Transcat, Inc. (TRNS) Key Metrics
TRNS valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $752.1M
- Enterprise value
- $971.2M
- P/E (TTM)
- 223.2 10-yr median 47.5
- Forward P/E
- 50.8
- PEG ratio
- —
- Price / sales
- 2.2 10-yr median 2.1
- Price / book
- 2.8 10-yr median 2.9
- EV / EBITDA
- 25.0 10-yr median 20.3
- Dividend yield
- —
- Beta
- 0.66
TRNS key metrics, FY2017–FY2026
Fiscal year ended March 31, 2026 · U.S. dollarsTRNS valuation Price multiples at each fiscal year-end price.
TRNS returns How much profit the business earns on the capital it uses.
TRNS per-share figures Results divided by the shares outstanding at year-end.
TRNS financial health Debt, liquidity and how easily interest is covered.
TRNS efficiency & capital use Working capital cycle and where the cash goes.
TRNS valuation history
TRNS returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
TRNS debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
TRNS cash returned to shareholders
TRNS price vs earnings per share
TRNS key metrics
FY2017–FY2026| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $685.6M | $689.0M | $930.7M | $683.4M | $615.8M | $370.5M | $198.4M | $172.7M | $114.3M | $90.3M |
| Enterprise value | $809.5M | $745.2M | $917.0M | $746.3M | $672.0M | $397.4M | $235.1M | $192.9M | $136.6M | $116.8M |
| P/E ratio | 127.5 | 47.5 | 68.2 | 63.9 | 54.1 | 47.5 | 24.6 | 24.2 | 19.3 | 20.0 |
| Price / sales | 2.1 | 2.5 | 3.6 | 3.0 | 3.0 | 2.1 | 1.1 | 1.1 | 0.7 | 0.6 |
| Price / book | 2.3 | 2.4 | 4.1 | 6.9 | 7.1 | 4.9 | 3.0 | 2.9 | 2.2 | 2.1 |
| Price / free cash flow | 35.1 | 26.7 | 48.1 | 90.7 | 82.5 | 21.8 | 39.8 | 31.0 | 28.6 | 39.4 |
| Price / operating cash flow | 19.7 | 17.7 | 28.5 | 40.3 | 35.0 | 15.7 | 17.2 | 13.7 | 11.6 | 12.0 |
| EV / sales | 2.4 | 2.7 | 3.5 | 3.2 | 3.3 | 2.3 | 1.4 | 1.2 | 0.9 | 0.8 |
| EV / EBITDA | 20.9 | 19.8 | 27.1 | 27.8 | 28.5 | 21.3 | 13.4 | 11.6 | 9.1 | 8.3 |
| EV / free cash flow | 41.4 | 28.9 | 47.4 | 99.0 | 90.0 | 23.3 | 47.2 | 34.7 | 34.2 | 50.9 |
| Earnings yield | 0.8% | 2.1% | 1.5% | 1.6% | 1.8% | 2.1% | 4.1% | 4.1% | 5.2% | 5.0% |
| Free cash flow yield | 2.9% | 3.7% | 2.1% | 1.1% | 1.2% | 4.6% | 2.5% | 3.2% | 3.5% | 2.5% |
| Dividend yield | — | — | — | — | — | 0.5% | — | — | 0.0% | 10.0% |
| Shareholder yield (dividends + buybacks) | 0.1% | 0.5% | 0.5% | 0.1% | 1.1% | 1.4% | 1.4% | 0.1% | 0.3% | 10.1% |
| Share price at fiscal year-end | $73.45 | $74.45 | $111.43 | $89.39 | $81.14 | $49.08 | $26.50 | $22.98 | $15.65 | $12.70 |
| Per share | ||||||||||
| Revenue per share | $35.56 | $30.09 | $31.07 | $30.16 | $27.01 | $22.96 | $23.12 | $21.41 | $21.24 | $20.24 |
| Earnings per share | $0.58 | $1.57 | $1.63 | $1.40 | $1.50 | $1.03 | $1.08 | $0.95 | $0.81 | $0.64 |
| Operating cash flow per share | $3.73 | $4.21 | $3.91 | $2.22 | $2.32 | $3.13 | $1.54 | $1.67 | $1.35 | $1.06 |
| Free cash flow per share | $2.09 | $2.79 | $2.32 | $0.99 | $0.98 | $2.26 | $0.67 | $0.74 | $0.55 | $0.32 |
| Cash per share | $0.53 | $0.16 | $4.21 | $0.20 | $0.18 | $0.07 | $0.07 | $0.10 | $0.08 | $0.12 |
| Book value per share | $32.21 | $31.00 | $26.96 | $13.03 | $11.36 | $9.95 | $8.96 | $7.93 | $7.03 | $6.10 |
| Tangible book value per share | $0.51 | $5.96 | $11.92 | $2.15 | $0.84 | $3.22 | $2.35 | $2.64 | $1.79 | $0.47 |
| Dividends per share | — | — | — | — | — | $0.26 | — | — | $0.00 | $1.27 |
| Capex per share | $1.64 | $1.43 | $1.59 | $1.23 | $1.34 | $0.88 | $0.88 | $0.93 | $0.81 | $0.74 |
