Clearfield, Inc. (CLFD) Key Metrics
CLFD valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $400.3M
- Enterprise value
- $331.1M
- P/E (TTM)
- 54.6 10-yr median 33.5
- Forward P/E
- 26.8
- PEG ratio
- —
- Price / sales
- 2.6 10-yr median 3.1
- Price / book
- 1.7 10-yr median 2.8
- EV / EBITDA
- 27.0 10-yr median 21.7
- Dividend yield
- —
- Beta
- 2.14
CLFD key metrics, FY2016–FY2025
Fiscal year ended September 30, 2025 · U.S. dollarsCLFD valuation Price multiples at each fiscal year-end price.
CLFD returns How much profit the business earns on the capital it uses.
CLFD per-share figures Results divided by the shares outstanding at year-end.
CLFD financial health Debt, liquidity and how easily interest is covered.
CLFD efficiency & capital use Working capital cycle and where the cash goes.
CLFD valuation history
CLFD returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
CLFD debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
CLFD cash returned to shareholders
CLFD price vs earnings per share
CLFD key metrics
FY2016–FY2025| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $481.0M | $568.1M | $430.3M | $1.46B | $608.6M | $275.2M | $159.4M | $180.9M | $185.8M | $256.9M |
| Enterprise value | $383.7M | $452.7M | $278.6M | $1.47B | $587.5M | $250.9M | $135.8M | $163.5M | $161.3M | $223.3M |
| P/E ratio | — | — | 13.2 | 29.5 | 29.9 | 37.7 | 34.9 | 42.3 | 48.3 | 32.1 |
| Price / sales | 3.2 | 3.4 | 1.9 | 5.4 | 4.3 | 3.0 | 1.9 | 2.3 | 2.5 | 3.4 |
| Price / book | 1.9 | 2.1 | 1.4 | 9.9 | 5.9 | 3.3 | 2.1 | 2.6 | 2.9 | 4.1 |
| Price / free cash flow | 19.5 | 44.9 | 37.0 | — | 68.7 | 56.7 | 13.0 | 53.9 | 43.4 | 25.9 |
| Price / operating cash flow | 16.3 | 25.6 | 21.5 | — | 55.8 | 41.3 | 10.8 | 39.8 | 29.5 | 22.2 |
| EV / sales | 2.6 | 2.7 | 1.2 | 5.4 | 4.2 | 2.7 | 1.6 | 2.1 | 2.2 | 3.0 |
| EV / EBITDA | 25.9 | — | 5.7 | 21.9 | 21.0 | 21.7 | 16.8 | 23.0 | 23.3 | 18.3 |
| EV / free cash flow | 15.5 | 35.8 | 24.0 | — | 66.3 | 51.7 | 11.1 | 48.7 | 37.7 | 22.5 |
| Earnings yield | −1.7% | −2.2% | 7.6% | 3.4% | 3.3% | 2.7% | 2.9% | 2.4% | 2.1% | 3.1% |
| Free cash flow yield | 5.1% | 2.2% | 2.7% | −0.6% | 1.5% | 1.8% | 7.7% | 1.9% | 2.3% | 3.9% |
| Dividend yield | — | — | 0.4% | 1.1% | — | — | — | 0.0% | 0.0% | 0.0% |
| Shareholder yield (dividends + buybacks) | 3.5% | 6.0% | 0.6% | 1.2% | 0.1% | 0.2% | 0.3% | 1.0% | 2.0% | 0.1% |
| Share price at fiscal year-end | $34.38 | $38.96 | $28.66 | $104.64 | $44.15 | $20.17 | $11.85 | $13.45 | $13.60 | $18.80 |
| Per share | ||||||||||
| Revenue per share | $10.73 | $11.43 | $15.04 | $19.48 | $10.21 | $6.82 | $6.32 | $5.77 | $5.41 | $5.51 |
| Earnings per share | −$0.58 | −$0.85 | $2.17 | $3.55 | $1.47 | $0.53 | $0.34 | $0.32 | $0.28 | $0.59 |
| Operating cash flow per share | $2.11 | $1.52 | $1.33 | $0.07 | $0.79 | $0.49 | $1.10 | $0.34 | $0.46 | $0.85 |
| Free cash flow per share | $1.77 | $0.87 | $0.77 | −$0.59 | $0.64 | $0.36 | $0.91 | $0.25 | $0.31 | $0.73 |
| Cash per share | $7.58 | $8.84 | $11.20 | $1.61 | $1.71 | $1.98 | $1.75 | $1.30 | $1.79 | $2.45 |
| Book value per share | $18.31 | $18.91 | $20.99 | $10.61 | $7.53 | $6.07 | $5.57 | $5.12 | $4.72 | $4.58 |
| Tangible book value per share | $17.31 | $18.27 | $20.15 | $9.69 | $6.85 | $5.37 | $4.84 | $4.36 | $4.51 | $4.20 |
| Dividends per share | — | — | $0.10 | $1.20 | — | — | — | $0.00 | $0.00 | $0.00 |
| Capex per share | $0.34 | $0.66 | $0.56 | $0.66 | $0.15 | $0.13 | $0.19 | $0.09 | $0.15 | $0.12 |
