Stocktoria

WD 40 CO WDFC

Nasdaq · stock · Miscellaneous Chemical Products · website · IPO 1973-01-17 · LEI

WD 40 CO statistics & valuation

Market cap$3.1B
P / E33.7×
P / S4.9×
P / B11.4×
P / FCF36.7×
Dividend yield1.64%
Net margin14.7%
Return on equity33.9%
FCF margin13.5%
Net debt$28.1M
Net debt / EBITDA0.3×
Enterprise value USD$3.1B
EV / EBITDA27.6×
Earnings yield EBIT/EV3.4%
Return on capital27.8%
Graham number -76.5%$54.54

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 ($54.54); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
13.20% 14.90% 14.40% 13.00% 12.30% 11.80% 14.70% 2019202020212022202220232023202320242025
Gross margin (%)
54.90% 54.60% 54.00% 49.10% 51.00% 53.40% 55.10% 2019202020212022202220232023202320242025
Operating margin (%)
19.50% 18.90% 18.20% 16.80% 16.70% 16.30% 16.70% 2019202020212022202220232023202320242025
Return on equity (%)
38.40% 37.90% 35.00% 35.70% 31.40% 30.20% 33.90% 2019202020212022202220232023202320242025
Shares outstanding
13.8M 13.7M 13.7M 13.7M 13.6M 13.6M 13.6M 13.6M 13.6M 13.6M 2019202020212022202220232023202320242025
Net debt ($)
$33.0M $56.6M $29.0M $69.3M $71.0M $70.3M $70.5M $61.6M $39.3M $28.1M 2019202020212022202220232023202320242025
Share buybacks ($)
2019202020212022202220232023202320242025
Return on assets (%)
18.50% 16.70% 16.30% 15.50% 15.10% 15.50% 19.10% 2019202020212022202220232023202320242025
Free cash flow margin (%)
11.70% 13.10% 14.30% -1.10% 17.00% 14.90% 13.50% 2019202020212022202220232023202320242025
Debt / equity (×)
0.41× 0.71× 0.57× 0.57× 0.56× 0.55× 0.53× 0.52× 0.37× 0.32× 2019202020212022202220232023202320242025
EPS ($)
$4.02 $4.40 $5.09 $4.90 $4.83 $5.11 $6.69 2019202020212022202220232023202320242025

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

WD 40 CO trades at about 34.8× earnings — below its 10-year norm (10-year range 29.5×–50.5×, median 42.1×).

29.5× 50.5×

Shaded band = 10-year range (29.5×–50.5×); dot = today's 34.8×.

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)

RatioFY2025FY2024FY2023FY2023FY2023FY2022FY2022FY2021FY2020FY2019
Gross margin55.1%53.4%51.0%———49.1%54.0%54.6%54.9%
Operating margin16.7%16.3%16.7%———16.8%18.2%18.9%19.5%
Net margin14.7%11.8%12.3%———13.0%14.4%14.9%13.2%
FCF margin13.5%14.9%17.0%———-1.1%14.3%13.1%11.7%
Return on assets19.1%15.5%15.1%———15.5%16.3%16.7%18.5%
Return on equity33.9%30.2%31.4%———35.7%35.0%37.9%38.4%
Debt / equity0.32×0.37×0.52×0.53×0.55×0.56×0.57×0.57×0.71×0.41×
Current ratio2.792.472.802.622.262.252.252.813.081.98

Computed from company filings · US · as of 2025-08-31. Facts plus Stocktoria's own computed scores — not investment advice.