European Wax Center, Inc. (EWCZ) Financial Ratios
6 years of historical data (2019–2024) · Consumer Defensive · Household & Personal Products
EV/EBITDA
↓
8.86
↓-47% vs avg
5yr avg: 16.66
30Y Low9.5·High28.0
P/FCF
↓
4.86
↓-69% vs avg
5yr avg: 15.76
30Y Low5.6·High33.8
P/B Ratio
↑
2.97
↓-28% vs avg
5yr avg: 4.10
30Y Low3.3·High5.9
ROE
↑
10.1%
↓+224% vs avg
5yr avg: 3.1%
30Y Low-8%·High10%
Debt/EBITDA
↓
5.60
↓-26% vs avg
5yr avg: 7.58
30Y Low4.0·High16.2
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
EWCZ Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
European Wax Center, Inc. trades at 26.4x earnings, 56% below its 5-year average of 59.8x, sitting at the 0th percentile of its historical range. Compared to the Consumer Defensive sector median P/E of 19.6x, the stock trades at a premium of 34%. On a free-cash-flow basis, the stock trades at 4.9x P/FCF, 69% below the 5-year average of 15.8x.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Market Cap | $272M | $313M | $674M | $500M | $1.1B | — | — |
| Enterprise Value | $603M | $644M | $1.0B | $836M | $1.3B | — | — |
| P/E Ratio → | 26.36 | 30.32 | 79.94 | 69.17 | — | — | — |
| P/S Ratio | 1.25 | 1.44 | 3.05 | 2.41 | 6.27 | — | — |
| P/B Ratio | 2.97 | 3.41 | 5.86 | 3.84 | 3.28 | — | — |
| P/FCF | 4.86 | 5.58 | 12.29 | 11.33 | 33.82 | — | — |
| P/OCF | 4.81 | 5.53 | 12.12 | 11.27 | 27.11 | — | — |
P/E links to full P/E history page with 30-year chart
EWCZ EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
European Wax Center, Inc.'s enterprise value stands at 8.9x EBITDA, 47% below its 5-year average of 16.7x. The Consumer Defensive sector median is 11.4x, placing the stock at a 23% discount on an enterprise-value basis.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 2.97 | 4.53 | 4.03 | 7.03 | — | — |
| EV / EBITDA | 8.86 | 9.46 | 15.40 | 13.82 | 27.97 | — | — |
| EV / EBIT | 12.62 | 15.20 | 22.51 | 20.95 | 51.54 | — | — |
| EV / FCF | — | 11.50 | 18.27 | 18.96 | 37.89 | — | — |
EWCZ Profitability
Margins and return-on-capital ratios measuring operating efficiency
European Wax Center, Inc. earns an operating margin of 22.0%, significantly above the Consumer Defensive sector average of 1.4%. Operating margins have expanded from 19.2% to 22.0% over the past 3 years, signaling improving operational efficiency. ROE of 10.1% is modest. ROIC of 8.3% 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 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Gross Margin | 73.6% | 73.6% | 71.7% | 71.4% | 73.8% | 65.7% | 73.5% |
| Operating Margin | 22.0% | 22.0% | 20.1% | 19.2% | 13.7% | -3.1% | 7.6% |
| Net Profit Margin | 4.8% | 4.8% | 3.9% | 3.5% | 3.9% | -20.8% | -15.8% |
Return on Capital
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| ROE | 10.1% | 10.1% | 7.1% | 3.1% | 2.1% | -6.8% | -7.8% |
| ROA | 1.5% | 1.5% | 1.2% | 1.1% | 1.1% | -3.6% | -4.2% |
| ROIC | 8.3% | 8.3% | 7.3% | 6.3% | 3.6% | -0.4% | — |
| ROCE | 7.0% | 7.0% | 6.4% | 6.3% | 4.2% | -0.6% | 2.1% |
EWCZ Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
European Wax Center, Inc. carries a Debt/EBITDA ratio of 5.6x, which is highly leveraged (64% above the sector average of 3.4x). Net debt stands at $331M ($381M total debt minus $50M cash). Interest coverage of just 1.9x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Debt / Equity | 4.16 | 4.16 | 3.31 | 2.92 | 0.52 | 0.83 | 0.72 |
| Debt / EBITDA | 5.60 | 5.60 | 5.85 | 6.29 | 3.97 | 16.22 | 8.28 |
| Net Debt / Equity | — | 3.61 | 2.85 | 2.58 | 0.40 | 0.72 | 0.68 |
| Net Debt / EBITDA | 4.87 | 4.87 | 5.04 | 5.56 | 3.01 | 13.98 | 7.90 |
| Debt / FCF | — | 5.91 | 5.98 | 7.62 | 4.07 | — | — |
| Interest Coverage | 1.87 | 1.87 | 1.67 | 1.69 | 1.21 | -0.18 | 0.75 |
EWCZ Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
