Latest Ratios: P/E Ratio 17.2x · EV/EBITDA 21.5x · ROE 15.9%. (1997–2026 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $2.7B | $2.8B | $3.0B | $2.9B | $1.7B | $1.5B | $2.2B | $1.0B | $1.2B | $1.9B | $1.7B |
| Enterprise Value | $3.0B | $3.1B | $3.0B | $2.9B | $2.0B | $2.3B | $2.3B | $1.6B | $1.9B | $2.5B | $2.0B |
| P/E Ratio → | 17.16 | 17.85 | 30.68 | 25.92 | 6.67 | 3.86 | 3.05 | 13.08 | 8.07 | 9.57 | 8.21 |
| P/S Ratio | 1.96 | 2.02 | 2.56 | 2.31 | 1.20 | 0.28 | 0.70 | 0.34 | 0.33 | 0.52 | 0.56 |
| P/B Ratio | 2.61 | 2.71 | 3.15 | 3.22 | 0.94 | 0.91 | 1.42 | 1.07 | 1.31 | 1.80 | 1.56 |
| P/FCF | 10.74 | 11.07 | 18.55 | 13.91 | 3.17 | — | 11.48 | 4.28 | 10.92 | 9.08 | 6.28 |
| P/OCF | 11.96 | 12.32 | 14.08 | 9.90 | 2.73 | 20.91 | 8.04 | 3.07 | 6.26 | 6.62 | 5.00 |
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 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 2.25 | 2.63 | 2.36 | 1.44 | 0.43 | 0.73 | 0.53 | 0.50 | 0.70 | 0.66 |
| EV / EBITDA | 21.52 | 22.11 | 30.87 | 35.41 | 12.42 | 7.52 | 8.68 | 7.15 | 7.95 | 8.90 | 6.82 |
| EV / EBIT | 36.32 | 37.31 | 23.10 | 38.85 | 11.48 | 4.17 | 2.44 | 11.43 | 7.76 | 10.07 | 6.06 |
| EV / FCF | — | 12.35 | 19.03 | 14.26 | 3.80 | — | 12.04 | 6.77 | 16.72 | 12.14 | 7.40 |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 27.4% | 27.4% | 27.6% | 23.0% | 23.9% | 11.5% | 18.3% | 15.2% | 12.8% | 15.1% | 17.2% |
| Operating Margin | 6.0% | 6.0% | 4.3% | 0.2% | 3.7% | 3.9% | 5.6% | 4.4% | 3.8% | 4.9% | 6.7% |
| Net Profit Margin | 11.3% | 11.3% | 8.3% | 8.9% | 18.1% | 7.2% | 22.8% | 2.6% | 4.1% | 5.4% | 6.8% |
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 15.9% | 15.9% | 10.5% | 8.2% | 14.9% | 24.0% | 57.5% | 8.2% | 15.5% | 18.5% | 20.5% |
| ROA | 8.8% | 8.8% | 5.8% | 4.2% | 7.0% | 10.8% | 25.4% | 3.3% | 6.0% | 7.9% | 9.3% |
| ROIC | 5.3% | 5.3% | 3.8% | 0.1% | 1.7% | 7.5% | 8.3% | 6.4% | 6.6% | 8.7% | 10.9% |
| ROCE | 5.3% | 5.3% | 3.4% | 0.1% | 1.9% | 7.7% | 7.9% | 7.2% | 7.5% | 9.3% | 11.8% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.34 | 0.34 | 0.35 | 0.36 | 0.44 | 0.52 | 0.48 | 0.77 | 0.79 | 0.72 | 0.54 |
| Debt / EBITDA | 2.49 | 2.49 | 3.32 | 3.81 | 4.82 | 2.79 | 2.81 | 3.27 | 3.14 | 2.68 | 1.99 |
| Net Debt / Equity | — | 0.31 | 0.08 | 0.08 | 0.19 | 0.50 | 0.07 | 0.62 | 0.69 | 0.61 | 0.28 |
| Net Debt / EBITDA | 2.29 | 2.29 | 0.77 | 0.88 | 2.06 | 2.68 | 0.40 | 2.63 | 2.75 | 2.24 | 1.04 |
| Debt / FCF | — | 1.28 | 0.48 | 0.35 | 0.63 | — | 0.56 | 2.49 | 5.80 | 3.06 | 1.12 |
| Interest Coverage | 13.33 | 13.33 | 57.08 | 42.69 | 9.77 | 17.43 | 33.05 | 4.46 | 6.45 | 6.46 | 11.04 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.37 | 2.37 | 3.48 | 3.78 | 2.60 | 1.92 | 2.50 | 2.53 | 1.67 | 1.92 | 2.29 |
| Quick Ratio | 1.43 | 1.43 | 2.62 | 2.86 | 1.76 | 1.10 | 1.78 | 1.49 | 0.98 | 1.22 | 1.61 |
| Cash Ratio | 0.13 | 0.13 | 1.27 | 1.37 | 0.63 | 0.04 | 0.81 | 0.38 | 0.13 | 0.19 | 0.53 |
| Asset Turnover | — | 0.75 | 0.68 | 0.76 | 0.39 | 1.44 | 0.94 | 1.31 | 1.50 | 1.37 | 1.30 |
| Inventory Turnover | 4.84 | 4.84 | 4.93 | 5.83 | 1.77 | 6.11 | 4.59 | 6.41 | 6.77 | 6.69 | 7.05 |
| Days Sales Outstanding | — | 65.58 | 72.32 | 63.62 | 57.78 | 61.14 | 73.88 | 41.69 | 49.36 | 58.53 | 59.81 |
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 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 1.4% | 1.3% | 1.1% | 2.0% | 3.5% | 3.9% | 2.4% | 5.2% | 4.2% | 2.8% | 3.0% |
| Payout Ratio | 23.6% | 23.6% | 35.3% | 51.4% | 23.1% | 15.1% | 7.3% | 67.6% | 34.1% | 26.4% | 24.8% |
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 5.8% | 5.6% | 3.3% | 3.9% | 15.0% | 25.9% | 32.8% | 7.6% | 12.4% | 10.5% | 12.2% |
| FCF Yield | 9.3% | 9.0% | 5.4% | 7.2% | 31.5% | — | 8.7% | 23.4% | 9.2% | 11.0% | 15.9% |
| Buyback Yield | 1.6% | 1.6% | 1.2% | 0.4% | 0.1% | 12.7% | 8.7% | 5.6% | 14.1% | 11.1% | 0.5% |
| Total Shareholder Yield | 3.0% | 2.9% | 2.3% | 2.4% | 3.6% | 16.6% | 11.1% | 10.7% | 18.3% | 13.8% | 3.6% |
| Shares Outstanding | — | $49M | $50M | $50M | $49M | $51M | $54M | $56M | $59M | $63M | $65M |
