RH (RH) Key Metrics
RH valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $2.14B
- Enterprise value
- $6.34B
- P/E (TTM)
- 20.0 10-yr median 31.5
- Forward P/E
- 22.7
- PEG ratio
- 0.64
- Price / sales
- 0.6 10-yr median 1.9
- Price / book
- 19.6 10-yr median 19.9
- EV / EBITDA
- 12.5 10-yr median 14.6
- Dividend yield
- —
- Beta
- 1.91
RH key metrics, FY2017–FY2026
Fiscal year ended January 31, 2026 · U.S. dollarsRH valuation Price multiples at each fiscal year-end price.
P/E ratio−72.7%
31.5
FY2026 · hover or tap a bar for each year
FY2017FY2026
Price / sales−56.6%
1.1
FY2026 · hover or tap a bar for each year
FY2017FY2026
Price / book
64.9
FY2026 · hover or tap a bar for each year
FY2017FY2026
EV / EBITDA−46.4%
14.5
FY2026 · hover or tap a bar for each year
FY2017FY2026
Price / free cash flow
15.6
FY2026 · hover or tap a bar for each year
FY2017FY2026
Free cash flow yield+9.0 pts
6.4%
FY2026 · hover or tap a bar for each year
FY2017FY2026
RH returns How much profit the business earns on the capital it uses.
Return on invested capital−2.3 pts
7.5%
FY2026 · hover or tap a bar for each year
FY2017FY2026
Return on assets+1.0 pts
2.7%
FY2026 · hover or tap a bar for each year
FY2017FY2026
Free cash flow margin+14.1 pts
7.3%
FY2026 · hover or tap a bar for each year
FY2017FY2026
Cash conversion (OCF / net income)+1,435.1%
3.62
FY2026 · hover or tap a bar for each year
FY2017FY2026
Asset turnover+0.2%
0.73
FY2026 · hover or tap a bar for each year
FY2017FY2026
RH per-share figures Results divided by the shares outstanding at year-end.
Revenue per share+9.2%
$173.79
FY2026 · hover or tap a bar for each year
FY2017FY2026
Earnings per share+74.1%
$6.31
FY2026 · hover or tap a bar for each year
FY2017FY2026
Free cash flow per share
$12.75
FY2026 · hover or tap a bar for each year
FY2017FY2026
Book value per share
$3.06
FY2026 · hover or tap a bar for each year
FY2017FY2026
Shares outstanding−1.0%
19.8M
FY2026 · hover or tap a bar for each year
FY2017FY2026
RH financial health Debt, liquidity and how easily interest is covered.
Debt / equity
65.50
FY2026 · hover or tap a bar for each year
FY2017FY2026
Net debt+$20.7M
$3.93B
FY2026 · hover or tap a bar for each year
FY2017FY2026
Net debt / EBITDA−1.36
7.26
FY2026 · hover or tap a bar for each year
FY2017FY2026
Current ratio−14.6%
1.19
FY2026 · hover or tap a bar for each year
FY2017FY2026
Interest coverage+9.6%
1.7
FY2026 · hover or tap a bar for each year
FY2017FY2026
Debt / assets−5.1%
0.82
FY2026 · hover or tap a bar for each year
FY2017FY2026
RH efficiency & capital use Working capital cycle and where the cash goes.
