Latest Ratios: P/E Ratio -1.1x · EV/EBITDA 7.3x · ROE -39.3%. (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 | $1.5B | $1.9B | $3.5B | $4.4B | $4.6B | $5.2B | $6.1B | $7.1B | $5.4B | $12.4B | $11.9B |
| Enterprise Value | $5.0B | $5.4B | $6.6B | $7.7B | $8.3B | $7.0B | $9.2B | $10.1B | $8.1B | $15.1B | $17.1B |
| P/E Ratio → | -1.09 | — | — | — | — | — | — | 48.28 | 40.79 | 103.76 | — |
| P/S Ratio | 0.36 | 0.45 | 0.81 | 0.94 | 1.03 | 1.26 | 1.49 | 1.82 | 1.13 | 2.51 | 2.26 |
| P/B Ratio | 0.53 | 0.66 | 0.82 | 0.91 | 0.95 | 1.01 | 1.08 | 1.21 | 0.95 | 2.01 | 2.00 |
| P/FCF | 10.67 | 13.29 | 14.44 | 14.33 | 21.74 | 1237.39 | 13.07 | 28.20 | 10.93 | 20.37 | 21.74 |
| P/OCF | 6.49 | 8.08 | 9.73 | 10.74 | 14.92 | 33.25 | 9.57 | 18.18 | 9.04 | 17.78 | 18.21 |
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 | — | 1.26 | 1.51 | 1.65 | 1.87 | 1.70 | 2.25 | 2.60 | 1.70 | 3.05 | 3.24 |
| EV / EBITDA | 7.32 | 7.88 | 15.02 | 15.01 | 19.90 | 9.72 | 14.12 | 17.62 | 12.20 | 14.47 | — |
| EV / EBIT | 14.52 | — | 61.55 | 46.38 | 491.65 | 18.31 | 68.72 | 37.92 | 19.19 | 33.28 | — |
| EV / FCF | — | 36.98 | 26.95 | 25.27 | 39.40 | 1672.84 | 19.71 | 40.25 | 16.42 | 24.73 | 31.17 |
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 | 35.1% | 35.1% | 35.3% | 36.1% | 32.7% | 34.2% | 36.6% | 37.0% | 38.7% | 40.0% | 38.9% |
| Operating Margin | 8.1% | 8.1% | 2.6% | 3.3% | 1.8% | 9.9% | 6.5% | 4.5% | 5.0% | 12.1% | -37.9% |
| Net Profit Margin | -33.5% | -33.5% | -3.9% | -0.3% | -3.2% | -1.7% | -4.0% | 3.8% | 2.8% | 2.4% | -76.0% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -39.3% | -39.3% | -3.8% | -0.3% | -2.8% | -1.3% | -2.8% | 2.5% | 2.2% | 2.0% | -50.2% |
| ROA | -15.7% | -15.7% | -1.7% | -0.1% | -1.3% | -0.6% | -1.4% | 1.3% | 1.2% | 0.9% | -24.1% |
| ROIC | 3.7% | 3.7% | 1.1% | 1.4% | 0.8% | 3.9% | 2.3% | 1.5% | 2.1% | 4.5% | -11.2% |
| ROCE | 4.3% | 4.3% | 1.3% | 1.6% | 0.8% | 4.3% | 2.6% | 1.8% | 2.4% | 5.4% | -13.8% |
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 | 1.35 | 1.35 | 0.84 | 0.85 | 0.89 | 0.72 | 0.66 | 0.58 | 0.57 | 0.54 | 0.97 |
| Debt / EBITDA | 5.83 | 5.83 | 8.25 | 7.97 | 10.36 | 5.11 | 5.73 | 5.90 | 4.91 | 3.20 | — |
| Net Debt / Equity | — | 1.17 | 0.71 | 0.70 | 0.77 | 0.36 | 0.55 | 0.52 | 0.47 | 0.43 | 0.87 |
| Net Debt / EBITDA | 5.05 | 5.05 | 6.97 | 6.50 | 8.92 | 2.53 | 4.76 | 5.28 | 4.08 | 2.55 | — |
| Debt / FCF | — | 23.69 | 12.51 | 10.94 | 17.66 | 435.45 | 6.64 | 12.05 | 5.49 | 4.36 | 9.43 |
| Interest Coverage | -6.99 | -6.99 | 0.57 | 0.95 | 0.11 | 3.07 | 1.05 | 2.10 | 3.25 | 2.62 | -21.16 |
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 | 2.76 | 2.76 | 2.38 | 1.79 | 2.44 | 2.43 | 2.27 | 2.04 | 1.89 | 1.96 | 1.53 |
| Quick Ratio | 1.63 | 1.63 | 1.34 | 1.07 | 1.41 | 1.79 | 1.50 | 1.32 | 1.32 | 1.40 | 1.09 |
| Cash Ratio | 0.52 | 0.52 | 0.54 | 0.47 | 0.54 | 1.17 | 0.46 | 0.27 | 0.36 | 0.47 | 0.34 |
| Asset Turnover | — | 0.50 | 0.45 | 0.43 | 0.40 | 0.40 | 0.36 | 0.34 | 0.43 | 0.43 | 0.38 |
| Inventory Turnover | 2.40 | 2.40 | 2.62 | 2.61 | 2.60 | 2.67 | 2.45 | 2.52 | 3.30 | 3.68 | 4.06 |
| Days Sales Outstanding | — | 52.59 | 53.61 | 57.98 | 57.16 | 57.58 | 52.99 | 117.26 | 82.78 | 83.45 | 81.29 |
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 | 10.3% | 8.3% | 4.3% | 3.4% | 3.1% | 2.5% | 2.0% | 1.6% | 2.0% | 0.7% | 0.7% |
| Payout Ratio | — | — | — | — | — | — | — | 76.9% | 80.1% | 76.2% | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | — | — | 2.1% | 2.5% | 1.0% | — |
| FCF Yield | 9.4% | 7.5% | 6.9% | 7.0% | 4.6% | 0.1% | 7.7% | 3.5% | 9.2% | 4.9% | 4.6% |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 2.7% | 0.0% | 7.5% | 1.5% | 0.0% |
| Total Shareholder Yield | 10.3% | 8.3% | 4.3% | 3.4% | 3.1% | 2.5% | 4.7% | 1.6% | 9.4% | 2.3% | 0.7% |
| Shares Outstanding | — | $139M | $137M | $135M | $135M | $134M | $136M | $137M | $138M | $143M | $143M |
Eroding equity and leverage
