Latest Ratios: P/E Ratio -14.3x · EV/EBITDA N/A · ROE -8.1%. (2008–2025 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 | $242M | $252M | $454M | $252M | $209M | $283M | $244M | $333M | $400M | $334M | $279M |
| Enterprise Value | $315M | $325M | $495M | $293M | $314M | $416M | $370M | $441M | $479M | $439M | $370M |
| P/E Ratio → | -14.33 | — | 64.10 | 28.58 | — | — | — | — | 19.72 | 55.60 | 37.87 |
| P/S Ratio | 1.51 | 1.58 | 2.37 | 1.40 | 1.13 | 1.71 | 1.48 | 1.94 | 3.09 | 2.76 | 2.50 |
| P/B Ratio | 1.25 | 1.32 | 2.24 | 1.25 | 1.09 | 1.42 | 1.18 | 1.43 | 1.74 | 2.26 | 2.01 |
| P/FCF | — | — | 53.82 | — | 43.86 | — | — | — | — | 59.89 | — |
| P/OCF | — | — | 25.44 | — | 14.09 | 29.48 | — | 243.67 | 21.72 | 18.09 | 19.50 |
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 | — | 2.03 | 2.58 | 1.63 | 1.70 | 2.50 | 2.25 | 2.57 | 3.70 | 3.62 | 3.31 |
| EV / EBITDA | — | — | 168.63 | 14.51 | 39.53 | 101.16 | — | 215.08 | 28.58 | 23.94 | 25.44 |
| EV / EBIT | — | — | 39.57 | 21.17 | 118.89 | — | — | — | 32.35 | 36.62 | 25.08 |
| EV / FCF | — | — | 58.64 | — | 65.89 | — | — | — | — | 78.64 | — |
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 | -0.3% | -0.3% | 11.2% | 3.4% | 10.6% | 8.0% | 1.7% | 8.5% | 20.9% | 21.4% | 20.1% |
| Operating Margin | -15.1% | -15.1% | -3.2% | 6.0% | -1.2% | -3.7% | -11.2% | -3.8% | 7.3% | 9.8% | 8.2% |
| Net Profit Margin | -10.0% | -10.0% | 4.0% | 5.2% | -0.3% | -2.3% | -10.9% | -3.2% | 15.6% | 5.4% | 7.2% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -8.1% | -8.1% | 3.8% | 4.8% | -0.2% | -1.9% | -8.2% | -2.4% | 10.7% | 4.6% | 5.9% |
| ROA | -5.2% | -5.2% | 2.6% | 2.8% | -0.1% | -1.0% | -4.5% | -1.3% | 5.3% | 2.0% | 2.8% |
| ROIC | -7.1% | -7.1% | -1.9% | 3.0% | -0.5% | -1.4% | -4.1% | -1.5% | 2.5% | 3.7% | 3.0% |
| ROCE | -8.7% | -8.7% | -2.3% | 3.6% | -0.7% | -1.7% | -5.1% | -1.7% | 2.7% | 4.0% | 3.5% |
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 | 0.39 | 0.39 | 0.22 | 0.23 | 0.55 | 0.67 | 0.61 | 0.47 | 0.35 | 0.71 | 0.65 |
| Debt / EBITDA | — | — | 14.89 | 2.25 | 13.32 | 32.33 | — | 53.13 | 4.78 | 5.73 | 6.24 |
| Net Debt / Equity | — | 0.38 | 0.20 | 0.21 | 0.55 | 0.66 | 0.61 | 0.47 | 0.35 | 0.71 | 0.65 |
| Net Debt / EBITDA | — | — | 13.87 | 2.07 | 13.22 | 32.23 | — | 52.83 | 4.74 | 5.71 | 6.24 |
| Debt / FCF | — | — | 4.82 | — | 22.03 | — | — | — | — | 18.75 | — |
| Interest Coverage | -12.53 | -12.53 | 13.02 | 28.05 | 1.15 | -1.77 | -11.91 | -1.89 | 13.20 | 6.74 | 10.29 |
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 | 1.35 | 1.35 | 0.74 | 0.91 | 0.96 | 1.19 | 1.35 | 1.11 | 1.15 | 0.98 | 0.78 |
| Quick Ratio | 1.35 | 1.35 | 0.74 | 0.76 | 0.63 | 0.91 | 1.01 | 0.74 | 0.86 | 0.80 | 0.62 |
| Cash Ratio | 0.05 | 0.05 | 0.09 | 0.11 | 0.02 | 0.01 | 0.02 | 0.02 | 0.02 | 0.02 | 0.00 |
| Asset Turnover | — | 0.50 | 0.64 | 0.60 | 0.50 | 0.42 | 0.42 | 0.43 | 0.31 | 0.36 | 0.37 |
| Inventory Turnover | — | — | — | 36.26 | 12.91 | 15.25 | 15.19 | 13.53 | 13.23 | 23.13 | 23.23 |
| Days Sales Outstanding | — | 46.50 | 33.23 | 35.93 | 39.57 | 38.44 | 36.07 | 41.01 | 48.78 | 34.67 | 39.53 |
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 | 2.3% | 2.1% | 1.2% | 2.1% | 2.5% | 1.9% | 2.2% | 1.6% | 1.0% | 0.9% | 1.0% |
| Payout Ratio | — | — | 70.1% | 57.3% | — | — | — | — | 19.9% | 47.8% | 35.2% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | 1.6% | 3.5% | — | — | — | — | 5.1% | 1.8% | 2.6% |
| FCF Yield | — | — | 1.9% | — | 2.3% | — | — | — | — | 1.7% | — |
| Buyback Yield | 0.8% | 0.8% | 0.5% | 0.2% | 0.7% | 0.2% | 1.5% | 0.2% | 0.0% | 0.1% | 100.0% |
| Total Shareholder Yield | 3.1% | 2.9% | 1.7% | 2.4% | 3.3% | 2.1% | 3.7% | 1.8% | 1.0% | 1.0% | 100.0% |
| Shares Outstanding | — | $18M | $18M | $18M | $18M | $18M | $18M | $18M | $16M | $14M | $14M |
