Latest Ratios: P/E Ratio -59.7x · EV/EBITDA 6.8x · ROE -4.1%. (1997–2026 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $125.0B | $123.7B | $154.2B | $105.9B | $112.5B | $128.5B | $132.5B | $74.7B | $54.7B | $62.5B | $43.5B |
| Enterprise Value | $121.7B | $-417845775200 | $1.37T | $2.29T | $2.70T | $1.65T | $996.2B | $612.8B | $-55923206500 | $-178774493000 | $282.9B |
| P/E Ratio → | -59.70 | — | 0.14 | 0.11 | 0.11 | 0.15 | 0.13 | 0.13 | 0.06 | 0.13 | 0.59 |
| P/S Ratio | 1.53 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| P/B Ratio | 2.40 | 0.01 | 0.02 | 0.01 | 0.02 | 0.02 | 0.02 | 0.01 | 0.01 | 0.02 | 0.01 |
| P/FCF | 12.86 | 0.08 | 0.09 | 0.14 | — | 0.16 | 0.20 | 7.86 | 0.06 | 0.06 | 0.09 |
| P/OCF | 9.83 | 0.06 | 0.07 | 0.08 | 0.36 | 0.10 | 0.12 | 5.51 | 0.04 | 0.05 | 0.05 |
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 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | -0.03 | 0.11 | 0.18 | 0.25 | 0.17 | 0.11 | 0.07 | -0.01 | -0.02 | 0.04 |
| EV / EBITDA | 6.83 | -0.14 | 0.77 | 1.45 | 1.17 | 0.81 | 0.61 | 0.49 | -0.03 | -0.12 | 0.31 |
| EV / EBIT | 12.05 | -0.25 | 0.96 | 1.93 | 2.07 | 1.46 | 0.98 | 0.72 | -0.05 | -0.25 | 1.06 |
| EV / FCF | — | -0.26 | 0.82 | 3.05 | — | 2.08 | 1.50 | 64.43 | -0.06 | -0.18 | 0.59 |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 30.8% | 30.8% | 28.4% | 25.7% | 29.5% | 27.2% | 27.0% | 28.3% | 27.7% | 27.1% | 25.5% |
| Operating Margin | 12.4% | 12.4% | 10.9% | 9.3% | 11.9% | 12.1% | 10.6% | 10.2% | 10.3% | 8.6% | 3.8% |
| Net Profit Margin | -2.6% | -2.6% | 8.8% | 7.5% | 9.2% | 8.9% | 11.4% | 7.0% | 10.6% | 5.7% | 1.0% |
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -4.1% | -4.1% | 14.0% | 13.5% | 16.3% | 14.2% | 16.2% | 11.2% | 22.6% | 14.4% | 2.3% |
| ROA | -1.4% | -1.4% | 3.3% | 3.0% | 3.3% | 3.1% | 3.9% | 2.5% | 4.6% | 2.7% | 0.4% |
| ROIC | 13.9% | 13.9% | 10.7% | 9.5% | 11.9% | 12.2% | 10.1% | 11.7% | 17.3% | 16.2% | 6.7% |
| ROCE | 9.3% | 9.3% | 5.8% | 5.3% | 6.1% | 5.9% | 4.9% | 5.0% | 6.3% | 5.7% | 2.4% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.20 | 0.20 | 0.49 | 0.53 | 0.61 | 0.63 | 0.39 | 0.34 | 0.31 | 0.37 | 0.38 |
| Debt / EBITDA | 0.58 | 0.58 | 2.34 | 2.60 | 1.76 | 1.75 | 1.61 | 1.63 | 0.84 | 0.92 | 1.31 |
| Net Debt / Equity | — | -0.06 | 0.14 | 0.28 | 0.39 | 0.27 | 0.13 | 0.09 | -0.02 | -0.07 | 0.08 |
| Net Debt / EBITDA | -0.19 | -0.19 | 0.68 | 1.39 | 1.12 | 0.75 | 0.53 | 0.43 | -0.07 | -0.17 | 0.26 |
| Debt / FCF | — | -0.34 | 0.73 | 2.91 | — | 1.92 | 1.30 | 56.57 | -0.12 | -0.24 | 0.50 |
| Interest Coverage | 15.28 | 15.28 | 34.93 | 28.84 | 49.28 | 77.54 | 4312.74 | 76.82 | 82.15 | 52.53 | 18.30 |
Net cash position: cash ($2.22T) exceeds total debt ($1.68T)
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.18 | 1.18 | 0.70 | 0.66 | 0.61 | 0.63 | 0.64 | 0.68 | 0.86 | 0.92 | 0.83 |
| Quick Ratio | 0.94 | 0.94 | 0.57 | 0.52 | 0.46 | 0.53 | 0.55 | 0.59 | 0.76 | 0.80 | 0.71 |
| Cash Ratio | 0.44 | 0.44 | 0.32 | 0.23 | 0.20 | 0.28 | 0.30 | 0.31 | 0.46 | 0.49 | 0.39 |
| Asset Turnover | — | 0.84 | 0.37 | 0.38 | 0.35 | 0.33 | 0.33 | 0.33 | 0.41 | 0.45 | 0.43 |
| Inventory Turnover | 7.43 | 7.43 | 7.08 | 6.37 | 5.27 | 8.26 | 10.32 | 10.58 | 9.59 | 8.99 | 8.84 |
| Days Sales Outstanding | — | 50.47 | 54.74 | 60.50 | 58.90 | 59.66 | 55.39 | 52.78 | 54.31 | 51.41 | 56.52 |
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 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 0.7% | 100.0% | 74.7% | 93.1% | 76.9% | 57.9% | 46.2% | 0.6% | 69.6% | 45.6% | 58.2% |
| Payout Ratio | — | — | 10.1% | 10.2% | 8.6% | 8.4% | 6.0% | 0.1% | 4.2% | 5.8% | 34.5% |
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | 740.1% | 916.3% | 893.4% | 686.6% | 777.1% | 779.1% | 1675.1% | 785.4% | 168.6% |
| FCF Yield | 7.8% | 1275.4% | 1085.4% | 707.3% | — | 616.7% | 499.7% | 12.7% | 1729.6% | 1587.5% | 1094.1% |
| Buyback Yield | 2.7% | 100.0% | 100.0% | 100.0% | 88.2% | 69.0% | 0.3% | 2.5% | 100.0% | 0.3% | 0.3% |
| Total Shareholder Yield | 3.4% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 46.5% | 3.1% | 100.0% | 45.9% | 58.5% |
| Shares Outstanding | — | $6.0B | $6.1B | $6.2B | $6.2B | $6.3B | $6.3B | $6.3B | $6.5B | $6.5B | $6.4B |
