Latest Ratios: P/E Ratio -1.9x · EV/EBITDA N/A · ROE -34.5%. (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 | $5.2B | $6.9B | $10.6B | $11.9B | $12.0B | $30.0B | $28.9B | $22.8B | $13.1B | $15.6B | $11.1B |
| Enterprise Value | $6.9B | $8.6B | $13.3B | $15.5B | $15.5B | $33.6B | $32.4B | $23.3B | $13.6B | $16.0B | $11.5B |
| P/E Ratio → | -1.92 | — | 12.23 | 17.23 | 9.53 | 40.94 | 72.62 | 194.63 | 188.97 | 7.66 | 12.08 |
| P/S Ratio | — | — | 10.47 | 12.08 | 12.29 | 30.33 | 569.48 | 1517.84 | 589.76 | 1189.78 | 362.12 |
| P/B Ratio | 0.90 | 1.21 | 1.08 | 1.31 | 1.41 | 2.96 | 2.14 | 2.13 | 1.24 | 1.48 | 1.31 |
| P/FCF | — | — | — | — | 4.01 | 7.37 | 60.28 | — | — | — | — |
| P/OCF | — | — | 102.25 | 740.88 | — | 9988.30 | — | — | — | — | — |
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 | — | — | 13.10 | 15.82 | 15.89 | 34.03 | 638.32 | 1552.72 | 609.52 | 1221.56 | 374.96 |
| EV / EBITDA | — | — | 44.50 | 51.20 | 69.49 | 198.96 | — | — | — | — | — |
| EV / EBIT | — | — | 10.43 | 14.18 | 553.44 | — | 83.14 | — | — | — | — |
| EV / FCF | — | — | — | — | 5.18 | 8.27 | 67.57 | — | — | — | — |
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 | — | — | 74.7% | 75.0% | 74.1% | 71.5% | 29.7% | 40.0% | 64.1% | 18.0% | 90.9% |
| Operating Margin | — | — | 9.1% | 7.4% | -4.0% | -9.9% | -117.6% | -193.3% | -54.0% | -194.6% | -69.2% |
| Net Profit Margin | — | — | 85.5% | 70.1% | 128.9% | 74.1% | 784.2% | 781.4% | 314.3% | 15533.7% | 2999.1% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -34.5% | -34.5% | 9.2% | 7.9% | 13.5% | 6.2% | 3.3% | 1.1% | 0.7% | 21.4% | 15.8% |
| ROA | -21.0% | -21.0% | 5.4% | 4.5% | 7.8% | 3.8% | 2.4% | 1.0% | 0.6% | 18.9% | 13.9% |
| ROIC | -0.3% | -0.3% | 0.5% | 0.4% | -0.2% | -0.5% | -0.3% | -0.2% | -0.1% | -0.2% | -0.3% |
| ROCE | -0.3% | -0.3% | 0.6% | 0.5% | -0.3% | -0.5% | -0.4% | -0.2% | -0.1% | -0.2% | -0.3% |
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 | 0.31 | 0.31 | 0.28 | 0.42 | 0.46 | 0.38 | 0.36 | 0.05 | 0.05 | 0.05 | 0.07 |
| Debt / EBITDA | — | — | 9.24 | 12.60 | 17.43 | 22.78 | — | — | — | — | — |
| Net Debt / Equity | — | 0.30 | 0.27 | 0.41 | 0.41 | 0.36 | 0.26 | 0.05 | 0.04 | 0.04 | 0.05 |
| Net Debt / EBITDA | — | — | 8.94 | 12.08 | 15.75 | 21.65 | — | — | — | — | — |
| Debt / FCF | — | — | — | — | 1.17 | 0.90 | 7.29 | — | — | — | — |
| Interest Coverage | -28.58 | -28.58 | 6.58 | 5.31 | 0.21 | -0.03 | 13.90 | -1.16 | -0.52 | -1.30 | -1.41 |
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 | 0.10 | 0.10 | 2.12 | 2.42 | 0.39 | 0.79 | 3.02 | 4.29 | 10.32 | 7.97 | 0.63 |
| Quick Ratio | 0.10 | 0.10 | 2.12 | 2.42 | 0.39 | 0.79 | 3.02 | 4.29 | 10.32 | 8.12 | 0.51 |
| Cash Ratio | 0.06 | 0.06 | 0.45 | 0.89 | 0.22 | 0.33 | 2.32 | 4.10 | 10.14 | 7.70 | 0.50 |
| Asset Turnover | — | — | 0.06 | 0.06 | 0.06 | 0.06 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | 0.06 |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
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 | — | — | 8.2% | 5.8% | 10.5% | 2.4% | 1.4% | 0.5% | 0.5% | 13.1% | 8.3% |
| FCF Yield | — | — | — | — | 25.0% | 13.6% | 1.7% | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.8% | 1.9% | 24.0% | 14.3% | 2.1% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 0.0% | 0.0% | 0.8% | 1.9% | 24.0% | 14.3% | 2.1% | 0.0% | 0.0% | 0.0% | 0.0% |
| Shares Outstanding | — | $143M | $143M | $147M | $158M | $186M | $183M | $183M | $183M | $183M | $153M |
