Manchester United plc (MANU) Financial Ratios
17 years of historical data (2009–2025) · Communication Services · Entertainment
EV/EBITDA
↓
15.23
↓-40% vs avg
5yr avg: 25.39
30Y Low13.4·High30.4
P/FCF
85.52
↓-22% vs avg
5yr avg: 109.87
30Y Low56.3·High139.5
P/B Ratio
↑
12.35
↓-36% vs avg
5yr avg: 19.17
30Y Low5.6·High38.2
ROE
↑
-19.5%
↓+56% vs avg
5yr avg: -44.5%
30Y Low-91%·High82%
Debt/EBITDA
↓
3.33
↓-32% vs avg
5yr avg: 4.92
30Y Low2.3·High10.6
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
MANU Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Manchester United plc currently has a negative P/E ratio, indicating the company is operating at a loss on a trailing-twelve-month basis. On a free-cash-flow basis, the stock trades at 85.5x P/FCF, 22% below the 5-year average of 109.9x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $3.3B | $3.1B | $2.7B | $4.0B | $1.8B | $2.5B | $2.6B | $3.0B | $3.4B | $2.7B | $2.6B |
| Enterprise Value | $4.0B | $3.6B | $3.2B | $4.5B | $2.3B | $2.9B | $3.1B | $3.2B | $3.6B | $2.9B | $2.9B |
| P/E Ratio → | -72.96 | — | — | — | — | — | — | 164.36 | — | 67.71 | 72.41 |
| P/S Ratio | 3.59 | 4.61 | 4.03 | 6.13 | 3.11 | 5.01 | 5.11 | 4.75 | 5.75 | 4.60 | 5.08 |
| P/B Ratio | 12.35 | 15.87 | 18.42 | 38.24 | 14.22 | 9.08 | 7.40 | 7.17 | 7.94 | 5.57 | 5.71 |
| P/FCF | 85.52 | 109.87 | — | — | — | — | — | 56.31 | — | 104.98 | 61.02 |
| P/OCF | 32.91 | 42.29 | 31.15 | 41.51 | 18.81 | 21.89 | — | 12.16 | 35.60 | 11.74 | 14.07 |
P/E links to full P/E history page with 30-year chart
MANU EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Manchester United plc's enterprise value stands at 15.2x EBITDA, 40% below its 5-year average of 25.4x. The Communication Services sector median is 8.7x, placing the stock at a 75% 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 | — | 5.45 | 4.76 | 6.97 | 4.00 | 5.87 | 6.05 | 5.07 | 6.18 | 4.97 | 5.59 |
| EV / EBITDA | 15.23 | 18.74 | 22.95 | 26.04 | 30.43 | 28.78 | 20.98 | 16.66 | 18.88 | 13.39 | 17.24 |
| EV / EBIT | — | — | — | — | — | — | 2290.62 | 64.56 | 75.38 | 36.41 | 41.18 |
| EV / FCF | — | 129.86 | — | — | — | — | — | 60.16 | — | 113.35 | 67.10 |
MANU Profitability
Margins and return-on-capital ratios measuring operating efficiency
Manchester United plc earns an operating margin of -2.8%. Operating margins have compressed from -1.7% to -2.8% over the past 3 years, signaling potential cost pressures or competitive headwinds. A negative ROE of -19.5% indicates the company is currently destroying shareholder equity.
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 | 82.3% | 82.3% | 85.8% | 84.4% | 100.0% | 92.1% | 88.3% | 89.5% | 87.3% | 86.4% | 87.2% |
| Operating Margin | -2.8% | -2.8% | -10.5% | -1.7% | -15.0% | -7.5% | 1.0% | 8.0% | 7.4% | 13.9% | 13.4% |
| Net Profit Margin | -5.0% | -5.0% | -17.1% | -4.4% | -19.8% | -18.7% | -4.6% | 3.0% | -6.4% | 6.7% | 7.1% |
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 | -19.5% | -19.5% | -90.9% | -24.8% | -57.8% | -29.6% | -6.1% | 4.5% | -8.3% | 8.4% | 7.8% |
| ROA | -2.2% | -2.2% | -8.5% | -2.2% | -9.0% | -7.0% | -1.6% | 1.2% | -2.4% | 2.6% | 2.6% |
| ROIC | -2.0% | -2.0% | -8.1% | -1.3% | -9.8% | -3.6% | 0.5% | 5.8% | 4.8% | 8.6% | 7.1% |
| ROCE | -2.1% | -2.1% | -8.5% | -1.4% | -10.4% | -4.0% | 0.5% | 4.6% | 4.0% | 7.4% | 6.8% |
MANU Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Manchester United plc carries a Debt/EBITDA ratio of 3.3x, which is moderately leveraged (roughly in line with the sector average of 3.4x). Net debt stands at $559M ($645M total debt minus $86M cash).
