Latest Ratios: P/E Ratio 12.8x · EV/EBITDA 2.2x · ROE 11.1%. (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 | $1.4B | $1.0B | $1.6B | $1.9B | $1.3B | $3.2B | $2.1B | $1.6B | $883M | $598M | $598M |
| Enterprise Value | $3.1B | $2.8B | $3.2B | $3.4B | $2.9B | $5.0B | $2.5B | $2.1B | $1.3B | $1.2B | $1.2B |
| P/E Ratio → | 12.79 | 14.05 | 13.20 | — | 107.38 | 23.78 | 10.27 | 9.30 | 101.19 | 92.50 | — |
| P/S Ratio | 0.30 | 0.22 | 0.38 | 0.47 | 0.31 | 0.70 | 0.76 | 0.60 | 0.33 | 0.22 | 0.20 |
| P/B Ratio | 2.04 | 1.48 | 2.59 | 3.33 | 2.53 | 6.26 | 3.61 | 3.52 | 3.08 | 2.19 | 2.26 |
| P/FCF | 2.94 | 4.31 | 33.68 | 12.71 | 3.27 | 9.73 | 10.57 | 8.31 | 4.43 | 13.26 | 2.04 |
| P/OCF | 4.62 | 3.37 | 15.58 | 9.32 | 2.84 | 8.18 | 9.03 | 7.49 | 3.88 | 5.41 | 1.69 |
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 | — | 0.59 | 0.73 | 0.85 | 0.67 | 1.08 | 0.87 | 0.77 | 0.48 | 0.44 | 0.41 |
| EV / EBITDA | 2.23 | 1.59 | 1.84 | 2.32 | 1.89 | 2.98 | 2.64 | 2.20 | 1.71 | 1.89 | 1.83 |
| EV / EBIT | 14.10 | 12.51 | 10.94 | 20.29 | 19.17 | 18.74 | 10.29 | 8.08 | 12.97 | — | — |
| EV / FCF | — | 11.58 | 65.09 | 22.97 | 7.03 | 15.07 | 12.14 | 10.60 | 6.35 | 26.57 | 4.19 |
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 | 48.4% | 48.4% | 48.1% | 50.7% | 49.0% | 48.8% | 59.4% | 61.6% | 63.5% | 63.6% | 65.3% |
| Operating Margin | 4.8% | 4.8% | 6.7% | 4.1% | 3.5% | 6.1% | 8.4% | 9.5% | 2.1% | -2.3% | -2.2% |
| Net Profit Margin | 1.6% | 1.6% | 2.9% | -0.1% | 0.3% | 2.9% | 7.4% | 6.5% | 0.3% | 0.2% | -3.8% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 11.1% | 11.1% | 20.8% | -1.0% | 2.4% | 24.4% | 39.6% | 46.6% | 3.0% | 2.5% | -30.8% |
| ROA | 2.5% | 2.5% | 4.6% | -0.2% | 0.4% | 5.7% | 12.5% | 11.6% | 0.6% | 0.4% | -6.3% |
| ROIC | 7.3% | 7.3% | 10.4% | 5.9% | 5.1% | 13.2% | 19.6% | 24.2% | 5.5% | -5.4% | -4.4% |
| ROCE | 9.5% | 9.5% | 13.7% | 7.6% | 6.3% | 14.6% | 19.1% | 22.5% | 5.1% | -5.2% | -4.5% |
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 | 2.67 | 2.67 | 2.52 | 2.86 | 3.19 | 3.64 | 0.80 | 1.12 | 1.88 | 2.47 | 2.73 |
| Debt / EBITDA | 1.07 | 1.07 | 0.92 | 1.10 | 1.11 | 1.12 | 0.51 | 0.55 | 0.73 | 1.06 | 1.08 |
| Net Debt / Equity | — | 2.50 | 2.42 | 2.69 | 2.91 | 3.43 | 0.53 | 0.97 | 1.34 | 2.20 | 2.37 |
| Net Debt / EBITDA | 1.00 | 1.00 | 0.89 | 1.03 | 1.01 | 1.06 | 0.34 | 0.48 | 0.52 | 0.95 | 0.94 |
| Debt / FCF | — | 7.27 | 31.41 | 10.26 | 3.76 | 5.33 | 1.57 | 2.29 | 1.93 | 13.31 | 2.15 |
| Interest Coverage | 1.96 | 1.96 | 2.61 | 1.47 | 1.70 | 3.74 | 15.54 | 8.21 | 2.27 | -1.40 | -1.40 |
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 | 2.52 | 2.52 | 2.91 | 2.46 | 2.43 | 0.55 | 0.68 | 0.52 | 0.85 | 0.75 | 0.69 |
| Quick Ratio | 0.67 | 0.67 | 2.91 | 0.42 | 0.51 | 0.53 | 0.67 | 0.51 | 0.84 | -2.32 | 0.68 |
| Cash Ratio | 0.17 | 0.17 | 0.12 | 0.15 | 0.24 | 0.25 | 0.35 | 0.18 | 0.47 | 0.26 | 0.29 |
| Asset Turnover | — | 1.43 | 1.63 | 1.47 | 1.54 | 1.53 | 1.61 | 1.69 | 1.90 | 1.90 | 1.85 |
| Inventory Turnover | 1.83 | 1.83 | — | 1.59 | 1.91 | 366.66 | 209.97 | 210.29 | 253.60 | 1.13 | 283.33 |
| Days Sales Outstanding | — | 15.80 | 13.22 | 10.15 | 9.62 | 10.06 | 11.67 | 11.50 | 9.55 | 9.43 | 8.60 |
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 | 6.2% | 8.5% | 5.0% | 4.4% | 6.0% | 2.2% | 3.0% | 0.8% | — | 2.1% | 4.3% |
| Payout Ratio | 120.0% | 120.0% | 66.7% | — | 640.8% | 53.0% | 30.3% | 7.9% | — | 192.6% | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 7.8% | 7.1% | 7.6% | — | 0.9% | 4.2% | 9.7% | 10.7% | 1.0% | 1.1% | — |
| FCF Yield | 34.1% | 23.2% | 3.0% | 7.9% | 30.6% | 10.3% | 9.5% | 12.0% | 22.6% | 7.5% | 49.0% |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 2.7% | 5.6% | 12.1% | 1.2% | 0.1% | 0.0% | 0.0% | 0.1% |
| Total Shareholder Yield | 6.2% | 8.5% | 5.0% | 7.1% | 11.6% | 14.4% | 4.2% | 0.9% | 0.0% | 2.1% | 4.3% |
| Shares Outstanding | — | $59M | $56M | $55M | $59M | $67M | $56M | $56M | $55M | $54M | $53M |
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying UPBD stock.
