5 years of historical data (2020–2024) · Technology · Consumer Electronics
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Turtle Beach Corporation trades at 16.1x earnings, 11% below its 5-year average of 18.1x, sitting at the 33rd percentile of its historical range. Compared to the Technology sector median P/E of 25.2x, the stock trades at a discount of 36%. On a free-cash-flow basis, the stock trades at 285.9x P/FCF, 94% above the 5-year average of 147.0x.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Market Cap | $242M | $361M | $188M | $118M | $406M | $353M |
| Enterprise Value | $334M | $453M | $169M | $126M | $369M | $306M |
| P/E Ratio → | 16.08 | 22.19 | — | — | 22.95 | 9.09 |
| P/S Ratio | 0.65 | 0.97 | 0.73 | 0.49 | 1.11 | 0.98 |
| P/B Ratio | 2.17 | 2.99 | 2.21 | 1.33 | 2.87 | 3.03 |
| P/FCF | 285.90 | 425.74 | 7.54 | — | — | 7.77 |
| P/OCF | 42.03 | 62.59 | 6.94 | — | — | 6.91 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
Turtle Beach Corporation's enterprise value stands at 10.6x EBITDA, 7% below its 5-year average of 11.5x. The Technology sector median is 15.7x, placing the stock at a 32% discount on an enterprise-value basis.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.21 | 0.65 | 0.52 | 1.01 | 0.85 |
| EV / EBITDA | 10.64 | 14.41 | — | — | 14.32 | 5.62 |
| EV / EBIT | 16.69 | 24.16 | — | — | 17.95 | 5.78 |
| EV / FCF | — | 534.59 | 6.79 | — | — | 6.74 |
Margins and return-on-capital ratios measuring operating efficiency
Turtle Beach Corporation earns an operating margin of 5.4%. Operating margins have expanded from -21.4% to 5.4% over the past 3 years, signaling improving operational efficiency. ROE of 15.7% indicates solid capital efficiency. ROIC of 10.8% represents solid returns on invested capital.
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Gross Margin | 34.6% | 34.6% | 29.3% | 20.5% | 35.0% | 37.2% |
| Operating Margin | 5.4% | 5.4% | -6.4% | -21.4% | 5.6% | 13.7% |
| Net Profit Margin | 4.3% | 4.3% | -6.8% | -24.8% | 4.8% | 10.8% |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| ROE | 15.7% | 15.7% | -20.3% | -51.7% | 13.7% | 33.3% |
| ROA | 7.2% | 7.2% | -11.3% | -30.2% | 8.2% | 19.0% |
| ROIC | 10.8% | 10.8% | -15.1% | -38.6% | 17.7% | 52.9% |
| ROCE | 14.9% | 14.9% | -17.1% | -41.0% | 14.7% | 39.4% |
Solvency and debt-coverage ratios — lower is generally safer
Turtle Beach Corporation carries a Debt/EBITDA ratio of 3.3x, which is moderately leveraged (13% above the sector average of 3.0x). Net debt stands at $92M ($105M total debt minus $13M cash). Interest coverage of just 2.5x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Debt / Equity | 0.87 | 0.87 | — | 0.21 | — | — |
| Debt / EBITDA | 3.35 | 3.35 | — | — | — | — |
| Net Debt / Equity | — | 0.76 | -0.22 | 0.09 | -0.27 | -0.40 |
| Net Debt / EBITDA | 2.93 | 2.93 | — | — | -1.47 | -0.86 |
| Debt / FCF | — | 108.85 | -0.75 | — | — | -1.03 |
| Interest Coverage | 2.48 | 2.48 | -32.63 | -42.20 | 53.34 | 105.28 |
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.52x means Turtle Beach Corporation can comfortably meet its short-term obligations, though there is limited excess liquidity. The quick ratio of 0.95x 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 2.10x to 1.52x over the past 3 years.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Current Ratio | 1.52 | 1.52 | 2.22 | 2.10 | 2.47 | 2.16 |
| Quick Ratio | 0.95 | 0.95 | 1.43 | 0.99 | 1.17 | 1.25 |
| Cash Ratio | 0.11 | 0.11 | 0.33 | 0.18 | 0.48 | 0.59 |
| Asset Turnover | — | 1.25 | 1.72 | 1.47 | 1.59 | 1.77 |
| Inventory Turnover | 3.42 | 3.42 | 4.15 | 2.68 | 2.33 | 3.17 |
| Days Sales Outstanding | — | 91.18 | 76.91 | 65.86 | 35.82 | 44.46 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Turtle Beach Corporation returns 11.5% to shareholders annually primarily through share buybacks. The earnings yield of 6.2% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Earnings Yield | 6.2% | 4.5% | — | — | 4.4% | 11.0% |
| FCF Yield | 0.3% | 0.2% | 13.3% | — | — | 12.9% |
| Buyback Yield | 11.5% | 7.7% | 0.5% | 0.0% | 1.3% | 0.1% |
| Total Shareholder Yield | 11.5% | 7.7% | 0.5% | 0.0% | 1.3% | 0.1% |
| Shares Outstanding | — | $21M | $17M | $16M | $18M | $16M |
Compare TBCH with 4 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
| TBCHYou | $242M | 16.1 | 10.6 | 285.9 | 34.6% | 5.4% | 15.7% | 10.8% | 3.3 |
| SONY | $138B | 19.2 | 12.7 | 12.8 | 28.4% | 10.9% | 14.0% | 10.7% | 2.3 |
| SONO | $2B | -30.2 | 154.4 | 17.5 | 43.7% | -3.5% | -15.6% | -12.3% | 9.5 |
| KOSS | $39M | -44.2 | — | — | 37.8% | -13.8% | -2.8% | -4.2% | — |
| RIME | $4M | -0.7 | — | — | 20.3% | -59.3% | — | — | — |
| Technology Median | — | 25.2 | 15.7 | 17.3 | 49.8% | -0.9% | 1.1% | 2.9% | 3.0 |
Peers based on L4 peer group classification. Compare multiple stocks →
Includes 30+ ratios · 5 years · Updated daily
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Start ComparisonTurtle Beach Corporation's current P/E ratio is 16.1x. The historical average is 18.1x. This places it at the 33th percentile of its historical range.
Turtle Beach Corporation's current EV/EBITDA is 10.6x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 11.5x.
Turtle Beach Corporation's return on equity (ROE) is 15.7%. The historical average is -1.9%.
Based on historical data, Turtle Beach Corporation is trading at a P/E of 16.1x. This is at the 33th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Turtle Beach Corporation has 34.6% gross margin and 5.4% operating margin.
Turtle Beach Corporation's Debt/EBITDA ratio is 3.3x, indicating high leverage. A ratio between 2-4x is manageable but warrants monitoring.