Sally Beauty Holdings, Inc. (SBH) Key Metrics
SBH valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $1.56B
- Enterprise value
- $2.91B
- P/E (TTM)
- 8.5 10-yr median 8.7
- Forward P/E
- 7.4
- PEG ratio
- 0.74
- Price / sales
- 0.4 10-yr median 0.5
- Price / book
- 1.8 10-yr median 3.5
- EV / EBITDA
- 7.0 10-yr median 7.3
- Dividend yield
- —
- Beta
- 1.03
SBH key metrics, FY2016–FY2025
Fiscal year ended September 30, 2025 · U.S. dollarsSBH valuation Price multiples at each fiscal year-end price.
SBH returns How much profit the business earns on the capital it uses.
SBH per-share figures Results divided by the shares outstanding at year-end.
SBH financial health Debt, liquidity and how easily interest is covered.
SBH efficiency & capital use Working capital cycle and where the cash goes.
SBH valuation history
SBH returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
SBH debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
SBH cash returned to shareholders
SBH price vs earnings per share
SBH key metrics
FY2016–FY2025| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $1.69B | $1.45B | $916.2M | $1.39B | $1.92B | $996.6M | $1.79B | $2.28B | $2.71B | $3.82B |
| Enterprise value | $3.10B | $2.94B | $2.47B | $3.05B | $3.47B | $2.83B | $3.31B | $3.97B | $4.51B | $5.52B |
| P/E ratio | 8.6 | 9.5 | 5.0 | 7.6 | 8.0 | 8.8 | 6.6 | 8.8 | 12.6 | 17.1 |
| Price / sales | 0.5 | 0.4 | 0.2 | 0.4 | 0.5 | 0.3 | 0.5 | 0.6 | 0.7 | 1.0 |
| Price / book | 2.1 | 2.3 | 1.8 | 4.7 | 6.9 | 64.5 | — | — | — | — |
| Price / free cash flow | 9.8 | 10.0 | 5.8 | 24.3 | 6.2 | 3.2 | 8.4 | 8.0 | 10.6 | 19.1 |
| Price / operating cash flow | 6.1 | 5.9 | 3.7 | 8.9 | 5.0 | 2.3 | 5.6 | 6.1 | 7.9 | 10.9 |
| EV / sales | 0.8 | 0.8 | 0.7 | 0.8 | 0.9 | 0.8 | 0.9 | 1.0 | 1.1 | 1.4 |
| EV / EBITDA | 7.3 | 7.5 | 5.6 | 6.2 | 6.5 | 7.4 | 7.2 | 7.4 | 7.6 | 9.2 |
| EV / free cash flow | 18.0 | 20.2 | 15.6 | 53.3 | 11.3 | 8.9 | 15.6 | 13.9 | 17.7 | 27.6 |
| Earnings yield | 11.6% | 10.6% | 20.1% | 13.2% | 12.5% | 11.4% | 15.2% | 11.3% | 7.9% | 5.8% |
| Free cash flow yield | 10.2% | 10.0% | 17.3% | 4.1% | 16.0% | 31.7% | 11.9% | 12.6% | 9.4% | 5.2% |
| Dividend yield | — | — | 0.1% | 0.5% | — | 0.3% | 0.1% | 0.0% | 0.0% | 0.0% |
| Shareholder yield (dividends + buybacks) | 3.2% | 4.2% | 1.7% | 9.9% | 0.0% | 6.4% | 2.8% | 7.3% | 12.8% | 5.5% |
| Share price at fiscal year-end | $16.28 | $13.57 | $8.38 | $12.60 | $16.85 | $8.69 | $14.89 | $18.39 | $19.58 | $25.68 |
| Per share | ||||||||||
| Revenue per share | $35.65 | $34.76 | $34.10 | $34.59 | $33.93 | $30.64 | $32.23 | $31.76 | $28.50 | $26.56 |
