Latest Ratios: P/E Ratio 78.5x · EV/EBITDA 16.0x · ROE 2.2%. (2018–2026 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $670M | $649M | $503M | $517M | $423M | $575M | $283M | — | — | — |
| Enterprise Value | $1.1B | $1.1B | $876M | $837M | $726M | $827M | $486M | — | — | — |
| P/E Ratio → | 78.46 | 75.31 | 63.58 | 801.01 | 166.33 | 44.68 | 47.19 | — | — | — |
| P/S Ratio | 3.81 | 3.70 | 3.17 | 3.57 | 3.46 | 5.33 | 3.52 | — | — | — |
| P/B Ratio | 1.79 | 1.71 | 1.37 | 1.46 | 1.21 | 1.65 | 1.46 | — | — | — |
| P/FCF | 13.49 | 13.07 | — | — | — | — | — | — | — | — |
| P/OCF | 13.36 | 12.95 | 11.11 | 14.30 | 13.55 | 46.04 | 19.22 | — | — | — |
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 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 6.18 | 5.52 | 5.78 | 5.94 | 7.67 | 6.06 | — | — | — |
| EV / EBITDA | 16.04 | 15.74 | 14.27 | 16.89 | 16.84 | 21.54 | 15.00 | — | — | — |
| EV / EBIT | 28.95 | 28.89 | 27.58 | 37.60 | 31.36 | 29.26 | 23.81 | — | — | — |
| EV / FCF | — | 21.88 | — | — | — | — | — | — | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 64.7% | 64.7% | 63.8% | 61.7% | 60.8% | 59.0% | 59.1% | — | 58.2% | 58.2% |
| Operating Margin | 21.8% | 21.8% | 22.1% | 17.0% | 17.2% | 17.9% | 22.8% | — | 27.6% | 27.6% |
| Net Profit Margin | 4.7% | 4.7% | 4.9% | 0.4% | 2.1% | 12.1% | 11.5% | — | 7.8% | 7.8% |
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 2.2% | 2.2% | 2.2% | 0.2% | 0.7% | 4.8% | 5.1% | -0.0% | 4.7% | 4.7% |
| ROA | 0.9% | 0.9% | 0.9% | 0.1% | 0.4% | 2.3% | 2.2% | -0.0% | 1.8% | 1.8% |
| ROIC | 3.7% | 3.7% | 3.7% | 2.8% | 2.5% | 2.9% | 4.0% | — | 5.3% | 5.3% |
| ROCE | 4.5% | 4.5% | 4.6% | 3.5% | 3.1% | 3.6% | 4.5% | — | 6.7% | 6.7% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.22 | 1.22 | 1.08 | 0.95 | 0.91 | 0.78 | 1.09 | 1.05 | 1.43 | 1.43 |
| Debt / EBITDA | 6.71 | 6.71 | 6.42 | 6.81 | 7.39 | 7.03 | 6.56 | — | 5.88 | 5.88 |
| Net Debt / Equity | — | 1.15 | 1.02 | 0.90 | 0.87 | 0.73 | 1.05 | 0.71 | 1.32 | 1.32 |
| Net Debt / EBITDA | 6.34 | 6.34 | 6.07 | 6.44 | 7.04 | 6.57 | 6.27 | — | 5.43 | 5.43 |
| Debt / FCF | — | 8.80 | — | — | — | — | — | 10.76 | 44.55 | 44.55 |
| Interest Coverage | 1.42 | 1.42 | 1.45 | 1.06 | 1.57 | 2.60 | 2.28 | — | — | — |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.41 | 1.41 | 1.20 | 1.17 | 1.22 | 1.45 | 1.55 | 3.51 | 2.31 | 2.31 |
| Quick Ratio | 1.41 | 1.41 | 1.13 | 1.07 | 1.12 | 1.35 | 1.49 | 3.49 | 2.29 | 2.29 |
| Cash Ratio | 0.40 | 0.40 | 0.32 | 0.30 | 0.27 | 0.43 | 0.36 | 2.48 | 0.63 | 0.63 |
| Asset Turnover | — | 0.18 | 0.18 | 0.18 | 0.16 | 0.16 | 0.17 | — | 0.23 | 0.23 |
| Inventory Turnover | — | — | 11.80 | 8.80 | 8.79 | 10.93 | 23.36 | — | 90.66 | 90.66 |
| Days Sales Outstanding | — | 84.84 | 87.05 | 83.72 | 93.29 | 85.33 | 71.93 | — | 68.30 | 68.30 |
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 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 1.3% | 1.3% | 1.6% | 0.1% | 0.6% | 2.2% | 2.1% | — | — | — |
| FCF Yield | 7.4% | 7.6% | — | — | — | — | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — | — | — |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — | — | — |
| Shares Outstanding | — | $66M | $66M | $65M | $65M | $58M | $29M | $195740 | $125227 | $125227 |
Catalog acquisition cost inflation
According to current market data, Reservoir Media trades at a forward P/E of 100.50, which suggests that investors are pricing in significant future earnings expansion rather than current profitability, a valuation stance that appears aggressive when compared to the broader entertainment sector's more moderate earnings multiples.
