Latest Ratios: P/E Ratio 126.8x · EV/EBITDA 16.8x · ROE 5.2%. (2005–2025 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 | $8.1B | $10.8B | $6.3B | $12.9B | $7.9B | $5.8B | $3.7B | $310M | $174M | $233M | $94M |
| Enterprise Value | $8.4B | $11.1B | $5.4B | $12.2B | $7.3B | $5.8B | $3.7B | $296M | $174M | $223M | $87M |
| P/E Ratio → | 126.80 | 182.96 | 58.53 | 70.81 | — | 1243.00 | 456.95 | 30.21 | — | — | — |
| P/S Ratio | 3.22 | 4.31 | 4.61 | 9.80 | 12.04 | 18.44 | 28.65 | 4.13 | 3.31 | 6.45 | 4.15 |
| P/B Ratio | 2.56 | 3.69 | 5.11 | 11.87 | 9.10 | 26.70 | 35.90 | 4.89 | 14.76 | 13.60 | 8.67 |
| P/FCF | 25.06 | 33.55 | 26.11 | 104.37 | 78.77 | — | 1327.64 | 324.27 | — | — | — |
| P/OCF | 22.55 | 30.18 | 23.79 | 91.48 | 72.75 | — | 1103.17 | 299.82 | — | — | — |
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 | — | 4.42 | 3.97 | 9.23 | 11.10 | 18.39 | 28.33 | 3.94 | 3.32 | 6.15 | 3.83 |
| EV / EBITDA | 16.82 | 22.33 | 33.03 | 45.13 | — | — | 388.86 | — | — | — | — |
| EV / EBIT | 17.88 | 63.90 | 34.57 | 45.67 | — | — | 381.22 | 26.08 | — | — | — |
| EV / FCF | — | 34.39 | 22.48 | 98.28 | 72.64 | — | 1312.71 | 310.08 | — | — | — |
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 | 50.4% | 50.4% | 50.2% | 48.0% | 41.4% | 40.8% | 46.6% | 41.7% | 40.0% | 42.7% | 42.7% |
| Operating Margin | 18.6% | 18.6% | 11.5% | 20.2% | -24.1% | -1.3% | 6.1% | -1.9% | -20.2% | -22.3% | -12.5% |
| Net Profit Margin | 4.3% | 4.3% | 10.7% | 17.2% | -28.7% | 1.3% | 6.5% | 13.3% | -21.3% | -22.8% | -13.5% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 5.2% | 5.2% | 12.5% | 23.2% | -34.6% | 2.5% | 10.2% | 26.5% | -77.4% | -58.8% | -31.2% |
| ROA | 3.1% | 3.1% | 8.8% | 16.4% | -24.4% | 1.8% | 7.7% | 16.0% | -36.3% | -36.8% | -18.6% |
| ROIC | 19.7% | 19.7% | 33.9% | 68.1% | -52.2% | -2.3% | 10.6% | -3.5% | -86.4% | -119.9% | -63.1% |
| ROCE | 17.2% | 17.2% | 11.7% | 23.0% | -24.6% | -2.5% | 9.4% | -3.5% | -52.7% | -44.8% | -19.9% |
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 | 0.23 | 0.23 | 0.02 | 0.00 | 0.00 | 0.01 | 0.01 | 0.15 | 0.67 | 0.20 | 0.41 |
| Debt / EBITDA | 1.35 | 1.35 | 0.12 | 0.01 | — | — | 0.12 | — | — | — | — |
| Net Debt / Equity | — | 0.09 | -0.71 | -0.69 | -0.71 | -0.07 | -0.40 | -0.21 | 0.02 | -0.62 | -0.67 |
| Net Debt / EBITDA | 0.54 | 0.54 | -5.34 | -2.80 | — | — | -4.42 | — | — | — | — |
| Debt / FCF | — | 0.84 | -3.63 | -6.09 | -6.13 | — | -14.93 | -14.19 | — | — | — |
| Interest Coverage | 3.55 | 3.55 | — | — | — | -506.38 | 9.04 | 8.16 | -58.34 | -50.31 | -12.41 |
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 | 1.68 | 1.68 | 3.62 | 4.36 | 5.69 | 2.82 | 3.53 | 1.93 | 2.32 | 4.18 | 7.61 |
| Quick Ratio | 1.37 | 1.37 | 3.26 | 3.53 | 4.62 | 0.76 | 2.84 | 1.36 | 1.55 | 3.36 | 6.66 |
| Cash Ratio | 0.37 | 0.37 | 2.44 | 2.73 | 3.81 | 0.17 | 1.64 | 0.87 | 0.52 | 2.19 | 5.06 |
| Asset Turnover | — | 0.49 | 0.77 | 0.86 | 0.53 | 1.00 | 1.00 | 0.83 | 1.52 | 1.33 | 1.28 |
| Inventory Turnover | 3.70 | 3.70 | 5.15 | 2.99 | 2.21 | 0.97 | 3.79 | 2.87 | 2.75 | 3.91 | 5.89 |
| Days Sales Outstanding | — | 109.63 | 72.79 | 51.52 | 37.02 | 48.00 | 47.11 | 43.50 | 90.07 | 64.35 | 44.70 |
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 | 0.5% | 0.3% | 0.4% | 0.2% | 0.1% | — | — | — | — | — | — |
| 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 | 0.8% | 0.5% | 1.7% | 1.4% | — | 0.1% | 0.2% | 3.3% | — | — | — |
| FCF Yield | 4.0% | 3.0% | 3.8% | 1.0% | 1.3% | — | 0.1% | 0.3% | — | — | — |
| Buyback Yield | 0.5% | 0.4% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 1.0% | 0.7% | 0.5% | 0.2% | 0.1% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Shares Outstanding | — | $237M | $237M | $237M | $227M | $233M | $223M | $193M | $150M | $133M | $116M |
Distributor inventory cycle volatility
