Latest Ratios: P/E Ratio 8.5x · EV/EBITDA 5.2x · ROE 36.6%. (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 | $4.0B | $4.7B | $6.3B | $5.4B | $1.5B | $2.4B | $1.4B | $1.1B | $1.5B | $1.4B | $793M |
| Enterprise Value | $4.4B | $5.1B | $6.5B | $5.5B | $2.2B | $2.8B | $1.9B | $2.2B | $1.1B | $1.1B | $555M |
| P/E Ratio → | 8.52 | 9.33 | 11.17 | 16.38 | 579.20 | 9.29 | — | 27.27 | 20.06 | 207.10 | 193.50 |
| P/S Ratio | 0.76 | 0.90 | 1.28 | 1.26 | 0.41 | 0.66 | 0.46 | 0.30 | 0.42 | 0.41 | 0.24 |
| P/B Ratio | 3.04 | 3.33 | 4.68 | 5.12 | 2.14 | 2.92 | 1.52 | 1.00 | 1.23 | 1.15 | 0.63 |
| P/FCF | 10.58 | 12.51 | 11.99 | 10.84 | — | 13.51 | 4.76 | 10.99 | 7.47 | 8.04 | 18.12 |
| P/OCF | 6.46 | 7.64 | 8.90 | 8.22 | — | 8.79 | 3.56 | 3.58 | 4.24 | 5.03 | 4.29 |
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 | — | 0.98 | 1.31 | 1.29 | 0.60 | 0.77 | 0.60 | 0.60 | 0.30 | 0.30 | 0.17 |
| EV / EBITDA | 5.16 | 6.02 | 7.27 | 8.82 | 9.88 | 5.84 | 12.95 | 8.91 | 3.51 | 3.98 | 2.64 |
| EV / EBIT | 6.31 | 7.11 | 8.33 | 10.73 | 22.85 | 8.20 | — | 31.00 | 7.70 | 13.59 | 28.32 |
| EV / FCF | — | 13.59 | 12.33 | 11.14 | — | 15.73 | 6.23 | 22.19 | 5.34 | 5.94 | 12.69 |
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 | 61.5% | 61.5% | 64.2% | 62.9% | 56.9% | 62.3% | 60.5% | 59.4% | 60.2% | 59.7% | 61.0% |
| Operating Margin | 13.3% | 13.3% | 15.0% | 11.3% | 2.5% | 9.2% | -0.7% | 1.9% | 3.5% | 2.1% | 0.5% |
| Net Profit Margin | 9.6% | 9.6% | 11.4% | 7.7% | 0.1% | 7.1% | -3.6% | 1.1% | 2.1% | 0.2% | 0.1% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 36.6% | 36.6% | 47.2% | 37.4% | 0.4% | 29.4% | -11.3% | 3.4% | 6.0% | 0.6% | 0.3% |
| ROA | 14.8% | 14.8% | 18.0% | 11.5% | 0.1% | 8.4% | -3.3% | 1.3% | 3.2% | 0.3% | 0.2% |
| ROIC | 31.2% | 31.2% | 40.7% | 27.8% | 5.2% | 19.5% | -0.9% | 3.6% | 11.4% | 5.7% | 1.1% |
| ROCE | 30.3% | 30.3% | 35.4% | 25.4% | 5.0% | 16.0% | -0.8% | 3.1% | 7.0% | 4.0% | 0.8% |
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 | 0.82 | 0.82 | 0.70 | 1.00 | 1.73 | 1.46 | 1.63 | 1.65 | 0.24 | 0.24 | 0.25 |
| Debt / EBITDA | 1.37 | 1.37 | 1.06 | 1.68 | 5.44 | 2.51 | 10.63 | 7.25 | 0.97 | 1.13 | 1.47 |
| Net Debt / Equity | — | 0.29 | 0.13 | 0.14 | 1.00 | 0.48 | 0.47 | 1.02 | -0.35 | -0.30 | -0.19 |
| Net Debt / EBITDA | 0.48 | 0.48 | 0.20 | 0.24 | 3.14 | 0.82 | 3.06 | 4.50 | -1.40 | -1.41 | -1.13 |
| Debt / FCF | — | 1.08 | 0.34 | 0.30 | — | 2.22 | 1.47 | 11.20 | -2.13 | -2.10 | -5.44 |
| Interest Coverage | 304.48 | 304.48 | 64.65 | 16.96 | 3.22 | 9.14 | -0.54 | 3.04 | 6.11 | 3.40 | 0.85 |
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 | 1.49 | 1.49 | 1.48 | 1.59 | 1.36 | 1.49 | 1.73 | 1.55 | 2.39 | 2.49 | 2.34 |
| Quick Ratio | 0.95 | 0.95 | 0.97 | 1.10 | 0.80 | 0.97 | 1.31 | 1.02 | 1.61 | 1.66 | 1.52 |
| Cash Ratio | 0.71 | 0.71 | 0.79 | 0.93 | 0.57 | 0.81 | 1.15 | 0.82 | 1.29 | 1.33 | 1.13 |
| Asset Turnover | — | 1.49 | 1.50 | 1.44 | 1.36 | 1.26 | 0.94 | 1.02 | 1.50 | 1.50 | 1.45 |
| Inventory Turnover | 3.37 | 3.37 | 3.09 | 3.38 | 3.15 | 2.66 | 3.05 | 3.39 | 3.27 | 3.32 | 3.25 |
| Days Sales Outstanding | — | 10.17 | 7.77 | 6.68 | 10.32 | 6.79 | 9.79 | 8.08 | 7.43 | 8.33 | 10.25 |
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 | — | — | — | — | — | — | 0.9% | 4.8% | 3.6% | 3.8% | 6.8% |
| Payout Ratio | — | — | — | — | — | — | — | 130.9% | 72.1% | 766.7% | 1366.7% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 11.7% | 10.7% | 9.0% | 6.1% | 0.2% | 10.8% | — | 3.7% | 5.0% | 0.5% | 0.5% |
| FCF Yield | 9.5% | 8.0% | 8.3% | 9.2% | — | 7.4% | 21.0% | 9.1% | 13.4% | 12.4% | 5.5% |
| Buyback Yield | 11.3% | 9.5% | 4.7% | 0.5% | 9.3% | 15.4% | 1.1% | 5.9% | 4.6% | 0.0% | 0.0% |
