Birkenstock Holding plc (BIRK) Financial Ratios
6 years of historical data (2020–2025) · Consumer Cyclical · Apparel - Footwear & Accessories
EV/EBITDA
↓
10.94
↓-36% vs avg
5yr avg: 17.00
30Y Low14.4·High19.6
P/FCF
↑
21.53
↓-22% vs avg
5yr avg: 27.67
30Y Low26.1·High29.3
P/B Ratio
↓
2.31
↓-30% vs avg
5yr avg: 3.31
30Y Low3.1·High3.5
ROE
↑
13.0%
↓+56% vs avg
5yr avg: 8.3%
30Y Low-27%·High13%
Debt/EBITDA
↓
1.99
↓-53% vs avg
5yr avg: 4.29
30Y Low2.0·High6.6
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
BIRK Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Birkenstock Holding plc trades at 18.0x earnings, 50% below its 5-year average of 36.3x, sitting at the 0th percentile of its historical range. Compared to the Consumer Cyclical sector median P/E of 19.6x, the stock trades at a discount of 8%. On a free-cash-flow basis, the stock trades at 21.5x P/FCF, 22% below the 5-year average of 27.7x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Market Cap | $7.3B | $8.4B | $9.2B | — | — | — | — |
| Enterprise Value | $8.4B | $9.4B | $10.2B | — | — | — | — |
| P/E Ratio → | 18.04 | 24.20 | 48.32 | — | — | — | — |
| P/S Ratio | 2.96 | 4.02 | 5.12 | — | — | — | — |
| P/B Ratio | 2.31 | 3.10 | 3.52 | — | — | — | — |
| P/FCF | 21.53 | 29.28 | 26.06 | — | — | — | — |
| P/OCF | 16.63 | 22.61 | 21.57 | — | — | — | — |
P/E links to full P/E history page with 30-year chart
BIRK EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Birkenstock Holding plc's enterprise value stands at 10.9x EBITDA, 36% below its 5-year average of 17.0x. This is roughly in line with the Consumer Cyclical sector median of 11.4x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 4.50 | 5.67 | — | — | — | — |
| EV / EBITDA | 10.94 | 14.39 | 19.60 | — | — | — | — |
| EV / EBIT | 13.08 | 18.14 | 25.45 | — | — | — | — |
| EV / FCF | — | 32.78 | 28.86 | — | — | — | — |
BIRK Profitability
Margins and return-on-capital ratios measuring operating efficiency
Birkenstock Holding plc earns an operating margin of 26.2%, significantly above the Consumer Cyclical sector average of 2.9%. Operating margins have expanded from 17.5% to 26.2% over the past 3 years, signaling improving operational efficiency. ROE of 13.0% is modest. ROIC of 11.3% represents solid 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 |
|---|---|---|---|---|---|---|---|
| Gross Margin | 59.1% | 59.1% | 58.8% | 62.1% | 60.3% | 56.7% | 35.7% |
| Operating Margin | 26.2% | 26.2% | 23.3% | 17.5% | 29.2% | 23.9% | -5.9% |
| Net Profit Margin | 16.6% | 16.6% | 10.6% | 5.0% | 15.1% | 12.1% | -14.6% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| ROE | 13.0% | 13.0% | 7.6% | 3.2% | 8.5% | 9.5% | -26.7% |
| ROA | 7.1% | 7.1% | 3.9% | 1.6% | 4.1% | 4.6% | -13.2% |
| ROIC | 11.3% | 11.3% | 8.2% | 4.8% | 7.0% | 8.1% | -6.1% |
| ROCE | 12.3% | 12.3% | 9.5% | 5.8% | 8.6% | 9.9% | -6.7% |
BIRK Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Birkenstock Holding plc carries a Debt/EBITDA ratio of 2.0x, which is manageable (55% below the sector average of 4.4x). Net debt stands at $1.0B ($1.3B total debt minus $329M cash). Interest coverage of 6.6x 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 | 0.48 | 0.48 | 0.51 | 0.83 | 0.87 | 0.92 | 0.55 |
| Debt / EBITDA | 1.99 | 1.99 | 2.58 | 5.76 | 4.52 | 6.59 | 65.88 |
| Net Debt / Equity | — | 0.37 | 0.38 | 0.68 | 0.74 | 0.80 | 0.31 |
| Net Debt / EBITDA | 1.54 | 1.54 | 1.90 | 4.76 | 3.84 | 5.77 | 37.14 |
| Debt / FCF | — | 3.50 | 2.80 | 6.41 | 10.76 | 10.36 | 0.73 |
| Interest Coverage | 6.59 | 6.59 | 3.88 | 2.01 | 4.09 | 2.89 | -0.49 |
