Latest Ratios: P/E Ratio 27.0x · EV/EBITDA 17.8x · ROE 20.1%. (2003–2025 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 | $1.4B | $1.1B | $1.5B | $1.7B | $1.9B | $1.4B | $405M | — | — | — |
| Enterprise Value | $1.4B | $1.4B | $1.1B | $1.5B | $1.7B | $1.9B | $1.4B | $399M | — | — | — |
| P/E Ratio → | 27.05 | 26.98 | 24.21 | 28.19 | 40.04 | 59.89 | 78.12 | 28.73 | — | — | — |
| P/S Ratio | 2.90 | 2.90 | 2.63 | 3.76 | 5.12 | 7.27 | 8.96 | 3.11 | — | — | — |
| P/B Ratio | 4.86 | 4.84 | 4.90 | 8.27 | 13.30 | 22.32 | 26.67 | 11.59 | — | — | — |
| P/FCF | 21.95 | 21.96 | 26.86 | 50.04 | 663.18 | 178.22 | 87.29 | 46.38 | — | — | — |
| P/OCF | 20.64 | 20.64 | 23.09 | 39.81 | 137.56 | 103.21 | 77.10 | 36.89 | — | — | — |
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 | — | 2.84 | 2.62 | 3.82 | 5.22 | 7.38 | 8.85 | 3.07 | — | — | — |
| EV / EBITDA | 17.83 | 17.83 | 15.57 | 19.76 | 27.40 | 43.01 | 54.95 | 21.24 | — | — | — |
| EV / EBIT | 21.60 | 21.10 | 19.09 | 22.48 | 31.71 | 48.16 | 61.02 | 23.40 | — | — | — |
| EV / FCF | — | 21.51 | 26.83 | 50.86 | 676.79 | 180.93 | 86.25 | 45.74 | — | — | — |
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 | 42.2% | 42.2% | 42.2% | 41.0% | 39.4% | 35.7% | 34.0% | 33.5% | 30.4% | 24.8% | 27.1% |
| Operating Margin | 13.2% | 13.2% | 14.1% | 16.9% | 16.6% | 15.5% | 14.7% | 13.2% | 10.8% | 3.3% | 6.3% |
| Net Profit Margin | 10.8% | 10.8% | 10.8% | 13.3% | 12.8% | 12.2% | 11.5% | 10.8% | 7.9% | 1.8% | 4.3% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 20.1% | 20.1% | 22.4% | 34.7% | 39.6% | 45.8% | 41.4% | 50.4% | 50.6% | 9.8% | 23.8% |
| ROA | 15.1% | 15.1% | 16.9% | 23.7% | 23.4% | 25.8% | 27.0% | 34.0% | 29.2% | 4.7% | 10.7% |
| ROIC | 19.5% | 19.5% | 20.7% | 27.7% | 29.8% | 40.2% | 53.3% | 53.7% | 53.9% | 12.1% | 19.6% |
| ROCE | 22.2% | 22.2% | 25.7% | 35.1% | 37.1% | 42.8% | 45.6% | 55.2% | 63.3% | 16.2% | 28.3% |
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 | 0.08 | 0.08 | 0.09 | 0.20 | 0.34 | 0.45 | 0.23 | 0.17 | 0.09 | 0.29 | 0.48 |
| Debt / EBITDA | 0.30 | 0.30 | 0.30 | 0.47 | 0.68 | 0.86 | 0.47 | 0.31 | 0.14 | 1.21 | 1.13 |
| Net Debt / Equity | — | -0.10 | -0.00 | 0.14 | 0.27 | 0.34 | -0.32 | -0.16 | -0.10 | 0.04 | 0.30 |
| Net Debt / EBITDA | -0.37 | -0.37 | -0.01 | 0.32 | 0.55 | 0.64 | -0.66 | -0.30 | -0.16 | 0.17 | 0.70 |
| Debt / FCF | — | -0.44 | -0.02 | 0.82 | 13.60 | 2.70 | -1.04 | -0.64 | -0.49 | 0.33 | 1.97 |
| Interest Coverage | 772.82 | 772.82 | 58.01 | 53.91 | 37.85 | 131.17 | 92.59 | 176.39 | 69.18 | 7.54 | 14.58 |
Net cash position: cash ($51M) exceeds total debt ($23M)
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 | 3.25 | 3.25 | 4.05 | 4.02 | 3.90 | 2.18 | 2.96 | 3.08 | 2.48 | 1.45 | 1.57 |
| Quick Ratio | 1.52 | 1.52 | 1.38 | 1.10 | 0.96 | 0.75 | 1.91 | 1.79 | 1.21 | 0.71 | 0.75 |
| Cash Ratio | 0.72 | 0.72 | 0.53 | 0.32 | 0.29 | 0.27 | 1.37 | 0.98 | 0.47 | 0.26 | 0.20 |
| Asset Turnover | — | 1.22 | 1.47 | 1.57 | 1.68 | 1.61 | 1.90 | 2.52 | 3.60 | 2.33 | 2.37 |
| Inventory Turnover | 2.24 | 2.24 | 2.19 | 2.20 | 2.44 | 3.21 | 4.69 | 5.71 | 7.08 | 5.02 | 4.84 |
| Days Sales Outstanding | — | 38.65 | 26.08 | 22.85 | 16.59 | 19.39 | 22.84 | 20.36 | 18.44 | 29.34 | 34.04 |
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 | 3.7% | 3.7% | 4.1% | 3.5% | 2.5% | 1.7% | 1.3% | 3.5% | — | — | — |
| FCF Yield | 4.6% | 4.6% | 3.7% | 2.0% | 0.2% | 0.6% | 1.1% | 2.2% | — | — | — |
| Buyback Yield | 0.2% | 0.2% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — | — | — |
| Total Shareholder Yield | 0.2% | 0.2% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — | — | — |
| Shares Outstanding | — | $28M | $28M | $28M | $28M | $28M | $28M | $28M | $28M | $27M | $26M |
Cyclical Automotive Demand Sensitivity
Based on current market data, XPEL trades at a forward P/E of 24.52, which suggests that investors are pricing in significant future growth despite the recent deceleration in top-line momentum observed in the most recent quarterly filings compared to historical performance.
