Latest Ratios: P/E Ratio -26.8x · EV/EBITDA 6.6x · 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 | $185M | $117M | $746M | $539M | $389M | $1.0B | — | — | — | — |
| Enterprise Value | $602M | $533M | $1.2B | $1.0B | $923M | $1.6B | — | — | — | — |
| P/E Ratio → | -26.84 | — | 47.07 | 46.91 | 7.75 | — | — | — | — | — |
| P/S Ratio | 0.19 | 0.12 | 0.68 | 0.47 | 0.30 | 0.79 | — | — | — | — |
| P/B Ratio | — | — | — | — | — | — | — | — | — | — |
| P/FCF | — | — | 11.84 | 32.12 | 12.98 | 9.75 | — | — | — | — |
| P/OCF | — | — | 9.64 | 12.60 | 7.29 | 8.34 | — | — | — | — |
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 | — | 0.53 | 1.05 | 0.90 | 0.72 | 1.23 | — | — | — | — |
| EV / EBITDA | 6.62 | 5.87 | 20.36 | 11.47 | 5.10 | 12.74 | — | — | — | — |
| EV / EBIT | 28.11 | 24.91 | 20.34 | 18.14 | 9.08 | 34.75 | — | — | — | — |
| EV / FCF | — | — | 18.48 | 61.91 | 30.81 | 15.21 | — | — | — | — |
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 | 34.8% | 34.8% | 37.5% | 35.2% | 35.7% | 40.6% | 33.9% | 38.2% | 35.5% | 37.1% |
| Operating Margin | 2.1% | 2.1% | 5.2% | 5.0% | 7.9% | 3.5% | 5.8% | 7.4% | 11.4% | 2.6% |
| Net Profit Margin | -0.7% | -0.7% | 1.5% | 1.0% | 3.9% | -2.3% | 2.5% | 4.0% | 9.5% | 0.1% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROE | — | — | — | — | — | — | — | 270.8% | 65.6% | 0.6% |
| ROA | -1.6% | -1.6% | 3.4% | 2.3% | 9.1% | -4.9% | 3.8% | 8.8% | 26.9% | 0.3% |
| ROIC | 7.5% | 7.5% | 16.7% | 14.5% | 24.9% | 10.9% | 10.9% | 19.4% | 53.5% | 10.0% |
| ROCE | 11.4% | 11.4% | 24.3% | 22.6% | 37.5% | 13.6% | 13.6% | 24.2% | 52.8% | 10.2% |
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 | — | — | — | — | — | — | — | — | 0.12 | 0.20 |
| Debt / EBITDA | 4.80 | 4.80 | 8.16 | 5.65 | 3.02 | 4.81 | 3.82 | 3.94 | 0.12 | 0.64 |
| Net Debt / Equity | — | — | — | — | — | — | — | — | 0.05 | 0.15 |
| Net Debt / EBITDA | 4.58 | 4.58 | 7.31 | 5.52 | 2.95 | 4.57 | 2.89 | 3.75 | 0.05 | 0.47 |
| Debt / FCF | — | — | 6.64 | 29.79 | 17.83 | 5.46 | 2.72 | 7.65 | 0.08 | — |
| Interest Coverage | 0.67 | 0.67 | 1.61 | 1.46 | 3.39 | 1.54 | 2.66 | 4.67 | 98.50 | — |
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 | 0.78 | 0.78 | 0.86 | 0.77 | 0.81 | 0.74 | 0.93 | 0.88 | 1.04 | 1.30 |
| Quick Ratio | 0.23 | 0.23 | 0.30 | 0.16 | 0.13 | 0.17 | 0.52 | 0.24 | 0.23 | 0.25 |
| Cash Ratio | 0.08 | 0.08 | 0.18 | 0.05 | 0.05 | 0.10 | 0.47 | 0.15 | 0.07 | 0.06 |
| Asset Turnover | — | 2.50 | 2.26 | 2.42 | 2.44 | 2.21 | 1.50 | 1.63 | 2.87 | 2.46 |
| Inventory Turnover | 4.78 | 4.78 | 4.65 | 5.25 | 4.60 | 4.45 | 6.08 | 5.35 | 5.52 | 4.03 |
| Days Sales Outstanding | — | — | 0.93 | — | — | — | — | — | — | — |
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 | — | — | — | — | — | 29.7% | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | 2.1% | 2.1% | 12.9% | — | — | — | — | — |
| FCF Yield | — | — | 8.4% | 3.1% | 7.7% | 10.3% | — | — | — | — |
| Buyback Yield | 10.9% | 17.2% | 0.0% | 0.0% | 8.2% | 2.3% | — | — | — | — |
| Total Shareholder Yield | 10.9% | 17.2% | 0.0% | 0.0% | 8.2% | 32.0% | — | — | — | — |
| Shares Outstanding | — | $101M | $106M | $104M | $104M | $110M | $110M | $110M | $110M | $110M |
Liquidity and solvency pressure
As reported in recent financial filings, Torrid's EV/EBITDA multiple of 6.75x suggests that the market is pricing in significant long-term earnings risk, as investors remain wary of the company's ability to stabilize its top-line performance amidst a broader contraction in the specialty retail apparel sector.
