European Wax Center, Inc. (EWCZ) Financial Ratios
7 years of historical data (2019–2025) · Consumer Defensive · Household & Personal Products
EV/EBITDA
↓
9.84
↓-32% vs avg
5yr avg: 14.48
30Y Low7.2·High27.1
P/FCF
↓
6.37
↓-50% vs avg
5yr avg: 12.83
30Y Low3.0·High32.6
P/B Ratio
↓
2.41
↓-31% vs avg
5yr avg: 3.48
30Y Low1.4·High5.6
ROE
↑
8.8%
↓+41% vs avg
5yr avg: 6.3%
30Y Low-8%·High10%
Debt/EBITDA
↑
6.02
+9% vs avg
5yr avg: 5.54
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 29.1x earnings, 40% below its 5-year average of 48.1x, sitting at the 25th percentile of its historical range. Compared to the Consumer Defensive sector median P/E of 18.8x, the stock trades at a premium of 55%. On a free-cash-flow basis, the stock trades at 6.4x P/FCF, 50% below the 5-year average of 12.8x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Market Cap | $319M | $150M | $306M | $645M | $500M | $1.1B | — | — |
| Enterprise Value | $625M | $456M | $637M | $972M | $836M | $1.2B | — | — |
| P/E Ratio → | 29.10 | 17.20 | 29.68 | 76.47 | 69.17 | — | — | — |
| P/S Ratio | 1.54 | 0.72 | 1.41 | 2.92 | 2.41 | 6.05 | — | — |
| P/B Ratio | 2.41 | 1.43 | 3.34 | 5.61 | 3.84 | 3.17 | — | — |
| P/FCF | 6.37 | 2.99 | 5.47 | 11.76 | 11.33 | 32.59 | — | — |
| P/OCF | 6.02 | 2.82 | 5.42 | 11.59 | 11.27 | 26.13 | — | — |
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 9.8x EBITDA, 32% below its 5-year average of 14.5x. The Consumer Defensive sector median is 11.0x, placing the stock at a 11% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 2.21 | 2.94 | 4.40 | 4.03 | 6.80 | — | — |
| EV / EBITDA | 9.84 | 7.17 | 9.36 | 14.95 | 13.82 | 27.07 | — | — |
| EV / EBIT | 14.50 | 10.62 | 15.04 | 21.86 | 20.95 | 49.87 | — | — |
| EV / FCF | — | 9.10 | 11.38 | 17.74 | 18.96 | 36.67 | — | — |
EWCZ Profitability
Margins and return-on-capital ratios measuring operating efficiency
European Wax Center, Inc. earns an operating margin of 20.9%, significantly above the Consumer Defensive sector average of 3.5%. ROE of 8.8% is modest. ROIC of 7.8% represents adequate returns on invested capital versus a sector median of 5.7%.
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 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 73.9% | 73.9% | 73.6% | 71.7% | 71.4% | 73.8% | 65.7% | 73.5% |
| Operating Margin | 20.9% | 20.9% | 22.0% | 20.1% | 19.2% | 13.7% | -3.1% | 7.6% |
| Net Profit Margin | 4.2% | 4.2% | 4.8% | 3.9% | 3.5% | 3.9% | -20.8% | -15.8% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| ROE | 8.8% | 8.8% | 10.1% | 7.1% | 3.1% | 2.1% | -6.8% | -7.8% |
| ROA | 1.2% | 1.2% | 1.5% | 1.2% | 1.1% | 1.1% | -3.6% | -4.2% |
| ROIC | 7.8% | 7.8% | 8.3% | 7.3% | 6.3% | 3.6% | -0.4% | — |
| ROCE | 6.4% | 6.4% | 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 6.0x, which is highly leveraged (72% above the sector average of 3.5x). Net debt stands at $306M ($382M total debt minus $76M cash). Interest coverage of just 1.6x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 3.65 | 3.65 | 4.16 | 3.31 | 2.92 | 0.52 | 0.83 | 0.72 |
| Debt / EBITDA | 6.02 | 6.02 | 5.60 | 5.85 | 6.29 | 3.97 | 16.22 | 8.28 |
| Net Debt / Equity | — | 2.92 | 3.61 | 2.85 | 2.58 | 0.40 | 0.72 | 0.68 |
| Net Debt / EBITDA | 4.82 | 4.82 | 4.87 | 5.04 | 5.56 | 3.01 | 13.98 | 7.90 |
| Debt / FCF | — | 6.11 | 5.91 | 5.98 | 7.62 | 4.07 | — | — |
| Interest Coverage | 1.63 | 1.63 | 1.66 | 1.67 | 1.69 | 1.20 | -0.12 | 0.75 |
EWCZ Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
