Latest Ratios: P/E Ratio 34.5x · EV/EBITDA 16.7x · ROE 31.5%. (2019–2025 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 |
|---|---|---|---|---|---|---|---|---|
| Market Cap | $7.5B | $6.1B | $3.1B | $1.6B | $1.5B | $558M | $4.9B | — |
| Enterprise Value | $7.1B | $5.6B | $2.8B | $1.3B | $1.2B | $248M | $5.0B | — |
| P/E Ratio → | 34.53 | 27.79 | 28.32 | — | 8.11 | 20.24 | 40.48 | — |
| P/S Ratio | 3.38 | 2.72 | 1.85 | 1.10 | 1.06 | 0.37 | 5.44 | — |
| P/B Ratio | 9.42 | 7.58 | 5.43 | 2.65 | 2.56 | 0.96 | 56.99 | — |
| P/FCF | 23.15 | 18.62 | 15.72 | 19.92 | 10.55 | 3.05 | 35.50 | — |
| P/OCF | 20.56 | 16.54 | 10.63 | 11.89 | 8.81 | 2.66 | 32.66 | — |
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 |
|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 2.52 | 1.66 | 0.94 | 0.88 | 0.17 | 5.54 | — |
| EV / EBITDA | 16.73 | 13.25 | 9.08 | 8.55 | 7.50 | 0.78 | 27.80 | — |
| EV / EBIT | 16.73 | 13.25 | 14.58 | 68.92 | 5.21 | 0.94 | 31.29 | — |
| EV / FCF | — | 17.28 | 14.14 | 16.95 | 8.73 | 1.35 | 36.11 | — |
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 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 27.2% | 27.2% | 49.6% | 46.4% | 50.7% | 58.6% | 59.7% | 51.6% |
| Operating Margin | 19.0% | 19.0% | 15.5% | 5.2% | 6.5% | 15.1% | 13.8% | -11.6% |
| Net Profit Margin | 9.7% | 9.7% | 6.7% | -0.7% | 14.0% | 17.9% | 16.4% | -3.8% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| ROE | 31.5% | 31.5% | 19.3% | -1.8% | 33.7% | 79.9% | 2379.5% | — |
| ROA | 18.4% | 18.4% | 10.5% | -1.1% | 20.5% | 32.8% | 29.3% | -5.2% |
| ROIC | 101.7% | 101.7% | 63.3% | 16.5% | 23.0% | 76.1% | 90.6% | -114.7% |
| ROCE | 55.4% | 55.4% | 41.2% | 12.1% | 14.9% | 60.4% | 293.1% | — |
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 |
|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.10 | 0.10 | 0.13 | 0.05 | 0.03 | 0.04 | 3.10 | — |
| Debt / EBITDA | 0.19 | 0.19 | 0.24 | 0.21 | 0.12 | 0.07 | 1.49 | — |
| Net Debt / Equity | — | -0.55 | -0.54 | -0.39 | -0.44 | -0.53 | 0.98 | — |
| Net Debt / EBITDA | -1.03 | -1.03 | -1.01 | -1.50 | -1.56 | -0.97 | 0.47 | — |
| Debt / FCF | — | -1.34 | -1.58 | -2.96 | -1.82 | -1.69 | 0.61 | 574.88 |
| Interest Coverage | 38.64 | 38.64 | 31.85 | 7.16 | 173.70 | 41.29 | 14.62 | -1.28 |
Net cash position: cash ($519M) exceeds total debt ($81M)
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.94 | 1.94 | 1.25 | 1.26 | 1.82 | 1.81 | 0.60 | 0.38 |
| Quick Ratio | 1.94 | 1.94 | 1.25 | 1.26 | 1.82 | 1.81 | 0.60 | 0.38 |
| Cash Ratio | 1.36 | 1.36 | 0.90 | 0.62 | 0.83 | 0.95 | 0.34 | 0.19 |
| Asset Turnover | — | 1.76 | 1.55 | 1.35 | 1.47 | 1.56 | 1.35 | 1.39 |
| Inventory Turnover | — | — | — | — | 7261.96 | 13655.50 | — | — |
| Days Sales Outstanding | — | 18.32 | 16.86 | 33.74 | 33.65 | 43.97 | 40.49 | 12.22 |
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 |
|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 2.1% | 2.6% | 1.5% | — | — | — | 0.2% | — |
| Payout Ratio | 71.9% | 71.9% | 40.8% | — | — | — | 6.7% | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 2.9% | 3.6% | 3.5% | — | 12.3% | 4.9% | 2.5% | — |
| FCF Yield | 4.3% | 5.4% | 6.4% | 5.0% | 9.5% | 32.8% | 2.8% | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.2% | 15.3% | 1.9% | 0.0% | — |
| Total Shareholder Yield | 2.1% | 2.6% | 1.5% | 0.2% | 15.3% | 1.9% | 0.2% | — |
| Shares Outstanding | — | $508M | $504M | $498M | $490M | $56M | $488M | $0 |
Regulatory and tax volatility
According to recent market data, SGHC trades at a forward P/E of 18.37, which suggests investors are pricing the company as a stable yield play rather than a high-growth entity, especially when compared to the volatile, loss-making profiles of North American peers like DraftKings.
