Latest Ratios: P/E Ratio -7.2x · EV/EBITDA 6.7x · ROE -25.2%. (2015–2024 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $446M | $406M | $330M | $765M | $1.8B | $870M | $602M | $583M | $834M | — | — |
| Enterprise Value | $1.4B | $1.4B | $1.3B | $1.5B | $2.3B | $3.1B | $2.9B | $2.9B | $3.0B | — | — |
| P/E Ratio → | -7.22 | — | — | — | — | 59.28 | 16.49 | — | 4.50 | — | — |
| P/S Ratio | 0.71 | 0.64 | 0.48 | 1.08 | 2.45 | 1.19 | 0.83 | 0.51 | 0.70 | — | — |
| P/B Ratio | 2.04 | 1.94 | 1.28 | 1.33 | 3.12 | — | — | — | — | — | — |
| P/FCF | — | — | — | — | 1.03 | 20.10 | 32.04 | — | — | — | — |
| P/OCF | 2.72 | 2.48 | 2.45 | 22.62 | 10.23 | 3.14 | 2.26 | 2.17 | 4.27 | — | — |
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 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 2.23 | 1.84 | 2.12 | 3.23 | 4.31 | 3.99 | 2.48 | 2.54 | — | — |
| EV / EBITDA | 6.68 | 6.49 | — | 8.36 | 10.91 | 14.29 | 12.73 | 17.34 | 8.18 | — | — |
| EV / EBIT | 222.42 | 216.33 | — | 93.89 | 211.46 | — | 113.33 | — | 16.89 | — | — |
| EV / FCF | — | — | — | — | 1.35 | 72.72 | 154.33 | — | — | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 59.3% | 59.3% | 56.2% | 53.6% | 48.1% | 44.5% | 45.3% | 46.4% | 47.3% | 46.0% | 44.2% |
| Operating Margin | 1.0% | 1.0% | -45.9% | -0.1% | 0.7% | -1.4% | 3.0% | -1.9% | 14.4% | 19.7% | 16.8% |
| Net Profit Margin | -9.3% | -9.3% | -41.9% | -0.4% | 106.2% | 2.0% | 5.0% | -7.9% | 13.4% | 2.1% | -4.0% |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -25.2% | -25.2% | -69.1% | -0.4% | 430.0% | — | — | — | — | — | — |
| ROA | -3.9% | -3.9% | -17.8% | -0.1% | 35.1% | 0.6% | 1.5% | -3.7% | 6.1% | 1.0% | -1.8% |
| ROIC | 0.4% | 0.4% | -18.9% | -0.0% | 0.2% | -0.4% | 0.8% | -0.8% | 6.2% | 9.0% | 7.9% |
| ROCE | 0.5% | 0.5% | -21.7% | -0.0% | 0.3% | -0.5% | 1.0% | -1.0% | 7.2% | 9.9% | 8.5% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 4.98 | 4.98 | 3.71 | 1.32 | 1.33 | — | — | — | — | — | — |
| Debt / EBITDA | 4.80 | 4.80 | — | 4.25 | 3.53 | 10.39 | 10.18 | 13.89 | 6.10 | 6.37 | 6.77 |
| Net Debt / Equity | — | 4.79 | 3.62 | 1.27 | 0.99 | — | — | — | — | — | — |
| Net Debt / EBITDA | 4.62 | 4.62 | — | 4.08 | 2.64 | 10.34 | 10.08 | 13.81 | 5.92 | 6.30 | 6.61 |
| Debt / FCF | — | — | — | — | 0.33 | 52.62 | 122.28 | — | — | — | — |
| Interest Coverage | 0.07 | 0.07 | -4.40 | 0.41 | 0.12 | -0.07 | 0.18 | -0.15 | 1.18 | 1.00 | 0.83 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.61 | 0.61 | 0.65 | 0.73 | 0.88 | 0.49 | 0.52 | 0.50 | 0.86 | 0.52 | 0.63 |
| Quick Ratio | 0.61 | 0.61 | 0.65 | 0.73 | 0.88 | 0.49 | 0.52 | 0.50 | 0.86 | 0.52 | 0.63 |
| Cash Ratio | 0.21 | 0.21 | 0.14 | 0.19 | 0.60 | 0.05 | 0.09 | 0.06 | 0.36 | 0.12 | 0.25 |
| Asset Turnover | — | 0.42 | 0.45 | 0.41 | 0.38 | 0.29 | 0.29 | 0.48 | 0.49 | 0.45 | 0.45 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| 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 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | 8.4% | — |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | 1.7% | 6.1% | — | 22.2% | — | — |
| FCF Yield | — | — | — | — | 97.4% | 5.0% | 3.1% | — | — | — | — |
| Buyback Yield | 0.3% | 0.4% | 14.0% | 2.5% | 0.5% | 0.1% | 0.3% | 12.6% | 0.6% | — | — |
| Total Shareholder Yield | 0.3% | 0.4% | 14.0% | 2.5% | 0.5% | 0.1% | 0.3% | 12.6% | 0.6% | — | — |
| Shares Outstanding | — | $82M | $82M | $84M | $83M | $82M | $81M | $82M | $79M | $85M | $85M |
High leverage and liquidity
Based on reported figures, WOW trades at an EV/EBITDA multiple of 6.68x, which appears to reflect a significant discount compared to broader telecommunications peers, likely pricing in the company's elevated debt-to-equity ratio and the persistent uncertainty surrounding its long-term competitive viability in fiber-heavy markets.
