CarMax (KMX) Financial Ratios: P/E, ROE & More

CarMax (KMX) Financial Ratios

For fiscal 2026 (fiscal year ended Feb 28, 2026), CarMax had a P/E ratio of 24.75 (down from 25.49), return on equity of 4.1% (down from 8.1%), debt-to-equity of 3.18 (up from 3.11) and a current ratio of 2.20 (down from 2.31). A current ratio of 2.20 means current assets exceed current liabilities.

CarMax Financial Ratios Analysis

Valuation, profitability, leverage, and liquidity ratios

Income Statement Balance Sheet Cash Flow Ratios

Scroll to see more

Breakdown	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period ending	Feb 2026	Feb 2025	Feb 2024	Feb 2023	Feb 2022	Feb 2021
Valuation Ratios
P/E Ratio	24.75	25.49	26.03	22.51	15.35	26.44
Forward P/E	18.32	21.46	24.01	26.46	15.50	21.03
P/S Ratio	0.22	0.45	0.44	0.35	0.53	1.03
P/B Ratio	1.04	2.04	2.05	1.94	3.38	4.47
Price/Tangible Book	1.04	2.09	2.10	1.99	3.47	4.52
Price/FCF	4.92	81.54	-	12.68	-	38.75
Price/OCF	3.43	20.44	27.20	8.50	-	29.20
PEG Ratio	2.59	1.35	1.31	3.00	0.98	2.04
Enterprise Value Ratios
EV/Revenue	0.86	1.13	1.12	0.94	1.09	1.82
EV/EBITDA	23.09	29.44	33.27	28.81	19.91	47.63
EV/EBIT	34.63	40.45	45.84	39.03	23.42	71.64
EV/FCF	19.28	203.90	-	33.92	-	68.38
Profitability & Returns
Return on Equity (ROE)	4.08%	8.13%	8.20%	8.94%	23.99%	18.37%
Return on Assets (ROA)	1.61%	1.81%	1.61%	1.78%	4.05%	1.74%
Return on Invested Capital (ROIC)	1.79%	2.34%	2.08%	2.33%	5.39%	1.85%
Return on Capital Employed (ROCE)	2.90%	3.10%	2.80%	3.10%	6.40%	2.44%
Leverage & Solvency Ratios
Debt/Equity	3.18	3.11	3.22	3.41	3.71	3.45
Debt/EBITDA	13.95	14.19	16.00	14.93	9.46	21.49
Debt/FCF	15.08	124.13	-	22.21	-	30.86
Liquidity Ratios
Current Ratio	2.20	2.31	2.26	2.60	3.20	2.42
Quick Ratio	0.14	0.20	0.34	0.32	0.32	0.22
Efficiency Ratios
Asset Turnover	1.03	1.03	1.06	1.19	1.39	0.89
Inventory Turnover	5.72	6.16	6.43	6.08	6.91	5.52
Yield & Distribution Ratios
Earnings Yield	4.04%	3.92%	3.84%	4.44%	6.51%	3.78%
FCF Yield	20.30%	1.23%	-0.05%	7.89%	-16.17%	2.58%
Buyback Yield	5.41%	1.67%	0.67%	3.27%	-0.03%	1.01%
Total Return	-	-	-	-	-	1.01%

Source: Company financial statements from annual and quarterly filings. Data as of Aug 31, 2026. Data sources and methodology

Frequently Asked Questions About CarMax Financial Ratios

What is CarMax's P/E ratio?

CarMax's P/E ratio was 24.75 for fiscal 2026 (period ended Feb 28, 2026). It was 25.49 a year earlier.

What is CarMax's return on equity?

CarMax's return on equity (ROE) was 4.1% for fiscal 2026 (period ended Feb 28, 2026). It was 8.1% a year earlier.

What is CarMax's debt-to-equity ratio?

CarMax's debt-to-equity ratio was 3.18 for fiscal 2026 (period ended Feb 28, 2026). It was 3.11 a year earlier.

What is return on equity (ROE)?

Return on equity is net income divided by shareholders' equity. It measures how much profit a company generates from the capital its shareholders have invested. Full definition