Cal-Maine Foods, Inc. (CALM) Key Metrics
CALM valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $2.97B
- Enterprise value
- $2.43B
- P/E (TTM)
- 51.7 10-yr median 17.5
- Forward P/E
- 19.8
- PEG ratio
- 2.20
- Price / sales
- 1.2 10-yr median 1.3
- Price / book
- 1.3 10-yr median 1.8
- EV / EBITDA
- 5.3 10-yr median 9.2
- Dividend yield
- 3.85% $2.45 a year
- Beta
- 0.23
CALM key metrics, FY2017–FY2026
Fiscal year ended May 31, 2026 · U.S. dollarsCALM valuation Price multiples at each fiscal year-end price.
CALM returns How much profit the business earns on the capital it uses.
CALM per-share figures Results divided by the shares outstanding at year-end.
CALM financial health Debt, liquidity and how easily interest is covered.
CALM efficiency & capital use Working capital cycle and where the cash goes.
CALM valuation history
CALM returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
CALM debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
CALM cash returned to shareholders
CALM price vs earnings per share
CALM key metrics
FY2017–FY2026| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $3.57B | $4.69B | $3.01B | $2.32B | $2.33B | $1.70B | $2.16B | $1.80B | $2.33B | $1.80B |
| Enterprise value | $2.65B | $3.30B | $2.20B | $1.68B | $2.15B | $1.53B | $1.94B | $1.48B | $2.00B | $1.65B |
| P/E ratio | 11.3 | 3.8 | 10.8 | 3.1 | 17.5 | 824.6 | 117.7 | 33.2 | 18.5 | — |
| Price / sales | 1.2 | 1.1 | 1.3 | 0.7 | 1.3 | 1.3 | 1.6 | 1.3 | 1.5 | 1.7 |
| Price / book | 1.4 | 1.8 | 1.7 | 1.4 | 2.1 | 1.7 | 2.1 | 1.8 | 2.4 | 2.1 |
| Price / free cash flow | 10.8 | 4.4 | 9.9 | 3.2 | 43.2 | — | — | 38.2 | 12.9 | — |
| Price / operating cash flow | 7.4 | 3.8 | 6.7 | 2.7 | 18.4 | 65.0 | 29.4 | 15.6 | 11.6 | — |
| EV / sales | 0.9 | 0.8 | 0.9 | 0.5 | 1.2 | 1.1 | 1.4 | 1.1 | 1.3 | 1.5 |
| EV / EBITDA | 5.6 | 1.9 | 5.0 | 1.6 | 9.2 | 30.8 | 24.6 | 11.8 | 12.8 | — |
| EV / free cash flow | 8.0 | 3.1 | 7.2 | 2.3 | 40.0 | — | — | 31.5 | 11.1 | — |
| Earnings yield | 8.9% | 26.0% | 9.2% | 32.6% | 5.7% | 0.1% | 0.8% | 3.0% | 5.4% | −4.1% |
| Free cash flow yield | 9.3% | 22.8% | 10.1% | 31.3% | 2.3% | −4.1% | −2.3% | 2.6% | 7.8% | −6.4% |
| Dividend yield | 6.5% | 7.0% | 3.0% | 10.9% | 0.3% | 0.1% | 0.1% | 2.3% | 1.8% | 2.3% |
| Shareholder yield (dividends + buybacks) | 10.2% | 8.2% | 3.1% | 10.9% | 0.3% | 0.1% | 0.1% | 2.4% | 1.8% | 2.4% |
| Share price at fiscal year-end | $74.72 | $95.93 | $61.67 | $47.55 | $47.73 | $34.91 | $44.56 | $37.02 | $48.05 | $37.20 |
| Per share | ||||||||||
| Revenue per share | $60.94 | $87.17 | $47.60 | $64.43 | $36.47 | $27.72 | $27.82 | $28.01 | $31.01 | $22.22 |
| Earnings per share | $6.63 | $24.95 | $5.69 | $15.52 | $2.72 | $0.04 | $0.38 | $1.12 | $2.60 | −$1.54 |
| Operating cash flow per share | $10.11 | $25.13 | $9.24 | $17.67 | $2.59 | $0.54 | $1.52 | $2.37 | $4.13 | −$1.02 |
| Free cash flow per share | $6.94 | $21.83 | $6.23 | $14.88 | $1.10 | −$1.42 | −$1.04 | $0.97 | $3.73 | −$2.40 |
| Cash per share | $19.34 | $28.49 | $16.62 | $13.27 | $3.58 | $3.48 | $4.78 | $6.57 | $6.83 | $3.23 |
| Book value per share | $55.10 | $52.37 | $36.83 | $32.99 | $22.66 | $20.82 | $20.78 | $20.37 | $19.67 | $17.42 |
| Tangible book value per share | $51.54 | $51.11 | $35.57 | $31.76 | $21.39 | $19.67 | $19.58 | $19.15 | $18.39 | $16.09 |
| Dividends per share | $4.85 | $6.76 | $1.88 | $5.17 | $0.13 | $0.03 | $0.03 | $0.86 | $0.86 | $0.86 |
| Capex per share | $3.16 | $3.30 | $3.01 | $2.80 | $1.49 | $1.95 | $2.56 | $1.40 | $0.41 | $1.38 |
