Penske Automotive Group, Inc. (PAG) Key Metrics
PAG valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $13.95B
- Enterprise value
- $22.96B
- P/E (TTM)
- 14.9 10-yr median 9.2
- Forward P/E
- 14.7
- PEG ratio
- 2.11
- Price / sales
- 0.4 10-yr median 0.3
- Price / book
- 2.4 10-yr median 1.9
- EV / EBITDA
- 13.6 10-yr median 10.9
- Dividend yield
- 2.75% $5.84 a year
- Beta
- 0.91
PAG key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsPAG valuation Price multiples at each fiscal year-end price.
PAG returns How much profit the business earns on the capital it uses.
PAG per-share figures Results divided by the shares outstanding at year-end.
PAG financial health Debt, liquidity and how easily interest is covered.
PAG efficiency & capital use Working capital cycle and where the cash goes.
PAG valuation history
PAG returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
PAG debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
PAG cash returned to shareholders
PAG price vs earnings per share
PAG key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $10.48B | $10.20B | $10.91B | $8.55B | $8.55B | $4.79B | $4.14B | $3.44B | $4.11B | $4.46B |
| Enterprise value | $19.24B | $14.37B | $18.55B | $15.40B | $14.85B | $11.92B | $12.78B | $9.40B | $9.99B | $9.63B |
| P/E ratio | 11.2 | 10.5 | 9.8 | 6.2 | 7.2 | 8.8 | 9.5 | 7.3 | 6.7 | 13.0 |
| Price / sales | 0.3 | 0.3 | 0.4 | 0.3 | 0.3 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 |
| Price / book | 1.9 | 2.0 | 2.3 | 2.1 | 2.1 | 1.4 | 1.5 | 1.3 | 1.7 | 2.5 |
| Price / free cash flow | 16.1 | 12.6 | 15.2 | 7.3 | 8.2 | 4.7 | 15.2 | 11.1 | 10.9 | 26.3 |
| Price / operating cash flow | 10.7 | 8.6 | 10.0 | 5.9 | 6.6 | 4.0 | 8.0 | 5.6 | 6.6 | 12.0 |
| EV / sales | 0.6 | 0.5 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 0.4 | 0.5 | 0.5 |
| EV / EBITDA | 11.3 | 8.3 | 10.0 | 7.3 | 8.1 | 12.2 | 14.1 | 10.4 | 12.3 | 13.1 |
| EV / free cash flow | 29.6 | 17.7 | 25.8 | 13.1 | 14.2 | 11.7 | 46.8 | 30.4 | 26.5 | 56.7 |
| Earnings yield | 8.9% | 9.5% | 10.2% | 16.1% | 13.9% | 11.4% | 10.5% | 13.7% | 14.9% | 7.7% |
| Free cash flow yield | 6.2% | 8.0% | 6.6% | 13.8% | 12.2% | 21.2% | 6.6% | 9.0% | 9.2% | 3.8% |
| Dividend yield | 3.3% | 2.7% | 1.7% | 1.8% | 1.7% | 1.4% | 3.2% | 3.5% | 2.6% | 2.1% |
| Shareholder yield (dividends + buybacks) | 4.8% | 3.3% | 5.0% | 12.0% | 4.9% | 2.0% | 7.2% | 5.5% | 3.1% | 6.0% |
| Share price at fiscal year-end | $158.29 | $152.44 | $160.51 | $114.93 | $107.22 | $59.39 | $50.22 | $40.32 | $47.85 | $51.84 |
| Per share | ||||||||||
| Revenue per share | $480.50 | $476.43 | $454.65 | $373.88 | $320.45 | $253.66 | $280.98 | $267.43 | $249.04 | $233.93 |
| Earnings per share | $14.13 | $14.49 | $16.31 | $18.55 | $14.89 | $6.74 | $5.28 | $5.53 | $7.14 | $3.99 |
