Graham Corporation (GHM) Key Metrics
GHM valuation today
Trailing 12 months · as of October 17, 2026- Market cap
- $803.8M
- Enterprise value
- $1.00B
- P/E (TTM)
- 66.5 10-yr median 64.9
- Forward P/E
- 45.0
- PEG ratio
- 2.50
- Price / sales
- 3.1 10-yr median 1.6
- Price / book
- 5.3 10-yr median 2.0
- EV / EBITDA
- 43.0 10-yr median 17.1
- Dividend yield
- —
- Beta
- 1.08
GHM key metrics, FY2017–FY2026
Fiscal year ended March 31, 2026 · U.S. dollarsGHM valuation Price multiples at each fiscal year-end price.
GHM returns How much profit the business earns on the capital it uses.
GHM per-share figures Results divided by the shares outstanding at year-end.
GHM financial health Debt, liquidity and how easily interest is covered.
GHM efficiency & capital use Working capital cycle and where the cash goes.
GHM valuation history
GHM returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
GHM debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
GHM cash returned to shareholders
GHM price vs earnings per share
GHM key metrics
FY2017–FY2026| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $879.0M | $318.9M | $295.8M | $139.4M | $81.3M | $141.8M | $127.4M | $192.8M | $209.1M | $223.7M |
| Enterprise value | $890.8M | $304.2M | $286.7M | $141.5M | $93.5M | $76.9M | $54.8M | $115.4M | $132.8M | $147.4M |
| P/E ratio | 70.3 | 26.1 | 64.9 | 379.7 | — | 59.7 | 68.1 | — | — | 44.5 |
| Price / sales | 3.6 | 1.5 | 1.6 | 0.9 | 0.7 | 1.5 | 1.4 | 2.1 | 2.3 | 2.4 |
| Price / book | 6.3 | 2.7 | 2.8 | 1.4 | 0.8 | 1.4 | 1.3 | 1.9 | 2.0 | 2.0 |
| Price / free cash flow | — | 59.5 | 15.7 | 13.7 | — | — | — | 33.4 | 32.4 | 18.5 |
| Price / operating cash flow | 55.2 | 13.1 | 10.5 | 10.0 | — | — | 102.9 | 155.6 | 24.6 | 18.1 |
| EV / sales | 3.6 | 1.4 | 1.5 | 0.9 | 0.8 | 0.8 | 0.6 | 1.3 | 1.4 | 1.6 |
| EV / EBITDA | 39.4 | 14.7 | 25.5 | 18.6 | — | 14.7 | 12.8 | 55.7 | — | 15.7 |
| EV / free cash flow | — | 56.8 | 15.2 | 13.9 | — | — | — | 20.0 | 20.6 | 12.2 |
| Earnings yield | 1.4% | 3.8% | 1.5% | 0.3% | −10.8% | 1.7% | 1.5% | −0.2% | −4.7% | 2.2% |
| Free cash flow yield | −0.0% | 1.7% | 6.4% | 7.3% | −5.6% | −2.7% | −0.9% | 3.0% | 3.1% | 5.4% |
| Dividend yield | — | — | 0.0% | 0.0% | 4.3% | 3.1% | 3.3% | 2.0% | 1.7% | 1.6% |
| Shareholder yield (dividends + buybacks) | 0.2% | 0.3% | 0.0% | 0.0% | 4.4% | 3.1% | 3.5% | 2.1% | 1.7% | 1.6% |
| Share price at fiscal year-end | $78.92 | $28.82 | $27.28 | $13.08 | $7.71 | $14.24 | $12.90 | $19.63 | $21.42 | $23.00 |
| Per share | ||||||||||
| Revenue per share | $22.02 | $18.97 | $17.11 | $14.75 | $11.65 | $9.79 | $9.17 | $9.22 | $9.41 | $9.43 |
| Earnings per share | $1.12 | $1.11 | $0.42 | $0.03 | −$0.83 | $0.24 | $0.19 | −$0.03 | −$1.01 | $0.52 |
| Operating cash flow per share | $1.43 | $2.20 | $2.59 | $1.31 | −$0.21 | −$0.17 | $0.13 | $0.13 | $0.87 | $1.27 |
| Free cash flow per share | −$0.01 | $0.48 | $1.74 | $0.95 | −$0.43 | −$0.39 | −$0.12 | $0.59 | $0.66 | $1.24 |
| Cash per share | $0.59 | $1.95 | $1.56 | $1.71 | $1.40 | $6.53 | $7.39 | $7.92 | $7.83 | $7.86 |
| Book value per share | $12.60 | $10.81 | $9.73 | $9.10 | $9.15 | $9.83 | $9.79 | $10.07 | $10.58 | $11.73 |
| Tangible book value per share | $4.50 | $5.76 | $4.38 | $4.31 | $4.08 | $9.83 | $9.79 | $10.07 | $9.94 | $9.54 |
| Dividends per share | — | — | $0.00 | $0.00 | $0.33 | $0.44 | $0.43 | $0.39 | $0.36 | $0.36 |
| Capex per share | $1.44 | $1.71 | $0.85 | $0.35 | $0.22 | $0.22 | $0.24 | $0.22 | $0.21 | $0.03 |
| Debt per share | $1.65 | $0.62 | $0.72 | $1.91 | $2.55 | $0.01 | $0.03 | $0.03 | $0.01 | $0.01 |
