Latest Ratios: P/E Ratio 271.1x · EV/EBITDA 55.5x · ROE 1.6%. (2009–2025 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 | $1.4B | $513M | $314M | $465M | $529M | $507M | $429M | $462M | $409M | $339M | $254M |
| Enterprise Value | $1.4B | $489M | $290M | $440M | $526M | $513M | $395M | $429M | $346M | $297M | $231M |
| P/E Ratio → | 271.13 | 96.25 | 31.72 | 18.12 | 14.70 | 25.08 | 39.85 | 20.86 | 17.27 | 23.50 | 39.38 |
| P/S Ratio | 4.70 | 1.67 | 1.02 | 1.31 | 1.46 | 1.59 | 1.59 | 1.63 | 1.36 | 1.33 | 1.13 |
| P/B Ratio | 4.29 | 1.52 | 0.98 | 1.41 | 1.73 | 1.83 | 1.66 | 1.91 | 1.87 | 1.75 | 1.48 |
| P/FCF | 227.13 | 80.71 | 29.49 | 15.13 | 45.06 | 30.77 | 34.69 | 23.42 | 19.62 | 21.48 | 254.89 |
| P/OCF | 100.30 | 35.64 | 15.85 | 10.14 | 16.02 | 15.12 | 12.14 | 14.95 | 11.57 | 14.91 | 22.21 |
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 | — | 1.59 | 0.95 | 1.24 | 1.45 | 1.61 | 1.46 | 1.51 | 1.15 | 1.17 | 1.03 |
| EV / EBITDA | 55.49 | 19.13 | 8.88 | 7.65 | 8.88 | 12.11 | 11.22 | 10.60 | 7.23 | 9.20 | 10.58 |
| EV / EBIT | 147.03 | 45.58 | 14.46 | 10.37 | 11.10 | 18.90 | 20.05 | 15.33 | 9.69 | 13.25 | 20.85 |
| EV / FCF | — | 77.03 | 27.25 | 14.30 | 44.76 | 31.14 | 31.91 | 21.71 | 16.59 | 18.83 | 232.48 |
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 | 38.9% | 38.9% | 41.0% | 42.3% | 41.3% | 39.4% | 38.6% | 39.3% | 40.5% | 38.6% | 36.8% |
| Operating Margin | 3.1% | 3.1% | 5.5% | 11.8% | 12.1% | 8.6% | 8.4% | 10.1% | 12.4% | 8.5% | 4.8% |
| Net Profit Margin | 1.7% | 1.7% | 3.2% | 7.2% | 9.9% | 6.4% | 4.0% | 7.8% | 7.9% | 5.6% | 2.8% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 1.6% | 1.6% | 3.0% | 8.1% | 12.4% | 7.6% | 4.3% | 9.6% | 11.5% | 7.9% | 3.7% |
| ROA | 1.2% | 1.2% | 2.1% | 5.4% | 7.7% | 4.7% | 2.8% | 6.4% | 7.5% | 5.0% | 2.4% |
| ROIC | 2.4% | 2.4% | 4.2% | 10.4% | 11.2% | 8.1% | 7.9% | 11.8% | 18.2% | 10.8% | 5.5% |
| ROCE | 2.4% | 2.4% | 4.2% | 10.2% | 10.8% | 7.3% | 7.1% | 10.4% | 14.1% | 8.9% | 4.7% |
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 | 0.19 | 0.19 | 0.17 | 0.18 | 0.28 | 0.33 | 0.25 | 0.22 | 0.12 | 0.17 | 0.21 |
| Debt / EBITDA | 2.50 | 2.50 | 1.69 | 1.02 | 1.44 | 2.14 | 1.82 | 1.31 | 0.57 | 1.00 | 1.65 |
| Net Debt / Equity | — | -0.07 | -0.07 | -0.08 | -0.01 | 0.02 | -0.13 | -0.14 | -0.29 | -0.22 | -0.13 |
| Net Debt / EBITDA | -0.91 | -0.91 | -0.73 | -0.44 | -0.06 | 0.14 | -0.97 | -0.83 | -1.32 | -1.30 | -1.02 |
| Debt / FCF | — | -3.68 | -2.24 | -0.83 | -0.30 | 0.37 | -2.77 | -1.71 | -3.02 | -2.66 | -22.41 |
| Interest Coverage | 5.54 | 5.54 | 7.99 | 10.67 | 20.87 | 22.07 | 14.40 | 18.54 | 20.56 | 12.16 | 7.47 |
Net cash position: cash ($87M) exceeds total debt ($64M)
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 | 4.47 | 4.47 | 4.47 | 3.94 | 3.91 | 3.64 | 4.67 | 2.39 | 3.92 | 3.69 | 4.22 |
| Quick Ratio | 2.97 | 2.97 | 2.88 | 2.51 | 2.60 | 2.45 | 3.36 | 1.64 | 2.79 | 2.53 | 2.70 |
| Cash Ratio | 1.58 | 1.58 | 1.49 | 1.36 | 1.38 | 1.30 | 2.07 | 0.98 | 1.65 | 1.43 | 1.58 |
| Asset Turnover | — | 0.67 | 0.68 | 0.75 | 0.76 | 0.69 | 0.67 | 0.77 | 0.92 | 0.83 | 0.83 |
| Inventory Turnover | 2.27 | 2.27 | 2.15 | 2.32 | 2.52 | 2.52 | 2.66 | 2.58 | 2.87 | 2.60 | 2.52 |
| Days Sales Outstanding | — | 66.95 | 60.97 | 58.02 | 60.47 | 66.89 | 61.33 | 55.53 | 64.72 | 67.14 | 55.61 |
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 | 0.4% | 1.0% | 3.2% | 5.5% | 6.8% | 4.0% | 2.5% | 4.8% | 5.8% | 4.3% | 2.5% |
| FCF Yield | 0.4% | 1.2% | 3.4% | 6.6% | 2.2% | 3.3% | 2.9% | 4.3% | 5.1% | 4.7% | 0.4% |
| Buyback Yield | 0.0% | 0.0% | 2.5% | 1.3% | 0.5% | 0.0% | 0.0% | 0.2% | 0.2% | 0.1% | 0.0% |
| Total Shareholder Yield | 0.0% | 0.0% | 2.5% | 1.3% | 0.5% | 0.0% | 0.0% | 0.2% | 0.2% | 0.1% | 0.0% |
