GXO Logistics, Inc. (GXO) 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

-90.6%

$4.95

vs $52.52 price

Levered DCF

$35.95

After debt service

Piotroski score

8 / 9

Strong

Altman Z-score

1.55

Distress zone

Rating

C+

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	188×	38.84×	31.69×	25.41×	68.29×	-201.85×	104.81×	89.34×
P/B	2.04×	1.73×	2.5×	1.89×	4.43×	2.21×	2.43×	0×
P/S	0.46×	0.44×	0.74×	0.56×	1.31×	1.01×	1.02×	1.03×
EV / EBITDA	18.92×	15×	16.02×	14.02×	25.31×	23.52×	18.05×	0×
Gross margin	11.6%	12.3%	14.1%	13.6%	12.2%	11.3%	11.2%	11.3%
Operating margin	3.2%	1.9%	3.3%	2.7%	1.9%	0.3%	2.5%	2.4%
Net margin	0.2%	1.1%	2.3%	2.2%	1.9%	-0.5%	1.0%	1.2%
Current ratio	0.85×	0.83×	0.98×	0.96×	0.9×	1.06×	1×	0×
Debt / equity	2.65×	1.72×	1.4×	1.6×	1.19×	0.75×	0.83×	0×
Interest coverage	3.2×	2.12×	6×	8.34×	7.19×	0.67×	4.55×	4.77×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	1.1%	4.5%	7.9%	7.4%	6.5%	-1.1%	2.3%	0.0%
Return on invested capital	1.5%	2.3%	3.7%	2.5%	2.8%	0.3%	2.0%	0.0%
Return on assets	0.3%	1.2%	2.4%	2.1%	2.1%	-0.5%	1.0%	0.0%
Free cash flow yield	1.8%	3.7%	3.9%	4.0%	2.0%	1.8%	-1.2%	1.0%
Earnings yield	0.5%	2.6%	3.1%	3.9%	1.5%	-0.5%	1.0%	1.1%
Enterprise value	$13.1B	$10B	$10.9B	$8.7B	$12.9B	$8B	$8.2B	$0
Net debt / EBITDA	10.15×	7.17×	5.32×	5.99×	4.86×	5.21×	4.27×	0×
Cash conversion cycle (days)	32	28	35	33	37	45	36	0