Latest Ratios: P/E Ratio -87.1x · EV/EBITDA 33.5x · ROE -2.4%. (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 | $12.1B | $10.5B | $12.4B | $12.0B | $16.4B | $14.8B | $14.7B | $13.1B | $13.9B | $13.0B | $14.7B |
| Enterprise Value | $19.1B | $17.5B | $20.1B | $20.5B | $20.2B | $19.3B | $19.3B | $18.5B | $19.8B | $17.6B | $19.9B |
| P/E Ratio → | -87.11 | — | — | 16.11 | — | 23.49 | 16.82 | 16.80 | 27.13 | 9.68 | 24.85 |
| P/S Ratio | 1.33 | 1.16 | 1.42 | 1.47 | 1.92 | 1.86 | 1.84 | 1.68 | 1.78 | 1.76 | 1.99 |
| P/B Ratio | 2.18 | 1.89 | 2.03 | 1.56 | 2.25 | 1.82 | 1.81 | 1.60 | 1.75 | 1.64 | 2.15 |
| P/FCF | 10.45 | 9.05 | 15.15 | 18.65 | 22.87 | 20.65 | 11.70 | 13.29 | 17.84 | 14.46 | 16.98 |
| P/OCF | 8.20 | 7.10 | 10.22 | 9.75 | 13.80 | 13.06 | 9.41 | 10.44 | 12.22 | 10.64 | 13.90 |
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 | — | 1.93 | 2.30 | 2.50 | 2.36 | 2.41 | 2.41 | 2.37 | 2.52 | 2.39 | 2.70 |
| EV / EBITDA | 33.47 | 30.64 | — | 11.79 | 34.27 | 13.00 | 10.49 | 11.07 | 14.37 | 12.08 | 13.65 |
| EV / EBIT | 53.05 | 54.86 | — | 16.24 | 141.23 | 19.19 | 14.30 | 15.20 | 21.72 | 17.00 | 19.15 |
| EV / FCF | — | 15.13 | 24.57 | 31.85 | 28.13 | 26.82 | 15.33 | 18.76 | 25.28 | 19.64 | 23.02 |
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 | 33.5% | 33.5% | 38.8% | 38.1% | 32.8% | 33.8% | 39.2% | 38.5% | 37.2% | 38.5% | 38.4% |
| Operating Margin | 4.0% | 4.0% | -7.7% | 16.0% | 1.8% | 12.8% | 17.3% | 15.7% | 11.8% | 14.2% | 14.1% |
| Net Profit Margin | -1.5% | -1.5% | -14.1% | 9.1% | -1.1% | 7.9% | 11.0% | 10.0% | 6.6% | 18.2% | 8.0% |
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -2.4% | -2.4% | -17.9% | 9.9% | -1.2% | 7.8% | 10.7% | 9.6% | 6.5% | 18.2% | 8.5% |
| ROA | -0.8% | -0.8% | -6.5% | 4.2% | -0.6% | 3.9% | 5.3% | 4.6% | 3.2% | 8.7% | 3.7% |
| ROIC | 2.1% | 2.1% | -3.4% | 7.2% | 1.0% | 6.1% | 7.9% | 6.7% | 5.3% | 6.4% | 6.4% |
| ROCE | 2.5% | 2.5% | -4.3% | 8.8% | 1.2% | 7.4% | 9.6% | 8.2% | 6.5% | 7.4% | 7.3% |
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 | 1.28 | 1.28 | 1.28 | 1.11 | 0.61 | 0.57 | 0.60 | 0.71 | 0.74 | 0.61 | 0.79 |
| Debt / EBITDA | 12.42 | 12.42 | — | 4.92 | 7.52 | 3.11 | 2.67 | 3.46 | 4.30 | 3.32 | 3.69 |
| Net Debt / Equity | — | 1.27 | 1.26 | 1.10 | 0.52 | 0.55 | 0.56 | 0.66 | 0.73 | 0.59 | 0.76 |
| Net Debt / EBITDA | 12.32 | 12.32 | — | 4.89 | 6.40 | 2.99 | 2.49 | 3.23 | 4.23 | 3.18 | 3.58 |
| Debt / FCF | — | 6.08 | 9.42 | 13.20 | 5.26 | 6.17 | 3.63 | 5.47 | 7.43 | 5.18 | 6.04 |
| Interest Coverage | 0.84 | 0.84 | -1.84 | 5.03 | 0.94 | 6.24 | 7.62 | 6.43 | 4.37 | 5.95 | 6.39 |
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 | 0.78 | 0.78 | 0.81 | 0.52 | 1.44 | 1.03 | 0.68 | 1.24 | 0.69 | 1.50 | 0.90 |
| Quick Ratio | 0.33 | 0.33 | 0.35 | 0.25 | 0.93 | 0.47 | 0.34 | 0.68 | 0.31 | 0.68 | 0.40 |
| Cash Ratio | 0.02 | 0.02 | 0.03 | 0.02 | 0.58 | 0.09 | 0.12 | 0.25 | 0.04 | 0.19 | 0.09 |
| Asset Turnover | — | 0.56 | 0.50 | 0.40 | 0.57 | 0.50 | 0.49 | 0.46 | 0.47 | 0.48 | 0.47 |
| Inventory Turnover | 5.34 | 5.34 | 4.42 | 4.87 | 5.67 | 4.86 | 5.07 | 5.36 | 5.41 | 5.29 | 5.03 |
| Days Sales Outstanding | — | 26.47 | 25.89 | 32.87 | 25.57 | 23.94 | 24.34 | 25.80 | 23.46 | 19.13 | 21.66 |
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 | 3.8% | 4.4% | 3.7% | 3.6% | 2.6% | 2.8% | 2.7% | 3.0% | 2.7% | 2.7% | 2.3% |
| Payout Ratio | — | — | — | 58.8% | — | 66.2% | 46.0% | 50.9% | 73.5% | 26.2% | 57.3% |
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | 6.2% | — | 4.3% | 5.9% | 6.0% | 3.7% | 10.3% | 4.0% |
| FCF Yield | 9.6% | 11.1% | 6.6% | 5.4% | 4.4% | 4.8% | 8.5% | 7.5% | 5.6% | 6.9% | 5.9% |
| Buyback Yield | 0.0% | 0.1% | 0.0% | 3.1% | 2.2% | 1.8% | 4.6% | 0.0% | 0.0% | 0.1% | 3.0% |
| Total Shareholder Yield | 3.9% | 4.5% | 3.7% | 6.8% | 4.9% | 4.6% | 7.3% | 3.1% | 2.7% | 2.8% | 5.3% |
| Shares Outstanding | — | $107M | $106M | $104M | $106M | $108M | $112M | $114M | $114M | $114M | $116M |
Portfolio integration and leverage
