Latest Ratios: P/E Ratio 16.4x · EV/EBITDA 10.6x · ROE 11.1%. (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 | $1.2B | $1.0B | $1.6B | $1.9B | $1.3B | $3.2B | $2.1B | $1.6B | $883M | $598M | $598M |
| Enterprise Value | $2.9B | $2.8B | $3.2B | $3.4B | $2.9B | $5.0B | $2.5B | $2.1B | $1.3B | $1.2B | $1.2B |
| P/E Ratio → | 16.41 | 14.05 | 13.20 | — | 107.38 | 23.78 | 10.27 | 9.30 | 101.19 | 92.50 | — |
| P/S Ratio | 0.25 | 0.22 | 0.38 | 0.47 | 0.31 | 0.70 | 0.76 | 0.60 | 0.33 | 0.22 | 0.20 |
| P/B Ratio | 1.73 | 1.48 | 2.59 | 3.33 | 2.53 | 6.26 | 3.61 | 3.52 | 3.08 | 2.19 | 2.26 |
| P/FCF | 4.99 | 4.31 | 33.68 | 12.71 | 3.27 | 9.73 | 10.57 | 8.31 | 4.43 | 13.26 | 2.04 |
| P/OCF | 3.90 | 3.37 | 15.58 | 9.32 | 2.84 | 8.18 | 9.03 | 7.49 | 3.88 | 5.41 | 1.69 |
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 | — | 0.59 | 0.73 | 0.85 | 0.67 | 1.08 | 0.87 | 0.77 | 0.48 | 0.44 | 0.41 |
| EV / EBITDA | 10.64 | 10.04 | 9.21 | 11.75 | 10.13 | 11.04 | 8.34 | 6.53 | 10.13 | 77.09 | 94.77 |
| EV / EBIT | 13.11 | 12.51 | 10.94 | 20.29 | 19.17 | 18.74 | 10.29 | 8.08 | 12.97 | — | — |
| EV / FCF | — | 11.58 | 65.09 | 22.97 | 7.03 | 15.07 | 12.14 | 10.60 | 6.35 | 26.57 | 4.19 |
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 | 34.4% | 34.4% | 48.1% | 50.7% | 49.0% | 48.8% | 59.4% | 61.6% | 63.5% | 63.6% | 65.3% |
| Operating Margin | 4.8% | 4.8% | 6.7% | 4.1% | 3.5% | 6.1% | 8.4% | 9.5% | 2.1% | -2.3% | -2.2% |
| Net Profit Margin | 1.6% | 1.6% | 2.9% | -0.1% | 0.3% | 2.9% | 7.4% | 6.5% | 0.3% | 0.2% | -3.8% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 11.1% | 11.1% | 20.8% | -1.0% | 2.4% | 24.4% | 39.6% | 46.6% | 3.0% | 2.5% | -30.8% |
| ROA | 2.5% | 2.5% | 4.6% | -0.2% | 0.4% | 5.7% | 12.5% | 11.6% | 0.6% | 0.4% | -6.3% |
| ROIC | 7.3% | 7.3% | 10.4% | 5.9% | 5.1% | 13.2% | 19.6% | 24.2% | 5.5% | -5.4% | -4.4% |
| ROCE | 9.5% | 9.5% | 13.7% | 7.6% | 6.3% | 14.6% | 19.1% | 22.5% | 5.1% | -5.2% | -4.5% |
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 | 2.67 | 2.67 | 2.52 | 2.86 | 3.19 | 3.64 | 0.80 | 1.12 | 1.88 | 2.47 | 2.73 |
| Debt / EBITDA | 6.74 | 6.74 | 4.62 | 5.57 | 5.93 | 4.15 | 1.62 | 1.64 | 4.32 | 43.32 | 55.96 |
| Net Debt / Equity | — | 2.50 | 2.42 | 2.69 | 2.91 | 3.43 | 0.53 | 0.97 | 1.34 | 2.20 | 2.37 |
| Net Debt / EBITDA | 6.31 | 6.31 | 4.44 | 5.25 | 5.42 | 3.91 | 1.08 | 1.41 | 3.08 | 38.62 | 48.59 |
| Debt / FCF | — | 7.27 | 31.41 | 10.26 | 3.76 | 5.33 | 1.57 | 2.29 | 1.93 | 13.31 | 2.15 |
| Interest Coverage | 1.96 | 1.96 | 2.61 | 1.47 | 1.70 | 3.74 | 15.54 | 8.21 | 2.27 | -1.40 | -1.40 |
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 | 2.52 | 2.52 | 2.91 | 2.46 | 2.43 | 0.55 | 0.68 | 0.52 | 0.85 | 0.75 | 0.69 |
| Quick Ratio | 0.67 | 0.67 | 2.91 | 0.42 | 0.51 | 0.53 | 0.67 | 0.51 | 0.84 | -2.32 | 0.68 |
| Cash Ratio | 0.17 | 0.17 | 0.12 | 0.15 | 0.24 | 0.25 | 0.35 | 0.18 | 0.47 | 0.26 | 0.29 |
| Asset Turnover | — | 1.43 | 1.63 | 1.47 | 1.54 | 1.53 | 1.61 | 1.69 | 1.90 | 1.90 | 1.85 |
| Inventory Turnover | 2.33 | 2.33 | — | 1.59 | 1.91 | 366.66 | 209.97 | 210.29 | 253.60 | 1.13 | 283.33 |
| Days Sales Outstanding | — | 15.80 | 13.22 | 10.15 | 9.62 | 10.06 | 11.67 | 11.50 | 9.55 | 9.43 | 8.60 |
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 | 7.3% | 8.5% | 5.0% | 4.4% | 6.0% | 2.2% | 3.0% | 0.8% | — | 2.1% | 4.3% |
| Payout Ratio | 120.0% | 120.0% | 66.7% | — | 640.8% | 53.0% | 30.3% | 7.9% | — | 192.6% | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 6.1% | 7.1% | 7.6% | — | 0.9% | 4.2% | 9.7% | 10.7% | 1.0% | 1.1% | — |
| FCF Yield | 20.0% | 23.2% | 3.0% | 7.9% | 30.6% | 10.3% | 9.5% | 12.0% | 22.6% | 7.5% | 49.0% |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 2.7% | 5.6% | 12.1% | 1.2% | 0.1% | 0.0% | 0.0% | 0.1% |
| Total Shareholder Yield | 7.3% | 8.5% | 5.0% | 7.1% | 11.6% | 14.4% | 4.2% | 0.9% | 0.0% | 2.1% | 4.3% |