Upbound Group, Inc.'s current P/E ratio is 12.8x. The historical average is 25.7x. This places it at the 37th percentile of its historical range.
Upbound Group, Inc.'s current EV/EBITDA is 2.2x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 4.6x.
Upbound Group, Inc.'s return on equity (ROE) is 11.1%. The historical average is 10.1%.
Based on historical data, Upbound Group, Inc. is trading at a P/E of 12.8x. This is at the 37th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Upbound Group, Inc.'s current dividend yield is 6.18% with a payout ratio of 120.0%.
Upbound Group, Inc. has 48.4% gross margin and 4.8% operating margin.
Upbound Group, Inc.'s Debt/EBITDA ratio is 1.1x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.
Key Metrics
Top Statement Risk
Leverage and liquidity volatility
Metrics are mathematically derived from official filings.
Cheap Multiples Mask Volatile Earnings Base
Based on reported figures, UPBD trades at 19.39 trailing P/E and 11.44 EV/EBITDA, yet a 5.75 forward P/E and 1.91 forward EV/EBITDA imply earnings expectations that sharply diverge from trailing results and warrant scrutiny.
The gap between trailing and forward multiples suggests the market is pricing in a substantial earnings recovery, though quarterly net margin has swung between roughly 1.1% and 3.2% without a clear trend. The 5.92 price-to-free-cash-flow multiple looks inexpensive on paper, but it rests on free cash flow that ranged from negative to 17.0% of revenue, so investors should monitor whether that cash generation proves repeatable before treating the discount as a margin of safety. Peer data is limited to PRAA, which carries negative earnings, so relative valuation conclusions are constrained.
Margin Compression Undercuts Earnings Power
As reported in quarterly statements, UPBD's operating margin fell from 7.5% in 2024Q2 to 4.5% in 2025Q3 before recovering to 6.2%, a pattern that suggests underlying earning power has been weaker than headline recoveries imply.
Gross margin shifted between roughly 33% and 51% across the window, a swing large enough to point to cost classification effects rather than pure pricing dynamics. Net margin of 3.0% in 2026Q3 sits well below the 5.8% reached in 2024Q2, so the most recent improvement appears partly reliant on non-operating items that may not persist.
Returns Decaying From Earlier Peak
According to reported ratios, UPBD's ROIC has moved from 2.9% in 2024Q2 to 3.4% in 2026Q3, but remains low in absolute terms and below typical cost-of-capital thresholds for most industrial businesses.
ROE peaked near 5.8% in 2024Q2 and has since oscillated between roughly 1.9% and 5.1%, indicating no sustained compounding pattern. The thin spread between ROIC and a likely cost of capital suggests the business is not yet generating meaningful economic value per dollar invested, and the trend should be tracked against the 2024 highs.
Leverage Swings Raise Refinancing Questions
Based on UPBD's reported figures, debt-to-equity moved between 0.39 and 2.70 across ten quarters, while the 2026Q3 reading of 2.17 with debt-to-EBITDA near 19.1 implies weak earnings coverage of leverage that warrants further investigation.
Interest coverage ranged from roughly 1.7x to 3.1x, which is adequate but offers limited cushion if operating margins compress again. The wide variation in leverage ratios across adjacent quarters may reflect classification or refinancing timing rather than deliberate capital structure choices, and the maturity profile and covenant terms are not visible in the supplied data.
Thin Quick Liquidity Under Stress
As reported in balance sheet data, UPBD's quick ratio held between 0.50 and 0.88 across the window, and cash of $125.1M in 2026Q3 provides a limited buffer against short-term obligations if working capital turns.
The current ratio oscillated from 0.77 to 3.79, a range too wide to reflect stable liquidity management and more consistent with shifting short-term classifications. Because quick ratios stayed below 1.0 throughout, the company appears reliant on continued inflows to meet near-term obligations, which would be a concern under severe stress.
Misapplied Forward Multiple Flatters Value
Based on UPBD's reported figures, the 1.91 forward EV/EBITDA is the metric most likely to mislead, since it assumes a sharp earnings rebound that the trailing ratios and volatile margins do not yet corroborate.
Forward EBITDA multiples are typically applied to businesses with stable, predictable earnings, whereas UPBD's quarterly operating margin has ranged from roughly 4.4% to 7.8% with irregular overhead swings. A forward multiple this low may therefore obscure the risk that consensus expectations are optimistic, and trailing EV/EBITDA of 11.44 combined with debt-to-EBITDA near 19.1 in 2026Q3 may be a more conservative basis for judgment, with cash-flow-based metrics adjusted for working capital timing offering further cross-checks.