Rent the Runway, Inc. (RENT) 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

-5842.8%

-$126.92

vs $2.21 price

Levered DCF

-$170.80

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

-5.86

Distress zone

Rating

C+

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	FY2015
P/E	3.74×	-0.44×	-0.37×	-1.99×	-1.72×	-7.38×	-8.2×	-131.22×
P/B	-2.34×	-0.17×	-0.34×	-7.81×	5.12×	-9.1×	-37.34×	1.03×
P/S	0.26×	0.1×	0.14×	0.93×	1.79×	8.01×	4.91×	2.53×
EV / EBITDA	3.54×	25.11×	12.24×	-92.84×	-6.38×	-35.52×	-31.82×	50.75×
Gross margin	59.4%	22.1%	20.4%	18.6%	4.4%	-14.9%	8.0%	65.2%
Operating margin	-17.4%	-15.4%	-24.1%	-27.7%	-60.0%	-69.1%	-39.4%	-5.9%
Net margin	6.9%	-22.8%	-38.0%	-46.8%	-104.2%	-108.6%	-59.9%	-1.9%
Current ratio	1.06×	1.98×	2.12×	2.87×	3.85×	2.55×	0.91×	3.92×
Debt / equity	-5.49×	-2.09×	-2.92×	-8.93×	4.4×	-2.99×	-7.75×	0.01×
Interest coverage	-2.83×	-1.95×	-2.14×	-2.23×	-2.3×	-2.33×	-4.22×	0×
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	FY2015
Return on equity	-62.6%	38.3%	92.6%	392.9%	-297.9%	123.4%	455.3%	-0.8%
Return on invested capital	-35.1%	-10.1%	-14.7%	-29.2%	-31.7%	-37.8%	-44.1%	-2.2%
Return on assets	10.2%	-13.7%	-21.2%	-41.3%	-47.3%	-53.4%	-55.8%	-0.7%
Free cash flow yield	-55.2%	-133.4%	-233.9%	-43.1%	-22.9%	-9.6%	-15.8%	-0.4%
Earnings yield	26.8%	-229.0%	-269.7%	-50.3%	-58.2%	-13.6%	-12.2%	-0.8%
Enterprise value	$232.3M	$333.9M	$314.6M	$436.4M	$428.9M	$1.6B	$1.5B	$259.2M
Net debt / EBITDA	2.25×	22.81×	10.61×	-34.19×	-0.97×	-7.17×	-4.91×	-0.26×
Cash conversion cycle (days)	-27	-20	-17	-22	-42	-23	-25	19