Latest Ratios: P/E Ratio 23.6x · EV/EBITDA 9.6x · ROE 6.3%. (2018–2025 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 |
|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $883M | $822M | $840M | $666M | $1.2B | $1.3B | $931M | — | — |
| Enterprise Value | $1.0B | $958M | $999M | $876M | $1.3B | $1.5B | $985M | — | — |
| P/E Ratio → | 23.57 | 21.74 | 22.69 | — | — | 30.14 | 32.17 | — | — |
| P/S Ratio | 0.63 | 0.59 | 0.68 | 0.70 | 1.12 | 1.51 | 1.08 | — | — |
| P/B Ratio | 1.44 | 1.33 | 1.46 | 1.26 | 2.25 | 2.53 | 1.97 | — | — |
| P/FCF | 23.72 | 22.09 | 13.73 | — | — | — | 80.22 | — | — |
| P/OCF | 9.96 | 9.27 | 8.99 | 22.80 | 33.40 | 28.71 | 11.79 | — | — |
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 |
|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.69 | 0.81 | 0.92 | 1.28 | 1.66 | 1.14 | — | — |
| EV / EBITDA | 9.60 | 9.03 | 9.67 | 22.05 | — | 17.27 | 11.39 | — | — |
| EV / EBIT | 14.25 | 13.43 | 13.69 | 81.83 | — | 21.21 | 14.40 | — | — |
| EV / FCF | — | 25.75 | 16.33 | — | — | — | 84.93 | — | — |
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 |
|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 11.6% | 11.6% | 12.4% | 8.7% | 8.6% | 14.0% | 14.4% | 17.5% | 6.3% |
| Operating Margin | 5.1% | 5.1% | 5.3% | 0.7% | -3.6% | 6.8% | 7.9% | 12.1% | 2.2% |
| Net Profit Margin | 2.7% | 2.7% | 3.0% | -0.3% | -3.3% | 5.0% | 3.3% | 8.1% | 8.4% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| ROE | 6.3% | 6.3% | 6.6% | -0.5% | -6.5% | 8.9% | 6.8% | 20.7% | 23.1% |
| ROA | 3.9% | 3.9% | 3.9% | -0.3% | -3.9% | 5.4% | 3.9% | 10.9% | 11.6% |
| ROIC | 7.2% | 7.2% | 6.7% | 0.7% | -4.1% | 7.7% | 10.0% | 16.1% | 2.9% |
| ROCE | 8.6% | 8.6% | 8.0% | 0.9% | -4.8% | 8.2% | 10.4% | 18.3% | 3.4% |
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 |
|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.32 | 0.32 | 0.38 | 0.48 | 0.41 | 0.40 | 0.38 | 0.49 | 0.65 |
| Debt / EBITDA | 1.89 | 1.89 | 2.10 | 6.37 | — | 2.49 | 2.06 | 1.51 | 7.24 |
| Net Debt / Equity | — | 0.22 | 0.28 | 0.40 | 0.31 | 0.24 | 0.12 | 0.32 | 0.57 |
| Net Debt / EBITDA | 1.28 | 1.28 | 1.54 | 5.28 | — | 1.50 | 0.63 | 0.99 | 6.30 |
| Debt / FCF | — | 3.66 | 2.60 | — | — | — | 4.71 | 1.94 | 32.24 |
| Interest Coverage | 7.59 | 7.59 | 5.79 | 0.92 | -4.67 | 18.84 | 10.21 | 10.30 | 17.42 |
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 |
|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.95 | 1.95 | 1.87 | 2.26 | 2.24 | 2.77 | 3.18 | 2.59 | 2.30 |
| Quick Ratio | 1.35 | 1.35 | 1.26 | 1.53 | 1.52 | 2.23 | 2.69 | 2.03 | 1.82 |
| Cash Ratio | 0.48 | 0.48 | 0.39 | 0.44 | 0.52 | 0.95 | 1.59 | 0.81 | 0.39 |
| Asset Turnover | — | 1.42 | 1.27 | 1.04 | 1.19 | 1.02 | 1.11 | 1.28 | 1.38 |
| Inventory Turnover | 15.27 | 15.27 | 11.87 | 12.30 | 13.08 | 15.92 | 19.11 | 16.23 | 24.94 |
| Days Sales Outstanding | — | 27.97 | 35.21 | 33.10 | 22.96 | 35.24 | 31.24 | 35.99 | 36.82 |
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 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | 1.4% | — | — |
| Payout Ratio | — | — | — | — | — | — | 45.1% | 7.8% | 6.2% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 4.2% | 4.6% | 4.4% | — | — | 3.3% | 3.1% | — | — |
| FCF Yield | 4.2% | 4.5% | 7.3% | — | — | — | 1.2% | — | — |
| Buyback Yield | 0.7% | 0.7% | 0.1% | 0.1% | 0.0% | 0.0% | 0.2% | — | — |
| Total Shareholder Yield | 0.7% | 0.7% | 0.1% | 0.1% | 0.0% | 0.0% | 1.6% | — | — |
| Shares Outstanding | — | $71M | $71M | $71M | $71M | $71M | $71M | $71M | $69M |
Commodity price volatility exposure
According to current market data, Mission Produce trades at a TTM P/E of 23.13 and a P/S of 0.62, which suggests that investors are pricing in a recovery despite the recent contraction in profitability and the significant volatility in quarterly earnings reported in recent SEC filings.
