Latest Ratios: P/E Ratio 626.2x · EV/EBITDA 12.8x · ROE 0.4%. (1997–2026 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $517M | $464M | $477M | $1.0B | $1.6B | $1.5B | $2.2B | $1.5B | $2.9B | $1.8B | $1.7B |
| Enterprise Value | $988M | $935M | $985M | $1.6B | $2.3B | $2.3B | $3.0B | $2.2B | $3.3B | $2.2B | $2.1B |
| P/E Ratio → | 626.18 | 562.55 | — | 27.67 | 41.47 | 24.51 | 66.24 | 25.77 | 36.51 | 27.92 | 28.16 |
| P/S Ratio | 0.45 | 0.40 | 0.40 | 0.79 | 1.21 | 1.10 | 1.99 | 1.18 | 2.43 | 1.58 | 1.70 |
| P/B Ratio | 0.87 | 0.78 | 0.77 | 1.53 | 2.30 | 1.92 | 2.99 | 2.03 | 4.17 | 2.84 | 2.98 |
| P/FCF | 13.33 | 11.97 | 4.52 | 10.09 | 9.08 | 10.29 | 16.85 | 22.74 | 26.87 | 21.76 | 18.21 |
| P/OCF | 7.34 | 6.59 | 3.61 | 8.03 | 7.43 | 8.64 | 12.14 | 12.26 | 19.06 | 14.74 | 13.35 |
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 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.81 | 0.82 | 1.26 | 1.71 | 1.69 | 2.68 | 1.78 | 2.74 | 1.92 | 2.08 |
| EV / EBITDA | 12.81 | 12.13 | 8.98 | 11.21 | 14.43 | 12.19 | 19.72 | 12.83 | 18.01 | 12.23 | 13.18 |
| EV / EBIT | 63.88 | 60.46 | 75.72 | 22.55 | 28.36 | 22.54 | 41.65 | 21.86 | 25.90 | 16.97 | 18.23 |
| EV / FCF | — | 24.12 | 9.33 | 16.15 | 12.85 | 15.74 | 22.65 | 34.25 | 30.28 | 26.31 | 22.26 |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 35.0% | 35.0% | 34.9% | 35.4% | 34.4% | 35.4% | 35.1% | 37.9% | 38.8% | 38.6% | 38.9% |
| Operating Margin | 1.3% | 1.3% | 3.4% | 5.6% | 6.0% | 7.9% | 6.7% | 8.7% | 10.6% | 11.3% | 11.4% |
| Net Profit Margin | 0.2% | 0.2% | -0.4% | 2.9% | 2.9% | 4.5% | 3.0% | 4.6% | 6.6% | 5.7% | 6.0% |
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 0.4% | 0.4% | -0.8% | 5.6% | 5.3% | 8.0% | 4.6% | 8.1% | 12.0% | 10.6% | 11.0% |
| ROA | 0.1% | 0.1% | -0.3% | 2.2% | 2.1% | 3.3% | 1.8% | 3.5% | 6.3% | 5.3% | 5.6% |
| ROIC | 1.1% | 1.1% | 2.5% | 4.1% | 4.1% | 5.2% | 3.8% | 6.4% | 9.2% | 9.7% | 9.9% |
| ROCE | 1.4% | 1.4% | 3.4% | 5.6% | 5.5% | 7.0% | 4.6% | 7.6% | 12.0% | 12.6% | 12.7% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.82 | 0.82 | 0.85 | 0.93 | 0.96 | 1.03 | 1.07 | 1.50 | 0.54 | 0.60 | 0.68 |
| Debt / EBITDA | 6.30 | 6.30 | 4.83 | 4.25 | 4.27 | 4.26 | 5.25 | 6.29 | 2.06 | 2.12 | 2.46 |
| Net Debt / Equity | — | 0.80 | 0.82 | 0.92 | 0.96 | 1.02 | 1.03 | 1.02 | 0.53 | 0.59 | 0.66 |
| Net Debt / EBITDA | 6.11 | 6.11 | 4.64 | 4.21 | 4.24 | 4.22 | 5.05 | 4.31 | 2.03 | 2.11 | 2.40 |
| Debt / FCF | — | 12.15 | 4.82 | 6.06 | 3.77 | 5.45 | 5.80 | 11.51 | 3.41 | 4.55 | 4.06 |
| Interest Coverage | 0.90 | 0.90 | 0.69 | 3.57 | 3.44 | 4.14 | 2.57 | 3.63 | 4.69 | 5.24 | 5.89 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.46 | 0.46 | 0.53 | 0.56 | 0.58 | 0.76 | 0.92 | 2.34 | 1.10 | 1.07 | 1.07 |
| Quick Ratio | 0.16 | 0.16 | 0.18 | 0.22 | 0.25 | 0.25 | 0.36 | 1.60 | 0.32 | 0.28 | 0.30 |
| Cash Ratio | 0.03 | 0.03 | 0.04 | 0.01 | 0.01 | 0.02 | 0.10 | 1.36 | 0.03 | 0.01 | 0.05 |
| Asset Turnover | — | 0.74 | 0.73 | 0.75 | 0.75 | 0.73 | 0.62 | 0.61 | 0.91 | 0.93 | 0.86 |
| Inventory Turnover | 4.84 | 4.84 | 4.29 | 5.35 | 5.90 | 5.28 | 4.50 | 4.16 | 4.30 | 4.54 | 4.38 |
| Days Sales Outstanding | — | 14.31 | 10.76 | 11.75 | 14.32 | 8.79 | 13.37 | 11.27 | 10.45 | 10.32 | 10.48 |
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 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 6.5% | 7.2% | 7.0% | 3.5% | 2.3% | 2.3% | 1.3% | 2.0% | 0.9% | 1.3% | 1.3% |
| Payout Ratio | 1546.5% | 1546.5% | — | 94.5% | 93.2% | 56.3% | 86.8% | 51.2% | 33.6% | 37.5% | 36.6% |
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 0.2% | 0.2% | — | 3.6% | 2.4% | 4.1% | 1.5% | 3.9% | 2.7% | 3.6% | 3.6% |
| FCF Yield | 7.5% | 8.4% | 22.1% | 9.9% | 11.0% | 9.7% | 5.9% | 4.4% | 3.7% | 4.6% | 5.5% |
| Buyback Yield | 0.0% | 0.0% | 0.1% | 4.4% | 6.1% | 0.1% | 0.3% | 0.4% | 0.5% | 0.0% | 0.0% |
| Total Shareholder Yield | 6.5% | 7.2% | 7.1% | 7.9% | 8.3% | 2.5% | 1.6% | 2.4% | 1.4% | 1.3% | 1.3% |
