Latest Ratios: P/E Ratio -2.3x · EV/EBITDA 26.4x · ROE N/A. (2008–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $1.6B | $800M | $1.3B | $1.0B | $5.3B | $31.0B | $563M | $852M | $1.8B | $2.2B | $3.8B |
| Enterprise Value | $9.4B | $8.5B | $9.0B | $9.3B | $14.7B | $40.1B | $11.6B | $10.9B | $7.0B | $7.0B | $4.2B |
| P/E Ratio → | -2.33 | — | — | — | — | — | — | — | 16.44 | — | 33.75 |
| P/S Ratio | 0.34 | 0.17 | 0.29 | 0.21 | 1.36 | 12.25 | 0.45 | 0.16 | 0.33 | 0.43 | 1.17 |
| P/B Ratio | — | — | — | — | — | — | — | 0.70 | 1.30 | 1.04 | 1.87 |
| P/FCF | — | — | — | — | — | — | — | 17.35 | — | — | 377.06 |
| P/OCF | — | — | — | — | — | — | — | 1.47 | 3.46 | 4.08 | 8.73 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.75 | 1.93 | 1.93 | 3.76 | 15.87 | 9.37 | 2.00 | 1.27 | 1.38 | 1.31 |
| EV / EBITDA | 26.42 | 24.04 | 37.34 | 31.94 | — | — | — | 18.67 | 8.67 | 10.92 | 8.68 |
| EV / EBIT | 230.88 | — | 96.24 | 515.78 | — | — | — | 64.66 | 14.93 | — | 15.63 |
| EV / FCF | — | — | — | — | — | — | — | 222.81 | — | — | 423.90 |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 67.0% | 67.0% | 66.7% | 66.6% | 67.3% | 70.5% | 66.9% | 63.8% | 63.7% | 63.5% | 61.9% |
| Operating Margin | 0.8% | 0.8% | -1.7% | -1.5% | -13.4% | -36.8% | -330.2% | 2.5% | 4.9% | 2.0% | 6.8% |
| Net Profit Margin | -13.0% | -13.0% | -7.6% | -8.2% | -24.9% | -50.2% | -369.4% | -2.7% | 2.0% | -9.6% | 3.6% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | — | — | — | — | — | — | — | -11.4% | 6.3% | -23.6% | 6.5% |
| ROA | -7.8% | -7.8% | -4.1% | -4.4% | -9.8% | -12.0% | -38.3% | -1.3% | 1.1% | -5.3% | 1.7% |
| ROIC | 0.5% | 0.5% | -1.0% | -0.8% | -5.5% | -9.0% | -31.5% | 1.1% | 3.0% | 1.6% | 8.4% |
| ROCE | 0.6% | 0.6% | -1.1% | -1.0% | -6.3% | -10.5% | -40.1% | 1.4% | 3.2% | 1.3% | 3.7% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | — | — | — | — | — | — | — | 8.53 | 3.91 | 2.42 | 0.34 |
| Debt / EBITDA | 22.99 | 22.99 | 34.46 | 31.45 | — | — | — | 17.67 | 6.80 | 7.98 | 1.38 |
| Net Debt / Equity | — | — | — | — | — | — | — | 8.31 | 3.68 | 2.27 | 0.23 |
| Net Debt / EBITDA | 21.78 | 21.78 | 31.83 | 28.41 | — | — | — | 17.21 | 6.41 | 7.49 | 0.96 |
| Debt / FCF | — | — | — | — | — | — | — | 205.46 | — | — | 46.83 |
| Interest Coverage | -0.18 | -0.18 | 0.21 | 0.04 | -1.56 | -1.79 | -11.69 | 0.50 | — | — | 2.23 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.41 | 0.41 | 0.54 | 0.74 | 0.53 | 1.05 | 0.31 | 0.35 | 0.59 | 0.62 | 0.57 |
| Quick Ratio | 0.41 | 0.41 | 0.51 | 0.71 | 0.51 | 1.03 | 0.30 | 0.33 | 0.56 | 0.59 | 0.55 |
| Cash Ratio | 0.24 | 0.24 | 0.36 | 0.54 | 0.37 | 0.89 | 0.20 | 0.14 | 0.24 | 0.22 | 0.17 |
| Asset Turnover | — | 0.60 | 0.56 | 0.53 | 0.43 | 0.23 | 0.12 | 0.40 | 0.58 | 0.52 | 0.38 |
| Inventory Turnover | — | — | 30.17 | 40.67 | 35.17 | 23.82 | 19.32 | 52.74 | 56.28 | 54.60 | 42.41 |
| Days Sales Outstanding | — | 11.84 | 13.34 | 15.56 | 15.64 | 24.60 | 29.08 | 17.74 | 19.00 | 21.41 | 25.09 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | 0.0% | — | 1.2% | 9.9% | 14.3% | 4.8% | 2.1% |
| Payout Ratio | — | — | — | — | — | — | — | — | 234.4% | — | 68.7% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | — | — | — | 6.1% | — | 3.0% |
| FCF Yield | — | — | — | — | — | — | — | 5.8% | — | — | 0.3% |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 24.6% | 1.5% | 0.0% |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 1.2% | 9.9% | 38.9% | 6.3% | 2.1% |
| Shares Outstanding | — | $513M | $333M | $168M | $131M | $114M | $27M | $12M | $15M | $15M | $11M |
Includes 30+ ratios · 18 years · Updated daily
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Quick answers to the most common questions about buying AMC stock.
