Latest Ratios: P/E Ratio -8.6x · EV/EBITDA 7.7x · ROE N/A. (2012–2025 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 | $539M | $772M | $1.1B | $1.5B | $2.1B | $7.5B | $22.1B | $18.1B | $12.1B | $14.8B | — |
| Enterprise Value | $25.6B | $10M | $26.2B | $26.5B | $28.6B | $34.1B | $48.8B | $42.1B | $34.6B | $36.4B | — |
| P/E Ratio → | -8.59 | — | — | 27.08 | 10.70 | 7.56 | 50.49 | 130.19 | 640.31 | 9.87 | — |
| P/S Ratio | 0.06 | 0.09 | 0.12 | 0.16 | 0.22 | 0.74 | 2.23 | 1.86 | 1.26 | 1.59 | — |
| P/B Ratio | — | — | — | — | — | — | — | 7.95 | 3.28 | 2.68 | — |
| P/FCF | 3.61 | 0.63 | 7.45 | 12.16 | 4.61 | 4.61 | 11.60 | 9.50 | 8.91 | 13.87 | — |
| P/OCF | 0.44 | 0.63 | 0.70 | 0.81 | 0.88 | 2.62 | 7.42 | 6.08 | 4.81 | 7.32 | — |
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 | — | 0.00 | 2.92 | 2.87 | 2.97 | 3.38 | 4.93 | 4.31 | 3.61 | 3.91 | — |
| EV / EBITDA | 7.70 | 0.01 | 7.88 | 7.35 | 7.63 | 7.90 | 11.62 | 10.30 | 8.51 | 9.65 | — |
| EV / EBIT | — | — | 15.37 | 15.01 | 15.46 | 13.24 | 25.21 | 22.20 | 20.20 | 37.07 | — |
| EV / FCF | — | 0.01 | 175.17 | 218.09 | 63.25 | 21.00 | 25.60 | 22.09 | 25.53 | 34.16 | — |
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 | — | — | 67.7% | 49.4% | 48.4% | 66.5% | 66.2% | 66.2% | 66.8% | 67.4% | 68.2% |
| Operating Margin | -1.3% | -1.3% | 18.8% | 20.7% | 20.0% | 25.0% | 21.4% | 18.7% | 17.6% | 9.0% | 7.7% |
| Net Profit Margin | -21.8% | -21.8% | -1.1% | 0.6% | 2.0% | 9.8% | 4.4% | 1.4% | 0.2% | 16.0% | -13.8% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | — | — | — | — | — | — | 81.1% | 4.7% | 0.4% | 39.6% | -41.0% |
| ROA | -11.4% | -11.4% | -0.3% | 0.2% | 0.6% | 3.0% | 1.3% | 0.4% | 0.1% | 4.2% | -3.8% |
| ROIC | -0.8% | -0.8% | 5.1% | 5.7% | 5.6% | 7.4% | 6.1% | 5.2% | 4.7% | 2.4% | 2.4% |
| ROCE | -0.8% | -0.8% | 5.7% | 6.5% | 6.4% | 8.3% | 6.8% | 5.7% | 5.3% | 2.6% | 2.5% |
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 | — | — | — | — | — | — | — | 10.83 | 6.20 | 3.99 | 11.84 |
| Debt / EBITDA | 0.16 | 0.16 | 7.62 | 7.02 | 7.16 | 6.21 | 6.43 | 6.04 | 5.61 | 5.82 | 11.11 |
| Net Debt / Equity | — | — | — | — | — | — | — | 10.52 | 6.12 | 3.93 | 11.60 |
| Net Debt / EBITDA | -0.48 | -0.48 | 7.54 | 6.94 | 7.08 | 6.17 | 6.36 | 5.87 | 5.54 | 5.73 | 10.88 |
| Debt / FCF | — | -0.62 | 167.72 | 205.92 | 58.64 | 16.39 | 14.01 | 12.58 | 16.63 | 20.29 | — |
| Interest Coverage | -0.06 | -0.06 | 0.97 | 1.07 | 1.39 | 2.03 | 1.43 | 1.23 | — | — | — |
Net cash position: cash ($1.0B) exceeds total debt ($250M)
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 | 0.56 | 0.56 | 0.32 | 0.36 | 0.64 | 0.29 | 0.32 | 0.70 | 0.45 | 0.36 | 0.46 |
| Quick Ratio | 0.56 | 0.56 | 0.32 | 0.36 | 0.64 | 0.29 | 0.32 | 0.70 | 0.45 | 0.34 | 0.26 |
| Cash Ratio | 0.49 | 0.49 | 0.11 | 0.13 | 0.08 | 0.07 | 0.09 | 0.35 | 0.15 | 0.13 | 0.13 |
| Asset Turnover | — | 7.18 | 0.28 | 0.29 | 0.29 | 0.30 | 0.30 | 0.29 | 0.28 | 0.27 | 0.16 |
| Inventory Turnover | — | — | — | — | — | — | — | — | 1421.63 | 57.50 | 2.52 |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
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 | — | — | — | — | — | — | — | — | 12.4% | 6.2% | — |
| Payout Ratio | — | — | — | — | — | — | — | — | 7964.4% | 61.6% | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | 3.7% | 9.3% | 13.2% | 2.0% | 0.8% | 0.2% | 10.1% | — |
| FCF Yield | 27.7% | 159.2% | 13.4% | 8.2% | 21.7% | 21.7% | 8.6% | 10.5% | 11.2% | 7.2% | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 10.8% | 21.8% | 9.3% | 4.1% | 0.0% | — |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 10.8% | 21.8% | 9.3% | 16.6% | 6.2% | — |
| Shares Outstanding | — | $468M | $462M | $455M | $453M | $462M | $584M | $663M | $730M | $696M | $737M |
High leverage and insolvency
Based on reported figures, the company's P/FCF of 3.61 and negative P/E ratio suggest that market participants are pricing the equity as a distressed asset rather than a growth-oriented telecommunications provider, reflecting deep skepticism regarding the firm's ability to stabilize its long-term earnings power and debt obligations.
