Turtle Beach Corporation (TBCH) Financial Ratios
6 years of historical data (2020–2025) · Technology · Consumer Electronics
EV/EBITDA
↓
9.61
↓-28% vs avg
5yr avg: 13.27
30Y Low5.6·High14.4
P/FCF
↑
7.05
↓-95% vs avg
5yr avg: 147.24
30Y Low7.5·High8.4
P/B Ratio
↓
1.92
↓-17% vs avg
5yr avg: 2.33
30Y Low1.3·High3.0
ROE
↓
12.6%
↓+311% vs avg
5yr avg: -6.0%
30Y Low-52%·High33%
Debt/EBITDA
↓
2.64
↓-12% vs avg
5yr avg: 2.99
30Y Low2.6·High3.3
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
TBCH Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Turtle Beach Corporation trades at 15.7x earnings, 26% below its 5-year average of 21.1x, sitting at the 25th percentile of its historical range. Compared to the Technology sector median P/E of 26.7x, the stock trades at a discount of 41%. On a free-cash-flow basis, the stock trades at 7.0x P/FCF, 95% below the 5-year average of 147.2x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Market Cap | $240M | $287M | $361M | $188M | $118M | $406M | $353M |
| Enterprise Value | $307M | $354M | $453M | $169M | $126M | $369M | $306M |
| P/E Ratio → | 15.70 | 18.22 | 22.19 | — | — | 22.95 | 9.09 |
| P/S Ratio | 0.75 | 0.90 | 0.97 | 0.73 | 0.49 | 1.11 | 0.98 |
| P/B Ratio | 1.92 | 2.23 | 2.99 | 2.21 | 1.33 | 2.87 | 3.03 |
| P/FCF | 7.05 | 8.43 | 425.74 | 7.54 | — | — | 7.77 |
| P/OCF | 6.77 | 8.09 | 62.59 | 6.94 | — | — | 6.91 |
P/E links to full P/E history page with 30-year chart
TBCH EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Turtle Beach Corporation's enterprise value stands at 9.6x EBITDA, 28% below its 5-year average of 13.3x. The Technology sector median is 17.5x, placing the stock at a 45% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.11 | 1.21 | 0.65 | 0.52 | 1.01 | 0.85 |
| EV / EBITDA | 9.61 | 11.08 | 14.41 | — | — | 14.32 | 5.62 |
| EV / EBIT | 15.73 | 18.14 | 24.16 | — | — | 17.95 | 5.78 |
| EV / FCF | — | 10.41 | 534.59 | 6.79 | — | — | 6.74 |
TBCH Profitability
Margins and return-on-capital ratios measuring operating efficiency
Turtle Beach Corporation earns an operating margin of 6.1%. Operating margins have expanded from -6.4% to 6.1% over the past 3 years, signaling improving operational efficiency. ROE of 12.6% is modest. ROIC of 7.2% represents adequate returns on invested capital.
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 |
|---|---|---|---|---|---|---|---|
| Gross Margin | 37.3% | 37.3% | 34.6% | 29.3% | 20.5% | 35.0% | 37.2% |
| Operating Margin | 6.1% | 6.1% | 5.4% | -6.4% | -21.4% | 5.6% | 13.7% |
| Net Profit Margin | 4.9% | 4.9% | 4.3% | -6.8% | -24.8% | 4.8% | 10.8% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| ROE | 12.6% | 12.6% | 15.7% | -20.3% | -51.7% | 13.7% | 33.3% |
| ROA | 5.5% | 5.5% | 7.2% | -11.3% | -30.2% | 8.2% | 19.0% |
| ROIC | 7.2% | 7.2% | 10.8% | -15.1% | -38.6% | 17.7% | 52.9% |
| ROCE | 11.0% | 11.0% | 14.9% | -17.1% | -41.0% | 14.7% | 39.4% |
TBCH Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Turtle Beach Corporation carries a Debt/EBITDA ratio of 2.6x, which is moderately leveraged (9% below the sector average of 2.9x). Net debt stands at $67M ($84M total debt minus $17M cash). Interest coverage of just 2.0x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.66 | 0.66 | 0.87 | — | 0.21 | — | — |
| Debt / EBITDA | 2.64 | 2.64 | 3.35 | — | — | — | — |
| Net Debt / Equity | — | 0.52 | 0.76 | -0.22 | 0.09 | -0.27 | -0.40 |
| Net Debt / EBITDA | 2.11 | 2.11 | 2.93 | — | — | -1.47 | -0.86 |
| Debt / FCF | — | 1.98 | 108.85 | -0.75 | — | — | -1.03 |
| Interest Coverage | 2.00 | 2.00 | 2.32 | -33.41 | -43.63 | 53.61 | 113.33 |
