PriceSmart, Inc. PSMT

Consumer StaplesDiversified RetailUnited States of America

Last close 166.77 USD on Nov 2, 2026, +37.1% year to date

Quant rating

Quant rating B Rank 49 of 124 in Consumer Staples

Growth A 10 of 124
Valuation D 103 of 124
Quality B 20 of 124
Revisions C 80 of 124
Momentum C 53 of 124

Wall Street consensus Buy (2.25)Average target 148.19 USD −11.1%

Historical valuation

Multiples use consensus estimates for the next twelve months. The dashed line is the 5-year average.

Key data

Market cap: 5.2B
Enterprise value: 5.0B
52-week range: 114.54 – 199.42
3-year range: 64.72 – 199.42
Dividend yield: 0.84%
Beta (5 years): 0.81
Shares outstanding: 30.9M
Next earnings: Jan 5, 2027

About the company

PriceSmart, Inc. owns and operates United States-style membership shopping warehouse clubs in Latin America and the Caribbean, selling merchandise and services. The Company operates approximately 57 warehouse clubs in 12 countries and one United States territory (10 in Colombia; nine in Costa Rica; seven each in Panama and Guatemala; six in Dominican Republic; four each in Trinidad and El Salvador; three in Honduras; two each in Nicaragua and Jamaica; and one each in Aruba, Barbados and the United States Virgin Islands). It offers merchandise and services in the following categories: consumables, fresh foods, hardlines, softlines, food service and bakery, and health services. Its consumables include primarily groceries, cleaning supplies, and health and beauty aids. Its fresh foods include meat, produce, deli, seafood and poultry. Its hardlines include electronics, large and small appliances, automotive, hardware, sporting goods, and seasonal products.

Growth and profitability fiscal year ends August 31

Growth and profitability by fiscal year
	2026	2025	2024	2023	2022	5Y avg
Revenue (mil)	5,270	4,914	4,412	4,066	3,620	–
Revenue growth	7.2%	11.4%	8.5%	12.3%	8.7%	9.6%
EPS (basic, normalized)	4.82	4.57	3.66	3.38	3.18	–
EPS growth	5.5%	24.9%	8.3%	6.3%	–	–
Gross margin	17.4%	17.2%	17.2%	16.8%	17.8%	17.3%
Net margin	2.7%	2.8%	2.4%	2.5%	2.7%	2.6%
ROE	12.5%	12.5%	10.4%	11.0%	11.2%	11.5%

Balance sheet, last quarter
Cash & short-term investments (mil)	332
Current ratio	1.24x
Long-term debt (mil)	103
Net debt (mil)	−163
Total equity (mil)	1,455
Net debt / equity	−0.11x
Net debt / EBITDA	−0.45x

Estimates and valuation

Consensus estimates and implied multiples
	Sales (mil)			EBITDA (mil)			EPS
Fiscal year	Mean est.	Growth	EV/Sales	Mean est.	Growth	EV/EBITDA	Mean est.	Growth	P/E
2026 actual	5,270	+7.2%	1.0x	361	+12.5%	13.9x	5.40	+12.0%	30.9x
2027	6,503	+23.4%	0.8x	392	+8.8%	12.8x	5.91	+9.4%	28.2x
2028	7,117	+9.4%	0.7x	433	+10.3%	11.6x	6.62	+12.0%	25.2x
2029	7,773	+9.2%	0.6x	484	+11.8%	10.4x	7.60	+14.8%	21.9x

Estimate revisions

Change in consensus estimates over 1, 3 and 6 months
	Sales				EPS
Fiscal year	Estimate (mil)	1M	3M	6M	Estimate	1M	3M	6M
2027	6,503	0.0%	+0.6%	+0.9%	5.91	−6.7%	−7.9%	−16.2%
2028	7,117	−1.4%	−0.5%	−0.5%	6.62	−11.1%	−20.1%	−20.1%
2029	7,773	−2.2%	−2.2%	−2.2%	7.60	−20.6%	−20.6%	−20.6%

