PENN Entertainment, Inc. (PENN) Financial Ratios
30 years of historical data (1996–2025) · Consumer Cyclical · Gambling, Resorts & Casinos
EV/EBITDA
↑
14.65
-9% vs avg
5yr avg: 16.15
30Y Low3.3·High26.8
P/FCF
↑
N/A
—
5yr avg: 25.54
30Y Low2.2·High58.7
P/B Ratio
↓
1.69
+18% vs avg
5yr avg: 1.43
30Y Low0.2·High4.4
ROE
↓
-36.0%
↑-324% vs avg
5yr avg: -8.5%
30Y Low-53%·High45%
Debt/EBITDA
↑
11.65
↓-8% vs avg
5yr avg: 12.63
30Y Low2.6·High27.9
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
PENN Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
PENN Entertainment, Inc. currently has a negative P/E ratio, indicating the company is operating at a loss on a trailing-twelve-month basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $2.8B | $2.1B | $3.0B | $4.0B | $5.2B | $9.1B | $11.6B | $3.0B | $1.9B | $2.9B | $1.3B |
| Enterprise Value | $10.5B | $9.8B | $13.6B | $14.4B | $16.5B | $18.8B | $20.9B | $13.9B | $11.0B | $7.4B | $6.0B |
| P/E Ratio → | -3.65 | — | — | — | 23.02 | 20.91 | — | 69.08 | 20.25 | 5.81 | 11.59 |
| P/S Ratio | 0.41 | 0.31 | 0.46 | 0.62 | 0.82 | 1.54 | 3.23 | 0.57 | 0.53 | 0.93 | 0.42 |
| P/B Ratio | 1.69 | 1.17 | 1.05 | 1.24 | 1.46 | 2.22 | 4.36 | 1.63 | 2.58 | — | — |
| P/FCF | — | — | — | 53.48 | 8.66 | 14.49 | 58.75 | 6.00 | 10.58 | 8.16 | 4.14 |
| P/OCF | 5.60 | 4.20 | 8.39 | 8.68 | 5.97 | 10.15 | 34.16 | 4.28 | 5.36 | 6.37 | 3.11 |
P/E links to full P/E history page with 30-year chart
PENN EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
PENN Entertainment, Inc.'s enterprise value stands at 14.7x EBITDA, 9% below its 5-year average of 16.1x. The Consumer Cyclical sector median is 12.2x, placing the stock at a 20% 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 | — | 1.41 | 2.06 | 2.27 | 2.58 | 3.19 | 5.83 | 2.62 | 3.06 | 2.36 | 1.96 |
| EV / EBITDA | 14.65 | 13.66 | 26.79 | — | 10.72 | 13.42 | — | 14.10 | 12.15 | 10.02 | 7.32 |
| EV / EBIT | 38.72 | — | 104.93 | — | 17.71 | 17.10 | — | 22.36 | 17.43 | 16.84 | 10.28 |
| EV / FCF | — | — | — | 194.97 | 27.29 | 30.01 | 105.98 | 27.72 | 61.41 | 20.75 | 19.57 |
PENN Profitability
Margins and return-on-capital ratios measuring operating efficiency
PENN Entertainment, Inc. earns an operating margin of 3.9%, roughly in line with the Consumer Cyclical sector average. Operating margins have expanded from -10.8% to 3.9% over the past 3 years, signaling improving operational efficiency. A negative ROE of -36.0% indicates the company is currently destroying shareholder equity. ROIC of 1.8% represents below-average returns on invested capital versus a sector median of 5.2%.
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 | 27.4% | 27.4% | 32.9% | 37.1% | 43.3% | 46.7% | 47.8% | 44.3% | 42.9% | 42.4% | 42.1% |
| Operating Margin | 3.9% | 3.9% | 1.1% | -10.8% | 15.2% | 17.9% | -11.5% | 10.8% | 17.7% | 15.1% | 17.9% |
| Net Profit Margin | -12.1% | -12.1% | -4.7% | -7.7% | 3.5% | 7.1% | -18.7% | 0.8% | 2.6% | 16.0% | 3.6% |
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 | -36.0% | -36.0% | -10.3% | -14.4% | 5.8% | 12.5% | -29.7% | 3.4% | 28.4% | — | — |
| ROA | -5.7% | -5.7% | -2.0% | -2.9% | 1.3% | 2.7% | -4.6% | 0.3% | 1.2% | 9.9% | 2.2% |
| ROIC | 1.8% | 1.8% | 0.4% | -3.6% | 5.1% | 6.2% | -2.5% | 3.8% | 6.7% | 8.3% | 9.6% |
| ROCE | 2.0% | 2.0% | 0.5% | -4.5% | 6.1% | 7.2% | -3.0% | 4.9% | 8.5% | 10.4% | 12.0% |
PENN Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
PENN Entertainment, Inc. carries a Debt/EBITDA ratio of 11.7x, which is highly leveraged (144% above the sector average of 4.8x). Net debt stands at $7.7B ($8.4B total debt minus $687M 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 | 4.58 | 4.58 | 3.94 | 3.61 | 3.59 | 2.83 | 4.20 | 6.12 | 13.07 | — | — |
| Debt / EBITDA | 11.65 | 11.65 | 22.23 | — | 8.37 | 8.27 | — | 11.49 | 10.59 | 6.45 | 6.05 |
| Net Debt / Equity | — | 4.21 | 3.69 | 3.27 | 3.14 | 2.38 | 3.50 | 5.88 | 12.42 | — | — |
| Net Debt / EBITDA | 10.70 | 10.70 | 20.83 | — | 7.32 | 6.94 | — | 11.04 | 10.06 | 6.08 | 5.77 |
