Gates Industrial Corporation plc (GTES) Key Metrics
GTES valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $6.54B
- Enterprise value
- $8.21B
- P/E (TTM)
- 18.3 10-yr median 15.9
- Forward P/E
- 13.9
- PEG ratio
- —
- Price / sales
- 1.9 10-yr median 1.3
- Price / book
- 1.9 10-yr median 1.5
- EV / EBITDA
- 12.0 10-yr median 10.5
- Dividend yield
- —
- Beta
- 1.28
GTES key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsGTES valuation Price multiples at each fiscal year-end price.
GTES returns How much profit the business earns on the capital it uses.
GTES per-share figures Results divided by the shares outstanding at year-end.
GTES financial health Debt, liquidity and how easily interest is covered.
GTES efficiency & capital use Working capital cycle and where the cash goes.
GTES valuation history
GTES returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
GTES debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
GTES cash returned to shareholders
GTES price vs earnings per share
GTES key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $5.59B | $5.42B | $3.70B | $3.28B | $4.73B | $3.73B | $4.01B | $3.86B | — | — |
| Enterprise value | $7.29B | $7.21B | $5.54B | $5.31B | $6.77B | $6.05B | $6.47B | $6.44B | — | — |
| P/E ratio | 22.3 | 27.8 | 15.9 | 14.9 | 15.9 | 46.9 | 5.8 | 15.7 | — | — |
| Price / sales | 1.6 | 1.6 | 1.0 | 0.9 | 1.4 | 1.3 | 1.3 | 1.2 | — | — |
| Price / book | 1.7 | 1.8 | 1.1 | 1.1 | 1.5 | 1.3 | 1.5 | 2.0 | — | — |
| Price / free cash flow | 13.8 | 18.3 | 9.0 | 18.4 | 16.0 | 15.4 | 15.1 | 29.5 | — | — |
| Price / operating cash flow | 11.7 | 14.3 | 7.7 | 12.3 | 12.4 | 12.1 | 11.5 | 12.3 | — | — |
| EV / sales | 2.1 | 2.1 | 1.6 | 1.5 | 1.9 | 2.2 | 2.1 | 1.9 | — | — |
| EV / EBITDA | 10.4 | 10.6 | 12.0 | 8.6 | 9.6 | 13.6 | 11.2 | 9.2 | — | — |
| EV / free cash flow | 18.0 | 24.3 | 13.5 | 29.7 | 22.9 | 25.0 | 24.4 | 49.3 | — | — |
| Earnings yield | 4.5% | 3.6% | 6.3% | 6.7% | 6.3% | 2.1% | 17.2% | 6.4% | — | — |
| Free cash flow yield | 7.2% | 5.5% | 11.1% | 5.4% | 6.2% | 6.5% | 6.6% | 3.4% | — | — |
| Dividend yield | — | — | 2.7% | 0.9% | 0.5% | 0.5% | 0.7% | 0.9% | — | — |
| Shareholder yield (dividends + buybacks) | 2.1% | 3.3% | 9.5% | 6.2% | 0.8% | 0.8% | 0.7% | 0.9% | — | — |
| Share price at fiscal year-end | $21.47 | $20.57 | $13.42 | $11.41 | $15.91 | $12.76 | $13.76 | $13.24 | — | — |
| Per share | ||||||||||
| Revenue per share | $13.22 | $12.94 | $12.95 | $12.36 | $11.69 | $9.56 | $10.59 | $11.48 | $10.71 | $9.67 |
| Earnings per share | $0.96 | $0.74 | $0.84 | $0.77 | $1.00 | $0.27 | $2.37 | $0.84 | $0.53 | $0.09 |
| Operating cash flow per share | $1.84 | $1.44 | $1.74 | $0.92 | $1.29 | $1.06 | $1.20 | $1.07 | $1.10 | $0.97 |
| Free cash flow per share | $1.55 | $1.13 | $1.49 | $0.62 | $0.99 | $0.83 | $0.91 | $0.45 | $0.71 | $0.67 |
| Cash per share | $3.12 | $2.59 | $2.61 | $2.02 | $2.22 | $1.79 | $2.18 | $1.45 | $1.99 | $1.19 |
| Book value per share | $12.80 | $11.48 | $11.68 | $10.81 | $10.43 | $9.60 | $9.09 | $6.68 | $3.57 | $2.77 |
| Tangible book value per share | $0.41 | −$0.51 | −$0.74 | −$1.26 | −$2.04 | −$3.78 | −$4.41 | −$7.16 | −$11.26 | −$12.52 |
| Dividends per share | — | — | $0.36 | $0.10 | $0.09 | $0.07 | $0.10 | $0.12 | $0.00 | $0.00 |
| Capex per share | $0.28 | $0.32 | $0.26 | $0.30 | $0.29 | $0.23 | $0.28 | $0.63 | $0.39 | $0.30 |
| Debt per share | $9.63 | $9.41 | $9.29 | $9.08 | $9.10 | $9.74 | $10.62 | $10.30 | $13.93 | $13.77 |
| Shares outstanding | 260.5M | 263.4M | 275.6M | 287.6M | 297.3M | 292.1M | 291.6M | 291.7M | 284.0M | 284.0M |
