Stocktoria

SMITH A O CORP AOS

NYSE · stock · Household Appliances · website · IPO 1983-09-30

SMITH A O CORP statistics & valuation

Market cap$8.5B
P / E15.6×
P / S2.2×
P / B4.6×
Dividend yield2.30%
Net margin14.3%
Return on equity29.4%
Net cash$19.5M
Enterprise value USD$8.5B
EV / EBITDA10.4×
Earnings yield EBIT/EV8.6%
Return on capital32%
Graham number -46.2%$33.68

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($33.68); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
12.20% 9.90% 13.90% 12.40% 11.90% 13.80% 6.30% 14.40% 14.00% 14.30% 2016201720182019202020212022202320242025
Gross margin (%)
41.50% 41.10% 41.00% 39.50% 38.30% 37.00% 35.40% 38.50% 38.10% 38.80% 2016201720182019202020212022202320242025
Operating margin (%)
19.20% 19.30% 19.20% 17.70% 17.40% 19.30% 9.60% 19.30% 18.50% 19.00% 2016201720182019202020212022202320242025
Return on equity (%)
21.60% 18.00% 25.90% 22.20% 18.70% 26.60% 13.50% 30.20% 28.30% 29.40% 2016201720182019202020212022202320242025
Shares outstanding
176.8M 174.6M 172.2M 166.7M 162.6M 161.3M 155.8M 151.0M 147.1M 141.9M 2016201720182019202020212022202320242025
Net debt ($)
-$6.8M $63.8M -$38.3M -$90.0M -$459.9M -$246.6M -$46.7M -$212.6M -$46.4M -$19.5M 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
11.30% 9.30% 14.50% 12.10% 10.90% 14.00% 7.10% 17.30% 16.50% 17.40% 2016201720182019202020212022202320242025
Free cash flow margin (%)
2016201720182019202020212022202320242025
Debt / equity (×)
0.21× 0.25× 0.13× 0.17× 0.06× 0.11× 0.20× 0.07× 0.10× 0.08× 2016201720182019202020212022202320242025
EPS ($)
$1.85 $1.70 $2.58 $2.22 $2.12 $3.02 $1.51 $3.69 $3.63 $3.85 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

SMITH A O CORP trades at about 16.3× earnings — below its 10-year norm (10-year range 18.5×–44.8×, median 25.3×).

16.3× 44.8×

Shaded band = 10-year range (18.5×–44.8×); dot = today's 16.3×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Gross margin38.8%38.1%38.5%35.4%37.0%38.3%39.5%41.0%41.1%41.5%
Operating margin19.0%18.5%19.3%9.6%19.3%17.4%17.7%19.2%19.3%19.2%
Net margin14.3%14.0%14.4%6.3%13.8%11.9%12.4%13.9%9.9%12.2%
Return on assets17.4%16.5%17.3%7.1%14.0%10.9%12.1%14.5%9.3%11.3%
Return on equity29.4%28.3%30.2%13.5%26.6%18.7%22.2%25.9%18.0%21.6%
Debt / equity0.08×0.10×0.07×0.20×0.11×0.06×0.17×0.13×0.25×0.21×
Current ratio1.501.551.591.751.571.831.962.092.232.04

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.