Latest Ratios: P/E Ratio 66.1x · EV/EBITDA 8.0x · ROE 2.3%. (1988–2025 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 | $366M | $551M | $394M | $303M | $299M | $617M | $902M | $377M | $582M | $539M | $492M |
| Enterprise Value | $594M | $779M | $640M | $556M | $633M | $875M | $1.2B | $735M | $871M | $830M | $768M |
| P/E Ratio → | 66.06 | 98.67 | 62.25 | — | — | 18.52 | 83.67 | 19.42 | 49.72 | 19.09 | — |
| P/S Ratio | 0.27 | 0.41 | 0.29 | 0.21 | 0.19 | 0.38 | 0.63 | 0.26 | 0.40 | 0.38 | 0.37 |
| P/B Ratio | 1.51 | 2.26 | 1.65 | 1.25 | 0.79 | 1.52 | 2.44 | 1.08 | 1.80 | 1.76 | 1.81 |
| P/FCF | 17.92 | 27.02 | 25.64 | 3.17 | — | 13.62 | 14.66 | — | 173.90 | — | — |
| P/OCF | 7.37 | 11.11 | 7.42 | 2.32 | — | 8.75 | 9.84 | 13.81 | 12.08 | 18.97 | 20.75 |
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 | — | 0.58 | 0.47 | 0.38 | 0.41 | 0.53 | 0.84 | 0.51 | 0.60 | 0.59 | 0.58 |
| EV / EBITDA | 7.98 | 10.47 | 7.56 | — | 9.98 | 7.36 | 15.29 | 9.60 | 12.42 | 15.37 | — |
| EV / EBIT | 13.41 | 17.61 | 12.57 | — | 25.24 | 10.97 | 29.75 | 16.18 | 20.45 | 28.54 | — |
| EV / FCF | — | 38.21 | 41.66 | 5.81 | — | 19.31 | 19.52 | — | 260.23 | — | — |
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 | 46.4% | 46.4% | 47.9% | 42.5% | 38.2% | 42.2% | 42.4% | 42.9% | 42.4% | 42.5% | 43.2% |
| Operating Margin | 3.3% | 3.3% | 3.7% | -5.3% | 1.6% | 4.9% | 2.9% | 3.1% | 2.9% | 2.1% | -11.4% |
| Net Profit Margin | 0.4% | 0.4% | 0.5% | -8.9% | -0.8% | 2.0% | 0.8% | 1.3% | 0.8% | 2.0% | -8.2% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 2.3% | 2.3% | 2.6% | -42.0% | -3.2% | 8.6% | 3.0% | 5.7% | 3.7% | 9.7% | -33.5% |
| ROA | 0.7% | 0.7% | 0.8% | -13.8% | -1.2% | 3.2% | 1.0% | 1.7% | 1.0% | 2.5% | -9.1% |
| ROIC | 6.9% | 6.9% | 7.8% | -9.6% | 2.7% | 9.0% | 4.5% | 5.2% | 5.3% | 3.8% | -19.0% |
| ROCE | 8.3% | 8.3% | 9.4% | -11.6% | 3.3% | 11.0% | 5.3% | 5.3% | 4.9% | 3.4% | -15.9% |
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 | 1.01 | 1.01 | 1.10 | 1.15 | 0.98 | 0.72 | 0.90 | 1.25 | 1.50 | 1.58 | 1.81 |
| Debt / EBITDA | 3.30 | 3.30 | 3.10 | — | 5.89 | 2.46 | 4.24 | 5.69 | 6.88 | 9.01 | — |
| Net Debt / Equity | — | 0.93 | 1.03 | 1.05 | 0.88 | 0.63 | 0.81 | 1.03 | 0.90 | 0.95 | 1.02 |
| Net Debt / EBITDA | 3.07 | 3.07 | 2.91 | — | 5.27 | 2.17 | 3.80 | 4.68 | 4.12 | 5.38 | — |
| Debt / FCF | — | 11.19 | 16.02 | 2.64 | — | 5.69 | 4.86 | — | 86.33 | — | — |
| Interest Coverage | 1.21 | 1.21 | 1.26 | -1.73 | 0.63 | 2.32 | 1.45 | 1.75 | 1.47 | 1.12 | -6.26 |
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 | 1.61 | 1.61 | 1.63 | 1.58 | 1.87 | 1.63 | 1.57 | 1.92 | 2.44 | 2.37 | 2.44 |
| Quick Ratio | 0.41 | 0.41 | 0.46 | 0.42 | 0.44 | 0.39 | 0.36 | 0.60 | 1.10 | 1.07 | 1.13 |
| Cash Ratio | 0.08 | 0.08 | 0.07 | 0.10 | 0.13 | 0.11 | 0.11 | 0.27 | 0.80 | 0.76 | 0.86 |
| Asset Turnover | — | 1.78 | 1.78 | 1.81 | 1.44 | 1.58 | 1.37 | 1.30 | 1.31 | 1.25 | 1.20 |
| Inventory Turnover | 2.66 | 2.66 | 2.68 | 2.81 | 2.26 | 2.46 | 2.15 | 2.20 | 2.60 | 2.44 | 2.33 |
| Days Sales Outstanding | — | 11.28 | 12.81 | 8.75 | 10.54 | 11.08 | 9.61 | 12.82 | 8.69 | 12.94 | 10.73 |
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 | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 1.5% | 1.0% | 1.6% | — | — | 5.4% | 1.2% | 5.2% | 2.0% | 5.2% | — |
| FCF Yield | 5.6% | 3.7% | 3.9% | 31.6% | — | 7.3% | 6.8% | — | 0.6% | — | — |
| Buyback Yield | 1.2% | 0.8% | 2.9% | 3.9% | 2.8% | 0.8% | 0.1% | 0.2% | 0.1% | 0.1% | 0.1% |
| Total Shareholder Yield | 1.2% | 0.8% | 2.9% | 3.9% | 2.8% | 0.8% | 0.1% | 0.2% | 0.1% | 0.1% | 0.1% |
| Shares Outstanding | — | $31M | $32M | $32M | $33M | $34M | $33M | $32M | $33M | $32M | $32M |
Liquidity and solvency constraints
Based on reported figures, the TTM P/E of 66.06 appears disconnected from the company's stagnant growth, suggesting that investors are pricing in a potential recovery rather than current earnings power, as evidenced by the significantly lower forward P/E of 15.92 compared to historical trailing multiples.