According to current market data, CELH trades at a TTM P/E of 119.40, a valuation multiple that suggests investors are pricing in aggressive long-term growth that significantly exceeds the historical norms of the broader non-alcoholic beverage sector and established peers like Monster Beverage.
The current valuation appears to hinge on the assumption that the company will successfully transition from a domestic disruptor to a global staple. Investors should monitor whether the forward P/E of 18.20 is a realistic reflection of earnings expansion or if it underestimates the potential for margin compression as international marketing costs scale.
Based on reported financial statements, the company's ROIC has experienced significant volatility, declining from a peak of 22.7% in 2024Q2 to 3.3% in 2026Q1, which suggests that recent capital deployments have yet to generate the same level of returns as the company's earlier, leaner growth phase.
The sharp drop in return on invested capital warrants further investigation into whether the recent surge in goodwill and debt is diluting the company's ability to compound value. This trend may indicate that the business is becoming more capital-intensive as it matures and expands its physical footprint.
As reported in quarterly filings, the cash conversion cycle has fluctuated wildly, reaching a high of 178 days in 2024Q3 before settling at 132 days in 2026Q1, highlighting the operational challenges of managing inventory levels within the complex PepsiCo distribution network.
The variability in days sales outstanding and days inventory outstanding suggests that the company's working capital efficiency is highly sensitive to distributor stocking patterns. This lack of consistency may indicate that the company lacks full control over its supply chain velocity, potentially exposing it to future inventory write-downs.
Based on the company's 2026Q1 balance sheet, the debt-to-equity ratio has climbed to 1.95, a marked departure from the near-zero leverage maintained in 2024, which indicates a fundamental shift in the firm's risk profile as it finances its aggressive growth strategy through external borrowing.
While the interest coverage ratio of 11.74 appears adequate for now, the rapid accumulation of debt suggests that the company's financial flexibility is narrowing. Investors should monitor whether this leverage is being used to fund sustainable growth or if it is merely masking the cash flow requirements of a maturing business model.
Institutional research often misapplies the trailing P/E ratio to CELH, as reported net income is frequently distorted by non-cash warrant accounting and lumpy distribution transition costs, which obscures the underlying cash-generating capability of the core beverage business.
Analysts should instead focus on EV/EBITDA or adjusted free cash flow to better capture the operational reality of the business. Relying on P/E in this context may lead to an inaccurate assessment of the company's true earning power during its current phase of rapid, acquisition-heavy expansion.
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Quick answers to the most common questions about buying CELH stock.
Celsius Holdings, Inc.'s current P/E ratio is 126.8x. The historical average is 85.6x. This places it at the 75th percentile of its historical range.
Celsius Holdings, Inc.'s current EV/EBITDA is 16.8x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 33.5x.
Celsius Holdings, Inc.'s return on equity (ROE) is 5.2%. The historical average is -39.5%.
Based on historical data, Celsius Holdings, Inc. is trading at a P/E of 126.8x. This is at the 75th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Celsius Holdings, Inc.'s current dividend yield is 0.50%.
Celsius Holdings, Inc. has 50.4% gross margin and 18.6% operating margin. Operating margin between 10-20% is typical for established companies.
Celsius Holdings, Inc.'s Debt/EBITDA ratio is 1.3x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.