Latest Ratios: P/E Ratio -0.7x · EV/EBITDA 9.1x · ROE -72.5%. (1997–2026 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $641M | $406M | $1.3B | $3.0B | $2.7B | $5.0B | $5.5B | $4.2B | $2.9B | $2.5B | $2.7B |
| Enterprise Value | $1.5B | $1.2B | $2.2B | $3.7B | $3.7B | $5.8B | $5.8B | $4.5B | $3.3B | $2.7B | $3.2B |
| P/E Ratio → | -0.70 | — | 10.25 | 17.89 | 18.94 | 22.43 | 21.51 | 27.34 | 16.94 | 19.04 | 18.90 |
| P/S Ratio | 0.36 | 0.23 | 0.67 | 1.50 | 1.31 | 2.26 | 2.60 | 2.44 | 1.89 | 1.66 | 1.95 |
| P/B Ratio | 0.79 | 0.51 | 0.75 | 1.84 | 1.82 | 3.78 | 4.41 | 3.59 | 2.96 | 2.42 | 2.67 |
| P/FCF | 4.86 | 3.08 | 15.27 | 11.19 | 81.33 | 79.96 | 25.36 | 16.44 | 17.46 | 11.65 | 13.11 |
| P/OCF | 3.75 | 2.37 | 11.21 | 9.85 | 13.04 | 35.65 | 17.39 | 15.36 | 15.10 | 10.95 | 11.93 |
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 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.68 | 1.16 | 1.85 | 1.77 | 2.63 | 2.76 | 2.65 | 2.08 | 1.84 | 2.28 |
| EV / EBITDA | 9.10 | 7.62 | 11.16 | 11.85 | 14.28 | 18.95 | 18.17 | 20.98 | 14.21 | 13.43 | 15.48 |
| EV / EBIT | 13.64 | — | 10.34 | 14.81 | 15.12 | 21.25 | 19.94 | 20.53 | 16.15 | 14.11 | 18.36 |
| EV / FCF | — | 9.25 | 26.55 | 13.73 | 109.73 | 93.08 | 26.92 | 17.84 | 19.29 | 12.93 | 15.33 |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 45.7% | 45.7% | 47.9% | 47.3% | 43.4% | 42.9% | 44.2% | 43.0% | 41.0% | 41.3% | 41.0% |
| Operating Margin | 6.0% | 6.0% | 7.5% | 13.0% | 10.2% | 12.3% | 13.4% | 10.4% | 12.7% | 11.4% | 12.1% |
| Net Profit Margin | -50.3% | -50.3% | 6.5% | 8.4% | 6.9% | 10.1% | 12.1% | 8.9% | 10.8% | 3.0% | 10.1% |
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -72.5% | -72.5% | 7.5% | 10.8% | 10.2% | 17.4% | 21.2% | 14.1% | 16.8% | 4.4% | 14.4% |
| ROA | -34.3% | -34.3% | 4.1% | 5.9% | 5.0% | 8.8% | 12.2% | 8.6% | 10.3% | 2.6% | 7.6% |
| ROIC | 3.8% | 3.8% | 4.3% | 8.2% | 6.9% | 11.0% | 13.6% | 9.5% | 11.6% | 9.2% | 9.1% |
| ROCE | 5.0% | 5.0% | 5.6% | 10.7% | 9.0% | 14.1% | 17.5% | 12.3% | 15.0% | 11.9% | 10.9% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.04 | 1.04 | 0.57 | 0.43 | 0.66 | 0.65 | 0.31 | 0.33 | 0.32 | 0.29 | 0.48 |
| Debt / EBITDA | 5.21 | 5.21 | 4.84 | 2.25 | 3.81 | 2.78 | 1.20 | 1.76 | 1.40 | 1.43 | 2.36 |
| Net Debt / Equity | — | 1.02 | 0.56 | 0.42 | 0.64 | 0.62 | 0.27 | 0.31 | 0.31 | 0.27 | 0.45 |
| Net Debt / EBITDA | 5.09 | 5.09 | 4.74 | 2.19 | 3.70 | 2.67 | 1.06 | 1.65 | 1.35 | 1.33 | 2.24 |
| Debt / FCF | — | 6.18 | 11.28 | 2.54 | 28.40 | 13.12 | 1.56 | 1.40 | 1.83 | 1.28 | 2.22 |
| Interest Coverage | -13.53 | -13.53 | 4.11 | 4.71 | 5.94 | 21.41 | 23.06 | 17.34 | 17.21 | 13.84 | 11.68 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.71 | 1.71 | 2.00 | 1.87 | 2.16 | 1.80 | 1.58 | 2.01 | 1.94 | 1.87 | 1.92 |
| Quick Ratio | 0.81 | 0.81 | 1.03 | 0.99 | 1.06 | 0.87 | 0.80 | 1.26 | 0.97 | 1.02 | 0.92 |
| Cash Ratio | 0.04 | 0.04 | 0.04 | 0.04 | 0.07 | 0.06 | 0.07 | 0.07 | 0.04 | 0.07 | 0.08 |
| Asset Turnover | — | 0.84 | 0.61 | 0.71 | 0.71 | 0.79 | 0.93 | 0.90 | 0.95 | 0.91 | 0.77 |
| Inventory Turnover | 2.13 | 2.13 | 2.19 | 2.67 | 2.58 | 2.28 | 2.43 | 3.80 | 3.05 | 3.45 | 2.85 |
| Days Sales Outstanding | — | 74.92 | 83.06 | 73.25 | 67.41 | 76.02 | 67.68 | 74.40 | 65.40 | 68.10 | 59.92 |
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 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | 9.8% | 5.6% | 5.3% | 4.5% | 4.6% | 3.7% | 5.9% | 5.3% | 5.3% |
| FCF Yield | 20.6% | 32.5% | 6.6% | 8.9% | 1.2% | 1.3% | 3.9% | 6.1% | 5.7% | 8.6% | 7.6% |
| Buyback Yield | 0.3% | 0.5% | 8.1% | 1.8% | 0.7% | 3.7% | 3.7% | 0.2% | 7.4% | 3.0% | 2.8% |
| Total Shareholder Yield | 0.3% | 0.5% | 8.1% | 1.8% | 0.7% | 3.7% | 3.7% | 0.2% | 7.4% | 3.0% | 2.8% |
| Shares Outstanding | — | $23M | $23M | $24M | $24M | $24M | $25M | $25M | $26M | $27M | $28M |
Intangible Asset Impairment Risk
