Latest Ratios: P/E Ratio -0.7x · EV/EBITDA 4.5x · ROE -22.1%. (2013–2025 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 | $266M | $636M | $2.0B | $3.4B | $4.5B | $11.3B | $13.2B | $8.5B | $4.7B | $4.0B | $3.6B |
| Enterprise Value | $3.3B | $3.7B | $5.5B | $6.8B | $8.1B | $14.7B | $14.8B | $10.2B | $5.6B | $5.1B | $4.0B |
| P/E Ratio → | -0.74 | — | 140.36 | 14.62 | 19.20 | 38.60 | 43.45 | 47.83 | 28.51 | 17.27 | 36.27 |
| P/S Ratio | 0.18 | 0.42 | 1.29 | 2.01 | 2.63 | 7.01 | 9.98 | 7.31 | 4.38 | 4.21 | 4.38 |
| P/B Ratio | 0.18 | 0.44 | 1.13 | 1.86 | 2.59 | 6.28 | 8.85 | 10.15 | 6.06 | 6.02 | 7.89 |
| P/FCF | 0.96 | 2.29 | 20.42 | 11.53 | 13.73 | — | — | — | 24.46 | — | 33.40 |
| P/OCF | 0.47 | 1.13 | 3.06 | 5.09 | 6.09 | 15.99 | 23.03 | 17.37 | 11.52 | 12.46 | 14.25 |
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 | — | 2.45 | 3.47 | 4.08 | 4.75 | 9.17 | 11.20 | 8.71 | 5.22 | 5.27 | 4.86 |
| EV / EBITDA | 4.49 | 4.99 | 6.99 | 7.86 | 9.11 | 18.51 | 20.19 | 19.30 | 12.01 | 12.11 | 11.86 |
| EV / EBIT | 8.31 | 9.24 | 14.34 | 11.76 | 16.22 | 32.69 | 32.76 | 33.29 | 19.71 | 21.33 | 20.74 |
| EV / FCF | — | 13.23 | 54.97 | 23.37 | 24.74 | — | — | — | 29.14 | — | 37.11 |
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 | 51.3% | 51.3% | 73.6% | 73.7% | 72.4% | 71.6% | 68.4% | 66.7% | 65.5% | 64.9% | 62.9% |
| Operating Margin | 26.5% | 26.5% | 28.0% | 31.4% | 31.6% | 28.4% | 35.4% | 26.6% | 25.0% | 24.6% | 23.0% |
| Net Profit Margin | -23.7% | -23.7% | 0.9% | 13.4% | 12.5% | 18.2% | 23.0% | 15.3% | 15.4% | 24.4% | 12.1% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -22.1% | -22.1% | 0.8% | 12.7% | 12.1% | 17.7% | 26.1% | 22.1% | 22.8% | 41.6% | 22.2% |
| ROA | -5.9% | -5.9% | 0.2% | 3.3% | 3.1% | 5.1% | 8.0% | 6.5% | 7.3% | 12.9% | 7.1% |
| ROIC | 6.1% | 6.1% | 6.3% | 7.4% | 7.6% | 8.2% | 12.6% | 11.2% | 12.0% | 13.9% | 16.4% |
| ROCE | 7.1% | 7.1% | 6.9% | 8.0% | 8.1% | 8.3% | 13.0% | 12.1% | 12.7% | 14.2% | 14.7% |
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 | 2.23 | 2.23 | 2.00 | 2.02 | 2.20 | 2.15 | 1.46 | 2.09 | 1.50 | 1.75 | 1.18 |
| Debt / EBITDA | 4.34 | 4.34 | 4.59 | 4.20 | 4.29 | 4.84 | 2.98 | 3.33 | 2.50 | 2.81 | 1.60 |
| Net Debt / Equity | — | 2.12 | 1.92 | 1.92 | 2.07 | 1.93 | 1.08 | 1.94 | 1.16 | 1.51 | 0.88 |
| Net Debt / EBITDA | 4.13 | 4.13 | 4.40 | 3.98 | 4.05 | 4.35 | 2.19 | 3.09 | 1.93 | 2.43 | 1.19 |
| Debt / FCF | — | 10.94 | 34.55 | 11.84 | 11.01 | — | — | — | 4.68 | — | 3.71 |
| Interest Coverage | 3.06 | 3.06 | 2.77 | 3.42 | 4.03 | 3.97 | 6.15 | 4.26 | 4.70 | 5.06 | 6.36 |
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 | 0.40 | 0.40 | 1.31 | 1.69 | 1.42 | 1.86 | 3.04 | 0.96 | 2.38 | 1.42 | 1.67 |
| Quick Ratio | 0.40 | 0.40 | 1.31 | 1.69 | 1.42 | 1.86 | 3.04 | 0.96 | 2.38 | 1.42 | 1.67 |
| Cash Ratio | 0.20 | 0.20 | 0.72 | 0.94 | 0.88 | 1.44 | 2.59 | 0.66 | 1.98 | 0.95 | 1.24 |
| Asset Turnover | — | 0.27 | 0.24 | 0.25 | 0.25 | 0.23 | 0.30 | 0.37 | 0.47 | 0.43 | 0.59 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| 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 | 6.5% | 2.7% | 2.2% | 2.0% | 1.5% | 0.6% | 0.4% | 0.6% | 0.9% | 0.9% | 1.0% |
| Payout Ratio | — | — | 312.3% | 29.5% | 31.1% | 21.7% | 18.6% | 27.2% | 26.0% | 15.9% | 34.8% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | 0.7% | 6.8% | 5.2% | 2.6% | 2.3% | 2.1% | 3.5% | 5.8% | 2.8% |
| FCF Yield | 100.0% | 43.7% | 4.9% | 8.7% | 7.3% | — | — | — | 4.1% | — | 3.0% |
| Buyback Yield | 0.0% | 0.0% | 0.1% | 3.0% | 7.9% | 0.1% | 0.0% | 0.1% | 0.6% | 0.0% | 1.6% |
| Total Shareholder Yield | 6.5% | 2.7% | 2.4% | 4.9% | 9.3% | 0.6% | 0.4% | 0.6% | 1.5% | 0.9% | 2.5% |
| Shares Outstanding | — | $6M | $6M | $6M | $6M | $6M | $6M | $6M | $6M | $6M | $6M |
Fixed Wireless Access competition
