Latest Ratios: P/E Ratio -9.6x · EV/EBITDA 25.8x · ROE N/A. (2009–2025 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 | $761M | $710M | $476M | $401M | $259M | $776M | $1.1B | $1.4B | $1.8B | $2.9B | $1.9B |
| Enterprise Value | $815M | $763M | $500M | $538M | $324M | $692M | $794M | $977M | $1.2B | $2.3B | $1.3B |
| P/E Ratio → | -9.63 | — | — | — | — | 6.29 | — | — | — | 255.00 | — |
| P/S Ratio | 1.53 | 1.42 | 0.97 | 0.78 | 0.43 | 0.80 | 0.77 | 0.61 | 0.69 | 1.02 | 0.61 |
| P/B Ratio | — | — | 11.59 | — | 29.22 | 3.69 | 10.09 | 3.43 | 4.74 | 11.51 | 7.22 |
| P/FCF | 15.26 | 14.23 | 11.91 | — | — | — | — | 6249.34 | 17.62 | 38.72 | 41.76 |
| P/OCF | 11.80 | 11.00 | 8.51 | — | — | — | — | 19.02 | 9.50 | 21.46 | 16.34 |
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 | — | 1.53 | 1.02 | 1.05 | 0.54 | 0.72 | 0.56 | 0.44 | 0.46 | 0.79 | 0.41 |
| EV / EBITDA | 25.82 | 24.18 | 12.60 | 16.33 | — | 10.15 | — | 6.71 | 7.08 | 13.47 | 48.88 |
| EV / EBIT | 62.88 | — | — | — | — | 6.57 | — | 97.10 | 52.45 | 39.65 | — |
| EV / FCF | — | 15.30 | 12.51 | — | — | — | — | 4502.22 | 11.69 | 30.10 | 27.90 |
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 | 89.0% | 89.0% | 90.2% | 87.5% | 87.3% | 76.2% | 47.8% | 53.5% | 50.1% | 46.9% | 43.2% |
| Operating Margin | 2.6% | 2.6% | 1.8% | -3.5% | -28.0% | -0.5% | -19.6% | 1.8% | 2.0% | 1.0% | -3.5% |
| Net Profit Margin | -16.8% | -16.8% | -12.0% | -10.8% | -39.7% | 12.3% | -20.3% | -1.0% | -0.4% | 0.5% | -6.2% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | — | — | -15974.8% | — | -216.8% | 74.6% | -114.5% | -5.8% | -3.5% | 5.4% | -52.9% |
| ROA | -13.0% | -13.0% | -10.0% | -8.1% | -24.4% | 9.2% | -19.2% | -1.4% | -0.7% | 0.8% | -10.9% |
| ROIC | 25.5% | 25.5% | 8.1% | -16.0% | -125.8% | -2.8% | — | 187.5% | — | — | — |
| ROCE | 4.4% | 4.4% | 3.5% | -7.9% | -42.6% | -0.9% | -44.8% | 5.5% | 8.8% | 5.4% | -19.2% |
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 | — | — | 6.16 | — | 39.15 | 1.97 | 5.18 | 0.94 | 0.60 | 0.93 | 0.86 |
| Debt / EBITDA | 11.08 | 11.08 | 6.37 | 8.46 | — | 6.08 | — | 2.55 | 1.36 | 1.40 | 8.71 |
| Net Debt / Equity | — | — | 0.59 | — | 7.39 | -0.40 | -2.72 | -0.96 | -1.59 | -2.56 | -2.40 |
| Net Debt / EBITDA | 1.70 | 1.70 | 0.61 | 4.16 | — | -1.24 | — | -2.60 | -3.59 | -3.86 | -24.30 |
| Debt / FCF | — | 1.07 | 0.60 | — | — | — | — | -1747.12 | -5.92 | -8.63 | -13.87 |
| Interest Coverage | -2.19 | -2.19 | -2.56 | -1.76 | -12.35 | 6.12 | -7.86 | 0.43 | 1.05 | 2.75 | -9.78 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.98 | 0.98 | 1.03 | 0.69 | 0.69 | 0.93 | 0.99 | 1.08 | 1.04 | 0.95 | 0.90 |
| Quick Ratio | 0.98 | 0.98 | 1.03 | 0.69 | 0.69 | 0.93 | 0.99 | 1.05 | 1.01 | 0.92 | 0.87 |
| Cash Ratio | 0.77 | 0.77 | 0.75 | 0.38 | 0.53 | 0.79 | 0.91 | 0.91 | 0.88 | 0.78 | 0.71 |
| Asset Turnover | — | 0.74 | 0.80 | 0.90 | 0.76 | 0.84 | 1.00 | 1.40 | 1.61 | 1.70 | 1.78 |
| Inventory Turnover | — | — | — | — | — | — | 577.79 | 40.62 | 39.01 | 59.15 | 57.55 |
| Days Sales Outstanding | — | 25.21 | 27.30 | 39.50 | 31.48 | 16.78 | 12.48 | 9.83 | 10.55 | 13.94 | 10.30 |
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 | — | — | — | — | — | 15.9% | — | — | — | 0.4% | — |
| FCF Yield | 6.6% | 7.0% | 8.4% | — | — | — | — | 0.0% | 5.7% | 2.6% | 2.4% |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 2.3% | 2.6% | 0.0% | 3.4% | 0.5% | 2.1% | 8.6% |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.0% | 2.3% | 2.6% | 0.0% | 3.4% | 0.5% | 2.1% | 8.6% |
| Shares Outstanding | — | $40M | $39M | $31M | $30M | $34M | $29M | $28M | $28M | $28M | $29M |
Includes 30+ ratios · 17 years · Updated daily
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Quick answers to the most common questions about buying GRPN stock.
