HEICO Corporation Ratios | P/E, ROE & Valuation

On the Key Ratios page for HEICO Corporation (HEI), the latest P/E of 60.5 frames valuation, while ROE 17.82% and ROIC 10.93% indicates profitability and capital efficiency. Together with the current ratio of 2.92 and debt-to-equity 0.54, these signals help you judge whether valuation is supported by fundamentals across the historical rows.

Financial Performance Ratios

HEI Historical Per Share Metrics

10 years
Metric (FY)TTM202420232022202120202019201820172016
Revenue per Share$35.19$27.86$21.64$16.24$13.79$13.26$15.38$13.41$11.58$10.51
Net Income per Share$5.66$3.71$2.94$2.59$2.25$2.33$2.45$1.96$1.41$1.19
Operating Cash Flow per Share$7.14$4.86$3.27$3.44$3.28$3.04$3.27$2.48$2.09$1.90
Free Cash Flow per Share$6.63$4.44$2.91$3.20$3.01$2.87$3.06$2.16$1.89$1.67
Cash per Share$1.51$1.17$1.25$1.03$0.80$3.02$0.43$0.45$0.40$0.33
Book Value per Share$38.63$26.70$23.28$21.88$18.84$16.56$14.09$12.34$10.47$9.07
Tangible Book Value per Share$-3.73$-7.35$-10.49$4.19$3.82$2.00$0.48$0.10$-1.82$-0.34
Interest Debt per Share$19.46$17.35$18.75$2.29$1.90$5.69$4.37$4.17$5.19$3.56
CAPEX per Share$0.51$0.42$0.36$0.24$0.27$0.17$0.22$0.32$0.20$0.24

HEI Historical Valuation Ratios

10 years
Metric (FY)TTM202420232022202120202019201820172016
Price to Earnings (P/E)60.5465.9753.8462.961.345.0850.2742.8641.129
Price to Book (P/B)10.029.336.918.498.247.159.897.956.584.7
Price to Sales (P/S)9.728.797.3210.02107.928.026.255.013.29
Enterprise Value to EBITDA36.6335.9831.7937.638.6431.1431.3425.6122.2315.21
EV to Sales10.29.338.1110.0910.078.128.266.525.423.59
EV to Operating Cash Flow50.2653.5553.6247.6342.3135.4538.8435.2630.0719.84
EV to Free Cash Flow54.1258.6360.2551.1346.0737.5541.5940.4233.2122.65
Enterprise Value$50.12B$36.01B$24.06B$22.29B$18.79B$14.50B$16.99B$11.58B$8.27B$4.94B

HEI Historical Profitability Ratios

10 years
Metric (FY)TTM202420232022202120202019201820172016
Return on Equity (ROE)17.82%14.14%12.83%13.49%13.44%15.86%19.68%18.54%16.02%16.21%
Return on Invested Capital (ROIC)10.93%9.90%7.89%10.52%10.45%10.45%14.09%12.68%9.48%10.08%
Return on Tangible Assets21.46%17.86%15.74%20.81%20.76%19.80%28.52%25.11%20.83%19.36%
Earnings Yield1.65%1.52%1.86%1.59%1.63%2.22%1.99%2.33%2.43%3.45%
Free Cash Flow Yield1.94%1.81%1.84%1.97%2.19%2.73%2.48%2.58%3.26%4.82%
Dividend Yield0.07%0.09%0.13%0.11%0.12%0.15%0.11%0.14%0.17%0.24%

HEI Historical Liquidity & Financial Strength

10 years
Metric (FY)TTM202420232022202120202019201820172016
Current Ratio2.923.112.792.743.184.832.812.62.532.72
Interest Coverage95.598.8776.4154.228.6721.218.8431.4432.45
Income Quality1.21.21.011.21.351.221.221.151.321.41
Debt to Equity0.540.620.790.120.110.380.340.380.580.48
Debt to Assets26.97%29.67%34.73%7.45%7.16%21.25%18.93%20.07%26.83%22.47%
Net Debt to EBITDA1.742.093.080.280.290.750.931.051.671.28

