Pool Corporation (POOL) 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

-7.6%

$198.18

vs $214.54 price

Levered DCF

$138.02

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

4.72

Safe zone

Rating

B+

Overall 3 / 5

Ratios by fiscal year

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

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	21.01×	29.99×	29.64×	16×	34.92×	40.75×	32.33×	25.54×
P/B	7.17×	10.18×	11.75×	9.65×	21.07×	23.36×	20.62×	26.8×
P/S	1.61×	2.44×	2.78×	1.93×	4.26×	3.8×	2.64×	2×
EV / EBITDA	15.71×	21.36×	21.27×	12.71×	27.79×	31.47×	24.62×	19.43×
Gross margin	29.7%	29.7%	30.0%	31.3%	30.5%	28.7%	28.9%	29.0%
Operating margin	11.0%	11.6%	13.5%	16.6%	15.7%	11.8%	10.7%	10.5%
Net margin	7.7%	8.2%	9.4%	12.1%	12.3%	9.3%	8.2%	7.8%
Current ratio	2.24×	2.05×	2.36×	2.99×	2.38×	2.32×	2.49×	2.99×
Debt / equity	1.3×	1×	1.04×	1.34×	1.33×	0.98×	1.68×	2.98×
Interest coverage	12.41×	12.28×	12.79×	25.07×	96.4×	37.56×	14.35×	15.02×
Dividend yield	2.2%	1.4%	1.1%	1.3%	0.5%	0.6%	1.0%	1.2%
Payout ratio	45.5%	41.4%	32.0%	20.1%	18.4%	25.1%	32.0%	29.6%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	34.3%	34.1%	39.9%	60.6%	60.7%	57.4%	63.8%	104.9%
Return on invested capital	15.4%	17.7%	20.4%	26.1%	25.6%	28.3%	24.2%	26.6%
Return on assets	11.2%	12.9%	15.3%	21.0%	20.1%	21.1%	17.6%	18.9%
Free cash flow yield	3.6%	4.6%	5.4%	3.7%	1.2%	2.5%	3.1%	1.5%
Earnings yield	4.8%	3.4%	3.4%	6.3%	2.9%	2.5%	3.1%	3.9%
Enterprise value	$9.9B	$14.2B	$16.7B	$13.5B	$24B	$15.5B	$9.1B	$6.6B
Net debt / EBITDA	2.26×	1.8×	1.65×	1.52×	1.63×	1.2×	1.78×	1.9×
Cash conversion cycle (days)	103	96	103	123	119	94	96	100