| Debt per share | $0.63 | $0.93 | $1.10 | $2.65 | $0.18 | $0.20 | — | $0.00 | $0.00 | $0.00 |
| Shares outstanding | 14.0M | 14.6M | 15.0M | 13.9M | 13.8M | 13.6M | 13.5M | 13.5M | 13.7M | 13.7M |
| Change in shares outstanding | −4.1% | −2.9% | +8.0% | +0.9% | +1.0% | +1.4% | −0.0% | −1.5% | −0.0% | +0.6% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | −3.0% | −4.2% | 14.1% | 39.3% | 21.8% | 9.2% | 6.4% | 6.4% | 6.1% | 14.1% |
| Return on invested capital (ROIC) | 1.0% | −11.3% | 18.3% | 40.3% | 28.2% | 12.2% | 7.8% | 8.6% | 10.6% | 29.1% |
| Return on assets (ROA) | −2.6% | −3.7% | 11.1% | 27.8% | 18.4% | 8.2% | 5.8% | 5.9% | 5.5% | 12.5% |
| Return on tangible assets | −2.8% | −4.1% | 9.5% | 22.8% | 17.4% | 8.5% | 6.3% | 6.7% | 5.8% | 12.2% |
| Free cash flow margin | 16.5% | 7.6% | 5.2% | −3.0% | 6.3% | 5.2% | 14.4% | 4.3% | 5.8% | 13.2% |
| Income quality (OCF / net income) | — | — | 0.62 | 0.02 | 0.54 | 0.91 | 3.23 | 1.06 | 1.64 | 1.44 |
| Financial health | ||||||||||
| Total debt | $8.8M | $13.5M | $16.5M | $36.9M | $2.5M | $2.8M | — | $0 | $0 | $0 |
| Cash & short-term investments | $106.0M | $129.0M | $168.1M | $22.5M | $23.6M | $27.0M | $23.6M | $17.5M | $24.5M | $33.5M |
| Net debt | −$97.2M | −$115.5M | −$151.6M | $14.4M | −$21.1M | −$24.2M | −$23.6M | −$17.5M | −$24.5M | −$33.5M |
| Debt / equity | 0.03 | 0.05 | 0.05 | 0.25 | 0.02 | 0.03 | — | 0.00 | 0.00 | 0.00 |
| Debt / assets | 0.03 | 0.04 | 0.05 | 0.16 | 0.02 | 0.03 | — | 0.00 | 0.00 | 0.00 |
| Net debt / EBITDA | −6.57 | — | −3.11 | 0.21 | −0.75 | −2.09 | −2.91 | −2.46 | −3.53 | −2.75 |
| Current ratio | 5.42 | 9.43 | 10.21 | 3.10 | 3.49 | 5.04 | 6.43 | 8.25 | 9.70 | 6.96 |
| Quick ratio | 4.27 | 7.12 | 6.83 | 1.51 | 2.15 | 3.66 | 5.07 | 6.23 | 7.70 | 5.82 |
| Interest coverage | — | -45.9 | 221.0 | 205.2 | 50.5 | 10.9 | 7.0 | 11.1 | 19.4 | 68.2 |
| Working capital | $161.9M | $205.2M | $267.3M | $108.4M | $51.0M | $42.1M | $35.9M | $36.1M | $36.9M | $43.8M |
| Invested capital | $158.9M | $160.3M | $163.5M | $162.0M | $82.8M | $58.5M | $51.3M | $51.4M | $40.1M | $29.1M |
| Tangible asset value | $242.1M | $266.4M | $302.5M | $134.8M | $94.4M | $73.2M | $65.1M | $58.7M | $61.7M | $57.5M |
| Net current asset value | $148.5M | $190.1M | $255.9M | $78.6M | $49.4M | $40.0M | $35.6M | $35.7M | $36.2M | $43.1M |
| Graham number | — | — | $31.99 | $29.11 | $15.81 | $8.54 | $6.52 | $6.05 | $5.47 | $7.77 |
| Graham net-net per share | $6.47 | $8.77 | $13.19 | $1.60 | $2.17 | $2.17 | $2.08 | $1.99 | $2.13 | $2.61 |
| Capital allocation | ||||||||||
| Dividends paid | — | — | $1.6M | $16.7M | — | — | — | $0 | $0 | $0 |
| Share buybacks (net) | $16.7M | $33.9M | $1.2M | $1.4M | $462,000 | $428,654 | $553,165 | $1.8M | $3.6M | $333,761 |
| Dividend payout ratio | — | — | 4.8% | 33.8% | — | — | — | 0.0% | 0.0% | 0.0% |
| Dividends + buybacks / free cash flow | 67.4% | 267.6% | 24.0% | — | 5.2% | 8.8% | 4.5% | 52.4% | 85.3% | 3.4% |
| Capex / revenue | 3.2% | 5.7% | 3.7% | 3.4% | 1.5% | 1.9% | 3.0% | 1.5% | 2.7% | 2.2% |
| Capex / operating cash flow | 16.1% | 43.0% | 41.9% | 913.9% | 18.8% | 27.1% | 17.0% | 26.2% | 32.1% | 14.1% |
| Capex / depreciation | 0.77 | 1.61 | 1.38 | 2.68 | 0.89 | 0.75 | 1.15 | 0.58 | 1.25 | 1.12 |
| Stock-based compensation / revenue | 3.1% | 2.8% | 1.6% | 0.9% | 0.9% | 0.8% | 2.0% | 2.6% | 3.1% | 1.9% |
| R&D / revenue | 1.6% | 1.8% | 1.4% | 0.3% | 0.9% | 1.4% | 1.3% | 1.0% | 1.2% | 1.1% |
