Latest Ratios: P/E Ratio 67.8x · EV/EBITDA 12.7x · 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 | $859M | $485M | $692M | $602M | $449M | $563M | $418M | $1.0B | $1.1B | $772M | $882M |
| Enterprise Value | $1.2B | $797M | $1.0B | $926M | $835M | $1.1B | $975M | $1.5B | $1.4B | $1.1B | $1.2B |
| P/E Ratio → | 67.80 | 37.83 | — | 40.81 | — | — | — | 24.15 | 20.70 | 11.88 | 23.20 |
| P/S Ratio | 1.13 | 0.64 | 0.94 | 0.83 | 0.66 | 1.23 | 1.76 | 1.24 | 1.56 | 1.24 | 1.62 |
| P/B Ratio | 1.90 | 1.06 | 1.49 | 1.28 | 0.98 | 1.24 | 0.84 | 1.63 | 2.26 | 1.73 | 2.24 |
| P/FCF | 868.78 | 490.53 | 27.98 | 9.43 | 7.96 | 19.30 | — | 13.12 | 14.04 | — | — |
| P/OCF | 10.20 | 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 | 12.75 | 8.68 | 11.93 | 9.14 | 11.07 | 34.57 | — | 10.54 | 9.36 | 8.45 | 10.51 |
| EV / EBIT | 54.02 | 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 | 0.40 | 0.40 | 0.57 | 0.67 | 0.41 | 0.47 | 0.31 | 0.45 | 0.46 | 0.48 | 0.21 |
| Quick Ratio | 0.40 | 0.40 | 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 | — | — | 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 | 1.5% | 2.6% | — | 2.5% | — | — | — | 4.1% | 4.8% | 8.4% | 4.3% |
| FCF Yield | 0.1% | 0.2% | 3.6% | 10.6% | 12.6% | 5.2% | — | 7.6% | 7.1% | — | — |
| Buyback Yield | 2.2% | 3.8% | 1.4% | 0.1% | 0.3% | 0.1% | 0.1% | 0.1% | 0.2% | 0.1% | 0.7% |
| Total Shareholder Yield | 3.2% | 5.7% | 2.7% | 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
Live VCP patterns, Cup & Handle overlays, support/resistance, and AI trade plans.
High-probability breakout stocks crossing their pivot across 5 pattern engines.
DCF models, multiple analysis, and analyst estimates.
10-year return with dividends reinvested.
Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying MCS stock.
The Marcus Corporation's current P/E ratio is 67.8x. The historical average is 20.7x. This places it at the 100th percentile of its historical range.
The Marcus Corporation's current EV/EBITDA is 12.7x. 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 67.8x. This is at the 100th 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 1.05% 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
Erratic earnings and liquidity volatility
Metrics are mathematically derived from official filings.
Valuation Premium Amidst Earnings Distortion
The P/E TTM of 72.24 suggests investors are pricing in a significant earnings recovery that is not yet visible in the trailing operational results, indicating the multiple may be distorted by non-recurring charges rather than reflecting true growth expectations.
The trailing P/E is substantially elevated relative to the reported negative or minimal net margins over several quarters, implying the multiple is based on a transient profit spike. The forward P/E of 42.93 projects a major earnings rebound, but the extreme volatility in COGS and operating income seen in the historical data makes such forward estimates highly speculative. Investors are likely pricing the equity on a normalized earnings power not yet demonstrated, creating significant valuation risk if operational execution falters.
Margin Volatility Obscures True Earning Power
Gross margins have swung wildly from 2.4% to 91.9% over the past ten quarters, a pattern that indicates the income statement is heavily influenced by non-operational items and makes assessing the company's core profitability impossible based on reported figures.
The erratic gross margin profile suggests the Cost of Goods Sold line is not a pure reflection of production costs but includes material non-recurring adjustments. Consequently, the operating margin, which also swings from -13.7% to 14.1%, is an unreliable indicator of recurring operational efficiency. The net margin's volatility, including a -11.5% reading in 2024Q2, confirms that the reported profit and loss statement does not provide a stable foundation for analyzing the company's true cost structure or sustainable profit potential.
Debt Serviceability Fluctuates with Earnings
Interest coverage has fluctuated between -7.74x and 10.38x, a direct consequence of the volatile operating income, which means the company's ability to service its debt from core operations is inconsistent and poses a refinancing risk during weaker periods.
While the Debt-to-Equity ratio has improved slightly to 0.84 in 2026Q2 from 0.88 in 2025Q1, the underlying interest coverage metric is far more informative. The swings into negative coverage, as seen in 2024Q2 and 2025Q1, indicate that during operational downturns, the company may not generate sufficient earnings to comfortably cover interest payments, potentially requiring draws on credit facilities. This volatility in coverage, more than the static leverage ratio, represents the primary financial risk in the capital structure.
Current Ratio Volatility Reveals Stress Points
The current ratio's plunge to 0.13 in 2026Q2 from 1.47 in the prior quarter highlights a precarious and highly seasonal liquidity position that leaves minimal buffer for unforeseen short-term obligations.
A current ratio below 1.0, and especially one at 0.13, implies that current liabilities vastly exceed liquid assets, a position that is only sustainable with highly predictable and immediate cash inflows. The quick ratio mirrors this volatility, confirming the liquidity stress is not inventory-driven. This pattern suggests the company operates with a significant structural working capital deficit or relies heavily on revolving credit to manage seasonal cash flow swings, which could become problematic in a credit-tightening environment.
Working Capital Timing Dominates Cash Cycles
Days Payable Outstanding has been extremely volatile, ranging from -14 to 207 days, indicating that supplier payment timing is a major variable driver of working capital and cash flow, potentially masking underlying efficiency trends.
The erratic DPO, coupled with the absence of meaningful Days Inventory Outstanding data, suggests the cash conversion cycle is driven more by financial management decisions than operational efficiency. The negative DPO in 2025Q4 implies the company was paying suppliers ahead of schedule, which may have been a strategic move to secure inventory or favorable terms, but it creates cash flow volatility. Asset turnover remains low and stable around 0.20x, indicating the heavy asset base is consistently underutilized from a revenue generation perspective.
The P/E Ratio is Meaningless Without Normalization
The most commonly misapplied ratio is the trailing P/E, as the 72.24 multiple is calculated on a volatile earnings base heavily distorted by non-recurring COGS adjustments, rendering it analytically useless for assessing valuation.
Applying a P/E ratio to MCS's reported earnings is misleading because the net income figure is not representative of ongoing operations, as evidenced by the swings in gross and operating margins. A more appropriate metric would be an EV/EBITDA multiple on a normalized, trailing twelve-month basis that smooths out the quarterly volatility, or a price-to-sales ratio. The current P/E implies a growth company, while the volatile ratios and heavy asset base suggest a cyclical, capital-intensive business requiring careful normalization for proper valuation.