| Debt per share | $13.81 | $6.24 | $2.58 | $8.43 | $7.60 | $3.65 | $4.97 | $2.79 | $3.13 | $3.84 |
| Shares outstanding | 9.3M | 9.3M | 8.4M | 7.6M | 7.6M | 7.5M | 7.5M | 7.5M | 7.3M | 7.1M |
| Change in shares outstanding | +0.9% | +10.8% | +9.2% | +0.7% | +0.5% | +0.8% | −0.4% | +2.9% | +2.7% | −0.1% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 1.8% | 5.7% | 8.4% | 11.5% | 14.1% | 11.0% | 12.7% | 12.9% | 12.5% | 11.0% |
| Return on invested capital (ROIC) | 2.3% | 5.1% | 7.8% | 8.4% | 10.0% | 8.4% | 9.8% | 10.3% | 9.4% | 7.9% |
| Return on assets (ROA) | 1.2% | 4.3% | 5.6% | 5.7% | 7.3% | 6.0% | 6.9% | 7.1% | 6.3% | 5.4% |
| Return on tangible assets | 2.9% | 9.5% | 8.4% | 9.5% | 11.6% | 9.6% | 10.3% | 10.9% | 10.1% | 8.7% |
| Free cash flow margin | 5.9% | 9.3% | 7.5% | 3.3% | 3.6% | 9.8% | 2.9% | 3.5% | 2.6% | 1.6% |
| Income quality (OCF / net income) | 6.48 | 2.69 | 2.39 | 1.59 | 1.55 | 3.03 | 1.43 | 1.76 | 1.67 | 1.67 |
| Financial health | ||||||||||
| Total debt | $128.9M | $57.7M | $21.5M | $64.4M | $57.6M | $27.5M | $37.2M | $21.0M | $22.9M | $27.3M |
| Cash & short-term investments | $4.9M | $1.5M | $35.2M | $1.5M | $1.4M | $560,000 | $499,000 | $788,000 | $577,000 | $842,000 |
| Net debt | $123.9M | $56.2M | −$13.6M | $62.9M | $56.2M | $27.0M | $36.7M | $20.2M | $22.3M | $26.5M |
| Debt / equity | 0.43 | 0.20 | 0.10 | 0.65 | 0.67 | 0.37 | 0.55 | 0.35 | 0.45 | 0.63 |
| Debt / assets | 0.27 | 0.15 | 0.07 | 0.33 | 0.32 | 0.21 | 0.29 | 0.20 | 0.24 | 0.30 |
| Net debt / EBITDA | 3.20 | 1.49 | −0.40 | 2.34 | 2.39 | 1.45 | 2.09 | 1.22 | 1.48 | 1.87 |
| Current ratio | 2.33 | 2.29 | 3.14 | 2.39 | 2.15 | 1.95 | 2.32 | 2.03 | 1.92 | 1.80 |
| Quick ratio | 1.99 | 1.87 | 2.62 | 1.79 | 1.70 | 1.48 | 1.64 | 1.39 | 1.32 | 1.28 |
| Interest coverage | 2.5 | 22.4 | 10.8 | 6.7 | 17.5 | 10.1 | 9.7 | 10.3 | 8.4 | 10.3 |
| Working capital | $52.8M | $44.0M | $71.7M | $39.3M | $32.0M | $23.8M | $27.5M | $22.9M | $19.4M | $15.8M |
| Invested capital | $424.6M | $343.1M | $211.5M | $162.5M | $142.4M | $102.0M | $103.8M | $79.8M | $73.6M | $69.9M |
| Tangible asset value | $4.7M | $55.2M | $99.6M | $16.5M | $6.4M | $24.3M | $17.6M | $19.9M | $13.1M | $3.4M |
| Net current asset value | −$87.4M | −$20.4M | $42.8M | −$28.5M | −$31.9M | −$8.1M | −$12.6M | −$594,000 | −$5.0M | −$13.1M |
| Graham number | $20.43 | $33.08 | $31.48 | $20.25 | $19.57 | $15.20 | $14.74 | $13.03 | $11.33 | $9.34 |
| Graham net-net per share | −$12.72 | −$5.12 | $2.12 | −$6.83 | −$7.06 | −$3.30 | −$3.92 | −$2.16 | −$2.61 | −$3.55 |
| Capital allocation | ||||||||||
| Dividends paid | — | — | — | — | — | $2.0M | — | — | $0 | $9.0M |
| Share buybacks (net) | $469,000 | $3.6M | $4.9M | $447,000 | $6.7M | $3.0M | $2.8M | $145,000 | $360,000 | $98,000 |
| Dividend payout ratio | — | — | — | — | — | 25.4% | — | — | 0.0% | 199.8% |
| Dividends + buybacks / free cash flow | 2.4% | 13.8% | 25.4% | 5.9% | 89.5% | 29.6% | 56.6% | 2.6% | 9.0% | 398.1% |
| Capex / revenue | 4.6% | 4.7% | 5.1% | 4.1% | 5.0% | 3.8% | 3.8% | 4.3% | 3.8% | 3.6% |
| Capex / operating cash flow | 43.9% | 33.9% | 40.7% | 55.5% | 57.6% | 28.0% | 56.9% | 55.7% | 59.6% | 69.6% |
| Capex / depreciation | 0.58 | 0.71 | 0.98 | 0.86 | 1.06 | 0.87 | 0.99 | 1.10 | 0.98 | 0.85 |
| Stock-based compensation / revenue | 2.3% | 1.2% | 1.7% | 1.5% | 1.1% | 0.9% | 0.5% | 0.8% | 0.9% | 0.3% |
| SG&A / revenue | 28.6% | 25.7% | 24.7% | 22.6% | 21.6% | 20.2% | 18.3% | 18.1% | 18.3% | 18.8% |
| Efficiency | ||||||||||
