Latest Ratios: P/E Ratio -47.8x · EV/EBITDA 7.2x · ROE -117.0%. (2008–2025 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 | $89M | $1.3B | $2.7B | $1.1B | $841M | $2.5B | $1.9B | $251M | $11M | $13M | $1M |
| Enterprise Value | $98M | $1.3B | $2.7B | $1.1B | $826M | $2.5B | $1.9B | $250M | $11M | $14M | $3M |
| P/E Ratio → | -47.82 | — | — | — | — | 2874.63 | 4847.62 | 130.43 | — | 7.20 | — |
| P/S Ratio | 0.59 | 7.31 | 17.85 | 24.44 | 23.35 | 41.19 | 369.41 | 87.00 | 12.15 | 108.12 | 69.73 |
| P/B Ratio | 0.65 | 27.65 | 24.75 | 34.71 | 28.23 | 131.38 | 145.49 | 242.67 | — | — | — |
| P/FCF | 46.12 | 52.70 | 1401.43 | 504.23 | 321.94 | 187.19 | 1027.36 | 172.70 | 36.77 | — | 1076.14 |
| P/OCF | 3.71 | 52.70 | 112.77 | 489.32 | 303.55 | 117.52 | 1027.36 | 172.70 | 36.77 | — | 1076.14 |
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 | — | 7.34 | 17.91 | 24.05 | 22.94 | 40.92 | 367.16 | 86.87 | 12.26 | 115.69 | 153.59 |
| EV / EBITDA | 7.24 | — | 199.96 | — | 1356.82 | 136.00 | 4783.11 | 124.01 | — | 6.27 | — |
| EV / EBIT | 35.71 | — | 572.17 | — | 4293.50 | 172.76 | 4802.41 | — | — | — | — |
| EV / FCF | — | 52.91 | 1406.22 | 496.28 | 316.28 | 185.95 | 1021.13 | 172.45 | 37.10 | — | 2370.21 |
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 | 56.6% | 56.6% | 58.6% | 22.3% | 25.4% | 75.8% | 61.7% | 99.2% | 92.1% | 58.3% | 100.0% |
| Operating Margin | -52.6% | -52.6% | 1.8% | -1.2% | 0.5% | 23.7% | 7.6% | 62.9% | -108.2% | -208.7% | -25981.8% |
| Net Profit Margin | -50.3% | -50.3% | -1.0% | -2.7% | 0.1% | 21.3% | 7.6% | 61.4% | -144.0% | 1500.9% | -50031.2% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -117.0% | -117.0% | -2.1% | -3.9% | 0.2% | 80.0% | 5.6% | 171.3% | — | — | — |
| ROA | -55.4% | -55.4% | -1.2% | -3.4% | 0.2% | 75.1% | 4.7% | 92.5% | -290.5% | 3603.5% | -12475.8% |
| ROIC | -84.0% | -84.0% | 3.1% | -2.7% | 1.7% | 540.5% | 27.0% | 204.2% | — | — | — |
| ROCE | -92.2% | -92.2% | 3.0% | -1.7% | 0.8% | 88.3% | 5.5% | 153.8% | — | — | — |
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 | 0.48 | 0.48 | 0.36 | 0.00 | 0.01 | 0.01 | 0.00 | 1.32 | — | — | — |
| Debt / EBITDA | — | — | 2.91 | — | 0.25 | 0.02 | 0.00 | 0.68 | — | 0.42 | — |
| Net Debt / Equity | — | 0.11 | 0.08 | -0.55 | -0.50 | -0.87 | -0.88 | -0.36 | — | — | — |
| Net Debt / EBITDA | — | — | 0.68 | — | -24.29 | -0.91 | -29.20 | -0.18 | — | 0.41 | — |
| Debt / FCF | — | 0.21 | 4.79 | -7.96 | -5.66 | -1.24 | -6.23 | -0.25 | 0.33 | — | 1294.07 |
| Interest Coverage | -21.00 | -21.00 | 1.34 | -38.47 | 20.95 | 279.49 | 33.69 | 39.96 | -6.12 | -0.61 | -1.14 |
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 | 0.59 | 0.59 | 0.71 | 5.10 | 7.10 | 14.86 | 25.00 | 1.65 | 0.38 | 0.05 | 0.00 |
| Quick Ratio | 0.50 | 0.50 | 0.65 | 4.72 | 6.68 | 15.52 | 25.00 | 1.65 | 0.38 | 0.05 | 0.00 |
| Cash Ratio | 0.30 | 0.30 | 0.48 | 3.82 | 5.51 | 12.45 | 21.18 | 0.95 | 0.21 | 0.02 | 0.00 |
| Asset Turnover | — | 1.55 | 0.71 | 1.24 | 1.11 | 2.95 | 0.38 | 0.96 | 1.12 | 1.37 | 1.63 |
| Inventory Turnover | 14.37 | 14.37 | 15.88 | 20.01 | 23.42 | — | — | — | — | — | — |
| Days Sales Outstanding | — | 15.88 | 23.47 | 32.08 | 30.94 | 18.56 | 118.61 | 161.33 | 148.38 | 190.10 | 182.50 |
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 | 1.1% | 0.0% | 0.0% | — | — | 0.5% | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | 90.1% | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | 0.0% | 0.0% | 0.8% | — | 13.9% | — |
| FCF Yield | 2.2% | 1.9% | 0.1% | 0.2% | 0.3% | 0.5% | 0.1% | 0.6% | 2.7% | — | 0.1% |
| Buyback Yield | 0.1% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 1.2% | 0.0% | 0.0% | 0.0% | 0.0% | 0.5% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Shares Outstanding | — | $12M | $9M | $3M | $2M | $3M | $3M | $2M | $644144 | $1M | $123 |
Integration and liquidity strain
