Manchester United plc (MANU) Financial Ratios
17 years of historical data (2009–2025) · Communication Services · Entertainment
EV/EBITDA
↓
19.78
↓-24% vs avg
5yr avg: 25.89
30Y Low14.4·High31.0
P/FCF
104.30
-5% vs avg
5yr avg: 109.87
30Y Low56.3·High139.5
P/B Ratio
↑
15.06
↓-21% vs avg
5yr avg: 19.17
30Y Low5.6·High38.2
ROE
↑
-18.4%
↓+59% vs avg
5yr avg: -44.9%
30Y Low-90%·High80%
Debt/EBITDA
↓
3.67
↓-25% vs avg
5yr avg: 4.90
30Y Low2.4·High7.9
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 104.3x P/FCF, 5% 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 | $3.9B | $3.1B | $2.7B | $4.0B | $1.8B | $2.5B | $2.6B | $3.0B | $3.4B | $2.7B | $2.6B |
| Enterprise Value | $4.6B | $3.6B | $3.2B | $4.5B | $2.3B | $2.9B | $3.1B | $3.2B | $3.6B | $2.9B | $2.9B |
| P/E Ratio → | -88.98 | — | — | — | — | — | — | 164.36 | — | 67.71 | 72.41 |
| P/S Ratio | 4.64 | 4.89 | 4.05 | 6.46 | 2.84 | 5.14 | 5.06 | 4.65 | 5.62 | 4.70 | 4.57 |
| P/B Ratio | 15.06 | 15.87 | 18.42 | 38.24 | 14.22 | 9.08 | 7.40 | 7.17 | 7.94 | 5.57 | 5.71 |
| P/FCF | 104.30 | 109.87 | — | — | — | — | — | 56.31 | — | 104.98 | 61.02 |
| P/OCF | 40.14 | 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 19.8x EBITDA, 24% below its 5-year average of 25.9x. The Communication Services sector median is 9.6x, placing the stock at a 106% 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 | — | 5.78 | 4.79 | 7.34 | 3.65 | 6.03 | 5.99 | 4.97 | 6.04 | 5.07 | 5.02 |
| EV / EBITDA | 19.78 | 20.67 | 21.16 | 30.37 | 26.23 | 31.04 | 23.21 | 16.77 | 20.03 | 14.56 | 14.35 |
| EV / EBIT | — | — | — | — | — | — | — | 69.24 | 124.01 | 43.38 | 31.41 |
| 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 -4.0%, below the Communication Services sector average of 1.6%. A negative ROE of -18.4% 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 | -3.8% | -3.8% | -8.4% | -4.4% | -14.2% | -8.5% | -1.6% | 7.6% | 5.3% | 12.3% | 16.7% |
| Operating Margin | -4.0% | -4.0% | -8.6% | -4.5% | -14.5% | -8.7% | -1.9% | 7.2% | 4.9% | 11.7% | 16.0% |
| 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 | -18.4% | -18.4% | -90.5% | -23.5% | -63.2% | -28.8% | -6.1% | 4.6% | -8.5% | 8.2% | 8.6% |
| ROA | -2.1% | -2.1% | -8.5% | -2.1% | -9.9% | -6.8% | -1.6% | 1.3% | -2.5% | 2.6% | 2.9% |
| ROIC | -2.7% | -2.7% | -6.6% | -3.2% | -10.3% | -4.1% | -1.0% | 5.3% | 3.2% | 7.1% | 9.5% |
| ROCE | -2.9% | -2.9% | -6.9% | -3.5% | -11.0% | -4.5% | -1.0% | 4.3% | 2.7% | 6.1% | 9.0% |
MANU Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Manchester United plc carries a Debt/EBITDA ratio of 3.7x, which is moderately leveraged (roughly in line with the sector average of 3.6x). 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 | 3.67 | 3.67 | 3.73 | 4.18 | 7.20 | 5.72 | 4.00 | 2.70 | 2.73 | 2.54 | 2.44 |
| 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 | 3.18 | 3.18 | 3.24 | 3.67 | 5.84 | 4.54 | 3.61 | 1.07 | 1.39 | 1.07 | 1.30 |
| Debt / FCF | — | 19.99 | — | — | — | — | — | 3.85 | — | 8.37 | 6.08 |
| Interest Coverage | -0.67 | -0.67 | -1.46 | -0.85 | -3.54 | -2.16 | -0.46 | 2.23 | 1.46 | 3.25 | 4.29 |
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 | — | 0.38 | 0.49 | 0.47 | 0.49 | 0.38 | 0.37 | 0.43 | 0.39 | 0.37 | 0.39 |
| Inventory Turnover | 50.00 | 50.00 | 201.35 | 203.02 | 331.54 | 250.86 | 238.96 | 277.76 | 403.66 | 304.78 | 515.32 |
| Days Sales Outstanding | — | 89.00 | 44.10 | 53.20 | 48.84 | 68.98 | 114.96 | 37.17 | 94.98 | 57.88 | 73.93 |
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 | — | — | — | — | — | — | — | 121.0% | — | 60.7% | 49.7% |
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 | 1.0% | 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 | $4B | -89.0 | 19.8 | 104.3 | -3.8% | -4.0% | -18.4% | -2.7% | 3.7 |
 MSGE | $3B | 95.4 | 24.1 | 37.3 | 43.2% | 14.3% | — | 9.3% | 6.3 |
 FWONK | $23B | 42.2 | 26.9 | 30.3 | 24.9% | 13.5% | 7.0% | 4.5% | 5.1 |
 TKO | $39B | 88.0 | 29.0 | 33.4 | 49.6% | 20.3% | 2.2% | 6.1% | 2.8 |
 NKE | $54B | 20.9 | 12.7 | 16.5 | 42.7% | 8.0% | 23.3% | 16.7% | 2.4 |
 EA | $51B | 57.6 | 40.1 | 21.8 | 79.0% | 15.4% | 13.5% | 14.7% | 1.2 |
 DIS | $180B | 15.2 | 11.5 | 17.9 | 37.8% | 14.6% | 11.3% | 6.9% | 2.3 |
 NFLX | $328B | 30.6 | 11.1 | 34.7 | 48.5% | 29.5% | 42.8% | 29.8% | 0.5 |
 BRLS | $28M | -1.5 | — | — | 11.7% | -36.7% | — | -0.2% | — |
 PENN | $3B | -3.7 | 14.7 | — | 27.4% | 3.9% | -36.0% | 1.8% | 11.7 |
 DKNG | $13B | -3258.0 | 51.7 | 20.2 | 41.3% | -0.3% | 0.5% | -0.9% | 7.4 |
| Communication Services Median | — | 15.3 | 9.6 | 11.4 | 48.5% | 1.6% | 2.0% | 2.6% | 3.6 |
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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MANU — 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 -89.0x. The historical average is 87.7x.
What is Manchester United plc's EV/EBITDA?
Manchester United plc's current EV/EBITDA is 19.8x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 22.7x.
What is Manchester United plc's ROE?
Manchester United plc's return on equity (ROE) is -18.4%. The historical average is -4.1%.
Is MANU stock overvalued?
Based on historical data, Manchester United plc is trading at a P/E of -89.0x. Compare with industry peers and growth rates for a complete picture.
What are Manchester United plc's profit margins?
Manchester United plc has -3.8% gross margin and -4.0% operating margin.
How much debt does Manchester United plc have?
Manchester United plc's Debt/EBITDA ratio is 3.7x, indicating high leverage. A ratio between 2-4x is manageable but warrants monitoring.