Ryanair Holdings
Financial ratios & Valuation

Forward Multiples (2026 – 2029)

2026202720282029
Price/Earnings ratio
5.094.703.673.47
Price/Sales ratio
0.840.810.790.79
Earnings per Share (EPS)
$12.97$14.04$17.95$19.01

Historical Multiples (2015 – 2024)

2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 TTM Median
Valuation Ratios
Price/Earnings ratio
19.8512.9614.7716.0417.3116.53-21.44-73.8915.0432.566.1316.53
Price/Sales ratio
3.043.092.923.251.991.2613.303.701.834.641.701.26
Price/Book Value ratio
4.265.624.395.202.932.054.383.823.508.191.202.05
Price/Cash Flow ratio
10.1810.9410.0810.418.715.1910.33-7.265.0819.773.475.19
Price/Free Cash Flow ratio
19.1032.1640.7130.5032.5425.3423.90-6.4810.0081.5023.0325.34
Price/Earnings Growth ratio
0.290.15-1.550.99-0.46-0.670.080.96-0.02-1.161.46-0.46
Dividend Yield
3.02%5.46%N/AN/AN/AN/AN/AN/AN/A0.31%1.82%N/A
Profitability Indicator Ratios
Gross Profit Margin
29.26%33.35%35.40%36.89%28.64%28.89%-4.08%16.47%28.21%28.84%24.01%28.89%
Operating Profit Margin
18.44%22.33%23.07%23.31%13.20%13.27%-51.31%-7.07%13.38%15.32%12.23%13.27%
Pretax Profit Margin
17.37%26.34%22.11%22.53%12.31%7.89%-67.77%-8.95%13.38%15.82%12.80%12.31%
Net Profit Margin
15.32%23.85%19.79%20.27%11.49%7.63%-62.05%-5.01%12.19%14.26%11.28%11.28%
Effective Tax Rate
11.77%9.45%10.50%9.99%6.65%3.22%-8.44%-43.97%8.92%9.91%19.88%6.65%
Return on Assets
7.11%13.89%10.97%11.73%6.67%4.89%-6.88%-1.95%8.00%11.16%9.34%6.67%
Return On Equity
21.47%43.34%29.75%32.45%16.96%12.43%-20.43%-5.18%23.28%25.17%19.70%16.96%
Return on Capital Employed
11.79%18.60%17.08%18.63%11.10%12.31%-9.08%-3.85%16.05%19.12%16.06%11.10%
Liquidity Ratios
Current Ratio
1.711.431.561.220.920.810.98N/AN/AN/A0.800.81
Quick Ratio
1.711.421.561.220.920.920.810.970.790.900.800.92
Cash ratio
0.350.370.400.440.400.400.460.750.480.600.480.40
Days of Sales Outstanding
4.243.692.982.942.822.904.153.302.022.072.552.90
Days of Inventory outstanding
0.190.270.260.290.190.170.700.320.280.230.160.17
Operating Cycle
4.433.963.243.233.013.074.853.632.302.312.723.07
Days of Payables Outstanding
17.9319.3224.9920.1938.1282.6872.0293.6650.2730.2231.3082.68
Cash Conversion Cycle
-13.49-15.35-21.75-16.95-35.11-79.60-67.16-90.03-47.97-27.91-28.58-35.11
Debt Ratios
Debt Ratio
0.360.350.350.320.270.290.350.400.230.150.150.29
Debt Equity Ratio
1.091.110.960.880.690.761.051.060.690.330.330.76
Long-term Debt to Capitalization
0.490.490.470.440.390.400.410.440.330.240.170.40
Total Debt to Capitalization
0.520.520.490.470.410.430.510.510.400.250.240.43
Interest Coverage Ratio
14.0520.5322.8227.7417.2015.46-12.02N/AN/AN/AN/A15.46
Cash Flow to Debt Ratio
0.380.450.450.560.480.520.40-0.490.991.221.040.48
Company Equity Multiplier
3.013.112.712.762.542.542.962.652.902.252.112.54
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.290.280.280.310.220.241.28-0.500.360.230.190.24
Free Cash Flow / Operating Cash Flow Ratio
0.530.340.240.340.260.200.431.120.500.240.370.26
Cash Flow Coverage Ratio
0.380.450.450.560.480.520.40-0.490.991.221.040.48
Short Term Coverage Ratio
4.224.105.915.135.685.391.22-1.993.6863.153.025.39
Dividend Payout Ratio
60.03%70.81%N/AN/AN/AN/AN/AN/AN/A10.40%13.03%N/A