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Turning Point Brands, Inc. TPB

NYSE · stock · Tobacco Products · website · IPO 2016-05-11 · LEI

Turning Point Brands, Inc. statistics & valuation

Market cap$1.7B
P / E29.0×
P / S3.6×
P / B4.5×
P / FCF38.4×
Dividend yield0.33%
Net margin12.6%
Return on equity15.6%
FCF margin9.5%
Net debt$70.9M
Enterprise value USD$1.8B
Earnings yield EBIT/EV5.4%
Return on capital13.8%
Graham number -56.8%$37.28

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 ($37.28); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
13.10% 7.10% 7.60% 4.50% 9.40% 11.70% 3.60% 11.80% 11.00% 12.60% 2016201720182019202020212022202320242025
Gross margin (%)
48.80% 43.70% 42.90% 37.90% 46.90% 48.90% 55.40% 56.30% 55.90% 57.10% 2016201720182019202020212022202320242025
Operating margin (%)
21.30% 17.40% 14.60% 7.50% 15.90% 20.30% 23.00% 25.50% 22.40% 20.60% 2016201720182019202020212022202320242025
Return on equity (%)
79.00% 37.90% 29.20% 15.20% 32.50% 38.90% 10.30% 25.30% 20.90% 15.60% 2016201720182019202020212022202320242025
Shares outstanding
18.0M 19.5M 19.8M 23.2M 22.9M 22.4M 18.1M 20.5M 19.4M 18.7M 2016201720182019202020212022202320242025
Net debt ($)
$198.7M $183.6M $183.4M $173.7M $260.3M $285.9M $300.4M $189.2M $199.7M $70.9M 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
9.40% 7.20% 7.50% 3.60% 7.70% 8.70% 2.00% 6.80% 8.10% 7.60% 2016201720182019202020212022202320242025
Free cash flow margin (%)
2.90% 9.70% 3.30% 9.10% 9.30% 13.90% 7.00% 18.80% 17.30% 9.50% 2016201720182019202020212022202320242025
Debt / equity (×)
5.92× 3.49× 2.16× 2.52× 2.57× 3.10× 3.59× 2.02× 1.31× 0.79× 2016201720182019202020212022202320242025
EPS ($)
$1.49 $1.04 $1.28 $0.78 $1.85 $2.52 $0.64 $2.01 $2.14 $3.11 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

Turning Point Brands, Inc. trades at about 27.8× earnings — near its 10-year norm (10-year range 8.9×–39×, median 27.7×).

8.9× 39×

Shaded band = 10-year range (8.9×–39×); dot = today's 27.8×.

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 margin57.1%55.9%56.3%55.4%48.9%46.9%37.9%42.9%43.7%48.8%
Operating margin20.6%22.4%25.5%23.0%20.3%15.9%7.5%14.6%17.4%21.3%
Net margin12.6%11.0%11.8%3.6%11.7%9.4%4.5%7.6%7.1%13.1%
FCF margin9.5%17.3%18.8%7.0%13.9%9.3%9.1%3.3%9.7%2.9%
Return on assets7.6%8.1%6.8%2.0%8.7%7.7%3.6%7.5%7.2%9.4%
Return on equity15.6%20.9%25.3%10.3%38.9%32.5%15.2%29.2%37.9%79.0%
Debt / equity0.79×1.31×2.02×3.59×3.10×2.57×2.52×2.16×3.49×5.92×
Current ratio5.564.422.676.236.182.893.391.752.081.90

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