ECVT - Ecovyst Inc. Stock Price, Fair Value and News

9.88USD-0.16 (-1.59%)Market Closed

Market Summary

USD9.88-0.16

Market Closed

-1.59%

ECVT Alerts

1 major insider sales recently.

ECVT Stock Price

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ECVT RSI Chart

ECVT Valuation

Market Cap

1.2B

Price/Earnings (Trailing)

16.24

Price/Sales (Trailing)

1.67

EV/EBITDA

9.77

Price/Free Cashflow

15.99

ECVT Price/Sales (Trailing)

ECVT Profitability

EBT Margin

11.86%

Return on Equity

10.09%

Return on Assets

3.87%

Free Cashflow Yield

6.25%

ECVT Fundamentals

ECVT Revenue

Revenue (TTM)

691.1M

Rev. Growth (Yr)

-5.44%

Rev. Growth (Qtr)

-0.3%

ECVT Earnings

Earnings (TTM)

71.2M

Earnings Growth (Yr)

18.52%

Earnings Growth (Qtr)

80.58%

Breaking Down ECVT Revenue

Last 7 days

1.2%

Last 30 days

-8.2%

Last 90 days

4.1%

Trailing 12 Months

-9.4%

How does ECVT drawdown profile look like?

ECVT Financial Health

Current Ratio

2.07

Debt/Equity

1.22

Debt/Cashflow

0.16

ECVT Investor Care

Dividend Yield

33.2%

Dividend/Share (TTM)

3.2

Buy Backs (1Y)

5.04%

Diluted EPS (TTM)

0.61

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs

Net sales

Year	Q1	Q2	Q3	Q4
2023	801.3M	760.3M	701.0M	691.1M
2022	664.3M	742.5M	807.6M	820.2M
2021	497.0M	528.3M	565.1M	611.2M
2020	536.6M	514.1M	500.8M	495.9M
2019	1.4B	1.1B	783.8M	532.7M
2018	1.5B	1.6B	1.6B	1.6B
2017	1.3B	1.4B	1.4B	1.5B
2016	557.7M	726.5M	895.4M	1.1B
2015	0	0	0	388.9M

Get all data in R, Python etc through our Historical Stock Data APIs

GRUFITY'S FAIR VALUE MODEL

Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed Russell 2000 Index

Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>

Returns of $10,000 invested in:

Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224

Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

Russell 2000 Index

Very Expensive Stocks

Very Cheap Stocks

Try For Just $1.99

Tracking the Latest Insider Buys and Sells of Ecovyst Inc.

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Mar 22, 2024	ward susan f	sold	-251,307	10.2843	-24,436	-
Mar 08, 2024	lorance sarah	acquired	-	-	18,077	-
Jan 22, 2024	ward susan f	acquired	-	-	22,701	-
Jan 22, 2024	vann george l. jr.	acquired	-	-	13,621	see remarks
Jan 22, 2024	vann kyle d	acquired	-	-	22,701	-
Jan 22, 2024	bradley david a.	acquired	-	-	22,701	-
Jan 22, 2024	brown bryan k.	acquired	-	-	22,701	-
Jan 22, 2024	koscinski joseph s.	acquired	-	-	45,403	see remarks
Jan 22, 2024	whittleston paul	acquired	-	-	20,432	see remarks
Jan 22, 2024	bitting kurt	acquired	-	-	99,319	see remarks

Which funds bought or sold ECVT recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
Apr 24, 2024	DekaBank Deutsche Girozentrale	reduced	-26.5	-36,000	157,000	-%
Apr 24, 2024	Spire Wealth Management	sold off	-100	-42,429	-	-%
Apr 23, 2024	AMALGAMATED BANK	reduced	-66.29	-57,000	35,000	-%
Apr 23, 2024	WEDGE CAPITAL MANAGEMENT L L P/NC	reduced	-3.9	553,031	6,270,190	0.10%
Apr 22, 2024	Raymond James Financial Services Advisors, Inc.	unchanged	-	494,574	3,996,020	0.01%
Apr 22, 2024	Confluence Wealth Services, Inc.	added	2.4	21,590	149,577	0.01%
Apr 22, 2024	MetLife Investment Management, LLC	unchanged	-	-3,519	491,128	-%
Apr 18, 2024	SJS Investment Consulting Inc.	reduced	-18.18	-14.00	201	-%
Apr 18, 2024	Allspring Global Investments Holdings, LLC	added	0.3	7,204,670	57,012,500	0.09%
Apr 17, 2024	Amplius Wealth Advisors, LLC	unchanged	-	50,077	404,608	0.04%

Are Funds Buying or Selling ECVT?

Are funds buying ECVT calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own ECVT

No. of Funds

ECVT Alerts

1 major insider sales recently.

Unveiling Ecovyst Inc.'s Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 13, 2024	vanguard group inc	9.22%	10,703,781	SC 13G/A
Feb 13, 2024	hotchkis & wiley capital management llc	5.74%	6,661,635	SC 13G
Feb 12, 2024	ccmp capital investors iii, l.p.	0%	0	SC 13G/A
Feb 09, 2024	dimensional fund advisors lp	5.0%	5,824,450	SC 13G
Jan 26, 2024	blackrock inc.	7.2%	8,307,879	SC 13G
Jun 27, 2023	ineos ltd	7.8%	9,040,415	SC 13D/A
May 26, 2023	ineos ltd	9.2%	10,731,385	SC 13D/A
Feb 13, 2023	blackrock inc.	5.3%	6,848,107	SC 13G
Feb 13, 2023	ccmp capital investors iii, l.p.	4.5%	5,446,572	SC 13G/A
Feb 09, 2023	vanguard group inc	6.51%	8,485,192	SC 13G

Recent SEC filings of Ecovyst Inc.

View All Filings

Date Filed	Form Type	Document
Apr 08, 2024	ARS	ARS
Apr 08, 2024	DEF 14A	DEF 14A
Mar 26, 2024	4	Insider Trading
Mar 22, 2024	144	Notice of Insider Sale Intent
Mar 15, 2024	PRE 14A	PRE 14A
Mar 12, 2024	4	Insider Trading
Mar 08, 2024	3	Insider Trading
Feb 29, 2024	10-K	Annual Report
Feb 28, 2024	8-K	Current Report
Feb 28, 2024	8-K	Current Report

Peers (Alternatives to Ecovyst Inc.)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
APD	52.3B	12.4B	-1.14%	-17.70%	22.38	4.21	-3.54%	3.06%
DOW	39.8B	44.6B	-1.14%	7.30%	60.33	0.89	-21.58%	-85.78%
AVTR	17.0B	7.0B	-0.99%	34.24%	53.08	2.45	-7.26%	-53.23%
CE	16.8B	10.9B	-7.53%	54.23%	8.55	1.53	13.10%	3.48%
ALB	13.5B	9.6B	-3.39%	-36.55%	8.58	1.4	31.38%	-41.50%
EMN	11.3B	9.2B	-2.26%	20.09%	12.61	1.22	-12.95%	12.74%
MID-CAP
CBT	5.2B	3.9B	3.92%	31.55%	11.6	1.31	-9.12%	26.64%
BCPC	4.5B	922.4M	-9.85%	11.47%	41.12	4.84	-2.11%	3.01%
AVNT	3.9B	3.1B	2.46%	15.36%	51.34	1.24	-7.48%	-89.19%
ARCH	3.0B	3.0B	4.60%	39.11%	9.3	1.01	-20.68%	-74.24%
SMALL-CAP
CCF	1.2B	404.0M	0.11%	32.60%	36.59	3	24.06%	-25.72%
ASIX	690.7M	1.5B	-1.82%	-29.93%	12.65	0.45	-21.18%	-60.55%
CMT	169.5M	357.7M	2.01%	1.13%	8.34	0.47	-5.20%	66.55%
AREC	105.7M	16.7M	5.93%	19.17%	9.54	6.31	-57.58%	866.09%
AMRS	3.7M	-	-80.00%	-99.58%	-0.01	0.01	-	-

Ecovyst Inc. News

Latest updates

Ecovyst Inc. Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Income Statement (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Revenue	-0.3%	173	173	184	161	183	233	225	180	170	167	147	127	124	131	116	126	129	144	138	122	380
Gross Profit	-11.0%	47.00	53.00	61.00	36.00	49.00	68.00	60.00	48.00	54.00	54.00	38.00	30.00	38.00	41.00	35.00	38.00	38.00	50.00	45.00	34.00	88.00
Operating Expenses	11.6%	5.00	4.00	6.00	7.00	10.00	8.00	10.00	8.00	7.00	6.00	5.00	6.00	7.00	3.00	4.00	3.00	-10.62	16.00	2.00	11.00	-38.47
S&GA Expenses	16.6%	20.00	17.00	21.00	21.00	18.00	21.00	23.00	24.00	29.00	25.00	22.00	22.00	20.00	19.00	21.00	22.00	-40.10	40.00	43.00	41.00	-41.26
EBITDA Margin	3.6%	0.29*	0.28*	0.26*	0.23*	0.24*	0.23*	0.22*	0.20*	0.19*	0.18*	0.18*	-	-	-	-	-	-	-	-	-	-
Interest Expenses	17.8%	14.00	12.00	9.00	10.00	10.00	10.00	9.00	8.00	9.00	9.00	9.00	10.00	10.00	10.00	15.00	15.00	-17.98	28.00	29.00	29.00	-12.28
Income Taxes	-186.7%	-6.84	8.00	9.00	1.00	3.00	9.00	7.00	6.00	7.00	3.00	8.00	-5.19	-47.08	21.00	-24.63	-1.66	-27.17	17.00	20.00	2.00	-13.61
Earnings Before Taxes	-5.6%	23.00	24.00	35.00	-0.52	24.00	30.00	27.00	14.00	15.00	7.00	-0.18	-7.94	-1.11	-1.35	10.00	-5.01	-57.03	44.00	51.00	6.00	-39.51
EBT Margin	0.0%	0.12*	0.12*	0.12*	0.10*	0.12*	0.11*	0.08*	0.05*	0.02*	0.00*	-0.02*	-	-	-	-	-	-	-	-	-	-
Net Income	80.6%	30.00	17.00	26.00	-1.47	25.00	21.00	19.00	8.00	25.00	-71.26	-1.49	-92.63	-302	8.00	16.00	0.00	19.00	27.00	31.00	3.00	28.00
Net Income Margin	8.6%	0.10*	0.09*	0.09*	0.08*	0.09*	0.09*	-0.03*	-0.06*	-0.23*	-0.83*	-0.74*	-	-	-	-	-	-	-	-	-	-
Free Cashflow	194.1%	52.00	18.00	16.00	-14.58	58.00	43.00	31.00	-4.33	30.00	19.00	16.00	-	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Assets	1.4%	1,838	1,813	1,814	1,830	1,885	1,932	1,968	1,935	1,931	1,903	3,088	3,064	3,198	4,324	4,247	4,297	4,321	4,365	4,442	4,382	4,327
Current Assets	20.4%	246	204	197	221	268	324	357	302	292	251	387	369	429	648	588	611	569	592	637	570	559
Cash Equivalents	130.6%	88.00	38.00	29.00	62.00	111	121	151	130	-	105	56.00	55.00	113	123	38.00	55.00	36.00	79.00	82.00	52.00	27.00
Inventory	-6.5%	45.00	48.00	48.00	46.00	44.00	50.00	56.00	55.00	54.00	48.00	48.00	49.00	53.00	250	267	265	51.00	260	275	284	265
Net PPE	-0.7%	577	581	587	584	585	581	584	589	596	595	595	593	592	1,136	1,133	1,148	618	1,178	3.00	1,202	1,209
Goodwill	0.3%	404	403	404	404	403	401	403	405	406	406	430	430	392	1,264	1,255	1,249	391	1,251	1,258	1,257	390
Liabilities	-0.2%	1,132	1,135	1,146	1,156	1,177	1,192	1,190	1,170	1,190	1,196	1,883	1,877	1,921	2,520	2,471	2,556	2,536	2,629	2,722	2,707	2,663
Current Liabilities	18.6%	119	100	103	109	129	135	134	113	145	138	200	193	202	234	221	246	270	263	259	263	256
Long Term Debt	-0.2%	859	861	862	864	866	868	869	871	873	875	1,396	1,402	1,400	1,905	1,899	1,962	1,843	2,007	2,105	2,103	2,107
LT Debt, Current	0%	9.00	9.00	9.00	9.00	9.00	9.00	9.00	9.00	9.00	9.00	9.00	-	-	15.00	9.00	8.00	-	8.00	10.00	11.00	7.00
LT Debt, Non Current	-0.2%	859	861	862	864	866	868	869	871	873	875	1,396	1,402	1,400	1,905	1,899	1,962	1,843	2,007	2,105	2,103	2,107
Shareholder's Equity	4.1%	705	678	668	674	707	740	778	766	741	707	1,205	1,186	1,277	1,804	1,776	1,741	1,785	1,737	1,719	1,675	1,664
Retained Earnings	14.9%	-170	-200	-217	-243	-242	-267	-288	-307	-315	-341	-269	-268	-175	127	119	103	103	84.00	57.00	27.00	26.00
Additional Paid-In Capital	0.3%	1,103	1,099	1,101	1,096	1,091	1,089	1,085	1,079	1,073	1,069	1,492	1,485	1,478	1,716	1,709	1,703	1,697	1,692	1,687	1,678	1,675
Shares Outstanding	0%	116	116	116	120	122	133	138	138	136	136	136	136	-	-	-	-	-	-	-	-	-
Minority Interest	-	-	-	-	-	-	-	-	-	-	-	-0.74	-0.74	0.00	4.00	3.00	3.00	6.00	5.00	5.00	5.00	5.00
Float	-	-	-	1,224	-	-	-	648	-	-	-	855	-	-	-	538	-	-	-	646	-	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Cashflow From Operations	98.9%	64,191	32,266	37,026	4,114	77,281	56,470	46,432	6,423	45,052	35,568	31,875	17,423	72,992	88,497	57,578	4,531	85,869	121,902	33,154	26,838	82,641
Share Based Compensation	0.2%	3,484	3,477	5,002	4,068	3,213	4,740	5,385	7,294	9,001	10,193	6,339	6,305	2,134	6,137	6,366	4,294	-295	4,806	5,370	3,400	5,020
Cashflow From Investing	18.9%	-11,693	-14,415	-20,529	-18,698	-19,396	-14,127	-15,085	-14,413	-16,237	954,012	-25,474	-76,569	593,523	-5,829	-14,024	-22,198	19,384	-20,886	-4,590	-29,267	-23,383
Cashflow From Financing	71.4%	-3,029	-10,591	-46,308	-33,570	-65,628	-70,644	-9,359	-2,555	388	-958,497	-4,146	-1,978	-712,594	-4,271	-64,256	58,301	-112,842	-102,850	2,151	-2,552	-59,460
Dividend Payments	-	-	-	-	-	-	-	-	-	-	-	-	-	243,749	-	-	-	-	-	-	-	-
Buy Backs	-100.0%	-	5,344	43,523	29,850	63,030	66,584	7,127	-	-	-	-1,470	1,470	-1,992	1,992	-1,830	3,889	-2,235	896	-	1,339	2,152

