Owens Corning (OC) 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

-18.4%

$102.75

vs $125.90 price

Levered DCF

$211.00

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

1.97

Grey 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	-17.88×	22.89×	11.17×	6.64×	9.42×	-21.34×	17.55×	8.9×
P/B	2.42×	2.92×	2.59×	1.8×	2.18×	2.11×	1.54×	1.13×
P/S	0.92×	1.35×	1.38×	0.84×	1.1×	1.17×	0.99×	0.69×
EV / EBITDA	14.35×	11.13×	6.93×	4.88×	5.92×	28.62×	8.5×	6.43×
Gross margin	28.5%	30.0%	29.3%	27.8%	26.1%	23.3%	22.7%	23.4%
Operating margin	17.0%	19.2%	19.5%	18.5%	16.1%	12.7%	11.8%	12.3%
Net margin	-5.2%	5.9%	12.4%	12.7%	11.7%	-5.4%	5.7%	7.7%
Current ratio	1.26×	1.47×	1.69×	1.69×	1.82×	1.81×	1.55×	1.58×
Debt / equity	1.6×	1.11×	0.63×	0.7×	0.73×	0.84×	0.69×	0.78×
Interest coverage	6.72×	9.93×	24.8×	16.59×	10.87×	6.78×	6.44×	7.41×
Dividend yield	2.5%	1.4%	1.4%	1.7%	1.2%	1.3%	1.3%	1.9%
Payout ratio	-44.4%	32.1%	15.7%	11.0%	10.9%	-27.2%	23.5%	16.9%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	-13.5%	12.7%	23.2%	27.1%	23.2%	-9.8%	8.7%	12.7%
Return on invested capital	-28.3%	12.4%	15.0%	15.9%	12.4%	11.1%	6.6%	7.9%
Return on assets	-4.0%	4.6%	10.6%	11.5%	9.9%	-4.0%	4.0%	5.6%
Free cash flow yield	10.3%	8.4%	8.9%	15.9%	11.6%	10.1%	8.3%	5.5%
Earnings yield	-5.6%	4.4%	9.0%	15.1%	10.6%	-4.7%	5.7%	11.2%
Enterprise value	$15.1B	$20.1B	$15B	$10.4B	$11.5B	$10.8B	$10.1B	$8.1B
Net debt / EBITDA	5.5×	2.91×	0.77×	1×	1.11×	6.8×	2.53×	2.59×
Cash conversion cycle (days)	45	49	36	35	39	46	54	56