| Debt per share | — | — | — | $0.02 | $0.03 | $0.05 | $0.07 | $0.05 | $0.13 | $0.23 |
| Shares outstanding | 47.8M | 48.9M | 48.9M | 48.8M | 48.7M | 48.7M | 48.6M | 48.6M | 48.5M | 48.4M |
| Change in shares outstanding | −2.3% | +0.0% | +0.1% | +0.2% | +0.2% | +0.1% | −0.0% | +0.2% | +0.2% | −0.0% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 12.2% | 56.0% | 16.3% | 55.8% | 12.5% | 0.2% | 1.8% | 5.6% | 14.0% | −8.5% |
| Return on invested capital (ROIC) | 18.8% | 108.3% | 24.6% | 77.4% | 12.9% | −2.6% | 0.2% | 5.5% | 15.5% | −16.7% |
| Return on assets (ROA) | 10.2% | 46.0% | 13.4% | 44.6% | 9.9% | 0.2% | 1.6% | 4.7% | 11.5% | −6.9% |
| Return on tangible assets | 10.8% | 40.1% | 13.0% | 39.8% | 9.6% | 0.2% | 1.6% | 4.9% | 11.6% | −7.7% |
| Free cash flow margin | 11.4% | 25.0% | 13.1% | 23.1% | 3.0% | −5.1% | −3.7% | 3.5% | 12.0% | −10.8% |
| Income quality (OCF / net income) | 1.53 | 1.01 | 1.62 | 1.14 | 0.95 | 12.69 | 4.00 | 2.12 | 1.59 | — |
| Financial health | ||||||||||
| Total debt | — | — | — | $918,000 | $1.4M | $2.4M | $3.4M | $2.6M | $6.1M | $10.9M |
| Cash & short-term investments | $924.1M | $1.39B | $812.4M | $647.9M | $174.5M | $169.5M | $232.3M | $319.4M | $331.0M | $156.0M |
| Net debt | −$924.1M | −$1.39B | −$812.4M | −$647.0M | −$173.1M | −$167.1M | −$228.9M | −$316.9M | −$324.9M | −$145.1M |
| Debt / equity | — | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.01 |
| Debt / assets | — | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.01 |
| Net debt / EBITDA | −1.95 | −0.82 | −1.84 | −0.60 | −0.74 | −3.36 | −2.91 | −2.51 | −2.07 | — |
| Current ratio | 7.70 | 6.38 | 5.45 | 6.16 | 3.58 | 5.77 | 5.60 | 7.58 | 5.45 | 6.74 |
| Quick ratio | 5.87 | 5.42 | 4.30 | 4.60 | 2.16 | 3.35 | 3.60 | 5.28 | 3.88 | 4.26 |
| Interest coverage | 629.8 | — | 569.1 | — | 356.2 | -123.3 | 2.5 | 71.1 | 387.5 | -415.4 |
| Working capital | $1.38B | $1.66B | $1.01B | $942.2M | $476.8M | $429.8M | $429.1M | $492.8M | $479.7M | $371.5M |
| Invested capital | $1.71B | $1.17B | $987.8M | $964.1M | $931.5M | $845.6M | $780.8M | $672.9M | $628.4M | $697.6M |
| Tangible asset value | $2.47B | $2.50B | $1.74B | $1.55B | $1.04B | $956.9M | $951.3M | $930.5M | $893.9M | $779.8M |
| Net current asset value | $1.11B | $1.43B | $839.9M | $770.8M | $328.6M | $290.6M | $316.0M | $401.3M | $392.8M | $247.6M |
| Graham number | $90.65 | $171.48 | $68.65 | $107.34 | $37.26 | $4.45 | $13.30 | $22.62 | $33.91 | — |
| Graham net-net per share | $17.64 | $24.72 | $13.57 | $11.80 | $2.83 | $2.97 | $3.98 | $6.03 | $5.88 | $2.81 |
| Capital allocation | ||||||||||
| Dividends paid | $231.6M | $330.3M | $91.9M | $252.3M | $6.1M | $1.7M | $1.7M | $41.7M | $41.7M | $41.7M |
| Share buybacks (net) | $131.1M | $54.0M | $1.7M | $1.6M | $1.1M | $871,000 | $910,000 | $985,000 | $1.1M | $1.7M |
| Dividend payout ratio | 73.1% | 27.1% | 33.1% | 33.3% | 4.6% | 80.2% | 9.0% | 76.9% | 33.1% | — |
| Dividends + buybacks / free cash flow | 109.3% | 36.0% | 30.7% | 35.0% | 13.5% | — | — | 90.7% | 23.7% | — |
| Capex / revenue | 5.2% | 3.8% | 6.3% | 4.3% | 4.1% | 7.0% | 9.2% | 5.0% | 1.3% | 6.2% |
| Capex / operating cash flow | 31.3% | 13.1% | 32.6% | 15.8% | 57.4% | 363.7% | 168.7% | 59.1% | 9.8% | — |
| Capex / depreciation | 1.22 | 1.72 | 1.83 | 1.89 | 1.06 | 1.60 | 2.14 | 1.24 | 0.36 | 1.36 |
| Stock-based compensation / revenue | 0.2% | 0.1% | 0.2% | 0.1% | 0.2% | 0.3% | 0.3% | 0.3% | 0.2% | 0.3% |
| SG&A / revenue | 11.3% | 7.4% | 10.0% | 7.4% | 7.7% | 13.6% | 13.2% | 12.8% | 11.8% | 16.2% |
| Efficiency | ||||||||||
