Latest Ratios: P/E Ratio 33.4x · EV/EBITDA 9.8x · ROE 2.8%. (1996–2025 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 | $827M | $485M | $692M | $602M | $449M | $563M | $418M | $1.0B | $1.1B | $772M | $882M |
| Enterprise Value | $1.1B | $797M | $1.0B | $926M | $835M | $1.1B | $975M | $1.5B | $1.4B | $1.1B | $1.2B |
| P/E Ratio → | 33.45 | 37.83 | — | 40.81 | — | — | — | 24.15 | 20.70 | 11.88 | 23.20 |
| P/S Ratio | 1.01 | 0.64 | 0.94 | 0.83 | 0.66 | 1.23 | 1.76 | 1.24 | 1.56 | 1.24 | 1.62 |
| P/B Ratio | 1.83 | 1.06 | 1.49 | 1.28 | 0.98 | 1.24 | 0.84 | 1.63 | 2.26 | 1.73 | 2.24 |
| P/FCF | 10.75 | 490.53 | 27.98 | 9.43 | 7.96 | 19.30 | — | 13.12 | 14.04 | — | — |
| P/OCF | 9.82 | 5.76 | 6.66 | 5.87 | 4.81 | 12.17 | — | 7.18 | 8.05 | 7.08 | 10.67 |
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 | — | 1.05 | 1.36 | 1.27 | 1.23 | 2.31 | 4.10 | 1.80 | 1.92 | 1.76 | 2.20 |
| EV / EBITDA | 9.81 | 8.68 | 11.93 | 9.14 | 11.07 | 34.57 | — | 10.54 | 9.36 | 8.45 | 10.51 |
| EV / EBIT | 52.53 | 39.50 | 1315.52 | 26.93 | 62.61 | — | — | 22.35 | 17.01 | 13.64 | 17.14 |
| EV / FCF | — | 806.04 | 40.59 | 14.50 | 14.81 | 36.35 | — | 19.12 | 17.22 | — | — |
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 | 38.7% | 38.7% | 39.1% | 39.3% | 38.0% | 40.1% | 28.8% | 44.7% | 48.4% | 50.3% | 52.5% |
| Operating Margin | 2.9% | 2.9% | 2.2% | 4.7% | 1.2% | -9.0% | -75.1% | 8.3% | 11.8% | 12.4% | 13.1% |
| Net Profit Margin | 1.7% | 1.7% | -1.1% | 2.0% | -1.8% | -9.4% | -52.5% | 5.1% | 7.6% | 10.4% | 7.0% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 2.8% | 2.8% | -1.7% | 3.2% | -2.6% | -9.1% | -22.3% | 7.6% | 11.4% | 15.5% | 10.0% |
| ROA | 1.2% | 1.2% | -0.7% | 1.4% | -1.1% | -3.5% | -9.6% | 3.6% | 5.3% | 6.7% | 4.4% |
| ROIC | 2.1% | 2.1% | 1.5% | 3.1% | 0.7% | -3.1% | -12.5% | 5.6% | 8.3% | 7.9% | 8.3% |
| ROCE | 2.5% | 2.5% | 1.8% | 3.8% | 0.9% | -4.1% | -16.1% | 6.7% | 9.8% | 9.7% | 10.1% |
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 | 0.73 | 0.73 | 0.76 | 0.80 | 0.89 | 1.14 | 1.13 | 0.78 | 0.54 | 0.76 | 0.80 |
| Debt / EBITDA | 3.65 | 3.65 | 4.19 | 3.74 | 5.41 | 16.79 | — | 3.45 | 1.84 | 2.61 | 2.78 |
| Net Debt / Equity | — | 0.68 | 0.67 | 0.69 | 0.84 | 1.10 | 1.12 | 0.75 | 0.51 | 0.72 | 0.80 |
| Net Debt / EBITDA | 3.40 | 3.40 | 3.71 | 3.20 | 5.12 | 16.22 | — | 3.31 | 1.72 | 2.48 | 2.75 |
| Debt / FCF | — | 315.50 | 12.61 | 5.07 | 6.85 | 17.05 | — | 6.00 | 3.17 | — | — |
| Interest Coverage | 1.76 | 1.76 | 0.07 | 2.70 | 0.87 | -2.15 | -11.03 | 5.62 | 6.09 | 6.63 | 7.60 |
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 | 0.45 | 0.45 | 0.57 | 0.67 | 0.41 | 0.47 | 0.31 | 0.45 | 0.46 | 0.48 | 0.21 |
| Quick Ratio | 0.41 | 0.41 | 0.53 | 0.63 | 0.37 | 0.45 | 0.30 | 0.42 | 0.43 | 0.46 | 0.19 |
| Cash Ratio | 0.14 | 0.14 | 0.28 | 0.37 | 0.16 | 0.10 | 0.04 | 0.15 | 0.15 | 0.13 | 0.02 |
| Asset Turnover | — | 0.75 | 0.70 | 0.68 | 0.64 | 0.39 | 0.19 | 0.60 | 0.71 | 0.61 | 0.60 |
| Inventory Turnover | 66.17 | 66.17 | 64.29 | 74.91 | 74.18 | 55.87 | 49.31 | 80.07 | 88.26 | 83.84 | 65.11 |
| Days Sales Outstanding | — | 9.18 | 10.65 | 9.86 | 11.56 | 44.34 | 0.62 | 13.10 | 13.26 | 15.96 | 9.91 |
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 | 1.1% | 1.9% | 1.3% | 1.2% | 0.7% | — | 1.2% | 1.9% | 1.5% | 1.7% | 1.4% |
| Payout Ratio | 72.2% | 72.2% | — | 50.4% | — | — | — | 46.0% | 30.7% | 20.8% | 31.8% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 3.0% | 2.6% | — | 2.5% | — | — | — | 4.1% | 4.8% | 8.4% | 4.3% |
| FCF Yield | 9.3% | 0.2% | 3.6% | 10.6% | 12.6% | 5.2% | — | 7.6% | 7.1% | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.1% | 0.3% | 0.1% | 0.1% | 0.1% | 0.2% | 0.1% | 0.7% |
| Total Shareholder Yield | 1.1% | 1.9% | 1.3% | 1.3% | 1.0% | 0.1% | 1.4% | 2.0% | 1.7% | 1.8% | 2.1% |
| Shares Outstanding | — | $31M | $32M | $41M | $31M | $31M | $31M | $31M | $29M | $28M | $28M |
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying MCS stock.
