IES Holdings, Inc. (IESC) Key Metrics
IESC valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $10.68B
- Enterprise value
- $9.73B
- P/E (TTM)
- 22.4 10-yr median 14.5
- Forward P/E
- 208.3
- PEG ratio
- —
- Price / sales
- 2.7 10-yr median 0.5
- Price / book
- 10.4 10-yr median 2.1
- EV / EBITDA
- 19.4 10-yr median 9.0
- Dividend yield
- —
- Beta
- 1.77
IESC key metrics, FY2016–FY2025
Fiscal year ended September 30, 2025 · U.S. dollarsIESC valuation Price multiples at each fiscal year-end price.
IESC returns How much profit the business earns on the capital it uses.
IESC per-share figures Results divided by the shares outstanding at year-end.
IESC financial health Debt, liquidity and how easily interest is covered.
IESC efficiency & capital use Working capital cycle and where the cash goes.
IESC valuation history
IESC returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
IESC debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
IESC cash returned to shareholders
IESC price vs earnings per share
IESC key metrics
FY2016–FY2025| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $8.03B | $4.08B | $1.34B | $577.1M | $963.4M | $670.1M | $438.9M | $413.3M | $186.3M | $191.2M |
| Enterprise value | $7.95B | $4.00B | $1.33B | $689.4M | $1.02B | $648.3M | $420.2M | $416.6M | $187.4M | $231.3M |
| P/E ratio | 26.2 | 18.6 | 12.4 | 16.6 | 14.5 | 16.1 | 13.2 | — | 13.9 | 1.6 |
| Price / sales | 2.4 | 1.4 | 0.6 | 0.3 | 0.6 | 0.6 | 0.4 | 0.5 | 0.2 | 0.3 |
| Price / book | 9.1 | 6.7 | 3.0 | 1.6 | 2.8 | 2.4 | 1.8 | 1.9 | 0.8 | 0.8 |
| Price / free cash flow | 36.7 | 21.5 | 9.9 | — | 31.6 | 9.3 | 13.5 | 54.4 | 10.5 | 8.9 |
| Price / operating cash flow | 28.1 | 17.4 | 8.7 | 35.4 | 25.4 | 8.7 | 11.3 | 33.8 | 8.4 | 7.6 |
| EV / sales | 2.4 | 1.4 | 0.6 | 0.3 | 0.7 | 0.5 | 0.4 | 0.5 | 0.2 | 0.3 |
| EV / EBITDA | 18.0 | 11.7 | 7.0 | 8.5 | 9.5 | 10.4 | 8.2 | 11.9 | 6.2 | 7.6 |
| EV / free cash flow | 36.3 | 21.1 | 9.8 | — | 33.5 | 9.0 | 13.0 | 54.8 | 10.6 | 10.7 |
| Earnings yield | 3.8% | 5.4% | 8.1% | 6.0% | 6.9% | 6.2% | 7.6% | −3.4% | 7.2% | 63.2% |
| Free cash flow yield | 2.7% | 4.6% | 10.1% | −2.3% | 3.2% | 10.7% | 7.4% | 1.8% | 9.5% | 11.3% |
| Dividend yield | — | — | 0.0% | — | — | 88.5% | — | 0.0% | 2.9% | 10.6% |
| Shareholder yield (dividends + buybacks) | 0.5% | 1.1% | 0.6% | 3.2% | 0.7% | 89.6% | 2.2% | 0.5% | 4.2% | 10.9% |
| Share price at fiscal year-end | $198.82 | $99.81 | $32.94 | $13.81 | $22.84 | $15.88 | $10.29 | $9.75 | $8.65 | $8.89 |
| Per share | ||||||||||
| Revenue per share | $83.52 | $70.64 | $58.23 | $51.85 | $36.43 | $28.23 | $25.26 | $20.68 | $37.65 | $32.38 |
| Earnings per share | $7.58 | $5.37 | $2.65 | $0.83 | $1.58 | $0.99 | $0.78 | −$0.33 | $0.62 | $5.62 |
| Operating cash flow per share | $7.09 | $5.74 | $3.77 | $0.39 | $0.90 | $1.82 | $0.91 | $0.29 | $1.04 | $1.16 |
| Free cash flow per share | $5.42 | $4.63 | $3.34 | −$0.31 | $0.72 | $1.71 | $0.76 | $0.18 | $0.82 | $1.01 |
| Cash per share | $5.74 | $3.33 | $1.86 | $0.59 | $0.55 | $1.27 | $0.44 | $0.62 | $1.31 | $1.54 |
| Book value per share | $21.90 | $14.97 | $11.02 | $8.65 | $8.20 | $6.72 | $5.78 | $5.20 | $11.15 | $10.47 |
| Tangible book value per share | $18.20 | $11.54 | $7.38 | $4.71 | $3.98 | $4.51 | $3.96 | $3.28 | $7.52 | $7.14 |
| Dividends per share | — | — | $0.00 | — | — | $14.05 | — | $0.00 | $0.25 | $0.94 |
| Capex per share | $1.67 | $1.11 | $0.43 | $0.70 | $0.18 | $0.11 | $0.15 | $0.11 | $0.21 | $0.16 |
