Latest Ratios: P/E Ratio -32.0x · EV/EBITDA 26.4x · ROE -2.9%. (2002–2025 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 | $276M | $312M | $270M | $543M | $743M | $1.0B | $884M | $1.1B | $2.2B | $1.6B | $1.7B |
| Enterprise Value | $1.4B | $1.5B | $1.5B | $1.7B | $1.8B | $2.0B | $2.8B | $2.2B | $2.2B | $1.4B | $1.6B |
| P/E Ratio → | -32.00 | — | — | 18.63 | 4.56 | 6.58 | — | 11.21 | — | 23.85 | 14.01 |
| P/S Ratio | 0.10 | 0.11 | 0.09 | 0.18 | 0.22 | 0.32 | 0.40 | 0.30 | 0.68 | 0.58 | 0.64 |
| P/B Ratio | 0.93 | 1.08 | 0.96 | 1.50 | 1.72 | 2.47 | 3.64 | 1.47 | 2.62 | 1.70 | 1.85 |
| P/FCF | 2.45 | 2.77 | 3.09 | 5.06 | 5.08 | 7.35 | — | 8.94 | 19.83 | 12.00 | 13.87 |
| P/OCF | 2.51 | 2.84 | 3.28 | 3.34 | 3.69 | 5.94 | — | 5.40 | 12.44 | 8.46 | 8.16 |
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 | — | 0.51 | 0.50 | 0.56 | 0.54 | 0.62 | 1.24 | 0.63 | 0.70 | 0.51 | 0.60 |
| EV / EBITDA | 26.42 | 27.07 | 15.30 | 12.51 | 9.33 | 9.50 | — | 16.57 | 16.24 | 7.00 | 5.77 |
| EV / EBIT | 26.42 | 27.07 | 42.32 | 23.96 | 10.25 | 9.58 | — | 17.30 | 170.96 | 11.39 | 8.02 |
| EV / FCF | — | 13.03 | 17.32 | 16.14 | 12.20 | 14.21 | — | 18.50 | 20.38 | 10.69 | 12.98 |
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 | 43.6% | 43.6% | 42.7% | 31.7% | 32.6% | 33.4% | 13.9% | 28.6% | 29.7% | 28.2% | 28.5% |
| Operating Margin | 1.9% | 1.9% | 1.2% | 2.4% | 3.3% | 4.0% | -19.8% | 1.3% | 1.9% | 4.5% | 7.4% |
| Net Profit Margin | -0.3% | -0.3% | -0.4% | 0.9% | 4.9% | 4.8% | -21.9% | 2.7% | -0.6% | 2.4% | 4.6% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -2.9% | -2.9% | -3.3% | 7.3% | 38.5% | 47.1% | -101.4% | 12.2% | -2.3% | 7.1% | 13.5% |
| ROA | -0.4% | -0.4% | -0.5% | 1.4% | 8.1% | 7.7% | -22.0% | 4.6% | -1.3% | 4.7% | 8.9% |
| ROIC | 2.7% | 2.7% | 1.7% | 3.6% | 5.8% | 5.6% | -16.7% | 2.5% | 5.3% | 11.7% | 17.7% |
| ROCE | 3.9% | 3.9% | 2.4% | 5.1% | 8.4% | 10.4% | -29.4% | 3.1% | 5.3% | 11.4% | 18.6% |
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 | 4.19 | 4.19 | 4.56 | 3.42 | 2.55 | 2.48 | 7.96 | 1.70 | 0.19 | — | — |
| Debt / EBITDA | 22.26 | 22.26 | 13.02 | 8.95 | 5.76 | 4.94 | — | 9.22 | 1.16 | — | — |
| Net Debt / Equity | — | 4.02 | 4.41 | 3.28 | 2.41 | 2.30 | 7.72 | 1.58 | 0.07 | -0.19 | -0.12 |
| Net Debt / EBITDA | 21.32 | 21.32 | 12.57 | 8.59 | 5.45 | 4.58 | — | 8.57 | 0.44 | -0.85 | -0.39 |
| Debt / FCF | — | 10.27 | 14.22 | 11.09 | 7.13 | 6.85 | — | 9.56 | 0.55 | -1.31 | -0.88 |
| Interest Coverage | 1.20 | 1.20 | 0.77 | 2.25 | 11.55 | 6.39 | -24.34 | 14.26 | 5.39 | 259.12 | 852.46 |
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 | 1.20 | 1.20 | 1.24 | 1.25 | 1.24 | 1.20 | 1.04 | 1.32 | 2.06 | 2.66 | 2.40 |
| Quick Ratio | 0.25 | 0.25 | 0.23 | 0.33 | 0.29 | 0.43 | 0.41 | 0.39 | 0.67 | 1.11 | 0.82 |
| Cash Ratio | 0.09 | 0.09 | 0.08 | 0.08 | 0.09 | 0.10 | 0.08 | 0.16 | 0.37 | 0.93 | 0.66 |
| Asset Turnover | — | 1.49 | 1.50 | 1.48 | 1.65 | 1.59 | 1.13 | 1.42 | 1.96 | 1.98 | 1.90 |
| Inventory Turnover | 2.90 | 2.90 | 2.87 | 3.68 | 3.69 | 3.63 | 4.06 | 3.94 | 3.47 | 4.01 | 3.88 |
| Days Sales Outstanding | — | 7.50 | 6.11 | 9.92 | 8.56 | 22.82 | 32.02 | 9.32 | 7.90 | 2.51 | 2.56 |
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 | 3.6% | 3.1% | 3.9% | 2.2% | 1.8% | 1.3% | 0.8% | 6.8% | 3.7% | 3.9% | 3.7% |
| Payout Ratio | — | — | — | 41.8% | 8.3% | 8.7% | — | 76.8% | — | 94.8% | 52.3% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | 5.4% | 21.9% | 15.2% | — | 8.9% | — | 4.2% | 7.1% |
| FCF Yield | 40.8% | 36.2% | 32.3% | 19.8% | 19.7% | 13.6% | — | 11.2% | 5.0% | 8.3% | 7.2% |
| Buyback Yield | 0.0% | 0.0% | 25.4% | 18.8% | 19.8% | 14.5% | 0.2% | 13.3% | 2.2% | 0.6% | 2.9% |
| Total Shareholder Yield | 3.6% | 3.1% | 29.3% | 21.1% | 21.7% | 15.8% | 1.0% | 20.2% | 5.8% | 4.5% | 6.6% |
| Shares Outstanding | — | $49M | $54M | $63M | $72M | $77M | $72M | $75M | $80M | $81M | $82M |
Fixed cost deleveraging risk
According to recent market data, DBI trades at a P/S of 0.11 and a negative TTM P/E, suggesting that investors are heavily discounting the company's future earnings potential relative to its historical valuation and the broader retail sector's performance metrics.
