Latest Ratios: P/E Ratio 20.2x · EV/EBITDA 6.4x · ROE 4.5%. (2012–2025 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 | $1.3B | $1.4B | $1.3B | $1.2B | $916M | $962M | — | — | — | — | — |
| Enterprise Value | $2.3B | $2.4B | $2.3B | $2.3B | $2.2B | $2.4B | — | — | — | — | — |
| P/E Ratio → | 20.22 | 21.72 | 10.34 | 8.03 | 10.60 | — | — | — | — | — | — |
| P/S Ratio | 0.14 | 0.16 | 0.15 | 0.14 | 0.11 | 0.16 | — | — | — | — | — |
| P/B Ratio | 0.89 | 0.96 | 0.90 | 0.82 | 0.69 | 0.77 | — | — | — | — | — |
| P/FCF | — | — | 6.37 | 5.91 | 6.50 | — | — | — | — | — | — |
| P/OCF | 13.93 | 15.09 | 4.53 | 4.24 | 4.04 | 58.71 | — | — | — | — | — |
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 | — | 0.26 | 0.27 | 0.28 | 0.28 | 0.41 | — | — | — | — | — |
| EV / EBITDA | 6.38 | 6.68 | 5.97 | 6.18 | 7.81 | 43.13 | — | — | — | — | — |
| EV / EBIT | 9.26 | 9.71 | 9.28 | 8.10 | 11.57 | 690.57 | — | — | — | — | — |
| EV / FCF | — | — | 11.16 | 11.74 | 15.79 | — | — | — | — | — | — |
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 | 8.1% | 8.1% | 8.5% | 8.4% | 7.5% | 5.8% | 7.7% | 7.3% | 7.4% | 13.4% | 13.9% |
| Operating Margin | 2.7% | 2.7% | 3.3% | 3.3% | 2.2% | -0.1% | 1.5% | 1.1% | 2.0% | 2.1% | 1.8% |
| Net Profit Margin | 0.7% | 0.7% | 1.5% | 1.5% | 1.1% | -0.1% | 1.2% | 1.3% | 0.8% | 1.3% | 0.9% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 4.5% | 4.5% | 8.8% | 9.1% | 6.7% | -0.7% | 7.9% | 8.9% | 7.3% | 15.9% | 9.2% |
| ROA | 1.5% | 1.5% | 2.8% | 2.7% | 1.9% | -0.2% | 2.9% | 3.2% | 2.4% | 4.7% | 2.9% |
| ROIC | 7.6% | 7.6% | 8.4% | 7.8% | 4.9% | -0.3% | 4.9% | 3.8% | 9.3% | 15.5% | 12.1% |
| ROCE | 8.3% | 8.3% | 9.8% | 9.1% | 5.5% | -0.4% | 5.9% | 4.5% | 9.7% | 14.1% | 10.3% |
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 | 0.83 | 0.83 | 0.91 | 1.01 | 1.17 | 1.40 | 0.71 | 0.79 | 0.62 | 0.63 | 0.60 |
| Debt / EBITDA | 3.44 | 3.44 | 3.43 | 3.80 | 5.40 | 30.61 | 4.75 | 6.25 | 2.10 | 2.04 | 2.19 |
| Net Debt / Equity | — | 0.65 | 0.68 | 0.81 | 0.99 | 1.19 | 0.48 | 0.59 | 0.43 | 0.33 | 0.17 |
| Net Debt / EBITDA | 2.70 | 2.70 | 2.56 | 3.07 | 4.59 | 26.19 | 3.20 | 4.67 | 1.43 | 1.08 | 0.63 |
| Debt / FCF | — | — | 4.79 | 5.84 | 9.29 | — | 2.72 | 7.93 | 8.39 | 15.93 | 2.58 |
| Interest Coverage | 2.97 | 2.97 | 3.38 | 3.54 | 3.41 | 0.13 | 6.62 | 4.55 | 5.20 | — | — |
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 | 1.17 | 1.17 | 1.18 | 1.12 | 1.10 | 1.20 | 1.06 | 1.02 | 1.08 | 1.08 | 1.13 |
| Quick Ratio | 0.83 | 0.83 | 0.91 | 0.90 | 0.83 | 0.90 | 0.85 | 0.85 | 0.92 | 0.91 | 1.00 |
| Cash Ratio | 0.18 | 0.18 | 0.21 | 0.16 | 0.16 | 0.19 | 0.23 | 0.20 | 0.19 | 0.19 | 0.29 |
| Asset Turnover | — | 1.99 | 1.91 | 1.81 | 1.75 | 1.27 | 2.30 | 2.37 | 2.66 | 3.19 | 3.10 |
| Inventory Turnover | 16.55 | 16.55 | 18.04 | 19.95 | 18.84 | 13.63 | 28.42 | 35.13 | 39.32 | 35.49 | 43.67 |
| Days Sales Outstanding | — | 32.02 | 30.31 | 33.87 | 38.67 | 56.34 | 34.37 | 36.55 | 32.07 | 31.10 | 31.97 |
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 | 2.4% | 2.2% | 2.4% | 2.6% | 3.3% | 1.8% | — | — | — | — | — |
| Payout Ratio | 47.8% | 47.8% | 24.3% | 24.5% | 35.1% | — | 22.6% | 27.1% | 40.9% | 21.0% | 31.8% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 4.9% | 4.6% | 9.7% | 12.4% | 9.4% | — | — | — | — | — | — |
| FCF Yield | — | — | 15.7% | 16.9% | 15.4% | — | — | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — | — | — | — | — |
| Total Shareholder Yield | 2.4% | 2.2% | 2.4% | 2.6% | 3.3% | 1.8% | — | — | — | — | — |
| Shares Outstanding | — | $96M | $95M | $95M | $95M | $72M | $93M | $93M | $389M | $326M | $324M |
Logistics and fuel volatility
According to recent market data, Dole's forward P/E of 10.29x sits significantly below its trailing P/E of 20.36x, suggesting that investors are pricing in a recovery in earnings power that remains contingent on the successful realization of post-merger operational synergies and improved margin stability.