The current valuation appears to reflect a deep discount compared to broader retail peers, which may be justified by the company's negative net income and thin liquidity. Investors should monitor whether this low multiple represents a value opportunity or a permanent impairment of the brand's long-term earnings power.
Based on historical data, Torrid's ROIC has fluctuated significantly, dropping from 7.1% in 2024Q1 to 3.3% in 2026Q1, which indicates that the company is struggling to generate meaningful returns on its invested capital as it navigates a period of sustained revenue decline and operational margin compression.
The volatility in ROIC suggests that the company's capital allocation strategy is currently failing to create value, likely due to the high fixed-cost burden of its physical store footprint. This trend warrants further investigation into whether management can optimize its asset base to improve returns in a lower-growth environment.
According to recent quarterly reports, Torrid's inventory days on hand have remained elevated, fluctuating between 71 and 83 days over the last ten quarters, which suggests that the company is facing persistent challenges in aligning its inventory levels with the current pace of consumer demand.
The inability to consistently reduce inventory turnover times implies that the company may be carrying stale merchandise, which risks future margin-eroding markdowns. This inefficiency in working capital management is a critical drag on cash flow and limits the company's ability to pivot toward more profitable product categories.
As indicated by the most recent financial statements, the current ratio of 0.79 and a quick ratio of 0.24 highlight a precarious liquidity position, leaving the company with minimal financial flexibility to absorb operational shocks or fund necessary strategic pivots in the current retail environment.
The reliance on inventory to meet short-term obligations is a significant risk factor, especially given the potential for fashion-related obsolescence in the plus-size apparel segment. Investors should monitor the company's ability to maintain access to credit facilities, as the current cash position provides little margin for error.
The P/S ratio of 0.20 is frequently misapplied to Torrid's business model, as it obscures the company's underlying profitability issues and high fixed-cost structure, which render revenue-based valuation metrics largely irrelevant in the context of the firm's current negative net margin and significant debt service obligations.
Analysts should instead focus on EV/EBITDA or free cash flow yield to better capture the company's true operational health and ability to service its debt. Relying on P/S ignores the reality that revenue growth is currently value-destructive due to the high cost of customer acquisition and store maintenance.
Includes 30+ ratios · 9 years · Updated daily
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Quick answers to the most common questions about buying CURV stock.
Torrid Holdings Inc.'s current P/E ratio is -26.8x. The historical average is 33.9x.
Torrid Holdings Inc.'s current EV/EBITDA is 6.6x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 11.1x.
Based on historical data, Torrid Holdings Inc. is trading at a P/E of -26.8x. Compare with industry peers and growth rates for a complete picture.
Torrid Holdings Inc. has 34.8% gross margin and 2.1% operating margin.
Torrid Holdings Inc.'s Debt/EBITDA ratio is 4.8x, indicating high leverage. A ratio above 4x may signal elevated financial risk.