The Chefs' Warehouse, Inc. (CHEF) Financial Ratios
16 years of historical data (2010–2025) · Consumer Defensive · Food Distribution
EV/EBITDA
↓
18.73
-4% vs avg
5yr avg: 19.56
30Y Low10.8·High35.0
P/FCF
↓
37.32
↓-70% vs avg
5yr avg: 124.61
30Y Low18.4·High63.6
P/B Ratio
↑
6.12
↑+64% vs avg
5yr avg: 3.73
30Y Low2.1·High13.7
ROE
↑
12.7%
↓+67% vs avg
5yr avg: 7.6%
30Y Low-24%·High46%
Debt/EBITDA
↓
5.09
↓-25% vs avg
5yr avg: 6.79
30Y Low1.5·High11.5
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
CHEF Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
The Chefs' Warehouse, Inc. trades at 47.8x earnings, 24% above its 5-year average of 38.4x, sitting at the 92nd percentile of its historical range. Compared to the Consumer Defensive sector median P/E of 19.4x, the stock trades at a premium of 147%. On a free-cash-flow basis, the stock trades at 37.3x P/FCF, 70% below the 5-year average of 124.6x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $3.3B | $2.9B | $2.2B | $1.3B | $1.3B | $1.2B | $866M | $1.1B | $949M | $562M | $411M |
| Enterprise Value | $4.3B | $4.0B | $3.0B | $2.2B | $2.0B | $1.7B | $1.2B | $1.5B | $1.2B | $839M | $711M |
| P/E Ratio → | 47.82 | 37.82 | 36.88 | 33.44 | 45.59 | — | — | 47.05 | 46.35 | 37.96 | 131.67 |
| P/S Ratio | 0.79 | 0.70 | 0.59 | 0.39 | 0.49 | 0.70 | 0.78 | 0.72 | 0.66 | 0.43 | 0.34 |
| P/B Ratio | 6.12 | 4.84 | 4.16 | 2.95 | 3.21 | 3.49 | 2.51 | 3.41 | 3.07 | 2.26 | 2.12 |
| P/FCF | 37.32 | 33.32 | 21.62 | 318.89 | — | — | 24.16 | 39.62 | 37.57 | 29.30 | 18.45 |
| P/OCF | 25.35 | 22.64 | 14.62 | 21.79 | 55.73 | — | 20.20 | 25.46 | 21.05 | 17.85 | 10.57 |
P/E links to full P/E history page with 30-year chart
CHEF EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
The Chefs' Warehouse, Inc.'s enterprise value stands at 18.7x EBITDA, roughly in line with its 5-year average of 19.6x. The Consumer Defensive sector median is 11.3x, placing the stock at a 65% premium 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 | — | 0.96 | 0.80 | 0.65 | 0.75 | 0.95 | 1.08 | 0.96 | 0.82 | 0.64 | 0.60 |
| EV / EBITDA | 18.73 | 17.22 | 15.74 | 14.18 | 15.67 | 34.99 | — | 19.94 | 16.70 | 13.60 | 10.81 |
| EV / EBIT | 28.29 | 27.43 | 23.71 | 21.99 | 22.98 | 152.71 | — | 30.21 | 24.39 | 20.39 | 15.03 |
| EV / FCF | — | 45.34 | 29.35 | 526.96 | — | — | 33.57 | 52.91 | 46.90 | 43.70 | 31.89 |
CHEF Profitability
Margins and return-on-capital ratios measuring operating efficiency
The Chefs' Warehouse, Inc. earns an operating margin of 3.7%, above the Consumer Defensive sector average of 1.1%. ROE of 12.7% is modest. ROIC of 7.7% represents adequate returns on invested capital versus a sector median of 5.5%.
