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ValueScreener company report

Greif, Inc. (GEF)

NYSE / Consumer Cyclical / Packaging & Containers

Share price

80.04 USD Market dataClose of Oct 15, 2026

Market capitalisation

3.70B USD Market dataClose of Oct 15, 2026
Market data
Oct 15, 2026
Filed accounts
FY2024, filed Dec 23, 2024
Ratios computed
Oct 15, 2026
Filed years
17, FY2008 to FY2025
Four kinds of sourceSEC filingCompany statementMarket dataComputedWhat each means
SEC filingFiled with the SEC
Read from a statement the company filed with the SEC, with the form, fiscal year, filing date and accession beside it.
Company statementCompany statement
What the company says about itself in a filing: an 8-K item, the auditor, its own segment names.
Market dataMarket data
Prices, market value and what analysts publish, with the date they are as of.
ComputedComputed by ValueScreener
Worked out by us from the other three, with the inputs and the formula one press away. A score is a research output, not a rating or a recommendation.
Reading

1 of 10

Overview

What the business is, what it costs, and how it reads on four questions.

Market dataSEC filingComputed

Four questions, at a glance

Quality

Return on invested capital, after tax

6.4% Computed

From the FY2024 filing

Read quality

Valuation

Price to earnings

13.76x Computed

FY2024 accounts, priced at the latest close

Read valuation

Cash generation

Free cash flow yield

4.6% Computed

FY2024 accounts, priced at the latest close

Read cash generation

Revenue and net income, as filed

FY2016 Revenue: 3.32B USDFY2016 Net income: 74.9M USDFY2017 Revenue: 3.64B USDFY2017 Net income: 118.6M USDFY2018 Revenue: 3.87B USDFY2018 Net income: 209.4M USDFY2019 Revenue: 4.59B USDFY2019 Net income: 171.0M USDFY2020 Revenue: 4.51B USDFY2020 Net income: 108.8M USDFY2021 Revenue: 5.56B USDFY2021 Net income: 390.7M USDFY2022 Revenue: 6.35B USDFY2022 Net income: 376.7M USDFY2023 Revenue: 4.18B USDFY2023 Net income: 359.2M USDFY2024 Revenue: 4.35B USDFY2024 Net income: 268.8M USDFY2025 Revenue: 3.93B USDFY2025 Net income: 840.0M USD
Revenue Net income10 filed fiscal years, from the annual reports; the table in Filings names each document.
Named tests met
2 of 30 Which tests
The business, and the score behind its five axes

The reading, in brief

Is it cheap

Price to earnings is 13.76x at the close of 2026-10-15 on FY2024 figures; the lines are 15.00x (Graham's defensive ceiling) and, by market convention, 10.00x, 25.00x and 40.00x, and this sits between 10.00x and 15.00x.

Today, against the Consumer Cyclical sector (302 companies), 13.76x sits at the 28th percentile; the middle half of that group runs from 12.87x to 31.26x.

Is it good

Return on invested capital was 6.4% in FY2024, in the band labelled "Likely below the cost of capital" (below 8.0%), on lines anchored on Damodaran's cost-of-capital data, suggesting returns below the usual cost of the capital employed.

Today, against the Consumer Cyclical sector (222 companies), 6.4% sits at the 38th percentile; the middle half of that group runs from 3.6% to 14.8%.

Is it safe

Net debt to EBITDA was 4.68x in FY2024, in the band labelled "High, covenant territory" (4.00x and above), on lines set by credit-analyst convention, suggesting debt in the range lenders write covenants around.

The direction
Which way Greif, Inc.'s return on equity has moved, and how steadily. (FY2016 to FY2024, 9 filed years of Greif, Inc.)
What could explain it
What in Greif, Inc.'s filed statements could explain the movements. (3 readings drawn from the statement lines Greif, Inc. filed)
What to check next
What to check next on Greif, Inc., and where in its filings. (4 questions for Greif, Inc.)
In one paragraph
One paragraph on Greif, Inc.'s returns, cash, balance sheet and price. (14 of sixteen figures read for Greif, Inc.)

These are GEF’s filed figures. The research desk says what they mean, against peers and its own years, with what to check next.

Research GEFPart of Serious. New accounts start with 30 days of Professional, free, no card.

