Latest Ratios: P/E Ratio -1.4x · EV/EBITDA 4.7x · ROE N/A. (2008–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $1.1B | $800M | $1.3B | $1.0B | $5.3B | $31.0B | $563M | $852M | $1.8B | $2.2B | $3.8B |
| Enterprise Value | $8.8B | $8.5B | $9.0B | $9.3B | $14.7B | $40.1B | $11.6B | $10.9B | $7.0B | $7.0B | $4.2B |
| P/E Ratio → | -1.41 | — | — | — | — | — | — | — | 16.44 | — | 33.75 |
| P/S Ratio | 0.22 | 0.17 | 0.29 | 0.21 | 1.36 | 12.25 | 0.45 | 0.16 | 0.33 | 0.43 | 1.17 |
| P/B Ratio | — | — | — | — | — | — | — | 0.70 | 1.30 | 1.04 | 1.87 |
| P/FCF | — | — | — | — | — | — | — | 17.35 | — | — | 377.06 |
| P/OCF | — | — | — | — | — | — | — | 1.47 | 3.46 | 4.08 | 8.73 |
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 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.75 | 1.93 | 1.93 | 3.76 | 15.87 | 9.37 | 2.00 | 1.27 | 1.38 | 1.31 |
| EV / EBITDA | 4.74 | 4.60 | 37.34 | 31.94 | — | — | — | 18.67 | 8.67 | 10.92 | 8.68 |
| EV / EBIT | 4.75 | — | 96.24 | 515.78 | — | — | — | 64.66 | 14.93 | — | 15.63 |
| EV / FCF | — | — | — | — | — | — | — | 222.81 | — | — | 423.90 |
Margins and return-on-capital ratios measuring operating efficiency
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 | 75.0% | 75.0% | 66.7% | 66.6% | 67.3% | 70.5% | 66.9% | 63.8% | 63.7% | 63.5% | 61.9% |
| Operating Margin | 38.1% | 38.1% | -1.7% | -1.5% | -13.4% | -36.8% | -330.2% | 2.5% | 4.9% | 2.0% | 6.8% |
| Net Profit Margin | -13.0% | -13.0% | -7.6% | -8.2% | -24.9% | -50.2% | -369.4% | -2.7% | 2.0% | -9.6% | 3.6% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | — | — | — | — | — | — | — | -11.4% | 6.3% | -23.6% | 6.5% |
| ROA | -7.8% | -7.8% | -4.1% | -4.4% | -9.8% | -12.0% | -38.3% | -1.3% | 1.1% | -5.3% | 1.7% |
| ROIC | 23.7% | 23.7% | -1.0% | -0.8% | -5.5% | -9.0% | -31.5% | 1.1% | 3.0% | 1.6% | 8.4% |
| ROCE | 29.0% | 29.0% | -1.1% | -1.0% | -6.3% | -10.5% | -40.1% | 1.4% | 3.2% | 1.3% | 3.7% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | — | — | — | — | — | — | — | 8.53 | 3.91 | 2.42 | 0.34 |
| Debt / EBITDA | 4.40 | 4.40 | 34.46 | 31.45 | — | — | — | 17.67 | 6.80 | 7.98 | 1.38 |
| Net Debt / Equity | — | — | — | — | — | — | — | 8.31 | 3.68 | 2.27 | 0.23 |
| Net Debt / EBITDA | 4.17 | 4.17 | 31.83 | 28.41 | — | — | — | 17.21 | 6.41 | 7.49 | 0.96 |
| Debt / FCF | — | — | — | — | — | — | — | 205.46 | — | — | 46.83 |
| Interest Coverage | -0.18 | -0.18 | 0.21 | 0.04 | -1.56 | -1.79 | -11.69 | 0.50 | — | — | 2.23 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.41 | 0.41 | 0.54 | 0.74 | 0.53 | 1.05 | 0.31 | 0.35 | 0.59 | 0.62 | 0.57 |
| Quick Ratio | 0.41 | 0.41 | 0.51 | 0.71 | 0.51 | 1.03 | 0.30 | 0.33 | 0.56 | 0.59 | 0.55 |
| Cash Ratio | 0.24 | 0.24 | 0.36 | 0.54 | 0.37 | 0.89 | 0.20 | 0.14 | 0.24 | 0.22 | 0.17 |
| Asset Turnover | — | 0.60 | 0.56 | 0.53 | 0.43 | 0.23 | 0.12 | 0.40 | 0.58 | 0.52 | 0.38 |
| Inventory Turnover | — | — | 30.17 | 40.67 | 35.17 | 23.82 | 19.32 | 52.74 | 56.28 | 54.60 | 42.41 |
| Days Sales Outstanding | — | 11.84 | 13.34 | 15.56 | 15.64 | 24.60 | 29.08 | 17.74 | 19.00 | 21.41 | 25.09 |
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 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | 0.0% | — | 1.2% | 9.9% | 14.3% | 4.8% | 2.1% |
| Payout Ratio | — | — | — | — | — | — | — | — | 234.4% | — | 68.7% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | — | — | — | 6.1% | — | 3.0% |
| FCF Yield | — | — | — | — | — | — | — | 5.8% | — | — | 0.3% |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 24.6% | 1.5% | 0.0% |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 1.2% | 9.9% | 38.9% | 6.3% | 2.1% |
| Shares Outstanding | — | $513M | $333M | $168M | $131M | $114M | $27M | $12M | $15M | $15M | $11M |
Unsustainable debt service obligations
According to current market data, AMC trades at an EV/EBITDA multiple of 4.88x, which appears artificially compressed compared to industry peers like Cinemark, suggesting that investors are pricing in significant long-term solvency risks rather than reflecting the company's underlying operational earnings power or growth potential.
