30 years of historical data (1996–2025) · Consumer Cyclical · Restaurants
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
BJ's Restaurants, Inc. trades at 18.5x earnings, 72% below its 5-year average of 66.9x, sitting at the 19th percentile of its historical range. Compared to the Consumer Cyclical sector median P/E of 19.6x, the stock trades at a discount of 5%. On a free-cash-flow basis, the stock trades at 20.6x P/FCF, 62% below the 5-year average of 54.1x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $842M | $889M | $835M | $861M | $624M | $801M | $815M | $782M | $1.1B | $793M | $952M |
| Enterprise Value | $1.3B | $1.4B | $1.3B | $1.4B | $1.1B | $1.3B | $1.4B | $1.4B | $1.2B | $932M | $1.1B |
| P/E Ratio → | 18.54 | 18.19 | 50.20 | 43.91 | 155.18 | — | — | 17.25 | 21.52 | 17.67 | 20.90 |
| P/S Ratio | 0.60 | 0.64 | 0.62 | 0.65 | 0.49 | 0.74 | 1.05 | 0.67 | 0.98 | 0.77 | 0.96 |
| P/B Ratio | 2.47 | 2.43 | 2.26 | 2.36 | 1.81 | 2.40 | 2.77 | 2.69 | 3.53 | 3.06 | 3.46 |
| P/FCF | 20.58 | 21.73 | 33.99 | 124.44 | — | 36.26 | — | 23.10 | 15.17 | 21.83 | 32.84 |
| P/OCF | 7.62 | 8.04 | 8.23 | 8.14 | 12.21 | 12.46 | 20.09 | 6.74 | 8.21 | 7.40 | 6.88 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
BJ's Restaurants, Inc.'s enterprise value stands at 10.7x EBITDA, 35% below its 5-year average of 16.5x. The Consumer Cyclical sector median is 11.4x, placing the stock at a 6% 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 | — | 0.97 | 0.96 | 1.01 | 0.88 | 1.18 | 1.76 | 1.19 | 1.04 | 0.90 | 1.09 |
| EV / EBITDA | 10.65 | 11.03 | 15.08 | 15.95 | 17.44 | 22.90 | — | 11.42 | 9.04 | 8.74 | 8.56 |
| EV / EBIT | 28.26 | 26.08 | 95.26 | 90.04 | — | — | — | 27.16 | 18.78 | 21.17 | 16.58 |
| EV / FCF | — | 33.15 | 53.30 | 195.28 | — | 58.29 | — | 40.86 | 16.08 | 25.67 | 37.16 |
Margins and return-on-capital ratios measuring operating efficiency
BJ's Restaurants, Inc. earns an operating margin of 3.3%, roughly in line with the Consumer Cyclical sector average. Operating margins have expanded from 1.0% to 3.3% over the past 3 years, signaling improving operational efficiency. ROE of 13.3% is modest. ROIC of 4.1% represents below-average returns on invested capital versus a sector median of 5.8%.
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 | 74.7% | 74.7% | 74.2% | 13.3% | 11.3% | 11.9% | 7.2% | 16.0% | 17.4% | 16.7% | 19.3% |
| Operating Margin | 3.3% | 3.3% | 1.0% | 1.0% | -0.4% | -1.5% | -11.1% | 4.2% | 5.2% | 3.7% | 6.2% |
| Net Profit Margin | 3.5% | 3.5% | 1.2% | 1.5% | 0.3% | -0.3% | -7.4% | 3.9% | 4.5% | 4.3% | 4.6% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 13.3% | 13.3% | 4.5% | 5.5% | 1.2% | -1.1% | -19.8% | 15.1% | 17.9% | 16.8% | 15.4% |
| ROA | 4.7% | 4.7% | 1.5% | 1.6% | 0.4% | -0.3% | -5.0% | 4.7% | 7.4% | 6.4% | 6.6% |
| ROIC | 4.1% | 4.1% | 1.2% | 1.2% | -0.5% | -1.5% | -7.4% | 5.8% | 11.2% | 7.1% | 11.8% |
| ROCE | 5.5% | 5.5% | 1.5% | 1.3% | -0.6% | -1.9% | -8.8% | 6.1% | 10.4% | 6.6% | 10.7% |
Solvency and debt-coverage ratios — lower is generally safer
BJ's Restaurants, Inc. carries a Debt/EBITDA ratio of 4.0x, which is moderately leveraged (9% below the sector average of 4.4x). Net debt stands at $467M ($491M total debt minus $24M cash). Interest coverage of 11.0x 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 | 1.34 | 1.34 | 1.35 | 1.42 | 1.54 | 1.57 | 2.08 | 2.15 | 0.31 | 0.63 | 0.54 |
| Debt / EBITDA | 3.99 | 3.99 | 5.77 | 6.13 | 8.21 | 9.34 | — | 5.15 | 0.74 | 1.53 | 1.18 |
| Net Debt / Equity | — | 1.28 | 1.28 | 1.34 | 1.47 | 1.46 | 1.90 | 2.07 | 0.21 | 0.54 | 0.46 |
| Net Debt / EBITDA | 3.80 | 3.80 | 5.47 | 5.79 | 7.82 | 8.65 | — | 4.96 | 0.51 | 1.31 | 0.99 |
