The Goodyear Tire & Rubber Company (GT) 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

+668.8%

$34.13

vs $4.44 price

Levered DCF

-$37.70

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

1.17

Distress zone

Rating

Overall 2 / 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	-1.46×	37.5×	-5.92×	14.3×	7.3×	-2.04×	-12.25×	6.99×
P/B	0.78×	0.54×	0.87×	0.54×	1.11×	0.83×	0.83×	0.99×
P/S	0.14×	0.14×	0.2×	0.14×	0.32×	0.21×	0.25×	0.31×
EV / EBITDA	6.62×	6.12×	13.82×	5.82×	7.23×	183.39×	7.05×	4.64×
Gross margin	18.4%	19.6%	17.5%	18.5%	21.7%	16.1%	21.3%	22.7%
Operating margin	3.6%	4.9%	3.5%	5.1%	6.2%	-1.7%	5.6%	7.8%
Net margin	-9.4%	0.4%	-3.4%	1.0%	4.4%	-10.2%	-2.1%	4.5%
Current ratio	1.06×	1.04×	1.07×	1.21×	1.11×	1.1×	1.12×	1.24×
Debt / equity	2.24×	1.85×	1.85×	1.68×	1.68×	2.23×	1.5×	1.18×
Interest coverage	1.47×	1.58×	1.31×	2.34×	2.81×	-0.59×	2.19×	3.37×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	1.4%	4.1%	2.9%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	-3.0%	-47.6%	19.9%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	-53.2%	1.5%	-14.8%	3.8%	15.3%	-40.7%	-7.1%	14.2%
Return on invested capital	5.2%	2.3%	4.5%	3.4%	6.9%	-1.7%	-10.6%	6.6%
Return on assets	-9.5%	0.3%	-3.2%	0.9%	3.6%	-7.6%	-1.8%	4.1%
Free cash flow yield	-1.2%	-19.0%	-0.4%	-18.7%	1.5%	18.3%	12.1%	2.2%
Earnings yield	-68.2%	2.7%	-16.9%	7.0%	13.7%	-49.1%	-8.6%	14.3%
Enterprise value	$9B	$10.6B	$11.8B	$10.6B	$12.9B	$7.9B	$9.2B	$9.8B
Net debt / EBITDA	4.76×	4.62×	9.05×	4.24×	4.11×	124.02×	4.29×	2.35×
Cash conversion cycle (days)	39	36	36	41	35	22	46	46