Valvoline Inc. (VVV) Key Metrics
VVV valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $4.01B
- Enterprise value
- $5.56B
- P/E (TTM)
- 38.8 10-yr median 15.2
- Forward P/E
- 13.5
- PEG ratio
- 1.10
- Price / sales
- 2.0 10-yr median 3.0
- Price / book
- 8.8 10-yr median 25.8
- EV / EBITDA
- 12.4 10-yr median 14.5
- Dividend yield
- —
- Beta
- 1.04
VVV key metrics, FY2016–FY2025
Fiscal year ended September 30, 2025 · U.S. dollarsVVV valuation Price multiples at each fiscal year-end price.
VVV returns How much profit the business earns on the capital it uses.
VVV per-share figures Results divided by the shares outstanding at year-end.
VVV financial health Debt, liquidity and how easily interest is covered.
VVV efficiency & capital use Working capital cycle and where the cash goes.
VVV valuation history
VVV returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
VVV debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
VVV cash returned to shareholders
VVV price vs earnings per share
VVV key metrics
FY2016–FY2025| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $4.62B | $5.48B | $5.24B | $4.57B | $5.72B | $3.57B | $4.16B | $4.24B | $4.78B | $3.99B |
| Enterprise value | $6.23B | $7.04B | $6.56B | $6.69B | $7.67B | $5.11B | $5.40B | $5.51B | $5.73B | $4.57B |
| P/E ratio | 21.9 | 25.9 | 3.7 | 10.8 | 13.6 | 11.3 | 20.0 | 25.5 | 15.7 | 14.6 |
| Price / sales | 2.7 | 3.4 | 3.6 | 3.7 | 5.5 | 4.9 | 1.7 | 1.9 | 2.3 | 2.1 |
| Price / book | 13.6 | 29.5 | 25.8 | 14.9 | 42.5 | — | — | — | — | — |
| Price / free cash flow | 121.5 | 134.7 | — | 30.0 | 22.0 | 16.2 | 19.2 | 18.7 | — | 16.3 |
| Price / operating cash flow | 15.5 | 20.7 | — | 16.1 | 14.2 | 9.6 | 12.8 | 13.2 | — | 12.8 |
| EV / sales | 3.6 | 4.3 | 4.5 | 5.4 | 7.4 | 7.0 | 2.3 | 2.4 | 2.8 | 2.4 |
| EV / EBITDA | 12.2 | 14.9 | 17.8 | 23.5 | 17.8 | 19.9 | 14.1 | 12.3 | 10.2 | 10.0 |
| EV / free cash flow | 164.0 | 173.0 | — | 44.0 | 29.5 | 23.1 | 24.9 | 24.3 | — | 18.7 |
| Earnings yield | 4.6% | 3.9% | 27.1% | 9.3% | 7.3% | 8.9% | 5.0% | 3.9% | 6.4% | 6.8% |
| Free cash flow yield | 0.8% | 0.7% | −4.2% | 3.3% | 4.5% | 6.2% | 5.2% | 5.4% | −4.1% | 6.1% |
| Dividend yield | 0.0% | 0.0% | 0.4% | 2.0% | 1.6% | 2.4% | 1.9% | 1.4% | 0.8% | 1.0% |
| Shareholder yield (dividends + buybacks) | 1.7% | 4.1% | 29.5% | 5.1% | 3.8% | 4.0% | 1.9% | 9.0% | 1.9% | 1.0% |
| Share price at fiscal year-end | $35.91 | $41.85 | $32.24 | $25.34 | $31.18 | $19.04 | $22.03 | $21.51 | $23.45 | $23.49 |
| Per share | ||||||||||
| Revenue per share | $13.30 | $12.36 | $8.88 | $6.85 | $5.65 | $3.88 | $12.65 | $11.60 | $10.21 | $11.35 |
| Earnings per share | $1.64 | $1.61 | $8.73 | $2.35 | $2.29 | $1.69 | $1.10 | $0.84 | $1.49 | $1.61 |
