Latest Ratios: P/E Ratio 15.1x · EV/EBITDA 10.7x · ROE 25.9%. (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 | $1.4B | $1.5B | $1.8B | $706M | $871M | $2.4B | $2.5B | $2.9B | $3.0B | $3.1B | $2.1B |
| Enterprise Value | $2.0B | $2.0B | $2.5B | $1.6B | $2.1B | $3.4B | $3.1B | $3.7B | $3.5B | $3.4B | $2.6B |
| P/E Ratio → | 15.05 | 15.97 | 38.76 | — | — | 35.57 | — | 23.27 | 15.11 | 31880.00 | 24.66 |
| P/S Ratio | 0.75 | 0.79 | 1.03 | 0.31 | 0.32 | 0.99 | 1.41 | 1.29 | 1.35 | 1.30 | 0.85 |
| P/B Ratio | 3.31 | 3.52 | 5.71 | 2.35 | 2.57 | 3.72 | 4.42 | 3.78 | 3.04 | 3.19 | 2.17 |
| P/FCF | 11.57 | 12.23 | 11.29 | 6.58 | — | 34.68 | 8.47 | 15.63 | 39.97 | 17.98 | 8.85 |
| P/OCF | 10.34 | 10.93 | 10.03 | 5.80 | — | 27.65 | 8.19 | 13.22 | 31.07 | 15.11 | 7.20 |
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 | — | 1.09 | 1.40 | 0.72 | 0.78 | 1.39 | 1.71 | 1.65 | 1.54 | 1.43 | 1.04 |
| EV / EBITDA | 10.74 | 11.18 | 19.27 | — | — | 13.70 | — | 13.03 | 11.57 | 34.90 | 12.70 |
| EV / EBIT | 13.07 | 13.60 | 23.50 | — | — | 28.56 | — | 21.27 | 13.72 | 156.47 | 17.78 |
| EV / FCF | — | 16.80 | 15.33 | 15.06 | — | 48.58 | 10.28 | 19.88 | 45.61 | 19.75 | 10.72 |
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 | 47.0% | 47.0% | 44.5% | 38.9% | 39.9% | 42.6% | 41.1% | 40.6% | 41.1% | 38.9% | 38.5% |
| Operating Margin | 8.0% | 8.0% | 5.8% | -3.0% | -7.8% | 6.4% | -7.7% | 7.5% | 11.2% | 1.0% | 6.4% |
| Net Profit Margin | 5.1% | 5.1% | 2.7% | -1.8% | -7.0% | 2.8% | -7.6% | 5.7% | 8.9% | 0.0% | 3.5% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 25.9% | 25.9% | 15.5% | -12.4% | -38.3% | 11.3% | -20.3% | 14.5% | 20.4% | 0.0% | 9.0% |
| ROA | 5.7% | 5.7% | 2.6% | -1.7% | -7.4% | 2.9% | -5.9% | 5.5% | 8.7% | 0.0% | 3.6% |
| ROIC | 11.6% | 11.6% | 7.0% | -3.7% | -9.9% | 8.6% | -7.6% | 8.5% | 14.1% | 1.3% | 7.9% |
| ROCE | 12.9% | 12.9% | 8.7% | -5.3% | -13.0% | 8.8% | -8.0% | 10.1% | 13.4% | 1.2% | 7.6% |
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 | 1.80 | 1.80 | 2.52 | 3.63 | 3.98 | 1.74 | 1.55 | 1.26 | 0.57 | 0.81 | 0.84 |
| Debt / EBITDA | 4.17 | 4.17 | 6.27 | — | — | 4.58 | — | 3.41 | 1.91 | 8.12 | 4.03 |
| Net Debt / Equity | — | 1.31 | 2.04 | 3.03 | 3.60 | 1.49 | 0.94 | 1.03 | 0.43 | 0.31 | 0.46 |
| Net Debt / EBITDA | 3.04 | 3.04 | 5.08 | — | — | 3.92 | — | 2.78 | 1.43 | 3.13 | 2.22 |
| Debt / FCF | — | 4.57 | 4.04 | 8.48 | — | 13.90 | 1.81 | 4.25 | 5.64 | 1.77 | 1.87 |
| Interest Coverage | 4.58 | 4.58 | 2.44 | -1.11 | -4.35 | 3.15 | -3.22 | 5.86 | 10.28 | 0.67 | 4.18 |
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 | 1.40 | 1.40 | 1.29 | 1.18 | 1.14 | 1.19 | 2.23 | 1.23 | 1.83 | 2.97 | 3.09 |
| Quick Ratio | 0.87 | 0.87 | 0.84 | 0.75 | 0.47 | 0.71 | 1.63 | 0.79 | 1.16 | 2.20 | 2.05 |
| Cash Ratio | 0.40 | 0.40 | 0.29 | 0.21 | 0.12 | 0.21 | 0.86 | 0.23 | 0.30 | 1.33 | 1.11 |
| Asset Turnover | — | 1.10 | 1.05 | 1.09 | 1.08 | 0.93 | 0.84 | 0.92 | 1.03 | 0.98 | 1.03 |
| Inventory Turnover | 3.63 | 3.63 | 4.05 | 3.67 | 2.17 | 3.79 | 4.34 | 3.88 | 4.15 | 5.19 | 4.40 |
| Days Sales Outstanding | — | 31.57 | 43.55 | 37.56 | 32.86 | 48.31 | 54.68 | 53.17 | 58.88 | 42.14 | 38.52 |
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 | 2.4% | 2.2% | 1.8% | 4.6% | 3.8% | 1.4% | 1.3% | 1.1% | 0.9% | 0.8% | 1.1% |
| Payout Ratio | 34.8% | 34.8% | 67.8% | — | — | 48.8% | — | 26.1% | 14.3% | 7666.7% | 26.8% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 6.6% | 6.3% | 2.6% | — | — | 2.8% | — | 4.3% | 6.6% | 0.0% | 4.1% |
| FCF Yield | 8.6% | 8.2% | 8.9% | 15.2% | — | 2.9% | 11.8% | 6.4% | 2.5% | 5.6% | 11.3% |
| Buyback Yield | 1.0% | 1.0% | 0.0% | 0.0% | 9.3% | 1.7% | 0.8% | 10.8% | 5.8% | 1.7% | 2.5% |
| Total Shareholder Yield | 3.4% | 3.2% | 1.8% | 4.6% | 13.1% | 3.0% | 2.2% | 12.0% | 6.7% | 2.4% | 3.6% |
| Shares Outstanding | — | $82M | $80M | $79M | $80M | $83M | $81M | $87M | $95M | $96M | $97M |
Wholesale channel demand volatility
Based on current market data, Wolverine World Wide trades at a P/E of 15.04, which appears to incorporate a conglomerate discount relative to pure-play footwear peers, suggesting investors remain skeptical of the company's ability to consistently extract value from its diverse, multi-brand portfolio across varying economic cycles.
