VMware
Financial ratios & Valuation

Forward Multiples (2026 – 2027)

20262027
Price/Earnings ratio
27.8827.88
Price/Sales ratio
3.843.84
Earnings per Share (EPS)
$5.12$5.12

Historical Multiples (2011 – 2023)

2011 2012 2013 2014 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
44.0653.8637.9640.0888.3425.719.6328.1229.7639.2140.2140.21
Price/Sales ratio
8.468.727.395.886.356.935.714.914.213.853.956.93
Price/Book Value ratio
6.686.995.644.686.47113.028.816.39-61.8433.5834.456.47
Price/Cash Flow ratio
15.7421.1615.1816.2915.6817.0015.9413.1212.4311.9812.2917.00
Price/Free Cash Flow ratio
20.3124.1517.5719.4217.0818.2217.1814.1813.6413.3813.7318.22
Price/Earnings Growth ratio
0.4530.881.08-3.15-1.390.050.05-0.41-2.60-1.38-1.420.05
Dividend Yield
N/AN/AN/AN/AN/A17.66%N/AN/A21.22%N/AN/A17.66%
Profitability Indicator Ratios
Gross Profit Margin
83.48%84.33%85.98%84.80%85.59%85.98%83.35%82.63%82.32%81.40%83.24%85.98%
Operating Profit Margin
19.51%18.93%20.99%17.01%21.32%21.45%13.32%20.29%18.57%15.14%15.14%21.45%
Pretax Profit Margin
21.08%19.39%22.02%17.36%22.73%32.12%13.30%20.24%16.22%13.42%13.42%32.12%
Net Profit Margin
19.21%16.19%19.47%14.68%7.19%26.98%59.30%17.48%14.16%9.84%9.84%7.19%
Effective Tax Rate
8.87%16.50%11.59%15.45%68.35%15.99%-342.00%13.60%12.70%26.67%26.67%26.67%
Return on Assets
8.33%7.03%8.22%5.82%2.76%16.51%24.38%7.09%6.34%4.20%4.20%2.76%
Return On Equity
15.17%12.99%14.87%11.68%7.33%439.56%91.48%22.73%-207.76%85.65%254.03%7.33%
Return on Capital Employed
11.70%11.41%12.09%9.15%10.83%21.47%9.02%11.57%12.54%10.72%10.72%21.47%
Liquidity Ratios
Current Ratio
2.362.06N/AN/AN/A0.990.641.02N/AN/A0.820.99
Quick Ratio
2.271.972.272.222.720.990.641.020.820.820.610.99
Cash ratio
0.810.540.690.511.180.490.280.550.370.410.410.49
Days of Sales Outstanding
92.6996.6085.5194.8984.96102.21112.76104.44106.08125.4368.63102.21
Days of Inventory outstanding
N/A90.799598.71N/AN/AN/AN/AN/AN/AN/AN/A
Operating Cycle
92.69187.40180.51193.6084.96102.21112.76104.44106.08125.4316.92102.21
Days of Payables Outstanding
29.1945.3154.580.804.7939.1642.2023.4037.6039.2643.564.79
Cash Conversion Cycle
63.49142.08126.01112.8080.1663.0470.5681.0368.4786.1725.0663.04
Debt Ratios
Debt Ratio
0.450.080.070.130.240.360.240.260.470.360.950.24
Debt Equity Ratio
0.810.150.130.260.659.830.920.84-15.697.3519.360.65
Long-term Debt to Capitalization
0.080.070.060.160.350.880.340.391.060.870.870.35
Total Debt to Capitalization
N/A0.130.110.210.390.900.480.451.060.880.880.39
Interest Coverage Ratio
188.21187.35N/AN/AN/A15.2910.2011.91N/AN/A6.6215.29
Cash Flow to Debt Ratio
4.502.172.791.070.620.670.590.570.310.380.380.67
Company Equity Multiplier
1.811.841.802.002.6526.603.753.20-32.7320.3620.362.65
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.530.410.480.360.400.400.350.370.330.320.320.40
Free Cash Flow / Operating Cash Flow Ratio
0.770.870.860.830.910.930.920.920.910.890.890.93
Cash Flow Coverage Ratio
N/A2.172.791.070.620.670.590.570.310.380.380.67
Short Term Coverage Ratio
N/A4.505.554.173.623.111.402.4729.044.34.293.62
Dividend Payout Ratio
N/AN/AN/AN/AN/A454.17%N/AN/A631.81%N/AN/A454.17%