Latest Ratios: P/E Ratio 81.1x · EV/EBITDA 21.2x · ROE -247.8%. (2018–2025 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 |
|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $150M | $188M | $111M | $71M | $130M | $1.0B | $233M | — | — |
| Enterprise Value | $308M | $347M | $282M | $265M | $364M | $1.2B | $385M | — | — |
| P/E Ratio → | 81.13 | — | — | — | — | — | — | — | — |
| P/S Ratio | 1.17 | 1.56 | 0.96 | 0.50 | 0.70 | 4.12 | 1.58 | — | — |
| P/B Ratio | 7.12 | 10.38 | — | 1.56 | 0.84 | 2.40 | 2.82 | — | — |
| P/FCF | — | — | — | — | — | — | — | — | — |
| P/OCF | 8310.97 | 10472.09 | — | — | — | — | 286.98 | — | — |
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 |
|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 2.87 | 2.43 | 1.86 | 1.96 | 4.95 | 2.61 | — | — |
| EV / EBITDA | 21.23 | 144.00 | — | — | — | — | 24.25 | — | — |
| EV / EBIT | — | — | — | — | — | — | 28.27 | — | — |
| EV / FCF | — | — | — | — | — | — | — | — | — |
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 |
|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 71.0% | 71.0% | 64.0% | 61.7% | 55.3% | 55.9% | 50.4% | 56.9% | 49.8% |
| Operating Margin | -4.9% | -4.9% | -43.8% | -133.2% | -159.6% | -27.9% | 9.2% | -7.7% | 18.2% |
| Net Profit Margin | -10.5% | -10.5% | -68.4% | -126.2% | -149.7% | -31.5% | -3.6% | -30.2% | 1.7% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| ROE | -247.8% | -247.8% | -420.7% | -179.8% | -96.2% | -30.8% | -6.3% | -26.7% | 1.8% |
| ROA | -4.4% | -4.4% | -25.7% | -39.1% | -36.5% | -11.5% | -1.3% | -5.8% | 0.4% |
| ROIC | -2.6% | -2.6% | -18.9% | -45.5% | -43.7% | -12.0% | 4.4% | -1.9% | 5.9% |
| ROCE | -2.6% | -2.6% | -20.2% | -49.4% | -45.1% | -11.7% | 3.8% | -1.7% | 5.4% |
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 |
|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 10.81 | 10.81 | — | 4.86 | 1.71 | 0.65 | 1.99 | 2.05 | 1.84 |
| Debt / EBITDA | 81.47 | 81.47 | — | — | — | — | 10.39 | — | 7.51 |
| Net Debt / Equity | — | 8.73 | — | 4.24 | 1.51 | 0.49 | 1.83 | 1.72 | 1.55 |
| Net Debt / EBITDA | 65.79 | 65.79 | — | — | — | — | 9.55 | — | 6.31 |
| Debt / FCF | — | — | — | — | — | — | — | 170.04 | 969.58 |
| Interest Coverage | -0.69 | -0.69 | -2.22 | -7.60 | -2.68 | -3.62 | 1.01 | — | — |
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 |
|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.03 | 1.03 | 1.03 | 1.18 | 1.30 | 1.18 | 0.87 | 0.88 | 0.87 |
| Quick Ratio | 0.82 | 0.82 | 0.87 | 0.96 | 1.08 | 0.84 | 0.66 | 0.69 | 0.86 |
| Cash Ratio | 0.59 | 0.59 | 0.55 | 0.48 | 0.34 | 0.59 | 0.25 | 0.45 | 0.48 |
| Asset Turnover | — | 0.41 | 0.41 | 0.43 | 0.32 | 0.26 | 0.36 | 0.19 | 0.25 |
| Inventory Turnover | 2.71 | 2.71 | 4.68 | 4.21 | 4.02 | 2.72 | 6.21 | 2.86 | 143.36 |
| Days Sales Outstanding | — | 18.99 | 27.79 | 27.26 | 33.00 | 21.03 | 30.20 | 31.61 | 29.04 |
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 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 1.2% | — | — | — | — | — | — | — | — |
| FCF Yield | — | — | — | — | — | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 1.4% | 0.0% | 0.0% | 0.0% | — | — |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 1.4% | 0.0% | 0.0% | 0.0% | — | — |
| Shares Outstanding | — | $100M | $76M | $71M | $47M | $38M | $22M | $8M | $4M |
Includes 30+ ratios · 8 years · Updated daily
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Quick answers to the most common questions about buying PLBY stock.
