Bel Fuse Inc. (BELFA) Key Metrics
BELFA valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $2.43B
- Enterprise value
- $3.29B
- P/E (TTM)
- 41.1
- Forward P/E
- 21.2
- PEG ratio
- 1.41
- Price / sales
- 3.3
- Price / book
- 3.2
- EV / EBITDA
- 25.1
- Dividend yield
- 0.02% $0.24 a year
- Beta
- 1.37
BELFA key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsBELFA returns How much profit the business earns on the capital it uses.
BELFA financial health Debt, liquidity and how easily interest is covered.
BELFA efficiency & capital use Working capital cycle and where the cash goes.
BELFA returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
BELFA debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
BELFA cash returned to shareholders
BELFA key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Share price at fiscal year-end | $151.80 | $90.08 | $64.64 | $32.19 | $15.00 | $13.28 | $16.20 | $13.75 | $21.82 | $25.31 |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 15.7% | 11.7% | 24.5% | 22.4% | 12.6% | 7.2% | −5.1% | 12.4% | −7.5% | −33.1% |
| Return on invested capital (ROIC) | 14.0% | 11.3% | 25.7% | 19.6% | 11.1% | 7.6% | 2.5% | 11.6% | 3.7% | −21.5% |
| Return on assets (ROA) | 6.5% | 5.4% | 13.0% | 9.8% | 5.1% | 2.8% | −1.9% | 4.7% | −2.8% | −12.8% |
| Return on tangible assets | 12.2% | 8.0% | 14.9% | 10.9% | 5.9% | 3.5% | −2.3% | 5.7% | −3.5% | −19.4% |
| Free cash flow margin | 10.1% | 11.2% | 15.0% | 4.8% | −0.9% | 8.7% | 3.0% | −0.3% | 3.6% | 6.1% |
| Income quality (OCF / net income) | 1.30 | 1.81 | 1.47 | 0.76 | 0.19 | 3.60 | — | 0.49 | — | — |
| Financial health | ||||||||||
| Total debt | $221.4M | $318.2M | $82.1M | $118.7M | $134.0M | $130.2M | $162.8M | $114.2M | $122.7M | $141.2M |
| Cash & short-term investments | $57.8M | $69.2M | $126.9M | $70.3M | $61.8M | $84.9M | $72.3M | $53.9M | $69.4M | $73.4M |
| Net debt | $163.6M | $249.0M | −$44.8M | $48.4M | $72.3M | $45.3M | $90.5M | $60.3M | $53.3M | $67.8M |
| Debt / equity | 0.52 | 0.88 | 0.24 | 0.45 | 0.64 | 0.70 | 0.97 | 0.65 | 0.78 | 0.89 |
| Debt / assets | 0.24 | 0.34 | 0.14 | 0.21 | 0.26 | 0.29 | 0.35 | 0.26 | 0.28 | 0.33 |
| Net debt / EBITDA | 1.20 | 3.02 | −0.45 | 0.63 | 1.51 | 1.36 | 6.19 | 1.36 | 1.33 | — |
| Current ratio | 3.02 | 2.92 | 3.45 | 2.80 | 2.94 | 3.20 | 3.14 | 2.74 | 3.05 | 2.77 |
| Quick ratio | 1.71 | 1.66 | 2.21 | 1.53 | 1.69 | 2.06 | 1.95 | 1.61 | 1.81 | 1.70 |
| Interest coverage | 7.3 | 15.8 | 30.9 | 19.3 | 8.8 | 3.9 | 1.4 | 5.6 | 2.4 | -11.5 |
| Working capital | $257.3M | $245.5M | $270.9M | $245.1M | $217.0M | $192.7M | $193.0M | $184.5M | $178.8M | $163.1M |
| Invested capital | $589.1M | $609.6M | $295.7M | $310.7M | $281.0M | $231.1M | $258.6M | $236.8M | $211.3M | $226.3M |
| Tangible asset value | $85.9M | $1.2M | $264.5M | $183.1M | $121.1M | $96.0M | $73.7M | $94.0M | $68.4M | $65.7M |
| Net current asset value | −$31.8M | −$135.1M | $150.4M | $83.3M | $25.9M | $12.1M | −$17.7M | $23.5M | −$7.2M | −$12.9M |
| Capital allocation | ||||||||||
| Dividends paid | $3.5M | $3.5M | $3.5M | $3.4M | $3.4M | $3.4M | $3.4M | $3.3M | $3.3M | $3.2M |
| Share buybacks (net) | $0 | $16.1M | $105,000 | $349,000 | $0 | $0 | $448,000 | $0 | $0 | $0 |
| Dividend payout ratio | 5.6% | 8.4% | 4.7% | 6.5% | 13.6% | 26.3% | — | 15.9% | — | — |
| Dividends + buybacks / free cash flow | 5.1% | 32.5% | 3.7% | 12.0% | — | 8.3% | 26.1% | — | 18.5% | 10.7% |
