Latest Ratios: P/E Ratio 14.2x · EV/EBITDA 10.5x · ROE 21.7%. (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 | $23.4B | $27.7B | $31.8B | $45.7B | $43.1B | $41.0B | $41.8B | $32.6B | $33.1B | $43.3B | $32.4B |
| Enterprise Value | $34.5B | $38.8B | $43.9B | $58.1B | $55.9B | $51.8B | $52.3B | $45.3B | $46.6B | $53.4B | $41.5B |
| P/E Ratio → | 14.24 | 16.43 | — | 26.47 | — | — | 20.93 | — | 9.63 | 18.66 | 21.12 |
| P/S Ratio | 2.56 | 3.03 | 3.12 | 4.59 | 4.56 | 4.65 | 4.86 | 3.91 | 4.08 | 5.71 | 4.42 |
| P/B Ratio | 2.87 | 3.30 | 4.46 | 4.54 | 4.93 | 3.41 | 3.00 | 2.62 | 2.58 | 5.37 | 4.71 |
| P/FCF | 13.03 | 15.45 | 16.43 | 30.26 | 25.02 | 24.45 | 21.54 | 17.89 | 24.32 | 49.50 | 41.10 |
| P/OCF | 8.76 | 10.38 | 10.10 | 16.45 | 15.62 | 15.17 | 14.90 | 12.79 | 14.72 | 22.40 | 19.11 |
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 | — | 4.25 | 4.30 | 5.83 | 5.91 | 5.87 | 6.08 | 5.43 | 5.74 | 7.04 | 5.66 |
| EV / EBITDA | 10.50 | 11.82 | 10.80 | 16.31 | 16.56 | 15.96 | 16.58 | 14.55 | 15.03 | 20.01 | 16.31 |
| EV / EBIT | 12.04 | 14.22 | 130.79 | 21.89 | 71.54 | 78.18 | 17.89 | — | 10.22 | 19.95 | 17.11 |
| EV / FCF | — | 21.64 | 22.65 | 38.47 | 32.47 | 30.86 | 26.96 | 24.83 | 34.26 | 61.06 | 52.59 |
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 | 51.6% | 51.6% | 51.0% | 49.3% | 50.9% | 52.1% | 51.9% | 51.8% | 50.5% | 50.4% | 48.3% |
| Operating Margin | 31.3% | 31.3% | 35.5% | 31.5% | 31.6% | 32.9% | 33.2% | 33.2% | 32.7% | 30.1% | 30.7% |
| Net Profit Margin | 18.5% | 18.5% | -0.8% | 17.3% | -0.8% | -0.5% | 23.2% | -0.1% | 42.3% | 30.4% | 20.9% |
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 21.7% | 21.7% | -0.9% | 18.4% | -0.7% | -0.3% | 15.1% | -0.1% | 32.9% | 30.8% | 22.6% |
| ROA | 7.7% | 7.7% | -0.3% | 6.9% | -0.3% | -0.2% | 7.3% | -0.0% | 13.8% | 11.8% | 8.6% |
| ROIC | 11.1% | 11.1% | 13.0% | 10.7% | 10.1% | 9.2% | 8.6% | 8.1% | 8.9% | 10.0% | 11.0% |
| ROCE | 15.5% | 15.5% | 18.0% | 14.2% | 13.3% | 11.9% | 11.2% | 10.8% | 11.9% | 13.2% | 14.7% |
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 | 1.34 | 1.34 | 1.70 | 1.25 | 1.48 | 0.91 | 0.79 | 1.02 | 1.06 | 1.26 | 1.34 |
| Debt / EBITDA | 3.41 | 3.41 | 2.98 | 3.52 | 3.84 | 3.37 | 3.48 | 4.09 | 4.39 | 3.82 | 3.63 |
| Net Debt / Equity | — | 1.32 | 1.69 | 1.23 | 1.47 | 0.89 | 0.76 | 1.02 | 1.05 | 1.25 | 1.32 |
| Net Debt / EBITDA | 3.38 | 3.38 | 2.96 | 3.48 | 3.80 | 3.31 | 3.33 | 4.07 | 4.36 | 3.79 | 3.56 |
| Debt / FCF | — | 6.19 | 6.22 | 8.21 | 7.45 | 6.41 | 5.42 | 6.94 | 9.94 | 11.55 | 11.49 |
| Interest Coverage | 7.74 | 7.74 | 0.82 | 6.12 | 1.96 | 1.88 | 7.64 | -1.20 | 11.01 | 7.95 | 7.32 |
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 | 1.08 | 1.08 | 0.92 | 1.19 | 1.18 | 1.23 | 2.40 | 1.51 | 1.16 | 1.79 | 1.20 |
| Quick Ratio | 0.55 | 0.55 | 0.56 | 0.53 | 0.54 | 0.65 | 1.38 | 0.91 | 0.49 | 0.71 | 0.47 |
| Cash Ratio | 0.04 | 0.04 | 0.02 | 0.05 | 0.04 | 0.07 | 0.36 | 0.04 | 0.03 | 0.05 | 0.07 |
| Asset Turnover | — | 0.42 | 0.47 | 0.39 | 0.38 | 0.34 | 0.32 | 0.31 | 0.28 | 0.37 | 0.39 |
| Inventory Turnover | 3.09 | 3.09 | 3.48 | 2.43 | 2.44 | 2.68 | 3.21 | 2.93 | 1.88 | 1.80 | 1.94 |
| Days Sales Outstanding | — | 37.83 | 35.50 | 39.59 | 41.53 | 46.31 | 46.13 | 53.16 | 57.02 | 53.30 | 41.70 |
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 | 3.0% | 2.6% | 2.3% | 1.4% | 1.4% | 1.4% | 1.4% | 1.7% | 1.7% | 0.9% | 1.0% |
| Payout Ratio | 42.4% | 42.4% | — | 37.8% | — | — | 28.8% | — | 16.2% | 17.4% | 20.5% |
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 7.0% | 6.1% | — | 3.8% | — | — | 4.8% | — | 10.4% | 5.4% | 4.7% |
| FCF Yield | 7.7% | 6.5% | 6.1% | 3.3% | 4.0% | 4.1% | 4.6% | 5.6% | 4.1% | 2.0% | 2.4% |
| Buyback Yield | 4.0% | 3.3% | 3.5% | 0.5% | 7.4% | 3.4% | 0.0% | 0.2% | 1.5% | 2.4% | 3.5% |
| Total Shareholder Yield | 6.9% | 5.9% | 5.8% | 2.0% | 8.8% | 4.8% | 1.4% | 1.9% | 3.2% | 3.3% | 4.4% |
| Shares Outstanding | — | $176M | $181M | $184M | $193M | $190M | $195M | $189M | $196M | $201M | $204M |
Water scarcity in Mexico
STZ's P/E of 14.24 and EV/EBITDA of 10.50 trade at a discount to BUD and DEO, reflecting market skepticism about sustained growth despite a 31.33% operating margin, per reported financials.
