Diageo plc (DEO) Key Metrics
DEO valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $52.89B
- Enterprise value
- $68.49B
- P/E (TTM)
- 30.5 10-yr median 23.9
- Forward P/E
- 13.0
- PEG ratio
- 0.54
- Price / sales
- 2.7 10-yr median 2.8
- Price / book
- 4.4 10-yr median 5.1
- EV / EBITDA
- 11.2 10-yr median 12.3
- Dividend yield
- 2.10% $2.00 a year
- Beta
- 0.35
DEO key metrics, FY2024–FY2026
Fiscal year ended June 30, 2026 · U.S. dollarsDEO valuation Price multiples at each fiscal year-end price.
DEO returns How much profit the business earns on the capital it uses.
DEO per-share figures Results divided by the shares outstanding at year-end.
DEO financial health Debt, liquidity and how easily interest is covered.
DEO efficiency & capital use Working capital cycle and where the cash goes.
DEO valuation history
DEO returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
DEO debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
DEO cash returned to shareholders
DEO price vs earnings per share
DEO key metrics
FY2024–FY2026| FY2026 | FY2025 | FY2024 | |
|---|---|---|---|
| Valuation | |||
| Market capitalization | $44.83B | $56.17B | $70.57B |
| Enterprise value | $65.01B | $77.92B | $90.94B |
| P/E ratio | 25.9 | 23.9 | 18.2 |
| Price / sales | 2.3 | 2.8 | 3.5 |
| Price / book | 4.1 | 5.1 | 7.0 |
| Price / free cash flow | 14.1 | 20.9 | 15.5 |
| Price / operating cash flow | 10.2 | 13.1 | 17.2 |
| EV / sales | 3.3 | 3.8 | 4.5 |
| EV / EBITDA | 10.3 | 12.3 | 12.6 |
| EV / free cash flow | 20.4 | 29.0 | 20.0 |
| Earnings yield | 3.9% | 4.2% | 5.5% |
| Free cash flow yield | 7.1% | 4.8% | 6.5% |
| Dividend yield | 4.1% | 4.1% | 3.3% |
| Shareholder yield (dividends + buybacks) | 4.1% | 4.1% | 5.7% |
| Share price at fiscal year-end | $80.38 | $100.84 | $126.08 |
| Per share | |||
| Revenue per share | $35.15 | $36.35 | $36.21 |
| Earnings per share | $3.11 | $4.23 | $6.91 |
| Operating cash flow per share | $7.86 | $7.71 | $7.33 |
| Free cash flow per share | $5.72 | $4.82 | $8.14 |
| Cash per share | $3.62 | $4.75 | $2.02 |
| Book value per share | $19.49 | $19.91 | $17.92 |
| Tangible book value per share | −$4.49 | −$6.62 | −$12.59 |
| Dividends per share | $3.30 | $4.13 | $4.21 |
| Capex per share | $2.14 | $2.89 | $2.70 |
| Debt per share | $39.80 | $43.81 | $38.41 |
| Shares outstanding | 557.8M | 557.0M | 559.8M |
| Change in shares outstanding | +0.1% | −0.5% | — |
| Returns & profitability | |||
| Return on equity (ROE) | 15.8% | 22.3% | 38.6% |
| Return on invested capital (ROIC) | 13.3% | 9.8% | 15.1% |
| Return on assets (ROA) | 3.6% | 5.0% | 8.5% |
| Return on tangible assets | 5.2% | 6.8% | 13.6% |
| Free cash flow margin | 16.3% | 13.3% | 22.5% |
| Income quality (OCF / net income) | 2.53 | 1.83 | 1.06 |
| Financial health | |||
| Total debt | $22.20B | $24.40B | $21.50B |
| Cash & short-term investments | $2.02B | $2.65B | $1.13B |
| Net debt | $20.18B | $21.75B | $20.37B |
| Debt / equity | 2.04 | 2.20 | 2.14 |
| Debt / assets | 0.47 | 0.49 | 0.47 |
| Net debt / EBITDA | 3.20 | 3.42 | 2.81 |
| Current ratio | 1.60 | 1.63 | 1.53 |
| Quick ratio | 0.62 | 0.64 | 0.55 |
| Interest coverage | 5.3 | 4.2 | 4.7 |
| Working capital | $6.48B | $6.79B | $5.26B |
| Invested capital | $31.05B | $32.84B | $30.40B |
| Tangible asset value | −$421.0M | −$1.60B | −$5.01B |
| Net current asset value | −$16.68B | −$18.65B | −$18.28B |
