Latest Ratios: P/E Ratio -1.8x · EV/EBITDA 46.0x · ROE -30.3%. (1996–2025 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 | $21M | $26M | $42M | $55M | $67M | $56M | $40M | $74M | $83M | $86M | $79M |
| Enterprise Value | $96M | $101M | $128M | $149M | $172M | $128M | $125M | $93M | $99M | $103M | $79M |
| P/E Ratio → | -1.84 | — | — | — | 7.21 | 4.33 | — | 27.50 | 17.77 | 21.38 | 19.51 |
| P/S Ratio | 0.13 | 0.16 | 0.23 | 0.30 | 0.36 | 0.42 | 0.38 | 0.45 | 0.52 | 0.56 | 0.52 |
| P/B Ratio | 0.66 | 0.82 | 0.96 | 1.06 | 1.11 | 1.09 | 1.08 | 1.73 | 1.89 | 2.03 | 1.84 |
| P/FCF | — | — | 19.23 | 12.12 | 3.80 | 7.81 | — | 10.26 | 18.31 | — | 14.46 |
| P/OCF | 12.04 | 15.02 | 9.04 | 6.54 | 3.29 | 6.01 | — | 6.95 | 8.63 | 8.31 | 10.35 |
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 | — | 0.61 | 0.70 | 0.81 | 0.94 | 0.97 | 1.17 | 0.57 | 0.62 | 0.67 | 0.53 |
| EV / EBITDA | 45.99 | 48.50 | 16.77 | 14.92 | 11.45 | 10.98 | — | 10.98 | 9.77 | 9.23 | 6.41 |
| EV / EBIT | — | — | — | — | 13.44 | 7.68 | — | 28.15 | 19.40 | 14.33 | 9.92 |
| EV / FCF | — | — | 58.31 | 32.86 | 9.76 | 17.87 | — | 12.94 | 21.88 | — | 14.59 |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 35.6% | 35.6% | 37.1% | 37.3% | 38.7% | 38.2% | 34.7% | 38.3% | 38.3% | 38.5% | 40.1% |
| Operating Margin | -0.8% | -0.8% | 1.7% | 2.8% | 5.4% | 4.7% | -7.3% | 2.0% | 3.1% | 4.6% | 5.2% |
| Net Profit Margin | -6.9% | -6.9% | -2.1% | -3.2% | 5.1% | 9.8% | -4.4% | 1.6% | 2.9% | 2.6% | 2.7% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -30.3% | -30.3% | -8.2% | -10.6% | 16.6% | 29.1% | -11.7% | 6.2% | 10.8% | 9.5% | 9.6% |
| ROA | -7.9% | -7.9% | -2.3% | -3.1% | 5.0% | 8.2% | -3.8% | 3.0% | 5.6% | 5.4% | 6.0% |
| ROIC | -0.8% | -0.8% | 1.7% | 2.5% | 5.1% | 3.8% | -6.4% | 4.0% | 6.3% | 10.2% | 14.6% |
| ROCE | -1.1% | -1.1% | 2.2% | 3.2% | 6.5% | 4.9% | -7.8% | 4.5% | 8.3% | 13.3% | 15.6% |
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 | 2.67 | 2.67 | 2.20 | 2.08 | 2.14 | 1.77 | 2.72 | 0.62 | 0.48 | 0.43 | 0.19 |
| Debt / EBITDA | 41.28 | 41.28 | 12.59 | 10.76 | 8.56 | 7.83 | — | 3.12 | 2.09 | 1.63 | 0.64 |
| Net Debt / Equity | — | 2.32 | 1.96 | 1.82 | 1.75 | 1.40 | 2.27 | 0.45 | 0.37 | 0.40 | 0.02 |
| Net Debt / EBITDA | 35.83 | 35.83 | 11.24 | 9.41 | 7.00 | 6.19 | — | 2.28 | 1.59 | 1.51 | 0.06 |
| Debt / FCF | — | — | 39.07 | 20.74 | 5.96 | 10.07 | — | 2.68 | 3.57 | — | 0.13 |
| Interest Coverage | -8.27 | -8.27 | -6.34 | -3.38 | 10.75 | 13.54 | -5.34 | 2.30 | 4.38 | 9.53 | 19.24 |
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 | 0.77 | 0.77 | 0.63 | 0.79 | 1.12 | 1.08 | 0.89 | 0.76 | 0.74 | 0.39 | 0.96 |
| Quick Ratio | 0.68 | 0.68 | 0.55 | 0.68 | 1.01 | 0.97 | 0.81 | 0.64 | 0.62 | 0.31 | 0.85 |
| Cash Ratio | 0.49 | 0.49 | 0.36 | 0.48 | 0.82 | 0.60 | 0.56 | 0.40 | 0.28 | 0.05 | 0.43 |
| Asset Turnover | — | 1.24 | 1.18 | 1.04 | 0.88 | 0.82 | 0.69 | 1.72 | 1.89 | 1.92 | 2.21 |
| Inventory Turnover | 52.96 | 52.96 | 50.40 | 37.49 | 30.37 | 23.23 | 27.25 | 45.05 | 47.11 | 47.53 | 47.71 |
| Days Sales Outstanding | — | 4.68 | 7.50 | 7.19 | 7.20 | 12.44 | 7.28 | 7.39 | 10.40 | 11.14 | 10.62 |
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 | — | — | 4.8% | 4.1% | 1.3% | — | 4.3% | 4.7% | 4.2% | 3.0% | 4.3% |
| Payout Ratio | — | — | — | — | 9.6% | — | — | 130.1% | 74.0% | 63.6% | 84.9% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | 13.9% | 23.1% | — | 3.6% | 5.6% | 4.7% | 5.1% |
| FCF Yield | — | — | 5.2% | 8.3% | 26.3% | 12.8% | — | 9.8% | 5.5% | — | 6.9% |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.1% | 0.4% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 0.0% | 0.0% | 4.8% | 4.1% | 1.3% | 0.0% | 4.5% | 5.1% | 4.2% | 3.0% | 4.3% |
| Shares Outstanding | — | $4M | $4M | $4M | $4M | $4M | $4M | $4M | $4M | $4M | $4M |
