Walgreens Boots Alliance
Financial ratios & Valuation

Forward Multiples (2026 – 2028)

202620272028
Price/Earnings ratio
5.614.203.78
Price/Sales ratio
0.060.060.06
Earnings per Share (EPS)
$2.13$2.85$3.17

Historical Multiples (2015 – 2024)

2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 TTM Median
Valuation Ratios
Price/Earnings ratio
21.3920.9421.4513.5211.8473.3217.266.98-7.09-0.92-0.9673.32
Price/Sales ratio
0.870.740.740.510.390.270.330.220.150.050.050.27
Price/Book Value ratio
2.882.883.092.541.951.581.841.031.090.760.791.58
Price/Cash Flow ratio
15.9411.1412.068.228.436.097.907.779.677.848.168.16
Price/Free Cash Flow ratio
20.4513.4014.829.8412.128.1310.5013.99154.94-21.99-22.888.13
Price/Earnings Growth ratio
0.21-4.24-16.510.40-0.64-0.770.010.050.04-0.00-0.00-0.64
Dividend Yield
1.53%1.78%1.85%2.55%3.48%5.22%3.68%5.47%7.59%15.78%10.39%3.48%
Profitability Indicator Ratios
Gross Profit Margin
25.96%25.45%24.66%23.40%23.45%21.37%21.18%21.30%19.46%17.96%17.96%21.37%
Operating Profit Margin
4.51%5.11%4.63%4.78%3.96%0.80%1.76%1.04%-4.94%-9.53%-9.53%0.80%
Pretax Profit Margin
5.15%4.42%4.11%4.58%3.63%0.39%1.97%3.04%-3.87%-9.61%-9.61%0.39%
Net Profit Margin
4.07%3.55%3.44%3.81%3.31%0.37%1.91%3.26%-2.21%-5.84%-5.84%0.37%
Effective Tax Rate
19.79%19.21%15.63%16.55%13.21%71.06%25.43%0.74%-34.49%-8.77%-20.82%71.06%
Return on Assets
6.13%5.74%6.17%7.37%5.83%0.52%3.12%4.81%-3.18%-10.65%-10.65%0.52%
Return On Equity
13.48%13.78%14.42%18.82%16.48%2.15%10.67%14.76%-15.38%-82.68%-53.01%2.15%
Return on Capital Employed
8.93%10.77%11.55%13.53%11.22%1.63%3.95%2.05%-9.54%-26.02%-26.02%1.63%
Liquidity Ratios
Current Ratio
1.181.521.060.820.720.660.71N/AN/AN/A0.680.66
Quick Ratio
0.660.990.580.380.360.310.340.370.290.370.370.36
Cash ratio
0.180.570.170.030.030.010.050.060.020.040.040.03
Days of Sales Outstanding
24.1619.4720.1518.2321.969.0015.5913.7914.1214.4614.4614.46
Days of Inventory outstanding
41.3537.3636.4734.6537.0635.9628.5129.1926.9025.0625.0635.96
Operating Cycle
65.5256.8356.6352.8959.0244.9744.1142.9941.0239.5339.5344.97
Days of Payables Outstanding
48.0745.8951.2049.1456.9438.6138.9139.3341.1742.4342.4342.43
Cash Conversion Cycle
17.4410.945.423.742.076.365.193.65-0.14-2.89-2.896.36
Debt Ratios
Debt Ratio
0.200.260.190.210.240.170.110.120.090.090.110.17
Debt Equity Ratio
0.450.620.450.530.690.730.370.390.450.770.910.69
Long-term Debt to Capitalization
0.290.380.300.310.310.360.240.260.280.430.430.31
Total Debt to Capitalization
0.310.380.310.350.410.420.270.280.310.430.470.41
Interest Coverage Ratio
7.1910.007.8210.106.861.523.84N/AN/AN/A-29.201.52
Cash Flow to Debt Ratio
0.390.410.560.570.330.350.610.330.240.120.100.35
Company Equity Multiplier
2.192.402.332.552.824.123.413.064.827.757.752.82
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.050.060.060.060.040.040.040.020.010.000.000.04
Free Cash Flow / Operating Cash Flow Ratio
0.770.830.810.830.690.740.750.550.06-0.35-0.350.74
Cash Flow Coverage Ratio
0.390.410.560.570.330.350.610.330.240.120.100.35
Short Term Coverage Ratio
5.3024.2928.884.200.971.674.253.682.45N/A0.671.67
Dividend Payout Ratio
32.79%37.45%39.84%34.61%41.26%383.11%63.61%38.25%-53.86%-14.59%-14.59%383.11%