IMAX Corporation (IMAX) Financial Ratios
30 years of historical data (1996–2025) · Communication Services · Entertainment
EV/EBITDA
↓
13.10
-10% vs avg
5yr avg: 14.55
30Y Low8.3·High76.0
P/FCF
↓
16.18
↓-49% vs avg
5yr avg: 31.98
30Y Low7.1·High143.9
P/B Ratio
↑
4.63
↑+46% vs avg
5yr avg: 3.16
30Y Low2.0·High16.1
ROE
↑
8.7%
↓+250% vs avg
5yr avg: 2.5%
30Y Low-139%·High100%
Debt/EBITDA
↓
1.88
↓-38% vs avg
5yr avg: 3.03
30Y Low0.1·High38.8
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
IMAX Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
IMAX Corporation trades at 56.6x earnings, 17% above its 5-year average of 48.2x, sitting at the 79th percentile of its historical range. Compared to the Communication Services sector median P/E of 15.4x, the stock trades at a premium of 268%. On a free-cash-flow basis, the stock trades at 16.2x P/FCF, 49% below the 5-year average of 32.0x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $1.9B | $2.1B | $1.4B | $828M | $831M | $1.1B | $1.1B | $1.3B | $1.2B | $1.5B | $2.1B |
| Enterprise Value | $2.1B | $2.2B | $1.6B | $1.0B | $996M | $1.1B | $1.1B | $1.2B | $1.1B | $1.4B | $2.0B |
| P/E Ratio → | 56.56 | 58.67 | 53.33 | 32.65 | — | — | — | 26.88 | 52.25 | 578.75 | 74.76 |
| P/S Ratio | 4.69 | 5.00 | 3.92 | 2.21 | 2.76 | 4.14 | 7.79 | 3.17 | 3.18 | 3.98 | 5.68 |
| P/B Ratio | 4.63 | 4.80 | 3.65 | 2.40 | 2.52 | 2.45 | 2.30 | 1.95 | 1.98 | 2.51 | 3.42 |
| P/FCF | 16.18 | 17.27 | 46.55 | 32.13 | — | — | — | 31.77 | 22.39 | 113.44 | 143.89 |
| P/OCF | 15.14 | 16.16 | 19.47 | 14.13 | 47.97 | 173.92 | — | 13.90 | 10.81 | 17.77 | 27.53 |
P/E links to full P/E history page with 30-year chart
IMAX EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
IMAX Corporation's enterprise value stands at 13.1x EBITDA, 10% below its 5-year average of 14.5x. The Communication Services sector median is 9.0x, placing the stock at a 45% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 5.36 | 4.42 | 2.68 | 3.31 | 4.28 | 7.71 | 2.99 | 3.00 | 3.70 | 5.28 |
| EV / EBITDA | 13.10 | 13.91 | 14.23 | 9.09 | 19.23 | 16.27 | — | 8.44 | 10.94 | 14.34 | 18.97 |
| EV / EBIT | 21.65 | 23.00 | 34.00 | 18.97 | — | 60.36 | — | 15.14 | 24.14 | 44.10 | 33.41 |
| EV / FCF | — | 18.50 | 52.55 | 38.95 | — | — | — | 29.93 | 21.15 | 105.36 | 133.81 |
IMAX Profitability
Margins and return-on-capital ratios measuring operating efficiency
IMAX Corporation earns an operating margin of 23.3%. Operating margins have expanded from 13.4% to 23.3% over the past 3 years, signaling improving operational efficiency. ROE of 8.7% is modest. ROIC of 12.7% represents solid returns on invested capital.
Margins
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 | 57.9% | 57.9% | 54.0% | 57.2% | 52.0% | 52.7% | 15.7% | 54.1% | 55.5% | 48.7% | 53.7% |
| Operating Margin | 23.3% | 23.3% | 12.5% | 13.4% | -1.6% | 4.3% | -88.9% | 19.5% | 12.1% | 8.3% | 15.5% |
| Net Profit Margin | 8.5% | 8.5% | 7.4% | 6.8% | -7.6% | -8.8% | -104.9% | 11.8% | 6.1% | 0.6% | 7.6% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 8.7% | 8.7% | 7.2% | 7.5% | -6.0% | -5.0% | -26.0% | 7.5% | 3.8% | 0.4% | 4.4% |
| ROA | 4.0% | 4.0% | 3.2% | 3.1% | -2.7% | -2.4% | -15.2% | 5.3% | 2.6% | 0.3% | 3.2% |
| ROIC | 12.7% | 12.7% | 6.1% | 7.4% | -0.8% | 1.8% | -17.9% | 10.5% | 6.6% | 4.9% | 9.8% |
| ROCE | 14.5% | 14.5% | 7.2% | 8.7% | -0.8% | 1.9% | -21.6% | 12.4% | 7.5% | 5.0% | 8.6% |
IMAX Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
IMAX Corporation carries a Debt/EBITDA ratio of 1.9x, which is manageable (46% below the sector average of 3.5x). Net debt stands at $146M ($297M total debt minus $151M cash). Interest coverage of 13.0x signals virtually no risk of debt distress — earnings comfortably cover interest obligations.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.70 | 0.70 | 0.74 | 0.73 | 0.80 | 0.53 | 0.66 | 0.06 | 0.13 | 0.08 | 0.09 |
| Debt / EBITDA | 1.88 | 1.88 | 2.54 | 2.28 | 5.08 | 3.37 | — | 0.26 | 0.74 | 0.52 | 0.52 |