2 of 10

What changed

The newest filing, what it moved, and when the next one is due.

SEC filingCompany statement

The newest accounts on file are the FY2025 annual report: 10-KT, filed Nov 19, 2025, accession 0001628280-25-053146.

3 of 10

Quality

The returns the business earns on its capital, and the margins behind them.

SEC filingComputed

Greif, Inc: returns on capital and margins, each with its source
FigureValue, source and document
Return on invested capital, after tax6.4% ComputedFY2024 10-K, filed Dec 23, 2024, 0000043920-24-000056
Return on equity12.9% ComputedFY2024 10-K, filed Dec 23, 2024, 0000043920-24-000056
Return on capital employed, pre-tax6.0% ComputedFY2024 10-K, filed Dec 23, 2024, 0000043920-24-000056
Return on assets4.0% ComputedFY2024 10-K, filed Dec 23, 2024, 0000043920-24-000056
Gross margin20.6% ComputedFY2024 10-K, filed Dec 23, 2024, 0000043920-24-000056
Operating margin7.8% ComputedFY2024 10-K, filed Dec 23, 2024, 0000043920-24-000056
Net margin6.2% ComputedFY2024 10-K, filed Dec 23, 2024, 0000043920-24-000056
GEF 6.2%
REYN 8.1%GPK 5.2%SLGN 4.5%AMBP 0.2%SON 13.3%
0.2%13.3%
Net margin: GEF against the 5 companies named under Valuation context, each as filed for its own latest year. Placement only: no average is drawn.

4 of 10

Financial strength

What it owes against what it owns, and whether it can meet what falls due.

SEC filingComputedCompany statement

Greif, Inc: leverage, liquidity and distress, each with its source
FigureValue, source and document
Debt to equity1.44 ComputedFY2024 10-K, filed Dec 23, 2024, 0000043920-24-000056
Current ratio1.53 ComputedFY2024 10-K, filed Dec 23, 2024, 0000043920-24-000056
Quick ratio1.53 ComputedFY2024 10-K, filed Dec 23, 2024, 0000043920-24-000056
Interest coverage
Why n/a

No interest expense is filed for this year, so coverage is not computed.

n/a ComputedFY2024 10-K, filed Dec 23, 2024, 0000043920-24-000056
Altman Z-score1.93 ComputedClose of Oct 15, 2026 · FY2024 10-K, filed Dec 23, 2024, 0000043920-24-000056
Net debt2.80B ComputedFY2024 10-K, filed Dec 23, 2024, 0000043920-24-000056
Total assets 6.65BTotal liabilities 4.53BShareholders' equity 2.08BOwnsOwes, and equity
Total assets Total liabilities Shareholders’ equity
The balance sheet, line by line

Financial health

What Greif, Inc owned and owed at the end of fiscal 2024, from the balance sheet it filed (10-K, filed Dec 23, 2024, 0000043920-24-000056).

Greif, Inc: balance sheet position
Total assets6.65B FiledFY2024 10-K, filed Dec 23, 2024
Total liabilities4.53B FiledFY2024 10-K, filed Dec 23, 2024
Shareholders' equity2.08B FiledFY2024 10-K, filed Dec 23, 2024
Cash197.7M FiledFY2024 10-K, filed Dec 23, 2024
Total debt3.00B FiledFY2024 10-K, filed Dec 23, 2024
Net debt2.80B
Current ratio1.53
Debt to equity1.44
  • Interest cover: FY2024: No interest expense is filed for this year, so coverage is not computed.

Read from the filed balance sheet for each year, with the income statement of the same year supplying operating profit where a ratio needs it. Nothing here is a view on whether this company is sound.

5 of 10

Valuation context

What the market charges for it, against its own record and companies like it.

