SharpLink Gaming Ltd. (SBET) Financial Ratios
24 years of historical data (2002–2025) · Consumer Cyclical · Gambling, Resorts & Casinos
EV/EBITDA
N/A
—
5yr avg: N/A
30Y Low0.0·High5.1
P/FCF
N/A
—
5yr avg: 13.96
30Y Low3.9·High127.5
P/B Ratio
↓
0.61
↓-49% vs avg
5yr avg: 1.18
30Y Low0.2·High7.4
ROE
↑
-60.7%
↓+41% vs avg
5yr avg: -102.9%
30Y Low-177%·High485%
Debt/EBITDA
N/A
—
5yr avg: N/A
30Y Low0.0·High0.0
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
SBET Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
SharpLink Gaming Ltd. 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 | $1.5B | — | $2M | $4M | $771230 | $38M | $17M | $5M | $12M | $13M | $5M |
| Enterprise Value | $1.4B | — | $781302 | $14M | $2M | $32M | $14M | $2M | $10M | $10M | $3M |
| P/E Ratio → | -1.01 | — | — | — | — | — | — | — | — | — | — |
| P/S Ratio | 52.23 | — | 0.61 | 0.84 | 0.22 | 14.38 | 7.31 | 2.17 | 2.06 | 1.46 | 0.36 |
| P/B Ratio | 0.61 | 0.73 | 1.06 | — | 0.26 | 2.67 | 6.14 | 1.66 | 5.03 | 7.37 | 2.76 |
| P/FCF | — | — | — | 13.96 | — | — | — | — | — | 127.51 | — |
| P/OCF | — | — | — | 7.11 | — | — | — | 69.01 | — | 84.72 | — |
P/E links to full P/E history page with 30-year chart
SBET EV Ratios
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 | — | — | 0.21 | 2.92 | 0.66 | 12.14 | 6.26 | 0.83 | 1.63 | 1.21 | 0.22 |
| EV / EBITDA | — | — | — | — | — | — | — | — | — | — | — |
| EV / EBIT | — | — | — | — | — | — | — | — | — | — | — |
| EV / FCF | — | — | — | 48.75 | — | — | — | — | — | 105.06 | — |
SBET Profitability
Margins and return-on-capital ratios measuring operating efficiency
SharpLink Gaming Ltd. earns an operating margin of -1999.5%, below the Consumer Cyclical sector average of 2.9%. Operating margins have compressed from -179.6% to -1999.5% over the past 3 years, signaling potential cost pressures or competitive headwinds. A negative ROE of -60.7% indicates the company is currently destroying shareholder equity.
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 | 93.2% | 93.2% | 24.7% | 30.9% | 37.7% | -11.4% | 18.6% | 15.2% | 63.3% | 59.3% | 50.8% |
| Operating Margin | -1999.5% | -1999.5% | -130.1% | -179.6% | -409.3% | -1270.8% | -53.0% | -16.0% | -19.2% | -20.6% | -40.8% |
| Net Profit Margin | -2618.4% | -2618.4% | 275.8% | -287.6% | -436.5% | -2111.1% | -50.0% | -12.9% | -15.1% | -19.9% | -37.0% |
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 | -60.7% | -60.7% | 484.9% | — | -177.4% | -658.3% | -39.1% | -11.1% | -43.1% | -96.0% | -129.7% |
| ROA | -60.4% | -60.4% | 27.4% | -20.9% | -35.6% | -445.5% | -18.3% | -3.9% | -11.0% | -16.4% | -30.3% |
| ROIC | -35.2% | -35.2% | -454.7% | -244.6% | -167.1% | -583.3% | -782.0% | — | — | — | -370.0% |
| ROCE | -46.3% | -46.3% | -228.7% | — | -137.1% | -381.0% | -34.6% | -10.3% | -36.0% | -60.5% | -71.2% |
SBET Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
The company holds a net cash position — cash of $29M exceeds total debt of $0, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | — | — | — | — | 0.98 | 0.01 | 0.07 | — | — | — | — |
| Debt / EBITDA | — | — | — | — | — | — | — | — | — | — | — |
| Net Debt / Equity | — | -0.01 | -0.69 | — | 0.52 | -0.42 | -0.88 | -1.03 | -1.05 | -1.30 | -1.08 |
| Net Debt / EBITDA | — | — | — | — | — | — | — | — | — | — | — |
| Debt / FCF | — | — | — | 34.79 | — | — | — | — | — | -22.45 | — |
