Latest Ratios: P/E Ratio 155.9x · EV/EBITDA 10.6x · ROE 1.9%. (1996–2025 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 | $9.1B | $6.1B | $7.5B | $2.4B | $2.5B | $2.8B | $2.4B | $1.5B | $1.9B | $1.7B | $1.6B |
| Enterprise Value | $14.4B | $11.5B | $12.5B | $6.4B | $4.1B | $4.4B | $4.0B | $2.9B | $3.1B | $3.9B | $3.7B |
| P/E Ratio → | 155.94 | 102.19 | — | 37.83 | 86.33 | — | — | 524.77 | — | — | — |
| P/S Ratio | 1.36 | 0.92 | 1.45 | 0.51 | 1.49 | 1.37 | 1.25 | 0.85 | 0.82 | 0.77 | 0.97 |
| P/B Ratio | 3.13 | 2.05 | 2.16 | 895.30 | 1.96 | 2.15 | 1.81 | 1.30 | 1.67 | 1.97 | 1.80 |
| P/FCF | 29.21 | 19.77 | 23.52 | 20.61 | 21.05 | 29.81 | 39.19 | 10.44 | 17.17 | 31.96 | 31.26 |
| P/OCF | 13.17 | 8.92 | 15.96 | 7.53 | 8.93 | 11.47 | 13.83 | 6.15 | 7.98 | 9.93 | 10.83 |
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 | — | 1.72 | 2.43 | 1.37 | 2.40 | 2.15 | 2.04 | 1.62 | 1.31 | 1.74 | 2.28 |
| EV / EBITDA | 10.58 | 8.43 | 13.95 | 8.82 | 12.79 | 12.91 | 12.05 | 10.57 | 10.97 | 14.51 | 19.60 |
| EV / EBIT | 19.16 | 24.34 | 34.75 | 15.82 | 27.81 | 59.23 | — | 40.84 | 30.68 | 75.98 | 947.77 |
| EV / FCF | — | 37.02 | 39.50 | 54.77 | 33.98 | 46.77 | 63.93 | 20.01 | 27.49 | 72.09 | 73.34 |
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 | 32.2% | 32.2% | 31.5% | 28.8% | 60.2% | 55.8% | 57.0% | 59.6% | 49.8% | 49.6% | 52.0% |
| Operating Margin | 11.3% | 11.3% | 11.0% | 9.0% | 8.0% | 6.1% | 6.6% | 6.0% | 3.8% | 3.7% | 2.3% |
| Net Profit Margin | 0.9% | 0.9% | -0.3% | 2.0% | 1.7% | -0.2% | -9.5% | 0.2% | -1.9% | -0.1% | -4.8% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 1.9% | 1.9% | -1.0% | 14.4% | 2.3% | -0.2% | -14.8% | 0.2% | -4.4% | -0.2% | -10.2% |
| ROA | 0.6% | 0.6% | -0.2% | 2.1% | 0.8% | -0.1% | -5.3% | 0.1% | -1.2% | -0.0% | -2.3% |
| ROIC | 6.7% | 6.7% | 6.8% | 9.3% | 3.5% | 3.2% | 3.5% | 3.3% | 2.5% | 2.1% | 1.1% |
| ROCE | 7.9% | 7.9% | 8.0% | 11.5% | 4.5% | 4.1% | 4.4% | 4.0% | 3.1% | 2.6% | 1.4% |
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 | 1.91 | 1.91 | 1.65 | 1501.70 | 1.27 | 1.32 | 1.23 | 1.33 | 1.15 | 2.58 | 2.52 |
| Debt / EBITDA | 4.20 | 4.20 | 6.33 | 5.56 | 5.11 | 5.05 | 5.01 | 5.62 | 4.72 | 8.41 | 11.66 |
| Net Debt / Equity | — | 1.79 | 1.47 | 1484.30 | 1.20 | 1.22 | 1.14 | 1.19 | 1.00 | 2.48 | 2.43 |
| Net Debt / EBITDA | 3.93 | 3.93 | 5.64 | 5.50 | 4.87 | 4.68 | 4.66 | 5.06 | 4.12 | 8.08 | 11.25 |
| Debt / FCF | — | 17.25 | 15.98 | 34.17 | 12.92 | 16.97 | 24.74 | 9.58 | 10.32 | 40.13 | 42.08 |
| Interest Coverage | 1.44 | 1.44 | 1.06 | 1.41 | 2.15 | 1.09 | -0.87 | 0.92 | 1.31 | 0.61 | 0.09 |
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 | 0.95 | 0.95 | 1.08 | 0.89 | 0.78 | 0.72 | 0.81 | 1.06 | 1.13 | 1.00 | 1.05 |
| Quick Ratio | 0.78 | 0.78 | 0.94 | 0.66 | 0.68 | 0.58 | 0.65 | 0.95 | 0.90 | 0.86 | 0.90 |
| Cash Ratio | 0.29 | 0.29 | 0.44 | 0.06 | 0.11 | 0.18 | 0.21 | 0.26 | 0.30 | 0.10 | 0.10 |
| Asset Turnover | — | 0.63 | 0.46 | 0.91 | 0.46 | 0.56 | 0.54 | 0.53 | 0.75 | 0.55 | 0.41 |
| Inventory Turnover | 20.30 | 20.30 | 16.94 | 18.55 | 10.32 | 9.68 | 10.02 | 11.55 | 9.19 | 8.96 | 6.26 |
| Days Sales Outstanding | — | 23.65 | 31.45 | 30.88 | 36.80 | 46.05 | 41.54 | 44.05 | 47.42 | 45.83 | 62.22 |
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 | 1.6% | 2.5% | 8.3% | 2.1% | 1.8% | 1.4% | 1.6% | 2.1% | 1.7% | 1.9% | 2.0% |
| Payout Ratio | 251.7% | 251.7% | — | — | 153.4% | — | — | 1120.7% | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 0.6% | 1.0% | — | 2.6% | 1.2% | — | — | 0.2% | — | — | — |
| FCF Yield | 3.4% | 5.1% | 4.3% | 4.9% | 4.8% | 3.4% | 2.6% | 9.6% | 5.8% | 3.1% | 3.2% |
| Buyback Yield | 4.7% | 6.9% | 0.1% | 7.6% | 1.1% | 1.7% | 1.4% | 2.1% | 3.8% | 0.2% | 0.4% |
| Total Shareholder Yield | 6.3% | 9.3% | 8.4% | 9.7% | 2.9% | 3.1% | 3.0% | 4.2% | 5.6% | 2.1% | 2.4% |
| Shares Outstanding | — | $375M | $242M | $161M | $162M | $161M | $155M | $135M | $139M | $139M | $128M |
Logistics cost volatility
