Latest Ratios: P/E Ratio -2.1x · EV/EBITDA 44.1x · ROE N/A. (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 | $47M | $24M | $30M | $42M | $61M | $91M | $109M | $253M | $337M | $388M | $390M |
| Enterprise Value | $397M | $374M | $407M | $448M | $470M | $494M | $606M | $698M | $487M | $505M | $515M |
| P/E Ratio → | -2.15 | — | — | — | — | 2.85 | — | — | 23.45 | 12.56 | 41.50 |
| P/S Ratio | 0.23 | 0.12 | 0.14 | 0.19 | 0.30 | 0.65 | 1.40 | 0.92 | 1.09 | 1.39 | 1.44 |
| P/B Ratio | — | — | — | 1.29 | 0.96 | 0.86 | 1.35 | 1.81 | 1.87 | 2.14 | 2.66 |
| P/FCF | — | — | — | — | — | — | — | — | — | — | — |
| P/OCF | — | — | — | — | — | — | — | 10.29 | 10.34 | 16.28 | 12.93 |
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 | — | 1.84 | 1.94 | 2.01 | 2.31 | 3.55 | 7.79 | 2.52 | 1.57 | 1.81 | 1.90 |
| EV / EBITDA | 44.08 | 41.56 | 130.26 | 55.44 | — | 113.40 | — | 21.27 | 10.25 | 13.47 | 13.63 |
| EV / EBIT | — | 90.60 | — | — | — | 9.08 | — | 68.18 | 20.04 | 12.41 | 26.26 |
| 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 | 13.4% | 13.4% | 10.4% | 11.9% | 7.6% | 4.4% | -28.0% | 20.7% | 23.8% | 22.5% | 23.3% |
| Operating Margin | -2.6% | -2.6% | -6.7% | -5.4% | -14.0% | -30.1% | -78.7% | 3.3% | 7.8% | 7.4% | 7.5% |
| Net Profit Margin | -7.0% | -7.0% | -16.8% | -13.8% | -17.8% | 23.0% | -83.7% | -9.5% | 4.6% | 11.1% | 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 | — | — | -250.3% | -63.7% | -43.0% | 34.3% | -59.1% | -16.5% | 7.9% | 18.9% | 6.6% |
| ROA | -3.1% | -3.1% | -7.0% | -5.2% | -5.4% | 4.6% | -9.6% | -4.7% | 3.3% | 7.5% | 2.4% |
| ROIC | -1.1% | -1.1% | -2.6% | -2.0% | -4.4% | -5.8% | -7.9% | 1.5% | 5.7% | 5.4% | 5.9% |
| ROCE | -1.7% | -1.7% | -3.9% | -2.6% | -5.2% | -7.3% | -10.8% | 2.0% | 6.9% | 6.0% | 6.4% |
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 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | — | — | — | 12.69 | 7.01 | 4.64 | 6.46 | 3.27 | 0.90 | 0.72 | 0.98 |
| Debt / EBITDA | 40.09 | 40.09 | 124.75 | 51.78 | — | 111.74 | — | 13.92 | 3.43 | 3.48 | 3.80 |
| Net Debt / Equity | — | — | — | 12.30 | 6.46 | 3.84 | 6.13 | 3.19 | 0.83 | 0.64 | 0.85 |
| Net Debt / EBITDA | 38.92 | 38.92 | 120.80 | 50.19 | — | 92.64 | — | 13.55 | 3.15 | 3.12 | 3.30 |
| Debt / FCF | — | — | — | — | — | — | — | — | — | — | — |
| Interest Coverage | 0.23 | 0.23 | -0.67 | -0.58 | -1.49 | 3.98 | -6.57 | 1.30 | 3.55 | 6.57 | 2.86 |
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 | 0.17 | 0.17 | 0.35 | 0.30 | 0.39 | 0.94 | 0.47 | 0.24 | 0.35 | 0.42 | 1.10 |
| Quick Ratio | 0.16 | 0.16 | 0.34 | 0.29 | 0.38 | 0.92 | 0.46 | 0.23 | 0.34 | 0.40 | 1.08 |
| Cash Ratio | 0.08 | 0.08 | 0.08 | 0.10 | 0.29 | 0.78 | 0.22 | 0.11 | 0.15 | 0.17 | 0.29 |
| Asset Turnover | — | 0.47 | 0.45 | 0.42 | 0.32 | 0.20 | 0.11 | 0.41 | 0.70 | 0.66 | 0.67 |
| Inventory Turnover | 105.64 | 105.64 | 111.94 | 119.04 | 116.16 | 94.47 | 94.09 | 131.12 | 166.10 | 151.46 | 149.22 |
| Days Sales Outstanding | — | 8.19 | 9.15 | 12.39 | 11.17 | 14.21 | 37.55 | 9.34 | 9.49 | 17.03 | 11.84 |
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 | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | 35.1% | — | — | 4.3% | 8.0% | 2.4% |
| FCF Yield | — | — | — | — | — | — | — | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.6% | 4.4% | 0.7% | 1.7% | 0.7% |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.6% | 4.4% | 0.7% | 1.7% | 0.7% |
| Shares Outstanding | — | $23M | $22M | $22M | $22M | $22M | $22M | $23M | $23M | $23M | $24M |
Liquidity and insolvency risk
According to recent market data, RDI trades at a P/S multiple of 0.22, which suggests the market is heavily discounting the company's revenue-generating potential compared to broader entertainment peers, likely reflecting deep skepticism regarding the firm's ability to return to profitability or monetize its underlying real estate holdings.
