Latest Ratios: P/E Ratio 8.3x · EV/EBITDA 7.0x · ROE N/A. (2017–2025 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $1.6B | $4.7B | $8.0B | $5.5B | $2.8B | $1.2B | $819M | — | — | — |
| Enterprise Value | $2.6B | $5.7B | $8.8B | $6.3B | $3.7B | $1.7B | $1.5B | — | — | — |
| P/E Ratio → | 8.30 | 21.64 | 32.65 | 33.52 | 16.62 | 10.60 | 8.20 | — | — | — |
| P/S Ratio | 0.70 | 2.02 | 4.02 | 3.32 | 2.04 | 0.97 | 0.83 | — | — | — |
| P/B Ratio | — | — | — | — | — | — | — | — | — | — |
| P/FCF | 6.33 | 18.25 | 40.61 | 25.86 | 145.56 | 5.41 | 8.61 | — | — | — |
| P/OCF | 6.22 | 17.92 | 40.25 | 25.64 | 133.08 | 5.37 | 8.43 | — | — | — |
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 |
|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 2.46 | 4.41 | 3.81 | 2.70 | 1.34 | 1.49 | — | — | — |
| EV / EBITDA | 7.04 | 15.15 | 20.75 | 20.11 | 15.82 | 7.53 | 7.69 | — | — | — |
| EV / EBIT | 7.40 | 15.94 | 22.70 | 22.09 | 18.98 | 10.04 | 8.96 | — | — | — |
| EV / FCF | — | 22.26 | 44.50 | 29.68 | 192.55 | 7.44 | 15.46 | — | — | — |
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 |
|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 33.3% | 33.3% | 35.4% | 31.8% | 30.8% | 31.0% | 32.0% | 36.5% | 33.6% | 34.5% |
| Operating Margin | 15.4% | 15.4% | 19.4% | 17.2% | 15.5% | 13.5% | 16.8% | 19.0% | 14.5% | 12.9% |
| Net Profit Margin | 9.3% | 9.3% | 12.3% | 9.9% | 6.0% | 2.2% | 2.4% | 14.4% | 11.6% | 4.9% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROE | — | — | — | — | — | — | 14.4% | 26.2% | 20.5% | 7.3% |
| ROA | 24.3% | 24.3% | 32.3% | 23.7% | 11.7% | 4.1% | 3.8% | 21.3% | 16.8% | 6.0% |
| ROIC | 47.3% | 47.3% | 55.1% | 42.3% | 34.8% | 28.6% | 25.6% | 26.4% | 19.5% | 14.4% |
| ROCE | 55.3% | 55.3% | 66.0% | 52.0% | 42.1% | 35.5% | 33.1% | 33.6% | 24.6% | 18.2% |
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 |
|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | — | — | — | — | — | — | — | 0.00 | 0.00 | 0.00 |
| Debt / EBITDA | 2.96 | 2.96 | 1.98 | 2.74 | 4.01 | 2.74 | 3.66 | 0.00 | 0.01 | 0.02 |
| Net Debt / Equity | — | — | — | — | — | — | — | -0.01 | -0.02 | -0.01 |
| Net Debt / EBITDA | 2.73 | 2.73 | 1.81 | 2.59 | 3.86 | 2.06 | 3.40 | -0.03 | -0.07 | -0.05 |
| Debt / FCF | — | 4.00 | 3.89 | 3.82 | 46.99 | 2.03 | 6.84 | -0.05 | -0.07 | -0.08 |
| Interest Coverage | 5.23 | 5.23 | 6.65 | 4.29 | 3.96 | 3.85 | 3.00 | — | — | — |
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 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.35 | 2.35 | 2.91 | 2.82 | 2.94 | 1.54 | 1.90 | 2.37 | 1.74 | 2.16 |
| Quick Ratio | 1.18 | 1.18 | 1.51 | 1.53 | 1.54 | 1.08 | 0.91 | 0.88 | 1.08 | 1.05 |
| Cash Ratio | 0.32 | 0.32 | 0.35 | 0.32 | 0.25 | 0.61 | 0.32 | 0.06 | 0.12 | 0.10 |
| Asset Turnover | — | 2.46 | 2.38 | 2.41 | 1.94 | 1.79 | 1.51 | 1.44 | 1.48 | 1.22 |
| Inventory Turnover | 4.68 | 4.68 | 4.51 | 5.85 | 4.75 | 7.30 | 4.47 | 3.93 | 8.93 | 5.45 |
| Days Sales Outstanding | — | 35.20 | 40.30 | 36.83 | 46.12 | 30.41 | 30.69 | 29.22 | 38.46 | 32.24 |
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 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | 2.0% | 3.9% | — | — | — |
| Payout Ratio | — | — | — | — | — | 89.1% | 136.6% | 81.4% | 138.4% | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 12.1% | 4.6% | 3.1% | 3.0% | 6.0% | 9.4% | 12.2% | — | — | — |
| FCF Yield | 15.8% | 5.5% | 2.5% | 3.9% | 0.7% | 18.5% | 11.6% | — | — | — |
| Buyback Yield | 29.3% | 10.2% | 1.8% | 2.3% | 1.5% | 0.0% | 0.0% | — | — | — |
| Total Shareholder Yield | 29.3% | 10.2% | 1.8% | 2.3% | 1.5% | 2.0% | 3.9% | — | — | — |
| Shares Outstanding | — | $129M | $132M | $134M | $136M | $40M | $40M | $39M | $34M | $34M |
Negative equity and leverage
According to current market data, BellRing Brands trades at a forward EV/EBITDA of 5.65x, which appears to reflect a significant discount compared to high-growth peers, suggesting that investors are increasingly skeptical of the company's ability to maintain its historical double-digit growth trajectory in a competitive retail environment.
