CSW Industrials, Inc. (CSW) 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

-31.6%

$197.70

vs $288.98 price

Levered DCF

$227.48

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

3.95

Safe zone

Rating

B+

Overall 3 / 5

Ratios by fiscal year

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

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	38.72×	34.66×	35.46×	22.34×	27.93×	50.56×	21.26×	19.49×
P/B	4.13×	4.42×	5.85×	4.1×	3.95×	4.32×	3.52×	3.37×
P/S	4.01×	5.39×	4.54×	2.84×	2.96×	3.24×	2.53×	2.54×
EV / EBITDA	20.96×	20.49×	19.17×	14.06×	16.18×	19.47×	13.4×	11.6×
Gross margin	41.9%	44.8%	44.2%	42.0%	40.3%	40.9%	45.8%	46.1%
Operating margin	17.0%	20.6%	20.1%	18.3%	15.7%	15.5%	17.1%	17.3%
Net margin	10.3%	15.6%	12.8%	12.7%	10.6%	10.6%	11.8%	13.0%
Current ratio	2.6×	4.03×	2.86×	2.99×	2.56×	2.56×	2.54×	3.08×
Debt / equity	0.89×	0.06×	0.38×	0.61×	0.69×	0.69×	0.11×	0.12×
Interest coverage	8.28×	673.78×	12.51×	10.54×	18×	40.86×	49.48×	41.91×
Dividend yield	0.4%	0.3%	0.3%	0.5%	0.5%	0.4%	0.8%	0.0%
Payout ratio	16.1%	10.7%	11.6%	10.9%	14.2%	12.2%	17.8%	0.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	10.7%	12.7%	16.5%	18.3%	14.2%	14.2%	16.5%	17.3%
Return on invested capital	6.7%	11.1%	12.4%	11.3%	8.1%	8.1%	16.3%	14.9%
Return on assets	4.8%	9.9%	9.7%	9.2%	6.7%	6.7%	12.4%	12.9%
Free cash flow yield	3.1%	3.2%	4.1%	5.0%	2.9%	2.8%	6.0%	5.9%
Earnings yield	2.6%	2.9%	2.8%	4.5%	3.6%	3.3%	4.7%	5.1%
Enterprise value	$5.2B	$4.6B	$3.8B	$2.5B	$2.2B	$2.3B	$986.1M	$893.9M
Net debt / EBITDA	3.59×	-0.7×	1.06×	1.72×	2.31×	2.57×	0.15×	0.06×
Cash conversion cycle (days)	207	171	151	160	171	172	126	132