| Net Debt / Equity | — | 0.34 | 0.47 | 0.51 | 0.50 | 0.08 | -0.03 | -0.11 | -0.11 | -0.18 | -0.24 |
| Net Debt / EBITDA | 0.93 | 0.93 | 1.62 | 1.59 | 3.20 | 0.54 | — | -0.52 | -0.64 | -1.10 | -1.43 |
| Debt / FCF | — | 1.23 | 5.99 | 6.82 | — | — | — | -1.85 | -1.24 | -8.08 | -10.08 |
| Interest Coverage | 12.99 | 12.99 | 5.66 | 7.76 | -0.66 | 2.55 | -17.42 | 27.97 | 15.95 | 16.45 | 33.05 |
IMAX Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.67x means IMAX Corporation can comfortably meet its short-term obligations, though there is limited excess liquidity. The current ratio has declined from 1.97x to 1.67x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.67 | 1.67 | 2.27 | 1.97 | 1.81 | 2.48 | 1.16 | 1.75 | 1.65 | 1.75 | 2.41 |
| Quick Ratio | 1.51 | 1.51 | 2.11 | 1.83 | 1.68 | 2.35 | 1.08 | 1.57 | 1.49 | 1.63 | 2.20 |
| Cash Ratio | 0.75 | 0.75 | 0.50 | 0.34 | 0.39 | 0.90 | 0.62 | 0.45 | 0.52 | 0.60 | 1.01 |
| Asset Turnover | — | 0.46 | 0.42 | 0.46 | 0.37 | 0.29 | 0.14 | 0.45 | 0.43 | 0.44 | 0.44 |
| Inventory Turnover | 5.31 | 5.31 | 4.93 | 5.08 | 4.58 | 4.47 | 2.92 | 4.22 | 3.74 | 6.35 | 4.15 |
| Days Sales Outstanding | — | 123.45 | 321.41 | 319.15 | 375.61 | 422.90 | 609.13 | 246.85 | 250.28 | 251.87 | 213.95 |
IMAX Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
IMAX Corporation returns 0.1% to shareholders annually primarily through share buybacks. The earnings yield of 1.8% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
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 | — | — | — | — | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 1.8% | 1.7% | 1.9% | 3.1% | — | — | — | 3.7% | 1.9% | 0.2% | 1.3% |
| FCF Yield | 6.2% | 5.8% | 2.1% | 3.1% | — | — | — | 3.1% | 4.5% | 0.9% | 0.7% |
| Buyback Yield | 0.1% | 0.1% | 1.3% | 3.2% | 10.0% | 2.3% | 3.9% | 2.8% | 6.6% | 3.4% | 5.5% |
| Total Shareholder Yield | 0.1% | 0.1% | 1.3% | 3.2% | 10.0% | 2.3% | 3.9% | 2.8% | 6.6% | 3.4% | 5.5% |
| Shares Outstanding | — | $56M | $54M | $55M | $57M | $59M | $59M | $61M | $63M | $66M | $68M |
Peer Comparison
Compare IMAX with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 IMAXYou | $2B | 56.6 | 13.1 | 16.2 | 57.9% | 23.3% | 8.7% | 12.7% | 1.9 |
 CNK | $3B | 26.4 | 12.2 | 18.1 | 18.6% | 11.0% | 27.2% | 7.5% | 7.0 |
 AMC | $930M | -1.2 | 4.7 | — | 75.0% | 38.1% | — | 23.7% | 4.4 |
 RGC | $16B | -3617.2 | — | — | — | — | -42.6% | -43.8% | — |
 MCS | $569M | 44.5 | 9.6 | 575.3 | 38.7% | 2.9% | 2.8% | 2.1% | 3.7 |
 DLX | $1B | 14.9 | 6.2 | 6.9 | 53.0% | 12.3% | 13.1% | 9.6% | 3.9 |
 DLB | $5B | 21.9 | 13.3 | 12.8 | 88.1% | 19.6% | 10.0% | 10.1% | 0.1 |
 NCMI | $346M | -33.7 | 12.2 | 123.6 | 30.3% | -5.7% | -2.6% | -2.9% | 0.9 |
 MANU | $3B | -74.0 | 15.4 | 86.8 | 82.3% | -2.8% | -19.5% | -2.0% | 3.3 |
 WBD | $68B | 93.5 | 13.7 | 22.0 | 28.2% | 3.5% | 2.0% | 1.5% | 4.7 |
 DIS | $193B | 15.9 | 12.1 | 19.1 | 37.8% | 14.6% | 11.3% | 6.9% | 2.3 |
| Communication Services Median | — | 15.4 | 9.0 | 11.7 | 48.3% | 0.7% | 2.2% | 3.0% | 3.5 |
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Start ComparisonIMAX — Frequently Asked Questions
Quick answers to the most common questions about buying IMAX stock.
What is IMAX Corporation's P/E ratio?
IMAX Corporation's current P/E ratio is 56.6x. The historical average is 49.0x. This places it at the 79th percentile of its historical range.
What is IMAX Corporation's EV/EBITDA?
IMAX Corporation's current EV/EBITDA is 13.1x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 18.9x.
What is IMAX Corporation's ROE?
IMAX Corporation's return on equity (ROE) is 8.7%. The historical average is 5.5%.
Is IMAX stock overvalued?
Based on historical data, IMAX Corporation is trading at a P/E of 56.6x. This is at the 79th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What are IMAX Corporation's profit margins?
IMAX Corporation has 57.9% gross margin and 23.3% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does IMAX Corporation have?
IMAX Corporation's Debt/EBITDA ratio is 1.9x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.