Latest Ratios: P/E Ratio 17.4x · EV/EBITDA 10.8x · ROE 10.0%. (1997–2026 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $6.9B | $6.6B | $9.7B | $14.1B | $13.8B | $14.9B | $13.3B | $15.1B | $12.5B | $12.4B | $16.2B |
| Enterprise Value | $13.6B | $13.3B | $16.8B | $21.5B | $18.6B | $19.8B | $18.6B | $20.7B | $20.9B | $21.8B | $19.4B |
| P/E Ratio → | 17.45 | 16.78 | 16.08 | 24.79 | 16.08 | 19.66 | 13.29 | 9.25 | 59.06 | 47.56 | 18.28 |
| P/S Ratio | 0.71 | 0.68 | 0.95 | 1.46 | 1.47 | 1.74 | 1.57 | 1.73 | 1.54 | 1.42 | 2.06 |
| P/B Ratio | 1.67 | 1.59 | 2.48 | 3.70 | 3.77 | 4.47 | 4.23 | 5.87 | 11.23 | 9.00 | 9.86 |
| P/FCF | 10.17 | 9.73 | 13.76 | 21.04 | 17.84 | 15.87 | 17.55 | 13.74 | 12.31 | 13.75 | 17.07 |
| P/OCF | 6.64 | 6.35 | 8.58 | 11.86 | 12.07 | 12.62 | 12.88 | 10.79 | 8.93 | 9.46 | 12.59 |
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 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.37 | 1.64 | 2.23 | 1.98 | 2.32 | 2.19 | 2.38 | 2.58 | 2.51 | 2.46 |
| EV / EBITDA | 10.78 | 10.54 | 10.42 | 13.50 | 10.93 | 13.09 | 11.36 | 12.74 | 14.69 | 25.28 | 11.31 |
| EV / EBIT | 16.01 | 15.51 | 14.71 | 21.36 | 14.11 | 17.05 | 12.00 | 18.59 | 21.33 | 46.13 | 13.83 |
| EV / FCF | — | 19.67 | 23.80 | 32.17 | 24.02 | 21.13 | 24.42 | 18.83 | 20.64 | 24.30 | 20.46 |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 28.1% | 28.1% | 30.4% | 30.8% | 31.2% | 30.7% | 33.2% | 34.5% | 33.2% | 32.4% | 38.8% |
| Operating Margin | 8.7% | 8.7% | 11.5% | 12.3% | 14.0% | 13.8% | 15.5% | 14.9% | 12.1% | 5.4% | 17.7% |
| Net Profit Margin | 4.1% | 4.1% | 5.9% | 5.9% | 9.2% | 8.8% | 11.8% | 18.7% | 2.6% | 3.0% | 11.2% |
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 10.0% | 10.0% | 15.6% | 15.2% | 24.5% | 23.3% | 35.0% | 88.5% | 17.0% | 17.3% | 55.8% |
| ROA | 2.6% | 2.6% | 4.0% | 4.2% | 7.2% | 6.4% | 8.3% | 12.8% | 1.5% | 2.3% | 11.4% |
| ROIC | 5.8% | 5.8% | 7.9% | 9.0% | 11.8% | 10.6% | 11.9% | 11.0% | 7.2% | 4.5% | 21.8% |
| ROCE | 7.0% | 7.0% | 10.0% | 11.0% | 13.9% | 12.5% | 13.7% | 13.6% | 9.5% | 5.8% | 26.4% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.72 | 1.72 | 1.85 | 1.99 | 1.36 | 1.51 | 1.68 | 2.51 | 7.62 | 6.93 | 2.15 |
| Debt / EBITDA | 5.64 | 5.64 | 4.48 | 4.74 | 2.92 | 3.33 | 3.24 | 3.97 | 5.95 | 11.03 | 2.06 |
| Net Debt / Equity | — | 1.62 | 1.81 | 1.96 | 1.30 | 1.48 | 1.66 | 2.18 | 7.59 | 6.90 | 1.96 |
| Net Debt / EBITDA | 5.33 | 5.33 | 4.39 | 4.67 | 2.81 | 3.26 | 3.20 | 3.45 | 5.92 | 10.97 | 1.87 |
| Debt / FCF | — | 9.95 | 10.04 | 11.13 | 6.18 | 5.26 | 6.87 | 5.09 | 8.33 | 10.54 | 3.39 |
| Interest Coverage | 2.60 | 2.60 | 3.31 | 4.04 | 7.00 | 6.16 | 7.36 | 3.22 | 2.76 | 2.35 | 12.54 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.82 | 0.82 | 0.77 | 0.61 | 0.93 | 0.68 | 0.93 | 0.78 | 0.58 | 0.64 | 0.79 |
| Quick Ratio | 0.33 | 0.33 | 0.28 | 0.22 | 0.35 | 0.25 | 0.42 | 0.49 | 0.33 | 0.39 | 0.42 |
| Cash Ratio | 0.12 | 0.12 | 0.05 | 0.03 | 0.09 | 0.04 | 0.04 | 0.28 | 0.01 | 0.01 | 0.13 |
| Asset Turnover | — | 0.62 | 0.69 | 0.63 | 0.78 | 0.72 | 0.72 | 0.70 | 0.62 | 0.60 | 1.02 |
| Inventory Turnover | 4.34 | 4.34 | 5.01 | 4.81 | 4.99 | 4.76 | 6.07 | 6.54 | 6.27 | 6.62 | 5.36 |
| Days Sales Outstanding | — | 21.65 | 20.75 | 23.86 | 20.64 | 23.06 | 25.62 | 24.15 | 25.84 | 23.66 | 27.99 |
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 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 6.8% | 7.1% | 4.7% | 3.2% | 3.2% | 3.0% | 3.3% | 2.8% | 3.4% | 3.4% | 2.6% |
| Payout Ratio | 116.6% | 116.6% | 76.2% | 78.5% | 52.1% | 59.6% | 43.8% | 26.2% | 200.5% | 163.2% | 47.4% |
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 5.7% | 6.0% | 6.2% | 4.0% | 6.2% | 5.1% | 7.5% | 10.8% | 1.7% | 2.1% | 5.5% |
| FCF Yield | 9.8% | 10.3% | 7.3% | 4.8% | 5.6% | 6.3% | 5.7% | 7.3% | 8.1% | 7.3% | 5.9% |
| Buyback Yield | 0.4% | 0.4% | 0.6% | 0.5% | 1.0% | 1.1% | 0.3% | 0.0% | 0.0% | 0.7% | 2.7% |
| Total Shareholder Yield | 7.2% | 7.5% | 5.4% | 3.6% | 4.3% | 4.1% | 3.6% | 2.8% | 3.4% | 4.1% | 5.3% |
| Shares Outstanding | — | $300M | $300M | $300M | $301M | $302M | $305M | $304M | $302M | $302M | $307M |
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying CPB stock.
Campbell Soup Company's current P/E ratio is 17.4x. The historical average is 21.8x. This places it at the 50th percentile of its historical range.