The low EV/EBITDA multiple is likely a reflection of the market's skepticism regarding the company's ability to sustain its current capital structure. While a low multiple might typically signal a value opportunity, in this context, it appears to be a rational response to the persistent negative net margins and the ongoing necessity for equity dilution to manage debt maturities.
Based on reported figures, AMC's ROIC has struggled to maintain positive territory, fluctuating between -1.8% and 18.2% over the last ten quarters, which indicates that the company is failing to consistently generate returns on invested capital that exceed its weighted average cost of capital.
The extreme volatility in ROIC highlights the difficulty of maintaining a profitable return profile in a business model burdened by high fixed costs and cyclical revenue. The inability to achieve sustained, positive returns on capital suggests that recent investments in theater modernization have yet to translate into a durable competitive advantage that drives shareholder value.
As reported in financial statements, AMC's cash conversion cycle remains highly erratic, with DPO levels swinging from -58 to 105 days, reflecting a reliance on aggressive management of supplier payments to preserve liquidity during periods of low theatrical attendance and seasonal revenue troughs.
The wide variance in the cash conversion cycle suggests that the company's working capital efficiency is highly sensitive to the timing of film releases and studio negotiations. This lack of stability in managing payables and receivables indicates that the company lacks the operational leverage to maintain a predictable cash flow cycle, further complicating its liquidity management.
According to recent quarterly filings, AMC's current ratio has deteriorated to 0.35 as of 2026Q1, which indicates a severely constrained liquidity position that leaves the company with minimal flexibility to navigate unexpected operational shocks or prolonged downturns in the Hollywood content release cycle.
A current ratio below 1.0 is particularly concerning for a business with such high fixed-cost obligations and significant debt service requirements. This liquidity profile suggests that the company is perpetually reliant on external financing or equity issuance to meet its short-term obligations, which creates a structural vulnerability that is not present in more conservatively capitalized peers.
The most commonly misapplied metric for AMC is EBITDA, which frequently obscures the company's true financial health by ignoring the massive, non-discretionary maintenance capital expenditures required to keep its premium large format screens competitive against evolving home entertainment and streaming alternatives.
Investors should prioritize Free Cash Flow over EBITDA, as the latter fails to account for the heavy reinvestment needed to maintain the company's physical moat. Relying on EBITDA in this specific business model leads to an overestimation of the company's ability to service its debt, as it ignores the cash-intensive nature of theater operations.
Includes 30+ ratios · 18 years · Updated daily
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Quick answers to the most common questions about buying AMC stock.
AMC Entertainment Holdings, Inc.'s current P/E ratio is -1.4x. The historical average is 25.3x.
AMC Entertainment Holdings, Inc.'s current EV/EBITDA is 4.7x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 14.3x.
Based on historical data, AMC Entertainment Holdings, Inc. is trading at a P/E of -1.4x. Compare with industry peers and growth rates for a complete picture.
AMC Entertainment Holdings, Inc. has 75.0% gross margin and 38.1% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
AMC Entertainment Holdings, Inc.'s Debt/EBITDA ratio is 4.4x, indicating high leverage. A ratio above 4x may signal elevated financial risk.