Obermatt

Flags

Financial distress

European Wax Center

NSQ:EWCZ · US29882P1066
Diversified Consumer ServicesSmall

360

53
Medium confidence — indicative
EV / EBIT72
Price / Owner Earnings46
Owner Earnings Yield77
Dividend Yield1
Price/Sales48
EV / Gross Profit44
Price/Book41
Return on Capital57
Cash Return on Capital66
Return on Equity69
EBIT Margin93
Gross Profitability43
Cash Conversion84
Accruals74
Owner Earnings Margin87
Sales growth17
Profit Growth19
Long-Term EPS Growth29
Owner Earnings Growth63
Reinvestment88
Price momentum96
Debt load40
Refinancing84
Debt Payback26
Liquidity49
Analyst ratings21
Expectations trend5
Market mood56
Value Creation8/20creating some value
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

European Wax Center clears its cost of capital, but the record is mixed across the five tests. Real value creation, just not yet consistent.

Profile

CountryUSA
IndustryDiversified Consumer Services
SizeSmall
TypePrivate Company
ExchangeNASDAQGS
Founded2021
Employees3,918
ISINUS29882P1066
Last UpdateApr 2, 2026
Themes
LifestyleBeautyCosmetics

Description

European Wax Center, Inc. operates as a franchisor and operator of out-of-home (OOH) waxing services in the United States. The company delivered approximately 23 million waxing services in both 2025 and 2024. Throughout the highly franchised network…

Analysis

Quality compounder

European Wax Center, Inc. earns the quality_compounder label: good underlying economics priced fairly, with no obvious bargain or excess.

On valuation, the picture is attractive. The owner-earnings multiple stands at 9.2×; owner earnings: the cash an owner could take out each year.

Growth is moderate; the safety picture is stretched. The company scores 8/20 on our value-creation score: creating some value.

No flags apply to this company at this time: accounts, balance sheet, and cash quality all pass. A clean bill of health is meaningful, not just the absence of a warning. This analysis describes numbers; it is not investment advice.

360° rank · history

1007550250
70
2023202420252026

All-time high

70

Mar 2026

All-time low

22

Jan 2024

Average rank

40

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
48
33
13
7
Price/Earnings
81
53
25
25
Price/Book
41
39
28
58
Dividend Yield
1
1
1
1
Value (overall)
45
21
8
13

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →