WHIRLPOOL CORP /DE/
$29.06
+0.15 (+0.52%) · delayed · Nov 13, 2026
Five-year price
52w $25.50 to $94.82
- Market cap
- $1.6B
- Enterprise value
- $7.1B
- P/E
- 5.1×
- 10.2× on 3y avg EPS
- EV / EBIT
- 8.5×
- FCF yield
- 5.0%
- ROIC
- 7.4%
- Debt / equity
- 2.26
- Piotroski F
- 5/9
Value scorecard · FY2025
Does it pass the value tests?
Quality
17
- ○ROIC > 12% (5y avg)5y avg ROIC 7.1%
- ○ROE > 15% (5y avg)5y avg ROE -1.6%
- ○Stable operating marginsMargin volatility 5.4% (σ, 5y)
- ○Earnings convert to cashFCF / net income 65% (5y avg)
- ○Growing revenueRevenue CAGR 5y -4.4%
- ●Shrinking share countDiluted shares -11.2% over 5y
Value
80
- ●P/E below 15P/E 5.1
- ●EV/EBIT below 12EV/EBIT 8.5
- ○FCF yield above 6%FCF yield 5.0%
- ●Price below Graham NumberGraham Number $78.59
- ●P/B below 3P/B 0.6
Safety
0
- ○Debt / equity below 0.5D/E 2.26
- ○Debt payable in < 4 yrs of earningsNet debt $5.5B
- ○Interest coverage > 8xCoverage 2.5x
- ○Current ratio > 1.5Current ratio 0.76
- ○Piotroski F-score ≥ 6F-score 5/9
Graham Defensive
57
- ●Adequate size (revenue > $2B)Revenue $15.5B
- ○Strong condition (current ratio ≥ 2)Current ratio 0.76
- ○Earnings stability (no loss, 10y)10 years of data
- ●Uninterrupted dividendsDividends paid every year on record
- ○Earnings growth ≥ 33% (10y, 3y avgs)EPS growth -37%
- ●Moderate P/E (≤ 15 on 3y avg EPS)P/E (3y avg) 10.2
- ●P/E × P/B ≤ 22.5Product 6.1
Valuation lab
What do you have to believe?
At $29.06, the market is pricing in about 25.5% annual free-cash-flow growth for the next decade (9% discount rate, 2.5% terminal growth).
Starting cash flow
Net debt $5.5B · 56M shares · 5y revenue CAGR −4.4%
Intrinsic value
$-83.83
Price
$29.06
Margin of safety
135%
What the price implies
The market is paying for 25.5% annual cash-flow growth for 10 years at a 9.0% discount rate.
Terminal value share
45% of the value sits beyond year 10.
Financial statements
A decade of the record.
USD millions · fiscal years · source: SEC 10-K XBRL
| Line item | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 20,718 | 21,253 | 21,037 | 20,419 | 19,456 | 21,985 | 19,724 | 19,455 | 16,607 | 15,524 |
| Gross profit | 3,692 | 3,602 | 3,537 | 3,511 | 3,842 | 4,409 | 3,073 | 3,170 | 2,581 | 2,386 |
| Operating income | 1,368 | 1,136 | 279 | 1,549 | 1,615 | 2,348 | (1,056) | 1,015 | 143 | 838 |
| Operating margin | 6.6% | 5.3% | 1.3% | 7.6% | 8.3% | 10.7% | -5.4% | 5.2% | 0.9% | 5.4% |
| Pre-tax income | 1,114 | 887 | (21) | 1,530 | 1,447 | 2,332 | (1,227) | 593 | (188) | 516 |
| Income tax | 186 | 550 | 138 | 348 | 382 | 518 | 265 | 77 | 10 | 142 |
| Net income | 888 | 350 | (183) | 1,168 | 1,075 | 1,783 | (1,519) | 481 | (323) | 318 |
| EPS (diluted) | 11.50 | 4.70 | -2.72 | 18.19 | 16.98 | 28.36 | -27.18 | 8.72 | -5.87 | 5.66 |
| Diluted shares | 77 | 74 | 67 | 64 | 63 | 63 | 56 | 55 | 55 | 56 |
Who owns it