PVH Corp. (PVH) Financial Ratios
30 years of historical data (1995–2024) · Consumer Cyclical · Apparel - Manufacturers
EV/EBITDA
↓
6.60
↓-25% vs avg
5yr avg: 8.80
30Y Low4.4·High16.2
P/FCF
↓
6.95
↓-31% vs avg
5yr avg: 10.09
30Y Low4.3·High101.1
P/B Ratio
↓
0.97
↓-21% vs avg
5yr avg: 1.24
30Y Low0.8·High3.9
ROE
↑
11.7%
↓+124% vs avg
5yr avg: 5.2%
30Y Low-26%·High23%
Debt/EBITDA
↓
3.35
↓-6% vs avg
5yr avg: 3.55
30Y Low1.1·High6.9
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
PVH Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
PVH Corp. trades at 8.4x earnings, 41% below its 5-year average of 14.1x, sitting at the 8th percentile of its historical range. Compared to the Consumer Cyclical sector median P/E of 19.3x, the stock trades at a discount of 57%. On a free-cash-flow basis, the stock trades at 6.9x P/FCF, 31% below the 5-year average of 10.1x.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $4.0B | $5.1B | $7.4B | $6.0B | $6.8B | $6.1B | $6.5B | $8.4B | $12.5B | $7.6B | $6.1B |
| Enterprise Value | $6.7B | $7.7B | $10.2B | $9.2B | $9.5B | $9.8B | $10.7B | $10.8B | $15.1B | $10.1B | $8.8B |
| P/E Ratio → | 8.36 | 8.48 | 11.18 | 29.67 | 7.18 | — | 15.59 | 11.30 | 23.11 | 13.82 | 10.65 |
| P/S Ratio | 0.47 | 0.59 | 0.80 | 0.66 | 0.75 | 0.85 | 0.66 | 0.87 | 1.41 | 0.93 | 0.76 |
| P/B Ratio | 0.97 | 0.99 | 1.45 | 1.19 | 1.29 | 1.28 | 1.12 | 1.45 | 2.27 | 1.58 | 1.34 |
| P/FCF | 6.95 | 8.73 | 10.24 | — | 8.50 | 12.89 | 9.63 | 17.83 | 36.72 | 10.72 | 9.59 |
| P/OCF | 5.46 | 6.86 | 7.65 | 151.82 | 6.38 | 8.70 | 6.37 | 9.89 | 17.93 | 7.95 | 6.78 |
P/E links to full P/E history page with 30-year chart
PVH EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
PVH Corp.'s enterprise value stands at 6.6x EBITDA, 25% below its 5-year average of 8.8x. The Consumer Cyclical sector median is 11.3x, placing the stock at a 42% discount on an enterprise-value basis.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.89 | 1.11 | 1.02 | 1.04 | 1.38 | 1.08 | 1.12 | 1.70 | 1.23 | 1.09 |
| EV / EBITDA | 6.60 | 7.62 | 8.31 | 10.40 | 8.86 | — | 15.70 | 8.94 | 15.58 | 9.55 | 8.75 |
| EV / EBIT | 9.15 | 9.62 | 10.90 | 19.32 | 8.82 | — | 18.89 | 12.06 | 23.69 | 12.67 | 11.46 |
| EV / FCF | — | 13.27 | 14.14 | — | 11.88 | 20.86 | 15.78 | 22.86 | 44.29 | 14.23 | 13.78 |
PVH Profitability
Margins and return-on-capital ratios measuring operating efficiency
PVH Corp. earns an operating margin of 8.5%, above the Consumer Cyclical sector average of 2.9%. Operating margins have expanded from 6.5% to 8.5% over the past 3 years, signaling improving operational efficiency. ROE of 11.7% is modest. ROIC of 7.0% represents adequate returns on invested capital versus a sector median of 5.8%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 59.4% | 59.4% | 58.2% | 56.8% | 58.2% | 53.0% | 54.4% | 55.0% | 54.9% | 53.3% | 51.9% |
