Latest Ratios: P/E Ratio -0.6x · EV/EBITDA 10.7x · ROE -63.5%. (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 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $3.7B | $4.0B | $4.8B | $4.2B | $5.1B | $8.4B | $7.5B | $8.1B | $8.4B | $15.0B | $14.0B |
| Enterprise Value | $11.8B | $12.1B | $12.8B | $13.0B | $18.9B | $23.6B | $22.5B | $30.2B | $38.1B | $47.8B | $51.7B |
| P/E Ratio → | -0.56 | — | 3.11 | — | 19.56 | 0.63 | — | — | — | — | 9.90 |
| P/S Ratio | 0.76 | 0.82 | 1.10 | 1.01 | 1.26 | 0.81 | 0.65 | 0.72 | 0.70 | 1.33 | 1.02 |
| P/B Ratio | 0.40 | 0.40 | 0.38 | 0.22 | 0.22 | 0.33 | 0.56 | 0.61 | 2.03 | 2.35 | 0.95 |
| P/FCF | — | — | 4.24 | 12.95 | 2.60 | — | — | 0.58 | 1.86 | 3.37 | — |
| P/OCF | 3.03 | 3.29 | 2.35 | 1.92 | 1.78 | 2.36 | 1.78 | 1.76 | 1.41 | 2.63 | 2.36 |
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 | — | 2.48 | 2.95 | 3.15 | 4.70 | 2.29 | 1.95 | 2.72 | 3.19 | 4.24 | 3.76 |
| EV / EBITDA | 10.65 | 10.94 | 12.92 | 13.72 | 14.92 | 6.44 | 5.29 | 7.18 | 8.11 | 10.42 | 9.08 |
| EV / EBIT | 176.57 | — | 5.31 | — | 12.76 | 1.59 | — | 212.37 | 23.23 | — | 24.49 |
| EV / FCF | — | — | 11.39 | 40.43 | 9.70 | — | — | 2.18 | 8.45 | 10.71 | — |
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 | 65.8% | 65.8% | 66.6% | 68.8% | 73.5% | 70.7% | 71.2% | 71.8% | 72.9% | 73.6% | 74.5% |
| Operating Margin | 1.4% | 1.4% | -0.2% | -6.6% | 4.3% | 12.8% | 17.6% | 5.9% | 7.0% | 7.0% | 11.4% |
| Net Profit Margin | -146.3% | -146.3% | 36.6% | -98.4% | 36.7% | 130.2% | -14.1% | 103.6% | 6.1% | -24.6% | 12.4% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -63.5% | -63.5% | 10.1% | -19.5% | 6.1% | 69.0% | -12.3% | 132.8% | 13.8% | -26.3% | 13.7% |
| ROA | -29.7% | -29.7% | 4.7% | -9.5% | 3.3% | 25.3% | -3.0% | 22.5% | 1.3% | -4.4% | 2.5% |
| ROIC | 0.3% | 0.3% | -0.0% | -0.6% | 0.3% | 2.9% | 4.8% | 1.4% | 1.7% | 1.3% | 2.1% |
| ROCE | 0.3% | 0.3% | -0.0% | -0.7% | 0.4% | 2.7% | 4.3% | 1.6% | 1.9% | 1.5% | 2.6% |
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 | 1.02 | 1.02 | 0.79 | 0.54 | 0.69 | 0.63 | 1.23 | 2.30 | 7.51 | 5.38 | 2.63 |
| Debt / EBITDA | 9.19 | 9.19 | 9.94 | 10.82 | 12.29 | 4.41 | 3.85 | 7.21 | 6.64 | 7.51 | 6.81 |
| Net Debt / Equity | — | 0.81 | 0.64 | 0.46 | 0.61 | 0.60 | 1.13 | 1.68 | 7.16 | 5.12 | 2.56 |
| Net Debt / EBITDA | 7.31 | 7.31 | 8.11 | 9.33 | 10.92 | 4.16 | 3.54 | 5.27 | 6.32 | 7.14 | 6.62 |
| Debt / FCF | — | — | 7.15 | 27.49 | 7.10 | — | — | 1.60 | 6.58 | 7.34 | — |
| Interest Coverage | -13.42 | -13.42 | 4.20 | -3.24 | 2.51 | 16.87 | -0.52 | 0.10 | 1.11 | -0.49 | 1.13 |
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 | 1.08 | 1.08 | 1.05 | 1.30 | 1.61 | 1.45 | 1.29 | 1.22 | 0.40 | 0.43 | 0.66 |
| Quick Ratio | 1.08 | 1.08 | 1.05 | 1.30 | 1.61 | 1.45 | 1.29 | 1.22 | 0.40 | 0.43 | 0.66 |
| Cash Ratio | 0.68 | 0.68 | 0.69 | 0.78 | 1.11 | 0.78 | 0.65 | 0.97 | 0.18 | 0.22 | 0.18 |
| Asset Turnover | — | 0.22 | 0.17 | 0.10 | 0.09 | 0.22 | 0.20 | 0.23 | 0.22 | 0.20 | 0.20 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| 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 | — | — | 32.2% | — | 5.1% | 159.5% | — | — | — | — | 10.1% |
| FCF Yield | — | — | 23.6% | 7.7% | 38.5% | — | — | 172.1% | 53.6% | 29.7% | — |
| Buyback Yield | 5.2% | 4.8% | 14.5% | 36.0% | 33.7% | 18.9% | 14.4% | 40.0% | 23.9% | 19.8% | 14.1% |
| Total Shareholder Yield | 5.2% | 4.8% | 14.5% | 36.0% | 33.7% | 18.9% | 14.4% | 40.0% | 23.9% | 19.8% | 14.1% |
| Shares Outstanding | — | $363M | $363M | $426M | $497M | $569M | $602M | $706M | $779M | $848M | $900M |
High leverage and volatility
Based on reported figures, LBTYK trades at a P/S of 0.76 and an EV/EBITDA of 10.65, suggesting that the market applies a significant complexity discount compared to integrated peers, likely reflecting investor skepticism toward the company's opaque joint venture structures and historically aggressive debt-funded capital allocation strategies.
