Latest Ratios: P/E Ratio 53.0x · EV/EBITDA 17.0x · ROE 7.9%. (2013–2025 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 | $18.1B | $13.7B | $10.3B | $9.4B | $7.2B | $6.4B | $3.2B | $4.2B | $3.8B | $2.8B | $2.6B |
| Enterprise Value | $26.1B | $21.6B | $15.3B | $14.1B | $12.1B | $9.4B | $5.7B | $5.5B | $5.0B | $4.1B | $3.8B |
| P/E Ratio → | 52.98 | 40.12 | 23.70 | 23.72 | 63.97 | 154.81 | — | 25.18 | 19.32 | 29.46 | 38.46 |
| P/S Ratio | 0.29 | 0.22 | 0.18 | 0.16 | 0.14 | 0.21 | 0.13 | 0.21 | 0.22 | 0.17 | 0.16 |
| P/B Ratio | 4.04 | 3.06 | 2.50 | 2.51 | 2.17 | 3.04 | 1.57 | 3.24 | 3.38 | 3.05 | 3.29 |
| P/FCF | 25.77 | 19.43 | 13.44 | 16.72 | 117.42 | — | 6.77 | 23.62 | 16.92 | 45.91 | 24.28 |
| P/OCF | 14.99 | 11.31 | 8.87 | 11.30 | 25.90 | 99.10 | 5.05 | 13.27 | 10.46 | 14.00 | 11.56 |
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 | — | 0.34 | 0.26 | 0.25 | 0.24 | 0.31 | 0.23 | 0.28 | 0.28 | 0.25 | 0.23 |
| EV / EBITDA | 16.99 | 14.08 | 11.04 | 11.20 | 15.37 | 17.40 | 32.43 | 12.65 | 13.07 | 12.20 | 11.77 |
| EV / EBIT | 31.93 | 26.46 | 18.42 | 18.55 | 34.71 | 45.34 | — | 19.55 | 19.75 | 19.34 | 19.03 |
| EV / FCF | — | 30.67 | 19.90 | 25.13 | 199.15 | — | 12.35 | 31.11 | 22.10 | 66.87 | 34.71 |
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 | 11.7% | 11.7% | 11.3% | 10.9% | 10.3% | 11.6% | 11.4% | 12.7% | 13.0% | 12.7% | 12.5% |
| Operating Margin | 1.3% | 1.3% | 1.4% | 1.3% | 0.6% | 0.7% | -0.4% | 1.4% | 1.4% | 1.3% | 1.3% |
| Net Profit Margin | 0.5% | 0.5% | 0.7% | 0.7% | 0.2% | 0.1% | -0.5% | 0.8% | 1.1% | 0.6% | 0.4% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 7.9% | 7.9% | 11.1% | 11.3% | 4.2% | 2.0% | -6.9% | 13.7% | 19.3% | 11.1% | 10.5% |
| ROA | 2.2% | 2.2% | 3.4% | 3.2% | 1.1% | 0.5% | -1.8% | 3.9% | 5.1% | 2.7% | 2.0% |
| ROIC | 5.7% | 5.7% | 7.1% | 6.9% | 3.7% | 3.1% | -2.1% | 8.6% | 8.4% | 7.6% | 7.9% |
| ROCE | 7.1% | 7.1% | 8.9% | 8.7% | 4.7% | 3.9% | -2.5% | 10.3% | 10.2% | 9.3% | 9.6% |
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 | 1.79 | 1.79 | 1.21 | 1.27 | 1.51 | 1.42 | 1.50 | 1.04 | 1.04 | 1.40 | 1.43 |
| Debt / EBITDA | 5.21 | 5.21 | 3.60 | 3.76 | 6.32 | 5.56 | 17.03 | 3.08 | 3.09 | 3.85 | 3.57 |
| Net Debt / Equity | — | 1.77 | 1.20 | 1.26 | 1.51 | 1.42 | 1.29 | 1.03 | 1.04 | 1.39 | 1.41 |
| Net Debt / EBITDA | 5.16 | 5.16 | 3.58 | 3.75 | 6.31 | 5.54 | 14.66 | 3.05 | 3.07 | 3.83 | 3.54 |
| Debt / FCF | — | 11.24 | 6.46 | 8.41 | 81.73 | — | 5.58 | 7.49 | 5.19 | 20.97 | 10.43 |
| Interest Coverage | 2.28 | 2.28 | 3.57 | 3.50 | 1.91 | 1.36 | -0.90 | 4.34 | 4.21 | 3.87 | 2.36 |
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 | 1.58 | 1.58 | 1.64 | 1.71 | 1.66 | 1.42 | 1.32 | 1.57 | 1.50 | 1.51 | 1.47 |
| Quick Ratio | 0.72 | 0.72 | 0.76 | 0.75 | 0.71 | 0.69 | 0.73 | 0.77 | 0.78 | 0.77 | 0.77 |
| Cash Ratio | 0.02 | 0.02 | 0.01 | 0.00 | 0.00 | 0.00 | 0.16 | 0.01 | 0.01 | 0.01 | 0.01 |
| Asset Turnover | — | 3.54 | 4.35 | 4.58 | 4.11 | 3.87 | 3.25 | 4.24 | 4.40 | 4.41 | 4.66 |
| Inventory Turnover | 14.37 | 14.37 | 15.60 | 15.04 | 13.31 | 14.61 | 14.34 | 12.70 | 14.57 | 14.44 | 15.33 |
| Days Sales Outstanding | — | 16.89 | 15.97 | 15.56 | 16.79 | 19.57 | 20.59 | 22.91 | 22.07 | 22.40 | 21.94 |
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 | — | — | — | — | — | — | — | — | — | — | — |
| 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 | 1.9% | 2.5% | 4.2% | 4.2% | 1.6% | 0.6% | — | 4.0% | 5.2% | 3.4% | 2.6% |
| FCF Yield | 3.9% | 5.1% | 7.4% | 6.0% | 0.9% | — | 14.8% | 4.2% | 5.9% | 2.2% | 4.1% |
| Buyback Yield | 0.4% | 0.6% | 1.0% | 0.3% | 0.2% | 0.1% | 0.4% | 0.4% | 0.7% | 0.1% | 0.0% |
| Total Shareholder Yield | 0.4% | 0.6% | 1.0% | 0.3% | 0.2% | 0.1% | 0.4% | 0.4% | 0.7% | 0.1% | 0.0% |
| Shares Outstanding | — | $156M | $156M | $156M | $151M | $133M | $113M | $105M | $105M | $103M | $98M |
High leverage and goodwill
