Latest Ratios: P/E Ratio -9.2x · EV/EBITDA 9.8x · ROE -25.3%. (1996–2025 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 | $1.0B | $1.1B | $1.1B | $849M | $1.1B | $2.0B | $2.5B | $3.1B | $2.7B | $3.8B | $3.1B |
| Enterprise Value | $4.7B | $4.7B | $4.7B | $4.5B | $4.7B | $13.7B | $14.1B | $14.5B | $5.5B | $7.2B | $7.1B |
| P/E Ratio → | -9.18 | — | 3.44 | — | 0.41 | — | — | 29.50 | 7.86 | 6.62 | 12.83 |
| P/S Ratio | 0.33 | 0.33 | 0.30 | 0.27 | 0.28 | 0.32 | 0.43 | 0.73 | 0.88 | 1.40 | 1.15 |
| P/B Ratio | 2.76 | 2.86 | 2.07 | 3.84 | 1.61 | — | — | 1.83 | 1.67 | 2.49 | 5.64 |
| P/FCF | 8.98 | 9.20 | 76.20 | 5.93 | 1.58 | 8.03 | 1.83 | 4.09 | 4.94 | 10.98 | 6.33 |
| P/OCF | 5.47 | 5.60 | 10.89 | 3.61 | 1.37 | 6.07 | 1.64 | 3.39 | 4.14 | 8.85 | 5.32 |
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 | — | 1.49 | 1.31 | 1.45 | 1.18 | 2.24 | 2.37 | 3.41 | 1.80 | 2.63 | 2.59 |
| EV / EBITDA | 9.82 | 9.88 | 5.81 | — | 1.08 | 18.02 | — | 15.44 | 5.30 | 6.36 | 7.00 |
| EV / EBIT | 30.43 | 19.46 | 6.65 | — | 7.47 | 298.86 | 9.62 | 32.88 | 9.16 | 9.82 | 12.15 |
| EV / FCF | — | 40.96 | 332.20 | 31.71 | 6.71 | 55.66 | 10.11 | 19.04 | 10.16 | 20.68 | 14.26 |
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 | 36.1% | 36.1% | 51.7% | 47.0% | 47.1% | 27.6% | 51.0% | 45.3% | 61.0% | 55.1% | 58.0% |
| Operating Margin | 4.9% | 4.9% | 15.5% | -10.6% | 101.3% | 1.5% | -46.6% | 11.1% | 21.6% | 27.0% | 22.0% |
| Net Profit Margin | -3.5% | -3.5% | 8.7% | -9.3% | 67.5% | -6.7% | -40.6% | 1.1% | 11.2% | 21.1% | 9.0% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -25.3% | -25.3% | 84.1% | -64.5% | 389.4% | — | -948.5% | 2.9% | 21.8% | 55.1% | 46.4% |
| ROA | -1.9% | -1.9% | 5.2% | -4.6% | 27.6% | -3.2% | -15.7% | 0.4% | 5.1% | 9.0% | 4.3% |
| ROIC | 2.8% | 2.8% | 10.3% | -6.1% | 41.8% | 0.7% | -17.8% | 4.0% | 10.6% | 11.8% | 10.4% |
| ROCE | 2.9% | 2.9% | 10.7% | -6.0% | 45.7% | 0.8% | -19.4% | 4.2% | 10.9% | 13.0% | 11.8% |
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 | 12.21 | 12.21 | 8.30 | 19.67 | 6.52 | — | — | 7.49 | 2.43 | 2.64 | 7.53 |
| Debt / EBITDA | 9.47 | 9.47 | 5.34 | — | 1.03 | 16.49 | — | 13.55 | 3.74 | 3.59 | 4.15 |
| Net Debt / Equity | — | 9.87 | 6.95 | 16.68 | 5.22 | — | — | 6.71 | 1.77 | 2.19 | 7.07 |
| Net Debt / EBITDA | 7.66 | 7.66 | 4.47 | — | 0.83 | 15.42 | — | 12.12 | 2.72 | 2.98 | 3.89 |
| Debt / FCF | — | 31.77 | 256.00 | 25.78 | 5.13 | 47.63 | 8.28 | 14.95 | 5.22 | 9.70 | 7.93 |
| Interest Coverage | 0.61 | 0.61 | 2.30 | -1.09 | 2.10 | 0.07 | 2.23 | 1.04 | 2.06 | 3.44 | 2.77 |
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 | 2.42 | 2.42 | 2.45 | 1.34 | 2.77 | 2.06 | 3.11 | 2.57 | 3.12 | 2.36 | 1.42 |
| Quick Ratio | 2.42 | 2.42 | 2.45 | 1.34 | 2.77 | 2.06 | 3.11 | 2.57 | 3.12 | 1.93 | 1.41 |
| Cash Ratio | 1.23 | 1.23 | 1.15 | 0.60 | 1.45 | 0.68 | 1.22 | 1.18 | 1.85 | 0.94 | 0.41 |
| Asset Turnover | — | 0.53 | 0.60 | 0.52 | 0.59 | 0.49 | 0.44 | 0.24 | 0.46 | 0.40 | 0.46 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | 3.92 | 199.01 |
| Days Sales Outstanding | — | 79.13 | 66.05 | 72.67 | 57.33 | 83.13 | 79.23 | 106.31 | 71.56 | 88.91 | 80.42 |
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 | 6.8% | 6.5% | 6.2% | 7.7% | 6.4% | 3.0% | 2.5% | 2.3% | 2.8% | 1.9% | 2.1% |
| Payout Ratio | — | — | 21.3% | — | 2.6% | — | — | 155.3% | 21.9% | 12.4% | 26.9% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | 29.1% | — | 242.0% | — | — | 3.4% | 12.7% | 15.1% | 7.8% |
| FCF Yield | 11.1% | 10.9% | 1.3% | 16.9% | 63.3% | 12.5% | 54.6% | 24.5% | 20.2% | 9.1% | 15.8% |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 18.0% | 11.0% | 3.1% | 13.5% | 4.7% | 8.2% | 0.8% | 4.3% |