ECVT Income Statement

2023-12-31

CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	12 Months Ended
CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Income Statement [Abstract]
Sales	$ 691,118	$ 820,159	$ 611,201
Cost of goods sold	493,153	595,529	434,540
Gross profit	197,965	224,630	176,661
Selling, general and administrative expenses	79,215	85,334	97,781
Other operating expense, net	22,100	34,911	24,273
Operating income	96,650	104,385	54,607
Equity in net (income) from affiliated companies	(30,624)	(27,725)	(27,737)
Interest expense, net	44,730	37,217	36,990
Debt extinguishment costs	0	0	26,902
Other expense, net	605	158	4,511
Income before income taxes	81,939	94,735	13,941
Provision for income taxes	10,785	24,940	12,147
Net income from continuing operations	71,154	69,795	1,794
Net income (loss) from discontinued operations, net of tax	0	3,902	(141,410)
Net income (loss)	71,154	73,697	(139,616)
Less: Net income attributable to the noncontrolling interest - discontinued operations	0	0	333
Net income (loss) attributable to Ecovyst Inc.	71,154	73,697	(139,949)
Income from continuing operations attributable to Ecovyst Inc.	71,154	69,795	1,794
Income (loss) from discontinued operations attributable to Ecovyst Inc.	$ 0	$ 3,902	$ (141,743)
Net income (loss) per share:
Basic income per share—continuing operations	$ 0.60	$ 0.52	$ 0.01
Diluted income per share—continuing operations	0.60	0.52	0.01
Basic income (loss) per share—discontinued operations	0	0.03	(1.04)
Diluted income (loss) per share—discontinued operations	0	0.03	(1.03)
Basic income (loss) per share	0.60	0.55	(1.03)
Diluted income (loss) per share	$ 0.60	$ 0.55	$ (1.02)
Weighted average shares outstanding:
Basic (shares)	118,367,214	133,601,322	136,167,384
Diluted (shares)	119,487,709	135,088,172	137,708,931