The current valuation multiple appears to command a premium relative to mature industrial peers, implying that the market assigns significant value to the company's proprietary DAP software ecosystem. However, with a PEG ratio of 1.17, the valuation may be approaching a level where the margin of safety is thin if the company fails to sustain its historical growth trajectory.
According to reported financial statements, XPEL's ROIC has trended downward from 6.6% in 2024Q2 to 3.7% in 2026Q1, indicating that the company's recent capital allocation toward retail installation centers may be yielding lower returns than its historical, capital-light distribution model.
The compression in return on capital suggests that the shift toward vertical integration is increasing the asset base faster than it is generating incremental operating profit. Investors should monitor whether this trend represents a temporary investment phase or a permanent shift toward a more capital-intensive and lower-margin business model.
As reported in quarterly data, XPEL's cash conversion cycle has remained elevated, reaching 145 days in 2026Q1, primarily driven by high days inventory outstanding which has consistently hovered between 140 and 189 days over the last ten quarters.
The persistent reliance on high inventory levels suggests potential inefficiencies in supply chain management or a strategic decision to hold excess stock to mitigate delivery risks. This working capital intensity appears to be a structural drag on cash flow, limiting the company's ability to convert accounting profits into liquid assets.
Based on recent SEC filings, XPEL maintains a current ratio of 3.07 as of 2026Q1, which provides a substantial cushion against short-term operational volatility despite the observed fluctuations in working capital and the recent decline from the 4.81 peak seen in 2024Q1.
The company's liquidity position appears robust enough to navigate potential downturns in the automotive cycle without immediate reliance on external financing. However, the quality of this liquidity warrants investigation, as a significant portion of current assets is tied up in inventory rather than cash equivalents.
The P/E ratio is frequently misapplied to XPEL because it obscures the significant impact of non-cash goodwill amortization and the capital-intensive nature of the company's recent retail expansion, which can artificially depress earnings relative to the underlying cash-generating potential of the DAP software business.
Analysts should prioritize EV/EBITDA or free cash flow metrics to better capture the true operational performance of the business, as these measures are less sensitive to the accounting distortions inherent in the company's aggressive acquisition strategy. Relying solely on P/E may lead to an incomplete assessment of the company's ability to fund future growth internally.
Includes 30+ ratios · 23 years · Updated daily
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Quick answers to the most common questions about buying XPEL stock.
XPEL, Inc.'s current P/E ratio is 27.0x. The historical average is 40.9x. This places it at the 29th percentile of its historical range.
XPEL, Inc.'s current EV/EBITDA is 17.8x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 28.5x.
XPEL, Inc.'s return on equity (ROE) is 20.1%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 4.4%.
Based on historical data, XPEL, Inc. is trading at a P/E of 27.0x. This is at the 29th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
XPEL, Inc. has 42.2% gross margin and 13.2% operating margin. Operating margin between 10-20% is typical for established companies.
XPEL, Inc.'s Debt/EBITDA ratio is 0.3x, indicating low leverage. A ratio below 2x is generally considered financially healthy.