| Operating cash flow per share | $2.31 | $2.02 | −$0.25 | $1.58 | $2.20 | $1.98 | $1.72 | $1.62 | −$0.64 | $1.83 |
| Free cash flow per share | $0.30 | $0.31 | −$1.36 | $0.84 | $1.42 | $1.18 | $1.15 | $1.15 | −$0.97 | $1.44 |
| Cash per share | $0.40 | $0.52 | $4.65 | $0.13 | $0.67 | $4.05 | $0.84 | $0.49 | $0.99 | $1.01 |
| Book value per share | $2.63 | $1.42 | $1.25 | $1.70 | $0.73 | −$0.41 | −$1.37 | −$1.82 | −$0.57 | −$1.94 |
| Tangible book value per share | −$3.13 | −$3.97 | −$2.94 | −$1.98 | −$2.77 | −$3.23 | −$4.03 | −$4.09 | −$2.22 | −$3.51 |
| Dividends per share | $0.00 | $0.00 | $0.13 | $0.49 | $0.50 | $0.45 | $0.42 | $0.29 | $0.20 | $0.24 |
| Capex per share | $2.02 | $1.71 | $1.11 | $0.73 | $0.78 | $0.81 | $0.57 | $0.47 | $0.33 | $0.39 |
| Debt per share | $12.97 | $12.41 | $12.75 | $11.88 | $11.30 | $12.26 | $7.39 | $6.95 | $5.63 | $4.41 |
| Shares outstanding | 128.6M | 131.0M | 162.6M | 180.4M | 183.5M | 187.5M | 189.0M | 197.0M | 204.0M | 170.0M |
| Change in shares outstanding | −1.8% | −19.4% | −9.9% | −1.7% | −2.1% | −0.8% | −4.1% | −3.4% | +20.0% | −15.0% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 80.4% | 108.8% | 557.0% | 192.4% | — | — | — | — | — | — |
| Return on invested capital (ROIC) | 15.5% | 17.0% | 10.6% | 7.4% | 10.4% | 7.4% | 33.0% | 22.6% | 61.2% | 64.4% |
| Return on assets (ROA) | 8.2% | 7.9% | 45.0% | 12.8% | 13.5% | 12.4% | 10.6% | 8.8% | 16.3% | 19.5% |
| Return on tangible assets | 10.9% | 12.2% | 64.3% | 15.4% | 16.5% | 12.6% | 13.3% | 11.8% | 19.2% | 17.5% |
| Free cash flow margin | 2.2% | 2.5% | −15.3% | 12.3% | 25.1% | 30.4% | 9.1% | 9.9% | −9.5% | 12.7% |
| Income quality (OCF / net income) | 1.41 | 1.25 | −0.03 | 0.67 | 0.96 | 1.17 | 1.56 | 1.93 | −0.43 | 1.14 |
| Financial health | ||||||||||
| Total debt | $1.67B | $1.63B | $2.07B | $2.14B | $2.07B | $2.30B | $1.40B | $1.37B | $1.15B | $749.0M |
| Cash & short-term investments | $51.6M | $68.3M | $756.6M | $23.4M | $122.6M | $760.0M | $159.0M | $96.0M | $201.0M | $172.0M |
| Net debt | $1.62B | $1.56B | $1.32B | $2.12B | $1.95B | $1.54B | $1.24B | $1.27B | $948.0M | $577.0M |
| Debt / equity | 4.93 | 8.76 | 10.21 | 6.99 | 15.42 | — | — | — | — | — |
| Debt / assets | 0.62 | 0.67 | 0.72 | 0.63 | 0.65 | 0.75 | 0.68 | 0.74 | 0.60 | 0.41 |
| Net debt / EBITDA | 3.16 | 3.30 | 3.57 | 7.45 | 4.53 | 6.00 | 3.24 | 2.84 | 1.69 | 1.26 |
| Current ratio | 0.70 | 0.72 | 2.59 | 1.76 | 1.82 | 3.24 | 1.88 | 1.76 | 1.65 | 1.82 |
| Quick ratio | 0.58 | 0.61 | 2.49 | 1.73 | 1.78 | 2.79 | 1.43 | 1.34 | 1.29 | 1.48 |
| Interest coverage | 5.3 | 5.1 | 6.5 | 3.2 | 2.2 | 2.2 | 5.5 | 6.3 | 12.7 | 47.9 |
| Working capital | −$103.7M | −$98.5M | $574.4M | $701.7M | $468.4M | $994.0M | $374.0M | $314.0M | $312.0M | $330.0M |
