ESAB Corporation (ESAB) Key Metrics
ESAB valuation today
Trailing 12 months · as of October 17, 2026- Market cap
- $4.06B
- Enterprise value
- $6.75B
- P/E (TTM)
- 20.4 10-yr median 26.6
- Forward P/E
- 10.7
- PEG ratio
- 0.68
- Price / sales
- 1.4 10-yr median 2.1
- Price / book
- 1.8 10-yr median 3.2
- EV / EBITDA
- 14.6 10-yr median 13.9
- Dividend yield
- 0.73% $0.48 a year
- Beta
- 1.14
ESAB key metrics, 2019–2025
Fiscal year ended December 31, 2025 · U.S. dollarsESAB valuation Price multiples at each fiscal year-end price.
ESAB returns How much profit the business earns on the capital it uses.
ESAB per-share figures Results divided by the shares outstanding at year-end.
ESAB financial health Debt, liquidity and how easily interest is covered.
ESAB efficiency & capital use Working capital cycle and where the cash goes.
ESAB valuation history
ESAB returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
ESAB debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
ESAB cash returned to shareholders
ESAB price vs earnings per share
ESAB key metrics
2019–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
| Valuation | |||||||
| Market capitalization | $6.81B | $7.33B | $5.25B | $2.82B | — | — | — |
| Enterprise value | $8.06B | $8.24B | $6.27B | $4.06B | — | — | — |
| P/E ratio | 30.0 | 27.7 | 25.6 | 12.6 | — | — | — |
| Price / sales | 2.4 | 2.7 | 1.9 | 1.1 | — | — | — |
| Price / book | 3.1 | 4.1 | 3.3 | 2.1 | — | — | — |
| Price / free cash flow | 31.9 | 24.1 | 18.6 | 16.2 | — | — | — |
| Price / operating cash flow | 26.1 | 20.6 | 15.9 | 13.2 | — | — | — |
| EV / sales | 2.8 | 3.0 | 2.3 | 1.6 | — | — | — |
| EV / EBITDA | 16.4 | 15.5 | 12.3 | 9.3 | — | — | — |
| EV / free cash flow | 37.8 | 27.1 | 22.2 | 23.3 | — | — | — |
| Earnings yield | 3.3% | 3.6% | 3.9% | 7.9% | — | — | — |
| Free cash flow yield | 3.1% | 4.1% | 5.4% | 6.2% | — | — | — |
| Dividend yield | 0.3% | 0.2% | 0.3% | 0.2% | — | — | — |
| Shareholder yield (dividends + buybacks) | 0.3% | 0.2% | 0.3% | 0.3% | — | — | — |
| Share price at fiscal year-end | $111.72 | $119.94 | $86.62 | $46.92 | — | — | — |
| Per share | |||||||
| Revenue per share | $46.64 | $44.86 | $45.75 | $43.11 | $40.45 | $32.48 | $37.45 |
| Earnings per share | $3.72 | $4.33 | $3.38 | $3.72 | $3.92 | $2.62 | $2.88 |
| Operating cash flow per share | $4.28 | $5.82 | $5.45 | $3.56 | $4.18 | $5.15 | $4.16 |
| Free cash flow per share | $3.50 | $4.97 | $4.65 | $2.89 | $3.58 | $4.48 | $3.42 |
| Cash per share | $3.05 | $4.08 | $1.68 | $1.20 | $0.69 | $0.82 | $1.75 |
| Book value per share | $35.54 | $28.95 | $26.50 | $22.45 | $40.99 | $41.69 | $43.92 |
| Tangible book value per share | −$7.49 | −$6.07 | −$7.92 | −$11.58 | $6.77 | $6.20 | $8.72 |
| Dividends per share | $0.36 | $0.28 | $0.22 | $0.10 | $0.10 | $0.10 | $0.10 |
| Capex per share | $0.78 | $0.85 | $0.79 | $0.67 | $0.59 | $0.67 | $0.74 |
| Debt per share | $23.52 | $19.04 | $18.42 | $21.84 | $1.82 | $1.62 | $1.26 |
