Latest Ratios: P/E Ratio 59.5x · EV/EBITDA 14.3x · ROE 3.5%. (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 | $1.4B | $956M | $911M | — | — | — | — | — | — | — | — |
| Enterprise Value | $1.6B | $1.1B | $974M | — | — | — | — | — | — | — | — |
| P/E Ratio → | 59.52 | 38.27 | 3.31 | — | — | — | — | — | — | — | — |
| P/S Ratio | 3.16 | 2.11 | 2.48 | — | — | — | — | — | — | — | — |
| P/B Ratio | 2.25 | 1.45 | 1.48 | — | — | — | — | — | — | — | — |
| P/FCF | — | — | — | — | — | — | — | — | — | — | — |
| P/OCF | 19.27 | 12.87 | 18.33 | — | — | — | — | — | — | — | — |
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 | — | 2.48 | 2.66 | — | — | — | — | — | — | — | — |
| EV / EBITDA | 14.30 | 10.04 | 15.37 | — | — | — | — | — | — | — | — |
| EV / EBIT | 24.35 | 17.55 | — | — | — | — | — | — | — | — | — |
| 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 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 92.3% | 92.3% | 11.1% | 15.3% | 8.1% | -9.3% | -28.0% | 6.9% | 7.1% | 7.3% | 7.1% |
| Operating Margin | 14.5% | 14.5% | 5.6% | 9.9% | 2.0% | -11.6% | -30.1% | 6.1% | 6.2% | 6.4% | 6.4% |
| Net Profit Margin | 5.0% | 5.0% | 100.6% | 4.6% | 7.8% | -18.3% | -90.0% | 1.7% | 4.0% | 4.4% | 3.5% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 3.5% | 3.5% | 97.8% | 13.4% | 23.3% | -67.0% | -102.1% | 4.4% | 10.9% | 14.1% | 12.0% |
| ROA | 2.5% | 2.5% | 37.2% | 1.4% | 2.2% | -9.8% | -34.4% | 2.0% | 5.3% | 6.4% | 5.4% |
| ROIC | 6.5% | 6.5% | 2.4% | 4.3% | 0.7% | -7.8% | -12.9% | 7.5% | 9.3% | 10.4% | 11.4% |
| ROCE | 7.9% | 7.9% | 2.4% | 3.9% | 0.7% | -7.2% | -13.6% | 9.8% | 13.7% | 15.0% | 14.9% |
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 | 0.30 | 0.30 | 0.18 | 3.57 | 5.74 | 5.81 | 2.12 | 0.81 | 0.50 | 0.47 | 0.67 |
| Debt / EBITDA | 1.75 | 1.75 | 1.78 | 6.74 | 13.89 | — | — | 3.22 | 1.72 | 1.51 | 2.09 |
| Net Debt / Equity | — | 0.25 | 0.10 | 3.37 | 5.16 | 5.18 | 1.90 | 0.69 | 0.41 | 0.35 | 0.62 |
| Net Debt / EBITDA | 1.47 | 1.47 | 0.99 | 6.36 | 12.48 | — | — | 2.77 | 1.38 | 1.12 | 1.91 |
| Debt / FCF | — | — | — | 10.95 | 83.85 | — | — | 11.99 | 25.55 | 2.80 | 4.52 |
| Interest Coverage | 7.24 | 7.24 | -2.20 | 5.57 | 1.12 | -2.36 | -19.17 | 2.84 | 7.74 | 13.57 | 11.97 |
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 | 0.81 | 0.81 | 1.54 | 1.01 | 1.13 | 1.13 | 0.93 | 1.10 | 0.55 | 0.63 | 0.51 |
| Quick Ratio | 0.65 | 0.65 | 1.41 | 0.97 | 1.08 | 1.08 | 0.84 | 1.03 | 0.51 | 0.58 | 0.42 |
| Cash Ratio | 0.39 | 0.39 | 0.65 | 0.12 | 0.28 | 0.35 | 0.40 | 0.26 | 0.12 | 0.16 | 0.06 |
| Asset Turnover | — | 0.47 | 0.43 | 0.31 | 0.27 | 0.49 | 0.49 | 0.99 | 1.34 | 1.42 | 1.39 |
| Inventory Turnover | 2.86 | 2.86 | 32.65 | 31.34 | 25.52 | 64.59 | 60.92 | 70.22 | 69.12 | 69.00 | 35.61 |
| Days Sales Outstanding | — | 9.02 | 18.01 | 9.26 | 149.61 | 67.53 | 15.67 | 39.08 | 35.35 | 30.45 | 32.79 |
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 | — | — | 0.9% | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | 36.7% | 16.6% | 14.1% | 19.2% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 1.7% | 2.6% | 30.2% | — | — | — | — | — | — | — | — |
| FCF Yield | — | — | — | — | — | — | — | — | — | — | — |
| Buyback Yield | 0.7% | 1.1% | 0.0% | — | — | — | — | — | — | — | — |
| Total Shareholder Yield | 0.7% | 1.1% | 0.9% | — | — | — | — | — | — | — | — |
| Shares Outstanding | — | $28M | $21M | $21M | $21M | $20M | $20M | $20M | $20M | $20M | $20M |
Includes 30+ ratios · 30 years · Updated daily
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Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying PRSU stock.