Days sales outstanding+1 days
12 days
FY2026 · hover or tap a bar for each year
FY2017FY2026
Days of inventory−12 days
176 days
FY2026 · hover or tap a bar for each year
FY2017FY2026
Days payables outstanding−3 days
42 days
FY2026 · hover or tap a bar for each year
FY2017FY2026
Cash conversion cycle−8 days
147 days
FY2026 · hover or tap a bar for each year
FY2017FY2026
Capex / revenue−1.4 pts
5.8%
FY2026 · hover or tap a bar for each year
FY2017FY2026
Dividends + buybacks / FCF
0.0%
FY2026 · hover or tap a bar for each year
FY2017FY2026
RH valuation history
Fiscal year-endToday10-year median
RH returns on capital
ROEROICROA
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
RH debt vs cash
Total debtCash & short-term investments
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
RH cash returned to shareholders
DividendsBuybacksFree cash flow
RH price vs earnings per share
Share price at year-endEPS (right axis)
RH key metrics
FY2017–FY2026| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $3.94B | $8.38B | $5.48B | $8.29B | $12.53B | $12.98B | $5.07B | $3.61B | $2.75B | $1.11B |
| Enterprise value | $7.86B | $12.29B | $9.07B | $10.53B | $13.79B | $14.50B | $6.89B | $5.50B | $3.88B | $1.65B |
| P/E ratio | 31.5 | 115.7 | 42.9 | 15.7 | 18.2 | 47.7 | 23.0 | 23.9 | — | 204.7 |
| Price / sales | 1.1 | 2.6 | 1.8 | 2.3 | 3.3 | 4.6 | 1.9 | 1.4 | 1.1 | 0.5 |
| Price / book | 64.9 | — | — | 10.6 | 10.7 | 29.0 | 272.0 | — | — | 1.2 |
| Price / free cash flow | 15.6 | — | — | 36.0 | 26.3 | 33.3 | 20.7 | 21.3 | 6.2 | — |
| Price / operating cash flow | 8.7 | 490.1 | 27.1 | 20.5 | 18.9 | 25.9 | 15.0 | 14.4 | 5.0 | 14.0 |
| EV / sales | 2.3 | 3.9 | 3.0 | 2.9 | 3.7 | 5.1 | 2.6 | 2.2 | 1.6 | 0.8 |
| EV / EBITDA | 14.5 | 27.1 | 17.3 | 13.6 | 12.9 | 23.7 | 13.2 | 14.1 | 23.7 | 14.6 |
| EV / free cash flow | 31.2 | — | — | 45.8 | 28.9 | 37.2 | 28.1 | 32.4 | 8.8 | — |
| Earnings yield | 3.2% | 0.9% | 2.3% | 6.4% | 5.5% | 2.1% | 4.3% | 4.2% | 0.1% | 0.5% |
| Free cash flow yield | 6.4% | −2.6% | −1.2% | 2.8% | 3.8% | 3.0% | 4.8% | 4.7% | 16.1% | −7.1% |
| Shareholder yield (dividends + buybacks) | 0.0% | 0.1% | 22.9% | 12.1% | 0.2% | 0.1% | 4.9% | 6.9% | 36.4% | 0.1% |
| Share price at fiscal year-end | $198.83 | $419.11 | $253.48 | $311.99 | $402.82 | $475.36 | $208.75 | $135.87 | $93.99 | $27.02 |
| Per share | ||||||||||
| Revenue per share | $173.79 | $159.10 | $140.23 | $135.17 | $120.81 | $104.34 | $108.95 | $94.43 | $83.42 | $52.16 |
| Earnings per share | $6.31 | $3.62 | $5.91 | $19.90 | $22.13 | $9.96 | $9.07 | $5.68 | $0.07 | $0.13 |
| Operating cash flow per share | $22.85 | $0.86 | $9.36 | $15.20 | $21.28 | $18.34 | $13.96 | $9.41 | $18.98 | $1.93 |
| Free cash flow per share | $12.75 | −$10.69 | −$3.11 | $8.66 | $15.32 | $14.27 | $10.11 | $6.39 | $15.13 | −$1.93 |
| Cash per share | $2.08 | $1.52 | $5.73 | $56.78 | $70.00 | $3.68 | $1.96 | $0.22 | $0.61 | $5.61 |
| Book value per share | $3.06 | −$8.18 | −$13.77 | $29.54 | $37.61 | $16.37 | $0.77 | −$1.46 | −$0.25 | $22.48 |
| Tangible book value per share | −$8.26 | −$19.04 | −$23.81 | $21.42 | $30.73 | $8.58 | −$7.89 | −$9.39 | −$8.54 | $15.77 |
