Latest Ratios: P/E Ratio -4.1x · EV/EBITDA N/A · ROE -19.3%. (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 | $42M | $43M | $48M | $57M | $67M | $79M | $174M | $86M | $257M | $373M | $402M |
| Enterprise Value | $54M | $55M | $60M | $52M | $55M | $75M | $147M | $58M | $218M | $352M | $381M |
| P/E Ratio → | -4.11 | — | — | — | — | — | 54.42 | — | 45.60 | 17.91 | 18.03 |
| P/S Ratio | 0.21 | 0.21 | 0.25 | 0.29 | 0.32 | 0.29 | 0.58 | 0.33 | 0.87 | 1.15 | 1.30 |
| P/B Ratio | 0.87 | 0.89 | 0.83 | 0.75 | 0.75 | 0.66 | 1.35 | 0.65 | 1.57 | 2.28 | 2.70 |
| P/FCF | — | — | — | — | 11.77 | — | 11.77 | 222.16 | 24.26 | 19.18 | 19.02 |
| P/OCF | — | — | — | — | 8.59 | — | 8.12 | 17.21 | 18.56 | 13.59 | 12.18 |
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 | — | 0.27 | 0.32 | 0.26 | 0.27 | 0.28 | 0.49 | 0.23 | 0.74 | 1.09 | 1.23 |
| EV / EBITDA | — | — | — | — | — | 9.09 | 7.58 | 4.08 | 10.29 | 9.92 | 10.19 |
| EV / EBIT | — | — | — | — | — | 110.35 | 13.44 | — | 17.10 | 13.05 | 12.67 |
| EV / FCF | — | — | — | — | 9.65 | — | 9.92 | 150.48 | 20.56 | 18.08 | 18.04 |
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 | 12.4% | 12.4% | 1.8% | 1.4% | -8.1% | 3.7% | 16.6% | 15.8% | 16.9% | 20.0% | 22.4% |
| Operating Margin | -4.7% | -4.7% | -4.7% | -5.6% | -13.1% | 0.3% | 4.0% | 2.4% | 4.3% | 8.5% | 9.7% |
| Net Profit Margin | -5.0% | -5.0% | -10.1% | -6.9% | -15.2% | -1.2% | 1.1% | -11.2% | 1.9% | 6.4% | 7.2% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -19.3% | -19.3% | -28.6% | -16.7% | -30.2% | -2.6% | 2.5% | -19.4% | 3.5% | 13.4% | 16.1% |
| ROA | -8.7% | -8.7% | -14.9% | -9.7% | -19.1% | -1.6% | 1.5% | -13.2% | 2.6% | 9.9% | 11.7% |
| ROIC | -11.0% | -11.0% | -9.6% | -11.5% | -21.1% | 0.5% | 8.9% | 4.0% | 7.1% | 15.3% | 20.6% |
| ROCE | -13.2% | -13.2% | -10.6% | -11.2% | -21.4% | 0.5% | 7.4% | 3.4% | 7.0% | 16.3% | 20.2% |
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 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.42 | 0.42 | 0.31 | 0.06 | 0.10 | 0.09 | 0.07 | 0.32 | 0.00 | — | — |
| Debt / EBITDA | — | — | — | — | — | 1.25 | 0.49 | 2.97 | 0.03 | — | — |
| Net Debt / Equity | — | 0.25 | 0.21 | -0.07 | -0.14 | -0.04 | -0.21 | -0.21 | -0.24 | -0.13 | -0.14 |
| Net Debt / EBITDA | — | — | — | — | — | -0.52 | -1.42 | -1.94 | -1.86 | -0.60 | -0.56 |
| Debt / FCF | — | — | — | — | -2.12 | — | -1.85 | -71.68 | -3.71 | -1.09 | -0.98 |
| Interest Coverage | -12.53 | -12.53 | — | — | — | — | 214.33 | -71.44 | 364.49 | 286.99 | — |
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 | 1.83 | 1.83 | 1.78 | 2.12 | 2.17 | 3.29 | 2.34 | 3.78 | 3.50 | 3.25 | 2.22 |
| Quick Ratio | 0.75 | 0.75 | 0.73 | 0.95 | 1.15 | 1.25 | 1.43 | 2.59 | 2.06 | 1.94 | 1.10 |
| Cash Ratio | 0.22 | 0.22 | 0.15 | 0.29 | 0.51 | 0.45 | 0.75 | 1.87 | 1.28 | 1.22 | 0.50 |
| Asset Turnover | — | 1.83 | 1.54 | 1.52 | 1.36 | 1.51 | 1.40 | 1.19 | 1.35 | 1.49 | 1.51 |
| Inventory Turnover | 3.75 | 3.75 | 3.78 | 4.40 | 4.97 | 3.89 | 4.47 | 4.50 | 4.85 | 4.85 | 4.67 |
| Days Sales Outstanding | — | 36.79 | 43.04 | 39.65 | 44.41 | 31.37 | 45.94 | 38.01 | 29.71 | 29.66 | 28.98 |
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 | — | — | — | — | — | 7.0% | 3.0% | 5.9% | 1.8% | 1.8% | 1.6% |
| Payout Ratio | — | — | — | — | — | — | 164.5% | — | 83.4% | 32.8% | 28.1% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | — | 1.8% | — | 2.2% | 5.6% | 5.5% |
| FCF Yield | — | — | — | — | 8.5% | — | 8.5% | 0.5% | 4.1% | 5.2% | 5.3% |
| Buyback Yield | 0.2% | 0.2% | 0.1% | 0.3% | 0.0% | 2.3% | 0.0% | 2.0% | 1.3% | 0.0% | 0.0% |
| Total Shareholder Yield | 0.2% | 0.2% | 0.1% | 0.3% | 0.0% | 9.2% | 3.0% | 7.9% | 3.1% | 1.8% | 1.6% |
