Latest Ratios: P/E Ratio 35.8x · EV/EBITDA 16.7x · ROE 12.2%. (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 | $5.3B | $3.2B | $2.7B | $2.4B | $1.9B | $2.6B | $2.0B | $1.8B | $2.6B | $2.4B | $2.5B |
| Enterprise Value | $5.4B | $3.3B | $2.8B | $2.5B | $2.0B | $2.6B | $2.0B | $1.8B | $2.6B | $2.4B | $2.4B |
| P/E Ratio → | 35.82 | 22.25 | 19.60 | 22.71 | 18.72 | 26.61 | 25.78 | 24.97 | 35.16 | 27.27 | 28.61 |
| P/S Ratio | 1.01 | 0.61 | 0.55 | 0.55 | 0.48 | 0.71 | 0.60 | 0.57 | 0.83 | 0.81 | 0.86 |
| P/B Ratio | 4.16 | 2.59 | 2.40 | 2.21 | 1.95 | 2.81 | 2.39 | 2.29 | 3.45 | 3.44 | 3.92 |
| P/FCF | 51.64 | 31.25 | 68.90 | 21.31 | 1656.17 | 183.85 | 12.52 | 60.28 | 122.53 | — | 40.22 |
| P/OCF | 20.39 | 12.34 | 12.96 | 9.51 | 15.89 | 20.23 | 7.67 | 10.71 | 21.90 | 19.86 | 17.88 |
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 | — | 0.63 | 0.57 | 0.56 | 0.49 | 0.73 | 0.61 | 0.56 | 0.83 | 0.80 | 0.83 |
| EV / EBITDA | 16.67 | 10.18 | 9.18 | 9.11 | 8.33 | 11.73 | 10.88 | 10.46 | 14.35 | 12.82 | 13.54 |
| EV / EBIT | 22.89 | 15.14 | 13.13 | 13.79 | 11.92 | 17.08 | 16.33 | 15.81 | 21.24 | 17.08 | 17.54 |
| EV / FCF | — | 32.00 | 72.09 | 21.64 | 1693.51 | 188.51 | 12.71 | 60.10 | 122.96 | — | 38.70 |
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 | 17.4% | 17.4% | 17.2% | 17.2% | 16.7% | 17.7% | 16.6% | 16.4% | 16.1% | 16.0% | 15.7% |
| Operating Margin | 4.5% | 4.5% | 4.6% | 4.5% | 4.2% | 4.4% | 3.7% | 3.7% | 4.1% | 4.7% | 4.7% |
| Net Profit Margin | 2.7% | 2.7% | 2.8% | 2.4% | 2.5% | 2.7% | 2.3% | 2.2% | 2.3% | 3.0% | 3.0% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 12.2% | 12.2% | 12.3% | 10.3% | 10.8% | 11.1% | 9.5% | 9.3% | 10.0% | 13.3% | 14.5% |
| ROA | 6.8% | 6.8% | 6.8% | 5.7% | 5.9% | 5.8% | 5.2% | 5.8% | 6.1% | 7.9% | 8.4% |
| ROIC | 13.8% | 13.8% | 14.0% | 13.8% | 12.6% | 13.0% | 11.3% | 11.4% | 13.8% | 17.5% | 19.7% |
| ROCE | 16.4% | 16.4% | 16.5% | 15.4% | 14.1% | 14.1% | 12.6% | 13.6% | 15.5% | 18.1% | 19.9% |
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 | 0.26 | 0.26 | 0.22 | 0.25 | 0.28 | 0.29 | 0.40 | 0.12 | 0.14 | 0.15 | 0.16 |
| Debt / EBITDA | 1.01 | 1.01 | 0.81 | 1.02 | 1.18 | 1.19 | 1.78 | 0.56 | 0.56 | 0.57 | 0.59 |
| Net Debt / Equity | — | 0.06 | 0.11 | 0.03 | 0.04 | 0.07 | 0.04 | -0.01 | 0.01 | -0.08 | -0.15 |
| Net Debt / EBITDA | 0.24 | 0.24 | 0.41 | 0.14 | 0.18 | 0.29 | 0.16 | -0.03 | 0.05 | -0.30 | -0.53 |
| Debt / FCF | — | 0.75 | 3.18 | 0.33 | 37.34 | 4.66 | 0.19 | -0.18 | 0.43 | — | -1.53 |
| Interest Coverage | 18.93 | 18.93 | 16.54 | 16.35 | 17.28 | 21.41 | 16.22 | 29.21 | 127.25 | 20.59 | 23.28 |
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 | 1.34 | 1.34 | 1.22 | 1.38 | 1.34 | 1.31 | 1.23 | 1.21 | 1.40 | 1.40 | 1.39 |
| Quick Ratio | 0.57 | 0.57 | 0.45 | 0.64 | 0.53 | 0.58 | 0.69 | 0.39 | 0.48 | 0.55 | 0.62 |
| Cash Ratio | 0.45 | 0.45 | 0.33 | 0.52 | 0.43 | 0.47 | 0.61 | 0.29 | 0.36 | 0.45 | 0.54 |
| Asset Turnover | — | 2.32 | 2.43 | 2.20 | 2.25 | 2.12 | 2.01 | 2.49 | 2.60 | 2.54 | 2.65 |
| Inventory Turnover | 7.77 | 7.77 | 7.69 | 7.75 | 7.29 | 7.64 | 8.97 | 8.14 | 8.27 | 8.10 | 8.66 |
| Days Sales Outstanding | — | 3.46 | 1.40 | 1.48 | 1.20 | 1.25 | 1.44 | 1.12 | 1.02 | 0.79 | 0.94 |
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 | 0.7% | 1.2% | 2.5% | 1.2% | 1.4% | 0.9% | 1.1% | 1.2% | 0.8% | 0.9% | 0.9% |
| Payout Ratio | 26.7% | 26.7% | 48.3% | 26.5% | 25.7% | 22.7% | 27.9% | 29.9% | 28.9% | 23.8% | 24.4% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 2.8% | 4.5% | 5.1% | 4.4% | 5.3% | 3.8% | 3.9% | 4.0% | 2.8% | 3.7% | 3.5% |
| FCF Yield | 1.9% | 3.2% | 1.5% | 4.7% | 0.1% | 0.5% | 8.0% | 1.7% | 0.8% | — | 2.5% |
| Buyback Yield | 0.1% | 0.2% | 2.7% | 0.5% | 0.3% | 0.2% | 0.2% | 0.3% | 0.1% | 0.1% | 0.1% |
| Total Shareholder Yield | 0.9% | 1.4% | 5.2% | 1.7% | 1.7% | 1.1% | 1.3% | 1.4% | 0.9% | 1.0% | 1.0% |
| Shares Outstanding | — | $30M | $30M | $31M | $31M | $30M | $30M | $30M | $30M | $30M | $30M |
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying PSMT stock.
