Latest Ratios: P/E Ratio 37.8x · EV/EBITDA 22.5x · ROE 23.8%. (2014–2025 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 | $6.9B | $4.8B | $4.5B | $4.3B | $3.1B | $4.0B | $3.0B | $2.5B | $1.6B | $1.6B | $1.3B |
| Enterprise Value | $7.9B | $5.8B | $5.2B | $4.9B | $3.6B | $4.0B | $3.2B | $2.8B | $1.9B | $2.0B | $1.6B |
| P/E Ratio → | 37.81 | 25.75 | 21.09 | 21.49 | 15.44 | 22.30 | 31.67 | 20.31 | 15.72 | 15.97 | 31.79 |
| P/S Ratio | 2.68 | 1.87 | 1.84 | 1.79 | 1.36 | 1.86 | 1.89 | 1.46 | 0.96 | 1.01 | 0.81 |
| P/B Ratio | 8.93 | 6.08 | 5.68 | 4.67 | 3.13 | 3.69 | 2.99 | 2.59 | 1.70 | 1.86 | 1.65 |
| P/FCF | 57.18 | 39.81 | 26.54 | 15.72 | — | 14.45 | 12.69 | 24.30 | 12.03 | — | 14.74 |
| P/OCF | 35.31 | 24.58 | 18.46 | 11.47 | — | 12.72 | 11.51 | 18.34 | 9.62 | — | 12.05 |
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 | — | 2.27 | 2.13 | 2.06 | 1.58 | 1.88 | 2.00 | 1.68 | 1.18 | 1.27 | 1.02 |
| EV / EBITDA | 22.50 | 16.55 | 14.54 | 14.56 | 11.11 | 13.38 | 16.90 | 12.38 | 9.06 | 9.60 | 8.81 |
| EV / EBIT | 26.72 | 19.65 | 17.20 | 17.18 | 13.13 | 15.83 | 25.63 | 15.33 | 11.37 | 11.80 | 11.40 |
| EV / FCF | — | 48.33 | 30.71 | 18.07 | — | 14.57 | 13.45 | 27.93 | 14.72 | — | 18.62 |
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 | 47.3% | 47.3% | 48.3% | 52.6% | 51.9% | 52.1% | 51.5% | 51.9% | 51.6% | 51.3% | 50.8% |
| Operating Margin | 11.5% | 11.5% | 12.4% | 12.0% | 12.4% | 12.1% | 9.0% | 11.0% | 10.5% | 10.7% | 9.0% |
| Net Profit Margin | 7.4% | 7.4% | 8.7% | 8.3% | 8.8% | 8.3% | 6.0% | 7.2% | 6.1% | 5.9% | 2.9% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 23.8% | 23.8% | 25.1% | 20.9% | 19.3% | 17.0% | 9.8% | 12.9% | 11.3% | 11.4% | 8.2% |
| ROA | 8.3% | 8.3% | 9.8% | 9.0% | 9.5% | 9.2% | 5.2% | 6.9% | 5.8% | 5.3% | 2.6% |
| ROIC | 13.3% | 13.3% | 14.9% | 14.1% | 16.2% | 16.8% | 8.7% | 10.7% | 10.2% | 10.5% | 9.6% |
| ROCE | 16.3% | 16.3% | 17.6% | 16.8% | 17.8% | 17.1% | 9.8% | 13.0% | 12.2% | 12.3% | 12.4% |
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 | 1.37 | 1.37 | 0.96 | 0.77 | 0.58 | 0.29 | 0.33 | 0.42 | 0.41 | 0.55 | 0.53 |
| Debt / EBITDA | 3.06 | 3.06 | 2.12 | 2.08 | 1.76 | 1.05 | 1.75 | 1.76 | 1.80 | 2.24 | 2.25 |
| Net Debt / Equity | — | 1.30 | 0.89 | 0.70 | 0.52 | 0.03 | 0.18 | 0.39 | 0.38 | 0.49 | 0.43 |
| Net Debt / EBITDA | 2.92 | 2.92 | 1.97 | 1.89 | 1.57 | 0.11 | 0.96 | 1.61 | 1.66 | 2.01 | 1.84 |
| Debt / FCF | — | 8.52 | 4.17 | 2.34 | — | 0.12 | 0.76 | 3.63 | 2.69 | — | 3.88 |
| Interest Coverage | 4.97 | 4.97 | 5.56 | 6.54 | 19.52 | 37.82 | 9.83 | 9.48 | 8.84 | 9.97 | 2.74 |
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 | 2.38 | 2.38 | 2.06 | 2.21 | 1.93 | 2.01 | 2.24 | 2.07 | 2.25 | 2.24 | 1.44 |
| Quick Ratio | 0.97 | 0.97 | 0.84 | 0.84 | 0.70 | 1.15 | 1.24 | 0.96 | 1.03 | 1.05 | 0.74 |
| Cash Ratio | 0.12 | 0.12 | 0.11 | 0.15 | 0.11 | 0.58 | 0.42 | 0.10 | 0.11 | 0.16 | 0.16 |
| Asset Turnover | — | 1.09 | 1.13 | 1.08 | 1.03 | 1.07 | 0.86 | 0.93 | 0.97 | 0.90 | 0.91 |
| Inventory Turnover | 2.22 | 2.22 | 2.20 | 1.83 | 1.62 | 2.49 | 2.19 | 2.03 | 2.19 | 2.09 | 2.39 |
| Days Sales Outstanding | — | 31.02 | 32.44 | 30.85 | 34.84 | 29.64 | 45.62 | 46.77 | 41.58 | 44.65 | 41.21 |
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 | 0.8% | 1.2% | 1.2% | 1.2% | 1.7% | 1.2% | 1.5% | 1.8% | 2.5% | 2.3% | 1.4% |
| Payout Ratio | 29.8% | 29.8% | 25.3% | 26.4% | 26.2% | 27.5% | 48.0% | 35.9% | 39.1% | 38.8% | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 2.6% | 3.9% | 4.7% | 4.7% | 6.5% | 4.5% | 3.2% | 4.9% | 6.4% | 6.3% | 3.1% |
| FCF Yield | 1.7% | 2.5% | 3.8% | 6.4% | — | 6.9% | 7.9% | 4.1% | 8.3% | — | 6.8% |
| Buyback Yield | 3.1% | 4.4% | 3.8% | 7.8% | 6.1% | 1.6% | 0.2% | 1.2% | 0.2% | 0.1% | 0.0% |
| Total Shareholder Yield | 3.9% | 5.6% | 5.0% | 9.1% | 7.8% | 2.9% | 1.7% | 3.0% | 2.6% | 2.3% | 1.4% |
| Shares Outstanding | — | $60M | $64M | $68M | $73M | $75M | $75M | $76M | $75M | $75M | $64M |
Seasonal working capital volatility