| Capex per share | $10.10 | $11.54 | $12.47 | $6.54 | $5.96 | $4.07 | $3.85 | $3.01 | $3.84 | $3.85 |
| Debt per share | $200.56 | $196.97 | $172.05 | $141.16 | $110.40 | $59.42 | $76.88 | $71.63 | $39.24 | $19.02 |
| Shares outstanding | 19.8M | 20.0M | 21.6M | 26.6M | 31.1M | 27.3M | 24.3M | 26.5M | 29.3M | 40.9M |
| Change in shares outstanding | −1.0% | −7.4% | −18.7% | −14.6% | +14.0% | +12.4% | −8.4% | −9.3% | −28.5% | −3.1% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | — | — | — | 54.1% | 85.1% | 116.7% | — | — | — | 0.6% |
| Return on invested capital (ROIC) | 7.5% | 9.8% | 9.4% | 27.4% | 35.6% | 18.5% | 16.5% | 14.2% | 5.4% | 4.1% |
| Return on assets (ROA) | 2.7% | 1.7% | 2.7% | 9.7% | 16.3% | 10.2% | 9.1% | 7.2% | 0.1% | 0.3% |
| Return on tangible assets | 2.7% | 1.7% | 3.2% | 10.4% | 12.9% | 10.1% | 9.9% | 6.8% | 0.1% | 0.3% |
| Free cash flow margin | 7.3% | −6.7% | −2.2% | 6.4% | 12.7% | 13.7% | 9.3% | 6.8% | 18.1% | −3.7% |
| Income quality (OCF / net income) | 3.62 | 0.24 | 1.59 | 0.76 | 0.96 | 1.84 | 1.54 | 1.66 | 254.63 | 14.60 |
| Financial health | ||||||||||
| Total debt | $3.97B | $3.94B | $3.72B | $3.75B | $3.43B | $1.62B | $1.87B | $1.90B | $1.15B | $778.3M |
| Cash & short-term investments | $41.2M | $30.4M | $123.7M | $1.51B | $2.18B | $100.4M | $47.7M | $5.8M | $17.9M | $229.7M |
| Net debt | $3.93B | $3.91B | $3.59B | $2.24B | $1.26B | $1.52B | $1.82B | $1.89B | $1.13B | $548.6M |
| Debt / equity | 65.50 | — | — | 4.78 | 2.94 | 3.63 | 100.16 | — | — | 0.85 |
| Debt / assets | 0.82 | 0.86 | 0.90 | 0.71 | 0.62 | 0.56 | 0.76 | 0.78 | 0.66 | 0.35 |
| Net debt / EBITDA | 7.26 | 8.62 | 6.86 | 2.89 | 1.18 | 2.49 | 3.48 | 4.86 | 6.92 | 4.85 |
| Current ratio | 1.19 | 1.39 | 1.23 | 2.81 | 2.89 | 0.85 | 0.59 | 0.69 | 1.16 | 2.59 |
| Quick ratio | 0.31 | 0.24 | 0.34 | 1.88 | 2.18 | 0.24 | 0.14 | 0.15 | 0.12 | 0.75 |
| Interest coverage | 1.7 | 1.6 | 1.5 | 4.9 | 14.0 | 6.9 | 4.2 | 3.8 | 2.2 | 1.8 |
| Working capital | $177.1M | $356.0M | $201.2M | $1.60B | $2.01B | −$139.2M | −$399.7M | −$304.8M | $81.5M | $660.8M |
| Invested capital | $3.99B | $3.74B | $3.30B | $3.03B | $2.43B | $1.97B | $1.84B | $1.86B | $1.12B | $1.47B |
| Tangible asset value | −$163.4M | −$380.6M | −$514.4M | $569.0M | $956.0M | $234.3M | −$191.7M | −$249.1M | −$249.9M | $645.5M |
| Net current asset value | −$3.67B | −$3.46B | −$3.37B | −$2.04B | −$1.30B | −$1.67B | −$1.84B | −$1.77B | −$1.14B | −$195.7M |
| Graham number | $20.84 | — | — | $115.01 | $136.85 | $60.56 | $12.52 | — | — | $8.17 |
| Graham net-net per share | −$213.93 | −$204.18 | −$178.57 | −$95.37 | −$56.38 | −$73.90 | −$87.14 | −$79.62 | −$48.90 | −$15.26 |
| Capital allocation | ||||||||||
| Share buybacks (net) | $0 | $12.0M | $1.25B | $1.00B | $20.7M | $8.3M | $250.0M | $250.0M | $1.00B | $1.6M |
| Dividends + buybacks / free cash flow | 0.0% | — | — | 434.7% | 4.3% | 2.1% | 101.8% | 147.4% | 226.0% | — |
| Capex / revenue | 5.8% | 7.3% | 8.9% | 4.8% | 4.9% | 3.9% | 3.5% | 3.2% | 4.6% | 7.4% |
| Capex / operating cash flow | 44.2% | 1,350.0% | 133.2% | 43.0% | 28.0% | 22.2% | 27.6% | 32.0% | 20.3% | 199.9% |
| Capex / depreciation | 1.35 | 1.77 | 2.26 | 0.94 | 1.10 | 0.68 | 0.56 | 0.50 | 1.60 | 2.77 |