Leasehold Concentration and Margin Erosion
According to current market data, ARKR trades at a P/S ratio of 0.13, which suggests that investors are heavily discounting the company's future revenue potential compared to broader restaurant sector peers, likely reflecting deep skepticism regarding the firm's ability to return to consistent, positive net profitability.
The negative P/E of -1.90 highlights the absence of earnings support for the current valuation, forcing investors to rely on asset-based metrics. This valuation gap relative to peers like Texas Roadhouse suggests that the market views ARKR as a distressed asset play rather than a growth-oriented restaurant operator.
As reported in recent financial statements, the company's operating margin has deteriorated to -0.80%, indicating that the high fixed-cost structure inherent in its premium urban and casino locations is no longer being adequately covered by the current, declining volume of transactional revenue across the portfolio.
The gross margin of 35.58% appears insufficient to absorb the rising labor and occupancy costs associated with its specific geographic footprint. This suggests that the company's earning power is structurally impaired, as it lacks the scale to offset inflationary pressures on its primary operating expenses.
Based on quarterly data, the ROIC has trended into negative territory at -0.9% in 2026Q2, which demonstrates that the company is currently failing to generate a return on its invested capital that exceeds the cost of maintaining its aging and high-barrier restaurant leasehold interests.
The persistent decline in ROIC suggests that capital allocation toward maintenance capex is not yielding commensurate improvements in unit-level profitability. Investors should monitor whether this trend indicates a permanent erosion of the company's ability to compound value through its existing asset base.
As evidenced by the 2026Q2 balance sheet, the current ratio has tightened to 0.88, which indicates that the company's short-term liquidity position is increasingly constrained and leaves little margin for error should the current negative cash flow trend persist in the coming fiscal quarters.
The reliance on a $11.3 million cash pile to bridge operational gaps suggests a vulnerable liquidity profile that may limit management's ability to pivot or modernize its restaurant concepts. This liquidity constraint warrants further investigation into the company's ability to meet obligations without further asset liquidation.
Based on an analysis of the business model, the P/E ratio is the most commonly misapplied metric for ARKR, as it obscures the underlying value of the company's irreplaceable, long-term leasehold interests in high-traffic locations which are not captured by current, depressed earnings-based valuation multiples.
Investors should instead focus on a sum-of-the-parts valuation that accounts for the intrinsic value of these specific leasehold assets. Relying on P/E or EV/EBITDA in a period of negative margins likely leads to an undervaluation of the company's potential as a real estate-backed entity.
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying ARKR stock.
Ark Restaurants Corp.'s current P/E ratio is -1.8x. The historical average is 16.4x.
Ark Restaurants Corp.'s current EV/EBITDA is 46.0x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 9.7x.
Ark Restaurants Corp.'s return on equity (ROE) is -30.3%. The historical average is 7.7%.
Based on historical data, Ark Restaurants Corp. is trading at a P/E of -1.8x. Compare with industry peers and growth rates for a complete picture.
Ark Restaurants Corp. has 35.6% gross margin and -0.8% operating margin.
Ark Restaurants Corp.'s Debt/EBITDA ratio is 41.3x, indicating high leverage. A ratio above 4x may signal elevated financial risk.