Last 24 quarters of trend data · Consumer Defensive · Beverages - Wineries & Distilleries
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
Diageo plc's quarterly P/E stands at 8.2x, down 30.0% year-over-year — suggesting improving earnings relative to price. EV/EBITDA has compressed 13.1% YoY to 5.9x, reflecting multiple compression or accelerating EBITDA.
| Metric | TTM | Q2 '26 | Q4 '25 | Q2 '25 | Q4 '24 | Q2 '24 | Q4 '23 | Q2 '23 | Q4 '22 | Q2 '22 | Q4 '21 | Q2 '21 | Q4 '20 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 19.68 | 8.17 | 33.17 | 9.13 | 8.29 | 11.67 | 14.08 | 9.36 | 19.43 | 16.38 | 26.04 | 14.81 | — |
| — | -30.0% | +135.6% | -2.4% | -57.3% | -28.7% | -45.9% | -36.8% | — | +22.9% | +20.9% | +33.7% | — | |
| P/S Ratio | 2.29 | 1.56 | 1.49 | 1.62 | 1.90 | 1.87 | 2.61 | 2.28 | 3.35 | 4.04 | 4.80 | 3.38 | 4.31 |
| — | -16.6% | -42.9% | -28.9% | -43.3% | -53.9% | -45.6% | -32.5% | -22.4% | +16.9% | -44.7% | -46.2% | -45.5% | |
| P/B Ratio | 3.53 | 4.73 | 4.26 | 5.71 | 5.85 | 6.98 | 8.41 | 8.58 | 10.54 | 13.80 | 13.35 | 11.10 | 9.29 |
| — | -32.2% | -49.3% | -33.5% | -44.5% | -49.4% | -37.0% | -22.7% | +13.4% | +27.8% | -34.6% | -28.9% | -38.9% | |
| P/FCF | 17.27 | 10.72 | 13.85 | 6.85 | 5.90 | 13.08 | 10.25 | 13.20 | 19.70 | 20.56 | 21.98 | 13.30 | 29.63 |
| — | -18.1% | +35.1% | -48.1% | -70.0% | -36.4% | -53.4% | -0.8% | -33.5% | -20.9% | -45.3% | -59.2% | -16.8% | |
| EV / EBITDA | 11.33 | 5.93 | 7.75 | 6.41 | 8.22 | 6.83 | 10.87 | 7.21 | 12.29 | 11.87 | 18.14 | 10.66 | 18.90 |
| — | -13.1% | -28.7% | -11.1% | -33.1% | -42.5% | -40.1% | -32.4% | -35.0% | +15.5% | -14.2% | -39.0% | -29.3% | |
| EV / EBIT | 15.82 | 6.69 | 16.56 | 7.59 | 7.71 | 6.70 | 11.71 | 7.02 | 16.86 | 12.78 | 20.13 | 11.52 | — |
| — | -0.1% | +41.4% | +8.1% | -54.2% | -47.6% | -41.8% | -39.1% | — | +16.7% | -38.6% | -38.7% | — |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Diageo plc's operating margin was 31.1% in Q2 2026, up 8.1 pp QoQ and up 0.9 pp YoY. The trailing four-quarter average of 28.0% lags the current quarter, suggesting the recent improvement is above-trend.
