Century Aluminum Company (CENX) Key Metrics
CENX valuation today
Trailing 12 months · as of October 17, 2026- Market cap
- $3.47B
- Enterprise value
- $3.98B
- P/E (TTM)
- 6.1 10-yr median 35.6
- Forward P/E
- 6.5
- PEG ratio
- 0.06
- Price / sales
- 1.3 10-yr median 0.6
- Price / book
- 2.7 10-yr median 2.0
- EV / EBITDA
- 5.6 10-yr median 21.0
- Dividend yield
- —
- Beta
- 2.08
CENX key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsCENX valuation Price multiples at each fiscal year-end price.
CENX returns How much profit the business earns on the capital it uses.
CENX per-share figures Results divided by the shares outstanding at year-end.
CENX financial health Debt, liquidity and how easily interest is covered.
CENX efficiency & capital use Working capital cycle and where the cash goes.
CENX valuation history
CENX returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
CENX debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
CENX cash returned to shareholders
CENX price vs earnings per share
CENX key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $3.73B | $1.79B | $1.12B | $747.7M | $1.49B | $987.2M | $667.3M | $640.4M | $1.73B | $745.3M |
| Enterprise value | $4.15B | $2.28B | $1.51B | $1.24B | $1.94B | $1.25B | $932.2M | $881.2M | $1.82B | $868.4M |
| P/E ratio | 89.3 | 5.3 | — | — | — | — | — | — | 35.6 | — |
| Price / sales | 1.5 | 0.8 | 0.5 | 0.3 | 0.7 | 0.6 | 0.4 | 0.3 | 1.1 | 0.6 |
| Price / book | 4.5 | 2.6 | 3.2 | 1.9 | 3.5 | 1.8 | 1.0 | 0.8 | 2.1 | 1.0 |
| Price / free cash flow | 44.0 | — | 105.8 | — | — | 33.5 | — | — | 108.2 | 45.9 |
| Price / operating cash flow | 20.3 | — | 10.6 | 28.9 | — | 23.0 | 37.7 | — | 45.6 | 19.5 |
| EV / sales | 1.6 | 1.0 | 0.7 | 0.4 | 0.9 | 0.8 | 0.5 | 0.5 | 1.1 | 0.7 |
| EV / EBITDA | 29.2 | 5.1 | 34.7 | 9.1 | — | — | 40.9 | 21.0 | 10.8 | — |
| EV / free cash flow | 48.9 | — | 142.1 | — | — | 42.2 | — | — | 113.8 | 53.5 |
| Earnings yield | 1.1% | 18.8% | −3.8% | −1.9% | −11.2% | −12.5% | −12.1% | −10.3% | 2.8% | −33.9% |
| Free cash flow yield | 2.3% | −6.0% | 0.9% | −8.1% | −9.9% | 3.0% | −6.3% | −23.8% | 0.9% | 2.2% |
| Dividend yield | — | — | — | — | — | — | — | — | 0.0% | 0.0% |
| Shareholder yield (dividends + buybacks) | 0.1% | 0.0% | 0.0% | — | — | — | 0.0% | 0.0% | 0.0% | 0.0% |
| Share price at fiscal year-end | $39.18 | $18.22 | $12.14 | $8.18 | $16.56 | $11.03 | $7.51 | $7.31 | $19.64 | $8.56 |
| Per share | ||||||||||
| Revenue per share | $26.53 | $22.56 | $23.65 | $30.39 | $24.53 | $17.93 | $20.68 | $21.61 | $18.05 | $15.15 |
| Earnings per share | $0.44 | $3.42 | −$0.47 | −$0.15 | −$1.85 | −$1.38 | −$0.91 | −$0.76 | $0.55 | −$2.90 |
| Operating cash flow per share | $1.93 | −$0.25 | $1.14 | $0.28 | −$0.72 | $0.48 | $0.20 | −$0.79 | $0.43 | $0.44 |
| Free cash flow per share | $0.89 | −$1.09 | $0.11 | −$0.66 | −$1.64 | $0.33 | −$0.47 | −$1.74 | $0.18 | $0.19 |
| Cash per share | $1.42 | $0.33 | $0.96 | $0.59 | $0.32 | $0.91 | $0.44 | $0.44 | $1.90 | $1.52 |
| Book value per share | $8.66 | $7.06 | $3.85 | $4.37 | $4.67 | $6.10 | $7.60 | $8.70 | $9.43 | $8.69 |
| Tangible book value per share | $8.66 | $7.06 | $3.85 | $4.37 | $4.67 | $6.10 | $7.60 | $8.70 | $9.43 | $8.69 |
| Dividends per share | — | — | — | — | — | — | — | — | $0.00 | $0.00 |
| Capex per share | $1.04 | $0.84 | $1.03 | $0.94 | $0.92 | $0.15 | $0.67 | $0.95 | $0.25 | $0.25 |
| Debt per share | $5.75 | $5.28 | $5.13 | $6.00 | $5.26 | $3.80 | $3.42 | $3.19 | $2.91 | $2.93 |
