Latest Ratios: P/E Ratio -31.4x · EV/EBITDA 18.6x · ROE -2.3%. (2012–2025 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 | $411M | $389M | $447M | $489M | $789M | $835M | $710M | $479M | $466M | $350M | — |
| Enterprise Value | $491M | $468M | $518M | $556M | $856M | $853M | $740M | $533M | $449M | $344M | — |
| P/E Ratio → | -31.37 | — | — | — | 77.94 | 15.79 | — | — | — | — | — |
| P/S Ratio | 3.78 | 3.40 | 4.12 | 5.08 | 9.71 | 14.65 | 15.52 | 11.58 | 23.30 | 38.87 | — |
| P/B Ratio | 0.80 | 0.72 | 0.79 | 0.79 | 1.50 | 1.30 | 1.35 | 1.38 | 1.47 | 2.36 | — |
| P/FCF | — | — | — | — | — | — | — | 70.46 | — | — | — |
| P/OCF | 23.03 | 21.76 | 21.03 | 30.46 | — | 107.43 | 137.20 | 49.85 | 12170.44 | — | — |
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 | — | 4.10 | 4.79 | 5.78 | 10.54 | 14.97 | 16.18 | 12.88 | 22.44 | 38.11 | — |
| EV / EBITDA | 18.65 | 17.52 | 26.68 | 33.87 | 55.55 | — | 108.66 | 108.36 | — | — | — |
| EV / EBIT | — | — | 110.38 | — | 94.29 | 11.50 | — | — | — | — | — |
| EV / FCF | — | — | — | — | — | — | — | 78.36 | — | — | — |
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 | 86.9% | 86.9% | 68.3% | 66.9% | 67.1% | 67.4% | 59.5% | 57.4% | 62.1% | 61.9% | 67.1% |
| Operating Margin | -3.4% | -3.4% | -7.8% | -9.2% | -6.4% | -41.7% | -10.9% | -30.0% | -61.2% | -75.1% | -81.6% |
| Net Profit Margin | -10.9% | -10.9% | -1.2% | -7.3% | 12.6% | 92.6% | -0.1% | -3.6% | -45.5% | -71.8% | -82.5% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -2.3% | -2.3% | -0.2% | -1.2% | 1.8% | 9.0% | -0.0% | -0.4% | -3.9% | -6.1% | -7.4% |
| ROA | -1.7% | -1.7% | -0.2% | -1.0% | 1.4% | 7.3% | -0.0% | -0.4% | -3.8% | -5.9% | -7.1% |
| ROIC | -0.5% | -0.5% | -1.0% | -1.0% | -0.6% | -2.9% | -0.8% | -2.7% | -4.2% | -5.8% | -10.9% |
| ROCE | -0.6% | -0.6% | -1.2% | -1.3% | -0.8% | -3.5% | -1.0% | -3.4% | -5.2% | -6.4% | -7.3% |
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 | 0.20 | 0.20 | 0.18 | 0.14 | 0.18 | 0.14 | 0.14 | 0.20 | — | — | — |
| Debt / EBITDA | 4.06 | 4.06 | 5.14 | 5.41 | 6.03 | — | 11.01 | 14.25 | — | — | — |
| Net Debt / Equity | — | 0.15 | 0.13 | 0.11 | 0.13 | 0.03 | 0.06 | 0.15 | -0.05 | -0.05 | -0.48 |
| Net Debt / EBITDA | 2.99 | 2.99 | 3.69 | 4.08 | 4.38 | — | 4.41 | 10.92 | — | — | — |
| Debt / FCF | — | — | — | — | — | — | — | 7.89 | — | — | — |
| Interest Coverage | -6.89 | -6.89 | 2.94 | -6.97 | 7.52 | 77.54 | -1.88 | -3.89 | -5077.05 | -784.86 | -406.00 |
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 | 1.98 | 1.98 | 2.14 | 2.56 | 2.15 | 7.23 | 9.71 | 7.48 | 9.53 | 18.65 | 10.08 |
| Quick Ratio | 1.98 | 1.98 | 2.14 | 2.56 | 2.95 | 8.85 | 9.71 | 7.48 | 9.53 | 35.17 | 10.08 |
| Cash Ratio | 1.30 | 1.30 | 1.58 | 1.87 | 1.40 | 4.36 | 8.64 | 7.11 | 8.86 | 18.21 | 9.58 |
| Asset Turnover | — | 0.16 | 0.15 | 0.13 | 0.12 | 0.07 | 0.07 | 0.09 | 0.06 | 0.06 | 0.06 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | 51.13 | 42.20 | 46.74 | 27.08 | 28.84 | 194.12 | 40.98 | 82.00 | 44.37 | 74.35 |
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 | — | — | — | — | 1.3% | 6.3% | — | — | — | — | — |
| FCF Yield | — | — | — | — | — | — | — | 1.4% | — | — | — |
| Buyback Yield | 1.4% | 1.5% | 4.1% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — |
| Total Shareholder Yield | 1.4% | 1.5% | 4.1% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — |
| Shares Outstanding | — | $31M | $31M | $31M | $30M | $29M | $26M | $23M | $20M | $11M | $6M |
Includes 30+ ratios · 14 years · Updated daily
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Quick answers to the most common questions about buying BOC stock.