ECVT Balance Sheet

2023-12-31

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
ASSETS
Cash and cash equivalents	$ 88,365	$ 110,920
Accounts receivable, net	81,314	74,758
Inventories, net	45,115	44,362
Derivative assets	13,419	18,510
Prepaid and other current assets	17,774	19,154
Total current assets	245,987	267,704
Investments in affiliated companies	440,198	436,013
Property, plant and equipment, net	576,904	584,889
Goodwill	404,470	403,163
Other intangible assets, net	116,550	129,932
Right-of-use lease assets	24,281	28,265
Other long-term assets	29,361	34,587
Total assets	1,837,751	1,884,553
LIABILITIES
Current maturities of long-term debt	9,000	9,000
Accounts payable	40,195	40,019
Operating lease liabilities—current	8,193	8,155
Accrued liabilities	61,693	72,229
Total current liabilities	119,081	129,403
Long-term debt, excluding current portion	858,946	865,870
Deferred income taxes	115,791	136,184
Operating lease liabilities—noncurrent	16,030	20,021
Other long-term liabilities	22,439	25,846
Total liabilities	1,132,287	1,177,324
Commitments and contingencies (Note 23)
EQUITY
Common stock, value, issued	1,407	1,396
Preferred stock, value, issued	0	0
Additional paid-in capital	1,102,581	1,091,475
Accumulated deficit	(170,856)	(242,010)
Treasury stock, value	(226,710)	(149,624)
Accumulated other comprehensive (loss) income	(958)	5,992
Total equity	705,464	707,229
Total liabilities and equity	$ 1,837,751	$ 1,884,553

About Ecovyst Inc.

Ecovyst Inc. offers specialty catalysts and services in the United States, the Netherlands, the United Kingdom, and internationally. The company operates in two segments, Ecoservices and Catalyst Technologies. The Ecoservices segment provides sulfuric acid recycling services and end-to-end logistics for production of alkylate for refineries; and virgin sulfuric acid for mining, water treatment, and industrial applications. The Catalyst Technologies segment offers customized catalyst products and process solutions to producers and licensors of polyethylene and methyl methacrylate. Its catalyst supports the production of plastics used in packaging films, bottles, containers, and other molded applications. This segment also provides zeolite-based emission control catalysts, which enable the removal of nitrogen oxides from diesel engine emissions, as well as sulfur dioxide from fuels during the refining process. The company was formerly known as PQ Group Holdings Inc. and changed its name to Ecovyst Inc. in August 2021. Ecovyst Inc. was founded in 1831 and is headquartered in Malvern, Pennsylvania.

CEO	Mr. Kurt J. Bitting
WEBSITE	ecovyst.com
INDUSTRY	Chemicals
EMPLOYEES	890

Ecovyst Inc. Frequently Asked Questions

What is the ticker symbol for Ecovyst Inc.? What does ECVT stand for in stocks?

ECVT is the stock ticker symbol of Ecovyst Inc.. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Ecovyst Inc. (ECVT)?

As of Thu Apr 25 2024, market cap of Ecovyst Inc. is 1.16 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of ECVT stock?

You can check ECVT's fair value in chart for subscribers.

What is the fair value of ECVT stock?

You can check ECVT's fair value in chart for subscribers. The fair value of Ecovyst Inc. is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Ecovyst Inc. is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for ECVT so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Ecovyst Inc. a good stock to buy?

The fair value guage provides a quick view whether ECVT is over valued or under valued. Whether Ecovyst Inc. is cheap or expensive depends on the assumptions which impact Ecovyst Inc.'s fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for ECVT.

What is Ecovyst Inc.'s Price to Earnings (PE) and Price to sales (PS) ratio?

As of Thu Apr 25 2024, ECVT's PE ratio (Price to Earnings) is 16.24 and Price to Sales (PS) ratio is 1.67. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. ECVT PE ratio will change depending on the future growth rate expectations of investors.