Amer Sports, Inc. (AS) Financial Ratios
6 years of historical data (2020–2025) · Consumer Cyclical · Leisure
EV/EBITDA
↑
21.67
+4% vs avg
5yr avg: 20.90
30Y Low20.4·High21.4
P/FCF
↓
42.28
↓-29% vs avg
5yr avg: 59.21
30Y Low41.8·High76.7
P/B Ratio
↑
3.56
+11% vs avg
5yr avg: 3.21
30Y Low2.8·High3.6
ROE
↑
7.9%
↓+106% vs avg
5yr avg: -122.4%
30Y Low-378%·High8%
Debt/EBITDA
↓
2.27
↓-81% vs avg
5yr avg: 11.64
30Y Low2.0·High25.2
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
AS Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Amer Sports, Inc. trades at 48.5x earnings, 61% below its 5-year average of 124.4x, sitting at the 0th percentile of its historical range. Compared to the Consumer Cyclical sector median P/E of 21.2x, the stock trades at a premium of 129%. On a free-cash-flow basis, the stock trades at 42.3x P/FCF, 29% below the 5-year average of 59.2x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Market Cap | $21.3B | $21.0B | $14.0B | — | — | — | — |
| Enterprise Value | $23.1B | $22.8B | $15.2B | — | — | — | — |
| P/E Ratio → | 48.46 | 49.14 | 199.71 | — | — | — | — |
| P/S Ratio | 3.24 | 3.20 | 2.71 | — | — | — | — |
| P/B Ratio | 3.56 | 3.61 | 2.80 | — | — | — | — |
| P/FCF | 42.28 | 41.75 | 76.66 | — | — | — | — |
| P/OCF | 29.21 | 28.84 | 33.03 | — | — | — | — |
P/E links to full P/E history page with 30-year chart
AS EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Amer Sports, Inc.'s enterprise value stands at 21.7x EBITDA, roughly in line with its 5-year average of 20.9x. The Consumer Cyclical sector median is 12.2x, placing the stock at a 78% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 3.47 | 2.93 | — | — | — | — |
| EV / EBITDA | 21.67 | 21.42 | 20.37 | — | — | — | — |
| EV / EBIT | 33.93 | 31.56 | 39.91 | — | — | — | — |
| EV / FCF | — | 45.25 | 82.88 | — | — | — | — |
AS Profitability
Margins and return-on-capital ratios measuring operating efficiency
Amer Sports, Inc. earns an operating margin of 10.4%, above the Consumer Cyclical sector average of 2.0%. Operating margins have expanded from 6.9% to 10.4% over the past 3 years, signaling improving operational efficiency. ROE of 7.9% is modest. ROIC of 7.4% represents adequate returns on invested capital versus a sector median of 5.2%.
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 |
|---|---|---|---|---|---|---|---|
| Gross Margin | 57.6% | 57.6% | 55.4% | 52.5% | 50.0% | 49.1% | 47.0% |
| Operating Margin | 10.4% | 10.4% | 9.1% | 6.9% | 1.4% | 6.1% | 5.1% |
| Net Profit Margin | 6.5% | 6.5% | 1.4% | -4.7% | -7.1% | -4.1% | -9.7% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| ROE | 7.9% | 7.9% | 3.0% | — | — | -378.0% | — |
| ROA | 4.6% | 4.6% | 0.9% | -2.6% | -3.5% | -1.6% | -2.8% |
| ROIC | 7.4% | 7.4% | 5.8% | 3.9% | 0.7% | 2.3% | 1.5% |
| ROCE | 9.3% | 9.3% | 6.9% | 4.7% | 0.8% | 2.8% | 1.7% |
AS Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Amer Sports, Inc. carries a Debt/EBITDA ratio of 2.3x, which is manageable (52% below the sector average of 4.8x). Net debt stands at $1.8B ($2.4B total debt minus $652M cash). Interest coverage of 7.4x is adequate, though a cyclical earnings downturn could tighten the margin of safety.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.41 | 0.41 | 0.30 | — | — | 188.40 | — |
| Debt / EBITDA | 2.27 | 2.27 | 1.99 | 12.73 | 25.19 | 16.02 | 19.67 |
| Net Debt / Equity | — | 0.30 | 0.23 | — | — | 171.44 | — |
| Net Debt / EBITDA | 1.66 | 1.66 | 1.53 | 11.80 | 23.56 | 14.58 | 18.57 |