| Operating cash flow per share | $14.73 | $17.64 | $16.08 | $19.61 | $16.22 | $14.91 | $6.29 | $7.21 | $7.26 | $4.34 |
| Free cash flow per share | $9.83 | $12.13 | $10.56 | $15.81 | $13.10 | $12.60 | $3.31 | $3.63 | $4.38 | $1.97 |
| Cash per share | $0.98 | $1.08 | $1.42 | $1.43 | $1.26 | $0.61 | $0.34 | $0.46 | $0.53 | $0.28 |
| Book value per share | $84.03 | $78.16 | $69.50 | $55.76 | $51.04 | $40.98 | $33.86 | $30.62 | $27.89 | $20.36 |
| Tangible book value per share | $29.65 | $27.58 | $25.63 | $17.51 | $16.36 | $10.06 | $4.00 | $4.35 | $3.04 | $0.46 |
| Dividends per share | $5.19 | $4.10 | $2.78 | $2.07 | $1.79 | $0.84 | $1.59 | $1.42 | $1.26 | $1.11 |
| Capex per share | $4.90 | $5.51 | $5.52 | $3.80 | $3.12 | $2.31 | $2.97 | $3.59 | $2.88 | $2.36 |
| Debt per share | $133.28 | $63.46 | $113.78 | $93.48 | $80.28 | $89.14 | $105.07 | $70.51 | $68.99 | $60.41 |
| Shares outstanding | 66.2M | 66.9M | 68.0M | 74.4M | 79.7M | 80.6M | 82.5M | 85.2M | 85.9M | 86.0M |
| Change in shares outstanding | −1.0% | −1.6% | −8.6% | −6.7% | −1.1% | −2.3% | −3.2% | −0.8% | −0.1% | −4.2% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 17.3% | 19.5% | 25.0% | 33.6% | 32.2% | 17.8% | 16.1% | 18.8% | 29.6% | 19.4% |
| Return on invested capital (ROIC) | 8.0% | 9.5% | 9.4% | 10.4% | 9.7% | 5.0% | 4.8% | 6.1% | 8.0% | 5.9% |
| Return on assets (ROA) | 5.3% | 6.0% | 7.4% | 10.0% | 8.9% | 4.0% | 3.5% | 4.4% | 6.3% | 4.1% |
| Return on tangible assets | 6.3% | 7.3% | 8.7% | 12.2% | 11.1% | 5.1% | 3.8% | 5.4% | 7.3% | 4.8% |
| Free cash flow margin | 2.0% | 2.5% | 2.3% | 4.2% | 4.1% | 5.0% | 1.2% | 1.4% | 1.8% | 0.8% |
| Income quality (OCF / net income) | 1.04 | 1.22 | 0.99 | 1.06 | 1.09 | 2.21 | 1.19 | 1.31 | 1.02 | 1.09 |
| Financial health | ||||||||||
| Total debt | $8.82B | $4.24B | $7.74B | $6.95B | $6.40B | $7.18B | $8.67B | $6.01B | $5.92B | $5.19B |
| Cash & short-term investments | $64.7M | $72.4M | $96.4M | $106.5M | $100.7M | $49.5M | $28.1M | $39.4M | $45.7M | $24.0M |
| Net debt | $8.76B | $4.17B | $7.64B | $6.85B | $6.30B | $7.13B | $8.64B | $5.97B | $5.88B | $5.17B |
| Debt / equity | 1.59 | 0.81 | 1.64 | 1.68 | 1.57 | 2.18 | 3.10 | 2.30 | 2.47 | 2.97 |
| Debt / assets | 0.48 | 0.25 | 0.49 | 0.49 | 0.48 | 0.54 | 0.62 | 0.55 | 0.56 | 0.59 |
| Net debt / EBITDA | 5.16 | 2.41 | 4.14 | 3.25 | 3.45 | 7.28 | 9.50 | 6.61 | 7.22 | 7.04 |
| Current ratio | 0.99 | 0.91 | 1.00 | 0.99 | 0.95 | 0.94 | 0.98 | 1.01 | 1.01 | 1.05 |
| Quick ratio | 0.22 | 0.20 | 0.25 | 0.25 | 0.22 | 0.21 | 0.20 | 0.21 | 0.22 | 0.24 |
| Interest coverage | 4.9 | 4.9 | 6.4 | 12.1 | 14.3 | 4.5 | 3.1 | 3.4 | 3.6 | 4.2 |
| Working capital | −$86.5M | −$558.1M | $21.8M | −$48.9M | −$199.2M | −$266.1M | −$116.9M | $46.9M | $26.1M | $191.9M |
