Latest Ratios: P/E Ratio 52.3x · EV/EBITDA 19.1x · ROE 6.1%. (2012–2025 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 | $881M | $522M | $771M | $987M | $1.1B | $1.1B | $4.0B | $4.4B | — | — | — |
| Enterprise Value | $4.5B | $4.2B | $3.1B | $3.3B | $3.0B | $2.9B | $5.7B | $5.8B | — | — | — |
| P/E Ratio → | 52.33 | 30.27 | 50.69 | 34.38 | 16.34 | 20.88 | 126.76 | — | — | — | — |
| P/S Ratio | 0.12 | 0.07 | 0.09 | 0.10 | 0.12 | 0.15 | 0.99 | 1.08 | — | — | — |
| P/B Ratio | 2.46 | 1.42 | 2.05 | 2.62 | 2.80 | 3.11 | 13.66 | 22.81 | — | — | — |
| P/FCF | 13.50 | 8.00 | 7.14 | 39.65 | 9.66 | — | 30.82 | — | — | — | — |
| P/OCF | 4.57 | 2.71 | 3.47 | 7.25 | 5.10 | 6.91 | 22.90 | 102.67 | — | — | — |
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 | — | 0.55 | 0.35 | 0.35 | 0.33 | 0.39 | 1.42 | 1.40 | — | — | — |
| EV / EBITDA | 19.12 | 17.61 | 13.66 | 13.43 | 11.26 | 12.24 | 36.69 | 90.94 | — | — | — |
| EV / EBIT | 44.25 | 34.21 | 24.82 | 23.85 | 17.79 | 20.19 | 69.15 | 2088.35 | — | — | — |
| EV / FCF | — | 63.92 | 28.65 | 132.54 | 27.40 | — | 43.95 | — | — | — | — |
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 | 5.2% | 5.2% | 4.5% | 4.5% | 4.6% | 5.0% | 6.4% | 3.3% | 3.5% | 2.5% | 20.2% |
| Operating Margin | 1.3% | 1.3% | 1.1% | 1.3% | 1.8% | 1.9% | 2.0% | 0.0% | 0.9% | 1.0% | 1.3% |
| Net Profit Margin | 0.3% | 0.3% | 0.2% | 0.4% | 0.8% | 0.8% | 0.3% | -1.1% | 0.3% | -0.2% | -0.3% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 6.1% | 6.1% | 5.5% | 9.1% | 19.5% | 18.4% | 5.6% | -20.8% | 5.0% | -3.0% | -4.5% |
| ROA | 0.6% | 0.6% | 0.6% | 1.0% | 2.3% | 2.1% | 0.6% | -3.0% | 1.2% | -0.8% | -1.0% |
| ROIC | 2.3% | 2.3% | 2.6% | 3.5% | 5.5% | 5.1% | 3.4% | 0.1% | 4.8% | 5.1% | 6.0% |
| ROCE | 3.3% | 3.3% | 3.0% | 4.0% | 6.3% | 5.8% | 4.2% | 0.1% | 5.3% | 5.6% | 6.7% |
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 | 10.76 | 10.76 | 6.86 | 6.73 | 5.93 | 5.88 | 6.89 | 7.09 | 2.05 | 1.39 | 1.72 |
| Debt / EBITDA | 16.69 | 16.69 | 11.41 | 10.30 | 8.40 | 8.70 | 12.97 | 21.68 | 5.12 | 4.41 | 5.40 |
| Net Debt / Equity | — | 9.93 | 6.16 | 6.15 | 5.15 | 5.17 | 5.82 | 6.93 | 1.84 | 1.23 | 1.48 |
| Net Debt / EBITDA | 15.40 | 15.40 | 10.25 | 9.41 | 7.29 | 7.64 | 10.96 | 21.18 | 4.59 | 3.90 | 4.64 |
| Debt / FCF | — | 55.91 | 21.51 | 92.89 | 17.74 | — | 13.12 | — | 59.85 | — | — |
| Interest Coverage | 1.31 | 1.31 | 1.27 | 1.51 | 2.72 | 1.96 | 1.59 | 0.06 | 1.53 | — | — |
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 | 1.66 | 1.66 | 1.62 | 1.54 | 1.67 | 1.67 | 1.57 | 0.85 | 0.97 | 1.02 | 1.07 |
| Quick Ratio | 1.22 | 1.22 | 1.10 | 1.03 | 1.18 | 1.19 | 1.04 | 0.39 | 0.47 | 0.56 | 0.58 |
| Cash Ratio | 0.72 | 0.72 | 0.60 | 0.46 | 0.67 | 0.76 | 0.80 | 0.09 | 0.17 | 0.14 | 0.21 |
| Asset Turnover | — | 2.16 | 2.41 | 2.58 | 2.81 | 2.52 | 1.46 | 2.23 | 3.77 | 3.76 | 2.69 |
| Inventory Turnover | 38.01 | 38.01 | 36.05 | 35.87 | 39.31 | 35.64 | 18.22 | 25.31 | 27.66 | 26.87 | 16.48 |
| Days Sales Outstanding | — | 4.17 | 5.95 | 7.77 | 6.54 | 5.82 | 4.50 | 5.29 | 5.10 | 3.37 | 3.69 |
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 | 1.5% | 2.6% | 1.8% | 1.4% | 1.0% | 0.5% | — | — | — | — | — |
| Payout Ratio | 59.9% | 59.9% | 67.2% | 41.5% | 15.2% | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 1.9% | 3.3% | 2.0% | 2.9% | 6.1% | 4.8% | 0.8% | — | — | — | — |
| FCF Yield | 7.4% | 12.5% | 14.0% | 2.5% | 10.4% | — | 3.2% | — | — | — | — |
| Buyback Yield | 3.2% | 5.4% | 4.2% | 3.4% | 3.8% | 0.0% | 0.0% | 0.0% | — | — | — |
| Total Shareholder Yield | 4.7% | 8.0% | 6.0% | 4.9% | 4.8% | 0.5% | 0.0% | 0.0% | — | — | — |
| Shares Outstanding | — | $115M | $117M | $120M | $123M | $125M | $442M | $442M | $766M | $759M | $592M |
Excessive leverage and debt
