Latest Ratios: P/E Ratio 29.2x · EV/EBITDA 20.3x · 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 | $72.5B | $78.1B | $66.3B | $55.2B | $52.2B | $46.8B | $32.1B | $32.5B | $27.0B | $20.5B | $25.6B |
| Enterprise Value | $80.8B | $86.4B | $74.1B | $62.8B | $58.7B | $52.3B | $37.8B | $38.3B | $30.4B | $23.4B | $27.4B |
| P/E Ratio → | 29.18 | 30.71 | 29.17 | 23.55 | 24.05 | 21.60 | 18.28 | 23.38 | 20.32 | 18.02 | 24.75 |
| P/S Ratio | 4.08 | 4.39 | 3.97 | 3.49 | 3.62 | 3.51 | 2.77 | 3.20 | 2.83 | 2.28 | 2.98 |
| P/B Ratio | — | — | — | — | — | — | 228.82 | 81.72 | 76.31 | 31.40 | 15.76 |
| P/FCF | 45.51 | 49.00 | 32.72 | 27.22 | 20.20 | 16.94 | 13.54 | 30.05 | 22.06 | 21.87 | 24.79 |
| P/OCF | 26.25 | 28.27 | 21.74 | 18.19 | 16.59 | 14.60 | 11.31 | 19.01 | 15.62 | 14.61 | 16.98 |
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 | — | 4.86 | 4.43 | 3.97 | 4.07 | 3.93 | 3.26 | 3.77 | 3.19 | 2.61 | 3.19 |
| EV / EBITDA | 20.34 | 21.74 | 19.95 | 17.44 | 17.67 | 16.06 | 13.81 | 17.46 | 14.64 | 11.96 | 14.28 |
| EV / EBIT | 23.35 | 24.85 | 22.67 | 19.57 | 19.84 | 17.88 | 15.57 | 19.84 | 16.72 | 13.56 | 16.03 |
| EV / FCF | — | 54.21 | 36.56 | 30.95 | 22.69 | 18.93 | 15.94 | 35.44 | 24.83 | 25.00 | 26.48 |
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 | 51.6% | 51.6% | 51.2% | 51.3% | 51.2% | 52.7% | 52.4% | 53.1% | 52.8% | 52.6% | 52.5% |
| Operating Margin | 19.5% | 19.5% | 19.5% | 20.2% | 20.6% | 22.0% | 20.9% | 18.9% | 19.0% | 19.2% | 19.8% |
| Net Profit Margin | 14.3% | 14.3% | 14.3% | 14.8% | 15.1% | 16.2% | 15.1% | 13.7% | 13.9% | 12.6% | 12.1% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | — | — | — | — | — | 5863.6% | 651.9% | 370.4% | 263.1% | 99.4% | 57.8% |
| ROA | 16.2% | 16.2% | 16.6% | 17.7% | 17.8% | 18.6% | 15.7% | 14.9% | 17.0% | 15.3% | 15.0% |
| ROIC | 37.2% | 37.2% | 39.8% | 42.7% | 41.1% | 39.0% | 30.1% | 29.0% | 37.2% | 37.2% | 38.6% |
| ROCE | 48.2% | 48.2% | 50.7% | 54.2% | 51.9% | 48.1% | 38.5% | 37.2% | 45.3% | 44.7% | 45.7% |
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 | — | — | — | — | — | — | 43.95 | 14.75 | 9.66 | 4.56 | 1.16 |
| Debt / EBITDA | 2.14 | 2.14 | 2.13 | 2.18 | 1.97 | 1.80 | 2.25 | 2.67 | 1.65 | 1.52 | 0.98 |
| Net Debt / Equity | — | — | — | — | — | — | 40.63 | 14.65 | 9.57 | 4.49 | 1.07 |
| Net Debt / EBITDA | 2.09 | 2.09 | 2.10 | 2.10 | 1.94 | 1.69 | 2.08 | 2.65 | 1.63 | 1.50 | 0.91 |
| Debt / FCF | — | 5.21 | 3.84 | 3.73 | 2.49 | 1.99 | 2.40 | 5.39 | 2.77 | 3.13 | 1.68 |
| Interest Coverage | 14.78 | 14.78 | 14.68 | 15.90 | 18.74 | 20.22 | 15.07 | 13.79 | 14.87 | 18.93 | 24.08 |
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 | 0.77 | 0.77 | 0.71 | 0.73 | 0.71 | 0.77 | 0.86 | 0.86 | 0.91 | 0.93 | 0.96 |
| Quick Ratio | 0.12 | 0.12 | 0.09 | 0.12 | 0.10 | 0.14 | 0.16 | 0.08 | 0.09 | 0.11 | 0.14 |
| Cash Ratio | 0.02 | 0.02 | 0.02 | 0.04 | 0.02 | 0.06 | 0.09 | 0.01 | 0.01 | 0.01 | 0.04 |
| Asset Turnover | — | 1.08 | 1.12 | 1.14 | 1.14 | 1.14 | 1.00 | 0.95 | 1.19 | 1.19 | 1.19 |
| Inventory Turnover | 1.50 | 1.50 | 1.60 | 1.65 | 1.61 | 1.71 | 1.51 | 1.38 | 1.41 | 1.41 | 1.47 |
| Days Sales Outstanding | — | 11.28 | 10.83 | 11.90 | 11.91 | 10.56 | 10.39 | 10.59 | 10.34 | 11.89 | 11.87 |
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 | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 3.4% | 3.3% | 3.4% | 4.2% | 4.2% | 4.6% | 5.5% | 4.3% | 4.9% | 5.5% | 4.0% |
| FCF Yield | 2.2% | 2.0% | 3.1% | 3.7% | 5.0% | 5.9% | 7.4% | 3.3% | 4.5% | 4.6% | 4.0% |
| Buyback Yield | 2.9% | 2.7% | 3.1% | 5.7% | 6.3% | 5.3% | 6.5% | 4.4% | 6.4% | 10.6% | 5.9% |
| Total Shareholder Yield | 2.9% | 2.7% | 3.1% | 5.7% | 6.3% | 5.3% | 6.5% | 4.4% | 6.4% | 10.6% | 5.9% |
