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LIONLionsgate Studios Corp.
$13.94$4.1B
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  4. Financial Ratios

Lionsgate Studios Corp. (LION) Financial Ratios

Latest Ratios: P/E Ratio -20.2x · EV/EBITDA 6.6x · ROE N/A. (2004–2025 historical series)

Income StatementBalance SheetCash FlowRatios
AnnualQuarterly

LION Valuation Multiples

Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2018FY 2017FY 2016FY 2015
Market Cap$4.1B$2.6B$2.1B————————
Enterprise Value$7.8B$6.4B$5.6B————————
P/E Ratio →-20.20——————————
P/S Ratio1.541.010.67————————
P/B Ratio———————————
P/FCF355.39232.25—————————
P/OCF163.36106.76—————————

P/E links to full P/E history page with 30-year chart

LION EV Ratios

Enterprise-value multiples — capital-structure-neutral measures of total business value

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2018FY 2017FY 2016FY 2015
EV / Revenue—2.451.75————————
EV / EBITDA6.605.423.12————————
EV / EBIT53.0043.5252.41————————
EV / FCF—564.96—————————

LION Profitability

Margins and return-on-capital ratios measuring operating efficiency

Margins

Full margin charts and quarterly trend are on the Earnings History page

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2018FY 2017FY 2016FY 2015
Gross Margin39.1%39.1%30.8%36.8%28.4%29.2%36.2%100.0%100.0%100.0%100.0%
Operating Margin5.6%5.6%3.9%4.7%4.5%4.1%5.0%500.7%57.5%63.1%76.6%
Net Profit Margin-7.5%-7.5%-4.0%-3.1%-0.0%0.4%-1.0%245.2%29.4%30.1%38.8%

Return on Capital

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2018FY 2017FY 2016FY 2015
ROE—————48.8%-9.1%10.3%10.4%11.7%13.8%
ROA-3.8%-3.8%-2.5%-2.0%-0.0%0.3%-0.5%0.9%0.9%0.9%1.1%
ROIC4.3%4.3%3.8%4.2%4.1%3.7%5.4%9.9%8.4%9.1%12.4%
ROCE6.9%6.9%7.4%7.4%5.9%4.7%2.8%2.0%1.8%2.1%2.3%

LION Leverage & Debt

Solvency and debt-coverage ratios — lower is generally safer

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2018FY 2017FY 2016FY 2015
Debt / Equity—————44.81—0.580.681.001.09
Debt / EBITDA3.353.352.0518.491.761.622.542.703.104.063.93
Net Debt / Equity—————40.64—0.560.650.981.08
Net Debt / EBITDA3.193.191.9317.111.651.472.152.593.003.983.89
Debt / FCF—332.71—7.198.75——1.591.75——
Interest Coverage0.570.570.441.381.031.160.842.813.423.984.89

LION Liquidity & Efficiency

Short-term solvency ratios and asset-utilisation metrics

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2018FY 2017FY 2016FY 2015
Current Ratio0.460.460.420.380.550.540.6828.2523.9913.6713.90
Quick Ratio0.460.460.420.380.550.540.6828.2523.9913.6713.90
Cash Ratio0.060.060.060.080.100.140.271.880.200.100.09
Asset Turnover—0.500.620.590.700.630.520.000.030.030.03
Inventory Turnover———————————
Days Sales Outstanding—107.10118.70119.90103.8793.2887.1875264.349664.129355.5810485.99

LION Shareholder Yields

Earnings, FCF, buyback, and dividend yields — total returns to shareholders

Dividends

Full dividend history and growth charts are on the Dividend History page

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2018FY 2017FY 2016FY 2015
Dividend Yield———————————
Payout Ratio———————————

Total Shareholder Return Metrics

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2018FY 2017FY 2016FY 2015
Earnings Yield———————————
FCF Yield0.3%0.4%—————————
Buyback Yield0.0%0.0%0.0%————————
Total Shareholder Yield0.0%0.0%0.0%————————
Shares Outstanding—$290M$285M$253M$287M$16M$22M$27M$27M$26M$22M

Key Metrics

Growth RegimeMixed
ProfitabilityStrained
Balance SheetVulnerable
Cash FlowMixed
Top Statement Risk

Theatrical release volatility

Verified Source

Metrics are mathematically derived from official filings.

