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ARMSTRONG WORLD INDUSTRIES INC AWI

NYSE · stock · Plastics Products, NEC · website · IPO 2006-10-11 · LEI

ARMSTRONG WORLD INDUSTRIES INC statistics & valuation

Market cap$6.9B
P / E22.4×
P / S4.3×
P / B7.7×
Dividend yield0.80%
Net margin19.0%
Return on equity34.3%
Net debt$283.7M
Net debt / EBITDA0.5×
Enterprise value USD$7.2B
EV / EBITDA13.1×
Earnings yield EBIT/EV6%
Return on capital26%
Graham number -68.7%$57.37

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 ($57.37); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
12.50% 13.40% 19.10% 20.70% -10.60% 16.60% 16.50% 17.30% 18.30% 19.00% 2016201720182019202020212022202320242025
Gross margin (%)
36.70% 35.30% 34.20% 38.10% 35.60% 36.70% 36.40% 38.40% 40.20% 40.60% 2016201720182019202020212022202320242025
Operating margin (%)
23.40% 27.30% 25.60% 30.60% 27.20% 23.50% 22.60% 25.00% 25.90% 26.60% 2016201720182019202020212022202320242025
Return on equity (%)
39.30% 31.10% 82.30% 58.80% -22.00% 35.30% 37.90% 37.80% 35.00% 34.30% 2016201720182019202020212022202320242025
Shares outstanding
55.7M 53.9M 52.1M 49.5M 47.9M 47.9M 46.4M 44.8M 44.0M 43.6M 2016201720182019202020212022202320242025
Net debt ($)
$706.7M $658.1M $439.1M $559.2M $553.6M $508.3M $545.1M $493.5M $423.3M $283.7M 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
6.00% 6.40% 10.10% 14.40% -5.80% 10.70% 12.00% 13.40% 14.40% 16.00% 2016201720182019202020212022202320242025
Free cash flow margin (%)
2016201720182019202020212022202320242025
Debt / equity (×)
3.19× 2.13× 3.38× 1.66× 1.53× 1.17× 1.22× 0.95× 0.66× 0.44× 2016201720182019202020212022202320242025
EPS ($)
$1.87 $2.21 $3.56 $4.32 -$2.07 $3.82 $4.37 $4.99 $6.02 $7.08 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

ARMSTRONG WORLD INDUSTRIES INC trades at about 25.9× earnings — above its 10-year norm (10-year range 17.7×–28.4×, median 23.2×).

17.7× 28.4×

Shaded band = 10-year range (17.7×–28.4×); dot = today's 25.9×.

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 margin40.6%40.2%38.4%36.4%36.7%35.6%38.1%34.2%35.3%36.7%
Operating margin26.6%25.9%25.0%22.6%23.5%27.2%30.6%25.6%27.3%23.4%
Net margin19.0%18.3%17.3%16.5%16.6%-10.6%20.7%19.1%13.4%12.5%
Return on assets16.0%14.4%13.4%12.0%10.7%-5.8%14.4%10.1%6.4%6.0%
Return on equity34.3%35.0%37.8%37.9%35.3%-22.0%58.8%82.3%31.1%39.3%
Debt / equity0.44×0.66×0.95×1.22×1.17×1.53×1.66×3.38×2.13×3.19×
Current ratio1.461.401.611.951.541.811.571.312.401.81

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