Petco Health and Wellness Company, Inc. (WOOF) 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

-546.2%

-$12.22

vs $2.74 price

Levered DCF

-$2.06

After debt service

Piotroski score

7 / 9

Strong

Altman Z-score

1.04

Distress zone

Rating

C+

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	83.02×	-9.24×	-0.52×	34.53×	29.52×	-200.23×	-440.12×	-105×
P/B	0.65×	0.84×	0.56×	1.31×	2.13×	2.56×	74.11×	67.17×
P/S	0.13×	0.15×	0.11×	0.52×	0.84×	1.08×	9.52×	9.76×
EV / EBITDA	9.78×	17.32×	-3.69×	14.83×	17.01×	23.25×	164.31×	-3,130.49×
Gross margin	38.7%	38.0%	37.6%	40.2%	41.8%	42.8%	43.0%	43.4%
Operating margin	2.0%	0.1%	-18.9%	3.7%	4.6%	4.0%	2.5%	-4.9%
Net margin	0.2%	-1.7%	-20.5%	1.5%	2.8%	-0.5%	-2.2%	-9.4%
Current ratio	0.9×	0.85×	0.86×	0.99×	1.02×	0.89×	0.84×	1.4×
Debt / equity	2.46×	2.66×	2.57×	1.32×	1.34×	1.45×	8.24×	5.06×
Interest coverage	0.92×	0.05×	-7.82×	2.22×	3.44×	0.89×	0.44×	-0.88×
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	0.8%	-9.1%	-108.1%	3.8%	7.2%	-1.3%	-16.8%	-64.9%
Return on invested capital	1.6%	0.1%	-25.2%	2.7%	3.5%	3.3%	1.5%	-4.4%
Return on assets	0.2%	-2.0%	-23.9%	1.4%	2.5%	-0.4%	-1.6%	-8.4%
Free cash flow yield	24.9%	5.3%	-1.5%	2.2%	2.5%	2.1%	-0.1%	0.1%
Earnings yield	1.2%	-10.9%	-192.9%	2.9%	3.4%	-0.5%	-0.2%	-1.0%
Enterprise value	$3.4B	$3.7B	$3.6B	$6B	$7.7B	$8.2B	$46.7B	$45.9B
Net debt / EBITDA	7.59×	12.97×	-3×	7.19×	6.27×	8.2×	15.97×	-207.72×
Cash conversion cycle (days)	17	18	21	30	33	29	29	31