McGraw Hill, Inc. (MH) Key Metrics
MH valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $2.67B
- Enterprise value
- $4.95B
- P/E (TTM)
- 29.1
- Forward P/E
- 17.5
- PEG ratio
- —
- Price / sales
- 1.3
- Price / book
- 3.2
- EV / EBITDA
- 7.2
- Dividend yield
- —
- Beta
- —
MH key metrics, FY2017–FY2026
Fiscal year ended March 31, 2026 · U.S. dollarsMH returns How much profit the business earns on the capital it uses.
MH per-share figures Results divided by the shares outstanding at year-end.
MH financial health Debt, liquidity and how easily interest is covered.
MH efficiency & capital use Working capital cycle and where the cash goes.
MH valuation history
MH returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
MH debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
MH cash returned to shareholders
MH price vs earnings per share
MH key metrics
FY2017–FY2026| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $2.52B | — | — | — | — | — | — | — | — | — |
| Enterprise value | $4.91B | — | — | — | — | — | — | — | — | — |
| P/E ratio | 71.2 | — | — | — | — | — | — | — | — | — |
| Price / sales | 1.2 | — | — | — | — | — | — | — | — | — |
| Price / book | 3.5 | — | — | — | — | — | — | — | — | — |
| Price / free cash flow | 10.2 | — | — | — | — | — | — | — | — | — |
| Price / operating cash flow | 7.6 | — | — | — | — | — | — | — | — | — |
| EV / sales | 2.3 | — | — | — | — | — | — | — | — | — |
| EV / EBITDA | 7.2 | — | — | — | — | — | — | — | — | — |
| EV / free cash flow | 19.9 | — | — | — | — | — | — | — | — | — |
| Earnings yield | 1.4% | — | — | — | — | — | — | — | — | — |
| Free cash flow yield | 9.8% | — | — | — | — | — | — | — | — | — |
| Share price at fiscal year-end | $13.70 | — | — | — | — | — | — | — | — | — |
| Per share | ||||||||||
| Revenue per share | $11.45 | $11.00 | $10.26 | $10.20 | $9.37 | — | — | — | — | — |
| Earnings per share | $0.19 | −$0.45 | −$1.01 | −$2.12 | −$3.53 | — | — | — | — | — |
| Operating cash flow per share | $1.80 | $3.38 | $1.24 | $1.34 | $1.08 | — | — | — | — | — |
| Free cash flow per share | $1.34 | $3.01 | $0.42 | $0.61 | $0.92 | — | — | — | — | — |
| Cash per share | $1.38 | $2.04 | $1.07 | $0.95 | $1.55 | — | — | — | — | — |
| Book value per share | $3.95 | $1.47 | $1.93 | $2.92 | $4.97 | — | — | — | — | — |
| Tangible book value per share | −$18.02 | −$20.70 | −$21.31 | −$21.85 | −$21.75 | — | — | — | — | — |
| Capex per share | $0.46 | $0.37 | $0.82 | $0.74 | $0.16 | — | — | — | — | — |
| Debt per share | $14.40 | $17.04 | $18.48 | $18.80 | $19.36 | — | — | — | — | — |
| Shares outstanding | 183.7M | 191.0M | 191.0M | 191.0M | 191.0M | — | — | — | — | — |
| Change in shares outstanding | −3.8% | 0.0% | 0.0% | 0.0% | — | — | — | — | — | — |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 7.0% | −26.5% | −41.6% | −53.6% | — | — | — | — | — | — |
| Return on invested capital (ROIC) | 8.1% | 4.5% | 3.2% | −3.6% | −14.6% | 40.2% | 7.5% | 3.9% | 10.5% | 10.0% |