According to current market data, GOLF trades at a P/E of 38.09, which appears to command a significant premium over broader leisure sector peers, suggesting that investors are pricing in the durability of its recurring revenue streams from golf ball consumables rather than just cyclical equipment sales.
The forward P/E of 31.46 implies that the market expects sustained earnings growth, likely driven by the company's dominant position in the dedicated golfer segment. However, the high P/FCF of 57.60 warrants caution, as it suggests that current cash flow generation may not fully support the lofty valuation multiples without significant operational improvements.
Based on reported financial statements, GOLF's ROIC has fluctuated between -1.2% and 5.4% over the last ten quarters, indicating that the company's ability to compound capital is heavily influenced by the lumpy nature of its product launch cycles and seasonal inventory requirements.
The modest ROIC levels suggest that while the brand possesses strong pricing power, the capital-intensive nature of maintaining global distribution and professional endorsement contracts acts as a drag on overall efficiency. Investors should monitor whether management can improve asset utilization during off-peak quarters to drive higher long-term returns on invested capital.
As reported in recent filings, GOLF's cash conversion cycle reached 195 days in 2025Q4, reflecting the significant time required to convert raw materials into finished golf equipment and apparel before realizing revenue through the company's extensive global retail and pro-shop distribution network.
The high days inventory outstanding, which peaked at 259 days in 2023Q4, highlights the inherent risk of inventory obsolescence in the golf club segment. This efficiency profile suggests that the company must maintain high liquidity to manage the substantial working capital outflows that precede the peak spring selling season.
According to quarterly balance sheet data, GOLF's debt-to-equity ratio has trended upward to 1.39 as of 2026Q1, signaling a shift toward increased financial leverage to support ongoing operational needs and potential strategic investments in the premium lifestyle apparel market.
While the interest coverage ratio of 9.19 in 2026Q1 suggests that debt service remains manageable, the upward trend in total liabilities warrants close monitoring. The company's reliance on debt to fund seasonal inventory accumulation could become a vulnerability if market demand for high-ticket golf equipment experiences a sustained downturn.
The most commonly misapplied metric for GOLF is the standard P/E ratio, which fails to account for the recurring nature of the golf ball business, effectively obscuring the company's true earnings quality by grouping it with highly cyclical, non-consumable sporting goods manufacturers.
Analysts should instead focus on normalized free cash flow and segment-specific margins to better understand the underlying stability of the business. By treating the entire revenue base as discretionary, the market may be systematically underestimating the defensive characteristics of the company's consumable-heavy product mix.
Includes 30+ ratios · 12 years · Updated daily
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Quick answers to the most common questions about buying GOLF stock.
Acushnet Holdings Corp.'s current P/E ratio is 37.8x. The historical average is 22.2x. This places it at the 100th percentile of its historical range.
Acushnet Holdings Corp.'s current EV/EBITDA is 22.5x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 12.7x.
Acushnet Holdings Corp.'s return on equity (ROE) is 23.8%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 13.8%.
Based on historical data, Acushnet Holdings Corp. is trading at a P/E of 37.8x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Acushnet Holdings Corp.'s current dividend yield is 0.80% with a payout ratio of 29.8%.
Acushnet Holdings Corp. has 47.3% gross margin and 11.5% operating margin. Operating margin between 10-20% is typical for established companies.
Acushnet Holdings Corp.'s Debt/EBITDA ratio is 3.1x, indicating high leverage. A ratio between 2-4x is manageable but warrants monitoring.