United Natural Foods, Inc. (UNFI) Key Metrics
UNFI valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $2.88B
- Enterprise value
- $5.64B
- P/E (TTM)
- 35.7 10-yr median 14.2
- Forward P/E
- 13.1
- PEG ratio
- 1.09
- Price / sales
- 0.1 10-yr median 0.1
- Price / book
- 1.6 10-yr median 1.0
- EV / EBITDA
- 10.8 10-yr median 10.8
- Dividend yield
- —
- Beta
- 0.97
UNFI key metrics, FY2017–FY2026
Fiscal year ended July 31, 2026 · U.S. dollarsUNFI valuation Price multiples at each fiscal year-end price.
UNFI returns How much profit the business earns on the capital it uses.
UNFI per-share figures Results divided by the shares outstanding at year-end.
UNFI financial health Debt, liquidity and how easily interest is covered.
UNFI efficiency & capital use Working capital cycle and where the cash goes.
UNFI valuation history
UNFI returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
UNFI debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
UNFI cash returned to shareholders
UNFI price vs earnings per share
UNFI key metrics
FY2017–FY2026| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $3.19B | $1.66B | $919.1M | $1.26B | $2.59B | $1.99B | $1.07B | $504.8M | $1.64B | $1.96B |
| Enterprise value | $6.19B | $5.07B | $4.43B | $4.49B | $5.93B | $5.37B | $4.68B | $3.50B | $1.97B | $2.33B |
| P/E ratio | 38.0 | — | — | 52.6 | 10.5 | 13.3 | — | — | 10.1 | 15.0 |
| Price / sales | 0.1 | 0.1 | 0.0 | 0.0 | 0.1 | 0.1 | 0.0 | 0.0 | 0.2 | 0.2 |
| Price / book | 2.0 | 1.1 | 0.6 | 0.7 | 1.4 | 1.3 | 0.9 | 0.3 | 0.9 | 1.2 |
| Price / free cash flow | 9.9 | 7.0 | — | 4.2 | 32.4 | 6.5 | 3.8 | 9.0 | 25.2 | 8.7 |
| Price / operating cash flow | 5.9 | 3.5 | 3.6 | 2.0 | 7.8 | 3.2 | 2.3 | 1.8 | 15.0 | 7.0 |
| EV / sales | 0.2 | 0.2 | 0.1 | 0.1 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.3 |
| EV / EBITDA | 11.8 | 16.6 | 12.9 | 9.9 | 7.9 | 8.0 | 35.5 | 39.8 | 6.3 | 7.3 |
| EV / free cash flow | 19.2 | 21.2 | — | 14.9 | 74.1 | 17.7 | 16.5 | 62.5 | 30.4 | 10.4 |
| Earnings yield | 2.6% | −7.1% | −12.2% | 1.9% | 9.6% | 7.5% | −25.7% | −56.5% | 9.9% | 6.7% |
| Free cash flow yield | 10.1% | 14.4% | −10.0% | 23.8% | 3.1% | 15.3% | 26.6% | 11.1% | 4.0% | 11.5% |
| Dividend yield | — | — | — | — | 0.5% | 0.7% | 0.1% | 0.6% | 0.0% | 0.0% |
| Shareholder yield (dividends + buybacks) | 1.6% | 0.6% | 0.8% | 4.9% | 0.9% | 1.4% | 0.2% | 1.2% | 1.5% | 0.1% |
| Share price at fiscal year-end | $50.83 | $27.64 | $15.50 | $20.80 | $42.51 | $33.12 | $19.85 | $9.86 | $32.20 | $38.53 |
| Per share | ||||||||||
| Revenue per share | $496.05 | $527.97 | $522.43 | $498.71 | $474.23 | $449.17 | $493.66 | $436.35 | $201.17 | $182.66 |
