Company Valuation: Ross Stores, Inc.

Data adjusted to current consolidation scope
Fiscal Period: January 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 34,538 40,701 47,228 49,674 61,018 73,254 - -
Change - 17.84% 16.03% 5.18% 22.84% 20.05% - -
Enterprise Value (EV) 1 32,068 38,606 44,816 47,158 57,941 69,463 68,761 68,066
Change - 20.39% 16.09% 5.23% 22.87% 19.89% -1.01% -1.01%
P/E 20.1x 27x 25.2x 23.8x 28.5x 26.6x 25.7x 23.7x
PBR 8.47x 9.45x 9.72x 9.05x 9.89x 9.89x 8.1x 7.3x
PEG - -2.7x 0.9x 1.7x 6.21x 0.9x 7.77x 2.72x
Capitalization / Revenue 1.83x 2.18x 2.32x 2.35x 2.68x 2.85x 2.67x 2.51x
EV / Revenue 1.7x 2.06x 2.2x 2.23x 2.55x 2.71x 2.51x 2.33x
EV / EBITDA 11.9x 16.2x 16.4x 15.6x 18x 17.4x 16.4x 15x
EV / EBIT 13.7x 19.4x 19.4x 18.2x 21.4x 20.2x 19.1x 17.5x
EV / FCF 27.2x 37.3x 25.6x 28.8x 26.2x 27.7x 26.1x 28x
FCF Yield 3.68% 2.68% 3.91% 3.47% 3.81% 3.61% 3.84% 3.57%
Dividend per Share 2 1.14 1.24 1.34 1.47 1.62 1.785 1.928 2.158
Rate of return 1.17% 1.05% 0.96% 0.98% 0.86% 0.78% 0.84% 0.94%
EPS 2 4.87 4.38 5.56 6.32 6.61 8.626 8.912 9.689
Distribution rate 23.4% 28.3% 24.1% 23.3% 24.5% 20.7% 21.6% 22.3%
Net sales 1 18,916 18,696 20,377 21,129 22,751 25,679 27,431 29,212
EBITDA 1 2,694 2,385 2,727 3,032 3,217 3,992 4,196 4,525
EBIT 1 2,333 1,990 2,308 2,586 2,707 3,443 3,606 3,893
Net income 1 1,723 1,512 1,875 2,091 2,145 2,727 2,799 3,005
Net Debt 1 -2,470 -2,095 -2,412 -2,516 -3,077 -3,791 -4,493 -5,187
Reference price 2 97.75 118.19 140.28 150.56 188.65 229.31 229.31 229.31
Nbr of stocks (in thousands) 353,330 344,371 336,666 329,929 323,445 319,453 - -
Announcement Date 01/03/22 28/02/23 05/03/24 04/03/25 03/03/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
25.93x3.99x14.11x3.43% 205B
41.13x5.06x20.95x0.91% 137B
26.58x2.71x17.4x0.78% 73.25B
46.86x2.63x10.11x1.39% 34.85B
21.57x1.46x8.26x4.32% 28.27B
14.82x2.89x11.1x1.59% 23.44B
18.84x2.61x11.68x1.9% 23.57B
22.24x1.32x11.25x-.--% 16.04B
15.48x1.83x7.78x4.17% 11.07B
Average 25.94x 2.72x 12.52x 2.05% 61.34B
Weighted average by Cap. 29.79x 3.64x 15.25x 2.14%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield

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