Latest Ratios: P/E Ratio 21.0x · EV/EBITDA 10.9x · ROE 6.4%. (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 | $404M | $384M | $373M | $595M | $509M | $567M | $524M | $407M | $400M | $489M | $518M |
| Enterprise Value | $489M | $468M | $471M | $693M | $608M | $631M | $557M | $510M | $379M | $464M | $510M |
| P/E Ratio → | 20.98 | 19.63 | 18.71 | 10.57 | 5.71 | 6.24 | 8.87 | 18.67 | 13.23 | 23.11 | 18.23 |
| P/S Ratio | 0.53 | 0.51 | 0.52 | 0.69 | 0.49 | 0.56 | 0.70 | 0.51 | 0.49 | 0.60 | 0.63 |
| P/B Ratio | 1.33 | 1.25 | 1.21 | 1.93 | 1.76 | 2.21 | 2.07 | 1.56 | 1.46 | 1.66 | 1.84 |
| P/FCF | 12.26 | 11.64 | 13.90 | 13.51 | 22.54 | 8.98 | 4.39 | 8.73 | 8.18 | 17.48 | 17.14 |
| P/OCF | 7.68 | 7.29 | 6.33 | 6.13 | 9.99 | 5.83 | 4.02 | 6.42 | 5.68 | 9.33 | 8.62 |
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 | — | 0.62 | 0.65 | 0.80 | 0.58 | 0.62 | 0.75 | 0.64 | 0.46 | 0.57 | 0.62 |
| EV / EBITDA | 10.86 | 10.41 | 11.36 | 8.06 | 4.51 | 4.69 | 9.30 | 10.71 | 5.30 | 6.41 | 6.98 |
| EV / EBIT | 23.08 | 17.45 | 23.72 | 10.29 | 5.15 | 5.33 | 13.37 | 18.87 | 9.10 | 11.06 | 11.60 |
| EV / FCF | — | 14.20 | 17.57 | 15.71 | 26.88 | 9.99 | 4.67 | 10.95 | 7.75 | 16.59 | 16.87 |
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 | 60.7% | 60.7% | 60.7% | 60.7% | 57.7% | 56.7% | 56.0% | 54.2% | 54.6% | 54.3% | 54.0% |
| Operating Margin | 2.8% | 2.8% | 2.7% | 7.8% | 11.3% | 11.7% | 5.6% | 3.4% | 5.1% | 5.1% | 5.3% |
| Net Profit Margin | 2.6% | 2.6% | 2.8% | 6.5% | 8.5% | 9.0% | 7.9% | 2.7% | 3.7% | 2.6% | 3.5% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 6.4% | 6.4% | 6.5% | 18.8% | 32.8% | 35.7% | 23.0% | 8.2% | 10.7% | 7.3% | 9.7% |
| ROA | 3.0% | 3.0% | 3.1% | 8.6% | 13.4% | 13.3% | 9.5% | 4.4% | 6.7% | 4.6% | 6.1% |
| ROIC | 4.0% | 4.0% | 3.7% | 12.7% | 25.0% | 29.3% | 9.6% | 6.6% | 12.0% | 11.6% | 11.8% |
| ROCE | 4.1% | 4.1% | 3.8% | 13.3% | 24.3% | 24.9% | 9.2% | 6.9% | 11.5% | 11.5% | 11.9% |
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 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.70 | 0.70 | 0.71 | 0.71 | 0.76 | 0.90 | 0.92 | 0.69 | 0.18 | 0.19 | 0.20 |
| Debt / EBITDA | 4.81 | 4.81 | 5.27 | 2.54 | 1.64 | 1.71 | 3.90 | 3.76 | 0.71 | 0.75 | 0.76 |
| Net Debt / Equity | — | 0.27 | 0.32 | 0.31 | 0.34 | 0.25 | 0.13 | 0.40 | -0.08 | -0.08 | -0.03 |
| Net Debt / EBITDA | 1.88 | 1.88 | 2.37 | 1.13 | 0.73 | 0.48 | 0.56 | 2.17 | -0.29 | -0.34 | -0.11 |
| Debt / FCF | — | 2.56 | 3.67 | 2.20 | 4.34 | 1.02 | 0.28 | 2.22 | -0.42 | -0.89 | -0.26 |
| Interest Coverage | — | — | — | — | — | — | — | — | 17.01 | 16.71 | 17.11 |
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 | 1.87 | 1.87 | 1.82 | 1.82 | 1.79 | 1.47 | 1.55 | 1.61 | 2.29 | 2.35 | 2.02 |
| Quick Ratio | 1.15 | 1.15 | 1.18 | 1.14 | 1.02 | 0.94 | 1.11 | 0.78 | 1.09 | 1.20 | 0.96 |
| Cash Ratio | 0.99 | 0.99 | 0.91 | 0.87 | 0.80 | 0.79 | 0.98 | 0.60 | 0.81 | 0.89 | 0.66 |
| Asset Turnover | — | 1.17 | 1.11 | 1.32 | 1.61 | 1.48 | 1.10 | 1.43 | 1.86 | 1.78 | 1.81 |
| Inventory Turnover | 3.10 | 3.10 | 3.40 | 3.61 | 3.74 | 3.91 | 3.66 | 3.51 | 3.51 | 3.62 | 3.71 |
| Days Sales Outstanding | — | — | — | — | — | — | — | 0.69 | 0.82 | 1.07 | 1.89 |
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 | 5.1% | 5.4% | 5.5% | 5.9% | 6.7% | 9.3% | 9.6% | 3.7% | 8.9% | 2.3% | 5.9% |
| Payout Ratio | 105.6% | 105.6% | 102.6% | 62.6% | 38.0% | 57.8% | 85.4% | 68.9% | 117.0% | 54.1% | 107.2% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 4.8% | 5.1% | 5.3% | 9.5% | 17.5% | 16.0% | 11.3% | 5.4% | 7.6% | 4.3% | 5.5% |
| FCF Yield | 8.2% | 8.6% | 7.2% | 7.4% | 4.4% | 11.1% | 22.8% | 11.4% | 12.2% | 5.7% | 5.8% |
| Buyback Yield | 1.2% | 1.2% | 1.3% | 1.2% | 5.9% | 7.4% | 3.8% | 7.3% | 4.7% | 0.3% | 4.1% |
| Total Shareholder Yield | 6.3% | 6.7% | 6.8% | 7.1% | 12.6% | 16.6% | 13.4% | 11.0% | 13.6% | 2.6% | 10.0% |
| Shares Outstanding | — | $16M | $17M | $17M | $17M | $19M | $19M | $20M | $21M | $22M | $22M |
Cyclical housing market sensitivity