| Shares outstanding | 60.9M | 61.1M | 60.7M | 60.2M | 60.0M | 60.0M | 60.0M |
| Change in shares outstanding | −0.3% | +0.7% | +0.8% | +0.2% | 0.0% | +0.1% | — |
| Returns & profitability | |||||||
| Return on equity (ROE) | 11.5% | 15.7% | 13.9% | 11.7% | 9.5% | 6.1% | 6.6% |
| Return on invested capital (ROIC) | 12.7% | 13.3% | 10.9% | 9.9% | 9.0% | 6.1% | 7.8% |
| Return on assets (ROA) | 5.2% | 6.7% | 5.4% | 6.2% | 6.9% | 4.6% | 5.0% |
| Return on tangible assets | 10.6% | 14.0% | 11.8% | 13.1% | 16.7% | 12.5% | 12.5% |
| Free cash flow margin | 7.5% | 11.1% | 10.2% | 6.7% | 8.9% | 13.8% | 9.1% |
| Income quality (OCF / net income) | 1.15 | 1.34 | 1.61 | 0.96 | 1.07 | 1.96 | 1.44 |
| Financial health | |||||||
| Total debt | $1.43B | $1.16B | $1.12B | $1.31B | $109.2M | $97.0M | $75.7M |
| Cash & short-term investments | $185.9M | $249.4M | $102.0M | $72.0M | $41.2M | $49.2M | $104.8M |
| Net debt | $1.25B | $913.9M | $1.02B | $1.24B | $68.0M | $47.8M | −$29.1M |
| Debt / equity | 0.66 | 0.66 | 0.70 | 0.97 | 0.04 | 0.04 | 0.03 |
| Debt / assets | 0.30 | 0.29 | 0.29 | 0.35 | 0.03 | 0.03 | 0.02 |
| Net debt / EBITDA | 2.54 | 1.72 | 1.99 | 2.85 | 0.17 | 0.16 | −0.08 |
| Current ratio | 1.90 | 1.82 | 1.61 | 1.64 | 1.62 | 1.75 | 2.14 |
| Quick ratio | 1.17 | 1.18 | 0.98 | 0.95 | 0.91 | 1.07 | 1.34 |
| Interest coverage | 6.2 | 6.9 | 4.8 | 8.7 | 7.7 | 4.8 | 5.0 |
| Working capital | $597.1M | $516.3M | $377.6M | $387.1M | $367.5M | $344.1M | $498.1M |
| Invested capital | $3.41B | $2.68B | $2.62B | $2.59B | $2.53B | $2.55B | $2.61B |
| Tangible asset value | −$411.2M | −$331.7M | −$440.2M | −$658.5M | $447.3M | $414.2M | $569.1M |
| Net current asset value | −$1.29B | −$1.08B | −$1.18B | −$1.38B | $4.5M | −$36.1M | $124.2M |
| Graham number | $54.55 | $53.14 | $44.92 | $43.34 | $60.10 | $49.59 | $53.37 |
| Graham net-net per share | −$29.36 | −$24.50 | −$26.27 | −$30.00 | −$7.01 | −$6.46 | −$4.28 |
| Capital allocation | |||||||
| Dividends paid | $21.9M | $17.0M | $13.3M | $6.1M | $6.1M | $6.1M | $6.1M |
| Share buybacks (net) | — | — | — | $3.4M | — | — | — |
| Dividend payout ratio | 9.7% | 6.4% | 6.5% | 2.7% | 2.6% | 3.8% | 3.5% |
| Dividends + buybacks / free cash flow | 10.3% | 5.6% | 4.7% | 5.4% | 2.8% | 2.3% | 2.9% |
| Capex / revenue | 1.7% | 1.9% | 1.7% | 1.6% | 1.5% | 2.1% | 2.0% |
| Capex / operating cash flow | 18.1% | 14.6% | 14.6% | 18.8% | 14.2% | 13.0% | 17.8% |
| Capex / depreciation | 0.56 | 0.78 | 0.69 | 0.61 | 0.47 | 0.52 | 0.56 |
| Stock-based compensation / revenue | 0.6% | 0.7% | 0.6% | 0.5% | 0.3% | 0.3% | 0.3% |
| R&D / revenue | 1.5% | 1.4% | 1.4% | 1.4% | 1.6% | 1.8% | 1.4% |
| SG&A / revenue | 21.4% | 21.2% | 21.0% | 20.2% | 20.7% | 23.5% | 24.5% |
| Efficiency | |||||||
| Days sales outstanding | 52.8 | 50.3 | 50.0 | 53.3 | 53.6 | 64.9 | 59.2 |
| Days of inventory on hand | 88.2 | 85.3 | 84.0 | 89.4 | 84.2 | 95.4 | 87.9 |
| Days payables outstanding | 67.6 | 67.0 | 64.6 | 70.7 | 67.3 | 68.6 | 59.2 |