| Earnings per share | $1.89 | $1.43 | $1.69 | $1.66 | $2.10 | $0.99 | $2.26 | $2.08 | $1.56 | $1.50 |
| Operating cash flow per share | $2.65 | $2.31 | $2.28 | $1.42 | $3.34 | $3.72 | $2.66 | $3.01 | $2.49 | $2.36 |
| Free cash flow per share | $1.66 | $1.36 | $1.45 | $0.52 | $2.70 | $2.76 | $1.77 | $2.31 | $1.84 | $1.34 |
| Cash per share | $1.44 | $1.01 | $1.12 | $0.64 | $3.51 | $4.48 | $0.59 | $0.62 | $0.46 | $0.58 |
| Book value per share | $7.65 | $5.88 | $4.65 | $2.66 | $2.46 | $0.13 | −$0.50 | −$2.17 | −$2.63 | −$1.86 |
| Tangible book value per share | $1.93 | $0.28 | −$0.73 | −$2.56 | −$2.77 | −$5.08 | −$5.43 | −$7.08 | −$7.10 | −$6.06 |
| Dividends per share | — | — | $0.01 | $0.06 | — | $0.02 | $0.02 | $0.00 | $0.00 | $0.00 |
| Capex per share | $0.98 | $0.95 | $0.83 | $0.90 | $0.65 | $0.97 | $0.90 | $0.70 | $0.65 | $1.02 |
| Debt per share | $15.05 | $14.94 | $15.32 | $15.72 | $17.01 | $20.45 | $13.26 | $14.33 | $13.52 | $11.99 |
| Shares outstanding | 103.8M | 106.9M | 109.3M | 110.3M | 114.2M | 114.7M | 120.3M | 123.8M | 138.2M | 148.8M |
| Change in shares outstanding | −2.9% | −2.2% | −0.9% | −3.4% | −0.4% | −4.7% | −2.9% | −10.4% | −7.1% | −6.0% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 27.5% | 27.0% | 46.0% | 63.9% | 162.0% | — | — | — | — | — |
| Return on invested capital (ROIC) | 11.3% | 10.1% | 11.8% | 13.4% | 16.8% | 11.1% | 18.2% | 23.4% | 20.8% | 22.6% |
| Return on assets (ROA) | 6.9% | 5.6% | 7.0% | 6.8% | 8.4% | 4.5% | 12.9% | 12.2% | 10.1% | 10.5% |
| Return on tangible assets | 8.6% | 7.0% | 8.6% | 9.2% | 10.7% | 4.9% | 18.0% | 17.3% | 14.3% | 14.8% |
| Free cash flow margin | 4.7% | 3.9% | 4.3% | 1.5% | 7.9% | 9.0% | 5.5% | 7.3% | 6.5% | 5.1% |
| Income quality (OCF / net income) | 1.40 | 1.61 | 1.35 | 0.85 | 1.59 | 3.77 | 1.18 | 1.44 | 1.60 | 1.57 |
| Financial health | ||||||||||
| Total debt | $1.56B | $1.60B | $1.68B | $1.73B | $1.94B | $2.34B | $1.59B | $1.77B | $1.87B | $1.78B |
| Cash & short-term investments | $149.2M | $108.0M | $123.0M | $70.6M | $401.0M | $514.2M | $71.5M | $77.3M | $63.8M | $86.6M |
| Net debt | $1.41B | $1.49B | $1.55B | $1.66B | $1.54B | $1.83B | $1.52B | $1.70B | $1.80B | $1.70B |
| Debt / equity | 1.97 | 2.54 | 3.29 | 5.91 | 6.92 | 151.83 | — | — | — | — |
| Debt / assets | 0.54 | 0.57 | 0.61 | 0.67 | 0.68 | 0.81 | 0.76 | 0.85 | 0.88 | 0.84 |
| Net debt / EBITDA | 3.31 | 3.79 | 3.52 | 3.37 | 2.91 | 4.82 | 3.33 | 3.17 | 3.05 | 2.84 |
| Current ratio | 2.26 | 2.20 | 2.12 | 1.70 | 2.08 | 2.54 | 2.55 | 2.35 | 2.04 | 2.40 |
| Quick ratio | 0.54 | 0.45 | 0.44 | 0.29 | 0.77 | 1.10 | 0.46 | 0.43 | 0.42 | 0.54 |
| Interest coverage | 5.1 | 3.7 | 4.5 | 3.6 | 4.5 | 2.6 | 3.6 | 4.3 | 3.6 | 3.5 |