The current P/FCF multiple of 21.47 indicates that the market is discounting the company's ability to sustain its recent cash flow expansion, likely due to concerns over regulatory headwinds in core markets. This valuation appears to imply a cautious growth outlook, potentially overlooking the margin-accretive benefits of the company's strategic exit from the high-burn US sports betting theater.
Based on reported figures, SGHC has demonstrated a robust ROIC of 21.6% in 2026Q1, signaling that the company is effectively compounding capital by leveraging its proprietary technology stack to drive higher-margin iGaming revenue without the need for significant, capital-intensive physical infrastructure investments.
The upward trend in ROIC from historical lows suggests that management's focus on high-yield segments is yielding tangible efficiency gains. Investors should monitor whether this return profile can be sustained as the company navigates increasing regulatory compliance costs in its primary European and African operating jurisdictions.
As reported in financial statements, SGHC's asset turnover ratio of 0.49 reflects the inherent nature of a digital-first gaming platform, where revenue generation is driven by user engagement rather than the deployment of heavy physical assets or complex inventory management systems.
The fluctuation in DSO and DPO metrics suggests that the company's cash conversion cycle is sensitive to the timing of gaming duty payments and regional payment processing integrations. While the current turnover is stable, the lack of consistent inventory data highlights the company's reliance on digital throughput, which warrants further investigation into the scalability of its current platform architecture.
According to recent balance sheet disclosures, SGHC maintains a minimal debt-to-equity ratio of 0.14, which provides a significant strategic advantage over more levered industry peers and offers substantial insulation against the sector-wide risks of rising interest rates and potential cyclical downturns in consumer discretionary spending.
The company's ability to maintain an interest coverage ratio of 30.50 suggests that debt service is currently a non-issue, allowing management to prioritize capital allocation toward shareholder returns or accretive M&A. This conservative leverage profile appears to be a deliberate strategy to navigate the inherent volatility of the global online gambling regulatory environment.
The P/E ratio is frequently misapplied to SGHC, as it fails to account for the significant non-cash charges and tax-related volatility inherent in the company's multi-jurisdictional gaming operations, which can artificially depress reported earnings and obscure the underlying cash-generating capacity of the business.
Analysts should instead focus on FCF yield or EV/EBITDA, as these metrics better capture the company's ability to convert wagering volume into actual liquidity after accounting for gaming duties and marketing spend. Relying solely on P/E risks misinterpreting the company's true earning power, particularly during periods of aggressive expansion or regulatory transition.
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Quick answers to the most common questions about buying SGHC stock.
Super Group (SGHC) Limited's current P/E ratio is 34.5x. The historical average is 25.0x. This places it at the 80th percentile of its historical range.
Super Group (SGHC) Limited's current EV/EBITDA is 16.7x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 11.2x.
Super Group (SGHC) Limited's return on equity (ROE) is 31.5%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 32.5%.
Based on historical data, Super Group (SGHC) Limited is trading at a P/E of 34.5x. This is at the 80th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Super Group (SGHC) Limited's current dividend yield is 2.07% with a payout ratio of 71.9%.
Super Group (SGHC) Limited has 27.2% gross margin and 19.0% operating margin. Operating margin between 10-20% is typical for established companies.
Super Group (SGHC) Limited's Debt/EBITDA ratio is 0.2x, indicating low leverage. A ratio below 2x is generally considered financially healthy.