Latest Ratios: P/E Ratio 429.4x · EV/EBITDA 8.9x · ROE 0.4%. (1997–2026 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $342M | $464M | $477M | $1.0B | $1.6B | $1.5B | $2.2B | $1.5B | $2.9B | $1.8B | $1.7B |
| Enterprise Value | $813M | $935M | $985M | $1.6B | $2.3B | $2.3B | $3.0B | $2.2B | $3.3B | $2.2B | $2.1B |
| P/E Ratio → | 429.41 | 562.55 | — | 27.67 | 41.89 | 24.63 | 65.80 | 25.77 | 36.51 | 27.92 | 28.16 |
| P/S Ratio | 0.30 | 0.40 | 0.40 | 0.79 | 1.22 | 1.11 | 1.98 | 1.18 | 2.43 | 1.58 | 1.70 |
| P/B Ratio | 0.56 | 0.78 | 0.77 | 1.53 | 2.32 | 1.93 | 2.97 | 2.03 | 4.17 | 2.84 | 2.98 |
| P/FCF | 7.77 | 11.97 | 4.52 | 10.09 | 9.17 | 10.34 | 16.74 | 22.74 | 26.87 | 21.76 | 18.21 |
| P/OCF | 4.86 | 6.59 | 3.61 | 8.03 | 7.51 | 8.69 | 12.06 | 12.26 | 19.06 | 14.74 | 13.35 |
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 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.81 | 0.82 | 1.26 | 1.72 | 1.70 | 2.67 | 1.78 | 2.74 | 1.93 | 2.09 |
| EV / EBITDA | 8.88 | 12.13 | 8.98 | 11.21 | 14.53 | 12.23 | 19.62 | 12.83 | 18.01 | 12.34 | 13.27 |
| EV / EBIT | 52.57 | 46.00 | 75.72 | 22.55 | 28.56 | 22.61 | 41.45 | 21.86 | 25.90 | 17.12 | 18.36 |
| EV / FCF | — | 24.12 | 9.33 | 16.15 | 12.94 | 15.79 | 22.54 | 34.25 | 30.28 | 26.54 | 22.42 |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 35.0% | 35.0% | 34.9% | 35.4% | 34.4% | 35.4% | 35.1% | 37.9% | 38.8% | 38.6% | 38.9% |
| Operating Margin | 1.3% | 1.3% | 3.4% | 5.6% | 6.0% | 7.9% | 6.7% | 8.7% | 10.6% | 11.3% | 11.4% |
| Net Profit Margin | 0.2% | 0.2% | -0.4% | 2.9% | 2.9% | 4.5% | 3.0% | 4.6% | 6.6% | 5.7% | 6.0% |
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 0.4% | 0.4% | -0.8% | 5.6% | 5.3% | 8.0% | 4.6% | 8.1% | 12.0% | 10.6% | 11.0% |
| ROA | 0.1% | 0.1% | -0.3% | 2.2% | 2.1% | 3.3% | 1.8% | 3.5% | 6.3% | 5.3% | 5.6% |
| ROIC | 1.1% | 1.1% | 2.5% | 4.1% | 4.1% | 5.2% | 3.8% | 6.4% | 9.1% | 9.5% | 9.8% |
| ROCE | 1.4% | 1.4% | 3.4% | 5.6% | 5.5% | 7.0% | 4.6% | 7.6% | 12.0% | 12.6% | 12.7% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.82 | 0.82 | 0.85 | 0.93 | 0.96 | 1.03 | 1.07 | 1.50 | 0.54 | 0.63 | 0.71 |
| Debt / EBITDA | 6.30 | 6.30 | 4.83 | 4.25 | 4.27 | 4.26 | 5.25 | 6.29 | 2.06 | 2.23 | 2.55 |
| Net Debt / Equity | — | 0.80 | 0.82 | 0.92 | 0.96 | 1.02 | 1.03 | 1.02 | 0.53 | 0.62 | 0.69 |
| Net Debt / EBITDA | 6.11 | 6.11 | 4.64 | 4.21 | 4.24 | 4.22 | 5.05 | 4.31 | 2.03 | 2.22 | 2.50 |
| Debt / FCF | — | 12.15 | 4.82 | 6.06 | 3.77 | 5.45 | 5.80 | 11.51 | 3.41 | 4.78 | 4.22 |
| Interest Coverage | 1.18 | 1.18 | 0.69 | 3.57 | 3.44 | 4.14 | 2.57 | 3.63 | 4.69 | 5.24 | 5.89 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.46 | 0.46 | 0.53 | 0.56 | 0.58 | 0.76 | 0.92 | 2.34 | 1.10 | 1.07 | 1.07 |