| Shares outstanding | 95.3M | 98.4M | 92.4M | 91.4M | 90.2M | 89.5M | 88.8M | 87.6M | 88.0M | 87.1M |
| Change in shares outstanding | −3.2% | +6.5% | +1.1% | +1.3% | +0.8% | +0.8% | +1.4% | −0.5% | +1.1% | −0.4% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 5.5% | 64.2% | −11.4% | −3.4% | −34.6% | −20.2% | −11.2% | −8.3% | 6.1% | −28.4% |
| Return on invested capital (ROIC) | 13.1% | 12.5% | 3.1% | −8.5% | 6.2% | −7.3% | −5.9% | −4.9% | 9.0% | −18.2% |
| Return on assets (ROA) | 2.0% | 17.8% | −2.6% | −0.9% | −11.3% | −8.5% | −5.3% | −4.2% | 3.1% | −15.3% |
| Return on tangible assets | 1.8% | 17.4% | −2.3% | −1.0% | −10.6% | −8.8% | −5.4% | −4.3% | 3.1% | −16.4% |
| Free cash flow margin | 3.4% | −4.8% | 0.5% | −2.2% | −6.7% | 1.8% | −2.3% | −8.0% | 1.0% | 1.2% |
| Income quality (OCF / net income) | 4.39 | −0.07 | — | — | — | — | — | — | 0.78 | — |
| Financial health | ||||||||||
| Total debt | $548.3M | $519.2M | $473.7M | $548.6M | $474.1M | $340.2M | $303.8M | $279.7M | $256.0M | $255.5M |
| Cash & short-term investments | $135.6M | $32.9M | $88.8M | $54.3M | $29.0M | $81.6M | $38.9M | $38.9M | $167.2M | $132.4M |
| Net debt | $412.7M | $486.3M | $384.9M | $494.3M | $445.1M | $258.6M | $264.9M | $240.8M | $88.8M | $123.1M |
| Debt / equity | 0.66 | 0.75 | 1.33 | 1.37 | 1.13 | 0.62 | 0.45 | 0.37 | 0.31 | 0.34 |
| Debt / assets | 0.24 | 0.27 | 0.26 | 0.37 | 0.30 | 0.24 | 0.20 | 0.18 | 0.16 | 0.17 |
| Net debt / EBITDA | 2.90 | 1.08 | 8.87 | 3.63 | — | — | 11.62 | 5.75 | 0.53 | — |
| Current ratio | 1.97 | 1.73 | 1.01 | 1.65 | 1.13 | 1.90 | 2.09 | 2.26 | 2.91 | 2.46 |
| Quick ratio | 0.98 | 0.57 | 0.38 | 0.68 | 0.35 | 0.69 | 0.71 | 0.73 | 1.24 | 1.16 |
| Interest coverage | 3.3 | 2.8 | 0.9 | -5.1 | 2.2 | -2.5 | -2.9 | -2.6 | 4.2 | -10.5 |
| Working capital | $507.7M | $339.1M | $4.1M | $267.1M | $70.8M | $215.7M | $253.6M | $282.4M | $363.2M | $261.5M |
| Invested capital | $1.24B | $1.18B | $740.5M | $893.6M | $866.1M | $804.7M | $939.9M | $1.00B | $918.4M | $879.8M |
| Tangible asset value | $940.6M | $662.7M | $344.1M | $399.3M | $421.0M | $546.1M | $675.0M | $762.2M | $829.6M | $756.7M |
| Net current asset value | −$308.3M | −$473.9M | −$735.3M | −$394.9M | −$530.7M | −$397.5M | −$337.4M | −$268.6M | −$198.3M | −$343.1M |
| Graham number | $9.25 | $23.31 | — | — | — | — | — | — | $10.82 | — |
| Graham net-net per share | −$7.15 | −$8.41 | −$11.34 | −$8.37 | −$9.32 | −$6.48 | −$6.20 | −$5.54 | −$4.38 | −$5.89 |
| Capital allocation | ||||||||||
| Dividends paid | — | — | — | — | — | — | — | — | $0 | $0 |
| Share buybacks (net) | $4.7M | $0 | $0 | — | — | — | $0 | $0 | $0 | $0 |
| Dividend payout ratio | — | — | — | — | — | — | — | — | 0.0% | — |
| Dividends + buybacks / free cash flow | 5.5% | — | 0.0% | — | — | — | — | — | 0.0% | 0.0% |
| Capex / revenue | 3.9% | 3.7% | 4.3% | 3.1% | 3.8% | 0.8% | 3.2% | 4.4% | 1.4% | 1.7% |
| Capex / operating cash flow | 53.8% | — | 90.0% | 333.2% | — | 31.2% | 336.7% | — | 57.9% | 57.5% |
| Capex / depreciation | 1.08 | 1.01 | 1.27 | 1.18 | 1.00 | 0.16 | 0.72 | 0.92 | 0.26 | 0.26 |
| Stock-based compensation / revenue | 1.9% | 0.7% | 0.3% | −0.0% | 0.9% | 0.6% | 0.4% | 0.2% | 0.1% | 0.1% |
| SG&A / revenue | 3.2% | 2.6% | 2.0% | 1.4% | 2.6% | 2.7% | 2.6% | 2.1% | 2.9% | 3.1% |
| Efficiency | ||||||||||
| Days sales outstanding | 39.4 | 30.0 | 20.1 | 10.6 | 12.4 | 18.4 | 20.4 | 15.3 | 9.5 | 7.7 |
| Days of inventory on hand | 85.1 | 91.1 | 76.3 | 55.1 | 62.6 | 68.0 | 65.2 | 63.0 | 68.9 | 63.9 |