Earnings surprises EPS beat in 2 of the last 4 quarters

Reported results versus consensus, last 10 fiscal quarters
Quarter ended	Feb 2024	May 2024	Aug 2024	Nov 2024	Feb 2025	May 2025	Aug 2025	Nov 2025	Feb 2026	May 2026
Sales reported (mil)	1,292	1,229	1,226	1,258	1,364	1,317	1,331	1,383	1,496	1,482
Sales mean (mil)	1,278	1,207	1,217	1,239	1,359	1,310	1,330	1,352	1,475	1,433
Surprise	+1.1%	+1.9%	+0.7%	+1.5%	+0.3%	+0.5%	+0.1%	+2.3%	+1.4%	+3.4%
EPS reported	1.31	1.08	0.94	1.21	1.45	1.14	1.02	1.29	1.62	1.28
EPS mean	1.25	1.01	1.03	1.31	1.40	1.12	1.06	1.35	1.54	1.19
Surprise	+5.2%	+7.3%	−9.0%	−7.4%	+3.6%	+2.1%	−3.8%	−4.7%	+4.9%	+7.6%

Peer comparison Diversified Retail

Peers in the same industry group, by market capitalization
Company	Market cap	Net debt/EBITDA	Net margin	P/B	FY1 P/E	FY2 P/E	FY1 EV/EBITDA	FY2 EV/EBITDA
PSMT PriceSmart, Inc.	5.2B	−0.45x	2.7%	3.54x	28.2x	25.2x	12.8x	11.6x
COST Costco Wholesale Corp	461.1B	−1.05x	3.0%	12.88x	45.6x	41.6x	27.7x	25.4x
TGT Target Corp	72.0B	1.26x	3.5%	4.03x	15.1x	16.6x	8.4x	8.9x
WMMVY Wal Mart de Mexico SAB de CV	46.0B	0.59x	4.9%	3.47x	16.7x	15.7x	8.3x	7.8x
DG Dollar General Corp	30.0B	0.92x	3.5%	3.22x	17.2x	16.3x	9.2x	8.8x
DLTR Dollar Tree Inc	26.0B	0.81x	6.3%	7.59x	17.5x	17.6x	10.0x	10.0x
Mean		0.34x	4.0%	5.79x	23.4x	22.2x	12.7x	12.1x
Median		0.70x	3.5%	3.78x	17.3x	17.1x	9.6x	9.4x

Technical analysis

1M−2.3%
3M−13.7%
1Y+46.3%
3Y+163.1%

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, PriceSmart, Inc., fiscal years, most recent first
	2026	2025	2024	2023	2022	2021
Total revenue	5,270	4,914	4,412	4,066	3,620	3,329
Cost of revenue	4,356	4,067	3,653	3,385	2,975	2,775
Gross profit	914	847	759	681	645	554
Selling, general & administrative expenses	679	624	553	513	485	431
Research & development	–	–	–	–	–	–
Interest expense (income), operating	–	–	–	–	–	–
Unusual expense (income)	2.5	2.2	21.3	1.3	1.0	0.4
Other operating expenses	0	0	0	0	0	0
Operating income	233	221	185	167	158	122
Net interest income (expense)	−1.4	−1.9	−1.1	−7.4	−5.2	−5.6
Gain (loss) on sale of assets	–	–	–	–	–	–
Other non-operating income (expense)	−24.6	−17.6	−14.2	−3.2	−5.6	−0.8
Net income before taxes	206	201	169	156	147	116
Provision for taxes	58.6	62.6	60.0	51.9	49.0	37.8
Minority interest	–	0	0	0	−0.2	−0.1
Equity in affiliates	0	0.1	−0.1	0	−0.1	−0.1
U.S. GAAP adjustment	–	–	–	–	–	–
Net income before extraordinary items	148	139	109	105	98.0	78.1
Extraordinary items	–	–	–	–	–	–
Net income	148	139	109	105	98.0	78.1
EBIT, normalized	235	223	211	168	159	123
EBITDA, normalized	323	306	284	236	224	184
Basic EPS, normalized	4.82	4.57	3.66	3.38	3.18	–

