Latest Ratios: P/E Ratio 24.0x · EV/EBITDA 11.8x · ROE 10.3%. (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 | $1.1B | $1.3B | $1.0B | $2.1B | $2.2B | $3.2B | $2.6B | $4.2B | $3.5B | $3.7B | $3.8B |
| Enterprise Value | $2.2B | $2.5B | $2.2B | $3.2B | $3.4B | $4.2B | $3.8B | $4.5B | $3.8B | $4.0B | $4.0B |
| P/E Ratio → | 24.03 | 28.66 | 25.04 | 20.94 | 16.77 | 12.72 | — | 18.74 | 14.24 | 18.57 | 20.03 |
| P/S Ratio | 0.32 | 0.38 | 0.29 | 0.60 | 0.68 | 1.15 | 1.05 | 1.36 | 1.16 | 1.28 | 1.30 |
| P/B Ratio | 2.41 | 2.87 | 2.32 | 4.29 | 4.32 | 4.88 | 6.30 | 6.92 | 6.06 | 6.89 | 7.20 |
| P/FCF | 18.36 | 22.01 | 25.14 | 16.59 | 20.43 | 13.96 | — | 18.58 | 19.71 | 17.80 | 23.98 |
| P/OCF | 5.05 | 6.06 | 6.05 | 8.29 | 10.77 | 10.72 | 16.37 | 11.54 | 10.67 | 11.69 | 13.96 |
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 | — | 0.71 | 0.64 | 0.93 | 1.03 | 1.50 | 1.52 | 1.48 | 1.26 | 1.36 | 1.39 |
| EV / EBITDA | 11.82 | 12.98 | 13.05 | 13.51 | 12.50 | 8.64 | 16.08 | 11.65 | 9.84 | 9.98 | 11.26 |
| EV / EBIT | 40.82 | 42.36 | 49.06 | 26.64 | 21.99 | 11.50 | 37.32 | 16.08 | 12.84 | 12.91 | 14.68 |
| EV / FCF | — | 40.93 | 54.40 | 25.70 | 31.11 | 18.20 | — | 20.19 | 21.30 | 18.93 | 25.56 |
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 | 33.0% | 33.0% | 32.0% | 32.1% | 32.7% | 34.5% | 32.4% | 34.6% | 34.3% | 34.8% | 33.6% |
| Operating Margin | 1.6% | 1.6% | 1.3% | 3.5% | 4.7% | 13.0% | 2.2% | 9.2% | 9.7% | 10.7% | 9.6% |
| Net Profit Margin | 1.3% | 1.3% | 1.2% | 2.9% | 4.0% | 9.0% | -1.3% | 7.3% | 8.2% | 6.9% | 6.5% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 10.3% | 10.3% | 8.9% | 19.9% | 22.4% | 47.0% | -6.3% | 37.7% | 44.0% | 37.7% | 35.6% |
| ROA | 2.1% | 2.1% | 1.9% | 4.4% | 5.6% | 10.3% | -1.6% | 14.4% | 16.2% | 13.4% | 12.3% |
| ROIC | 2.6% | 2.6% | 2.1% | 5.5% | 6.9% | 16.9% | 3.3% | 23.1% | 26.7% | 30.1% | 29.0% |
| ROCE | 3.4% | 3.4% | 2.6% | 6.8% | 8.2% | 18.2% | 3.4% | 24.1% | 25.4% | 27.5% | 24.8% |
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 | 2.55 | 2.55 | 2.73 | 2.41 | 2.35 | 1.70 | 3.88 | 0.66 | 0.69 | 0.73 | 0.76 |
| Debt / EBITDA | 6.21 | 6.21 | 7.09 | 4.89 | 4.46 | 2.31 | 6.83 | 1.02 | 1.03 | 1.00 | 1.12 |
| Net Debt / Equity | — | 2.47 | 2.70 | 2.35 | 2.26 | 1.48 | 2.84 | 0.60 | 0.49 | 0.44 | 0.47 |
| Net Debt / EBITDA | 6.00 | 6.00 | 7.02 | 4.79 | 4.29 | 2.01 | 4.99 | 0.93 | 0.74 | 0.60 | 0.69 |
| Debt / FCF | — | 18.92 | 29.26 | 9.10 | 10.68 | 4.23 | — | 1.61 | 1.59 | 1.13 | 1.58 |
| Interest Coverage | 2.84 | 2.84 | 2.16 | 7.09 | 15.90 | 6.53 | 4.59 | 17.15 | 19.58 | 21.65 | 19.58 |
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 | 0.50 | 0.50 | 0.61 | 0.58 | 0.63 | 0.76 | 1.43 | 0.62 | 0.84 | 0.95 | 0.96 |
| Quick Ratio | 0.21 | 0.21 | 0.21 | 0.19 | 0.21 | 0.46 | 1.12 | 0.22 | 0.41 | 0.54 | 0.55 |
| Cash Ratio | 0.06 | 0.06 | 0.03 | 0.05 | 0.09 | 0.31 | 0.97 | 0.09 | 0.31 | 0.43 | 0.41 |
| Asset Turnover | — | 1.61 | 1.61 | 1.55 | 1.42 | 1.18 | 0.99 | 1.94 | 1.98 | 1.92 | 1.94 |
| Inventory Turnover | 12.93 | 12.93 | 13.04 | 12.34 | 10.31 | 13.36 | 12.26 | 12.97 | 12.74 | 12.20 | 12.70 |
| Days Sales Outstanding | — | 5.02 | 5.16 | 3.23 | 3.60 | 3.54 | 7.09 | 2.70 | 2.35 | 2.79 | 4.46 |
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 | 2.1% | 1.7% | 11.3% | 5.6% | 5.2% | 1.0% | 3.6% | 4.6% | 5.9% | 5.3% | 6.7% |
| Payout Ratio | 49.8% | 49.8% | 283.6% | 117.2% | 87.1% | 12.4% | — | 86.6% | 83.7% | 97.5% | 135.0% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 4.2% | 3.5% | 4.0% | 4.8% | 6.0% | 7.9% | — | 5.3% | 7.0% | 5.4% | 5.0% |
| FCF Yield | 5.4% | 4.5% | 4.0% | 6.0% | 4.9% | 7.2% | — | 5.4% | 5.1% | 5.6% | 4.2% |
| Buyback Yield | 0.1% | 0.1% | 0.2% | 0.8% | 6.0% | 1.1% | 2.1% | 0.1% | 0.4% | 0.2% | 0.4% |
| Total Shareholder Yield | 2.2% | 1.9% | 11.5% | 6.4% | 11.1% | 2.1% | 5.7% | 4.7% | 6.3% | 5.4% | 7.1% |
| Shares Outstanding | — | $22M | $22M | $22M | $23M | $24M | $24M | $24M | $24M | $24M | $24M |
Margin compression and liquidity
