Latest Ratios: P/E Ratio 22.5x · EV/EBITDA 9.2x · ROE 4.1%. (2003–2025 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 | $296M | $424M | $302M | $341M | $500M | $1.1B | $1.1B | $796M | $634M | $511M | $470M |
| Enterprise Value | $368M | $496M | $389M | $473M | $673M | $1.2B | $1.3B | $1.1B | $581M | $487M | $449M |
| P/E Ratio → | 22.50 | 31.55 | — | — | 23.84 | 8.92 | 14.36 | 11.90 | 14.04 | 19.03 | 18.13 |
| P/S Ratio | 0.32 | 0.46 | 0.34 | 0.39 | 0.52 | 0.90 | 1.10 | 0.77 | 0.65 | 0.55 | 0.56 |
| P/B Ratio | 0.93 | 1.31 | 0.92 | 0.97 | 1.23 | 2.27 | 1.98 | 1.71 | 1.58 | 1.44 | 1.53 |
| P/FCF | 5.45 | 7.82 | 53.00 | — | — | 8.92 | 8.46 | 9.17 | 14.31 | 12.33 | 16.74 |
| P/OCF | 5.54 | 7.94 | 14.59 | 23.14 | — | 7.88 | 7.90 | 7.53 | 9.70 | 7.80 | 9.69 |
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 | — | 0.53 | 0.44 | 0.54 | 0.70 | 1.03 | 1.35 | 1.05 | 0.59 | 0.53 | 0.54 |
| EV / EBITDA | 9.19 | 12.39 | 16.14 | — | 12.77 | 6.72 | 11.02 | 9.83 | 6.66 | 6.41 | 6.64 |
| EV / EBIT | 19.46 | 26.25 | 199.53 | — | 21.64 | 7.69 | 13.76 | 11.98 | 9.33 | 9.99 | 11.30 |
| EV / FCF | — | 9.14 | 68.30 | — | — | 10.19 | 10.31 | 12.55 | 13.13 | 11.75 | 16.01 |
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 | 35.8% | 35.8% | 34.1% | 32.1% | 33.9% | 38.6% | 35.3% | 35.4% | 34.3% | 33.4% | 32.9% |
| Operating Margin | 2.0% | 2.0% | 0.2% | -7.4% | 3.2% | 13.3% | 9.8% | 8.3% | 6.2% | 5.3% | 4.8% |
| Net Profit Margin | 1.4% | 1.4% | -0.2% | -7.2% | 2.2% | 10.1% | 7.7% | 6.5% | 4.6% | 2.9% | 3.1% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 4.1% | 4.1% | -0.5% | -16.5% | 4.8% | 23.4% | 15.0% | 15.4% | 12.0% | 8.1% | 8.6% |
| ROA | 2.0% | 2.0% | -0.3% | -8.9% | 2.6% | 12.8% | 8.0% | 9.2% | 8.7% | 5.8% | 6.2% |
| ROIC | 3.5% | 3.5% | 0.3% | -9.1% | 3.9% | 16.8% | 9.4% | 11.6% | 13.5% | 11.8% | 11.0% |
| ROCE | 3.7% | 3.7% | 0.4% | -11.5% | 4.9% | 21.3% | 12.4% | 14.4% | 14.5% | 12.9% | 11.4% |
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 | 0.61 | 0.61 | 0.61 | 0.63 | 0.62 | 0.57 | 0.57 | 0.74 | — | — | — |
| Debt / EBITDA | 4.98 | 4.98 | 8.29 | — | 4.82 | 1.48 | 2.59 | 3.12 | — | — | — |
| Net Debt / Equity | — | 0.22 | 0.26 | 0.37 | 0.42 | 0.32 | 0.43 | 0.63 | -0.13 | -0.07 | -0.07 |
| Net Debt / EBITDA | 1.79 | 1.79 | 3.61 | — | 3.28 | 0.83 | 1.98 | 2.65 | -0.60 | -0.32 | -0.30 |
| Debt / FCF | — | 1.32 | 15.30 | — | — | 1.26 | 1.85 | 3.39 | -1.18 | -0.58 | -0.72 |
| Interest Coverage | — | — | — | — | — | — | — | — | — | — | — |
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 | 2.01 | 2.01 | 2.07 | 2.27 | 2.33 | 2.43 | 2.74 | 2.58 | 3.51 | 2.81 | 2.87 |
| Quick Ratio | 1.13 | 1.13 | 1.13 | 1.37 | 1.41 | 1.73 | 2.05 | 1.74 | 2.13 | 1.55 | 1.42 |
| Cash Ratio | 0.96 | 0.96 | 0.95 | 1.19 | 1.19 | 1.60 | 1.92 | 1.57 | 1.78 | 1.23 | 1.07 |
| Asset Turnover | — | 1.33 | 1.40 | 1.32 | 1.28 | 1.37 | 0.99 | 1.13 | 1.83 | 1.86 | 1.96 |
| Inventory Turnover | 4.06 | 4.06 | 4.00 | 4.62 | 4.70 | 5.65 | 4.77 | 4.94 | 4.97 | 4.91 | 5.25 |
| Days Sales Outstanding | — | 5.48 | 5.26 | 5.75 | 7.85 | 4.45 | 6.10 | 5.94 | 6.63 | 6.70 | 5.47 |
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 | — | — | — | — | — | — | — | — | — | — | — |
| 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 | 4.4% | 3.2% | — | — | 4.2% | 11.2% | 7.0% | 8.4% | 7.1% | 5.3% | 5.5% |
| FCF Yield | 18.3% | 12.8% | 1.9% | — | — | 11.2% | 11.8% | 10.9% | 7.0% | 8.1% | 6.0% |
| Buyback Yield | 12.9% | 9.0% | 8.3% | 0.0% | 17.6% | 18.2% | 1.2% | 0.0% | 0.0% | 4.2% | 4.6% |
| Total Shareholder Yield | 12.9% | 9.0% | 8.3% | 0.0% | 17.6% | 18.2% | 1.2% | 0.0% | 0.0% | 4.2% | 4.6% |
| Shares Outstanding | — | $17M | $19M | $19M | $19M | $25M | $25M | $26M | $25M | $25M | $25M |
Mall traffic and seasonality
