Latest Ratios: P/E Ratio 32.5x · EV/EBITDA 19.5x · ROE 36.7%. (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 | $69.4B | $60.9B | $49.8B | $47.3B | $40.8B | $34.6B | $39.5B | $40.5B | $34.3B | $31.7B | $26.1B |
| Enterprise Value | $70.1B | $61.5B | $50.8B | $48.2B | $42.0B | $35.3B | $40.4B | $42.7B | $33.2B | $30.8B | $25.4B |
| P/E Ratio → | 32.48 | 28.54 | 23.82 | 25.23 | 26.98 | 20.07 | 463.71 | 24.39 | 21.62 | 23.21 | 23.36 |
| P/S Ratio | 3.05 | 2.68 | 2.36 | 2.32 | 2.18 | 1.83 | 3.15 | 2.53 | 2.29 | 2.24 | 2.03 |
| P/B Ratio | 11.20 | 9.85 | 9.05 | 9.72 | 9.51 | 8.52 | 11.99 | 12.06 | 10.39 | 10.38 | 9.50 |
| P/FCF | 31.45 | 27.60 | 30.44 | 27.02 | 39.41 | 29.28 | 21.44 | 25.07 | 20.77 | 24.17 | 20.71 |
| P/OCF | 22.94 | 20.13 | 21.14 | 18.82 | 24.15 | 19.89 | 17.57 | 18.66 | 16.61 | 18.83 | 16.75 |
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 | — | 2.70 | 2.40 | 2.37 | 2.24 | 1.86 | 3.22 | 2.66 | 2.22 | 2.18 | 1.97 |
| EV / EBITDA | 19.55 | 17.17 | 16.75 | 17.68 | 17.59 | 13.10 | 50.86 | 17.08 | 14.02 | 13.03 | 12.06 |
| EV / EBIT | 25.87 | 22.73 | 18.01 | 18.94 | 20.29 | 15.12 | 207.75 | 19.62 | 16.07 | 14.94 | 14.06 |
| EV / FCF | — | 27.88 | 31.03 | 27.52 | 40.53 | 29.87 | 21.94 | 26.40 | 20.11 | 23.49 | 20.14 |
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 | 27.9% | 27.9% | 27.8% | 27.4% | 25.4% | 27.5% | 21.5% | 28.1% | 28.4% | 29.0% | 28.7% |
| Operating Margin | 11.9% | 11.9% | 12.2% | 11.3% | 10.6% | 12.3% | 3.4% | 13.4% | 13.6% | 14.5% | 14.0% |
| Net Profit Margin | 9.4% | 9.4% | 9.9% | 9.2% | 8.1% | 9.1% | 0.7% | 10.4% | 10.6% | 9.6% | 8.7% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 36.7% | 36.7% | 40.3% | 40.9% | 36.2% | 46.9% | 2.6% | 49.8% | 50.0% | 47.0% | 42.8% |
| ROA | 14.1% | 14.1% | 14.3% | 13.5% | 11.2% | 13.1% | 0.8% | 21.5% | 26.9% | 24.7% | 22.0% |
| ROIC | 30.6% | 30.6% | 31.8% | 30.9% | 29.3% | 39.0% | 6.6% | 41.8% | 70.2% | 73.4% | 65.3% |
| ROCE | 25.8% | 25.8% | 25.4% | 23.2% | 20.7% | 25.7% | 5.6% | 40.1% | 51.9% | 55.7% | 52.8% |
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 | 0.84 | 0.84 | 1.03 | 1.18 | 1.33 | 1.38 | 1.74 | 1.04 | 0.09 | 0.13 | 0.14 |
| Debt / EBITDA | 1.45 | 1.45 | 1.87 | 2.11 | 2.39 | 2.09 | 7.22 | 1.40 | 0.13 | 0.17 | 0.19 |
| Net Debt / Equity | — | 0.10 | 0.17 | 0.18 | 0.27 | 0.17 | 0.28 | 0.64 | -0.33 | -0.29 | -0.26 |
| Net Debt / EBITDA | 0.17 | 0.17 | 0.31 | 0.32 | 0.48 | 0.26 | 1.15 | 0.86 | -0.46 | -0.38 | -0.34 |
| Debt / FCF | — | 0.28 | 0.58 | 0.50 | 1.12 | 0.59 | 0.50 | 1.32 | -0.67 | -0.68 | -0.57 |
| Interest Coverage | 82.30 | 82.30 | 44.50 | 34.36 | 25.67 | 31.05 | 2.21 | 223.21 | 126.00 | 109.28 | 92.27 |
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 | 1.62 | 1.77 | 1.90 | 1.77 | 1.69 | 1.27 | 1.69 | 1.64 | 1.61 |
| Quick Ratio | 1.04 | 1.04 | 1.09 | 1.24 | 1.34 | 1.24 | 1.31 | 0.59 | 0.82 | 0.78 | 0.74 |
| Cash Ratio | 0.95 | 0.95 | 1.01 | 1.16 | 1.25 | 1.17 | 1.21 | 0.50 | 0.70 | 0.67 | 0.63 |
| Asset Turnover | — | 1.46 | 1.42 | 1.42 | 1.39 | 1.39 | 0.99 | 1.72 | 2.47 | 2.47 | 2.42 |
| Inventory Turnover | 6.23 | 6.23 | 6.24 | 6.75 | 6.89 | 6.06 | 6.52 | 6.30 | 6.13 | 6.12 | 6.06 |
| Days Sales Outstanding | — | 2.91 | 2.50 | 2.34 | 2.84 | 2.30 | 3.35 | 2.33 | 2.36 | 2.27 | 2.13 |
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 | 0.8% | 0.9% | 1.0% | 1.0% | 1.1% | 1.2% | 0.3% | 0.9% | 1.0% | 0.8% | 0.8% |
| Payout Ratio | 24.6% | 24.6% | 23.4% | 24.3% | 28.5% | 23.5% | 118.8% | 22.3% | 21.2% | 18.2% | 19.2% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 3.1% | 3.5% | 4.2% | 4.0% | 3.7% | 5.0% | 0.2% | 4.1% | 4.6% | 4.3% | 4.3% |
| FCF Yield | 3.2% | 3.6% | 3.3% | 3.7% | 2.5% | 3.4% | 4.7% | 4.0% | 4.8% | 4.1% | 4.8% |
| Buyback Yield | 1.6% | 1.9% | 2.3% | 2.1% | 2.4% | 2.0% | 0.5% | 3.3% | 3.3% | 2.9% | 2.8% |
| Total Shareholder Yield | 2.4% | 2.7% | 3.3% | 3.1% | 3.5% | 3.2% | 0.7% | 4.2% | 4.3% | 3.7% | 3.7% |
| Shares Outstanding | — | $323M | $331M | $337M | $345M | $354M | $355M | $361M | $373M | $384M | $395M |
Geographic concentration and shrinkage
