Latest Ratios: P/E Ratio 12.7x · EV/EBITDA 5.7x · ROE 5.9%. (2016–2025 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 | $1.2B | $2.9B | $3.2B | $3.5B | $3.2B | $3.4B | $2.5B | $2.5B | $1.3B | $839M | — |
| Enterprise Value | $1.4B | $3.1B | $3.5B | $3.7B | $3.6B | $3.9B | $3.0B | $2.5B | $1.4B | $1.0B | — |
| P/E Ratio → | 12.71 | 28.07 | 22.89 | 26.11 | 29.18 | 84.17 | 72.54 | — | 35.25 | — | — |
| P/S Ratio | 0.81 | 2.00 | 2.40 | 2.80 | 2.71 | 3.42 | 3.06 | 4.82 | 3.07 | 2.12 | — |
| P/B Ratio | 0.73 | 1.61 | 1.85 | 2.21 | 2.20 | 2.90 | 2.19 | 3.54 | 1.97 | 1.40 | — |
| P/FCF | 7.43 | 18.40 | 15.38 | 22.25 | 30.38 | 27.45 | 43.66 | 35.08 | 22.47 | — | — |
| P/OCF | 6.57 | 16.29 | 14.92 | 20.64 | 28.79 | 26.06 | 42.38 | 34.58 | 21.82 | — | — |
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 | — | 2.14 | 2.63 | 2.99 | 3.04 | 3.85 | 3.70 | 4.68 | 3.26 | 2.52 | — |
| EV / EBITDA | 5.69 | 12.84 | 14.07 | 16.02 | 15.51 | 18.94 | 22.63 | 27.91 | 19.60 | 16.45 | — |
| EV / EBIT | 6.31 | 19.55 | 16.52 | 18.06 | 20.62 | 34.40 | 27.07 | 480.09 | 21.39 | 36.76 | — |
| EV / FCF | — | 19.71 | 16.84 | 23.79 | 34.08 | 30.84 | 52.90 | 34.03 | 23.82 | — | — |
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 | 35.1% | 35.1% | 37.2% | 35.1% | 36.6% | 39.1% | 37.8% | 40.1% | 40.1% | 43.1% | — |
| Operating Margin | 15.1% | 15.1% | 16.6% | 16.5% | 17.4% | 18.0% | 13.9% | 15.3% | 14.9% | 12.9% | -0.1% |
| Net Profit Margin | 7.1% | 7.1% | 10.5% | 10.7% | 9.3% | 4.1% | 8.0% | -4.8% | 16.3% | -0.5% | -0.0% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 5.9% | 5.9% | 8.4% | 8.9% | 8.3% | 3.5% | 7.1% | -3.6% | 11.1% | -0.4% | -0.0% |
| ROA | 4.2% | 4.2% | 6.0% | 6.3% | 5.2% | 2.0% | 4.1% | -2.3% | 7.3% | -0.3% | -0.0% |
| ROIC | 8.1% | 8.1% | 8.6% | 8.5% | 8.9% | 8.3% | 7.4% | 8.7% | 6.4% | 6.7% | — |
| ROCE | 9.4% | 9.4% | 10.0% | 10.1% | 10.2% | 9.2% | 7.4% | 7.8% | 6.9% | 7.9% | -0.1% |
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 | 0.17 | 0.17 | 0.25 | 0.21 | 0.32 | 0.42 | 0.55 | 0.27 | 0.28 | 0.36 | — |
| Debt / EBITDA | 1.26 | 1.26 | 1.76 | 1.41 | 1.98 | 2.45 | 4.67 | 2.17 | 2.67 | 3.58 | — |
| Net Debt / Equity | — | 0.11 | 0.18 | 0.15 | 0.27 | 0.36 | 0.46 | -0.11 | 0.12 | 0.27 | -0.00 |
| Net Debt / EBITDA | 0.85 | 0.85 | 1.22 | 1.03 | 1.69 | 2.08 | 3.95 | -0.86 | 1.11 | 2.65 | — |
| Debt / FCF | — | 1.30 | 1.47 | 1.54 | 3.71 | 3.39 | 9.24 | -1.05 | 1.35 | — | — |
| Interest Coverage | 6.85 | 6.85 | 8.15 | 6.84 | 7.88 | 3.56 | 3.41 | 0.37 | 5.23 | — | — |
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 | 3.64 | 3.64 | 4.05 | 4.14 | 3.44 | 2.63 | 3.64 | 7.45 | 6.07 | 4.03 | 4.13 |
| Quick Ratio | 2.30 | 2.30 | 2.75 | 2.84 | 2.21 | 1.77 | 2.81 | 6.65 | 5.09 | 3.15 | 4.13 |
| Cash Ratio | 0.79 | 0.79 | 1.22 | 0.98 | 0.66 | 0.66 | 1.34 | 5.55 | 3.66 | 1.70 | 3.05 |
| Asset Turnover | — | 0.61 | 0.54 | 0.58 | 0.55 | 0.48 | 0.40 | 0.45 | 0.43 | 0.43 | 1.06 |
| Inventory Turnover | 5.63 | 5.63 | 5.89 | 6.92 | 5.90 | 6.30 | 8.59 | 8.23 | 8.62 | 7.76 | — |
| Days Sales Outstanding | — | 41.50 | 41.32 | 42.61 | 41.43 | 40.45 | 40.11 | 30.83 | 30.98 | 34.26 | — |
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 | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 7.9% | 3.6% | 4.4% | 3.8% | 3.4% | 1.2% | 1.4% | — | 2.8% | — | — |
| FCF Yield | 13.5% | 5.4% | 6.5% | 4.5% | 3.3% | 3.6% | 2.3% | 2.9% | 4.4% | — | — |
| Buyback Yield | 4.3% | 1.8% | 0.0% | 0.5% | 1.9% | 0.0% | 0.0% | 0.1% | 0.0% | 0.0% | — |
| Total Shareholder Yield | 4.3% | 1.8% | 0.0% | 0.5% | 1.9% | 0.0% | 0.0% | 0.1% | 0.0% | 0.0% | — |
