Monro Inc. (MNRO) 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

+134.8%

$28.31

vs $12.06 price

Levered DCF

$46.70

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

1.32

Distress zone

Rating

Overall 3 / 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	562.55×	-72.36×	25.85×	40.78×	24.24×	64.94×	25.32×	36.02×
P/B	0.78×	0.77×	1.44×	2.26×	1.89×	2.94×	1.98×	4.11×
P/S	0.4×	0.4×	0.74×	1.19×	1.09×	1.96×	1.16×	2.4×
EV / EBITDA	11.41×	11.96×	10.74×	14.21×	12.42×	19.91×	13.19×	17.8×
Gross margin	35.0%	34.9%	35.4%	34.4%	35.4%	35.1%	37.9%	38.8%
Operating margin	1.3%	3.4%	5.6%	6.0%	7.9%	6.7%	8.7%	10.6%
Net margin	0.2%	-0.4%	2.9%	2.9%	4.5%	3.0%	4.6%	6.6%
Current ratio	0.46×	0.53×	0.56×	0.58×	0.76×	0.92×	2.34×	1.1×
Debt / equity	0.82×	0.85×	0.93×	0.96×	1.03×	1.07×	1.5×	0.54×
Interest coverage	0.9×	2.13×	3.57×	3.44×	4.36×	2.68×	3.89×	4.69×
Dividend yield	7.5%	7.3%	3.8%	2.3%	2.3%	1.3%	2.0%	0.9%
Payout ratio	1608.6%	-673.1%	94.5%	93.2%	56.3%	86.8%	51.2%	33.6%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	0.4%	-0.8%	5.7%	5.6%	7.9%	4.6%	7.9%	11.4%
Return on invested capital	1.0%	3.0%	3.9%	3.9%	5.3%	3.7%	4.6%	9.0%
Return on assets	0.1%	-0.3%	2.2%	2.2%	3.3%	1.9%	2.8%	6.1%
Free cash flow yield	8.4%	22.1%	10.6%	11.2%	9.9%	6.0%	4.5%	3.8%
Earnings yield	0.5%	-1.1%	4.0%	2.5%	4.2%	1.6%	4.0%	2.8%
Enterprise value	$935.4M	$985.2M	$1.5B	$2.2B	$2.3B	$3B	$2.2B	$3.2B
Net debt / EBITDA	5.75×	6.17×	4.19×	4.22×	4.34×	5.16×	4.49×	2.03×
Cash conversion cycle (days)	-63	-55	-32	-34	23	38	52	44