CAVA Group, Inc. (CAVA) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-123.9%

-$14.99

vs $62.82 price

Levered DCF

-$13.09

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

7.4

Safe zone

Rating

C+

Overall 2 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021
P/E	109.02×	97.82×	195.36×	-0.99×	-0.86×
P/B	8.92×	18.32×	4.78×	-0.13×	-0.08×
P/S	5.9×	13.23×	3.74×	0.1×	0.06×
EV / EBITDA	49.43×	105.18×	34.63×	11.94×	-7.76×
Gross margin	18.4%	25.1%	24.7%	17.4%	16.4%
Operating margin	6.7%	4.5%	0.6%	-10.6%	-10.5%
Net margin	5.4%	13.5%	1.8%	-10.5%	-7.5%
Current ratio	2.65×	2.97×	3.25×	0.69×	2.98×
Debt / equity	0.6×	0.54×	0.59×	-0.7×	-0.04×
Interest coverage	0×	0×	0×	-1,271.62×	-10.97×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021
Return on equity	8.2%	18.7%	2.3%	13.2%	9.5%
Return on invested capital	5.7%	4.0%	0.5%	-11.3%	-17.0%
Return on assets	4.7%	11.1%	1.3%	-10.1%	-10.3%
Free cash flow yield	0.4%	0.4%	-1.5%	-169.0%	-165.4%
Earnings yield	0.9%	1.0%	0.5%	-101.5%	-116.7%
Enterprise value	$7.1B	$12.8B	$2.7B	$333.7M	-$92.9M
Net debt / EBITDA	1.27×	0.1×	0.05×	9.86×	-10.43×
Cash conversion cycle (days)	-5	-4	-2	-2	-5