Latest Ratios: P/E Ratio 0.4x · EV/EBITDA 2.8x · ROE N/A. (1996–2025 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 | $48M | $191M | $47M | $53M | $187M | $161M | $28M | $30M | $13M | $28M | $10M |
| Enterprise Value | $138M | $280M | $167M | $175M | $290M | $235M | $109M | $138M | $19M | $28M | $9M |
| P/E Ratio → | 0.38 | 1.53 | — | — | — | — | — | — | — | — | — |
| P/S Ratio | 0.35 | 1.41 | 0.38 | 0.37 | 0.85 | 0.85 | 0.22 | 0.56 | 2.20 | 368.16 | — |
| P/B Ratio | — | — | — | — | — | — | — | — | 1.71 | 9.50 | 12.88 |
| P/FCF | 1.61 | 6.43 | — | — | — | — | — | — | — | — | — |
| P/OCF | 1.22 | 4.86 | — | — | — | — | — | — | — | — | — |
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 | — | 2.08 | 1.32 | 1.22 | 1.31 | 1.24 | 0.85 | 2.59 | 3.36 | 360.12 | — |
| EV / EBITDA | 2.77 | 5.64 | 9.50 | — | — | — | — | — | — | — | — |
| EV / EBIT | 3.37 | 6.87 | 23.00 | — | — | — | — | — | — | — | — |
| EV / FCF | — | 9.45 | — | — | — | — | — | — | — | — | — |
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 | 50.7% | 50.7% | 44.3% | 38.5% | 39.8% | 41.6% | 19.5% | 11.3% | -34.1% | -1965.9% | — |
| Operating Margin | 30.3% | 30.3% | 6.2% | -12.2% | -25.3% | -44.6% | -55.4% | -76.5% | -245.8% | -8246.4% | — |
| Net Profit Margin | 92.6% | 92.6% | -80.0% | -38.7% | -32.1% | -47.6% | -69.7% | -72.2% | -457.3% | -8162.0% | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | — | — | — | — | — | — | — | — | -505.6% | -334.6% | -152.4% |
| ROA | 109.1% | 109.1% | -66.0% | -28.3% | -37.5% | -46.3% | -43.4% | -32.9% | -119.2% | -160.0% | -120.2% |
| ROIC | 82.8% | 82.8% | 22.6% | -23.0% | -114.7% | -124.4% | -70.5% | -71.7% | -129.1% | -375.1% | -189.8% |
| ROCE | 91.0% | 91.0% | — | — | -248.8% | -102.6% | -65.6% | -65.4% | -130.6% | -179.0% | -136.2% |
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 | — | — | — | — | — | — | — | — | 1.23 | — | — |
| Debt / EBITDA | 2.01 | 2.01 | 7.04 | — | — | — | — | — | — | — | — |
| Net Debt / Equity | — | — | — | — | — | — | — | — | 0.90 | -0.21 | -0.77 |
| Net Debt / EBITDA | 1.81 | 1.81 | 6.80 | — | — | — | — | — | — | — | — |
| Debt / FCF | — | 3.03 | — | — | — | — | — | — | — | — | — |
| Interest Coverage | 3.59 | 3.59 | 0.49 | -0.94 | -4.83 | -7.76 | -4.40 | -4.55 | -9.86 | — | — |
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 | 2.10 | 2.10 | 0.33 | 0.38 | 0.36 | 0.67 | 0.69 | 0.51 | 0.44 | 9.27 | 2.08 |
| Quick Ratio | 2.10 | 2.10 | 0.33 | 0.38 | 0.36 | 0.67 | 0.69 | 0.51 | 0.44 | 9.27 | 2.08 |
| Cash Ratio | 0.61 | 0.61 | 0.04 | 0.04 | 0.06 | 0.08 | 0.08 | 0.11 | 0.11 | 1.49 | 1.73 |
| Asset Turnover | — | 1.20 | 1.08 | 0.76 | 1.08 | 1.09 | 0.60 | 0.27 | 0.15 | 0.01 | — |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | 60.29 | 90.63 | 81.01 | 57.70 | 44.03 | 49.30 | 116.24 | 399.56 | 252.21 | — |
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 | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 100.0% | 65.5% | — | — | — | — | — | — | — | — | — |
| FCF Yield | 62.0% | 15.6% | — | — | — | — | — | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.9% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.9% | 0.0% | 0.0% | 0.0% |
| Shares Outstanding | — | $48M | $35M | $22M | $18M | $11M | $2M | $2M | $1M | $678153 | $430808 |
Liquidity and licensing instability
As reported in financial statements, AREN trades at a P/S ratio of 0.35 and a P/FCF of 1.61, suggesting that the market is pricing the company as a distressed asset rather than a growth-oriented digital platform, likely due to persistent concerns regarding long-term viability.
The extremely low valuation multiples appear to reflect deep skepticism regarding the company's ability to maintain its current revenue base. Investors should monitor whether these depressed levels represent a value opportunity or a rational response to the high probability of further equity dilution and operational contraction.
Based on reported figures, ROIC has fluctuated wildly from a peak of 29.9% in 2025Q2 to a negative 0.3% in 2026Q1, indicating that the company has struggled to consistently generate positive returns on its invested capital throughout its recent consolidation and restructuring efforts.
The inability to maintain positive ROIC suggests that the company's strategy of acquiring legacy media assets has not yet yielded the expected synergies. This volatility warrants further investigation into whether the underlying platform model can ever achieve the scale necessary to overcome the high costs of content production.
According to recent SEC filings, the company's DSO has oscillated between 73 and 103 days over the last ten quarters, revealing significant inconsistencies in the speed at which the business converts its digital advertising inventory into actual cash receipts from its diverse client base.
The erratic nature of the cash conversion cycle suggests that the company lacks the leverage to enforce favorable payment terms with its advertising partners. This inefficiency likely exacerbates the company's liquidity constraints, as cash remains tied up in receivables for extended periods during revenue downturns.
As reported in financial statements, the company's D/EBITDA ratio has reached as high as 60.99 in 2026Q1, signaling that the current debt load is becoming increasingly difficult to service relative to the company's ability to generate operating earnings from its core digital and print segments.
The high leverage ratio, combined with negative interest coverage in recent periods, suggests that the company is highly vulnerable to any further tightening of credit conditions. Investors should monitor the company's ability to refinance its obligations, as the current capital structure appears unsustainable without significant operational improvement.
Based on reported figures, the 92.61% net margin observed in 2025Q2 is a commonly misapplied metric that obscures the company's true earning power, as it is driven by non-recurring accounting gains rather than sustainable operational performance within the digital media publishing business model.
Analysts should prioritize adjusted EBITDA or cash flow from operations over net income to avoid being misled by one-time accounting events. Relying on headline net margins for this business model likely leads to a significant overestimation of the company's ability to generate recurring, high-quality earnings.
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying AREN stock.
The Arena Group Holdings, Inc.'s current P/E ratio is 0.4x. The historical average is 2.4x.
The Arena Group Holdings, Inc.'s current EV/EBITDA is 2.8x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 7.6x.
Based on historical data, The Arena Group Holdings, Inc. is trading at a P/E of 0.4x. Compare with industry peers and growth rates for a complete picture.
The Arena Group Holdings, Inc. has 50.7% gross margin and 30.3% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
The Arena Group Holdings, Inc.'s Debt/EBITDA ratio is 2.0x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.