| Earnings per share | $1.34 | −$1.96 | −$1.89 | $0.40 | $4.07 | $2.48 | −$5.09 | −$5.57 | $3.20 | $2.56 |
| Operating cash flow per share | $8.60 | $7.81 | $4.27 | $10.28 | $5.43 | $10.23 | $8.49 | $5.56 | $2.15 | $5.53 |
| Free cash flow per share | $5.14 | $3.97 | −$1.55 | $4.96 | $1.31 | $5.07 | $5.28 | $1.09 | $1.28 | $4.42 |
| Cash per share | $0.59 | $0.73 | $0.67 | $0.61 | $0.72 | $0.68 | $0.87 | $0.83 | $0.46 | $0.30 |
| Book value per share | $25.81 | $25.76 | $27.67 | $28.71 | $29.36 | $25.25 | $21.28 | $29.56 | $36.31 | $33.12 |
| Tangible book value per share | $17.40 | $15.88 | $16.41 | $16.49 | $15.61 | $10.07 | $2.89 | $0.59 | $25.38 | $21.71 |
| Dividends per share | — | — | — | — | $0.20 | $0.23 | $0.02 | $0.06 | $0.00 | $0.00 |
| Capex per share | $3.46 | $3.84 | $5.82 | $5.32 | $4.11 | $5.17 | $3.22 | $4.46 | $0.88 | $1.11 |
| Debt per share | $48.33 | $57.33 | $59.83 | $53.79 | $55.44 | $57.12 | $68.01 | $59.36 | $7.08 | $7.59 |
| Shares outstanding | 62.8M | 60.2M | 59.3M | 60.7M | 61.0M | 60.0M | 53.8M | 51.2M | 50.8M | 50.8M |
| Change in shares outstanding | +4.3% | +1.5% | −2.3% | −0.5% | +1.7% | +11.5% | +5.1% | +0.7% | +0.1% | +0.7% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 5.3% | −7.4% | −6.6% | 1.4% | 15.0% | 11.2% | −20.6% | −17.0% | 9.2% | 8.1% |
| Return on invested capital (ROIC) | 5.0% | 1.6% | 1.6% | 3.1% | 5.8% | 5.0% | −3.3% | −4.6% | 8.2% | 6.6% |
| Return on assets (ROA) | 1.1% | −1.6% | −1.5% | 0.3% | 3.3% | 2.0% | −3.7% | −5.6% | 5.6% | 4.5% |
| Return on tangible assets | 1.3% | −1.7% | −1.6% | 0.4% | 3.7% | 2.3% | −4.2% | −5.0% | 6.8% | 5.6% |
| Free cash flow margin | 1.0% | 0.8% | −0.3% | 1.0% | 0.3% | 1.1% | 1.1% | 0.3% | 0.6% | 2.4% |
| Income quality (OCF / net income) | 6.43 | — | — | 26.00 | 1.33 | 4.12 | — | — | 0.67 | 2.16 |
| Financial health | ||||||||||
| Total debt | $3.04B | $3.45B | $3.55B | $3.27B | $3.38B | $3.43B | $3.66B | $3.04B | $360.1M | $385.6M |
| Cash & short-term investments | $37.0M | $44.0M | $40.0M | $37.0M | $44.0M | $41.0M | $47.0M | $42.4M | $23.3M | $15.4M |
| Net debt | $3.00B | $3.41B | $3.51B | $3.23B | $3.34B | $3.39B | $3.61B | $3.00B | $336.8M | $370.2M |
| Debt / equity | 1.87 | 2.23 | 2.16 | 1.87 | 1.89 | 2.26 | 3.20 | 2.01 | 0.20 | 0.23 |
| Debt / assets | 0.43 | 0.45 | 0.47 | 0.44 | 0.44 | 0.46 | 0.48 | 0.42 | 0.12 | 0.13 |
| Net debt / EBITDA | 5.72 | 11.13 | 10.20 | 7.09 | 4.45 | 5.04 | 27.36 | 34.06 | 1.07 | 1.17 |
| Current ratio | 1.29 | 1.32 | 1.44 | 1.44 | 1.57 | 1.43 | 1.56 | 1.69 | 2.56 | 2.36 |
| Quick ratio | 0.49 | 0.51 | 0.52 | 0.49 | 0.60 | 0.52 | 0.60 | 0.70 | 0.93 | 0.90 |
| Interest coverage | 2.4 | 0.8 | 0.6 | 1.0 | 3.2 | 1.4 | -1.1 | -1.1 | 13.6 | 13.2 |
