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PACSPACS Group, Inc.
$41.89$6.6B
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  4. Financial Ratios

PACS Group, Inc. (PACS) Financial Ratios

Latest Ratios: P/E Ratio 34.3x · EV/EBITDA 26.4x · ROE 23.0%. (2022–2025 historical series)

Income StatementBalance SheetCash FlowRatios
AnnualQuarterly

PACS Valuation Multiples

Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow

MetricTTMFY 2025FY 2024FY 2023FY 2022
Market Cap$6.6B$6.0B$1.9B——
Enterprise Value$9.6B$9.0B$5.4B——
P/E Ratio →34.3431.4734.50——
P/S Ratio1.251.140.48——
P/B Ratio6.896.322.72——
P/FCF22.1920.136.47——
P/OCF16.4014.885.30——

P/E links to full P/E history page with 30-year chart

PACS EV Ratios

Enterprise-value multiples — capital-structure-neutral measures of total business value

MetricTTMFY 2025FY 2024FY 2023FY 2022
EV / Revenue—1.701.32——
EV / EBITDA26.3724.6833.05——
EV / EBIT31.1129.0937.13——
EV / FCF—30.1718.00——

PACS Profitability

Margins and return-on-capital ratios measuring operating efficiency

Margins

Full margin charts and quarterly trend are on the Earnings History page

MetricTTMFY 2025FY 2024FY 2023FY 2022
Gross Margin21.9%21.9%19.4%14.4%16.5%
Operating Margin5.9%5.9%3.0%6.7%9.5%
Net Profit Margin3.6%3.6%1.4%3.6%6.2%

Return on Capital

MetricTTMFY 2025FY 2024FY 2023FY 2022
ROE23.0%23.0%13.6%132.5%219.2%
ROA3.5%3.5%1.3%3.8%6.1%
ROIC5.5%5.5%2.5%6.3%8.6%
ROCE7.0%7.0%3.4%8.3%11.6%

PACS Leverage & Debt

Solvency and debt-coverage ratios — lower is generally safer

MetricTTMFY 2025FY 2024FY 2023FY 2022
Debt / Equity3.363.365.0727.9728.05
Debt / EBITDA8.758.7522.1312.197.65
Net Debt / Equity—3.154.8527.2527.09
Net Debt / EBITDA8.218.2121.1711.887.39
Debt / FCF—10.0411.53154.75129.32
Interest Coverage10.9310.933.294.159.11

PACS Liquidity & Efficiency

Short-term solvency ratios and asset-utilisation metrics

MetricTTMFY 2025FY 2024FY 2023FY 2022
Current Ratio1.071.070.961.581.06
Quick Ratio1.071.070.961.581.06
Cash Ratio0.200.200.160.160.14
Asset Turnover—0.950.780.890.98
Inventory Turnover—————
Days Sales Outstanding—————

PACS Shareholder Yields

Earnings, FCF, buyback, and dividend yields — total returns to shareholders

Dividends

Full dividend history and growth charts are on the Dividend History page

MetricTTMFY 2025FY 2024FY 2023FY 2022
Dividend Yield—————
Payout Ratio——60.5%71.2%40.1%

Total Shareholder Return Metrics

MetricTTMFY 2025FY 2024FY 2023FY 2022
Earnings Yield2.9%3.2%2.9%——
FCF Yield4.5%5.0%15.4%——
Buyback Yield0.0%————
Total Shareholder Yield0.0%————
Shares Outstanding—$157M$149M$150M$150M

Key Metrics

Growth RegimeExpanding
ProfitabilityStrained
Balance SheetStrained
Cash FlowMixed
Top Statement Risk

Regulatory reimbursement policy shifts

Verified Source

Metrics are mathematically derived from official filings.

SEC 10-K (2026Q1)

Premium Valuation Amidst Integration Uncertainty

According to current market data, PACS trades at a forward P/E of 18.41 and an EV/EBITDA of 22.38, suggesting that investors are pricing in significant future earnings growth that may be difficult to sustain given the company's reliance on aggressive, acquisition-led expansion strategies.

The current valuation multiples appear to reflect a growth-oriented premium that assumes seamless integration of newly acquired facilities. However, given the thin operating margins and the inherent volatility of the post-acute care sector, investors should monitor whether these multiples are justified by organic margin expansion rather than just top-line scaling.

Capital Efficiency Constrained by Scale

Based on reported financial figures, PACS has struggled to generate meaningful returns on invested capital, with ROIC hovering at a modest 2.2% as of 2026Q1, indicating that the company's rapid asset accumulation has yet to translate into superior compounding of shareholder capital.

The low ROIC suggests that the cost of acquiring and integrating new facilities is currently outpacing the incremental returns generated by those assets. This trend warrants further investigation into whether the decentralized operating model can achieve the necessary economies of scale to drive higher returns on capital over the long term.

Working Capital Dynamics and Turnover

As reported in recent financial statements, the company's asset turnover remains consistently low at approximately 0.25, reflecting the capital-intensive nature of the skilled nursing facility business model where revenue growth is heavily dependent on the continuous acquisition of new, high-cost physical assets.

The stability of the asset turnover ratio suggests that the company is not yet achieving significant operational leverage from its existing footprint. Investors should watch for improvements in this metric as a key indicator that the company is successfully transitioning from an acquisition-heavy phase to one of operational optimization.

Misapplication of Standard P/E Multiples

Based on an analysis of the business model, the P/E ratio is frequently misapplied to PACS because it fails to account for the significant non-cash charges and lease-related accounting nuances inherent in the post-acute care industry's complex regulatory and reimbursement environment.

Using P/E as a primary valuation metric obscures the impact of synthetic debt and provider tax arrangements that artificially inflate both revenue and expenses. Analysts should instead prioritize EV/EBITDAR or cash-flow-based metrics to better capture the underlying earning power of the facility network, as these adjustments provide a more accurate picture of operational health.

Download Financial Ratios Data

Includes 30+ ratios · 4 years · Updated daily

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PACS — Frequently Asked Questions

Quick answers to the most common questions about buying PACS stock.

What is PACS Group, Inc.'s P/E ratio?

PACS Group, Inc.'s current P/E ratio is 34.3x. The historical average is 33.0x. This places it at the 50th percentile of its historical range.

What is PACS Group, Inc.'s EV/EBITDA?

PACS Group, Inc.'s current EV/EBITDA is 26.4x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 28.9x.

What is PACS Group, Inc.'s ROE?

PACS Group, Inc.'s return on equity (ROE) is 23.0%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 97.1%.

Is PACS stock overvalued?

Based on historical data, PACS Group, Inc. is trading at a P/E of 34.3x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.

What are PACS Group, Inc.'s profit margins?

PACS Group, Inc. has 21.9% gross margin and 5.9% operating margin.

How much debt does PACS Group, Inc. have?

PACS Group, Inc.'s Debt/EBITDA ratio is 8.8x, indicating high leverage. A ratio above 4x may signal elevated financial risk.