Latest Ratios: P/E Ratio 42.8x · EV/EBITDA 13.9x · ROE 7.7%. (2013–2026 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 | $16.9B | $17.3B | $13.7B | $10.3B | $9.4B | $7.2B | $6.4B | $3.2B | $4.2B | $3.8B | $2.8B |
| Enterprise Value | $24.6B | $25.0B | $21.6B | $15.3B | $14.1B | $12.1B | $9.4B | $5.7B | $5.5B | $5.0B | $4.1B |
| P/E Ratio → | 42.84 | 48.23 | 40.12 | 23.70 | 23.72 | 63.97 | 159.97 | — | 25.18 | 19.32 | 29.46 |
| P/S Ratio | 0.25 | 0.26 | 0.22 | 0.18 | 0.16 | 0.14 | 0.21 | 0.13 | 0.21 | 0.22 | 0.17 |
| P/B Ratio | 3.44 | 3.54 | 3.06 | 2.50 | 2.51 | 2.17 | 3.04 | 1.57 | 3.24 | 3.38 | 3.05 |
| P/FCF | 15.21 | 16.84 | 19.43 | 13.44 | 16.72 | 117.42 | — | 6.77 | 23.62 | 16.92 | 45.91 |
| P/OCF | 11.95 | 12.27 | 11.31 | 8.87 | 11.30 | 25.90 | 99.10 | 5.05 | 13.27 | 10.46 | 14.00 |
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 | — | 0.37 | 0.34 | 0.26 | 0.25 | 0.24 | 0.31 | 0.23 | 0.28 | 0.28 | 0.25 |
| EV / EBITDA | 13.93 | 14.71 | 14.08 | 11.04 | 11.20 | 15.37 | 17.40 | 32.43 | 12.65 | 13.07 | 12.20 |
| EV / EBIT | 27.69 | 27.83 | 26.43 | 18.42 | 18.55 | 34.71 | 45.34 | — | 19.55 | 19.75 | 19.34 |
| EV / FCF | — | 24.31 | 30.67 | 19.90 | 25.13 | 199.15 | — | 12.35 | 31.11 | 22.10 | 66.87 |
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 | 11.9% | 11.9% | 11.7% | 11.3% | 10.9% | 10.3% | 11.6% | 11.4% | 12.7% | 13.0% | 12.7% |
| Operating Margin | 1.3% | 1.3% | 1.3% | 1.4% | 1.3% | 0.6% | 0.7% | -0.4% | 1.4% | 1.4% | 1.3% |
| Net Profit Margin | 0.5% | 0.5% | 0.5% | 0.7% | 0.7% | 0.2% | 0.1% | -0.5% | 0.8% | 1.1% | 0.6% |
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 7.7% | 7.7% | 7.9% | 11.1% | 11.3% | 4.2% | 2.0% | -6.9% | 13.7% | 19.3% | 11.1% |
| ROA | 2.0% | 2.0% | 2.2% | 3.4% | 3.2% | 1.1% | 0.5% | -1.8% | 3.9% | 5.1% | 2.7% |
| ROIC | 5.3% | 5.3% | 5.7% | 7.1% | 6.9% | 3.7% | 3.1% | -2.1% | 8.6% | 8.4% | 7.6% |
| ROCE | 6.6% | 6.6% | 7.1% | 8.9% | 8.7% | 4.7% | 3.9% | -2.5% | 10.3% | 10.2% | 9.3% |
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 | 1.59 | 1.59 | 1.79 | 1.21 | 1.27 | 1.51 | 1.42 | 1.50 | 1.04 | 1.04 | 1.40 |
| Debt / EBITDA | 4.57 | 4.57 | 5.21 | 3.60 | 3.76 | 6.32 | 5.56 | 17.03 | 3.08 | 3.09 | 3.85 |
| Net Debt / Equity | — | 1.57 | 1.77 | 1.20 | 1.26 | 1.51 | 1.42 | 1.29 | 1.03 | 1.04 | 1.39 |
| Net Debt / EBITDA | 4.52 | 4.52 | 5.16 | 3.58 | 3.75 | 6.31 | 5.54 | 14.66 | 3.05 | 3.07 | 3.83 |
| Debt / FCF | — | 7.47 | 11.24 | 6.46 | 8.41 | 81.73 | — | 5.58 | 7.49 | 5.19 | 20.97 |
| Interest Coverage | 2.17 | 2.17 | 2.28 | 3.57 | 3.50 | 1.91 | 1.36 | -0.90 | 4.34 | 4.21 | 3.87 |
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 | 1.51 | 1.51 | 1.58 | 1.64 | 1.71 | 1.66 | 1.42 | 1.32 | 1.57 | 1.50 | 1.51 |
| Quick Ratio | 0.67 | 0.67 | 0.72 | 0.76 | 0.75 | 0.71 | 0.69 | 0.73 | 0.77 | 0.78 | 0.77 |
| Cash Ratio | 0.02 | 0.02 | 0.02 | 0.01 | 0.00 | 0.00 | 0.00 | 0.16 | 0.01 | 0.01 | 0.01 |
| Asset Turnover | — | 3.60 | 3.54 | 4.35 | 4.58 | 4.11 | 3.87 | 3.25 | 4.24 | 4.40 | 4.41 |
| Inventory Turnover | 13.79 | 13.79 | 14.37 | 15.60 | 15.04 | 13.31 | 14.61 | 14.34 | 12.70 | 14.57 | 14.44 |
| Days Sales Outstanding | — | 16.81 | 16.89 | 15.97 | 15.56 | 16.79 | 19.57 | 20.59 | 22.91 | 22.07 | 22.40 |
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 | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 2.3% | 2.1% | 2.5% | 4.2% | 4.2% | 1.6% | 0.6% | — | 4.0% | 5.2% | 3.4% |
| FCF Yield | 6.6% | 5.9% | 5.1% | 7.4% | 6.0% | 0.9% | — | 14.8% | 4.2% | 5.9% | 2.2% |
| Buyback Yield | 0.0% | 0.0% | 0.6% | 1.0% | 0.3% | 0.2% | 0.1% | 0.4% | 0.4% | 0.7% | 0.1% |
| Total Shareholder Yield | 0.0% | 0.0% | 0.6% | 1.0% | 0.3% | 0.2% | 0.1% | 0.4% | 0.4% | 0.7% | 0.1% |
| Shares Outstanding | — | $157M | $156M | $156M | $156M | $151M | $133M | $113M | $105M | $105M | $103M |
Includes 30+ ratios · 14 years · Updated daily
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Quick answers to the most common questions about buying PFGC stock.
