# Academy Sports and Outdoors Inc. (ASO) fundamentals

Data as of 2026-11-04. NASDAQ, United States. Sector: Consumer Cyclical / Specialty Retail. Price $60.86, market value $3.7 billion.

## Valuation
- **P/E (trailing): 10.2×** (5-yr avg 8.1×, 3-yr avg 9.4×). Academy Sports and Outdoors Inc. trades at 10.2× trailing earnings, well above its own five-year average of 8.1×: investors are paying up relative to the company's past. The Consumer Cyclical median in the September 2026 study was 19.5×. Forward P/E is 8.6×, lower than trailing, so analysts expect earnings to grow.
- **Price / sales: 0.6×**. Each dollar of revenue is priced at 0.6×, a low multiple typical of thin-margin businesses or out-of-favour stocks.
- **Price / book: 1.7×**. The shares trade at 1.7× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 5.5×**. Enterprise value is 5.5× operating earnings before depreciation, the multiple that ignores how the company is financed; below 8× is inexpensive for most sectors.
- **Free-cash-flow yield: 8.8%** (5-yr avg 9.7%). Free cash flow equals 8.8% of the market value, in line with its five-year average of 9.7%. Above 5% is generally attractive.
- **Earnings yield: 9.8%**. The inverse of the P/E: 9.8% of the price is earned each year.

## Profitability
- **Gross margin: 35.8%**. Academy Sports and Outdoors Inc. keeps 35.8% of revenue after the direct cost of what it sells.
- **Operating margin: 9.6%**. 9.6% 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: 20.1%**. Return on all capital, debt included, is 20.1%: comfortably above what that capital costs.
- **Return on assets: 7.5%**. Each dollar of assets produces 7.5% 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.
- **Current ratio: 1.89** (quick 1.89). Current assets cover the next year's liabilities 1.89 times.
- **Altman Z-score: 2.98**. A Z-score of 2.98 is in the grey zone; not distressed, not clearly safe.
- **Piotroski F-score: 7/9**. 7 of 9 fundamental checks pass: strong and improving financials.

## Dividends
- **Dividend yield: 0.99%** ($0.58 per share, trailing). Academy Sports and Outdoors Inc. yields 0.99%, a modest yield more typical of a growth-oriented payer.
- **Payout ratio: 9%** (11% 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** (18 analysts). 18 analysts cover Academy Sports and Outdoors Inc.; the consensus is buy, with an average price target of $60.89 (+0% 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): 30.2%** (YTD 24.5%, 3-mo 27.3%). The shares are up 30.2% over twelve months including dividends.
- **From 52-week high: -2.7%** (47.4% above the low). Trading within 5% of its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 69**. An RSI of 69 is neutral.
- **Beta (1 yr): 0.89** (volatility 44%). Beta of 0.89 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.