Latest Ratios: P/E Ratio -0.6x · EV/EBITDA 19.6x · ROE -163.3%. (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 | $36M | $40M | $99M | $148M | $221M | $382M | $189M | $233M | $221M | $233M | $203M |
| Enterprise Value | $1.0B | $1.1B | $1.1B | $997M | $785M | $769M | $626M | $681M | $235M | $215M | $220M |
| P/E Ratio → | -0.63 | — | — | — | 16.35 | 18.45 | — | — | 67.18 | 38.04 | 22.24 |
| P/S Ratio | 0.06 | 0.07 | 0.17 | 0.27 | 0.51 | 0.98 | 0.62 | 1.07 | 1.31 | 1.51 | 1.46 |
| P/B Ratio | — | — | 1.21 | 0.69 | 1.44 | 2.54 | 1.49 | 1.36 | 1.21 | 1.25 | 1.46 |
| P/FCF | — | — | — | — | 12.42 | 7.77 | — | — | — | 29.46 | 13.40 |
| P/OCF | 5.43 | 5.99 | — | 6.14 | 5.92 | 6.46 | 20.98 | 12.42 | 9.92 | 12.00 | 9.12 |
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 | — | 1.84 | 1.85 | 1.81 | 1.82 | 1.98 | 2.06 | 3.12 | 1.39 | 1.40 | 1.58 |
| EV / EBITDA | 19.59 | 19.66 | 17.67 | 9.12 | 7.95 | 7.74 | 20.81 | 59.05 | 12.48 | 9.14 | 8.97 |
| EV / EBIT | 20.46 | 20.53 | 106.83 | 14.22 | 10.92 | 10.84 | — | — | 23.21 | 13.37 | 11.72 |
| EV / FCF | — | — | — | — | 44.04 | 15.64 | — | — | — | 27.19 | 14.50 |
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 | 34.1% | 34.1% | 42.6% | 44.1% | 46.0% | 48.3% | 44.5% | 42.1% | 5.6% | 9.5% | 11.6% |
| Operating Margin | 8.9% | 8.9% | 0.7% | 11.6% | 15.7% | 17.6% | -0.0% | -2.4% | 5.6% | 9.5% | 11.6% |
| Net Profit Margin | -10.7% | -10.7% | -22.3% | -5.1% | 1.9% | 5.3% | -15.8% | -8.8% | 2.0% | 4.1% | 6.6% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -163.3% | -163.3% | -86.5% | -15.3% | 5.2% | 14.9% | -32.1% | -10.8% | 1.8% | 3.8% | 6.9% |
| ROA | -5.2% | -5.2% | -9.9% | -2.5% | 1.0% | 3.0% | -6.8% | -3.8% | 1.2% | 2.5% | 4.6% |
| ROIC | 3.7% | 3.7% | 0.3% | 5.4% | 8.1% | 9.3% | -0.0% | -1.0% | 3.9% | 6.8% | 8.4% |
| ROCE | 4.6% | 4.6% | 0.4% | 6.1% | 9.2% | 10.8% | -0.0% | -1.2% | 4.0% | 6.8% | 9.2% |
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 | — | — | 12.96 | 4.76 | 4.31 | 3.29 | 3.94 | 2.92 | 0.32 | 0.30 | 0.40 |
| Debt / EBITDA | 20.20 | 20.20 | 17.66 | 9.34 | 6.74 | 4.98 | 16.64 | 43.56 | 3.16 | 2.41 | 2.27 |
| Net Debt / Equity | — | — | 11.76 | 3.96 | 3.65 | 2.57 | 3.44 | 2.60 | 0.08 | -0.10 | 0.12 |
| Net Debt / EBITDA | 18.91 | 18.91 | 16.02 | 7.77 | 5.70 | 3.89 | 14.53 | 38.81 | 0.74 | -0.76 | 0.68 |
| Debt / FCF | — | — | — | — | 31.62 | 7.87 | — | — | — | -2.27 | 1.11 |
| Interest Coverage | 0.49 | 0.49 | 0.10 | 0.75 | 1.09 | 1.66 | -0.00 | -0.45 | 2.40 | 4.40 | 5.94 |
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 | 1.30 | 1.30 | 1.58 | 2.21 | 3.49 | 2.33 | 1.57 | 1.40 | 1.10 | 2.45 | 1.61 |
| Quick Ratio | 1.26 | 1.26 | 1.53 | 2.16 | 3.46 | 2.30 | 1.55 | 1.37 | 1.08 | 2.43 | 1.59 |
| Cash Ratio | 0.86 | 0.86 | 1.15 | 1.83 | 1.56 | 1.78 | 1.05 | 0.97 | 0.91 | 2.17 | 1.36 |
| Asset Turnover | — | 0.50 | 0.47 | 0.40 | 0.49 | 0.55 | 0.45 | 0.30 | 0.61 | 0.56 | 0.64 |
| Inventory Turnover | 108.40 | 108.40 | 89.51 | 66.08 | 152.05 | 139.32 | 101.78 | 61.80 | 177.62 | 188.45 | 216.67 |
| Days Sales Outstanding | — | 7.62 | 7.03 | 12.11 | 7.70 | 8.84 | 9.88 | 19.02 | 13.04 | 14.88 | 12.34 |
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 | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
| 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% | 5.4% | — | — | 1.5% | 2.6% | 4.5% |
| FCF Yield | — | — | — | — | 8.0% | 12.9% | — | — | — | 3.4% | 7.5% |
| Buyback Yield | 10.9% | 9.9% | 0.2% | 0.9% | 0.2% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 10.9% | 9.9% | 0.2% | 0.9% | 0.2% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Shares Outstanding | — | $30M | $31M | $30M | $31M | $31M | $30M | $29M | $30M | $26M | $25M |
High leverage and insolvency
