Latest Ratios: P/E Ratio 25.7x · EV/EBITDA 11.9x · ROE 15.3%. (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 | $6.4B | $6.5B | $6.2B | $6.0B | $8.9B | $22.2B | $31.2B | $23.1B | $32.8B | $28.0B | $21.2B |
| Enterprise Value | $10.6B | $10.7B | $11.1B | $12.6B | $16.2B | $27.7B | $37.7B | $27.0B | $35.0B | $31.1B | $22.3B |
| P/E Ratio → | 25.70 | 25.62 | — | — | 73.90 | 16.02 | 76.43 | 33.99 | 25.97 | 110.73 | 19.77 |
| P/S Ratio | 0.67 | 0.68 | 0.65 | 0.60 | 0.80 | 1.87 | 3.37 | 2.20 | 3.19 | 2.44 | 1.92 |
| P/B Ratio | 3.52 | 3.51 | 4.14 | 3.59 | 3.05 | 6.28 | 10.20 | 6.88 | 7.62 | 7.59 | 4.29 |
| P/FCF | 12.75 | 12.84 | 18.16 | 7.41 | — | 41.40 | 30.00 | 42.75 | 23.48 | — | 16.81 |
| P/OCF | 9.60 | 9.67 | 13.24 | 5.87 | — | 25.67 | 23.74 | 26.43 | 19.69 | — | 14.31 |
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 | — | 1.11 | 1.17 | 1.27 | 1.46 | 2.34 | 4.08 | 2.57 | 3.41 | 2.70 | 2.02 |
| EV / EBITDA | 11.94 | 12.00 | 19.74 | 76.87 | 12.97 | 14.64 | 43.58 | 22.55 | 24.21 | 18.81 | 13.03 |
| EV / EBIT | 17.46 | 20.97 | 23.57 | 26.49 | 18.23 | 16.42 | 47.62 | 20.92 | 28.04 | 22.53 | 14.26 |
| EV / FCF | — | 21.07 | 32.71 | 15.65 | — | 51.70 | 36.30 | 49.85 | 25.09 | — | 17.68 |
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 | 54.8% | 54.8% | 53.5% | 51.6% | 52.3% | 54.5% | 53.2% | 55.5% | 54.8% | 51.2% | 49.5% |
| Operating Margin | 6.3% | 6.3% | 3.2% | -1.5% | 9.0% | 13.8% | 6.6% | 8.8% | 11.6% | 11.9% | 13.2% |
| Net Profit Margin | 2.7% | 2.7% | -2.0% | -9.8% | 1.1% | 11.7% | 4.4% | 6.5% | 12.3% | 5.7% | 9.7% |
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 15.3% | 15.3% | -12.1% | -42.4% | 3.7% | 42.1% | 12.7% | 17.7% | 31.5% | 15.3% | 20.8% |
| ROA | 2.7% | 2.7% | -1.8% | -7.6% | 0.9% | 10.2% | 3.3% | 6.3% | 12.2% | 6.6% | 11.1% |
| ROIC | 7.3% | 7.3% | 3.1% | -1.2% | 7.8% | 13.1% | 5.4% | 10.1% | 13.4% | 16.0% | 17.7% |
| ROCE | 8.8% | 8.8% | 4.1% | -1.5% | 9.8% | 15.1% | 6.2% | 11.7% | 16.0% | 18.1% | 18.6% |
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 | 2.69 | 2.69 | 3.61 | 4.48 | 2.80 | 1.93 | 2.41 | 1.55 | 0.65 | 1.02 | 0.47 |
| Debt / EBITDA | 5.61 | 5.61 | 9.55 | 45.44 | 6.52 | 3.59 | 8.51 | 4.36 | 1.93 | 2.27 | 1.36 |
| Net Debt / Equity | — | 2.25 | 3.32 | 3.99 | 2.52 | 1.56 | 2.14 | 1.14 | 0.52 | 0.83 | 0.22 |
| Net Debt / EBITDA | 4.69 | 4.69 | 8.78 | 40.46 | 5.87 | 2.92 | 7.56 | 3.21 | 1.55 | 1.86 | 0.64 |
| Debt / FCF | — | 8.23 | 14.55 | 8.24 | — | 10.30 | 6.30 | 7.11 | 1.61 | — | 0.87 |
| Interest Coverage | 3.05 | 3.05 | 2.70 | 2.55 | 5.84 | 12.37 | 5.84 | 14.00 | 11.59 | 56.51 | 16.49 |
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 | 1.84 | 1.84 | 1.40 | 1.22 | 1.45 | 1.38 | 2.17 | 1.66 | 1.76 | 1.49 | 2.40 |
| Quick Ratio | 1.21 | 1.21 | 0.80 | 0.56 | 0.81 | 0.96 | 1.68 | 1.23 | 1.32 | 0.90 | 1.53 |
| Cash Ratio | 0.38 | 0.38 | 0.16 | 0.24 | 0.23 | 0.38 | 0.64 | 0.45 | 0.20 | 0.22 | 0.69 |
| Asset Turnover | — | 1.03 | 1.01 | 0.85 | 0.79 | 0.89 | 0.67 | 0.94 | 0.99 | 1.11 | 1.13 |
| Inventory Turnover | 3.17 | 3.17 | 2.72 | 2.09 | 2.31 | 3.80 | 4.07 | 3.61 | 3.96 | 3.01 | 3.55 |
| Days Sales Outstanding | — | 54.26 | 50.75 | 59.36 | 53.00 | 45.24 | 51.28 | 45.52 | 48.89 | 44.74 | 39.65 |
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 | 2.2% | 2.2% | 2.3% | 5.1% | 7.9% | 3.5% | 2.4% | 3.2% | 2.3% | 0.6% | 3.0% |
| Payout Ratio | 55.2% | 55.2% | — | — | 592.7% | 55.7% | 185.5% | 110.2% | 60.9% | 27.5% | 59.2% |
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 3.9% | 3.9% | — | — | 1.4% | 6.2% | 1.3% | 2.9% | 3.9% | 0.9% | 5.1% |
| FCF Yield | 7.8% | 7.8% | 5.5% | 13.5% | — | 2.4% | 3.3% | 2.3% | 4.3% | — | 5.9% |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 1.6% | 0.0% | 4.3% | 0.5% | 0.9% | 4.7% |
| Total Shareholder Yield | 2.2% | 2.2% | 2.3% | 5.1% | 7.9% | 5.1% | 2.4% | 7.6% | 2.8% | 1.5% | 7.7% |
| Shares Outstanding | — | $396M | $393M | $388M | $388M | $392M | $392M | $400M | $400M | $401M | $422M |
