Latest Ratios: P/E Ratio 11.8x · EV/EBITDA 5.4x · ROE 15.4%. (1997–2026 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $3.3B | $3.8B | $2.6B | $5.4B | $4.3B | $5.4B | $2.1B | $1.3B | $1.3B | $3.7B | $6.0B |
| Enterprise Value | $3.6B | $4.2B | $3.2B | $5.2B | $4.5B | $5.4B | $2.6B | $3.3B | $1.9B | $4.2B | $7.3B |
| P/E Ratio → | 11.79 | 13.03 | — | 6.63 | 11.45 | 6.99 | — | 17.36 | — | 7.11 | 10.97 |
| P/S Ratio | 0.48 | 0.56 | 0.39 | 0.75 | 0.55 | 0.69 | 0.40 | 0.21 | 0.21 | 0.59 | 0.93 |
| P/B Ratio | 1.77 | 1.95 | 1.41 | 1.90 | 1.93 | 2.43 | 1.15 | 0.68 | 0.73 | 1.19 | 1.92 |
| P/FCF | 6.25 | 7.31 | 5.96 | 12.75 | 6.54 | 4.77 | 1.64 | 3.00 | 2.36 | 2.17 | 14.88 |
| P/OCF | 4.84 | 5.65 | 4.42 | 9.82 | 5.40 | 4.28 | 1.54 | 2.27 | 1.91 | 1.90 | 8.78 |
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 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.61 | 0.48 | 0.73 | 0.57 | 0.69 | 0.50 | 0.53 | 0.30 | 0.67 | 1.13 |
| EV / EBITDA | 5.39 | 6.22 | 12.31 | 6.68 | 4.34 | 5.08 | 8.07 | 5.73 | — | 5.37 | 7.64 |
| EV / EBIT | 6.91 | 7.97 | 6.34 | 8.34 | 5.17 | 6.01 | — | 19.80 | — | 7.25 | 9.55 |
| EV / FCF | — | 7.96 | 7.28 | 12.43 | 6.79 | 4.80 | 2.03 | 7.80 | 3.31 | 2.47 | 18.16 |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 39.6% | 39.6% | 39.2% | 39.4% | 38.9% | 39.9% | 33.1% | 36.2% | 34.6% | 35.0% | 36.8% |
| Operating Margin | 7.7% | 7.7% | 1.7% | 8.7% | 11.0% | 11.5% | 2.8% | 6.4% | -12.2% | 9.3% | 11.9% |
| Net Profit Margin | 4.3% | 4.3% | 0.9% | 11.3% | 4.8% | 9.8% | -0.3% | 1.7% | -10.5% | 8.3% | 8.5% |
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 15.4% | 15.4% | 2.6% | 32.1% | 16.9% | 38.0% | -0.8% | 5.8% | -26.7% | 16.7% | 17.6% |
| ROA | 5.0% | 5.0% | 1.0% | 12.1% | 5.7% | 12.1% | -0.2% | 2.0% | -12.8% | 8.4% | 8.3% |
| ROIC | 16.6% | 16.6% | 3.2% | 18.3% | 28.0% | 29.6% | 3.6% | 9.5% | -19.2% | 10.8% | 13.1% |
| ROCE | 13.2% | 13.2% | 2.5% | 13.5% | 19.5% | 20.8% | 3.3% | 9.8% | -18.7% | 11.4% | 14.2% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.62 | 0.62 | 0.64 | 0.44 | 0.60 | 0.66 | 0.91 | 1.30 | 0.40 | 0.24 | 0.45 |
| Debt / EBITDA | 1.81 | 1.81 | 4.56 | 1.59 | 1.29 | 1.36 | 5.17 | 4.18 | — | 0.94 | 1.48 |
| Net Debt / Equity | — | 0.17 | 0.31 | -0.05 | 0.07 | 0.02 | 0.27 | 1.09 | 0.29 | 0.16 | 0.42 |
| Net Debt / EBITDA | 0.51 | 0.51 | 2.22 | -0.17 | 0.16 | 0.03 | 1.54 | 3.52 | — | 0.65 | 1.38 |
| Debt / FCF | — | 0.65 | 1.32 | -0.32 | 0.25 | 0.03 | 0.39 | 4.80 | 0.94 | 0.30 | 3.27 |
| Interest Coverage | — | — | — | — | 64.13 | 53.33 | -1.80 | 4.64 | -19.17 | 11.00 | 15.40 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.59 | 1.59 | 1.48 | 1.79 | 1.56 | 1.80 | 1.79 | 1.91 | 2.76 | 3.32 | 3.86 |
| Quick Ratio | 1.71 | 1.71 | 0.42 | 0.81 | 0.60 | 0.81 | 0.78 | 0.50 | 0.45 | 1.12 | 1.82 |
| Cash Ratio | 0.46 | 0.46 | 0.33 | 0.70 | 0.52 | 0.68 | 0.59 | 0.23 | 0.19 | 0.22 | 0.08 |
| Asset Turnover | — | 1.14 | 1.17 | 1.05 | 1.18 | 1.19 | 0.85 | 0.97 | 1.41 | 1.07 | 0.97 |
| Inventory Turnover | — | — | 2.11 | 2.24 | 2.23 | 2.28 | 1.72 | 1.68 | 1.71 | 1.78 | 1.65 |
| Days Sales Outstanding | — | 1.00 | 0.78 | 0.96 | 1.12 | 0.85 | 5.84 | 2.42 | 5.71 | 45.66 | 111.54 |
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 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 1.5% | 1.4% | 1.9% | 0.7% | 0.8% | 0.4% | 0.9% | 6.1% | 5.9% | 2.1% | 1.3% |
| Payout Ratio | 17.6% | 17.6% | 79.4% | 4.9% | 9.7% | 2.5% | — | 73.4% | — | 14.7% | 13.9% |
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 8.5% | 7.7% | — | 15.1% | 8.7% | 14.3% | — | 5.8% | — | 14.1% | 9.1% |
| FCF Yield | 16.0% | 13.7% | 16.8% | 7.8% | 15.3% | 21.0% | 61.0% | 33.3% | 42.3% | 46.1% | 6.7% |
| Buyback Yield | 6.3% | 5.3% | 36.4% | 2.6% | 8.7% | 5.8% | 0.0% | 0.0% | 36.4% | 12.5% | 16.8% |
| Total Shareholder Yield | 7.7% | 6.7% | 38.3% | 3.3% | 9.6% | 6.1% | 0.9% | 6.1% | 42.3% | 14.5% | 18.1% |
| Shares Outstanding | — | $42M | $44M | $54M | $57M | $63M | $52M | $52M | $55M | $70M | $77M |
Cyclical bridal demand volatility
As reported in recent financial filings, Signet's forward P/E of 9.24 and EV/EBITDA of 4.85 suggest that the market is pricing the company as a cyclical retail play rather than a growth-oriented luxury brand, reflecting deep investor caution regarding the sustainability of mid-market jewelry demand.
The current valuation multiples appear to discount the company's digital transformation efforts, favoring a conservative outlook on discretionary spending. Investors should monitor whether these depressed multiples represent a value opportunity or a structural recognition of the company's limited long-term growth prospects in a post-pandemic environment.
Based on the provided quarterly data, ROIC has struggled to maintain momentum, oscillating between a peak of 11.4% in 2026Q4 and a low of 0.1% in 2026Q2, which indicates that Signet's ability to compound capital is heavily tethered to the extreme seasonality of its retail operations.
The wide variance in returns suggests that the company's capital base is underutilized during non-peak quarters, leading to significant drag on annual performance. This volatility warrants further investigation into whether the current store footprint and inventory levels are optimized for a more consistent return profile throughout the fiscal year.
According to historical financial statements, the cash conversion cycle has shown extreme volatility, reaching as high as 155 days in 2026Q3, which highlights the company's reliance on aggressive inventory management to navigate the inherent risks of the mid-market jewelry retail business model.
The significant fluctuations in days inventory outstanding suggest that Signet remains vulnerable to shifts in consumer preference and commodity price volatility. Investors should monitor the efficiency of the 'bricks-to-clicks' transition, as a failure to reduce inventory holding periods could continue to pressure free cash flow generation.
As indicated by the company's financial structure, the P/E ratio is a frequently misapplied metric for Signet, as it fails to account for the massive quarterly earnings variance caused by the fourth-quarter holiday concentration and the deferral of high-margin extended service plan revenue.
Relying on trailing P/E ratios obscures the underlying cash-generating capacity of the business, which is better captured through normalized free cash flow or EBITDA-based metrics. Analysts should adjust for these seasonal distortions to avoid drawing premature conclusions about the company's true earning power during the off-peak periods.
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying SIG stock.
Signet Jewelers Limited's current P/E ratio is 11.8x. The historical average is 18.3x. This places it at the 35th percentile of its historical range.
Signet Jewelers Limited's current EV/EBITDA is 5.4x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 9.4x.
Signet Jewelers Limited's return on equity (ROE) is 15.4%. The historical average is 12.8%.
Based on historical data, Signet Jewelers Limited is trading at a P/E of 11.8x. This is at the 35th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Signet Jewelers Limited's current dividend yield is 1.49% with a payout ratio of 17.6%.
Signet Jewelers Limited has 39.6% gross margin and 7.7% operating margin.
Signet Jewelers Limited's Debt/EBITDA ratio is 1.8x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.