Ryanair Holdings plc Ratios | P/E, ROE & Valuation

On the Key Ratios page for Ryanair Holdings plc (RYAAY), the latest P/E of 13.6 frames valuation, while ROE 20.27% and ROIC 17.84% indicates profitability and capital efficiency. Together with the current ratio of 0.79 and debt-to-equity 0.02, these signals help you judge whether valuation is supported by fundamentals across the historical rows.

Financial Performance Ratios

RYAAY Historical Per Share Metrics

10 years
Metric (FY)TTM202520242023202220212020201920182017
Revenue per Share$29.94$12.66$11.80$9.48$4.25$1.47$7.63$6.73$5.99$5.32
Net Income per Share$3.63$1.46$1.68$1.16$-0.21$-0.91$0.58$0.77$1.22$1.05
Operating Cash Flow per Share$6.61$3.10$2.77$3.42$-2.17$1.90$1.85$1.54$1.87$1.54
Free Cash Flow per Share$3.26$1.69$0.67$1.74$-2.43$0.82$0.38$0.41$0.64$0.38
Cash per Share$5.38$3.60$3.61$4.10$2.76$3.40$2.84$2.76$3.05$3.30
Book Value per Share$18.21$6.39$6.68$4.96$4.11$4.47$4.68$4.56$3.74$3.54
Tangible Book Value per Share$17.93$6.26$6.56$4.84$3.98$4.34$4.55$4.43$3.71$3.50
Interest Debt per Share$0.35$2.50$2.41$3.69$4.88$3.86$3.34$3.24$3.37$3.56
CAPEX per Share$3.35$1.41$2.10$1.68$0.26$1.08$1.47$1.13$1.23$1.16

RYAAY Historical Valuation Ratios

10 years
Metric (FY)TTM202520242023202220212020201920182017
Price to Earnings (P/E)13.5912.7312.212.88-63.8-18.115.8114.6813.1713.79
Price to Book (P/B)2.672.923.0733.313.71.972.494.274.1
Price to Sales (P/S)1.621.471.741.573.211.231.211.692.672.73
Enterprise Value to EBITDA6.416.317.297.6455.76-42.796.739.039.6710.49
EV to Sales1.471.391.661.623.7812.241.441.943.013.2
EV to Operating Cash Flow6.675.667.054.48-7.419.515.928.59.6511.06
EV to Free Cash Flow13.5410.3829.068.82-6.6121.9928.8931.7828.2544.63
Enterprise Value$22.95B$19.34B$22.26B$17.43B$18.14B$20.02B$12.23B$14.96B$21.54B$21.31B

RYAAY Historical Profitability Ratios

10 years
Metric (FY)TTM202520242023202220212020201920182017
Return on Equity (ROE)20.27%22.90%25.18%23.28%-5.18%-20.43%12.44%16.97%32.45%29.75%
Return on Invested Capital (ROIC)17.84%13.74%17.09%13.03%-4.85%-8.26%11.35%10.03%15.99%14.76%
Return on Tangible Assets10.50%9.28%11.26%8.08%-1.98%-6.95%4.95%6.75%11.78%11.02%
Earnings Yield7.47%7.85%8.20%7.77%-1.57%-5.52%6.32%6.81%7.59%7.25%
Free Cash Flow Yield6.71%9.08%3.28%11.68%-17.85%4.95%4.13%3.62%3.99%2.63%
Dividend Yield1.73%2.13%0.85%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

RYAAY Historical Liquidity & Financial Strength

10 years
Metric (FY)TTM202520242023202220212020201920182017
Current Ratio0.790.740.910.80.980.820.930.931.231.56
Interest Coverage023.43018.78-3.72-12.0315.4717.227.7422.83
Income Quality1.822.121.652.962.413.252.331.991.541.46
Debt to Equity0.020.380.360.731.170.850.70.70.890.99
Debt to Assets1.00%15.32%15.99%25.09%44.02%28.56%27.50%27.50%32.06%36.57%
Net Debt to EBITDA-0.64-0.39-0.370.238.53-3.521.081.191.11.56