Based on current market data, ARKO trades at a forward P/E of 26.59, which appears disconnected from its recent negative revenue growth and suggests investors are pricing in a recovery that remains unsupported by the company's historical performance and current thin net margins.
The current EV/EBITDA multiple of 19.06 sits at a premium relative to the company's operational volatility, implying that the market may be overestimating the synergy potential of its M&A pipeline. This valuation warrants caution, as it assumes a level of earnings stability that the firm's historical net margin fluctuations have yet to demonstrate.
As reported in recent financial statements, ARKO's ROIC has struggled to exceed 1.6% in any of the last ten quarters, indicating that the company is failing to generate meaningful returns on its invested capital compared to industry peers like Casey's General Stores.
The persistent inability to drive ROIC above the cost of capital suggests that the roll-up strategy is primarily focused on scale rather than value creation. Investors should monitor whether management can shift toward organic efficiency, as current returns appear insufficient to justify the significant debt load carried on the balance sheet.
According to quarterly filings, ARKO's asset turnover has trended downward to 0.50, reflecting a decline in the efficiency with which the company utilizes its extensive retail footprint to generate revenue compared to its historical performance in previous fiscal periods.
The low asset turnover ratio highlights the difficulty of managing a decentralized portfolio of legacy brands without centralized distribution advantages. This inefficiency, combined with the company's reliance on sale-leaseback structures, suggests that the underlying retail assets may be underperforming relative to their fixed-cost obligations.
Based on reported figures, ARKO's debt-to-equity ratio of 10.76 represents an extreme level of leverage that significantly exceeds peer averages, creating a precarious financial position that may restrict the company's ability to navigate future interest rate volatility or operational downturns.
The interest coverage ratio, which has frequently dipped toward 1.0x, indicates that the company's ability to service its debt is highly sensitive to even minor fluctuations in operating income. This leverage profile suggests that the firm is effectively operating with no margin for error, making it highly vulnerable to sector-specific headwinds.
Investors frequently misapply the P/S ratio to ARKO, which obscures the reality that the company functions more as a fuel-logistics and real-estate arbitrage vehicle than a traditional retailer, leading to a fundamental misunderstanding of its true revenue quality and margin structure.
Because fuel prices are a pass-through cost, the P/S ratio fails to account for the volatility inherent in the company's top-line figures. Analysts should instead prioritize Gross Profit after Fuel Taxes and CPG metrics to gain a clearer view of the firm's actual earning power and operational health.
Includes 30+ ratios · 14 years · Updated daily
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Quick answers to the most common questions about buying ARKO stock.
Arko Corp.'s current P/E ratio is 52.3x. The historical average is 46.6x. This places it at the 83th percentile of its historical range.
Arko Corp.'s current EV/EBITDA is 19.1x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 28.0x.
Arko Corp.'s return on equity (ROE) is 6.1%. The historical average is 2.6%.
Based on historical data, Arko Corp. is trading at a P/E of 52.3x. This is at the 83th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Arko Corp.'s current dividend yield is 1.51% with a payout ratio of 59.9%.
Arko Corp. has 5.2% gross margin and 1.3% operating margin.
Arko Corp.'s Debt/EBITDA ratio is 16.7x, indicating high leverage. A ratio above 4x may signal elevated financial risk.