Latest Ratios: P/E Ratio -2.1x · EV/EBITDA N/A · ROE -26.8%. (2022–2025 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 |
|---|---|---|---|---|---|
| Market Cap | $100M | $306M | $341M | — | — |
| Enterprise Value | $166M | $372M | $330M | — | — |
| P/E Ratio → | -2.12 | — | — | — | — |
| P/S Ratio | 5.57 | 17.10 | 19.14 | — | — |
| P/B Ratio | 0.43 | 1.54 | 2.61 | — | — |
| P/FCF | — | — | — | — | — |
| P/OCF | 13.02 | 40.02 | 90.86 | — | — |
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 |
|---|---|---|---|---|---|
| EV / Revenue | — | 20.80 | 18.53 | — | — |
| EV / EBITDA | — | — | — | — | — |
| EV / EBIT | — | — | — | — | — |
| EV / FCF | — | — | — | — | — |
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 |
|---|---|---|---|---|---|
| Gross Margin | 30.4% | 30.4% | 40.0% | 38.3% | 38.1% |
| Operating Margin | -296.3% | -296.3% | -153.5% | -88.4% | -55.0% |
| Net Profit Margin | -246.4% | -246.4% | -170.1% | -83.5% | -80.0% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| ROE | -26.8% | -26.8% | -31.5% | -20.9% | -17.9% |
| ROA | -16.1% | -16.1% | -23.2% | -15.5% | -13.1% |
| ROIC | -20.7% | -20.7% | -23.2% | -19.9% | — |
| ROCE | -22.7% | -22.7% | -23.6% | -17.4% | -9.6% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Debt / Equity | 0.54 | 0.54 | 0.21 | 0.25 | 0.29 |
| Debt / EBITDA | — | — | — | — | — |
| Net Debt / Equity | — | 0.33 | -0.08 | -0.08 | -0.31 |
| Net Debt / EBITDA | — | — | — | — | — |
| Debt / FCF | — | — | — | — | — |
| Interest Coverage | -10.08 | -10.08 | -8.18 | -33.33 | -19.19 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Current Ratio | 0.77 | 0.77 | 1.59 | 4.19 | 6.83 |
| Quick Ratio | 0.76 | 0.76 | 1.58 | 4.15 | 6.81 |
| Cash Ratio | 0.72 | 0.72 | 1.55 | 4.11 | 6.72 |
| Asset Turnover | — | 0.05 | 0.10 | 0.15 | 0.16 |
| Inventory Turnover | 26.24 | 26.24 | 47.54 | 41.84 | 61.46 |
| Days Sales Outstanding | — | — | — | — | — |
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 |
|---|---|---|---|---|---|
| Dividend Yield | — | — | 0.3% | — | — |
| Payout Ratio | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — |
| FCF Yield | — | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.4% | — | — |
| Total Shareholder Yield | 0.0% | 0.0% | 0.7% | — | — |
| Shares Outstanding | — | $36M | $37M | $38M | $38M |
Unsustainable capital expenditure burn
Based on reported figures, VENU trades at a price-to-sales multiple of 6.93, which appears disconnected from its negative earnings profile and suggests that investors are pricing in significant future growth that has yet to materialize in the company's stagnant top-line performance or operational cash flow metrics.
The absence of a positive P/E or EV/EBITDA multiple makes traditional valuation benchmarking difficult, signaling that the market is currently valuing the company as a venture-stage entity rather than a mature operator. This high P/S ratio warrants caution, as it implies a premium expectation for scalability that remains unproven given the company's current inability to generate consistent operating margins.
As reported in financial statements, VENU's ROIC has remained consistently negative, reaching -2.9% in 2026Q1, which indicates that the company is currently destroying shareholder value by deploying capital into projects that fail to generate returns exceeding the cost of the underlying investment or debt financing.
The persistent negative trend in ROIC suggests that the company's aggressive expansion into new amphitheater and hospitality assets is not yet achieving the necessary utilization rates to cover the associated fixed costs. Investors should monitor whether future venue openings can reverse this trend, as the current trajectory implies a structural inefficiency in capital allocation.
According to quarterly data, VENU's asset turnover ratio has stagnated at approximately 0.01 to 0.05, reflecting a significant disconnect between the company's rapidly expanding asset base and its ability to generate meaningful revenue from those investments compared to established industry peers in the entertainment sector.
The extremely low asset turnover suggests that the company's capital-intensive strategy is currently burdened by significant idle capacity or delayed project monetization. Furthermore, the volatility in the cash conversion cycle indicates that management is struggling to optimize the timing of payables and receivables, which exacerbates the company's liquidity pressures.
Based on recent SEC filings, VENU's current ratio has deteriorated significantly from 5.24 in 2024Q1 to 0.90 in 2026Q1, signaling that the company's ability to meet short-term obligations is becoming increasingly constrained as cash reserves are aggressively deployed into long-term, non-liquid property and equipment developments.
This decline in liquidity suggests that the company is approaching a critical juncture where its cash runway may be insufficient to support ongoing operations and construction commitments. The reliance on external financing to bridge this gap appears to be increasing, which may limit future financial flexibility if market conditions tighten.
The most commonly misapplied metric for VENU is the traditional P/E ratio, which fails to account for the company's heavy pre-opening expenses and non-cash charges that artificially depress net income and obscure the underlying four-wall profitability of its mature entertainment and hospitality venue locations.
Analysts should instead focus on Four-Wall EBITDA or unit-level cash flow to better assess the viability of the company's integrated business model. Relying on GAAP net income in this context is misleading, as it captures the costs of an aggressive expansion phase that does not reflect the long-term earning potential of established sites.
Includes 30+ ratios · 4 years · Updated daily
DCF models, multiple analysis, and analyst estimates.
10-year return with dividends reinvested.
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Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying VENU stock.
Venu Holding Corporation's current P/E ratio is -2.1x. This places it at the 50th percentile of its historical range.
Venu Holding Corporation's return on equity (ROE) is -26.8%. The historical average is -24.2%.
Based on historical data, Venu Holding Corporation is trading at a P/E of -2.1x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Venu Holding Corporation has 30.4% gross margin and -296.3% operating margin.