Ryanair Holdings plc (RYAAY) Financial Ratios
30 years of historical data (1997–2026) · Industrials · Airlines, Airports & Air Services
EV/EBITDA
↓
6.73
↓-47% vs avg
5yr avg: 12.65
30Y Low4.8·High70.8
P/FCF
↑
15.01
↓-18% vs avg
5yr avg: 18.30
30Y Low5.4·High131.2
P/B Ratio
↑
2.75
-5% vs avg
5yr avg: 2.89
30Y Low1.8·High10.6
ROE
↑
25.5%
↓+34% vs avg
5yr avg: 19.0%
30Y Low-20%·High53%
Debt/EBITDA
↓
0.39
↓-89% vs avg
5yr avg: 3.47
30Y Low0.1·High13.4
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
RYAAY Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Ryanair Holdings plc trades at 12.7x earnings, 6% below its 5-year average of 13.5x, sitting at the 4th percentile of its historical range. Compared to the Industrials sector median P/E of 25.8x, the stock trades at a discount of 51%. On a free-cash-flow basis, the stock trades at 15.0x P/FCF, 18% below the 5-year average of 18.3x.
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $31.5B | $30.8B | $23.5B | $33.3B | $10.7B | $9.8B | $25.5B | $11.9B | $17.3B | $29.6B | $20.9B |
| Enterprise Value | $30.0B | $29.5B | $22.3B | $32.2B | $11.3B | $12.3B | $28.3B | $13.7B | $19.3B | $32.0B | $24.0B |
| P/E Ratio → | 12.72 | 14.10 | 14.51 | 17.39 | 8.16 | — | — | 18.31 | 19.47 | 20.48 | 15.80 |
| P/S Ratio | 1.74 | 1.97 | 1.68 | 2.48 | 1.00 | 2.05 | 15.61 | 1.40 | 2.25 | 4.14 | 3.14 |
| P/B Ratio | 2.75 | 3.04 | 3.33 | 4.38 | 1.90 | 1.78 | 5.50 | 2.21 | 3.32 | 6.62 | 4.72 |
| P/FCF | 15.01 | 16.95 | 12.59 | 43.53 | 5.44 | 12.98 | 33.65 | 15.89 | 36.76 | 38.79 | 43.71 |
| P/OCF | 7.32 | 8.27 | 6.87 | 10.56 | 2.76 | 5.08 | 13.16 | 8.96 | 9.84 | 13.25 | 10.83 |
P/E links to full P/E history page with 30-year chart
RYAAY EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Ryanair Holdings plc's enterprise value stands at 6.7x EBITDA, 47% below its 5-year average of 12.7x. The Industrials sector median is 13.7x, placing the stock at a 51% discount on an enterprise-value basis.
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.88 | 1.60 | 2.40 | 1.05 | 2.55 | 17.31 | 1.61 | 2.50 | 4.48 | 3.61 |
| EV / EBITDA | 6.73 | 7.64 | 8.04 | 10.54 | 4.76 | 32.27 | — | 7.28 | 11.63 | 14.37 | 11.83 |
| EV / EBIT | 10.48 | 11.91 | 12.04 | 15.63 | 7.41 | — | — | 18.38 | 19.14 | 19.16 | 15.63 |
| EV / FCF | — | 16.25 | 11.96 | 42.05 | 5.70 | 16.15 | 37.31 | 18.25 | 40.94 | 42.00 | 50.33 |
RYAAY Profitability
Margins and return-on-capital ratios measuring operating efficiency
Ryanair Holdings plc earns an operating margin of 15.8%, above the Industrials sector average of 4.3%. ROE of 25.5% indicates solid capital efficiency, compared to the sector median of 8.2%. ROIC of 25.3% represents excellent returns on invested capital versus a sector median of 6.1%.
