Jerash Holdings (US), Inc. (JRSH) Key Metrics
JRSH valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $78.4M
- Enterprise value
- $69.7M
- P/E (TTM)
- 16.2 10-yr median 13.6
- Forward P/E
- 6.5
- PEG ratio
- —
- Price / sales
- 0.4 10-yr median 0.5
- Price / book
- 1.1 10-yr median 1.0
- EV / EBITDA
- 5.9 10-yr median 5.8
- Dividend yield
- 3.24% $0.20 a year
- Beta
- 0.97
JRSH key metrics, FY2017–FY2026
Fiscal year ended March 31, 2026 · U.S. dollarsJRSH valuation Price multiples at each fiscal year-end price.
JRSH returns How much profit the business earns on the capital it uses.
JRSH per-share figures Results divided by the shares outstanding at year-end.
JRSH financial health Debt, liquidity and how easily interest is covered.
JRSH efficiency & capital use Working capital cycle and where the cash goes.
JRSH valuation history
JRSH returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
JRSH debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
JRSH cash returned to shareholders
JRSH price vs earnings per share
JRSH key metrics
FY2017–FY2026| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $38.1M | $41.9M | $37.6M | $59.6M | $76.4M | $71.3M | $58.2M | $83.5M | — | — |
| Enterprise value | $35.9M | $33.7M | $26.2M | $42.5M | $52.6M | $51.5M | $32.9M | $56.9M | — | — |
| P/E ratio | 10.8 | — | — | 24.6 | 9.6 | 17.2 | 9.0 | 16.3 | — | — |
| Price / sales | 0.2 | 0.3 | 0.3 | 0.4 | 0.5 | 0.8 | 0.6 | 1.0 | — | — |
| Price / book | 0.6 | 0.7 | 0.6 | 0.9 | 1.1 | 1.3 | 1.1 | 1.7 | — | — |
| Price / free cash flow | — | — | — | 11.9 | 19.5 | — | 26.0 | 9.3 | — | — |
| Price / operating cash flow | 15.3 | 30.7 | 15.1 | 5.5 | 8.5 | — | 8.4 | 8.5 | — | — |
| EV / sales | 0.2 | 0.2 | 0.2 | 0.3 | 0.4 | 0.6 | 0.4 | 0.7 | — | — |
| EV / EBITDA | 3.6 | 6.6 | 8.4 | 5.1 | 3.9 | 6.5 | 3.4 | 7.5 | — | — |
| EV / free cash flow | — | — | — | 8.5 | 13.5 | — | 14.7 | 6.3 | — | — |
| Earnings yield | 9.3% | −2.0% | −5.3% | 4.1% | 10.4% | 5.8% | 11.1% | 6.1% | — | — |
| Free cash flow yield | −6.9% | −1.6% | −6.3% | 8.4% | 5.1% | −3.4% | 3.8% | 10.8% | — | — |
| Dividend yield | 6.7% | 5.9% | 6.5% | 4.2% | 3.1% | 3.2% | 3.9% | 1.4% | — | — |
| Shareholder yield (dividends + buybacks) | 6.7% | 5.9% | 6.5% | 6.1% | 3.1% | 3.2% | 3.9% | 1.4% | — | — |
| Share price at fiscal year-end | $2.89 | $3.40 | $3.06 | $4.70 | $6.42 | $6.30 | $5.09 | $7.37 | — | — |
| Per share | ||||||||||
| Revenue per share | $12.61 | $11.83 | $9.53 | $10.89 | $12.05 | $7.97 | $8.13 | $7.50 | $6.12 | $4.75 |
| Earnings per share | $0.27 | −$0.07 | −$0.16 | $0.19 | $0.67 | $0.37 | $0.57 | $0.45 | $0.92 | $0.82 |
| Operating cash flow per share | $0.19 | $0.11 | $0.20 | $0.85 | $0.75 | −$0.13 | $0.60 | $0.86 | $0.46 | $0.59 |
| Free cash flow per share | −$0.20 | −$0.05 | −$0.19 | $0.39 | $0.33 | −$0.21 | $0.20 | $0.79 | $0.38 | $0.55 |
| Cash per share | $0.82 | $1.08 | $1.01 | $1.40 | $2.16 | $1.93 | $2.28 | $2.40 | $0.76 | $0.28 |
| Book value per share | $4.91 | $5.10 | $5.24 | $5.38 | $5.83 | $4.98 | $4.76 | $4.41 | $2.98 | $1.66 |
| Tangible book value per share | $4.87 | $5.05 | $5.20 | $5.34 | $5.78 | $4.98 | $4.76 | $4.41 | $2.98 | $1.66 |
| Dividends per share | $0.19 | $0.20 | $0.20 | $0.20 | $0.20 | $0.20 | $0.20 | $0.10 | $0.10 | $0.41 |
| Capex per share | $0.39 | $0.17 | $0.39 | $0.46 | $0.42 | $0.08 | $0.41 | $0.07 | $0.08 | $0.04 |
