Latest Ratios: P/E Ratio -64.1x · EV/EBITDA 7.4x · ROE -4.1%. (1997–2026 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 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $138.6B | $123.7B | $154.2B | $105.9B | $112.5B | $128.5B | $132.5B | $74.7B | $54.7B | $62.5B | $43.5B |
| Enterprise Value | $135.1B | $-417845775200 | $1.37T | $2.29T | $2.70T | $1.65T | $996.2B | $612.8B | $-55923206500 | $-178774493000 | $282.9B |
| P/E Ratio → | -64.05 | — | 0.14 | 0.11 | 0.12 | 0.15 | 0.13 | 0.13 | 0.06 | 0.13 | 0.59 |
| P/S Ratio | 1.65 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| P/B Ratio | 2.57 | 0.01 | 0.02 | 0.01 | 0.02 | 0.02 | 0.02 | 0.01 | 0.01 | 0.02 | 0.01 |
| P/FCF | 13.82 | 0.08 | 0.09 | 0.14 | — | 0.16 | 0.20 | 0.08 | 0.06 | 0.06 | 0.09 |
| P/OCF | 10.57 | 0.06 | 0.07 | 0.08 | 0.36 | 0.10 | 0.12 | 0.06 | 0.04 | 0.05 | 0.05 |
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 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | -0.03 | 0.11 | 0.18 | 0.25 | 0.17 | 0.11 | 0.07 | -0.01 | -0.02 | 0.04 |
| EV / EBITDA | 7.35 | -0.14 | 0.77 | 1.45 | 1.18 | 0.81 | 0.61 | 0.49 | -0.03 | -0.12 | 0.31 |
| EV / EBIT | 12.97 | -0.26 | 0.96 | 1.93 | 2.07 | 1.46 | 0.98 | 0.72 | -0.05 | -0.25 | 1.06 |
| EV / FCF | — | -0.26 | 0.82 | 3.05 | — | 2.08 | 1.50 | 0.67 | -0.06 | -0.18 | 0.59 |
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 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 30.8% | 30.8% | 28.4% | 25.7% | 29.5% | 27.2% | 27.0% | 28.3% | 27.7% | 27.1% | 25.5% |
| Operating Margin | 12.4% | 12.4% | 10.9% | 9.3% | 11.6% | 12.1% | 10.6% | 10.2% | 10.3% | 8.6% | 3.8% |
| Net Profit Margin | -2.6% | -2.6% | 8.8% | 7.5% | 9.2% | 8.9% | 11.4% | 7.0% | 10.6% | 5.7% | 1.0% |
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -4.1% | -4.1% | 14.0% | 13.5% | 16.3% | 14.2% | 16.2% | 11.2% | 22.6% | 14.4% | 2.3% |
| ROA | -1.4% | -1.4% | 3.3% | 3.0% | 3.3% | 3.1% | 3.9% | 2.5% | 4.6% | 2.7% | 0.4% |
| ROIC | 13.9% | 13.9% | 10.7% | 9.5% | 11.6% | 12.2% | 10.1% | 11.7% | 17.3% | 16.2% | 6.7% |
| ROCE | 9.3% | 9.3% | 5.8% | 5.3% | 6.0% | 5.9% | 4.9% | 5.0% | 6.3% | 5.7% | 2.4% |
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 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.20 | 0.20 | 0.49 | 0.53 | 0.61 | 0.63 | 0.39 | 0.34 | 0.31 | 0.37 | 0.38 |
| Debt / EBITDA | 0.58 | 0.58 | 2.34 | 2.60 | 1.78 | 1.75 | 1.61 | 1.63 | 0.84 | 0.92 | 1.31 |
| Net Debt / Equity | — | -0.06 | 0.14 | 0.28 | 0.39 | 0.27 | 0.13 | 0.09 | -0.02 | -0.07 | 0.08 |
| Net Debt / EBITDA | -0.19 | -0.19 | 0.68 | 1.39 | 1.13 | 0.75 | 0.53 | 0.43 | -0.07 | -0.17 | 0.26 |
| Debt / FCF | — | -0.34 | 0.73 | 2.91 | — | 1.92 | 1.30 | 0.59 | -0.12 | -0.24 | 0.50 |
| Interest Coverage | 15.06 | 15.06 | 34.93 | 28.84 | 49.28 | 77.54 | 39.03 | 76.82 | 82.15 | 52.53 | 18.30 |
