Latest Ratios: P/E Ratio 21.7x · EV/EBITDA 8.5x · ROE 4.1%. (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 | $204M | $269M | $412M | $566M | $613M | $617M | $188M | $200M | $288M | $241M | $118M |
| Enterprise Value | $437M | $502M | $652M | $823M | $818M | $732M | $341M | $329M | $411M | $356M | $212M |
| P/E Ratio → | 21.70 | 24.80 | 135.00 | 19.38 | 13.31 | 20.33 | — | 9.85 | 13.77 | 29.12 | 10.48 |
| P/S Ratio | 0.73 | 0.96 | 1.39 | 1.93 | 2.29 | 3.16 | 1.42 | 1.10 | 1.74 | 1.66 | 0.87 |
| P/B Ratio | 0.90 | 1.03 | 1.57 | 2.01 | 2.54 | 3.44 | 1.23 | 1.18 | 1.88 | 1.78 | 0.91 |
| P/FCF | 5.85 | 7.71 | 13.17 | 30.21 | 15.14 | 21.66 | 18.96 | 12.13 | 568.73 | 24.49 | — |
| P/OCF | 4.13 | 5.45 | 7.37 | 9.58 | 9.50 | 14.69 | 12.00 | 5.37 | 11.17 | 11.43 | 5.12 |
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 | — | 1.80 | 2.21 | 2.80 | 3.06 | 3.75 | 2.57 | 1.82 | 2.48 | 2.45 | 1.58 |
| EV / EBITDA | 8.51 | 9.78 | 19.06 | 12.35 | 9.76 | 15.65 | 29.40 | 7.52 | 11.64 | 11.83 | 7.58 |
| EV / EBIT | 12.06 | 15.78 | 33.80 | 15.87 | 11.35 | 16.59 | 113.29 | 9.57 | 14.77 | 15.19 | 10.20 |
| EV / FCF | — | 14.38 | 20.84 | 43.91 | 20.20 | 25.71 | 34.41 | 19.99 | 811.62 | 36.12 | — |
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 | 56.9% | 56.9% | 57.7% | 59.7% | 61.0% | 58.7% | 55.8% | 58.7% | 59.3% | 58.1% | 57.0% |
| Operating Margin | 13.0% | 13.0% | 6.4% | 17.5% | 26.7% | 19.7% | 2.1% | 19.2% | 16.6% | 16.0% | 15.3% |
| Net Profit Margin | 3.9% | 3.9% | 1.0% | 10.0% | 17.2% | 15.5% | -4.6% | 11.2% | 12.6% | 5.7% | 8.3% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 4.1% | 4.1% | 1.1% | 11.2% | 21.9% | 18.3% | -3.8% | 12.6% | 14.5% | 6.2% | 8.7% |
| ROA | 1.8% | 1.8% | 0.5% | 5.1% | 10.3% | 8.4% | -1.7% | 5.9% | 6.6% | 2.9% | 4.1% |
| ROIC | 5.5% | 5.5% | 2.7% | 7.8% | 14.5% | 9.6% | 0.7% | 9.1% | 7.9% | 7.3% | 7.1% |
| ROCE | 6.8% | 6.8% | 3.4% | 9.7% | 17.0% | 11.6% | 0.9% | 11.3% | 9.8% | 8.9% | 8.4% |
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 | 1.02 | 1.02 | 1.03 | 0.99 | 1.00 | 0.84 | 1.11 | 0.85 | 0.92 | 0.92 | 0.82 |
| Debt / EBITDA | 5.19 | 5.19 | 7.96 | 4.17 | 2.88 | 3.23 | 14.55 | 3.28 | 3.99 | 4.14 | 3.78 |
| Net Debt / Equity | — | 0.89 | 0.91 | 0.91 | 0.85 | 0.64 | 1.00 | 0.76 | 0.80 | 0.85 | 0.73 |
| Net Debt / EBITDA | 4.54 | 4.54 | 7.01 | 3.86 | 2.45 | 2.47 | 13.20 | 2.96 | 3.48 | 3.81 | 3.37 |
| Debt / FCF | — | 6.67 | 7.67 | 13.70 | 5.07 | 4.05 | 15.45 | 7.86 | 242.89 | 11.62 | — |
| Interest Coverage | 1.94 | 1.94 | 1.16 | 3.26 | 6.03 | 4.42 | 0.31 | 3.37 | 2.79 | 2.67 | 2.61 |
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 | 0.81 | 0.81 | 0.98 | 0.78 | 1.62 | 2.30 | 0.84 | 1.05 | 1.09 | 0.84 | 1.09 |
| Quick Ratio | 0.73 | 0.73 | 0.89 | 0.69 | 1.50 | 2.18 | 0.78 | 0.97 | 1.02 | 0.77 | 1.01 |
| Cash Ratio | 0.54 | 0.54 | 0.67 | 0.44 | 1.14 | 1.55 | 0.42 | 0.41 | 0.52 | 0.32 | 0.42 |
| Asset Turnover | — | 0.47 | 0.51 | 0.48 | 0.50 | 0.54 | 0.37 | 0.51 | 0.50 | 0.48 | 0.49 |
| Inventory Turnover | 24.77 | 24.77 | 26.77 | 26.86 | 26.83 | 30.34 | 24.66 | 28.78 | 28.67 | 28.27 | 28.73 |
| Days Sales Outstanding | — | 5.15 | 7.20 | 12.54 | 11.92 | 14.56 | 19.22 | 16.86 | 16.12 | 8.03 | 11.81 |
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 | 1.0% | 0.9% | 0.6% | 0.4% | 0.3% | 0.2% | 0.7% | 0.6% | 0.4% | 0.5% | 0.7% |
| Payout Ratio | 22.8% | 22.8% | 76.5% | 7.3% | 3.9% | 4.7% | — | 6.2% | 5.6% | 14.2% | 7.7% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 4.6% | 4.0% | 0.7% | 5.2% | 7.5% | 4.9% | — | 10.2% | 7.3% | 3.4% | 9.5% |
| FCF Yield | 17.1% | 13.0% | 7.6% | 3.3% | 6.6% | 4.6% | 5.3% | 8.2% | 0.2% | 4.1% | — |
| Buyback Yield | 5.8% | 4.4% | 5.0% | 0.4% | 2.5% | 0.3% | 5.1% | 1.5% | 0.0% | 0.5% | 6.2% |
| Total Shareholder Yield | 6.9% | 5.3% | 5.6% | 0.8% | 2.8% | 0.5% | 5.7% | 2.1% | 0.4% | 0.9% | 6.9% |
| Shares Outstanding | — | $9M | $9M | $9M | $9M | $9M | $9M | $10M | $10M | $10M | $10M |
Regulatory and Discretionary Spending