Boston Omaha Corporation's current P/E ratio is -31.4x. The historical average is 46.9x.
Boston Omaha Corporation's current EV/EBITDA is 18.6x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 33.4x.
Boston Omaha Corporation's return on equity (ROE) is -2.3%. The historical average is -1.8%.
Based on historical data, Boston Omaha Corporation is trading at a P/E of -31.4x. Compare with industry peers and growth rates for a complete picture.
Boston Omaha Corporation has 86.9% gross margin and -3.4% operating margin.
Boston Omaha Corporation's Debt/EBITDA ratio is 4.1x, indicating high leverage. A ratio above 4x may signal elevated financial risk.
Key Metrics
Top Statement Risk
Asset Liquidation Masking Operational Weakness
Metrics are mathematically derived from official filings.
Erosion of Gross Margins Fails to Stem Operating Losses
Boston Omaha's gross margin contracted from 87.6% in 2026Q1 to 72.1% in 2026Q2, yet operating margins remained negative at -2.7%, suggesting overhead costs are rigidly fixed and not adjusting to the changing revenue mix.
The volatile gross margin, which swung by over 15 percentage points in a single quarter, appears disconnected from the company's persistent negative operating income. This pattern implies that Boston Omaha lacks the scale to leverage its cost structure, as SG&A expenses continue to overwhelm gross profit contributions, leading to a nine-quarter streak of negative operating income reported through recent SEC filings.
Consistently Negative Returns Signal Capital Inefficiency
Over the past ten quarters, Boston Omaha's return on invested capital has been negative in every period except one, hitting -0.1% in 2026Q2 and indicating that the company is destroying value on deployed capital.
The persistently negative ROIC, coupled with a negative ROE of -0.3% in the latest quarter, suggests the business model is failing to generate adequate profits relative to its asset base. This trend, sustained over multiple years, warrants investigation into whether the company's core advertising operations can ever achieve the margins necessary to cover its cost of capital.
Current Ratio Collapse Signals Immediate Strain
According to the latest balance sheet, the current ratio plummeted from 1.86 in 2026Q1 to 0.71 in 2026Q2, marking the first time in the reported period that current liabilities exceeded current assets.
This severe liquidity deterioration coincides with the reported 88.5% asset reduction and a decline in cash to $13.3 million. The resulting sub-1.0 current ratio, paired with a quick ratio of 0.71, indicates the company may face challenges meeting near-term obligations without further asset sales or financing, a precarious position given its history of negative free cash flow.
Asset Liquidation Artificially Improves Leverage Metrics
While reported debt-to-equity is low at 0.00, the massive Q2 asset reduction may mask underlying leverage risk, as the EV/EBITDA multiple of 18.21 suggests the market still prices in significant enterprise value relative to earnings.
The apparent deleveraging is a direct result of the balance sheet contraction, not cash generation. With interest coverage positive only once in ten quarters, and with the company's cash flow heavily reliant on non-cash depreciation add-backs, the ability to service debt remains questionable. Investors should monitor whether this asset-light position is sustainable or merely a transitional phase.
P/B Ratio Misleads in Asset-Writing Business Model
The price-to-book ratio of 0.79 is often misapplied to Boston Omaha because it fails to account for the recurring impairment and liquidation of goodwill and fixed assets that systematically erode its equity base.
As seen in the 93.8% goodwill write-down and 98.9% net PPE reduction, book value is a moving target for this company. A more appropriate metric for evaluation would be price-to-sales (P/S), which at 3.56 provides a more stable revenue-based anchor, though it still must be weighed against the company's negative operating margins and contracting top line.