26 years of historical data (2000–2025) · Consumer Cyclical · Apparel - Manufacturers
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Levi Strauss & Co. trades at 15.7x earnings, 25% below its 5-year average of 20.9x, sitting at the 33rd percentile of its historical range. Compared to the Consumer Cyclical sector median P/E of 19.4x, the stock trades at a discount of 19%. On a free-cash-flow basis, the stock trades at 27.4x P/FCF, roughly in line with the 5-year average of 26.8x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $8.9B | $8.8B | $7.0B | $6.2B | $6.7B | $10.5B | $7.3B | $6.9B | — | — | — |
| Enterprise Value | $10.4B | $10.4B | $8.5B | $8.0B | $8.3B | $11.9B | $8.5B | $6.9B | — | — | — |
| P/E Ratio → | 15.69 | 15.19 | 33.58 | 24.98 | 11.72 | 18.94 | — | 17.30 | — | — | — |
| P/S Ratio | 1.41 | 1.40 | 1.11 | 1.01 | 1.08 | 1.82 | 1.64 | 1.19 | — | — | — |
| P/B Ratio | 3.99 | 3.86 | 3.57 | 3.04 | 3.51 | 6.29 | 5.62 | 4.36 | — | — | — |
| P/FCF | 27.39 | 27.16 | 10.47 | 51.05 | — | 18.37 | 21.54 | 28.93 | — | — | — |
| P/OCF | 16.28 | 16.14 | 7.82 | 14.29 | 29.27 | 14.21 | 15.56 | 16.62 | — | — | — |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
Levi Strauss & Co.'s enterprise value stands at 11.8x EBITDA, 16% below its 5-year average of 14.1x. This is roughly in line with the Consumer Cyclical sector median of 11.4x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.65 | 1.35 | 1.30 | 1.35 | 2.07 | 1.90 | 1.20 | — | — | — |
| EV / EBITDA | 11.80 | 11.71 | 18.69 | 15.43 | 10.35 | 14.36 | 149.43 | 10.04 | — | — | — |
| EV / EBIT | 15.39 | 15.17 | 32.78 | 25.73 | 12.35 | 18.23 | — | 12.75 | — | — | — |
| EV / FCF | — | 31.93 | 12.74 | 65.66 | — | 20.88 | 24.97 | 29.27 | — | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Levi Strauss & Co. earns an operating margin of 10.8%, above the Consumer Cyclical sector average of 2.9%. Operating margins have expanded from 5.7% to 10.8% over the past 3 years, signaling improving operational efficiency. ROE of 27.2% indicates solid capital efficiency, compared to the sector median of 5.7%. ROIC of 13.9% represents solid returns on invested capital versus a sector median of 5.8%.
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 | 61.7% | 61.7% | 60.0% | 56.9% | 57.5% | 58.1% | 52.8% | 53.8% | 53.8% | 52.3% | 51.2% |
| Operating Margin | 10.8% | 10.8% | 4.2% | 5.7% | 10.5% | 11.9% | -1.9% | 9.8% | 9.7% | 9.8% | 10.2% |
| Net Profit Margin | 9.2% | 9.2% | 3.3% | 4.0% | 9.2% | 9.6% | -2.9% | 6.8% | 5.1% | 5.7% | 6.4% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 27.2% | 27.2% | 10.5% | 12.6% | 31.9% | 37.3% | -8.9% | 32.5% | 33.6% | 39.6% | 58.7% |
| ROA | 8.7% | 8.7% | 3.4% | 4.1% | 9.5% | 9.6% | -2.6% | 10.2% | 8.2% | 8.9% | 9.9% |
| ROIC | 13.9% | 13.9% | 5.4% | 7.2% | 14.6% | 18.5% | -3.1% | 29.9% | 32.6% | 28.1% | 27.5% |
| ROCE | 14.8% | 14.8% | 6.1% | 8.5% | 16.0% | 16.9% | -2.4% | 20.8% | 22.3% | 20.4% | 21.7% |
Solvency and debt-coverage ratios — lower is generally safer
Levi Strauss & Co. carries a Debt/EBITDA ratio of 2.6x, which is moderately leveraged (41% below the sector average of 4.4x). Net debt stands at $1.5B ($2.3B total debt minus $758M cash). Interest coverage of 13.9x signals virtually no risk of debt distress — earnings comfortably cover interest obligations.
