Latest Ratios: P/E Ratio 38.1x · EV/EBITDA 12.4x · 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 | $96M | $110M | $178M | $196M | $79M | $47M | $43M | $65M | $65M | $72M | $67M |
| Enterprise Value | $122M | $136M | $193M | $203M | $117M | $81M | $78M | $108M | $86M | $88M | $71M |
| P/E Ratio → | 38.06 | 43.69 | 8.26 | 8.94 | 4.80 | — | — | 27.60 | — | — | 2.95 |
| P/S Ratio | 0.48 | 0.55 | 0.67 | 0.73 | 0.34 | 0.26 | 0.28 | 0.34 | 0.33 | 0.38 | 0.39 |
| P/B Ratio | 0.91 | 1.04 | 1.63 | 2.15 | 1.17 | 1.00 | 0.80 | 1.19 | 1.15 | 1.20 | 1.13 |
| P/FCF | — | — | 6.65 | 9.04 | — | — | 7.68 | 11.72 | — | — | 46.20 |
| P/OCF | — | — | 5.39 | 7.28 | — | — | 5.56 | 6.66 | 27.67 | 42.60 | 11.46 |
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 | — | 0.68 | 0.73 | 0.75 | 0.51 | 0.44 | 0.51 | 0.56 | 0.43 | 0.46 | 0.41 |
| EV / EBITDA | 12.42 | 13.90 | 5.76 | 5.49 | 7.70 | 19.24 | 13.45 | 9.21 | 10.60 | 8.28 | 6.51 |
| EV / EBIT | 33.27 | 36.19 | 6.72 | 6.36 | 11.67 | — | — | 20.74 | 80.13 | 22.18 | 12.01 |
| EV / FCF | — | — | 7.21 | 9.35 | — | — | 13.88 | 19.41 | — | — | 49.10 |
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 | 40.7% | 40.7% | 43.1% | 43.1% | 36.9% | 33.0% | 35.9% | 37.1% | 33.4% | 34.6% | 36.1% |
| Operating Margin | 1.8% | 1.8% | 10.5% | 11.8% | 4.6% | -0.2% | 0.5% | 3.1% | 1.2% | 2.7% | 3.4% |
| Net Profit Margin | 1.3% | 1.3% | 8.1% | 8.1% | 7.2% | -8.2% | -1.5% | 1.2% | -0.8% | -1.7% | 13.1% |
| 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% | 21.6% | 27.5% | 28.7% | -29.8% | -4.1% | 4.3% | -2.8% | -5.4% | 49.1% |
| ROA | 1.4% | 1.4% | 12.8% | 14.8% | 12.0% | -12.0% | -1.7% | 1.8% | -1.3% | -2.9% | 23.0% |
| ROIC | 2.1% | 2.1% | 18.8% | 23.5% | 8.5% | -0.3% | 0.6% | 5.1% | 2.3% | 5.5% | 8.7% |
| ROCE | 2.4% | 2.4% | 21.0% | 30.4% | 11.1% | -0.3% | 0.7% | 5.8% | 2.6% | 5.9% | 7.8% |
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 | 0.38 | 0.38 | 0.38 | 0.13 | 0.57 | 0.75 | 0.65 | 0.80 | 0.38 | 0.28 | 0.08 |
| Debt / EBITDA | 4.12 | 4.12 | 1.25 | 0.32 | 2.55 | 8.37 | 6.08 | 3.75 | 2.64 | 1.57 | 0.46 |
| Net Debt / Equity | — | 0.24 | 0.14 | 0.07 | 0.55 | 0.72 | 0.65 | 0.78 | 0.36 | 0.27 | 0.07 |
| Net Debt / EBITDA | 2.65 | 2.65 | 0.45 | 0.18 | 2.48 | 8.04 | 6.01 | 3.65 | 2.55 | 1.52 | 0.38 |
| Debt / FCF | — | — | 0.56 | 0.31 | — | — | 6.20 | 7.69 | — | — | 2.90 |
| Interest Coverage | 12.54 | 12.54 | 82.44 | 11.91 | 5.06 | -2.12 | -0.93 | 2.11 | 0.49 | 2.56 | 4.88 |
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 | 3.09 | 3.09 | 2.98 | 2.31 | 1.84 | 1.90 | 2.31 | 2.32 | 1.96 | 2.01 | 2.25 |
| Quick Ratio | 1.31 | 1.31 | 1.36 | 0.80 | 0.45 | 0.59 | 0.57 | 0.60 | 0.49 | 0.49 | 0.59 |
| Cash Ratio | 0.45 | 0.45 | 0.78 | 0.14 | 0.02 | 0.04 | 0.02 | 0.05 | 0.02 | 0.02 | 0.04 |
| Asset Turnover | — | 1.15 | 1.39 | 1.84 | 1.54 | 1.46 | 1.22 | 1.39 | 1.63 | 1.62 | 1.60 |
| Inventory Turnover | 2.09 | 2.09 | 2.72 | 2.62 | 2.16 | 2.62 | 2.56 | 2.80 | 2.83 | 2.94 | 3.11 |
| Days Sales Outstanding | — | 31.91 | 23.39 | 31.44 | 29.26 | 35.62 | 23.85 | 22.92 | 24.49 | 22.34 | 21.90 |
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 | 1.6% | 1.4% | 0.8% | 0.2% | — | — | — | — | 1.4% | — | — |
| Payout Ratio | 61.4% | 61.4% | 6.8% | 1.5% | — | — | — | — | — | — | — |
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 2.6% | 2.3% | 12.1% | 11.2% | 20.8% | — | — | 3.6% | — | — | 33.9% |
| FCF Yield | — | — | 15.0% | 11.1% | — | — | 13.0% | 8.5% | — | — | 2.2% |
| Buyback Yield | 4.2% | 3.6% | 2.1% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.5% | 0.4% |
