Packaging Corporation of America (PKG) Key Metrics
PKG valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $21.03B
- Enterprise value
- $25.04B
- P/E (TTM)
- 30.7 10-yr median 16.9
- Forward P/E
- 18.7
- PEG ratio
- 1.53
- Price / sales
- 2.2 10-yr median 1.8
- Price / book
- 4.6 10-yr median 3.6
- EV / EBITDA
- 13.8 10-yr median 10.4
- Dividend yield
- 2.54% $6.00 a year
- Beta
- 0.77
PKG key metrics, 2017–2025
Fiscal year ended December 31, 2025 · U.S. dollarsPKG valuation Price multiples at each fiscal year-end price.
PKG returns How much profit the business earns on the capital it uses.
PKG per-share figures Results divided by the shares outstanding at year-end.
PKG financial health Debt, liquidity and how easily interest is covered.
PKG efficiency & capital use Working capital cycle and where the cash goes.
PKG valuation history
PKG returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
PKG debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
PKG cash returned to shareholders
PKG price vs earnings per share
PKG key metrics
2017–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $18.48B | $20.15B | $14.58B | $11.86B | $12.87B | $13.02B | $10.54B | $7.84B | $11.30B | — |
| Enterprise value | $22.24B | $22.13B | $16.61B | $14.25B | $14.89B | $14.68B | $12.51B | $9.98B | $13.73B | — |
| P/E ratio | 24.0 | 25.0 | 19.1 | 11.5 | 15.3 | 28.2 | 15.1 | 10.6 | 16.9 | — |
| Price / sales | 2.1 | 2.4 | 1.9 | 1.4 | 1.7 | 2.0 | 1.5 | 1.1 | 1.8 | — |
| Price / book | 4.0 | 4.6 | 3.6 | 3.2 | 3.6 | 4.0 | 3.4 | 2.9 | 5.2 | — |
| Price / free cash flow | 25.4 | 38.6 | 17.2 | 17.7 | 26.3 | 21.3 | 13.0 | 12.5 | 22.0 | — |
| Price / operating cash flow | 11.9 | 16.9 | 11.1 | 7.9 | 11.8 | 12.6 | 8.7 | 6.6 | 13.2 | — |
| EV / sales | 2.5 | 2.6 | 2.1 | 1.7 | 1.9 | 2.2 | 1.8 | 1.4 | 2.1 | — |
| EV / EBITDA | 12.6 | 13.6 | 10.5 | 7.5 | 8.9 | 12.9 | 8.7 | 6.7 | 10.4 | — |
| EV / free cash flow | 30.5 | 42.4 | 19.7 | 21.2 | 30.5 | 24.0 | 15.5 | 15.9 | 26.8 | — |
| Earnings yield | 4.2% | 4.0% | 5.2% | 8.7% | 6.5% | 3.5% | 6.6% | 9.4% | 5.9% | — |
| Free cash flow yield | 3.9% | 2.6% | 5.8% | 5.7% | 3.8% | 4.7% | 7.7% | 8.0% | 4.5% | — |
| Dividend yield | 2.4% | 2.2% | 3.1% | 3.5% | 3.0% | 2.3% | 2.8% | 3.4% | 2.1% | — |
| Shareholder yield (dividends + buybacks) | 3.3% | 2.4% | 3.5% | 8.1% | 4.6% | 2.4% | 2.9% | 3.5% | 2.2% | — |
| Share price at fiscal year-end | $206.23 | $225.13 | $162.91 | $127.91 | $136.15 | $137.91 | $111.99 | $83.46 | $120.55 | $92.43 |
| Per share | ||||||||||
| Revenue per share | $100.33 | $93.67 | $87.18 | $91.46 | $81.80 | $70.53 | $74.01 | $74.70 | $68.78 | — |
| Earnings per share | $8.58 | $9.00 | $8.55 | $11.11 | $8.90 | $4.88 | $7.40 | $7.86 | $7.14 | — |
