Village Farms International, Inc. (VFF) Key Metrics
VFF valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $309.4M
- Enterprise value
- $344.4M
- P/E (TTM)
- 14.1 10-yr median 58.1
- Forward P/E
- 12.3
- PEG ratio
- —
- Price / sales
- 1.3 10-yr median 1.2
- Price / book
- 1.2 10-yr median 1.4
- EV / EBITDA
- 6.4 10-yr median 46.1
- Dividend yield
- —
- Beta
- 1.35
VFF key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsVFF valuation Price multiples at each fiscal year-end price.
VFF returns How much profit the business earns on the capital it uses.
VFF per-share figures Results divided by the shares outstanding at year-end.
VFF financial health Debt, liquidity and how easily interest is covered.
VFF efficiency & capital use Working capital cycle and where the cash goes.
VFF valuation history
VFF returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
VFF debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
VFF cash returned to shareholders
VFF price vs earnings per share
VFF key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $440.1M | $85.9M | $82.7M | $119.4M | $527.5M | $623.5M | $318.8M | $143.7M | $238.5M | $37.6M |
| Enterprise value | $392.7M | $108.7M | $120.1M | $163.9M | $539.9M | $677.1M | $348.6M | $169.8M | $270.1M | $77.6M |
| P/E ratio | 13.6 | — | — | — | — | 53.7 | 137.1 | — | 62.4 | — |
| Price / sales | 2.0 | 0.3 | 0.3 | 0.4 | 2.0 | 3.7 | 2.2 | 1.0 | 1.5 | 0.2 |
| Price / book | 1.5 | 0.3 | 0.3 | 0.4 | 1.3 | 3.0 | 2.5 | 1.4 | 2.9 | 0.6 |
| Price / free cash flow | 14.0 | 802.5 | — | — | — | 287.7 | — | — | 150.3 | 5.8 |
| Price / operating cash flow | 8.9 | 8.3 | 15.6 | — | — | 109.8 | — | — | 72.7 | 4.3 |
| EV / sales | 1.8 | 0.3 | 0.4 | 0.6 | 2.0 | 4.0 | 2.4 | 1.1 | 1.7 | 0.5 |
| EV / EBITDA | 7.8 | — | — | — | 168.7 | 40.6 | — | 959.5 | 51.6 | 10.1 |
| EV / free cash flow | 12.5 | — | — | — | — | 312.5 | — | — | 170.2 | 12.0 |
| Earnings yield | 7.4% | −41.8% | −42.1% | −84.7% | −1.7% | 1.9% | 0.7% | −3.6% | 1.6% | −5.3% |
| Free cash flow yield | 7.2% | 0.1% | −1.5% | −28.6% | −11.6% | 0.3% | −5.2% | −3.7% | 0.7% | 17.2% |
| Dividend yield | — | — | — | — | 7.3% | — | — | 0.0% | 0.0% | 0.0% |
| Shareholder yield (dividends + buybacks) | 0.7% | 0.0% | 0.0% | 0.0% | 8.2% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Share price at fiscal year-end | $3.65 | $0.77 | $0.76 | $1.34 | $6.42 | $10.14 | $6.23 | $3.24 | $6.09 | $0.96 |
| Per share | ||||||||||
| Revenue per share | $1.79 | $3.02 | $2.63 | $3.29 | $3.26 | $2.77 | $2.82 | $3.38 | $4.05 | $3.97 |
| Earnings per share | $0.27 | −$0.32 | −$0.32 | −$1.13 | −$0.11 | $0.19 | $0.05 | −$0.12 | $0.10 | −$0.05 |
| Operating cash flow per share | $0.41 | $0.09 | $0.05 | −$0.22 | −$0.48 | $0.09 | −$0.28 | −$0.05 | $0.08 | $0.22 |
| Free cash flow per share | $0.26 | $0.00 | −$0.01 | −$0.38 | −$0.75 | $0.04 | −$0.33 | −$0.12 | $0.04 | $0.17 |
| Cash per share | $0.67 | $0.22 | $0.28 | $0.19 | $0.65 | $0.35 | $0.23 | $0.27 | $0.18 | $0.14 |
| Book value per share | $2.49 | $2.28 | $2.78 | $3.40 | $4.97 | $3.34 | $2.47 | $2.27 | $2.07 | $1.72 |
| Tangible book value per share | $1.92 | $1.68 | $1.97 | $2.24 | $3.22 | $2.67 | $2.26 | $2.27 | $2.07 | $1.72 |
| Dividends per share | — | — | — | — | $0.47 | — | — | $0.00 | $0.00 | $0.00 |
| Capex per share | $0.15 | $0.09 | $0.06 | $0.16 | $0.26 | $0.06 | $0.04 | $0.07 | $0.04 | $0.06 |
| Debt per share | $0.28 | $0.43 | $0.62 | $0.69 | $0.80 | $1.22 | $0.81 | $0.86 | $0.99 | $1.16 |
| Shares outstanding | 120.6M | 111.4M | 108.7M | 89.1M | 82.2M | 61.5M | 51.2M | 44.4M | 39.1M | 39.2M |