JV Income Dependency
According to current market data, WOR trades at a forward P/E of 14.99, which appears to reflect a conglomerate discount as investors struggle to reconcile the company's mature building products business with the speculative growth potential inherent in its sustainable energy solutions segment.
The valuation multiple suggests the market is pricing the entity as a cyclical industrial rather than a branded consumer goods manufacturer. Investors should monitor whether the current P/E expansion is justified by the successful scaling of higher-margin branded products or if it remains tethered to historical steel-processing valuation benchmarks.
Based on reported financial figures, ROIC has struggled to gain traction, hovering near 1.0% in 2026Q4, which indicates that the company is currently failing to generate returns on invested capital that exceed its cost of capital following the recent corporate restructuring and spin-off.
The persistent gap between gross margins and ROIC suggests that significant capital is tied up in underperforming assets or that the company's recent investments in sustainable energy have yet to reach an inflection point. This trend warrants further investigation into whether the current asset base is optimized for the new, higher-margin business model.
As evidenced by the 2026Q4 cash conversion cycle of 94 days, Worthington Enterprises faces structural inefficiencies in working capital management, with inventory days of 69 and DSO of 63 days suggesting that capital remains trapped in the supply chain longer than industry peers.
The elevated CCC indicates that the company's transition to a branded consumer model has not yet yielded the expected improvements in inventory turnover. Investors should monitor whether these inefficiencies are temporary integration hurdles or structural realities of managing a complex, multi-segment manufacturing footprint.
According to recent balance sheet filings, the current ratio has declined from 3.78 in 2024Q4 to 2.37 in 2026Q4, signaling a rapid depletion of the company's immediate liquidity buffer as it navigates a post-spin environment with limited cash reserves of only $27.7 million.
While a current ratio of 2.37 remains technically adequate, the downward trend suggests that the company's ability to absorb operational shocks or fund strategic pivots is becoming increasingly constrained. This liquidity profile appears vulnerable, particularly given the company's reliance on non-cash equity earnings to support its bottom line.
As reported in financial statements, the 13.0% net margin in 2026Q4 is frequently misapplied by investors as a proxy for core profitability, when in reality, it is heavily inflated by equity earnings from unconsolidated affiliates like the WAVE joint venture.
Relying on net margin obscures the fact that the company's core operating margin is significantly lower, often in the mid-single digits. Analysts should instead focus on EBITDA excluding JV income to gain a clearer understanding of the underlying manufacturing business's true earning power and cyclical sensitivity.
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying WOR stock.
Worthington Industries, Inc.'s current P/E ratio is 17.2x. The historical average is 15.2x. This places it at the 86th percentile of its historical range.
Worthington Industries, Inc.'s current EV/EBITDA is 21.5x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 10.4x.
Worthington Industries, Inc.'s return on equity (ROE) is 15.9%. The historical average is 13.9%.
Based on historical data, Worthington Industries, Inc. is trading at a P/E of 17.2x. This is at the 86th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Worthington Industries, Inc.'s current dividend yield is 1.38% with a payout ratio of 23.6%.
Worthington Industries, Inc. has 27.4% gross margin and 6.0% operating margin.
Worthington Industries, Inc.'s Debt/EBITDA ratio is 2.5x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.