| Return on assets (ROA) | 0.6% | −1.5% | −3.2% | −6.4% | −15.1% | 2.0% | −5.7% | −6.4% | −2.6% | −5.2% |
| Return on tangible assets | 2.4% | −5.6% | −14.1% | −30.1% | −45.3% | 3.2% | −10.9% | −11.1% | −4.9% | −10.6% |
| Free cash flow margin | 11.7% | 27.4% | 4.1% | 6.0% | 9.8% | 18.6% | 12.0% | 5.8% | 12.7% | 9.2% |
| Income quality (OCF / net income) | 9.38 | — | — | — | — | 8.84 | — | — | — | — |
| Financial health | ||||||||||
| Total debt | $2.65B | $3.26B | $3.53B | $3.59B | $3.70B | $2.24B | $2.31B | $2.22B | $2.24B | $2.35B |
| Cash & short-term investments | $253.5M | $389.8M | $203.6M | $181.5M | $296.4M | $354.3M | $177.0M | $314.9M | $407.6M | $418.8M |
| Net debt | $2.39B | $2.87B | $3.33B | $3.41B | $3.40B | $1.89B | $2.13B | $1.90B | $1.83B | $1.93B |
| Debt / equity | 3.64 | 11.62 | 9.57 | 6.43 | 3.90 | — | — | — | — | — |
| Debt / assets | 0.48 | 0.57 | 0.61 | 0.59 | 0.56 | 0.96 | 1.03 | 0.88 | 0.89 | 0.91 |
| Net debt / EBITDA | 3.53 | 4.28 | 5.82 | 6.88 | 10.13 | 5.19 | 10.61 | 12.61 | 8.44 | 8.16 |
| Current ratio | 0.77 | 0.79 | 0.79 | 0.79 | 0.75 | 0.87 | 0.81 | 1.03 | 1.16 | 1.23 |
| Quick ratio | 0.61 | 0.66 | 0.60 | 0.57 | 0.56 | 0.71 | 0.60 | 0.83 | 0.95 | 1.00 |
| Interest coverage | 1.5 | 1.0 | 0.5 | -0.7 | -2.0 | 1.3 | 0.3 | 0.2 | 0.5 | 0.5 |
| Working capital | −$292.9M | −$277.8M | −$239.1M | −$245.9M | −$303.6M | −$126.3M | −$164.7M | $25.9M | $131.6M | $178.4M |
| Invested capital | $3.12B | $3.15B | $3.69B | $3.97B | $4.35B | $382.3M | $560.2M | $598.5M | $633.7M | $776.4M |
| Tangible asset value | −$3.31B | −$3.95B | −$4.07B | −$4.17B | −$4.15B | −$2.45B | −$2.56B | −$2.38B | −$2.36B | −$2.43B |
| Net current asset value | −$3.79B | −$4.42B | −$4.54B | −$4.61B | −$4.73B | −$2.99B | −$3.10B | −$2.86B | −$2.77B | −$2.77B |
| Graham number | $4.14 | — | — | — | — | — | — | — | — | — |
| Graham net-net per share | −$22.52 | −$24.85 | −$25.52 | −$26.06 | −$26.41 | — | — | — | — | — |
| Capital allocation | ||||||||||
| Dividends paid | — | — | — | — | — | — | — | — | — | $300.6M |
| Share buybacks (net) | — | $0 | $0 | $0 | — | — | $2.3M | $9.8M | $2.9M | $4.6M |
| Dividends + buybacks / free cash flow | — | 0.0% | 0.0% | 0.0% | — | — | 1.2% | 10.5% | 1.3% | 191.1% |
| Capex / revenue | 4.0% | 3.4% | 8.0% | 7.2% | 1.7% | 7.0% | 4.7% | 4.0% | 2.6% | 2.2% |
| Capex / operating cash flow | 25.6% | 11.0% | 66.3% | 54.8% | 14.9% | 27.3% | 28.0% | 40.4% | 17.1% | 19.3% |
| Capex / depreciation | 0.23 | 0.20 | 0.43 | 0.38 | 0.09 | 0.90 | 0.28 | 0.26 | 0.18 | 0.16 |
| Stock-based compensation / revenue | 1.6% | 0.0% | 0.0% | 0.0% | 4.7% | 0.5% | 0.8% | 1.3% | 0.8% | 0.6% |
| R&D / revenue | 13.1% | 13.5% | 13.4% | 14.3% | — | 2.3% | 2.4% | 0.3% | — | — |
| SG&A / revenue | 35.6% | 34.5% | 36.0% | 36.4% | 57.9% | — | — | — | — | — |
| Efficiency | ||||||||||
| Days sales outstanding | 60.8 | 59.0 | 60.3 | 52.5 | 49.3 | 55.9 | 67.8 | 71.0 | 57.4 | 56.1 |
| Days of inventory on hand | 167.9 | 167.6 | 200.7 | 186.4 | 165.6 | 179.3 | 184.7 | 164.0 | 147.0 | 146.9 |