Campbell Soup Company's current EV/EBITDA is 10.8x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 12.0x.
Campbell Soup Company's return on equity (ROE) is 10.0%. The historical average is 79.4%.
Based on historical data, Campbell Soup Company is trading at a P/E of 17.4x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Campbell Soup Company's current dividend yield is 6.77% with a payout ratio of 116.6%.
Campbell Soup Company has 28.1% gross margin and 8.7% operating margin.
Campbell Soup Company's Debt/EBITDA ratio is 5.6x, indicating high leverage. A ratio above 4x may signal elevated financial risk.
Key Metrics
Top Statement Risk
Volume erosion and leverage
Metrics are mathematically derived from official filings.
Compressed Multiples Reflect Structural Skepticism
Based on current market data, CPB trades at a forward P/E of 10.45x, which appears to reflect investor skepticism regarding the company's ability to reverse volume declines in its core Meals & Beverages segment compared to higher-growth peers like Kellanova, which commands a significantly higher valuation multiple.
The current EV/EBITDA of 7.75x suggests that the market is pricing the company as a value-trap rather than a growth-oriented consumer staple. This valuation discount warrants further investigation into whether the market is correctly identifying a terminal decline in the legacy soup business or if the current price provides an attractive entry point for a potential turnaround.
Capital Efficiency Remains Under Pressure
As reported in recent financial statements, the company's ROIC has trended downward from 3.0% in 2024Q2 to a meager 1.7% in 2026Q3, indicating that the firm is struggling to generate returns on invested capital that exceed its likely cost of capital in the current economic environment.
The persistent decay in ROIC suggests that recent acquisitions and capital expenditures have not yet yielded the expected synergies or margin expansion. Investors should monitor whether management can improve asset utilization, as the current trend indicates a diminishing ability to compound value for shareholders through internal reinvestment.
Working Capital Management Shows Instability
According to the provided quarterly data, the cash conversion cycle has fluctuated between 21 and 29 days over the last ten quarters, reflecting inconsistent efficiency in managing inventory levels and supplier payment terms amidst a challenging retail environment for shelf-stable food products.
The variability in the cash conversion cycle suggests that the company may be experiencing difficulty in aligning its production schedules with actual consumer demand. This inefficiency likely contributes to the observed volatility in free cash flow, as capital remains tied up in inventory that is not moving through the supply chain at optimal speeds.
Debt Service Capacity Remains Constrained
Based on reported figures, the company's interest coverage ratio has deteriorated from 6.89x in 2024Q2 to 2.92x in 2026Q3, signaling that the firm's ability to comfortably service its debt obligations is becoming increasingly sensitive to fluctuations in operating income and prevailing interest rate levels.
With a debt-to-equity ratio consistently hovering near 1.75x, the balance sheet appears to lack the flexibility required to navigate prolonged periods of margin compression. This leverage profile suggests that any further decline in operating profitability could significantly impair the company's financial stability and limit its capacity for future strategic investments.
Misapplication of Dividend Yield Metrics
Investors frequently rely on the company's 6.7% dividend yield as a primary indicator of value, yet this metric obscures the underlying deterioration in free cash flow margins, which have compressed from 15.9% in 2024Q2 to a marginal 1.3% by 2026Q3, raising questions about long-term payout sustainability.
The dividend yield is often misapplied as a proxy for financial health in this business model, failing to account for the fact that cash distributions are currently outpacing the company's ability to generate organic free cash flow. A more appropriate metric for assessing the company's true health would be the cash payout ratio relative to normalized free cash flow, which would likely reveal a much tighter margin of safety than the headline yield suggests.