Sally Beauty Holdings, Inc. (SBH) Financial Ratios
22 years of historical data (2004–2025) · Consumer Cyclical · Specialty Retail
EV/EBITDA
↑
6.39
-6% vs avg
5yr avg: 6.83
30Y Low5.8·High11.8
P/FCF
↑
7.64
↓-32% vs avg
5yr avg: 11.21
30Y Low3.2·High24.3
P/B Ratio
↓
1.81
↓-49% vs avg
5yr avg: 3.57
30Y Low1.8·High64.5
ROE
↓
27.5%
↑-58% vs avg
5yr avg: 65.3%
30Y Low12%·High162%
Debt/EBITDA
↓
3.65
↓-6% vs avg
5yr avg: 3.87
30Y Low0.0·High6.4
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
SBH Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Sally Beauty Holdings, Inc. trades at 7.3x earnings, 5% below its 5-year average of 7.7x, sitting at the 11th percentile of its historical range. Compared to the Consumer Cyclical sector median P/E of 21.2x, the stock trades at a discount of 65%. On a free-cash-flow basis, the stock trades at 7.6x P/FCF, 32% below the 5-year average of 11.2x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $1.3B | $1.7B | $1.5B | $916M | $1.4B | $1.9B | $997M | $1.8B | $2.3B | $2.7B | $3.8B |
| Enterprise Value | $2.7B | $3.1B | $2.9B | $2.5B | $3.1B | $3.5B | $2.8B | $3.3B | $4.0B | $4.5B | $5.5B |
| P/E Ratio → | 7.32 | 8.61 | 9.49 | 4.96 | 7.59 | 8.02 | 8.78 | 6.59 | 8.84 | 12.55 | 17.12 |
| P/S Ratio | 0.36 | 0.46 | 0.39 | 0.25 | 0.36 | 0.50 | 0.28 | 0.46 | 0.58 | 0.69 | 0.97 |
| P/B Ratio | 1.81 | 2.13 | 2.31 | 1.80 | 4.73 | 6.85 | 64.53 | — | — | — | — |
| P/FCF | 7.64 | 9.79 | 9.98 | 5.78 | 24.27 | 6.25 | 3.15 | 8.42 | 7.96 | 10.62 | 19.13 |
| P/OCF | 4.80 | 6.15 | 5.89 | 3.68 | 8.88 | 5.04 | 2.33 | 5.59 | 6.11 | 7.86 | 10.89 |
P/E links to full P/E history page with 30-year chart
SBH EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Sally Beauty Holdings, Inc.'s enterprise value stands at 6.4x EBITDA, 6% below its 5-year average of 6.8x. The Consumer Cyclical sector median is 12.2x, placing the stock at a 48% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.84 | 0.79 | 0.66 | 0.80 | 0.89 | 0.80 | 0.85 | 1.01 | 1.15 | 1.40 |
| EV / EBITDA | 6.39 | 7.26 | 7.49 | 5.78 | 6.98 | 6.66 | 7.73 | 7.24 | 7.42 | 7.63 | 9.23 |
| EV / EBIT | 8.34 | 9.47 | 10.37 | 7.29 | 7.77 | 8.11 | 10.36 | 7.23 | 9.32 | 9.42 | 11.08 |
| EV / FCF | — | 17.97 | 20.23 | 15.57 | 53.33 | 11.26 | 8.95 | 15.58 | 13.89 | 17.70 | 27.62 |
SBH Profitability
Margins and return-on-capital ratios measuring operating efficiency
Sally Beauty Holdings, Inc. earns an operating margin of 8.9%, above the Consumer Cyclical sector average of 2.0%. ROE of 27.5% indicates solid capital efficiency, compared to the sector median of 5.3%. ROIC of 11.4% represents solid returns on invested capital versus a sector median of 5.2%.