| Days payables outstanding | 124.4 | 111.0 | 112.4 | 119.8 | 123.8 | 131.0 | 125.6 | 114.0 | 104.1 | 129.2 |
| Cash conversion cycle (days) | 104.3 | 115.6 | 148.6 | 119.0 | 91.1 | 104.2 | 126.9 | 121.0 | 100.3 | 73.9 |
| Receivables turnover | 6.00 | 6.19 | 6.05 | 6.96 | 7.41 | 6.53 | 5.38 | 5.14 | 6.36 | 6.51 |
| Payables turnover | 2.93 | 3.29 | 3.25 | 3.05 | 2.95 | 2.79 | 2.91 | 3.20 | 3.51 | 2.83 |
| Inventory turnover | 2.17 | 2.18 | 1.82 | 1.96 | 2.20 | 2.04 | 1.98 | 2.23 | 2.48 | 2.48 |
| Asset turnover | 0.37 | 0.36 | 0.33 | 0.31 | 0.40 | 0.68 | 0.67 | 0.63 | 0.67 | 0.66 |
| Average receivables | $350.5M | $339.4M | $324.0M | $279.9M | $241.7M | $236.7M | $294.3M | $310.6M | $270.3M | $267.4M |
| Average payables | $136.7M | $128.4M | $129.4M | $152.5M | $141.9M | $120.8M | $123.3M | $123.3M | $121.7M | $151.3M |
| Average inventory | $184.5M | $193.9M | $231.1M | $237.3M | $189.9M | $165.3M | $181.3M | $177.3M | $171.9M | $172.0M |
| Intangibles / total assets | 73.6% | 73.5% | 76.4% | 77.9% | 77.4% | 40.5% | 44.2% | 42.8% | 46.0% | 49.8% |
Computed from MH's annual financial statements (latest annual report filed June 11, 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.
MH valuation and financial ratios
At the end of fiscal 2026 (March 31, 2026), McGraw Hill traded at 71.2 times earnings. Based on the latest twelve months, the trailing P/E is 29.1 and the forward P/E is 17.5. McGraw Hill earned a return on equity of 7.0% and a return on invested capital of 8.1% in fiscal 2026. It ended the year with $2.6 billion of debt and $253.5 million in cash and short-term investments, net debt of $2.4 billion.
See the MH income statement, the MH chart for price history, or the MH stock overview for the latest quote and news.
MH key metrics FAQ
What is McGraw Hill's P/E ratio?
McGraw Hill's trailing P/E ratio is 29.1 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 17.5. At the end of fiscal 2026 it was 71.2.
What is McGraw Hill's EV/EBITDA?
McGraw Hill's enterprise value was 7.2 times EBITDA at the end of fiscal 2026 (enterprise value $4.9 billion, EBITDA $677.7 million); the current EV/EBITDA is 7.2.
What is McGraw Hill's return on equity?
McGraw Hill's return on equity (ROE) was 7.0% in fiscal 2026: net income of $35.3 million on average shareholders' equity of $503.2 million.
What is McGraw Hill's ROIC?
McGraw Hill's return on invested capital was 8.1% in fiscal 2026, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does McGraw Hill have?
McGraw Hill had total debt of $2.6 billion at the end of fiscal 2026, a debt-to-equity ratio of 3.64 and $2.4 billion of net debt (3.53 times EBITDA).
What is McGraw Hill's free cash flow yield?
McGraw Hill generated $246.3 million of free cash flow in fiscal 2026, a free cash flow yield of 9.8% on its market value at year-end ($2.5 billion).
What is McGraw Hill's current ratio?
McGraw Hill's current ratio was 0.77 at the end of fiscal 2026: current assets were 0.77 times current liabilities.