Based on recent market data, ROST trades at a 32.26x TTM P/E, which appears to command a premium valuation relative to its historical averages and broader retail peers, suggesting investors are pricing in the company's consistent ability to generate stable earnings during periods of macroeconomic uncertainty.
The current P/E multiple implies that the market views Ross as a defensive compounder rather than a traditional cyclical retailer. While the PEG ratio of 0.34 suggests potential undervaluation relative to growth, investors should monitor whether this multiple can be sustained if the pace of store expansion in new territories fails to offset the saturation risks in core Western markets.
As reported in financial statements, ROIC has fluctuated between 6.9% and 9.6% over the last ten quarters, indicating that Ross maintains a disciplined approach to capital allocation that consistently exceeds its cost of capital despite the inherent margin pressures of the off-price retail business model.
The stability in ROIC suggests that management's refusal to enter the capital-intensive e-commerce space has successfully preserved the company's return profile. This efficiency is particularly notable when compared to peers like Burlington, which often struggle to maintain similar return levels while scaling their physical footprints.
According to quarterly data, the cash conversion cycle has remained tight, with DIO averaging between 52 and 67 days, which confirms that the company's 'treasure hunt' model relies heavily on rapid inventory turnover to maintain its competitive advantage in procurement and vendor relationships.
The ability to keep the cash conversion cycle efficient despite the complexities of 'packaway' inventory suggests strong operational control. Investors should monitor whether rising inventory shrinkage, a persistent industry headwind, begins to impair these turnover metrics or necessitates higher markdowns that could erode the current gross margin stability.
Based on the company's reported figures, the debt-to-equity ratio has improved significantly from 1.18 in 2023Q4 to 0.75 in 2026Q1, signaling a strengthening balance sheet that provides the company with substantial flexibility to navigate potential economic downturns or accelerate store openings as opportunities arise.
The reduction in leverage is a positive indicator of management's commitment to maintaining a fortress-like balance sheet in a volatile retail environment. This improved solvency profile warrants further investigation into whether the company will shift toward more aggressive capital returns or increased investment in the dd's DISCOUNTS segment.
The P/S ratio is frequently misapplied to Ross Stores, as it obscures the company's unique margin structure and the absence of e-commerce-related fulfillment costs, which makes a direct comparison to omnichannel retailers fundamentally misleading for institutional analysts evaluating long-term value creation.
Because Ross operates without the margin-dilutive friction of last-mile delivery, its revenue quality is structurally different from traditional department stores. Analysts should prioritize EV/EBITDA or FCF-based metrics to better capture the true earning power of the business, as these account for the company's specific lease-heavy operational footprint.
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying ROST stock.
Ross Stores, Inc.'s current P/E ratio is 32.5x. The historical average is 18.8x. This places it at the 100th percentile of its historical range.
Ross Stores, Inc.'s current EV/EBITDA is 19.5x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 11.6x.
Ross Stores, Inc.'s return on equity (ROE) is 36.7%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 36.4%.
Based on historical data, Ross Stores, Inc. is trading at a P/E of 32.5x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Ross Stores, Inc.'s current dividend yield is 0.76% with a payout ratio of 24.6%.
Ross Stores, Inc. has 27.9% gross margin and 11.9% operating margin. Operating margin between 10-20% is typical for established companies.
Ross Stores, Inc.'s Debt/EBITDA ratio is 1.5x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.