Latest Ratios: P/E Ratio -2.9x · EV/EBITDA 12.0x · ROE -70.1%. (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 | $245M | $207M | $88M | $76M | $223M | $543M | $443M | $396M | $774M | $377M | $1.2B |
| Enterprise Value | $432M | $393M | $281M | $348M | $441M | $667M | $650M | $758M | $767M | $591M | $1.6B |
| P/E Ratio → | -2.86 | — | — | — | — | 21.44 | — | — | — | — | 15.87 |
| P/S Ratio | 0.24 | 0.21 | 0.08 | 0.05 | 0.13 | 0.29 | 0.27 | 0.18 | 0.30 | 0.14 | 0.41 |
| P/B Ratio | 2.59 | 2.38 | 0.65 | 0.30 | 0.55 | 1.17 | 1.01 | 0.79 | 1.31 | 0.64 | 1.22 |
| P/FCF | — | — | 2.21 | — | — | 13.67 | 4.89 | — | 3.36 | 2.47 | 8.65 |
| P/OCF | — | — | 1.89 | — | — | 10.86 | 4.38 | — | 3.12 | 2.10 | 5.95 |
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 | — | 0.39 | 0.25 | 0.25 | 0.26 | 0.36 | 0.40 | 0.34 | 0.30 | 0.21 | 0.52 |
| EV / EBITDA | 11.96 | 10.89 | — | — | 20.18 | 5.46 | — | 28.71 | 5.88 | — | 7.16 |
| EV / EBIT | 18.72 | 17.05 | — | — | — | 8.54 | — | — | 12.23 | — | 11.25 |
| EV / FCF | — | — | 7.03 | — | — | 16.80 | 7.18 | — | 3.33 | 3.88 | 11.00 |
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 | 56.1% | 56.1% | 52.2% | 48.5% | 49.4% | 51.7% | 47.7% | 49.6% | 52.7% | 48.7% | 51.9% |
| Operating Margin | 2.3% | 2.3% | -9.1% | -10.1% | -0.1% | 5.0% | -8.4% | -1.3% | 2.5% | -15.2% | 4.2% |
| Net Profit Margin | -7.8% | -7.8% | -9.0% | -11.1% | -2.6% | 1.4% | -6.0% | -2.4% | -0.1% | -17.2% | 2.6% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -70.1% | -70.1% | -52.9% | -48.0% | -10.2% | 5.6% | -20.4% | -9.6% | -0.6% | -59.4% | 8.0% |
| ROA | -10.8% | -10.8% | -11.8% | -14.2% | -3.4% | 1.8% | -6.2% | -3.3% | -0.2% | -25.0% | 3.5% |
| ROIC | 5.7% | 5.7% | -18.3% | -18.8% | -0.2% | 11.2% | -13.4% | -2.9% | 6.8% | -29.4% | 6.7% |
| ROCE | 5.6% | 5.6% | -19.4% | -19.8% | -0.2% | 10.6% | -13.8% | -2.8% | 5.9% | -29.0% | 7.0% |
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 | 3.25 | 3.25 | 2.31 | 1.54 | 1.03 | 0.81 | 1.19 | 1.12 | 0.67 | 0.76 | 0.62 |
| Debt / EBITDA | 7.82 | 7.82 | — | — | 19.05 | 3.07 | — | 21.30 | 3.04 | — | 2.87 |
| Net Debt / Equity | — | 2.15 | 1.41 | 1.08 | 0.54 | 0.27 | 0.47 | 0.72 | -0.01 | 0.37 | 0.33 |
| Net Debt / EBITDA | 5.16 | 5.16 | — | — | 9.96 | 1.02 | — | 13.72 | -0.06 | — | 1.53 |
| Debt / FCF | — | — | 4.81 | — | — | 3.13 | 2.28 | — | -0.03 | 1.41 | 2.35 |
| Interest Coverage | 1.14 | 1.14 | -5.22 | -4.23 | -0.15 | 3.11 | -4.40 | -0.05 | 1.47 | -9.56 | 5.47 |
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 | 1.55 | 1.55 | 1.70 | 2.08 | 2.22 | 1.91 | 1.77 | 1.89 | 2.08 | 2.54 | 3.32 |
| Quick Ratio | 1.05 | 1.05 | 1.13 | 1.34 | 1.31 | 1.24 | 1.24 | 1.05 | 1.45 | 1.41 | 1.97 |
| Cash Ratio | 0.32 | 0.32 | 0.38 | 0.34 | 0.47 | 0.47 | 0.57 | 0.36 | 0.67 | 0.45 | 0.74 |
| Asset Turnover | — | 1.46 | 1.50 | 1.44 | 1.36 | 1.37 | 1.09 | 1.38 | 1.61 | 1.68 | 1.40 |
| Inventory Turnover | 2.91 | 2.91 | 2.95 | 2.88 | 2.20 | 2.52 | 2.85 | 2.36 | 3.18 | 2.49 | 2.70 |
| Days Sales Outstanding | — | 52.55 | 51.69 | 63.38 | 56.46 | 62.11 | 53.86 | 49.43 | 48.13 | 49.70 | 46.54 |
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 | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | 4.7% | — | — | — | — | 6.3% |
| FCF Yield | — | — | 45.1% | — | — | 7.3% | 20.4% | — | 29.7% | 40.5% | 11.6% |
| Buyback Yield | 0.1% | 0.1% | 0.6% | 0.7% | 5.6% | 0.4% | 0.2% | 1.1% | 0.6% | 0.3% | 1.3% |
| Total Shareholder Yield | 0.1% | 0.1% | 0.6% | 0.7% | 5.6% | 0.4% | 0.2% | 1.1% | 0.6% | 0.3% | 1.3% |
| Shares Outstanding | — | $54M | $53M | $52M | $52M | $53M | $51M | $50M | $49M | $48M | $48M |
Liquidity and solvency pressure