| Total Shareholder Yield | 5.8% | 5.1% | 3.0% | 0.2% | 0.0% | 0.0% | 0.0% | 0.0% | 1.4% | 0.5% | 0.4% |
| Shares Outstanding | — | $16M | $16M | $16M | $16M | $16M | $16M | $16M | $15M | $15M | $15M |
K-12 budget cyclicality
According to recent market data, VIRC trades at a trailing P/E of 39.66, which appears disconnected from its current earnings contraction, while the forward P/E of 8.94 suggests that investors are pricing in a significant recovery in profitability that remains highly dependent on future school district spending.
The wide gap between trailing and forward multiples indicates that the market is heavily discounting current earnings volatility in favor of a normalized future state. Investors should monitor whether this valuation discount relative to peers like Steelcase is justified by the company's unique, albeit volatile, K-12 logistics moat.
As reported in financial statements, VIRC's ROIC has experienced significant decay, falling from a peak of 12.9% in 2025Q2 to -2.0% in 2027Q1, illustrating the difficulty of compounding returns when the underlying revenue base is subject to extreme seasonal swings and post-stimulus demand cliffs.
The sharp decline in ROIC suggests that the company's capital-intensive manufacturing and logistics footprint is currently underutilized. This trend warrants further investigation into whether management can optimize asset turnover during off-peak periods to prevent further erosion of shareholder value.
Based on reported figures, VIRC's cash conversion cycle has ballooned to 343 days in 2027Q1, a dramatic increase from 99 days in 2025Q2, primarily driven by the massive inventory accumulation required to support the company's specialized summer delivery model for the K-12 education market.
The extreme length of the cash conversion cycle highlights the inherent risk in the company's 'Plan-to-Install' model, where capital is tied up in inventory for the majority of the year. This inefficiency suggests that the company's liquidity is highly sensitive to the timing and volume of summer school furniture installations.
The P/E ratio is frequently misapplied to VIRC, as it obscures the company's true earning power by failing to account for the extreme quarterly revenue concentration and the high fixed-cost burden inherent in its proprietary logistics and manufacturing infrastructure during the off-peak winter months.
Investors should instead focus on EV/EBITDA or normalized annual cash flow metrics to better assess the company's underlying value. Relying on P/E ratios in a business model defined by seasonal losses and inventory-heavy cycles may lead to an inaccurate assessment of the firm's long-term operational viability.
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying VIRC stock.
Virco Mfg. Corporation's current P/E ratio is 38.1x. The historical average is 17.0x. This places it at the 88th percentile of its historical range.
Virco Mfg. Corporation's current EV/EBITDA is 12.4x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 10.0x.
Virco Mfg. Corporation's return on equity (ROE) is 2.4%. The historical average is 2.6%.
Based on historical data, Virco Mfg. Corporation is trading at a P/E of 38.1x. This is at the 88th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Virco Mfg. Corporation's current dividend yield is 1.64% with a payout ratio of 61.4%.
Virco Mfg. Corporation has 40.7% gross margin and 1.8% operating margin.
Virco Mfg. Corporation's Debt/EBITDA ratio is 4.1x, indicating high leverage. A ratio above 4x may signal elevated financial risk.