| Change in shares outstanding | +8.3% | +2.4% | +22.0% | +8.5% | +33.6% | +20.1% | +15.4% | +13.3% | −0.1% | +0.8% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 11.7% | −12.9% | −11.5% | −28.4% | −3.0% | 7.0% | 2.0% | −5.7% | 5.1% | −3.0% |
| Return on invested capital (ROIC) | 6.9% | −6.1% | −3.7% | −9.2% | −2.0% | −6.9% | −16.1% | −4.4% | −1.0% | −0.4% |
| Return on assets (ROA) | 8.0% | −8.4% | −7.5% | −19.6% | −2.0% | 4.3% | 1.4% | −3.4% | 2.8% | −1.5% |
| Return on tangible assets | 9.1% | −11.1% | −9.2% | −27.9% | −2.1% | 3.7% | 1.3% | −3.2% | 2.7% | −1.5% |
| Free cash flow margin | 14.6% | 0.0% | −0.4% | −11.6% | −22.8% | 1.3% | −11.5% | −3.6% | 1.0% | 4.2% |
| Income quality (OCF / net income) | 1.53 | — | — | — | — | 0.49 | −6.19 | — | 0.86 | — |
| Financial health | ||||||||||
| Total debt | $33.8M | $47.5M | $67.6M | $61.1M | $65.9M | $75.2M | $41.7M | $38.0M | $38.6M | $45.3M |
| Cash & short-term investments | $81.2M | $24.6M | $30.3M | $16.7M | $53.4M | $21.6M | $12.0M | $11.9M | $7.1M | $5.4M |
| Net debt | −$47.4M | $22.9M | $37.3M | $44.4M | $12.4M | $53.6M | $29.7M | $26.1M | $31.5M | $40.0M |
| Debt / equity | 0.11 | 0.19 | 0.22 | 0.20 | 0.16 | 0.37 | 0.33 | 0.38 | 0.48 | 0.67 |
| Debt / assets | 0.08 | 0.12 | 0.14 | 0.13 | 0.12 | 0.21 | 0.23 | 0.24 | 0.27 | 0.34 |
| Net debt / EBITDA | −0.94 | — | — | — | 3.88 | 3.21 | — | 147.56 | 6.02 | 5.21 |
| Current ratio | 2.64 | 1.86 | 2.10 | 1.84 | 2.72 | 1.41 | 2.48 | 2.63 | 2.20 | 1.90 |
| Quick ratio | 1.93 | 1.20 | 1.02 | 0.86 | 1.65 | 0.76 | 1.76 | 1.68 | 1.31 | 1.08 |
| Interest coverage | 10.1 | -7.0 | -3.6 | -13.8 | -3.1 | -6.9 | -11.0 | -2.4 | -0.4 | -0.2 |
| Working capital | $95.9M | $53.8M | $79.6M | $60.8M | $110.6M | $29.5M | $32.6M | $38.4M | $23.4M | $17.7M |
| Invested capital | $252.5M | $276.9M | $340.0M | $347.5M | $420.8M | $258.9M | $156.2M | $126.8M | $112.6M | $107.4M |
| Tangible asset value | $242.1M | $196.5M | $230.7M | $216.6M | $280.9M | $163.9M | $115.6M | $100.7M | $81.0M | $67.4M |
| Net current asset value | $41.4M | −$9.3M | $3.7M | −$12.3M | $32.9M | −$46.9M | −$2.3M | $2.9M | −$18.4M | −$30.3M |
| Graham number | $3.88 | — | — | — | — | $3.77 | $1.59 | — | $2.13 | — |
| Graham net-net per share | $0.05 | −$0.57 | −$0.51 | −$0.75 | −$0.32 | −$1.40 | −$0.35 | −$0.43 | −$0.91 | −$1.18 |
| Capital allocation | ||||||||||
| Dividends paid | — | — | — | — | $38.4M | — | — | $0 | $0 | $0 |
| Share buybacks (net) | $3.0M | $0 | $0 | $0 | $5.0M | $0 | $0 | $0 | $0 | $0 |
| Dividend payout ratio | — | — | — | — | — | — | — | — | 0.0% | — |
| Dividends + buybacks / free cash flow | 9.4% | 0.0% | — | — | — | 0.0% | — | — | 0.0% | 0.0% |
| Capex / revenue | 8.4% | 3.0% | 2.3% | 4.9% | 8.1% | 2.1% | 1.6% | 2.1% | 1.1% | 1.4% |
| Capex / operating cash flow | 36.6% | 99.0% | 122.6% | — | — | 61.8% | — | — | 51.7% | 25.3% |
| Capex / depreciation | 1.11 | 0.54 | 0.41 | 1.09 | 1.70 | 0.51 | 0.31 | 0.44 | 0.22 | 0.27 |
| Stock-based compensation / revenue | 0.8% | 1.1% | 1.1% | 1.4% | 2.8% | 3.6% | 3.3% | 1.0% | 1.0% | 0.1% |
| SG&A / revenue | 27.9% | 21.1% | 22.9% | 24.6% | 20.1% | 14.8% | 14.9% | 10.4% | 9.7% | 8.8% |
| Efficiency | ||||||||||
| Days sales outstanding | 38.8 | 28.9 | 41.9 | 44.9 | 41.4 | 52.4 | 60.6 | 43.5 | 27.6 | 23.8 |
| Days of inventory on hand | 117.8 | 75.7 | 115.2 | 95.5 | 94.4 | 71.7 | 46.1 | 51.5 | 42.3 | 37.7 |
| Days payables outstanding | 57.3 | 29.2 | 36.0 | 32.6 | 30.8 | 31.8 | 32.7 | 35.6 | 32.5 | 27.7 |