| Debt / FCF | — | 11.42 | 19.31 | 70.84 | — | 22.03 | — | 17.76 | 0.91 | 3.83 | 4.32 |
| Interest Coverage | 10.95 | 10.95 | 2.51 | 3.05 | -1.88 | -2.83 | -11.71 | 11.04 | 12.74 | 9.78 | 37.56 |
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.13x is below 1.0, meaning current liabilities exceed current assets. The current ratio has declined from 0.42x to 0.13x 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 | 0.13 | 0.13 | 0.41 | 0.42 | 0.42 | 0.45 | 0.54 | 0.41 | 0.52 | 0.49 | 0.61 |
| Quick Ratio | 0.06 | 0.06 | 0.34 | 0.35 | 0.36 | 0.40 | 0.48 | 0.34 | 0.45 | 0.41 | 0.53 |
| Cash Ratio | 0.13 | 0.13 | 0.13 | 0.15 | 0.13 | 0.19 | 0.29 | 0.14 | 0.19 | 0.20 | 0.18 |
| Asset Turnover | — | 1.38 | 1.30 | 1.09 | 1.06 | 1.05 | 0.73 | 0.94 | 1.61 | 1.51 | 1.40 |
| Inventory Turnover | 26.96 | 26.96 | 27.46 | 87.24 | 95.83 | 82.68 | 67.67 | 87.89 | 91.00 | 81.78 | 80.89 |
| Days Sales Outstanding | — | 4.80 | 5.49 | 5.33 | 8.13 | 9.76 | 11.08 | 6.98 | 10.19 | 4.90 | 5.40 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
BJ's Restaurants, Inc. returns 8.1% to shareholders annually primarily through share buybacks. The earnings yield of 5.4% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
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 | — | — | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 1.3% | 0.9% | 0.3% | — |
| Payout Ratio | — | — | 0.1% | 0.2% | 2.5% | — | — | 22.1% | 18.7% | 5.1% | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 5.4% | 5.5% | 2.0% | 2.3% | 0.6% | — | — | 5.8% | 4.6% | 5.7% | 4.8% |
| FCF Yield | 4.9% | 4.6% | 2.9% | 0.8% | — | 2.8% | — | 4.3% | 6.6% | 4.6% | 3.0% |
| Buyback Yield | 8.1% | 7.6% | 3.0% | 1.3% | 0.4% | 0.0% | 1.8% | 10.6% | 1.9% | 8.4% | 10.0% |
| Total Shareholder Yield | 8.1% | 7.6% | 3.0% | 1.3% | 0.4% | 0.0% | 1.9% | 11.9% | 2.7% | 8.7% | 10.0% |
| Shares Outstanding | — | $23M | $24M | $24M | $24M | $23M | $21M | $21M | $22M | $22M | $24M |
Compare BJRI 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 |
|---|---|---|---|---|---|---|---|---|---|
| $842M | 18.5 | 10.7 | 20.6 | 74.7% | 3.3% | 13.3% | 4.1% | 4.0 | |
| $11B | 24.7 | 16.1 | 26.5 | 17.6% | 9.6% | 34.3% | 20.4% | 1.2 | |
| $6B | 17.7 | 11.1 | 15.3 | 18.2% | 9.5% | 186.7% | 19.1% | 2.4 | |
| $23B | 22.1 | 15.5 | 22.4 | 21.9% | 11.3% | 46.1% | 13.0% | 3.3 | |
| $3B | 19.7 | 21.2 | 19.5 | 78.3% | 5.0% | 33.7% | 4.7% | 11.7 | |
| $692M | 128.7 | 10.9 | 7.2 | 8.9% | 4.1% | 2.3% | 4.3% | 9.0 | |
| $687M | 14.9 | 9.3 | 11.4 | 33.0% | 1.6% | 10.3% | 2.6% | 5.9 | |
| $81M | -2.8 | 10.7 | 13.1 | 68.0% | 0.2% | — | 0.5% | 9.5 | |
| $261M | -3.2 | 82.8 | 3.5 | 28.7% | -1.2% | — | -0.6% | 77.6 | |
| $35B | 19.7 | 11.6 | 19.7 | 18.4% | 3.8% | 97.5% | 15.7% | 3.5 | |
| $15B | 42.6 | 14.7 | 20.7 | 11.7% | 1.3% | 7.9% | 5.7% | 5.2 | |
| Consumer Cyclical Median | — | 19.6 | 11.4 | 15.0 | 36.9% | 2.9% | 5.6% | 5.8% | 4.4 |
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Start ComparisonQuick answers to the most common questions about buying BJRI stock.
BJ's Restaurants, Inc.'s current P/E ratio is 18.5x. The historical average is 45.7x. This places it at the 19th percentile of its historical range.
BJ's Restaurants, Inc.'s current EV/EBITDA is 10.7x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 14.6x.
BJ's Restaurants, Inc.'s return on equity (ROE) is 13.3%. The historical average is 6.0%.
Based on historical data, BJ's Restaurants, Inc. is trading at a P/E of 18.5x. This is at the 19th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
BJ's Restaurants, Inc. has 74.7% gross margin and 3.3% operating margin.
BJ's Restaurants, Inc.'s Debt/EBITDA ratio is 4.0x, indicating high leverage. A ratio between 2-4x is manageable but warrants monitoring.