Latest Ratios: P/E Ratio 40.3x · EV/EBITDA 18.7x · ROE 12.2%. (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 | $6.0B | $3.2B | $2.7B | $2.4B | $1.9B | $2.6B | $2.0B | $1.8B | $2.6B | $2.4B | $2.5B |
| Enterprise Value | $6.1B | $3.3B | $2.8B | $2.5B | $2.0B | $2.6B | $2.0B | $1.8B | $2.6B | $2.4B | $2.4B |
| P/E Ratio → | 40.27 | 22.25 | 19.60 | 22.71 | 18.72 | 26.61 | 25.78 | 24.97 | 35.16 | 27.27 | 28.61 |
| P/S Ratio | 1.14 | 0.61 | 0.55 | 0.55 | 0.48 | 0.71 | 0.60 | 0.57 | 0.83 | 0.81 | 0.86 |
| P/B Ratio | 4.68 | 2.59 | 2.40 | 2.21 | 1.95 | 2.81 | 2.39 | 2.29 | 3.45 | 3.44 | 3.92 |
| P/FCF | 58.12 | 31.25 | 68.90 | 21.31 | 1656.17 | 183.85 | 12.52 | 60.28 | 122.53 | — | 40.22 |
| P/OCF | 22.95 | 12.34 | 12.96 | 9.51 | 15.89 | 20.23 | 7.67 | 10.71 | 21.90 | 19.86 | 17.88 |
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 | — | 0.63 | 0.57 | 0.56 | 0.49 | 0.73 | 0.61 | 0.56 | 0.83 | 0.80 | 0.83 |
| EV / EBITDA | 18.73 | 10.18 | 9.18 | 9.11 | 8.33 | 11.73 | 10.88 | 10.46 | 14.35 | 12.82 | 13.54 |
| EV / EBIT | 25.73 | 15.14 | 13.13 | 13.79 | 11.92 | 17.08 | 16.33 | 15.81 | 21.24 | 17.08 | 17.54 |
| EV / FCF | — | 32.00 | 72.09 | 21.64 | 1693.51 | 188.51 | 12.71 | 60.10 | 122.96 | — | 38.70 |
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 | 17.4% | 17.4% | 17.2% | 17.2% | 16.7% | 17.7% | 16.6% | 16.4% | 16.1% | 16.0% | 15.7% |
| Operating Margin | 4.5% | 4.5% | 4.6% | 4.5% | 4.2% | 4.4% | 3.7% | 3.7% | 4.1% | 4.7% | 4.7% |
| Net Profit Margin | 2.7% | 2.7% | 2.8% | 2.4% | 2.5% | 2.7% | 2.3% | 2.2% | 2.3% | 3.0% | 3.0% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 12.2% | 12.2% | 12.3% | 10.3% | 10.8% | 11.1% | 9.5% | 9.3% | 10.0% | 13.3% | 14.5% |
| ROA | 6.8% | 6.8% | 6.8% | 5.7% | 5.9% | 5.8% | 5.2% | 5.8% | 6.1% | 7.9% | 8.4% |
| ROIC | 13.8% | 13.8% | 14.0% | 13.8% | 12.6% | 13.0% | 11.3% | 11.4% | 13.8% | 17.5% | 19.7% |
| ROCE | 16.4% | 16.4% | 16.5% | 15.4% | 14.1% | 14.1% | 12.6% | 13.6% | 15.5% | 18.1% | 19.9% |
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 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.26 | 0.26 | 0.22 | 0.25 | 0.28 | 0.29 | 0.40 | 0.12 | 0.14 | 0.15 | 0.16 |
| Debt / EBITDA | 1.01 | 1.01 | 0.81 | 1.02 | 1.18 | 1.19 | 1.78 | 0.56 | 0.56 | 0.57 | 0.59 |
| Net Debt / Equity | — | 0.06 | 0.11 | 0.03 | 0.04 | 0.07 | 0.04 | -0.01 | 0.01 | -0.08 | -0.15 |
| Net Debt / EBITDA | 0.24 | 0.24 | 0.41 | 0.14 | 0.18 | 0.29 | 0.16 | -0.03 | 0.05 | -0.30 | -0.53 |
| Debt / FCF | — | 0.75 | 3.18 | 0.33 | 37.34 | 4.66 | 0.19 | -0.18 | 0.43 | — | -1.53 |
| Interest Coverage | 18.93 | 18.93 | 16.54 | 16.35 | 17.28 | 21.41 | 16.22 | 29.21 | 127.25 | 20.59 | 23.28 |
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 | 1.34 | 1.34 | 1.22 | 1.38 | 1.34 | 1.31 | 1.23 | 1.21 | 1.40 | 1.40 | 1.39 |
| Quick Ratio | 0.57 | 0.57 | 0.45 | 0.64 | 0.53 | 0.58 | 0.69 | 0.39 | 0.48 | 0.55 | 0.62 |
| Cash Ratio | 0.45 | 0.45 | 0.33 | 0.52 | 0.43 | 0.47 | 0.61 | 0.29 | 0.36 | 0.45 | 0.54 |
| Asset Turnover | — | 2.32 | 2.43 | 2.20 | 2.25 | 2.12 | 2.01 | 2.49 | 2.60 | 2.54 | 2.65 |
| Inventory Turnover | 7.77 | 7.77 | 7.69 | 7.75 | 7.29 | 7.64 | 8.97 | 8.14 | 8.27 | 8.10 | 8.66 |
| Days Sales Outstanding | — | 3.46 | 1.40 | 1.48 | 1.20 | 1.25 | 1.44 | 1.12 | 1.02 | 0.79 | 0.94 |
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 | 0.7% | 1.2% | 2.5% | 1.2% | 1.4% | 0.9% | 1.1% | 1.2% | 0.8% | 0.9% | 0.9% |
| Payout Ratio | 26.7% | 26.7% | 48.3% | 26.5% | 25.7% | 22.7% | 27.9% | 29.9% | 28.9% | 23.8% | 24.4% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 2.5% | 4.5% | 5.1% | 4.4% | 5.3% | 3.8% | 3.9% | 4.0% | 2.8% | 3.7% | 3.5% |
| FCF Yield | 1.7% | 3.2% | 1.5% | 4.7% | 0.1% | 0.5% | 8.0% | 1.7% | 0.8% | — | 2.5% |
| Buyback Yield | 0.1% | 0.2% | 2.7% | 0.5% | 0.3% | 0.2% | 0.2% | 0.3% | 0.1% | 0.1% | 0.1% |
| Total Shareholder Yield | 0.8% | 1.4% | 5.2% | 1.7% | 1.7% | 1.1% | 1.3% | 1.4% | 0.9% | 1.0% | 1.0% |
| Shares Outstanding | — | $30M | $30M | $31M | $31M | $30M | $30M | $30M | $30M | $30M | $30M |
Regional Currency Volatility Exposure