Margins
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 | 21.0% | 21.0% | 19.0% | 28.8% | 20.6% | 2.5% | -4.1% | 20.9% | 28.6% | 36.9% | 35.4% |
| Operating Margin | 15.8% | 15.8% | 11.2% | 15.3% | 13.4% | -7.1% | -51.3% | 13.3% | 13.2% | 23.3% | 23.1% |
| Net Profit Margin | 14.0% | 14.0% | 11.6% | 14.3% | 12.2% | -5.0% | -62.1% | 7.6% | 11.5% | 20.3% | 19.8% |
Return on Capital
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 25.5% | 25.5% | 22.0% | 28.9% | 23.5% | -4.7% | -20.2% | 12.2% | 18.3% | 32.6% | 32.8% |
| ROA | 11.7% | 11.7% | 9.3% | 11.4% | 8.3% | -1.8% | -7.1% | 4.4% | 6.9% | 11.9% | 11.3% |
| ROIC | 25.3% | 25.3% | 18.9% | 24.4% | 15.3% | -3.3% | -8.6% | 11.8% | 10.8% | 17.2% | 16.5% |
| ROCE | 24.1% | 24.1% | 15.5% | 20.9% | 15.4% | -3.7% | -8.9% | 11.7% | 11.2% | 18.6% | 18.2% |
RYAAY Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Ryanair Holdings plc carries a Debt/EBITDA ratio of 0.4x, which is very conservative (88% below the sector average of 3.2x). The company holds a net cash position — cash of $2.8B exceeds total debt of $1.5B, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns.
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.15 | 0.15 | 0.38 | 0.36 | 0.73 | 0.92 | 1.17 | 0.86 | 0.70 | 0.89 | 0.99 |
| Debt / EBITDA | 0.39 | 0.39 | 0.97 | 0.90 | 1.74 | 13.37 | — | 2.46 | 2.20 | 1.78 | 2.16 |
| Net Debt / Equity | — | -0.13 | -0.17 | -0.15 | 0.09 | 0.43 | 0.60 | 0.33 | 0.38 | 0.55 | 0.71 |
| Net Debt / EBITDA | -0.33 | -0.33 | -0.43 | -0.37 | 0.22 | 6.34 | — | 0.94 | 1.19 | 1.10 | 1.56 |
| Debt / FCF | — | -0.70 | -0.63 | -1.47 | 0.26 | 3.17 | 3.66 | 2.36 | 4.18 | 3.21 | 6.62 |
| Interest Coverage | — | — | 27.83 | 24.83 | 19.78 | -3.70 | -12.03 | 10.19 | 17.04 | 27.81 | 22.88 |
Net cash position: cash ($2.8B) exceeds total debt ($1.5B)
RYAAY Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.90x is below 1.0, meaning current liabilities exceed current assets — though the company's $2.8B cash position helps mitigate short-term liquidity concerns.
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.90 | 0.90 | 0.74 | 0.91 | 0.80 | 1.01 | 0.98 | 0.82 | 0.93 | 1.23 | 1.56 |
| Quick Ratio | 0.90 | 0.90 | 0.74 | 0.91 | 0.80 | 1.01 | 0.98 | 0.82 | 0.93 | 1.23 | 1.56 |
| Cash Ratio | 0.42 | 0.42 | 0.49 | 0.64 | 0.63 | 0.67 | 0.88 | 0.69 | 0.77 | 1.07 | 1.37 |
| Asset Turnover | — | 0.79 | 0.80 | 0.78 | 0.66 | 0.32 | 0.13 | 0.52 | 0.58 | 0.58 | 0.55 |
| Inventory Turnover | 2573.15 | 2573.15 | 2456.11 | 1542.97 | 1425.37 | 1088.42 | 472.97 | 1856.18 | 1894.07 | 1219.54 | 1385.16 |
| Days Sales Outstanding | — | 1.03 | 1.92 | 2.07 | 2.02 | 3.31 | 4.15 | 5.39 | 2.86 | 2.94 | 2.98 |
RYAAY Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Ryanair Holdings plc returns 3.6% to shareholders annually — split between a 1.6% dividend yield and 2.0% buyback yield. The payout ratio of 20.4% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 7.9% (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 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 1.6% | 1.5% | 1.9% | 0.6% | — | — | — | — | — | — | — |
| Payout Ratio | 20.4% | 20.4% | 27.2% | 10.4% | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 7.9% | 7.1% | 6.9% | 5.8% | 12.2% | — | — | 5.5% | 5.1% | 4.9% | 6.3% |