As reported in recent financial data, FOSL trades at a P/S multiple of 0.26, a figure that suggests the market has largely abandoned expectations for a return to historical growth, viewing the company as a distressed asset rather than a viable competitor in the luxury accessory space.
The absence of a meaningful P/E multiple underscores the market's skepticism regarding the company's ability to return to profitability. Investors should monitor whether the current EV/EBITDA of 12.30 represents a floor or if further multiple compression is likely as the wholesale channel continues to erode.
Based on historical quarterly filings, Fossil's ROIC has frequently dipped into negative territory, reaching a low of -5.7% in 2024Q2, which highlights a persistent inability to generate returns that exceed the cost of capital in a shrinking retail environment.
The volatility in ROIC suggests that the company's licensing-heavy model is failing to scale efficiently as revenue declines. This trend warrants further investigation into whether the current capital allocation strategy is merely delaying an inevitable restructuring of the brand portfolio.
According to the provided financial statements, the cash conversion cycle has remained elevated, peaking at 136 days in 2024Q1, which indicates significant friction in managing inventory turnover and collecting receivables within the weakening wholesale distribution channel.
The high DIO relative to peers suggests that the company is struggling to move fashion-sensitive inventory, increasing the risk of future write-downs. Investors should monitor the DPO trends, as any tightening of supplier terms could rapidly exacerbate the company's existing liquidity constraints.
As reported in recent financial filings, the debt-to-equity ratio has surged to 4.16 in 2026Q1, a significant increase from 1.54 in 2023Q4, signaling that the company's reliance on debt is rising precisely as its equity base is being eroded by persistent net losses.
The interest coverage ratio, which has frequently turned negative, suggests that debt service is becoming increasingly precarious. This trend warrants further investigation into the company's ability to refinance existing obligations without further diluting shareholders or liquidating core assets.
Market participants often over-rely on Fossil's gross margin, which remains relatively high at 56.07%, to gauge operational health, failing to recognize that this metric obscures the crushing weight of fixed licensing royalties and corporate overhead that consistently drive the company into net losses.
Investors should instead focus on the operating margin and free cash flow conversion, as these metrics better reflect the company's inability to cover its fixed-cost structure. Relying on gross margin alone provides a misleading picture of profitability in a business model where the cost of revenue is only one part of the equation.
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying FOSL stock.
Fossil Group, Inc.'s current P/E ratio is -2.9x. The historical average is 16.7x.
Fossil Group, Inc.'s current EV/EBITDA is 12.0x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 9.6x.
Fossil Group, Inc.'s return on equity (ROE) is -70.1%. The historical average is 6.5%.
Based on historical data, Fossil Group, Inc. is trading at a P/E of -2.9x. Compare with industry peers and growth rates for a complete picture.
Fossil Group, Inc. has 56.1% gross margin and 2.3% operating margin.
Fossil Group, Inc.'s Debt/EBITDA ratio is 7.8x, indicating high leverage. A ratio above 4x may signal elevated financial risk.