Latest Ratios: P/E Ratio -12.8x · EV/EBITDA 72.7x · ROE -7.8%. (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 | $450M | $429M | $373M | $558M | $521M | $1.1B | $867M | $587M | $930M | $733M | $358M |
| Enterprise Value | $322M | $301M | $276M | $498M | $449M | $919M | $696M | $414M | $808M | $669M | $279M |
| P/E Ratio → | -12.82 | — | — | 28.78 | 11.74 | 13.31 | 15.70 | 11.42 | 22.85 | 20.88 | 27.14 |
| P/S Ratio | 0.76 | 0.72 | 0.63 | 0.84 | 0.70 | 1.48 | 1.46 | 1.04 | 1.71 | 1.49 | 0.83 |
| P/B Ratio | 1.05 | 1.02 | 0.80 | 1.12 | 1.07 | 2.42 | 2.29 | 1.81 | 3.33 | 3.01 | 1.73 |
| P/FCF | 11.19 | 10.65 | 19.65 | 29.28 | — | 30.07 | 18.90 | 20.20 | 21.03 | 21.09 | 11.30 |
| P/OCF | 8.01 | 7.63 | 9.09 | 13.37 | — | 19.03 | 14.10 | 12.80 | 14.68 | 15.80 | 8.25 |
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 | — | 0.51 | 0.47 | 0.75 | 0.60 | 1.22 | 1.17 | 0.74 | 1.48 | 1.36 | 0.64 |
| EV / EBITDA | 72.65 | 67.83 | — | 17.77 | 5.57 | 7.37 | 8.10 | 5.33 | 10.61 | 11.40 | 8.02 |
| EV / EBIT | — | — | — | 19.17 | 7.60 | 8.13 | 9.43 | 6.22 | 11.83 | 13.66 | 11.42 |
| EV / FCF | — | 7.48 | 14.58 | 26.15 | — | 24.91 | 15.17 | 14.26 | 18.28 | 19.25 | 8.78 |
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 | 35.1% | 35.1% | 33.9% | 36.8% | 36.5% | 44.5% | 44.6% | 44.4% | 44.4% | 43.0% | 40.7% |
| Operating Margin | -2.7% | -2.7% | -7.3% | 1.8% | 8.9% | 14.8% | 12.0% | 11.3% | 11.6% | 9.3% | 5.3% |
| Net Profit Margin | -5.8% | -5.8% | -4.5% | 2.9% | 6.0% | 11.1% | 9.3% | 9.1% | 7.5% | 7.2% | 3.1% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -7.8% | -7.8% | -5.5% | 4.0% | 9.4% | 19.9% | 15.7% | 17.0% | 15.6% | 15.6% | 6.7% |
| ROA | -5.5% | -5.5% | -4.0% | 2.9% | 6.6% | 13.7% | 11.2% | 12.4% | 10.9% | 10.6% | 4.4% |
| ROIC | -3.7% | -3.7% | -8.1% | 2.1% | 14.5% | 35.1% | 29.7% | 30.9% | 28.1% | 22.3% | 13.0% |
| ROCE | -3.1% | -3.1% | -7.8% | 2.1% | 12.0% | 22.8% | 18.0% | 19.6% | 22.0% | 17.8% | 9.7% |
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 | 0.12 | 0.12 | 0.11 | 0.10 | 0.12 | 0.11 | 0.11 | — | — | — | 0.04 |
| Debt / EBITDA | 10.97 | 10.97 | — | 1.87 | 0.72 | 0.40 | 0.48 | — | — | — | 0.21 |
| Net Debt / Equity | — | -0.31 | -0.21 | -0.12 | -0.15 | -0.42 | -0.45 | -0.53 | -0.44 | -0.26 | -0.39 |
| Net Debt / EBITDA | -28.79 | -28.79 | — | -2.12 | -0.89 | -1.53 | -1.99 | -2.22 | -1.60 | -1.09 | -2.30 |
| Debt / FCF | — | -3.17 | -5.07 | -3.12 | — | -5.16 | -3.72 | -5.93 | -2.76 | -1.84 | -2.52 |
| Interest Coverage | -40.42 | -40.42 | -195.46 | 170.89 | 385.89 | 779.77 | 516.40 | 387.67 | 336.50 | 64.69 | 33.54 |
Net cash position: cash ($176M) exceeds total debt ($49M)
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 | 3.91 | 3.91 | 4.74 | 4.41 | 4.19 | 3.57 | 3.68 | 3.67 | 3.08 | 2.86 | 2.99 |
| Quick Ratio | 2.28 | 2.28 | 2.42 | 1.90 | 2.02 | 2.36 | 2.76 | 2.60 | 2.12 | 1.92 | 1.97 |
| Cash Ratio | 1.69 | 1.69 | 1.79 | 1.33 | 1.13 | 1.75 | 2.01 | 1.96 | 1.62 | 1.31 | 1.29 |
| Asset Turnover | — | 0.98 | 0.93 | 0.97 | 1.09 | 1.11 | 1.09 | 1.29 | 1.37 | 1.39 | 1.40 |
| Inventory Turnover | 2.25 | 2.25 | 1.87 | 1.61 | 1.90 | 2.51 | 3.38 | 3.32 | 3.40 | 3.53 | 3.76 |
| Days Sales Outstanding | — | 31.09 | 25.03 | 23.73 | 45.13 | 34.63 | 41.33 | 28.88 | 27.41 | 34.83 | 34.94 |
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 | 3.1% | 3.2% | 3.6% | 2.3% | 2.3% | 0.8% | 0.8% | 0.9% | 0.5% | 0.5% | 0.9% |
| Payout Ratio | — | — | — | 64.3% | 27.1% | 10.1% | 12.3% | 10.8% | 10.7% | 10.1% | 23.5% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | 3.5% | 8.5% | 7.5% | 6.4% | 8.8% | 4.4% | 4.8% | 3.7% |
| FCF Yield | 8.9% | 9.4% | 5.1% | 3.4% | — | 3.3% | 5.3% | 5.0% | 4.8% | 4.7% | 8.9% |
| Buyback Yield | 0.0% | 0.0% | 0.1% | 0.1% | 0.1% | 0.0% | 0.1% | 0.1% | 0.1% | 0.1% | 0.4% |
| Total Shareholder Yield | 3.1% | 3.2% | 3.7% | 2.3% | 2.4% | 0.8% | 0.8% | 1.1% | 0.5% | 0.6% | 1.3% |
| Shares Outstanding | — | $10M | $10M | $10M | $10M | $10M | $10M | $10M | $10M | $10M | $10M |
