Vertiv Holdings Co (VRT) 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

-92.4%

$17.31

vs $228.95 price

Levered DCF

$37.32

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

5.73

Safe 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	46.42×	86.07×	39.69×	-359.47×	73.44×	-17.45×	-9.27×	168.1×
P/B	15.69×	17.57×	9.06×	3.57×	6.26×	11.2×	1.92×	1.26×
P/S	6.05×	5.34×	2.66×	0.9×	1.78×	1.31×	0.29×	0.2×
EV / EBITDA	29.65×	37.46×	20.92×	13.38×	23.91×	75.84×	11.37×	3.39×
Gross margin	36.3%	36.6%	35.0%	28.4%	30.5%	33.7%	29.9%	33.1%
Operating margin	18.5%	17.2%	13.4%	4.0%	5.2%	4.9%	5.0%	-0.0%
Net margin	13.0%	6.2%	6.7%	1.3%	2.4%	-7.5%	-3.2%	0.1%
Current ratio	1.55×	1.65×	1.74×	1.66×	1.45×	1.45×	65.6×	0.92×
Debt / equity	0.82×	1.29×	1.55×	2.34×	2.21×	4.5×	5.28×	0×
Interest coverage	22.02×	9.19×	5.09×	1.55×	2.87×	1.42×	0.72×	0×
Dividend yield	0.1%	0.1%	0.1%	0.1%	0.0%	0.1%	27615.7%	0.6%
Payout ratio	5.0%	8.5%	2.1%	5.0%	3.2%	-1.0%	-255843.0%	97.1%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	33.8%	20.4%	22.8%	5.3%	8.4%	-63.9%	-20.8%	0.7%
Return on invested capital	18.4%	14.7%	13.7%	2.0%	3.6%	6.3%	4.8%	-0.1%
Return on assets	10.9%	5.4%	5.8%	1.1%	1.7%	-6.5%	-3.0%	0.7%
Free cash flow yield	3.1%	2.7%	4.2%	-5.1%	1.4%	2.7%	0.7%	0.5%
Earnings yield	2.2%	1.2%	2.5%	1.5%	1.3%	-5.7%	-10.8%	0.6%
Enterprise value	$63.3B	$44.7B	$20.6B	$8.3B	$11.6B	$7.5B	$4.7B	$844.4M
Net debt / EBITDA	0.7×	1.61×	2.38×	5.04×	5.56×	17.87×	8.18×	-0×
Cash conversion cycle (days)	94	102	104	107	87	77	146	-0