Latest Ratios: P/E Ratio 24.0x · EV/EBITDA 9.7x · ROE 6.3%. (2018–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $897M | $822M | $840M | $666M | $1.2B | $1.3B | $931M | — | — |
| Enterprise Value | $1.0B | $958M | $999M | $876M | $1.3B | $1.5B | $985M | — | — |
| P/E Ratio → | 23.96 | 21.74 | 22.69 | — | — | 30.14 | 32.17 | — | — |
| P/S Ratio | 0.65 | 0.59 | 0.68 | 0.70 | 1.12 | 1.51 | 1.08 | — | — |
| P/B Ratio | 1.46 | 1.33 | 1.46 | 1.26 | 2.25 | 2.53 | 1.97 | — | — |
| P/FCF | 24.12 | 22.09 | 13.73 | — | — | — | 80.22 | — | — |
| P/OCF | 10.13 | 9.27 | 8.99 | 22.80 | 33.40 | 28.71 | 11.79 | — | — |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.69 | 0.81 | 0.92 | 1.28 | 1.66 | 1.14 | — | — |
| EV / EBITDA | 9.74 | 9.03 | 9.67 | 22.05 | — | 17.27 | 11.39 | — | — |
| EV / EBIT | 14.45 | 13.43 | 13.69 | 81.83 | — | 21.21 | 14.40 | — | — |
| EV / FCF | — | 25.75 | 16.33 | — | — | — | 84.93 | — | — |
Margins and return-on-capital ratios measuring operating efficiency
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 |
|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 11.6% | 11.6% | 12.4% | 8.7% | 8.6% | 14.0% | 14.4% | 17.5% | 6.3% |
| Operating Margin | 5.1% | 5.1% | 5.3% | 0.7% | -3.6% | 6.8% | 7.9% | 12.1% | 2.2% |
| Net Profit Margin | 2.7% | 2.7% | 3.0% | -0.3% | -3.3% | 5.0% | 3.3% | 8.1% | 8.4% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| ROE | 6.3% | 6.3% | 6.6% | -0.5% | -6.5% | 8.9% | 6.8% | 20.7% | 23.1% |
| ROA | 3.9% | 3.9% | 3.9% | -0.3% | -3.9% | 5.4% | 3.9% | 10.9% | 11.6% |
| ROIC | 7.2% | 7.2% | 6.7% | 0.7% | -4.1% | 7.7% | 10.0% | 16.1% | 2.9% |
| ROCE | 8.6% | 8.6% | 8.0% | 0.9% | -4.8% | 8.2% | 10.4% | 18.3% | 3.4% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.32 | 0.32 | 0.38 | 0.48 | 0.41 | 0.40 | 0.38 | 0.49 | 0.65 |
| Debt / EBITDA | 1.89 | 1.89 | 2.10 | 6.37 | — | 2.49 | 2.06 | 1.51 | 7.24 |
| Net Debt / Equity | — | 0.22 | 0.28 | 0.40 | 0.31 | 0.24 | 0.12 | 0.32 | 0.57 |
| Net Debt / EBITDA | 1.28 | 1.28 | 1.54 | 5.28 | — | 1.50 | 0.63 | 0.99 | 6.30 |
| Debt / FCF | — | 3.66 | 2.60 | — | — | — | 4.71 | 1.94 | 32.24 |
| Interest Coverage | 7.59 | 7.59 | 5.79 | 0.92 | -4.67 | 18.84 | 10.21 | 10.30 | 17.42 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.95 | 1.95 | 1.87 | 2.26 | 2.24 | 2.77 | 3.18 | 2.59 | 2.30 |
| Quick Ratio | 1.35 | 1.35 | 1.26 | 1.53 | 1.52 | 2.23 | 2.69 | 2.03 | 1.82 |
| Cash Ratio | 0.48 | 0.48 | 0.39 | 0.44 | 0.52 | 0.95 | 1.59 | 0.81 | 0.39 |
| Asset Turnover | — | 1.42 | 1.27 | 1.04 | 1.19 | 1.02 | 1.11 | 1.28 | 1.38 |
| Inventory Turnover | 15.27 | 15.27 | 11.87 | 12.30 | 13.08 | 15.92 | 19.11 | 16.23 | 24.94 |
| Days Sales Outstanding | — | 27.97 | 35.21 | 33.10 | 22.96 | 35.24 | 31.24 | 35.99 | 36.82 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
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 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | 1.4% | — | — |
| Payout Ratio | — | — | — | — | — | — | 45.1% | 7.8% | 6.2% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 4.2% | 4.6% | 4.4% | — | — | 3.3% | 3.1% | — | — |
| FCF Yield | 4.1% | 4.5% | 7.3% | — | — | — | 1.2% | — | — |
| Buyback Yield | 0.7% | 0.7% | 0.1% | 0.1% | 0.0% | 0.0% | 0.2% | — | — |
| Total Shareholder Yield | 0.7% | 0.7% | 0.1% | 0.1% | 0.0% | 0.0% | 1.6% | — | — |
| Shares Outstanding | — | $71M | $71M | $71M | $71M | $71M | $71M | $71M | $69M |
Includes 30+ ratios · 8 years · Updated daily
Live VCP patterns, Cup & Handle overlays, support/resistance, and AI trade plans.