| Stock-based compensation / revenue | 1.3% | 1.4% | 1.3% | 1.2% | 1.3% | 5.1% | 0.8% | 1.0% | 2.1% | 1.4% |
| SG&A / revenue | 32.8% | 33.4% | 33.2% | 28.4% | 24.7% | 28.1% | 27.7% | 28.4% | 29.4% | 25.6% |
| Efficiency | ||||||||||
| Days sales outstanding | 12.5 | 11.9 | 11.4 | 9.0 | 7.5 | 7.8 | 9.9 | 9.2 | 5.9 | 6.5 |
| Days of inventory on hand | 176.3 | 188.2 | 178.4 | 161.8 | 125.7 | 120.6 | 116.8 | 131.0 | 149.4 | 189.9 |
| Days payables outstanding | 42.0 | 45.2 | 39.9 | 41.9 | 44.8 | 48.6 | 42.8 | 45.9 | 37.9 | 36.5 |
| Cash conversion cycle (days) | 146.8 | 154.9 | 150.0 | 129.0 | 88.4 | 79.9 | 84.0 | 94.4 | 117.4 | 159.8 |
| Receivables turnover | 29.23 | 30.58 | 31.99 | 40.47 | 48.59 | 46.62 | 36.70 | 39.62 | 61.99 | 56.27 |
| Payables turnover | 8.69 | 8.07 | 9.15 | 8.72 | 8.15 | 7.51 | 8.54 | 7.95 | 9.64 | 9.99 |
| Inventory turnover | 2.07 | 1.94 | 2.05 | 2.26 | 2.90 | 3.03 | 3.12 | 2.79 | 2.44 | 1.92 |
| Asset turnover | 0.73 | 0.73 | 0.64 | 0.66 | 0.89 | 1.07 | 1.09 | 1.21 | 1.24 | 1.00 |
| Average receivables | $117.7M | $104.0M | $94.7M | $88.7M | $77.4M | $61.1M | $72.1M | $63.2M | $39.4M | $37.9M |
| Average payables | $221.5M | $218.8M | $179.2M | $204.1M | $233.5M | $202.8M | $181.9M | $189.2M | $165.0M | $145.7M |
| Average inventory | $929.3M | $910.3M | $801.8M | $788.5M | $655.3M | $503.4M | $496.9M | $540.3M | $651.2M | $757.0M |
| Intangibles / total assets | 4.6% | 4.8% | 5.2% | 4.1% | 3.9% | 7.3% | 8.6% | 8.7% | 14.0% | 12.5% |
Computed from RH's annual financial statements (latest annual report filed April 1, 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.
RH valuation and financial ratios
At the end of fiscal 2026 (January 31, 2026), RH traded at 31.5 times earnings, against a 10-year median of 31.5. Based on the latest twelve months, the trailing P/E is 20.0 and the forward P/E is 22.7. RH earned a return on invested capital of 7.5% in fiscal 2026. It ended the year with $4.0 billion of debt and $41.2 million in cash and short-term investments, net debt of $3.9 billion. The share count fell 51.6% from 40.9M to 19.8M over 9 years.
See the RH income statement, the RH chart for price history, or the RH stock overview for the latest quote and news.
RH key metrics FAQ
What is RH's P/E ratio?
RH's trailing P/E ratio is 20.0 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 22.7. At the end of fiscal 2026 it was 31.5, compared with a 10-year median of 31.5.
What is RH's EV/EBITDA?
RH's enterprise value was 14.5 times EBITDA at the end of fiscal 2026 (enterprise value $7.9 billion, EBITDA $540.8 million); the current EV/EBITDA is 12.5.
What is RH's ROIC?
RH's return on invested capital was 7.5% in fiscal 2026, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does RH have?
RH had total debt of $4.0 billion at the end of fiscal 2026, a debt-to-equity ratio of 65.50 and $3.9 billion of net debt (7.26 times EBITDA).
What is RH's free cash flow yield?
RH generated $252.4 million of free cash flow in fiscal 2026, a free cash flow yield of 6.4% on its market value at year-end ($3.9 billion).
What is RH's current ratio?
RH's current ratio was 1.19 at the end of fiscal 2026: current assets were 1.19 times current liabilities.