According to recent market data, Century Casinos trades at an EV/EBITDA multiple of 19.61, which, when contrasted with the company's persistent negative net margins, suggests that investors are pricing the equity based on potential recovery scenarios rather than current fundamental earnings power or historical cash flow generation.
The elevated EV/EBITDA multiple relative to regional peers like Accel Entertainment indicates that the market is heavily discounting the company's ability to deleverage. This valuation appears to imply a significant turnaround in property-level performance that has yet to materialize in the reported financial statements.
Based on reported figures, Century Casinos' ROIC has stagnated near 0.9% as of 2026Q1, a trend that highlights the company's struggle to generate adequate returns on its invested capital following a series of debt-funded acquisitions that have expanded the asset base without improving profitability.
The inability to consistently drive ROIC above the cost of capital suggests that the recent expansion strategy may be value-destructive. Investors should monitor whether the transition to land-based operations in Missouri can eventually lift these returns, though current trends indicate a persistent decay in capital efficiency.
As reported in financial statements, the company's cash conversion cycle has fluctuated between -10 and 1 days over the last ten quarters, reflecting an inconsistent ability to manage supplier leverage and inventory turnover across its diverse international gaming and hospitality property portfolio.
The erratic nature of the cash conversion cycle suggests that operational integration across different jurisdictions remains a challenge. This volatility complicates cash flow forecasting and may indicate that the company lacks the centralized procurement power necessary to optimize its working capital effectively.
According to recent SEC filings, the company's D/EBITDA ratio has reached extreme levels, peaking at 98.07 in 2025Q4, which underscores a precarious leverage profile that leaves little room for operational error in a high-interest-rate environment where lease obligations remain a primary fixed-cost constraint.
The high leverage ratio suggests that the company is effectively operating at the limit of its financial capacity. Any further contraction in regional gaming demand could trigger covenant breaches, necessitating a closer look at the company's ability to refinance its existing debt obligations.
Based on the company's current financial structure, the P/E ratio is a fundamentally flawed metric for Century Casinos, as the prevalence of negative net income renders the multiple meaningless and obscures the underlying cash-generating potential of the company's regional gaming assets.
Analysts should instead focus on Rent-Adjusted EBITDA to better capture the true operational performance, as the OpCo model masks significant fixed lease payments as operating expenses. Relying on P/E ignores the heavy depreciation and lease-related costs that are inherent to the current business model.
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying CNTY stock.
Century Casinos, Inc.'s current P/E ratio is -0.6x. The historical average is 26.9x.
Century Casinos, Inc.'s current EV/EBITDA is 19.6x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 12.0x.
Century Casinos, Inc.'s return on equity (ROE) is -163.3%. The historical average is -5.5%.
Based on historical data, Century Casinos, Inc. is trading at a P/E of -0.6x. Compare with industry peers and growth rates for a complete picture.
Century Casinos, Inc. has 34.1% gross margin and 8.9% operating margin.
Century Casinos, Inc.'s Debt/EBITDA ratio is 20.2x, indicating high leverage. A ratio above 4x may signal elevated financial risk.