AMC Entertainment Holdings, Inc.'s current P/E ratio is -2.3x. The historical average is 25.3x.
AMC Entertainment Holdings, Inc.'s current EV/EBITDA is 26.4x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 16.2x.
Based on historical data, AMC Entertainment Holdings, Inc. is trading at a P/E of -2.3x. Compare with industry peers and growth rates for a complete picture.
AMC Entertainment Holdings, Inc. has 67.0% gross margin and 0.8% operating margin.
AMC Entertainment Holdings, Inc.'s Debt/EBITDA ratio is 23.0x, indicating high leverage. A ratio above 4x may signal elevated financial risk.
Key Metrics
Top Statement Risk
Debt overhang and negative equity
Metrics are mathematically derived from official filings.
Margin Stability Masks Net Losses
Gross margin held between 65.1% and 69.6% over ten quarters, per reported financials, yet net margin remained negative in nine of ten quarters, indicating persistent non-operating costs.
The stability of gross margin suggests the core exhibition business retains pricing power, but operating margin swung from -16.5% to +14.9%, reflecting high fixed costs and revenue volatility. Net margin never turned positive in the dataset, implying interest and other non-operating charges consistently erode operating gains. Investors should monitor whether operating leverage can overcome the fixed cost base and debt service burden.
Return on Capital Remains Elusive
ROIC fluctuated between -1.8% and 3.2% over the last ten quarters, per reported figures, with 2026Q2 at 3.2%, still below the cost of capital.
Despite a strong 2026Q2 operating profit, ROIC remains low and volatile, indicating that the company is not consistently generating returns above its capital costs. The negative equity position complicates ROE analysis, but the trend in ROIC suggests value destruction in most quarters. The improvement in 2026Q2 may signal a turning point, but sustained positive returns are needed to justify the current capital structure.
Working Capital Efficiency Shows Strain
Current ratio improved to 0.55 in 2026Q2 from 0.35 in 2026Q1, per balance sheet data, but remains below 1.0, indicating potential liquidity pressure.
The quick ratio equals the current ratio, suggesting minimal inventory dependence, but the sub-1.0 levels imply that current liabilities exceed current assets. DSO has ranged from 7 to 17 days, reflecting a cash-based business, while DPO has varied widely, indicating timing of payables. The negative CCC in 2024Q4 suggests temporary favorable working capital terms, but the overall trend points to tight liquidity.
Debt Service Remains Precarious
D/EBITDA spiked to 722.6x in 2025Q3 and 254.96x in 2026Q1, per reported figures, while interest coverage turned negative in several quarters.
The extreme D/EBITDA multiples reflect depressed EBITDA in weak quarters, but even in 2026Q2, D/EBITDA of 28.02x remains elevated. Interest coverage of 2.02x in 2026Q2 is the only quarter above 1.0, indicating that operating income barely covers interest expense. The debt load of $7.7B against negative equity suggests refinancing risk and limited financial flexibility.
Liquidity Buffer Remains Thin
Cash of $778.4M in 2026Q2, per recent filings, covers only a fraction of total debt of $7.7B, with current ratio at 0.55.
The current ratio improved from 0.35 to 0.55, but still indicates that current liabilities exceed current assets by a significant margin. Under stress, the company may struggle to meet short-term obligations without external financing. The negative equity and high leverage suggest that liquidity is dependent on continued access to capital markets, which may be constrained.
EV/EBITDA Misleads in Cyclical Downturns
EV/EBITDA of 25.77x TTM, per valuation data, appears high, but forward EV/EBITDA of 6.26x suggests market expectations of recovery, obscuring volatility.
The wide gap between trailing and forward EV/EBITDA highlights the cyclicality of AMC's earnings, making the metric unreliable for valuation. In quarters with depressed EBITDA, the multiple becomes meaningless, as seen in 2025Q3 when D/EBITDA exceeded 700x. Investors should use a normalized EBITDA or a multi-year average to assess valuation, and also consider the negative equity and debt load.