| Change in shares outstanding | −1.1% | −4.5% | −4.2% | −3.3% | +1.8% | +0.2% | −0.0% | +2.7% | 0.0% | 0.0% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 7.9% | 6.2% | 7.4% | 7.1% | 10.1% | 2.9% | 30.0% | 16.6% | 16.8% | 2.5% |
| Return on invested capital (ROIC) | 8.7% | 6.5% | 8.2% | 7.0% | 8.9% | 4.1% | 7.2% | 10.0% | 9.2% | 4.0% |
| Return on assets (ROA) | 3.6% | 2.8% | 3.2% | 3.0% | 4.0% | 1.1% | 9.8% | 3.6% | 2.3% | 0.4% |
| Return on tangible assets | 6.4% | 5.4% | 6.1% | 5.9% | 7.8% | 2.3% | 19.9% | 9.1% | 5.7% | 1.1% |
| Free cash flow margin | 11.8% | 8.7% | 11.5% | 5.0% | 8.5% | 8.7% | 8.6% | 3.9% | 6.7% | 6.9% |
| Income quality (OCF / net income) | 1.90 | 1.95 | 2.07 | 1.20 | 1.29 | 3.89 | 0.51 | 1.28 | 2.07 | 11.08 |
| Financial health | ||||||||||
| Total debt | $2.51B | $2.48B | $2.56B | $2.61B | $2.71B | $2.84B | $3.10B | $3.00B | $3.96B | $3.91B |
| Cash & short-term investments | $812.1M | $682.0M | $720.6M | $581.4M | $660.9M | $524.1M | $635.3M | $423.4M | $564.4M | $339.2M |
| Net debt | $1.70B | $1.80B | $1.84B | $2.03B | $2.04B | $2.32B | $2.46B | $2.58B | $3.39B | $3.57B |
| Debt / equity | 0.75 | 0.82 | 0.80 | 0.84 | 0.87 | 1.01 | 1.17 | 1.54 | 3.90 | 4.97 |
| Debt / assets | 0.35 | 0.37 | 0.35 | 0.36 | 0.36 | 0.38 | 0.42 | 0.45 | 0.58 | 0.60 |
| Net debt / EBITDA | 2.42 | 2.65 | 3.98 | 3.30 | 2.90 | 5.23 | 4.25 | 3.70 | 6.10 | 6.81 |
| Current ratio | 3.37 | 3.20 | 3.08 | 3.03 | 2.66 | 2.63 | 2.98 | 2.67 | 2.62 | 2.56 |
| Quick ratio | 2.42 | 2.26 | 2.25 | 2.15 | 1.86 | 1.93 | 2.25 | 1.88 | 1.96 | 1.83 |
| Interest coverage | 3.5 | 2.8 | 2.8 | 2.6 | 3.6 | 1.3 | 2.1 | 2.5 | 1.7 | 0.9 |
| Working capital | $1.75B | $1.58B | $1.62B | $1.53B | $1.42B | $1.18B | $1.30B | $1.14B | $1.13B | $882.0M |
| Invested capital | $5.03B | $4.82B | $5.06B | $5.14B | $5.14B | $5.13B | $5.11B | $4.53B | $4.41B | $4.36B |
| Tangible asset value | $461.6M | $182.8M | $119.1M | −$27.9M | −$223.8M | −$723.8M | −$925.8M | −$1.70B | −$2.78B | −$3.15B |
| Net current asset value | −$980.7M | −$1.14B | −$1.31B | −$1.47B | −$1.77B | −$2.33B | −$2.44B | −$2.57B | −$3.60B | −$3.93B |
| Graham number | $16.67 | $13.83 | $14.90 | $13.67 | $15.31 | $7.66 | $22.00 | $11.24 | $6.54 | $2.34 |
| Graham net-net per share | −$6.56 | −$7.07 | −$7.50 | −$7.73 | −$8.42 | −$10.00 | −$10.25 | −$10.75 | −$14.43 | −$15.34 |
| Capital allocation | ||||||||||
| Dividends paid | — | — | $100.0M | $28.7M | $26.0M | $19.0M | $28.8M | $35.2M | $100,000 | $800,000 |
| Share buybacks (net) | $119.3M | $176.1M | $251.7M | $175.9M | $10.6M | $10.6M | $0 | $0 | $1.6M | $1.5M |
| Dividend payout ratio | — | — | 42.9% | 13.0% | 8.8% | 23.9% | 4.2% | 14.3% | 0.1% | 3.2% |
| Dividends + buybacks / free cash flow | 29.5% | 59.4% | 85.9% | 114.4% | 12.4% | 12.3% | 10.8% | 26.9% | 0.8% | 1.2% |
| Capex / revenue | 2.1% | 2.4% | 2.0% | 2.4% | 2.5% | 2.4% | 2.7% | 5.5% | 3.7% | 3.1% |
| Capex / operating cash flow | 15.3% | 21.9% | 14.8% | 32.7% | 22.8% | 21.8% | 23.8% | 58.3% | 35.4% | 31.1% |
| Capex / depreciation | 0.34 | 0.38 | 0.33 | 0.40 | 0.39 | 0.31 | 0.37 | 0.84 | 0.52 | 0.32 |
| Stock-based compensation / revenue | 0.8% | 0.8% | 0.8% | 1.2% | 0.7% | 0.7% | 0.5% | 0.2% | 0.2% | 0.2% |
| R&D / revenue | 2.1% | — | 1.8% | 2.0% | 2.0% | 2.4% | 2.2% | 2.1% | 2.3% | 2.5% |
| SG&A / revenue | 23.1% | 25.5% | 24.5% | 24.0% | 24.5% | 27.8% | 25.2% | 24.1% | 25.5% | 28.6% |
| Efficiency | ||||||||||
| Days sales outstanding | 81.6 | 83.0 | 82.8 | 79.5 | 76.2 | 94.1 | 86.7 | 79.8 | 80.4 | 83.2 |
