PENN Entertainment (PENN) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

PENN Entertainment

NasdaqGS•Consumer Cyclical•Resorts & Casinos

$17.69-0.05(<0.01%)Pre-market

Market Cap

$2.33B

P/S

0.3x

P/B

1.3x

PENN Entertainment, Inc., together with its subsidiaries, provides integrated entertainment, sports content, and casino gaming experiences in the United States and internationally. The company operates through five segments: Northeast, South, West, Midwest, and Interactive. It operates a portfolio of casinos, racetracks, and online sports betting; online gaming portfolio, such as theScore Bet, an online sportsbook; theScore Casino, a stand-alone iCasino website and app; Hollywood Casino, an iCasino and theScore Bet website and app; PENN Game Studios, its in-house iCasino and social gaming content studio; and PENN Play, a customer loyalty program. The company also engages in gaming operations, including slot machines and table games; food and beverage offerings; and hotel visitation. It offers its products under the Ameristar, Argosy, Boomtown, Hollywood Casino, Hollywood Gaming, L'Auberge, M Resort, PENN Entertainment, and PENN Play, as well as theScore, theScore Bet, and theScore esports brands. The company was formerly known as Penn National Gaming, Inc. and changed its name to PENN Entertainment, Inc. in August 2022. PENN Entertainment, Inc. was founded in 1972 and is based in Wyomissing, Pennsylvania.

How this company scores

AverageMetricSide Score: 40/100

Strongest: Growth (15/25); weakest: Balance Sheet & Red Flags (6/25).

Profitability7/25

Growth15/25

Balance Sheet & Red Flags6/25

Cash & Earnings Quality12/25

Strengths

Consistent growthImproving marginsNo share dilution

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 4.1x5y range 4.1x – 15.5x

Currently below its 8-quarter median.

P/S · 0.3x5y range 0.3x – 0.6x

Currently below its 20-quarter median.

P/B · 1.3x5y range 0.7x – 1.4x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

Operating margins dropped 510.8% over recent quarters — a sharp decline suggesting serious cost or pricing challenges.

Earnings Quality

Red Flag

FCF consistently trails net income (avg -1.1x) — earnings may be inflated by non-cash items or aggressive accounting.

Price & Volume

Market Cap $2.33B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $7.16B
Q. Revenue: $1.86B
TTM EBITDA: $-248.80M
TTM Op. Income: $-565.10M
Q. Op. Income: $131.70M
TTM Net Income: $-906.70M
Q. Net Income: $33.10M
EPS: $0.25
Shares Out.: $133.70M

$7.16B in TTM revenue grew 6.1% YoY, reaching $1.86B last quarter. TTM EBITDA of $-248.80M and TTM operating income of $-565.10M show growth is flowing through to the bottom line. However, net income is negative at $906.70M — growth is not yet reaching the bottom line. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: 7.1%
Op. