Carlisle Companies Incorporated (CSL) 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

-1.8%

$385.60

vs $392.58 price

Levered DCF

$477.64

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

5.39

Safe zone

Rating

B+

Overall 3 / 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	18.52×	13.05×	20.35×	13.24×	30.98×	26.7×	19.55×	9.96×
P/B	7.63×	6.96×	5.51×	4.04×	4.95×	3.35×	3.49×	2.34×
P/S	2.73×	3.43×	3.4×	2.24×	3.4×	2.14×	2.05×	1.36×
EV / EBITDA	12.63×	13.55×	14.32×	9.9×	19.71×	13.83×	12.42×	9.78×
Gross margin	35.7%	37.7%	35.6%	34.2%	28.6%	28.7%	29.1%	26.2%
Operating margin	19.9%	22.8%	21.4%	22.1%	14.9%	12.3%	14.1%	11.4%
Net margin	14.8%	26.2%	16.7%	17.0%	11.0%	8.1%	10.5%	13.6%
Current ratio	3.09×	2.89×	2.87×	2.08×	1.84×	3.42×	1.95×	3.45×
Debt / equity	1.6×	0.81×	0.82×	0.87×	1.14×	0.84×	0.63×	0.61×
Interest coverage	12.74×	15.59×	13×	14.03×	7.14×	6.37×	9.59×	7.87×
Dividend yield	1.3%	1.0%	1.0%	1.1%	0.9%	1.3%	1.1%	1.5%
Payout ratio	24.4%	13.1%	20.9%	14.5%	26.7%	35.1%	21.8%	15.3%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	41.3%	53.3%	27.1%	30.6%	16.0%	12.6%	17.9%	23.5%
Return on invested capital	14.2%	17.3%	13.0%	14.3%	7.0%	7.5%	10.4%	8.8%
Return on assets	11.8%	22.6%	11.6%	12.8%	5.8%	5.5%	8.6%	11.6%
Free cash flow yield	7.1%	5.5%	6.8%	6.7%	2.2%	7.1%	6.7%	3.6%
Earnings yield	5.4%	7.6%	4.9%	7.6%	3.2%	3.8%	5.1%	10.1%
Enterprise value	$15.5B	$18.4B	$17.3B	$14.5B	$15.7B	$9.7B	$10.5B	$6.9B
Net debt / EBITDA	1.45×	0.91×	1.44×	1.55×	3.35×	1.76×	1.54×	1.12×
Cash conversion cycle (days)	67	67	63	66	107	78	85	73