Latest Ratios: P/E Ratio 25.3x · EV/EBITDA 20.4x · ROE 13.0%. (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 | $9.3B | $6.0B | $4.7B | $3.1B | $2.3B | $3.3B | — | — |
| Enterprise Value | $15.9B | $12.5B | $8.6B | $7.3B | $6.3B | $7.0B | — | — |
| P/E Ratio → | 25.27 | 16.01 | 29.89 | 40.76 | — | — | — | — |
| P/S Ratio | 3.12 | 2.00 | 1.78 | 1.39 | 1.27 | 2.52 | — | — |
| P/B Ratio | 3.03 | 1.92 | 1.79 | 1.36 | 1.09 | 1.59 | — | — |
| P/FCF | — | — | 92.34 | — | — | — | — | — |
| P/OCF | 10.73 | 6.89 | 8.12 | 6.64 | 11.52 | — | — | — |
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 | — | 4.18 | 3.30 | 3.30 | 3.47 | 5.35 | — | — |
| EV / EBITDA | 20.39 | 16.09 | 13.68 | 15.56 | 18.63 | — | — | — |
| EV / EBIT | 32.94 | 25.99 | 24.19 | 32.44 | 57.18 | — | — | — |
| EV / FCF | — | — | 170.96 | — | — | — | — | — |
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 | 47.6% | 47.6% | 46.9% | 46.6% | 41.4% | 36.0% | 30.4% | 45.2% |
| Operating Margin | 16.1% | 16.1% | 13.6% | 10.2% | 6.1% | -37.6% | -37.9% | 8.9% |
| Net Profit Margin | 12.5% | 12.5% | 6.0% | 3.4% | -0.1% | -44.0% | -38.0% | 1.6% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| ROE | 13.0% | 13.0% | 6.4% | 3.5% | -0.1% | -32.4% | -22.3% | 1.7% |
| ROA | 4.7% | 4.7% | 2.2% | 1.1% | -0.0% | -9.4% | -5.9% | 0.5% |
| ROIC | 4.4% | 4.4% | 4.1% | 2.7% | 1.4% | -6.6% | -4.9% | 2.3% |
| ROCE | 6.5% | 6.5% | 5.5% | 3.6% | 1.8% | -8.7% | -6.3% | 2.9% |
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 | 2.16 | 2.16 | 1.53 | 1.89 | 1.90 | 1.80 | 2.74 | 2.16 |
| Debt / EBITDA | 8.68 | 8.68 | 6.31 | 9.07 | 11.89 | — | — | 9.71 |
| Net Debt / Equity | — | 2.08 | 1.52 | 1.88 | 1.89 | 1.78 | 2.72 | 2.13 |
| Net Debt / EBITDA | 8.38 | 8.38 | 6.29 | 9.01 | 11.81 | — | — | 9.59 |
| Debt / FCF | — | — | 78.61 | — | — | — | — | — |
| Interest Coverage | — | — | 2.41 | 1.72 | 0.97 | -2.21 | -2.80 | 1.30 |
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 | 0.63 | 0.63 | 0.33 | 0.31 | 0.29 | 0.32 | 0.37 | 0.54 |
| Quick Ratio | 0.52 | 0.52 | 0.21 | 0.22 | 0.19 | 0.22 | 0.29 | 0.43 |
| Cash Ratio | 0.38 | 0.38 | 0.02 | 0.05 | 0.06 | 0.08 | 0.07 | 0.12 |
| Asset Turnover | — | 0.34 | 0.37 | 0.32 | 0.28 | 0.21 | 0.16 | 0.31 |
| Inventory Turnover | 23.20 | 23.20 | 23.10 | 22.43 | 23.40 | 20.58 | 18.20 | 23.50 |
| Days Sales Outstanding | — | 4.43 | 5.36 | 9.76 | 4.61 | 6.91 | 8.23 | 11.21 |
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 | 4.0% | 6.2% | 3.3% | 2.5% | — | — | — | — |
| FCF Yield | — | — | 1.1% | — | — | — | — | — |
| Buyback Yield | 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% | — | — |
| Shares Outstanding | — | $225M | $211M | $204M | $194M | $193M | $191M | $191M |
High capital intensity leverage
According to current market data, LTH trades at a forward EV/EBITDA of 33.24, a significant premium that appears to price in aggressive future expansion rather than the reality of its current 20.12 TTM EV/EBITDA multiple and decelerating revenue growth trends observed in recent quarterly filings.