Margins
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 | 51.6% | 51.6% | 50.9% | 50.8% | 50.8% | 50.4% | 48.8% | 49.3% | 49.4% | 49.9% | 49.7% |
| Operating Margin | 8.9% | 8.9% | 7.6% | 8.7% | 8.8% | 10.8% | 7.4% | 9.0% | 10.8% | 12.2% | 12.6% |
| Net Profit Margin | 5.3% | 5.3% | 4.1% | 5.0% | 4.8% | 6.2% | 3.2% | 7.0% | 6.6% | 5.5% | 5.6% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 27.5% | 27.5% | 27.0% | 46.0% | 63.9% | 162.0% | 733.3% | — | — | — | — |
| ROA | 6.9% | 6.9% | 5.6% | 7.0% | 6.8% | 8.4% | 4.5% | 12.9% | 12.2% | 10.1% | 10.5% |
| ROIC | 11.4% | 11.4% | 10.1% | 12.1% | 13.4% | 17.1% | 11.7% | 18.2% | 22.3% | 25.1% | 27.0% |
| ROCE | 14.6% | 14.6% | 13.0% | 16.0% | 16.5% | 18.5% | 13.0% | 21.6% | 27.0% | 30.0% | 30.7% |
SBH Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Sally Beauty Holdings, Inc. carries a Debt/EBITDA ratio of 3.7x, which is moderately leveraged (23% below the sector average of 4.8x). Net debt stands at $1.4B ($1.6B total debt minus $149M cash). Interest coverage of 5.1x is adequate, though a cyclical earnings downturn could tighten the margin of safety.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.97 | 1.97 | 2.54 | 3.29 | 5.91 | 6.92 | 151.83 | — | — | — | — |
| Debt / EBITDA | 3.65 | 3.65 | 4.07 | 3.92 | 3.96 | 3.73 | 6.41 | 3.48 | 3.31 | 3.16 | 2.98 |
| Net Debt / Equity | — | 1.78 | 2.37 | 3.05 | 5.67 | 5.49 | 118.54 | — | — | — | — |
| Net Debt / EBITDA | 3.31 | 3.31 | 3.80 | 3.63 | 3.80 | 2.96 | 5.01 | 3.33 | 3.17 | 3.05 | 2.84 |
| Debt / FCF | — | 8.19 | 10.25 | 9.79 | 29.06 | 5.01 | 5.79 | 7.16 | 5.93 | 7.08 | 8.50 |
| Interest Coverage | 5.09 | 5.09 | 3.71 | 4.64 | 4.20 | 4.57 | 2.76 | 4.76 | 4.35 | 3.60 | 3.45 |
SBH Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Sally Beauty Holdings, Inc.'s current ratio of 2.26x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The quick ratio of 0.54x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory. The current ratio has improved from 2.12x to 2.26x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.26 | 2.26 | 2.20 | 2.12 | 1.70 | 2.08 | 2.54 | 2.55 | 2.35 | 2.04 | 2.40 |
| Quick Ratio | 0.54 | 0.54 | 0.45 | 0.44 | 0.29 | 0.77 | 1.10 | 0.46 | 0.43 | 0.42 | 0.54 |
| Cash Ratio | 0.26 | 0.26 | 0.18 | 0.21 | 0.11 | 0.60 | 0.91 | 0.16 | 0.16 | 0.11 | 0.18 |
| Asset Turnover | — | 1.29 | 1.33 | 1.37 | 1.48 | 1.36 | 1.21 | 1.85 | 1.87 | 1.85 | 1.85 |
| Inventory Turnover | 1.81 | 1.81 | 1.76 | 1.88 | 2.01 | 2.20 | 2.21 | 2.06 | 2.11 | 2.12 | 2.19 |
| Days Sales Outstanding | — | 11.49 | 9.05 | 7.43 | 6.91 | 6.27 | 5.86 | 9.84 | 8.40 | 8.55 | 7.76 |
SBH Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Sally Beauty Holdings, Inc. returns 4.1% to shareholders annually primarily through share buybacks. The earnings yield of 13.7% (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 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 13.7% | 11.6% | 10.5% | 20.2% | 13.2% | 12.5% | 11.4% | 15.2% | 11.3% | 8.0% | 5.8% |
