Latest Ratios: P/E Ratio -4.8x · EV/EBITDA 2.8x · ROE -11.7%. (2004–2025 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 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $45M | $53M | $90M | $114M | $82M | $98M | $97M | $14M | $30M | — | — |
| Enterprise Value | $46M | $54M | $90M | $109M | $78M | $83M | $72M | $14M | $28M | — | — |
| P/E Ratio → | -4.80 | — | — | — | — | — | — | — | — | — | — |
| P/S Ratio | 0.38 | 0.51 | 0.88 | 1.22 | 0.97 | 1.68 | 1.36 | 0.52 | 4.44 | — | — |
| P/B Ratio | 0.62 | 0.85 | 1.22 | 1.63 | 1.18 | 1.48 | 2.43 | 2.07 | 3.32 | — | — |
| P/FCF | 2.42 | 3.27 | — | 56.61 | — | — | 23.00 | — | — | — | — |
| P/OCF | 2.37 | 3.20 | 8.06 | 9.72 | 14.32 | 852.91 | 14.43 | — | — | — | — |
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 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.52 | 0.88 | 1.16 | 0.93 | 1.42 | 1.01 | 0.53 | 4.17 | — | — |
| EV / EBITDA | 2.79 | 3.75 | 6.72 | 8.84 | 10.29 | — | 19.13 | — | — | — | — |
| EV / EBIT | — | — | — | — | — | — | — | — | — | — | — |
| EV / FCF | — | 3.33 | — | 53.87 | — | — | 16.99 | — | — | — | — |
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 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 36.7% | 36.7% | 53.0% | 53.4% | 53.2% | 48.6% | 37.3% | 45.2% | 46.5% | 50.1% | 100.0% |
| Operating Margin | -4.4% | -4.4% | -3.5% | -0.8% | -1.0% | -10.9% | -0.9% | -30.4% | -192.4% | -35.6% | 155.3% |
| Net Profit Margin | -7.7% | -7.7% | -5.0% | -4.1% | -4.1% | -12.9% | -31.7% | -44.9% | -205.0% | -42.1% | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -11.7% | -11.7% | -7.2% | -5.5% | -5.1% | -14.2% | -96.9% | -152.2% | -399.7% | — | — |
| ROA | -7.7% | -7.7% | -4.9% | -3.7% | -3.7% | -9.7% | -38.9% | -44.0% | -239.8% | -100.6% | — |
| ROIC | -5.0% | -5.0% | -3.9% | -0.9% | -1.1% | -14.6% | -4.6% | -85.3% | -312.0% | -993.9% | 97.0% |
| ROCE | -6.3% | -6.3% | -4.6% | -1.0% | -1.1% | -11.5% | -2.0% | -50.3% | -375.1% | — | 223.7% |
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 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.12 | 0.12 | 0.14 | 0.05 | 0.11 | 0.01 | 0.02 | 0.16 | — | — | 0.82 |
| Debt / EBITDA | 0.53 | 0.53 | 0.77 | 0.27 | 0.97 | — | 0.19 | — | — | — | — |
| Net Debt / Equity | — | 0.02 | -0.00 | -0.08 | -0.06 | -0.23 | -0.64 | 0.05 | -0.20 | — | 0.20 |
| Net Debt / EBITDA | 0.07 | 0.07 | -0.01 | -0.45 | -0.51 | — | -6.77 | — | — | — | — |
| Debt / FCF | — | 0.06 | — | -2.74 | — | — | -6.01 | — | — | — | — |
| Interest Coverage | -4.64 | -4.64 | -1.43 | -0.32 | -0.96 | -26.29 | -14.25 | -4.59 | -86.55 | -6.11 | -34.04 |
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 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.97 | 0.97 | 1.14 | 1.04 | 1.22 | 1.76 | 1.23 | 0.40 | 2.63 | 0.36 | 0.89 |
| Quick Ratio | 0.97 | 0.97 | 1.14 | 1.04 | 1.15 | 1.76 | 1.22 | 0.40 | 2.63 | 0.36 | 0.89 |
| Cash Ratio | 0.20 | 0.20 | 0.36 | 0.32 | 0.46 | 1.04 | 0.87 | 0.03 | 1.42 | 0.07 | 0.53 |
| Asset Turnover | — | 1.05 | 0.96 | 0.90 | 0.81 | 0.70 | 0.99 | 0.61 | 0.65 | 3.29 | 0.42 |
| Inventory Turnover | — | — | — | — | 23.39 | — | 179.13 | — | — | 999999.00 | — |
| Days Sales Outstanding | — | 74.20 | 71.83 | 72.75 | 71.63 | 53.26 | 53.59 | 84.83 | 68.85 | 80.87 | 80.34 |
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 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | — | — | — | — | — | — |
| FCF Yield | 41.3% | 30.5% | — | 1.8% | — | — | 4.3% | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — | — |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — | — |
| Shares Outstanding | — | $25M | $24M | $23M | $21M | $20M | $9M | $7M | $3M | $1M | $416099 |