The forward P/E of 19.93 implies that the market anticipates a return to positive earnings, yet the PEG ratio of 4.39 indicates that this valuation is expensive relative to the company's current growth trajectory. Investors should monitor whether these multiples compress further if the company fails to demonstrate a clear path back to historical margin levels.
Based on reported financial statements, ROIC has deteriorated to -0.1% in 2026Q2 from a peak of 3.3% in 2025Q4, indicating that the company's heavy investment in international farming assets is currently failing to generate returns that exceed the cost of capital during this cyclical downturn.
The decline in ROIC suggests that the capital-intensive nature of orchard development in Peru is creating a drag on performance when harvest yields or market prices are unfavorable. This trend warrants further investigation into whether the company's long-term strategy of vertical integration is creating sustainable value or merely increasing fixed-cost exposure.
As reported in recent quarterly filings, the cash conversion cycle has extended to 57 days in 2026Q2, up from 41 days in 2025Q2, which suggests that the company is facing increased difficulty in managing inventory turnover and collecting receivables during the current period of market weakness.
The rise in DIO to 36 days indicates that perishable inventory is lingering longer than optimal, which increases the risk of spoilage and margin erosion. This inefficiency in working capital management appears to be a structural challenge that exacerbates the company's liquidity constraints during periods of low demand.
According to the latest balance sheet data, Mission Produce maintains a disciplined debt-to-equity ratio of 0.36, which provides a significant buffer against the current operational losses and suggests that the company remains well-positioned to avoid immediate refinancing risks despite the recent deterioration in interest coverage.
While the interest coverage ratio has turned negative at -0.32 in 2026Q2, the low absolute debt levels suggest that the company is not currently facing a solvency crisis. Investors should monitor whether management continues to prioritize this conservative capital structure if the need for additional liquidity arises to fund ongoing operations.
Market participants frequently misapply standard distribution P/E multiples to Mission Produce, which obscures the reality that the company functions as a high-operating-leverage agricultural producer rather than a simple logistics provider, as evidenced by the extreme sensitivity of margins to biological asset yields and harvest cycles.
Using P/E as the primary valuation tool ignores the lumpy nature of farming income and the non-cash accounting complexities of biological assets. Analysts should instead focus on EV/EBITDA and per-box margin metrics to better capture the underlying operational performance of the company's vertically integrated model.
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Quick answers to the most common questions about buying AVO stock.
Mission Produce, Inc.'s current P/E ratio is 23.6x. The historical average is 26.7x. This places it at the 50th percentile of its historical range.
Mission Produce, Inc.'s current EV/EBITDA is 9.6x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 13.9x.
Mission Produce, Inc.'s return on equity (ROE) is 6.3%. The historical average is 8.2%.
Based on historical data, Mission Produce, Inc. is trading at a P/E of 23.6x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Mission Produce, Inc. has 11.6% gross margin and 5.1% operating margin.
Mission Produce, Inc.'s Debt/EBITDA ratio is 1.9x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.