# Academy Sports and Outdoors Inc. (ASO) fundamentals

Data as of 2026-09-08. NASDAQ, United States. Sector: Consumer Cyclical / Specialty Retail. Price $44.94, market value $2.8 billion.

## Valuation
- **P/E (trailing): 7.9×** (5-yr avg 8.1×, 3-yr avg 9.4×). Academy Sports and Outdoors Inc. trades at 7.9× trailing earnings, close to its own five-year average of 8.1×. The Consumer Cyclical median in the September 2026 study was 19.5×. Forward P/E is 6.5×, lower than trailing, so analysts expect earnings to grow.
- **Price / sales: 0.5×**. Each dollar of revenue is priced at 0.5×, a low multiple typical of thin-margin businesses or out-of-favour stocks.
- **Price / book: 1.3×**. The shares trade at 1.3× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 4.6×**. Enterprise value is 4.6× operating earnings before depreciation, the multiple that ignores how the company is financed; below 8× is inexpensive for most sectors.
- **Free-cash-flow yield: 8.5%** (5-yr avg 9.7%). Free cash flow equals 8.5% of the market value, in line with its five-year average of 9.7%. Above 5% is generally attractive.
- **Earnings yield: 12.6%**. The inverse of the P/E: 12.6% of the price is earned each year.

## Profitability
- **Gross margin: 34.6%**. Academy Sports and Outdoors Inc. keeps 34.6% of revenue after the direct cost of what it sells.
- **Operating margin: 8.4%**. 8.4% of revenue is left after running the business.
- **Net margin: 6.2%**. 6.2% of each dollar of sales reaches the bottom line.
- **Return on equity: 17.4%**. 17.4% on shareholders' equity is solid.
- **Return on invested capital: 17.6%**. Return on all capital, debt included, is 17.6%: comfortably above what that capital costs.
- **Return on assets: 7.3%**. Each dollar of assets produces 7.3% of profit.

## Growth
- **Revenue growth (1 yr): 2.0%** (3-yr -1.8%/yr, 5-yr 1.2%/yr). Revenue grew 2.0% over the last year, against 1.2% a year compounded over five years: growth is accelerating.
- **EPS growth (1 yr): -3.3%** (3-yr -9.6%/yr, 5-yr 7.9%/yr). Earnings per share fell 3.3%, slower than revenue, so margins compressed.
- **Free-cash-flow growth (3 yr): -20.6%/yr**. Free cash flow has compounded at -20.6% a year over three years, lagging earnings: check whether profits are turning into cash.

## Financial health
- **Debt to equity: 0.22**. Debt is 0.22 times equity: a conservative balance sheet.
- **Net debt / EBITDA: 0.2×**. It would take 0.2 years of operating earnings to repay net borrowings, within the comfortable range.
- **Altman Z-score: 2.58**. A Z-score of 2.58 is in the grey zone; not distressed, not clearly safe.
- **Piotroski F-score: 6/9**. 6 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 1.34%** ($0.56 per share, trailing). Academy Sports and Outdoors Inc. yields 1.34%, a modest yield more typical of a growth-oriented payer.
- **Payout ratio: 9%** (15% of free cash flow). 9% of earnings goes out as dividends, leaving room to keep raising it.
- **Consecutive years of increases: 4**. 4 straight years of increases.

## Analyst view
- **Analyst consensus: buy** (19 analysts). 19 analysts cover Academy Sports and Outdoors Inc.; the consensus is buy, with an average price target of $59.95 (+33% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): -9.2%** (YTD -9.5%, 3-mo -12.9%). The shares are down 9.2% over twelve months including dividends.
- **From 52-week high: -28.0%** (8.8% above the low). Trading 28% below its 52-week high.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 46**. An RSI of 46 is neutral.
- **Beta (1 yr): 1.06** (volatility 42%). Beta of 1.06 against the S&P 500: the shares move roughly with the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=ASO · Page: https://foliofundamentals.com/stocks/aso

Not investment advice.