Ternium S.A. (TX) Key Metrics
TX valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $11.21B
- Enterprise value
- $11.72B
- P/E (TTM)
- 15.9 10-yr median 7.3
- Forward P/E
- 8.5
- PEG ratio
- 0.13
- Price / sales
- 0.7 10-yr median 0.5
- Price / book
- 0.9 10-yr median 0.7
- EV / EBITDA
- 5.6 10-yr median 3.1
- Dividend yield
- 3.85% $2.20 a year
- Beta
- 1.09
TX key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsTX valuation Price multiples at each fiscal year-end price.
TX returns How much profit the business earns on the capital it uses.
TX per-share figures Results divided by the shares outstanding at year-end.
TX financial health Debt, liquidity and how easily interest is covered.
TX efficiency & capital use Working capital cycle and where the cash goes.
TX valuation history
TX returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
TX debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
TX cash returned to shareholders
TX price vs earnings per share
TX key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $7.50B | $5.71B | $8.34B | $6.00B | $8.54B | $5.71B | $4.32B | $5.32B | $6.20B | $4.74B |
| Enterprise value | $6.97B | $3.65B | $5.99B | $3.74B | $7.72B | $6.37B | $6.11B | $7.14B | $9.03B | $5.63B |
| P/E ratio | 17.6 | — | 12.3 | 3.4 | 2.2 | 7.3 | 7.7 | 3.5 | 7.0 | 8.0 |
| Price / sales | 0.5 | 0.3 | 0.5 | 0.4 | 0.5 | 0.7 | 0.4 | 0.5 | 0.6 | 0.7 |
| Price / book | 0.6 | 0.5 | 0.7 | 0.4 | 0.7 | 0.8 | 0.7 | 0.8 | 1.2 | 0.9 |
| Price / free cash flow | — | 140.1 | 8.0 | 2.8 | 4.0 | 4.8 | 7.3 | 4.4 | — | 7.1 |
| Price / operating cash flow | 3.2 | 3.0 | 3.3 | 2.2 | 3.2 | 3.2 | 2.6 | 3.1 | 16.2 | 4.3 |
| EV / sales | 0.4 | 0.2 | 0.3 | 0.2 | 0.5 | 0.7 | 0.6 | 0.6 | 0.9 | 0.8 |
| EV / EBITDA | 4.6 | 2.2 | 2.8 | 1.1 | 1.2 | 3.5 | 3.9 | 2.6 | 4.6 | 3.5 |
| EV / free cash flow | — | 89.7 | 5.8 | 1.7 | 3.6 | 5.3 | 10.3 | 5.9 | — | 8.5 |
| Earnings yield | 5.7% | −0.9% | 8.1% | 29.5% | 44.8% | 13.6% | 13.1% | 28.3% | 14.3% | 12.6% |
| Free cash flow yield | −2.5% | 0.7% | 12.5% | 36.2% | 25.2% | 21.0% | 13.8% | 22.9% | −0.4% | 14.0% |
| Dividend yield | 7.1% | 10.7% | 6.8% | 8.8% | 6.7% | 10.0% | 5.5% | 4.1% | 3.2% | 3.7% |
| Shareholder yield (dividends + buybacks) | 7.1% | 10.7% | 6.8% | 8.8% | 6.7% | 10.0% | 5.5% | 4.1% | 3.2% | 3.7% |
| Share price at fiscal year-end | $38.19 | $29.08 | $42.47 | $30.56 | $43.52 | $29.08 | $22.00 | $27.10 | $31.59 | $24.15 |
| Per share | ||||||||||
| Revenue per share | $79.51 | $89.91 | $89.71 | $83.62 | $81.97 | $44.50 | $51.92 | $58.35 | $49.41 | $36.80 |
| Earnings per share | $2.17 | −$0.27 | $3.44 | $9.00 | $19.49 | $3.97 | $2.87 | $7.67 | $4.51 | $3.03 |
| Operating cash flow per share | $11.79 | $9.71 | $12.74 | $14.02 | $13.64 | $8.97 | $8.39 | $8.86 | $1.96 | $5.60 |
| Free cash flow per share | −$0.95 | $0.21 | $5.30 | $11.07 | $10.97 | $6.12 | $3.03 | $6.21 | −$0.13 | $3.38 |
| Cash per share | $15.95 | $19.60 | $19.45 | $17.97 | $13.08 | $6.88 | $3.73 | $1.49 | $2.40 | $1.67 |
| Book value per share | $60.84 | $60.97 | $63.26 | $70.14 | $62.33 | $37.10 | $33.68 | $32.57 | $25.52 | $26.32 |
| Tangible book value per share | $55.74 | $56.41 | $58.92 | $66.15 | $58.51 | $32.47 | $29.50 | $27.92 | $20.49 | $22.55 |
| Dividends per share | $2.70 | $3.10 | $2.90 | $2.70 | $2.90 | $2.90 | $1.20 | $1.10 | $1.00 | $0.90 |
| Capex per share | $12.74 | $9.50 | $7.44 | $2.96 | $2.67 | $2.85 | $5.36 | $2.65 | $2.09 | $2.22 |