The current valuation multiples suggest the market is pricing the firm as a mature, low-growth consumer staple rather than the high-growth platform it was previously perceived to be. This shift in sentiment warrants caution, as the forward P/E of 9.25x implies that any further deceleration in top-line performance could lead to additional multiple contraction.
Based on reported financial figures, ROIC has declined from a peak of 16.2% in 2024Q3 to 7.8% in 2026Q2, indicating that the company is struggling to generate efficient returns on its invested capital as margin pressures and operational costs continue to erode the underlying profitability of the business.
The downward trend in ROIC suggests that the company's asset-light model is losing its competitive edge, likely due to rising input costs and increased promotional spending required to defend shelf space. Investors should monitor whether management can stabilize these returns or if the current decay represents a structural shift in the business's ability to compound value.
As reported in recent quarterly filings, the cash conversion cycle has expanded to 93 days in 2026Q2 from a low of 63 days in 2024Q2, signaling that the company is facing increasing difficulty in managing its inventory and accounts payable cycles amidst a more challenging retail demand environment.
The lengthening of the cash conversion cycle, driven largely by rising days inventory outstanding, suggests that the company may be holding excess stock that is not moving as quickly as historical patterns would imply. This inefficiency ties up critical liquidity and increases the risk of future inventory write-downs if demand continues to soften.
According to quarterly balance sheet data, the interest coverage ratio has fallen to 3.28x in 2026Q2 from a peak of 8.01x in 2025Q1, indicating that the company's ability to comfortably service its debt obligations is diminishing as operating income volatility persists and debt levels remain elevated.
The combination of a high debt-to-EBITDA ratio and declining interest coverage suggests that the company's financial flexibility is becoming increasingly constrained. This leverage profile warrants close investigation, as it limits the firm's capacity to navigate potential sector-specific downturns or further commodity price shocks without risking its credit standing.
The P/E ratio is frequently misapplied to BellRing Brands, as it obscures the impact of the Tax Receivable Agreement and non-recurring items that distort net income, making it a poor metric for assessing the true cash-generating potential of this specific asset-light consumer business model.
Investors should instead focus on EV/EBITDA or free cash flow yields, which better account for the company's capital structure and the specific cash outflows associated with its spin-off obligations. Relying on P/E in this context may lead to an inaccurate assessment of the company's valuation, as it fails to capture the underlying quality of earnings.
Includes 30+ ratios · 9 years · Updated daily
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Quick answers to the most common questions about buying BRBR stock.
BellRing Brands, Inc.'s current P/E ratio is 8.3x. The historical average is 20.5x. This places it at the 17th percentile of its historical range.
BellRing Brands, Inc.'s current EV/EBITDA is 7.0x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 14.5x.
Based on historical data, BellRing Brands, Inc. is trading at a P/E of 8.3x. This is at the 17th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
BellRing Brands, Inc. has 33.3% gross margin and 15.4% operating margin. Operating margin between 10-20% is typical for established companies.
BellRing Brands, Inc.'s Debt/EBITDA ratio is 3.0x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.