DXP Enterprises, Inc. (DXPE) 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

+16.5%

$203.06

vs $174.28 price

Levered DCF

$93.69

After debt service

Piotroski score

7 / 9

Strong

Altman Z-score

3.7

Safe zone

Rating

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	19.43×	18.61×	8.26×	10.68×	29.51×	-13.47×	18.96×	13.71×
P/B	3.44×	3.1×	1.49×	1.4×	1.36×	1.09×	2.04×	1.59×
P/S	0.85×	0.73×	0.34×	0.35×	0.44×	0.39×	0.55×	0.4×
EV / EBITDA	10.93×	10.08×	5.71×	7.6×	12.08×	-128.39×	10.26×	7.19×
Gross margin	31.5%	30.9%	30.1%	28.5%	29.5%	27.6%	27.7%	27.3%
Operating margin	8.8%	8.1%	8.3%	6.6%	3.6%	-2.8%	5.3%	5.6%
Net margin	4.4%	3.9%	4.1%	3.3%	1.5%	-2.9%	2.9%	2.9%
Current ratio	3.34×	2.71×	2.89×	2.42×	2.23×	2.78×	2.76×	2.69×
Debt / equity	1.97×	1.6×	1.51×	1.29×	1.05×	1.04×	0.88×	0.78×
Interest coverage	2.92×	2.27×	2.61×	3.36×	1.89×	-1.35×	3.46×	3.27×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.1%	0.1%	0.1%	0.2%	0.5%	-0.3%	0.2%	0.3%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	17.8%	16.7%	18.1%	13.2%	4.6%	-8.1%	10.8%	11.6%
Return on invested capital	9.1%	10.7%	11.3%	8.4%	4.4%	-2.3%	7.8%	8.9%
Return on assets	5.3%	5.2%	5.8%	4.6%	1.8%	-3.4%	4.7%	5.1%
Free cash flow yield	3.2%	5.9%	16.5%	0.2%	6.4%	25.6%	2.7%	5.4%
Earnings yield	5.2%	5.4%	12.1%	9.4%	3.4%	-7.4%	5.3%	7.3%
Enterprise value	$2.4B	$1.8B	$971.4M	$939.1M	$814.3M	$649.6M	$950.3M	$688.8M
Net debt / EBITDA	3.1×	2.9×	2.37×	3.45×	4.86×	-50.41×	2.7×	2.09×
Cash conversion cycle (days)	79	79	79	82	91	85	90	79