European Wax Center, Inc.'s current ratio of 2.43x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The quick ratio of 1.90x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory. The current ratio has declined from 2.63x to 2.43x over the past 3 years.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Current Ratio | 2.43 | 2.43 | 2.52 | 2.63 | 2.36 | 3.08 | 1.40 |
| Quick Ratio | 1.90 | 1.90 | 1.98 | 1.93 | 1.75 | 2.42 | 0.67 |
| Cash Ratio | 1.38 | 1.38 | 1.39 | 1.35 | 1.35 | 1.99 | 0.34 |
| Asset Turnover | — | 0.31 | 0.30 | 0.29 | 0.29 | 0.17 | 0.27 |
| Inventory Turnover | 3.01 | 3.01 | 3.02 | 2.57 | 2.41 | 2.89 | 1.86 |
| Days Sales Outstanding | — | 12.26 | 15.28 | 12.20 | 13.60 | 17.90 | 16.07 |
EWCZ Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
European Wax Center, Inc. returns 15.1% to shareholders annually — split between a 0.3% dividend yield and 14.8% buyback yield. The payout ratio of 7.5% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 3.8% (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 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Dividend Yield | 0.3% | 0.3% | 0.4% | 41.1% | — | — | — |
| Payout Ratio | 7.5% | 7.5% | 32.7% | 2808.5% | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Earnings Yield | 3.8% | 3.3% | 1.3% | 1.4% | — | — | — |
| FCF Yield | 20.6% | 17.9% | 8.1% | 8.8% | 3.0% | — | — |
| Buyback Yield | 14.8% | 12.8% | 4.4% | 2.0% | 12.4% | — | — |
| Total Shareholder Yield | 15.1% | 13.1% | 4.9% | 43.1% | 12.4% | — | — |
| Shares Outstanding | — | $47M | $50M | $40M | $37M | $31M | $31M |
Peer Comparison
Compare EWCZ 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 |
|---|---|---|---|---|---|---|---|---|---|
 EWCZYou | $272M | 26.4 | 8.9 | 4.9 | 73.6% | 22.0% | 10.1% | 8.3% | 5.6 |
 FAT | $3M | -0.0 | — | — | 25.4% | -8.8% | — | -3.8% | — |
 SKIN | $121M | -5.8 | 7412.9 | 3.3 | 65.3% | -6.9% | -16.8% | -6.8% | 10519.4 |
 LFST | $3B | 368.0 | 34.8 | 25.9 | 28.5% | 1.8% | 0.7% | 1.2% | 2.4 |
 XPOF | $247M | -4.5 | 7.9 | 10.0 | 75.6% | 25.3% | — | 75.0% | 5.7 |
 REGN | $75B | 17.4 | 18.1 | 18.4 | 85.4% | 24.9% | 14.9% | 8.9% | 0.7 |
 SMRT | $229M | -3.7 | — | — | 32.7% | -24.7% | -23.2% | -19.6% | — |
 ULTA | $24B | 20.9 | 5.4 | 22.9 | 39.1% | 39.1% | 43.6% | 87.9% | 0.5 |
 EYE | $2B | 61.3 | 16.1 | 24.5 | 54.2% | 3.1% | 3.5% | 3.0% | 4.6 |
 EL | $31B | -27.5 | 21.2 | 46.7 | 73.9% | 6.7% | -24.7% | 6.5% | 5.3 |
 COTY | $2B | -6.0 | 9.6 | 8.4 | 64.8% | 4.1% | -9.0% | 2.3% | 6.4 |
| Consumer Defensive Median | — | 19.6 | 11.4 | 15.7 | 40.1% | 1.4% | 6.8% | 5.5% | 3.4 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 6 years · Updated daily
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Start ComparisonEWCZ — Frequently Asked Questions
Quick answers to the most common questions about buying EWCZ stock.
What is European Wax Center, Inc.'s P/E ratio?
European Wax Center, Inc.'s current P/E ratio is 26.4x. The historical average is 59.8x.
What is European Wax Center, Inc.'s EV/EBITDA?
European Wax Center, Inc.'s current EV/EBITDA is 8.9x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 16.7x.
What is European Wax Center, Inc.'s ROE?
European Wax Center, Inc.'s return on equity (ROE) is 10.1%. The historical average is 1.3%.
Is EWCZ stock overvalued?
Based on historical data, European Wax Center, Inc. is trading at a P/E of 26.4x. Compare with industry peers and growth rates for a complete picture.
What is European Wax Center, Inc.'s dividend yield?
European Wax Center, Inc.'s current dividend yield is 0.29% with a payout ratio of 7.5%.
What are European Wax Center, Inc.'s profit margins?
European Wax Center, Inc. has 73.6% gross margin and 22.0% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does European Wax Center, Inc. have?
European Wax Center, Inc.'s Debt/EBITDA ratio is 5.6x, indicating high leverage. A ratio above 4x may signal elevated financial risk.