| Shares Outstanding | — | $13M | $13M | $14M | $14M | $14M | $14M | $14M | $14M | $13M | $13M |
Geopolitical supply chain disruption
Based on current market data, VPG trades at a trailing P/E of 319.55 and an EV/EBITDA of 65.57, which appears significantly elevated compared to both its own historical averages and the broader industrial peer group, suggesting that investors are pricing in a transformative growth narrative that remains unproven.
The disconnect between the company's stagnant revenue growth and its high valuation multiples implies that the market is assigning a 'tech-like' premium to its specialized foil resistor business. Investors should monitor whether this valuation is sustainable, as the current forward P/E of 126.77 requires a substantial acceleration in earnings that the company's recent operating margin performance has yet to support.
As reported in financial statements, VPG's ROIC has struggled to maintain momentum, fluctuating between -0.0% and 2.9% over the last ten quarters, which indicates that the company is currently failing to generate returns on invested capital that meaningfully exceed its cost of capital in a consistent manner.
The low ROIC trend reflects the challenges of managing a high fixed-cost manufacturing base while navigating cyclical end-markets. This lack of compounding efficiency suggests that capital allocation, while conservative, has not yet translated into the high-margin growth required to justify the company's current market valuation.
According to recent quarterly filings, VPG's cash conversion cycle has remained elevated, peaking at 227 days in 2024Q4, which highlights significant inefficiencies in inventory management and suggests that the company's specialized product mix requires substantial capital to be tied up in slow-moving inventory and long-dated receivables.
The persistent DIO levels, often exceeding 160 days, indicate that the company must carry significant stock to meet the specialized needs of its metrology and aerospace customers. This structural reliance on high inventory levels limits the company's ability to optimize its cash conversion cycle, thereby constraining the free cash flow available for reinvestment or shareholder returns.
The P/E ratio is frequently misapplied to VPG's business model because it obscures the impact of non-operating items and tax volatility on the company's bottom line, failing to capture the underlying cash-generating potential of its specialized, high-precision manufacturing segments.
Given the lumpy nature of revenue recognition in the Measurement Systems segment and the impact of FX fluctuations on reported earnings, the P/E ratio provides a distorted view of performance. Analysts should instead prioritize EV/EBITDA or normalized free cash flow metrics to better assess the true operational earning power of the firm's core sensor and weighing businesses.
Includes 30+ ratios · 17 years · Updated daily
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Quick answers to the most common questions about buying VPG stock.
Vishay Precision Group, Inc.'s current P/E ratio is 271.1x. The historical average is 31.6x. This places it at the 100th percentile of its historical range.
Vishay Precision Group, Inc.'s current EV/EBITDA is 55.5x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 9.2x.
Vishay Precision Group, Inc.'s return on equity (ROE) is 1.6%. The historical average is 5.2%.
Based on historical data, Vishay Precision Group, Inc. is trading at a P/E of 271.1x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Vishay Precision Group, Inc. has 38.9% gross margin and 3.1% operating margin.
Vishay Precision Group, Inc.'s Debt/EBITDA ratio is 2.5x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.