Ingles Markets, Incorporated (IMKTA) Key Metrics
IMKTA valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $1.64B
- Enterprise value
- $1.66B
- P/E (TTM)
- 15.8 10-yr median 8.4
- Forward P/E
- 8.6
- PEG ratio
- 0.85
- Price / sales
- 0.3 10-yr median 0.2
- Price / book
- 0.9 10-yr median 1.1
- EV / EBITDA
- 6.0 10-yr median 5.7
- Dividend yield
- 0.58% $0.66 a year
- Beta
- 0.57
IMKTA key metrics, FY2016–FY2025
Fiscal year ended September 30, 2025 · U.S. dollarsIMKTA valuation Price multiples at each fiscal year-end price.
IMKTA returns How much profit the business earns on the capital it uses.
IMKTA per-share figures Results divided by the shares outstanding at year-end.
IMKTA financial health Debt, liquidity and how easily interest is covered.
IMKTA efficiency & capital use Working capital cycle and where the cash goes.
IMKTA valuation history
IMKTA returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
IMKTA debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
IMKTA cash returned to shareholders
IMKTA price vs earnings per share
IMKTA key metrics
FY2016–FY2025| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $1.32B | $1.42B | $1.43B | $1.50B | $1.30B | $770.7M | $787.3M | $693.9M | $520.7M | $801.1M |
| Enterprise value | $1.50B | $1.63B | $1.70B | $1.81B | $1.81B | $1.42B | $1.60B | $1.55B | $1.37B | $1.67B |
| P/E ratio | 15.8 | 13.4 | 6.8 | 5.5 | 5.2 | 4.3 | 9.7 | 7.1 | 9.7 | 14.8 |
| Price / sales | 0.2 | 0.3 | 0.2 | 0.3 | 0.3 | 0.2 | 0.2 | 0.2 | 0.1 | 0.2 |
| Price / book | 0.8 | 0.9 | 1.0 | 1.2 | 1.3 | 0.9 | 1.2 | 1.2 | 1.0 | 1.7 |
| Price / free cash flow | 33.4 | 27.4 | 15.4 | 6.8 | 7.8 | 3.4 | 15.8 | 64.5 | 18.2 | 37.5 |
| Price / operating cash flow | 8.6 | 5.4 | 5.4 | 4.4 | 4.2 | 2.2 | 3.7 | 4.3 | 3.3 | 5.0 |
| EV / sales | 0.3 | 0.3 | 0.3 | 0.3 | 0.4 | 0.3 | 0.4 | 0.4 | 0.3 | 0.4 |
| EV / EBITDA | 5.9 | 5.8 | 4.1 | 3.6 | 3.9 | 3.6 | 6.0 | 6.4 | 5.7 | 7.0 |
| EV / free cash flow | 37.8 | 31.5 | 18.3 | 8.2 | 10.9 | 6.2 | 32.1 | 144.0 | 48.0 | 78.2 |
| Earnings yield | 6.3% | 7.4% | 14.7% | 18.1% | 19.3% | 23.2% | 10.4% | 14.0% | 10.3% | 6.8% |
| Free cash flow yield | 3.0% | 3.6% | 6.5% | 14.6% | 12.8% | 29.5% | 6.3% | 1.5% | 5.5% | 2.7% |
| Dividend yield | 0.9% | 0.9% | 0.9% | 0.8% | 1.0% | 1.7% | 1.7% | 1.9% | 2.5% | 1.6% |
| Shareholder yield (dividends + buybacks) | 0.9% | 0.9% | 0.9% | 0.8% | 7.2% | 1.7% | 1.7% | 1.9% | 2.5% | 1.6% |
| Share price at fiscal year-end | $69.56 | $74.60 | $75.33 | $79.21 | $66.03 | $38.04 | $38.86 | $34.25 | $25.70 | $39.54 |
| Per share | ||||||||||
| Revenue per share | $280.82 | $296.91 | $310.24 | $298.97 | $254.31 | $227.57 | $207.41 | $202.02 | $197.57 | $187.32 |