| Debt per share | $13.27 | $9.14 | $7.50 | $6.48 | $8.86 | $10.27 | $12.87 | $10.75 | $16.80 | $6.21 |
| Shares outstanding | 196.3M | 196.3M | 196.3M | 196.3M | 196.3M | 196.3M | 196.3M | 196.3M | 196.3M | 196.3M |
| Change in shares outstanding | 0.0% | 0.0% | +0.0% | 0.0% | 0.0% | 0.0% | −0.0% | 0.0% | +0.0% | −0.0% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 3.6% | −0.4% | 5.2% | 13.6% | 39.2% | 11.2% | 8.7% | 26.4% | 17.4% | 12.9% |
| Return on invested capital (ROIC) | 3.3% | 6.3% | 15.2% | 18.5% | 41.3% | 9.9% | 7.9% | 21.5% | 15.8% | 12.9% |
| Return on assets (ROA) | 1.8% | −0.2% | 3.2% | 10.2% | 25.5% | 6.0% | 4.4% | 12.2% | 8.7% | 7.3% |
| Return on tangible assets | 1.9% | −0.2% | 2.9% | 10.6% | 23.4% | 6.5% | 4.7% | 12.9% | 8.0% | 7.9% |
| Free cash flow margin | −1.2% | 0.2% | 5.9% | 13.2% | 13.4% | 13.8% | 5.8% | 10.6% | −0.3% | 9.2% |
| Income quality (OCF / net income) | 5.44 | — | 3.70 | 1.56 | 0.70 | 2.26 | 2.92 | 1.15 | 0.43 | 1.85 |
| Financial health | ||||||||||
| Total debt | $2.61B | $1.79B | $1.47B | $1.27B | $1.74B | $2.02B | $2.53B | $2.11B | $3.30B | $1.22B |
| Cash & short-term investments | $3.13B | $3.85B | $3.82B | $3.53B | $2.57B | $1.35B | $732.2M | $292.9M | $470.5M | $328.4M |
| Net debt | −$525.7M | −$2.05B | −$2.35B | −$2.26B | −$828.3M | $665.3M | $1.80B | $1.82B | $2.83B | $890.2M |
| Debt / equity | 0.22 | 0.15 | 0.12 | 0.09 | 0.14 | 0.28 | 0.38 | 0.33 | 0.66 | 0.24 |
| Debt / assets | 0.11 | 0.08 | 0.06 | 0.07 | 0.10 | 0.16 | 0.20 | 0.17 | 0.27 | 0.15 |
| Net debt / EBITDA | −0.35 | −1.23 | −1.09 | −0.68 | −0.13 | 0.36 | 1.14 | 0.66 | 1.45 | 0.56 |
| Current ratio | 2.49 | 2.88 | 3.16 | 3.99 | 2.68 | 2.46 | 2.36 | 2.42 | 1.55 | 1.47 |
| Quick ratio | 1.45 | 1.65 | 1.86 | 2.42 | 1.46 | 1.37 | 1.14 | 0.95 | 0.65 | 0.57 |
| Interest coverage | 3.3 | 6.5 | 11.9 | 57.4 | 196.0 | 23.2 | 9.7 | 15.5 | 12.8 | 12.8 |
| Working capital | $5.86B | $7.23B | $8.22B | $6.63B | $5.39B | $2.71B | $2.41B | $2.60B | $1.57B | $868.8M |
| Invested capital | $11.42B | $9.91B | $10.07B | $11.51B | $11.41B | $7.95B | $8.41B | $8.21B | $7.84B | $6.06B |
| Tangible asset value | $15.15B | $15.24B | $15.96B | $12.99B | $11.49B | $7.53B | $6.90B | $6.57B | $4.86B | $4.43B |
| Net current asset value | $2.33B | $4.07B | $4.66B | $5.12B | $3.74B | $153.6M | −$1.04B | −$637.2M | −$1.87B | −$456.0M |
| Graham number | $54.46 | — | $70.01 | $119.20 | $165.30 | $57.54 | $46.67 | $74.99 | $50.92 | $42.39 |
| Graham net-net per share | −$5.79 | $5.18 | $6.63 | $14.89 | $6.38 | −$5.95 | −$13.63 | −$13.01 | −$19.09 | −$7.48 |
| Capital allocation | ||||||||||
| Dividends paid | $530.0M | $608.6M | $569.3M | $530.0M | $569.3M | $569.3M | $235.6M | $215.9M | $196.3M | $176.7M |
| Dividend payout ratio | 124.6% | — | 84.2% | 30.0% | 14.9% | 73.1% | 41.7% | 14.3% | 22.2% | 29.7% |
| Dividends + buybacks / free cash flow | — | — | 54.7% | 24.4% | 26.4% | 47.4% | 39.6% | 17.7% | — | 26.6% |
| Capex / revenue | 16.0% | 10.6% | 8.3% | 3.5% | 3.3% | 6.4% | 10.3% | 4.5% | 4.2% | 6.0% |
| Capex / operating cash flow | 108.1% | 97.9% | 58.4% | 21.1% | 19.6% | 31.8% | 63.9% | 29.9% | 106.7% | 39.6% |
| Capex / depreciation | 3.17 | 2.51 | 2.22 | 0.94 | 0.88 | 0.89 | 1.59 | 0.88 | 0.86 | 1.07 |
| Stock-based compensation / revenue | — | — | −4.8% | — | −1.5% | −1.9% | −0.1% | −1.0% | 0.1% | −0.6% |
| R&D / revenue | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% |
| SG&A / revenue | 10.3% | 8.0% | 6.4% | 5.6% | 4.5% | 3.3% | 6.4% | 5.8% | 6.5% | 7.5% |