| Debt / FCF | — | — | — | 141.49 | 18.63 | 15.52 | 47.23 | 21.71 | 50.84 | 12.59 | 15.43 |
| Interest Coverage | -1.02 | -1.02 | 0.27 | -0.08 | 1.23 | 1.96 | -0.53 | 1.16 | 1.17 | 0.95 | 1.26 |
PENN Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.79x is below 1.0, meaning current liabilities exceed current assets. The current ratio has declined from 1.11x to 0.79x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.79 | 0.79 | 0.82 | 1.11 | 1.74 | 1.96 | 2.42 | 0.71 | 0.92 | 0.76 | 0.74 |
| Quick Ratio | 0.79 | 0.79 | 0.82 | 1.11 | 1.65 | 1.85 | 2.42 | 0.63 | 0.83 | 0.67 | 0.63 |
| Cash Ratio | 0.47 | 0.47 | 0.50 | 0.72 | 1.40 | 1.64 | 2.16 | 0.48 | 0.65 | 0.52 | 0.43 |
| Asset Turnover | — | 0.49 | 0.43 | 0.40 | 0.37 | 0.35 | 0.24 | 0.37 | 0.33 | 0.60 | 0.61 |
| Inventory Turnover | — | — | — | — | 34.23 | 23.79 | — | 38.52 | 32.52 | 41.41 | 29.44 |
| Days Sales Outstanding | — | 13.33 | 14.25 | 18.30 | 14.05 | 12.05 | 9.83 | 6.11 | 10.87 | 7.28 | 7.44 |
PENN Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
PENN Entertainment, Inc. returns 12.5% to shareholders annually primarily through share buybacks.
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 | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
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 | — | — | — | — | 4.3% | 4.8% | — | 1.4% | 4.9% | 17.2% | 8.6% |
| FCF Yield | — | — | — | 1.9% | 11.6% | 6.9% | 1.7% | 16.7% | 9.5% | 12.2% | 24.2% |
| Buyback Yield | 12.5% | 16.6% | 0.0% | 3.8% | 11.5% | 0.0% | 0.0% | 0.8% | 2.6% | 0.8% | 0.0% |
| Total Shareholder Yield | 12.5% | 16.6% | 0.0% | 3.8% | 11.5% | 0.0% | 0.0% | 0.8% | 2.6% | 0.8% | 0.0% |
| Shares Outstanding | — | $145M | $152M | $152M | $177M | $176M | $134M | $118M | $100M | $93M | $91M |
Peer Comparison
Compare PENN 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 |
|---|---|---|---|---|---|---|---|---|---|
 PENNYou | $3B | -3.7 | 14.7 | — | 27.4% | 3.9% | -36.0% | 1.8% | 11.7 |
 CZR | $6B | -12.1 | 9.0 | 11.4 | 37.7% | 18.1% | -12.5% | 5.4% | 7.5 |
 MGM | $12B | 61.6 | 32.7 | 7.2 | 44.4% | 5.7% | 5.9% | 1.7% | 27.8 |
 BYD | $6B | 3.8 | 7.9 | 16.4 | 42.1% | 21.4% | 88.0% | 12.3% | 2.8 |
 RRR | $4B | 19.7 | 4.5 | 12.6 | 52.6% | 29.7% | 58.9% | 23.4% | 0.1 |
 CHDN | $6B | 16.6 | 11.3 | 12.4 | 33.6% | 25.2% | 35.2% | 9.4% | 5.3 |
 STN | $8B | 22.8 | 12.4 | 13.8 | 39.0% | 9.2% | 15.5% | 10.5% | 2.8 |
 DKNG | $13B | -3258.0 | 51.7 | 20.2 | 41.3% | -0.3% | 0.5% | -0.9% | 7.4 |
 FLUT | $18B | -58.9 | 10.7 | 16.4 | 45.2% | 6.3% | -3.0% | 4.5% | 5.3 |
 RSI | $3B | 207.8 | 21.9 | 18.9 | 34.6% | 7.7% | 13.3% | — | 0.1 |
 GENI | $2B | -13.9 | — | 24.3 | 23.0% | -15.6% | -17.2% | -16.6% | — |
| Consumer Cyclical Median | — | 21.2 | 12.2 | 15.6 | 36.2% | 2.0% | 5.3% | 5.2% | 4.8 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Includes 30+ ratios · 30 years · Updated daily
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PENN — Frequently Asked Questions
Quick answers to the most common questions about buying PENN stock.
What is PENN Entertainment, Inc.'s P/E ratio?
PENN Entertainment, Inc.'s current P/E ratio is -3.7x. The historical average is 12.6x.
What is PENN Entertainment, Inc.'s EV/EBITDA?
PENN Entertainment, Inc.'s current EV/EBITDA is 14.7x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 8.9x.
What is PENN Entertainment, Inc.'s ROE?
PENN Entertainment, Inc.'s return on equity (ROE) is -36.0%. The historical average is 3.9%.
Is PENN stock overvalued?
Based on historical data, PENN Entertainment, Inc. is trading at a P/E of -3.7x. Compare with industry peers and growth rates for a complete picture.
What are PENN Entertainment, Inc.'s profit margins?
PENN Entertainment, Inc. has 27.4% gross margin and 3.9% operating margin.
How much debt does PENN Entertainment, Inc. have?
PENN Entertainment, Inc.'s Debt/EBITDA ratio is 11.7x, indicating high leverage. A ratio above 4x may signal elevated financial risk.