Includes 30+ ratios · 14 years · Updated daily
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Quick answers to the most common questions about buying LBRDA stock.
Liberty Broadband Corporation's current P/E ratio is -1.9x. The historical average is 61.8x.
Liberty Broadband Corporation's return on equity (ROE) is -34.5%. The historical average is 4.1%.
Based on historical data, Liberty Broadband Corporation is trading at a P/E of -1.9x. Compare with industry peers and growth rates for a complete picture.
Key Metrics
Top Statement Risk
Equity method accounting complexity
Metrics are mathematically derived from official filings.
Holding Discount Masks Asset Value
As reported in recent financial statements, LBRDA trades at a forward P/E of 3.96, a multiple that appears to reflect significant market skepticism regarding the company's complex corporate structure and the persistent holding company discount relative to the underlying market value of its Charter Communications equity stake.
The low forward P/E multiple suggests that investors are heavily discounting the firm's earnings potential, likely due to the lack of a clear timeline for a tax-efficient exit or merger. This valuation gap warrants further investigation into whether the market is mispricing the potential for a structural catalyst to unlock value.
Capital Efficiency Hindered by Structure
Based on quarterly data, LBRDA's ROIC has remained near zero or negative, a trend that suggests the company is struggling to generate meaningful returns on its invested capital when accounting for the massive capital intensity required to maintain its Alaskan network and the volatility of equity-method investments.
The inability to consistently generate positive ROIC indicates that the firm's capital allocation strategy may be failing to create incremental value beyond the underlying performance of its Charter stake. Investors should monitor whether future network upgrades can improve these returns or if the structural costs remain a permanent drag.
Liquidity Buffers Facing Structural Pressure
According to quarterly balance sheet data, LBRDA's current ratio has fluctuated significantly, reaching 1.09 in 2026Q1 after hitting a low of 0.10 in 2025Q4, which highlights a precarious liquidity position that may be vulnerable to sudden shifts in working capital or debt maturity requirements.
This volatility in liquidity ratios suggests that the company's ability to meet short-term obligations is highly sensitive to the timing of cash flows from its consolidated GCI segment. The erratic nature of these metrics implies that the firm may lack a stable cushion to absorb unexpected operational or market shocks.
Misapplied P/E Multiples Obscure Reality
As noted in market commentary, the P/E ratio is a fundamentally flawed metric for LBRDA because it fails to account for the non-cash equity-method adjustments and the massive holding company discount that distort the company's reported net income and overall economic earning power compared to its peers.
Analysts should instead focus on a pre-tax and after-tax Net Asset Value (NAV) calculation to better understand the true economic value of the Charter stake. Relying on standard P/E multiples likely leads to an inaccurate assessment of the firm's valuation, as it ignores the specific tax liabilities and structural complexities inherent in the Liberty complex.