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 3.33 | 3.33 | 3.83 | 5.99 | 5.02 | 1.96 | 1.51 | 1.23 | 1.16 | 1.05 | 1.07 |
| Debt / EBITDA | 3.33 | 3.33 | 4.04 | 3.58 | 8.36 | 5.31 | 3.61 | 2.68 | 2.57 | 2.34 | 2.94 |
| Net Debt / Equity | — | 2.89 | 3.32 | 5.25 | 4.07 | 1.56 | 1.36 | 0.49 | 0.59 | 0.44 | 0.57 |
| Net Debt / EBITDA | 2.88 | 2.88 | 3.51 | 3.14 | 6.78 | 4.21 | 3.26 | 1.07 | 1.31 | 0.99 | 1.56 |
| Debt / FCF | — | 19.99 | — | — | — | — | — | 3.85 | — | 8.37 | 6.08 |
| Interest Coverage | -0.34 | -0.34 | -1.31 | -0.27 | -3.43 | -1.83 | 0.24 | 2.29 | 1.95 | 3.56 | 3.27 |
MANU Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.38x is below 1.0, meaning current liabilities exceed current assets.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.38 | 0.38 | 0.36 | 0.37 | 0.48 | 0.55 | 0.56 | 0.91 | 0.90 | 0.97 | 0.91 |
| Quick Ratio | 0.36 | 0.36 | 0.35 | 0.36 | 0.47 | 0.55 | 0.56 | 0.90 | 0.89 | 0.97 | 0.91 |
| Cash Ratio | 0.11 | 0.11 | 0.15 | 0.14 | 0.24 | 0.29 | 0.13 | 0.72 | 0.52 | 0.71 | 0.57 |
| Asset Turnover | — | 0.41 | 0.49 | 0.49 | 0.45 | 0.39 | 0.37 | 0.42 | 0.38 | 0.38 | 0.35 |
| Inventory Turnover | 9.02 | 9.02 | 26.46 | 31.98 | — | 18.77 | 27.34 | 30.93 | 52.71 | 48.14 | 71.06 |
| Days Sales Outstanding | — | 83.93 | 43.86 | 50.52 | 53.48 | 67.16 | 116.12 | 37.96 | 97.22 | 56.66 | 82.20 |
MANU Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Manchester United plc does not currently pay a dividend and has no material buyback yield, reinvesting earnings back into the business.
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 | — | — | — | — | 1.9% | 0.4% | 0.9% | 0.8% | 0.6% | 0.9% | 0.8% |
| Payout Ratio | — | — | — | — | — | — | — | 123.5% | — | 59.4% | 55.2% |
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 | — | — | — | — | — | — | — | 0.6% | — | 1.5% | 1.4% |
| FCF Yield | 1.2% | 0.9% | — | — | — | — | — | 1.8% | — | 1.0% | 1.6% |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.8% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.0% | 1.9% | 0.4% | 1.7% | 0.8% | 0.6% | 0.9% | 0.8% |
| Shares Outstanding | — | $173M | $165M | $163M | $163M | $163M | $164M | $165M | $165M | $164M | $164M |
Peer Comparison
Compare MANU 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 |
|---|---|---|---|---|---|---|---|---|---|
 MANUYou | $3B | -73.0 | 15.2 | 85.5 | 82.3% | -2.8% | -19.5% | -2.0% | 3.3 |
 MSGE | $3B | 86.9 | 21.5 | 29.1 | 43.2% | 13.0% | — | 8.5% | 6.7 |
 FWONK | $20B | — | — | 21.8 | — | — | — | — | — |
 TKO | $37B | 84.3 | 27.9 | 32.0 | 49.6% | 20.3% | 2.2% | 6.1% | 2.8 |
 NKE | $52B | 20.3 | 12.4 | 16.0 | 42.7% | 8.0% | 23.3% | 16.7% | 2.4 |
 EA | $50B | 57.2 | 39.8 | 21.6 | 79.0% | 15.4% | 13.5% | 14.7% | 1.2 |
 DIS | $191B | 15.8 | 12.0 | 19.0 | 37.8% | 14.6% | 11.3% | 6.9% | 2.3 |
 NFLX | $374B | 34.9 | 12.6 | 39.5 | 48.5% | 29.5% | 42.8% | 29.8% | 0.5 |
 BRLS | $33M | -1.2 | — | — | 7.9% | -73.7% | -365.4% | -62.0% | — |
 PENN | $2B | -2.9 | 13.8 | — | 27.4% | 3.9% | -36.0% | 1.8% | 11.7 |
 DKNG | $12B | -2953.1 | 46.9 | 18.3 | 41.3% | -0.3% | 0.5% | -0.9% | 7.4 |
| Communication Services Median | — | 15.5 | 8.7 | 11.6 | 49.1% | 0.9% | 2.2% | 3.3% | 3.4 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 17 years · Updated daily
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Start ComparisonMANU — Frequently Asked Questions
Quick answers to the most common questions about buying MANU stock.
What is Manchester United plc's P/E ratio?
Manchester United plc's current P/E ratio is -73.0x. The historical average is 87.7x.
What is Manchester United plc's EV/EBITDA?
Manchester United plc's current EV/EBITDA is 15.2x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 22.0x.
What is Manchester United plc's ROE?
Manchester United plc's return on equity (ROE) is -19.5%. The historical average is -3.9%.
Is MANU stock overvalued?
Based on historical data, Manchester United plc is trading at a P/E of -73.0x. Compare with industry peers and growth rates for a complete picture.
What are Manchester United plc's profit margins?
Manchester United plc has 82.3% gross margin and -2.8% operating margin.
How much debt does Manchester United plc have?
Manchester United plc's Debt/EBITDA ratio is 3.3x, indicating high leverage. A ratio between 2-4x is manageable but warrants monitoring.