# CECO Environmental Corp. (CECO) fundamentals

Data as of 2026-11-04. NASDAQ, United States. Sector: Industrials. Price $50.21, market value $2.9 billion.

## Valuation
- **P/E (trailing): n/a** (negative earnings). CECO Environmental Corp. reported negative earnings over the last twelve months, so the P/E is not meaningful; use price-to-sales, EV/EBITDA and free-cash-flow yield instead.
- **PEG: 0.06**. A PEG of 0.06 means the P/E is low relative to expected earnings growth: the market is not paying much for that growth.
- **Price / sales: 3.3×**. Each dollar of revenue is priced at 3.3×.
- **Price / book: 1.4×**. The shares trade at 1.4× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 113.6×**. Enterprise value is 113.6× operating earnings before depreciation, the multiple that ignores how the company is financed; above 20× is demanding.
- **Free-cash-flow yield: -0.7%** (5-yr avg 3.3%). Free cash flow is negative: the business is consuming cash, which is normal for heavy investment phases but a warning otherwise.

## Profitability
- **Gross margin: 32.1%**. CECO Environmental Corp. keeps 32.1% of revenue after the direct cost of what it sells.
- **Operating margin: -0.6%**. Operating margin is negative: the business loses money before interest and tax.
- **Net margin: 6.5%**. 6.5% of each dollar of sales reaches the bottom line.
- **Return on equity: 15.8%**. 15.8% on shareholders' equity is solid.
- **Return on invested capital: -0.9%**. Return on all capital, debt included, is -0.9%: close to or below the cost of capital, so growth may not create value.
- **Return on assets: -3.4%**. Each dollar of assets produces -3.4% of profit.

## Growth
- **Revenue growth (1 yr): 38.8%** (3-yr 22.4%/yr, 5-yr 19.6%/yr). Revenue grew 38.8% over the last year, against 19.6% a year compounded over five years: growth is accelerating.
- **EPS growth (1 yr): 280.6%** (3-yr 39.9%/yr, 5-yr 42.9%/yr). Earnings per share rose 280.6%, faster than revenue, so margins expanded or the share count shrank.

## Financial health
- **Debt to equity: 0.67**. Debt is 0.67 times equity, moderate leverage.
- **Net debt / EBITDA: 6.5×**. It would take 6.5 years of operating earnings to repay net borrowings, above the 3× level most lenders treat as comfortable.
- **Current ratio: 1.34** (quick 1.34). Current assets cover the next year's liabilities 1.34 times.
- **Altman Z-score: 4.99**. A Z-score of 4.99 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 5/9**. 5 of 9 checks pass: mixed.

## Dividends
- **Dividend: none**. CECO Environmental Corp. does not currently pay a dividend.

## Analyst view
- **Analyst consensus: strong_buy** (7 analysts). 7 analysts cover CECO Environmental Corp.; the consensus is strong_buy, with an average price target of $109.00 (+117% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): -0.6%** (YTD -18.8%, 3-mo -28.9%). The shares are down 0.6% over twelve months including dividends.
- **From 52-week high: -50.4%** (9.6% above the low). Trading 50% below its 52-week high, deep in a drawdown.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 32**. An RSI of 32 is neutral.
- **Beta (1 yr): 1.95** (volatility 67%). Beta of 1.95 against the S&P 500: the shares move much more than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=CECO · Page: https://foliofundamentals.com/stocks/ceco

Not investment advice.