Latest Ratios: P/E Ratio 23.1x · EV/EBITDA 12.2x · ROE 6.4%. (1996–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $456M | $384M | $373M | $595M | $509M | $567M | $524M | $407M | $400M | $489M | $518M |
| Enterprise Value | $547M | $475M | $471M | $693M | $608M | $631M | $557M | $510M | $379M | $464M | $510M |
| P/E Ratio → | 23.11 | 19.63 | 18.71 | 10.57 | 5.71 | 6.24 | 8.87 | 18.67 | 13.23 | 23.11 | 18.23 |
| P/S Ratio | 0.60 | 0.51 | 0.52 | 0.69 | 0.49 | 0.56 | 0.70 | 0.51 | 0.49 | 0.60 | 0.63 |
| P/B Ratio | 1.47 | 1.25 | 1.21 | 1.93 | 1.76 | 2.21 | 2.07 | 1.56 | 1.46 | 1.66 | 1.84 |
| P/FCF | 13.82 | 11.64 | 13.90 | 13.51 | 22.54 | 8.98 | 4.39 | 8.73 | 8.18 | 17.48 | 17.14 |
| P/OCF | 8.65 | 7.29 | 6.33 | 6.13 | 9.99 | 5.83 | 4.02 | 6.42 | 5.68 | 9.33 | 8.62 |
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 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.63 | 0.65 | 0.80 | 0.58 | 0.62 | 0.75 | 0.64 | 0.46 | 0.57 | 0.62 |
| EV / EBITDA | 12.15 | 10.55 | 11.36 | 8.06 | 4.51 | 4.69 | 9.30 | 10.71 | 5.30 | 6.41 | 6.98 |
| EV / EBIT | 25.82 | 17.69 | 18.01 | 9.53 | 5.08 | 5.32 | 13.37 | 18.87 | 9.10 | 11.06 | 11.60 |
| EV / FCF | — | 14.40 | 17.57 | 15.71 | 26.88 | 9.99 | 4.67 | 10.95 | 7.75 | 16.59 | 16.87 |
Margins and return-on-capital ratios measuring operating efficiency
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 | 60.7% | 60.7% | 60.7% | 60.7% | 57.7% | 56.7% | 56.0% | 54.2% | 54.6% | 54.3% | 54.0% |
| Operating Margin | 2.8% | 2.8% | 2.7% | 7.8% | 11.3% | 11.7% | 5.6% | 3.4% | 5.1% | 5.1% | 5.3% |
| Net Profit Margin | 2.6% | 2.6% | 2.8% | 6.5% | 8.5% | 9.0% | 7.9% | 2.7% | 3.7% | 2.6% | 3.5% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 6.4% | 6.4% | 6.5% | 18.8% | 32.8% | 35.7% | 23.0% | 8.2% | 10.7% | 7.3% | 9.7% |
| ROA | 3.0% | 3.0% | 3.1% | 8.6% | 13.4% | 13.3% | 9.5% | 4.4% | 6.7% | 4.6% | 6.1% |
| ROIC | 3.9% | 3.9% | 3.7% | 12.7% | 25.0% | 29.3% | 9.6% | 6.6% | 12.0% | 11.6% | 11.8% |
| ROCE | 4.1% | 4.1% | 3.8% | 13.3% | 24.3% | 24.9% | 9.2% | 6.9% | 11.5% | 11.5% | 11.9% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.70 | 0.70 | 0.71 | 0.71 | 0.76 | 0.90 | 0.92 | 0.69 | 0.18 | 0.19 | 0.20 |
| Debt / EBITDA | 4.81 | 4.81 | 5.27 | 2.54 | 1.64 | 1.71 | 3.90 | 3.76 | 0.71 | 0.75 | 0.76 |
| Net Debt / Equity | — | 0.30 | 0.32 | 0.31 | 0.34 | 0.25 | 0.13 | 0.40 | -0.08 | -0.08 | -0.03 |
| Net Debt / EBITDA | 2.02 | 2.02 | 2.37 | 1.13 | 0.73 | 0.48 | 0.56 | 2.17 | -0.29 | -0.34 | -0.11 |
| Debt / FCF | — | 2.76 | 3.67 | 2.20 | 4.34 | 1.02 | 0.28 | 2.22 | -0.42 | -0.89 | -0.26 |
| Interest Coverage | — | — | — | — | — | — | — | — | 17.01 | 16.71 | 17.11 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.87 | 1.87 | 1.82 | 1.82 | 1.79 | 1.47 | 1.55 | 1.61 | 2.29 | 2.35 | 2.02 |
| Quick Ratio | 1.15 | 1.15 | 1.18 | 1.14 | 1.02 | 0.94 | 1.11 | 0.78 | 1.09 | 1.20 | 0.96 |
| Cash Ratio | 0.94 | 0.94 | 0.91 | 0.87 | 0.80 | 0.79 | 0.98 | 0.60 | 0.81 | 0.89 | 0.66 |
| Asset Turnover | — | 1.17 | 1.11 | 1.32 | 1.61 | 1.48 | 1.10 | 1.43 | 1.86 | 1.78 | 1.81 |
| Inventory Turnover | 3.10 | 3.10 | 3.40 | 3.61 | 3.74 | 3.91 | 3.66 | 3.51 | 3.51 | 3.62 | 3.71 |
| Days Sales Outstanding | — | — | — | — | — | — | — | 0.69 | 0.82 | 1.07 | 1.89 |
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 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 4.6% | 5.4% | 5.5% | 5.9% | 6.7% | 9.3% | 9.6% | 3.7% | 8.9% | 2.3% | 5.9% |
| Payout Ratio | 105.6% | 105.6% | 102.6% | 62.6% | 38.0% | 57.8% | 85.4% | 68.9% | 117.0% | 54.1% | 107.2% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 4.3% | 5.1% | 5.3% | 9.5% | 17.5% | 16.0% | 11.3% | 5.4% | 7.6% | 4.3% | 5.5% |
| FCF Yield | 7.2% | 8.6% | 7.2% | 7.4% | 4.4% | 11.1% | 22.8% | 11.4% | 12.2% | 5.7% | 5.8% |
| Buyback Yield | 1.0% | 1.2% | 1.3% | 1.2% | 5.9% | 7.4% | 3.8% | 7.3% | 4.7% | 0.3% | 4.1% |
| Total Shareholder Yield | 5.7% | 6.7% | 6.8% | 7.1% | 12.6% | 16.6% | 13.4% | 11.0% | 13.6% | 2.6% | 10.0% |
| Shares Outstanding | — | $16M | $17M | $17M | $17M | $19M | $19M | $20M | $21M | $22M | $22M |
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying HVT stock.