| Working capital | $725.5M | $712.6M | $648.7M | $464.5M | $718.7M | $869.7M | $707.5M | $663.9M | $595.9M | $684.2M |
| Invested capital | $2.21B | $2.12B | $2.06B | $1.96B | $1.82B | $1.85B | $1.46B | $1.43B | $1.44B | $1.42B |
| Tangible asset value | $200.5M | $30.3M | −$79.5M | −$282.7M | −$316.0M | −$582.9M | −$653.2M | −$877.2M | −$981.7M | −$901.8M |
| Net current asset value | −$775.4M | −$859.0M | −$988.5M | −$1.15B | −$1.18B | −$1.45B | −$995.2M | −$1.21B | −$1.32B | −$1.24B |
| Graham number | $18.02 | $13.77 | $13.30 | $9.98 | $10.78 | $1.73 | — | — | — | — |
| Graham net-net per share | −$12.97 | −$13.74 | −$14.17 | −$15.33 | −$14.71 | −$16.71 | −$12.74 | −$14.12 | −$13.67 | −$12.13 |
| Capital allocation | ||||||||||
| Dividends paid | — | — | $717,000 | $6.9M | — | $2.8M | $2.2M | $0 | $0 | $0 |
| Share buybacks (net) | $54.0M | $60.4M | $15.2M | $130.3M | $0 | $61.4M | $47.4M | $166.7M | $346.9M | $209.1M |
| Dividend payout ratio | — | — | 0.4% | 3.8% | — | 2.5% | 0.8% | 0.0% | 0.0% | 0.0% |
| Dividends + buybacks / free cash flow | 31.3% | 41.5% | 10.0% | 239.8% | 0.0% | 20.3% | 23.3% | 58.3% | 136.2% | 104.6% |
| Capex / revenue | 2.8% | 2.7% | 2.4% | 2.6% | 1.9% | 3.2% | 2.8% | 2.2% | 2.3% | 3.8% |
| Capex / operating cash flow | 37.2% | 41.0% | 36.4% | 63.4% | 19.4% | 26.0% | 33.6% | 23.2% | 26.0% | 43.1% |
| Capex / depreciation | 1.02 | 0.92 | 0.89 | 0.99 | 0.72 | 1.04 | 1.00 | 0.79 | 0.80 | 1.52 |
| Stock-based compensation / revenue | 0.5% | 0.5% | 0.4% | 0.3% | 0.3% | 0.2% | 0.2% | 0.3% | 0.3% | 0.3% |
| SG&A / revenue | 43.3% | 43.1% | 41.6% | 40.4% | 39.2% | 41.1% | 37.5% | 35.0% | 34.2% | 34.5% |
| Efficiency | ||||||||||
| Days sales outstanding | 10.3 | 8.3 | 7.3 | 6.6 | 5.8 | 8.4 | 9.2 | 8.5 | 8.2 | 8.1 |
| Days of inventory on hand | 206.3 | 201.0 | 190.0 | 175.7 | 160.2 | 179.3 | 176.1 | 172.1 | 170.0 | 164.5 |
| Days payables outstanding | 50.3 | 52.8 | 53.1 | 55.1 | 50.2 | 52.3 | 54.0 | 56.1 | 53.6 | 50.2 |
| Cash conversion cycle (days) | 166.3 | 156.5 | 144.1 | 127.2 | 115.8 | 135.4 | 131.3 | 124.5 | 124.6 | 122.4 |
| Receivables turnover | 35.46 | 44.23 | 50.33 | 54.96 | 63.00 | 43.66 | 39.75 | 43.04 | 44.70 | 45.15 |
| Payables turnover | 7.25 | 6.92 | 6.87 | 6.62 | 7.27 | 6.99 | 6.76 | 6.51 | 6.82 | 7.27 |
| Inventory turnover | 1.77 | 1.82 | 1.92 | 2.08 | 2.28 | 2.04 | 2.07 | 2.12 | 2.15 | 2.22 |
| Asset turnover | 1.31 | 1.35 | 1.41 | 1.41 | 1.35 | 1.41 | 1.85 | 1.86 | 1.85 | 1.87 |
| Average receivables | $104.4M | $84.0M | $74.1M | $69.4M | $61.5M | $80.5M | $97.5M | $91.4M | $88.1M | $87.5M |
| Average payables | $247.0M | $264.2M | $267.3M | $283.7M | $264.0M | $257.5M | $291.0M | $305.5M | $289.6M | $273.6M |