The Marcus Corporation's current P/E ratio is 33.4x. The historical average is 20.7x. This places it at the 92th percentile of its historical range.
The Marcus Corporation's current EV/EBITDA is 9.8x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 10.3x.
The Marcus Corporation's return on equity (ROE) is 2.8%. The historical average is 5.7%.
Based on historical data, The Marcus Corporation is trading at a P/E of 33.4x. This is at the 92th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
The Marcus Corporation's current dividend yield is 1.09% with a payout ratio of 72.2%.
The Marcus Corporation has 38.7% gross margin and 2.9% operating margin.
The Marcus Corporation's Debt/EBITDA ratio is 3.7x, indicating high leverage. A ratio between 2-4x is manageable but warrants monitoring.
Key Metrics
Top Statement Risk
Volatile quarterly profitability and liquidity
Metrics are mathematically derived from official filings.
Premium Multiples Price in Earnings Recovery
Based on reported figures, MCS trades at a trailing P/E of 65.27 and forward P/E of 32.44, a steep compression that implies the market expects earnings to normalize sharply upward from recent thin trailing results.
The gap between trailing and forward P/E suggests investors are capitalizing a recovery rather than current earnings, which warrants monitoring given that trailing net margins have been erratic. The EV/EBITDA of 12.40 against a forward 10.31 points to a similar expectation of EBITDA expansion. Relative to peers, MCS sits well below IMAX on trailing P/E but above AMC's negative-earnings profile, so the multiple is best read as a bet on margin stabilization rather than an absolute bargain.
Margin Volatility Obscures True Earning Power
As reported in the financial statements, MCS operating margin ranged from negative 13.7% to 12.7% across ten quarters, meaning no single period reliably represents normalized profitability.
Gross margin readings between 2.4% and 91.9% almost certainly reflect inconsistent cost classification rather than pricing power, so operating margin is a more defensible anchor. The recent 12.7% operating margin is encouraging but has only appeared in one or two quarters. Compared with IMAX's reported 8.5% net margin and 12.7% ROIC, MCS's ROIC of 2.9% appears structurally lower, suggesting its asset base is working less efficiently.
Debt Reduction Offset by Erratic Coverage
Based on MCS's reported figures, debt-to-equity fell to 0.67 from a peak near 0.88, yet interest coverage swung between negative values and 12.02x, indicating debt service comfort depends heavily on the quarter.
The reduction in total debt from roughly $388M to $320M is a constructive development that lowers refinancing pressure. However, coverage readings in negative territory during loss quarters suggest that earnings, not debt levels alone, drive serviceability risk. Investors should monitor whether the recent positive coverage persists over subsequent quarters before concluding leverage is comfortably managed.
Thin Current Ratio Signals Timing Sensitivity
As reported in financial statements, MCS current ratio moved between 0.13 and 1.47 over the period, a range that suggests short-term liquidity is highly sensitive to quarterly working capital timing.
Current ratios below 1.0 in several quarters imply that short-term obligations have at times exceeded liquid assets, which is manageable only if operating cash flow remains dependable. Cash balances of roughly $7M at the low end offer limited buffer under severe stress. The position appears adequate in favorable quarters but would likely be strained by a prolonged revenue or cash conversion shortfall.
Leverage Gap Versus Cinemark and IMAX
Based on peer context, MCS ROE of 4.0% trails Cinemark's 26.5% while its debt-to-equity of 0.67 is far below Cinemark's 9.14, suggesting a structurally more conservative but lower-return capital structure.
The peer gap in leverage is structural, reflecting MCS's asset base and historically conservative financing, rather than a temporary condition. The return gap, however, appears partly temporary, since MCS's recent quarterly ROE improved from negative levels. Against IMAX, MCS lags on ROIC, indicating that its capital is deployed less productively even after adjusting for its lower leverage.
Price-to-Free-Cash-Flow Misleads on Cash Generation
The P/FCF of 836.28 is the ratio most often misapplied here, since reported free cash flow was negative in two of ten quarters and the multiple reflects near-zero trailing cash yield rather than a meaningful valuation signal.
Applying P/FCF to a business with capital-intensive PP&E and volatile working capital produces an extreme figure that obscures whether cash generation is improving. A more informative substitute is a multi-quarter cumulative FCF margin paired with EV/EBITDA adjusted for lease and maintenance capital expenditure. Investors should treat the current multiple as a signal of thin trailing free cash flow rather than an absolute valuation verdict.