American Eagle Outfitters, Inc. (AEO) Financial Ratios
30 years of historical data (1996–2025) · Consumer Cyclical · Apparel - Retail
EV/EBITDA
↑
8.08
-3% vs avg
5yr avg: 8.37
30Y Low1.4·High27.6
P/FCF
↓
N/A
—
5yr avg: 27.70
30Y Low7.0·High66.3
P/B Ratio
↓
1.76
↓-26% vs avg
5yr avg: 2.37
30Y Low0.8·High10.1
ROE
↓
11.1%
↑-32% vs avg
5yr avg: 16.4%
30Y Low-18%·High53%
Debt/EBITDA
↑
3.21
↑+28% vs avg
5yr avg: 2.50
30Y Low0.0·High10.5
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
AEO Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
American Eagle Outfitters, Inc. trades at 15.5x earnings, 14% below its 5-year average of 18.1x, sitting at the 41st percentile of its historical range. Compared to the Consumer Cyclical sector median P/E of 19.6x, the stock trades at a discount of 21%.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $2.9B | $4.1B | $3.2B | $4.1B | $3.2B | $4.6B | $3.8B | $2.5B | $3.7B | $3.2B | $2.7B |
| Enterprise Value | $4.4B | $5.6B | $4.3B | $4.9B | $4.4B | $6.0B | $4.7B | $3.7B | $3.4B | $2.7B | $2.3B |
| P/E Ratio → | 15.51 | 21.39 | 9.61 | 24.15 | 24.47 | 11.03 | — | 12.86 | 14.24 | 15.54 | 12.65 |
| P/S Ratio | 0.52 | 0.75 | 0.59 | 0.78 | 0.64 | 0.92 | 1.00 | 0.57 | 0.92 | 0.83 | 0.75 |
| P/B Ratio | 1.76 | 2.43 | 1.79 | 2.35 | 2.01 | 3.25 | 3.48 | 1.97 | 2.89 | 2.54 | 2.24 |
| P/FCF | — | — | 12.47 | 10.06 | 22.02 | 66.26 | 50.68 | 12.00 | 13.92 | 14.06 | 13.31 |
| P/OCF | — | — | 6.65 | 7.04 | 7.91 | 15.23 | 18.65 | 5.92 | 8.16 | 8.02 | 7.38 |
P/E links to full P/E history page with 30-year chart
AEO EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
American Eagle Outfitters, Inc.'s enterprise value stands at 8.1x EBITDA, roughly in line with its 5-year average of 8.4x. The Consumer Cyclical sector median is 11.4x, placing the stock at a 29% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.02 | 0.81 | 0.94 | 0.88 | 1.20 | 1.26 | 0.86 | 0.84 | 0.72 | 0.64 |
| EV / EBITDA | 8.08 | 10.37 | 6.47 | 8.15 | 9.07 | 7.78 | 27.55 | 7.46 | 6.69 | 5.58 | 4.55 |
| EV / EBIT | 13.30 | 17.08 | 9.71 | 20.41 | 22.95 | 10.12 | — | 15.08 | 9.83 | 9.58 | 6.91 |
| EV / FCF | — | — | 16.94 | 12.11 | 30.23 | 85.90 | 63.46 | 18.04 | 12.68 | 12.22 | 11.44 |
AEO Profitability
Margins and return-on-capital ratios measuring operating efficiency
American Eagle Outfitters, Inc. earns an operating margin of 6.0%, above the Consumer Cyclical sector average of 2.9%. Operating margins have compressed from 7.0% to 6.0% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 11.1% is modest. ROIC of 8.1% represents adequate returns on invested capital versus a sector median of 5.8%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 33.0% | 33.0% | 35.3% | 34.4% | 30.9% | 36.5% | 26.2% | 31.2% | 32.7% | 31.7% | 33.5% |