| Average inventory | $1.01B | $1.01B | $955.8M | $903.9M | $842.9M | $883.7M | $948.6M | $937.6M | $919.1M | $896.3M |
| Intangibles / total assets | 20.7% | 21.4% | 21.6% | 22.4% | 21.0% | 20.7% | 28.3% | 29.0% | 29.1% | 29.3% |
Computed from SBH's annual financial statements (latest annual report filed November 13, 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.
SBH valuation and financial ratios
At the end of fiscal 2025 (September 30, 2025), Sally Beauty traded at 8.6 times earnings, against a 10-year median of 8.7. Based on the latest twelve months, the trailing P/E is 8.5 and the forward P/E is 7.4. Sally Beauty earned a return on equity of 27.5% and a return on invested capital of 11.3% in fiscal 2025. It ended the year with $1.6 billion of debt and $149.2 million in cash and short-term investments, net debt of $1.4 billion. It returned $54.0 million to shareholders: $0 in dividends and $54.0 million in share buybacks, 31% of free cash flow. The share count fell 30.2% from 148.8M to 103.8M over 9 years.
See the SBH income statement, the SBH chart for price history, or the SBH stock overview for the latest quote and news.
SBH key metrics FAQ
What is Sally Beauty's P/E ratio?
Sally Beauty's trailing P/E ratio is 8.5 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 7.4. At the end of fiscal 2025 it was 8.6, compared with a 10-year median of 8.7.
What is Sally Beauty's EV/EBITDA?
Sally Beauty's enterprise value was 7.3 times EBITDA at the end of fiscal 2025 (enterprise value $3.1 billion, EBITDA $427.7 million); the current EV/EBITDA is 7.0.
What is Sally Beauty's return on equity?
Sally Beauty's return on equity (ROE) was 27.5% in fiscal 2025: net income of $195.9 million on average shareholders' equity of $711.4 million.
What is Sally Beauty's ROIC?
Sally Beauty's return on invested capital was 11.3% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Sally Beauty have?
Sally Beauty had total debt of $1.6 billion at the end of fiscal 2025, a debt-to-equity ratio of 1.97 and $1.4 billion of net debt (3.31 times EBITDA).
Does Sally Beauty buy back its shares?
Yes. Sally Beauty spent $54.0 million on net share repurchases in fiscal 2025 Shares outstanding changed −2.9% over the year, to 103.8M..
What is Sally Beauty's free cash flow yield?
Sally Beauty generated $172.7 million of free cash flow in fiscal 2025, a free cash flow yield of 10.2% on its market value at year-end ($1.7 billion).
What is Sally Beauty's current ratio?
Sally Beauty's current ratio was 2.26 at the end of fiscal 2025: current assets were 2.26 times current liabilities.