Latest Ratios: P/E Ratio -10.8x · EV/EBITDA 85.0x · ROE N/A. (2018–2024 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|
| Market Cap | $487M | $1.5B | $1.4B | $748M | $2.2B | — | — | — |
| Enterprise Value | $2.7B | $3.6B | $3.5B | $2.7B | $3.9B | — | — | — |
| P/E Ratio → | -10.83 | — | — | — | — | — | — | — |
| P/S Ratio | 0.40 | 1.21 | 1.23 | 0.77 | 3.96 | — | — | — |
| P/B Ratio | — | — | — | — | 12.18 | — | — | — |
| P/FCF | 62.85 | 187.73 | — | — | — | — | — | — |
| P/OCF | 5.43 | 16.21 | 29.64 | 63.05 | — | — | — | — |
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 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 3.03 | 3.12 | 2.76 | 6.98 | — | — | — |
| EV / EBITDA | 84.98 | 115.71 | 40.10 | — | — | — | — | — |
| EV / EBIT | — | — | — | — | — | — | — | — |
| EV / FCF | — | 470.29 | — | — | — | — | — | — |
Margins and return-on-capital ratios measuring operating efficiency
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 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 47.0% | 47.0% | 48.1% | 45.6% | 44.9% | 42.8% | 9.4% | 12.0% |
| Operating Margin | -5.8% | -5.8% | -2.0% | -15.5% | -33.5% | -40.3% | -6.0% | -2.4% |
| Net Profit Margin | -13.5% | -13.5% | -10.4% | -23.0% | -47.3% | -59.4% | -19.9% | -15.9% |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|
| ROE | — | — | — | -268.7% | -145.7% | — | — | — |
| ROA | -6.6% | -6.6% | -4.7% | -9.2% | -11.8% | -11.2% | -7.5% | -6.4% |
| ROIC | -2.7% | -2.7% | -0.9% | -6.0% | -8.1% | -7.2% | -2.1% | -0.9% |
| ROCE | -3.4% | -3.4% | -1.1% | -7.3% | -9.9% | -9.1% | -2.8% | -1.3% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|
| Debt / Equity | — | — | — | — | 10.45 | — | — | — |
| Debt / EBITDA | 74.37 | 74.37 | 26.14 | — | — | — | 97.64 | 36.11 |
| Net Debt / Equity | — | — | — | — | 9.28 | — | — | — |
| Net Debt / EBITDA | 69.52 | 69.52 | 24.34 | — | — | — | 95.28 | 34.04 |
| Debt / FCF | — | 282.57 | — | — | — | — | — | — |
| Interest Coverage | -0.84 | -0.84 | -0.27 | -2.11 | -2.23 | -1.99 | -0.60 | -0.24 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.82 | 0.82 | 0.91 | 0.96 | 0.99 | 0.38 | 0.49 | 0.48 |
| Quick Ratio | 0.70 | 0.70 | 0.78 | 0.82 | 0.90 | 0.31 | 0.39 | 0.43 |
| Cash Ratio | 0.33 | 0.33 | 0.38 | 0.46 | 0.65 | 0.15 | 0.16 | 0.21 |
| Asset Turnover | — | 0.49 | 0.45 | 0.40 | 0.24 | 0.18 | 0.33 | 0.40 |
| Inventory Turnover | 11.73 | 11.73 | 10.23 | 9.17 | 10.40 | 9.76 | 20.43 | 27.00 |
| Days Sales Outstanding | — | 49.47 | 48.22 | 43.96 | 16.21 | 48.31 | 34.04 | 39.95 |
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 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | 0.9% | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | — | — | — |
| FCF Yield | 1.6% | 0.5% | — | — | — | — | — | — |
| Buyback Yield | 3.6% | 1.2% | 0.9% | 6.7% | 0.0% | — | — | — |
| Total Shareholder Yield | 3.6% | 1.2% | 0.9% | 6.7% | 0.9% | — | — | — |
| Shares Outstanding | — | $195M | $196M | $200M | $174M | $202M | $205M | $205M |
High leverage and liquidity
As reported in recent market data, SHCO trades at an EV/EBITDA multiple of 84.98, a figure that appears disconnected from the company's historical inability to generate consistent GAAP earnings, suggesting that investors are pricing in significant future growth that remains unproven by current operational performance metrics.
The elevated EV/EBITDA multiple relative to traditional hospitality peers indicates that the market is attempting to value the firm as a high-growth platform rather than a standard lodging operator. However, given the persistent negative net margins and the lack of a clear path to profitability, this valuation appears to rely heavily on optimistic assumptions regarding future membership monetization and operational scaling.
Based on the provided financial data, the company's ROIC has struggled to remain positive, fluctuating between -2.8% and 2.3% over the last ten quarters, which suggests that the capital deployed into new house openings is currently failing to generate returns that exceed the cost of capital.
The inability to consistently compound returns on invested capital highlights the inherent inefficiency of the company's asset-heavy expansion strategy. Investors should monitor whether management can pivot toward a more capital-light model, as the current trend indicates that each additional dollar of invested capital is diluting overall shareholder value.
According to the latest quarterly filings, the company's cash conversion cycle remains erratic, with a reported value of -197 days in 2025Q3, reflecting significant volatility in how the firm manages its payables relative to its inventory and receivables in a high-touch hospitality environment.
The extreme fluctuations in the cash conversion cycle suggest that the company may be relying on extended payment terms with suppliers to manage its liquidity position. This reliance on supplier leverage warrants further investigation, as it may mask underlying operational difficulties in managing working capital effectively during periods of rapid expansion.
As evidenced by the compression of the current ratio from 0.98 in 2023Q2 to 0.72 in 2025Q3, the company's liquidity position appears to be deteriorating, leaving it with limited flexibility to navigate potential downturns in discretionary travel spending or unexpected spikes in operational costs.
The decline in the quick ratio to 0.60 further underscores the vulnerability of the balance sheet, as the firm's ability to meet short-term obligations without liquidating inventory or raising additional capital is diminishing. This trend suggests that the company is operating with a thin margin of safety that could be tested under stress.
The most commonly misapplied metric for SHCO is the traditional RevPAR, which fails to capture the value of the membership-first model and obscures the recurring nature of dues that provide a buffer against the cyclicality inherent in standard hotel operations, as noted in institutional research.
While RevPAR is a standard benchmark for the industry, it ignores the 'waitlist' psychology and the status-driven moat that defines the Soho House brand. Analysts should instead focus on 'Member Retention Rate' and 'House-Level Contribution' to better understand the true earning power and long-term sustainability of the business model.
Includes 30+ ratios · 7 years · Updated daily
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Quick answers to the most common questions about buying SHCO stock.
Soho House & Co Inc.'s current P/E ratio is -10.8x. This places it at the 50th percentile of its historical range.
Soho House & Co Inc.'s current EV/EBITDA is 85.0x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 40.1x.
Based on historical data, Soho House & Co Inc. is trading at a P/E of -10.8x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Soho House & Co Inc. has 47.0% gross margin and -5.8% operating margin.
Soho House & Co Inc.'s Debt/EBITDA ratio is 74.4x, indicating high leverage. A ratio above 4x may signal elevated financial risk.