Latest Ratios: P/E Ratio 85.7x · EV/EBITDA 28.3x · ROE 2.2%. (2015–2025 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 | $37.7B | $40.5B | $24.4B | $6.8B | $5.7B | $4.1B | $4.0B | $5.9B | $6.6B | $2.4B | $1.4B |
| Enterprise Value | $40.9B | $43.8B | $26.9B | $9.5B | $8.3B | $6.1B | $4.3B | $6.3B | $6.7B | $2.5B | $1.4B |
| P/E Ratio → | 85.65 | 92.48 | 2597.99 | — | 14.70 | 23.61 | 22.56 | 76.32 | 66.71 | 72.81 | 41.82 |
| P/S Ratio | 7.96 | 8.56 | 8.71 | 4.03 | 5.00 | 3.75 | 4.10 | 6.09 | 7.12 | 3.00 | 1.96 |
| P/B Ratio | 4.06 | 4.38 | 2.80 | 0.76 | 9.84 | 3.26 | 10.41 | 21.26 | 20.94 | 9.49 | 5.95 |
| P/FCF | 32.52 | 34.99 | 48.04 | 16.09 | 11.65 | 29.44 | 13.67 | 112.78 | 42.87 | 33.38 | 53.40 |
| P/OCF | 29.30 | 31.54 | 41.87 | 14.42 | 11.36 | 22.97 | 12.49 | 48.38 | 35.46 | 24.84 | 25.20 |
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 | — | 9.25 | 9.60 | 5.70 | 7.28 | 5.55 | 4.37 | 6.60 | 7.17 | 3.09 | 1.94 |
| EV / EBITDA | 28.29 | 30.27 | 23.06 | 12.72 | 13.72 | 18.21 | 14.43 | 31.74 | 36.12 | 16.94 | 11.96 |
| EV / EBIT | 42.56 | 53.21 | 95.02 | 21.38 | 15.28 | 23.08 | 20.58 | 52.50 | 54.91 | 31.42 | 25.21 |
| EV / FCF | — | 37.78 | 52.97 | 22.74 | 16.96 | 43.63 | 14.56 | 122.20 | 43.17 | 34.44 | 53.05 |
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 | 49.6% | 49.6% | 53.9% | 59.4% | 66.2% | 40.7% | 39.2% | 30.0% | 31.8% | 30.2% | 37.8% |
| Operating Margin | 20.3% | 20.3% | 27.6% | 35.0% | 47.8% | 23.4% | 21.4% | 12.1% | 12.3% | 10.1% | 7.7% |
| Net Profit Margin | 4.1% | 4.1% | 0.3% | -2.1% | 34.0% | 16.2% | 13.5% | 8.0% | 10.7% | 4.1% | 4.6% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 2.2% | 2.2% | 0.1% | -0.7% | 42.2% | 21.6% | 40.0% | 26.1% | 35.0% | 13.2% | 15.1% |
| ROA | 1.4% | 1.4% | 0.1% | -0.4% | 9.8% | 6.3% | 11.3% | 9.0% | 15.1% | 5.3% | 6.7% |
| ROIC | 6.1% | 6.1% | 5.1% | 5.9% | 12.7% | 9.9% | 22.3% | 15.5% | 24.8% | 21.7% | 20.0% |
| ROCE | 7.5% | 7.5% | 6.4% | 7.5% | 14.6% | 10.4% | 28.0% | 22.9% | 27.8% | 17.1% | 15.0% |
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 | 0.44 | 0.44 | 0.35 | 0.34 | 4.81 | 2.27 | 1.87 | 2.10 | 0.68 | 0.84 | 0.85 |
| Debt / EBITDA | 2.81 | 2.81 | 2.60 | 4.03 | 4.60 | 8.54 | 2.44 | 2.90 | 1.16 | 1.46 | 1.71 |
| Net Debt / Equity | — | 0.35 | 0.29 | 0.32 | 4.50 | 1.57 | 0.67 | 1.77 | 0.15 | 0.30 | -0.04 |
| Net Debt / EBITDA | 2.23 | 2.23 | 2.15 | 3.72 | 4.30 | 5.92 | 0.87 | 2.45 | 0.25 | 0.52 | -0.08 |
| Debt / FCF | — | 2.79 | 4.94 | 6.65 | 5.32 | 14.19 | 0.88 | 9.41 | 0.30 | 1.05 | -0.35 |
| Interest Coverage | 4.06 | 4.06 | 1.14 | 1.87 | 3.89 | 7.84 | 5.81 | 4.62 | 7.88 | 5.35 | 18.62 |
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 | 1.26 | 1.26 | 1.30 | 1.04 | 1.17 | 5.06 | 1.46 | 1.17 | 1.33 | 2.83 | 2.62 |
| Quick Ratio | 1.26 | 1.26 | 1.30 | 1.04 | 1.17 | 5.06 | 1.44 | 1.15 | 1.30 | 2.77 | 2.57 |
| Cash Ratio | 0.45 | 0.45 | 0.78 | 0.50 | 0.78 | 4.67 | 1.19 | 0.73 | 1.00 | 2.15 | 2.01 |
| Asset Turnover | — | 0.31 | 0.22 | 0.13 | 0.32 | 0.25 | 0.74 | 0.95 | 1.32 | 1.30 | 1.20 |
| Inventory Turnover | — | — | — | — | — | — | 70.61 | 81.47 | 81.81 | 67.10 | 69.46 |
| Days Sales Outstanding | — | 43.04 | 28.82 | 32.04 | 14.55 | 19.78 | 19.49 | 47.42 | 30.97 | 29.73 | 26.61 |
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 | 1.7% | 1.6% | 0.3% | 4.4% | 19.2% | 0.9% | 0.9% | 0.6% | 0.6% | 1.5% | 2.6% |
| Payout Ratio | 327.9% | 327.9% | 714.9% | — | 283.0% | 20.5% | 28.3% | 48.6% | 37.4% | 112.9% | 108.0% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 1.2% | 1.1% | 0.0% | — | 6.8% | 4.2% | 4.4% | 1.3% | 1.5% | 1.4% | 2.4% |
| FCF Yield | 3.1% | 2.9% | 2.1% | 6.2% | 8.6% | 3.4% | 7.3% | 0.9% | 2.3% | 3.0% | 1.9% |
| Buyback Yield | 2.3% | 2.1% | 0.7% | 1.5% | 0.1% | 4.0% | 0.0% | 1.4% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 4.0% | 3.7% | 1.0% | 5.9% | 19.3% | 4.9% | 0.9% | 2.1% | 0.6% | 1.5% | 2.6% |
| Shares Outstanding | — | $194M | $172M | $83M | $83M | $83M | $83M | $90M | $89M | $78M | $78M |
Regulatory Athlete Labor Exposure