The forward P/E of 11.64 implies the market is pricing in further earnings contraction, likely due to the 10.5% revenue decline and uncertainty around beer volume trends. Relative to BUD's 28.44 P/E, STZ's discount appears excessive given its superior margin profile and protected market position, suggesting either a value trap or an opportunity if depletion rates stabilize.
Gross margin expanded to 54.3% in 2027Q1 from 50.4% a year earlier, while operating margin reached 34.7%, indicating pricing power and cost control, as disclosed in SEC filings.
The 31.33% operating margin is among the highest in the beverage peer group, driven by the beer segment's premium positioning and fixed-cost absorption. However, the net margin of 26.9% in 2027Q1 is inflated by non-recurring gains; adjusting for Canopy Growth volatility, core net margins likely hover near 20%, still robust but not as exceptional as headline figures suggest.
ROIC has remained in a narrow 2.0%-3.8% range over the past ten quarters, averaging 3.0%, suggesting that high margins are offset by capital intensity, per financial statements.
Despite operating margins above 30%, ROIC has not improved meaningfully because the asset base—particularly brewery and glass facilities—has grown faster than NOPAT. The 0.11 asset turnover in 2027Q1 is low, reflecting the heavy capital required to maintain the beer supply chain. Investors should monitor whether the recent capex cycle yields higher turnover or if returns remain capped.
The cash conversion cycle extended to 120 days in 2024Q4, though it improved to 70 days by 2027Q1, driven by slower inventory turnover and extended DPO, as reported in financial data.
The DIO of 119 days in 2027Q1 remains elevated, indicating significant inventory buildup—likely due to beer production ahead of peak seasons and glass manufacturing stockpiles. While DPO of 81 days provides some supplier leverage, the CCC of 70 days still ties up substantial cash. The improvement from 120 days is positive, but the cycle remains longer than pre-pandemic levels, suggesting working capital efficiency has structurally deteriorated.
Debt-to-equity declined from 1.70 in 2025Q4 to 1.23 in 2027Q1, while interest coverage improved to 9.86x, indicating manageable leverage, per SEC filings.
Total debt has been reduced by $2.1B over ten quarters, a deliberate deleveraging that strengthens the balance sheet. The D/EBITDA of 12.45 in 2027Q1 is high relative to BUD's 9.56, but interest coverage of 9.86x provides ample cushion. The risk is not near-term solvency but rather the ability to refinance at higher rates; with $10.5B in debt, a 100bp rate increase would add ~$105M in annual interest, manageable given operating income of $1.2B in 2027Q1.
The P/E ratio is commonly misapplied to STZ because reported net income is distorted by Canopy Growth fair value adjustments, obscuring the beer segment's stable cash generation, per financial data.
Over the past ten quarters, net income swung from -$1.2B to +$653.8M due to equity method losses and impairments from the Canopy Growth investment. A more reliable metric is EV/EBITDA, which at 10.50x reflects the core beer business's operating earnings before these distortions. Alternatively, P/FCF of 13.03x provides a cleaner view of cash generation, as free cash flow has been more consistent than net income. Analysts should adjust for Canopy by using segment-level EBITDA or normalizing net income to exclude investment volatility.
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying STZ stock.
Constellation Brands, Inc.'s current P/E ratio is 14.2x. The historical average is 18.1x. This places it at the 33th percentile of its historical range.
Constellation Brands, Inc.'s current EV/EBITDA is 10.5x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 12.8x.
Constellation Brands, Inc.'s return on equity (ROE) is 21.7%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 13.1%.
Based on historical data, Constellation Brands, Inc. is trading at a P/E of 14.2x. This is at the 33th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Constellation Brands, Inc.'s current dividend yield is 2.98% with a payout ratio of 42.4%.
Constellation Brands, Inc. has 51.6% gross margin and 31.3% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
Constellation Brands, Inc.'s Debt/EBITDA ratio is 3.4x, indicating high leverage. A ratio between 2-4x is manageable but warrants monitoring.