Bath & Body Works, Inc. (BBWI) Key Metrics
BBWI valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $4.06B
- Enterprise value
- $7.41B
- P/E (TTM)
- 5.3 10-yr median 11.1
- Forward P/E
- 6.3
- PEG ratio
- 0.70
- Price / sales
- 0.6 10-yr median 1.1
- Price / book
- —
- EV / EBITDA
- 5.0 10-yr median 7.4
- Dividend yield
- 3.97% $0.80 a year
- Beta
- 1.40
BBWI key metrics, FY2017–FY2026
Fiscal year ended January 31, 2026 · U.S. dollarsBBWI valuation Price multiples at each fiscal year-end price.
BBWI returns How much profit the business earns on the capital it uses.
BBWI per-share figures Results divided by the shares outstanding at year-end.
BBWI financial health Debt, liquidity and how easily interest is covered.
BBWI efficiency & capital use Working capital cycle and where the cash goes.
BBWI valuation history
BBWI returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
BBWI debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
BBWI cash returned to shareholders
BBWI price vs earnings per share
BBWI key metrics
FY2017–FY2026| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $4.61B | $8.31B | $9.77B | $10.72B | $15.31B | $9.26B | $5.17B | $6.22B | $11.64B | $14.17B |
| Enterprise value | $8.61B | $12.60B | $14.26B | $15.54B | $19.34B | $13.17B | $12.75B | $10.61B | $15.92B | $17.97B |
| P/E ratio | 7.1 | 10.4 | 11.1 | 13.4 | 11.5 | 11.0 | — | 9.7 | 11.8 | 12.2 |
| Price / sales | 0.6 | 1.1 | 1.3 | 1.4 | 1.9 | 1.4 | 1.0 | 0.5 | 0.9 | 1.1 |
| Price / free cash flow | 5.3 | 12.6 | 14.9 | 13.1 | 12.5 | 5.1 | 6.6 | 8.3 | 16.7 | 15.7 |
| Price / operating cash flow | 4.2 | 9.4 | 10.2 | 9.4 | 10.3 | 4.5 | 4.2 | 4.5 | 8.3 | 7.5 |
| EV / sales | 1.2 | 1.7 | 1.9 | 2.1 | 2.5 | 2.0 | 2.4 | 0.8 | 1.3 | 1.4 |
| EV / EBITDA | 6.1 | 7.8 | 8.7 | 9.6 | 8.9 | 6.3 | 8.1 | 5.8 | 7.0 | 6.9 |
| EV / free cash flow | 10.0 | 19.1 | 21.7 | 19.0 | 15.8 | 7.3 | 16.4 | 14.2 | 22.8 | 20.0 |
| Earnings yield | 14.1% | 9.6% | 9.0% | 7.5% | 8.7% | 9.1% | −7.1% | 10.4% | 8.4% | 8.2% |
| Free cash flow yield | 18.8% | 7.9% | 6.7% | 7.6% | 8.0% | 19.6% | 15.1% | 12.0% | 6.0% | 6.4% |
| Dividend yield | 3.6% | 2.1% | 1.9% | 1.7% | 0.8% | 0.9% | 6.4% | 10.7% | 5.9% | 9.0% |
| Shareholder yield (dividends + buybacks) | 12.3% | 7.0% | 3.4% | 14.0% | 13.6% | 1.0% | 6.7% | 13.9% | 9.7% | 12.0% |
| Share price at fiscal year-end | $21.80 | $37.61 | $42.66 | $46.01 | $56.07 | $32.95 | $18.72 | $22.51 | $40.49 | $48.67 |
| Per share | ||||||||||
| Revenue per share | $34.45 | $33.06 | $32.44 | $32.45 | $28.87 | $22.90 | $19.58 | $47.93 | $43.95 | $43.20 |
| Earnings per share | $3.07 | $3.61 | $3.83 | $3.43 | $4.88 | $3.00 | −$1.33 | $2.33 | $3.42 | $3.98 |
| Operating cash flow per share | $5.21 | $4.01 | $4.17 | $4.91 | $5.47 | $7.26 | $4.48 | $4.99 | $4.89 | $6.49 |
| Free cash flow per share | $4.09 | $2.99 | $2.86 | $3.50 | $4.48 | $6.44 | $2.82 | $2.71 | $2.43 | $3.09 |
| Cash per share | $4.50 | $3.05 | $4.73 | $5.29 | $7.25 | $12.70 | $5.43 | $5.12 | $5.27 | $6.64 |
| Book value per share | −$6.04 | −$6.27 | −$7.10 | −$9.46 | −$5.56 | −$2.36 | −$5.43 | −$3.15 | −$2.62 | −$2.50 |
| Tangible book value per share | −$9.79 | −$9.86 | −$10.57 | −$12.87 | −$8.47 | −$5.18 | −$9.20 | −$9.52 | −$8.74 | −$8.55 |
| Dividends per share | $0.79 | $0.80 | $0.79 | $0.80 | $0.44 | $0.30 | $1.20 | $2.41 | $2.39 | $4.36 |
| Capex per share | $1.12 | $1.02 | $1.30 | $1.41 | $0.99 | $0.81 | $1.66 | $2.28 | $2.46 | $3.40 |
