Last 48 quarters of trend data · Communication Services · Entertainment
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
Manchester United plc's quarterly P/E stands at 164.5x. EV/EBITDA has compressed 30.4% YoY to 11.0x, reflecting multiple compression or accelerating EBITDA.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | -70.46 | 164.46 | — | — | — | — | 518.59 | — | — | 42.46 | — | — | — |
| — | — | — | — | — | — | — | — | — | -72.0% | — | — | — | |
| P/S Ratio | 1.13 | 3.61 | 4.65 | 4.67 | 3.51 | 3.71 | 4.79 | 4.70 | 4.23 | 3.70 | 5.14 | 5.94 | 5.31 |
| — | -2.6% | -2.9% | -0.7% | -17.0% | +0.3% | -6.8% | -20.8% | -20.3% | -35.2% | +36.5% | +55.3% | +37.6% | |
| P/B Ratio | 11.93 | 14.41 | 14.01 | 15.84 | 11.43 | 14.97 | 18.49 | 18.47 | 12.64 | 34.75 | 44.86 | 38.24 | 34.56 |
| — | -3.7% | -24.2% | -14.2% | -9.6% | -56.9% | -58.8% | -51.7% | -63.4% | -0.1% | +109.8% | +169.0% | +209.9% | |
| P/FCF | 26.83 | — | — | 8.56 | — | — | — | 5.62 | — | — | — | 10.80 | 24.72 |
| — | — | — | +52.2% | — | — | — | -47.9% | — | — | — | -40.6% | -49.5% | |
| EV / EBITDA | 6.76 | 11.01 | 11.42 | 24.82 | 14.29 | 15.81 | 16.38 | 43.30 | — | 12.34 | 18.43 | 23.71 | 25.57 |
| — | -30.4% | -30.3% | -42.7% | — | +28.1% | -11.1% | +82.6% | — | -50.2% | +5.1% | — | -24.3% | |
| EV / EBIT | — | 53.20 | 128.93 | — | 73.11 | 406.63 | 54.24 | — | — | 37.42 | — | 102.19 | 197.52 |
| — | -86.9% | +137.7% | — | — | +986.6% | — | — | — | -35.2% | — | — | — |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Manchester United plc's operating margin was 10.3% in Q2 2026, up 1.0 pp QoQ and up 8.7 pp YoY. This marks the 3rd consecutive quarter of margin expansion, signaling a sustained improvement in operating efficiency. The trailing four-quarter average of 2.7% lags the current quarter, suggesting the recent improvement is above-trend. Gross margin contracted 90.7% YoY, suggesting cost inflation or competitive pricing pressure.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 82.3% | 8.6% | 89.1% | 74.8% | 100.0% | 92.7% | 100.0% | 100.0% | 100.0% | 12.0% | 100.0% | 79.1% | 84.2% |
| — | -90.7% | -10.9% | -25.2% | 0.0% | +672.1% | 0.0% | +26.4% | +18.8% | -86.6% | 0.0% | -0.2% | -5.9% | |
| Operating Margin | -2.8% | 10.3% | 9.3% | -9.3% | 0.4% | 1.5% | -4.9% | -22.8% | -48.5% | 12.2% | 1.2% | -0.2% | -2.8% |
| — | +570.2% | +290.2% | +59.3% | +100.9% | -87.4% | -521.6% | -14566.9% | -1661.7% | +812.7% | +149.1% | +99.7% | +80.7% | |
| Net Margin | -5.0% | 2.2% | -4.7% | -2.4% | -1.7% | -14.0% | 0.9% | -25.5% | -52.3% | 9.0% | -16.4% | -1.7% | -3.3% |
| — | +115.7% | -610.6% | +90.7% | +96.8% | -254.7% | +105.7% | -1361.3% | -1503.5% | +139.5% | +11.2% | +97.1% | +82.0% |
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -19.5% | 2.2% | -3.5% | -2.0% | -1.4% | -16.1% | 0.9% | -22.1% | -51.2% | 24.3% | -29.3% | -2.8% | -5.2% |
| — | +113.8% | -486.2% | +91.0% | +97.3% | -166.3% | +103.1% | -689.0% | -889.1% | +305.7% | -26.3% | +93.3% | +57.2% | |
| ROA | -2.2% | 0.2% | -0.4% | -0.2% | -0.2% | -1.7% | 0.1% | -2.7% | -5.0% | 1.4% | -1.8% | -0.2% | -0.4% |
| — | +114.4% | -544.5% | +90.9% | +96.6% | -225.6% | +104.9% | -1127.4% | -1166.2% | +207.5% | +7.1% | +96.0% | +80.9% | |
| ROIC | -2.0% | 1.6% | 1.2% | -1.4% | 0.1% | 0.3% | -0.8% | -3.5% | -6.2% | 2.7% | 0.2% | -0.0% | -0.4% |
| — | +460.3% | +255.6% | +58.7% | +101.0% | -89.0% | -494.0% | -12389.2% | -1306.4% | +1084.1% | +154.6% | +99.6% | +80.2% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
Manchester United plc's Debt/EBITDA ratio is 9.9x, down from 10.5x last quarter — elevated, raising questions about debt serviceability. The current ratio has weakened 22.3% YoY to 0.32x, tightening the short-term liquidity position. Debt/Equity has risen for 3 consecutive quarters, indicating increasing financial leverage that investors should watch closely.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 3.33 | 4.09 | 4.07 | 3.33 | 3.66 | 3.76 | 4.88 | 3.83 | 3.62 | 8.14 | 10.31 | 5.99 | 6.97 |
| — | +8.7% | -16.6% | -13.1% | +1.1% | -53.8% | -52.7% | -36.0% | -48.1% | +19.9% | +52.6% | +19.1% | +147.3% | |
| Debt / EBITDA | 3.33 | 9.86 | 10.53 | 17.66 | 14.20 | 13.04 | 14.29 | 30.45 | — | 9.52 | 14.06 | 13.05 | 17.46 |
| — | -24.4% | -26.4% | -42.0% | — | +37.0% | +1.7% | +133.4% | — | -41.6% | -17.3% | — | -38.0% | |
| Current Ratio | 0.38 | 0.32 | 0.31 | 0.38 | 0.39 | 0.41 | 0.36 | 0.36 | 0.38 | 0.37 | 0.31 | 0.37 | 0.39 |
| — | -22.3% | -15.3% | +5.7% | +1.6% | +13.6% | +17.6% | -2.6% | -2.4% | -9.4% | -5.2% | -23.3% | -18.9% | |
| Quick Ratio | 0.36 | 0.30 | 0.29 | 0.36 | 0.37 | 0.40 | 0.35 | 0.35 | 0.37 | 0.36 | 0.30 | 0.36 | 0.39 |
| — | -24.5% | -17.7% | +2.9% | -0.9% | +10.1% | +15.1% | -3.0% | -3.3% | -9.7% | -5.3% | -23.8% | -18.9% | |
| Interest Coverage | -0.34 | — | 0.94 | -1.79 | 0.05 | 0.07 | -0.35 | -2.79 | -4.86 | 1.66 | 0.05 | -0.02 | -0.43 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 48 years · Updated daily
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Start ComparisonManchester United plc's current P/E is -70.5x. The average P/E over the last 1 quarters is 164.5x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Manchester United plc's current operating margin is -2.8%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Manchester United plc's business trajectory between earnings reports.