Materials · Metal, Glass & Plastic Containers · US stock · price as of 16 Oct 2026
Key indicators
Price
$63.20
52-week range
$44.21 – $67.62
Market cap
$16.9B
P/E (trailing)
18.0×
EV / EBITDA
11.1×
Free-cash-flow yield
4.9%
Dividend yield
1.3%
Revenue (last 12 months)
$14.3B
Revenue growth (3y a year)
−0.5%
Operating margin
10.4%
Return on invested capital
9.4%
Net debt / EBITDA
3.1×
Fair value
Blended fair value$77.64 range $72 – $84
Versus priceFair+23% to fair value
Peer multiples
$78.28
Fundamentals-adjusted multiple
$104.30
10-year DCF (market-scaled)
$50.33
Earnings power value (floor, not blended)
$24.36
Model uncertainty
Medium
X-Ray Score
51/ 100 · Medium confidence · ahead of 43% of sector peers
Valuation68
Growth59
Profitability43
Financial health42
Dividends33
Five-year price chart navy: price · brown: 200-day average · blue band: fair value range
Executive summary
Ball makes aluminium beverage cans and related packaging for soft drink, beer and other beverage producers, with plants in the Americas, Europe and other regions. It also has an aerospace business that builds spacecraft and instruments, although it has been reshaping this part of the group. Revenue comes mainly from supplying cans under contracts with large customers, and aluminium prices and beverage demand influence results.
Trailing twelve-month revenue stands at $14.3 billion, while revenue fell by 0.5% a year over the past three years. Return on invested capital is 9%, alongside an operating margin of 10.4%. Net debt is 3.1 times EBITDA. The company pays a dividend, and the yield is 1.3%. The figures are a snapshot of reported results rather than a forecast.
StocksXray gives BALL Corp an X-Ray Score of 51 out of 100 (medium confidence), ahead of 43% of the S&P 500 stocks in its sector. Its strongest lens is valuation (68) and its weakest is dividends (33).
Our fair value blend is $77.64 (range $72.45 to $83.83). At $63.20 the stock trades 19% below that blend, so the label is "Fair" with medium model uncertainty. Fair value is a range, not a price target.
XStocksXray
BALL Corp (BALL)
Valuation history multiples at each fiscal year-end price; the last column uses today's price and the last twelve months
FY2021
FY2022
FY2023
FY2024
FY2025
Now
Price
$90.23
$48.52
$55.39
$53.75
$52.45
$63.20
Market cap
$29.9B
$15.5B
$17.6B
$16.6B
$14.5B
$16.9B
P/E
34.0×
21.6×
24.8×
4.1×
15.9×
18.0×
EV / revenue
2.7×
1.8×
2.1×
1.8×
1.5×
1.6×
EV / EBITDA
18.7×
13.3×
13.5×
14.8×
9.8×
11.1×
Price / free cash flow
880.0×
–
21.5×
–
18.4×
20.4×
Free-cash-flow yield
0.1%
−8.7%
4.7%
−2.2%
5.4%
4.9%
Price / book
8.2×
4.5×
4.7×
2.8×
2.7×
2.9×
Dividend yield
0.78%
1.65%
1.44%
1.49%
1.53%
1.27%
Fundamentals checklist ● 4 Good · ● 6 Average · ● 4 Bad · each check graded against the sector
Cash quality
Earnings backed by cash−2.4%Bad
Free-cash-flow yield4.9%Average
Risk models
Altman Z score3.1×Average
Piotroski F-Score7 of 9Good
Growth
EPS growth (3y)13.6%Good
Revenue growth (3y)−0.5%Average
Growth consistency60%Average
Balance sheet
Current ratio1.1×Bad
Net debt / EBITDA3.1×Bad
Interest cover4.6×Bad
Valuation
Fair value vs price1.2×Good
EBIT / EV yield6.3%Good
Profitability
Return on invested capital9.4%Average
Operating margin10.4%Average
XStocksXray
BALL Corp (BALL)
Financials US$ millions, from SEC filings; last column is the last twelve months
Income statement
FY21
FY22
FY23
FY24
FY25
LTM
Revenue
13,811
13,372
12,062
11,795
13,161
14,326
Gross profit
–
–
–
–
–
–
Operating income
1,291
1,214
1,273
828
1,442
1,487
Net income
878
732
711
4,014
915
949
Diluted EPS ($)
2.65
2.25
2.23
13.00
3.30
3.50
Free cash flow
34
-1,350
818
-369
788
827
Gross margin
–
–
–
–
–
–
Operating margin
9.3%
9.1%
10.6%
7.0%
11.0%
10.4%
Net margin
6.4%
5.5%
5.9%
34.0%
7.0%
6.6%
Balance sheet
FY21
FY22
FY23
FY24
FY25
LTM
Total assets
19,714
19,909
19,303
17,628
19,524
20,110
Cash
563
548
695
885
1,212
491
Total debt
7,737
8,948
8,360
5,503
6,993
7,177
Equity
3,627
3,461
3,769
5,862
5,421
5,746
Dividend per share ($)
0.70
0.80
0.80
0.80
0.80
0.80
Revenue and net income US$ billions: navy revenue, teal net income
Margins blue gross, teal operating, brown net
Latest quarters
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026
Jun 2026
Revenue ($M)
3,097
3,338
3,379
3,347
3,603
3,997
Growth vs a year earlier
+7.8%
+12.8%
+9.6%
+16.2%
+16.3%
+19.7%
Net income ($M)
179
215
321
200
205
223
Diluted EPS ($)
0.63
0.76
1.18
–
0.77
0.83
XStocksXray
BALL Corp (BALL)
Peers in Metal, Glass & Plastic Containers
Company
X-Ray
BALL · BALL Corp
51
Market Compass outlook for Materials: Neutral (50/100). It blends regime history, macro sensitivity, momentum and valuation.
Every number comes from SEC filings, end-of-day prices and the StocksXray models described on the methodology page. The X-Ray Score ranks each metric against the company's own sector. Fair value blends three models and carries a typical error of about 40%, so treat it as a range. Analyst ratings, price targets and earnings-call summaries are not part of this report. Educational research, not financial advice; read the disclaimer.