Latest Ratios: P/E Ratio 10.3x · EV/EBITDA 8.1x · ROE 49.4%. (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 | $2.2B | $2.4B | $2.4B | $1.9B | $2.2B | $1.8B | $1.9B | $1.2B | $844M | $970M | $1.0B |
| Enterprise Value | $2.3B | $2.5B | $2.5B | $1.9B | $2.2B | $1.8B | $1.9B | $1.3B | $676M | $805M | $824M |
| P/E Ratio → | 10.31 | 11.43 | 12.24 | 8.63 | 8.45 | 7.08 | 14.78 | 11.41 | 8.82 | 10.84 | 10.42 |
| P/S Ratio | 1.69 | 1.85 | 1.97 | 1.50 | 1.60 | 1.39 | 2.14 | 1.32 | 0.95 | 1.06 | 1.05 |
| P/B Ratio | 5.10 | 5.65 | 5.65 | 4.59 | 5.72 | 5.76 | 4.86 | 3.06 | 2.14 | 2.48 | 2.37 |
| P/FCF | 10.69 | 11.65 | 11.99 | 8.73 | 10.15 | 6.16 | 8.77 | 9.66 | 8.55 | 9.13 | 8.71 |
| P/OCF | 8.76 | 9.55 | 9.90 | 7.45 | 8.88 | 5.79 | 8.47 | 9.12 | 7.77 | 8.10 | 6.86 |
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 | — | 1.95 | 2.02 | 1.54 | 1.64 | 1.42 | 2.12 | 1.50 | 0.76 | 0.88 | 0.85 |
| EV / EBITDA | 8.14 | 8.83 | 9.32 | 6.66 | 6.35 | 5.19 | 10.14 | 8.68 | 5.59 | 4.88 | 4.44 |
| EV / EBIT | 8.93 | 9.17 | 9.52 | 6.72 | 6.58 | 5.44 | 11.40 | 10.25 | 5.59 | 6.00 | 5.39 |
| EV / FCF | — | 12.31 | 12.29 | 8.95 | 10.39 | 6.28 | 8.71 | 10.93 | 6.85 | 7.57 | 7.03 |
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 | 49.0% | 49.0% | 48.7% | 49.1% | 50.3% | 50.4% | 44.5% | 41.9% | 41.3% | 41.6% | 40.7% |
| Operating Margin | 20.1% | 20.1% | 19.8% | 21.5% | 24.4% | 25.9% | 18.6% | 14.6% | 10.6% | 14.7% | 15.7% |
| Net Profit Margin | 16.2% | 16.2% | 16.1% | 17.4% | 18.9% | 19.7% | 14.4% | 11.6% | 10.8% | 9.8% | 10.0% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 49.4% | 49.4% | 46.7% | 55.7% | 73.9% | 71.8% | 33.1% | 26.7% | 24.4% | 21.8% | 23.2% |
| ROA | 22.0% | 22.0% | 21.7% | 25.5% | 31.5% | 31.3% | 15.2% | 15.0% | 17.9% | 16.0% | 17.0% |
| ROIC | 37.6% | 37.6% | 38.4% | 45.8% | 63.5% | 68.8% | 27.1% | 25.6% | 31.3% | 43.7% | 47.2% |
| ROCE | 36.0% | 36.0% | 35.3% | 42.4% | 57.4% | 57.3% | 25.2% | 23.2% | 21.4% | 29.1% | 32.3% |
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 | 0.90 | 0.90 | 0.77 | 0.76 | 0.81 | 0.92 | 0.77 | 0.97 | — | — | — |
| Debt / EBITDA | 1.34 | 1.34 | 1.24 | 1.08 | 0.88 | 0.81 | 1.62 | 2.43 | — | — | — |
| Net Debt / Equity | — | 0.32 | 0.14 | 0.11 | 0.14 | 0.11 | -0.03 | 0.40 | -0.43 | -0.42 | -0.46 |
| Net Debt / EBITDA | 0.47 | 0.47 | 0.23 | 0.16 | 0.15 | 0.10 | -0.07 | 1.01 | -1.39 | -1.00 | -1.06 |
| Debt / FCF | — | 0.65 | 0.30 | 0.22 | 0.24 | 0.12 | -0.06 | 1.27 | -1.71 | -1.55 | -1.68 |
| Interest Coverage | — | — | — | — | — | — | — | — | — | — | — |
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 | 1.89 | 1.89 | 2.05 | 2.01 | 1.87 | 1.57 | 2.12 | 2.19 | 4.11 | 3.68 | 3.92 |
| Quick Ratio | 1.30 | 1.30 | 1.49 | 1.44 | 1.32 | 1.16 | 1.63 | 1.49 | 2.72 | 2.48 | 2.64 |
| Cash Ratio | 1.16 | 1.16 | 1.36 | 1.31 | 1.21 | 1.07 | 1.56 | 1.35 | 2.44 | 2.21 | 2.50 |
| Asset Turnover | — | 1.31 | 1.33 | 1.42 | 1.61 | 1.66 | 1.07 | 1.04 | 1.68 | 1.70 | 1.68 |
| Inventory Turnover | 4.75 | 4.75 | 5.17 | 5.08 | 5.35 | 6.28 | 4.95 | 4.31 | 4.15 | 4.52 | 4.60 |
| Days Sales Outstanding | — | 3.09 | 2.03 | 2.52 | 3.43 | 3.41 | 1.14 | 1.27 | 2.92 | 3.43 | 3.07 |
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 | 10.4% | 9.4% | 8.3% | 10.4% | 9.4% | 19.3% | 6.7% | 9.5% | 11.6% | 13.8% | 8.3% |
| Payout Ratio | 107.3% | 107.3% | 101.3% | 89.5% | 79.7% | 136.5% | 98.7% | 108.1% | 102.2% | 149.2% | 86.6% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 9.7% | 8.8% | 8.2% | 11.6% | 11.8% | 14.1% | 6.8% | 8.8% | 11.3% | 9.2% | 9.6% |
| FCF Yield | 9.4% | 8.6% | 8.3% | 11.5% | 9.9% | 16.2% | 11.4% | 10.4% | 11.7% | 11.0% | 11.5% |
| 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 | 10.4% | 9.4% | 8.3% | 10.4% | 9.4% | 19.3% | 6.7% | 9.5% | 11.6% | 13.8% | 8.3% |
| Shares Outstanding | — | $51M | $50M | $50M | $50M | $49M | $49M | $49M | $49M | $48M | $48M |
Regional labor market competition