Cyclical demand and inventory
Based on reported figures, JOUT trades at a forward EV/EBITDA of 8.34, which appears to discount the company's historical earnings power while simultaneously reflecting the market's skepticism regarding the sustainability of its current margin profile compared to higher-growth peers like YETI Holdings.
The negative TTM P/E ratio highlights the recent earnings volatility, making traditional valuation metrics less reliable for assessing intrinsic value. Investors should monitor whether the forward multiple represents a genuine value opportunity or a value trap resulting from the company's inability to scale its non-fishing segments.
As reported in financial statements, ROIC has trended from a peak of 2.3% in 2026Q2 to negative territory in recent quarters, suggesting that the company is currently failing to generate returns that exceed its cost of capital during this period of cyclical demand normalization.
The decline in ROIC is primarily driven by margin compression rather than asset bloat, indicating that the core business is struggling to maintain its premium pricing power. This trend warrants further investigation into whether the current R&D spend is effectively driving future product differentiation or merely maintaining legacy market share.
According to recent SEC filings, the cash conversion cycle has expanded significantly, reaching 153 days in 2026Q2, which underscores the company's heavy reliance on seasonal inventory accumulation and the inherent difficulty in managing working capital within a manufacturing-heavy, discretionary consumer goods business model.
The elevated days inventory outstanding (DIO) suggests that the company is carrying significant finished goods, which may necessitate future promotional activity to clear channel stocks. This inefficiency ties up capital that could otherwise be deployed toward more accretive growth initiatives or shareholder returns.
Based on JOUT's reported figures, the company maintains a current ratio of 3.48, which provides a substantial liquidity cushion that appears sufficient to navigate the significant working capital requirements associated with its highly seasonal manufacturing and retail distribution cycles without requiring external financing.
The firm's minimal debt-to-equity ratio of 0.11 serves as a critical defensive mechanism against the inherent cyclicality of the marine and outdoor recreation markets. While this conservative posture limits financial leverage, it ensures the company remains resilient during periods of suppressed consumer discretionary spending.
The P/E ratio is frequently misapplied to JOUT, as it obscures the company's extreme seasonal earnings volatility and the impact of non-recurring inventory adjustments, which often lead to misleading valuation signals that fail to capture the underlying cash-generating capacity of the business.
Analysts should instead prioritize EV/EBITDA or P/FCF to better account for the company's capital structure and the significant swings in working capital that define its cash flow profile. Relying on P/E in a cyclical downturn risks misinterpreting temporary margin compression as a permanent impairment of the firm's earning power.
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying JOUT stock.
Johnson Outdoors Inc.'s current P/E ratio is -12.8x. The historical average is 19.6x.
Johnson Outdoors Inc.'s current EV/EBITDA is 72.7x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 9.0x.
Johnson Outdoors Inc.'s return on equity (ROE) is -7.8%. The historical average is 3.9%.
Based on historical data, Johnson Outdoors Inc. is trading at a P/E of -12.8x. Compare with industry peers and growth rates for a complete picture.
Johnson Outdoors Inc.'s current dividend yield is 3.06%.
Johnson Outdoors Inc. has 35.1% gross margin and -2.7% operating margin.
Johnson Outdoors Inc.'s Debt/EBITDA ratio is 11.0x, indicating high leverage. A ratio above 4x may signal elevated financial risk.