TBCH Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.98x means Turtle Beach Corporation can comfortably meet its short-term obligations, though there is limited excess liquidity. The quick ratio of 1.19x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory. The current ratio has declined from 2.22x to 1.98x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Current Ratio | 1.98 | 1.98 | 1.52 | 2.22 | 2.10 | 2.47 | 2.16 |
| Quick Ratio | 1.19 | 1.19 | 0.95 | 1.43 | 0.99 | 1.17 | 1.25 |
| Cash Ratio | 0.19 | 0.19 | 0.11 | 0.33 | 0.18 | 0.48 | 0.59 |
| Asset Turnover | — | 1.19 | 1.25 | 1.72 | 1.47 | 1.59 | 1.77 |
| Inventory Turnover | 2.90 | 2.90 | 3.42 | 4.15 | 2.68 | 2.33 | 3.17 |
| Days Sales Outstanding | — | 87.62 | 91.18 | 76.91 | 65.86 | 35.82 | 44.46 |
TBCH Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Turtle Beach Corporation returns 7.9% to shareholders annually primarily through share buybacks. The earnings yield of 6.4% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
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 |
|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Earnings Yield | 6.4% | 5.5% | 4.5% | — | — | 4.4% | 11.0% |
| FCF Yield | 14.2% | 11.9% | 0.2% | 13.3% | — | — | 12.9% |
| Buyback Yield | 7.9% | 6.6% | 7.7% | 0.5% | 0.0% | 1.3% | 0.1% |
| Total Shareholder Yield | 7.9% | 6.6% | 7.7% | 0.5% | 0.0% | 1.3% | 0.1% |
| Shares Outstanding | — | $20M | $21M | $17M | $16M | $18M | $16M |
Peer Comparison
Compare TBCH 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 |
|---|---|---|---|---|---|---|---|---|---|
 TBCHYou | $240M | 15.7 | 9.6 | 7.0 | 37.3% | 6.1% | 12.6% | 7.2% | 2.6 |
 KOSS | $42M | -47.2 | — | — | 37.8% | -13.8% | -2.8% | -4.2% | — |
 LOGI | $15B | 22.0 | 17.7 | 15.8 | 43.2% | 16.0% | 32.8% | 98.0% | — |
 SONO | $2B | -27.5 | 133.2 | 15.7 | 43.7% | -3.5% | -15.6% | -13.4% | 5.0 |
 MSFT | $3.1T | 30.2 | 19.3 | 42.7 | 68.8% | 45.6% | 33.3% | 24.9% | 0.7 |
 GPRO | $224M | -2.5 | — | — | 33.6% | -12.8% | -81.9% | -44.4% | — |
 SMSI | $18M | -0.6 | — | — | 74.1% | -110.8% | -101.8% | -48.3% | — |
 CRSR | $759M | -59.3 | 13.9 | 21.8 | 28.9% | 0.1% | -2.0% | 0.2% | 2.2 |
 NVDA | $4.8T | 40.1 | 35.9 | 49.4 | 71.1% | 60.4% | 101.5% | 81.8% | 0.1 |
 AMD | $579B | 134.1 | 86.3 | 86.0 | 49.5% | 10.7% | 7.2% | 4.7% | 0.7 |
 AMZN | $2.9T | 38.1 | 20.6 | 382.3 | 50.3% | 11.2% | 22.3% | 14.7% | 1.0 |
| Technology Median | — | 26.7 | 17.5 | 19.5 | 48.9% | -0.6% | 2.5% | 3.0% | 2.9 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
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Start ComparisonTBCH — Frequently Asked Questions
Quick answers to the most common questions about buying TBCH stock.
What is Turtle Beach Corporation's P/E ratio?
Turtle Beach Corporation's current P/E ratio is 15.7x. The historical average is 18.1x. This places it at the 25th percentile of its historical range.
What is Turtle Beach Corporation's EV/EBITDA?
Turtle Beach Corporation's current EV/EBITDA is 9.6x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 11.4x.
What is Turtle Beach Corporation's ROE?
Turtle Beach Corporation's return on equity (ROE) is 12.6%. The historical average is 0.6%.
Is TBCH stock overvalued?
Based on historical data, Turtle Beach Corporation is trading at a P/E of 15.7x. This is at the 25th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What are Turtle Beach Corporation's profit margins?
Turtle Beach Corporation has 37.3% gross margin and 6.1% operating margin.
How much debt does Turtle Beach Corporation have?
Turtle Beach Corporation's Debt/EBITDA ratio is 2.6x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.