Latest Ratios: P/E Ratio 10.6x · EV/EBITDA 7.6x · ROE 10.7%. (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 | $541M | $714M | $715M | $724M | $516M | $700M | $308M | $563M | $677M | $903M | $936M |
| Enterprise Value | $589M | $762M | $775M | $792M | $522M | $721M | $416M | $544M | $656M | $860M | $925M |
| P/E Ratio → | 10.57 | 13.86 | 11.20 | 6.85 | 4.99 | 11.65 | 34.79 | 21.94 | 18.56 | 25.04 | 16.52 |
| P/S Ratio | 0.88 | 1.16 | 1.11 | 0.91 | 0.63 | 1.02 | 0.52 | 0.75 | 0.88 | 1.18 | 1.18 |
| P/B Ratio | 1.13 | 1.48 | 1.48 | 1.54 | 1.27 | 1.99 | 0.94 | 1.55 | 1.76 | 2.25 | 2.39 |
| P/FCF | 10.72 | 14.16 | 10.13 | 8.34 | 9.22 | 5.94 | 8.34 | 12.21 | 28.53 | 14.81 | 26.43 |
| P/OCF | 8.76 | 11.57 | 8.92 | 7.19 | 7.44 | 5.39 | 5.85 | 10.20 | 15.93 | 11.48 | 16.03 |
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 | — | 1.24 | 1.20 | 1.00 | 0.64 | 1.05 | 0.71 | 0.73 | 0.86 | 1.13 | 1.16 |
| EV / EBITDA | 7.60 | 9.83 | 8.25 | 5.18 | 3.39 | 7.70 | 13.21 | 10.15 | 9.55 | 11.01 | 8.52 |
| EV / EBIT | 9.50 | 11.00 | 9.94 | 5.61 | 3.78 | 9.05 | 35.80 | 16.01 | 13.28 | 14.83 | 10.33 |
| EV / FCF | — | 15.11 | 10.98 | 9.13 | 9.33 | 6.12 | 11.25 | 11.79 | 27.66 | 14.10 | 26.13 |
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 | 60.5% | 60.5% | 60.8% | 60.7% | 59.3% | 57.4% | 54.8% | 54.8% | 54.2% | 55.0% | 55.7% |
| Operating Margin | 10.1% | 10.1% | 12.1% | 17.3% | 16.9% | 11.3% | 2.5% | 4.5% | 6.4% | 7.6% | 11.2% |
| Net Profit Margin | 8.4% | 8.4% | 9.9% | 13.4% | 12.6% | 8.8% | 1.5% | 3.4% | 4.7% | 4.7% | 7.1% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 10.7% | 10.7% | 13.4% | 24.1% | 27.2% | 17.7% | 2.6% | 6.9% | 9.3% | 9.1% | 14.9% |
| ROA | 7.0% | 7.0% | 8.6% | 14.4% | 14.7% | 9.2% | 1.6% | 4.9% | 6.6% | 6.3% | 9.6% |
| ROIC | 8.7% | 8.7% | 10.8% | 21.6% | 26.4% | 14.3% | 2.8% | 7.2% | 10.2% | 11.8% | 17.8% |
| ROCE | 10.5% | 10.5% | 13.3% | 25.3% | 28.7% | 16.4% | 3.4% | 8.5% | 11.5% | 12.9% | 19.4% |
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 | 0.26 | 0.26 | 0.27 | 0.28 | 0.29 | 0.36 | 0.55 | 0.00 | 0.00 | 0.04 | 0.11 |
| Debt / EBITDA | 1.60 | 1.60 | 1.38 | 0.85 | 0.75 | 1.35 | 5.72 | 0.02 | 0.02 | 0.18 | 0.39 |
| Net Debt / Equity | — | 0.10 | 0.12 | 0.14 | 0.02 | 0.06 | 0.33 | -0.05 | -0.05 | -0.11 | -0.03 |
| Net Debt / EBITDA | 0.62 | 0.62 | 0.63 | 0.45 | 0.04 | 0.23 | 3.42 | -0.37 | -0.30 | -0.56 | -0.10 |
| Debt / FCF | — | 0.96 | 0.84 | 0.79 | 0.11 | 0.18 | 2.91 | -0.43 | -0.87 | -0.71 | -0.31 |
| Interest Coverage | 285.03 | 285.03 | 318.02 | 663.09 | 688.17 | 91.19 | 25.55 | 79.88 | 151.98 | 47.38 | 55.36 |
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 | 2.03 | 2.03 | 2.16 | 2.20 | 1.61 | 1.32 | 1.65 | 1.76 | 1.77 | 1.92 | 2.01 |
| Quick Ratio | 1.11 | 1.11 | 1.24 | 1.29 | 0.79 | 0.68 | 0.75 | 0.44 | 0.42 | 0.74 | 0.70 |
| Cash Ratio | 0.89 | 0.89 | 1.05 | 1.06 | 0.56 | 0.47 | 0.52 | 0.17 | 0.18 | 0.46 | 0.43 |
| Asset Turnover | — | 0.83 | 0.87 | 1.06 | 1.14 | 1.00 | 0.95 | 1.46 | 1.45 | 1.34 | 1.38 |
| Inventory Turnover | 1.72 | 1.72 | 1.78 | 2.08 | 1.89 | 2.03 | 2.12 | 2.08 | 2.15 | 2.30 | 2.17 |
| Days Sales Outstanding | — | 3.60 | 3.82 | 5.34 | 7.60 | 4.81 | 5.01 | 6.96 | 5.89 | 5.88 | 4.35 |
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 | 9.2% | 7.0% | 7.0% | 6.4% | 9.4% | 6.2% | 7.0% | 8.3% | 4.4% | 2.2% | 1.8% |
| Payout Ratio | 97.1% | 97.1% | 78.8% | 43.8% | 46.7% | 72.1% | 241.2% | 182.9% | 81.1% | 55.3% | 29.4% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 9.5% | 7.2% | 8.9% | 14.6% | 20.0% | 8.6% | 2.9% | 4.6% | 5.4% | 4.0% | 6.1% |
| FCF Yield | 9.3% | 7.1% | 9.9% | 12.0% | 10.9% | 16.8% | 12.0% | 8.2% | 3.5% | 6.8% | 3.8% |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.2% | 0.0% | 7.9% | 0.0% | 3.4% | 1.1% | 2.1% |
| Total Shareholder Yield | 9.2% | 7.0% | 7.0% | 6.4% | 9.5% | 6.2% | 14.8% | 8.3% | 7.8% | 3.4% | 3.8% |
| Shares Outstanding | — | $26M | $26M | $26M | $26M | $25M | $26M | $27M | $28M | $28M | $28M |
Cyclical Housing Market Sensitivity