| Cash conversion cycle (days) | 73.3 | 68.7 | 69.3 | 72.0 | 70.4 | 91.7 | 87.9 |
| Receivables turnover | 6.92 | 7.26 | 7.31 | 6.84 | 6.81 | 5.62 | 6.17 |
| Payables turnover | 5.40 | 5.45 | 5.65 | 5.16 | 5.42 | 5.32 | 6.16 |
| Inventory turnover | 4.14 | 4.28 | 4.34 | 4.08 | 4.34 | 3.82 | 4.15 |
| Asset turnover | 0.65 | 0.70 | 0.73 | 0.72 | 0.71 | 0.57 | 0.64 |
| Average receivables | $410.8M | $377.8M | $379.8M | $378.9M | $356.5M | $346.9M | $364.1M |
| Average payables | $339.4M | $312.5M | $311.4M | $330.9M | $293.4M | $238.3M | $235.3M |
| Average inventory | $442.7M | $398.3M | $404.8M | $418.4M | $366.7M | $331.4M | $349.5M |
| Intangibles / total assets | 55.0% | 53.0% | 54.5% | 54.5% | 59.4% | 62.9% | 60.5% |
Computed from ESAB's annual financial statements (latest annual report filed February 20, 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.
ESAB valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), ESAB traded at 30.0 times earnings, against a 7-year median of 26.6. Based on the latest twelve months, the trailing P/E is 20.4 and the forward P/E is 10.7. ESAB earned a return on equity of 11.5% and a return on invested capital of 12.7% in fiscal 2025. It ended the year with $1.4 billion of debt and $185.9 million in cash and short-term investments, net debt of $1.2 billion. It returned $21.9 million to shareholders: $21.9 million in dividends and $0 in share buybacks, 10% of free cash flow.
See the ESAB income statement, the ESAB chart for price history, or the ESAB stock overview for the latest quote and news.
ESAB key metrics FAQ
What is ESAB's P/E ratio?
ESAB's trailing P/E ratio is 20.4 based on the last twelve months of earnings (as of October 17, 2026), and its forward P/E is 10.7. At the end of fiscal 2025 it was 30.0, compared with a 7-year median of 26.6.
What is ESAB's EV/EBITDA?
ESAB's enterprise value was 16.4 times EBITDA at the end of fiscal 2025 (enterprise value $8.1 billion, EBITDA $491.7 million); the current EV/EBITDA is 14.6.
What is ESAB's return on equity?
ESAB's return on equity (ROE) was 11.5% in fiscal 2025: net income of $226.8 million on average shareholders' equity of $2.0 billion.
What is ESAB's ROIC?
ESAB's return on invested capital was 12.7% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does ESAB have?
ESAB had total debt of $1.4 billion at the end of fiscal 2025, a debt-to-equity ratio of 0.66 and $1.2 billion of net debt (2.54 times EBITDA).
What is ESAB's dividend yield?
ESAB's forward dividend yield is 0.73%. ESAB paid $21.9 million in dividends in fiscal 2025 ($0.36 per share), a payout ratio of 9.7%.
What is ESAB's free cash flow yield?
ESAB generated $213.3 million of free cash flow in fiscal 2025, a free cash flow yield of 3.1% on its market value at year-end ($6.8 billion).
What is ESAB's current ratio?
ESAB's current ratio was 1.90 at the end of fiscal 2025: current assets were 1.90 times current liabilities.