| FCF Yield | 6.7% | 5.9% | 7.9% | 2.3% | 18.4% | 7.7% | 3.0% | 6.3% | 2.7% | 2.6% | 2.3% |
| Buyback Yield | 2.0% | 1.8% | 6.3% | 0.0% | 0.0% | 0.0% | 0.0% | 4.9% | 3.1% | 2.8% | 4.9% |
| Total Shareholder Yield | 3.6% | 3.2% | 8.2% | 0.6% | 0.0% | 0.0% | 0.0% | 4.9% | 3.1% | 2.8% | 4.9% |
| Shares Outstanding | — | $532M | $554M | $573M | $285M | $283M | $555M | $560M | $577M | $602M | $629M |
Peer Comparison
Compare RYAAY 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 |
|---|---|---|---|---|---|---|---|---|---|
 RYAAYYou | $31B | 12.7 | 6.7 | 15.0 | 21.0% | 15.8% | 25.5% | 25.3% | 0.4 |
 LUV | $22B | 57.6 | 12.6 | — | 17.4% | 1.5% | 4.8% | 3.0% | 3.0 |
 ULCC | $1B | -10.4 | — | — | 35.5% | -4.0% | -25.0% | -2.3% | — |
 SNCY | $876M | 16.8 | 6.6 | 10.4 | 66.9% | 8.9% | 8.8% | 6.9% | 3.0 |
 DAL | $54B | 10.8 | 8.6 | 14.1 | 22.8% | 9.2% | 27.8% | 12.0% | 2.6 |
 UAL | $38B | 11.3 | 8.2 | 14.7 | 64.1% | 8.0% | 24.0% | 9.1% | 4.1 |
 AAL | $10B | 88.1 | 12.8 | — | 19.2% | 2.7% | — | 3.5% | 10.5 |
 ALK | $5B | 54.4 | 10.6 | — | 59.7% | 2.1% | 2.4% | 2.3% | 6.3 |
 JBLU | $2B | -3.0 | 31.5 | — | 33.9% | -4.1% | -25.3% | -2.7% | 32.0 |
 BA | $173B | 88.3 | — | — | 4.8% | -6.1% | 289.7% | -9.5% | — |
 GE | $350B | 41.1 | 35.9 | 48.2 | 36.8% | 19.1% | 45.3% | 24.7% | 2.1 |
| Industrials Median | — | 25.8 | 13.7 | 20.3 | 31.8% | 4.3% | 8.2% | 6.1% | 3.2 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 30 years · Updated daily
Full RYAAY Stock Analysis
Analyst consensus, bull case, AI-generated risk factors, and peer comparison — all in one place.
What if you invested $1,000 in RYAAY 10 years ago?
Total return calculator · dividends reinvested
Calculate ReturnsHow much would $100/month in RYAAY be worth today?
Dollar cost averaging vs lump sum · see how regular investing compounds over time
Run the NumbersIs RYAAY Undervalued Right Now?
DCF intrinsic value, peer multiples, and analyst estimates — see what the stock is really worth.
View ValuationRYAAY vs LUV — which is the better buy?
Side-by-side revenue, margins, P/E and 10-year returns vs Southwest Airlines Co..
Compare NowRYAAY — Frequently Asked Questions
Quick answers to the most common questions about buying RYAAY stock.
What is Ryanair Holdings plc's P/E ratio?
Ryanair Holdings plc's current P/E ratio is 12.7x. The historical average is 23.4x. This places it at the 4th percentile of its historical range.
What is Ryanair Holdings plc's EV/EBITDA?
Ryanair Holdings plc's current EV/EBITDA is 6.7x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 20.4x.
What is Ryanair Holdings plc's ROE?
Ryanair Holdings plc's return on equity (ROE) is 25.5%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 20.1%.
Is RYAAY stock overvalued?
Based on historical data, Ryanair Holdings plc is trading at a P/E of 12.7x. This is at the 4th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Ryanair Holdings plc's dividend yield?
Ryanair Holdings plc's current dividend yield is 1.61% with a payout ratio of 20.4%.
What are Ryanair Holdings plc's profit margins?
Ryanair Holdings plc has 21.0% gross margin and 15.8% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does Ryanair Holdings plc have?
Ryanair Holdings plc's Debt/EBITDA ratio is 0.4x, indicating low leverage. A ratio below 2x is generally considered financially healthy.