According to recent market data, Ethan Allen trades at a TTM P/E of 11.21, which suggests that investors are pricing the company as a value-oriented manufacturer rather than a premium lifestyle brand, likely reflecting skepticism regarding the sustainability of earnings in a high-interest-rate environment.
The forward P/E of 15.70 implies that the market anticipates a contraction in near-term earnings, likely due to the ongoing housing market slowdown. While the PEG ratio of 0.26 appears attractive, it may be misleading if the company's growth trajectory remains negative, suggesting that the current valuation multiple is more a reflection of defensive positioning than growth potential.
Based on quarterly financial reports, Ethan Allen's ROIC has trended downward to 0.8% in 2026Q3, a significant decline from the 3.1% levels observed in 2024Q4, indicating that the company's vertically integrated model is struggling to generate adequate returns on its substantial manufacturing and retail asset base.
The compression in ROIC appears to be driven by the inability to maintain operating margins as revenue volumes decline, forcing the company to spread fixed costs over a smaller base. Investors should monitor whether this decay is structural or merely a cyclical trough, as the current return profile is significantly below the company's historical performance.
As reported in recent filings, the company's cash conversion cycle has expanded to 200 days in 2026Q3, reflecting a challenging environment where inventory turnover is slowing significantly compared to the 165-day cycle observed in 2024Q4, which warrants further investigation into potential inventory obsolescence risks.
The increase in the cash conversion cycle suggests that the company is holding onto finished goods for longer periods, likely due to the softening demand for high-ticket furniture projects. This inefficiency ties up capital that could otherwise be deployed for dividends or internal reinvestment, potentially impacting future free cash flow generation.
Based on reported figures, Ethan Allen maintains a minimal debt-to-equity ratio of 0.25 as of 2026Q3, which provides a significant margin of safety and financial flexibility that distinguishes the company from more highly leveraged peers in the consumer cyclical sector during this period of economic volatility.
The company's interest coverage ratio, while fluctuating, remains at a comfortable level of 117.38, suggesting that debt service is not a primary concern for management. This conservative capital structure appears to be a deliberate strategy to navigate cyclical downturns without the risk of covenant breaches or liquidity crises.
Investors frequently misapply the P/S ratio to Ethan Allen, failing to account for the company's unique vertical integration, which obscures the fact that its revenue includes both manufacturing and retail margins, unlike asset-light retailers that only capture the final point-of-sale markup.
Using a standard retail P/S multiple ignores the structural quality of the company's earnings, which are supported by proprietary manufacturing capabilities. A more appropriate metric would be an adjusted EV/EBITDA that accounts for the company's significant cash position and the underlying value of its owned manufacturing facilities.
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying ETD stock.
Ethan Allen Interiors Inc.'s current P/E ratio is 10.6x. The historical average is 18.9x. This places it at the 7th percentile of its historical range.
Ethan Allen Interiors Inc.'s current EV/EBITDA is 7.6x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 9.6x.
Ethan Allen Interiors Inc.'s return on equity (ROE) is 10.7%. The historical average is 13.5%.
Based on historical data, Ethan Allen Interiors Inc. is trading at a P/E of 10.6x. This is at the 7th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Ethan Allen Interiors Inc.'s current dividend yield is 9.19% with a payout ratio of 97.1%.
Ethan Allen Interiors Inc. has 60.5% gross margin and 10.1% operating margin. Operating margin between 10-20% is typical for established companies.
Ethan Allen Interiors Inc.'s Debt/EBITDA ratio is 1.6x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.