Masco Corporation (MAS) 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

-31.4%

$57.19

vs $83.37 price

Levered DCF

$54.27

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

4.05

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	16.36×	19.25×	16.58×	12.79×	43.08×	18.13×	21.71×	11.7×
P/B	-71.31×	-56.5×	-119.61×	-22.46×	-97.68×	72.73×	-58.61×	-77.42×
P/S	1.75×	2.02×	1.89×	1.24×	2.09×	1.97×	2.05×	1.29×
EV / EBITDA	11.6×	13.05×	11.85×	9.53×	20.74×	11.23×	13.03×	9.03×
Gross margin	35.5%	36.3%	35.2%	31.3%	34.2%	36.0%	35.2%	34.7%
Operating margin	16.8%	17.5%	16.8%	15.2%	17.3%	18.0%	16.4%	16.2%
Net margin	10.7%	10.5%	11.4%	9.7%	4.8%	8.5%	9.4%	10.9%
Current ratio	1.81×	1.75×	1.68×	1.56×	1.76×	1.8×	1.75×	1.64×
Debt / equity	-18.47×	-11.48×	-25.8×	-7.18×	-17.7×	15.3×	-12.65×	-26.84×
Interest coverage	12.59×	13.86×	12.6×	12.25×	5.22×	8.99×	6.9×	6.9×
Dividend yield	2.0%	1.6%	1.7%	2.4%	1.2%	1.0%	1.0%	1.6%
Payout ratio	32.2%	30.9%	28.3%	30.6%	52.0%	23.7%	22.8%	18.4%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	-435.5%	-293.6%	-720.6%	-175.4%	-226.8%	314.4%	-268.5%	-655.0%
Return on invested capital	26.2%	29.5%	27.9%	28.3%	27.3%	25.4%	23.3%	21.9%
Return on assets	15.6%	16.4%	16.9%	16.2%	7.3%	10.6%	12.6%	13.5%
Free cash flow yield	6.5%	5.7%	7.8%	5.7%	4.6%	5.9%	4.9%	9.5%
Earnings yield	6.1%	5.2%	6.0%	7.8%	2.3%	4.3%	4.6%	8.5%
Enterprise value	$16.1B	$18.4B	$17.7B	$13.8B	$19.7B	$15.8B	$16B	$11B
Net debt / EBITDA	2.02×	1.83×	1.75×	2.07×	2.36×	1.18×	1.85×	1.99×
Cash conversion cycle (days)	67	59	63	70	62	56	59	72