| Operating Margin | 8.5% | 8.5% | 10.1% | 6.5% | 8.3% | -6.5% | 3.6% | 9.1% | 7.2% | 8.9% | 9.3% |
| Net Profit Margin | 6.9% | 6.9% | 7.2% | 2.2% | 10.4% | -15.9% | 4.2% | 7.7% | 6.0% | 6.7% | 7.1% |
Return on Capital
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 11.7% | 11.7% | 13.1% | 3.9% | 19.0% | -21.6% | 7.2% | 13.1% | 10.4% | 11.7% | 12.8% |
| ROA | 5.4% | 5.4% | 5.8% | 1.7% | 7.4% | -8.4% | 3.3% | 6.3% | 4.7% | 5.0% | 5.3% |
| ROIC | 7.0% | 7.0% | 8.6% | 5.4% | 6.9% | -3.8% | 2.9% | 8.0% | 6.3% | 7.6% | 7.6% |
| ROCE | 8.8% | 8.8% | 10.7% | 6.3% | 7.5% | -4.2% | 3.3% | 8.8% | 6.6% | 7.9% | 8.0% |
PVH Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
PVH Corp. carries a Debt/EBITDA ratio of 3.3x, which is moderately leveraged (22% below the sector average of 4.3x). Net debt stands at $2.6B ($3.4B total debt minus $748M cash). Interest coverage of 8.1x is adequate, though a cyclical earnings downturn could tighten the margin of safety.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.66 | 0.66 | 0.69 | 0.76 | 0.75 | 1.14 | 0.80 | 0.49 | 0.56 | 0.67 | 0.71 |
| Debt / EBITDA | 3.35 | 3.35 | 2.87 | 4.31 | 3.67 | — | 6.86 | 2.34 | 3.17 | 3.05 | 3.21 |
| Net Debt / Equity | — | 0.51 | 0.55 | 0.65 | 0.51 | 0.79 | 0.71 | 0.41 | 0.47 | 0.52 | 0.58 |
| Net Debt / EBITDA | 2.61 | 2.61 | 2.29 | 3.69 | 2.52 | — | 6.12 | 1.97 | 2.66 | 2.36 | 2.66 |
| Debt / FCF | — | 4.54 | 3.90 | — | 3.37 | 7.97 | 6.15 | 5.03 | 7.57 | 3.51 | 4.18 |
| Interest Coverage | 8.14 | 8.14 | 9.41 | 6.54 | 7.03 | -3.70 | 2.96 | 7.25 | 5.03 | 6.07 | 6.36 |
PVH Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.27x means PVH Corp. can comfortably meet its short-term obligations, though there is limited excess liquidity. The quick ratio of 0.72x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.27 | 1.27 | 1.18 | 1.29 | 1.31 | 1.53 | 1.44 | 1.71 | 1.62 | 1.84 | 1.84 |
| Quick Ratio | 0.72 | 0.72 | 0.66 | 0.64 | 0.83 | 0.98 | 0.75 | 0.80 | 0.77 | 1.00 | 0.98 |
| Cash Ratio | 0.27 | 0.27 | 0.26 | 0.20 | 0.45 | 0.64 | 0.21 | 0.24 | 0.26 | 0.47 | 0.36 |
| Asset Turnover | — | 0.78 | 0.83 | 0.77 | 0.74 | 0.54 | 0.73 | 0.81 | 0.75 | 0.74 | 0.75 |
| Inventory Turnover | 2.33 | 2.33 | 2.72 | 2.16 | 2.84 | 2.37 | 2.80 | 2.51 | 2.53 | 2.91 | 2.92 |
| Days Sales Outstanding | — | 36.96 | 31.96 | 38.23 | 30.51 | 34.11 | 28.18 | 30.38 | 28.51 | 28.54 | 31.21 |
PVH Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
PVH Corp. returns 13.1% to shareholders annually — split between a 0.2% dividend yield and 13.0% buyback yield. The payout ratio of 1.4% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 12.0% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 0.2% | 0.2% | 0.1% | 0.2% | 0.0% | 0.0% | 0.2% | 0.1% | 0.1% | 0.2% | 0.2% |
