The Kroger
Financial ratios & Valuation

Forward Multiples (2026 – 2029)

2026202620262027202720272028202820292029
Price/Earnings ratio
15.9516.3416.4315.9515.4615.8714.0813.9513.513.5
Price/Sales ratio
0.340.340.340.340.330.330.320.320.320.32
Earnings per Share (EPS)
$4.45$4.34$4.32$4.45$4.59$4.47$5.04$5.09$5.26$5.26

Historical Multiples (2010 – 2022)

2010 2011 2012 2016 2017 2019 2020 2022 TTM Median
Valuation Ratios
Price/Earnings ratio
103.566.5123.3818.3815.917.3112.9319.5416.2816.28
Price/Sales ratio
0.090.080.150.340.270.180.170.230.300.30
Price/Book Value ratio
1.501.373.535.524.682.902.503.433.494.68
Price/Cash Flow ratio
2.482.165.297.737.355.464.605.227.117.35
Price/Free Cash Flow ratio
11.595.0218.5225.0454.8418.9913.979.0420.4254.84
Price/Earnings Growth ratio
-1.090.00-0.550.94-33.250.08-0.27-0.58-15.67-33.25
Dividend Yield
3.28%3.43%1.82%1.02%1.36%1.92%2.26%1.82%1.95%1.02%
Profitability Indicator Ratios
Gross Profit Margin
23.16%22.21%20.89%22.15%22.39%21.68%22.07%22.00%21.48%22.39%
Operating Profit Margin
1.42%2.65%1.41%3.25%2.97%2.15%1.84%2.52%3.01%3.01%
Pretax Profit Margin
0.76%2.10%0.93%2.81%2.52%3.28%1.61%1.48%2.36%2.52%
Net Profit Margin
0.09%1.35%0.66%1.85%1.71%2.56%1.35%1.20%1.84%1.71%
Effective Tax Rate
90.32%34.65%29.30%33.77%32.84%22.62%23.67%18.77%21.59%32.84%
Return on Assets
0.30%4.74%2.56%6.01%5.41%8.15%3.67%3.37%4.43%5.41%
Return On Equity
1.44%21.07%15.12%30.03%29.43%39.69%19.35%17.55%22.38%29.43%
Return on Capital Employed
7.09%14.13%8.89%17.10%14.53%10.96%7.25%10.61%9.78%14.53%
Liquidity Ratios
Current Ratio
0.960.940.80N/AN/AN/AN/AN/A1.53N/A
Quick Ratio
0.220.300.140.280.290.270.260.331.070.28
Cash ratio
0.050.100.020.020.020.030.020.110.820.02
Days of Sales Outstanding
4.323.753.835.765.214.785.094.835.345.34
Days of Inventory outstanding
30.3428.3526.1026.3326.7526.3327.1323.0223.5226.75
Operating Cycle
34.6732.1029.9432.0931.9731.1132.2227.8628.8631.97
Days of Payables Outstanding
24.0824.1322.1024.4523.7223.3024.3124.1532.6324.45
Cash Conversion Cycle
10.587.977.847.648.247.817.903.70-3.768.24
Debt Ratios
Debt Ratio
0.790.770.830.330.360.370.290.250.320.36
Debt Equity Ratio
3.773.434.891.681.991.831.541.321.591.99
Long-term Debt to Capitalization
0.600.570.630.570.620.580.560.540.610.57
Total Debt to Capitalization
0.620.590.670.620.660.640.600.570.610.66
Interest Coverage Ratio
2.174.872.93N/AN/AN/AN/AN/A11.48N/A
Cash Flow to Debt Ratio
0.360.420.320.420.310.280.350.490.300.31
Company Equity Multiplier
4.774.435.894.995.444.865.265.204.835.44
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.030.040.020.040.030.030.030.040.040.04
Free Cash Flow / Operating Cash Flow Ratio
0.210.420.280.300.130.280.320.570.340.30
Cash Flow Coverage Ratio
0.360.420.320.420.310.280.350.490.300.31
Short Term Coverage Ratio
5.045.722.022.041.891.312.425.13633.92.04
Dividend Payout Ratio
340%22.40%42.69%18.88%21.72%14.05%29.29%35.58%31.11%18.88%