Crane NXT, Co. (CXT) 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

+13.5%

$68.88

vs $60.70 price

Levered DCF

$73.84

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

1.82

Grey 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	18.6×	18.08×	17.13×	9.66×	11.25×	8.45×	12.77×	4.45×
P/B	2.15×	3.12×	3.35×	2.52×	1.09×	1×	1.15×	0.98×
P/S	1.63×	2.24×	2.32×	1.48×	1.49×	0.52×	0.52×	0.45×
EV / EBITDA	10.37×	11×	10.05×	6.86×	6.12×	5.66×	7.29×	3.61×
Gross margin	42.5%	44.7%	47.0%	46.7%	44.5%	34.3%	35.9%	35.5%
Operating margin	15.9%	18.1%	20.6%	22.5%	20.8%	9.0%	6.4%	14.0%
Net margin	8.8%	12.4%	13.5%	15.3%	13.2%	6.2%	4.1%	10.0%
Current ratio	1.5×	1.14×	1.93×	0.99×	1.96×	1.49×	1.64×	1.84×
Debt / equity	0.91×	0.76×	0.72×	1.12×	0.52×	0.87×	0.75×	0.62×
Interest coverage	4.37×	5.62×	5.67×	5.35×	4.82×	4.75×	4.5×	9.2×
Dividend yield	1.4%	1.1%	0.7%	1.9%	5.0%	6.6%	5.5%	5.6%
Payout ratio	26.9%	19.9%	12.6%	18.1%	56.5%	55.5%	69.9%	24.9%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	11.5%	17.3%	19.5%	26.1%	9.7%	11.8%	9.0%	22.0%
Return on invested capital	7.9%	10.7%	12.5%	13.8%	5.9%	5.4%	4.5%	11.5%
Return on assets	4.7%	7.7%	8.8%	9.6%	4.0%	3.9%	3.0%	8.3%
Free cash flow yield	7.3%	5.1%	7.6%	14.4%	22.2%	18.0%	19.1%	20.4%
Earnings yield	5.4%	5.5%	5.8%	10.4%	8.9%	11.8%	7.8%	22.5%
Enterprise value	$3.6B	$4B	$3.7B	$2.6B	$2.5B	$2.3B	$2.4B	$2.1B
Net debt / EBITDA	2.6×	1.8×	1.27×	1.7×	1.15×	1.91×	2.15×	1.04×
Cash conversion cycle (days)	95	87	81	74	221	97	95	78