Latest Ratios: P/E Ratio 63.0x · EV/EBITDA 31.9x · ROE 5.0%. (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 | $2.9B | $3.0B | $3.1B | $3.1B | $2.5B | $3.8B | $2.8B | $3.6B | $2.6B | $2.7B | $2.1B |
| Enterprise Value | $3.3B | $3.3B | $3.0B | $3.1B | $2.3B | $3.7B | $2.7B | $3.5B | $2.4B | $2.5B | $2.0B |
| P/E Ratio → | 63.03 | 66.10 | 18.09 | 18.26 | 11.54 | 19.86 | — | 25.45 | 20.17 | 22.89 | 17.65 |
| P/S Ratio | 1.15 | 1.18 | 1.34 | 1.58 | 1.18 | 2.03 | 2.31 | 2.01 | 1.58 | 1.75 | 1.52 |
| P/B Ratio | 3.13 | 3.28 | 3.49 | 3.69 | 2.96 | 4.62 | 3.51 | 4.28 | 3.20 | 3.34 | 2.87 |
| P/FCF | 24.22 | 24.79 | 17.77 | 14.93 | 10.00 | 24.82 | 73.78 | 16.70 | 18.36 | 18.86 | 15.46 |
| P/OCF | 17.85 | 18.27 | 15.45 | 13.66 | 9.31 | 23.79 | 62.83 | 15.39 | 16.88 | 17.10 | 13.86 |
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 | — | 1.32 | 1.32 | 1.55 | 1.10 | 1.97 | 2.22 | 1.96 | 1.45 | 1.63 | 1.43 |
| EV / EBITDA | 31.94 | 32.61 | 12.34 | 13.40 | 7.71 | 14.24 | — | 17.69 | 12.33 | 13.25 | 10.59 |
| EV / EBIT | 47.45 | 37.08 | 12.70 | 13.95 | 8.10 | 14.88 | 53.72 | 19.18 | 13.56 | 14.62 | 11.87 |
| EV / FCF | — | 27.92 | 17.56 | 14.62 | 9.33 | 24.11 | 70.73 | 16.27 | 16.95 | 17.60 | 14.54 |
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 | 41.1% | 41.1% | 41.0% | 42.0% | 41.2% | 41.1% | 38.7% | 38.4% | 37.3% | 37.4% | 37.3% |
| Operating Margin | 2.7% | 2.7% | 9.9% | 10.8% | 13.3% | 13.1% | -2.6% | 9.9% | 10.5% | 11.0% | 12.1% |
| Net Profit Margin | 1.8% | 1.8% | 7.4% | 8.7% | 10.2% | 10.2% | -1.5% | 7.9% | 7.8% | 7.6% | 8.6% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 5.0% | 5.0% | 19.7% | 20.3% | 26.0% | 23.7% | -2.3% | 17.1% | 15.9% | 15.2% | 17.0% |
| ROA | 2.7% | 2.7% | 12.3% | 13.2% | 16.5% | 15.3% | -1.5% | 12.0% | 12.1% | 11.6% | 12.8% |
| ROIC | 4.9% | 4.9% | 20.8% | 21.9% | 30.4% | 26.3% | -3.3% | 19.5% | 20.9% | 20.5% | 20.8% |
| ROCE | 5.8% | 5.8% | 22.9% | 22.4% | 30.3% | 26.7% | -3.3% | 19.2% | 20.3% | 20.6% | 22.1% |
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 | 0.54 | 0.54 | 0.17 | 0.16 | 0.13 | 0.14 | 0.17 | 0.20 | — | — | — |
| Debt / EBITDA | 4.75 | 4.75 | 0.62 | 0.61 | 0.36 | 0.43 | — | 0.87 | — | — | — |
| Net Debt / Equity | — | 0.41 | -0.04 | -0.08 | -0.20 | -0.13 | -0.15 | -0.11 | -0.25 | -0.22 | -0.17 |
| Net Debt / EBITDA | 3.65 | 3.65 | -0.15 | -0.29 | -0.55 | -0.42 | — | -0.47 | -1.03 | -0.95 | -0.67 |
| Debt / FCF | — | 3.13 | -0.21 | -0.31 | -0.67 | -0.71 | -3.06 | -0.43 | -1.41 | -1.27 | -0.92 |
| Interest Coverage | 7.29 | 7.29 | — | — | — | 161.97 | — | — | — | 266.35 | — |
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 | 1.90 | 1.90 | 2.16 | 2.26 | 2.63 | 2.17 | 2.96 | 2.56 | 3.13 | 3.38 | 2.96 |
| Quick Ratio | 1.11 | 1.11 | 1.54 | 1.66 | 1.92 | 1.58 | 2.53 | 2.07 | 2.52 | 2.83 | 2.31 |
| Cash Ratio | 0.21 | 0.21 | 0.49 | 0.58 | 0.90 | 0.61 | 1.22 | 1.08 | 1.19 | 1.38 | 0.90 |
| Asset Turnover | — | 1.32 | 1.62 | 1.47 | 1.69 | 1.38 | 1.06 | 1.40 | 1.54 | 1.46 | 1.44 |
| Inventory Turnover | 3.56 | 3.56 | 5.22 | 5.02 | 5.46 | 4.30 | 7.27 | 8.04 | 7.56 | 8.78 | 7.32 |
| Days Sales Outstanding | — | 61.45 | 63.82 | 69.45 | 51.95 | 79.23 | 84.34 | 52.01 | 58.81 | 56.87 | 52.41 |
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 | 2.2% | 2.1% | 2.0% | 2.0% | 2.6% | 1.3% | 0.4% | 1.3% | 1.8% | — | — |
| Payout Ratio | 136.5% | 136.5% | 36.0% | 36.8% | 30.5% | 25.8% | — | 34.3% | 36.6% | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 1.6% | 1.5% | 5.5% | 5.5% | 8.7% | 5.0% | — | 3.9% | 5.0% | 4.4% | 5.7% |
| FCF Yield | 4.1% | 4.0% | 5.6% | 6.7% | 10.0% | 4.0% | 1.4% | 6.0% | 5.4% | 5.3% | 6.5% |
| Buyback Yield | 0.5% | 0.5% | 3.2% | 4.5% | 6.0% | 3.2% | 1.7% | 2.8% | 4.1% | 3.7% | 4.0% |
| Total Shareholder Yield | 2.6% | 2.5% | 5.2% | 6.6% | 8.6% | 4.5% | 2.1% | 4.2% | 5.9% | 3.7% | 4.0% |
| Shares Outstanding | — | $71M | $72M | $75M | $78M | $82M | $79M | $84M | $86M | $87M | $89M |
Inventory Obsolescence and Margin Volatility
Based on current market data, SHOO trades at a TTM P/E of 68.60, which appears significantly elevated compared to historical norms and peer averages, suggesting that investors are pricing in a rapid recovery in profitability that may not be fully supported by recent volatile earnings performance.