| Operating cash flow per share | $17.38 | $13.31 | $14.69 | $16.13 | $11.58 | $10.94 | $12.83 | $12.57 | $9.14 | — |
| Free cash flow per share | $8.13 | $5.83 | $9.45 | $7.24 | $5.17 | $6.48 | $8.59 | $6.70 | $5.48 | — |
| Cash per share | $6.71 | $8.79 | $12.75 | $4.37 | $7.46 | $11.44 | $8.16 | $3.85 | $2.31 | — |
| Book value per share | $51.32 | $49.21 | $44.66 | $39.56 | $38.17 | $34.39 | $32.64 | $28.46 | $23.29 | — |
| Tangible book value per share | $29.28 | $36.76 | $31.79 | $26.72 | $25.14 | $22.11 | $19.27 | $14.66 | $9.49 | — |
| Dividends per share | $5.02 | $5.01 | $5.02 | $4.53 | $4.02 | $3.17 | $3.17 | $2.86 | $2.54 | — |
| Capex per share | $9.25 | $7.48 | $5.25 | $8.89 | $6.40 | $4.46 | $4.25 | $5.87 | $3.66 | — |
| Debt per share | $48.72 | $30.97 | $35.45 | $30.13 | $28.91 | $29.00 | $29.06 | $26.65 | $28.29 | — |
| Shares outstanding | 89.6M | 89.5M | 89.5M | 92.7M | 94.5M | 94.4M | 94.1M | 93.9M | 93.7M | — |
| Change in shares outstanding | +0.1% | 0.0% | −3.5% | −1.9% | +0.1% | +0.3% | +0.2% | +0.2% | — | — |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 17.1% | 19.2% | 20.0% | 28.3% | 24.5% | 14.6% | 24.3% | 30.4% | 29.3% | 21.7% |
| Return on invested capital (ROIC) | 12.8% | 13.4% | 13.4% | 18.3% | 18.5% | 12.3% | 16.2% | 17.2% | 16.0% | 11.3% |
| Return on assets (ROA) | 7.8% | 9.2% | 9.2% | 13.0% | 11.0% | 6.3% | 10.1% | 11.6% | 11.2% | 7.8% |
| Return on tangible assets | 8.6% | 10.4% | 10.2% | 15.1% | 12.7% | 7.3% | 11.6% | 14.0% | 13.6% | 9.6% |
| Free cash flow margin | 8.1% | 6.2% | 10.8% | 7.9% | 6.3% | 9.2% | 11.6% | 9.0% | 8.0% | 9.1% |
| Income quality (OCF / net income) | 2.03 | 1.48 | 1.72 | 1.45 | 1.30 | 2.24 | 1.73 | 1.60 | 1.28 | 1.78 |
| Financial health | ||||||||||
| Total debt | $4.36B | $2.77B | $3.17B | $2.79B | $2.73B | $2.74B | $2.73B | $2.50B | $2.65B | $2.65B |
| Cash & short-term investments | $600.8M | $787.0M | $1.14B | $405.2M | $704.8M | $1.08B | $767.4M | $361.5M | $216.9M | $239.0M |
| Net debt | $3.76B | $1.98B | $2.03B | $2.39B | $2.03B | $1.66B | $1.97B | $2.14B | $2.43B | $2.41B |
| Debt / equity | 0.95 | 0.63 | 0.79 | 0.76 | 0.76 | 0.84 | 0.89 | 0.94 | 1.21 | 1.11 |
| Debt / assets | 0.40 | 0.31 | 0.37 | 0.35 | 0.35 | 0.37 | 0.38 | 0.38 | 0.43 | 0.46 |
| Net debt / EBITDA | 2.14 | 1.22 | 1.28 | 1.26 | 1.21 | 1.46 | 1.37 | 1.45 | 1.84 | — |
| Current ratio | 3.17 | 3.23 | 2.57 | 2.86 | 3.09 | 3.51 | 3.42 | 3.05 | 2.30 | 2.71 |
| Quick ratio | 1.94 | 2.10 | 1.77 | 1.75 | 2.07 | 2.51 | 2.33 | 1.90 | 1.38 | 1.56 |
| Interest coverage | 15.9 | 26.6 | 20.2 | 20.2 | 8.4 | 9.0 | 8.2 | 11.0 | 9.1 | — |
| Working capital | $2.20B | $2.23B | $1.99B | $1.63B | $1.85B | $1.97B | $1.75B | $1.42B | $1.08B | $1.07B |
| Invested capital | $8.36B | $6.39B | $6.03B | $6.05B | $5.63B | $4.90B | $5.04B | $4.81B | $4.62B | $4.79B |