| Days sales outstanding | 67.2 | 68.6 | 65.8 | 67.7 | 66.5 | 70.0 | 64.0 | 62.0 | 58.0 | 52.3 |
| Days of inventory on hand | 23.0 | 30.8 | 35.7 | 33.3 | 30.3 | 37.0 | 39.8 | 40.5 | 35.6 | 28.1 |
| Days payables outstanding | 28.3 | 27.3 | 28.4 | 33.8 | 32.9 | 34.7 | 37.1 | 42.2 | 39.0 | 33.1 |
| Cash conversion cycle (days) | 61.9 | 72.1 | 73.0 | 67.2 | 63.9 | 72.3 | 66.7 | 60.2 | 54.6 | 47.3 |
| Receivables turnover | 5.43 | 5.32 | 5.55 | 5.39 | 5.49 | 5.22 | 5.71 | 5.89 | 6.29 | 6.98 |
| Payables turnover | 12.89 | 13.38 | 12.84 | 10.80 | 11.08 | 10.50 | 9.85 | 8.65 | 9.36 | 11.03 |
| Inventory turnover | 15.86 | 11.85 | 10.23 | 10.95 | 12.04 | 9.86 | 9.17 | 9.02 | 10.27 | 12.97 |
| Asset turnover | 0.77 | 0.83 | 1.07 | 1.23 | 1.32 | 1.33 | 1.48 | 1.59 | 1.64 | 1.70 |
| Average receivables | $61.1M | $52.3M | $46.7M | $42.7M | $37.3M | $33.2M | $30.3M | $27.3M | $24.7M | $20.6M |
| Average payables | $17.3M | $14.1M | $13.7M | $15.0M | $13.2M | $12.1M | $13.3M | $14.1M | $12.6M | $9.9M |
| Average inventory | $14.1M | $16.0M | $17.2M | $14.8M | $12.2M | $12.9M | $14.2M | $13.5M | $11.5M | $8.4M |
| Intangibles / total assets | 61.6% | 60.1% | 43.7% | 42.5% | 44.9% | 38.4% | 38.6% | 37.8% | 39.5% | 43.5% |
Computed from TRNS's annual financial statements (latest annual report filed May 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.
TRNS valuation and financial ratios
At the end of fiscal 2026 (March 31, 2026), Transcat traded at 127.5 times earnings, against a 10-year median of 47.5. Based on the latest twelve months, the trailing P/E is 223.2 and the forward P/E is 50.8. Transcat earned a return on equity of 1.8% and a return on invested capital of 2.3% in fiscal 2026. It ended the year with $128.9 million of debt and $4.9 million in cash and short-term investments, net debt of $123.9 million. It returned $0.5 million to shareholders: $0 in dividends and $0.5 million in share buybacks, 2% of free cash flow. The share count rose 31.3% from 7.1M to 9.3M over 9 years.
See the TRNS income statement, the TRNS chart for price history, or the TRNS stock overview for the latest quote and news.
TRNS key metrics FAQ
What is Transcat's P/E ratio?
Transcat's trailing P/E ratio is 223.2 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 50.8. At the end of fiscal 2026 it was 127.5, compared with a 10-year median of 47.5.
What is Transcat's EV/EBITDA?
Transcat's enterprise value was 20.9 times EBITDA at the end of fiscal 2026 (enterprise value $809.5 million, EBITDA $38.8 million); the current EV/EBITDA is 25.0.
What is Transcat's return on equity?
Transcat's return on equity (ROE) was 1.8% in fiscal 2026: net income of $5.4 million on average shareholders' equity of $293.7 million.
What is Transcat's ROIC?
Transcat's return on invested capital was 2.3% in fiscal 2026, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Transcat have?
Transcat had total debt of $128.9 million at the end of fiscal 2026, a debt-to-equity ratio of 0.43 and $123.9 million of net debt (3.20 times EBITDA).
Does Transcat buy back its shares?
Yes. Transcat spent $0.5 million on net share repurchases in fiscal 2026 Shares outstanding changed +0.9% over the year, to 9.3M..
What is Transcat's free cash flow yield?
Transcat generated $19.6 million of free cash flow in fiscal 2026, a free cash flow yield of 2.9% on its market value at year-end ($685.6 million).
What is Transcat's current ratio?
Transcat's current ratio was 2.33 at the end of fiscal 2026: current assets were 2.33 times current liabilities.