According to current market data, Perrigo's negative TTM P/E and low P/S of 0.32 suggest that investors are heavily discounting the company's future earnings potential, likely due to the persistent operational volatility and the significant non-cash charges that have recently obscured the firm's true underlying valuation.
The forward P/E of 4.70 implies that the market expects a return to profitability, yet this valuation remains highly speculative given the company's history of earnings misses. Compared to branded peers like Haleon, the deep discount in Perrigo's valuation suggests that the market views the private label business model as structurally inferior or overly exposed to retail inventory cycles.
As reported in financial statements, Perrigo's ROIC has trended into negative territory, reaching -4.5% in 2026Q1, which indicates that the company is currently failing to generate returns on invested capital that exceed its cost of capital, a sharp reversal from the marginal positive returns observed in 2025.
The consistent decay in ROIC suggests that recent acquisitions and capital expenditures have not yet yielded the expected synergies, potentially leading to future impairment risks. Investors should monitor whether the company can stabilize its asset base, as the current trend indicates a significant destruction of shareholder value rather than compounding.
Based on Perrigo's reported figures, the cash conversion cycle has expanded to 152 days in 2026Q1, driven by high inventory days of 153, which suggests that the company is struggling to manage its supply chain efficiency relative to its historical performance and industry benchmarks.
The elevated inventory levels relative to sales turnover indicate potential overproduction or a mismatch between manufacturing output and retail demand. This inefficiency directly ties up capital that could otherwise be used to service debt, further straining the company's liquidity position during this period of operational transition.
According to recent quarterly filings, Perrigo's debt-to-equity ratio has climbed to 1.52, reflecting a significant increase in financial leverage that, when combined with negative interest coverage of -9.12, suggests that the company's ability to service its debt obligations is becoming increasingly precarious under current operating conditions.
The rapid rise in leverage, coupled with the erosion of the equity base, leaves the company with little margin for error in its debt covenants. Investors should be wary of the company's reliance on external financing, as the current interest coverage profile indicates that operating income is insufficient to cover debt service costs.
Data from recent filings reveals that the P/E ratio is a fundamentally flawed metric for evaluating Perrigo, as the company's frequent restructuring charges and non-cash impairments create extreme volatility in net income that fails to represent the core cash-generating capacity of its manufacturing assets.
Analysts should instead focus on EV/EBITDA or free cash flow yield to better understand the underlying operational performance, as these metrics are less susceptible to the accounting noise that currently plagues the bottom line. Relying on P/E in this context likely leads to a distorted view of the company's true economic health.
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying PRGO stock.
Perrigo Company plc's current P/E ratio is -1.1x. The historical average is 33.3x.
Perrigo Company plc's current EV/EBITDA is 7.3x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 14.0x.
Perrigo Company plc's return on equity (ROE) is -39.3%. The historical average is 2.0%.
Based on historical data, Perrigo Company plc is trading at a P/E of -1.1x. Compare with industry peers and growth rates for a complete picture.
Perrigo Company plc's current dividend yield is 10.28%.
Perrigo Company plc has 35.1% gross margin and 8.1% operating margin.
Perrigo Company plc's Debt/EBITDA ratio is 5.8x, indicating high leverage. A ratio above 4x may signal elevated financial risk.