EnPro Industries, Inc. (NPO) 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

-71.1%

$78.25

vs $270.47 price

Levered DCF

$93.08

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

4.55

Safe 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	111.53×	49.55×	147.87×	11.02×	12.8×	8.41×	35.96×	50.93×
P/B	2.91×	2.53×	2.33×	1.62×	1.78×	1.44×	1.56×	1.46×
P/S	3.93×	3.45×	3.11×	2.06×	2.7×	1.94×	1.15×	0.82×
EV / EBITDA	25.98×	17.32×	20.19×	16.32×	20.99×	36.69×	20.72×	14.51×
Gross margin	42.6%	42.4%	40.3%	38.5%	39.0%	35.7%	33.5%	31.3%
Operating margin	14.1%	13.6%	7.3%	6.6%	7.8%	3.6%	4.7%	7.7%
Net margin	3.5%	7.0%	2.1%	18.7%	21.2%	22.2%	3.2%	1.6%
Current ratio	2.32×	2.59×	3.31×	3.23×	2.08×	2.87×	2.39×	2.55×
Debt / equity	0.43×	0.49×	0.47×	0.57×	0.89×	0.46×	0.72×	0.54×
Interest coverage	4.75×	3.48×	1.71×	2.03×	4.04×	1.76×	2.89×	4.12×
Dividend yield	0.6%	0.7%	0.7%	1.0%	1.0%	1.4%	1.5%	1.6%
Payout ratio	64.7%	34.7%	109.5%	11.4%	12.6%	12.2%	54.6%	82.5%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	2.6%	5.1%	1.6%	14.7%	14.0%	16.5%	4.3%	2.9%
Return on invested capital	4.6%	4.7%	0.6%	0.4%	2.1%	1.4%	3.3%	4.3%
Return on assets	1.5%	2.9%	0.9%	7.7%	6.0%	8.5%	1.9%	1.4%
Free cash flow yield	3.5%	3.6%	5.3%	4.3%	5.6%	2.4%	13.4%	12.8%
Earnings yield	0.9%	2.0%	0.7%	9.1%	7.8%	11.5%	2.8%	2.0%
Enterprise value	$5.1B	$4.1B	$3.6B	$2.7B	$3.1B	$1.8B	$1.9B	$1.6B
Net debt / EBITDA	2.85×	1.95×	1.62×	2.79×	5.46×	5.48×	5.64×	3.06×
Cash conversion cycle (days)	89	84	83	88	109	137	91	86