| Shares Outstanding | — | $13M | $13M | $12M | $12M | $12M | $12M | $12M | $13M | $13M | $13M |
Liquidity and volume contraction
According to current market data, Culp trades at a price-to-sales multiple of 0.18, a valuation level that suggests investors are pricing the company as a distressed turnaround play rather than a viable growth entity within the consumer cyclical sector.
The negative P/E ratio and lack of forward earnings visibility underscore the market's skepticism regarding a near-term return to profitability. This valuation discount appears to be a direct consequence of the company's inability to generate positive operating margins, forcing a re-rating that ignores potential asset value in favor of immediate liquidity concerns.
Based on reported financial figures, Culp's ROIC has trended into negative territory, reaching -3.7% in 2025Q3, which indicates that the company is currently destroying shareholder value rather than compounding it through its core manufacturing operations.
The shift from positive returns in early 2024 to sustained negative ROIC highlights the structural difficulty of maintaining capital efficiency when revenue volumes are insufficient to cover fixed overhead. This decay suggests that management's current capital allocation strategy is failing to generate returns above the cost of capital, warranting further investigation into the viability of existing production facilities.
As reported in recent quarterly filings, Culp's cash conversion cycle has expanded to 91 days in 2025Q3, reflecting a deterioration in working capital efficiency that complicates the company's ability to manage its limited cash reserves effectively.
The increase in days inventory outstanding to 109 days suggests that the company is struggling to clear finished goods in a cooling demand environment, which ties up critical liquidity. This inefficiency appears to be a structural drag on the balance sheet, as the company is unable to convert its inventory into cash at a pace that matches its operational cash outflows.
Based on the most recent balance sheet data, Culp's quick ratio has declined to 0.70, indicating that the company's ability to meet short-term obligations without relying on inventory liquidation is becoming increasingly constrained in the current economic climate.
With cash reserves dwindling to $5.6 million, the company's liquidity position appears vulnerable to any further shocks in the home furnishings market. Investors should monitor whether the current current ratio of 1.71 is sufficient to sustain operations, given that a significant portion of these assets is tied up in potentially slow-moving inventory.
The price-to-book ratio of 0.67 is frequently misapplied by market participants as a floor for Culp's valuation, failing to account for the rapid erosion of equity capital caused by persistent net losses and the potential for significant inventory obsolescence.
Relying on book value in a manufacturing context with negative margins is misleading because it ignores the reality that assets may be worth significantly less than their carrying value if they cannot be utilized to generate future cash flows. A more appropriate metric for this business model would be a focus on cash-burn rates relative to available liquidity, rather than static balance sheet multiples.
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying CULP stock.
Culp, Inc.'s current P/E ratio is -4.1x. The historical average is 19.7x.
Culp, Inc.'s return on equity (ROE) is -19.3%. The historical average is -1.0%.
Based on historical data, Culp, Inc. is trading at a P/E of -4.1x. Compare with industry peers and growth rates for a complete picture.
Culp, Inc. has 12.4% gross margin and -4.7% operating margin.