SEC 10-K (2026Q1)

Market Pricing Reflects Structural Uncertainty

Based on reported figures, LION trades at a forward EV/EBITDA of 5.52x, which appears to discount the studio's library value significantly compared to broader entertainment peers, suggesting the market remains skeptical of the company's ability to sustain consistent profitability following its recent corporate separation.

The current forward P/E of 52.03x implies that investors are pricing in a substantial recovery in earnings that has yet to materialize in the trailing twelve-month data. This valuation gap suggests that the market is applying a conglomerate-style discount to a pure-play studio, potentially overlooking the long-term cash-generative potential of the 20,000-title library.

Capital Efficiency Hindered by Volatility

As reported in financial statements, LION's ROIC has fluctuated wildly between -2.3% and 4.4% over the last ten quarters, indicating that the studio struggles to consistently generate returns above its cost of capital due to the lumpy nature of theatrical and television production cycles.

The inability to maintain a positive ROIC trend suggests that the company's investment in new content is not yet yielding the expected margin expansion. Investors should monitor whether the recent shift to a pure-play studio model allows for more disciplined capital allocation and improved returns on the existing film slate.

Working Capital Cycles Remain Strained

According to recent SEC filings, LION's DSO has shown significant volatility, peaking at 175 days in 2025Q3, which highlights the inherent difficulty in managing cash conversion cycles when revenue is tied to the irregular delivery of major film and television projects.

The high DSO figures suggest that the company may be offering extended payment terms to distributors or facing delays in collecting on licensing agreements. This inefficiency in working capital management places additional pressure on the company's already tight liquidity position, necessitating careful monitoring of receivables quality.

Debt Service Capacity Remains Precarious

Based on the provided quarterly data, LION's interest coverage ratio has been highly inconsistent, swinging from a negative -2.22x in 2025Q3 to a positive 2.19x in 2026Q1, reflecting a capital structure that is highly sensitive to the timing of content-related cash inflows.

The D/EBITDA ratio, which reached as high as 24.60x in 2024Q2, indicates that the company's debt load is disproportionate to its current operating earnings. This leverage profile leaves the studio with minimal margin for error, as any sustained downturn in theatrical performance could jeopardize its ability to service debt obligations.

Misapplication of Traditional Book Value

The most commonly misapplied metric for LION is the Price-to-Book ratio, which is rendered largely meaningless by the company's persistent negative equity position and the heavy reliance on intangible assets that do not reflect the true market value of the film library.

Investors should instead focus on EV/Library Value or adjusted FCF multiples to assess the studio's worth, as book value fails to capture the recurring revenue potential of the catalog. Relying on P/B in this context obscures the underlying asset quality and may lead to an incorrect assessment of the company's solvency.

Download Financial Ratios Data

Includes 30+ ratios · 21 years · Updated daily

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LION — Frequently Asked Questions

Quick answers to the most common questions about buying LION stock.

What is Lionsgate Studios Corp.'s P/E ratio?

Lionsgate Studios Corp.'s current P/E ratio is -20.2x. This places it at the 50th percentile of its historical range.

What is Lionsgate Studios Corp.'s EV/EBITDA?

Lionsgate Studios Corp.'s current EV/EBITDA is 6.6x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 4.3x.

Is LION stock overvalued?

Based on historical data, Lionsgate Studios Corp. is trading at a P/E of -20.2x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.

What are Lionsgate Studios Corp.'s profit margins?

Lionsgate Studios Corp. has 39.1% gross margin and 5.6% operating margin.

How much debt does Lionsgate Studios Corp. have?

Lionsgate Studios Corp.'s Debt/EBITDA ratio is 3.3x, indicating high leverage. A ratio between 2-4x is manageable but warrants monitoring.