Performance Food Group Co (PFGC) 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

+125.9%

$227.73

vs $100.82 price

Levered DCF

$346.02

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

4.75

Safe zone

Rating

B-

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	48.02×	39.76×	23.44×	23.35×	63.12×	154.81×	-27.6×	24.86×
P/B	3.51×	3.03×	2.47×	2.48×	2.15×	3.01×	1.57×	3.2×
P/S	0.25×	0.21×	0.18×	0.16×	0.14×	0.21×	0.13×	0.21×
EV / EBITDA	14.54×	13.98×	10.94×	11.14×	14.86×	17.08×	33.62×	12.52×
Gross margin	11.9%	11.7%	11.3%	10.9%	10.3%	11.6%	11.4%	12.7%
Operating margin	1.3%	1.3%	1.4%	1.3%	0.6%	0.7%	-0.4%	1.4%
Net margin	0.5%	0.5%	0.7%	0.7%	0.2%	0.1%	-0.5%	0.8%
Current ratio	1.51×	1.58×	1.64×	1.71×	1.66×	1.42×	1.32×	1.57×
Debt / equity	1.59×	1.79×	1.21×	1.27×	1.51×	1.42×	1.5×	1.04×
Interest coverage	2.15×	2.28×	3.56×	3.51×	1.79×	1.32×	-0.85×	4.33×
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	7.3%	7.6%	10.6%	10.6%	3.4%	1.9%	-5.7%	12.8%
Return on invested capital	4.7%	4.4%	6.1%	6.1%	2.5%	2.7%	-1.0%	7.3%
Return on assets	1.9%	1.9%	3.3%	3.2%	0.9%	0.5%	-1.5%	3.6%
Free cash flow yield	6.0%	5.2%	7.5%	6.1%	0.9%	-2.0%	14.8%	4.3%
Earnings yield	2.1%	2.5%	4.3%	4.3%	1.6%	0.6%	-3.6%	4.0%
Enterprise value	$24.9B	$21.5B	$15.2B	$14B	$12.1B	$9.3B	$5.7B	$5.5B
Net debt / EBITDA	4.49×	5.16×	3.58×	3.76×	6.13×	5.47×	15.2×	3.04×
Cash conversion cycle (days)	21	22	21	22	24	20	18	28