Latest Ratios: P/E Ratio -33.5x · EV/EBITDA 18.2x · 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 | $408M | $389M | $447M | $489M | $789M | $835M | $710M | $479M | $466M | $350M | — |
| Enterprise Value | $488M | $468M | $518M | $556M | $856M | $853M | $740M | $533M | $449M | $344M | — |
| P/E Ratio → | -33.52 | — | — | — | 77.94 | 15.79 | — | — | — | — | — |
| P/S Ratio | 3.56 | 3.40 | 4.12 | 5.08 | 9.71 | 14.65 | 15.52 | 11.58 | 23.30 | 38.87 | — |
| P/B Ratio | 0.79 | 0.72 | 0.79 | 0.79 | 1.50 | 1.30 | 1.35 | 1.38 | 1.47 | 2.36 | — |
| P/FCF | — | — | — | — | — | — | — | 70.46 | — | — | — |
| P/OCF | 22.83 | 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 | 18.24 | 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 |
Capital Intensive Infrastructure Build
Based on current market data, Boston Omaha trades at an EV/EBITDA of 18.42, a multiple that appears to struggle with the company's disparate growth profiles across billboard, broadband, and surety insurance segments, potentially masking the underlying long-term value of its rural infrastructure assets.
The negative P/E ratio of -33.92 reflects the company's current lack of bottom-line profitability, which is largely a function of aggressive reinvestment rather than operational failure. Investors should monitor whether the forward EV/EBITDA of 10.41 suggests a market expectation for margin expansion as the fiber-to-the-home network reaches critical mass.
As reported in financial statements, Boston Omaha's ROIC has remained consistently negative, hovering around -0.3% in 2026Q1, which indicates that the company's current capital allocation strategy is failing to generate a positive return on the significant funds deployed into its infrastructure-heavy business units.
The persistent negative ROIC suggests that the company is in a deep investment phase where the cost of capital deployment currently exceeds the incremental returns from new subscribers or billboard faces. This trend warrants further investigation into whether the company can eventually achieve a positive spread once the broadband rollout matures and capital expenditure requirements normalize.
According to recent SEC filings, Boston Omaha's asset turnover ratio has remained remarkably low at 0.04, highlighting the capital-intensive nature of its billboard and broadband assets which require substantial upfront investment before generating meaningful revenue relative to the total asset base.
The high DPO of 338 days suggests that the company may be leveraging its supplier relationships to manage cash outflows, though this is insufficient to offset the broader inefficiencies in its asset utilization. Investors should monitor if the company can improve its asset turnover as the fiber network penetration increases and the billboard occupancy rates stabilize.
Based on quarterly balance sheet data, Boston Omaha maintains a current ratio of 1.86 as of 2026Q1, providing a sufficient short-term liquidity buffer to navigate the ongoing, capital-intensive demands of its broadband and surety insurance segments without immediate reliance on external debt financing.
While the liquidity position appears healthy, the company's reliance on cash reserves to fund operations and share repurchases suggests that this buffer is being actively depleted. The lack of inventory dependence in its service-oriented model provides some stability, but the company remains vulnerable to any unexpected shocks that would require significant liquidity to address.
The P/E ratio is the most commonly misapplied metric for Boston Omaha, as it fails to account for the significant non-cash depreciation and amortization charges inherent in the company's infrastructure-heavy business model, thereby providing a distorted view of its true earning power.
Analysts should instead focus on metrics like EV/EBITDA or free cash flow yield, which better capture the cash-generating potential of the billboard and broadband assets before the impact of accounting-driven depreciation. Relying on P/E in this context obscures the deliberate choice to prioritize long-term asset growth over near-term accounting profitability.
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 -33.5x. The historical average is 46.9x.
Boston Omaha Corporation's current EV/EBITDA is 18.2x. 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 -33.5x. 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.