Conglomerate operational complexity
Based on current market data, Sony's EV/EBITDA multiple of 6.33x appears to reflect a significant conglomerate discount, as investors struggle to reconcile the disparate valuation profiles of its high-margin entertainment IP and capital-intensive semiconductor manufacturing divisions compared to pure-play technology peers like Microsoft.
The compressed valuation multiples suggest that the market is currently pricing Sony as a legacy hardware manufacturer rather than an integrated entertainment and technology ecosystem. This valuation gap warrants further investigation into whether the planned spin-off of the financial services unit will act as a catalyst for multiple expansion by simplifying the corporate structure.
As reported in recent financial statements, Sony's ROIC has fluctuated between 1.5% and 4.5% over the last ten quarters, indicating that the company is struggling to consistently compound returns on its invested capital amidst the heavy R&D requirements of its semiconductor and gaming segments.
The erratic trend in ROIC suggests that the company's capital allocation strategy is currently hampered by the high fixed-cost nature of its business units. Investors should monitor whether the company can improve its return profile as it shifts toward higher-margin digital services and away from lower-margin consumer electronics.
According to quarterly filings, Sony's cash conversion cycle has oscillated significantly, ranging from 16 to 47 days, which reflects the inherent difficulty in managing inventory and receivables across such a diverse portfolio of hardware products and digital entertainment services.
The volatility in the cash conversion cycle suggests that working capital management is highly sensitive to seasonal hardware release cycles and the timing of large-scale content licensing deals. This lack of stability in operational efficiency may indicate that the company's supply chain and distribution channels are not yet fully optimized for its current business mix.
Based on the provided balance sheet data, Sony has successfully reduced its debt-to-EBITDA ratio from a peak of 12.76x in 2024Q4 to 2.60x by 2026Q4, signaling a deliberate and effective shift toward a more conservative capital structure despite ongoing operational volatility.
The significant improvement in interest coverage ratios suggests that the company is becoming better positioned to navigate potential macroeconomic headwinds or further capital-intensive acquisitions. This deleveraging trend appears to be a positive development for long-term solvency, provided that the company maintains this disciplined approach to debt management.
As reported in financial statements, the TTM net margin of -2.62% is a frequently misapplied metric for Sony, as it is heavily distorted by non-recurring impairments and the consolidation of the financial services unit, which obscures the underlying profitability of the core entertainment and technology businesses.
Analysts should prioritize operating margins and segment-level performance over net margins to gain a clearer picture of the company's true earning power. Relying on headline net income figures may lead to an overly pessimistic assessment of the company's ability to generate sustainable cash flow from its primary operations.
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying SONY stock.
Sony Group Corporation's current P/E ratio is -59.7x. The historical average is 0.6x.
Sony Group Corporation's current EV/EBITDA is 6.8x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 1.2x.
Sony Group Corporation's return on equity (ROE) is -4.1%. The historical average is 5.4%.
Based on historical data, Sony Group Corporation is trading at a P/E of -59.7x. Compare with industry peers and growth rates for a complete picture.
Sony Group Corporation's current dividend yield is 0.70%.
Sony Group Corporation has 30.8% gross margin and 12.4% operating margin. Operating margin between 10-20% is typical for established companies.
Sony Group Corporation's Debt/EBITDA ratio is 0.6x, indicating low leverage. A ratio below 2x is generally considered financially healthy.