According to current market data, Zumiez trades at a P/S ratio of 0.33, which appears to reflect deep investor skepticism regarding the long-term viability of its mall-based retail model compared to broader apparel peers that command significantly higher valuation multiples in the current equity market environment.
The current P/E of 23.40 suggests that investors are pricing in a recovery in earnings power, yet the low P/S ratio indicates that the market remains unconvinced about the company's ability to scale revenue sustainably. This valuation gap warrants further investigation into whether the market is mispricing the company's decentralized fulfillment capabilities as a mere legacy retail burden.
As reported in financial statements, gross margins have fluctuated between 29.3% and 38.2% over the last ten quarters, suggesting that Zumiez's earning power is highly sensitive to the promotional environment and the company's ability to maintain full-price sell-through during critical seasonal periods.
The compression of operating margins to 2.03% highlights the difficulty of absorbing fixed occupancy and labor costs when top-line growth is inconsistent. Investors should monitor whether the company can successfully shift its product mix toward higher-margin private labels to stabilize these erratic profitability trends.
Based on recent quarterly filings, ROIC has trended from a peak of 4.8% in 2025Q4 to a negative 2.6% in 2026Q1, indicating that the company is currently struggling to generate returns on its invested capital that exceed the cost of maintaining its extensive physical store network.
The decay in ROIC appears to be driven by both margin contraction and a slowing asset turnover rate, which has fallen to 0.29 in the most recent quarter. This trend suggests that the company's capital allocation into store-level inventory may be yielding diminishing returns in the current discretionary spending climate.
According to the provided financial data, the cash conversion cycle has widened to 74 days in 2026Q1, reflecting a significant increase in days inventory outstanding that suggests the company's trend-spotting capabilities are currently failing to keep pace with the rapid shifts in teen fashion preferences.
The increase in DIO to 103 days indicates that inventory is lingering on shelves longer than in previous periods, which likely necessitates deeper markdowns and further pressures gross margins. This inefficiency in working capital management appears to be a primary driver of the company's recent cash flow volatility.
The P/E ratio is frequently misapplied to Zumiez, as it obscures the company's significant seasonal earnings volatility and the impact of non-cash lease accounting adjustments that distort the true underlying cash-generating capacity of its 738-store retail footprint during off-peak quarters.
Analysts should instead prioritize EV/EBITDA or P/FCF to better capture the company's operational performance, as these metrics are less sensitive to the accounting noise inherent in retail lease obligations. Relying on P/E in a cyclical, seasonal business model often leads to an inaccurate assessment of the company's true valuation floor.
Includes 30+ ratios · 23 years · Updated daily
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Quick answers to the most common questions about buying ZUMZ stock.
Zumiez Inc.'s current P/E ratio is 22.5x. The historical average is 23.3x. This places it at the 53th percentile of its historical range.
Zumiez Inc.'s current EV/EBITDA is 9.2x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 10.7x.
Zumiez Inc.'s return on equity (ROE) is 4.1%. The historical average is 12.7%.
Based on historical data, Zumiez Inc. is trading at a P/E of 22.5x. This is at the 53th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Zumiez Inc. has 35.8% gross margin and 2.0% operating margin.
Zumiez Inc.'s Debt/EBITDA ratio is 5.0x, indicating high leverage. A ratio above 4x may signal elevated financial risk.