| FCF Yield | 13.1% | 10.2% | 10.0% | 17.3% | 4.1% | 16.0% | 31.7% | 11.9% | 12.6% | 9.4% | 5.2% |
| Buyback Yield | 4.1% | 3.2% | 4.2% | 1.7% | 9.4% | 0.0% | 6.2% | 2.6% | 7.3% | 12.8% | 5.5% |
| Total Shareholder Yield | 4.1% | 3.2% | 4.2% | 1.7% | 9.4% | 0.0% | 6.2% | 2.6% | 7.3% | 12.8% | 5.5% |
| Shares Outstanding | — | $104M | $107M | $109M | $110M | $114M | $115M | $120M | $124M | $138M | $149M |
Peer Comparison
Compare SBH 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 |
|---|---|---|---|---|---|---|---|---|---|
 SBHYou | $1B | 7.3 | 6.4 | 7.6 | 51.6% | 8.9% | 27.5% | 11.4% | 3.7 |
 ULTA | $20B | 17.8 | 11.6 | 18.4 | 39.1% | 12.5% | 43.6% | 28.1% | 1.2 |
 PRGO | $1B | -1.0 | 7.1 | 9.8 | 35.1% | 8.1% | -39.3% | 3.7% | 5.8 |
 ELF | $4B | 145.9 | 21.1 | 20.1 | 70.7% | 8.0% | 5.8% | 7.3% | 4.4 |
 COTY | $2B | -4.4 | 8.6 | 6.2 | 64.8% | 4.1% | -9.0% | 2.3% | 6.4 |
 REGN | $63B | 14.7 | 15.3 | 15.5 | 85.4% | 24.9% | 14.9% | 8.9% | 0.7 |
 SMSI | $12M | -0.4 | — | — | 74.1% | -110.8% | -101.8% | -48.3% | — |
 FTDR | $5B | 20.9 | 11.6 | 12.9 | 55.3% | 19.1% | 106.0% | 31.2% | 2.5 |
 CENT | $3B | 16.9 | 9.3 | 9.3 | 31.1% | 8.5% | 10.4% | 9.1% | 4.1 |
 EL | $31B | -26.9 | 20.8 | 45.7 | 73.9% | 6.7% | -24.7% | 6.5% | 5.3 |
 PG | $351B | 23.1 | 16.2 | 25.0 | 51.2% | 24.3% | 31.1% | 20.1% | 1.5 |
| Consumer Cyclical Median | — | 21.2 | 12.2 | 15.6 | 36.2% | 2.0% | 5.3% | 5.2% | 4.8 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 22 years · Updated daily
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SBH — Frequently Asked Questions
Quick answers to the most common questions about buying SBH stock.
What is Sally Beauty Holdings, Inc.'s P/E ratio?
Sally Beauty Holdings, Inc.'s current P/E ratio is 7.3x. The historical average is 13.8x. This places it at the 11th percentile of its historical range.
What is Sally Beauty Holdings, Inc.'s EV/EBITDA?
Sally Beauty Holdings, Inc.'s current EV/EBITDA is 6.4x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 8.5x.
What is Sally Beauty Holdings, Inc.'s ROE?
Sally Beauty Holdings, Inc.'s return on equity (ROE) is 27.5%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 44.7%.
Is SBH stock overvalued?
Based on historical data, Sally Beauty Holdings, Inc. is trading at a P/E of 7.3x. This is at the 11th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What are Sally Beauty Holdings, Inc.'s profit margins?
Sally Beauty Holdings, Inc. has 51.6% gross margin and 8.9% operating margin.
How much debt does Sally Beauty Holdings, Inc. have?
Sally Beauty Holdings, Inc.'s Debt/EBITDA ratio is 3.7x, indicating high leverage. A ratio between 2-4x is manageable but warrants monitoring.