The Gorman-Rupp Company (GRC) 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

-39.8%

$44.87

vs $74.50 price

Levered DCF

$50.62

After debt service

Piotroski score

8 / 9

Strong

Altman Z-score

4.95

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	23.64×	24.78×	26.51×	59.58×	39.08×	33.45×	27.37×	21.18×
P/B	3.03×	2.66×	2.66×	2.02×	3.53×	2.68×	3.18×	2.89×
P/S	1.84×	1.51×	1.41×	1.28×	3.08×	2.43×	2.46×	2.04×
EV / EBITDA	12.87×	12.12×	11.65×	20.28×	21.15×	16.85×	15.65×	12.28×
Gross margin	30.6%	31.0%	29.8%	25.1%	25.3%	25.7%	25.8%	26.5%
Operating margin	14.0%	13.9%	13.2%	7.7%	10.4%	10.2%	7.6%	12.2%
Net margin	7.8%	6.1%	5.3%	2.1%	7.9%	7.2%	9.0%	9.6%
Current ratio	2.37×	2.52×	2.35×	2.65×	5.29×	6.41×	5×	4.31×
Debt / equity	0.79×	1.04×	1.22×	1.33×	0×	0.01×	0.01×	0×
Interest coverage	4.08×	2.72×	2.11×	2.09×	0×	0×	0×	0×
Dividend yield	1.6%	1.9%	2.0%	2.7%	1.4%	1.8%	1.5%	7.7%
Payout ratio	36.9%	47.4%	52.8%	159.6%	55.6%	61.1%	40.1%	164.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	12.8%	10.7%	10.0%	3.4%	9.0%	8.0%	11.6%	13.6%
Return on invested capital	9.3%	9.2%	8.5%	4.0%	8.5%	8.1%	7.1%	12.6%
Return on assets	6.2%	4.7%	3.9%	1.3%	7.1%	6.4%	9.4%	10.9%
Free cash flow yield	7.1%	5.6%	8.3%	-0.6%	3.1%	5.1%	5.2%	3.6%
Earnings yield	4.2%	4.0%	3.8%	1.7%	2.6%	3.0%	3.7%	4.7%
Enterprise value	$1.5B	$1.4B	$1.3B	$1.1B	$1B	$740.2M	$901M	$799.8M
Net debt / EBITDA	2.43×	3.24×	3.47×	7.96×	-2.52×	-2.42×	-1.37×	-0.71×
Cash conversion cycle (days)	102	108	113	146	144	156	134	144