# The Cheesecake Factory Incorporated (CAKE) fundamentals

Data as of 2026-11-04. NASDAQ, United States. Sector: Consumer Cyclical / Hospitality & Leisure. Price $110.22, market value $5.5 billion.

## Valuation
- **P/E (trailing): 26.1×** (5-yr avg 23.1×, 3-yr avg 15.4×). The Cheesecake Factory Incorporated trades at 26.1× trailing earnings, close to its own five-year average of 23.1×. The Consumer Cyclical median in the September 2026 study was 19.5×. Forward P/E is 21.1×, lower than trailing, so analysts expect earnings to grow.
- **Price / sales: 1.4×**. Each dollar of revenue is priced at 1.4×.
- **Price / book: 9.6×**. The shares trade at 9.6× book value; most of the value is in earnings power and intangibles rather than the balance sheet.
- **EV / EBITDA: 16.5×**. Enterprise value is 16.5× operating earnings before depreciation, the multiple that ignores how the company is financed.
- **Free-cash-flow yield: 4.0%** (5-yr avg 5.5%). Free cash flow equals 4.0% of the market value, below its five-year average of 5.5%, so the shares are pricier on cash than usual.
- **Earnings yield: 3.8%**. The inverse of the P/E: 3.8% of the price is earned each year.

## Profitability
- **Operating margin: 6.0%**. 6.0% of revenue is left after running the business.
- **Net margin: 4.0%**. 4.0% of each dollar of sales reaches the bottom line.
- **Return on equity: 34.0%**. 34.0% on shareholders' equity is excellent if it is not driven by leverage; sustained above 20% usually signals a competitive advantage.
- **Return on invested capital: 22.4%**. Return on all capital, debt included, is 22.4%: comfortably above what that capital costs.
- **Return on assets: 6.4%**. Each dollar of assets produces 6.4% of profit.

## Growth
- **Revenue growth (1 yr): 4.7%** (3-yr 4.3%/yr, 5-yr 13.6%/yr). Revenue grew 4.7% over the last year, against 13.6% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): -4.4%** (3-yr 52.7%/yr). Earnings per share fell 4.4%, slower than revenue, so margins compressed.
- **Free-cash-flow growth (3 yr): 46.4%/yr**. Free cash flow has compounded at 46.4% a year over three years, lagging earnings: check whether profits are turning into cash.

## Financial health
- **Debt to equity: 1.44**. Debt is 1.44 times equity, a leveraged balance sheet that needs steady cash flow to service.
- **Net debt / EBITDA: 1.2×**. It would take 1.2 years of operating earnings to repay net borrowings, within the comfortable range.
- **Current ratio: 0.59** (quick 0.59). Current liabilities exceed current assets, so the company depends on ongoing cash generation or refinancing to pay the next year's bills.
- **Altman Z-score: 2.57**. A Z-score of 2.57 is in the grey zone; not distressed, not clearly safe.
- **Piotroski F-score: 5/9**. 5 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 1.09%** ($1.17 per share, trailing). The Cheesecake Factory Incorporated yields 1.09%, a modest yield more typical of a growth-oriented payer.
- **Payout ratio: 35%** (26% of free cash flow). 35% of earnings goes out as dividends, leaving room to keep raising it.
- **Consecutive years of increases: 4**. 4 straight years of increases.
- **Dividend growth (5 yr): 24.6%/yr** (1-yr 0.0%). The dividend has compounded at 24.6% a year over five years, doubling roughly every 3 years at that pace.

## Analyst view
- **Analyst consensus: hold** (15 analysts). 15 analysts cover The Cheesecake Factory Incorporated; the consensus is hold, with an average price target of $106.27 (-4% 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): 130.3%** (YTD 125.9%, 3-mo 7.7%). The shares are up 130.3% over twelve months including dividends.
- **From 52-week high: -7.1%** (155.9% above the low). Trading 7% below 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): 56**. An RSI of 56 is neutral.
- **Beta (1 yr): 0.51** (volatility 39%). Beta of 0.51 against the S&P 500: the shares move much less than the market.

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

Not investment advice.