The forward P/E of 20.37 indicates that the market anticipates a substantial normalization of earnings, yet this valuation remains sensitive to the company's ability to sustain its recent revenue growth. Investors should monitor whether the current premium is justified by structural brand strength or if it reflects an overly optimistic outlook on margin expansion.
As reported in recent financial statements, SHOO's ROIC has fluctuated between a low of -2.7% in 2025Q2 and a peak of 6.6% in 2024Q3, indicating that the company's ability to compound capital is currently hindered by inconsistent operating margins and the capital-intensive nature of its inventory-heavy business model.
The volatility in ROIC suggests that the company's 'test-and-react' strategy, while effective for trend capture, creates significant drag on returns during periods of inventory accumulation. This trend warrants further investigation into whether the current asset base can generate sustainable double-digit returns as the company scales its DTC footprint.
According to quarterly data, the cash conversion cycle has expanded to 122 days in 2026Q1 from 81 days in 2024Q1, reflecting a deterioration in working capital efficiency that appears driven by rising inventory levels and a potential slowdown in the speed at which the company converts stock into sales.
The increase in days inventory outstanding (DIO) to 121 days suggests that the company's supply chain agility may be facing bottlenecks, potentially leading to higher carrying costs. This trend implies that the company is currently struggling to balance its rapid-response model with the realities of managing a larger, more complex inventory pipeline.
Based on reported figures, SHOO's debt-to-equity ratio has climbed to 0.57 in 2026Q1 from 0.16 in 2023Q4, indicating a shift toward a more leveraged capital structure that, while still manageable, represents a departure from the company's historically conservative approach to financing its growth and acquisition strategy.
While the interest coverage ratio of 27.39 remains robust, the rapid accumulation of debt warrants close monitoring as the company navigates a period of margin compression. Investors should consider whether this increased reliance on debt is a temporary measure to fund working capital or a permanent change in capital allocation strategy.
The P/E ratio is frequently misapplied to SHOO, as it obscures the significant impact of non-recurring inventory write-downs and seasonal working capital shifts that distort short-term earnings, making EV/EBITDA or P/FCF more reliable metrics for assessing the company's true operational health and cash-generating capacity.
Because SHOO's earnings are highly sensitive to fashion cycles and promotional activity, the P/E ratio often fails to capture the underlying cash flow dynamics of the business. Analysts should prioritize cash-based metrics to better understand the company's ability to fund its operations and return capital to shareholders without relying on accounting-heavy profit figures.
Includes 30+ ratios · 30 years · Updated daily
DCF models, multiple analysis, and analyst estimates.
10-year return with dividends reinvested.
See how regular investing compounds over time.
Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying SHOO stock.
Steven Madden, Ltd.'s current P/E ratio is 63.0x. The historical average is 19.6x. This places it at the 97th percentile of its historical range.
Steven Madden, Ltd.'s current EV/EBITDA is 31.9x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 12.3x.
Steven Madden, Ltd.'s return on equity (ROE) is 5.0%. The historical average is 16.6%.
Based on historical data, Steven Madden, Ltd. is trading at a P/E of 63.0x. This is at the 97th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Steven Madden, Ltd.'s current dividend yield is 2.16% with a payout ratio of 136.5%.
Steven Madden, Ltd. has 41.1% gross margin and 2.7% operating margin.
Steven Madden, Ltd.'s Debt/EBITDA ratio is 4.8x, indicating high leverage. A ratio above 4x may signal elevated financial risk.