The wide gap between trailing and forward multiples indicates that the market is currently discounting the impact of recent restructuring charges on historical earnings. While the EV/EBITDA of 6.40x appears modest compared to broader consumer defensive peers, it warrants caution as it may reflect a permanent risk premium associated with the company's high-leverage history and sensitivity to commodity price fluctuations.
As reported in financial statements, Dole's ROIC has struggled to gain momentum, fluctuating between 0.7% and 3.3% over the last ten quarters, which suggests that the company is currently failing to generate returns that meaningfully exceed its cost of capital in this capital-intensive agricultural environment.
The persistent inability to drive ROIC above low single digits implies that the massive investment in cold-chain infrastructure is not yet yielding the expected competitive returns. Investors should monitor whether management can improve asset utilization, as current returns appear to be suppressed by the heavy depreciation burden inherent in their proprietary logistics fleet.
Based on Dole's reported figures, the cash conversion cycle has remained relatively stable, averaging approximately 23 days over the last ten quarters, which indicates that the company maintains a disciplined approach to managing its inventory and receivables despite the inherent volatility of the global perishables supply chain.
The consistency in the cash conversion cycle suggests that the company possesses sufficient leverage over its suppliers and customers to maintain operational flow. However, the reliance on short-term working capital cycles to fund operations may leave the firm vulnerable to sudden disruptions in port logistics or unexpected spikes in inventory spoilage.
As indicated by recent quarterly filings, Dole's debt-to-EBITDA ratio has been highly volatile, reaching as high as 25.08x in 2025Q3, which highlights a precarious reliance on debt that leaves the company with limited room for error in a high-interest rate environment.
The erratic nature of the interest coverage ratio, which dipped as low as 1.26x, suggests that the company's ability to service its debt is highly sensitive to quarterly operational performance. This leverage profile warrants further investigation into the maturity schedule of existing debt, as refinancing risks could become material if operating margins fail to expand.
Based on an analysis of the business model, the P/E ratio is the most commonly misapplied metric for Dole, as it fails to account for the significant non-cash charges and restructuring costs that frequently distort net income in this capital-intensive, merger-heavy agricultural firm.
Investors should instead prioritize EV/EBITDA or free cash flow yield to better assess the underlying earning power of the logistics infrastructure. Relying on P/E risks misinterpreting the company's true operational health, as it obscures the cash-generative potential of the cold-chain assets behind accounting-driven earnings volatility.
Includes 30+ ratios · 14 years · Updated daily
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Quick answers to the most common questions about buying DOLE stock.
Dole plc's current P/E ratio is 20.2x. The historical average is 12.7x. This places it at the 75th percentile of its historical range.
Dole plc's current EV/EBITDA is 6.4x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 14.0x.
Dole plc's return on equity (ROE) is 4.5%. The historical average is 8.3%.
Based on historical data, Dole plc is trading at a P/E of 20.2x. This is at the 75th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Dole plc's current dividend yield is 2.36% with a payout ratio of 47.8%.
Dole plc has 8.1% gross margin and 2.7% operating margin.
Dole plc's Debt/EBITDA ratio is 3.4x, indicating high leverage. A ratio between 2-4x is manageable but warrants monitoring.