Stocktoria

Bath & Body Works, Inc. BBWI

NYSE · stock · Retail-Retail Stores, NEC · website · IPO 1982-06-10 · LEI

Bath & Body Works, Inc. statistics & valuation

Market cap$4.6B
P / E7.1×
P / S0.6×
P / FCF5.3×
Dividend yield3.62%
Net margin8.9%
FCF margin11.9%
Net debt$2.9B
Net debt / EBITDA2.1×
Enterprise value USD$7.5B
EV / EBITDA5.5×
Earnings yield EBIT/EV14.9%
Return on capital32.4%

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports.

Profitability & efficiency

Net margin (%)
9.20% 7.80% 4.90% -6.80% 13.10% 16.90% 10.60% 11.80% 10.90% 8.90% 2017201820192020202120222023202420252026
Gross margin (%)
40.80% 39.30% 37.00% 44.20% 48.10% 48.90% 43.10% 43.60% 44.30% 43.70% 2017201820192020202120222023202420252026
Operating margin (%)
15.90% 13.70% 9.30% 19.20% 24.90% 25.50% 18.20% 17.30% 17.30% 15.40% 2017201820192020202120222023202420252026
Return on equity (%)
2017201820192020202120222023202420252026
Shares outstanding
291.0M 287.0M 279.0M 278.0M 281.0M 273.0M 233.0M 229.0M 221.0M 209.0M 2017201820192020202120222023202420252026
Net debt ($)
$3.77B $4.19B $4.33B $3.99B $2.80B $2.88B $3.63B $3.30B $3.21B $2.94B 2017201820192020202120222023202420252026
Share buybacks ($)
2017201820192020202120222023202420252026
Return on assets (%)
14.20% 12.10% 8.00% -3.60% 7.30% 22.10% 14.60% 16.10% 16.40% 12.80% 2017201820192020202120222023202420252026
Free cash flow margin (%)
8.00% 5.50% 5.70% 14.40% 28.10% 15.50% 10.80% 8.80% 9.00% 11.90% 2017201820192020202120222023202420252026
Debt / equity (×)
2017201820192020202120222023202420252026
EPS ($)
$3.98 $3.42 $2.31 -$1.32 $3.00 $4.88 $3.43 $3.84 $3.61 $3.11 2017201820192020202120222023202420252026

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

Bath & Body Works, Inc. trades at about 5.8× earnings — below its 10-year norm (10-year range 7.3×–16.2×, median 11.7×).

5.8× 16.2×

Shaded band = 10-year range (7.3×–16.2×); dot = today's 5.8×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Gross margin43.7%44.3%43.6%43.1%48.9%48.1%44.2%37.0%39.3%40.8%
Operating margin15.4%17.3%17.3%18.2%25.5%24.9%19.2%9.3%13.7%15.9%
Net margin8.9%10.9%11.8%10.6%16.9%13.1%-6.8%4.9%7.8%9.2%
FCF margin11.9%9.0%8.8%10.8%15.5%28.1%14.4%5.7%5.5%8.0%
Return on assets12.8%16.4%16.1%14.6%22.1%7.3%-3.6%8.0%12.1%14.2%
Return on equity-50.7%-57.6%-54.0%-36.3%-87.8%-127.5%24.4%-74.1%-130.5%-158.8%
Debt / equity-3.04×-2.80×-2.70×-2.20×-3.20×-9.62×-3.66×-6.60×-7.58×-7.82×
Current ratio1.271.481.641.642.331.971.371.641.621.72

Computed from company filings · US · as of 2026-01-31. Facts plus Stocktoria's own computed scores — not investment advice.