| Quick Ratio | 0.16 | 0.16 | 0.18 | 0.22 | 0.25 | 0.25 | 0.36 | 1.60 | 0.32 | 0.28 | 0.30 |
| Cash Ratio | 0.03 | 0.03 | 0.04 | 0.01 | 0.01 | 0.02 | 0.10 | 1.36 | 0.03 | 0.01 | 0.05 |
| Asset Turnover | — | 0.74 | 0.73 | 0.75 | 0.75 | 0.73 | 0.62 | 0.61 | 0.91 | 0.93 | 0.86 |
| Inventory Turnover | 4.84 | 4.84 | 4.29 | 5.35 | 5.90 | 5.28 | 4.50 | 4.16 | 4.30 | 4.54 | 4.38 |
| Days Sales Outstanding | — | 14.31 | 10.76 | 11.75 | 14.32 | 8.79 | 13.37 | 11.27 | 10.45 | 10.32 | 10.48 |
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 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 10.6% | 7.5% | 7.3% | 3.5% | 2.3% | 2.3% | 1.3% | 2.0% | 0.9% | 1.3% | 1.3% |
| Payout Ratio | 1608.6% | 1608.6% | — | 94.5% | 93.2% | 56.3% | 86.8% | 51.2% | 33.6% | 37.5% | 36.6% |
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 0.2% | 0.2% | — | 3.6% | 2.4% | 4.1% | 1.5% | 3.9% | 2.7% | 3.6% | 3.6% |
| FCF Yield | 12.9% | 8.4% | 22.1% | 9.9% | 10.9% | 9.7% | 6.0% | 4.4% | 3.7% | 4.6% | 5.5% |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 4.4% | 6.0% | 0.1% | 0.3% | 0.4% | 0.5% | 0.0% | 0.0% |
| Total Shareholder Yield | 10.6% | 7.5% | 7.3% | 7.9% | 8.3% | 2.4% | 1.6% | 2.4% | 1.4% | 1.3% | 1.3% |
| Shares Outstanding | — | $30M | $30M | $32M | $33M | $34M | $34M | $34M | $34M | $33M | $33M |
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying MNRO stock.
Monro Inc.'s current P/E ratio is 429.4x. The historical average is 25.4x. This places it at the 100th percentile of its historical range.
Monro Inc.'s current EV/EBITDA is 8.9x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 11.2x.
Monro Inc.'s return on equity (ROE) is 0.4%. The historical average is 10.7%.
Based on historical data, Monro Inc. is trading at a P/E of 429.4x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Monro Inc.'s current dividend yield is 10.64% with a payout ratio of 1608.6%.
Monro Inc. has 35.0% gross margin and 1.3% operating margin.
Monro Inc.'s Debt/EBITDA ratio is 6.3x, indicating high leverage. A ratio above 4x may signal elevated financial risk.
Key Metrics
Top Statement Risk
Thin margins with persistent leverage
Metrics are mathematically derived from official filings.
Earnings Multiple Distorted by Thin Profits
Based on Monro's reported figures, trailing P/E of 398.18 reflects near-breakeven earnings rather than valuation depth, while forward P/E of 20.04 and EV/EBITDA of 10.54 suggest the market is pricing a normalization of margins that recent quarters have not yet demonstrated.