| Debt per share | $0.65 | $0.42 | $0.08 | $0.06 | $0.16 | $0.17 | $0.08 | $0.06 | $0.09 | — |
| Shares outstanding | 13.2M | 12.3M | 12.3M | 12.7M | 11.9M | 11.3M | 11.4M | 11.3M | 11.3M | 13.1M |
| Change in shares outstanding | +7.0% | +0.3% | −3.0% | +6.5% | +5.1% | −1.0% | +1.0% | +0.0% | −13.4% | 0.0% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 5.5% | −1.3% | −3.0% | 3.5% | 12.6% | 7.5% | 12.4% | 12.2% | 37.5% | 56.2% |
| Return on invested capital (ROIC) | 8.3% | 1.3% | −1.0% | 5.4% | 19.4% | 12.4% | 24.7% | 20.6% | 47.2% | 67.8% |
| Return on assets (ROA) | 4.1% | −1.0% | −2.4% | 2.9% | 10.0% | 5.9% | 10.2% | 10.0% | 27.0% | 36.3% |
| Return on tangible assets | 4.0% | −1.0% | −2.5% | 2.9% | 9.3% | 5.7% | 9.6% | 8.6% | 24.1% | 31.5% |
| Free cash flow margin | −1.6% | −0.5% | −2.0% | 3.6% | 2.7% | −2.7% | 2.4% | 10.6% | 6.2% | 11.6% |
| Income quality (OCF / net income) | 0.71 | — | — | 4.47 | 1.13 | −0.36 | 1.07 | 1.91 | 0.50 | 0.72 |
| Financial health | ||||||||||
| Total debt | $8.6M | $5.1M | $989,104 | $768,749 | $1.9M | $1.9M | $860,251 | $648,711 | $980,195 | — |
| Cash & short-term investments | $10.8M | $13.3M | $12.4M | $17.8M | $25.7M | $21.8M | $26.1M | $27.2M | $8.6M | $3.7M |
| Net debt | −$2.2M | −$8.2M | −$11.4M | −$17.0M | −$23.8M | −$19.9M | −$25.3M | −$26.5M | −$7.6M | −$3.7M |
| Debt / equity | 0.13 | 0.08 | 0.02 | 0.01 | 0.03 | 0.03 | 0.02 | 0.01 | 0.03 | — |
| Debt / assets | 0.10 | 0.06 | 0.01 | 0.01 | 0.02 | 0.03 | 0.01 | 0.01 | 0.02 | — |
| Net debt / EBITDA | −0.22 | −1.60 | −3.65 | −2.06 | −1.75 | −2.51 | −2.62 | −3.49 | −0.58 | −0.30 |
| Current ratio | 2.70 | 2.75 | 3.44 | 3.97 | 4.94 | 4.36 | 5.44 | 7.30 | 4.65 | 2.55 |
| Quick ratio | 1.31 | 1.35 | 1.60 | 1.70 | 2.94 | 2.47 | 3.15 | 4.46 | 1.95 | 0.93 |
| Interest coverage | 3.9 | 0.8 | -0.6 | 5.7 | 49.8 | 49.2 | 3.9 | — | — | — |
| Working capital | $36.7M | $34.6M | $36.1M | $42.8M | $55.7M | $49.8M | $48.1M | $47.8M | $28.9M | $18.4M |
| Invested capital | $62.6M | $54.6M | $52.9M | $51.2M | $45.5M | $36.5M | $29.2M | $23.4M | $26.1M | $18.0M |
| Tangible asset value | $64.4M | $62.4M | $63.9M | $67.7M | $68.8M | $56.4M | $54.8M | $50.3M | $34.1M | $22.0M |
| Net current asset value | $33.4M | $34.3M | $35.1M | $41.8M | $53.9M | $47.8M | $46.3M | $46.4M | $27.6M | $18.4M |
| Graham number | $5.44 | — | — | $4.81 | $9.34 | $6.41 | $7.78 | $6.69 | $7.85 | $5.53 |
| Graham net-net per share | $0.38 | $0.76 | $1.16 | $1.61 | $2.72 | $2.50 | $2.60 | $2.82 | $1.24 | $0.46 |
| Capital allocation | ||||||||||
| Dividends paid | $2.5M | $2.5M | $2.5M | $2.5M | $2.4M | $2.3M | $2.3M | $1.1M | $1.1M | $5.3M |
| Share buybacks (net) | — | — | $0 | $1.2M | $0 | — | — | $0 | $0 | $0 |
| Dividend payout ratio | 71.8% | — | — | 102.7% | 29.9% | 54.6% | 35.0% | 22.2% | 10.9% | 49.6% |
| Dividends + buybacks / free cash flow | — | — | — | 73.1% | 60.5% | — | 101.4% | 12.6% | 26.4% | 73.9% |
| Capex / revenue | 3.1% | 1.4% | 4.1% | 4.2% | 3.5% | 1.0% | 5.0% | 0.9% | 1.3% | 0.8% |
| Capex / operating cash flow | 205.6% | 149.5% | 194.9% | 53.7% | 56.4% | — | 67.7% | 8.1% | 17.0% | 6.4% |
| Capex / depreciation | 1.40 | 0.62 | 1.47 | 1.70 | 1.71 | 0.35 | 2.35 | 0.63 | 0.72 | 0.37 |
| Stock-based compensation / revenue | 0.5% | 1.2% | 0.8% | 0.3% | 0.7% | 0.1% | 0.3% | 4.2% | 0.2% | — |
| SG&A / revenue | 12.3% | 14.3% | 15.0% | 12.6% | 11.7% | 11.8% | 11.1% | 14.6% | 8.8% | 7.6% |
| Efficiency | ||||||||||