| Working capital | $700.0M | $821.0M | $1.04B | $1.06B | $1.38B | $1.06B | $1.33B | $1.46B | $1.09B | $958.7M |
| Invested capital | $4.62B | $4.96B | $5.15B | $4.97B | $5.13B | $4.90B | $4.76B | $4.51B | $2.18B | $2.05B |
| Tangible asset value | $1.09B | $959.0M | $973.0M | $1.00B | $953.0M | $603.0M | $153.1M | $27.6M | $1.29B | $1.10B |
| Net current asset value | −$2.35B | −$2.62B | −$2.48B | −$2.19B | −$2.04B | −$2.46B | −$2.74B | −$2.10B | $670.4M | $458.0M |
| Graham number | $27.87 | — | — | $15.98 | $51.82 | $37.56 | — | — | $51.15 | $43.71 |
| Graham net-net per share | −$60.29 | −$68.60 | −$68.17 | −$62.61 | −$60.72 | −$66.99 | −$82.37 | −$74.22 | −$1.82 | −$5.50 |
| Capital allocation | ||||||||||
| Dividends paid | — | — | — | — | $12.0M | $14.0M | $1.0M | $3.0M | $0 | $0 |
| Share buybacks (net) | $50.0M | $10.0M | $7.0M | $62.0M | $12.0M | $14.0M | $1.0M | $3.0M | $24.2M | $1.3M |
| Dividend payout ratio | — | — | — | — | 4.8% | 9.4% | — | — | 0.0% | 0.0% |
| Dividends + buybacks / free cash flow | 15.5% | 4.2% | — | 20.6% | 30.0% | 9.2% | 0.7% | 10.7% | 37.4% | 0.6% |
| Capex / revenue | 0.7% | 0.7% | 1.1% | 1.1% | 0.9% | 1.2% | 0.7% | 1.0% | 0.4% | 0.6% |
| Capex / operating cash flow | 40.2% | 49.1% | 136.4% | 51.8% | 75.8% | 50.5% | 37.9% | 80.3% | 40.7% | 20.0% |
| Capex / depreciation | 0.72 | 0.72 | 1.08 | 1.06 | 0.88 | 1.08 | 0.60 | 0.91 | 0.52 | 0.66 |
| Stock-based compensation / revenue | 0.2% | 0.1% | 0.1% | 0.1% | 0.2% | 0.2% | 0.1% | 0.3% | 0.3% | 0.3% |
| SG&A / revenue | 12.5% | 12.7% | 13.0% | 5.9% | 6.1% | 5.9% | 5.8% | 6.0% | 12.5% | 12.9% |
| Efficiency | ||||||||||
| Days sales outstanding | 11.8 | 11.7 | 10.9 | 12.7 | 14.6 | 14.9 | 14.7 | 13.3 | 19.7 | 20.0 |
| Days of inventory on hand | 27.4 | 28.3 | 30.5 | 32.4 | 33.9 | 35.9 | 35.2 | 30.8 | 45.4 | 47.8 |
| Days payables outstanding | 24.7 | 23.6 | 23.6 | 24.6 | 25.0 | 26.0 | 25.5 | 19.6 | 22.0 | 22.8 |
| Cash conversion cycle (days) | 14.5 | 16.5 | 17.7 | 20.5 | 23.6 | 24.8 | 24.4 | 24.5 | 43.1 | 44.9 |
| Receivables turnover | 30.94 | 31.07 | 33.64 | 28.79 | 24.97 | 24.46 | 24.77 | 27.52 | 18.50 | 18.27 |
| Payables turnover | 14.79 | 15.47 | 15.44 | 14.84 | 14.62 | 14.04 | 14.32 | 18.66 | 16.56 | 16.01 |
| Inventory turnover | 13.34 | 12.90 | 11.98 | 11.25 | 10.75 | 10.16 | 10.37 | 11.86 | 8.03 | 7.64 |
| Asset turnover | 4.24 | 4.20 | 4.15 | 4.03 | 3.82 | 3.57 | 3.60 | 4.40 | 3.50 | 3.23 |
| Average receivables | $1.01B | $1.02B | $921.0M | $1.05B | $1.16B | $1.10B | $1.07B | $811.7M | $552.7M | $507.7M |
| Average payables | $1.82B | $1.78B | $1.73B | $1.76B | $1.69B | $1.64B | $1.58B | $1.02B | $525.9M | $490.0M |
| Average inventory | $2.02B | $2.14B | $2.24B | $2.32B | $2.30B | $2.26B | $2.19B | $1.61B | $1.08B | $1.03B |