| Interest Coverage | — | — | -14.68 | -7.73 | -130.84 | — | -877.60 | -19.05 | — | — | — |
Net cash position: cash ($29M) exceeds total debt ($0)
SBET Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
SharpLink Gaming Ltd.'s current ratio of 2.44x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The current ratio has improved from 0.90x to 2.44x 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 | 2.44 | 2.44 | 5.23 | 0.90 | 0.92 | 1.62 | 2.10 | 1.04 | 0.81 | 0.73 | 0.83 |
| Quick Ratio | 2.44 | 2.44 | 5.23 | 0.90 | 0.92 | 1.62 | 2.10 | 1.04 | 0.81 | 0.73 | 0.83 |
| Cash Ratio | 2.39 | 2.39 | 2.94 | 0.03 | 0.02 | 1.03 | 1.68 | 0.81 | 0.60 | 0.39 | 0.23 |
| Asset Turnover | — | 0.01 | 1.42 | 0.07 | 0.05 | 0.13 | 0.52 | 0.30 | 0.78 | 1.00 | 1.14 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | 2.88 | 26.39 | 31.48 | 47.36 | 152.95 | 101.11 | 80.61 | 41.41 | 25.18 | 145.64 |
SBET Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
SharpLink Gaming Ltd. returns 2.2% 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 | — | — | — | — | — | — | 3.9% | 11.4% | — | — | — |
| 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 | — | — | — | — | — | — | — | — | — | — | — |
| FCF Yield | — | — | — | 7.2% | — | — | — | — | — | 0.8% | — |
| Buyback Yield | 2.2% | — | 0.0% | 0.0% | 0.0% | 0.0% | 4.5% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 2.2% | — | 0.0% | 0.0% | 0.0% | 0.0% | 8.4% | 11.4% | 0.0% | 0.0% | 0.0% |
| Shares Outstanding | — | $0 | $286938 | $230080 | $20732 | $119169 | $44773 | $20889 | $14313 | $12464 | $11739 |
Peer Comparison
Compare SBET 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 |
|---|---|---|---|---|---|---|---|---|---|
 SBETYou | $1B | -1.0 | — | — | 93.2% | -1999.5% | -60.7% | -35.2% | — |
 GENI | $1B | -10.8 | — | 18.2 | 23.0% | -15.6% | -17.2% | -16.6% | — |
 RILY | $305M | 1.1 | 8.3 | — | 65.0% | 14.6% | — | 8.3% | 7.9 |
 DKNG | $13B | -3113.6 | 49.4 | 19.3 | 41.3% | -0.3% | 0.5% | -0.9% | 7.4 |
 PENN | $2B | -2.9 | 13.8 | — | 27.4% | 3.9% | -36.0% | 1.8% | 11.7 |
 RSI | $3B | 199.2 | 20.9 | 18.1 | 34.6% | 7.7% | 13.3% | — | 0.1 |
 MGM | $10B | 50.1 | 31.6 | 5.8 | 44.4% | 5.7% | 5.9% | 1.7% | 27.8 |
 CZR | $6B | -11.5 | 8.9 | 10.9 | 37.7% | 18.1% | -12.5% | 5.4% | 7.5 |
 FLUT | $18B | -58.5 | 10.7 | 16.4 | 45.2% | 6.3% | -3.0% | 4.5% | 5.3 |
 SOFI | $20B | 41.0 | 22.8 | — | 75.1% | 11.0% | 5.7% | 3.6% | 2.4 |
 ACMR | $4B | 43.2 | 27.5 | — | 44.4% | 12.1% | 6.2% | 7.0% | 2.4 |
| Consumer Cyclical Median | — | 19.4 | 11.4 | 15.3 | 36.8% | 2.9% | 5.7% | 5.8% | 4.4 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 24 years · Updated daily
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Quick answers to the most common questions about buying SBET stock.
What is SharpLink Gaming Ltd.'s P/E ratio?
SharpLink Gaming Ltd.'s current P/E ratio is -1.0x. The historical average is 14.0x.
What is SharpLink Gaming Ltd.'s ROE?
SharpLink Gaming Ltd.'s return on equity (ROE) is -60.7%. The historical average is -18.4%.
Is SBET stock overvalued?
Based on historical data, SharpLink Gaming Ltd. is trading at a P/E of -1.0x. Compare with industry peers and growth rates for a complete picture.
What are SharpLink Gaming Ltd.'s profit margins?
SharpLink Gaming Ltd. has 93.2% gross margin and -1999.5% operating margin.