Helen of Troy Limited (HELE) 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

-174.5%

-$22.53

vs $30.24 price

Levered DCF

$17.39

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

1.75

Distress zone

Rating

Overall 2 / 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	-0.45×	10.23×	17.78×	18.84×	22.19×	21.64×	27.16×	16.78×
P/B	0.51×	0.75×	1.83×	1.82×	3.78×	4.47×	3.59×	2.86×
P/S	0.23×	0.66×	1.49×	1.31×	2.26×	2.64×	2.44×	1.82×
EV / EBITDA	-1.68×	8.21×	12.22×	12.76×	18.79×	17.88×	17.55×	13.66×
Gross margin	45.7%	47.9%	47.3%	43.4%	42.9%	44.2%	43.0%	41.0%
Operating margin	6.0%	7.5%	13.0%	10.2%	12.3%	13.4%	10.4%	12.7%
Net margin	-50.3%	6.5%	8.4%	6.9%	10.1%	12.1%	8.9%	10.8%
Current ratio	1.71×	2×	1.87×	2.16×	1.8×	1.58×	2.01×	1.94×
Debt / equity	1.04×	0.57×	0.43×	0.66×	0.65×	0.31×	0.33×	0.32×
Interest coverage	1.85×	2.75×	4.91×	5.2×	21.22×	22.31×	14.03×	17.01×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	-112.6%	7.4%	10.3%	9.6%	16.9%	20.5%	13.1%	16.9%
Return on invested capital	6.5%	5.3%	8.8%	7.1%	10.6%	16.1%	10.4%	13.8%
Return on assets	-42.5%	4.0%	5.9%	4.9%	7.9%	11.2%	8.0%	10.2%
Free cash flow yield	32.5%	6.6%	9.0%	1.2%	1.3%	3.9%	6.1%	5.9%
Earnings yield	-221.6%	9.8%	5.6%	5.3%	4.5%	4.6%	3.7%	5.9%
Enterprise value	$1.2B	$2.2B	$3.7B	$3.7B	$5.8B	$5.9B	$4.5B	$3.2B
Net debt / EBITDA	-1.12×	3.49×	2.27×	3.3×	2.65×	1.03×	1.38×	1.33×
Cash conversion cycle (days)	150	150	125	150	148	113	113	128