| Intangibles / total assets | 7.4% | 7.8% | 8.9% | 10.0% | 11.0% | 12.1% | 13.0% | 20.7% | 18.7% | 20.1% |
Computed from UNFI's annual financial statements (latest annual report filed September 14, 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.
UNFI valuation and financial ratios
At the end of fiscal 2026 (July 31, 2026), United Natural Foods traded at 38.0 times earnings, against a 10-year median of 14.2. Based on the latest twelve months, the trailing P/E is 35.7 and the forward P/E is 13.1. United Natural Foods earned a return on equity of 5.3% and a return on invested capital of 5.0% in fiscal 2026. It ended the year with $3.0 billion of debt and $37.0 million in cash and short-term investments, net debt of $3.0 billion. It returned $50.0 million to shareholders: $0 in dividends and $50.0 million in share buybacks, 15% of free cash flow. The share count rose 23.7% from 50.8M to 62.8M over 9 years.
See the UNFI income statement, the UNFI chart for price history, or the UNFI stock overview for the latest quote and news.
UNFI key metrics FAQ
What is United Natural Foods's P/E ratio?
United Natural Foods's trailing P/E ratio is 35.7 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 13.1. At the end of fiscal 2026 it was 38.0, compared with a 10-year median of 14.2.
What is United Natural Foods's EV/EBITDA?
United Natural Foods's enterprise value was 11.8 times EBITDA at the end of fiscal 2026 (enterprise value $6.2 billion, EBITDA $524.0 million); the current EV/EBITDA is 10.8.
What is United Natural Foods's return on equity?
United Natural Foods's return on equity (ROE) was 5.3% in fiscal 2026: net income of $84.0 million on average shareholders' equity of $1.6 billion.
What is United Natural Foods's ROIC?
United Natural Foods's return on invested capital was 5.0% in fiscal 2026, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does United Natural Foods have?
United Natural Foods had total debt of $3.0 billion at the end of fiscal 2026, a debt-to-equity ratio of 1.87 and $3.0 billion of net debt (5.72 times EBITDA).
Does United Natural Foods buy back its shares?
Yes. United Natural Foods spent $50.0 million on net share repurchases in fiscal 2026 Shares outstanding changed +4.3% over the year, to 62.8M..
What is United Natural Foods's free cash flow yield?
United Natural Foods generated $323.0 million of free cash flow in fiscal 2026, a free cash flow yield of 10.1% on its market value at year-end ($3.2 billion).
What is United Natural Foods's current ratio?
United Natural Foods's current ratio was 1.29 at the end of fiscal 2026: current assets were 1.29 times current liabilities.