| Capex / revenue | 1.8% | 2.6% | 1.9% | 1.3% | 1.7% | 1.2% | 2.0% | 2.1% | 1.3% | 1.6% |
| Capex / operating cash flow | 15.0% | 19.0% | 11.2% | 21.9% | 202.9% | 11.9% | 40.5% | 114.8% | 26.6% | 21.3% |
| Capex / depreciation | 0.45 | 0.86 | 0.91 | 0.59 | 0.56 | 0.33 | 0.60 | 0.64 | 0.31 | 0.38 |
| Stock-based compensation / revenue | 1.0% | 0.7% | 0.5% | 0.4% | 0.4% | 0.5% | 0.6% | 0.5% | 0.6% | 0.6% |
| R&D / revenue | 4.6% | 4.4% | 3.5% | 3.1% | 4.0% | 5.1% | 5.5% | 5.4% | 5.9% | 5.3% |
| SG&A / revenue | 18.6% | 20.7% | 15.5% | 14.1% | 15.9% | 16.9% | 15.4% | 14.6% | 17.3% | 14.2% |
| Efficiency | ||||||||||
| Days sales outstanding | 66.9 | 72.8 | 63.4 | 67.2 | 67.5 | 69.7 | 74.2 | 62.1 | 56.9 | 58.6 |
| Days of inventory on hand | 145.9 | 163.5 | 133.0 | 120.9 | 106.8 | 109.4 | 108.7 | 94.8 | 96.8 | 90.0 |
| Days payables outstanding | 45.4 | 49.2 | 45.2 | 50.6 | 47.2 | 44.3 | 48.0 | 43.3 | 44.6 | 44.2 |
| Cash conversion cycle (days) | 167.5 | 187.1 | 151.3 | 137.5 | 127.1 | 134.8 | 134.9 | 113.6 | 109.1 | 104.4 |
| Receivables turnover | 5.46 | 5.01 | 5.75 | 5.43 | 5.41 | 5.24 | 4.92 | 5.88 | 6.42 | 6.23 |
| Payables turnover | 8.05 | 7.42 | 8.07 | 7.21 | 7.74 | 8.24 | 7.61 | 8.42 | 8.19 | 8.25 |
| Inventory turnover | 2.50 | 2.23 | 2.74 | 3.02 | 3.42 | 3.34 | 3.36 | 3.85 | 3.77 | 4.06 |
| Asset turnover | 0.72 | 0.70 | 1.13 | 1.22 | 1.13 | 1.01 | 1.08 | 1.25 | 1.15 | 0.99 |
| Average receivables | $123.8M | $106.6M | $111.2M | $120.5M | $100.5M | $89.0M | $100.1M | $93.3M | $76.6M | $80.3M |
| Average payables | $51.1M | $44.8M | $52.5M | $65.3M | $52.9M | $42.0M | $50.2M | $52.1M | $47.6M | $48.5M |
| Average inventory | $164.3M | $149.0M | $154.5M | $155.9M | $119.8M | $103.7M | $113.7M | $113.9M | $103.3M | $98.7M |
| Intangibles / total assets | 46.3% | 46.3% | 13.3% | 14.1% | 17.1% | 19.8% | 20.1% | 18.6% | 20.8% | 21.7% |
Computed from BELFA's annual financial statements (latest annual report filed February 24, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
BELFA valuation and financial ratios
Based on the latest twelve months, the trailing P/E is 41.1 and the forward P/E is 21.2. Bel Fuse earned a return on equity of 15.7% and a return on invested capital of 14.0% in fiscal 2025. It ended the year with $221.4 million of debt and $57.8 million in cash and short-term investments, net debt of $163.6 million. It returned $3.5 million to shareholders: $3.5 million in dividends and $0 in share buybacks, 5% of free cash flow.
See the BELFA income statement, the BELFA chart for price history, or the BELFA stock overview for the latest quote and news.
BELFA key metrics FAQ
What is Bel Fuse's P/E ratio?
Bel Fuse's trailing P/E ratio is 41.1 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 21.2. At the end of fiscal 2025 it was —.
What is Bel Fuse's return on equity?
Bel Fuse's return on equity (ROE) was 15.7% in fiscal 2025: net income of $61.5 million on average shareholders' equity of $393.0 million.
What is Bel Fuse's ROIC?
Bel Fuse's return on invested capital was 14.0% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Bel Fuse have?
Bel Fuse had total debt of $221.4 million at the end of fiscal 2025, a debt-to-equity ratio of 0.52 and $163.6 million of net debt (1.20 times EBITDA).
What is Bel Fuse's current ratio?
Bel Fuse's current ratio was 3.02 at the end of fiscal 2025: current assets were 3.02 times current liabilities.