The wide gap between trailing and forward P/E ratios indicates that the market is heavily discounting current volatility in favor of anticipated operational improvements. Investors should monitor whether this forward-looking valuation is supported by actual margin expansion, as the current P/S of 0.27 suggests the market remains skeptical of the firm's long-term revenue trajectory.
As reported in financial statements, ROIC has fluctuated significantly from a low of -0.4% in 2025Q1 to a peak of 7.7% in 2024Q4, highlighting a fundamental inability to consistently compound capital, which appears to be driven by erratic operating margins rather than structural efficiency gains.
The inconsistency in returns on invested capital suggests that the company's capital allocation is reactive to seasonal inventory cycles rather than strategic growth. This volatility warrants further investigation into whether the firm can achieve a sustainable ROIC above its cost of capital, which currently appears unlikely given the persistent pressure on operating margins.
According to recent SEC filings, the cash conversion cycle remains highly unstable, peaking at 134 days in 2026Q1, which reflects a structural reliance on inventory accumulation that significantly ties up capital and limits the company's ability to respond to shifting consumer demand patterns.
The high DIO, which reached 203 days in 2026Q1, suggests that inventory management is a primary bottleneck for cash flow generation. This inefficiency forces the company to rely on external financing to bridge seasonal gaps, leaving it vulnerable to credit market conditions and interest rate fluctuations.
Based on the provided balance sheet data, the quick ratio has consistently hovered near 0.40, indicating that the company is heavily dependent on inventory liquidation to meet short-term obligations, which poses a significant risk during periods of softening consumer demand or unexpected supply chain disruptions.
With cash and equivalents at only $17.7 million, the company lacks the liquidity buffer necessary to navigate a prolonged downturn or fund a meaningful strategic pivot. Investors should monitor the current ratio closely, as any further deterioration could signal an increased reliance on high-cost debt to maintain basic operations.
The P/E ratio is frequently misapplied to this business model, as it obscures the massive volatility in net income caused by non-recurring items and seasonal inventory adjustments, which makes the metric a poor proxy for the company's underlying cash-generating capability and true operational health.
Analysts should instead focus on EV/EBITDA or P/FCF, as these metrics better account for the company's capital structure and the cash-intensive nature of its uni-channel retail model. Relying on P/E in this context risks misinterpreting accounting noise as a signal of fundamental value, potentially leading to an overestimation of the firm's earnings stability.
Includes 30+ ratios · 28 years · Updated daily
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Quick answers to the most common questions about buying LE stock.
Lands' End, Inc.'s current P/E ratio is 66.1x. The historical average is 45.8x. This places it at the 75th percentile of its historical range.
Lands' End, Inc.'s current EV/EBITDA is 8.0x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 17.5x.
Lands' End, Inc.'s return on equity (ROE) is 2.3%. The historical average is 10.1%.
Based on historical data, Lands' End, Inc. is trading at a P/E of 66.1x. This is at the 75th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Lands' End, Inc. has 46.4% gross margin and 3.3% operating margin.
Lands' End, Inc.'s Debt/EBITDA ratio is 3.3x, indicating high leverage. A ratio between 2-4x is manageable but warrants monitoring.