| Total Shareholder Yield | 6.8% | 6.5% | 6.2% | 25.7% | 17.3% | 6.1% | 15.9% | 7.0% | 11.0% | 2.7% | 6.4% |
| Shares Outstanding | — | $69M | $66M | $65M | $71M | $75M | $80M | $93M | $102M | $101M | $94M |
Excessive debt-to-equity leverage
According to recent market data, Sinclair trades at a forward P/E of 6.85, which appears to reflect significant investor skepticism regarding the long-term viability of its broadcast model compared to peers like Nexstar, which commands a substantially higher valuation multiple despite similar industry headwinds.
The low P/S ratio of 0.30 suggests that the market assigns minimal terminal value to the company's broadcast assets, likely pricing in the secular decline of linear television. Investors should monitor whether the current discount is a value opportunity or a rational response to the company's high leverage and uncertain transition to new data-broadcasting technologies.
Based on reported financial figures, Sinclair's ROIC has struggled to gain traction, hovering at a marginal 0.6% as of 2026Q1, which indicates that the company is failing to generate returns that exceed its cost of capital, a trend that warrants further investigation by long-term shareholders.
The persistent inability to drive ROIC above low single digits suggests that past capital allocation, particularly in sports-related ventures, has been value-destructive. This trend appears to be a structural issue rather than a temporary setback, as the company continues to grapple with high fixed costs and declining core profitability.
As reported in recent SEC filings, Sinclair's debt-to-equity ratio of 11.52 remains significantly elevated compared to industry peers, suggesting that the company's balance sheet is highly vulnerable to interest rate volatility and potential refinancing challenges in the current macroeconomic environment.
The interest coverage ratio, which has dipped into negative territory at -0.61 in 2026Q1, indicates that the company may struggle to service its debt obligations from operating income alone. This leverage profile appears to be the primary driver of the company's risk premium and limits management's ability to pivot toward new growth initiatives.
Investors frequently misapply the P/E ratio to Sinclair, as reported in various market analyses, which obscures the company's true earning power by failing to account for the non-cash impairment charges and the extreme volatility inherent in the biennial political advertising cycle that distorts net income.
Because Sinclair's net income is often skewed by non-recurring items and accounting adjustments, EV/EBITDA or P/FCF are more appropriate metrics for assessing the company's operational health. Relying on P/E ratios may lead to a fundamental misunderstanding of the company's cash-generating capacity and its ability to sustain dividend payments.
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying SBGI stock.
Sinclair, Inc.'s current P/E ratio is -9.2x. The historical average is 20.5x.
Sinclair, Inc.'s current EV/EBITDA is 9.8x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 8.2x.
Sinclair, Inc.'s return on equity (ROE) is -25.3%. The historical average is 30.2%.
Based on historical data, Sinclair, Inc. is trading at a P/E of -9.2x. Compare with industry peers and growth rates for a complete picture.
Sinclair, Inc.'s current dividend yield is 6.75%.
Sinclair, Inc. has 36.1% gross margin and 4.9% operating margin.
Sinclair, Inc.'s Debt/EBITDA ratio is 9.5x, indicating high leverage. A ratio above 4x may signal elevated financial risk.