| Graham number | $36.92 | $43.51 | $52.80 |
| Graham net-net per share | −$42.97 | −$46.36 | −$43.90 |
| Capital allocation | |||
| Dividends paid | $1.84B | $2.30B | $2.36B |
| Share buybacks (net) | $0 | $0 | $1.67B |
| Dividend payout ratio | 106.3% | 97.6% | 61.0% |
| Dividends + buybacks / free cash flow | 57.8% | 85.6% | 88.4% |
| Capex / revenue | 6.1% | 8.0% | 7.4% |
| Capex / operating cash flow | 27.3% | 37.5% | 36.8% |
| Capex / depreciation | 1.61 | 0.94 | 3.06 |
| Stock-based compensation / revenue | — | — | 0.2% |
| R&D / revenue | — | — | 0.3% |
| SG&A / revenue | 16.2% | 36.2% | 18.4% |
| Efficiency | |||
| Days sales outstanding | 61.9 | 62.4 | 68.3 |
| Days of inventory on hand | 486.6 | 460.7 | 439.6 |
| Days payables outstanding | 219.3 | 214.3 | 287.4 |
| Cash conversion cycle (days) | 329.2 | 308.8 | 220.5 |
| Receivables turnover | 5.90 | 5.85 | 5.35 |
| Payables turnover | 1.66 | 1.70 | 1.27 |
| Inventory turnover | 0.75 | 0.79 | 0.83 |
| Asset turnover | 0.41 | 0.43 | 0.45 |
| Average receivables | $3.33B | $3.46B | $3.79B |
| Average payables | $4.77B | $4.74B | $6.35B |
| Average inventory | $10.59B | $10.19B | $9.72B |
| Intangibles / total assets | 28.6% | 30.0% | 37.6% |
Computed from DEO's annual financial statements (latest annual report filed August 18, 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.
DEO valuation and financial ratios
At the end of fiscal 2026 (June 30, 2026), Diageo traded at 25.9 times earnings, against a 3-year median of 23.9. Based on the latest twelve months, the trailing P/E is 30.5 and the forward P/E is 13.0. Diageo earned a return on equity of 15.8% and a return on invested capital of 13.3% in fiscal 2026. It ended the year with $22.2 billion of debt and $2.0 billion in cash and short-term investments, net debt of $20.2 billion. It returned $1.8 billion to shareholders: $1.8 billion in dividends and $0 in share buybacks, 58% of free cash flow.
See the DEO income statement, the DEO chart for price history, or the DEO stock overview for the latest quote and news.
DEO key metrics FAQ
What is Diageo's P/E ratio?
Diageo's trailing P/E ratio is 30.5 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 13.0. At the end of fiscal 2026 it was 25.9, compared with a 3-year median of 23.9.
What is Diageo's EV/EBITDA?
Diageo's enterprise value was 10.3 times EBITDA at the end of fiscal 2026 (enterprise value $65.0 billion, EBITDA $6.3 billion); the current EV/EBITDA is 11.2.
What is Diageo's return on equity?
Diageo's return on equity (ROE) was 15.8% in fiscal 2026: net income of $1.7 billion on average shareholders' equity of $11.0 billion.
What is Diageo's ROIC?
Diageo's return on invested capital was 13.3% in fiscal 2026, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Diageo have?
Diageo had total debt of $22.2 billion at the end of fiscal 2026, a debt-to-equity ratio of 2.04 and $20.2 billion of net debt (3.20 times EBITDA).
What is Diageo's dividend yield?
Diageo's forward dividend yield is 2.10%. Diageo paid $1.8 billion in dividends in fiscal 2026 ($3.30 per share), a payout ratio of 106.3%.
What is Diageo's free cash flow yield?
Diageo generated $3.2 billion of free cash flow in fiscal 2026, a free cash flow yield of 7.1% on its market value at year-end ($44.8 billion).
What is Diageo's current ratio?
Diageo's current ratio was 1.60 at the end of fiscal 2026: current assets were 1.60 times current liabilities.