BIRK Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Birkenstock Holding plc's current ratio of 3.30x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The quick ratio of 1.75x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory. The current ratio has improved from 2.85x to 3.30x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Current Ratio | 3.30 | 3.30 | 2.60 | 2.85 | 2.96 | 2.79 | 2.24 |
| Quick Ratio | 1.75 | 1.75 | 1.20 | 1.28 | 1.31 | 1.42 | 0.99 |
| Cash Ratio | 0.75 | 0.75 | 0.84 | 0.94 | 0.95 | 0.90 | 0.57 |
| Asset Turnover | — | 0.42 | 0.37 | 0.31 | 0.26 | 0.23 | 0.91 |
| Inventory Turnover | 1.22 | 1.22 | 1.19 | 0.95 | 0.92 | 1.16 | 2.21 |
| Days Sales Outstanding | — | 32.96 | 28.77 | 21.76 | 18.36 | 20.66 | 32.96 |
BIRK Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Birkenstock Holding plc returns 3.1% to shareholders annually primarily through share buybacks. The earnings yield of 5.5% (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 | — | — | — | — | — | 134.1% | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Earnings Yield | 5.5% | 4.1% | 2.1% | — | — | — | — |
| FCF Yield | 4.6% | 3.4% | 3.8% | — | — | — | — |
| Buyback Yield | 3.1% | 2.3% | 0.0% | — | — | — | — |
| Total Shareholder Yield | 3.1% | 2.3% | 0.0% | — | — | — | — |
| Shares Outstanding | — | $187M | $188M | $183M | $183M | $183M | $188M |
Peer Comparison
Compare BIRK 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 |
|---|---|---|---|---|---|---|---|---|---|
 BIRKYou | $7B | 18.0 | 10.9 | 21.5 | 59.1% | 26.2% | 13.0% | 11.3% | 2.0 |
 DECK | $15B | 16.4 | 10.6 | 15.4 | 57.9% | 23.6% | 41.8% | 99.7% | 0.2 |
 CROX | $5B | -70.5 | 7.0 | 8.0 | 57.0% | 22.0% | -5.2% | 21.7% | 1.7 |
 WWW | $1B | 0.2 | 12.4 | 11.3 | 47.3% | 8.0% | 22.5% | 11.6% | 4.3 |
 SHOO | $3B | 63.5 | 32.2 | 24.4 | 41.1% | 2.7% | 5.0% | 4.9% | 4.8 |
 NKE | $52B | 20.3 | 12.4 | 16.0 | 42.7% | 8.0% | 23.3% | 16.7% | 2.4 |
 UAA | $1B | -13.8 | — | — | 47.9% | -3.6% | -10.0% | -5.1% | — |
 ONON | $11B | 48.5 | 16.4 | 32.9 | 62.8% | 12.5% | 12.9% | 26.9% | 1.2 |
 BOOT | $5B | 29.2 | 19.0 | — | 37.5% | 12.5% | 17.4% | 12.1% | 1.9 |
 SCVL | $495M | 6.8 | 6.2 | 7.1 | 35.6% | 7.6% | 12.0% | 7.8% | 3.0 |
 AMZN | $3.0T | 38.3 | 20.7 | 384.3 | 50.3% | 11.2% | 22.3% | 14.7% | 1.0 |
| Consumer Cyclical Median | — | 19.6 | 11.4 | 15.0 | 36.9% | 2.9% | 5.6% | 5.8% | 4.4 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Includes 30+ ratios · 6 years · Updated daily
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Start ComparisonBIRK — Frequently Asked Questions
Quick answers to the most common questions about buying BIRK stock.
What is Birkenstock Holding plc's P/E ratio?
Birkenstock Holding plc's current P/E ratio is 18.0x. The historical average is 36.3x.
What is Birkenstock Holding plc's EV/EBITDA?
Birkenstock Holding plc's current EV/EBITDA is 10.9x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 17.0x.
What is Birkenstock Holding plc's ROE?
Birkenstock Holding plc's return on equity (ROE) is 13.0%. The historical average is 2.5%.
Is BIRK stock overvalued?
Based on historical data, Birkenstock Holding plc is trading at a P/E of 18.0x. Compare with industry peers and growth rates for a complete picture.
What are Birkenstock Holding plc's profit margins?
Birkenstock Holding plc has 59.1% gross margin and 26.2% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does Birkenstock Holding plc have?
Birkenstock Holding plc's Debt/EBITDA ratio is 2.0x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.