Par Pacific Holdings
Financial ratios & Valuation

Forward Multiples (2025 – 2026)

20252026
Price/Earnings ratio
12.4010.55
Price/Sales ratio
0.240.27
Earnings per Share (EPS)
$2.46$2.89

Historical Multiples (2014 – 2023)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
-11.30-22.42-13.4312.0916.4428.67-1.82-11.813.802.994.6428.67
Price/Sales ratio
0.170.430.330.350.190.210.230.200.180.260.230.19
Price/Book Value ratio
1.822.621.661.961.261.803.023.612.141.632.621.26
Price/Cash Flow ratio
-9.746.76-26.328.247.1511.07-20.02-34.783.053.773.7311.07
Price/Free Cash Flow ratio
-7.728.13-12.7611.7415.3753.90-7.39-16.813.464.394.2253.90
Price/Earnings Growth ratio
0.260.82-4.70-0.04-0.36-4.110.000.14-0.000.030.00-0.36
Dividend Yield
N/AN/AN/AN/AN/AN/AN/AN/AN/A0.19%N/AN/A
Profitability Indicator Ratios
Gross Profit Margin
5.00%12.53%10.56%14.01%10.40%9.47%2.78%5.88%11.55%15.47%11.55%10.40%
Operating Profit Margin
-1.20%2.97%-1.05%3.84%2.40%2.73%-10.17%-0.16%5.98%8.26%6.02%2.40%
Pretax Profit Margin
-1.52%-2.74%-2.88%2.91%1.16%-0.53%-13.75%-1.70%4.98%7.45%4.98%1.16%
Net Profit Margin
-1.51%-1.93%-2.45%2.97%1.15%0.75%-13.09%-1.72%4.97%8.85%4.97%1.15%
Effective Tax Rate
0.95%29.60%14.72%-1.84%0.83%241.30%4.82%-1.27%0.19%-18.80%0.19%241.30%
Return on Assets
-6.39%-4.47%-4.00%5.38%2.69%1.51%-19.17%-3.16%11.10%18.85%11.10%2.69%
Return On Equity
-16.10%-11.71%-12.42%16.22%7.69%6.29%-166.11%-30.59%56.50%54.56%91.27%7.69%
Return on Capital Employed
-8.84%11.66%-2.57%10.72%8.59%8.88%-25.33%-0.62%29.45%29.06%29.69%8.59%
Liquidity Ratios
Current Ratio
1.481.451.051.281.150.990.72N/AN/AN/A1.040.99
Quick Ratio
0.690.850.530.540.520.400.230.250.460.500.410.41
Cash ratio
0.280.450.120.250.140.120.070.080.270.180.270.14
Days of Sales Outstanding
13.1412.0720.0318.2017.1515.4513.0415.1112.6016.2812.6015.45
Days of Inventory outstanding
30.1444.3143.3960.0038.4645.9751.6465.0758.7364.3058.7338.46
Operating Cycle
43.2956.3863.4378.2155.6261.4264.6980.1971.3380.5961.8355.62
Days of Payables Outstanding
4.085.5314.269.126.5412.1212.8512.728.5320.528.536.54
Cash Conversion Cycle
39.2050.8549.1769.0849.0849.3051.8467.4762.8060.0618.5549.30
Debt Ratios
Debt Ratio
0.170.180.320.550.260.220.330.210.150.160.800.26
Debt Equity Ratio
0.440.481.001.670.760.942.872.120.780.484.080.76
Long-term Debt to Capitalization
0.250.310.480.460.430.480.720.670.430.320.550.43
Total Debt to Capitalization
0.300.320.500.620.430.480.740.670.430.320.570.43
Interest Coverage Ratio
-1.273.62-0.392.982.312.04-3.29N/AN/AN/A6.462.31
Cash Flow to Debt Ratio
-0.410.80-0.060.140.230.17-0.05-0.040.890.880.510.23
Company Equity Multiplier
2.512.613.103.002.854.168.669.675.082.895.082.85
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
-0.010.06-0.010.040.020.01-0.01-0.000.060.070.060.02
Free Cash Flow / Operating Cash Flow Ratio
1.260.832.060.700.460.202.702.060.880.850.880.46
Cash Flow Coverage Ratio
-0.410.80-0.060.140.230.17-0.05-0.040.890.880.510.23
Short Term Coverage Ratio
-1.8712.03-1.150.292.74K8.58-0.62-2.5441.31136.115.878.58
Dividend Payout Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/A0.59%N/AN/A