Victoria's Secret & Co (VSXY) Key Metrics
VSXY valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $6.97B
- Enterprise value
- $9.02B
- P/E (TTM)
- 19.5
- Forward P/E
- 13.6
- PEG ratio
- —
- Price / sales
- 1.0
- Price / book
- 6.7
- EV / EBITDA
- 11.7
- Dividend yield
- —
- Beta
- 2.01
VSXY key metrics, FY2023–FY2026
Fiscal year ended January 31, 2026 · U.S. dollarsVSXY returns How much profit the business earns on the capital it uses.
VSXY per-share figures Results divided by the shares outstanding at year-end.
VSXY financial health Debt, liquidity and how easily interest is covered.
VSXY efficiency & capital use Working capital cycle and where the cash goes.
VSXY returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
VSXY debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
VSXY cash returned to shareholders
VSXY key metrics
FY2023–FY2026| FY2026 | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Per share | ||||
| Revenue per share | $78.95 | $77.17 | $78.69 | $75.46 |
| Earnings per share | $1.94 | $2.04 | $1.39 | $4.14 |
| Operating cash flow per share | $6.01 | $5.26 | $4.95 | $5.20 |
| Free cash flow per share | $3.76 | $3.06 | $1.69 | $3.25 |
| Cash per share | $6.24 | $2.81 | $3.44 | $5.08 |
| Book value per share | $10.31 | $7.93 | $5.31 | $4.56 |
| Tangible book value per share | $2.93 | −$1.28 | −$4.46 | −$4.85 |
| Capex per share | $2.25 | $2.20 | $3.26 | $1.95 |
| Debt per share | $34.29 | $33.42 | $34.41 | $33.14 |
| Shares outstanding | 83.0M | 80.7M | 78.6M | 84.1M |
| Change in shares outstanding | +2.8% | +2.8% | −6.6% | — |
| Returns & profitability | ||||
| Return on equity (ROE) | 21.5% | 31.2% | 27.2% | 90.9% |
| Return on invested capital (ROIC) | 7.8% | 8.0% | 6.9% | 14.1% |
| Return on assets (ROA) | 3.4% | 3.6% | 2.3% | 7.4% |
| Return on tangible assets | 3.7% | 4.4% | 2.8% | 8.9% |
| Free cash flow margin | 4.8% | 4.0% | 2.2% | 4.3% |
| Income quality (OCF / net income) | 3.10 | 2.58 | 3.57 | 1.26 |
| Financial health | ||||
| Total debt | $2.85B | $2.70B | $2.70B | $2.79B |
| Cash & short-term investments | $518.0M | $227.0M | $270.0M | $427.0M |
| Net debt | $2.33B | $2.47B | $2.43B | $2.36B |
| Debt / equity | 3.32 | 4.22 | 6.48 | 7.27 |
| Debt / assets | 0.57 | 0.60 | 0.59 | 0.59 |
| Net debt / EBITDA | 4.51 | 4.37 | 4.59 | 3.14 |
| Current ratio | 1.25 | 1.05 | 0.95 | 1.10 |
| Quick ratio | 0.54 | 0.35 | 0.34 | 0.43 |
| Interest coverage | 3.9 | 3.6 | 2.5 | 8.0 |
| Working capital | $376.0M | $66.0M | −$81.0M | $158.0M |
| Invested capital | $3.18B | $3.11B | $2.85B | $2.74B |
| Tangible asset value | $297.0M | −$79.0M | −$329.0M | −$390.0M |
| Net current asset value | −$2.22B | −$2.43B | −$2.63B | −$2.57B |
| Graham number | $21.22 | $19.09 | $12.87 | $20.60 |
| Graham net-net per share | −$35.06 | −$37.71 | −$41.82 | −$38.67 |
| Capital allocation | ||||
| Share buybacks (net) | $0 | $0 | $125.0M | $250.0M |
| Dividends + buybacks / free cash flow | 0.0% | 0.0% | 94.0% | 91.6% |
| Capex / revenue | 2.9% | 2.9% | 4.1% | 2.6% |
| Capex / operating cash flow | 37.5% | 41.9% | 65.8% | 37.5% |
| Capex / depreciation | 0.79 | 0.69 | 0.90 | 0.60 |
| Stock-based compensation / revenue | 0.8% | 1.0% | 0.9% | 0.8% |
| SG&A / revenue | 32.2% | 31.7% | 32.3% | 28.1% |
| Efficiency | ||||
| Days sales outstanding | 9.6 | 9.1 | 8.6 | 8.1 |
| Days of inventory on hand | 88.7 | 89.7 | 94.4 | 94.0 |
| Days payables outstanding | 39.9 | 43.1 | 46.0 | 43.0 |
| Cash conversion cycle (days) | 58.4 | 55.7 | 57.0 | 59.1 |
| Receivables turnover | 37.99 | 40.06 | 42.20 | 44.99 |
| Payables turnover | 9.14 | 8.47 | 7.93 | 8.49 |
| Inventory turnover | 4.12 | 4.07 | 3.87 | 3.88 |
| Asset turnover | 1.37 | 1.36 | 1.33 | 1.35 |
| Average receivables | $172.5M | $155.5M | $146.5M | $141.0M |
| Average payables | $456.0M | $466.0M | $497.0M | $481.0M |
| Average inventory | $1.01B | $970.0M | $1.02B | $1.05B |
| Intangibles / total assets | 12.2% | 16.4% | 16.7% | 16.8% |
Computed from VSXY's annual financial statements (latest annual report filed January 31, 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.
VSXY valuation and financial ratios
Based on the latest twelve months, the trailing P/E is 19.5 and the forward P/E is 13.6. Victoria's Secret earned a return on equity of 21.5% and a return on invested capital of 7.8% in fiscal 2026. It ended the year with $2.8 billion of debt and $518.0 million in cash and short-term investments, net debt of $2.3 billion.
See the VSXY income statement, the VSXY chart for price history, or the VSXY stock overview for the latest quote and news.
VSXY key metrics FAQ
What is Victoria's Secret's P/E ratio?
Victoria's Secret's trailing P/E ratio is 19.5 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 13.6. At the end of fiscal 2026 it was —.
What is Victoria's Secret's return on equity?
Victoria's Secret's return on equity (ROE) was 21.5% in fiscal 2026: net income of $161.0 million on average shareholders' equity of $748.0 million.
What is Victoria's Secret's ROIC?
Victoria's Secret's return on invested capital was 7.8% in fiscal 2026, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Victoria's Secret have?
Victoria's Secret had total debt of $2.8 billion at the end of fiscal 2026, a debt-to-equity ratio of 3.32 and $2.3 billion of net debt (4.51 times EBITDA).
What is Victoria's Secret's current ratio?
Victoria's Secret's current ratio was 1.25 at the end of fiscal 2026: current assets were 1.25 times current liabilities.