Market dataSEC filingComputed

Greif, Inc: what the market charges, each with its source
FigureValue, source and document
Price to earnings13.76x ComputedClose of Oct 15, 2026 · FY2024 10-K, filed Dec 23, 2024, 0000043920-24-000056
P/E on trailing twelve months
Why n/a

A trailing figure needs 4 filed quarters with the dates they were filed on, and we hold 0 for this company. Nothing is drawn rather than a line built from fewer.

n/a ComputedClose of Oct 15, 2026 · Trailing four quarters, each as known on the day; the quarterly filings are listed under Filings
Price to book1.78x ComputedClose of Oct 15, 2026 · FY2024 10-K, filed Dec 23, 2024, 0000043920-24-000056
Price to sales0.85x ComputedClose of Oct 15, 2026 · FY2024 10-K, filed Dec 23, 2024, 0000043920-24-000056
Enterprise value to EBIT19.24x ComputedClose of Oct 15, 2026 · FY2024 10-K, filed Dec 23, 2024, 0000043920-24-000056
Enterprise value to EBITDA10.85x ComputedClose of Oct 15, 2026 · FY2024 10-K, filed Dec 23, 2024, 0000043920-24-000056
Price to earnings over growth
Why n/a

We do not hold this figure for this company, so there is nothing to show.

n/a ComputedClose of Oct 15, 2026 · FY2024 10-K, filed Dec 23, 2024, 0000043920-24-000056
Diluted earnings per share
Why n/a

The FY2024 filing carries no diluted earnings per share we could read.

n/a FiledFY2024 10-K, filed Dec 23, 2024, 0000043920-24-000056
Graham number
Why n/a

We do not hold this figure for this company, so there is nothing to show.

n/a ComputedFY2024 10-K, filed Dec 23, 2024, 0000043920-24-000056

We publish no fair value or price target of our own. Value GEF on your own assumptions in the DCF workbench, starting from the filed figures.

Its own record, and companies like it

Valuation

What the market charges for Greif, Inc today, and the multiples it has carried. No value of ours: the figures are the filings’ and the market’s.

Greif, Inc: valuation
Share price80.04 USD
Market capitalisation3.70B USD
Enterprise value to EBITDA10.85x
Graham numbern/a
Diluted earnings per sharen/a

Price to earnings on trailing twelve months: A trailing figure needs 4 filed quarters with the dates they were filed on, and we hold 0 for this company. Nothing is drawn rather than a line built from fewer.

Companies like Greif, Inc

  1. Reynolds Consumer Products Inc. (REYN)Market cap 4.78B USD
  2. Graphic Packaging Holding Company (GPK)Market cap 2.58B USD
  3. Silgan Holdings Inc. (SLGN)Market cap 3.96B USD
  4. Ardagh Metal Packaging S.A. (AMBP)Market cap 2.79B USD
  5. Sonoco Products Company (SON)Market cap 4.91B USD

Same industry (Packaging & Containers) and size band (Mid, 2B to 10B), nearest in market value, net margin and current ratio. Each of those counts equally, by how many of the companies considered sit between the two on it. Closest first: the order is likeness and nothing else.

6 of 10

Cash generation

Whether profit arrives as cash, and what is paid back to shareholders.

SEC filingComputed

Greif, Inc: cash generation and what is paid out, each with its source
FigureValue, source and document
Free cash flow yield4.6% ComputedClose of Oct 15, 2026 · FY2024 10-K, filed Dec 23, 2024, 0000043920-24-000056
Free cash flow169.5M USD ComputedFY2024 10-K, filed Dec 23, 2024, 0000043920-24-000056
Free cash flow margin3.9% ComputedFY2024 10-K, filed Dec 23, 2024, 0000043920-24-000056
Dividend yield3.0% ComputedClose of Oct 15, 2026 · FY2024 10-K, filed Dec 23, 2024, 0000043920-24-000056
Payout ratio45.0% ComputedFY2024 10-K, filed Dec 23, 2024, 0000043920-24-000056
FY2016 Free cash flow: 200.9M USDFY2016 Net income: 74.9M USDFY2017 Free cash flow: 208.2M USDFY2017 Net income: 118.6M USDFY2018 Free cash flow: 112.8M USDFY2018 Net income: 209.4M USDFY2019 Free cash flow: 232.7M USDFY2019 Net income: 171.0M USDFY2020 Free cash flow: 323.3M USDFY2020 Net income: 108.8M USDFY2021 Free cash flow: 255.3M USDFY2021 Net income: 390.7M USDFY2022 Free cash flow: 481.2M USDFY2022 Net income: 376.7M USDFY2023 Free cash flow: 435.9M USDFY2023 Net income: 359.2M USDFY2024 Free cash flow: 169.5M USDFY2024 Net income: 268.8M USDFY2025 Free cash flow: -85.2M USDFY2025 Net income: 840.0M USD
Free cash flow Net incomeProfit that arrives as cash stands level with net income; a gap year after year is worth reading about.

