Latest Ratios: P/E Ratio -1.2x · EV/EBITDA 72.4x · ROE N/A. (2003–2025 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 | $11M | $22M | $64M | $152M | $98M | $60M | $9M | $20M | $20M | $26M | $8M |
| Enterprise Value | $112M | $166M | $218M | $302M | $236M | $211M | $161M | $83M | $64M | $162M | $156M |
| P/E Ratio → | -1.16 | — | — | — | — | — | — | — | 1.73 | 3.74 | 1.15 |
| P/S Ratio | 0.09 | 0.12 | 0.34 | 0.93 | 0.54 | 0.42 | 0.05 | 0.13 | 0.13 | 0.07 | 0.02 |
| P/B Ratio | — | — | — | — | 16.64 | — | 2.58 | 1.45 | 0.61 | 1.53 | 0.81 |
| P/FCF | — | — | — | — | 7.60 | — | — | — | — | 8.91 | — |
| P/OCF | — | — | — | — | 5.23 | — | — | — | — | 2.70 | 1.32 |
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 | — | 0.93 | 1.18 | 1.86 | 1.30 | 1.47 | 0.95 | 0.55 | 0.43 | 0.42 | 0.42 |
| EV / EBITDA | 72.41 | 75.53 | 27.83 | 162.08 | 22.95 | 79.92 | — | — | — | 9.06 | 5.79 |
| EV / EBIT | — | — | 180.42 | — | 52.79 | — | — | — | — | — | 26.58 |
| EV / FCF | — | — | — | — | 18.38 | — | — | — | — | 55.15 | — |
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 | 37.3% | 37.3% | 39.7% | 41.7% | 42.0% | 39.4% | 38.1% | 38.8% | 38.1% | 37.8% | 38.3% |
| Operating Margin | -3.1% | -3.1% | 0.7% | -2.3% | 2.5% | -2.0% | -3.7% | -8.2% | -9.5% | 2.9% | 5.4% |
| Net Profit Margin | -7.2% | -7.2% | -2.5% | -4.6% | -1.0% | -6.2% | -10.9% | -13.2% | 7.7% | 1.7% | 1.9% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | — | — | — | -282.5% | -85.3% | -890.8% | -214.8% | -86.0% | 46.1% | 48.6% | 104.0% |
| ROA | -6.4% | -6.4% | -2.3% | -3.9% | -1.0% | -4.3% | -10.7% | -15.7% | 6.4% | 2.7% | 3.0% |
| ROIC | -3.0% | -3.0% | 0.6% | -1.9% | 2.3% | -1.4% | -4.0% | -12.1% | -9.1% | 5.4% | 9.7% |
| ROCE | -8.8% | -8.8% | 1.5% | -4.2% | 4.9% | -3.1% | -9.1% | -27.8% | -24.6% | 15.3% | 26.5% |
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 | — | — | — | — | 23.94 | — | 44.80 | 4.65 | 1.39 | 8.11 | 15.11 |
| Debt / EBITDA | 66.16 | 66.16 | 19.95 | 81.47 | 13.66 | 57.80 | — | — | — | 7.75 | 5.60 |
| Net Debt / Equity | — | — | — | — | 23.60 | — | 44.64 | 4.57 | 1.36 | 7.96 | 14.80 |
| Net Debt / EBITDA | 65.47 | 65.47 | 19.72 | 80.80 | 13.46 | 57.12 | — | — | — | 7.60 | 5.49 |
| Debt / FCF | — | — | — | — | 10.78 | — | — | — | — | 46.24 | — |
| Interest Coverage | -0.57 | -0.57 | 0.15 | -0.68 | 1.40 | -0.94 | -1.15 | -2.90 | -4.52 | -0.98 | 1.05 |
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 | 0.85 | 0.85 | 0.91 | 0.93 | 1.02 | 0.97 | 0.95 | 1.08 | 1.31 | 1.17 | 1.22 |
| Quick Ratio | 0.07 | 0.07 | 0.11 | 0.14 | 0.13 | 0.10 | 0.07 | 0.08 | 0.16 | 0.14 | 0.12 |
| Cash Ratio | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 | 0.02 | 0.00 | 0.01 | 0.01 | 0.02 | 0.02 |
| Asset Turnover | — | 0.91 | 0.91 | 0.83 | 0.99 | 0.71 | 0.80 | 1.13 | 1.23 | 1.60 | 1.55 |
| Inventory Turnover | 0.96 | 0.96 | 1.13 | 1.08 | 1.33 | 0.89 | 1.03 | 1.01 | 1.08 | 1.35 | 1.28 |
| Days Sales Outstanding | — | 13.56 | 16.66 | 25.48 | 16.18 | 18.64 | 12.97 | 8.55 | 11.90 | 17.25 | 13.14 |
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 | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | — | — | — | 57.9% | 26.8% | 86.7% |
| FCF Yield | — | — | — | — | 13.2% | — | — | — | — | 11.2% | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Shares Outstanding | — | $19M | $19M | $19M | $19M | $18M | $18M | $18M | $18M | $18M | $18M |
Insolvency and liquidity constraints
As reported in financial statements, BGI trades at a P/S multiple of 0.09, a valuation level that suggests the market is heavily discounting the company's future earnings potential due to persistent net losses and a lack of clear visibility into a return to positive profitability.