| Shares Outstanding | — | $102M | $101M | $101M | $101M | $97M | $98M | $85M | $74M | $71M | $11M |
Atkins brand relevance decay
According to current market data, SMPL trades at a forward P/E of 7.81, which appears to discount the company's growth prospects significantly compared to the broader packaged food sector, suggesting that investors remain skeptical about the long-term sustainability of the Quest brand's volume expansion against legacy portfolio headwinds.
The low forward P/E relative to the TTM P/E of 12.80 implies that the market is pricing in a contraction in earnings power, likely driven by the ongoing volume decay in the Atkins segment. This valuation gap warrants investigation into whether the current multiple represents a value opportunity or a structural re-rating of the company's growth-at-any-cost acquisition strategy.
As reported in recent financial statements, the company's ROIC has trended downward to 1.8% in 2026Q2, a notable decline from the 2.6% observed in 2024Q3, indicating that the firm is struggling to generate adequate returns on its invested capital base amidst a challenging top-line environment.
The compression in ROIC suggests that the asset-light co-manufacturing model is failing to provide the expected operating leverage as revenue growth stalls. Investors should monitor whether this decay is a temporary byproduct of recent acquisition integration or a permanent shift in the company's ability to compound capital effectively.
Based on the company's reported figures, the cash conversion cycle has lengthened to 81 days in 2026Q2 from 64 days in 2024Q3, primarily driven by rising inventory days, which suggests that the company is experiencing increased difficulty in managing its supply chain and inventory turnover efficiency.
The increase in DIO from 49 to 74 days over the same period indicates a potential buildup of slower-moving stock, which may necessitate future promotional activity to clear. This deterioration in working capital efficiency appears to be a primary driver of the recent volatility in free cash flow generation.
As indicated by institutional research standards, the P/E ratio is frequently misapplied to SMPL, as it obscures the significant non-cash charges and amortization related to the Quest acquisition that distort net income, making EV/EBITDA a more reliable metric for assessing the company's true operational earning power.
Relying on P/E ratios ignores the cash-generative nature of the business model, which is better captured by looking at EV/EBITDA and free cash flow conversion. Analysts should prioritize these cash-based metrics to avoid being misled by accounting-driven volatility that does not reflect the underlying health of the brand portfolio.
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Quick answers to the most common questions about buying SMPL stock.
The Simply Good Foods Company's current P/E ratio is 12.7x. The historical average is 42.6x.
The Simply Good Foods Company's current EV/EBITDA is 5.7x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 18.2x.
The Simply Good Foods Company's return on equity (ROE) is 5.9%. The historical average is 4.9%.
Based on historical data, The Simply Good Foods Company is trading at a P/E of 12.7x. Compare with industry peers and growth rates for a complete picture.
The Simply Good Foods Company has 35.1% gross margin and 15.1% operating margin. Operating margin between 10-20% is typical for established companies.
The Simply Good Foods Company's Debt/EBITDA ratio is 1.3x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.