The negative P/E ratio of -7.22 highlights the absence of sustainable earnings, rendering traditional earnings-based valuation metrics largely irrelevant for assessing the company's current equity value. Investors should monitor whether the current EV/EBITDA discount is a value opportunity or a rational market response to the high probability of further equity dilution or asset impairment.
As reported in financial statements, WOW's ROIC has fluctuated near zero, reaching 0.0% in 2025Q3, which suggests that the company is failing to generate meaningful returns on its invested capital base compared to the historical performance of more stable regional cable operators.
The persistent inability to achieve a positive ROIC indicates that the capital deployed into network maintenance and upgrades is not currently yielding incremental economic profit. This trend warrants further investigation into whether the company's infrastructure investments are effectively defensive or if they are merely sustaining a declining asset base.
According to recent SEC filings, WOW's asset turnover ratio has remained stagnant at 0.10, indicating that the company's revenue generation per dollar of assets is significantly lower than industry benchmarks and has shown no signs of improvement over the last ten quarters.
The low asset turnover suggests that the company is burdened by a heavy, underutilized physical plant that fails to convert its infrastructure footprint into efficient top-line growth. Investors should monitor whether management can optimize this asset base or if the current turnover levels are a structural limitation of the company's specific geographic footprint.
Based on reported figures, WOW's debt-to-equity ratio has surged to 7.34 as of 2025Q3, a dramatic increase from 2.21 in 2023Q2, which suggests that the company's financial flexibility is severely restricted by its mounting debt obligations in a high-interest rate environment.
The interest coverage ratio of 0.03 in 2025Q3 indicates that the company is barely generating enough operating income to service its debt, leaving it highly vulnerable to any further operational downturns. This leverage profile suggests that the company may face significant refinancing risks if it cannot rapidly improve its cash-generative capacity.
The most commonly misapplied metric for WOW is EBITDA, which frequently obscures the company's true cash-generative capacity by ignoring the massive, non-discretionary capital expenditures required to maintain its aging HFC network against modern fiber-to-the-home competition.
Analysts often rely on EBITDA to justify valuation, but this metric fails to account for the high depreciation and interest expenses that consistently drive the company's net margin into negative territory. A more appropriate metric would be Free Cash Flow after maintenance CapEx, which better captures the actual cash available to the business after sustaining its core infrastructure.
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Quick answers to the most common questions about buying WOW stock.
WideOpenWest, Inc.'s current P/E ratio is -7.2x. The historical average is 26.8x.
WideOpenWest, Inc.'s current EV/EBITDA is 6.7x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 11.2x.
WideOpenWest, Inc.'s return on equity (ROE) is -25.2%. The historical average is 83.8%.
Based on historical data, WideOpenWest, Inc. is trading at a P/E of -7.2x. Compare with industry peers and growth rates for a complete picture.
WideOpenWest, Inc. has 59.3% gross margin and 1.0% operating margin.
WideOpenWest, Inc.'s Debt/EBITDA ratio is 4.8x, indicating high leverage. A ratio above 4x may signal elevated financial risk.