| Earnings per share | $4.40 | $5.56 | $11.10 | $14.36 | $12.73 | $8.82 | $4.03 | $4.81 | $2.66 | $2.67 |
| Operating cash flow per share | $8.11 | $13.82 | $14.03 | $17.87 | $15.62 | $17.28 | $10.44 | $7.96 | $7.72 | $7.85 |
| Free cash flow per share | $2.08 | $2.72 | $4.89 | $11.58 | $8.45 | $11.22 | $2.46 | $0.53 | $1.41 | $1.06 |
| Cash per share | $19.28 | $18.62 | $17.30 | $14.07 | $3.84 | $0.34 | $2.08 | $0.52 | $1.18 | $0.28 |
| Book value per share | $85.07 | $81.38 | $76.81 | $66.31 | $50.13 | $40.44 | $32.71 | $29.39 | $25.22 | $23.21 |
| Tangible book value per share | $85.07 | $81.38 | $76.81 | $66.31 | $50.13 | $40.44 | $32.71 | $29.39 | $25.22 | $23.21 |
| Dividends per share | $0.65 | $0.65 | $0.65 | $0.65 | $0.64 | $0.64 | $0.64 | $0.64 | $0.64 | $0.64 |
| Capex per share | $6.03 | $11.10 | $9.14 | $6.30 | $7.17 | $6.06 | $7.98 | $7.43 | $6.30 | $6.79 |
| Debt per share | $28.62 | $29.74 | $31.35 | $30.11 | $30.06 | $32.32 | $42.07 | $42.72 | $43.33 | $43.26 |
| Shares outstanding | 19.0M | 19.0M | 19.0M | 19.0M | 19.6M | 20.3M | 20.3M | 20.3M | 20.3M | 20.3M |
| Change in shares outstanding | 0.0% | 0.0% | 0.0% | −3.2% | −3.2% | 0.0% | 0.0% | 0.0% | 0.0% | +0.0% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 5.3% | 7.0% | 15.5% | 24.3% | 27.7% | 24.1% | 13.0% | 17.6% | 11.0% | 12.1% |
| Return on invested capital (ROIC) | 5.0% | 6.4% | 13.4% | 18.6% | 18.0% | 14.5% | 8.0% | 8.9% | 6.0% | 6.2% |
| Return on assets (ROA) | 3.3% | 4.2% | 8.8% | 12.6% | 12.7% | 9.5% | 4.4% | 5.5% | 3.2% | 3.2% |
| Return on tangible assets | 3.3% | 4.2% | 8.5% | 11.9% | 12.4% | 9.4% | 4.4% | 5.3% | 3.1% | 3.2% |
| Free cash flow margin | 0.7% | 0.9% | 1.6% | 3.9% | 3.3% | 4.9% | 1.2% | 0.3% | 0.7% | 0.6% |
| Income quality (OCF / net income) | 1.84 | 2.49 | 1.26 | 1.24 | 1.23 | 1.96 | 2.59 | 1.66 | 2.90 | 2.93 |
| Financial health | ||||||||||
| Total debt | $543.7M | $565.0M | $595.5M | $571.9M | $589.5M | $654.9M | $852.2M | $865.6M | $877.9M | $876.5M |
| Cash & short-term investments | $366.2M | $353.7M | $328.5M | $267.2M | $75.3M | $6.9M | $42.1M | $10.5M | $23.9M | $5.7M |
| Net debt | $177.4M | $211.3M | $266.9M | $304.7M | $514.2M | $647.9M | $810.1M | $855.1M | $854.0M | $870.8M |
| Debt / equity | 0.34 | 0.37 | 0.41 | 0.45 | 0.60 | 0.80 | 1.29 | 1.45 | 1.72 | 1.86 |
| Debt / assets | 0.21 | 0.22 | 0.24 | 0.25 | 0.29 | 0.34 | 0.46 | 0.47 | 0.51 | 0.52 |
| Net debt / EBITDA | 0.70 | 0.75 | 0.64 | 0.61 | 1.10 | 1.65 | 3.04 | 3.55 | 3.52 | 3.67 |
| Current ratio | 3.22 | 2.89 | 2.88 | 2.51 | 1.52 | 1.45 | 2.01 | 1.91 | 1.82 | 1.73 |
| Quick ratio | 1.63 | 1.45 | 1.39 | 1.14 | 0.49 | 0.32 | 0.50 | 0.48 | 0.39 | 0.31 |