With a TTM P/E of 10.44, BKE trades at a discount to many specialty retailers, yet its 16.16% net margin, as reported in recent financial statements, suggests the market may be underestimating the durability of its earnings compared to lower-margin, high-growth peers.
The current valuation appears to reflect a market skepticism toward mall-based retail that ignores BKE's unique service-oriented moat. Investors should monitor whether the 10.3% dividend yield serves as a floor for the stock price or if the market requires a higher growth catalyst to justify multiple expansion.
Based on reported figures, BKE's ROIC has fluctuated between 6.3% and 15.9% over the last ten quarters, indicating that the company's ability to compound capital is highly sensitive to seasonal margin expansion rather than structural improvements in asset utilization.
The volatility in ROIC suggests that while the company is highly profitable during peak seasons, its off-peak capital efficiency remains constrained by the fixed costs of its high-touch service model. Analysts should interpret these returns as a reflection of operational discipline rather than aggressive capital reinvestment.
As indicated by the quarterly data, BKE maintains a cash conversion cycle that typically ranges between 41 and 56 days, demonstrating that the company effectively manages its inventory procurement relative to the seasonal peaks inherent in the specialty apparel retail sector.
The consistency in DSO at approximately 2-3 days highlights the company's reliance on immediate point-of-sale transactions, which minimizes credit risk. This efficiency in working capital management appears to be a structural advantage that allows the company to maintain a lean balance sheet despite its inventory-heavy business model.
According to the provided financial data, BKE maintains a D/E ratio of 0.90, which, when combined with its significant cash position, suggests the company faces minimal refinancing risk and possesses a level of financial flexibility that is rare among its direct mall-based competitors.
The company's ability to operate with such low leverage implies that its interest coverage is not a primary concern for investors, allowing management to prioritize shareholder returns. This conservative capital structure appears to be a deliberate strategic choice to insulate the business from cyclical downturns in consumer spending.
The P/S ratio is frequently misapplied to BKE, as it obscures the company's superior net margin profile compared to peers, leading to an inaccurate assessment of its true earnings power and relative valuation within the specialty apparel industry.
Investors should prioritize P/E or EV/EBITDA over P/S to better account for the company's high-margin private label strategy. Relying on revenue-based multiples fails to capture the value created by BKE's service-led model, which inherently prioritizes profitability over pure top-line volume.
Includes 30+ ratios · 30 years · Updated daily
DCF models, multiple analysis, and analyst estimates.
10-year return with dividends reinvested.
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Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying BKE stock.
The Buckle, Inc.'s current P/E ratio is 10.3x. The historical average is 12.6x. This places it at the 23th percentile of its historical range.
The Buckle, Inc.'s current EV/EBITDA is 8.1x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 6.7x.
The Buckle, Inc.'s return on equity (ROE) is 49.4%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 32.9%.
Based on historical data, The Buckle, Inc. is trading at a P/E of 10.3x. This is at the 23th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
The Buckle, Inc.'s current dividend yield is 10.40% with a payout ratio of 107.3%.
The Buckle, Inc. has 49.0% gross margin and 20.1% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
The Buckle, Inc.'s Debt/EBITDA ratio is 1.3x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.