Latest Ratios: P/E Ratio 33.2x · EV/EBITDA 19.5x · ROE 38.4%. (2011–2025 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 | $19.9B | $19.0B | $18.3B | $12.4B | $15.1B | $16.1B | $16.4B | $14.6B | $11.8B | $8.6B | $6.0B |
| Enterprise Value | $24.7B | $23.7B | $22.7B | $16.3B | $19.0B | $19.5B | $19.7B | $17.9B | $12.7B | $9.5B | $7.1B |
| P/E Ratio → | 33.24 | 31.11 | 36.40 | 36.55 | 65.85 | 39.49 | — | 31.47 | 28.43 | 22.21 | 27.81 |
| P/S Ratio | 1.72 | 1.64 | 1.72 | 1.28 | 1.74 | 1.73 | 2.85 | 2.01 | 1.77 | 1.40 | 1.07 |
| P/B Ratio | 11.22 | 10.50 | 13.38 | 12.45 | 19.05 | 21.23 | 35.33 | 27.71 | 36.54 | 98.59 | — |
| P/FCF | 115.96 | 110.57 | — | 35.31 | 104.25 | 33.62 | — | 26.07 | 35.17 | 25.23 | 14.47 |
| P/OCF | 16.16 | 15.41 | 21.24 | 14.28 | 25.40 | 19.37 | 74.91 | 16.41 | 18.44 | 14.09 | 9.96 |
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 | — | 2.05 | 2.14 | 1.67 | 2.18 | 2.09 | 3.41 | 2.45 | 1.90 | 1.56 | 1.26 |
| EV / EBITDA | 19.54 | 18.80 | 21.38 | 19.05 | 29.04 | 19.17 | — | 21.53 | 16.21 | 13.89 | 12.36 |
| EV / EBIT | 29.20 | 26.77 | 30.52 | 29.93 | 50.74 | 31.83 | — | 28.29 | 22.48 | 19.58 | 18.11 |
| EV / FCF | — | 138.38 | — | 46.35 | 130.61 | 40.62 | — | 31.82 | 37.77 | 28.16 | 17.00 |
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 | 43.9% | 43.9% | 43.3% | 42.6% | 40.6% | 41.7% | 38.3% | 42.0% | 42.0% | 41.7% | 41.0% |
| Operating Margin | 7.3% | 7.3% | 6.7% | 5.6% | 4.4% | 8.2% | — | 8.5% | 8.5% | 8.0% | 6.9% |
| Net Profit Margin | 5.3% | 5.3% | 4.7% | 3.5% | 2.6% | 4.4% | -3.8% | 6.4% | 6.2% | 6.3% | 3.9% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 38.4% | 38.4% | 42.5% | 37.9% | 29.6% | 66.7% | -43.6% | 109.3% | 202.6% | 2082.4% | — |
| ROA | 6.5% | 6.5% | 6.1% | 4.5% | 3.2% | 5.9% | -3.5% | 10.7% | 14.1% | 14.3% | 8.4% |
| ROIC | 10.3% | 10.3% | 10.1% | 8.7% | 6.6% | 14.7% | — | 18.7% | 37.1% | 35.1% | 26.6% |
| ROCE | 11.9% | 11.9% | 11.7% | 9.9% | 7.3% | 15.0% | — | 20.8% | 32.0% | 29.7% | 23.6% |
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 | 3.32 | 3.32 | 3.92 | 4.82 | 5.92 | 5.86 | 9.98 | 6.87 | 3.06 | 12.99 | — |
| Debt / EBITDA | 4.76 | 4.76 | 5.06 | 5.62 | 7.19 | 4.38 | — | 4.38 | 1.26 | 1.64 | 1.98 |
| Net Debt / Equity | — | 2.64 | 3.19 | 3.89 | 4.82 | 4.42 | 7.01 | 6.11 | 2.71 | 11.45 | — |
| Net Debt / EBITDA | 3.78 | 3.78 | 4.12 | 4.54 | 5.86 | 3.30 | — | 3.89 | 1.12 | 1.45 | 1.84 |
| Debt / FCF | — | 27.81 | — | 11.04 | 26.36 | 7.00 | — | 5.75 | 2.61 | 2.93 | 2.53 |
| Interest Coverage | 12.49 | 12.49 | 10.71 | 6.94 | 5.63 | 9.08 | -3.48 | 12.42 | 10.07 | 8.30 | 6.93 |
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 | 1.23 | 1.23 | 1.16 | 1.15 | 1.19 | 1.31 | 1.49 | 0.97 | 1.02 | 0.98 | 0.93 |
| Quick Ratio | 0.65 | 0.65 | 0.61 | 0.61 | 0.58 | 0.78 | 1.05 | 0.44 | 0.25 | 0.31 | 0.23 |
| Cash Ratio | 0.55 | 0.55 | 0.44 | 0.46 | 0.46 | 0.56 | 0.82 | 0.28 | 0.09 | 0.12 | 0.08 |
| Asset Turnover | — | 1.17 | 1.21 | 1.26 | 1.20 | 1.31 | 0.85 | 1.30 | 2.17 | 2.17 | 2.17 |
| Inventory Turnover | 4.94 | 4.94 | 4.82 | 5.13 | 4.38 | 5.32 | 4.80 | 5.44 | 4.05 | 4.73 | 4.70 |
| Days Sales Outstanding | — | 3.32 | 3.02 | 2.79 | 2.98 | 2.12 | 3.94 | 4.58 | 3.22 | 4.28 | 2.82 |
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 | 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 | 3.0% | 3.2% | 2.7% | 2.7% | 1.5% | 2.5% | — | 3.2% | 3.5% | 4.5% | 3.6% |
| FCF Yield | 0.9% | 0.9% | — | 2.8% | 1.0% | 3.0% | — | 3.8% | 2.8% | 4.0% | 6.9% |
| Buyback Yield | 1.4% | 1.5% | 1.4% | 2.0% | 2.1% | 1.7% | 0.4% | 2.2% | 1.9% | 3.4% | 3.4% |
| Total Shareholder Yield | 1.4% | 1.5% | 1.4% | 2.0% | 2.1% | 1.7% | 0.4% | 2.2% | 1.9% | 3.4% | 3.4% |
| Shares Outstanding | — | $64M | $65M | $65M | $66M | $68M | $66M | $67M | $69M | $70M | $72M |
High Debt Leverage Sensitivity
Based on current market data, Burlington trades at a forward P/E of 32.79, which suggests that investors are pricing in significant future margin expansion and earnings growth that may be difficult to achieve given the company's historical volatility and intense competition from larger off-price peers.
