J.W. Mays, Inc. (MAYS) 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

-197.1%

-$44.97

vs $46.32 price

Levered DCF

-$35.98

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

1.86

Grey 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	-56.12×	-575×	-216.65×	-1,101.21×	-128×	191.7×	-43.96×	46.75×
P/B	1.52×	1.54×	1.65×	1.72×	1.69×	1.43×	0.74×	1.29×
P/S	3.7×	3.61×	4.04×	4.05×	4.22×	3.82×	2.04×	3.45×
EV / EBITDA	139.63×	63.76×	87.47×	68.7×	123.22×	48.51×	124.43×	16.84×
Gross margin	2.2%	30.3%	29.8%	31.9%	31.5%	29.2%	28.2%	45.2%
Operating margin	-8.9%	-0.7%	-2.9%	1.0%	-3.1%	-4.1%	-6.3%	9.2%
Net margin	-6.6%	-0.6%	-1.9%	-0.4%	-3.3%	2.0%	-4.6%	7.4%
Current ratio	2.96×	0.92×	1.75×	2.78×	2.25×	3.21×	3.56×	1.21×
Debt / equity	0.66×	0.52×	0.55×	0.59×	0.62×	0.65×	0.71×	0.1×
Interest coverage	-15.33×	-2.28×	-4.55×	0.97×	-2.61×	-3.15×	-6.12×	9.35×
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	-2.7%	-0.3%	-0.8%	-0.2%	-1.3%	0.7%	-1.7%	2.8%
Return on invested capital	-1.3%	-0.1%	-0.5%	0.1%	-0.5%	-0.9%	-0.9%	2.2%
Return on assets	-1.3%	-0.1%	-0.5%	-0.1%	-0.8%	0.4%	-0.9%	2.2%
Free cash flow yield	-6.3%	0.2%	-1.2%	1.3%	-0.0%	-1.5%	-12.0%	-1.2%
Earnings yield	-1.8%	-0.2%	-0.5%	-0.1%	-0.8%	0.5%	-2.3%	2.1%
Enterprise value	$108.7M	$106.6M	$115.3M	$121.9M	$122.2M	$111.1M	$75M	$71.8M
Net debt / EBITDA	39.39×	15.25×	21.2×	17.16×	32.19×	14.76×	58.29×	0.27×
Cash conversion cycle (days)	-6	64	6	8	-11	-24	-31	350