Net cash position: cash ($2.22T) exceeds total debt ($1.68T)
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 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.18 | 1.18 | 0.70 | 0.66 | 0.61 | 0.63 | 0.64 | 0.68 | 0.86 | 0.92 | 0.83 |
| Quick Ratio | 0.94 | 0.94 | 0.57 | 0.52 | 0.46 | 0.53 | 0.55 | 0.59 | 0.76 | 0.80 | 0.71 |
| Cash Ratio | 0.44 | 0.44 | 0.32 | 0.23 | 0.20 | 0.28 | 0.30 | 0.31 | 0.46 | 0.49 | 0.39 |
| Asset Turnover | — | 0.84 | 0.37 | 0.38 | 0.35 | 0.33 | 0.33 | 0.33 | 0.41 | 0.45 | 0.43 |
| Inventory Turnover | 7.43 | 7.43 | 7.08 | 6.37 | 5.27 | 8.26 | 10.32 | 10.58 | 9.59 | 8.99 | 8.84 |
| Days Sales Outstanding | — | 50.47 | 54.74 | 60.50 | 58.90 | 59.66 | 55.39 | 52.78 | 54.31 | 51.41 | 56.52 |
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 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 0.7% | 100.0% | 74.7% | 93.1% | 76.9% | 57.9% | 46.2% | 66.3% | 69.6% | 45.6% | 58.2% |
| Payout Ratio | — | — | 10.1% | 10.2% | 8.6% | 8.4% | 6.0% | 8.5% | 4.2% | 5.8% | 34.5% |
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | 740.1% | 916.3% | 832.8% | 686.6% | 777.1% | 779.1% | 1675.1% | 785.4% | 168.6% |
| FCF Yield | 7.2% | 1275.4% | 1085.4% | 707.3% | — | 616.7% | 499.7% | 1217.8% | 1729.6% | 1587.5% | 1094.1% |
| Buyback Yield | 2.5% | 100.0% | 100.0% | 100.0% | 88.2% | 69.0% | 0.3% | 100.0% | 100.0% | 0.3% | 0.3% |
| Total Shareholder Yield | 3.2% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 46.5% | 100.0% | 100.0% | 45.9% | 58.5% |
| Shares Outstanding | — | $6.0B | $6.1B | $6.2B | $6.2B | $6.3B | $6.3B | $6.3B | $6.5B | $6.5B | $6.4B |
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying SONY stock.
Sony Group Corporation's current P/E ratio is -64.1x. The historical average is 0.6x.
Sony Group Corporation's current EV/EBITDA is 7.4x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 1.2x.
Sony Group Corporation's return on equity (ROE) is -4.1%. The historical average is 5.4%.
Based on historical data, Sony Group Corporation is trading at a P/E of -64.1x. Compare with industry peers and growth rates for a complete picture.
Sony Group Corporation's current dividend yield is 0.65%.
Sony Group Corporation has 30.8% gross margin and 12.4% operating margin. Operating margin between 10-20% is typical for established companies.
Sony Group Corporation's Debt/EBITDA ratio is 0.6x, indicating low leverage. A ratio below 2x is generally considered financially healthy.
Key Metrics
Top Statement Risk
Net loss despite positive operating margin
Margin Recovery Masked by Below-the-Line Charges
Gross margin expanded from 24.1% in 2024Q4 to 36.7% in 2027Q1, per reported financials, yet TTM net margin sits at -2.6%, implying non-operating items are distorting true earning power.