European Wax Center, Inc.'s current ratio of 2.70x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The quick ratio of 2.29x 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 2.52x to 2.70x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.70 | 2.70 | 2.43 | 2.52 | 2.63 | 2.36 | 3.08 | 1.40 |
| Quick Ratio | 2.29 | 2.29 | 1.90 | 1.98 | 1.93 | 1.75 | 2.42 | 0.67 |
| Cash Ratio | 1.76 | 1.76 | 1.38 | 1.39 | 1.35 | 1.35 | 1.99 | 0.34 |
| Asset Turnover | — | 0.28 | 0.31 | 0.30 | 0.29 | 0.29 | 0.17 | 0.27 |
| Inventory Turnover | 3.03 | 3.03 | 3.01 | 3.02 | 2.57 | 2.41 | 2.89 | 1.86 |
| Days Sales Outstanding | — | 19.36 | 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 1.9% to shareholders annually — split between a 0.0% dividend yield and 1.9% buyback yield. The payout ratio of 0.1% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 3.4% (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 |
|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 0.0% | 0.0% | 0.3% | 0.4% | 41.1% | — | — | — |
| Payout Ratio | 0.1% | 0.1% | 7.5% | 32.7% | 2808.5% | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 3.4% | 5.8% | 3.4% | 1.3% | 1.4% | — | — | — |
| FCF Yield | 15.7% | 33.5% | 18.3% | 8.5% | 8.8% | 3.1% | — | — |
| Buyback Yield | 1.9% | 4.1% | 13.1% | 4.6% | 2.0% | 12.9% | — | — |
| Total Shareholder Yield | 1.9% | 4.1% | 13.4% | 5.1% | 43.1% | 12.9% | — | — |
| Shares Outstanding | — | $43M | $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 | $319M | 29.1 | 9.8 | 6.4 | 73.9% | 20.9% | 8.8% | 7.8% | 6.0 |
 FAT | $3M | -0.0 | — | — | 25.4% | -8.8% | — | -3.8% | — |
 SKIN | $86M | -4.1 | 51.0 | 2.3 | 65.3% | -6.9% | -16.9% | -6.8% | 83.3 |
 LFST | $3B | 449.0 | 42.6 | 31.7 | 28.5% | 1.8% | 0.7% | 1.2% | 2.4 |
 XPOF | $255M | -4.6 | 8.1 | 10.3 | 75.6% | 25.3% | — | 69.7% | 5.7 |
 REGN | $63B | 14.7 | 15.3 | 15.5 | 85.4% | 24.9% | 14.9% | 8.9% | 0.7 |
 SMRT | $218M | -3.5 | — | — | 32.7% | -24.7% | -23.2% | -19.6% | — |
 ULTA | $20B | 17.8 | 11.6 | 18.4 | 39.1% | 12.5% | 43.6% | 28.1% | 1.2 |
 EYE | $1B | 45.4 | 13.1 | 18.3 | 54.2% | 3.1% | 3.5% | 3.0% | 4.6 |
 EL | $31B | -26.9 | 20.8 | 45.7 | 73.9% | 6.7% | -24.7% | 6.5% | 5.3 |
 COTY | $2B | -4.4 | 8.6 | 6.2 | 64.8% | 4.1% | -9.0% | 2.3% | 6.4 |
| Consumer Defensive Median | — | 18.8 | 11.0 | 15.3 | 40.8% | 3.5% | 6.5% | 5.7% | 3.5 |
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Download Financial Ratios Data
Includes 30+ ratios · 7 years · Updated daily
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EWCZ — 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 29.1x. The historical average is 48.1x. This places it at the 25th percentile of its historical range.
What is European Wax Center, Inc.'s EV/EBITDA?
European Wax Center, Inc.'s current EV/EBITDA is 9.8x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 14.5x.
What is European Wax Center, Inc.'s ROE?
European Wax Center, Inc.'s return on equity (ROE) is 8.8%. The historical average is 2.4%.
Is EWCZ stock overvalued?
Based on historical data, European Wax Center, Inc. is trading at a P/E of 29.1x. This is at the 25th percentile of its historical P/E range. 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 0.00% with a payout ratio of 0.1%.
What are European Wax Center, Inc.'s profit margins?
European Wax Center, Inc. has 73.9% gross margin and 20.9% 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 6.0x, indicating high leverage. A ratio above 4x may signal elevated financial risk.