| Total Shareholder Yield | 11.3% | 9.5% | 4.7% | 0.5% | 9.3% | 15.4% | 1.9% | 10.7% | 8.2% | 3.8% | 6.8% |
| Shares Outstanding | — | $48M | $53M | $53M | $52M | $63M | $63M | $66M | $69M | $69M | $68M |
Consumer discretionary spending sensitivity
According to current market data, ANF trades at a TTM P/E of 8.75, which suggests that investors remain cautious about the sustainability of recent margin expansion compared to the broader retail sector's historical valuation averages for successful brand turnarounds.
The current forward P/E of 9.30 implies that the market is pricing in a potential earnings plateau rather than continued growth. This valuation discount relative to peers like Ralph Lauren suggests that the market views the recent profitability gains as cyclical rather than a permanent structural shift in the company's competitive positioning.
Based on reported financial statements, the company's ROIC has retreated to 3.3% in 2026Q1 from a peak of 13.2% in 2023Q4, indicating that the initial high-return phase of the brand's demographic pivot is currently facing significant headwinds from cooling consumer demand.
The sharp decline in ROIC suggests that the capital deployed into store optimization and inventory management is yielding lower incremental returns as revenue growth decelerates. Investors should monitor whether this trend represents a temporary seasonal dip or a structural decay in the company's ability to compound capital effectively.
As reported in recent quarterly filings, the cash conversion cycle has expanded to 62 days in 2026Q1, up from 40 days in 2023Q4, reflecting a deterioration in inventory turnover efficiency that warrants further investigation into potential overstocking risks.
The increase in the cash conversion cycle suggests that the company is taking longer to convert inventory into cash, which may indicate a mismatch between current fashion offerings and consumer preferences. This inefficiency in working capital management could lead to increased promotional activity if inventory levels are not rightsized in the coming quarters.
The P/E ratio is frequently misapplied to this business model because it fails to account for the significant volatility in earnings caused by seasonal inventory write-downs and the ongoing restructuring of the physical store footprint, which often masks the underlying cash-generating capacity of the brand.
Analysts should instead prioritize EV/EBITDA or P/FCF, as these metrics better capture the company's operational performance by stripping out the noise from non-recurring impairment charges and lease accounting adjustments. Relying solely on P/E may lead to an inaccurate assessment of the company's true valuation in a highly cyclical retail environment.
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying ANF stock.
Abercrombie & Fitch Co.'s current P/E ratio is 8.5x. The historical average is 29.1x. This places it at the 4th percentile of its historical range.
Abercrombie & Fitch Co.'s current EV/EBITDA is 5.2x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 8.0x.
Abercrombie & Fitch Co.'s return on equity (ROE) is 36.6%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 32.3%.
Based on historical data, Abercrombie & Fitch Co. is trading at a P/E of 8.5x. This is at the 4th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Abercrombie & Fitch Co. has 61.5% gross margin and 13.3% operating margin. Operating margin between 10-20% is typical for established companies.
Abercrombie & Fitch Co.'s Debt/EBITDA ratio is 1.4x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.