The negative P/E ratio highlights the distortion caused by non-cash impairments and derivative adjustments, rendering traditional earnings multiples largely irrelevant for this business model. Investors should monitor whether the proposed spin-off of Sunrise acts as a catalyst to compress this valuation gap by simplifying the corporate structure and improving transparency.
As reported in financial statements, LBTYK's ROIC has struggled to remain positive, hovering near 0.3% in 2026Q1, which indicates that the company is failing to generate returns on invested capital that exceed its cost of debt, a trend that warrants further investigation into the efficacy of recent network investments.
The persistent inability to compound returns suggests that the heavy capital expenditure required for fiber upgrades is not yet translating into incremental margin expansion. This lack of return on capital appears to be a structural issue rather than a temporary setback, given the competitive intensity in the UK and Swiss markets.
According to recent SEC filings, LBTYK's asset turnover remains exceptionally low at 0.06, reflecting the massive capital base required to maintain HFC and FTTH infrastructure, which limits the company's ability to drive rapid revenue growth from its existing physical asset footprint without significant additional investment.
The volatility in DSO and DPO metrics suggests that the company's working capital management is heavily influenced by the timing of large-scale infrastructure projects and joint venture settlements. This inconsistency makes it difficult to gauge underlying operational efficiency, as the metrics appear more reflective of accounting cycles than actual customer payment behavior.
Based on the company's reported figures, the debt-to-EBITDA ratio has reached as high as 42.59 in 2025Q4, indicating that the firm's reliance on leverage to fund operations and buybacks has created a precarious financial position that leaves little room for error in a high-interest-rate environment.
The erratic interest coverage ratios, which have swung between positive and negative territory, suggest that the company's ability to service its debt is highly sensitive to non-operating items and market volatility. Investors should monitor the maturity profile of this debt, as refinancing risks could become a primary driver of future equity performance.
As indicated by the company's financial disclosures, the P/E ratio is the most commonly misapplied metric for LBTYK, as it fails to account for the massive non-cash charges and equity-method accounting that obscure the true cash-generative capacity of the underlying telecommunications infrastructure assets.
Analysts should instead focus on Pro-Forma Adjusted EBITDA and Free Cash Flow to the Firm, which better capture the economic reality of the joint ventures. Relying on P/E or net income metrics in this context risks misinterpreting accounting volatility for fundamental operational decline.
Includes 30+ ratios · 22 years · Updated daily
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Quick answers to the most common questions about buying LBTYK stock.
Liberty Global plc's current P/E ratio is -0.6x. The historical average is 6.1x.
Liberty Global plc's current EV/EBITDA is 10.7x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 11.2x.
Liberty Global plc's return on equity (ROE) is -63.5%. The historical average is 3.3%.
Based on historical data, Liberty Global plc is trading at a P/E of -0.6x. Compare with industry peers and growth rates for a complete picture.
Liberty Global plc has 65.8% gross margin and 1.4% operating margin.
Liberty Global plc's Debt/EBITDA ratio is 9.2x, indicating high leverage. A ratio above 4x may signal elevated financial risk.