Carriage Services, Inc. (CSV) Key Metrics
CSV valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $574.9M
- Enterprise value
- $1.05B
- P/E (TTM)
- 12.9 10-yr median 21.6
- Forward P/E
- 8.6
- PEG ratio
- 0.57
- Price / sales
- 1.4 10-yr median 1.6
- Price / book
- 1.8 10-yr median 2.5
- EV / EBITDA
- 8.9 10-yr median 11.7
- Dividend yield
- 1.24% $0.45 a year
- Beta
- 0.79
CSV key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsCSV valuation Price multiples at each fiscal year-end price.
CSV returns How much profit the business earns on the capital it uses.
CSV per-share figures Results divided by the shares outstanding at year-end.
CSV financial health Debt, liquidity and how easily interest is covered.
CSV efficiency & capital use Working capital cycle and where the cash goes.
CSV valuation history
CSV returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
CSV debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
CSV cash returned to shareholders
CSV price vs earnings per share
CSV key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $661.3M | $615.4M | $386.5M | $432.7M | $1.18B | $566.2M | $460.9M | $284.8M | $455.5M | $500.1M |
| Enterprise value | $1.22B | $1.18B | $989.6M | $1.04B | $1.75B | $1.04B | $980.0M | $650.5M | $814.7M | $836.7M |
| P/E ratio | 12.8 | 18.7 | 11.6 | 10.5 | 35.5 | 35.2 | 31.7 | 24.5 | 12.2 | 25.5 |
| Price / sales | 1.6 | 1.5 | 1.0 | 1.2 | 3.1 | 1.7 | 1.7 | 1.1 | 1.8 | 2.0 |
| Price / book | 2.6 | 3.0 | 2.2 | 3.2 | 9.2 | 2.4 | 2.0 | 1.3 | 2.3 | 2.8 |
| Price / free cash flow | — | 17.1 | 29.6 | 12.4 | 19.8 | 8.4 | 21.5 | 8.0 | 15.8 | 18.6 |
| Price / operating cash flow | 10.9 | 11.8 | 5.1 | 7.1 | 14.0 | 6.8 | 12.5 | 5.8 | 10.1 | 10.0 |
| EV / sales | 2.9 | 2.9 | 2.6 | 2.8 | 4.7 | 3.2 | 3.6 | 2.4 | 3.2 | 3.4 |
| EV / EBITDA | 9.8 | 11.0 | 9.4 | 10.1 | 19.2 | 13.4 | 14.6 | 11.0 | 12.3 | 14.7 |
| EV / free cash flow | — | 32.7 | 75.8 | 29.9 | 29.6 | 15.4 | 45.7 | 18.3 | 28.3 | 31.1 |
| Earnings yield | 7.8% | 5.4% | 8.6% | 9.6% | 2.8% | 2.8% | 3.2% | 4.1% | 8.2% | 3.9% |
| Free cash flow yield | −2.9% | 5.8% | 3.4% | 8.1% | 5.0% | 12.0% | 4.7% | 12.5% | 6.3% | 5.4% |
| Dividend yield | 1.1% | 1.1% | 1.7% | 1.6% | 0.6% | 1.1% | 1.2% | 1.9% | 0.8% | 0.5% |
| Shareholder yield (dividends + buybacks) | 1.1% | 1.1% | 1.8% | 10.0% | 12.5% | 1.1% | 2.9% | 7.6% | 4.4% | 0.6% |
| Share price at fiscal year-end | $42.30 | $39.85 | $25.01 | $27.54 | $64.44 | $31.32 | $25.60 | $15.50 | $25.71 | $28.64 |
| Per share | ||||||||||
| Revenue per share | $26.70 | $26.17 | $24.75 | $23.56 | $20.58 | $18.22 | $15.22 | $14.59 | $14.57 | $14.22 |
| Earnings per share | $3.29 | $2.13 | $2.16 | $2.63 | $1.82 | $0.89 | $0.81 | $0.63 | $2.10 | $1.12 |
