The Greenbrier Companies, Inc. (GBX) 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

-240.5%

-$58.65

vs $41.74 price

Levered DCF

-$182.39

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

1.66

Distress zone

Rating

B-

Overall 2 / 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	17.67×	7.12×	9.41×	21.83×	19.8×	44.55×	18.13×	10.68×
P/B	0.89×	0.98×	1.1×	1.08×	0.73×	1.1×	0.69×	0.59×
P/S	0.57×	0.46×	0.43×	0.35×	0.31×	0.82×	0.32×	0.25×
EV / EBITDA	10.71×	5.81×	7.39×	8.78×	9.32×	15.29×	4.89×	4.77×
Gross margin	13.6%	18.6%	15.6%	11.2%	10.3%	13.3%	12.7%	12.1%
Operating margin	5.8%	10.4%	8.6%	5.2%	2.7%	2.3%	5.4%	5.0%
Net margin	3.2%	6.3%	4.5%	1.6%	1.6%	1.9%	1.8%	2.3%
Current ratio	2.99×	2.8×	2.57×	1.75×	1.98×	1.85×	2.15×	2.31×
Debt / equity	1.17×	1.2×	1.58×	1.34×	1.27×	0.95×	0.99×	0.67×
Interest coverage	2.03×	3.67×	3.26×	2.61×	1.44×	0.91×	3.54×	4.73×
Dividend yield	3.1%	2.6%	2.5%	2.7%	3.9%	2.5%	4.0%	4.4%
Payout ratio	53.9%	19.4%	24.0%	57.8%	76.3%	109.8%	71.8%	46.7%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	5.0%	13.3%	11.6%	5.0%	3.7%	2.5%	3.8%	5.6%
Return on invested capital	2.9%	6.2%	5.7%	4.7%	1.9%	-9.8%	3.6%	4.5%
Return on assets	1.8%	4.7%	3.8%	1.6%	1.2%	1.0%	1.5%	2.4%
Free cash flow yield	-17.2%	-1.0%	-4.4%	-20.9%	-56.8%	-12.1%	24.5%	-28.6%
Earnings yield	5.7%	13.6%	10.6%	4.6%	5.1%	2.3%	5.5%	9.4%
Enterprise value	$3B	$3B	$3.3B	$2.7B	$2B	$2B	$1.3B	$1.3B
Net debt / EBITDA	5.73×	2.92×	4.05×	4.42×	4.97×	4.33×	1.65×	1.92×
Cash conversion cycle (days)	154	123	108	97	123	162	88	95