| Days of inventory on hand | 122.6 | 117.8 | 107.6 | 106.1 | 101.8 | 102.1 | 95.0 | 90.0 | 87.3 | 88.8 |
| Days payables outstanding | 75.0 | 77.1 | 76.5 | 77.3 | 79.0 | 82.2 | 75.0 | 73.8 | 66.6 | 58.5 |
| Cash conversion cycle (days) | 129.1 | 123.7 | 113.9 | 108.3 | 99.0 | 114.0 | 106.8 | 95.9 | 101.1 | 113.5 |
| Receivables turnover | 4.47 | 4.40 | 4.41 | 4.59 | 4.79 | 3.88 | 4.21 | 4.58 | 4.54 | 4.39 |
| Payables turnover | 4.87 | 4.73 | 4.77 | 4.72 | 4.62 | 4.44 | 4.87 | 4.94 | 5.48 | 6.24 |
| Inventory turnover | 2.98 | 3.10 | 3.39 | 3.44 | 3.59 | 3.58 | 3.84 | 4.06 | 4.18 | 4.11 |
| Asset turnover | 0.49 | 0.49 | 0.49 | 0.48 | 0.46 | 0.38 | 0.44 | 0.49 | 0.45 | 0.42 |
| Average receivables | $769.5M | $775.0M | $810.1M | $774.4M | $725.4M | $720.2M | $733.1M | $731.6M | $669.9M | $625.9M |
| Average payables | $420.9M | $432.9M | $463.6M | $488.1M | $462.0M | $396.1M | $399.4M | $408.0M | $333.0M | $274.0M |
| Average inventory | $688.0M | $661.6M | $651.7M | $669.4M | $595.4M | $491.6M | $506.4M | $497.4M | $436.4M | $415.7M |
| Intangibles / total assets | 45.1% | 46.5% | 47.2% | 48.3% | 49.2% | 52.6% | 53.1% | 60.0% | 61.5% | 66.1% |
Computed from GTES's annual financial statements (latest annual report filed February 12, 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.
GTES valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Gates Industrial traded at 22.3 times earnings, against a 10-year median of 15.9. Based on the latest twelve months, the trailing P/E is 18.3 and the forward P/E is 13.9. Gates Industrial earned a return on equity of 7.9% and a return on invested capital of 8.7% in fiscal 2025. It ended the year with $2.5 billion of debt and $812.1 million in cash and short-term investments, net debt of $1.7 billion. It returned $119.3 million to shareholders: $0 in dividends and $119.3 million in share buybacks, 29% of free cash flow. The share count fell 8.3% from 284.0M to 260.5M over 9 years.
See the GTES income statement, the GTES chart for price history, or the GTES stock overview for the latest quote and news.
GTES key metrics FAQ
What is Gates Industrial's P/E ratio?
Gates Industrial's trailing P/E ratio is 18.3 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 13.9. At the end of fiscal 2025 it was 22.3, compared with a 10-year median of 15.9.
What is Gates Industrial's EV/EBITDA?
Gates Industrial's enterprise value was 10.4 times EBITDA at the end of fiscal 2025 (enterprise value $7.3 billion, EBITDA $703.0 million); the current EV/EBITDA is 12.0.
What is Gates Industrial's return on equity?
Gates Industrial's return on equity (ROE) was 7.9% in fiscal 2025: net income of $251.4 million on average shareholders' equity of $3.2 billion.
What is Gates Industrial's ROIC?
Gates Industrial's return on invested capital was 8.7% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Gates Industrial have?
Gates Industrial had total debt of $2.5 billion at the end of fiscal 2025, a debt-to-equity ratio of 0.75 and $1.7 billion of net debt (2.42 times EBITDA).
Does Gates Industrial buy back its shares?
Yes. Gates Industrial spent $119.3 million on net share repurchases in fiscal 2025 Shares outstanding changed −1.1% over the year, to 260.5M..
What is Gates Industrial's free cash flow yield?
Gates Industrial generated $404.9 million of free cash flow in fiscal 2025, a free cash flow yield of 7.2% on its market value at year-end ($5.6 billion).
What is Gates Industrial's current ratio?
Gates Industrial's current ratio was 3.37 at the end of fiscal 2025: current assets were 3.37 times current liabilities.