| Shares outstanding | 11.1M | 11.1M | 10.8M | 10.7M | 10.5M | 10.0M | 9.9M | 9.8M | 9.8M | 9.7M |
| Change in shares outstanding | +0.7% | +2.0% | +1.8% | +1.1% | +5.8% | +0.8% | +0.6% | +0.6% | +0.4% | −2.6% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 9.6% | 10.9% | 4.5% | 0.4% | −9.0% | 2.4% | 1.9% | −0.3% | −9.1% | 4.5% |
| Return on invested capital (ROIC) | 9.9% | 12.0% | 5.8% | 0.8% | −12.6% | 7.6% | 2.3% | 2.2% | 9.8% | 2.3% |
| Return on assets (ROA) | 4.3% | 4.9% | 2.1% | 0.2% | −5.3% | 1.6% | 1.2% | −0.2% | −6.7% | 3.4% |
| Return on tangible assets | 5.4% | 5.9% | 2.6% | 0.2% | −6.7% | 1.6% | 1.3% | −0.2% | −7.2% | 3.9% |
| Free cash flow margin | −0.0% | 2.6% | 10.2% | 6.5% | −3.7% | −4.0% | −1.3% | 6.4% | 7.0% | 13.1% |
| Income quality (OCF / net income) | 1.27 | 1.99 | 6.17 | 37.91 | — | −0.73 | 0.66 | — | — | 2.47 |
| Financial health | ||||||||||
| Total debt | $18.4M | $6.9M | $7.8M | $20.4M | $26.9M | $138,000 | $330,000 | $330,000 | $146,000 | $143,000 |
| Cash & short-term investments | $6.6M | $21.6M | $16.9M | $18.3M | $14.7M | $65.0M | $73.0M | $77.8M | $76.5M | $76.5M |
| Net debt | $11.8M | −$14.7M | −$9.2M | $2.1M | $12.2M | −$64.9M | −$72.7M | −$77.4M | −$76.3M | −$76.3M |
| Debt / equity | 0.13 | 0.06 | 0.07 | 0.21 | 0.28 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt / assets | 0.06 | 0.03 | 0.03 | 0.10 | 0.15 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net debt / EBITDA | 0.52 | −0.71 | −0.81 | 0.28 | — | −12.42 | −16.93 | −37.37 | — | −8.13 |
| Current ratio | 1.01 | 1.04 | 1.07 | 1.28 | 1.47 | 2.76 | 2.57 | 2.46 | 3.09 | 3.60 |
| Quick ratio | 0.68 | 0.74 | 0.79 | 0.97 | 1.17 | 2.36 | 2.12 | 2.01 | 2.78 | 3.24 |
| Interest coverage | — | 26.1 | 27.9 | 1.2 | -25.2 | 272.5 | 54.3 | 54.3 | 335.9 | 120.6 |
| Working capital | $2.0M | $5.2M | $8.1M | $23.9M | $27.8M | $76.7M | $77.4M | $79.9M | $78.1M | $83.4M |
| Invested capital | $152.1M | $104.9M | $96.4M | $99.1M | $108.7M | $33.0M | $24.1M | $21.5M | $27.0M | $37.8M |
| Tangible asset value | $50.2M | $63.7M | $47.5M | $45.9M | $43.0M | $97.9M | $96.7M | $99.0M | $97.0M | $92.8M |
| Net current asset value | −$26.8M | −$3.2M | −$2.0M | $3.1M | $23,000 | $73.9M | $75.3M | $77.5M | $75.4M | $77.9M |
| Graham number | $17.84 | $16.39 | $9.59 | $2.66 | — | $7.26 | $6.46 | — | — | $11.67 |
| Graham net-net per share | −$7.28 | −$4.18 | −$3.72 | −$2.61 | −$2.23 | $5.56 | $5.63 | $5.34 | $6.37 | $6.65 |
| Capital allocation | ||||||||||
| Dividends paid | — | — | $0 | $0 | $3.5M | $4.4M | $4.2M | $3.8M | $3.5M | $3.5M |
| Share buybacks (net) | $1.5M | $854,000 | $58,000 | $21,000 | $41,000 | $23,000 | $230,000 | $146,000 | $119,000 | $29,000 |
| Dividend payout ratio | — | — | 0.0% | 0.0% | — | 185.0% | 227.0% | — | — | 69.5% |
| Dividends + buybacks / free cash flow | — | 15.9% | 0.3% | 0.2% | — | — | — | 68.9% | 56.3% | 29.2% |
| Capex / revenue | 6.5% | 9.0% | 5.0% | 2.4% | 1.9% | 2.2% | 2.7% | 2.4% | 2.2% | 0.4% |
| Capex / operating cash flow | 100.8% | 78.0% | 32.8% | 26.9% | — | — | 195.1% | 172.6% | 24.1% | 2.6% |
| Capex / depreciation | 2.05 | 3.19 | 1.70 | 0.63 | 0.42 | 1.11 | 1.23 | 0.97 | 0.92 | 0.14 |
| Stock-based compensation / revenue | 0.9% | 0.9% | 0.7% | 0.5% | 0.7% | 0.9% | 1.1% | 1.2% | 0.6% | 0.7% |
| R&D / revenue | — | 1.9% | 2.1% | 2.6% | 3.1% | 3.5% | 3.7% | 3.7% | 3.9% | 3.5% |
| SG&A / revenue | 16.9% | 17.7% | 17.4% | 14.7% | 16.6% | 17.9% | 18.6% | 19.5% | 16.8% | 15.9% |
| Efficiency | ||||||||||