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 | 24.2% | 24.2% | 24.1% | 23.7% | 23.7% | 22.4% | 22.3% | 25.5% | 25.4% | 25.3% | 25.3% |
| Operating Margin | 3.7% | 3.7% | 3.4% | 2.9% | 3.3% | 0.6% | -9.2% | 3.2% | 3.4% | 3.2% | 4.0% |
| Net Profit Margin | 1.7% | 1.7% | 1.5% | 1.0% | 1.1% | -0.3% | -7.5% | 1.5% | 1.4% | 1.1% | 0.3% |
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 | 12.7% | 12.7% | 11.2% | 8.1% | 7.4% | -1.4% | -24.4% | 7.5% | 7.3% | 6.5% | 1.6% |
| ROA | 3.7% | 3.7% | 3.1% | 2.2% | 2.2% | -0.5% | -8.3% | 2.8% | 2.9% | 2.2% | 0.5% |
| ROIC | 7.7% | 7.7% | 7.2% | 6.3% | 6.9% | 1.1% | -11.0% | 6.0% | 6.8% | 6.1% | 7.4% |
| ROCE | 10.2% | 10.2% | 9.3% | 7.9% | 8.2% | 1.2% | -11.9% | 6.9% | 8.2% | 7.4% | 9.4% |
CHEF Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
The Chefs' Warehouse, Inc. carries a Debt/EBITDA ratio of 5.1x, which is highly leveraged (49% above the sector average of 3.4x). Net debt stands at $1.1B ($1.2B total debt minus $121M cash). Interest coverage of 3.5x 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 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.95 | 1.95 | 1.70 | 2.04 | 2.09 | 1.55 | 1.54 | 1.56 | 0.90 | 1.28 | 1.72 |
| Debt / EBITDA | 5.09 | 5.09 | 4.74 | 5.92 | 6.68 | 11.50 | — | 6.84 | 3.92 | 5.15 | 5.06 |
| Net Debt / Equity | — | 1.75 | 1.49 | 1.93 | 1.70 | 1.22 | 0.98 | 1.14 | 0.76 | 1.11 | 1.55 |
| Net Debt / EBITDA | 4.56 | 4.56 | 4.15 | 5.60 | 5.42 | 9.06 | — | 5.01 | 3.32 | 4.48 | 4.56 |
| Debt / FCF | — | 12.02 | 7.74 | 208.07 | — | — | 9.41 | 13.29 | 9.33 | 14.40 | 13.44 |
| Interest Coverage | 3.49 | 3.49 | 2.63 | 2.22 | 1.96 | 0.61 | -4.90 | 2.77 | 2.34 | 1.81 | 1.14 |
CHEF Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The Chefs' Warehouse, Inc.'s current ratio of 2.05x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The quick ratio of 1.23x 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 1.89x to 2.05x 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 | 2.05 | 2.05 | 2.04 | 1.89 | 2.54 | 2.39 | 3.43 | 3.02 | 2.62 | 2.74 | 2.47 |
| Quick Ratio | 1.23 | 1.23 | 1.30 | 1.16 | 1.67 | 1.65 | 2.74 | 2.19 | 1.72 | 1.80 | 1.65 |
| Cash Ratio | 0.26 | 0.26 | 0.27 | 0.13 | 0.56 | 0.58 | 1.64 | 0.93 | 0.34 | 0.38 | 0.31 |
| Asset Turnover | — | 2.05 | 2.04 | 2.01 | 1.74 | 1.63 | 1.14 | 1.57 | 1.97 | 1.89 | 1.88 |
| Inventory Turnover | 8.15 | 8.15 | 9.11 | 9.21 | 8.12 | 9.38 | 10.46 | 9.56 | 9.57 | 9.52 | 10.19 |
| Days Sales Outstanding | — | 34.51 | 35.24 | 35.50 | 36.34 | 36.07 | 31.65 | 40.14 | 40.87 | 39.87 | 39.18 |
CHEF Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
The Chefs' Warehouse, Inc. returns 0.5% to shareholders annually primarily through share buybacks. 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 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