Pursuit Attractions and Hospitality, Inc.'s current P/E ratio is 59.5x. The historical average is 20.8x. This places it at the 100th percentile of its historical range.
Pursuit Attractions and Hospitality, Inc.'s current EV/EBITDA is 14.3x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 12.7x.
Pursuit Attractions and Hospitality, Inc.'s return on equity (ROE) is 3.5%. The historical average is 5.3%.
Based on historical data, Pursuit Attractions and Hospitality, Inc. is trading at a P/E of 59.5x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Pursuit Attractions and Hospitality, Inc. has 92.3% gross margin and 14.5% operating margin. Operating margin between 10-20% is typical for established companies.
Pursuit Attractions and Hospitality, Inc.'s Debt/EBITDA ratio is 1.7x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.
Key Metrics
Top Statement Risk
Seasonality and negative FCF
Metrics are mathematically derived from official filings.
Seasonal Margins Mask Structural Earning Power
PRSU's gross margin swung from 50.9% in Q3 2025 to -37.5% in Q1 2025, per reported figures, highlighting extreme seasonality. Q2 2026's 39.4% gross margin suggests recovery but remains below peak levels.
The wide quarterly swings in gross and operating margins reflect a high fixed-cost base that cannot be covered in off-peak quarters. Even in Q2 2026, with a 39.4% gross margin and 16.2% operating margin, the company's profitability is heavily dependent on the summer peak. Investors should monitor whether the Q3 2025 peak margin of 50.9% can be sustained, as Q2 2026's margin is below that level, indicating potential structural pressure.
Return on Capital Remains Volatile and Thin
ROIC swung from 10.0% in Q3 2025 to -2.1% in Q1 2026, per financial statements, reflecting extreme seasonality. The Q2 2026 ROIC of 2.0% is well below the cost of capital, suggesting value destruction outside peak quarters.
The 10-quarter ROIC series shows no clear upward trend, with positive returns only in peak quarters. The Q4 2024 ROIC of -11.4% was distorted by a non-operating gain, but even excluding that, returns are insufficient to justify the capital employed. The asset-heavy model, with PP&E at 60% of total assets, requires high utilization to generate adequate returns, which the seasonal revenue pattern does not consistently provide.
Working Capital Efficiency Distorted by Seasonality
CCC swung from -853 days in Q2 2024 to 17 days in Q4 2025, per reported data, reflecting extreme distortions from negative revenue and unusual DPO. Q2 2026's CCC of 4 days indicates a return to normal seasonal patterns.
The extreme CCC values in 2024 are driven by anomalous DPO figures (e.g., 1145 days in Q2 2024) and negative revenue, which are not indicative of ongoing operations. In recent quarters, DSO has ranged from 10 to 38 days, and DPO from 21 to 38 days, suggesting a relatively efficient working capital cycle for a seasonal business. However, the negative FCF margins in off-peak quarters indicate that working capital swings amplify cash flow volatility, as seen in Q2 2026's -35.7% FCF margin.
Leverage Rising Despite Seasonal Cash Flows
D/E rose from 0.18 in Q4 2024 to 0.40 in Q2 2026, while D/EBITDA reached 7.77x, per balance sheet data. Interest coverage of 5.83x in Q2 2026 appears adequate but is vulnerable to off-peak losses.
Total debt increased to $243.3M by Q2 2026, while cash remained thin at $33.9M, per reported figures. The D/EBITDA of 7.77x is elevated, though it reflects the seasonal trough in EBITDA; in peak quarters, coverage improves significantly (38.3x in Q3 2025). However, the negative interest coverage in off-peak quarters (e.g., -8.77x in Q1 2026) indicates that debt service relies on peak-season cash flows, which may not be sufficient if the season underperforms.
Liquidity Buffer Thin Despite Improved Current Ratio
Current ratio improved to 1.61 in Q2 2026 from 0.81 in Q4 2025, per balance sheet data, but cash of $33.9M is insufficient to cover $243.3M debt. Quick ratio of 1.47 suggests limited inventory dependence.
The improvement in the current ratio is largely due to seasonal working capital build-up ahead of the peak season, not a structural improvement in liquidity. With cash covering only a small fraction of debt, the company remains vulnerable to a weak season or unexpected cash outflows. The negative FCF in most quarters, combined with ongoing buybacks, suggests that liquidity could tighten if the peak season disappoints.
Misapplied Ratio: P/E on Distorted Earnings
The trailing P/E of 54.57 is misleading due to non-recurring gains and seasonal losses, per reported data. A more appropriate metric is EV/EBITDA on normalized peak-quarter EBITDA, which at 13.23x appears more reasonable.
The P/E ratio is distorted by the $315.7M net income in Q4 2024, which was driven by a non-operating gain, and by seasonal losses in off-peak quarters. Investors should instead focus on EV/EBITDA, which at 13.23x is closer to peer levels (FUN at 9.19x, PRKS at 8.02x), but even this metric is volatile due to seasonal EBITDA swings. A normalized EBITDA based on peak-quarter performance would provide a more stable valuation basis, but the company's high fixed costs and seasonal revenue make such normalization inherently uncertain.