| Debt per share | $23.41 | $22.44 | $24.34 | $25.98 | $22.03 | $26.62 | $32.89 | $21.04 | $20.16 | $19.71 |
| Shares outstanding | 211.6M | 221.0M | 229.0M | 233.0M | 273.0M | 281.0M | 276.0M | 276.2M | 287.4M | 291.1M |
| Change in shares outstanding | −4.2% | −3.5% | −1.7% | −14.7% | −2.8% | +1.8% | −0.1% | −3.9% | −1.3% | −1.9% |
| Returns & profitability | ||||||||||
| Return on invested capital (ROIC) | 29.5% | 34.1% | 40.3% | 40.7% | 52.6% | 26.5% | 16.4% | 26.4% | 39.2% | 45.7% |
| Return on assets (ROA) | 13.1% | 15.4% | 16.0% | 13.9% | 15.2% | 7.8% | −4.0% | 7.9% | 12.0% | 13.9% |
| Return on tangible assets | 15.2% | 19.6% | 18.8% | 17.0% | 25.5% | 7.8% | −4.0% | 10.2% | 15.4% | 18.1% |
| Free cash flow margin | 11.9% | 9.0% | 8.8% | 10.8% | 15.5% | 28.1% | 14.4% | 5.7% | 5.5% | 7.2% |
| Income quality (OCF / net income) | 1.70 | 1.11 | 1.09 | 1.43 | 1.12 | 2.42 | — | 2.14 | 1.43 | 1.63 |
| Financial health | ||||||||||
| Total debt | $4.95B | $4.96B | $5.57B | $6.05B | $6.01B | $7.48B | $9.08B | $5.81B | $5.79B | $5.74B |
| Cash & short-term investments | $953.0M | $674.0M | $1.08B | $1.23B | $1.98B | $3.57B | $1.50B | $1.41B | $1.51B | $1.93B |
| Net debt | $4.00B | $4.29B | $4.49B | $4.82B | $4.03B | $3.91B | $7.58B | $4.40B | $4.28B | $3.80B |
| Debt / assets | 0.98 | 1.02 | 1.02 | 1.10 | 1.00 | 0.65 | 0.90 | 0.72 | 0.71 | 0.70 |
| Net debt / EBITDA | 2.83 | 2.64 | 2.75 | 2.99 | 1.86 | 1.89 | 4.84 | 2.40 | 1.87 | 1.46 |
| Current ratio | 1.27 | 1.48 | 1.64 | 1.64 | 2.33 | 1.97 | 1.37 | 1.64 | 1.62 | 1.72 |
| Quick ratio | 0.83 | 0.88 | 1.09 | 1.13 | 1.78 | 1.77 | 0.83 | 1.01 | 1.01 | 1.18 |
| Interest coverage | 4.1 | 4.1 | 3.7 | 4.0 | 5.2 | 3.7 | 2.8 | 3.2 | 4.3 | 5.1 |
| Working capital | $428.0M | $592.0M | $826.0M | $887.0M | $1.72B | $2.75B | $873.0M | $1.27B | $1.26B | $1.45B |
| Invested capital | $2.72B | $2.90B | $2.86B | $2.62B | $2.52B | $3.25B | $6.08B | $3.53B | $3.53B | $3.07B |
| Tangible asset value | −$2.07B | −$2.18B | −$2.42B | −$3.00B | −$2.31B | −$1.45B | −$2.53B | −$2.62B | −$2.51B | −$2.49B |
| Net current asset value | −$4.33B | −$4.43B | −$4.97B | −$5.43B | −$4.53B | −$6.65B | −$8.38B | −$5.70B | −$5.61B | −$5.43B |
| Graham net-net per share | −$23.21 | −$22.90 | −$23.94 | −$25.51 | −$18.42 | −$29.42 | −$33.51 | −$24.05 | −$22.73 | −$21.28 |
| Capital allocation | ||||||||||
| Dividends paid | $167.0M | $177.0M | $182.0M | $186.0M | $120.0M | $83.0M | $332.0M | $666.0M | $686.0M | $1.27B |
| Share buybacks (net) | $401.0M | $401.0M | $148.0M | $1.31B | $1.96B | $12.0M | $13.0M | $198.0M | $446.0M | $435.0M |
| Dividend payout ratio | 25.7% | 22.2% | 20.7% | 23.2% | 9.0% | 9.8% | — | 103.4% | 69.8% | 109.5% |
| Dividends + buybacks / free cash flow | 65.7% | 87.6% | 50.3% | 183.6% | 170.5% | 5.2% | 44.3% | 115.5% | 161.9% | 189.2% |
| Capex / revenue | 3.3% | 3.1% | 4.0% | 4.3% | 3.4% | 3.5% | 8.5% | 4.8% | 5.6% | 7.9% |
| Capex / operating cash flow | 21.5% | 25.5% | 31.2% | 28.7% | 18.1% | 11.2% | 37.1% | 45.7% | 50.3% | 52.4% |
| Capex / depreciation | 0.93 | 0.80 | 1.11 | 1.48 | 0.74 | 0.44 | 0.78 | 1.07 | 1.24 | 1.91 |
| Stock-based compensation / revenue | 0.4% | 0.5% | 0.6% | 0.5% | 0.6% | 0.8% | 1.6% | 0.7% | 0.8% | 0.8% |
| SG&A / revenue | 28.3% | 26.9% | 26.3% | 24.9% | 23.4% | 23.2% | 24.9% | 26.9% | 25.6% | 24.8% |
| Efficiency | ||||||||||
| Days sales outstanding | 9.6 | 10.7 | 11.1 | 11.2 | 9.0 | 12.9 | 22.7 | 9.3 | 8.7 | 8.1 |
| Days of inventory on hand | 63.8 | 64.7 | 61.8 | 60.1 | 58.1 | 101.6 | 153.3 | 54.5 | 55.6 | 54.3 |