Based on current market data, PFGC trades at a TTM P/E of 50.66, which appears elevated relative to its historical averages and peer group, suggesting that investors are pricing in significant future margin expansion that has yet to materialize in the reported financial results.
The forward P/E of 23.91 indicates that the market expects a substantial earnings recovery, yet this valuation remains sensitive to the company's ability to improve its thin net margins. Compared to Sysco, which trades at a lower EV/EBITDA multiple, PFGC's premium valuation warrants caution given the execution risks inherent in its M&A-heavy growth strategy.
As reported in recent financial statements, PFGC's ROIC has remained suppressed, hovering between 0.9% and 2.4% over the last ten quarters, which indicates that the company is struggling to generate meaningful returns on the capital deployed for its aggressive acquisition-led expansion strategy.
The persistent gap between the cost of capital and these low returns suggests that the company's inorganic growth may be diluting shareholder value rather than compounding it. Investors should monitor whether management can shift focus toward operational efficiency to drive higher returns on invested capital rather than relying on balance sheet expansion.
According to quarterly data, PFGC's asset turnover has trended downward from 1.16 in 2024Q4 to 0.89 in 2026Q3, reflecting a potential decline in the efficiency with which the company utilizes its expanding asset base to generate top-line revenue across its diverse distribution segments.
The cash conversion cycle remains volatile, suggesting that the company's ability to manage its inventory and payables is heavily influenced by the integration of large-scale acquisitions. This trend warrants further investigation into whether the company's logistics infrastructure is becoming less efficient as it scales through consolidation.
Based on reported figures, PFGC's debt-to-equity ratio has fluctuated significantly, reaching 1.67 in 2026Q3, which indicates that the company's reliance on debt to fund its growth strategy has created a strained balance sheet profile that is increasingly sensitive to interest rate volatility.
With interest coverage ratios showing recent weakness, the company's ability to service its debt load appears less comfortable than in previous periods. The high level of debt relative to equity suggests that any downturn in the foodservice sector could place significant pressure on the company's financial flexibility.
The P/E ratio is frequently misapplied to PFGC, as it obscures the impact of non-cash charges and the significant influence of tobacco excise taxes on reported earnings, which can lead to a distorted view of the company's true economic earning power and operational health.
Analysts should instead focus on EV/EBITDA or adjusted free cash flow metrics to better account for the company's capital structure and the pass-through nature of its convenience segment revenue. Relying solely on P/E ignores the structural margin limitations and the volatility introduced by the company's aggressive M&A activity.
Includes 30+ ratios · 13 years · Updated daily
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Quick answers to the most common questions about buying PFGC stock.
Performance Food Group Company's current P/E ratio is 53.0x. The historical average is 46.5x. This places it at the 78th percentile of its historical range.
Performance Food Group Company's current EV/EBITDA is 17.0x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 15.1x.
Performance Food Group Company's return on equity (ROE) is 7.9%. The historical average is 7.8%.
Based on historical data, Performance Food Group Company is trading at a P/E of 53.0x. This is at the 78th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Performance Food Group Company has 11.7% gross margin and 1.3% operating margin.
Performance Food Group Company's Debt/EBITDA ratio is 5.2x, indicating high leverage. A ratio above 4x may signal elevated financial risk.