Latest Ratios: P/E Ratio -2.2x · EV/EBITDA 249.6x · ROE -30.8%. (2009–2026 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 | $109M | $69M | $108M | $240M | $187M | $282M | $287M | $328M | $317M | $335M | $424M |
| Enterprise Value | $161M | $121M | $167M | $244M | $235M | $293M | $336M | $414M | $204M | $266M | $337M |
| P/E Ratio → | -2.25 | — | — | 30.72 | — | 15.75 | 32.50 | 20.38 | 15.17 | 48.89 | 21.62 |
| P/S Ratio | 0.41 | 0.26 | 0.29 | 0.51 | 0.37 | 0.52 | 0.61 | 0.66 | 0.76 | 0.74 | 0.87 |
| P/B Ratio | 0.84 | 0.52 | 0.60 | 0.93 | 0.72 | 0.79 | 0.83 | 0.98 | 1.08 | 1.17 | 1.49 |
| P/FCF | 10.84 | 6.85 | — | 5.44 | — | 8.21 | 19.16 | 44.95 | 8.96 | 10.86 | 9.54 |
| P/OCF | 8.17 | 5.16 | — | 5.01 | — | 7.08 | 13.84 | 15.93 | 7.29 | 7.85 | 6.50 |
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 | — | 0.45 | 0.45 | 0.52 | 0.47 | 0.54 | 0.72 | 0.84 | 0.49 | 0.58 | 0.69 |
| EV / EBITDA | 249.57 | 187.37 | — | 5.77 | — | 4.90 | 5.93 | 6.34 | 4.67 | 7.70 | 7.07 |
| EV / EBIT | — | — | — | 15.39 | — | 10.89 | 25.74 | 21.24 | 7.53 | 17.75 | 11.95 |
| EV / FCF | — | 12.01 | — | 5.52 | — | 8.53 | 22.48 | 56.61 | 5.76 | 8.63 | 7.60 |
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 | 46.4% | 46.4% | 50.2% | 54.5% | 47.8% | 53.3% | 56.7% | 54.9% | 57.3% | 55.9% | 56.8% |
| Operating Margin | -10.2% | -10.2% | -11.4% | 2.2% | -19.0% | 5.0% | 2.8% | 3.9% | 6.5% | 3.3% | 5.8% |
| Net Profit Margin | -17.7% | -17.7% | -16.7% | 1.7% | -11.9% | 3.3% | 1.9% | 3.2% | 5.0% | 1.5% | 4.1% |
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -30.8% | -30.8% | -28.3% | 3.0% | -19.3% | 5.1% | 2.6% | 5.1% | 7.2% | 2.5% | 6.9% |
| ROA | -17.7% | -17.7% | -18.1% | 2.0% | -13.0% | 3.5% | 1.7% | 3.6% | 5.8% | 1.9% | 5.2% |
| ROIC | -9.8% | -9.8% | -12.7% | 2.7% | -20.9% | 5.3% | 2.4% | 4.9% | 10.2% | 5.4% | 11.0% |
| ROCE | -12.8% | -12.8% | -14.8% | 3.2% | -24.4% | 6.1% | 3.0% | 5.1% | 8.6% | 4.8% | 9.0% |
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 | 0.54 | 0.54 | 0.50 | 0.31 | 0.36 | 0.28 | 0.33 | 0.40 | — | — | — |
| Debt / EBITDA | 109.19 | 109.19 | — | 1.91 | — | 1.66 | 2.01 | 2.07 | — | — | — |
| Net Debt / Equity | — | 0.40 | 0.33 | 0.01 | 0.18 | 0.03 | 0.14 | 0.26 | -0.39 | -0.24 | -0.30 |
| Net Debt / EBITDA | 80.53 | 80.53 | — | 0.09 | — | 0.19 | 0.88 | 1.31 | -2.60 | -1.99 | -1.81 |
| Debt / FCF | — | 5.16 | — | 0.08 | — | 0.32 | 3.32 | 11.66 | -3.20 | -2.23 | -1.95 |
| Interest Coverage | -59.69 | -59.69 | — | — | -158.27 | 102.32 | 10.86 | 194.74 | — | — | 74.66 |
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 | 2.37 | 2.37 | 2.84 | 3.88 | 3.35 | 3.58 | 3.35 | 2.50 | 5.80 | 6.01 | 4.09 |
| Quick Ratio | 0.87 | 0.87 | 0.95 | 1.85 | 1.25 | 1.72 | 1.53 | 1.09 | 3.69 | 3.83 | 2.45 |
| Cash Ratio | 0.37 | 0.37 | 0.52 | 1.33 | 0.69 | 1.13 | 0.85 | 0.67 | 3.05 | 3.05 | 1.86 |
| Asset Turnover | — | 1.15 | 1.21 | 1.24 | 1.24 | 1.04 | 0.91 | 0.93 | 1.15 | 1.30 | 1.30 |
| Inventory Turnover | 1.90 | 1.90 | 1.68 | 1.81 | 1.83 | 1.74 | 1.43 | 1.81 | 1.94 | 2.28 | 2.05 |
| Days Sales Outstanding | — | 23.85 | 15.09 | 13.62 | 17.09 | 20.31 | 27.21 | 18.67 | 14.40 | 16.02 | 19.93 |
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 | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | 3.3% | — | 6.3% | 3.1% | 4.9% | 6.6% | 2.0% | 4.6% |
| FCF Yield | 9.2% | 14.6% | — | 18.4% | — | 12.2% | 5.2% | 2.2% | 11.2% | 9.2% | 10.5% |
| Buyback Yield | 0.0% | 0.0% | 20.1% | 0.9% | 9.6% | 2.7% | 1.1% | 3.5% | 5.1% | 2.4% | 5.9% |
| Total Shareholder Yield | 0.0% | 0.0% | 20.1% | 0.9% | 9.6% | 2.7% | 1.1% | 3.5% | 5.1% | 2.4% | 5.9% |
| Shares Outstanding | — | $29M | $29M | $31M | $32M | $34M | $34M | $34M | $35M | $36M | $37M |
