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 73,008 - -
Change - 17.84% 16.03% 5.18% 22.84% 19.65% - -
Enterprise Value (EV) 1 32,068 38,606 44,816 47,158 57,941 69,146 68,413 67,650
Change - 20.39% 16.09% 5.23% 22.87% 19.34% -1.06% -1.11%
P/E 20.1x 27x 25.2x 23.8x 28.5x 26x 25.5x 23.3x
PBR 8.47x 9.45x 9.72x 9.05x 9.89x 9.86x 8.07x 7.28x
PEG - -2.7x 0.9x 1.7x 6.21x 0.8x 12.4x 2.5x
Capitalization / Revenue 1.83x 2.18x 2.32x 2.35x 2.68x 2.84x 2.66x 2.49x
EV / Revenue 1.7x 2.06x 2.2x 2.23x 2.55x 2.69x 2.49x 2.31x
EV / EBITDA 11.9x 16.2x 16.4x 15.6x 18x 17.2x 16.2x 14.9x
EV / EBIT 13.7x 19.4x 19.4x 18.2x 21.4x 19.9x 18.9x 17.3x
EV / FCF 27.2x 37.3x 25.6x 28.8x 26.2x 27.6x 25.9x 27.9x
FCF Yield 3.68% 2.68% 3.91% 3.47% 3.81% 3.63% 3.86% 3.59%
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 8.776 8.956 9.79
Distribution rate 23.4% 28.3% 24.1% 23.3% 24.5% 20.3% 21.5% 22%
Net sales 1 18,916 18,696 20,377 21,129 22,751 25,710 27,466 29,291
EBITDA 1 2,694 2,385 2,727 3,032 3,217 4,028 4,211 4,553
EBIT 1 2,333 1,990 2,308 2,586 2,707 3,472 3,618 3,919
Net income 1 1,723 1,512 1,875 2,091 2,145 2,769 2,812 3,031
Net Debt 1 -2,470 -2,095 -2,412 -2,516 -3,077 -3,862 -4,595 -5,357
Reference price 2 97.75 118.19 140.28 150.56 188.65 228.54 228.54 228.54
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 (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
24.59x3.74x13.31x3.63% 187B
43.04x5.29x21.75x0.87% 140B
26.04x2.69x17.17x0.78% 73.01B
41.09x2.37x9.1x1.59% 29.02B
20.02x1.38x7.83x4.61% 25.33B
14.93x2.89x11.13x1.58% 23.44B
17.58x2.47x11.08x2.12% 21.69B
23.97x1.42x12.13x-.--% 17.3B
15.2x1.95x7.85x3.97% 11.48B
Average 25.16x 2.69x 12.37x 2.13% 58.62B
Weighted average by Cap. 29.42x 3.61x 15.24x 2.17%

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