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 | 2.1% | 2.6% | 2.7% | 3.0% | 2.2% | — | — | 2.1% | 2.2% | 2.6% | 0.8% |
| FCF Yield | 2.7% | 3.0% | 4.6% | 0.3% | — | — | 4.1% | 2.5% | 2.7% | 3.4% | 5.4% |
| Buyback Yield | 0.5% | 0.5% | 1.1% | 0.2% | 0.2% | 0.1% | 0.4% | 0.1% | 0.1% | 0.1% | 0.1% |
| Total Shareholder Yield | 0.5% | 0.5% | 1.1% | 0.2% | 0.2% | 0.1% | 0.4% | 0.1% | 0.1% | 0.1% | 0.1% |
| Shares Outstanding | — | $46M | $46M | $46M | $39M | $37M | $34M | $30M | $30M | $27M | $26M |
Peer Comparison
Compare CHEF 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 |
|---|---|---|---|---|---|---|---|---|---|
 CHEFYou | $3B | 47.8 | 18.7 | 37.3 | 24.2% | 3.7% | 12.7% | 7.7% | 5.1 |
 USFD | $19B | 29.6 | 14.7 | 20.0 | 17.4% | 3.1% | 15.3% | 9.3% | 3.4 |
 SYY | $35B | 19.5 | 11.6 | 19.6 | 18.4% | 3.8% | 97.5% | 15.7% | 3.5 |
 PFGC | $15B | 42.5 | 14.7 | 20.7 | 11.7% | 1.3% | 7.9% | 5.7% | 5.2 |
 DOLE | $1B | 27.9 | 3.4 | 822.2 | 7.8% | 2.4% | 3.6% | 9.3% | — |
 UNFI | $3B | -25.5 | 22.8 | 13.4 | 13.3% | -0.1% | -7.4% | -0.5% | 11.9 |
 NABL | $969M | -56.7 | 12.9 | 12.9 | 76.8% | 11.3% | -2.2% | 3.9% | 4.5 |
 COKE | $15B | 26.1 | 15.0 | 23.8 | 39.7% | 13.2% | 168.3% | 34.2% | 2.6 |
 ANDE | $2B | 25.3 | 12.8 | — | 6.5% | 1.2% | 6.6% | 4.6% | 4.0 |
 CMG | $43B | 29.2 | 22.3 | 29.9 | 25.4% | 16.9% | 47.4% | 15.3% | 4.1 |
 DENN | $322M | 15.2 | 12.1 | 350.6 | 73.4% | 10.0% | — | 9.7% | 6.8 |
| Consumer Defensive Median | — | 19.4 | 11.3 | 15.0 | 40.1% | 1.1% | 6.8% | 5.5% | 3.4 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 16 years · Updated daily
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Side-by-side business, growth, and profitability comparison vs US Foods Holding Corp..
Start ComparisonCHEF — Frequently Asked Questions
Quick answers to the most common questions about buying CHEF stock.
What is The Chefs' Warehouse, Inc.'s P/E ratio?
The Chefs' Warehouse, Inc.'s current P/E ratio is 47.8x. The historical average is 45.1x. This places it at the 92th percentile of its historical range.
What is The Chefs' Warehouse, Inc.'s EV/EBITDA?
The Chefs' Warehouse, Inc.'s current EV/EBITDA is 18.7x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 16.6x.
What is The Chefs' Warehouse, Inc.'s ROE?
The Chefs' Warehouse, Inc.'s return on equity (ROE) is 12.7%. The historical average is 10.3%.
Is CHEF stock overvalued?
Based on historical data, The Chefs' Warehouse, Inc. is trading at a P/E of 47.8x. This is at the 92th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What are The Chefs' Warehouse, Inc.'s profit margins?
The Chefs' Warehouse, Inc. has 24.2% gross margin and 3.7% operating margin.
How much debt does The Chefs' Warehouse, Inc. have?
The Chefs' Warehouse, Inc.'s Debt/EBITDA ratio is 5.1x, indicating high leverage. A ratio above 4x may signal elevated financial risk.