The negative P/E of -1.23 and the elevated EV/EBITDA of 72.81 indicate that traditional earnings-based valuation metrics are currently non-functional for assessing the company's intrinsic value. Investors should monitor whether this deep discount represents a genuine value opportunity or a structural reflection of the company's inability to generate sustainable cash flow from its retail footprint.
Based on the provided financial data, BGI's ROIC has trended into negative territory, reaching -0.1% in 2026Q2, which highlights a fundamental inability to generate returns on invested capital that exceed the cost of the debt required to maintain its luxury retail operations.
The consistent failure to achieve positive ROIC over the last decade suggests that the company's capital allocation strategy has been value-destructive rather than compounding. This trend warrants further investigation into whether the high fixed costs of prime retail locations are fundamentally incompatible with the current revenue scale.
According to historical records, the company's cash conversion cycle has remained elevated, reaching 99 days in 2026Q2, which underscores the significant operational friction caused by holding high-value luxury inventory that fails to turn over with sufficient velocity to support the company's cash requirements.
The high days inventory outstanding (DIO) of 179 days suggests that capital is being trapped in slow-moving stock, limiting the company's agility in a volatile consumer environment. This inefficiency appears to be a structural bottleneck that prevents the business from optimizing its cash flow during seasonal demand peaks.
As reported in recent filings, the current ratio of 0.88 in 2026Q2 indicates that BGI's short-term assets are insufficient to cover its immediate liabilities, leaving the company with a precarious liquidity position that may be highly sensitive to any further contraction in consumer discretionary spending.
The quick ratio of 0.06 further highlights an extreme reliance on inventory liquidation to meet short-term obligations, which is a high-risk strategy in the luxury sector. Investors should monitor the company's ability to access credit facilities, as the current liquidity profile appears inadequate to withstand even minor operational shocks.
The P/S ratio is frequently misapplied to BGI's business model, as it obscures the company's high fixed-cost structure and the low-margin nature of its third-party luxury timepiece distribution, which does not scale in the same manner as a high-margin, vertically integrated luxury brand.
Analysts should instead focus on EV/EBITDA or cash-flow-based metrics to better understand the company's ability to cover its substantial lease and debt obligations. Relying on revenue multiples ignores the reality that top-line growth is currently insufficient to offset the high operating expenses inherent in the Maison Birks retail model.
Includes 30+ ratios · 23 years · Updated daily
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Quick answers to the most common questions about buying BGI stock.
Birks Group Inc.'s current P/E ratio is -1.2x. The historical average is 37.9x.
Birks Group Inc.'s current EV/EBITDA is 72.4x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 27.8x.
Based on historical data, Birks Group Inc. is trading at a P/E of -1.2x. Compare with industry peers and growth rates for a complete picture.
Birks Group Inc. has 37.3% gross margin and -3.1% operating margin.
Birks Group Inc.'s Debt/EBITDA ratio is 66.2x, indicating high leverage. A ratio above 4x may signal elevated financial risk.