| Invested capital | $1.95B | $1.74B | $1.52B | $2.43B | $2.09B | $1.46B | $980.0M | $915.0M | $831.0M | $247.0M |
| Tangible asset value | −$402.0M | −$520.0M | −$477.4M | −$356.5M | −$507.8M | −$605.0M | −$762.0M | −$806.0M | −$452.0M | −$597.0M |
| Net current asset value | −$2.09B | −$2.00B | −$1.75B | −$1.49B | −$2.02B | −$1.69B | −$1.52B | −$1.49B | −$1.24B | −$1.43B |
| Graham number | $9.85 | $7.17 | $15.67 | $9.48 | $6.15 | — | — | — | — | — |
| Graham net-net per share | −$17.04 | −$16.03 | −$11.39 | −$16.75 | −$15.65 | −$10.36 | −$9.34 | −$8.74 | −$7.13 | −$9.65 |
| Capital allocation | ||||||||||
| Dividends paid | $0 | $0 | $21.8M | $89.2M | $91.0M | $84.0M | $80.0M | $58.0M | $40.0M | $40.0M |
| Share buybacks (net) | $76.8M | $226.8M | $1.52B | $142.6M | $127.0M | $60.0M | $1.0M | $325.0M | $50.0M | $0 |
| Dividend payout ratio | 0.0% | 0.0% | 1.5% | 21.0% | 21.7% | 26.5% | 38.5% | 34.9% | 13.2% | 14.7% |
| Dividends + buybacks / free cash flow | 202.1% | 557.2% | — | 152.3% | 83.8% | 65.2% | 37.3% | 168.7% | — | 16.3% |
| Capex / revenue | 15.2% | 13.9% | 12.5% | 10.7% | 13.9% | 20.8% | 4.5% | 4.1% | 3.3% | 3.4% |
| Capex / operating cash flow | 87.2% | 84.6% | — | 46.4% | 35.6% | 40.6% | 33.2% | 29.1% | — | 21.2% |
| Capex / depreciation | 2.17 | 2.12 | 2.03 | 1.85 | 1.57 | 2.29 | 1.77 | 1.72 | 1.62 | 1.74 |
| Stock-based compensation / revenue | 0.6% | 0.7% | 0.8% | 1.2% | 1.3% | 1.7% | 0.4% | 0.5% | 0.4% | 0.6% |
| R&D / revenue | — | — | — | — | 1.4% | 1.8% | 0.5% | 0.6% | 0.6% | 0.7% |
| SG&A / revenue | 17.5% | 15.3% | 16.4% | 20.4% | 9.2% | 16.8% | 15.7% | 16.1% | 15.1% | 14.0% |
| Efficiency | ||||||||||
| Days sales outstanding | 18.8 | 18.9 | 18.6 | 19.4 | 87.7 | 209.4 | 61.9 | 63.4 | 65.5 | 66.0 |
| Days of inventory on hand | 14.3 | 13.3 | 12.7 | 13.6 | 68.3 | 168.4 | 42.7 | 43.3 | 43.9 | 41.3 |
| Days payables outstanding | 41.0 | 43.1 | 33.2 | 20.1 | 68.7 | 154.2 | 40.3 | 45.7 | 51.6 | 54.8 |
| Cash conversion cycle (days) | -7.9 | -10.9 | -1.9 | 13.0 | 87.3 | 223.5 | 64.3 | 61.1 | 57.8 | 52.5 |
| Receivables turnover | 19.44 | 19.31 | 19.59 | 18.81 | 4.16 | 1.74 | 5.90 | 5.76 | 5.57 | 5.53 |
| Payables turnover | 8.90 | 8.47 | 10.98 | 18.17 | 5.32 | 2.37 | 9.05 | 7.99 | 7.08 | 6.66 |
| Inventory turnover | 25.56 | 27.40 | 28.68 | 26.75 | 5.34 | 2.17 | 8.54 | 8.43 | 8.32 | 8.83 |
| Asset turnover | 0.67 | 0.61 | 0.46 | 0.37 | 0.33 | 0.28 | 1.22 | 1.21 | 1.11 | 1.38 |
| Average receivables | $88.0M | $83.8M | $73.7M | $65.7M | $249.2M | $417.0M | $405.0M | $397.0M | $374.0M | $348.8M |
| Average payables | $118.2M | $118.0M | $81.8M | $41.8M | $113.8M | $180.0M | $174.5M | $185.0M | $184.5M | $175.5M |