Haverty Furniture Companies, Inc.'s current P/E ratio is 23.1x. The historical average is 21.1x. This places it at the 82th percentile of its historical range.
Haverty Furniture Companies, Inc.'s current EV/EBITDA is 12.2x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 9.0x.
Haverty Furniture Companies, Inc.'s return on equity (ROE) is 6.4%. The historical average is 10.1%.
Based on historical data, Haverty Furniture Companies, Inc. is trading at a P/E of 23.1x. This is at the 82th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Haverty Furniture Companies, Inc.'s current dividend yield is 4.61% with a payout ratio of 105.6%.
Haverty Furniture Companies, Inc. has 60.7% gross margin and 2.8% operating margin.
Haverty Furniture Companies, Inc.'s Debt/EBITDA ratio is 4.8x, indicating high leverage. A ratio above 4x may signal elevated financial risk.
Key Metrics
Top Statement Risk
Operating margin below cost of capital
Metrics are mathematically derived from official filings.
Valuation Premium vs. Peer Efficiency Gap
HVT's P/E of 23.39 and EV/EBITDA of 12.27 represent a significant premium to direct furniture peers like LOVE (52.46 P/E, 14.86 EV/EBITDA) and FLXS (13.49 P/E, 9.10 EV/EBITDA), yet its ROIC of 1.2% and Net Margin of 2.7% are drastically lower, according to recent financial data.
The valuation appears disconnected from the company's fundamental return profile. A forward EV/EBITDA of 8.91 implies a more reasonable market expectation, but the current multiples seem to price in a profitability recovery that is not yet evident in the ROIC trend, which has remained below 2% for the entire period. This gap suggests the market may be valuing HVT's asset base or dividend yield rather than its current earning power.
Structurally Thin Margins Amidst Revenue Recovery
Despite revenue growth accelerating to 7.7% year-over-year, HVT's operating margin was only 3.3% in 2026Q2, and the company's SG&A expense of $113.2M consumed 94.5% of its gross profit, demonstrating severe profitability strain, as reported in recent filings.
The gross margin of ~61% is robust and appears to be a structural strength relative to peers, but it is almost entirely offset by a high-fixed-cost SG&A structure. The recent expansion in operating margin from 1.5% in 2025Q2 to 3.3% is positive but incremental, suggesting limited operating leverage as revenue scales. For HVT to generate returns above its cost of capital, a significant and sustained reduction in SG&A as a percentage of sales is required.
Persistent Value Decay on Invested Capital
Over the last ten quarters, HVT's ROIC has averaged just 1.0%, and its ROE averaged 1.1%, signaling a severe and chronic inability to generate returns that exceed its cost of capital, based on the reported financial ratios.
The ROIC and ROE are not only low but also show no meaningful upward trend, remaining in a tight, sub-2% range even as revenue growth has re-accelerated. This indicates that the core business model is not effectively translating sales growth into shareholder value creation on an economic basis. The primary driver appears to be the structurally low net profit margin, which caps the return potential of the asset base.
Eroding Liquidity Cushion Needs Monitoring
HVT's quick ratio has deteriorated to 0.97 in 2026Q2 from 1.18 in 2024Q3, and its cash balance has declined to $104.3M, indicating a reduction in immediate liquidity buffer, according to recent SEC filings.
The decline in the quick ratio below 1.0 for the first time in the period suggests that liquid assets are no longer sufficient to cover current liabilities without relying on inventory sales. While the current ratio of 1.69 remains adequate, the trend warrants investor attention. The company's liquidity position appears sufficient for normal operations but may offer limited flexibility in a severe downturn or for opportunistic capital deployment.
Misapplied Ratio: Return on Equity
ROE is the ratio most commonly misapplied to HVT's business model, as it is inflated by moderate financial leverage (D/E of 0.78) and obscures the fundamental lack of profitability, according to the reported data.
An analyst might see an ROE of 1.8% and assume it is simply low, but the real issue is that it is built on a negative foundation: a net margin of 2.7% and an asset turnover of only 0.30. The ROE is misleading because it doesn't convey that the company is barely covering its interest expenses and generating minimal economic profit. A more appropriate metric for assessing core operational efficacy is ROIC, which at 1.2% clearly shows the business is not earning its cost of capital, regardless of its leverage structure.