Ingles Markets, Incorporated (IMKTA) Financial Ratios
30 years of historical data (1996–2025) · Consumer Defensive · Grocery Stores
EV/EBITDA
↑
7.64
↑+58% vs avg
5yr avg: 4.83
30Y Low3.5·High7.8
P/FCF
↑
41.94
↑+132% vs avg
5yr avg: 18.11
30Y Low3.3·High130.5
P/B Ratio
↓
1.03
-2% vs avg
5yr avg: 1.05
30Y Low0.8·High2.3
ROE
↓
5.3%
↑-67% vs avg
5yr avg: 16.0%
30Y Low2%·High28%
Debt/EBITDA
↑
2.26
↑+34% vs avg
5yr avg: 1.68
30Y Low0.6·High5.6
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
IMKTA Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Ingles Markets, Incorporated trades at 19.9x earnings, 113% above its 5-year average of 9.3x, sitting at the 93rd percentile of its historical range. Compared to the Consumer Defensive sector median P/E of 18.8x, the stock trades at a premium of 6%. On a free-cash-flow basis, the stock trades at 41.9x P/FCF, 132% above the 5-year average of 18.1x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $1.7B | $1.3B | $1.4B | $1.4B | $1.6B | $1.3B | $739M | $787M | $694M | $521M | $801M |
| Enterprise Value | $1.8B | $1.5B | $1.6B | $1.7B | $1.9B | $1.8B | $1.4B | $1.6B | $1.5B | $1.4B | $1.7B |
| P/E Ratio → | 19.87 | 15.62 | 13.37 | 6.79 | 5.69 | 5.14 | 4.14 | 9.64 | 7.12 | 9.66 | 14.81 |
| P/S Ratio | 0.31 | 0.24 | 0.25 | 0.24 | 0.27 | 0.26 | 0.16 | 0.19 | 0.17 | 0.13 | 0.21 |
| P/B Ratio | 1.03 | 0.81 | 0.91 | 0.98 | 1.23 | 1.31 | 0.90 | 1.19 | 1.17 | 1.02 | 1.70 |
| P/FCF | 41.94 | 32.96 | 27.34 | 15.42 | 7.06 | 7.75 | 3.25 | 15.82 | 64.53 | 18.18 | 37.45 |
| P/OCF | 10.78 | 8.47 | 5.38 | 5.37 | 4.58 | 4.19 | 2.11 | 3.72 | 4.30 | 3.33 | 5.04 |
P/E links to full P/E history page with 30-year chart
IMKTA EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Ingles Markets, Incorporated's enterprise value stands at 7.6x EBITDA, 58% above its 5-year average of 4.8x. The Consumer Defensive sector median is 11.0x, placing the stock at a 31% 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 | — | 0.28 | 0.29 | 0.29 | 0.33 | 0.37 | 0.30 | 0.38 | 0.38 | 0.34 | 0.44 |
| EV / EBITDA | 7.64 | 6.17 | 6.04 | 4.16 | 3.84 | 3.95 | 3.49 | 6.03 | 6.51 | 5.76 | 7.11 |
| EV / EBIT | 15.63 | 11.44 | 10.06 | 5.65 | 4.96 | 5.25 | 5.03 | 10.37 | 12.11 | 10.44 | 12.77 |
| EV / FCF | — | 37.44 | 31.43 | 18.29 | 8.63 | 11.14 | 6.10 | 32.11 | 144.04 | 47.99 | 78.17 |
IMKTA Profitability
Margins and return-on-capital ratios measuring operating efficiency
Ingles Markets, Incorporated earns an operating margin of 2.2%, roughly in line with the Consumer Defensive sector average. Operating margins have compressed from 5.0% to 2.2% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 5.3% is modest, trailing the sector median of 6.5%. ROIC of 5.0% represents below-average 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 | 23.9% | 23.9% | 23.0% | 23.8% | 24.9% | 26.1% | 26.0% | 24.3% | 23.9% | 24.1% | 24.4% |