| Operating cash flow per share | $3.88 | $3.37 | $4.89 | $3.88 | $4.61 | $4.59 | $2.04 | $2.67 | $2.55 | $2.87 |
| Free cash flow per share | −$1.21 | $2.32 | $0.84 | $2.22 | $3.25 | $3.75 | $1.19 | $1.93 | $1.63 | $1.54 |
| Cash per share | $0.11 | $0.08 | $0.10 | $0.07 | $0.06 | $0.05 | $0.04 | $0.04 | $0.05 | $0.19 |
| Book value per share | $16.30 | $13.50 | $11.20 | $8.73 | $7.01 | $13.30 | $12.58 | $12.05 | $11.16 | $10.19 |
| Tangible book value per share | −$13.86 | −$15.99 | −$18.63 | −$19.47 | −$16.06 | −$10.07 | −$11.31 | −$5.81 | −$6.12 | −$6.44 |
| Dividends per share | $0.45 | $0.44 | $0.43 | $0.43 | $0.40 | $0.33 | $0.30 | $0.30 | $0.21 | $0.14 |
| Capex per share | $5.09 | $1.04 | $4.05 | $1.66 | $1.36 | $0.84 | $0.85 | $0.74 | $0.93 | $1.32 |
| Debt per share | $36.01 | $36.32 | $39.12 | $39.00 | $31.69 | $26.46 | $28.87 | $19.94 | $20.33 | $19.47 |
| Shares outstanding | 15.6M | 15.4M | 15.5M | 15.7M | 18.3M | 18.1M | 18.0M | 18.4M | 17.7M | 17.5M |
| Change in shares outstanding | +1.2% | −0.1% | −1.6% | −14.0% | +1.0% | +0.4% | −2.0% | +3.7% | +1.5% | −4.7% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 22.2% | 17.3% | 21.5% | 31.2% | 18.0% | 6.9% | 6.5% | 5.6% | 19.8% | 11.7% |
| Return on invested capital (ROIC) | 9.1% | 7.0% | 7.6% | 7.9% | 9.8% | 5.1% | 5.1% | 4.8% | 9.1% | 6.1% |
| Return on assets (ROA) | 3.9% | 2.6% | 2.7% | 3.5% | 2.9% | 1.4% | 1.4% | 1.3% | 4.1% | 2.3% |
| Return on tangible assets | 5.9% | 4.0% | 4.1% | 5.5% | 4.4% | 2.2% | 2.1% | 2.0% | 6.0% | 3.3% |
| Free cash flow margin | −4.5% | 8.9% | 3.4% | 9.4% | 15.8% | 20.6% | 7.8% | 13.2% | 11.2% | 10.9% |
| Income quality (OCF / net income) | 1.18 | 1.58 | 2.26 | 1.47 | 2.54 | 5.15 | 2.53 | 4.21 | 1.22 | 2.56 |
| Financial health | ||||||||||
| Total debt | $563.0M | $560.9M | $604.6M | $612.7M | $578.9M | $478.3M | $519.8M | $366.4M | $360.2M | $339.9M |
| Cash & short-term investments | $1.7M | $1.2M | $1.5M | $1.2M | $1.1M | $889,000 | $716,000 | $644,000 | $952,000 | $3.3M |
| Net debt | $561.4M | $559.7M | $603.1M | $611.6M | $577.8M | $477.4M | $519.1M | $365.7M | $359.3M | $336.6M |
| Debt / equity | 2.21 | 2.69 | 3.49 | 4.47 | 4.52 | 1.99 | 2.29 | 1.65 | 1.82 | 1.91 |
| Debt / assets | 0.42 | 0.44 | 0.48 | 0.51 | 0.49 | 0.42 | 0.46 | 0.40 | 0.39 | 0.38 |
| Net debt / EBITDA | 4.51 | 5.26 | 5.73 | 5.94 | 6.31 | 6.12 | 7.73 | 6.20 | 5.44 | 5.92 |
| Current ratio | 0.98 | 0.77 | 0.82 | 0.84 | 0.66 | 0.73 | 1.12 | 0.84 | 0.71 | 0.74 |
| Quick ratio | 0.84 | 0.63 | 0.65 | 0.67 | 0.54 | 0.58 | 0.92 | 0.65 | 0.55 | 0.61 |
| Interest coverage | 3.5 | 2.6 | 2.2 | 3.1 | 3.7 | 1.7 | 2.0 | 1.9 | 2.8 | 3.2 |