| Cash conversion cycle (days) | 99.3 | 75.3 | 121.1 | 107.8 | 105.0 | 92.3 | 73.9 | 59.3 | 37.4 | 33.8 |
| Receivables turnover | 9.41 | 12.62 | 8.70 | 8.14 | 8.82 | 6.96 | 6.03 | 8.39 | 13.24 | 15.35 |
| Payables turnover | 6.37 | 12.49 | 10.13 | 11.21 | 11.83 | 11.48 | 11.15 | 10.24 | 11.24 | 13.19 |
| Inventory turnover | 3.10 | 4.82 | 3.17 | 3.82 | 3.87 | 5.09 | 7.91 | 7.09 | 8.63 | 9.68 |
| Asset turnover | 0.53 | 0.79 | 0.61 | 0.57 | 0.58 | 0.63 | 0.84 | 0.99 | 1.14 | 1.17 |
| Average receivables | $22.9M | $26.6M | $32.8M | $36.1M | $30.4M | $24.4M | $24.0M | $17.9M | $12.0M | $10.1M |
| Average payables | $20.1M | $23.1M | $23.3M | $23.7M | $18.8M | $13.9M | $13.6M | $13.8M | $12.8M | $10.8M |
| Average inventory | $41.4M | $59.9M | $74.5M | $69.6M | $57.6M | $31.3M | $19.2M | $19.9M | $16.7M | $14.7M |
| Intangibles / total assets | 16.1% | 17.3% | 18.9% | 22.2% | 25.4% | 11.7% | 5.9% | 0.0% | 0.0% | 0.0% |
Computed from VFF's annual financial statements (latest annual report filed March 12, 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.
VFF valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Village Farms International traded at 13.6 times earnings, against a 10-year median of 58.1. Based on the latest twelve months, the trailing P/E is 14.1 and the forward P/E is 12.3. Village Farms International earned a return on equity of 11.7% and a return on invested capital of 6.9% in fiscal 2025. It ended the year with $33.8 million of debt and $81.2 million in cash and short-term investments, a net cash position of $47.4 million. It returned $3.0 million to shareholders: $0 in dividends and $3.0 million in share buybacks, 9% of free cash flow. The share count rose 207.8% from 39.2M to 120.6M over 9 years.
See the VFF income statement, the VFF chart for price history, or the VFF stock overview for the latest quote and news.
VFF key metrics FAQ
What is Village Farms International's P/E ratio?
Village Farms International's trailing P/E ratio is 14.1 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 12.3. At the end of fiscal 2025 it was 13.6, compared with a 10-year median of 58.1.
What is Village Farms International's EV/EBITDA?
Village Farms International's enterprise value was 7.8 times EBITDA at the end of fiscal 2025 (enterprise value $392.7 million, EBITDA $50.4 million); the current EV/EBITDA is 6.4.
What is Village Farms International's return on equity?
Village Farms International's return on equity (ROE) was 11.7% in fiscal 2025: net income of $32.4 million on average shareholders' equity of $277.0 million.
What is Village Farms International's ROIC?
Village Farms International's return on invested capital was 6.9% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Village Farms International have?
Village Farms International had total debt of $33.8 million at the end of fiscal 2025, a debt-to-equity ratio of 0.11 and more cash than debt.
Does Village Farms International buy back its shares?
Yes. Village Farms International spent $3.0 million on net share repurchases in fiscal 2025 Shares outstanding changed +8.3% over the year, to 120.6M..
What is Village Farms International's free cash flow yield?
Village Farms International generated $31.5 million of free cash flow in fiscal 2025, a free cash flow yield of 7.2% on its market value at year-end ($440.1 million).
What is Village Farms International's current ratio?
Village Farms International's current ratio was 2.64 at the end of fiscal 2025: current assets were 2.64 times current liabilities.