| 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 | 1.12 | 1.07 | 1.10 | 1.35 | 2.05 | 0.65 | 1.23 | 1.32 | 1.79 |
| Debt / EBITDA | 2.61 | 2.61 | 4.84 | 4.20 | 2.60 | 2.70 | 46.93 | 1.47 | 1.59 | 1.83 | 1.87 |
| Net Debt / Equity | — | 0.68 | 0.77 | 0.87 | 0.87 | 0.86 | 0.89 | 0.05 | 0.40 | 0.55 | 1.16 |
| Net Debt / EBITDA | 1.75 | 1.75 | 3.33 | 3.44 | 2.06 | 1.73 | 20.51 | 0.12 | 0.51 | 0.77 | 1.21 |
| Debt / FCF | — | 4.77 | 2.27 | 14.62 | — | 2.51 | 3.43 | 0.34 | 1.30 | 1.13 | 3.36 |
| Interest Coverage | 13.94 | 13.94 | 6.32 | 7.70 | 25.16 | 9.41 | -1.04 | 8.55 | 9.77 | 7.00 | 6.32 |
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.55x means Levi Strauss & Co. can comfortably meet its short-term obligations, though there is limited excess liquidity. The quick ratio of 0.94x 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 1.48x to 1.55x 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 | 1.55 | 1.55 | 1.42 | 1.48 | 1.43 | 1.45 | 2.02 | 2.46 | 1.97 | 2.27 | 2.21 |
| Quick Ratio | 0.94 | 0.94 | 0.86 | 0.75 | 0.71 | 0.97 | 1.49 | 1.70 | 1.21 | 1.41 | 1.27 |
| Cash Ratio | 0.42 | 0.42 | 0.34 | 0.22 | 0.25 | 0.48 | 1.03 | 0.87 | 0.61 | 0.72 | 0.49 |
| Asset Turnover | — | 0.92 | 1.00 | 1.02 | 1.02 | 0.98 | 0.79 | 1.36 | 1.57 | 1.46 | 1.52 |
| Inventory Turnover | 1.94 | 1.94 | 2.24 | 2.06 | 1.85 | 2.69 | 2.57 | 3.01 | 2.92 | 3.08 | 3.10 |
| Days Sales Outstanding | — | 45.01 | 40.78 | 44.46 | 41.24 | 44.81 | 44.28 | 49.58 | 34.97 | 36.13 | 38.40 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Levi Strauss & Co. returns 4.0% to shareholders annually — split between a 2.3% dividend yield and 1.7% buyback yield. The payout ratio of 36.8% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 6.4% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
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 | 2.3% | 2.4% | 2.8% | 3.1% | 2.6% | 1.0% | 0.9% | 1.7% | — | — | — |
| Payout Ratio | 36.8% | 36.8% | 94.3% | 76.3% | 30.6% | 18.9% | — | 28.9% | 31.8% | 24.9% | 20.6% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 6.4% | 6.6% | 3.0% | 4.0% | 8.5% | 5.3% | — | 5.8% | — | — | — |
| FCF Yield | 3.7% | 3.7% | 9.5% | 2.0% | — | 5.4% | 4.6% | 3.5% | — | — | — |
| Buyback Yield | 1.7% | 1.7% | 1.3% | 0.1% | 2.6% | 0.8% | 0.8% | 0.6% | — | — | — |
| Total Shareholder Yield | 4.0% | 4.1% | 4.1% | 3.2% | 5.2% | 1.8% | 1.6% | 2.3% | — | — | — |
| Shares Outstanding | — | $400M | $402M | $402M | $404M | $410M | $397M | $408M | $393M | $393M | $385M |
Compare LEVI 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 |
|---|---|---|---|---|---|---|---|---|---|
| $9B | 15.7 | 11.8 | 27.4 | 61.7% | 10.8% | 27.2% | 13.9% | 2.6 | |
| $2B | -7.1 | 16.6 | 10.1 | 38.8% | 5.3% | -141.4% | 4.5% | 9.2 | |
| $4B | 8.4 | 6.6 | 7.0 | 59.4% | 8.5% | 11.7% | 7.0% | 3.3 | |
| $48B | 30.5 | 42.2 | 47.0 | 68.6% | 13.2% | 29.5% | 20.6% | 2.3 | |
| $7B | -38.9 | 22.0 | 22.0 | 53.5% | 3.2% | -8.6% | 2.7% | 9.5 | |
| $877M | 21.8 | 8.7 | 24.6 | 43.4% | 5.8% | 9.4% | 7.8% | 5.9 | |
| $3B | 134.2 | 15.5 | — | 8.5% | 3.2% | 3.1% | 5.4% | 1.4 | |
| $53B | 20.6 | 12.5 | 16.2 | 42.7% | 8.0% | 23.3% | 16.7% | 2.4 | |
| $1B | -13.6 | — | — | 47.9% | -3.6% | -10.0% | -5.1% | — | |
| $3B | 19.5 | 14.3 | 15.3 | 50.2% | 6.0% | 10.2% | 8.0% | 3.3 | |
| $5B | -69.4 | 6.9 | 7.9 | 57.0% | 22.0% | -5.2% | 21.7% | 1.7 | |
| Consumer Cyclical Median | — | 19.4 | 11.4 | 15.3 | 36.8% | 2.9% | 5.7% | 5.8% | 4.4 |
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Start ComparisonQuick answers to the most common questions about buying LEVI stock.
Levi Strauss & Co.'s current P/E ratio is 15.7x. The historical average is 20.3x. This places it at the 33th percentile of its historical range.
Levi Strauss & Co.'s current EV/EBITDA is 11.8x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 13.4x.
Levi Strauss & Co.'s return on equity (ROE) is 27.2%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 34.6%.
Based on historical data, Levi Strauss & Co. is trading at a P/E of 15.7x. This is at the 33th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Levi Strauss & Co.'s current dividend yield is 2.34% with a payout ratio of 36.8%.
Levi Strauss & Co. has 61.7% gross margin and 10.8% operating margin. Operating margin between 10-20% is typical for established companies.
Levi Strauss & Co.'s Debt/EBITDA ratio is 2.6x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.