RB Global, Inc. (RBA) 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

+354.1%

$426.01

vs $93.81 price

Levered DCF

$345.16

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

2.35

Grey zone

Rating

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	49.22×	44.44×	63.7×	20.01×	44.36×	44.58×	31.35×	29.21×
P/B	3.16×	2.91×	2.03×	4.97×	6.31×	7.53×	5.17×	4.26×
P/S	4.08×	3.87×	3.04×	3.7×	4.77×	5.51×	3.53×	3.02×
EV / EBITDA	17.12×	14.92×	16.03×	11.49×	24.18×	22.59×	16.13×	15.32×
Gross margin	35.8%	46.8%	48.3%	55.2%	57.4%	55.3%	51.0%	54.4%
Operating margin	17.7%	17.8%	12.8%	26.2%	17.0%	19.1%	16.9%	15.8%
Net margin	9.3%	9.6%	5.6%	18.4%	10.7%	12.4%	11.3%	10.4%
Current ratio	1.1×	1.29×	1.35×	1.21×	1.3×	1.08×	1.36×	1.37×
Debt / equity	0.91×	0.8×	0.87×	0.59×	1.74×	0.79×	0.86×	0.89×
Interest coverage	4.23×	3.26×	2.2×	7.83×	6.51×	7.4×	5.41×	4.16×
Dividend yield	1.4%	1.4%	2.9%	1.8%	1.5%	1.2%	1.8%	2.1%
Payout ratio	60.2%	58.1%	159.0%	36.0%	68.3%	53.9%	55.4%	62.3%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	7.2%	7.2%	3.8%	24.8%	14.2%	16.9%	16.5%	14.6%
Return on invested capital	6.1%	5.2%	3.1%	16.8%	5.9%	10.1%	10.0%	9.0%
Return on assets	3.6%	3.5%	1.7%	11.2%	4.2%	7.2%	6.7%	5.9%
Free cash flow yield	3.8%	3.9%	1.8%	6.1%	4.1%	2.8%	6.3%	2.9%
Earnings yield	2.3%	2.5%	1.8%	5.0%	2.2%	2.2%	3.2%	3.4%
Enterprise value	$23.9B	$20.6B	$15.4B	$6.7B	$8.3B	$8.1B	$5.1B	$4B
Net debt / EBITDA	3.45×	2.91×	4.37×	0.46×	4.49×	1.44×	1.33×	1.91×
Cash conversion cycle (days)	-80	2	-57	62	-136	43	-127	-91