Latest Ratios: P/E Ratio 15.4x · EV/EBITDA 7.0x · ROE 4.4%. (2019–2025 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 |
|---|---|---|---|---|---|---|---|---|
| Market Cap | $295M | $496M | $358M | $577M | $249M | $1.2B | $677M | — |
| Enterprise Value | $780M | $981M | $860M | $1.1B | $903M | $1.8B | $1.3B | — |
| P/E Ratio → | 15.38 | 25.81 | — | 30.44 | 3.37 | — | 20.43 | — |
| P/S Ratio | 0.48 | 0.81 | 0.59 | 0.87 | 0.36 | 1.69 | 1.34 | — |
| P/B Ratio | 0.66 | 1.10 | 0.85 | 1.31 | 0.60 | 3.84 | 2.82 | — |
| P/FCF | 20.57 | 34.60 | 8.92 | 7.02 | — | 184.03 | 8.58 | — |
| P/OCF | 6.02 | 10.13 | 7.63 | 6.55 | 20.19 | 54.14 | 7.66 | — |
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 |
|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.60 | 1.43 | 1.71 | 1.31 | 2.57 | 2.54 | — |
| EV / EBITDA | 7.03 | 8.84 | 21.98 | 9.46 | 11.12 | 17.25 | 12.26 | — |
| EV / EBIT | 8.92 | 11.22 | 10.45 | 11.64 | 7.62 | 14.00 | 14.99 | — |
| EV / FCF | — | 68.46 | 21.44 | 13.70 | — | 279.97 | 16.23 | — |
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 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 41.1% | 41.1% | 41.0% | 38.8% | 36.8% | 41.4% | 41.3% | 40.4% |
| Operating Margin | 14.3% | 14.3% | 2.4% | 14.3% | 7.4% | 11.2% | 16.9% | 12.5% |
| Net Profit Margin | 3.1% | 3.1% | -3.9% | 2.9% | 10.7% | -3.9% | 6.5% | 0.2% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| ROE | 4.4% | 4.4% | -5.4% | 4.5% | 20.5% | -10.0% | 14.7% | 0.3% |
| ROA | 1.7% | 1.7% | -2.0% | 1.6% | 6.0% | -2.4% | 3.5% | 0.1% |
| ROIC | 7.1% | 7.1% | 1.2% | 6.8% | 3.8% | 6.6% | 8.2% | 4.8% |
| ROCE | 8.4% | 8.4% | 1.4% | 8.3% | 4.5% | 7.4% | 9.7% | 5.9% |
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 |
|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.16 | 1.16 | 1.32 | 1.34 | 1.64 | 2.12 | 2.81 | 2.56 |
| Debt / EBITDA | 4.71 | 4.71 | 14.27 | 4.95 | 8.38 | 6.26 | 6.46 | 8.06 |
| Net Debt / Equity | — | 1.08 | 1.19 | 1.24 | 1.57 | 2.00 | 2.51 | 2.52 |
| Net Debt / EBITDA | 4.37 | 4.37 | 12.83 | 4.61 | 8.06 | 5.91 | 5.78 | 7.93 |
| Debt / FCF | — | 33.86 | 12.52 | 6.67 | — | 95.94 | 7.64 | 591.67 |
| Interest Coverage | 1.69 | 1.69 | 1.62 | 1.59 | 2.95 | 3.24 | 1.95 | 1.10 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.75 | 2.75 | 3.12 | 3.17 | 3.21 | 3.18 | 3.15 | 3.48 |
| Quick Ratio | 0.96 | 0.96 | 1.10 | 1.12 | 0.90 | 1.16 | 1.51 | 0.90 |
| Cash Ratio | 0.32 | 0.32 | 0.59 | 0.44 | 0.26 | 0.40 | 0.87 | 0.18 |
| Asset Turnover | — | 0.53 | 0.53 | 0.55 | 0.55 | 0.58 | 0.47 | 0.44 |
| Inventory Turnover | 1.76 | 1.76 | 1.85 | 2.10 | 1.86 | 2.19 | 2.21 | 1.80 |
| Days Sales Outstanding | — | 34.44 | 21.89 | 26.76 | 24.96 | 27.07 | 34.27 | 29.04 |
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 |
|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 6.5% | 3.9% | — | 3.3% | 29.7% | — | 4.9% | — |
| FCF Yield | 4.9% | 2.9% | 11.2% | 14.2% | — | 0.5% | 11.7% | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — |
| Shares Outstanding | — | $120M | $118M | $119M | $117M | $90M | $68M | $118M |
High leverage and inventory
According to current market data, HLLY trades at a forward P/E of 7.90, which appears to reflect significant investor skepticism regarding the company's ability to sustain earnings growth compared to the broader automotive aftermarket peer group, where multiples often command a substantial premium over these depressed levels.
