Latest Ratios: P/E Ratio 287.1x · EV/EBITDA N/A · ROE 182.1%. (2019–2025 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 |
|---|---|---|---|---|---|---|---|---|
| Market Cap | $402M | $589M | $102M | $87M | — | — | — | — |
| Enterprise Value | $419M | $605M | $142M | $116M | — | — | — | — |
| P/E Ratio → | 287.06 | 524.83 | 5.67 | — | — | — | — | — |
| P/S Ratio | 27.01 | 39.56 | 15.07 | 4.78 | — | — | — | — |
| P/B Ratio | 13.53 | 24.74 | — | — | — | — | — | — |
| P/FCF | — | — | — | — | — | — | — | — |
| P/OCF | — | — | — | — | — | — | — | — |
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 |
|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 40.64 | 21.07 | 6.37 | — | — | — | — |
| EV / EBITDA | — | — | — | — | — | — | — | — |
| EV / EBIT | — | 62.45 | 0.94 | — | — | — | — | — |
| EV / FCF | — | — | — | — | — | — | — | — |
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 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 73.5% | 73.5% | 100.0% | 44.4% | 28.9% | 33.3% | 44.2% | 57.3% |
| Operating Margin | -101.4% | -101.4% | -235.2% | -313.3% | -108.7% | -97.9% | -834.2% | 16.2% |
| Net Profit Margin | 22.8% | 22.8% | 327.0% | -260.9% | -109.3% | -155.9% | -704.7% | -29.3% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| ROE | 182.1% | 182.1% | — | — | -36.2% | -56.8% | -2.9% | -2.5% |
| ROA | 5.3% | 5.3% | 35.4% | -54.2% | -18.7% | -22.9% | -1.9% | -1.5% |
| ROIC | -37.6% | -37.6% | -58.5% | — | -16.2% | -12.2% | -2.0% | 0.8% |
| ROCE | -56.2% | -56.2% | -101.8% | — | -21.3% | -16.0% | -2.5% | 0.9% |
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 |
|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.75 | 0.75 | — | — | 0.50 | 1.49 | 0.42 | 0.48 |
| Debt / EBITDA | — | — | — | — | — | — | — | 11.04 |
| Net Debt / Equity | — | 0.68 | — | — | 0.38 | 1.38 | 0.27 | 0.28 |
| Net Debt / EBITDA | — | — | — | — | — | — | — | 6.41 |
| Debt / FCF | — | — | — | — | — | — | 21.27 | 7.72 |
| Interest Coverage | 2.86 | 2.86 | 79.76 | -382.68 | -14.66 | -12.78 | — | — |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.36 | 0.36 | 0.09 | 0.01 | 0.90 | 1.01 | 2.01 | 13.49 |
| Quick Ratio | 0.36 | 0.36 | 0.09 | 0.01 | 0.88 | 0.92 | 2.01 | 13.49 |
| Cash Ratio | 0.07 | 0.07 | 0.02 | 0.00 | 0.48 | 0.44 | 0.59 | 11.43 |
| Asset Turnover | — | 0.22 | 0.11 | 0.29 | 0.14 | 0.08 | 0.00 | 0.05 |
| Inventory Turnover | — | — | — | — | 27.87 | 6.64 | 220.39 | 3421.31 |
| Days Sales Outstanding | — | 91.00 | 114.13 | 21.79 | 137.33 | 166.00 | 1000.02 | 21.27 |
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 |
|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 0.3% | 0.2% | 17.6% | — | — | — | — | — |
| FCF Yield | — | — | — | — | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | — | — | — | — |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.0% | — | — | — | — |
| Shares Outstanding | — | $39M | $13M | $9M | $10M | $28M | $226M | $226M |
Includes 30+ ratios · 7 years · Updated daily
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10-year return with dividends reinvested.
Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying FBYD stock.
Falcon's Beyond Global, Inc. Class A Common Stock's current P/E ratio is 287.1x. The historical average is 5.7x. This places it at the 100th percentile of its historical range.
Falcon's Beyond Global, Inc. Class A Common Stock's return on equity (ROE) is 182.1%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 16.7%.
Based on historical data, Falcon's Beyond Global, Inc. Class A Common Stock is trading at a P/E of 287.1x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Falcon's Beyond Global, Inc. Class A Common Stock has 73.5% gross margin and -101.4% operating margin.
Key Metrics
Top Statement Risk
Chronic cash burn risk
Metrics are mathematically derived from official filings.
Gross Margin Erosion Amidst Revenue Growth
Based on reported financial data, FBYD's gross margin has eroded from 100% in 2024Q1 to 60.3% in 2026Q2, suggesting that revenue growth has come at the expense of profitability, and operating losses persist despite top-line expansion.
Operating margin remains deeply negative at -75.9% in 2026Q2, indicating that high fixed costs or operational inefficiencies are preventing the company from achieving operating leverage. Net income volatility, with swings from positive to negative, further implies that bottom-line results may be distorted by non-operational items rather than core earnings power.
Negative Returns Signal Capital Destruction
As indicated in the ratio data, ROIC has remained negative for ten consecutive quarters, standing at -6.9% in 2026Q2, which implies that the company is destroying value on its invested capital rather than generating sustainable returns above its cost of capital.
ROE and ROA have also been volatile and frequently negative, reflecting poor capital efficiency and profitability challenges. The persistent negative returns suggest that invested capital is being consumed without corresponding value creation, which may undermine long-term shareholder value if not corrected.
Debt Reduction Fails to Ease Interest Burden
Despite a significant reduction in debt, with the D/E ratio improving from 46.77 in 2025Q2 to 0.62 in 2026Q2, interest coverage is still negative at -19.55, based on financial statements, indicating that debt servicing remains a concern and earnings are insufficient to cover interest expenses.
The deleveraging trend is positive, but the negative interest coverage points to ongoing refinancing risk, especially if cash flows do not improve. Investors should monitor covenant compliance and debt maturity profiles, as the company's ability to service debt may be constrained by operational losses.
Fragile Liquidity Amidst Cash Burn
According to the balance sheet figures, FBYD's current ratio has risen to 0.66 in 2026Q2, but with cash of only $3.1 million against $33.7 million in current liabilities, the liquidity position appears fragile and dependent on external funding to meet short-term obligations.
The quick ratio mirrors the current ratio, indicating no inventory dependence, but the low level suggests vulnerability to operational shocks or delays in funding. Without a shift to positive cash flow generation, the company may face liquidity stress, warranting further investigation into financing sources.
P/E Ratio Distorted by Earnings Volatility
The P/E ratio of 292.31, as per current valuation multiples, is commonly misapplied to FBYD because net income is volatile and includes non-operating items; investors should consider metrics like P/S or focus on operating cash flow for a more accurate assessment.
This high P/E obscures the reality of negative operating margins and persistent cash burn, potentially leading to overvaluation. Alternative metrics such as EV/EBITDA, though currently unavailable, or price-to-sales ratios may better reflect the company's early-stage or challenged business model where earnings are not yet representative of core operations.