| Days sales outstanding | 33.6 | 18.6 | 27.4 | 23.6 | 35.5 | 30.4 | 23.0 | 21.1 | 24.7 | 33.4 |
| Days of inventory on hand | 54.7 | 42.2 | 55.8 | 51.3 | 61.0 | 62.3 | 56.0 | 54.7 | 52.6 | 56.0 |
| Days payables outstanding | 16.1 | 13.4 | 16.2 | 15.4 | 17.1 | 16.7 | 20.1 | 17.8 | 10.9 | 11.9 |
| Cash conversion cycle (days) | 72.3 | 47.4 | 67.1 | 59.4 | 79.5 | 76.0 | 58.8 | 58.0 | 66.3 | 77.5 |
| Receivables turnover | 10.85 | 19.60 | 13.31 | 15.48 | 10.27 | 11.99 | 15.89 | 17.27 | 14.80 | 10.94 |
| Payables turnover | 22.72 | 27.26 | 22.53 | 23.69 | 21.36 | 21.87 | 18.15 | 20.50 | 33.35 | 30.77 |
| Inventory turnover | 6.68 | 8.65 | 6.54 | 7.12 | 5.98 | 5.86 | 6.52 | 6.68 | 6.93 | 6.52 |
| Asset turnover | 0.94 | 1.61 | 1.12 | 1.85 | 1.33 | 1.10 | 1.14 | 1.18 | 1.38 | 1.00 |
| Average receivables | $268.4M | $217.4M | $174.8M | $203.3M | $173.0M | $112.5M | $85.1M | $78.8M | $101.5M | $98.2M |
| Average payables | $98.6M | $88.4M | $79.2M | $82.3M | $67.4M | $54.3M | $64.6M | $55.5M | $34.2M | $33.4M |
| Average inventory | $335.5M | $278.7M | $273.1M | $273.9M | $240.8M | $202.8M | $179.7M | $170.4M | $164.7M | $157.7M |
| Intangibles / total assets | 5.5% | 2.0% | 2.8% | 3.1% | 4.3% | 4.5% | 4.8% | 5.1% | 5.4% | 6.3% |
Computed from CALM's annual financial statements (latest annual report filed July 22, 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.
CALM valuation and financial ratios
At the end of fiscal 2026 (May 31, 2026), Cal-Maine Foods traded at 11.3 times earnings, against a 10-year median of 17.5. Based on the latest twelve months, the trailing P/E is 51.7 and the forward P/E is 19.8. Cal-Maine Foods earned a return on equity of 12.2% and a return on invested capital of 18.8% in fiscal 2026. It returned $362.7 million to shareholders: $231.6 million in dividends and $131.1 million in share buybacks, 109% of free cash flow.
See the CALM income statement, the CALM chart for price history, or the CALM stock overview for the latest quote and news.
CALM key metrics FAQ
What is Cal-Maine Foods's P/E ratio?
Cal-Maine Foods's trailing P/E ratio is 51.7 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 19.8. At the end of fiscal 2026 it was 11.3, compared with a 10-year median of 17.5.
What is Cal-Maine Foods's EV/EBITDA?
Cal-Maine Foods's enterprise value was 5.6 times EBITDA at the end of fiscal 2026 (enterprise value $2.6 billion, EBITDA $474.5 million); the current EV/EBITDA is 5.3.
What is Cal-Maine Foods's return on equity?
Cal-Maine Foods's return on equity (ROE) was 12.2% in fiscal 2026: net income of $316.7 million on average shareholders' equity of $2.6 billion.
What is Cal-Maine Foods's ROIC?
Cal-Maine Foods's return on invested capital was 18.8% in fiscal 2026, using after-tax operating income divided by average debt plus equity minus cash.
What is Cal-Maine Foods's dividend yield?
Cal-Maine Foods's forward dividend yield is 3.85%. Cal-Maine Foods paid $231.6 million in dividends in fiscal 2026 ($4.85 per share), a payout ratio of 73.1%.
Does Cal-Maine Foods buy back its shares?
Yes. Cal-Maine Foods spent $131.1 million on net share repurchases in fiscal 2026 Shares outstanding changed −2.3% over the year, to 47.8M..
What is Cal-Maine Foods's free cash flow yield?
Cal-Maine Foods generated $331.8 million of free cash flow in fiscal 2026, a free cash flow yield of 9.3% on its market value at year-end ($3.6 billion).
What is Cal-Maine Foods's current ratio?
Cal-Maine Foods's current ratio was 7.70 at the end of fiscal 2026: current assets were 7.70 times current liabilities.