| Interest coverage | 6.0 | 6.7 | 13.2 | 17.5 | 14.4 | 6.9 | 3.2 | 2.6 | 2.7 | 2.8 |
| Working capital | $672.7M | $604.9M | $622.0M | $504.4M | $196.6M | $146.4M | $249.5M | $236.6M | $200.3M | $176.9M |
| Invested capital | $1.79B | $1.76B | $1.73B | $1.56B | $1.50B | $1.47B | $1.47B | $1.45B | $1.37B | $1.34B |
| Tangible asset value | $1.62B | $1.55B | $1.46B | $1.26B | $983.3M | $819.3M | $662.7M | $595.4M | $511.1M | $470.2M |
| Net current asset value | $25.4M | −$56.6M | −$62.3M | −$197.8M | −$459.6M | −$609.8M | −$707.5M | −$732.8M | −$776.4M | −$797.8M |
| Graham number | $91.78 | $100.87 | $138.50 | $146.38 | $119.84 | $89.56 | $54.44 | $56.37 | $38.85 | $37.37 |
| Graham net-net per share | −$13.83 | −$17.83 | −$18.89 | −$24.58 | −$35.36 | −$40.90 | −$45.48 | −$48.39 | −$48.07 | −$48.98 |
| Capital allocation | ||||||||||
| Dividends paid | $12.3M | $12.3M | $12.3M | $12.3M | $12.6M | $13.0M | $13.0M | $13.0M | $13.0M | $13.0M |
| Share buybacks (net) | — | — | $0 | $0 | $80.0M | $0 | — | $0 | $0 | $0 |
| Dividend payout ratio | 14.7% | 11.6% | 5.8% | 4.5% | 5.1% | 7.3% | 15.9% | 13.4% | 24.1% | 24.0% |
| Dividends + buybacks / free cash flow | 31.0% | 23.7% | 13.2% | 5.6% | 55.9% | 5.7% | 26.1% | 120.9% | 45.4% | 60.7% |
| Capex / revenue | 2.1% | 3.7% | 2.9% | 2.1% | 2.8% | 2.7% | 3.8% | 3.7% | 3.2% | 3.6% |
| Capex / operating cash flow | 74.3% | 80.3% | 65.2% | 35.2% | 45.9% | 35.1% | 76.5% | 93.3% | 81.7% | 86.6% |
| Capex / depreciation | 0.93 | 1.73 | 1.50 | 1.02 | 1.20 | 1.06 | 1.44 | 1.33 | 1.15 | 1.29 |
| Stock-based compensation / revenue | — | — | −0.0% | — | −0.2% | 0.1% | −0.1% | −0.0% | −0.0% | 0.0% |
| SG&A / revenue | 21.7% | 20.6% | 19.2% | 0.6% | 0.6% | 20.0% | 20.8% | 20.9% | 20.9% | 20.9% |
| Efficiency | ||||||||||
| Days sales outstanding | 6.3 | 6.0 | 6.3 | 6.2 | 6.5 | 6.1 | 6.2 | 6.1 | 5.8 | 6.2 |
| Days of inventory on hand | 42.5 | 40.2 | 38.7 | 36.3 | 37.5 | 39.6 | 42.8 | 42.3 | 41.6 | 43.4 |
| Days payables outstanding | 17.0 | 16.9 | 17.0 | 17.2 | 19.5 | 19.0 | 18.2 | 18.5 | 18.4 | 20.4 |
| Cash conversion cycle (days) | 31.8 | 29.3 | 28.1 | 25.2 | 24.4 | 26.7 | 30.8 | 29.9 | 29.1 | 29.1 |
| Receivables turnover | 57.78 | 60.69 | 57.57 | 59.08 | 56.54 | 60.15 | 59.18 | 60.02 | 62.51 | 59.29 |
| Payables turnover | 21.51 | 21.57 | 21.50 | 21.17 | 18.72 | 19.20 | 20.10 | 19.70 | 19.85 | 17.87 |
| Inventory turnover | 8.59 | 9.08 | 9.43 | 10.06 | 9.74 | 9.21 | 8.52 | 8.63 | 8.77 | 8.41 |
| Asset turnover | 2.09 | 2.26 | 2.47 | 2.63 | 2.55 | 2.45 | 2.28 | 2.30 | 2.34 | 2.27 |
| Average receivables | $92.3M | $92.9M | $102.4M | $96.1M | $88.2M | $76.7M | $71.0M | $68.2M | $64.0M | $64.0M |
| Average payables | $188.8M | $201.2M | $208.7M | $201.4M | $196.8M | $177.7M | $158.2M | $158.0M | $153.1M | $160.7M |