| Shares Outstanding | — | $30M | $30M | $32M | $33M | $34M | $34M | $34M | $34M | $33M | $33M |
Structural technician labor shortage
According to recent market data, MNRO trades at a trailing P/E of 626.18, which, when contrasted with a forward P/E of 31.52, suggests that investors are pricing in a significant recovery that may not be supported by the company's current negative net margin trajectory.
The extreme disparity between trailing and forward multiples indicates that the market is heavily discounting current earnings volatility while banking on a return to historical profitability. Given the persistent revenue contraction, this valuation appears to rely on an optimistic assumption of operational turnaround that remains unproven in recent quarterly filings.
Based on reported figures, ROIC has trended toward a negligible 0.2% in 2026Q4, reflecting a multi-year decay in the company's ability to generate meaningful returns on its invested capital compared to the 1.3% levels observed in previous periods of higher operational stability.
The consistent decline in ROIC suggests that the company's capital-intensive hub-and-spoke model is failing to produce adequate returns as store-level traffic wanes. This trend warrants further investigation into whether the current asset base is over-capitalized relative to the actual demand for automotive services in its core regional markets.
As reported in financial statements, the cash conversion cycle has shifted to -67 days in 2026Q4, a metric that appears to be driven more by the aggressive stretching of payables than by genuine improvements in inventory turnover or operational efficiency across the store footprint.
While a negative CCC is often viewed as a sign of leverage over suppliers, in this context, it may indicate a reliance on vendor financing to manage liquidity constraints. Investors should monitor whether this reliance on extended DPO becomes a structural risk if supplier terms tighten in response to the company's declining profitability.
Based on the latest quarterly data, the current ratio has compressed to 0.46, which, when combined with a quick ratio of 0.16, suggests that the company possesses minimal liquid assets to cover short-term obligations without relying on external financing or further inventory liquidation.
This liquidity profile leaves the company highly vulnerable to even minor operational disruptions or seasonal demand shortfalls. The lack of a robust cash cushion suggests that management has little room to maneuver if the current trend of negative net margins persists into the coming fiscal year.
Market participants frequently misapply the P/S ratio to MNRO, which obscures the reality that the company is a labor-intensive service provider rather than a high-margin retailer, thereby failing to account for the high fixed-cost burden inherent in its 1,300-store service footprint.
Using P/S as a primary valuation tool ignores the critical impact of technician labor costs and occupancy expenses on the bottom line. A more appropriate focus would be on service-margin-per-bay, which better captures the company's true earning power and sensitivity to the ongoing structural shortage of skilled automotive technicians.
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying MNRO stock.
Monro, Inc.'s current P/E ratio is 626.2x. The historical average is 25.4x. This places it at the 100th percentile of its historical range.
Monro, Inc.'s current EV/EBITDA is 12.8x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 11.1x.
Monro, Inc.'s return on equity (ROE) is 0.4%. The historical average is 10.7%.
Based on historical data, Monro, Inc. is trading at a P/E of 626.2x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Monro, Inc.'s current dividend yield is 6.50% with a payout ratio of 1546.5%.
Monro, Inc. has 35.0% gross margin and 1.3% operating margin.
Monro, Inc.'s Debt/EBITDA ratio is 6.3x, indicating high leverage. A ratio above 4x may signal elevated financial risk.