| SG&A / revenue | 32.3% | 31.3% | 21.3% | 18.1% | 25.5% | 31.7% | 32.3% | 33.4% | 33.7% | 29.4% |
| Efficiency | ||||||||||
| Days sales outstanding | 38.7 | 46.2 | 66.4 | 49.3 | 38.8 | 38.5 | 47.1 | 47.1 | 37.6 | 34.0 |
| Days of inventory on hand | 179.8 | 204.1 | 225.5 | 126.8 | 96.2 | 77.5 | 66.5 | 72.4 | 70.3 | 66.9 |
| Days payables outstanding | 18.0 | 15.5 | 41.3 | 38.5 | 29.6 | 22.7 | 19.3 | 16.1 | 18.0 | 21.2 |
| Cash conversion cycle (days) | 200.5 | 234.9 | 250.6 | 137.6 | 105.4 | 93.2 | 94.2 | 103.5 | 89.9 | 79.7 |
| Receivables turnover | 9.43 | 7.89 | 5.50 | 7.41 | 9.40 | 9.49 | 7.75 | 7.74 | 9.71 | 10.75 |
| Payables turnover | 20.30 | 23.61 | 8.84 | 9.48 | 12.33 | 16.07 | 18.91 | 22.74 | 20.26 | 17.20 |
| Inventory turnover | 2.03 | 1.79 | 1.62 | 2.88 | 3.80 | 4.71 | 5.49 | 5.04 | 5.19 | 5.45 |
| Asset turnover | 0.48 | 0.50 | 0.77 | 1.53 | 1.27 | 1.05 | 1.09 | 1.08 | 1.06 | 1.17 |
| Average receivables | $15.9M | $21.1M | $41.0M | $36.6M | $15.0M | $9.8M | $11.0M | $10.0M | $7.6M | $7.0M |
| Average payables | $4.9M | $5.8M | $16.5M | $16.7M | $6.5M | $3.4M | $2.8M | $2.1M | $2.2M | $2.5M |
| Average inventory | $49.1M | $77.1M | $90.1M | $54.9M | $21.0M | $11.7M | $9.5M | $9.3M | $8.4M | $7.8M |
| Intangibles / total assets | 4.6% | 3.0% | 3.5% | 5.6% | 7.5% | 10.0% | 12.0% | 13.7% | 4.1% | 7.3% |
Computed from CLFD's annual financial statements (latest annual report filed November 25, 2025) 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.
CLFD valuation and financial ratios
Based on the latest twelve months, the trailing P/E is 54.6 and the forward P/E is 26.8. Clearfield earned a return on equity of −3.0% and a return on invested capital of 1.0% in fiscal 2025. It ended the year with $8.8 million of debt and $106.0 million in cash and short-term investments, a net cash position of $97.2 million. It returned $16.7 million to shareholders: $0 in dividends and $16.7 million in share buybacks, 67% of free cash flow.
See the CLFD income statement, the CLFD chart for price history, or the CLFD stock overview for the latest quote and news.
CLFD key metrics FAQ
What is Clearfield's P/E ratio?
Clearfield's trailing P/E ratio is 54.6 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 26.8. At the end of fiscal 2025 it was —, compared with a 10-year median of 33.5.
What is Clearfield's EV/EBITDA?
Clearfield's enterprise value was 25.9 times EBITDA at the end of fiscal 2025 (enterprise value $383.7 million, EBITDA $14.8 million); the current EV/EBITDA is 27.0.
What is Clearfield's return on equity?
Clearfield's return on equity (ROE) was −3.0% in fiscal 2025: net income of -$8.1 million on average shareholders' equity of $266.0 million.
What is Clearfield's ROIC?
Clearfield's return on invested capital was 1.0% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Clearfield have?
Clearfield had total debt of $8.8 million at the end of fiscal 2025, a debt-to-equity ratio of 0.03 and more cash than debt.
Does Clearfield buy back its shares?
Yes. Clearfield spent $16.7 million on net share repurchases in fiscal 2025 Shares outstanding changed −4.1% over the year, to 14.0M..
What is Clearfield's free cash flow yield?
Clearfield generated $24.7 million of free cash flow in fiscal 2025, a free cash flow yield of 5.1% on its market value at year-end ($481.0 million).
What is Clearfield's current ratio?
Clearfield's current ratio was 5.42 at the end of fiscal 2025: current assets were 5.42 times current liabilities.