| Shares Outstanding | — | $59M | $56M | $55M | $59M | $67M | $56M | $56M | $55M | $54M | $53M |
Subprime credit and leverage
According to current market data, UPBD trades at a forward P/E of 4.87, which, when compared to its TTM P/E of 16.35, suggests that investors are pricing in significant earnings recovery that may be difficult to achieve given the company's historical margin volatility and integration challenges.
The wide gap between trailing and forward multiples indicates that the market is heavily discounting the company's near-term earnings potential. This valuation suggests a high degree of skepticism regarding the sustainability of the Acima platform's contribution to bottom-line growth.
As reported in financial statements, UPBD's ROIC has struggled to exceed 3.5% over the last ten quarters, indicating that the company is failing to generate returns on invested capital that meaningfully exceed its cost of capital, a trend that warrants further investigation by long-term shareholders.
The persistent low ROIC suggests that the capital-intensive nature of the hybrid store-and-digital model is not yet yielding the expected synergies. Investors should monitor whether management can improve asset utilization or if the current capital structure is inherently inefficient for this business model.
Based on reported figures, the company's cash conversion cycle has shown extreme volatility, reaching as high as 194 days in 2023Q4, which suggests that the firm faces significant challenges in managing its inventory and lease receivables effectively compared to more streamlined digital-only competitors.
The erratic nature of the CCC highlights the difficulty of managing a physical inventory-heavy business alongside a virtual lease-to-own platform. This inefficiency likely ties up significant liquidity, limiting the company's ability to pivot quickly in response to shifts in consumer credit health.
According to recent quarterly filings, the current ratio plummeted to 0.73 in 2026Q1 from a peak of 3.79 in 2024Q2, signaling a potential tightening of short-term liquidity that could leave the company vulnerable to sudden shocks in the subprime consumer credit market.
This rapid decline in the current ratio suggests that the company's ability to cover short-term obligations has deteriorated significantly. Investors should monitor whether this is a temporary anomaly related to debt restructuring or a structural shift in the company's liquidity management strategy.
The most commonly misapplied metric for UPBD is the P/S ratio, which obscures the fundamental difference between one-time retail sales and recurring lease income, leading to an inaccurate assessment of the company's true revenue quality and its long-term margin potential in the fintech space.
Using P/S ignores the high depreciation costs associated with lease merchandise, which are not present in traditional retail. Analysts should instead focus on FCF yield or adjusted EBITDA to better capture the cash-generating capacity of the lease portfolio after accounting for necessary asset replenishment.
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying UPBD stock.
Upbound Group, Inc.'s current P/E ratio is 16.4x. The historical average is 25.7x. This places it at the 63th percentile of its historical range.
Upbound Group, Inc.'s current EV/EBITDA is 10.6x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 12.5x.
Upbound Group, Inc.'s return on equity (ROE) is 11.1%. The historical average is 10.1%.
Based on historical data, Upbound Group, Inc. is trading at a P/E of 16.4x. This is at the 63th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Upbound Group, Inc.'s current dividend yield is 7.31% with a payout ratio of 120.0%.
Upbound Group, Inc. has 34.4% gross margin and 4.8% operating margin.
Upbound Group, Inc.'s Debt/EBITDA ratio is 6.7x, indicating high leverage. A ratio above 4x may signal elevated financial risk.