| Average inventory | $472.5M | $478.0M | $475.9M | $423.9M | $378.4M | $370.5M | $373.2M | $360.8M | $346.6M | $341.3M |
| Intangibles / total assets | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Computed from IMKTA's annual financial statements (latest annual report filed November 26, 2025) 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.
IMKTA valuation and financial ratios
At the end of fiscal 2025 (September 30, 2025), Ingles Markets traded at 15.8 times earnings, against a 10-year median of 8.4. Based on the latest twelve months, the trailing P/E is 15.8 and the forward P/E is 8.6. Ingles Markets earned a return on equity of 5.3% and a return on invested capital of 5.0% in fiscal 2025. It ended the year with $543.7 million of debt and $366.2 million in cash and short-term investments, net debt of $177.4 million. It returned $12.3 million to shareholders: $12.3 million in dividends and $0 in share buybacks, 31% of free cash flow. The share count fell 6.2% from 20.3M to 19.0M over 9 years.
See the IMKTA income statement, the IMKTA chart for price history, or the IMKTA stock overview for the latest quote and news.
IMKTA key metrics FAQ
What is Ingles Markets's P/E ratio?
Ingles Markets's trailing P/E ratio is 15.8 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 8.6. At the end of fiscal 2025 it was 15.8, compared with a 10-year median of 8.4.
What is Ingles Markets's EV/EBITDA?
Ingles Markets's enterprise value was 5.9 times EBITDA at the end of fiscal 2025 (enterprise value $1.5 billion, EBITDA $252.5 million); the current EV/EBITDA is 6.0.
What is Ingles Markets's return on equity?
Ingles Markets's return on equity (ROE) was 5.3% in fiscal 2025: net income of $83.6 million on average shareholders' equity of $1.6 billion.
What is Ingles Markets's ROIC?
Ingles Markets's return on invested capital was 5.0% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Ingles Markets have?
Ingles Markets had total debt of $543.7 million at the end of fiscal 2025, a debt-to-equity ratio of 0.34 and $177.4 million of net debt (0.70 times EBITDA).
What is Ingles Markets's dividend yield?
Ingles Markets's forward dividend yield is 0.58%. Ingles Markets paid $12.3 million in dividends in fiscal 2025 ($0.65 per share), a payout ratio of 14.7%.
What is Ingles Markets's free cash flow yield?
Ingles Markets generated $39.6 million of free cash flow in fiscal 2025, a free cash flow yield of 3.0% on its market value at year-end ($1.3 billion).
What is Ingles Markets's current ratio?
Ingles Markets's current ratio was 3.22 at the end of fiscal 2025: current assets were 3.22 times current liabilities.