Herbalife Nutrition Ltd. (HLF) Financial Ratios
23 years of historical data (2003–2025) · Consumer Defensive · Packaged Foods
EV/EBITDA
↓
5.76
↓-13% vs avg
5yr avg: 6.65
30Y Low4.3·High12.8
P/FCF
↓
4.97
↓-35% vs avg
5yr avg: 7.64
30Y Low4.2·High24.5
P/B Ratio
N/A
—
5yr avg: N/A
30Y Low5.9·High21.1
ROE
N/A
—
5yr avg: N/A
30Y Low-9%·High364%
Debt/EBITDA
↑
4.16
↓-9% vs avg
5yr avg: 4.58
30Y Low0.3·High5.9
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
HLF Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Herbalife Nutrition Ltd. trades at 5.5x earnings, 18% below its 5-year average of 6.8x, sitting at the 10th percentile of its historical range. Compared to the Consumer Defensive sector median P/E of 18.7x, the stock trades at a discount of 70%. On a free-cash-flow basis, the stock trades at 5.0x P/FCF, 35% below the 5-year average of 7.6x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $1.3B | $1.3B | $680M | $1.5B | $1.5B | $4.4B | $6.5B | $6.8B | $8.8B | $5.6B | $4.1B |
| Enterprise Value | $3.2B | $3.3B | $2.7B | $3.7B | $3.9B | $6.8B | $8.1B | $7.9B | $10.1B | $6.6B | $4.7B |
| P/E Ratio → | 5.51 | 5.86 | 2.68 | 10.75 | 4.61 | 9.91 | 17.35 | 21.67 | 29.77 | 26.25 | 15.94 |
| P/S Ratio | 0.25 | 0.27 | 0.14 | 0.30 | 0.28 | 0.76 | 1.17 | 1.38 | 1.80 | 1.27 | 0.92 |
| P/B Ratio | — | — | — | — | — | — | — | — | — | — | 21.11 |
| P/FCF | 4.97 | 5.28 | 4.16 | 6.87 | 7.55 | 14.35 | 12.51 | 19.21 | 15.61 | 11.33 | 18.51 |
| P/OCF | 3.77 | 4.01 | 2.38 | 4.28 | 4.20 | 9.63 | 10.28 | 14.75 | 13.59 | 9.50 | 11.28 |
P/E links to full P/E history page with 30-year chart
HLF EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Herbalife Nutrition Ltd.'s enterprise value stands at 5.8x EBITDA, 13% below its 5-year average of 6.6x. The Consumer Defensive sector median is 11.0x, placing the stock at a 48% discount 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 | — | 0.66 | 0.55 | 0.74 | 0.75 | 1.18 | 1.46 | 1.62 | 2.06 | 1.49 | 1.06 |
| EV / EBITDA | 5.76 | 5.90 | 5.39 | 7.93 | 5.90 | 8.12 | 10.92 | 11.90 | 12.85 | 9.21 | 8.53 |
| EV / EBIT | 7.35 | 7.52 | 7.05 | 10.09 | 6.90 | 9.58 | 12.45 | 13.63 | 14.74 | 10.70 | 11.08 |
| EV / FCF | — | 13.13 | 16.73 | 16.73 | 19.86 | 22.14 | 15.66 | 22.54 | 17.84 | 13.33 | 21.21 |
HLF Profitability
Margins and return-on-capital ratios measuring operating efficiency
Herbalife Nutrition Ltd. earns an operating margin of 8.8%, above the Consumer Defensive sector average of 3.4%. Operating margins have expanded from 7.0% to 8.8% over the past 3 years, signaling improving operational efficiency. ROIC of 24.3% represents excellent 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 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 75.6% | 75.6% | 77.9% | 76.5% | 77.4% | 78.6% | 79.2% | 80.4% | 81.2% | 80.8% | 81.0% |
| Operating Margin | 8.8% | 8.8% | 7.7% | 7.0% | 10.5% | 12.7% | 11.6% | 11.6% | 14.0% | 13.9% | 10.2% |
| Net Profit Margin | 4.5% | 4.5% | 5.1% | 2.8% | 6.2% | 7.7% | 6.7% | 6.4% | 6.1% | 4.8% | 5.8% |
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 | — | — | — | — | — | — | — | — | — | — | 364.1% |
| ROA | 8.3% | 8.3% | 9.2% | 5.1% | 11.6% | 15.2% | 12.9% | 11.4% | 10.4% | 7.8% | 10.3% |
| ROIC | 24.3% | 24.3% | 24.3% | 23.4% | 37.8% | 61.8% | 62.0% | 64.9% | 86.4% | 63.6% | 46.5% |
| ROCE | 27.0% | 27.0% | 25.5% | 21.7% | 31.2% | 39.8% | 35.0% | 39.0% | 42.8% | 32.8% | 28.4% |
HLF Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Herbalife Nutrition Ltd. carries a Debt/EBITDA ratio of 4.2x, which is highly leveraged (19% above the sector average of 3.5x). Net debt stands at $2.0B ($2.3B total debt minus $353M cash). Interest coverage of just 2.1x 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 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | — | — | — | — | — | — | — | — | — | — | 7.38 |
| Debt / EBITDA | 4.16 | 4.16 | 4.87 | 5.90 | 4.42 | 3.57 | 3.60 | 3.02 | 3.13 | 3.16 | 2.60 |
