Stocktoria

Lifeway Foods, Inc. LWAY

Nasdaq · stock · Dairy Products · website · IPO 1988-12-29

Lifeway Foods, Inc. statistics & valuation

Market cap$449.1M
P / E32.4×
P / S2.1×
P / B5.2×
Net margin6.5%
FCF margin-7.7%
Return on capital18.2%
Graham number -64%$10.52

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 ($10.52); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
-0.30% -3.00% 0.50% 3.20% 2.80% 0.70% 7.10% 4.80% 6.50% 2016201720182019202020212022202320242025
Gross margin (%)
25.80% 25.00% 23.60% 26.40% 24.10% 18.90% 26.50% 26.00% 27.40% 2016201720182019202020212022202320242025
Operating margin (%)
-0.40% -3.00% -2.10% 4.80% 4.90% 1.70% 10.60% 7.40% 7.60% 2016201720182019202020212022202320242025
Return on equity (%)
7.20% -0.70% -7.30% 1.00% 6.90% 6.70% 1.90% 18.80% 12.60% 16.10% 2016201720182019202020212022202320242025
Shares outstanding
16.2M 16.1M 16.3M 15.8M 15.8M 15.8M 15.7M 15.1M 15.1M 15.5M 2016201720182019202020212022202320242025
Net debt ($)
-$1.7M $1.3M -$7.9M -$4.7M -$694000 -$10.4M 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
5.30% -0.50% -5.40% 0.80% 5.30% 4.70% 1.30% 13.90% 10.00% 13.10% 2016201720182019202020212022202320242025
Free cash flow margin (%)
-1.30% -0.40% 2.80% 4.40% 3.10% 0.40% 7.90% 3.40% -7.70% 2016201720182019202020212022202320242025
Debt / equity (×)
0.15× 0.13× 0.00× 0.09× 0.08× 0.05× 2016201720182019202020212022202320242025
EPS ($)
$0.22 -$0.02 -$0.19 $0.03 $0.21 $0.21 $0.06 $0.75 $0.60 $0.89 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

Lifeway Foods, Inc. trades at about 32.8× earnings — below its 10-year norm (10-year range 16.6×–106.8×, median 38.4×).

16.6× 106.8×

Shaded band = 10-year range (16.6×–106.8×); dot = today's 32.8×.

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)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Gross margin27.4%26.0%26.5%18.9%24.1%26.4%23.6%25.0%25.8%
Operating margin7.6%7.4%10.6%1.7%4.9%4.8%-2.1%-3.0%-0.4%
Net margin6.5%4.8%7.1%0.7%2.8%3.2%0.5%-3.0%-0.3%
FCF margin-7.7%3.4%7.9%0.4%3.1%4.4%2.8%-0.4%-1.3%
Return on assets13.1%10.0%13.9%1.3%4.7%5.3%0.8%-5.4%-0.5%5.3%
Return on equity16.1%12.6%18.8%1.9%6.7%6.9%1.0%-7.3%-0.7%7.2%
Debt / equity0.05×0.08×0.09×0.00×0.13×0.15×
Current ratio2.232.812.302.072.412.852.022.541.872.94

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.