| Operating Margin | 2.2% | 2.2% | 2.6% | 5.0% | 6.6% | 7.0% | 6.1% | 3.6% | 3.0% | 3.2% | 3.4% |
| Net Profit Margin | 1.6% | 1.6% | 1.9% | 3.6% | 4.8% | 5.0% | 3.9% | 1.9% | 2.4% | 1.3% | 1.4% |
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 | 5.3% | 5.3% | 7.0% | 15.5% | 24.3% | 27.7% | 24.1% | 13.0% | 17.6% | 11.0% | 12.1% |
| ROA | 3.3% | 3.3% | 4.2% | 8.8% | 12.6% | 12.7% | 9.5% | 4.4% | 5.5% | 3.2% | 3.2% |
| ROIC | 5.0% | 5.0% | 6.3% | 13.2% | 17.9% | 17.4% | 14.3% | 7.8% | 6.7% | 7.1% | 7.3% |
| ROCE | 5.3% | 5.3% | 6.8% | 14.2% | 20.5% | 21.3% | 17.6% | 9.6% | 8.2% | 8.7% | 9.0% |
IMKTA Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Ingles Markets, Incorporated carries a Debt/EBITDA ratio of 2.3x, which is manageable (35% below the sector average of 3.5x). Net debt stands at $177M ($544M total debt minus $366M cash). Interest coverage of 6.6x is adequate, though a cyclical earnings downturn could tighten the margin of safety.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.34 | 0.34 | 0.37 | 0.41 | 0.49 | 0.64 | 0.80 | 1.29 | 1.45 | 1.72 | 1.86 |
| Debt / EBITDA | 2.26 | 2.26 | 2.10 | 1.46 | 1.24 | 1.35 | 1.65 | 3.22 | 3.64 | 3.68 | 3.73 |
| Net Debt / Equity | — | 0.11 | 0.14 | 0.18 | 0.27 | 0.57 | 0.79 | 1.22 | 1.44 | 1.67 | 1.85 |
| Net Debt / EBITDA | 0.74 | 0.74 | 0.79 | 0.65 | 0.70 | 1.20 | 1.63 | 3.06 | 3.59 | 3.58 | 3.70 |
| Debt / FCF | — | 4.48 | 4.09 | 2.88 | 1.57 | 3.39 | 2.85 | 16.28 | 79.51 | 29.81 | 40.71 |
| Interest Coverage | 6.58 | 6.58 | 7.38 | 13.62 | 17.80 | 14.46 | 6.80 | 3.25 | 2.69 | 2.78 | 2.83 |
IMKTA Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Ingles Markets, Incorporated's current ratio of 3.22x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The quick ratio of 1.63x 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 2.88x to 3.22x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 3.22 | 3.22 | 2.89 | 2.88 | 2.51 | 1.88 | 1.45 | 2.01 | 1.91 | 1.82 | 1.73 |
| Quick Ratio | 1.63 | 1.63 | 1.45 | 1.39 | 1.14 | 0.61 | 0.32 | 0.50 | 0.48 | 0.39 | 0.31 |
| Cash Ratio | 1.21 | 1.21 | 1.10 | 0.99 | 0.80 | 0.25 | 0.02 | 0.17 | 0.04 | 0.10 | 0.02 |
| Asset Turnover | — | 2.08 | 2.23 | 2.38 | 2.47 | 2.47 | 2.43 | 2.25 | 2.24 | 2.31 | 2.25 |
| Inventory Turnover | 8.41 | 8.41 | 9.39 | 9.09 | 9.31 | 9.45 | 9.30 | 8.50 | 8.36 | 8.70 | 8.35 |
| Days Sales Outstanding | — | 7.28 | 5.07 | 6.66 | 6.24 | 6.96 | 6.44 | 6.25 | 6.25 | 6.05 | 5.94 |
IMKTA Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Ingles Markets, Incorporated returns 0.7% to shareholders annually primarily through dividends. The payout ratio of 14.7% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 5.0% (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 | 0.7% | 0.9% | 0.9% | 0.9% | 0.8% | 1.0% | 1.8% | 1.7% | 1.9% | 2.5% | 1.6% |
| Payout Ratio | 14.7% | 14.7% | 11.6% | 5.8% | 4.5% | 5.1% | 7.3% | 15.9% | 13.4% | 24.1% | 24.0% |