Performance Food Group Co's current P/E ratio is 42.8x. The historical average is 47.2x. This places it at the 70th percentile of its historical range.
Performance Food Group Co's current EV/EBITDA is 13.9x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 15.1x.
Performance Food Group Co's return on equity (ROE) is 7.7%. The historical average is 7.8%.
Based on historical data, Performance Food Group Co is trading at a P/E of 42.8x. This is at the 70th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Performance Food Group Co has 11.9% gross margin and 1.3% operating margin.
Performance Food Group Co's Debt/EBITDA ratio is 4.6x, indicating high leverage. A ratio above 4x may signal elevated financial risk.
Key Metrics
Top Statement Risk
Thin margins amplify leverage
Metrics are mathematically derived from official filings.
Premium Trailing Multiple Versus Forward Discount
Based on reported figures, PFGC trades at a trailing P/E of 46.94 but a forward P/E of 19.14, a gap that suggests the market is looking through depressed trailing earnings toward a substantial rebound in per-share profit.
The compression from trailing to forward P/E implies consensus expects earnings to roughly double, which is consistent with the volatile quarterly EPS history rather than a clean structural step-up. A PEG of 0.95 reads as reasonable only if that growth is durable, and the thin 1.3% operating margin means small misses in forecast margin would materially change the implied value. Relative to Sysco at 21.00x trailing and 16.68x EV/EBITDA, PFGC's 14.45x EV/EBITDA appears modestly discounted, consistent with its heavier tobacco and convenience mix.
Margin Ceiling Set by Segment Mix
As reported in quarterly statements, PFGC's gross margin held within a narrow 11.4% to 12.1% band over ten quarters while operating margin stayed between 0.9% and 1.9%, implying little operating leverage despite roughly $63B in annual revenue.
The stability of gross margin alongside limited operating leverage suggests the constraint is structural, reflecting pass-through tobacco revenue and fixed logistics costs rather than a temporary cyclical squeeze. Net margin of 0.5% to 1.1% leaves little room for a rise in diesel or labor costs to be absorbed without eroding earnings. Versus peers, Sysco's 2.1% net margin and US Foods' 1.7% indicate PFGC lags on net profitability, a gap that appears partly structural given its mix.
Returns Fading From Late-2024 Peak
According to the quarterly ratio data, PFGC's ROIC fell from 2.4% in 2024Q4 to 1.6% in 2027Q1, with ROE declining from 4.1% to 2.6%, suggesting the post-acquisition capital base is diluting returns.
The decline in ROIC alongside a rising asset base is consistent with acquired goodwill and PP&E being added faster than they generate incremental operating profit, which may indicate that acquisition returns are still maturing. ROIC well below the cost of debt at current rates would warrant scrutiny of whether recent deals will earn their keep. Compared with Sysco's 14.9% ROIC and US Foods' 9.3%, PFGC's returns appear to be a clear lag that investors should monitor for evidence of recovery.
Leverage Easing Yet Coverage Volatile
Based on reported figures, PFGC's debt-to-equity declined from 1.85 to 1.57 across the period while interest coverage swung between 1.5x and 4.9x, suggesting debt service comfort depends heavily on quarterly earnings timing.
Deleveraging appears driven mainly by equity growth through retained earnings rather than debt reduction, so the absolute debt load of roughly $7.8B to $8.3B has not shrunk materially. Debt-to-EBITDA ranging from about 12x to 23x in recent quarters is elevated and suggests limited headroom if EBITDA softens. Investors should monitor refinancing timing and covenant terms, though those specifics are not provided in the supplied data.
Liquidity Rests on Working Capital
As reported in quarterly balance sheets, PFGC's current ratio held between 1.5x and 1.7x while cash stayed between roughly $10M and $92M, indicating liquidity is supported by receivables and inventory rather than cash on hand.
A quick ratio near 0.7 confirms that inventory is a large share of current assets, which may make liquidity sensitive to inventory valuation under a sharp demand or price shock. The minimal cash buffer means the company depends on steady collections and payables timing to fund operations. Under severe stress, a slowdown in receivables collection could compress the effective liquidity position faster than the headline current ratio implies.
Misapplied Ratio Obscures Tobacco Drag
Based on reported figures, headline gross margin of about 12% may be the most misapplied metric for PFGC, since pass-through excise taxes and tobacco pricing can inflate revenue and distort the true margin on distributed value.
Using gross margin on headline revenue treats tobacco excise as revenue, which understates the economic margin on value actually added by the distributor. A more informative lens would be gross profit per case or per dollar of net-of-tax revenue, combined with segment-level operating profit. Investors should monitor whether segment disclosures allow this adjustment, as the supplied data does not isolate it.