7 of 10

Filings

Every figure, the year it is for and the document it was read from.

SEC filing

The filed figures

Computed from the accounts this company filed with the SEC and, in a ratio with a price in it, the last close, dated on this page. Every filed figure below carries the fiscal year and the filing date its accounts were read from, and every blank carries the reason it is blank. Nothing here is a view on this company.

Greif, Inc.: the eight ratios, with the fiscal year and filing date behind each.
FigureValueYearAs of
13.76xFY2024Oct 15, 2026
1.78xFY2024Oct 15, 2026
19.24xFY2024Oct 15, 2026
4.6%FY2024Oct 15, 2026
6.4%FY2024Dec 23, 2024
3.0%FY2024Oct 15, 2026
1.44FY2024Dec 23, 2024
1.53FY2024Dec 23, 2024
0.85xFY2024Oct 15, 2026
n/aFY2024Oct 15, 2026
n/a The filed income statement reports no earnings per share.
1.93FY2024Oct 15, 2026
-2.61FY2024Dec 23, 2024
4/9FY2024Dec 23, 2024

The figures are computed from the accounts for fiscal 2024, the newest full year on file. 17 filed fiscal years on record, FY2008 to FY2025, from SEC EDGAR. Prices as of Oct 15, 2026. Ratios recomputed Oct 15, 2026. Two facts, because a recompute is not a fresh quote.

The year and the filing date name the statement each figure’s accounts are read from, and they stand even where the figure itself could not be computed: the line beneath a blank says what that statement did not carry. A figure’s name opens its formula and the filings behind it; a statement that names no SEC filing has no filing date, and reads n/a.

Ten years of filed figures, year by year

Ten years of filed figures

10 filed fiscal years, FY2016 to FY2025, read from the annual reports Greif, Inc filed with the SEC. Each year names its filing. Amounts in USD, as filed.

Greif, Inc: revenue, earnings, free cash flow and returns, by fiscal year, with the filing each year was read from
YearRevenueOperating incomeNet incomeEPS, dilutedFree cash flowOperating marginReturn on equityFiling
FY20253.93B167.6M840.0Mn/a-85.2Mn/an/a10-KT, Nov 19, 20250001628280-25-053146
FY20244.35B337.8M268.8Mn/a169.5M7.8%12.9%10-K, Dec 23, 20240000043920-24-000056
FY20234.18B426.8M359.2Mn/a435.9M10.2%18.4%10-K, Dec 18, 20230000043920-23-000068
FY20226.35B621.2M376.7Mn/a481.2M9.8%21.4%10-K, Dec 16, 20220000043920-22-000087
FY20215.56B585.2M390.7Mn/a255.3M10.5%25.8%10-K, Dec 16, 20210000043920-21-000076
FY20204.51B304.9M108.8Mn/a323.3M6.8%9.4%10-K, Dec 17, 20200000043920-20-000074
FY20194.59B399.1M171.0Mn/a232.7M8.7%15.1%10-K, Dec 18, 20190000043920-19-000063
FY20183.87B370.5M209.4Mn/a112.8M9.6%18.9%10-K, Dec 20, 20180000043920-18-000034
FY20173.64B299.5M118.6Mn/a208.2M8.2%11.7%10-K, Dec 20, 20170000043920-17-000051
FY20163.32B225.6M74.9Mn/a200.9M6.8%7.9%10-K, Dec 21, 20160000043920-16-000025
  • Revenue, compound annual growth FY2016 to FY2025: 1.9%
  • Earnings, compound annual growth FY2016 to FY2025: 30.8%
  • Earnings per share: Fewer than two filed years carry earnings per share.
  • Free cash flow: Free cash flow was not positive in both 2016 and 2025, so a compound rate across the window is not defined. Both figures are in the table.

Every figure in this section is a line of a filed annual statement or a ratio of two of them. Nothing here is estimated or smoothed. Earnings per share filed before a share split are put on today's share count, and say so. Nothing here is a verdict on the company.