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 | 5.0% | 6.4% | 7.5% | 14.7% | 17.6% | 19.4% | 24.2% | 10.4% | 14.0% | 10.4% | 6.8% |
| FCF Yield | 2.4% | 3.0% | 3.7% | 6.5% | 14.2% | 12.9% | 30.8% | 6.3% | 1.5% | 5.5% | 2.7% |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 6.2% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 0.7% | 0.9% | 0.9% | 0.9% | 0.8% | 7.2% | 1.8% | 1.7% | 1.9% | 2.5% | 1.6% |
| Shares Outstanding | — | $19M | $19M | $19M | $19M | $20M | $20M | $20M | $20M | $20M | $20M |
Peer Comparison
Compare IMKTA 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 |
|---|---|---|---|---|---|---|---|---|---|
 IMKTAYou | $2B | 19.9 | 7.6 | 41.9 | 23.9% | 2.2% | 5.3% | 5.0% | 2.3 |
 VLGEA | $603M | 10.7 | 7.7 | 17.5 | 28.6% | 3.1% | 12.0% | 7.6% | 3.1 |
 CASY | $31B | 44.0 | 22.9 | 43.3 | 24.6% | 5.9% | 19.2% | 12.0% | 2.2 |
 PTLO | $307M | 15.8 | 16.0 | — | 39.4% | 7.0% | 3.9% | 3.0% | 12.4 |
 ANDE | $2B | 25.4 | 12.9 | — | 6.5% | 1.2% | 6.6% | 4.6% | 4.0 |
 KR | $35B | 36.8 | 9.7 | 10.4 | 23.3% | 1.3% | 14.3% | 5.0% | 4.2 |
 SFM | $8B | 15.2 | 9.3 | 16.2 | 37.1% | 7.8% | 38.4% | 17.8% | 2.0 |
 WMK | $2B | 21.0 | 8.6 | 393.6 | 22.7% | 2.1% | 6.7% | 5.4% | 0.8 |
 GO | $916M | -4.0 | — | 38.5 | 30.3% | -4.7% | -20.6% | -6.0% | — |
 PFGC | $16B | 47.5 | 15.8 | 23.1 | 11.7% | 1.3% | 7.9% | 5.7% | 5.2 |
 ACI | $7B | 8.2 | 5.1 | 9.2 | 27.7% | 1.9% | 31.3% | 6.8% | 3.5 |
| Consumer Defensive Median | — | 18.8 | 11.0 | 15.3 | 40.8% | 3.5% | 6.5% | 5.7% | 3.5 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 30 years · Updated daily
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IMKTA — Frequently Asked Questions
Quick answers to the most common questions about buying IMKTA stock.
What is Ingles Markets, Incorporated's P/E ratio?
Ingles Markets, Incorporated's current P/E ratio is 19.9x. The historical average is 14.2x. This places it at the 93th percentile of its historical range.
What is Ingles Markets, Incorporated's EV/EBITDA?
Ingles Markets, Incorporated's current EV/EBITDA is 7.6x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 6.2x.
What is Ingles Markets, Incorporated's ROE?
Ingles Markets, Incorporated's return on equity (ROE) is 5.3%. The historical average is 11.8%.
Is IMKTA stock overvalued?
Based on historical data, Ingles Markets, Incorporated is trading at a P/E of 19.9x. This is at the 93th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Ingles Markets, Incorporated's dividend yield?
Ingles Markets, Incorporated's current dividend yield is 0.74% with a payout ratio of 14.7%.
What are Ingles Markets, Incorporated's profit margins?
Ingles Markets, Incorporated has 23.9% gross margin and 2.2% operating margin.
How much debt does Ingles Markets, Incorporated have?
Ingles Markets, Incorporated's Debt/EBITDA ratio is 2.3x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.