Latest Ratios: P/E Ratio -36.8x · EV/EBITDA N/A · ROE -365.0%. (2018–2025 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 |
|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $40.6B | $55.9B | $37.5B | $28.2B | $16.9B | $52.2B | — | — | — |
| Enterprise Value | $41.0B | $56.3B | $38.6B | $29.3B | $15.5B | $50.4B | — | — | — |
| P/E Ratio → | -36.82 | — | — | — | — | — | — | — | — |
| P/S Ratio | 8.30 | 11.43 | 10.40 | 10.07 | 7.62 | 27.19 | — | — | — |
| P/B Ratio | 104.27 | 149.02 | 179.55 | 410.69 | 55.57 | 88.01 | — | — | — |
| P/FCF | 30.00 | 41.30 | 58.29 | 227.27 | — | 93.52 | — | — | — |
| P/OCF | 22.59 | 31.11 | 45.56 | 61.51 | 45.90 | 79.17 | — | — | — |
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 |
|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 11.51 | 10.70 | 10.46 | 6.98 | 26.27 | — | — | — |
| EV / EBITDA | — | — | — | — | — | — | — | — | — |
| EV / EBIT | — | — | — | — | — | — | — | — | — |
| EV / FCF | — | 41.62 | 59.99 | 236.01 | — | 90.35 | — | — | — |
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 |
|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 78.1% | 78.1% | 77.8% | 76.8% | 75.4% | 74.1% | 74.0% | 75.9% | 77.5% |
| Operating Margin | -25.2% | -25.2% | -29.5% | -45.0% | -41.5% | -25.8% | -28.8% | -15.0% | -26.9% |
| Net Profit Margin | -21.8% | -21.8% | -26.0% | -41.2% | -41.5% | -25.6% | -27.4% | -14.0% | -27.1% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| ROE | -365.0% | -365.0% | -674.7% | -616.6% | -205.9% | -272.7% | — | — | — |
| ROA | -12.7% | -12.7% | -14.0% | -20.0% | -18.6% | -15.3% | -19.4% | -10.9% | -16.2% |
| ROIC | -87.7% | -87.7% | -65.0% | -5059.3% | — | — | — | — | — |
| ROCE | -31.0% | -31.0% | -32.1% | -41.9% | -34.9% | -32.9% | -60.3% | -33.4% | -45.4% |
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 |
|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 4.36 | 4.36 | 8.65 | 25.69 | 5.10 | 2.08 | — | — | — |
| Debt / EBITDA | — | — | — | — | — | — | — | — | — |
| Net Debt / Equity | — | 1.15 | 5.24 | 15.80 | -4.66 | -2.99 | — | — | — |
| Net Debt / EBITDA | — | — | — | — | — | — | — | — | — |
| Debt / FCF | — | 0.32 | 1.70 | 8.74 | — | -3.17 | -2.17 | -20.86 | -6.51 |
| Interest Coverage | -25.68 | -25.68 | -21.77 | -27.49 | -22.35 | -71.02 | — | — | — |
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 |
|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.96 | 0.96 | 1.02 | 1.07 | 1.55 | 1.73 | 1.16 | 1.15 | 1.19 |
| Quick Ratio | 0.96 | 0.96 | 1.02 | 1.07 | 1.55 | 1.73 | 1.16 | 1.15 | 1.19 |
| Cash Ratio | 0.60 | 0.60 | 0.66 | 0.72 | 1.20 | 1.39 | 0.73 | 0.72 | 0.81 |
| Asset Turnover | — | 0.51 | 0.50 | 0.45 | 0.41 | 0.42 | 0.50 | 0.67 | 0.60 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | 67.22 | 64.30 | 67.86 | 62.23 | 58.45 | 97.58 | 65.52 | 57.51 |
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 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | — | — | — | — |
| FCF Yield | 3.3% | 2.4% | 1.7% | 0.4% | — | 1.1% | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — | — | — |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — | — | — |
| Shares Outstanding | — | $690M | $647M | $616M | $596M | $506M | $535M | $526M | $161M |
Persistent Operating Margin Deficit
Based on current market data, RBLX trades at a 6.96x price-to-sales multiple, which appears to reflect investor expectations for long-term platform dominance rather than current profitability, as the company continues to report negative P/E ratios and lacks a clear path to near-term GAAP earnings growth.
The valuation premium relative to traditional gaming peers suggests the market classifies the company as a high-growth social utility rather than a standard content publisher. Investors should monitor whether this multiple can be sustained if the platform's user engagement growth decelerates or if the current reliance on stock-based compensation continues to dilute shareholder value.
As reported in financial statements, the company's ROIC has remained deeply negative, reaching -67.4% in 2026Q1, which indicates that the massive investments in infrastructure and developer ecosystem support have yet to generate a positive return on the capital deployed into the platform's core operations.
The persistent decay in return on invested capital suggests that the company is currently in a capital-intensive growth phase where the cost of scaling the platform exceeds the incremental returns generated by new users. This trend warrants further investigation into whether management can eventually pivot toward capital-light monetization strategies to improve these metrics.
According to recent SEC filings, the company's asset turnover remains low at 0.15, reflecting the heavy investment in non-current assets, while the DSO of 45 days highlights the reliance on payment processors that dictate the timing of cash inflows from the platform's virtual currency sales.
The efficiency of the business is heavily tied to its ability to manage the cash conversion cycle, which is currently supported by the upfront collection of bookings. Any disruption in the speed of these payment processing cycles could create immediate liquidity pressure given the company's thin current ratio.
Based on an analysis of reported figures, the most commonly misapplied metric for this business model is Adjusted EBITDA, which frequently excludes the Developer Exchange payouts that function as a core cost of goods sold rather than a discretionary operating expense for the platform.
By excluding these essential creator payouts, the metric obscures the true economic cost of maintaining the platform's content supply. Analysts should instead focus on free cash flow margins and bookings growth to better understand the underlying health of the business without the distortions created by non-GAAP adjustments.
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 RBLX stock.
Roblox Corporation's current P/E ratio is -36.8x. This places it at the 50th percentile of its historical range.
Roblox Corporation's return on equity (ROE) is -365.0%. The historical average is -281.2%.
Based on historical data, Roblox Corporation is trading at a P/E of -36.8x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Roblox Corporation has 78.1% gross margin and -25.2% operating margin.