| Average inventory | $41.1M | $36.5M | $31.4M | $28.4M | $113.2M | $196.5M | $185.0M | $175.5M | $157.0M | $132.3M |
| Intangibles / total assets | 27.7% | 28.9% | 23.6% | 19.4% | 20.1% | 17.3% | 24.4% | 24.2% | 17.5% | 14.6% |
Computed from VVV's annual financial statements (latest annual report filed November 21, 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.
VVV valuation and financial ratios
At the end of fiscal 2025 (September 30, 2025), Valvoline traded at 21.9 times earnings, against a 10-year median of 15.2. Based on the latest twelve months, the trailing P/E is 38.8 and the forward P/E is 13.5. Valvoline earned a return on equity of 80.4% and a return on invested capital of 15.5% in fiscal 2025. It ended the year with $1.7 billion of debt and $51.6 million in cash and short-term investments, net debt of $1.6 billion. It returned $76.8 million to shareholders: $0 in dividends and $76.8 million in share buybacks, 202% of free cash flow. The share count fell 24.4% from 170.0M to 128.6M over 9 years.
See the VVV income statement, the VVV chart for price history, or the VVV stock overview for the latest quote and news.
VVV key metrics FAQ
What is Valvoline's P/E ratio?
Valvoline's trailing P/E ratio is 38.8 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 13.5. At the end of fiscal 2025 it was 21.9, compared with a 10-year median of 15.2.
What is Valvoline's EV/EBITDA?
Valvoline's enterprise value was 12.2 times EBITDA at the end of fiscal 2025 (enterprise value $6.2 billion, EBITDA $510.7 million); the current EV/EBITDA is 12.4.
What is Valvoline's return on equity?
Valvoline's return on equity (ROE) was 80.4% in fiscal 2025: net income of $210.7 million on average shareholders' equity of $262.1 million. ROE is high partly because years of buybacks have reduced equity on the balance sheet.
What is Valvoline's ROIC?
Valvoline's return on invested capital was 15.5% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Valvoline have?
Valvoline had total debt of $1.7 billion at the end of fiscal 2025, a debt-to-equity ratio of 4.93 and $1.6 billion of net debt (3.16 times EBITDA).
Does Valvoline pay a dividend?
Valvoline did not pay a dividend in fiscal 2025.
Does Valvoline buy back its shares?
Yes. Valvoline spent $76.8 million on net share repurchases in fiscal 2025 Shares outstanding changed −1.8% over the year, to 128.6M..
What is Valvoline's free cash flow yield?
Valvoline generated $38.0 million of free cash flow in fiscal 2025, a free cash flow yield of 0.8% on its market value at year-end ($4.6 billion).
What is Valvoline's current ratio?
Valvoline's current ratio was 0.70 at the end of fiscal 2025: current assets were 0.70 times current liabilities.