The negative P/E ratio and the absence of a forward P/E multiple indicate that investors are currently prioritizing asset-based valuation over earnings-based metrics. This valuation approach appears to treat the company as a liquidation play rather than a going concern, as the market struggles to reconcile the high EV/EBITDA of 43.85 with the persistent operational losses.
Based on reported figures, RDI's ROIC has remained consistently negative over the last ten quarters, bottoming out at -1.4% in 2025Q1, which indicates that the company is failing to generate sufficient returns on its invested capital to cover its cost of capital or sustain long-term growth.
The inability to achieve positive ROIC suggests that the capital-intensive nature of both the cinema and real estate segments is currently destroying rather than creating shareholder value. This trend warrants investigation into whether the company's asset base is fundamentally misaligned with current market demand or if excessive overhead is permanently suppressing returns.
As reported in financial statements, RDI's cash conversion cycle remains deeply negative, often exceeding -100 days, which, while typically a sign of leverage, here appears to reflect a structural inability to manage payables effectively against a backdrop of declining operational efficiency and limited liquidity.
The asset turnover ratio, hovering near 0.10, highlights a significant underutilization of the company's property and equipment base. This low efficiency suggests that the theater assets are not generating sufficient throughput to justify their carrying costs, further complicating the company's path to operational break-even.
According to recent SEC filings, RDI's current ratio has deteriorated to 0.34 as of 2026Q1, indicating that the company's current assets are insufficient to cover its short-term obligations, a position that leaves the firm highly vulnerable to any further disruptions in film slate performance or real estate income.
The quick ratio of 0.33 confirms that the company lacks the liquid reserves necessary to navigate a period of prolonged operational stress without external financing or asset divestitures. Investors should monitor the company's ability to manage its debt service, as the current liquidity profile appears increasingly precarious.
The P/E ratio is the most commonly misapplied metric for RDI, as it obscures the company's true value by focusing on volatile, loss-making earnings rather than the underlying net asset value of its prime urban real estate holdings.
Because RDI operates as a hybrid cinema-real estate entity, standard earnings multiples fail to account for the potential value of its fee-simple assets, which are likely carried at historical cost. A sum-of-the-parts or NAV-based analysis would be more appropriate to capture the potential value that the current P/E-focused market sentiment ignores.
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying RDI stock.
Reading International, Inc.'s current P/E ratio is -2.1x. The historical average is 28.2x.
Reading International, Inc.'s current EV/EBITDA is 44.1x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 19.9x.
Based on historical data, Reading International, Inc. is trading at a P/E of -2.1x. Compare with industry peers and growth rates for a complete picture.
Reading International, Inc. has 13.4% gross margin and -2.6% operating margin.
Reading International, Inc.'s Debt/EBITDA ratio is 40.1x, indicating high leverage. A ratio above 4x may signal elevated financial risk.