High leverage and brand relevance
According to current market data, VFC trades at a forward P/E of 21.07, which appears to discount the company's historical earnings power while reflecting significant investor apprehension regarding the long-term viability of its core lifestyle footwear brands and the success of ongoing restructuring initiatives.
The current valuation multiple suggests that the market is pricing in a permanent impairment to the company's growth profile rather than a cyclical trough. Investors should monitor whether the forward P/E compression indicates a realistic expectation of earnings recovery or if the market is simply assigning a lower terminal value to the multi-brand platform model.
Based on reported financial figures, VFC's ROIC has struggled to maintain positive territory, recently hovering near 0.8% in 2026Q4, which indicates a significant erosion in the company's ability to generate value from its invested capital compared to historical performance and industry peers.
The persistent decline in ROIC suggests that the capital allocated to recent acquisitions and brand development is failing to meet the company's cost of capital. This trend warrants further investigation into whether the current asset disposal program will be sufficient to improve capital efficiency or if the underlying brand portfolio remains structurally over-capitalized.
As reported in recent SEC filings, VFC's cash conversion cycle reached 117 days in 2026Q4, a figure that highlights the company's ongoing difficulty in managing inventory turnover and wholesale collection cycles within a volatile consumer environment.
The elevated days inventory outstanding (DIO) of 146 days suggests that the company is carrying significant excess stock, which may necessitate further promotional activity and margin dilution. This inefficiency appears to be a structural drag on cash flow, limiting the company's ability to self-fund its operational turnaround.
Based on the company's financial statements, the debt-to-equity ratio of 2.69x as of 2026Q4 underscores a precarious balance sheet position that limits management's ability to pursue growth-oriented capital allocation while simultaneously navigating a high-interest rate environment.
The interest coverage ratio, which recently dipped into negative territory, suggests that debt service is becoming increasingly burdensome relative to operating income. Investors should monitor the company's ability to refinance upcoming maturities, as the current leverage profile leaves little room for operational error.
The P/E ratio is frequently misapplied to VFC, as it obscures the significant impact of non-cash impairment charges and restructuring costs that distort the company's true recurring earnings power in the current turnaround phase.
Analysts should instead focus on EV/EBITDA or P/FCF to better capture the company's operational cash generation, as these metrics are less sensitive to the accounting noise inherent in the current brand portfolio write-downs. Relying solely on P/E may lead to an inaccurate assessment of the company's valuation floor.
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying VFC stock.
V.F. Corporation's current P/E ratio is 25.7x. The historical average is 25.5x. This places it at the 74th percentile of its historical range.
V.F. Corporation's current EV/EBITDA is 11.9x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 14.4x.
V.F. Corporation's return on equity (ROE) is 15.3%. The historical average is 14.5%.
Based on historical data, V.F. Corporation is trading at a P/E of 25.7x. This is at the 74th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
V.F. Corporation's current dividend yield is 2.16% with a payout ratio of 55.2%.
V.F. Corporation has 54.8% gross margin and 6.3% operating margin.
V.F. Corporation's Debt/EBITDA ratio is 5.6x, indicating high leverage. A ratio above 4x may signal elevated financial risk.