| Net Debt / Equity | — | — | — | — | — | — | — | — | — | — | 3.08 |
| Net Debt / EBITDA | 3.53 | 3.53 | 4.05 | 4.67 | 3.65 | 2.86 | 2.19 | 1.76 | 1.60 | 1.38 | 1.09 |
| Debt / FCF | — | 7.85 | 12.57 | 9.86 | 12.31 | 7.79 | 3.15 | 3.33 | 2.22 | 2.00 | 2.70 |
| Interest Coverage | 2.06 | 2.06 | 1.78 | 2.22 | 4.05 | 4.66 | 4.88 | 3.80 | 3.77 | 3.84 | 4.31 |
HLF Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.13x means Herbalife Nutrition Ltd. can comfortably meet its short-term obligations, though there is limited excess liquidity. The quick ratio of 0.62x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.13 | 1.13 | 0.93 | 1.10 | 1.39 | 1.33 | 1.58 | 1.54 | 1.14 | 2.05 | 1.85 |
| Quick Ratio | 0.62 | 0.62 | 0.54 | 0.70 | 0.79 | 0.79 | 1.13 | 1.09 | 0.90 | 1.68 | 1.38 |
| Cash Ratio | 0.35 | 0.35 | 0.34 | 0.45 | 0.52 | 0.56 | 0.93 | 0.87 | 0.75 | 1.41 | 1.07 |
| Asset Turnover | — | 1.81 | 1.83 | 1.80 | 1.90 | 2.06 | 1.80 | 1.82 | 1.75 | 1.53 | 1.75 |
| Inventory Turnover | 2.40 | 2.40 | 2.32 | 2.36 | 2.02 | 2.15 | 2.29 | 2.20 | 2.41 | 2.49 | 2.30 |
| Days Sales Outstanding | — | 6.66 | 5.04 | 5.85 | 4.95 | 4.21 | 5.49 | 5.96 | 5.26 | 7.69 | 5.72 |
HLF Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Herbalife Nutrition Ltd. returns 0.7% to shareholders annually primarily through share buybacks. The earnings yield of 18.1% (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 | 18.1% | 17.1% | 37.4% | 9.3% | 21.7% | 10.1% | 5.8% | 4.6% | 3.4% | 3.8% | 6.3% |
| FCF Yield | 20.1% | 18.9% | 24.0% | 14.6% | 13.2% | 7.0% | 8.0% | 5.2% | 6.4% | 8.8% | 5.4% |
| Buyback Yield | 0.7% | 0.6% | 1.2% | 0.7% | 9.9% | 22.8% | 14.3% | 0.2% | 8.5% | 15.0% | 0.3% |
| Total Shareholder Yield | 0.7% | 0.6% | 1.2% | 0.7% | 9.9% | 22.8% | 14.3% | 0.2% | 8.5% | 15.0% | 0.3% |
| Shares Outstanding | — | $104M | $102M | $100M | $100M | $108M | $135M | $142M | $150M | $166M | $172M |
Peer Comparison
Compare HLF 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 |
|---|---|---|---|---|---|---|---|---|---|
 HLFYou | $1B | 5.5 | 5.8 | 5.0 | 75.6% | 8.8% | — | 24.3% | 4.2 |
 NUS | $243M | 1.6 | 2.6 | 5.3 | 69.4% | 6.1% | 22.0% | 7.3% | 2.5 |
 USNA | $349M | 32.6 | 2.3 | 40.9 | 78.3% | 5.5% | 1.8% | 8.6% | 0.2 |
 NATR | $359M | 19.2 | 7.4 | 12.4 | 72.4% | 5.2% | 12.1% | 21.0% | 0.5 |
 MGPI | $347M | -3.3 | — | 4.6 | 37.2% | -17.6% | -13.9% | -6.7% | — |
 RVLV | $1B | 24.2 | 15.5 | 30.9 | 53.5% | 6.1% | 13.0% | 23.5% | 0.4 |
 WW | $184M | 0.2 | 4.3 | — | 71.8% | 6.5% | 332.0% | 7.4% | 4.1 |
 SMPL | $1B | 11.6 | 5.7 | 7.5 | 35.1% | 15.1% | 5.9% | 8.1% | 1.3 |
 PLNT | $4B | 19.5 | 7.5 | 15.9 | 82.6% | 29.8% | — | 35.2% | 0.8 |
 VITL | $432M | 7.0 | 4.2 | — | 37.6% | 11.6% | 21.4% | 26.9% | 0.5 |
 BYFC | $89M | -3.0 | — | — | 51.9% | -38.8% | -9.0% | -3.7% | — |
| Consumer Defensive Median | — | 18.7 | 11.0 | 15.6 | 40.7% | 3.4% | 6.5% | 5.7% | 3.5 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 23 years · Updated daily
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HLF — Frequently Asked Questions
Quick answers to the most common questions about buying HLF stock.
What is Herbalife Nutrition Ltd.'s P/E ratio?
Herbalife Nutrition Ltd.'s current P/E ratio is 5.5x. The historical average is 14.5x. This places it at the 10th percentile of its historical range.
What is Herbalife Nutrition Ltd.'s EV/EBITDA?
Herbalife Nutrition Ltd.'s current EV/EBITDA is 5.8x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 8.4x.
Is HLF stock overvalued?
Based on historical data, Herbalife Nutrition Ltd. is trading at a P/E of 5.5x. This is at the 10th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What are Herbalife Nutrition Ltd.'s profit margins?
Herbalife Nutrition Ltd. has 75.6% gross margin and 8.8% operating margin.
How much debt does Herbalife Nutrition Ltd. have?
Herbalife Nutrition Ltd.'s Debt/EBITDA ratio is 4.2x, indicating high leverage. A ratio above 4x may signal elevated financial risk.