Park-Ohio Holdings Corp. (PKOH) 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

+91.7%

$82.51

vs $43.05 price

Levered DCF

$155.52

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

2.36

Grey 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	12.17×	8.03×	42.79×	-10.54×	-9.99×	-77.25×	10.65×	7.02×
P/B	0.75×	1.02×	1.18×	0.58×	0.83×	1.08×	1.23×	1.26×
P/S	0.18×	0.2×	0.2×	0.1×	0.2×	0.32×	0.25×	0.23×
EV / EBITDA	8.77×	7.6×	8.15×	10.87×	15.06×	16.98×	8×	6.22×
Gross margin	17.0%	17.0%	16.4%	14.1%	13.9%	14.3%	16.1%	16.4%
Operating margin	5.1%	5.2%	5.1%	2.2%	1.3%	1.6%	5.1%	5.9%
Net margin	1.6%	1.9%	0.5%	-1.0%	-1.9%	-0.4%	2.4%	3.2%
Current ratio	2.33×	2.32×	2.27×	2.08×	2.22×	2.3×	2.38×	2.41×
Debt / equity	1.75×	2.02×	2.45×	2.81×	2.07×	1.74×	1.87×	1.89×
Interest coverage	1.72×	1.83×	1.86×	0.99×	0.6×	0.67×	2.46×	2.84×
Dividend yield	2.7%	2.0%	2.2%	4.3%	2.7%	0.9%	1.7%	1.7%
Payout ratio	31.5%	21.1%	94.9%	-45.1%	-28.2%	-71.1%	18.1%	11.9%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	6.5%	9.6%	2.8%	-5.5%	-7.9%	-1.3%	11.5%	17.9%
Return on invested capital	6.7%	7.5%	6.7%	3.3%	0.1%	0.5%	5.8%	8.1%
Return on assets	1.7%	2.3%	0.6%	-1.0%	-1.8%	-0.3%	2.9%	4.4%
Free cash flow yield	0.3%	-0.5%	6.7%	-36.5%	-25.3%	11.5%	5.7%	2.6%
Earnings yield	8.6%	9.4%	2.4%	-9.5%	-9.5%	-1.2%	9.4%	14.3%
Enterprise value	$914.5M	$953M	$964.5M	$811.8M	$855.3M	$916.7M	$982.9M	$885.8M
Net debt / EBITDA	6×	4.9×	5.35×	8.87×	10.49×	10.07×	4.65×	3.58×
Cash conversion cycle (days)	121	116	112	119	137	150	114	110