According to recent market data, Cable One trades at a forward P/E of 2.27 and a P/S of 0.20, suggesting that investors are heavily discounting the firm's future earnings potential due to the persistent revenue contraction and the intensifying threat of wireless broadband alternatives in rural markets.
The depressed valuation multiples appear to reflect a market consensus that the company's historical pricing power is eroding. Investors should monitor whether these low multiples represent a value opportunity or a permanent re-rating of the business model as it struggles to defend its rural footprint.
Based on reported financial figures, the company's ROIC has remained stagnant near 1.5% over the last ten quarters, indicating that Cable One is struggling to generate meaningful returns on its invested capital as it attempts to navigate a transition toward a data-centric revenue model.
The inability to improve ROIC despite aggressive cost-cutting measures suggests that the capital-intensive nature of maintaining HFC networks is offsetting operational gains. This trend warrants further investigation into whether the company's current infrastructure investments are yielding the expected competitive advantages against emerging fiber and wireless entrants.
As reported in quarterly filings, the company's asset turnover has remained consistently low at 0.06, revealing that Cable One's revenue generation is heavily constrained by its massive physical infrastructure base and the diminishing returns on its existing homes passed in rural, lower-density geographic clusters.
The lack of improvement in asset turnover suggests that the company is not effectively monetizing its network assets to drive growth. Investors should consider whether the current operational efficiency is sufficient to support the high maintenance costs required to keep the network competitive in the long term.
According to recent balance sheet data, the company's debt-to-EBITDA ratio has fluctuated significantly, reaching 17.21 in 2026Q1, which indicates that the firm's ability to service its debt obligations is becoming increasingly strained as operating performance weakens and interest coverage ratios remain under consistent downward pressure.
The elevated leverage levels relative to the company's declining earnings power suggest a narrowing margin of safety for debt holders. This situation warrants close monitoring of future refinancing risks, particularly if the company's cash flow generation continues to exhibit the volatility observed in recent reporting periods.
Based on industry analysis, the EV/EBITDA multiple is frequently misapplied to Cable One, as it obscures the significant non-cash impairments and high capital expenditure requirements that currently distort the company's true economic profitability and cash-generating capacity in a rapidly evolving competitive landscape.
Analysts should instead focus on free cash flow yield and capital intensity ratios to better understand the company's actual ability to fund network upgrades. Relying solely on EBITDA-based valuation risks ignoring the reality that a large portion of earnings is being consumed by the necessity of defending a rural moat.
Includes 30+ ratios · 13 years · Updated daily
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Quick answers to the most common questions about buying CABO stock.
Cable One, Inc.'s current P/E ratio is -0.7x. The historical average is 41.4x.
Cable One, Inc.'s current EV/EBITDA is 4.5x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 12.1x.
Cable One, Inc.'s return on equity (ROE) is -22.1%. The historical average is 15.4%.
Based on historical data, Cable One, Inc. is trading at a P/E of -0.7x. Compare with industry peers and growth rates for a complete picture.
Cable One, Inc.'s current dividend yield is 6.51%.
Cable One, Inc. has 51.3% gross margin and 26.5% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
Cable One, Inc.'s Debt/EBITDA ratio is 4.3x, indicating high leverage. A ratio above 4x may signal elevated financial risk.