The low P/FCF multiple appears to be a function of depressed market capitalization rather than robust cash generation, as the company faces significant headwinds in its core residential segment. Investors should monitor whether these valuation levels represent a genuine value opportunity or a value trap, given the persistent erosion of the underlying subscriber base.
According to recent financial statements, the company's ROIC has struggled to maintain positive territory, fluctuating between -3.6% and 3.0% over the last ten quarters, which indicates that the firm is failing to generate returns that exceed its cost of capital in a highly competitive environment.
The inability to consistently generate positive returns on invested capital suggests that the aggressive fiber-to-the-home deployment strategy has yet to yield the expected efficiency gains. This trend warrants further investigation into whether the current capital allocation is merely sustaining existing operations rather than creating incremental value for shareholders.
As reported in quarterly filings, the company's asset turnover ratio has remained stagnant at approximately 0.07, highlighting a structural inability to leverage its massive physical infrastructure base to drive meaningful revenue growth compared to more efficient peers within the broader telecommunications services industry.
The persistent low asset turnover suggests that the company's heavy investment in network infrastructure is not translating into proportional revenue gains. This inefficiency may be exacerbated by the ongoing transition from legacy cable bundles to broadband-only services, which appears to be compressing the overall revenue per unit of capital deployed.
Based on the latest quarterly data, the current ratio has consistently hovered below 0.50, reaching a low of 0.26 in 2023Q3, which indicates that the company maintains a precarious liquidity position that leaves little room for error in managing its substantial short-term debt maturity profile.
The reliance on external financing to cover operational gaps is evident in these liquidity metrics, which appear significantly weaker than industry norms. Investors should monitor the company's access to credit markets, as any tightening in liquidity could force a shift in strategy that may further impair long-term growth prospects.
Analysts frequently rely on EV/EBITDA as the primary valuation metric for this business, yet this approach obscures the massive capital intensity required to maintain the network, effectively ignoring the reality that a significant portion of EBITDA must be reinvested to prevent further subscriber churn.
By focusing on EBITDA, market participants may overlook the true economic cost of the company's fiber-to-the-home transition and the ongoing maintenance requirements of the legacy coaxial network. A more appropriate metric would be free cash flow yield, which accounts for the heavy capital expenditures necessary to remain competitive against fixed wireless access providers.
Includes 30+ ratios · 14 years · Updated daily
DCF models, multiple analysis, and analyst estimates.
10-year return with dividends reinvested.
See how regular investing compounds over time.
Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying ATUS stock.
Altice USA, Inc.'s current P/E ratio is -8.6x. The historical average is 39.3x.
Altice USA, Inc.'s current EV/EBITDA is 7.7x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 7.9x.
Based on historical data, Altice USA, Inc. is trading at a P/E of -8.6x. Compare with industry peers and growth rates for a complete picture.
Altice USA, Inc. has -1.3% operating margin.
Altice USA, Inc.'s Debt/EBITDA ratio is 0.2x, indicating low leverage. A ratio below 2x is generally considered financially healthy.