Based on current market data, PRMB trades at a trailing P/E of 155.94, which appears significantly elevated compared to the broader beverage sector and suggests that investors are pricing in a substantial recovery in net margins that has yet to materialize in recent quarterly filings.
The forward P/E of 19.44 indicates that the market expects a sharp normalization of earnings, likely driven by the integration of recent acquisitions. However, given the historical volatility in net income, this valuation may be overly optimistic if the company fails to achieve sustained operating leverage.
As reported in financial statements, the company's ROIC has remained depressed, hovering at 1.3% in 2026Q1, which reflects the significant capital intensity required to maintain its vast network of water dispensers and delivery infrastructure relative to the modest returns generated on that invested capital.
The persistent gap between the company's cost of capital and its low ROIC suggests that the current growth strategy is not yet compounding value for shareholders. Investors should monitor whether management can improve asset turnover, as the current levels indicate that the heavy asset base is not being utilized with sufficient efficiency.
According to recent quarterly data, the asset turnover ratio of 0.15 in 2026Q1 highlights the structural difficulty of generating high revenue velocity in a business model heavily reliant on physical delivery routes and a large, depreciating fleet of proprietary water bottles and dispensers.
The fluctuation in the cash conversion cycle, which turned positive in 2026Q1 after several periods of negative values, suggests that the company is facing increased pressure in managing its inventory and receivables. This shift may indicate a weakening in the company's leverage over its supply chain or customer base.
Based on the latest quarterly filings, the current ratio has compressed to 0.98, falling below the critical threshold of 1.0, which suggests that the company's ability to meet short-term obligations without relying on external financing or asset liquidation is becoming increasingly constrained in the current environment.
The quick ratio of 0.79 further underscores the reliance on inventory to meet short-term liabilities, which is a concern given the potential for obsolescence in the dispenser business. This liquidity profile warrants close monitoring, as any disruption in cash flow could necessitate expensive short-term borrowing.
The most commonly misapplied metric for PRMB is the standard P/E ratio, which obscures the company's true nature as a logistics-heavy service provider rather than a high-margin consumer brand, leading to a fundamental misunderstanding of its earnings quality and long-term value creation potential.
Analysts should instead focus on EV/EBITDA and free cash flow yield, as these metrics better account for the company's significant debt load and the heavy capital expenditures required to maintain its retail exchange network. Relying on P/E ignores the non-operational charges that frequently distort the bottom line.
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying PRMB stock.
Primo Brands Corporation's current P/E ratio is 155.9x. The historical average is 31.3x. This places it at the 100th percentile of its historical range.
Primo Brands Corporation's current EV/EBITDA is 10.6x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 9.8x.
Primo Brands Corporation's return on equity (ROE) is 1.9%. The historical average is 1.4%.
Based on historical data, Primo Brands Corporation is trading at a P/E of 155.9x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Primo Brands Corporation's current dividend yield is 1.62% with a payout ratio of 251.7%.
Primo Brands Corporation has 32.2% gross margin and 11.3% operating margin. Operating margin between 10-20% is typical for established companies.
Primo Brands Corporation's Debt/EBITDA ratio is 4.2x, indicating high leverage. A ratio above 4x may signal elevated financial risk.