According to current market data, HELE trades at a P/S ratio of 0.37, which suggests that investors are heavily discounting the company's future revenue potential compared to historical norms and broader consumer defensive peers, likely due to persistent top-line contraction and significant recent net losses.
The forward P/E of 8.28 indicates that the market is pricing in a low-growth, high-risk scenario rather than a recovery, as investors remain skeptical of the company's ability to stabilize margins. This valuation gap relative to peers like Church & Dwight suggests that the market views the current business model as fundamentally impaired rather than temporarily cyclical.
Based on reported financial figures, the company's ROIC has experienced extreme volatility, swinging from positive territory to -12.9% in 2026Q1, which indicates that the firm is currently failing to generate adequate returns on its invested capital base compared to its historical performance.
The sharp decline in ROIC is largely driven by the erosion of net margins and the impact of non-cash impairment charges on the capital base. This trend suggests that the aggressive acquisition strategy of the past has not yielded the expected compounding returns, necessitating a fundamental reassessment of capital allocation efficiency.
As reported in recent quarterly filings, the company's cash conversion cycle has trended toward 150 days in 2026Q4, reflecting significant inefficiencies in inventory management and a reliance on extended supplier payment terms that may be unsustainable in a period of declining sales volume.
The elevated days inventory outstanding, which reached 219 days in 2026Q1, suggests that the company is struggling to clear stock in a softening retail environment. This buildup of inventory relative to sales turnover indicates that the asset-light model is facing operational bottlenecks that could further pressure liquidity.
According to the latest balance sheet data, the company's quick ratio of 0.81 in 2026Q4 highlights a precarious liquidity position, as the firm holds minimal cash reserves to navigate the ongoing restructuring phase and potential volatility in its third-party manufacturing supply chain.
The reliance on inventory to meet current obligations, as evidenced by the gap between the current and quick ratios, leaves the company vulnerable to sudden shifts in retail demand or destocking cycles. Investors should monitor whether the company can maintain sufficient working capital without resorting to dilutive financing or further debt accumulation.
Market participants frequently misapply traditional consumer staples valuation multiples to HELE, which obscures the reality that the company operates as a design-led discretionary platform rather than a defensive, recurring-revenue business, leading to potential mispricing of its long-term competitive moat.
By treating HELE as a defensive staple, analysts often overlook the high sensitivity of its Home & Outdoor segment to discretionary spending and the structural risks posed by private-label encroachment. A more appropriate framework would involve adjusting for the cyclicality of its brand portfolio and the volatility inherent in its licensed business model.
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying HELE stock.
Helen of Troy Limited's current P/E ratio is -0.7x. The historical average is 16.1x.
Helen of Troy Limited's current EV/EBITDA is 9.1x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 11.8x.
Helen of Troy Limited's return on equity (ROE) is -72.5%. The historical average is 9.5%.
Based on historical data, Helen of Troy Limited is trading at a P/E of -0.7x. Compare with industry peers and growth rates for a complete picture.
Helen of Troy Limited has 45.7% gross margin and 6.0% operating margin.
Helen of Troy Limited's Debt/EBITDA ratio is 5.2x, indicating high leverage. A ratio above 4x may signal elevated financial risk.