RPM International Inc. (RPM) 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

+5.2%

$113.62

vs $107.98 price

Levered DCF

$179.69

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

3.89

Safe zone

Rating

A-

Overall 4 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	20.16×	21.16×	24.48×	21.33×	23.12×	24.18×	31.53×	26.24×
P/B	4.01×	5.03×	5.7×	4.75×	5.69×	6.93×	7.54×	4.97×
P/S	1.69×	1.97×	1.95×	1.4×	1.68×	1.98×	1.73×	1.26×
EV / EBITDA	13.26×	15.87×	15.31×	14×	16.6×	16.12×	18.13×	15.91×
Gross margin	41.4%	41.4%	41.1%	37.9%	35.9%	39.4%	38.3%	40.6%
Operating margin	11.7%	12.3%	12.0%	10.8%	9.4%	11.9%	10.1%	8.9%
Net margin	8.4%	9.3%	8.0%	6.6%	7.3%	8.2%	5.5%	4.8%
Current ratio	1.68×	2.16×	1.97×	2.14×	1.56×	2.09×	2.22×	1.64×
Debt / equity	0.87×	1.03×	0.96×	1.39×	1.49×	1.51×	2.21×	1.8×
Interest coverage	8.28×	9.39×	7.49×	6.57×	7.44×	8.88×	5.49×	4.84×
Dividend yield	2.0%	1.8%	1.6%	2.1%	1.8%	1.6%	1.9%	2.6%
Payout ratio	41.1%	37.1%	39.4%	44.7%	41.6%	38.7%	60.8%	68.1%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	20.0%	23.9%	23.4%	22.4%	24.8%	28.9%	24.1%	19.0%
Return on invested capital	10.5%	12.5%	12.6%	10.6%	9.7%	11.1%	9.0%	8.8%
Return on assets	7.9%	8.9%	8.9%	7.1%	7.3%	8.0%	5.4%	4.9%
Free cash flow yield	5.1%	3.7%	6.3%	3.2%	-0.4%	5.0%	4.2%	2.2%
Earnings yield	5.0%	4.7%	4.1%	4.7%	4.4%	4.2%	3.2%	3.8%
Enterprise value	$15.9B	$17.2B	$16.5B	$12.9B	$14B	$14.5B	$12.1B	$9.3B
Net debt / EBITDA	2.14×	2.46×	2.02×	2.98×	3.26×	2.66×	3.83×	3.94×
Cash conversion cycle (days)	93	98	97	112	113	98	105	112