| Payout Ratio | 1.4% | 1.4% | 1.4% | 5.0% | 0.3% | — | 2.7% | 1.6% | 2.2% | 2.2% | 2.2% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 12.0% | 11.8% | 8.9% | 3.4% | 13.9% | — | 6.4% | 8.9% | 4.3% | 7.2% | 9.4% |
| FCF Yield | 14.4% | 11.5% | 9.8% | — | 11.8% | 7.8% | 10.4% | 5.6% | 2.7% | 9.3% | 10.4% |
| Buyback Yield | 13.0% | 10.3% | 7.7% | 7.0% | 5.3% | 1.9% | 5.3% | 3.9% | 2.1% | 4.2% | 2.3% |
| Total Shareholder Yield | 13.1% | 10.5% | 7.8% | 7.2% | 5.3% | 2.0% | 5.5% | 4.0% | 2.2% | 4.4% | 2.5% |
| Shares Outstanding | — | $57M | $62M | $66M | $72M | $71M | $75M | $77M | $81M | $81M | $83M |
Peer Comparison
Compare PVH with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 PVHYou | $4B | 8.4 | 6.6 | 6.9 | 59.4% | 8.5% | 11.7% | 7.0% | 3.3 |
 RL | $49B | 31.0 | 43.0 | 47.8 | 68.6% | 13.2% | 29.5% | 20.6% | 2.3 |
 CPRI | $2B | -1.9 | — | 14.5 | 63.6% | -16.9% | -119.9% | -13.6% | — |
 VFC | $7B | -37.4 | 21.5 | 21.1 | 53.5% | 3.2% | -8.6% | 2.7% | 9.5 |
 HBI | $2B | -7.1 | 16.6 | 10.1 | 38.8% | 5.3% | -141.4% | 4.5% | 9.2 |
 LEVI | $9B | 15.4 | 11.6 | 26.8 | 61.7% | 10.8% | 27.2% | 13.9% | 2.6 |
 OXM | $634M | 7.3 | 5.7 | 10.6 | 62.9% | 7.8% | 15.7% | 9.1% | 2.4 |
 GIII | $1B | 20.5 | 4.9 | — | 39.4% | 5.3% | 3.9% | 7.5% | 0.1 |
 GES | $877M | 21.8 | 8.7 | 24.6 | 43.4% | 5.8% | 9.4% | 7.8% | 5.9 |
 CRI | $1B | 12.9 | 9.8 | 17.9 | 45.4% | 5.0% | 10.3% | 6.7% | 6.1 |
 TPR | $29B | 172.4 | 49.2 | 26.2 | 75.4% | 5.9% | 9.8% | 6.8% | 6.1 |
| Consumer Cyclical Median | — | 19.3 | 11.3 | 14.6 | 37.9% | 2.9% | 5.8% | 5.8% | 4.3 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Start ComparisonPVH — Frequently Asked Questions
Quick answers to the most common questions about buying PVH stock.
What is PVH Corp.'s P/E ratio?
PVH Corp.'s current P/E ratio is 8.4x. The historical average is 20.4x. This places it at the 8th percentile of its historical range.
What is PVH Corp.'s EV/EBITDA?
PVH Corp.'s current EV/EBITDA is 6.6x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 9.5x.
What is PVH Corp.'s ROE?
PVH Corp.'s return on equity (ROE) is 11.7%. The historical average is 8.5%.
Is PVH stock overvalued?
Based on historical data, PVH Corp. is trading at a P/E of 8.4x. This is at the 8th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is PVH Corp.'s dividend yield?
PVH Corp.'s current dividend yield is 0.17% with a payout ratio of 1.4%.
What are PVH Corp.'s profit margins?
PVH Corp. has 59.4% gross margin and 8.5% operating margin.
How much debt does PVH Corp. have?
PVH Corp.'s Debt/EBITDA ratio is 3.3x, indicating high leverage. A ratio between 2-4x is manageable but warrants monitoring.