Liquidity and brand relevance
Based on recent SEC filings, VRA trades at a P/S of 0.42 and a negative TTM P/E, suggesting that the market is pricing the company as a terminal-value harvest play rather than a viable growth entity within the competitive apparel and accessories sector.
The current valuation multiples appear to reflect deep skepticism regarding the brand's ability to return to profitability. Investors should monitor whether the forward EV/EBITDA of 13.82 is a realistic target or if it relies on overly optimistic assumptions about the success of current restructuring efforts.
As reported in financial statements, VRA's ROIC has trended into negative territory, reaching -1.7% in 2027Q1, which indicates that the company is currently destroying shareholder value rather than compounding it through its core retail and lifestyle accessory operations.
The consistent decay in ROIC suggests that the company's invested capital is not generating sufficient returns to cover the cost of capital. This trend warrants further investigation into whether the current store footprint and inventory levels are structurally misaligned with the brand's diminished revenue base.
According to quarterly data, VRA's cash conversion cycle has ballooned to 238 days in 2027Q1, driven by an exceptionally high days inventory outstanding of 252 days, which highlights a significant inability to move seasonal product through the retail channel efficiently.
The extended CCC suggests that capital is trapped in aging inventory, forcing the company to rely on promotional markdowns that further erode margins. This inefficiency appears to be a structural drag on cash flow, limiting the resources available for necessary brand revitalization.
Based on reported figures, VRA's debt-to-EBITDA ratio has spiked to 25.66 in 2027Q1, indicating that even modest debt levels have become increasingly burdensome as the company's operating income has collapsed under the weight of persistent revenue contraction.
While the absolute debt level may appear manageable, the negative interest coverage ratio of -64.31 suggests that the company lacks the operational earnings to comfortably service its obligations. Investors should monitor the company's ability to refinance or restructure these liabilities without further diluting shareholder equity.
Market participants often misapply the price-to-book ratio to VRA, as the company's 0.86 P/B fails to account for the potential impairment of its $103.4M in net PPE, which may be significantly overvalued given the current decline in store productivity.
Relying on book value in a retail turnaround scenario often obscures the reality that physical assets may be liabilities if they cannot generate positive cash flow. A more appropriate metric for this business model would be a focus on cash-burn-adjusted enterprise value or liquidation value of inventory.
Includes 30+ ratios · 18 years · Updated daily
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Quick answers to the most common questions about buying VRA stock.
Vera Bradley, Inc.'s current P/E ratio is -2.2x. The historical average is 23.8x.
Vera Bradley, Inc.'s current EV/EBITDA is 249.6x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 8.5x.
Vera Bradley, Inc.'s return on equity (ROE) is -30.8%. The historical average is 15.5%.
Based on historical data, Vera Bradley, Inc. is trading at a P/E of -2.2x. Compare with industry peers and growth rates for a complete picture.
Vera Bradley, Inc. has 46.4% gross margin and -10.2% operating margin.
Vera Bradley, Inc.'s Debt/EBITDA ratio is 109.2x, indicating high leverage. A ratio above 4x may signal elevated financial risk.