According to current market data, HVT trades at a forward P/E of 15.98, which suggests that investors are pricing in a cautious outlook for the furniture sector relative to the company's historical valuation multiples and its current dividend yield of 4.9% as reported in recent filings.
The valuation appears to reflect a market that is skeptical of near-term earnings growth given the cooling housing market in the Sunbelt. While the P/S ratio of 0.55 is relatively low, it may be justified by the thin operating margins that characterize the company's high-fixed-cost retail model.
Based on reported financial figures, HVT's ROIC has struggled to gain momentum, hovering near 0.9% in 2026Q1, which indicates that the company is currently failing to generate returns on invested capital that exceed its cost of capital during this period of cyclical demand contraction.
The persistent low ROIC suggests that the company's heavy investment in physical showrooms and logistics infrastructure is not yielding sufficient incremental returns. Investors should monitor whether management can improve asset utilization or if the current capital-intensive strategy will continue to dilute shareholder value in a slower growth environment.
As reported in recent financial statements, HVT's inventory days on hand reached 125,319 in 2026Q1, a figure that highlights the significant friction within the company's supply chain and the challenges of managing a large, regional inventory footprint amidst fluctuating consumer demand for big-ticket home goods.
The high inventory levels relative to sales suggest that the company may be carrying excess stock, which ties up liquidity and increases the risk of future markdowns. This inefficiency in the cash conversion cycle warrants further investigation into whether the current showroom-heavy model is becoming a structural drag on operational agility.
Based on the company's reported balance sheet, HVT maintains a minimal debt-to-equity ratio of 0.72%, which indicates a fortress-like capital structure that provides significant protection against the volatility inherent in the consumer cyclical sector during periods of economic stress or rising interest rates.
While the low debt levels are a clear positive, the company's reliance on lease obligations means that the headline leverage ratio may understate the true fixed-cost burden. The lack of significant interest-bearing debt suggests that the company is well-positioned to weather a prolonged downturn without facing immediate solvency risks.
Analysts frequently misapply the operating margin as a primary indicator of HVT's success, failing to account for the fact that the company's high gross margins of 60.67% are structurally offset by the massive fixed costs of its proprietary logistics and showroom network, as noted in recent filings.
Focusing solely on operating margins obscures the company's true value as a regional logistics and service provider. A more appropriate metric would be to analyze the contribution margin per showroom or to adjust for the non-cash lease expenses that artificially depress the reported operating profitability.
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Quick answers to the most common questions about buying HVT stock.
Haverty Furniture Companies, Inc.'s current P/E ratio is 21.0x. The historical average is 21.1x. This places it at the 75th percentile of its historical range.
Haverty Furniture Companies, Inc.'s current EV/EBITDA is 10.9x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 9.0x.
Haverty Furniture Companies, Inc.'s return on equity (ROE) is 6.4%. The historical average is 10.1%.
Based on historical data, Haverty Furniture Companies, Inc. is trading at a P/E of 21.0x. This is at the 75th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Haverty Furniture Companies, Inc.'s current dividend yield is 5.08% with a payout ratio of 105.6%.
Haverty Furniture Companies, Inc. has 60.7% gross margin and 2.8% operating margin.
Haverty Furniture Companies, Inc.'s Debt/EBITDA ratio is 4.8x, indicating high leverage. A ratio above 4x may signal elevated financial risk.