Latest Ratios: P/E Ratio -41.0x · EV/EBITDA N/A · ROE -6.0%. (2016–2025 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 | $436M | $430M | $313M | $838M | $576M | $1.6B | $1.6B | $1.7B | $1.0B | — | — |
| Enterprise Value | $280M | $275M | $139M | $710M | $399M | $1.4B | $1.3B | $1.3B | $707M | — | — |
| P/E Ratio → | -41.00 | — | — | — | — | — | — | — | — | — | — |
| P/S Ratio | 1.49 | 1.47 | 0.96 | 2.57 | 2.21 | 8.79 | 15.25 | 5.06 | 3.58 | — | — |
| P/B Ratio | 2.43 | 2.40 | 1.84 | 4.37 | 3.46 | 9.68 | 5.12 | 3.88 | 2.51 | — | — |
| P/FCF | 24.71 | 24.38 | 8.94 | 70.77 | 138.51 | 19.74 | — | 101.09 | — | — | — |
| P/OCF | 24.57 | 24.25 | 8.79 | 44.09 | 66.91 | 19.16 | — | 55.20 | 145.77 | — | — |
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 | — | 0.94 | 0.43 | 2.18 | 1.53 | 7.36 | 12.59 | 3.85 | 2.43 | — | — |
| EV / EBITDA | — | — | — | — | — | — | — | — | 234.29 | — | — |
| EV / EBIT | — | — | — | — | — | — | — | — | — | — | — |
| EV / FCF | — | 15.58 | 3.98 | 59.95 | 95.82 | 16.53 | — | 76.91 | — | — | — |
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 | 67.6% | 67.6% | 69.7% | 68.4% | 65.2% | 62.4% | 41.2% | 60.5% | 58.6% | 59.5% | 58.3% |
| Operating Margin | -8.9% | -8.9% | -9.5% | -12.6% | -17.9% | -36.2% | -187.0% | -21.4% | -13.3% | -16.6% | -26.3% |
| Net Profit Margin | -3.6% | -3.6% | -4.8% | -8.1% | -21.2% | -74.3% | -212.0% | -21.0% | -22.0% | -19.1% | -30.3% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -6.0% | -6.0% | -8.6% | -14.8% | -32.9% | -57.3% | -60.6% | -16.4% | -49.4% | — | — |
| ROA | -1.5% | -1.5% | -1.9% | -2.9% | -6.2% | -16.4% | -28.0% | -8.4% | -9.1% | -9.4% | -16.5% |
| ROIC | -187.3% | -187.3% | -76.5% | -117.5% | — | — | -470.0% | -96.3% | -36.9% | — | — |
| ROCE | -8.4% | -8.4% | -6.5% | -7.5% | -8.7% | -12.4% | -39.4% | -14.2% | -9.1% | -15.9% | -36.5% |
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 | 0.81 | 0.81 | 1.43 | 1.88 | 2.17 | 2.16 | 0.71 | 0.06 | 0.24 | — | — |
| Debt / EBITDA | — | — | — | — | — | — | — | — | 33.53 | — | — |
| Net Debt / Equity | — | -0.87 | -1.02 | -0.67 | -1.07 | -1.58 | -0.90 | -0.93 | -0.81 | — | — |
| Net Debt / EBITDA | — | — | — | — | — | — | — | — | -111.51 | — | — |
| Debt / FCF | — | -8.80 | -4.96 | -10.82 | -42.69 | -3.22 | — | -24.18 | — | -3.87 | — |
| Interest Coverage | — | — | -3.50 | -3.68 | -4.15 | -4.17 | -8.06 | -23.43 | -3.42 | -5.17 | -9.98 |
Net cash position: cash ($300M) exceeds total debt ($145M)
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 | 1.12 | 1.12 | 1.51 | 1.99 | 1.89 | 1.88 | 2.18 | 1.50 | 1.77 | 1.13 | 1.23 |
| Quick Ratio | 1.12 | 1.12 | 1.51 | 1.99 | 1.89 | 1.88 | 2.18 | 1.39 | 1.65 | 1.00 | 1.14 |
| Cash Ratio | 0.73 | 0.73 | 1.21 | 1.80 | 1.73 | 1.77 | 2.05 | 1.20 | 1.42 | 0.76 | 0.93 |
| Asset Turnover | — | 0.45 | 0.43 | 0.36 | 0.29 | 0.21 | 0.13 | 0.40 | 0.35 | 0.35 | 0.54 |
| Inventory Turnover | — | — | — | — | — | — | — | 3.54 | 3.20 | 2.57 | 4.14 |
| Days Sales Outstanding | — | 33.93 | 6.25 | 57.73 | 64.06 | 37.66 | 38.79 | 38.88 | 78.56 | 37.16 | 76.69 |
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 | — | — | — | — | — | — | — | — | — | — | — |
| FCF Yield | 4.0% | 4.1% | 11.2% | 1.4% | 0.7% | 5.1% | — | 1.0% | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 15.9% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — | — |
| Total Shareholder Yield | 0.0% | 0.0% | 15.9% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — | — |
| Shares Outstanding | — | $97M | $93M | $100M | $98M | $94M | $89M | $82M | $38M | $21M | $21M |
Persistent revenue contraction