| Efficiency | ||||||||||
| Days sales outstanding | 45.9 | 57.4 | 51.9 | 44.1 | 37.4 | 45.0 | 38.3 | 35.0 | 32.9 | 30.9 |
| Days of inventory on hand | 121.8 | 119.9 | 124.4 | 107.8 | 109.4 | 107.5 | 104.7 | 112.7 | 103.5 | 109.4 |
| Days payables outstanding | 55.1 | 51.4 | 50.5 | 33.8 | 40.1 | 49.5 | 38.5 | 38.8 | 37.0 | 39.7 |
| Cash conversion cycle (days) | 112.6 | 126.0 | 125.8 | 118.1 | 106.7 | 103.0 | 104.6 | 109.0 | 99.4 | 100.6 |
| Receivables turnover | 7.96 | 6.35 | 7.03 | 8.27 | 9.75 | 8.12 | 9.52 | 10.42 | 11.09 | 11.79 |
| Payables turnover | 6.63 | 7.10 | 7.22 | 10.79 | 9.10 | 7.37 | 9.49 | 9.42 | 9.87 | 9.19 |
| Inventory turnover | 3.00 | 3.04 | 2.93 | 3.38 | 3.34 | 3.39 | 3.49 | 3.24 | 3.53 | 3.34 |
| Asset turnover | 0.67 | 0.75 | 0.85 | 0.95 | 1.07 | 0.68 | 0.80 | 0.93 | 0.95 | 0.88 |
| Average receivables | $1.96B | $2.78B | $2.51B | $1.98B | $1.65B | $1.08B | $1.07B | $1.10B | $874.7M | $612.5M |
| Average payables | $2.00B | $2.08B | $1.71B | $1.16B | $1.09B | $962.9M | $890.5M | $901.0M | $750.4M | $585.8M |
| Average inventory | $4.42B | $4.85B | $4.21B | $3.69B | $2.97B | $2.09B | $2.42B | $2.62B | $2.10B | $1.61B |
| Intangibles / total assets | 4.2% | 3.9% | 3.5% | 4.5% | 4.4% | 7.1% | 6.3% | 7.3% | 8.1% | 8.9% |
Computed from TX's annual financial statements (latest annual report filed March 31, 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.
TX valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Ternium traded at 17.6 times earnings, against a 10-year median of 7.3. Based on the latest twelve months, the trailing P/E is 15.9 and the forward P/E is 8.5. Ternium earned a return on equity of 3.6% and a return on invested capital of 3.3% in fiscal 2025. It ended the year with $2.6 billion of debt and $3.1 billion in cash and short-term investments, a net cash position of $525.7 million. It returned $530.0 million to shareholders: $530.0 million in dividends and $0 in share buybacks.
See the TX income statement, the TX chart for price history, or the TX stock overview for the latest quote and news.
TX key metrics FAQ
What is Ternium's P/E ratio?
Ternium's trailing P/E ratio is 15.9 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 8.5. At the end of fiscal 2025 it was 17.6, compared with a 10-year median of 7.3.
What is Ternium's EV/EBITDA?
Ternium's enterprise value was 4.6 times EBITDA at the end of fiscal 2025 (enterprise value $7.0 billion, EBITDA $1.5 billion); the current EV/EBITDA is 5.6.
What is Ternium's return on equity?
Ternium's return on equity (ROE) was 3.6% in fiscal 2025: net income of $425.2 million on average shareholders' equity of $12.0 billion.
What is Ternium's ROIC?
Ternium's return on invested capital was 3.3% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Ternium have?
Ternium had total debt of $2.6 billion at the end of fiscal 2025, a debt-to-equity ratio of 0.22 and more cash than debt.
What is Ternium's dividend yield?
Ternium's forward dividend yield is 3.85%. Ternium paid $530.0 million in dividends in fiscal 2025 ($2.70 per share), a payout ratio of 124.6%.
What is Ternium's free cash flow yield?
Ternium generated -$187.2 million of free cash flow in fiscal 2025, a free cash flow yield of −2.5% on its market value at year-end ($7.5 billion).
What is Ternium's current ratio?
Ternium's current ratio was 2.49 at the end of fiscal 2025: current assets were 2.49 times current liabilities.