| Debt / FCF | — | 3.50 | 6.22 | 103.14 | — | 28.35 | 32.05 |
| Interest Coverage | 7.39 | 7.39 | 1.65 | 0.74 | 0.25 | 0.63 | 0.41 |
AS Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.50x means Amer Sports, Inc. can comfortably meet its short-term obligations, though there is limited excess liquidity. The quick ratio of 0.76x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Current Ratio | 1.50 | 1.50 | 1.54 | 1.49 | 1.70 | 2.00 | 1.86 |
| Quick Ratio | 0.76 | 0.76 | 0.76 | 0.80 | 1.03 | 1.46 | 1.37 |
| Cash Ratio | 0.30 | 0.30 | 0.22 | 0.31 | 0.31 | 0.60 | 0.34 |
| Asset Turnover | — | 0.65 | 0.62 | 0.53 | 0.48 | 0.44 | 0.28 |
| Inventory Turnover | 1.71 | 1.71 | 1.89 | 1.90 | 2.09 | 3.05 | 2.28 |
| Days Sales Outstanding | — | 46.12 | 52.58 | 59.47 | 77.46 | 74.95 | 89.96 |
AS Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Amer Sports, Inc. does not currently pay a dividend and has no material buyback yield, reinvesting earnings back into the business. The earnings yield of 2.1% (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 |
|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Earnings Yield | 2.1% | 2.0% | 0.5% | — | — | — | — |
| FCF Yield | 2.4% | 2.4% | 1.3% | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | — | — | — | — |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | — | — | — | — |
| Shares Outstanding | — | $563M | $502M | $489M | $489M | $489M | $489M |
Peer Comparison
Compare AS 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 |
|---|---|---|---|---|---|---|---|---|---|
 ASYou | $21B | 48.5 | 21.7 | 42.3 | 57.6% | 10.4% | 7.9% | 7.4% | 2.3 |
 NKE | $54B | 20.9 | 12.7 | 16.5 | 42.7% | 8.0% | 23.3% | 16.7% | 2.4 |
 UAA | $3B | -5.2 | 56.8 | — | 45.5% | -0.7% | -30.0% | -0.9% | 26.1 |
 COLM | $3B | 20.5 | 15.0 | 16.1 | 50.2% | 6.0% | 10.2% | 8.0% | 3.3 |
 VFC | $7B | 27.1 | 12.3 | 13.4 | 54.8% | 6.3% | 15.3% | 7.3% | 5.6 |
 RL | $25B | 27.3 | 22.2 | 33.8 | 69.9% | 14.5% | 34.7% | 24.7% | 2.5 |
 ONON | $13B | 54.1 | 20.8 | 41.3 | 62.8% | 12.5% | 12.9% | 26.9% | 1.2 |
 BIRK | $8B | 21.5 | 12.6 | 25.6 | 59.1% | 26.2% | 13.0% | 11.3% | 2.0 |
 DECK | $15B | 15.5 | 10.3 | 13.8 | 56.1% | 22.8% | 40.9% | 100.0% | 0.3 |
 LULU | $13B | 8.4 | 4.7 | 13.8 | 56.6% | 19.9% | 34.0% | 37.4% | 0.7 |
 HELE | $611M | -0.7 | — | 3.6 | 45.7% | 6.0% | -72.5% | 4.6% | — |
| Consumer Cyclical Median | — | 21.2 | 12.2 | 15.6 | 36.2% | 2.0% | 5.3% | 5.2% | 4.8 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 6 years · Updated daily
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AS — Frequently Asked Questions
Quick answers to the most common questions about buying AS stock.
What is Amer Sports, Inc.'s P/E ratio?
Amer Sports, Inc.'s current P/E ratio is 48.5x. The historical average is 124.4x.
What is Amer Sports, Inc.'s EV/EBITDA?
Amer Sports, Inc.'s current EV/EBITDA is 21.7x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 20.9x.
What is Amer Sports, Inc.'s ROE?
Amer Sports, Inc.'s return on equity (ROE) is 7.9%. The historical average is -122.4%.
Is AS stock overvalued?
Based on historical data, Amer Sports, Inc. is trading at a P/E of 48.5x. Compare with industry peers and growth rates for a complete picture.
What are Amer Sports, Inc.'s profit margins?
Amer Sports, Inc. has 57.6% gross margin and 10.4% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does Amer Sports, Inc. have?
Amer Sports, Inc.'s Debt/EBITDA ratio is 2.3x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.