Playboy, Inc.'s current P/E ratio is 81.1x. This places it at the 50th percentile of its historical range.
Playboy, Inc.'s current EV/EBITDA is 21.2x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 24.2x.
Playboy, Inc.'s return on equity (ROE) is -247.8%. The historical average is -125.8%.
Based on historical data, Playboy, Inc. is trading at a P/E of 81.1x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Playboy, Inc. has 71.0% gross margin and -4.9% operating margin.
Playboy, Inc.'s Debt/EBITDA ratio is 81.5x, indicating high leverage. A ratio above 4x may signal elevated financial risk.
Key Metrics
Top Statement Risk
Heavy leverage with thin liquidity
Metrics are mathematically derived from official filings.
Earnings-Based Multiples Lack Meaning
Based on reported figures, PLBY's trailing P/E of -9.92 and EV/EBITDA of 127.86 reflect near-zero or negative earnings, so the stock's 7.12x price-to-book and 1.24x price-to-sales are the more usable anchors versus sector peers.
With trailing net income negative and EBITDA thin, the 127.86x EV/EBITDA multiple reflects a depressed denominator rather than an expensive asset, and the forward EV/EBITDA of 12.36x implies the market is pricing in a meaningful earnings recovery. The 7.12x P/B looks elevated against a balance sheet carrying only $22.1M of equity, which suggests the market values the brand licensing franchise well above book, a premium investors should monitor against sustained profitability. Relative to peers such as GIII at 0.79x P/B and 6.48x EV/EBITDA, PLBY screens expensive on every metric that depends on book value or current-period earnings.
Debt Burden Dwarfs Equity Cushion
As reported in the financial statements, PLBY's D/E of 7.83 and D/EBITDA of 48.19 in 2026Q2 signal heavy reliance on borrowed capital, though the improvement from 10.81 in 2025Q4 shows some deleveraging through equity recovery.
Total debt of $177.4M against $22.1M of equity means the capital structure is dominated by creditors, and the D/EBITDA ratio of 48 times indicates debt service depends almost entirely on the recent quarter's operating income. Interest coverage of 1.57x in 2026Q2 is positive but thin, and it has swung between negative values and this level across the decade, which suggests debt service comfort may be fragile. Investors should monitor refinancing terms and covenant headroom, as the data does not disclose these details and the leverage profile warrants further investigation.
Current Liabilities Exceed Liquid Assets
Based on reported figures, PLBY's current ratio of 0.79 and quick ratio of 0.64 in 2026Q2 indicate current liabilities exceed current assets, with cash of $31.9M offering only a partial buffer against near-term obligations.
A current ratio below 1.0 combined with a quick ratio of 0.64 means that excluding inventory, liquid resources cover only about two-thirds of short-term obligations, which appears tight for a business that has posted net losses in most recent quarters. The current ratio has hovered between 0.75 and 1.44 over the period, indicating persistent rather than temporary pressure. Under a severe stress scenario, a modest revenue decline could push working capital further negative, which may constrain operating flexibility.
Working Capital Cycle Compressed by Payables
According to recent SEC filings, PLBY's cash conversion cycle of 12 days in 2026Q2 reflects a DPO of 129 days largely offsetting DIO of 123 days, a structure that depends on supplier credit more than customer collections.
With DSO at 19 days, receivables are collected quickly, but the cycle's brevity rests on stretched payables, and DPO has risen from 13 days in 2024Q4 to 129 days, which may indicate supplier leverage that could reverse if vendors tighten terms. Asset turnover of 0.11 reflects a heavy asset base relative to revenue, consistent with the goodwill and intangibles concentration on the balance sheet. Efficiency gains here appear more financing-driven than operational, and investors should monitor whether payables normalize.
Equity Recovery May Prove Fragile
Based on reported figures, the return to positive equity of $22.1M in 2026Q2 rests on a $177.4M debt load and a $710M accumulated deficit, so a modest asset decline could quickly restore a stockholders' deficit.
The headline improvement in ROE and D/E may overstate balance sheet repair, since a single quarter of positive net income drove the swing from a deficit of $17.5M in 2025Q2. The most commonly misapplied metric here is debt-to-EBITDA, because EBITDA for a licensing-driven brand company can be inflated by non-cash items and stock-based compensation, which reached $2.5M in one quarter; free cash flow to debt or interest coverage on a cash basis would give a more conservative read on debt service capacity.