Griffon Corporation (GFF) 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

-70.5%

$30.95

vs $105.02 price

Levered DCF

$160.24

After debt service

Piotroski score

7 / 9

Strong

Altman Z-score

4.34

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	67.39×	15.87×	26.62×	-5.3×	15.77×	35.61×	21.42×	4.69×
P/B	46.69×	14.81×	6.56×	3.19×	1.44×	1.1×	1.67×	1.24×
P/S	1.37×	1.27×	0.77×	0.54×	0.51×	0.37×	0.36×	0.3×
EV / EBITDA	17.27×	10.67×	12.93×	7.4×	9.35×	8.47×	9.54×	10.57×
Gross margin	42.0%	38.9%	35.3%	33.4%	28.2%	28.5%	26.9%	26.8%
Operating margin	8.2%	15.2%	7.3%	-6.6%	7.5%	6.8%	6.1%	4.9%
Net margin	2.0%	8.0%	2.9%	-6.7%	3.5%	2.6%	1.7%	6.4%
Current ratio	2.66×	2.66×	2.73×	2.87×	2.57×	2.5×	2.37×	2.32×
Debt / equity	21.52×	7.59×	5.23×	3.7×	1.48×	1.72×	2.31×	2.36×
Interest coverage	2.15×	3.83×	1.94×	-2.24×	2.7×	2.1×	1.99×	1.47×
Dividend yield	1.1%	1.1%	6.5%	8.3%	1.5%	1.9%	1.7%	8.5%
Payout ratio	77.7%	17.1%	172.4%	-66.1%	21.6%	27.2%	36.7%	39.6%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	69.1%	93.3%	24.6%	-40.1%	9.8%	7.6%	7.8%	26.5%
Return on invested capital	4.7%	13.6%	6.5%	-7.8%	5.2%	4.2%	5.0%	5.6%
Return on assets	2.5%	8.9%	3.2%	-6.8%	3.0%	2.2%	1.8%	6.0%
Free cash flow yield	8.8%	9.3%	17.7%	1.8%	6.4%	11.0%	8.3%	-5.0%
Earnings yield	1.5%	6.3%	3.8%	-12.6%	6.8%	6.9%	4.7%	21.3%
Enterprise value	$4.9B	$4.9B	$3.6B	$3.2B	$2.1B	$1.8B	$1.8B	$1.6B
Net debt / EBITDA	5.21×	3.45×	5.53×	3.84×	4.2×	4.75×	5.38×	6.77×
Cash conversion cycle (days)	118	113	125	138	95	109	87	93