Stocktoria

Sally Beauty Holdings, Inc. SBH

NYSE · stock · Retail-Retail Stores, NEC · website · IPO 2006-11-13 · LEI

Sally Beauty Holdings, Inc. statistics & valuation

Market cap$1.4B
P / E7.0×
P / S0.4×
P / B1.7×
P / FCF8.0×
Net margin5.3%
Return on equity24.7%
FCF margin4.7%
Net debt$725.8M
Net debt / EBITDA1.7×
Enterprise value USD$2.1B
EV / EBITDA4.9×
Earnings yield EBIT/EV15.6%
Return on capital14.3%
Graham number +8.8%$18.04

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 ($18.04); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
5.60% 5.50% 6.60% 7.00% 5.30% 6.20% 4.80% 5.00% 4.10% 5.30% 2016201720182019202020212022202320242025
Gross margin (%)
49.70% 49.90% 49.40% 49.30% 48.80% 50.40% 50.30% 50.90% 50.90% 51.60% 2016201720182019202020212022202320242025
Operating margin (%)
12.60% 12.20% 10.80% 11.80% 7.40% 10.80% 8.80% 8.70% 7.60% 8.90% 2016201720182019202020212022202320242025
Return on equity (%)
1195.40% 85.40% 62.50% 36.30% 24.40% 24.70% 2016201720182019202020212022202320242025
Shares outstanding
148.8M 138.2M 123.8M 120.3M 116.7M 114.2M 110.3M 109.3M 106.9M 103.8M 2016201720182019202020212022202320242025
Net debt ($)
$1.71B $1.83B $1.72B $1.54B $1.30B $992.0M $1.02B $955.0M $886.0M $725.8M 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
10.60% 10.20% 12.30% 12.90% 6.40% 8.40% 7.10% 6.80% 5.50% 6.80% 2016201720182019202020212022202320242025
Free cash flow margin (%)
5.10% 6.40% 7.30% 5.50% 9.00% 7.90% 1.50% 4.30% 3.90% 4.70% 2016201720182019202020212022202320242025
Debt / equity (×)
117.41× 4.96× 3.70× 2.12× 1.58× 1.10× 2016201720182019202020212022202320242025
EPS ($)
$1.50 $1.56 $2.08 $2.26 $0.99 $2.10 $1.66 $1.69 $1.43 $1.89 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

Sally Beauty Holdings, Inc. trades at about 8.8× earnings — near its 10-year norm (10-year range 5×–17.3×, median 8.5×).

5× 17.3×

Shaded band = 10-year range (5×–17.3×); dot = today's 8.8×.

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 margin51.6%50.9%50.9%50.3%50.4%48.8%49.3%49.4%49.9%49.7%
Operating margin8.9%7.6%8.7%8.8%10.8%7.4%11.8%10.8%12.2%12.6%
Net margin5.3%4.1%5.0%4.8%6.2%5.3%7.0%6.6%5.5%5.6%
FCF margin4.7%3.9%4.3%1.5%7.9%9.0%5.5%7.3%6.4%5.1%
Return on assets6.8%5.5%6.8%7.1%8.4%6.4%12.9%12.3%10.2%10.6%
Return on equity24.7%24.4%36.3%62.5%85.4%1195.4%-450.3%-96.1%-59.1%-80.7%
Debt / equity1.10×1.58×2.12×3.70×4.96×117.41×-26.68×-6.68×-5.20×-6.52×
Current ratio2.262.202.121.702.082.542.552.351.992.40

Computed from company filings · US · as of 2025-09-30. Facts plus Stocktoria's own computed scores — not investment advice.