The elevated P/E ratio indicates that the market is valuing the company as a high-growth platform rather than a mature royalty collector. This valuation warrants further investigation into whether the company's active management model can consistently deliver the organic growth required to justify such a premium over time.
Based on reported financial statements, Reservoir Media's ROIC has hovered near 1.1% in recent quarters, a figure that suggests the company is currently struggling to generate returns on invested capital that exceed its likely cost of capital, despite its active management of music assets.
The low ROIC is largely a function of the heavy amortization of acquired intangible assets, which depresses the numerator in return calculations. Investors should monitor whether the company can improve these returns as its portfolio matures and the initial acquisition premiums are gradually absorbed into the cost base.
As evidenced by the quarterly data, Reservoir Media's DSO has fluctuated between 71 and 89 days, reflecting the inherent complexity of collecting royalty payments from diverse global digital platforms and media partners, which creates a persistent drag on the company's overall cash conversion efficiency.
The variability in DSO suggests that the company lacks significant leverage over its larger streaming and media counterparties, forcing it to accept longer payment terms. This inefficiency may limit the company's ability to recycle cash quickly into new catalog acquisitions without relying on external financing.
According to recent balance sheet disclosures, Reservoir Media maintains a debt-to-equity ratio of 1.22, which appears conservative for an industry that often utilizes higher leverage to fund catalog acquisitions, providing the firm with a meaningful buffer against potential interest rate volatility or sector-specific downturns.
While this low leverage profile is a sign of financial health, it may also imply that the company is under-utilizing its balance sheet to compete for larger, transformative catalog acquisitions. Analysts should consider whether this conservative stance is a strategic choice to avoid over-leveraging in a high-rate environment.
The net margin of 4.73% is the most commonly misapplied metric for Reservoir Media, as it obscures the company's true cash-generative capacity by including significant non-cash amortization charges related to the acquisition of music catalogs, which do not reflect the actual recurring cash flow of the business.
Investors should instead focus on Cash EBITDA or Free Cash Flow to better understand the company's ability to service debt and fund future growth. Relying on net income leads to an incomplete assessment of the business model's durability and its ability to generate value for shareholders.
Includes 30+ ratios · 9 years · Updated daily
DCF models, multiple analysis, and analyst estimates.
10-year return with dividends reinvested.
See how regular investing compounds over time.
Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying RSVR stock.
Reservoir Media, Inc.'s current P/E ratio is 78.5x. The historical average is 79.4x. This places it at the 80th percentile of its historical range.
Reservoir Media, Inc.'s current EV/EBITDA is 16.0x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 16.7x.
Reservoir Media, Inc.'s return on equity (ROE) is 2.2%. The historical average is 2.7%.
Based on historical data, Reservoir Media, Inc. is trading at a P/E of 78.5x. This is at the 80th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Reservoir Media, Inc. has 64.7% gross margin and 21.8% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
Reservoir Media, Inc.'s Debt/EBITDA ratio is 6.7x, indicating high leverage. A ratio above 4x may signal elevated financial risk.