Latest Ratios: P/E Ratio -4.1x · EV/EBITDA -202.5x · ROE -1.4%. (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 | $13M | $15M | $17M | $27M | $30M | $43M | $32M | $34M | $34M | $41M | $40M |
| Enterprise Value | $-367268581 | $-365305473 | $46M | $50M | $47M | $42M | $30M | $40M | $33M | $36M | $39M |
| P/E Ratio → | -4.14 | — | — | — | — | 43.30 | 13.85 | 23.10 | 18.62 | 17.94 | 18.63 |
| P/S Ratio | 0.35 | 0.41 | 0.69 | 0.68 | 0.87 | 1.35 | 1.16 | 1.39 | 1.48 | 1.97 | 2.06 |
| P/B Ratio | 0.20 | 0.23 | 0.24 | 0.38 | 0.42 | 0.66 | 0.54 | 0.70 | 0.72 | 0.92 | 1.16 |
| P/FCF | — | — | — | — | — | — | 48.73 | — | — | — | — |
| P/OCF | — | — | — | — | — | 16.71 | 5.83 | 8.02 | 14.86 | 16.39 | 12.96 |
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 | — | -9.82 | 1.90 | 1.27 | 1.38 | 1.33 | 1.09 | 1.62 | 1.42 | 1.74 | 2.03 |
| EV / EBITDA | -202.55 | -201.47 | 97.17 | 22.47 | 26.49 | 7.50 | 4.38 | 7.25 | 5.59 | 7.01 | 7.16 |
| EV / EBIT | — | — | 68.33 | — | — | 10.98 | 5.75 | 10.25 | 7.46 | 9.26 | 8.95 |
| EV / FCF | — | — | — | — | — | — | 45.99 | — | — | — | — |
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 | 60.5% | 60.5% | 100.0% | 57.6% | 55.4% | 58.7% | 61.2% | 61.8% | 64.0% | 61.8% | 62.9% |
| Operating Margin | -3.9% | -3.9% | 2.4% | -3.1% | -1.6% | 11.6% | 18.3% | 15.1% | 18.1% | 17.4% | 21.5% |
| Net Profit Margin | -2.5% | -2.5% | -0.5% | -3.1% | -1.9% | 7.7% | 12.4% | 10.1% | 12.4% | 14.4% | 13.5% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -1.4% | -1.4% | -0.2% | -1.7% | -1.0% | 4.0% | 6.3% | 5.2% | 6.2% | 7.5% | 8.5% |
| ROA | -0.8% | -0.8% | -0.1% | -1.2% | -0.7% | 2.9% | 4.6% | 3.9% | 4.7% | 5.7% | 6.3% |
| ROIC | — | — | 0.4% | -1.0% | -0.5% | 4.6% | 6.7% | 5.5% | 7.3% | 7.4% | 10.0% |
| ROCE | -1.5% | -1.5% | 0.6% | -1.3% | -0.6% | 4.9% | 7.4% | 6.3% | 7.7% | 7.7% | 11.0% |
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 | 0.46 | 0.46 | 0.43 | 0.33 | 0.25 | 0.20 | 0.21 | 0.26 | 0.18 | 0.20 | 0.15 |
| Debt / EBITDA | 16.78 | 16.78 | 62.63 | 10.59 | 9.94 | 2.32 | 1.79 | 2.29 | 1.42 | 1.73 | 0.92 |
| Net Debt / Equity | — | -5.75 | 0.42 | 0.33 | 0.25 | -0.01 | -0.03 | 0.11 | -0.03 | -0.11 | -0.02 |
| Net Debt / EBITDA | -209.83 | -209.83 | 61.95 | 10.49 | 9.75 | -0.12 | -0.26 | 1.02 | -0.24 | -0.93 | -0.12 |
| Debt / FCF | — | — | — | — | — | — | -2.73 | — | — | — | — |
| Interest Coverage | -1.23 | -1.23 | 0.66 | -1.84 | -1.08 | 9.86 | 12.53 | 8.85 | 9.61 | 8.28 | 15.10 |
Net cash position: cash ($411M) exceeds total debt ($30M)
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 | 2.70 | 2.70 | 2.84 | 2.33 | 2.80 | 3.05 | 4.80 | 4.98 | 5.31 | 4.73 | 5.59 |
| Quick Ratio | -2304.48 | -2304.48 | 0.31 | 0.28 | 0.56 | 1.45 | 2.37 | 1.80 | 2.30 | 2.43 | 2.24 |
| Cash Ratio | 28.40 | 28.40 | 0.02 | 0.02 | 0.03 | 1.15 | 1.92 | 1.31 | 1.80 | 2.14 | 1.60 |
| Asset Turnover | — | 0.35 | 0.22 | 0.37 | 0.34 | 0.35 | 0.34 | 0.36 | 0.38 | 0.35 | 0.43 |
| Inventory Turnover | 0.00 | 0.00 | — | 0.59 | 0.68 | 0.69 | 0.60 | 0.55 | 0.51 | 0.54 | 0.60 |
| Days Sales Outstanding | — | 44.70 | 47.84 | 29.07 | 51.46 | 37.92 | 42.17 | 35.95 | 38.43 | 30.81 | 35.16 |
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% | 6.4% | 5.4% | 3.1% | 2.7% | 1.6% | 3.5% | 3.0% | 3.0% | 1.7% | 1.2% |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | 2.3% | 7.2% | 4.3% | 5.4% | 5.6% | 5.4% |
| FCF Yield | — | — | — | — | — | — | 2.1% | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 10.7% | 23.7% | 0.0% | 0.0% | 1.2% | 1.3% |
| Total Shareholder Yield | 7.3% | 6.4% | 5.4% | 3.1% | 2.7% | 12.3% | 27.2% | 3.0% | 3.0% | 2.9% | 2.5% |
| Shares Outstanding | — | $5M | $5M | $5M | $5M | $5M | $5M | $5M | $5M | $5M | $5M |
Hospitality Margin Dilution
According to recent market data, WVVI trades at a price-to-sales ratio of 0.29, which appears to reflect significant investor skepticism regarding the company's ability to convert its high-affinity loyalty ecosystem into sustainable earnings, especially given the negative TTM P/E of -3.42 and the absence of forward earnings guidance.