Based on reported figures, TKO trades at a forward P/E of 46.07, suggesting that investors are pricing in significant long-term growth potential for its unique live sports content, despite the inherent complexities of its post-merger valuation multiples compared to broader entertainment peers.
The elevated P/E and EV/EBITDA multiples indicate that the market views TKO as a defensive, must-have asset in a fragmented media landscape. This valuation appears to rely heavily on the assumption that the company can continue to extract pricing power from global broadcasters, justifying a premium over traditional media conglomerates.
As reported in financial statements, TKO's ROIC has trended upward to 2.1% in 2026Q1, reflecting a gradual improvement in the company's ability to generate returns on its massive asset base following the initial capital-intensive phase of the UFC and WWE merger.
While the absolute ROIC remains modest, the upward trend suggests that management is successfully integrating operations and reducing the drag from initial acquisition costs. Investors should monitor whether this efficiency can scale further as the company leverages its combined intellectual property across global markets.
According to recent SEC filings, TKO's DSO of 39 days in 2026Q1 highlights a disciplined approach to receivables, which, when combined with the company's ability to secure advance payments, significantly enhances its overall working capital efficiency and cash conversion cycle.
The company's ability to collect media rights and sponsorship fees upfront provides a structural advantage, effectively turning its working capital into a source of liquidity. This efficiency is critical for maintaining the high-fixed-cost production model required to sustain its global live event schedule.
Based on TKO's reported figures, the debt-to-equity ratio of 0.58 in 2026Q1 remains relatively conservative for an entertainment entity, providing the company with significant financial flexibility to pursue further IP acquisitions or return capital to shareholders without immediate refinancing pressure.
The manageable debt load, supported by an interest coverage ratio of 5.59, suggests that the company is well-positioned to navigate potential interest rate volatility. This balance sheet strength appears to be a deliberate strategy to maintain operational agility in a sector often burdened by high debt levels.
As noted in industry analysis, the P/E ratio is frequently misapplied to TKO, as it fails to account for the significant non-cash amortization of acquired intangible assets that artificially suppresses reported net income and obscures the company's true underlying cash-generating power.
Investors should prioritize FCF-based metrics over P/E, as the latter is heavily distorted by merger-related accounting adjustments. Focusing on P/FCF provides a more accurate reflection of the company's ability to convert its high-margin media rights into distributable cash, which is the primary driver of long-term shareholder value.
Includes 30+ ratios · 11 years · Updated daily
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Quick answers to the most common questions about buying TKO stock.
TKO Group Holdings, Inc.'s current P/E ratio is 85.7x. The historical average is 51.9x. This places it at the 89th percentile of its historical range.
TKO Group Holdings, Inc.'s current EV/EBITDA is 28.3x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 20.2x.
TKO Group Holdings, Inc.'s return on equity (ROE) is 2.2%. The historical average is 18.7%.
Based on historical data, TKO Group Holdings, Inc. is trading at a P/E of 85.7x. This is at the 89th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
TKO Group Holdings, Inc.'s current dividend yield is 1.71% with a payout ratio of 327.9%.
TKO Group Holdings, Inc. has 49.6% gross margin and 20.3% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
TKO Group Holdings, Inc.'s Debt/EBITDA ratio is 2.8x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.