The current valuation appears to reflect deep skepticism regarding the company's ability to pivot its business model toward higher-margin owned brands. Given the lack of a positive forward P/E, the market seems to be pricing in a high probability of continued earnings volatility rather than a recovery in profitability.
Based on reported financial statements, DBI's operating margin has compressed to 1.87%, a level that leaves the company with minimal buffer to absorb fluctuations in input costs or seasonal demand shifts compared to more efficient peers like Shoe Carnival.
The narrow operating margin indicates that the company's high fixed-cost base is not scaling effectively with revenue. This suggests that the current retail-heavy model may be structurally incapable of generating consistent bottom-line returns without a significant increase in the penetration of higher-margin proprietary brands.
As reported in recent filings, DBI's ROIC has struggled to maintain positive territory, with a recent reading of 1.0% in 2026Q1, indicating that the company is currently failing to generate returns that exceed its cost of capital.
The persistent decay in return on capital suggests that the company's investments in store infrastructure and brand acquisitions have not yet yielded the expected competitive advantages. Investors should monitor whether management can improve asset utilization, as current trends imply a destruction of shareholder value over the long term.
According to quarterly data, DBI's cash conversion cycle has trended toward 90 days, a significant increase from historical lows, which suggests that inventory management and supplier leverage are becoming increasingly difficult to maintain in the current retail environment.
The lengthening of the cash conversion cycle, driven by high days inventory outstanding, implies that the company is struggling to move product through its retail channels efficiently. This inefficiency ties up critical liquidity and increases the risk of future markdowns, further pressuring already thin margins.
Based on the latest quarterly figures, DBI maintains a debt-to-equity ratio of 4.31, which, when viewed alongside the company's thin operating margins, suggests that the current debt load may be disproportionate to the firm's capacity to generate consistent cash flows for debt service.
The high leverage ratio warrants further investigation into the company's ability to refinance existing obligations in a higher-rate environment. The lack of a comfortable interest coverage ratio indicates that the company's financial position is vulnerable to even minor operational setbacks.
The P/E ratio is frequently misapplied to DBI, as it obscures the company's significant reliance on non-cash charges and lease-related accounting, which often distort net income and make the metric an unreliable indicator of the firm's true underlying earning power.
Analysts should instead focus on EV/EBITDA or free cash flow yield to better understand the company's operational performance, as these metrics better account for the capital-intensive nature of the store fleet and the impact of lease obligations on the company's cash-generating capacity.
Includes 30+ ratios · 24 years · Updated daily
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Quick answers to the most common questions about buying DBI stock.
Designer Brands Inc.'s current P/E ratio is -32.0x. The historical average is 16.9x.
Designer Brands Inc.'s current EV/EBITDA is 26.4x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 10.7x.
Designer Brands Inc.'s return on equity (ROE) is -2.9%. The historical average is 9.4%.
Based on historical data, Designer Brands Inc. is trading at a P/E of -32.0x. Compare with industry peers and growth rates for a complete picture.
Designer Brands Inc.'s current dividend yield is 3.61%.
Designer Brands Inc. has 43.6% gross margin and 1.9% operating margin.
Designer Brands Inc.'s Debt/EBITDA ratio is 22.3x, indicating high leverage. A ratio above 4x may signal elevated financial risk.