8 of 10

Risks and guardrails

The accounting screens, the published tests, and the lines you can set to be told.

ComputedCompany statement

Greif, Inc: accounting screens and published tests, each with its source
FigureValue, source and document
Beneish M-score-2.61 ComputedFY2024 10-K, filed Dec 23, 2024, 0000043920-24-000056
Piotroski F-score4/9 ComputedFY2024 10-K, filed Dec 23, 2024, 0000043920-24-000056
Named tests met2 of 30 Computed
Beta0.78 ComputedClose of Oct 15, 2026

The named tests

Of 30 tests value investors published: 2 met, 26 not met, 2 we could not complete. Counts, never a score: a single figure would have to decide that meeting one investor’s criteria and meeting another’s are worth the same.

Which tests, by name(all 30)
Meets
Owner earnings yield; Cash-covered dividend
Does not
Defensive investor (Benjamin Graham); Deep value; Large cap, low P/E; Earnings yield and ROIC (Joel Greenblatt); High F-score, low P/B (Joseph Piotroski); Three forensic scores; Low PEG, low debt (Peter Lynch); High returns and growth; Gross margin, turnover (Robert Novy-Marx); EV/EBITDA and coverage; High yield, low payout; Low beta, profitable; ROIC at or above WACC; Near the 52-week low; Z-score and coverage (Edward Altman); Two thirds of NCAV (Benjamin Graham); High returns, low debt; High return on tangibles; Low P/S, rising earnings (James O'Shaughnessy); Book or below, low debt (Walter Schloss); Tangible book or below; Cash-flow yield and ROIC; Clean books, high ROIC; Cheapest quarter on P/E (David Dreman); Cheapest quarter on P/B (David Dreman); Low P/E, growth, yield (John Neff)
Not measured
Dividends and buybacks; P/E times P/B (Benjamin Graham). A test with a figure we could not read is incomplete, never met and never failed.
Figures we could not read(7)
  • Positive Earnings Streak: The latest filed year has no per-share earnings we can read; the test needs 10.
  • PEG Ratio: We do not hold this figure for this company, so there is nothing to show.
  • Eps Growth 5Y: We do not hold this figure for this company, so there is nothing to show.
  • Interest Coverage: No interest expense is filed for this year, so coverage is not computed.
  • Share Count Change Yoy: We do not hold this figure for this company, so there is nothing to show.
  • Price To Graham: We do not hold this figure for this company, so there is nothing to show.
  • Price Tangible Book: We do not hold this figure for this company, so there is nothing to show.

9 of 10

Declared positions

Whether anybody here owns this company.

Positions declared by the founder: no holding in any company shown here, as of October 3, 2026.

10 of 10

Next step

What to do with what you have read.

A thesis is your reason for owning it, in your words, with the figures that must stay true. Checking those figures every night against the newest filed accounts, and telling you once when one breaks, is what the subscription adds.

More on this company

What this cannot tell you

  • 7 figures could not be read on this company, among them Positive Earnings Streak, PEG Ratio, Eps Growth 5Y. Each blank in the table above names the rest, with its reason. 2 named tests come back incomplete because of them, which is neither met nor missed.

And the one that is true of all of it: This is what the numbers say today. It cannot tell you the day one of them stops being true. Nothing here can, because the reasons are not written down.

Running this once is arithmetic on public documents and you are welcome to it. Writing down why you own each company, in your own words and with the numbers that have to stay true for it to hold, and then having those numbers re-checked every night against the newest filed accounts, and against the latest close where a rule watches a price, is Professional, the plan a new account starts on for 30 days, one trial per person. It writes to you the day one breaks, and stays quiet when nothing does. The check runs every night at 23:30 UTC. A filing is picked up the night after it is published.

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ValueScreener · valuescreener.ai · Computed from accounts filed with the SEC by this company, read from EDGAR, and from dated closing prices. On this page a filed figure opens into its formula, its inputs and the statement, fiscal year and filing date it was read from, and a price into the day of its close. A figure that cannot show that trail says so.

A computation on accounts filed with the SEC, not a recommendation and not advice. Past filings do not indicate future results. Risk disclaimer.

Margin Notes

Once a week, what changed in the filings of US-listed companies, why it can matter to a thesis, and what deserves a closer review. Grounded in filings, not market noise.

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