The gap between trailing P/E of 398.18 and forward P/E of 20.04 indicates that trailing earnings are too depressed to serve as a meaningful anchor, so the multiple should be read against forward expectations. The P/S of 0.30 and P/B of 0.56 suggest the market values the enterprise well below book, which may reflect skepticism about the durability of the $573.9M equity base given recurring thin profitability. Compared with peers such as AutoNation at a 10.80 P/E and Lithia at 9.55, Monro's forward multiple appears elevated, implying investors may be underwriting a recovery that warrants further investigation.
Gross Margin Stable but Operating Leverage Absent
According to reported quarterly data, gross margin has held between 33.0% and 37.2%, yet operating margin oscillated between -2.0% and 6.3%, indicating that overhead absorbs nearly all gross profit and leaves minimal earning power.
The stability of gross margin around 35% suggests pricing and service mix have been relatively contained, but the conversion of that gross profit into operating income is weak. Net margin of -0.6% in 2027Q2 and repeated negative quarters point to an earnings base with little cushion against revenue declines. Compared with the 2.2% to 2.9% net margins across peers, Monro's profitability appears structurally thinner, suggesting the gap reflects overhead intensity rather than temporary cyclical pressure.
Returns Hover Near Cost of Capital
Based on Monro's reported ratios, ROIC has fluctuated between -0.4% and 1.3% across ten quarters, with ROE in 2027Q2 at -0.3%, indicating returns that barely cover or fail to cover the cost of capital.
ROIC rarely exceeds 1%, which implies that the large goodwill base of $736.4M is not generating economic returns commensurate with its carrying value. The brief improvement in 2026Q3 to 1.3% ROIC appears driven by a temporary margin spike rather than sustained efficiency gains. Compared with peers such as AutoNation at 8.5% ROIC and Penske at 6.9%, Monro's returns appear to be decaying rather than compounding, which warrants monitoring whether acquired intangibles can be earned back over time.
Interest Coverage Oscillates Near Zero
As reported in the financial statements, interest coverage swung between -5.39 and 4.60 across the ten quarters, with the 2027Q2 reading of 0.95 suggesting operating income barely covers interest expense.
Debt has declined from $617.5M to $506.8M, which may ease refinancing pressure, yet coverage remains thin enough that a modest operating shortfall could quickly become a debt service concern. Debt-to-EBITDA ranging from roughly 14 to over 55 times in several quarters suggests EBITDA is too volatile to reliably support the debt load. Investors should monitor whether deleveraging continues, as the current debt structure appears sensitive to small swings in operating performance.
Thin Liquidity Buffer Under Stress
Based on Monro's reported balance sheet, the current ratio of 0.48 and quick ratio of 0.16 in 2027Q2 indicate that short-term obligations substantially exceed liquid assets, leaving limited cushion for unexpected cash needs.
A current ratio below 0.5 combined with cash of only $15.0M implies the company relies on ongoing operating cash generation and access to financing to meet near-term obligations. Inventory is modest relative to current liabilities, so the quick ratio is not dramatically lower than the current ratio, but both remain weak. Under a severe revenue shock, the position would likely depend on working capital release and capital market access, which the supplied data does not fully confirm.
Headline Multiples Mask Fragile Earnings Base
As reported in the ratio data, EV/EBITDA of 10.54 and P/B of 0.56 appear inexpensive, yet EBITDA-based metrics rest on operating margins of only -2.0% to 6.3%, which may overstate the cushion available to equity holders.
Low headline multiples can be misleading when the denominator is volatile and near zero, as Monro's quarterly EBITDA has swung sharply enough to produce debt-to-EBITDA readings above 50 times. The more reliable lens is free cash flow yield and forward earnings, which appear to rest on a margin recovery the reported quarters have not yet confirmed. Investors should treat the apparent discount to book as potentially a value trap unless operating margins sustain levels closer to peers.