| Working capital | −$1.1M | −$13.5M | −$9.3M | −$7.5M | −$20.6M | −$13.0M | $4.3M | −$5.7M | −$12.6M | −$11.3M |
| Invested capital | $816.1M | $768.3M | $776.2M | $748.7M | $705.8M | $717.9M | $745.6M | $587.2M | $556.9M | $514.6M |
| Tangible asset value | −$216.7M | −$247.0M | −$287.9M | −$305.9M | −$293.3M | −$182.0M | −$203.7M | −$106.8M | −$108.4M | −$112.5M |
| Net current asset value | −$1.04B | −$1.03B | −$1.05B | −$1.02B | −$1.01B | −$870.0M | −$863.3M | −$666.7M | −$693.7M | −$674.1M |
| Graham number | $34.76 | $25.46 | $23.34 | $22.75 | $16.92 | $16.32 | $15.12 | $13.11 | $22.96 | $16.04 |
| Graham net-net per share | −$67.38 | −$67.56 | −$69.13 | −$65.70 | −$56.05 | −$48.79 | −$48.87 | −$36.84 | −$39.75 | −$39.24 |
| Capital allocation | ||||||||||
| Dividends paid | $7.0M | $6.8M | $6.7M | $6.8M | $7.3M | $6.0M | $5.4M | $5.5M | $3.7M | $2.5M |
| Share buybacks (net) | $0 | $0 | $252,000 | $36.7M | $140.0M | $0 | $7.8M | $16.3M | $16.4M | $578,000 |
| Dividend payout ratio | 13.6% | 20.7% | 20.1% | 16.3% | 21.9% | 37.6% | 37.1% | 47.3% | 10.0% | 12.7% |
| Dividends + buybacks / free cash flow | — | 19.0% | 53.3% | 124.3% | 248.1% | 8.9% | 61.3% | 61.4% | 69.6% | 11.4% |
| Capex / revenue | 19.1% | 4.0% | 16.3% | 7.0% | 6.6% | 4.6% | 5.6% | 5.0% | 6.4% | 9.3% |
| Capex / operating cash flow | 131.2% | 31.0% | 82.7% | 42.7% | 29.5% | 18.3% | 41.8% | 27.6% | 36.2% | 46.2% |
| Capex / depreciation | 3.10 | 0.66 | 2.78 | 1.24 | 1.14 | 0.78 | 0.87 | 0.78 | 1.03 | 1.50 |
| Stock-based compensation / revenue | 1.9% | 1.6% | 2.0% | 1.6% | 1.5% | 1.0% | 0.8% | 2.5% | 1.2% | 1.3% |
| SG&A / revenue | 11.7% | 14.6% | 11.0% | 10.1% | 9.4% | 8.3% | 9.4% | 11.5% | 10.2% | 11.3% |
| Efficiency | ||||||||||
| Days sales outstanding | 32.0 | 26.2 | 25.2 | 26.8 | 26.5 | 28.0 | 30.4 | 27.8 | 29.2 | 28.7 |
| Days of inventory on hand | 10.6 | 11.4 | 11.3 | 10.9 | 10.8 | 11.6 | 12.9 | 12.6 | 12.7 | 12.8 |
| Days payables outstanding | 23.2 | 19.1 | 16.6 | 18.8 | 18.9 | 16.1 | 17.3 | 15.7 | 16.9 | 19.6 |
| Cash conversion cycle (days) | 19.3 | 18.5 | 19.9 | 18.8 | 18.4 | 23.6 | 26.0 | 24.7 | 25.1 | 21.8 |
| Receivables turnover | 11.41 | 13.91 | 14.46 | 13.62 | 13.80 | 13.04 | 12.00 | 13.14 | 12.49 | 12.74 |
| Payables turnover | 15.73 | 19.11 | 21.94 | 19.39 | 19.35 | 22.73 | 21.14 | 23.23 | 21.66 | 18.61 |
| Inventory turnover | 34.53 | 32.07 | 32.36 | 33.55 | 33.74 | 31.38 | 28.31 | 28.94 | 28.63 | 28.57 |
| Asset turnover | 0.32 | 0.32 | 0.31 | 0.31 | 0.32 | 0.29 | 0.27 | 0.29 | 0.29 | 0.29 |
| Average receivables | $36.6M | $29.1M | $26.4M | $27.2M | $27.2M | $25.3M | $22.8M | $20.4M | $20.7M | $19.5M |
| Average payables | $17.2M | $13.6M | $11.8M | $12.9M | $12.7M | $9.8M | $9.2M | $8.3M | $8.4M | $9.1M |
