Latest Ratios: P/E Ratio -31.1x · EV/EBITDA 6.3x · ROE -40.2%. (2012–2024 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $2.3B | $3.5B | $5.0B | $6.8B | $7.1B | $5.8B | $4.8B | $2.9B | $4.3B | $2.3B | $1.2B |
| Enterprise Value | $4.5B | $6.5B | $7.4B | $9.6B | $9.0B | $7.2B | $6.6B | $4.0B | $5.1B | $2.9B | $2.1B |
| P/E Ratio → | -31.06 | — | 6.66 | 7.83 | 8.93 | 16.08 | 12.90 | 12.62 | 15.74 | 8.89 | 23.32 |
| P/S Ratio | 0.42 | 0.45 | 0.48 | 0.67 | 0.93 | 0.98 | 0.79 | 0.55 | 0.96 | 0.55 | 0.31 |
| P/B Ratio | 26.77 | 14.31 | 6.09 | 12.52 | — | — | — | — | — | 13.80 | — |
| P/FCF | 10.37 | 11.26 | 4.62 | — | 98.02 | 8.66 | 21.31 | 10.91 | 13.06 | 7.16 | 8.06 |
| P/OCF | 4.40 | 4.77 | 2.99 | 10.41 | 9.20 | 6.12 | 8.62 | 5.11 | 7.70 | 4.52 | 3.35 |
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 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.83 | 0.72 | 0.95 | 1.18 | 1.20 | 1.10 | 0.76 | 1.13 | 0.70 | 0.55 |
| EV / EBITDA | 6.33 | 6.62 | 4.41 | 5.71 | 6.17 | 9.86 | 7.91 | 6.13 | 9.25 | 6.60 | 5.41 |
| EV / EBIT | 11.24 | 18.92 | 6.53 | 7.48 | 7.91 | 12.19 | 11.24 | 10.12 | 11.86 | 7.51 | 13.03 |
| EV / FCF | — | 20.66 | 6.91 | — | 124.60 | 10.62 | 29.51 | 15.16 | 15.38 | 9.12 | 14.16 |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 22.7% | 22.7% | 25.1% | 24.9% | 27.9% | 24.7% | 24.0% | 23.9% | 23.8% | 24.2% | 23.9% |
| Operating Margin | 7.0% | 7.0% | 12.4% | 13.6% | 15.5% | 7.8% | 10.0% | 9.0% | 8.9% | 7.3% | 6.9% |
| Net Profit Margin | -2.7% | -2.7% | 7.2% | 8.6% | 10.4% | 6.1% | 6.1% | 4.3% | 6.1% | 6.2% | 1.3% |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -40.2% | -40.2% | 109.8% | 424.2% | — | — | — | — | 507.3% | 339.8% | — |
| ROA | -3.3% | -3.3% | 11.2% | 15.0% | 16.0% | 8.4% | 10.9% | 8.1% | 10.8% | 10.4% | 2.2% |
| ROIC | 12.8% | 12.8% | 29.1% | 39.9% | 67.5% | 33.1% | 44.2% | 47.3% | 40.1% | 27.2% | 23.8% |
| ROCE | 13.6% | 13.6% | 31.2% | 42.8% | 46.5% | 20.3% | 36.8% | 35.1% | 29.6% | 20.9% | 18.1% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 12.68 | 12.68 | 3.63 | 5.58 | — | — | — | — | — | 5.58 | — |
| Debt / EBITDA | 3.20 | 3.20 | 1.76 | 1.80 | 1.50 | 3.65 | 2.25 | 1.87 | 1.80 | 2.10 | 2.93 |
| Net Debt / Equity | — | 11.95 | 3.02 | 5.21 | — | — | — | — | — | 3.78 | — |
| Net Debt / EBITDA | 3.01 | 3.01 | 1.46 | 1.68 | 1.32 | 1.82 | 2.20 | 1.72 | 1.39 | 1.42 | 2.33 |
| Debt / FCF | — | 9.40 | 2.29 | — | 26.58 | 1.96 | 8.20 | 4.25 | 2.31 | 1.96 | 6.10 |
| Interest Coverage | 2.59 | 2.59 | 6.27 | 11.21 | 11.67 | 6.56 | 9.45 | 6.12 | 7.48 | 6.43 | 2.62 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.31 | 1.31 | 1.41 | 1.36 | 1.02 | 1.31 | 0.89 | 0.89 | 1.07 | 1.25 | 1.39 |
| Quick Ratio | 0.60 | 0.60 | 0.55 | 0.44 | 0.37 | 0.81 | 0.27 | 0.32 | 0.48 | 0.63 | 0.65 |
| Cash Ratio | 0.11 | 0.11 | 0.24 | 0.13 | 0.13 | 0.64 | 0.03 | 0.07 | 0.19 | 0.27 | 0.26 |
| Asset Turnover | — | 1.24 | 1.53 | 1.55 | 1.52 | 1.22 | 1.61 | 1.70 | 1.75 | 1.66 | 1.57 |
| Inventory Turnover | 3.50 | 3.50 | 3.60 | 3.29 | 3.26 | 4.12 | 3.94 | 4.22 | 4.54 | 4.58 | 4.25 |
| Days Sales Outstanding | — | 35.35 | 25.25 | 25.42 | 23.73 | 15.64 | 20.11 | 23.25 | 23.31 | 24.88 | 26.88 |
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 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 0.9% | 1.8% | 1.1% | 0.8% | 0.6% | 0.2% | 0.8% | 1.2% | 0.6% | — | — |
| Payout Ratio | — | — | 7.5% | 5.9% | 5.4% | 2.6% | 10.0% | 15.6% | 9.2% | — | — |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | 15.0% | 12.8% | 11.2% | 6.2% | 7.8% | 7.9% | 6.4% | 11.2% | 4.3% |
| FCF Yield | 9.6% | 8.9% | 21.6% | — | 1.0% | 11.5% | 4.7% | 9.2% | 7.7% | 14.0% | 12.4% |
| Buyback Yield | 6.6% | 6.1% | 9.0% | 4.5% | 9.6% | 2.9% | 9.3% | 8.7% | 10.5% | 3.2% | 7.9% |
| Total Shareholder Yield | 7.5% | 7.8% | 10.1% | 5.3% | 10.2% | 3.1% | 10.1% | 9.9% | 11.1% | 3.2% | 7.9% |
| Shares Outstanding | — | $74M | $79M | $81M | $85M | $89M | $94M | $100M | $108M | $113M | $117M |
Cyclical leverage and inventory