The valuation discount suggests that the market is pricing in a high probability of earnings volatility or potential balance sheet distress. Investors should monitor whether the forward multiple expansion is driven by genuine margin recovery or merely a contraction in the denominator due to aggressive cost-cutting measures.
Based on reported financial figures, Holley's ROIC has struggled to maintain positive momentum, hovering near 1.4% as of 2026Q1, which indicates that the company is failing to generate returns on invested capital that exceed its likely cost of capital in the current high-interest rate environment.
The persistent low ROIC suggests that the historical roll-up strategy has not yet yielded the expected synergies or operational efficiencies. This trend warrants further investigation into whether the company's capital allocation is creating value or if the asset base remains bloated by underperforming acquisitions.
As reported in recent SEC filings, Holley's cash conversion cycle remains elevated at 190 days in 2026Q1, primarily driven by a bloated inventory turnover period that significantly lags behind industry standards for efficient automotive parts manufacturers and distributors operating in the current consumer discretionary landscape.
The extended DIO suggests that the company is carrying excessive inventory, which ties up critical liquidity and increases the risk of obsolescence as the product mix shifts toward electronics. This inefficiency appears to be a structural drag on cash flow that management must address to improve operational flexibility.
As indicated by financial statements, HLLY's debt-to-EBITDA ratio of 22.48 in 2026Q1 highlights a precarious leverage profile, suggesting that the company's ability to service its debt obligations is highly sensitive to even minor fluctuations in operating performance or interest rate volatility in the near term.
The interest coverage ratio of 1.85 indicates that the margin for error is razor-thin, leaving the company vulnerable to any further deterioration in earnings. Investors should monitor the company's ability to deleverage through organic cash flow rather than relying on external financing or further capital restructuring.
The P/E ratio is frequently misapplied to Holley's business model because it obscures the significant impact of non-cash amortization from past acquisitions, which artificially depresses GAAP earnings and fails to capture the underlying cash-generating potential of the company's core performance electronics and engine component segments.
Analysts should instead focus on EV/EBITDA or free cash flow yield to better normalize for the company's capital structure and acquisition-heavy history. Relying solely on P/E may lead to an incorrect assessment of the firm's valuation, as it ignores the substantial non-operating charges that currently distort the bottom line.
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Quick answers to the most common questions about buying HLLY stock.
Holley Inc.'s current P/E ratio is 15.4x. The historical average is 20.0x. This places it at the 25th percentile of its historical range.
Holley Inc.'s current EV/EBITDA is 7.0x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 13.5x.
Holley Inc.'s return on equity (ROE) is 4.4%. The historical average is 4.1%.
Based on historical data, Holley Inc. is trading at a P/E of 15.4x. This is at the 25th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Holley Inc. has 41.1% gross margin and 14.3% operating margin. Operating margin between 10-20% is typical for established companies.
Holley Inc.'s Debt/EBITDA ratio is 4.7x, indicating high leverage. A ratio above 4x may signal elevated financial risk.