The valuation suggests investors are assigning a 'lifestyle brand' premium to the company, yet this multiple may be difficult to justify given the high capital intensity required to maintain its physical footprint. The disconnect between current earnings and forward expectations warrants caution, as any failure to meet aggressive center maturation targets could lead to a sharp multiple contraction.
Based on reported figures, LTH's ROIC has struggled to gain traction, hovering between 0.7% and 1.5% over the last ten quarters, which indicates that the company is currently failing to generate returns on invested capital that exceed its likely cost of capital for its massive suburban developments.
The persistent low ROIC suggests that the company's aggressive expansion strategy is not yet translating into efficient compounding of shareholder value. Investors should monitor whether the maturation of newer centers can eventually drive these returns higher, or if the high fixed-cost base will continue to suppress capital efficiency indefinitely.
As reported in financial statements, LTH's cash conversion cycle has shown extreme volatility, swinging from -92 days in 2026Q1 to positive territory in previous periods, which suggests that the company's working capital management is highly sensitive to the timing of membership dues and large-scale operational payables.
The negative CCC in recent quarters may appear favorable, but it likely reflects the front-loading of membership revenue rather than operational efficiency. This reliance on deferred revenue to fund short-term obligations creates a structural vulnerability that could be exposed if new member acquisition rates were to slow down unexpectedly.
According to recent SEC filings, LTH's interest coverage ratio has fluctuated significantly, reaching a low of 1.69 in 2023Q4 and only recovering to 8.59 in 2026Q1, highlighting a persistent sensitivity to interest expense that remains a primary risk factor for the company's long-term financial stability.
The volatility in interest coverage suggests that the company's ability to service its debt is highly dependent on maintaining peak operational performance across its center portfolio. Given the capital-intensive nature of the business, any sustained increase in interest rates or a dip in center-level profitability could rapidly tighten the company's financial flexibility.
Data from the provided financial statements suggests that the market's reliance on EV/EBITDA as the primary valuation metric for LTH is fundamentally flawed, as it ignores the massive, recurring capital expenditures required to maintain the 'luxury' standard of its aging physical assets and suburban real estate portfolio.
By focusing on EBITDA, investors overlook the 'maintenance treadmill' where depreciation and amortization are poor proxies for the actual cash cost of keeping facilities competitive. A more appropriate metric would be EV/Free Cash Flow, which would better capture the true economic reality of the company's capital-heavy business model.
Includes 30+ ratios · 7 years · Updated daily
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Quick answers to the most common questions about buying LTH stock.
Life Time Group Holdings, Inc.'s current P/E ratio is 25.3x. The historical average is 28.9x. This places it at the 33th percentile of its historical range.
Life Time Group Holdings, Inc.'s current EV/EBITDA is 20.4x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 16.0x.
Life Time Group Holdings, Inc.'s return on equity (ROE) is 13.0%. The historical average is -4.3%.
Based on historical data, Life Time Group Holdings, Inc. is trading at a P/E of 25.3x. This is at the 33th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Life Time Group Holdings, Inc. has 47.6% gross margin and 16.1% operating margin. Operating margin between 10-20% is typical for established companies.
Life Time Group Holdings, Inc.'s Debt/EBITDA ratio is 8.7x, indicating high leverage. A ratio above 4x may signal elevated financial risk.