| Tangible asset value | $2.62B | $3.29B | $2.85B | $2.48B | $2.38B | $2.09B | $1.81B | $1.38B | $889.4M | $1.28B |
| Net current asset value | −$3.11B | −$1.20B | −$1.43B | −$1.83B | −$1.50B | −$1.44B | −$1.69B | −$1.78B | −$2.10B | −$1.70B |
| Graham number | $99.54 | $99.80 | $92.69 | $99.44 | $87.43 | $61.47 | $73.72 | $70.94 | $61.15 | — |
| Graham net-net per share | −$46.22 | −$24.74 | −$25.22 | −$28.50 | −$23.97 | −$22.08 | −$24.93 | −$26.08 | −$29.26 | — |
| Capital allocation | ||||||||||
| Dividends paid | $449.6M | $448.8M | $448.9M | $420.3M | $379.8M | $299.6M | $298.7M | $268.1M | $237.6M | $0 |
| Share buybacks (net) | $153.0M | $25.7M | $57.2M | $538.0M | $205.9M | $10.5M | $8.2M | $7.9M | $10.8M | $0 |
| Dividend payout ratio | 58.5% | 55.7% | 58.7% | 40.8% | 45.2% | 65.0% | 42.9% | 36.3% | 35.5% | 0.0% |
| Dividends + buybacks / free cash flow | 82.7% | 91.0% | 59.9% | 142.9% | 119.8% | 50.7% | 38.0% | 43.9% | 48.4% | 0.0% |
| Capex / revenue | 9.2% | 8.0% | 6.0% | 9.7% | 7.8% | 6.3% | 5.7% | 7.9% | 5.3% | 4.7% |
| Capex / operating cash flow | 53.2% | 56.2% | 35.7% | 55.1% | 55.3% | 40.8% | 33.1% | 46.7% | 40.1% | 34.2% |
| Capex / depreciation | 1.27 | 1.27 | 0.91 | 1.80 | 1.41 | 1.03 | 1.04 | 1.34 | 0.88 | — |
| Stock-based compensation / revenue | 0.5% | 0.6% | 0.5% | 0.4% | 0.5% | 0.5% | 0.4% | 0.3% | 0.3% | — |
| R&D / revenue | — | — | — | — | 0.2% | 0.2% | 0.2% | 0.2% | 0.2% | 0.2% |
| SG&A / revenue | 7.1% | 7.3% | 7.5% | 7.2% | 7.5% | 8.1% | 8.0% | 7.6% | 8.1% | 8.2% |
| Efficiency | ||||||||||
| Days sales outstanding | 49.5 | 47.7 | 49.2 | 46.2 | 45.2 | 46.9 | 46.9 | 47.3 | 45.0 | 44.0 |
| Days of inventory on hand | 60.9 | 59.1 | 59.5 | 53.7 | 52.7 | 54.8 | 54.5 | 53.0 | 54.5 | 58.6 |
| Days payables outstanding | 21.9 | 23.0 | 24.3 | 24.7 | 26.2 | 25.6 | 25.2 | 26.7 | 26.7 | 26.2 |
| Cash conversion cycle (days) | 88.5 | 83.8 | 84.4 | 75.3 | 71.7 | 76.0 | 76.3 | 73.6 | 72.8 | 76.3 |
| Receivables turnover | 7.37 | 7.65 | 7.41 | 7.90 | 8.07 | 7.79 | 7.78 | 7.71 | 8.11 | 8.30 |
| Payables turnover | 16.68 | 15.85 | 15.02 | 14.81 | 13.96 | 14.27 | 14.49 | 13.68 | 13.69 | 13.91 |
| Inventory turnover | 6.00 | 6.17 | 6.13 | 6.80 | 6.93 | 6.66 | 6.69 | 6.89 | 6.69 | 6.23 |
| Asset turnover | 0.91 | 0.96 | 0.94 | 1.07 | 1.01 | 0.91 | 1.01 | 1.10 | 1.08 | 1.00 |
| Average receivables | $1.22B | $1.10B | $1.05B | $1.07B | $958.0M | $854.8M | $895.4M | $909.4M | $794.6M | $696.0M |
| Average payables | $425.6M | $416.4M | $406.4M | $431.4M | $419.7M | $369.4M | $367.1M | $392.6M | $363.4M | $323.8M |
| Average inventory | $1.18B | $1.07B | $995.2M | $939.9M | $845.2M | $791.0M | $794.9M | $779.0M | $742.8M | $723.3M |
| Intangibles / total assets | 18.1% | 12.6% | 13.3% | 14.9% | 15.7% | 15.6% | 17.4% | 19.7% | 20.9% | 19.1% |