According to recent market data, GMGI trades at a P/S ratio of 0.59, which appears to reflect significant investor skepticism regarding the company's ability to convert its expanded revenue base into sustainable earnings following the transformative MeridianBet acquisition and subsequent organizational restructuring efforts.
The forward P/E of 746.00 suggests that the market is pricing in a high-growth recovery, yet the current TTM P/E of -47.82 highlights the severe impact of recent operating losses on valuation metrics. Investors should monitor whether the current discount to peers is a structural mispricing or a rational response to the company's ongoing struggle to achieve consistent profitability.
Based on reported figures, GMGI's ROIC plummeted to -75.9% in 2025Q4, illustrating the substantial drag that acquisition-related integration costs and non-recurring charges have placed on the company's ability to generate meaningful returns on its invested capital during this period of aggressive expansion.
While the 2026Q1 recovery to 4.4% suggests a potential stabilization, the volatility in these returns indicates that the company's capital allocation strategy remains highly sensitive to the success of its B2C integration. The reliance on intangible assets, as evidenced by the goodwill concentration, warrants further investigation into whether these investments will eventually yield accretive returns.
As indicated by quarterly financial statements, GMGI's cash conversion cycle has fluctuated wildly, moving from a negative 38 days in 2025Q2 to a positive 32 days in 2026Q1, which suggests that the company is still refining its operational efficiency following the recent shift in its business model.
The increase in the cash conversion cycle appears to be driven by changes in the timing of payments and receivables, reflecting the complexities of managing a hybrid B2B/B2C platform. Analysts should monitor whether this trend indicates a structural shift in supplier leverage or merely temporary friction resulting from the integration of MeridianBet's operations.
Based on the most recent quarterly filings, GMGI's current ratio has tightened to 0.57, a level that suggests the company may face challenges in meeting its short-term obligations without further capital intervention or a significant improvement in its underlying cash generation capabilities.
The quick ratio of 0.48 further highlights the company's dependence on inventory and other less liquid assets to cover current liabilities. This liquidity profile appears vulnerable, particularly given the high cash burn associated with the ongoing integration of its newly acquired assets and the inherent volatility of the gaming sector.
As reported in financial statements, the P/E ratio is frequently misapplied to GMGI, as it fails to account for the significant non-cash amortization and one-time integration costs that currently distort the company's bottom-line earnings and mask the underlying cash-generating potential of its B2B and B2C segments.
Investors should instead focus on EV/EBITDA or free cash flow metrics to better assess the company's operational performance, as these measures are less sensitive to the accounting noise generated by recent M&A activity. Relying on P/E in this context may lead to an overly pessimistic view of the company's fundamental value.
Includes 30+ ratios · 18 years · Updated daily
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Quick answers to the most common questions about buying GMGI stock.
Golden Matrix Group, Inc.'s current P/E ratio is -47.8x. The historical average is 68.8x.
Golden Matrix Group, Inc.'s current EV/EBITDA is 7.2x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 6.3x.
Golden Matrix Group, Inc.'s return on equity (ROE) is -117.0%. The historical average is 12.4%.
Based on historical data, Golden Matrix Group, Inc. is trading at a P/E of -47.8x. Compare with industry peers and growth rates for a complete picture.
Golden Matrix Group, Inc.'s current dividend yield is 1.09%.
Golden Matrix Group, Inc. has 56.6% gross margin and -52.6% operating margin.