As reported in recent financial data, SJM trades at an EV/EBITDA of 33.92, which appears significantly elevated compared to packaged food peers like Conagra Brands, suggesting the market is pricing in substantial execution risk regarding the recent Hostess Brands acquisition and ongoing portfolio transformation efforts.
The forward P/E of 12.82 implies that investors are discounting near-term earnings volatility, likely anticipating that the current negative net margin is a transitory byproduct of restructuring. This valuation gap relative to historical norms warrants caution, as the market may be overestimating the speed at which the snacking pivot will stabilize the company's bottom line.
Based on reported figures, SJM's ROIC has fluctuated between negative 3.2% and positive 2.7% over the last ten quarters, indicating that the company is currently struggling to generate returns on invested capital that exceed its cost of capital during this period of aggressive portfolio reshaping.
The persistent volatility in ROIC suggests that the capital allocated toward recent acquisitions has yet to yield the expected operational efficiencies. Investors should monitor whether the company can improve its asset utilization as the integration of the snacking portfolio matures, as current returns remain well below the levels typically expected for a mature consumer defensive firm.
According to quarterly filings, SJM's cash conversion cycle has swung from 12 to 38 days over the past ten quarters, reflecting significant instability in inventory management and payables timing as the company navigates the integration of new product lines and shifting retail distribution requirements.
The variability in the cash conversion cycle suggests that the company's working capital management is highly sensitive to the timing of large-scale inventory builds and promotional cycles. This lack of consistency in operational efficiency may indicate that the supply chain is still adjusting to the structural changes introduced by recent divestitures and acquisitions.
As evidenced by the current ratio of 0.78 in 2026Q4, SJM's liquidity position appears strained, with cash reserves providing a minimal buffer against short-term operational shocks or the potential for unexpected working capital outflows during periods of high integration activity.
The reliance on a quick ratio of 0.33 suggests that the company is heavily dependent on inventory turnover to meet its short-term obligations. This liquidity profile warrants further investigation, as it leaves the firm with limited flexibility to absorb potential disruptions in the supply chain or unexpected spikes in commodity costs.
The P/E ratio is frequently misapplied to SJM, as reported in financial statements, because non-recurring charges related to portfolio reshaping and asset impairments create extreme volatility in net income that obscures the underlying cash-generative capacity of the core snacking and coffee businesses.
Analysts should prioritize EV/EBITDA or P/FCF to better assess the company's operational performance, as these metrics are less sensitive to the accounting noise generated by frequent M&A activity. Relying on P/E in this context may lead to a distorted view of the company's true valuation and earnings power.
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying SJM stock.
The J. M. Smucker Company's current P/E ratio is -87.1x. The historical average is 19.1x.
The J. M. Smucker Company's current EV/EBITDA is 33.5x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 12.1x.
The J. M. Smucker Company's return on equity (ROE) is -2.4%. The historical average is 8.2%.
Based on historical data, The J. M. Smucker Company is trading at a P/E of -87.1x. Compare with industry peers and growth rates for a complete picture.
The J. M. Smucker Company's current dividend yield is 3.85%.
The J. M. Smucker Company has 33.5% gross margin and 4.0% operating margin.
The J. M. Smucker Company's Debt/EBITDA ratio is 12.4x, indicating high leverage. A ratio above 4x may signal elevated financial risk.