As reported in recent financial filings, Eventbrite trades at a P/S ratio of 1.49, a valuation that appears to reflect a significant discount compared to SaaS-oriented peers, suggesting the market remains skeptical of the company's ability to transition from a transactional utility to a high-margin marketplace platform.
The negative P/E of -41.00 highlights the absence of GAAP profitability, forcing investors to rely on P/S and P/FCF metrics to gauge value. This valuation suggests the market is pricing in a 'broken growth' scenario, where the current revenue contraction outweighs the potential upside from new creator-focused monetization tools.
Based on reported figures, the company's ROIC has deteriorated to -28.5% in 2025Q4, indicating that the capital deployed into product development and platform infrastructure is currently failing to generate positive economic returns, a trend that warrants further investigation into the efficacy of recent strategic capital allocation decisions.
The persistent negative ROIC suggests that the company is struggling to achieve the scale necessary to cover its fixed cost base. Investors should monitor whether the shift toward higher-margin creator services can eventually reverse this trend or if the current business model is structurally incapable of compounding capital at acceptable rates.
According to quarterly data, the asset turnover ratio has remained stagnant at approximately 0.11, which suggests that the company's asset base is not being utilized efficiently to drive revenue growth, likely due to the combination of a shrinking top-line and a heavy, under-leveraged fixed cost structure.
Low asset turnover in a software-centric business often points to an over-capitalized balance sheet relative to current demand. This inefficiency implies that management may need to further rationalize the cost base or accelerate the adoption of high-margin marketplace services to improve the velocity of its existing asset base.
As reported in financial statements, the current ratio of 1.12 in 2025Q4 highlights a tightening liquidity position, which requires careful interpretation given that a portion of these current assets consists of creator payables that are not available for general corporate use or long-term operational funding.
While the company maintains a healthy debt-to-equity ratio of 0.81, the liquidity profile is sensitive to seasonal fluctuations in ticket sales and the timing of creator disbursements. The reliance on this 'float' suggests that any sustained decline in ticket volume could disproportionately impact the company's available working capital.
The most commonly misapplied metric for Eventbrite is the P/E ratio, which obscures the company's underlying cash generation potential by failing to account for the significant non-cash stock-based compensation expenses that frequently distort GAAP earnings and mask the true operational performance of the core ticketing business.
Analysts should instead focus on adjusted EBITDA and free cash flow, while carefully adjusting for changes in creator payables to isolate true operational cash generation. Relying on P/E in a period of negative margins and high SBC leads to a distorted view of the company's actual economic health.
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Quick answers to the most common questions about buying EB stock.
Eventbrite, Inc.'s current P/E ratio is -41.0x. This places it at the 50th percentile of its historical range.
Eventbrite, Inc.'s return on equity (ROE) is -6.0%. The historical average is -30.7%.
Based on historical data, Eventbrite, Inc. is trading at a P/E of -41.0x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Eventbrite, Inc. has 67.6% gross margin and -8.9% operating margin.