| Invested capital | $14.32B | $9.40B | $12.37B | $11.00B | $10.37B | $10.44B | $11.43B | $8.58B | $8.27B | $6.92B |
| Tangible asset value | $1.98B | $1.84B | $1.77B | $1.33B | $1.33B | $834.3M | $348.4M | $396.5M | $293.5M | $68.1M |
| Net current asset value | −$6.60B | −$5.57B | −$5.24B | −$5.28B | −$5.29B | −$5.51B | −$5.80B | −$3.17B | −$3.09B | −$2.66B |
| Graham number | $163.44 | $159.61 | $159.69 | $152.55 | $130.78 | $78.86 | $63.44 | $61.72 | $66.95 | $42.74 |
| Graham net-net per share | −$143.85 | −$124.84 | −$115.25 | −$99.45 | −$89.71 | −$93.72 | −$100.04 | −$64.71 | −$62.63 | −$54.58 |
| Capital allocation | ||||||||||
| Dividends paid | $343.8M | $274.4M | $189.1M | $154.1M | $142.5M | $68.1M | $130.8M | $121.2M | $108.4M | $95.1M |
| Share buybacks (net) | $159.1M | $58.7M | $358.7M | $869.3M | $280.6M | $29.4M | $169.2M | $68.9M | $18.5M | $173.6M |
| Dividend payout ratio | 36.8% | 28.3% | 17.1% | 11.2% | 12.0% | 12.5% | 30.0% | 25.7% | 17.7% | 27.7% |
| Dividends + buybacks / free cash flow | 77.3% | 41.1% | 76.3% | 87.0% | 40.5% | 9.6% | 109.8% | 61.5% | 33.7% | 158.2% |
| Capex / revenue | 1.0% | 1.2% | 1.2% | 1.0% | 1.0% | 0.9% | 1.1% | 1.3% | 1.2% | 1.0% |
| Capex / operating cash flow | 33.3% | 31.3% | 34.3% | 19.4% | 19.2% | 15.5% | 47.3% | 49.7% | 39.6% | 54.5% |
| Capex / depreciation | 1.88 | 2.33 | 2.66 | 2.22 | 2.05 | 1.61 | 2.24 | 2.95 | 2.60 | 2.26 |
| Stock-based compensation / revenue | 0.1% | 0.1% | 0.1% | 0.1% | −0.8% | −0.6% | −0.4% | 0.1% | 0.1% | 0.1% |
| SG&A / revenue | 11.8% | 11.6% | 11.5% | 11.6% | 11.6% | 11.6% | 11.6% | 11.6% | 11.8% | 11.4% |
| Efficiency | ||||||||||
| Days sales outstanding | 11.9 | 12.1 | 11.9 | 10.8 | 11.0 | 15.8 | 14.9 | 15.1 | 15.6 | 15.1 |
| Days of inventory on hand | 64.9 | 61.2 | 55.3 | 52.7 | 56.7 | 81.3 | 76.8 | 75.2 | 73.9 | 73.1 |
| Days payables outstanding | 12.0 | 11.8 | 12.2 | 12.9 | 12.5 | 13.9 | 11.4 | 11.7 | 11.4 | 10.5 |
| Cash conversion cycle (days) | 64.8 | 61.5 | 55.0 | 50.6 | 55.2 | 83.2 | 80.2 | 78.6 | 78.1 | 77.6 |
| Receivables turnover | 30.70 | 30.11 | 30.59 | 33.91 | 33.17 | 23.14 | 24.54 | 24.19 | 23.32 | 24.22 |
| Payables turnover | 30.36 | 31.01 | 29.96 | 28.35 | 29.27 | 26.27 | 31.89 | 31.25 | 31.90 | 34.61 |
| Inventory turnover | 5.62 | 5.97 | 6.61 | 6.92 | 6.44 | 4.49 | 4.75 | 4.85 | 4.94 | 4.99 |
| Asset turnover | 1.81 | 1.97 | 2.08 | 2.02 | 1.91 | 1.50 | 1.87 | 2.12 | 2.20 | 2.38 |
| Average receivables | $1.04B | $1.06B | $1.01B | $820.4M | $770.5M | $883.6M | $944.7M | $942.0M | $917.0M | $830.6M |
| Average payables | $875.8M | $859.3M | $860.2M | $810.3M | $721.2M | $657.1M | $618.5M | $619.9M | $569.5M | $495.6M |
| Average inventory | $4.73B | $4.47B | $3.90B | $3.32B | $3.28B | $3.84B | $4.15B | $3.99B | $3.68B | $3.44B |
| Intangibles / total assets | 19.6% | 20.2% | 19.0% | 20.2% | 20.5% | 18.8% | 17.7% | 20.5% | 20.3% | 19.3% |
Computed from PAG's annual financial statements (latest annual report filed February 27, 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.
PAG valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Penske Automotive traded at 11.2 times earnings, against a 10-year median of 9.2. Based on the latest twelve months, the trailing P/E is 14.9 and the forward P/E is 14.7. Penske Automotive earned a return on equity of 17.3% and a return on invested capital of 8.0% in fiscal 2025. It ended the year with $8.8 billion of debt and $64.7 million in cash and short-term investments, net debt of $8.8 billion. It returned $502.9 million to shareholders: $343.8 million in dividends and $159.1 million in share buybacks, 77% of free cash flow. The share count fell 23.0% from 86.0M to 66.2M over 9 years.
See the PAG income statement, the PAG chart for price history, or the PAG stock overview for the latest quote and news.
PAG key metrics FAQ
What is Penske Automotive's P/E ratio?
Penske Automotive's trailing P/E ratio is 14.9 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 14.7. At the end of fiscal 2025 it was 11.2, compared with a 10-year median of 9.2.
What is Penske Automotive's EV/EBITDA?
Penske Automotive's enterprise value was 11.3 times EBITDA at the end of fiscal 2025 (enterprise value $19.2 billion, EBITDA $1.7 billion); the current EV/EBITDA is 13.6.
What is Penske Automotive's return on equity?
Penske Automotive's return on equity (ROE) was 17.3% in fiscal 2025: net income of $935.4 million on average shareholders' equity of $5.4 billion.
What is Penske Automotive's ROIC?
Penske Automotive's return on invested capital was 8.0% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Penske Automotive have?
Penske Automotive had total debt of $8.8 billion at the end of fiscal 2025, a debt-to-equity ratio of 1.59 and $8.8 billion of net debt (5.16 times EBITDA).
What is Penske Automotive's dividend yield?
Penske Automotive's forward dividend yield is 2.75%. Penske Automotive paid $343.8 million in dividends in fiscal 2025 ($5.19 per share), a payout ratio of 36.8%.
Does Penske Automotive buy back its shares?
Yes. Penske Automotive spent $159.1 million on net share repurchases in fiscal 2025 Shares outstanding changed −1.0% over the year, to 66.2M..
What is Penske Automotive's free cash flow yield?
Penske Automotive generated $650.5 million of free cash flow in fiscal 2025, a free cash flow yield of 6.2% on its market value at year-end ($10.5 billion).
What is Penske Automotive's current ratio?
Penske Automotive's current ratio was 0.99 at the end of fiscal 2025: current assets were 0.99 times current liabilities.