Thales S.A.
PosiFunda Ratios Only on PositoAI
PositoAI's own ratios from Thales S.A.'s yearly results (2022–2025), compared with Industrials companies in France. Tap ? on any ratio for what it means.
What stands out
- Tangible Assets Ratio: Of every €100 the company owns, €73 is in tangible assets such as plants, cash, stock and receivables; the rest is goodwill and other intangibles. More tangible than 85% of Industrials companies in France.
- Debt Due Cover Ratio: Debt due within a year is covered 1.6 times by its yearly operating cash. Lower than 85% of Industrials companies in France.
- Cash Cushion Ratio: Debt, after subtracting cash, equals 4% of its market value (net debt). Higher than 85% of Industrials companies in France.
Where €100 of sales goes
Latest year (Dec 2025). Taxes and other income are not shown, so the parts need not add up to 100.
Cash quality
Profit Cash Ratio
€181Over the last 3 years, every €100 of reported profit came with €181 of operating cash.
Self-Funding Ratio
3.7×Over the last 3 years its own operating cash covered its investment spending (capex) 3.7 times.
Cash Locked Ratio
€13For every €100 of sales, €13 is tied up in day-to-day operations (money owed by customers + stock − money owed to suppliers), against €18 tied up three years earlier.
Growth quality
Steadiness Ratio
3/3 · 2/3Sales grew in 3 of the last 3 years; profit grew in 2 of 3.
Less steady than 60% of Industrials companies in France.
Growth Efficiency Ratio
€12Sales grew 26% in 3 years; of every extra €100 of sales, €12 became extra profit.
Asset Productivity Ratio
+26% / +14%In 3 years sales changed by +26% while total assets changed by +14%. Sales grew faster than assets.
Balance-sheet strength
Debt Due Cover Ratio
1.6×Debt due within a year is covered 1.6 times by its yearly operating cash.
Lower than 85% of Industrials companies in France.
Cash Cushion Ratio
−4%Debt, after subtracting cash, equals 4% of its market value (net debt).
Higher than 85% of Industrials companies in France.
Tangible Assets Ratio
73%Of every €100 the company owns, €73 is in tangible assets such as plants, cash, stock and receivables; the rest is goodwill and other intangibles.
More tangible than 85% of Industrials companies in France.
Tangible Net Worth Ratio
NegativeGoodwill and other intangibles are larger than its whole net worth, so its tangible net worth is negative.
More tangible than 65% of Industrials companies in France.
Shareholders
Standard fundamentals
P/E, P/B, ROE, debt, growth and more (14)
Thales S.A. owes €0.80 for every €1 it owns. Net profit rose 18% in the year to Dec 2025, and grew 14% a year on average over 3 years.
Compared with Industrials companies in France · latest annual results Dec 2025.
P/E ratio
31.2Investors pay €31.2 for every €1 of Thales S.A.'s yearly profit, higher than 85% of Industrials companies in France.
P/B ratio
5.82The share price is 5.82 times Thales S.A.'s book value per share, higher than 75% of Industrials companies in France.
Market cap
€46.6 BThe total market value of all of Thales S.A.'s shares at today's price (share price × number of shares), larger than 65% of Industrials companies in France. PosiCap size class: Tito Cap.
Net worth (book value)
€8.0 BWhat Thales S.A. would have left on paper if it sold everything it owns and paid everything it owes, from its latest balance sheet (30 Jun 2026).
Book value per share
€38.93Net worth divided by the number of shares. The share price of €226.70 is 5.8 times this, which is the P/B above.
Return on equity (ROE)
19.4%Thales S.A. earned 19.4% on its shareholders' money over the last year, higher than 75% of Industrials companies in France.
Owes vs Owns
0.80×Thales S.A. owes €0.80 for every €1 it owns (moderate), higher than 85% of Industrials companies in France.
Dividend yield
1.69%Thales S.A. pays 1.69% of its share price as dividends a year, lower than 85% of dividend-paying Industrials companies in France.
Revenue growth
+8%Revenue rose 8% in the year to Dec 2025, and grew 8% a year on average over 3 years.
Profit growth
+18%Net profit rose 18% in the year to Dec 2025, and grew 14% a year on average over 3 years.
Profit margin
7.6%Thales S.A. keeps €8 of every €100 of revenue as net profit.
Cash quality
2.0×Cash from Thales S.A.'s business was 2.0× its reported profit in the year to Dec 2025 — its profit turned into cash.
Interest cover
7.7×Thales S.A.'s operating profit covered its interest costs 7.7 times in the year to Dec 2025.
Cash vs debt
Net debtThales S.A. had €1.6 B more debt than cash (net debt) at Dec 2025.
Questions
What is Thales S.A.'s P/E ratio?
Investors pay €31.2 for every €1 of Thales S.A.'s yearly profit, higher than 85% of Industrials companies in France.
How is P/B calculated on PositoAI?
P/B is market cap divided by net worth from the latest balance sheet. For Thales S.A.: €46.6 B ÷ €8.0 B (30 Jun 2026) = 5.8.
What is Thales S.A.'s return on equity?
Thales S.A. earned 19.4% on its shareholders' money over the last year, higher than 75% of Industrials companies in France.
How much does Thales S.A. owe compared with what it owns?
Thales S.A. owes €0.80 for every €1 it owns (moderate), higher than 85% of Industrials companies in France.
Does Thales S.A. pay a dividend?
Yes. Thales S.A. pays 1.69% of its share price as dividends a year, lower than 85% of dividend-paying Industrials companies in France.
Is Thales S.A.'s revenue growing?
Revenue rose 8% in the year to Dec 2025, and grew 8% a year on average over 3 years.
Figures from the company's yearly results and PositoAI's own data. Full tables are on the Go Deep tab. What each figure means. PositoAI is for research and education only and is not investment advice.