Graham Corporation (GHM) 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

-33.2%

$47.74

vs $71.50 price

Levered DCF

$49.96

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

4.26

Safe zone

Rating

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	69.23×	25.73×	72.79×	378.03×	-9.29×	59.33×	67.89×	-642.04×
P/B	6.18×	2.62×	3.11×	1.43×	0.84×	1.45×	1.32×	2×
P/S	3.54×	1.49×	1.77×	0.88×	0.66×	1.45×	1.41×	2.19×
EV / EBITDA	38.89×	14.4×	28.37×	18.51×	-17.91×	15.78×	22.08×	88.48×
Gross margin	23.5%	25.2%	21.9%	16.2%	7.4%	21.0%	20.0%	20.0%
Operating margin	5.9%	7.2%	3.7%	0.8%	-9.2%	3.1%	0.7%	0.7%
Net margin	5.1%	5.8%	2.5%	0.2%	-7.1%	2.4%	2.1%	-0.3%
Current ratio	1.01×	1.04×	1.07×	1.28×	1.47×	2.76×	2.57×	2.46×
Debt / equity	0.13×	0.06×	0.07×	0.21×	0.28×	0×	0×	0×
Interest coverage	0×	-26.05×	27.91×	1.17×	-25.21×	272.55×	54.33×	54.33×
Dividend yield	0.0%	0.0%	0.0%	0.0%	4.3%	3.1%	3.3%	1.9%
Payout ratio	0.0%	0.0%	0.0%	0.0%	-40.2%	185.0%	227.0%	-1244.8%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	8.9%	10.2%	4.3%	0.4%	-9.1%	2.4%	1.9%	-0.3%
Return on invested capital	7.5%	9.3%	4.8%	0.7%	-7.0%	2.2%	0.5%	0.5%
Return on assets	3.9%	4.6%	1.9%	0.2%	-4.8%	1.6%	1.3%	-0.2%
Free cash flow yield	-0.0%	1.7%	5.8%	7.3%	-5.6%	-2.7%	-0.9%	2.9%
Earnings yield	1.4%	3.9%	1.4%	0.3%	-10.8%	1.7%	1.5%	-0.2%
Enterprise value	$879M	$299M	$319.2M	$141M	$93.5M	$82.4M	$94.8M	$183.3M
Net debt / EBITDA	0.52×	-0.71×	-0.81×	0.28×	-2.34×	-11.37×	-7.6×	-7.09×
Cash conversion cycle (days)	188	161	174	165	162	137	163	169