Balance sheet in millions of USD, fiscal years

Balance sheet, PriceSmart, Inc., fiscal years, most recent first
	2026	2025	2024	2023	2022	2021
Assets
Cash & short-term investments	314	226	331	249	252	346
Receivables	50.0	42.3	38.4	29.4	27.0	25.8
Total inventory	561	529	471	464	390	310
Prepaid expenses	38.5	34.5	33.3	25.2	24.5	17.5
Other current assets	11.1	1.4	2.9	5.8	3.6	0.2
Total current assets	974	832	877	774	697	699
Property, plant & equipment	1,110	1,033	965	869	854	812
Goodwill	43.2	43.2	43.1	43.3	45.1	45.2
Intangibles	–	–	–	0.8	7.8	10.2
Long-term investments	6.9	6.9	10.5	10.5	10.5	10.6
Note receivable	51.6	54.5	55.2	52.4	47.3	46.0
Other long-term assets	83.2	53.2	55.1	58.7	44.0	34.1
Total assets	2,269	2,023	2,006	1,808	1,706	1,657
Liabilities
Accounts payable	507	486	453	408	389	373
Payable/accrued	–	–	–	–	–	–
Accrued expenses	117	104	108	90.2	90.2	79.3
Short-term debt	12.3	8.0	8.7	10.6	0	65.1
Current portion of long-term debt	38.7	35.9	20.2	33.7	19.4	19.4
Other current liabilities	50.9	45.8	44.0	36.6	35.2	31.3
Total current liabilities	726	680	634	579	534	568
Long-term debt	148	94.4	119	104	110	113
Minority interest	–	–	–	0	0.9	1.0
Other liabilities	148	125	145	134	146	143
Total liabilities	1,022	900	899	817	790	825
Shareholders' equity
Preferred stock	–	–	–	–	–	–
Common stock	0	0	0	0	0	0
Additional paid-in capital	529	515	497	481	465	443
Retained earnings (accumulated deficit)	999	890	818	737	659	582
Treasury stock	−120	−117	−44.0	−31.6	−26.1	−28.4
Other equity	−161	−165	−164	−196	−183	−165
Total equity	1,247	1,123	1,107	991	915	832
Total liabilities & shareholders' equity	2,269	2,023	2,006	1,808	1,706	1,657

Cash flow statement in millions of USD, fiscal years

Cash flow statement, PriceSmart, Inc., fiscal years, most recent first
	2026	2025	2024	2023	2022	2021
Operating activities
Net income	148	139	109	105	98.2	78.2
Depreciation, depletion & amortization	88.2	82.6	72.7	67.9	65.0	61.2
Deferred taxes	−4.4	−4.6	−5.6	−3.3	−3.9	−3.4
Non-cash items	21.2	19.4	30.2	18.1	19.5	14.4
Changes in working capital	8.4	−28.7	50.8	−65.4	−51.6	109
Cash from operations	261	208	257	122	127	259
Investing activities
Capital expenditures	−158	−169	−143	−121	−113	−100
Other investing cash flows	29.3	−6.9	−79.6	45.9	−3.5	−30.9
Cash from investing	−129	−175	−222	−74.8	−117	−131
Financing activities
Financing cash flow items	–	–	0	0	−0.7	−0.2
Cash dividends paid	−38.7	−66.2	−28.5	−26.6	−21.5	−21.4
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	52.9	−83.9	−12.5	14.4	−73.0	97.2
Cash from financing	14.2	−150	−41.1	−12.2	−95.1	75.6
Foreign exchange effects	2.4	2.0	6.6	1.0	−3.6	−6.1
Net change in cash	149	−116	0.8	35.9	−88.3	198
Free cash flow	103	39.0	115	1.2	14.0	159

Disclaimer

The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.

This report is generated using a fully systematic and quantitative approach. All factor scores and the overall quant rating (ranging from D to A+) are derived from algorithmic models and are based solely on objective financial metrics. These scores are intended for informational purposes only and should not be interpreted as investment advice or a recommendation to buy, sell, or hold any securities.

QDD Research is not a registered investment advisor or broker-dealer and does not provide personalized financial advice. The content is not tailored to the specific investment goals, financial situation, or risk profile of any individual investor. We strongly encourage readers to consult with a licensed broker or investment advisor before making any investment decisions based on the information contained in this report.

Live quote provided by TradingView. Report data updated Nov 2, 2026 after market close.