Wayfair Inc. (W) 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

-114.4%

-$16.84

vs $116.56 price

Levered DCF

$26.36

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

3.25

Safe zone

Rating

Overall 2 / 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	-41.49×	-11.08×	-9.54×	-2.62×	-150.77×	117×	-8.46×	-16×
P/B	-4.7×	-1.98×	-2.6×	-1.37×	-12.2×	-18.15×	-8.82×	-24.37×
P/S	1.05×	0.46×	0.59×	0.29×	1.44×	1.53×	0.91×	1.19×
EV / EBITDA	191.21×	-126.61×	-33.61×	-7.16×	98.68×	36.29×	-13.77×	-23.41×
Gross margin	30.2%	30.2%	30.6%	28.0%	28.4%	29.1%	23.5%	23.4%
Operating margin	0.1%	-3.9%	-6.8%	-11.3%	-0.7%	2.5%	-10.2%	-7.0%
Net margin	-2.5%	-4.2%	-6.1%	-10.9%	-1.0%	1.3%	-10.8%	-7.4%
Current ratio	0.94×	0.79×	0.85×	0.93×	1.36×	1.41×	0.85×	1.1×
Debt / equity	-1.46×	-1.53×	-1.55×	-1.63×	-2.5×	-3.04×	-2.51×	-2.97×
Interest coverage	0.2×	-15.9×	-47.82×	-51.26×	-2.94×	2.47×	-16.91×	-16.57×
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	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	11.3%	17.9%	27.3%	52.2%	8.1%	-15.5%	104.3%	152.4%
Return on invested capital	1.3%	-30.8%	-52.8%	-84.8%	-3.8%	13.0%	-64.9%	-63.0%
Return on assets	-9.1%	-14.2%	-21.2%	-37.2%	-2.9%	4.0%	-33.3%	-26.7%
Free cash flow yield	2.5%	1.5%	-0.0%	-32.5%	0.7%	5.0%	-7.2%	-1.7%
Earnings yield	-2.4%	-9.0%	-10.5%	-38.2%	-0.7%	0.9%	-11.8%	-6.3%
Enterprise value	$15.7B	$8.4B	$9.9B	$6.6B	$22.1B	$23.1B	$10.1B	$8.2B
Net debt / EBITDA	31.61×	-44.02×	-9.77×	-3.37×	10.48×	2.35×	-2.43×	-0.38×
Cash conversion cycle (days)	-44	-43	-44	-36	-33	-36	-38	-37