According to current market data, RICK trades at a forward P/E of 4.42, which, when compared to the TTM P/E of 21.94, suggests that investors are pricing in significant earnings volatility or a potential collapse in the company's ability to sustain its historical profitability levels.
The wide divergence between trailing and forward multiples indicates that the market is skeptical of the company's near-term earnings power. While the low P/S of 0.74 might appear attractive, it likely reflects the market's assessment of the company's high fixed-cost structure and the inherent risks associated with its niche, regulatory-dependent business model.
Based on reported figures, RICK's ROIC has trended downward to 1.8% in 2026Q2, a significant contraction from historical levels that suggests the company is struggling to generate adequate returns on its substantial investments in real estate and nightclub acquisitions.
The persistent decline in ROIC implies that the company's capital allocation strategy, particularly its aggressive roll-up model, may be facing diminishing marginal returns. Investors should monitor whether this decay is a temporary byproduct of recent expansion or a structural issue where the cost of capital exceeds the returns generated by new assets.
As reported in financial statements, RICK's asset turnover has remained stagnant at 0.12 over the last several quarters, highlighting a lack of operational leverage and an inability to drive higher revenue volume from its existing, capital-intensive asset base in the current economic environment.
The low asset turnover ratio underscores the heavy reliance on fixed assets, which limits the company's agility during periods of softening consumer demand. The stability of the cash conversion cycle suggests that while the company manages its payables and receivables effectively, it lacks the operational velocity required to offset the impact of its high fixed-cost burden.
According to the latest quarterly filings, RICK's current ratio has deteriorated to 0.55, a level that warrants further investigation as it suggests the company may face challenges in meeting its short-term obligations without relying on external financing or further asset liquidation.
This liquidity profile is particularly concerning given the company's reliance on discretionary spending, which is prone to sudden shifts. The decline in the quick ratio to 0.49 further emphasizes that the company's ability to cover immediate liabilities is heavily dependent on inventory turnover, which may be vulnerable to broader economic headwinds.
Based on an analysis of RICK's business model, the P/E ratio is frequently misapplied by analysts who fail to account for the significant non-cash depreciation charges inherent in the company's real estate-heavy strategy, which artificially depresses reported net income and distorts the valuation.
Investors should prioritize EV/EBITDA or P/FCF over P/E to better capture the underlying cash-generating capacity of the nightclub assets. Relying on P/E ignores the substantial value embedded in the company's owned real estate, which acts as a structural anchor that traditional restaurant peers do not possess.
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying RICK stock.
RCI Hospitality Holdings, Inc.'s current P/E ratio is 21.7x. The historical average is 21.4x. This places it at the 73th percentile of its historical range.
RCI Hospitality Holdings, Inc.'s current EV/EBITDA is 8.5x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 12.9x.
RCI Hospitality Holdings, Inc.'s return on equity (ROE) is 4.1%. The historical average is 4.4%.
Based on historical data, RCI Hospitality Holdings, Inc. is trading at a P/E of 21.7x. This is at the 73th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
RCI Hospitality Holdings, Inc.'s current dividend yield is 1.05% with a payout ratio of 22.8%.
RCI Hospitality Holdings, Inc. has 56.9% gross margin and 13.0% operating margin. Operating margin between 10-20% is typical for established companies.
RCI Hospitality Holdings, Inc.'s Debt/EBITDA ratio is 5.2x, indicating high leverage. A ratio above 4x may signal elevated financial risk.