| Days payables outstanding | 30.1 | 39.2 | 36.3 | 23.6 | 25.6 | 22.6 | 21.2 | 21.1 | 24.6 | 25.4 |
| Cash conversion cycle (days) | 94.4 | 81.9 | 60.1 | 42.0 | 49.5 | 63.8 | 64.3 | 57.2 | 53.7 | 46.2 |
| Receivables turnover | 9.26 | 12.17 | 18.13 | 34.59 | 29.46 | 19.88 | 17.88 | 23.86 | 38.48 | 47.13 |
| Payables turnover | 12.13 | 9.32 | 10.05 | 15.44 | 14.27 | 16.16 | 17.19 | 17.30 | 14.82 | 14.35 |
| Inventory turnover | 4.29 | 4.01 | 4.78 | 6.62 | 5.83 | 5.37 | 5.60 | 5.80 | 5.30 | 5.72 |
| Asset turnover | 1.20 | 1.17 | 1.32 | 1.83 | 1.49 | 1.11 | 1.21 | 1.21 | 1.02 | 0.80 |
| Average receivables | $272.9M | $182.5M | $120.5M | $80.3M | $75.1M | $80.8M | $102.7M | $79.3M | $41.3M | $28.0M |
| Average payables | $187.2M | $218.4M | $208.4M | $176.9M | $146.3M | $101.6M | $108.2M | $110.8M | $98.5M | $92.7M |
| Average inventory | $529.3M | $508.0M | $437.9M | $412.2M | $358.4M | $305.9M | $332.2M | $330.6M | $275.5M | $232.7M |
| Intangibles / total assets | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Computed from CENX's annual financial statements (latest annual report filed March 3, 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.
CENX valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Century Aluminum traded at 89.3 times earnings, against a 10-year median of 35.6. Based on the latest twelve months, the trailing P/E is 6.1 and the forward P/E is 6.5. Century Aluminum earned a return on equity of 5.5% and a return on invested capital of 13.1% in fiscal 2025. It ended the year with $548.3 million of debt and $135.6 million in cash and short-term investments, net debt of $412.7 million. It returned $4.7 million to shareholders: $0 in dividends and $4.7 million in share buybacks, 6% of free cash flow. The share count rose 9.5% from 87.1M to 95.3M over 9 years.
See the CENX income statement, the CENX chart for price history, or the CENX stock overview for the latest quote and news.
CENX key metrics FAQ
What is Century Aluminum's P/E ratio?
Century Aluminum's trailing P/E ratio is 6.1 based on the last twelve months of earnings (as of October 17, 2026), and its forward P/E is 6.5. At the end of fiscal 2025 it was 89.3, compared with a 10-year median of 35.6.
What is Century Aluminum's EV/EBITDA?
Century Aluminum's enterprise value was 29.2 times EBITDA at the end of fiscal 2025 (enterprise value $4.1 billion, EBITDA $142.2 million); the current EV/EBITDA is 5.6.
What is Century Aluminum's return on equity?
Century Aluminum's return on equity (ROE) was 5.5% in fiscal 2025: net income of $41.8 million on average shareholders' equity of $760.0 million.
What is Century Aluminum's ROIC?
Century Aluminum's return on invested capital was 13.1% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Century Aluminum have?
Century Aluminum had total debt of $548.3 million at the end of fiscal 2025, a debt-to-equity ratio of 0.66 and $412.7 million of net debt (2.90 times EBITDA).
Does Century Aluminum buy back its shares?
Yes. Century Aluminum spent $4.7 million on net share repurchases in fiscal 2025 Shares outstanding changed −3.2% over the year, to 95.3M..
What is Century Aluminum's free cash flow yield?
Century Aluminum generated $84.8 million of free cash flow in fiscal 2025, a free cash flow yield of 2.3% on its market value at year-end ($3.7 billion).
What is Century Aluminum's current ratio?
Century Aluminum's current ratio was 1.97 at the end of fiscal 2025: current assets were 1.97 times current liabilities.