32 | 4.76 | 2.24 | 0.16 | 0.64 | 0.69 |
| Interest Coverage | 9.39 | 9.39 | 7.66 | 6.16 | 8.58 | 12.45 | 47.03 | — | — | — |
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 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.16 | 1.16 | 1.51 | 1.39 | 1.49 | 1.58 | 1.41 | 1.24 | 1.24 | 1.15 |
| Quick Ratio | 0.90 | 0.90 | 1.14 | 1.08 | 1.12 | 1.28 | 1.13 | 0.90 | 0.88 | 0.84 |
| Cash Ratio | 0.38 | 0.38 | 0.39 | 0.36 | 0.24 | 0.61 | 0.45 | — | — | — |
| Asset Turnover | — | 0.70 | 0.69 | 0.72 | 0.73 | 0.69 | 0.88 | 0.98 | 0.89 | 0.87 |
| Inventory Turnover | 4.98 | 4.98 | 4.60 | 5.61 | 5.08 | 5.78 | 6.49 | 7.06 | 6.11 | 6.69 |
| Days Sales Outstanding | — | 62.59 | 64.46 | 58.67 | 60.42 | 58.74 | 60.34 | 66.28 | 72.70 | 69.41 |
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 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 0.4% | 0.3% | 0.3% | 0.3% | 0.5% | 0.2% | — | — | — | — |
| Payout Ratio | 3.6% | 3.6% | 3.6% | 4.1% | 4.0% | 3.1% | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 9.7% | 7.4% | 7.5% | 7.0% | 12.9% | 7.9% | 6.0% | — | — | — |
| FCF Yield | 11.0% | 8.0% | 6.1% | 7.3% | 8.4% | 8.3% | 11.6% | — | — | — |
| Buyback Yield | 7.5% | 5.5% | 4.0% | 1.4% | 10.5% | 0.0% | 0.0% | — | — | — |
| Total Shareholder Yield | 7.8% | 5.7% | 4.3% | 1.7% | 11.1% | 0.2% | 0.0% | — | — | — |
| Shares Outstanding | — | $147M | $154M | $156M | $161M | $170M | $169M | $168M | $170M | $170M |
Energy transition infrastructure obsolescence
According to current market data, Vontier trades at a forward P/E of 8.72, a valuation that appears to bake in significant terminal value risk compared to industrial peers like Roper Technologies, which commands a substantially higher multiple despite similar exposure to niche industrial technology markets.
The current valuation suggests the market is pricing in a structural decline in the company's core fueling infrastructure business rather than rewarding its pivot toward software-driven recurring revenue. Investors should monitor whether this discount persists as the company demonstrates the resilience of its regulatory-driven environmental monitoring revenue streams.
Based on reported figures, Vontier's ROIC has remained range-bound between 2.9% and 3.9% over the last ten quarters, a level that suggests the company is struggling to generate returns on invested capital that meaningfully exceed its cost of capital during this period of strategic transition.
The persistent drag on ROIC appears largely attributable to the significant goodwill balance on the balance sheet, which reflects the premium paid for past acquisitions. Unless management can improve the organic growth profile of its newer software assets, the return on capital may continue to underperform relative to higher-margin industrial peers.
As reported in financial statements, Vontier's cash conversion cycle has fluctuated between 46 and 73 days over the past ten quarters, indicating that the company's ability to manage its inventory and receivables remains sensitive to the cyclical nature of its hardware-heavy mobility segment.
The variability in the cash conversion cycle suggests that Vontier faces ongoing challenges in aligning its manufacturing output with fluctuating demand for fueling hardware. This inefficiency warrants further investigation into whether the company's supply chain management can stabilize as it shifts toward a more software-centric business model.
According to quarterly filings, Vontier has successfully reduced its debt-to-equity ratio from 2.62 in 2023Q4 to 1.53 by 2026Q1, a trend that indicates a disciplined management focus on strengthening the balance sheet amidst the broader uncertainty surrounding the energy transition and its impact on legacy assets.
The reduction in leverage provides the company with a necessary buffer to navigate potential volatility in its core markets while maintaining the capacity to fund strategic software acquisitions. Investors should monitor whether this deleveraging trend continues to improve interest coverage ratios, which have shown improvement from 6.41 to 10.19 over the same period.
Data from recent market analysis suggests that the P/E ratio is the most commonly misapplied metric for Vontier, as it obscures the underlying quality of earnings derived from non-discretionary regulatory compliance services versus the more cyclical, hardware-driven revenue streams that are currently facing long-term secular headwinds.
Relying solely on P/E multiples fails to account for the 'regulatory moat' provided by the Veeder-Root installed base, which generates stable, recurring cash flows regardless of fuel volume. Analysts should instead focus on EV/EBITDA or free cash flow yield to better capture the true earning power of the company's integrated software and service ecosystem.
Includes 30+ ratios · 9 years · Updated daily
DCF models, multiple analysis, and analyst estimates.
10-year return with dividends reinvested.
See how regular investing compounds over time.
Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying VNT stock.
Vontier Corporation's current P/E ratio is 10.3x. The historical average is 13.0x. This places it at the 17th percentile of its historical range.
Vontier Corporation's current EV/EBITDA is 8.2x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 10.8x.
Vontier Corporation's return on equity (ROE) is 35.1%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 45.4%.
Based on historical data, Vontier Corporation is trading at a P/E of 10.3x. This is at the 17th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Vontier Corporation's current dividend yield is 0.35% with a payout ratio of 3.6%.
Vontier Corporation has 47.2% gross margin and 18.3% operating margin. Operating margin between 10-20% is typical for established companies.
Vontier Corporation's Debt/EBITDA ratio is 3.1x, indicating high leverage. A ratio between 2-4x is manageable but warrants monitoring.