| Average inventory | $7.8M | $8.1M | $8.0M | $7.5M | $7.3M | $7.1M | $6.9M | $6.6M | $6.3M | $5.9M |
| Intangibles / total assets | 35.0% | 35.6% | 36.4% | 37.1% | 35.7% | 36.9% | 38.1% | 35.8% | 33.2% | 32.8% |
Computed from CSV's annual financial statements (latest annual report filed February 26, 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.
CSV valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Carriage Services traded at 12.8 times earnings, against a 10-year median of 21.6. Based on the latest twelve months, the trailing P/E is 12.9 and the forward P/E is 8.6. Carriage Services earned a return on equity of 22.2% and a return on invested capital of 9.1% in fiscal 2025. It ended the year with $563.0 million of debt and $1.7 million in cash and short-term investments, net debt of $561.4 million. It returned $7.0 million to shareholders: $7.0 million in dividends and $0 in share buybacks. The share count fell 10.5% from 17.5M to 15.6M over 9 years.
See the CSV income statement, the CSV chart for price history, or the CSV stock overview for the latest quote and news.
CSV key metrics FAQ
What is Carriage Services's P/E ratio?
Carriage Services's trailing P/E ratio is 12.9 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 8.6. At the end of fiscal 2025 it was 12.8, compared with a 10-year median of 21.6.
What is Carriage Services's EV/EBITDA?
Carriage Services's enterprise value was 9.8 times EBITDA at the end of fiscal 2025 (enterprise value $1.2 billion, EBITDA $124.3 million); the current EV/EBITDA is 8.9.
What is Carriage Services's return on equity?
Carriage Services's return on equity (ROE) was 22.2% in fiscal 2025: net income of $51.5 million on average shareholders' equity of $231.7 million.
What is Carriage Services's ROIC?
Carriage Services's return on invested capital was 9.1% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Carriage Services have?
Carriage Services had total debt of $563.0 million at the end of fiscal 2025, a debt-to-equity ratio of 2.21 and $561.4 million of net debt (4.51 times EBITDA).
What is Carriage Services's dividend yield?
Carriage Services's forward dividend yield is 1.24%. Carriage Services paid $7.0 million in dividends in fiscal 2025 ($0.45 per share), a payout ratio of 13.6%.
What is Carriage Services's free cash flow yield?
Carriage Services generated -$19.0 million of free cash flow in fiscal 2025, a free cash flow yield of −2.9% on its market value at year-end ($661.3 million).
What is Carriage Services's current ratio?
Carriage Services's current ratio was 0.98 at the end of fiscal 2025: current assets were 0.98 times current liabilities.