Liquidity and regulatory headwinds
Based on reported figures, Bragg's P/S ratio of 0.38 suggests the market is heavily discounting the company's future revenue potential, likely due to the observed deceleration in top-line growth and the persistent inability to convert platform activity into meaningful, sustainable bottom-line earnings for shareholders.
The current valuation multiples, including a negative P/E and a low EV/EBITDA of 2.79, indicate that investors are pricing the firm as a distressed asset rather than a growth-oriented technology provider. This valuation gap relative to broader sector peers suggests that the market remains unconvinced that the current strategic pivot toward proprietary content will yield the necessary margin expansion to justify a higher premium.
As reported in financial statements, Bragg's ROIC has consistently languished in negative territory, reaching -1.3% in 2026Q1, which indicates that the company is currently destroying shareholder value rather than compounding it through its ongoing investments in platform infrastructure and strategic content acquisitions.
The persistent negative returns on invested capital suggest that the company's asset base is not generating sufficient operating income to cover the cost of capital. Investors should monitor whether the recent formation of a special committee to explore strategic alternatives is a direct response to this inability to achieve a positive return profile on its deployed capital.
According to recent SEC filings, Bragg's DSO has fluctuated significantly, reaching 94 days in 2026Q1, which highlights a concerning trend in collection efficiency that may be straining the company's limited cash reserves and complicating its ability to manage short-term operational liquidity requirements effectively.
The variability in the cash conversion cycle suggests that Bragg lacks the bargaining power to dictate favorable payment terms with its operator clients. This inefficiency in working capital management appears to be a structural drag on cash flow, forcing the company to rely on external liquidity to fund its day-to-day operations.
The most commonly misapplied metric for Bragg is the P/S ratio, which obscures the company's underlying cost structure and the significant royalty payments that suppress its true economic capture, making the business appear larger and more valuable than its actual net profitability would otherwise suggest.
Analysts should instead focus on the 'Take Rate' and the mix of proprietary versus third-party content, as these metrics provide a more accurate view of the company's margin potential. Relying on top-line revenue multiples ignores the reality that a large portion of reported sales is essentially pass-through volume that provides little benefit to the bottom line.
Includes 30+ ratios · 21 years · Updated daily
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Quick answers to the most common questions about buying BRAG stock.
Bragg Gaming Group Inc.'s current P/E ratio is -4.8x. This places it at the 50th percentile of its historical range.
Bragg Gaming Group 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 9.7x.
Bragg Gaming Group Inc.'s return on equity (ROE) is -11.7%. The historical average is -96.2%.
Based on historical data, Bragg Gaming Group Inc. is trading at a P/E of -4.8x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Bragg Gaming Group Inc. has 36.7% gross margin and -4.4% operating margin.
Bragg Gaming Group Inc.'s Debt/EBITDA ratio is 0.5x, indicating low leverage. A ratio below 2x is generally considered financially healthy.