The current valuation suggests that the market is pricing the company as a distressed asset rather than a premium winery with a loyal customer base. Investors should monitor whether the 8.9% dividend yield is sustainable or if it represents a capital-allocation strategy that prioritizes shareholder retention over necessary reinvestment in core vineyard operations.
Based on reported figures, WVVI's ROIC has remained consistently negative or near-zero over the last ten quarters, with a -0.6% reading in 2026Q1, indicating that the company is currently failing to generate returns on its invested capital that exceed its cost of capital or support long-term compounding.
The persistent inability to generate positive returns on capital suggests that the aggressive expansion into restaurant-style tasting rooms is currently value-destructive. This trend warrants further investigation into whether these capital-intensive projects will eventually reach a scale that justifies their initial investment or if they will remain a permanent drag on overall capital efficiency.
As reported in financial statements, the company's cash conversion cycle has shown extreme volatility, peaking at over 465,000 days in 2026Q1, which highlights the significant operational friction inherent in managing long-duration inventory like premium Pinot Noir alongside a high-turnover restaurant business model that requires constant working capital support.
The massive disparity between inventory turnover and cash conversion suggests that the company's operational model is struggling to balance the long-term aging requirements of its wine with the immediate cash needs of its hospitality footprint. Investors should monitor the DSO and DPO trends, as any deterioration in supplier or customer payment terms could rapidly exacerbate the company's existing liquidity challenges.
According to recent quarterly data, WVVI maintains a current ratio of 3.45, which provides a substantial liquidity cushion against short-term obligations, although this metric must be interpreted alongside the company's persistent difficulty in generating consistent positive operating cash flow from its core operations over the last ten quarters.
While the current ratio appears robust, the quick ratio of 0.47 indicates that the company's liquidity is heavily dependent on its inventory, which is inherently illiquid and subject to market volatility. This suggests that under severe stress, the company's ability to meet short-term obligations without liquidating its core assets may be more limited than the headline current ratio implies.
The most commonly misapplied metric for WVVI is the P/E ratio, which fails to account for the company's unique 'owner-consumer' model and the significant non-cash expenses associated with long-term vineyard development, thereby obscuring the true underlying value of the company's land holdings and its captive, high-affinity customer base.
Analysts should instead focus on an asset-replacement valuation or a price-to-book approach, as the company's historical cost accounting likely significantly understates the value of its prime Willamette Valley acreage. Relying on earnings-based multiples in a business model that prioritizes loyalty-driven hospitality expansion over immediate net income generation leads to a fundamentally flawed assessment of the company's long-term viability.
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying WVVI stock.
Willamette Valley Vineyards, Inc.'s current P/E ratio is -4.1x. The historical average is 34.5x.
Willamette Valley Vineyards, Inc.'s current EV/EBITDA is -202.5x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 16.0x.
Willamette Valley Vineyards, Inc.'s return on equity (ROE) is -1.4%. The historical average is 4.6%.
Based on historical data, Willamette Valley Vineyards, Inc. is trading at a P/E of -4.1x. Compare with industry peers and growth rates for a complete picture.
Willamette Valley Vineyards, Inc.'s current dividend yield is 7.33%.
Willamette Valley Vineyards, Inc. has 60.5% gross margin and -3.9% operating margin.
Willamette Valley Vineyards, Inc.'s Debt/EBITDA ratio is 16.8x, indicating high leverage. A ratio above 4x may signal elevated financial risk.