Groupon, Inc.'s current P/E ratio is -9.6x. The historical average is 54.3x.
Groupon, Inc.'s current EV/EBITDA is 25.8x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 20.8x.
Based on historical data, Groupon, Inc. is trading at a P/E of -9.6x. Compare with industry peers and growth rates for a complete picture.
Groupon, Inc. has 89.0% gross margin and 2.6% operating margin.
Groupon, Inc.'s Debt/EBITDA ratio is 11.1x, indicating high leverage. A ratio above 4x may signal elevated financial risk.
Key Metrics
Top Statement Risk
Negative equity and operational cash burn
Metrics are mathematically derived from official filings.
Valuation Distorted by Negative Earnings Base
Groupon's EV/EBITDA of 25.13 is highly elevated relative to peers like ANGI (3.16) and YELP (4.26), but this multiple is misleading given the company's frequent operating losses and negative book value, as reported in recent financial statements.
The forward EV/EBITDA of 245.94 suggests the market is pricing in a significant earnings recovery that has yet to materialize, based on projected EBITDA. The negative P/E ratio and absence of a P/B ratio reflect the current negative equity position, making standard valuation metrics unreliable. Investors are likely pricing the company on an EV/Sales or P/FCF basis, with the P/FCF of 14.83 indicating some cash flow generation, but this is volatile and may not be sustainable given the underlying operational challenges.
Gross Strength Masked by Cost Structure
While Groupon maintains an industry-leading gross margin of 91.0% in 2026Q2, its operating margin is negative at -0.6% and net margin is -1.4%, indicating that its massive SG&A expense base is consuming all gross profit and more, according to the latest quarterly data.
The exceptional gross margin, consistent with internet platform models, is rendered ineffective by operating expenses that have consistently exceeded gross profit in recent quarters. The swing from a 10.4% operating margin in 2025Q2 to negative figures demonstrates extreme cost volatility and a lack of operating leverage. This suggests the company's core earning power is currently non-existent, as reported profitability is entirely dependent on the quarter-to-quarter timing of expenses rather than sustainable revenue conversion.
Capital Erosion Amid Negative Equity
Return on equity is unavailable due to negative shareholder equity, while return on invested capital (ROIC) was -2.7% in 2026Q2, continuing a trend of subpar and inconsistent returns that fail to generate value for capital providers.
The negative and volatile ROIC trend, ranging from -13.3% to 27.5% over the last five quarters, indicates the company is unable to generate consistent returns on the capital invested in its business. The high D/E ratio of 4.97 in 2025Q2, when equity was positive, amplifies these volatile returns. This pattern suggests Groupon is destroying value rather than compounding it, a conclusion supported by the long-term erosion of its equity base into negative territory.
Uncomfortable Leverage with Diminishing Cushion
Groupon's D/E ratio is not calculable due to negative equity, while its D/EBITDA ratio has ballooned to 41.45 in 2026Q2 from 14.59 in 2025Q2, and interest coverage is negative at -0.07, indicating debt service is consuming cash and operating losses are worsening the burden, per balance sheet data.
The escalating D/EBITDA multiple signals that debt is growing far faster than the company's ability to service it from earnings. The negative interest coverage ratio confirms that operating profit is insufficient to cover interest expenses, forcing reliance on cash reserves or further borrowing. This trajectory suggests increasing refinancing risk and places significant constraint on financial flexibility, especially as the current ratio has fallen to 0.79, indicating short-term liabilities exceed liquid assets.
Tightening Liquidity in a Negative Equity World
Groupon's current ratio of 0.79 in 2026Q2, down from 1.03 in 2024Q4, and a quick ratio of 0.76 indicate that short-term liabilities now outpace liquid assets, a precarious position given the company's negative equity and cash-burning quarters, as shown in the financial ratios.
The declining liquidity ratios suggest the company's cash buffer is being drawn down to meet obligations. With working capital swings, such as the negative CCC of -6 days, indicating it collects from customers before paying suppliers, the model relies on float. However, under a severe stress scenario with declining revenue or partner payment demands, the 0.79 current ratio offers minimal headroom. The low ratios are a direct consequence of the balance sheet deterioration noted in prior analysis.
The Misapplied Efficiency Metric
Groupon's negative cash conversion cycle (CCC) of -6 days in 2026Q2 is often cited as a positive efficiency metric, but it actually obscures a dangerous reliance on partner float and customer prepayments to fund operations, as indicated by the ratio data.
The CCC is the ratio most commonly misapplied to Groupon's business model. While a negative cycle is typically lauded as efficient, for Groupon it primarily reflects the delay in paying merchants for vouchers sold. This creates a large working capital liability (deferred revenue) that is not captured in the CCC calculation. The metric obscures the fundamental risk: if merchant relationships deteriorate or payment terms are forced to shorten, the company loses this critical, interest-free funding source, which could accelerate its liquidity crisis. A more informative metric would be deferred revenue as a percentage of revenue or the trend in merchant payables.