| Metric | TTM | Q2 '26 | Q4 '25 | Q2 '25 | Q4 '24 | Q2 '24 | Q4 '23 | Q2 '23 | Q4 '22 | Q2 '22 | Q4 '21 | Q2 '21 | Q4 '20 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 60.1% | 61.0% | 58.2% | 61.8% | 58.8% | 61.3% | 57.5% | 61.5% | 59.7% | 62.9% | 59.4% | 61.3% | 57.1% |
| — | -0.4% | +1.2% | +0.5% | -1.5% | -2.5% | -3.2% | +0.4% | +4.6% | +0.6% | -1.7% | -3.8% | -6.4% | |
| Operating Margin | 21.4% | 31.1% | 23.0% | 28.9% | 28.8% | 30.3% | 19.2% | 33.6% | 27.4% | 34.5% | 25.4% | 32.8% | 21.2% |
| — | +2.9% | +19.5% | -13.7% | +5.2% | -12.2% | -24.2% | +2.2% | +29.6% | -0.8% | -9.4% | -7.6% | -26.7% | |
| Net Margin | 11.6% | 19.1% | 4.5% | 17.8% | 17.8% | 20.2% | 18.4% | 24.4% | 17.1% | 24.7% | 18.4% | 23.0% | -10.0% |
| — | -5.4% | -75.6% | -27.1% | +4.1% | -18.4% | -0.2% | +6.0% | +271.0% | -4.7% | -7.2% | -19.6% | -158.5% |
| Metric | TTM | Q2 '26 | Q4 '25 | Q2 '25 | Q4 '24 | Q2 '24 | Q4 '23 | Q2 '23 | Q4 '22 | Q2 '22 | Q4 '21 | Q2 '21 | Q4 '20 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 18.6% | 12.6% | 3.3% | 15.8% | 14.0% | 18.9% | 14.7% | 25.4% | 13.6% | 22.1% | 12.9% | 18.8% | -5.2% |
| — | -33.0% | -77.6% | -37.7% | +2.4% | -14.8% | +14.7% | +35.0% | +364.0% | +15.0% | +15.5% | +8.6% | -162.7% | |
| ROA | 5.0% | 3.4% | 0.9% | 4.2% | 3.6% | 4.8% | 3.8% | 6.5% | 3.7% | 6.0% | 3.3% | 4.8% | -1.4% |
| — | -29.4% | -76.9% | -35.9% | -2.3% | -20.1% | +13.9% | +36.6% | +362.8% | +2.0% | -10.7% | -25.2% | -143.5% | |
| ROIC | 9.6% | 5.8% | 4.8% | 7.3% | 6.3% | 8.0% | 4.5% | 10.6% | 6.9% | 9.8% | 5.4% | 7.9% | 3.3% |
| — | -26.8% | +6.1% | -31.1% | -9.0% | -18.9% | -16.5% | +33.8% | +108.5% | +14.5% | -6.2% | -8.8% | -43.4% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
Diageo plc's Debt/EBITDA ratio is 6.6x, down from 9.6x last quarter — elevated, raising questions about debt serviceability.
| Metric | TTM | Q2 '26 | Q4 '25 | Q2 '25 | Q4 '24 | Q2 '24 | Q4 '23 | Q2 '23 | Q4 '22 | Q2 '22 | Q4 '21 | Q2 '21 | Q4 '20 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.85 | 1.77 | 1.85 | 1.75 | 1.78 | 1.83 | 1.78 | 1.78 | 1.68 | 1.49 | 1.75 | 1.82 | 1.99 |
| — | -3.5% | +4.3% | -1.9% | +5.8% | +23.2% | +1.7% | -2.1% | -15.3% | +1.9% | +39.9% | +69.0% | +131.6% | |
| Debt / EBITDA | 4.03 | 6.61 | 9.65 | 6.13 | 7.77 | 5.76 | 7.69 | 5.10 | 6.91 | 4.68 | 8.58 | 6.17 | 13.80 |
| — | +14.8% | +25.4% | +20.1% | +12.6% | +23.2% | -10.3% | -17.3% | -50.0% | -5.3% | +75.2% | +35.5% | +140.3% | |
| Current Ratio | 1.63 | 1.60 | 1.63 | 1.60 | 1.53 | 1.58 | 1.63 | 1.57 | 1.53 | 1.52 | 1.60 | 1.77 | 1.77 |
| — | +1.6% | +0.3% | +2.1% | +0.0% | +3.7% | +1.6% | -11.1% | -13.2% | +32.7% | +19.7% | +19.7% | +29.2% | |
| Quick Ratio | 0.64 | 0.71 | 0.64 | 0.67 | 0.55 | 0.65 | 0.62 | 0.78 | 0.69 | 0.70 | 0.76 | 0.91 | 0.88 |
| — | +8.3% | +2.6% | -13.0% | -20.8% | -7.0% | -17.7% | -14.6% | -21.1% | +32.4% | +35.7% | +23.6% | +51.8% | |
| Interest Coverage | 4.19 | 6.17 | 4.40 | 14.34 | 4.73 | 4.62 | 3.84 | 5.76 | 8.12 | 12.30 | 6.83 | 9.13 | 3.79 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 24 years · Updated daily
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Diageo plc's current P/E is 19.7x. The average P/E over the last 4 quarters is 14.7x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Diageo plc's current operating margin is 21.4%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Diageo plc's business trajectory between earnings reports.