PriceSmart, Inc.'s current P/E ratio is 35.8x. The historical average is 28.8x. This places it at the 91th percentile of its historical range.
PriceSmart, Inc.'s current EV/EBITDA is 16.7x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 13.3x.
PriceSmart, Inc.'s return on equity (ROE) is 12.2%. The historical average is 5.6%.
Based on historical data, PriceSmart, Inc. is trading at a P/E of 35.8x. This is at the 91th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
PriceSmart, Inc.'s current dividend yield is 0.75% with a payout ratio of 26.7%.
PriceSmart, Inc. has 17.4% gross margin and 4.5% operating margin.
PriceSmart, Inc.'s Debt/EBITDA ratio is 1.0x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.
Key Metrics
Top Statement Risk
Thin operating margins
Metrics are mathematically derived from official filings.
Stable Margins Amid Expansion
PriceSmart's gross margin held at 17.7% for three consecutive quarters through 2026Q3, as reported in financial statements, while operating margin improved to 4.4% from 4.1% a year earlier, indicating disciplined cost control.
The stability in gross margin despite accelerating revenue growth suggests procurement and pricing discipline, but the thin operating margin leaves little buffer for cost inflation or competitive pressure. Net margin of 2.7% in 2026Q3 is consistent with the prior year, reflecting stable earnings quality, though the one-time charge in 2024Q4 distorts historical comparisons.
Modest Returns on Invested Capital
ROIC has remained in a narrow 3.1%-4.1% range over the past ten quarters, as per quarterly filings, indicating stable but low returns on capital, with ROE similarly hovering around 2.5%-3.7%.
The low ROIC relative to peers like Costco (34.5%) and BJ's (13.5%) reflects PriceSmart's asset-heavy warehouse model and lower margin structure. The stability in ROIC suggests the company is not compounding returns, but rather maintaining a consistent level, which may be acceptable given its growth investments in new clubs and infrastructure.
Working Capital Efficiency Improving
Cash conversion cycle lengthened from 1 day in 2024Q2 to 8 days in 2026Q3, as reported in financial statements, driven by a rise in days inventory outstanding from 44 to 47, while DPO remained stable around 42-45.
The modest increase in CCC indicates slightly higher working capital needs, but the absolute level remains low, reflecting efficient inventory management and favorable payment terms with suppliers. Asset turnover has been stable at 0.59-0.65, suggesting that the expansion in assets is being matched by revenue growth, though the capital intensity of the model limits efficiency gains.
Comfortable Leverage with Rising Debt
Debt-to-equity remained stable at 0.23 in 2026Q3, as per SEC filings, while interest coverage improved to 17.0x from 13.8x a year earlier, indicating ample capacity to service debt despite a 25% increase in total debt.
The increase in total debt to $325.5M is likely funding expansion, but the stable D/E and strong interest coverage suggest the balance sheet can absorb additional leverage if needed. However, the D/EBITDA of 3.6x is elevated relative to peers, warranting monitoring if EBITDA growth slows.
Adequate Liquidity with Inventory Dependence
Current ratio improved to 1.21 in 2026Q3 from 1.20 a year earlier, as per quarterly data, but the quick ratio of 0.50 indicates heavy reliance on inventory to meet short-term obligations.
The liquidity position appears adequate for normal operations, but the low quick ratio suggests that a sudden inventory write-down or demand shock could strain liquidity. Cash reserves of $208M provide a buffer, but the company's capital-intensive model requires ongoing access to credit or cash flow to fund growth.
Misapplied P/E in Asset-Heavy Retail
The P/E of 35.0 is often used to gauge PriceSmart's value, but as reported in financial statements, this metric obscures the company's low asset turnover and capital intensity, making EV/EBITDA or P/B more relevant.
PriceSmart's business model relies on physical warehouses and inventory, so earnings multiples can be distorted by depreciation and one-time items. EV/EBITDA of 16.3x provides a clearer picture of operating performance, while P/B of 4.07 reflects the market's premium on its asset base. Investors should focus on ROIC and cash flow metrics rather than P/E alone.