The current valuation multiple appears to reflect a 'catch-up' narrative, assuming Burlington can close the structural margin gap with industry leaders like Ross Stores. However, given the company's reliance on debt-funded expansion, this premium valuation warrants caution as it leaves little margin for error if store productivity targets are not met.
According to recent financial statements, Burlington's ROIC remains low at 1.9% as of 2026Q1, indicating that the company is currently struggling to generate returns on invested capital that exceed its cost of capital, largely due to the heavy debt load required to fund its store footprint.
The persistent gap between Burlington's ROIC and that of its more efficient peers suggests that the company's capital allocation strategy is currently focused on scale rather than immediate profitability. Investors should monitor whether the transition to smaller store formats can improve asset efficiency and drive a meaningful recovery in return metrics over the coming fiscal years.
As reported in quarterly filings, Burlington's inventory turnover remains a critical performance driver, with DIO fluctuating between 64 and 93 days over the last ten quarters, highlighting the inherent difficulty in managing a 'treasure hunt' procurement model across a rapidly expanding network of physical retail locations.
The efficiency of the cash conversion cycle is highly sensitive to the company's ability to move seasonal goods without excessive markdowns. While the current CCC remains manageable, any sustained increase in DIO could signal a buildup of obsolete inventory, which would likely pressure gross margins and necessitate further liquidity-draining promotional activity.
Based on reported figures, Burlington maintains a debt-to-equity ratio of 3.20 as of 2026Q1, which represents a highly leveraged capital structure that significantly increases the company's sensitivity to interest rate fluctuations and limits its ability to navigate potential downturns in consumer discretionary spending compared to less-indebted peers.
The elevated leverage profile suggests that a substantial portion of operating cash flow is diverted toward interest obligations rather than reinvestment or shareholder returns. This structural constraint may hinder the company's ability to maintain its aggressive store opening pace if credit markets tighten or if operating income growth fails to keep pace with debt service requirements.
The P/E ratio is frequently misapplied to Burlington's business model because it ignores the significant impact of the company's high debt-to-equity ratio and the resulting interest expense, which can artificially depress net income and distort the perceived valuation of the firm's underlying operational performance.
Analysts should prioritize EV/EBITDA over P/E when evaluating Burlington, as the former provides a more accurate picture of the company's enterprise value relative to its core operating profitability. Relying solely on P/E obscures the true cost of the capital structure and fails to account for the substantial lease liabilities that are central to the company's asset-heavy retail strategy.
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Quick answers to the most common questions about buying BURL stock.
Burlington Stores, Inc.'s current P/E ratio is 33.2x. The historical average is 36.7x. This places it at the 55th percentile of its historical range.
Burlington Stores, Inc.'s current EV/EBITDA is 19.5x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 18.6x.
Burlington Stores, Inc.'s return on equity (ROE) is 38.4%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 60.4%.
Based on historical data, Burlington Stores, Inc. is trading at a P/E of 33.2x. This is at the 55th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Burlington Stores, Inc. has 43.9% gross margin and 7.3% operating margin.
Burlington Stores, Inc.'s Debt/EBITDA ratio is 4.8x, indicating high leverage. A ratio above 4x may signal elevated financial risk.