Liquidity and operational insolvency
According to recent market data, Limoneira trades at a P/S of 1.52, a multiple that appears disconnected from the company's negative TTM P/E of -14.43 and the persistent inability of the core agribusiness segment to generate positive operating income without relying on non-recurring land sale gains.
The current valuation suggests that investors are pricing the company as a land bank rather than an operating entity, effectively ignoring the ongoing cash burn. This premium over book value may be unsustainable if the company fails to demonstrate a clear path to profitability through its asset-light transition.
As reported in financial statements, Limoneira's ROIC has trended into negative territory, reaching -1.3% in 2026Q2, which highlights a fundamental failure to generate returns on invested capital that exceed the cost of maintaining the company's extensive agricultural infrastructure and orchard assets.
The consistent decay in ROIC suggests that the company's capital allocation strategy has been ineffective at creating shareholder value. Investors should monitor whether the pivot to an asset-light model can reverse this trend or if the underlying cost structure remains too rigid to support competitive returns.
Based on reported figures, Limoneira's asset turnover has remained stagnant at 0.08 in 2026Q2, reflecting a significant decline from historical levels and suggesting that the company's asset base is becoming increasingly unproductive relative to the shrinking top-line revenue generated by its core farming operations.
The low asset turnover ratio indicates that the company is struggling to optimize its land and packing assets. This inefficiency, combined with the seasonal nature of the business, creates significant pressure on working capital management and limits the company's ability to self-fund its operations.
According to recent SEC filings, the company's current ratio of 1.68 in 2026Q2 masks a precarious cash position, as the firm's reliance on seasonal inventory and receivables leaves it with minimal liquid assets to cover immediate obligations during periods of operational underperformance.
The liquidity position appears vulnerable, particularly given the company's history of negative free cash flow. Without a successful and timely execution of planned land sales, the firm may face significant challenges in meeting its short-term debt obligations and maintaining its current dividend policy.
Investors frequently misapply the Price-to-Book ratio to Limoneira, as the metric fails to account for the significant impairment risk associated with the company's biological assets and the potential for future write-downs if the current negative operating margin trend persists across its primary agricultural segments.
Relying on P/B obscures the reality that the book value of the land may not be realizable in a forced liquidation scenario. A more appropriate focus would be on the company's ability to generate positive cash flow from operations, which is currently the most critical indicator of long-term viability.
Includes 30+ ratios · 18 years · Updated daily
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Quick answers to the most common questions about buying LMNR stock.
Limoneira Company's current P/E ratio is -14.3x. The historical average is 60.0x.
Limoneira Company's return on equity (ROE) is -8.1%. The historical average is 2.0%.
Based on historical data, Limoneira Company is trading at a P/E of -14.3x. Compare with industry peers and growth rates for a complete picture.
Limoneira Company's current dividend yield is 2.28%.
Limoneira Company has -0.3% gross margin and -15.1% operating margin.