| Days sales outstanding | 125.9 | 128.6 | 133.9 | 136.3 | 135.3 | 127.0 | 114.1 | 106.3 | 105.7 | 105.0 |
| Days of inventory on hand | 88.3 | 85.3 | 75.2 | 60.6 | 55.8 | 93.9 | 118.3 | 94.6 | 70.1 | 58.7 |
| Days payables outstanding | 51.6 | 55.9 | 51.6 | 51.1 | 55.6 | 76.4 | 67.1 | 74.5 | 80.2 | 54.1 |
| Cash conversion cycle (days) | 162.6 | 158.1 | 157.4 | 145.8 | 135.5 | 144.5 | 165.3 | 126.3 | 95.6 | 109.6 |
| Receivables turnover | 2.90 | 2.84 | 2.73 | 2.68 | 2.70 | 2.87 | 3.20 | 3.43 | 3.45 | 3.47 |
| Payables turnover | 7.07 | 6.53 | 7.07 | 7.14 | 6.56 | 4.78 | 5.44 | 4.90 | 4.55 | 6.75 |
| Inventory turnover | 4.13 | 4.28 | 4.86 | 6.03 | 6.54 | 3.89 | 3.09 | 3.86 | 5.21 | 6.22 |
| Asset turnover | 0.83 | 0.84 | 0.85 | 0.81 | 0.75 | 0.67 | 0.60 | 0.60 | 0.62 | 0.62 |
| Average receivables | $84.6M | $74.0M | $68.0M | $58.7M | $45.5M | $33.9M | $28.3M | $26.4M | $26.6M | $26.4M |
| Average payables | $26.5M | $24.0M | $20.5M | $18.4M | $17.3M | $16.1M | $13.3M | $14.3M | $13.2M | $10.3M |
| Average inventory | $45.4M | $36.7M | $29.9M | $21.9M | $17.4M | $19.8M | $23.5M | $18.1M | $11.6M | $11.2M |
| Intangibles / total assets | 27.9% | 21.1% | 24.8% | 25.0% | 29.1% | 0.0% | 0.0% | 0.0% | 4.4% | 14.1% |
Computed from GHM's annual financial statements (latest annual report filed June 8, 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.
GHM valuation and financial ratios
At the end of fiscal 2026 (March 31, 2026), Graham traded at 70.3 times earnings, against a 10-year median of 64.9. Based on the latest twelve months, the trailing P/E is 66.5 and the forward P/E is 45.0. Graham earned a return on equity of 9.6% and a return on invested capital of 9.9% in fiscal 2026. It ended the year with $18.4 million of debt and $6.6 million in cash and short-term investments, net debt of $11.8 million. It returned $1.5 million to shareholders: $0 in dividends and $1.5 million in share buybacks. The share count rose 14.5% from 9.7M to 11.1M over 9 years.
See the GHM income statement, the GHM chart for price history, or the GHM stock overview for the latest quote and news.
GHM key metrics FAQ
What is Graham's P/E ratio?
Graham's trailing P/E ratio is 66.5 based on the last twelve months of earnings (as of October 17, 2026), and its forward P/E is 45.0. At the end of fiscal 2026 it was 70.3, compared with a 10-year median of 64.9.
What is Graham's EV/EBITDA?
Graham's enterprise value was 39.4 times EBITDA at the end of fiscal 2026 (enterprise value $890.8 million, EBITDA $22.6 million); the current EV/EBITDA is 43.0.
What is Graham's return on equity?
Graham's return on equity (ROE) was 9.6% in fiscal 2026: net income of $12.5 million on average shareholders' equity of $129.9 million.
What is Graham's ROIC?
Graham's return on invested capital was 9.9% in fiscal 2026, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Graham have?
Graham had total debt of $18.4 million at the end of fiscal 2026, a debt-to-equity ratio of 0.13 and $11.8 million of net debt (0.52 times EBITDA).
Does Graham buy back its shares?
Yes. Graham spent $1.5 million on net share repurchases in fiscal 2026 Shares outstanding changed +0.7% over the year, to 11.1M..
What is Graham's free cash flow yield?
Graham generated -$0.1 million of free cash flow in fiscal 2026, a free cash flow yield of −0.0% on its market value at year-end ($879.0 million).
What is Graham's current ratio?
Graham's current ratio was 1.01 at the end of fiscal 2026: current assets were 1.01 times current liabilities.