Computed from PKG's annual financial statements (latest annual report filed February 26, 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.
PKG valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Packaging Corp of America traded at 24.0 times earnings, against a 10-year median of 16.9. Based on the latest twelve months, the trailing P/E is 30.7 and the forward P/E is 18.7. Packaging Corp of America earned a return on equity of 17.1% and a return on invested capital of 12.8% in fiscal 2025. It ended the year with $4.4 billion of debt and $600.8 million in cash and short-term investments, net debt of $3.8 billion. It returned $602.6 million to shareholders: $449.6 million in dividends and $153.0 million in share buybacks, 83% of free cash flow.
See the PKG income statement, the PKG chart for price history, or the PKG stock overview for the latest quote and news.
PKG key metrics FAQ
What is Packaging Corp of America's P/E ratio?
Packaging Corp of America's trailing P/E ratio is 30.7 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 18.7. At the end of fiscal 2025 it was 24.0, compared with a 10-year median of 16.9.
What is Packaging Corp of America's EV/EBITDA?
Packaging Corp of America's enterprise value was 12.6 times EBITDA at the end of fiscal 2025 (enterprise value $22.2 billion, EBITDA $1.8 billion); the current EV/EBITDA is 13.8.
What is Packaging Corp of America's return on equity?
Packaging Corp of America's return on equity (ROE) was 17.1% in fiscal 2025: net income of $768.9 million on average shareholders' equity of $4.5 billion.
What is Packaging Corp of America's ROIC?
Packaging Corp of America's return on invested capital was 12.8% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Packaging Corp of America have?
Packaging Corp of America had total debt of $4.4 billion at the end of fiscal 2025, a debt-to-equity ratio of 0.95 and $3.8 billion of net debt (2.14 times EBITDA).
What is Packaging Corp of America's dividend yield?
Packaging Corp of America's forward dividend yield is 2.54%. Packaging Corp of America paid $449.6 million in dividends in fiscal 2025 ($5.02 per share), a payout ratio of 58.5%.
Does Packaging Corp of America buy back its shares?
Yes. Packaging Corp of America spent $153.0 million on net share repurchases in fiscal 2025 Shares outstanding changed +0.1% over the year, to 89.6M..
What is Packaging Corp of America's free cash flow yield?
Packaging Corp of America generated $728.6 million of free cash flow in fiscal 2025, a free cash flow yield of 3.9% on its market value at year-end ($18.5 billion).
What is Packaging Corp of America's current ratio?
Packaging Corp of America's current ratio was 3.17 at the end of fiscal 2025: current assets were 3.17 times current liabilities.