As reported in recent financial statements, BRP's forward P/E of 13.45 and EV/EBITDA of 3.76 suggest the market is pricing the company for a prolonged cyclical trough, significantly discounting its historical valuation multiples relative to the broader recreational vehicle sector and its own historical performance averages.
The current valuation appears to reflect deep skepticism regarding the durability of the company's earnings power in a high-interest-rate environment. Investors should monitor whether these depressed multiples represent a value opportunity or a structural re-rating of the business as a highly levered, cyclical manufacturer.
Based on the provided quarterly data, ROIC has compressed from a peak of 8.4% in 2023Q2 to 4.8% in 2025Q3, indicating that the company is struggling to generate adequate returns on its invested capital as margins contract and asset turnover remains suppressed by inventory build-ups.
The decline in ROIC suggests that the company's vertical integration strategy is currently failing to offset the negative impact of lower volumes and increased promotional spending. This trend warrants further investigation into whether the firm's capital-intensive manufacturing base can sustain profitability if demand remains at current levels.
According to recent financial filings, the cash conversion cycle has fluctuated significantly, reaching 55 days in 2025Q3, while days-inventory-outstanding remains elevated at 101 days, suggesting that the company is facing persistent challenges in managing its dealer inventory levels and optimizing its overall working capital efficiency.
The inability to rapidly clear inventory suggests that wholesale shipments may be outpacing retail demand, forcing the company to carry higher carrying costs. This inefficiency appears to be a structural drag on cash flow, as the firm is forced to provide ongoing floorplan support to its dealer network.
As reported in financial statements, the debt-to-equity ratio reached a peak of 12.68 in 2024Q4, which, when compared to historical levels, indicates that the company's balance sheet has become increasingly vulnerable to interest rate volatility and potential covenant constraints during this period of operational contraction.
The elevated leverage profile suggests that the company has limited financial headroom to navigate a sustained downturn without risking its credit profile. Investors should monitor interest coverage ratios, which have shown significant volatility, as they may indicate a tightening ability to service debt obligations under current market conditions.
Based on an analysis of the company's business model, the trailing P/E ratio is the most commonly misapplied metric, as it obscures the extreme volatility of earnings during cyclical troughs and fails to account for the significant non-cash charges and inventory write-downs inherent in this industry.
Analysts should instead prioritize EV/EBITDA or P/FCF to better capture the company's operational cash generation and debt-adjusted valuation. Relying on P/E in a cyclical downturn often leads to misleading conclusions, as the denominator is frequently distorted by temporary margin compression and restructuring costs.
Includes 30+ ratios · 13 years · Updated daily
DCF models, multiple analysis, and analyst estimates.
10-year return with dividends reinvested.
See how regular investing compounds over time.
Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying DOOO stock.
BRP Inc.'s current P/E ratio is -31.1x. The historical average is 17.7x.
BRP Inc.'s current EV/EBITDA is 6.3x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 7.1x.
BRP Inc.'s return on equity (ROE) is -40.2%. The historical average is 208.4%.
Based on historical data, BRP Inc. is trading at a P/E of -31.1x. Compare with industry peers and growth rates for a complete picture.
BRP Inc.'s current dividend yield is 0.94%.
BRP Inc. has 22.7% gross margin and 7.0% operating margin.
BRP Inc.'s Debt/EBITDA ratio is 3.2x, indicating high leverage. A ratio between 2-4x is manageable but warrants monitoring.