Latest Ratios: P/E Ratio -4.1x · EV/EBITDA 84.5x · ROE N/A. (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 | $328M | $387M | $923M | $1.4B | $1.6B | $2.2B | $1.8B | $2.4B | $2.4B | $3.2B | $3.3B |
| Enterprise Value | $3.4B | $3.5B | $4.1B | $4.4B | $4.6B | $4.4B | $4.0B | $3.5B | $3.5B | $4.3B | $4.3B |
| P/E Ratio → | -4.09 | — | — | 10.96 | 13.59 | 13.21 | 20.55 | 25.10 | 19.91 | 23.27 | 26.43 |
| P/S Ratio | 0.22 | 0.26 | 0.59 | 0.85 | 1.07 | 1.91 | 1.81 | 2.50 | 2.78 | 2.87 | 2.82 |
| P/B Ratio | — | — | — | — | — | — | — | — | — | — | — |
| P/FCF | 4.43 | 5.23 | — | 10.24 | 13.52 | 13.66 | 14.88 | 19.67 | 31.55 | 30.18 | 87.20 |
| P/OCF | 2.02 | 2.39 | 13.42 | 6.67 | 9.66 | 10.88 | 12.86 | 14.10 | 22.18 | 18.34 | 24.41 |
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 | — | 2.36 | 2.60 | 2.62 | 3.15 | 3.82 | 3.89 | 3.71 | 4.00 | 3.91 | 3.66 |
| EV / EBITDA | 84.47 | 85.95 | 28.54 | 13.02 | 15.21 | 12.98 | 14.04 | 13.69 | 11.89 | 13.72 | 15.99 |
| EV / EBIT | — | — | 52.46 | 16.20 | 18.68 | 15.11 | 21.07 | 17.56 | 15.03 | 17.73 | 22.16 |
| EV / FCF | — | 46.66 | — | 31.70 | 39.78 | 27.27 | 32.09 | 29.19 | 45.50 | 41.10 | 113.14 |
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 | 28.7% | 28.7% | 29.5% | 30.0% | 29.5% | 36.0% | 34.7% | 36.3% | 42.5% | 36.9% | 36.6% |
| Operating Margin | -1.2% | -1.2% | 5.3% | 16.5% | 16.9% | 25.4% | 22.6% | 21.3% | 26.8% | 22.4% | 16.5% |
| Net Profit Margin | -5.5% | -5.5% | -2.3% | 7.7% | 7.9% | 14.5% | 8.8% | 9.9% | 14.0% | 12.3% | 10.7% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | — | — | — | — | — | — | — | — | — | — | — |
| ROA | -3.0% | -3.0% | -1.3% | 4.4% | 5.0% | 9.1% | 6.3% | 10.6% | 11.8% | 10.5% | 9.4% |
| ROIC | -0.6% | -0.6% | 2.7% | 9.1% | 10.1% | 16.1% | 19.7% | 34.2% | 28.5% | 24.4% | 19.5% |
| ROCE | -0.8% | -0.8% | 3.5% | 11.5% | 13.0% | 19.4% | 19.5% | 28.1% | 29.0% | 24.1% | 17.9% |
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 | — | — | — | — | — | — | — | — | — | — | — |
| Debt / EBITDA | 77.60 | 77.60 | 22.26 | 9.27 | 10.40 | 6.64 | 8.23 | 4.95 | 3.65 | 3.66 | 3.73 |
| Net Debt / Equity | — | — | — | — | — | — | — | — | — | — | — |
| Net Debt / EBITDA | 76.32 | 76.32 | 22.09 | 8.81 | 10.04 | 6.48 | 7.53 | 4.47 | 3.64 | 3.64 | 3.67 |
| Debt / FCF | — | 41.43 | — | 21.46 | 26.26 | 13.61 | 17.20 | 9.52 | 13.94 | 10.92 | 25.93 |
| Interest Coverage | -0.28 | -0.28 | 0.95 | 3.32 | 2.88 | 4.29 | 2.81 | 2.36 | 5.09 | 6.35 | 7.80 |
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 | 0.51 | 0.51 | 0.42 | 0.58 | 0.54 | 0.51 | 0.99 | 1.44 | 0.52 | 0.53 | 0.56 |
| Quick Ratio | 0.50 | 0.50 | 0.41 | 0.58 | 0.53 | 0.51 | 0.98 | 1.43 | 0.51 | 0.51 | 0.53 |
| Cash Ratio | 0.12 | 0.12 | 0.06 | 0.28 | 0.21 | 0.17 | 0.59 | 0.79 | 0.01 | 0.02 | 0.06 |
| Asset Turnover | — | 0.57 | 0.57 | 0.56 | 0.50 | 0.65 | 0.54 | 0.99 | 1.06 | 0.89 | 0.86 |
| Inventory Turnover | 264.12 | 264.12 | 282.59 | 303.95 | 196.57 | 313.52 | 368.94 | 340.80 | 268.97 | 104.12 | 89.58 |
| Days Sales Outstanding | — | 22.50 | 19.41 | 21.50 | 25.81 | 23.72 | 28.02 | 17.38 | 24.10 | 19.83 | 23.04 |
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 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 5.0% | 4.3% | 3.7% | 2.5% | 2.4% | 1.7% | 1.5% | 1.7% | 1.9% | 1.6% | 1.2% |
| Payout Ratio | — | — | — | 27.4% | 31.9% | 22.5% | 30.7% | 43.6% | 37.4% | 36.2% | 32.5% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | 9.1% | 7.4% | 7.6% | 4.9% | 4.0% | 5.0% | 4.3% | 3.8% |
| FCF Yield | 22.6% | 19.1% | — | 9.8% | 7.4% | 7.3% | 6.7% | 5.1% | 3.2% | 3.3% | 1.1% |
| Buyback Yield | 1.5% | 1.3% | 7.9% | 6.4% | 1.7% | 9.3% | 8.8% | 5.9% | 13.8% | 10.9% | 9.1% |
| Total Shareholder Yield | 6.6% | 5.6% | 11.6% | 8.9% | 4.0% | 11.0% | 10.2% | 7.7% | 15.7% | 12.5% | 10.3% |
