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Chefs' Warehouse, Inc. CHEF

Nasdaq · stock · Wholesale-Groceries, General Line · website · IPO 2011-07-28

Chefs' Warehouse, Inc. statistics & valuation

Market cap$3.9B
P / E54.1×
P / S0.9×
P / B6.5×
Net margin1.7%
Return on equity12.0%
Net debt$599.4M
Net debt / EBITDA3×
Enterprise value USD$4.5B
EV / EBITDA22.7×
Earnings yield EBIT/EV3.2%
Return on capital9.3%
Graham number -79.9%$22.28

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($22.28); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
0.30% 1.10% 1.40% 1.50% -7.50% -0.30% 1.10% 1.00% 1.50% 1.70% 2016201720182019202020212022202320242025
Gross margin (%)
25.30% 25.30% 24.20% 24.30% 22.30% 22.40% 23.70% 23.70% 24.10% 24.20% 2016201720182019202020212022202320242025
Operating margin (%)
4.00% 3.20% 3.40% 3.20% -9.20% 0.60% 3.30% 2.90% 3.40% 3.50% 2016201720182019202020212022202320242025
Return on equity (%)
1.60% 5.80% 6.60% 7.20% -24.10% -1.40% 6.90% 7.60% 10.30% 12.00% 2016201720182019202020212022202320242025
Shares outstanding
26.3M 28.4M 30.0M 30.3M 37.3M 37.9M 38.7M 45.6M 46.0M 46.0M 2016201720182019202020212022202320242025
Net debt ($)
$299.7M $276.3M $235.8M $251.9M $204.8M $279.0M $515.9M $663.6M $574.1M $599.4M 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
0.50% 2.10% 2.80% 2.40% -8.50% -0.50% 1.80% 2.00% 3.00% 3.60% 2016201720182019202020212022202320242025
Free cash flow margin (%)
2016201720182019202020212022202320242025
Debt / equity (×)
1.72× 1.28× 0.90× 1.17× 1.16× 1.13× 1.68× 1.57× 1.28× 1.19× 2016201720182019202020212022202320242025
EPS ($)
$0.12 $0.54 $0.70 $0.81 -$2.46 -$0.13 $0.73 $0.88 $1.32 $1.68 2016201720182019202020212022202320242025

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

Chefs' Warehouse, Inc. trades at about 66.1× earnings — above its 10-year norm (10-year range 20.9×–139.2×, median 40.8×).

20.9× 139.2×

Shaded band = 10-year range (20.9×–139.2×); dot = today's 66.1×.

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)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Gross margin24.2%24.1%23.7%23.7%22.4%22.3%24.3%24.2%25.3%25.3%
Operating margin3.5%3.4%2.9%3.3%0.6%-9.2%3.2%3.4%3.2%4.0%
Net margin1.7%1.5%1.0%1.1%-0.3%-7.5%1.5%1.4%1.1%0.3%
Return on assets3.6%3.0%2.0%1.8%-0.5%-8.5%2.4%2.8%2.1%0.5%
Return on equity12.0%10.3%7.6%6.9%-1.4%-24.1%7.2%6.6%5.8%1.6%
Debt / equity1.19×1.28×1.57×1.68×1.13×1.16×1.17×0.90×1.28×1.72×
Current ratio2.052.041.892.542.393.433.022.622.742.46

Computed from company filings · US · as of 2025-12-26. Facts plus Stocktoria's own computed scores — not investment advice.