The Cheesecake Factory Incorporated
Financial ratios & Valuation

Forward Multiples (2026 – 2027)

202620262027
Price/Earnings ratio
17.5518.2415.81
Price/Sales ratio
0.840.820.79
Earnings per Share (EPS)
$3.53$3.39$3.92

Historical Multiples (2010 – 2021)

2010 2012 2013 2014 2015 2017 2019 2019 2020 2021 TTM Median
Valuation Ratios
Price/Earnings ratio
22.2717.7922.0424.7419.6220.4419.8813.41-6.4026.0417.8520.44
Price/Sales ratio
1.090.961.341.261.081.250.840.680.810.640.691.25
Price/Book Value ratio
3.073.134.364.503.884.723.442.983.205.705.783.88
Price/Cash Flow ratio
11.018.6812.3110.459.719.426.767.80557.868.849.469.46
Price/Free Cash Flow ratio
14.7414.3826.0320.2428.6815.4010.6211.95-33.7912.9535.8828.68
Price/Earnings Growth ratio
0.240.791.19-3.611.140.93-0.570.410.02-0.22-0.730.93
Dividend Yield
N/AN/A1.07%1.21%1.57%1.48%2.85%3.55%0.97%1.00%2.25%1.57%
Profitability Indicator Ratios
Gross Profit Margin
75.11%17.82%43.62%42.50%43.40%43.46%41.38%41.13%37.63%41.05%12.21%43.46%
Operating Profit Margin
7.72%7.59%8.57%7.32%7.86%8.83%5.1%6.15%4.48%4.09%5.71%8.83%
Pretax Profit Margin
6.69%7.34%8.33%7.00%7.58%8.42%4.60%5.65%-17.95%2.44%3.71%8.42%
Net Profit Margin
4.92%5.44%6.08%5.12%5.54%6.12%4.24%5.12%-12.77%2.47%3.62%6.12%
Effective Tax Rate
26.44%25.88%26.90%26.89%26.87%27.25%7.79%9.29%28.83%-1.05%2.32%27.25%
Return on Assets
7.94%9.36%10.17%8.60%9.44%10.78%7.53%4.48%-9.22%2.58%4.37%10.78%
Return On Equity
13.79%17.63%19.80%18.19%19.79%23.12%17.34%22.26%-49.97%21.92%36.12%19.79%
Return on Capital Employed
15.52%16.69%18.71%16.93%18.71%21.92%13.25%6.85%4.11%5.54%8.84%21.92%
Liquidity Ratios
Current Ratio
0.910.790.850.690.64N/AN/A0.390.58N/A0.43N/A
Quick Ratio
0.630.430.490.640.540.490.370.320.510.570.330.49
Cash ratio
0.400.210.230.180.120.140.060.090.260.290.080.14
Days of Sales Outstanding
10.4010.1513.6117.5218.3412.8613.9417.3613.9417.0410.6612.86
Days of Inventory outstanding
20.337.1212.2310.6810.449.9010.3811.7911.599.068.209.90
Operating Cycle
30.7317.2825.8528.2028.7822.7724.3229.1525.5426.1018.8622.77
Days of Payables Outstanding
28.909.1312.2118.4114.6611.7913.1015.4717.2411.437.3611.79
Cash Conversion Cycle
1.828.1413.649.7814.1110.9811.2213.688.2914.6611.4910.98
Debt Ratios
Debt Ratio
0.420.46N/A0.06N/AN/A0.000.100.150.210.20N/A
Debt Equity Ratio
0.730.88N/A0.13N/AN/A0.010.500.811.811.54N/A
Long-term Debt to Capitalization
N/AN/AN/A0.12N/AN/A0.010.330.350.580.54N/A
Total Debt to Capitalization
N/AN/AN/A0.12N/AN/A0.010.330.440.640.60N/A
Interest Coverage Ratio
7.6227.14N/A-23.39-28.03N/AN/AN/A-40.40N/A23.89-28.03
Cash Flow to Debt Ratio
N/AN/AN/A3.10N/AN/A29.130.750.000.350.39N/A
Company Equity Multiplier
1.731.881.942.112.092.142.304.965.418.477.402.09
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.090.110.100.120.110.130.120.080.000.070.060.13
Free Cash Flow / Operating Cash Flow Ratio
0.740.600.470.510.330.610.630.65-16.500.680.280.61
Cash Flow Coverage Ratio
N/AN/AN/A3.10N/AN/A29.130.750.000.350.39N/A
Short Term Coverage Ratio
N/AN/AN/AN/AN/AN/AN/AN/A0.021.611.73N/A
Dividend Payout Ratio
N/AN/A23.77%29.94%30.86%30.37%56.79%47.70%-6.23%26.25%41.21%30.86%