| Debt per share | $3.91 | $1.53 | $1.51 | $3.28 | $1.95 | $0.75 | $0.01 | $0.70 | $1.37 | $3.40 |
| Shares outstanding | 40.4M | 40.8M | 40.8M | 41.8M | 42.2M | 42.2M | 42.6M | 42.4M | 21.5M | 21.5M |
| Change in shares outstanding | −1.1% | +0.0% | −2.3% | −0.9% | −0.0% | −1.0% | +0.6% | +96.9% | +0.2% | −50.1% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 40.9% | 41.3% | 26.7% | 9.8% | 21.2% | 15.7% | 14.2% | −6.2% | 5.8% | 74.0% |
| Return on invested capital (ROIC) | 43.4% | 47.2% | 26.5% | 9.7% | 20.8% | 16.9% | 15.5% | 5.6% | 5.8% | 15.3% |
| Return on assets (ROA) | 21.5% | 19.7% | 11.3% | 4.1% | 10.0% | 8.3% | 7.7% | −3.4% | 3.3% | 39.0% |
| Return on tangible assets | 21.2% | 19.8% | 13.0% | 4.5% | 11.3% | 8.9% | 9.0% | −4.2% | 3.9% | 37.4% |
| Free cash flow margin | 6.5% | 6.6% | 5.7% | −0.6% | 2.0% | 6.0% | 3.0% | 0.9% | 2.2% | 3.1% |
| Income quality (OCF / net income) | 0.94 | 1.07 | 1.42 | 0.47 | 0.57 | 1.84 | 1.17 | — | 1.66 | 0.21 |
| Financial health | ||||||||||
| Total debt | $157.7M | $62.4M | $61.6M | $137.1M | $82.4M | $31.8M | $299,000 | $29.6M | $29.4M | $73.1M |
| Cash & short-term investments | $231.8M | $135.8M | $75.8M | $24.8M | $23.1M | $53.6M | $18.9M | $26.2M | $28.3M | $33.0M |
| Net debt | −$74.1M | −$73.4M | −$14.2M | $112.2M | $59.3M | −$21.8M | −$18.6M | $3.3M | $1.1M | $40.1M |
| Debt / equity | 0.18 | 0.10 | 0.14 | 0.38 | 0.24 | 0.11 | 0.00 | 0.13 | 0.12 | 0.32 |
| Debt / assets | 0.10 | 0.05 | 0.06 | 0.15 | 0.11 | 0.06 | 0.00 | 0.07 | 0.07 | 0.19 |
| Net debt / EBITDA | −0.17 | −0.21 | −0.07 | 1.38 | 0.55 | −0.35 | −0.36 | 0.10 | 0.04 | 1.32 |
| Current ratio | 1.71 | 1.67 | 1.68 | 1.55 | 1.55 | 1.53 | 1.53 | 1.60 | 1.54 | 1.58 |
| Quick ratio | 1.54 | 1.47 | 1.44 | 1.31 | 1.33 | 1.43 | 1.42 | 1.47 | 1.43 | 1.48 |
| Interest coverage | 211.4 | 224.9 | 52.9 | 18.9 | 89.0 | 64.5 | 22.6 | 13.4 | 11.9 | 19.5 |
| Working capital | $452.1M | $349.1M | $270.7M | $222.5M | $172.6M | $129.0M | $103.0M | $98.3M | $81.2M | $76.6M |
| Invested capital | $809.9M | $537.7M | $435.8M | $473.5M | $405.2M | $261.5M | $227.6M | $223.7M | $241.1M | $265.2M |
| Tangible asset value | $738.5M | $512.3M | $351.3M | $226.2M | $192.5M | $192.0M | $172.3M | $142.3M | $161.9M | $153.5M |
| Net current asset value | $377.8M | $279.8M | $189.6M | $80.2M | $88.1M | $96.0M | $100.7M | $64.3M | $47.3M | $40.5M |
| Graham number | $61.11 | $42.51 | $25.65 | $12.72 | $17.08 | $12.21 | $10.06 | — | $12.49 | $36.39 |
| Graham net-net per share | $2.99 | $1.46 | $0.22 | −$2.52 | −$1.43 | $0.08 | $0.42 | −$0.14 | −$0.67 | −$0.44 |
| Capital allocation | ||||||||||
| Dividends paid | — | — | $22,000 | — | — | $592.8M | — | $189,000 | $5.4M | $20.3M |
| Share buybacks (net) | $41.6M | $44.0M | $8.3M | $18.6M | $7.0M | $7.7M | $9.8M | $2.1M | $2.4M | $590,000 |
| Dividend payout ratio | — | — | 0.0% | — | — | — | — | — | 40.3% | 16.8% |
| Dividends + buybacks / free cash flow | 19.0% | 23.3% | 6.1% | — | 23.0% | 834.0% | 30.3% | 29.6% | 43.9% | 96.7% |
| Capex / revenue | 2.0% | 1.6% | 0.7% | 1.4% | 0.5% | 0.4% | 0.6% | 0.5% | 0.6% | 0.5% |
| Capex / operating cash flow | 23.5% | 19.3% | 11.5% | 179.8% | 19.5% | 6.1% | 16.3% | 37.6% | 20.6% | 13.6% |
| Capex / depreciation | 1.43 | 1.22 | 0.60 | 1.15 | 0.34 | 0.38 | 0.66 | 0.52 | 0.48 | 0.60 |
| Stock-based compensation / revenue | 0.4% | 0.2% | 0.2% | 0.2% | 0.2% | 0.3% | 0.2% | −0.0% | 0.2% | 0.2% |
| SG&A / revenue | 14.1% | 13.8% | 12.6% | 12.1% | 13.2% | 14.4% | 13.1% | 14.1% | 14.9% | 14.5% |