HEI Historical Efficiency Ratios

10 years
Metric (FY)TTM202420232022202120202019201820172016
Receivables Turnover5.675.934.785.685.746.66.487.076.856.81
Payables Turnover10.0211.318.3510.8912.513.6311.069.610.0711.13
Inventory Turnover2.091.921.72.182.242.242.82.562.632.85
Days Sales Outstanding64.461.5776.3464.2763.5855.3256.3751.6353.2553.63
Days Payables Outstanding36.4232.2743.7233.5129.226.7732.9938.0136.2432.8
Days of Inventory on Hand174.89190.4215.26167.47163.17162.67130.55142.36138.8128.06

HEI Historical Market Metrics

10 years
Metric (FY)TTM202420232022202120202019201820172016
Enterprise Value to EBITDA36.6335.9831.7937.638.6431.1431.3425.6122.2315.21
Market Cap$47.74B$33.91B$21.73B$22.12B$18.65B$14.16B$16.48B$11.11B$7.64B$4.53B
Enterprise Value$50.12B$36.01B$24.06B$22.29B$18.79B$14.50B$16.99B$11.58B$8.27B$4.94B
Dividend Yield0.07%0.09%0.13%0.11%0.12%0.15%0.11%0.14%0.17%0.24%
Payout Ratio4.23%5.65%6.78%6.96%7.56%6.86%5.70%5.93%6.89%6.87%

Frequently Asked Questions

Is HEICO Corporation stock overvalued based on its P/E ratio?

On this page, HEI's current P/E is 60.5, compared with a multi-year average around 51.3. A higher P/E versus its own history can indicate the market is pricing in stronger earnings growth or better durability. To judge whether the premium is justified, cross-check profitability (ROE/ROIC), liquidity (current ratio), and leverage (debt-to-equity) so you can separate quality strength from expectations alone.

What is HEICO Corporation market cap?

Market cap is the market value of a company's equity and is commonly calculated as share price multiplied by shares outstanding. The latest market cap shown in the table is $47.74B. Pair market cap with valuation multiples (P/E, P/B, P/S) so you can evaluate whether size also corresponds with "quality" and profitability. For a wider view across stocks, you can also use the stock screener.

What is a good P/E ratio for HEICO Corporation compared to its industry?

There isn't one universal "good" P/E - P/E should be judged against the business model and expected growth for its sector. A practical approach is: (1) compare the P/E on this page to HEICO Corporation's own historical range (shown across the table's rows), and (2) benchmark against peer companies using the Screener's P/E filters and the Peers Comparison/Compare tools. If profitability (ROE/ROIC) and cash-flow strength are improving, a higher P/E can be more defensible; if returns are slipping, even a lower P/E may be a value trap.

How does HEICO Corporation compare to its competitors in key financial ratios?

The fastest way to compare HEICO Corporation with competitors is to use the built-in "Peers Comparison" section on this page and the Compare tool. Focus on a small set of ratios that work together: P/E for valuation, ROE/ROIC for profitability and capital efficiency, current ratio and interest coverage for liquidity and solvency, and debt-to-equity for leverage risk. When you see HEICO Corporation outperform peers on profitability while keeping valuation and leverage reasonable, it often signals stronger fundamentals.

Is HEICO Corporation financially strong based on its ratios?

To assess whether HEICO Corporation is financially strong, review both profitability and balance-sheet risk together. Current ratio is about 2.92, which is above 1.0 and can indicate more comfortable short-term liquidity. Interest coverage is about 9.00, implying a stronger ability to cover interest expenses. Debt-to-equity is about 0.54, suggesting leverage is more moderate relative to a high-debt profile. Then confirm the same story is supported by ROE/ROIC (quality of earnings) and by cash-flow backed metrics in the table.

What do HEICO Corporation's financial ratios say about its future growth?

Ratios are a way to see what the business is likely to sustain. Look for upward trends in profitability metrics (ROE and ROIC), improving earnings/cash-flow backed measures, and stable or strengthening liquidity. If HEICO Corporation is sustaining strong returns (for example ROE at 17.82% and ROIC at 10.93%) while debt levels and interest coverage remain manageable, growth expectations may be more credible. If valuation multiples expand while returns weaken, the market may be pricing optimistic growth ahead of results.