| Shares Outstanding | — | $19M | $20M | $21M | $21M | $22M | $23M | $26M | $29M | $31M | $34M |
Negative equity and leverage
According to recent market data, JACK trades at a negative TTM P/E of -3.28, which, when compared to peers like Shake Shack, suggests investors are heavily discounting the company's ability to navigate its current negative earnings cycle and high debt-to-EBITDA levels.
The forward P/E of 4.05 implies that the market is pricing in a significant recovery that may not materialize given the ongoing margin compression. Investors should monitor whether this valuation reflects a genuine value opportunity or a value trap resulting from the company's inability to stabilize its core earnings power.
As reported in financial statements, ROIC has trended downward to 1.8% in 2026Q2, indicating that the company is struggling to generate returns on its invested capital that exceed its cost of capital, particularly following the capital-intensive Del Taco acquisition.
The persistent decay in ROIC suggests that the company's asset-light refranchising strategy is failing to drive superior returns compared to historical performance. This trend warrants further investigation into whether the current capital allocation strategy is destroying shareholder value rather than compounding it.
Based on the provided quarterly data, the cash conversion cycle has fluctuated significantly, reaching 15 days in 2026Q2, which highlights the company's inconsistent ability to manage its supplier and customer leverage effectively during periods of operational restructuring.
The erratic nature of the CCC suggests that the company lacks the operational discipline seen in more stable QSR peers. This inefficiency may be exacerbating liquidity constraints, as the company is forced to tie up cash in working capital rather than deploying it toward debt reduction.
According to the latest balance sheet figures, the D/EBITDA ratio has reached 52.65 in 2026Q2, signaling that the company's debt service capacity is severely constrained compared to historical norms and industry standards for the restaurant sector.
The high leverage, combined with an interest coverage ratio of 2.23, leaves the company with minimal margin for error in a high-interest rate environment. Investors should monitor the risk of covenant breaches, as the current debt load appears disproportionate to the company's volatile operating cash flows.
As evidenced by the negative TTM P/E of -3.28, the price-to-earnings ratio is a fundamentally flawed metric for evaluating JACK, as it obscures the company's underlying cash-generating potential by focusing on accounting earnings distorted by non-recurring impairment charges and acquisition-related costs.
Analysts should instead prioritize EV/EBITDA or P/FCF to better understand the company's operational health, as these metrics strip away the noise of non-cash charges. Relying on P/E in this context risks misinterpreting a temporary accounting loss as a permanent impairment of the business model.
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying JACK stock.
Jack in the Box Inc.'s current P/E ratio is -4.1x. The historical average is 19.3x.
Jack in the Box Inc.'s current EV/EBITDA is 84.5x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 12.8x.
Based on historical data, Jack in the Box Inc. is trading at a P/E of -4.1x. Compare with industry peers and growth rates for a complete picture.
Jack in the Box Inc.'s current dividend yield is 5.04%.
Jack in the Box Inc. has 28.7% gross margin and -1.2% operating margin.
Jack in the Box Inc.'s Debt/EBITDA ratio is 77.6x, indicating high leverage. A ratio above 4x may signal elevated financial risk.