Patrick Industries, Inc.

Valuation Analysis

About the Company

Patrick Industries, Inc. manufactures and distributes component and materials for recreational vehicle, marine, powersports, manufactured housing, and industrial markets in the United States, Mexico, China, and Canada. The company operates through Manufacturing and Distribution segments. Its Manufacturing segment manufactures and sells laminated for furniture, shelving, wall, countertop, and cabinet products; cabinet doors, fiberglass bath fixtures, and tile systems; vinyl printing, amplifiers, tower speakers, soundbars, and subwoofers; solid surface, granite, and quartz countertop fabrication; aluminum products; fiberglass and plastic components; decorative vinyl and paper laminated panels; softwoods lumber; custom cabinetry; polymer-based and other flooring products; and dash panels. Thi

Patrick Industries, Inc. Stock at a Glance

Patrick Industries, Inc. (PATK) is currently trading at $86.70 with a market capitalization of $2.9B. The trailing P/E ratio stands at 22.29x, with a forward P/E of 14.57x. The 52-week range spans from $82.35 to $148.50; the current price is 41.6% below the yearly high. Year-over-year revenue growth stands at -0.6%. The net profit margin stands at 3.45%.

💰 Dividend

Patrick Industries, Inc. pays an annual dividend of $1.88 per share, representing a yield of 2.17%. The payout ratio stands at 44.73%.

📊 Analyst Rating

10 analysts rate Patrick Industries, Inc. (PATK) on consensus: Buy. The average price target is $119.50, implying +37.83% from the current price. Analyst price targets range from $90.00 to $140.00.

Patrick Industries, Inc.: The Investment Case in Detail

Patrick Industries, Inc. (PATK) operates in the Consumer Cyclical — specifically Recreational Vehicles — and is headquartered in United States. Below is a structured read of the investment case built directly from the latest fundamentals, valuation multiples, analyst positioning and smart-money flows. Each section translates raw numbers into the investment logic they imply, so you can decide whether the risk/reward fits your portfolio.

The Bull Case

Wall Street consensus sits at Buy with an average price target implying roughly 37.83% upside from current levels — analyst sentiment is firmly constructive.

The Bear Case

Revenue is contracting at -0.6% year-over-year — until that trend reverses, valuation is exposed to further downgrades. With a net margin of just 3.45%, the business has little room to absorb cost shocks or pricing pressure — a single bad quarter can swing the company to a loss.

Valuation in Context

At a PEG of 3.46, investors are paying more than three times the growth rate for each unit of earnings — that pricing assumes growth not only continues but accelerates from here. The EV/EBITDA multiple of 9.92x is below the historical equity-market average — strategic acquirers would find the cash-flow profile attractive at this level.

What to Watch Next

• The forward P/E of 14.57x is meaningfully below the trailing 22.29x — analysts expect earnings to step up; the next earnings release is the test.
• The price sits in the lower quartile of the 52-week range — value hunters often start scaling in around this zone if fundamentals hold.
• The analyst consensus price target implies 37.83% upside — if the next two quarters confirm the underlying thesis, target hikes typically follow.

Investment Thesis: Strengths & Weaknesses

Technical Snapshot

Price is below both the 50- and 200-day moving averages, with 50d below 200d — a bearish picture (death-cross alignment).

Risk Profile

The data points to market-like volatility, elevated short interest (9.5%), higher leverage relative to equity.

Trading Data

💵 Dividend Info

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