According to current market data, CBRL trades at a P/E of 25.66, which appears disconnected from its recent operational volatility and suggests investors are pricing in a potential turnaround that remains unsupported by the stagnant 0.37% year-over-year revenue growth observed in recent quarterly financial filings.
The current valuation multiple appears to rely on the assumption of a return to historical profitability levels that the business has struggled to achieve. Given the persistent margin compression, the market may be overvaluing the brand's legacy status while failing to adequately discount the risks associated with its high fixed-cost structure.
As reported in recent financial statements, the company's operating margin has compressed to a precarious 1.58%, indicating that the retail-restaurant hybrid model is currently failing to generate sufficient scale to offset rising labor and commodity costs relative to its casual dining industry peers.
The extreme volatility in gross margins, which fluctuated significantly across recent quarters, suggests that inventory markdowns in the retail segment are frequently masking underlying weakness in restaurant profitability. This lack of margin stability implies that the company's earning power is currently highly sensitive to minor shifts in consumer discretionary spending.
Based on the provided quarterly data, ROIC has trended toward zero or negative territory, with a 0.3% reading in 2026Q3, signaling that the company is currently failing to generate returns on invested capital that exceed its cost of capital, a trend that warrants further investigation.
The decay in ROIC suggests that historical capital allocation, particularly regarding store maintenance and dividend payouts, has not yielded the expected operational efficiencies. Investors should monitor whether management shifts focus toward high-ROI digital infrastructure investments to reverse this multi-year trend of deteriorating capital productivity.
As indicated by the company's recent balance sheet filings, the current ratio has consistently hovered near 0.50, a level that appears inadequate for a business model reliant on seasonal retail inventory and high-volume, low-margin restaurant operations during periods of macroeconomic stress.
The low quick ratio, which dropped as low as 0.16 in 2026Q1, suggests that the company possesses minimal liquid assets to cover short-term obligations without relying on external financing. This liquidity profile leaves the firm highly vulnerable to sudden disruptions in travel patterns or unexpected spikes in operational expenses.
Based on an analysis of industry reporting standards, the EV/EBITDA multiple is frequently misapplied to this business model because it ignores the significant depreciation associated with the company's owned real estate, which artificially inflates the perceived cash-generating capacity of the restaurant and retail operations.
Analysts should instead prioritize free cash flow metrics or adjusted EBIT to better account for the capital-intensive nature of the store footprint. Relying solely on EBITDA obscures the true cost of maintaining the physical assets required to sustain the brand's unique interstate-adjacent competitive advantage.
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying CBRL stock.
Cracker Barrel Old Country Store, Inc.'s current P/E ratio is 24.0x. The historical average is 16.9x. This places it at the 93th percentile of its historical range.
Cracker Barrel Old Country Store, Inc.'s current EV/EBITDA is 11.8x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 10.1x.
Cracker Barrel Old Country Store, Inc.'s return on equity (ROE) is 10.3%. The historical average is 26.7%.
Based on historical data, Cracker Barrel Old Country Store, Inc. is trading at a P/E of 24.0x. This is at the 93th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Cracker Barrel Old Country Store, Inc.'s current dividend yield is 2.08% with a payout ratio of 49.8%.
Cracker Barrel Old Country Store, Inc. has 33.0% gross margin and 1.6% operating margin.
Cracker Barrel Old Country Store, Inc.'s Debt/EBITDA ratio is 6.2x, indicating high leverage. A ratio above 4x may signal elevated financial risk.