| Efficiency | ||||||||||
| Days sales outstanding | 72.6 | 70.2 | 75.0 | 72.4 | 77.8 | 81.1 | 76.7 | 80.1 | 76.0 | 74.2 |
| Days of inventory on hand | 15.5 | 16.5 | 18.1 | 16.3 | 13.7 | 8.8 | 8.7 | 9.5 | 8.2 | 8.7 |
| Days payables outstanding | 26.1 | 24.0 | 30.6 | 31.8 | 33.7 | 33.8 | 32.7 | 34.8 | 34.9 | 35.9 |
| Cash conversion cycle (days) | 62.0 | 62.6 | 62.6 | 56.9 | 57.8 | 56.0 | 52.6 | 54.9 | 49.3 | 47.0 |
| Receivables turnover | 5.03 | 5.20 | 4.87 | 5.04 | 4.69 | 4.50 | 4.76 | 4.55 | 4.80 | 4.92 |
| Payables turnover | 14.00 | 15.19 | 11.95 | 11.48 | 10.84 | 10.78 | 11.15 | 10.49 | 10.45 | 10.16 |
| Inventory turnover | 23.56 | 22.17 | 20.13 | 22.41 | 26.72 | 41.48 | 42.10 | 38.39 | 44.53 | 41.87 |
| Asset turnover | 2.37 | 2.59 | 2.48 | 2.55 | 2.32 | 2.37 | 2.48 | 2.07 | 1.98 | 2.25 |
| Average receivables | $670.5M | $554.6M | $488.6M | $429.7M | $327.6M | $264.6M | $226.3M | $192.5M | $168.9M | $141.4M |
| Average payables | $179.4M | $144.0M | $161.8M | $161.0M | $115.1M | $89.3M | $80.3M | $69.3M | $64.1M | $56.0M |
| Average inventory | $106.6M | $98.7M | $96.0M | $82.5M | $46.7M | $23.2M | $21.3M | $18.9M | $15.1M | $13.6M |
| Intangibles / total assets | 9.4% | 11.2% | 15.1% | 17.6% | 23.2% | 16.6% | 17.3% | 19.3% | 18.4% | 18.2% |
Computed from IESC's annual financial statements (latest annual report filed November 21, 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.
IESC valuation and financial ratios
At the end of fiscal 2025 (September 30, 2025), IES traded at 26.2 times earnings, against a 10-year median of 14.5. Based on the latest twelve months, the trailing P/E is 22.4 and the forward P/E is 208.3. IES earned a return on equity of 40.9% and a return on invested capital of 43.4% in fiscal 2025. It ended the year with $157.7 million of debt and $231.8 million in cash and short-term investments, a net cash position of $74.1 million. It returned $41.6 million to shareholders: $0 in dividends and $41.6 million in share buybacks, 19% of free cash flow. The share count rose 87.8% from 21.5M to 40.4M over 9 years.
See the IESC income statement, the IESC chart for price history, or the IESC stock overview for the latest quote and news.
IESC key metrics FAQ
What is IES's P/E ratio?
IES's trailing P/E ratio is 22.4 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 208.3. At the end of fiscal 2025 it was 26.2, compared with a 10-year median of 14.5.
What is IES's EV/EBITDA?
IES's enterprise value was 18.0 times EBITDA at the end of fiscal 2025 (enterprise value $8.0 billion, EBITDA $442.2 million); the current EV/EBITDA is 19.4.
What is IES's return on equity?
IES's return on equity (ROE) was 40.9% in fiscal 2025: net income of $306.0 million on average shareholders' equity of $747.5 million.
What is IES's ROIC?
IES's return on invested capital was 43.4% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does IES have?
IES had total debt of $157.7 million at the end of fiscal 2025, a debt-to-equity ratio of 0.18 and more cash than debt.
Does IES buy back its shares?
Yes. IES spent $41.6 million on net share repurchases in fiscal 2025 Shares outstanding changed −1.1% over the year, to 40.4M..
What is IES's free cash flow yield?
IES generated $218.8 million of free cash flow in fiscal 2025, a free cash flow yield of 2.7% on its market value at year-end ($8.0 billion).
What is IES's current ratio?
IES's current ratio was 1.71 at the end of fiscal 2025: current assets were 1.71 times current liabilities.