| Shares Outstanding | — | $856M | $839M | $871M | $928M | $994M | $1.1B | $1.1B | $1.2B | $1.3B | $1.4B |
Long-term EV adoption headwinds
According to current market data, ORLY trades at a 30.15x TTM P/E ratio, which represents a significant premium to peers like AutoZone, suggesting that investors are pricing in the company's consistent ability to deliver superior comparable store sales growth and effective capital allocation through aggressive share repurchases.
The current valuation implies high expectations for continued market share gains in the professional segment. While the PEG ratio of 2.42 indicates that the stock is not cheap on a growth-adjusted basis, the market appears to reward the company's historical consistency and its ability to maintain high margins despite broader retail sector volatility.
As reported in financial statements, ORLY has maintained an ROIC in the 8.4% to 11.1% range over the last ten quarters, demonstrating a disciplined approach to deploying capital into its hub-and-spoke distribution network while simultaneously reducing the share count through persistent, debt-funded buyback programs.
The stability of these returns suggests that management is successfully balancing the high capital intensity of its store footprint with the need to generate value above its cost of capital. Investors should monitor whether future ROIC trends remain resilient as the company expands its footprint in Mexico and faces potential shifts in the automotive parts landscape.
Based on the provided figures, ORLY maintains a negative cash conversion cycle, reaching -46 days in 2026Q1, which highlights the company's structural advantage in utilizing supplier credit to finance its inventory base before the underlying parts are sold to professional or retail customers.
This negative CCC is a critical component of the company's cash flow generation, effectively turning inventory into a source of financing rather than a drain on liquidity. The consistency of this metric across the observed period suggests that the company holds significant leverage over its supply chain, allowing it to optimize working capital even during periods of inventory expansion.
As disclosed in recent financial statements, the P/B ratio is effectively rendered meaningless by the company's long-standing strategy of aggressive share repurchases, which has resulted in negative shareholders' equity, a trend that often leads analysts to incorrectly label the balance sheet as distressed.
Investors should avoid using price-to-book as a valuation tool for this business model, as it fails to account for the massive intangible value of the distribution network and the intentional reduction of equity. Instead, analysts should focus on free cash flow yield and ROIC to assess the true economic health and value-creation capacity of the firm.
Includes 30+ ratios · 30 years · Updated daily
DCF models, multiple analysis, and analyst estimates.
10-year return with dividends reinvested.
See how regular investing compounds over time.
Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying ORLY stock.
O'Reilly Automotive, Inc.'s current P/E ratio is 29.2x. The historical average is 22.0x. This places it at the 93th percentile of its historical range.
O'Reilly Automotive, Inc.'s current EV/EBITDA is 20.3x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 13.0x.
Based on historical data, O'Reilly Automotive, Inc. is trading at a P/E of 29.2x. This is at the 93th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
O'Reilly Automotive, Inc. has 51.6% gross margin and 19.5% operating margin. Operating margin between 10-20% is typical for established companies.
O'Reilly Automotive, Inc.'s Debt/EBITDA ratio is 2.1x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.