| Operating Margin | 6.0% | 6.0% | 8.4% | 7.0% | 5.5% | 12.1% | 0.2% | 7.3% | 8.4% | 8.6% | 9.8% |
| Net Profit Margin | 3.5% | 3.5% | 6.2% | 3.2% | 2.5% | 8.4% | -5.6% | 4.4% | 6.5% | 5.4% | 5.9% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 11.1% | 11.1% | 18.8% | 10.2% | 8.3% | 33.4% | -17.9% | 15.1% | 20.7% | 16.7% | 18.8% |
| ROA | 4.9% | 4.9% | 8.9% | 4.9% | 3.5% | 11.6% | -6.2% | 7.3% | 14.1% | 11.3% | 12.5% |
| ROIC | 8.1% | 8.1% | 12.3% | 10.3% | 7.3% | 18.8% | 0.3% | 13.7% | 28.4% | 29.4% | 32.7% |
| ROCE | 10.7% | 10.7% | 16.0% | 13.8% | 9.8% | 22.0% | 0.3% | 15.9% | 25.2% | 24.8% | 28.9% |
AEO Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
American Eagle Outfitters, Inc. carries a Debt/EBITDA ratio of 3.2x, which is moderately leveraged (26% below the sector average of 4.3x). Net debt stands at $1.5B ($1.7B total debt minus $239M cash). Interest coverage of 79.7x signals virtually no risk of debt distress — earnings comfortably cover interest obligations.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.02 | 1.02 | 0.82 | 0.68 | 0.86 | 1.27 | 1.66 | 1.28 | — | — | — |
| Debt / EBITDA | 3.21 | 3.21 | 2.17 | 1.96 | 2.81 | 2.34 | 10.50 | 3.23 | — | — | — |
| Net Debt / Equity | — | 0.88 | 0.64 | 0.48 | 0.75 | 0.96 | 0.88 | 0.99 | -0.26 | -0.33 | -0.31 |
| Net Debt / EBITDA | 2.77 | 2.77 | 1.71 | 1.38 | 2.46 | 1.78 | 5.55 | 2.50 | -0.66 | -0.84 | -0.74 |
| Debt / FCF | — | — | 4.47 | 2.05 | 8.20 | 19.65 | 12.78 | 6.04 | -1.25 | -1.84 | -1.87 |
| Interest Coverage | 79.72 | 79.72 | 374.97 | — | 3.46 | 17.54 | 0.34 | — | — | — | — |
AEO Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.52x means American Eagle Outfitters, Inc. can comfortably meet its short-term obligations, though there is limited excess liquidity. The quick ratio of 0.71x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory. The current ratio has declined from 1.61x to 1.52x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.52 | 1.52 | 1.53 | 1.61 | 1.43 | 1.66 | 1.77 | 1.39 | 1.93 | 2.00 | 1.83 |
| Quick Ratio | 0.71 | 0.71 | 0.81 | 0.89 | 0.67 | 1.00 | 1.30 | 0.80 | 1.15 | 1.18 | 1.10 |
| Cash Ratio | 0.28 | 0.28 | 0.41 | 0.51 | 0.22 | 0.52 | 0.99 | 0.55 | 0.78 | 0.85 | 0.77 |
| Asset Turnover | — | 1.36 | 1.39 | 1.48 | 1.46 | 1.32 | 1.09 | 1.29 | 2.12 | 2.09 | 2.02 |
| Inventory Turnover | 5.25 | 5.25 | 5.41 | 5.38 | 5.89 | 5.75 | 6.84 | 6.64 | 6.40 | 6.51 | 6.69 |
| Days Sales Outstanding | — | 17.17 | 17.97 | 17.20 | 17.73 | 20.88 | 14.19 | 10.09 | 8.45 | 7.53 | 8.76 |
AEO Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
American Eagle Outfitters, Inc. does not currently pay a dividend and has no material buyback yield, reinvesting earnings back into the business. The earnings yield of 6.4% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | 3.0% | 2.1% | 2.0% | 2.5% | 0.6% | 3.8% | 2.6% | 2.8% | 3.4% |