| Days payables outstanding | 35.7 | 32.2 | 36.3 | 37.7 | 35.3 | 54.2 | 82.1 | 31.3 | 33.3 | 33.1 |
| Cash conversion cycle (days) | 37.7 | 43.2 | 36.5 | 33.6 | 31.7 | 60.3 | 93.9 | 32.5 | 31.0 | 29.3 |
| Receivables turnover | 37.88 | 34.07 | 33.02 | 32.45 | 40.63 | 28.34 | 16.06 | 39.10 | 41.83 | 45.31 |
| Payables turnover | 10.22 | 11.35 | 10.04 | 9.67 | 10.33 | 6.73 | 4.44 | 11.68 | 10.96 | 11.03 |
| Inventory turnover | 5.73 | 5.64 | 5.91 | 6.07 | 6.29 | 3.59 | 2.38 | 6.70 | 6.57 | 6.72 |
| Asset turnover | 1.47 | 1.41 | 1.36 | 1.31 | 0.90 | 0.59 | 0.59 | 1.63 | 1.55 | 1.51 |
| Average receivables | $192.5M | $214.5M | $225.0M | $233.0M | $194.0M | $227.0M | $336.5M | $338.5M | $302.0M | $277.5M |
| Average payables | $401.5M | $359.0M | $417.5M | $445.0M | $390.0M | $496.0M | $679.0M | $714.0M | $700.0M | $675.5M |
| Average inventory | $716.5M | $722.0M | $709.5M | $709.0M | $640.5M | $929.5M | $1.27B | $1.24B | $1.17B | $1.11B |
| Intangibles / total assets | 15.6% | 16.3% | 14.5% | 14.4% | 13.2% | 6.9% | 10.3% | 21.7% | 21.6% | 21.5% |
Computed from BBWI's annual financial statements (latest annual report filed March 12, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
BBWI valuation and financial ratios
At the end of fiscal 2026 (January 31, 2026), Bath & Body Works traded at 7.1 times earnings, against a 10-year median of 11.1. Based on the latest twelve months, the trailing P/E is 5.3 and the forward P/E is 6.3. Bath & Body Works earned a return on invested capital of 29.5% in fiscal 2026. It ended the year with $5.0 billion of debt and $953.0 million in cash and short-term investments, net debt of $4.0 billion. It returned $568.0 million to shareholders: $167.0 million in dividends and $401.0 million in share buybacks, 66% of free cash flow. The share count fell 27.3% from 291.1M to 211.6M over 9 years.
See the BBWI income statement, the BBWI chart for price history, or the BBWI stock overview for the latest quote and news.
BBWI key metrics FAQ
What is Bath & Body Works's P/E ratio?
Bath & Body Works's trailing P/E ratio is 5.3 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 6.3. At the end of fiscal 2026 it was 7.1, compared with a 10-year median of 11.1.
What is Bath & Body Works's EV/EBITDA?
Bath & Body Works's enterprise value was 6.1 times EBITDA at the end of fiscal 2026 (enterprise value $8.6 billion, EBITDA $1.4 billion); the current EV/EBITDA is 5.0.
What is Bath & Body Works's ROIC?
Bath & Body Works's return on invested capital was 29.5% in fiscal 2026, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Bath & Body Works have?
Bath & Body Works had total debt of $5.0 billion at the end of fiscal 2026 and $4.0 billion of net debt (2.83 times EBITDA).
What is Bath & Body Works's dividend yield?
Bath & Body Works's forward dividend yield is 3.97%. Bath & Body Works paid $167.0 million in dividends in fiscal 2026 ($0.79 per share), a payout ratio of 25.7%.
Does Bath & Body Works buy back its shares?
Yes. Bath & Body Works spent $401.0 million on net share repurchases in fiscal 2026 Shares outstanding changed −4.2% over the year, to 211.6M..
What is Bath & Body Works's free cash flow yield?
Bath & Body Works generated $865.0 million of free cash flow in fiscal 2026, a free cash flow yield of 18.8% on its market value at year-end ($4.6 billion).
What is Bath & Body Works's current ratio?
Bath & Body Works's current ratio was 1.27 at the end of fiscal 2026: current assets were 1.27 times current liabilities.