The operating margin of 16.7% in 2027Q1, up from 6.6% in 2024Q4, suggests core operations are improving, driven by a mix shift toward higher-margin digital and content revenue. However, the negative net margin in 2026Q3 (-27.2%) and the TTM net loss indicate that below-the-line items, possibly impairments or tax adjustments, are overwhelming operational gains. Investors should monitor whether these charges are truly one-time or signal recurring volatility in the Pictures or Financial Services segments.
ROIC Recovery After Financial Services Exit
ROIC improved to 4.3% in 2027Q1 from 1.7% in 2024Q4, per balance sheet data, as the deconsolidation of financial services reduced capital intensity and sharpened focus on core entertainment assets.
The rise in ROIC, despite a negative ROE of -4.1% on a TTM basis, suggests that operating capital is becoming more efficient, but shareholder returns are still dragged by net losses. The improvement in asset turnover from 0.07 in 2025Q1 to 0.18 in 2027Q1 indicates that the remaining asset base is generating more revenue per yen invested. This trend appears sustainable if the company continues to prioritize high-margin IP and sensor businesses over low-return hardware.
Working Capital Efficiency Tightens Post-Spin
Cash conversion cycle compressed to 11 days in 2027Q1 from 40 days in 2024Q4, per reported figures, driven by faster receivables collection and extended payables, indicating improved supplier leverage.
DSO fell from 60 to 59 days, while DPO rose from 74 to 113 days, allowing Sony to hold cash longer and reduce financing needs. DIO increased to 66 days in 2027Q1 from 54 days in 2024Q4, which may reflect inventory build-up ahead of hardware launches or sensor demand. The overall CCC improvement suggests management is extracting more cash from operations, though the inventory rise warrants monitoring for potential obsolescence in consumer electronics.
Leverage Halved by Financial Services Deconsolidation
D/E fell from 0.53 in 2024Q4 to 0.21 in 2027Q1, per balance sheet data, with interest coverage rising to 21.3x, indicating a significantly more comfortable debt service position.
Total debt dropped from ¥4.1T to ¥1.9T, reflecting the spin-off of financial services, which removed customer-related liabilities from the industrial balance sheet. The D/EBITDA ratio of 2.58 in 2027Q1, down from 12.76 in 2024Q4, suggests that core earnings now comfortably cover debt obligations. This deleveraging appears to provide financial flexibility for future content acquisitions or share buybacks, though the negative net margin could pressure coverage if operating income falters.
Liquidity Buffer Strengthens to Net Cash
Current ratio improved to 1.25 in 2027Q1 from 0.66 in 2024Q4, per reported data, with cash of ¥2.2T exceeding total debt of ¥1.9T, indicating a net cash position.
The quick ratio of 0.97 in 2027Q1, up from 0.52 in 2024Q4, suggests that even without selling inventory, Sony can cover most short-term liabilities. This liquidity improvement is partly a result of the financial services exit, which removed large customer deposits from the balance sheet. Under severe stress, such as a gaming downturn or sensor demand shock, the net cash position provides a cushion, though the negative ROE indicates that cash is not yet translating into shareholder returns.
Misapplied P/E Obscures Conglomerate Value
The TTM P/E of -64.59 is meaningless given the net loss, per valuation data, and forward P/E of 0.11 appears distorted by data anomalies, making EV/EBITDA of 7.42 a more reliable gauge.
Analysts often apply a single P/E to Sony, but the conglomerate structure and volatile below-the-line items make earnings-based multiples unreliable. The EV/EBITDA of 7.42, compared to Microsoft's 19.12 and WBD's 14.23, suggests the market is pricing Sony at a discount, possibly reflecting a conglomerate discount or concerns about the net loss. A sum-of-the-parts valuation, using segment-specific multiples for gaming, music, and sensors, would better capture the underlying value of Sony's diversified assets.