| Payout Ratio | — | — | 29.3% | 49.3% | 51.8% | 27.2% | — | 48.5% | 37.1% | 43.4% | 42.7% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 6.4% | 4.7% | 10.4% | 4.1% | 4.1% | 9.1% | — | 7.8% | 7.0% | 6.4% | 7.9% |
| FCF Yield | — | — | 8.0% | 9.9% | 4.5% | 1.5% | 2.0% | 8.3% | 7.2% | 7.1% | 7.5% |
| Buyback Yield | 0.0% | 0.0% | 6.5% | 0.8% | 6.5% | 0.5% | 0.7% | 4.9% | 4.4% | 3.2% | 0.3% |
| Total Shareholder Yield | 0.0% | 0.0% | 9.5% | 2.8% | 8.5% | 3.0% | 1.3% | 8.7% | 7.0% | 6.0% | 3.6% |
| Shares Outstanding | — | $176M | $196M | $197M | $205M | $207M | $166M | $171M | $178M | $180M | $184M |
Peer Comparison
Compare AEO with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 AEOYou | $3B | 15.5 | 8.1 | — | 33.0% | 6.0% | 11.1% | 8.1% | 3.2 |
 ANF | $4B | 7.6 | 4.7 | 9.6 | 58.5% | 13.3% | 36.6% | 31.4% | 1.4 |
 URBN | $6B | 14.2 | 9.9 | 14.4 | 36.0% | 9.8% | 17.6% | 13.1% | 1.7 |
 CRI | $1B | 14.4 | 10.5 | 20.0 | 45.4% | 5.0% | 10.3% | 6.7% | 6.1 |
 PVH | $4B | 8.7 | 6.8 | 7.2 | 59.4% | 8.5% | 11.7% | 7.0% | 3.3 |
 HBI | $2B | -7.1 | 16.6 | 10.1 | 38.8% | 5.3% | -141.4% | 4.5% | 9.2 |
 RL | $50B | 32.1 | 44.4 | 49.5 | 68.6% | 13.2% | 29.5% | 20.6% | 2.3 |
 VFC | $8B | -39.6 | 22.3 | 22.4 | 53.5% | 3.2% | -8.6% | 2.7% | 9.5 |
 LEVI | $9B | 15.9 | 11.9 | 27.7 | 61.7% | 10.8% | 27.2% | 13.9% | 2.6 |
 COLM | $3B | 19.6 | 14.4 | 15.3 | 50.2% | 6.0% | 10.2% | 8.0% | 3.3 |
 TJX | $173B | 31.9 | 22.4 | 35.5 | 31.0% | 11.9% | 59.1% | 25.5% | 2.7 |
| Consumer Cyclical Median | — | 19.6 | 11.4 | 14.9 | 37.1% | 2.9% | 5.6% | 5.8% | 4.3 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Start ComparisonAEO — Frequently Asked Questions
Quick answers to the most common questions about buying AEO stock.
What is American Eagle Outfitters, Inc.'s P/E ratio?
American Eagle Outfitters, Inc.'s current P/E ratio is 15.5x. The historical average is 17.4x. This places it at the 41th percentile of its historical range.
What is American Eagle Outfitters, Inc.'s EV/EBITDA?
American Eagle Outfitters, Inc.'s current EV/EBITDA is 8.1x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 7.8x.
What is American Eagle Outfitters, Inc.'s ROE?
American Eagle Outfitters, Inc.'s return on equity (ROE) is 11.1%. The historical average is 18.6%.
Is AEO stock overvalued?
Based on historical data, American Eagle Outfitters, Inc. is trading at a P/E of 15.5x. This is at the 41th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What are American Eagle Outfitters, Inc.'s profit margins?
American Eagle Outfitters, Inc. has 33.0% gross margin and 6.0% operating margin.
How much debt does American Eagle Outfitters, Inc. have?
American Eagle Outfitters, Inc.'s Debt/EBITDA ratio is 3.2x, indicating high leverage. A ratio between 2-4x is manageable but warrants monitoring.