Ethan Allen Interiors Inc. (ETD) 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

+5.7%

$22.15

vs $20.96 price

Levered DCF

$15.27

After debt service

Piotroski score

7 / 9

Strong

Altman Z-score

2.54

Grey zone

Rating

A-

Overall 4 / 5

Ratios by fiscal year

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

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	14.32×	13.72×	10.96×	6.81×	4.98×	11.6×	34.79×	22.04×
P/B	1.21×	1.48×	1.45×	1.53×	1.26×	1.98×	0.94×	1.55×
P/S	0.99×	1.16×	1.08×	0.91×	0.63×	1.02×	0.52×	0.76×
EV / EBITDA	10.07×	8.99×	8.08×	5.03×	3.37×	7.48×	14.6×	10.13×
Gross margin	61.2%	60.5%	60.8%	60.7%	59.3%	57.4%	54.8%	54.8%
Operating margin	7.7%	10.1%	12.1%	17.3%	16.9%	11.3%	2.5%	4.5%
Net margin	6.9%	8.4%	9.9%	13.4%	12.6%	8.8%	1.5%	3.4%
Current ratio	2.06×	2.03×	2.16×	2.2×	1.61×	1.32×	1.65×	1.76×
Debt / equity	0.26×	0.26×	0.27×	0.28×	0.29×	0.36×	0.55×	0×
Interest coverage	196.85×	255.09×	318.33×	644.11×	687.81×	88.43×	32.18×	79.88×
Dividend yield	8.1%	7.0%	7.2%	6.4%	9.4%	6.2%	7.0%	8.3%
Payout ratio	116.0%	97.1%	78.8%	43.8%	46.7%	72.1%	241.2%	182.9%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	8.5%	10.7%	13.2%	22.5%	25.4%	17.1%	2.7%	7.1%
Return on invested capital	5.6%	7.6%	9.4%	16.9%	19.5%	12.5%	1.8%	6.6%
Return on assets	5.5%	7.0%	8.6%	14.2%	14.3%	8.8%	1.4%	5.0%
Free cash flow yield	7.2%	7.1%	10.1%	12.0%	10.9%	16.9%	12.0%	8.2%
Earnings yield	7.0%	7.2%	9.1%	14.7%	20.1%	8.6%	2.9%	4.5%
Enterprise value	$618.3M	$762.1M	$758.7M	$788.6M	$520M	$718.8M	$415.9M	$545.1M
Net debt / EBITDA	0.76×	0.57×	0.63×	0.43×	0.04×	0.22×	3.78×	-0.37×
Cash conversion cycle (days)	195	182	169	147	160	138	143	146