High-probability breakout stocks crossing their pivot across 5 pattern engines.
DCF models, multiple analysis, and analyst estimates.
10-year return with dividends reinvested.
Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying AVO stock.
Mission Produce, Inc.'s current P/E ratio is 24.0x. The historical average is 26.7x. This places it at the 50th percentile of its historical range.
Mission Produce, Inc.'s current EV/EBITDA is 9.7x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 13.9x.
Mission Produce, Inc.'s return on equity (ROE) is 6.3%. The historical average is 8.2%.
Based on historical data, Mission Produce, Inc. is trading at a P/E of 24.0x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Mission Produce, Inc. has 11.6% gross margin and 5.1% operating margin.
Mission Produce, Inc.'s Debt/EBITDA ratio is 1.9x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.
Key Metrics
Top Statement Risk
Acquisition-driven leverage and cash burn
Metrics are mathematically derived from official filings.
Gross Margin Cyclicality Masks SG&A Burden
Mission Produce's gross margin contracted to 9.9% in 2026Q3, as per its income statements, a level insufficient to cover its fixed SG&A expense base and resulting in a negative net margin of -1.4%, highlighting severe earnings power limitations.
The company's profitability profile is highly volatile and tied to commodity-like gross margins. When gross margins dip into the single digits, as seen in multiple quarters like 2026Q2 and 2025Q2, the business structure appears unable to generate positive operating income due to the sticky SG&A burden. The 2026Q4 peak demonstrates the business can be profitable at higher gross margins, but the recent trend suggests this level is not the sustainable norm, making core earning power questionable.
Returns on Capital Hover Near Zero
Over the last ten quarters, Mission Produce's ROIC has swung between -0.1% and 3.3%, with the most recent reading at 0.9% according to its financial data, indicating a business that struggles to generate meaningful returns on its invested capital base.
The company's ROIC trajectory shows no compounding trend and is driven almost entirely by gross margin fluctuations rather than operational efficiency. The collapse from a 3.3% ROIC in 2025Q4 to near zero in subsequent quarters, despite a major acquisition that expanded the asset base, suggests the new capital may not be immediately accretive to returns. This pattern indicates capital is being deployed but not consistently generating excess returns above its cost, a key concern for long-term value creation.
Debt Surge Distorts Interest Coverage
The company's debt-to-equity ratio spiked to 0.65 in 2026Q3 from 0.32 in the prior quarter, as reported in its financial statements, while interest coverage collapsed to 2.57x, signaling a material increase in financial risk from the recent acquisition.
The leverage profile has changed fundamentally with the acquisition. The jump in D/E to 0.65, while still manageable in absolute terms, coincides with interest coverage falling to 2.57x, which is uncomfortably low for a business with negative free cash flow. The D/EBITDA ratio of 18.52x in 2026Q3 is distorted by weak EBITDA, but it highlights that the debt load is significant relative to current earnings power. Investors should monitor whether the acquired operations can generate sufficient cash flow to service this new debt burden.
Cash Conversion Cycle Extends with Inventory Build
Mission Produce's cash conversion cycle lengthened to 50 days in 2026Q3 from a 44-day low in 2025Q3, primarily driven by an increase in days inventory outstanding, as per its quarterly operating data, suggesting potential challenges in moving product or managing supply chain timing.
The extension in the CCC, particularly the rise in DIO, is noteworthy given the recent acquisition. It may indicate integration-related inventory accumulation or a mismatch between acquired inventory levels and current demand. The relatively stable DSO suggests customer collections are not the issue, but the company's ability to efficiently convert its inventory holdings back into cash appears to be deteriorating, which is a negative signal for working capital efficiency.
Thin Liquid Buffer Against Losses
A current ratio of 1.92 in 2026Q3 provides an adequate headline liquidity measure, but when combined with a quick ratio of 1.24, the results from its financial statements suggest the position is heavily dependent on inventory valuation and may be vulnerable under operational stress.
While the current ratio appears healthy, the significant gap between it and the quick ratio indicates that over a third of current assets are tied up in inventory, which could be difficult to liquidate quickly without value erosion if needed. Given the recent quarterly operating losses and negative free cash flow, this liquidity profile offers a limited cushion. The company's ability to meet its short-term obligations without drawing on external financing could become strained if profitability does not improve.
Misapplication of the P/E Multiple
The most commonly misapplied metric for Mission Produce is likely its P/E ratio of 24.55, as reported in market data, which can obscure the company's core cyclicality and recent net losses, rendering the multiple a potentially misleading indicator of intrinsic value.
The P/E ratio is particularly problematic for a business like Mission Produce, which operates with volatile, commodity-driven margins and has recently posted net losses. The multiple is calculated on a trailing basis that may include periods of inorganic or non-recurring profitability, like the 2025Q4 quarter, and fails to capture the current trajectory of losses. An EV/EBITDA multiple, adjusted for the full cycle, or a price-to-sales ratio (currently 0.66) might better reflect the business's underlying asset base and sales generation, as it lessens the distortion from capital structure and tax differences.