ArcBest Corp (ARCB) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-59.5%

$53.01

vs $130.96 price

Levered DCF

$50.43

After debt service

Piotroski score

9 / 9

Strong

Altman Z-score

4.07

Safe zone

Rating

C+

Overall 2 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	28.21×	12.63×	14.77×	5.77×	14.3×	15.24×	17.58×	13.08×
P/B	1.31×	1.67×	2.32×	1.5×	3.29×	1.31×	0.92×	1.23×
P/S	0.42×	0.53×	0.65×	0.34×	0.81×	0.37×	0.24×	0.28×
EV / EBITDA	7.74×	6.59×	8.96×	3.74×	8.16×	5.32×	5.12×	4.85×
Gross margin	2.3%	8.4%	8.5%	11.4%	10.8%	7.8%	7.2%	8.8%
Operating margin	2.3%	5.8%	3.9%	7.8%	7.4%	3.3%	2.1%	3.5%
Net margin	1.5%	4.2%	4.4%	5.9%	5.7%	2.4%	1.3%	2.2%
Current ratio	0.95×	1.01×	1.26×	1.29×	1.1×	1.5×	1.5×	1.44×
Debt / equity	0.36×	0.31×	0.35×	0.38×	0.36×	0.49×	0.52×	0.41×
Interest coverage	7.3×	27.22×	18.98×	51.06×	31.07×	8.4×	5.56×	11.52×
Dividend yield	0.6%	0.5%	0.4%	0.6%	0.3%	0.8%	1.2%	0.9%
Payout ratio	18.3%	6.5%	5.9%	3.6%	3.8%	11.5%	20.5%	12.3%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	4.6%	13.2%	15.7%	25.9%	23.0%	8.6%	5.2%	9.4%
Return on invested capital	3.4%	10.4%	7.0%	16.5%	14.4%	5.6%	3.9%	7.6%
Return on assets	2.5%	7.2%	7.9%	12.0%	10.1%	4.0%	2.4%	4.4%
Free cash flow yield	5.9%	2.1%	3.1%	17.7%	8.0%	13.7%	9.6%	22.9%
Earnings yield	3.5%	7.9%	6.8%	17.3%	7.0%	6.6%	5.7%	7.6%
Enterprise value	$2.1B	$2.5B	$3.1B	$2B	$3.3B	$1.2B	$898.9M	$981.3M
Net debt / EBITDA	1.36×	0.76×	0.51×	0.52×	0.64×	0.45×	1.11×	0.5×
Cash conversion cycle (days)	22	24	22	18	25	20	20	19