RYAAY Historical Efficiency Ratios

10 years
Metric (FY)TTM202520242023202220212020201920182017
Receivables Turnover162.74189.78175.97180.49110.3787.95121.7127.65124.15122.43
Payables Turnover17.7916.0912.087.263.95.074.419.5718.0814.6
Inventory Turnover2757.432456.111542.971289.171113.83515.972082.721894.071219.541385.16
Days Sales Outstanding2.241.922.072.023.314.1532.862.942.98
Days Payables Outstanding20.5222.6830.2350.2893.6772.0382.6838.1320.1925
Days of Inventory on Hand0.130.150.240.280.330.710.180.190.30.26

RYAAY Historical Market Metrics

10 years
Metric (FY)TTM202520242023202220212020201920182017
Enterprise Value to EBITDA6.416.317.297.6455.76-42.796.739.039.6710.49
Market Cap$25.26B$20.52B$23.39B$16.92B$15.36B$18.38B$10.26B$12.99B$19.10B$18.15B
Enterprise Value$22.95B$19.34B$22.26B$17.43B$18.14B$20.02B$12.23B$14.96B$21.54B$21.31B
Dividend Yield1.73%2.13%0.85%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Payout Ratio23.44%27.16%10.41%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

Is Ryanair Holdings plc stock overvalued based on its P/E ratio?

On this page, RYAAY's current P/E is 13.6, compared with a multi-year average around 13.6. When the current P/E sits near its historical average, valuation may be broadly "in line." Investors typically then focus on trend direction (whether profitability and cash-flow metrics are improving) and balance-sheet risk (liquidity and leverage) rather than treating the P/E in isolation.

What is Ryanair Holdings plc market cap?

Market cap is the market value of a company's equity and is commonly calculated as share price multiplied by shares outstanding. The latest market cap shown in the table is $25.26B. Pair market cap with valuation multiples (P/E, P/B, P/S) so you can evaluate whether size also corresponds with "quality" and profitability. For a wider view across stocks, you can also use the stock screener.

What is a good P/E ratio for Ryanair Holdings plc compared to its industry?

There isn't one universal "good" P/E - P/E should be judged against the business model and expected growth for its sector. A practical approach is: (1) compare the P/E on this page to Ryanair Holdings plc's own historical range (shown across the table's rows), and (2) benchmark against peer companies using the Screener's P/E filters and the Peers Comparison/Compare tools. If profitability (ROE/ROIC) and cash-flow strength are improving, a higher P/E can be more defensible; if returns are slipping, even a lower P/E may be a value trap.

How does Ryanair Holdings plc compare to its competitors in key financial ratios?

The fastest way to compare Ryanair Holdings plc with competitors is to use the built-in "Peers Comparison" section on this page and the Compare tool. Focus on a small set of ratios that work together: P/E for valuation, ROE/ROIC for profitability and capital efficiency, current ratio and interest coverage for liquidity and solvency, and debt-to-equity for leverage risk. When you see Ryanair Holdings plc outperform peers on profitability while keeping valuation and leverage reasonable, it often signals stronger fundamentals.

Is Ryanair Holdings plc financially strong based on its ratios?

To assess whether Ryanair Holdings plc is financially strong, review both profitability and balance-sheet risk together. Current ratio is about 0.79, which is below 1.0 and can suggest tighter short-term liquidity. Interest coverage is about 0.00, implying less buffer for servicing interest costs. Debt-to-equity is about 0.02, suggesting leverage is more moderate relative to a high-debt profile. Then confirm the same story is supported by ROE/ROIC (quality of earnings) and by cash-flow backed metrics in the table.

What do Ryanair Holdings plc's financial ratios say about its future growth?

Ratios are a way to see what the business is likely to sustain. Look for upward trends in profitability metrics (ROE and ROIC), improving earnings/cash-flow backed measures, and stable or strengthening liquidity. If Ryanair Holdings plc is sustaining strong returns (for example ROE at 20.27% and ROIC at 17.84%) while debt levels and interest coverage remain manageable, growth expectations may be more credible. If valuation multiples expand while returns weaken, the market may be pricing optimistic growth ahead of results.