| Days sales outstanding | 9.6 | 10.6 | 12.1 | 18.2 | 30.3 | 35.9 | 18.4 | 20.0 | 30.1 | 36.2 |
| Days of inventory on hand | 75.4 | 81.2 | 109.0 | 95.6 | 88.6 | 129.9 | 112.5 | 118.4 | 144.2 | 139.6 |
| Days payables outstanding | 17.9 | 19.0 | 22.1 | 16.7 | 20.1 | 35.2 | 23.7 | 22.5 | 53.4 | 64.2 |
| Cash conversion cycle (days) | 67.2 | 72.8 | 99.0 | 97.1 | 98.9 | 130.6 | 107.2 | 115.9 | 120.9 | 111.5 |
| Receivables turnover | 37.99 | 34.33 | 30.19 | 20.06 | 12.03 | 10.17 | 19.89 | 18.24 | 12.11 | 10.09 |
| Payables turnover | 20.40 | 19.22 | 16.54 | 21.89 | 18.18 | 10.38 | 15.39 | 16.24 | 6.83 | 5.68 |
| Inventory turnover | 4.84 | 4.50 | 3.35 | 3.82 | 4.12 | 2.81 | 3.24 | 3.08 | 2.53 | 2.62 |
| Asset turnover | 1.92 | 1.79 | 1.43 | 1.63 | 1.81 | 1.28 | 1.47 | 1.66 | 1.80 | 2.11 |
| Average receivables | $4.4M | $4.2M | $3.9M | $6.9M | $11.9M | $8.9M | $4.7M | $4.7M | $5.7M | $6.1M |
| Average payables | $6.8M | $6.4M | $6.1M | $5.3M | $6.4M | $7.1M | $4.9M | $4.1M | $7.5M | $8.2M |
| Average inventory | $28.8M | $27.5M | $29.9M | $30.5M | $28.2M | $26.4M | $23.1M | $21.5M | $20.3M | $17.8M |
| Intangibles / total assets | 0.6% | 0.6% | 0.6% | 0.6% | 0.6% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Computed from JRSH's annual financial statements (latest annual report filed June 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.
JRSH valuation and financial ratios
At the end of fiscal 2026 (March 31, 2026), Jerash traded at 10.8 times earnings, against a 10-year median of 13.6. Based on the latest twelve months, the trailing P/E is 16.2 and the forward P/E is 6.5. Jerash earned a return on equity of 5.5% and a return on invested capital of 8.3% in fiscal 2026. It ended the year with $8.6 million of debt and $10.8 million in cash and short-term investments, a net cash position of $2.2 million. It returned $2.5 million to shareholders: $2.5 million in dividends and $0 in share buybacks.
See the JRSH income statement, the JRSH chart for price history, or the JRSH stock overview for the latest quote and news.
JRSH key metrics FAQ
What is Jerash's P/E ratio?
Jerash's trailing P/E ratio is 16.2 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 6.5. At the end of fiscal 2026 it was 10.8, compared with a 10-year median of 13.6.
What is Jerash's EV/EBITDA?
Jerash's enterprise value was 3.6 times EBITDA at the end of fiscal 2026 (enterprise value $35.9 million, EBITDA $10.0 million); the current EV/EBITDA is 5.9.
What is Jerash's return on equity?
Jerash's return on equity (ROE) was 5.5% in fiscal 2026: net income of $3.5 million on average shareholders' equity of $63.8 million.
What is Jerash's ROIC?
Jerash's return on invested capital was 8.3% in fiscal 2026, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Jerash have?
Jerash had total debt of $8.6 million at the end of fiscal 2026, a debt-to-equity ratio of 0.13 and more cash than debt.
What is Jerash's dividend yield?
Jerash's forward dividend yield is 3.24%. Jerash paid $2.5 million in dividends in fiscal 2026 ($0.19 per share), a payout ratio of 71.8%.
What is Jerash's free cash flow yield?
Jerash generated -$2.6 million of free cash flow in fiscal 2026, a free cash flow yield of −6.9% on its market value at year-end ($38.1 million).
What is Jerash's current ratio?
Jerash's current ratio was 2.70 at the end of fiscal 2026: current assets were 2.70 times current liabilities.