According to current market data, PriceSmart trades at a forward P/E of 36.04, which suggests that investors are pricing in a significant growth premium relative to its historical averages and the broader discount retail sector, despite the inherent complexities of its Latin American operating footprint.
The current PEG ratio of 3.00 indicates that the market expects sustained earnings expansion, yet this valuation appears aggressive given the thin operating margins and regional economic risks. Investors should monitor whether the company can maintain this multiple if growth rates decelerate or if currency headwinds continue to pressure USD-denominated earnings.
Based on reported financial statements, PriceSmart’s ROIC has hovered between 3.1% and 4.1% over the last ten quarters, a level that appears modest when compared to the high-teens or mid-twenties returns typically generated by more mature, domestic-focused warehouse club operators in the United States.
The low ROIC suggests that the capital-intensive nature of building and maintaining a specialized logistics network in fragmented markets creates a structural drag on returns. This trend warrants further investigation into whether future warehouse openings can achieve higher capital velocity or if the current return profile represents a permanent ceiling for the business model.
As indicated by recent quarterly filings, PriceSmart maintains a cash conversion cycle that remains tightly managed, with days inventory outstanding averaging approximately 46 days, which is essential for preserving liquidity in a business model characterized by thin gross margins and high import-related logistics costs.
The company's ability to keep its CCC low suggests effective management of its supply chain, which is critical given the reliance on imported goods. However, any disruption in the import-to-shelf timeline could quickly impair liquidity, making the efficiency of these working capital cycles a primary indicator of operational health.
Based on the latest quarterly data, PriceSmart maintains a debt-to-equity ratio of 0.23, which reflects a disciplined approach to capital structure that provides the company with a significant financial buffer against the macroeconomic and currency shocks inherent in its emerging market operating environment.
This low leverage profile is a key differentiator that allows the company to navigate regional volatility without the immediate pressure of heavy debt service obligations. While this conservatism may limit aggressive expansion, it appears to be a prudent strategy given the unpredictable nature of the markets in which the company operates.
Market participants often misapply standard P/E multiples to PriceSmart, failing to account for the fact that the company functions more as a logistics and trust platform than a traditional retailer, which obscures the true value of its recurring membership-based revenue stream in fragmented markets.
By treating PriceSmart as a standard discount retailer, analysts may overlook the 'stickiness' of its membership model, which acts as a form of insurance for the local middle class. A more appropriate valuation approach might involve adjusting for the recurring nature of membership fees and the replacement cost of its unique, hard-to-replicate logistics infrastructure.
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying PSMT stock.
PriceSmart, Inc.'s current P/E ratio is 40.3x. The historical average is 28.8x. This places it at the 91th percentile of its historical range.
PriceSmart, Inc.'s current EV/EBITDA is 18.7x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 13.3x.
PriceSmart, Inc.'s return on equity (ROE) is 12.2%. The historical average is 5.6%.
Based on historical data, PriceSmart, Inc. is trading at a P/E of 40.3x. This is at the 91th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
PriceSmart, Inc.'s current dividend yield is 0.66% with a payout ratio of 26.7%.
PriceSmart, Inc. has 17.4% gross margin and 4.5% operating margin.
PriceSmart, Inc.'s Debt/EBITDA ratio is 1.0x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.