The forward P/E of 12.89 implies that the market is pricing in a conservative growth outlook, likely discounting the potential for margin expansion from the DTC transition. This valuation level warrants caution, as it suggests that the market views the current earnings recovery as fragile rather than a structural shift toward higher profitability.
According to recent financial statements, ROIC has struggled to gain sustained momentum, hovering at 2.4% in 2026Q1, which indicates that the company's historical capital allocation decisions have yet to generate returns that meaningfully exceed the firm's cost of capital in the current operating environment.
The persistent gap between ROIC and historical averages suggests that the company's asset base remains bloated by legacy investments that are not contributing to core earnings. Investors should monitor whether the recent divestiture strategy successfully improves capital turnover or if the remaining brand portfolio continues to suffer from underutilized assets.
As reported in quarterly filings, the cash conversion cycle remains volatile, reaching 35 days in 2026Q1 after peaking at 120 days in 2024Q1, which highlights significant operational friction in managing inventory levels and accounts receivable across the company's complex wholesale-heavy distribution network and global supply chain.
The high DIO relative to industry peers suggests that the company remains susceptible to inventory obsolescence, which could necessitate future margin-diluting markdowns. The improvement in CCC appears largely driven by aggressive inventory management rather than structural gains in supply chain velocity, warranting further investigation into long-term sustainability.
Based on reported figures, the debt-to-equity ratio of 1.81 in 2026Q1, while improved from previous periods, continues to represent a significant leverage burden that may constrain the company's ability to invest in brand growth or navigate potential downturns in the consumer cyclical footwear sector.
The interest coverage ratio of 5.22 suggests that debt service is currently manageable, yet the volatility in operating income leaves little room for error. Investors should monitor the company's ability to refinance upcoming obligations, as any tightening in credit markets could disproportionately impact the firm's financial stability.
The market's reliance on the P/E ratio as a primary valuation metric for Wolverine World Wide obscures the significant impact of non-recurring restructuring charges and working capital volatility, which frequently distort the company's reported earnings and mask the underlying cash-generating potential of the core work-boot business.
Analysts should instead prioritize EV/EBITDA and free cash flow yield to better assess the company's operational performance, as these metrics are less sensitive to the accounting noise inherent in the firm's recent divestiture and restructuring activities. Focusing on P/E risks misinterpreting a temporary earnings trough as a permanent decline in business value.
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying WWW stock.
Wolverine World Wide, Inc.'s current P/E ratio is 15.1x. The historical average is 24.0x. This places it at the 35th percentile of its historical range.
Wolverine World Wide, Inc.'s current EV/EBITDA is 10.7x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 12.7x.
Wolverine World Wide, Inc.'s return on equity (ROE) is 25.9%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 10.7%.
Based on historical data, Wolverine World Wide, Inc. is trading at a P/E of 15.1x. This is at the 35th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Wolverine World Wide, Inc.'s current dividend yield is 2.38% with a payout ratio of 34.8%.
Wolverine World Wide, Inc. has 47.0% gross margin and 8.0% operating margin.
Wolverine World Wide, Inc.'s Debt/EBITDA ratio is 4.2x, indicating high leverage. A ratio above 4x may signal elevated financial risk.