Latest Ratios: P/E Ratio -0.0x · EV/EBITDA N/A · ROE -56.1%. (2017–2024 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $2M | $8M | $19M | $42M | $137M | $79M | $262M | $247M | — |
| Enterprise Value | $251M | $257M | $239M | $191M | $228M | $171M | $424M | $378M | — |
| P/E Ratio → | -0.04 | — | — | — | — | — | — | 229.17 | — |
| P/S Ratio | 0.11 | 0.40 | 0.78 | 2.63 | 12.74 | 11.10 | 33.32 | 35.90 | — |
| P/B Ratio | 0.03 | 0.12 | 0.15 | 0.22 | 0.67 | 0.48 | 7.49 | 2.00 | — |
| P/FCF | — | — | — | — | — | — | — | — | — |
| P/OCF | — | — | — | — | — | — | 280.71 | — | — |
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 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 12.13 | 9.89 | 11.93 | 21.20 | 24.03 | 53.94 | 54.84 | — |
| EV / EBITDA | — | — | — | — | — | — | — | 37.39 | — |
| EV / EBIT | — | — | — | — | — | — | — | 276.51 | — |
| EV / FCF | — | — | — | — | — | — | — | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 71.8% | 71.8% | 73.1% | 62.8% | -208.3% | -281.1% | -112.5% | -66.0% | 47.1% |
| Operating Margin | -139.9% | -139.9% | -204.9% | -237.7% | -337.8% | -460.8% | -419.3% | -11.3% | -55.2% |
| Net Profit Margin | -263.4% | -263.4% | -284.6% | -287.1% | -858.0% | -640.8% | -711.1% | 15.7% | -170.8% |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|
| ROE | -56.1% | -56.1% | -43.2% | -23.2% | -50.0% | -45.5% | -70.6% | 1.4% | -34.5% |
| ROA | -13.8% | -13.8% | -15.3% | -11.6% | -28.5% | -16.6% | -30.7% | 0.6% | -4.8% |
| ROIC | -6.7% | -6.7% | -10.8% | -9.0% | -9.9% | -10.8% | -11.0% | -0.3% | — |
| ROCE | -7.9% | -7.9% | -11.7% | -10.1% | -11.9% | -13.3% | -19.9% | -0.5% | -1.9% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 3.45 | 3.45 | 1.76 | 0.91 | 0.50 | 0.60 | 4.72 | 1.06 | 4.88 |
| Debt / EBITDA | — | — | — | — | — | — | — | 12.92 | 99.67 |
| Net Debt / Equity | — | 3.44 | 1.73 | 0.78 | 0.45 | 0.56 | 4.64 | 1.06 | 4.82 |
| Net Debt / EBITDA | — | — | — | — | — | — | — | 12.91 | 98.36 |
| Debt / FCF | — | — | — | — | — | — | — | — | — |
| Interest Coverage | -0.94 | -0.94 | -2.21 | -3.27 | -4.16 | -2.01 | -1.45 | — | — |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.31 | 0.31 | 0.95 | 1.56 | 1.40 | 1.77 | 0.30 | 0.16 | 0.12 |
| Quick Ratio | 0.31 | 0.31 | 0.95 | 1.56 | 1.40 | 1.77 | 0.30 | 4.38 | 0.12 |
| Cash Ratio | 0.11 | 0.11 | 0.18 | 1.19 | 0.73 | 0.31 | 0.09 | 0.15 | 0.05 |
| Asset Turnover | — | 0.06 | 0.05 | 0.04 | 0.03 | 0.02 | 0.03 | 0.05 | 0.03 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | 26.17 | 16.77 | 41.37 | 80.22 | 18.82 | 62.93 | — | 132.93 |
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 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | 2.4% | 1.8% | 0.1% | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | — | — | 0.4% | — |
| FCF Yield | — | — | — | — | — | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.3% | 0.0% | 0.0% | 0.0% | 0.0% | — |
| Total Shareholder Yield | 0.0% | 0.0% | 2.4% | 2.1% | 0.1% | 0.0% | 0.0% | 0.0% | — |
| Shares Outstanding | — | $7M | $6M | $5M | $4M | $3M | $1M | $1M | $4M |
Imminent liquidity and solvency crisis
As indicated by a P/S ratio of 0.11, the market currently prices HOFV as a distressed development project rather than a stabilized entertainment entity, reflecting deep skepticism regarding the company's ability to achieve the scale necessary to justify its substantial fixed-cost infrastructure and ongoing capital requirements.
The extremely low P/S multiple suggests that investors are assigning minimal value to the company's revenue-generating potential, likely due to the persistent net losses and the lack of a clear path to profitability. This valuation gap compared to broader entertainment peers indicates that the market is pricing in a high probability of further equity dilution or restructuring events.
Based on historical financial data, HOFV's ROIC has remained consistently negative, hovering around -1.5% to -2.0% in recent quarters, which demonstrates that the company is currently destroying shareholder value by deploying capital into projects that fail to generate returns exceeding the cost of the underlying debt.
The inability to achieve positive returns on invested capital highlights a structural inefficiency where the capital-intensive nature of the resort development is not being matched by sufficient operational throughput. This trend suggests that management's current allocation strategy is failing to compound value, necessitating a fundamental shift in how assets are utilized to drive returns.
According to recent quarterly filings, the company's asset turnover ratio remains stagnant at 0.01, signaling that the massive investment in physical infrastructure is not yet translating into meaningful revenue generation relative to the size of the balance sheet, which is typical of early-stage, capital-heavy destination developments.
The extremely high days payable outstanding, which reached 4585 days in 2025Q3, suggests that the company is relying heavily on extended credit terms from suppliers to manage its liquidity constraints. This reliance on supplier financing is a precarious strategy that may limit future operational flexibility and vendor relationships.
As reported in financial statements, the debt-to-equity ratio has escalated to 8.99, a significant increase from 1.24 in 2023Q2, which indicates that the company is increasingly reliant on debt to fund its operations as its equity base continues to be eroded by persistent net losses.
The negative interest coverage ratio confirms that the company is unable to service its debt obligations from operating income, creating a cycle of dependency on external financing. Investors should monitor this trend closely, as the current leverage profile leaves the firm highly vulnerable to any further tightening in credit availability.
The P/S ratio is frequently misapplied to HOFV, as it obscures the company's underlying cash burn and the high fixed-cost nature of its resort assets, which require significant capital expenditure that is not captured by top-line revenue metrics alone in this specific business model.
Analysts should instead focus on the cash burn rate and the ratio of operating cash flow to debt service, as these metrics provide a more accurate picture of the company's immediate survival risk. Relying on revenue multiples ignores the reality that the company's current revenue base is insufficient to cover its structural overhead.
Includes 30+ ratios · 8 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 HOFV stock.
Hall of Fame Resort & Entertainment Company's current P/E ratio is -0.0x. This places it at the 50th percentile of its historical range.
Hall of Fame Resort & Entertainment Company's return on equity (ROE) is -56.1%. The historical average is -40.2%.
Based on historical data, Hall of Fame Resort & Entertainment Company is trading at a P/E of -0.0x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Hall of Fame Resort & Entertainment Company has 71.8% gross margin and -139.9% operating margin.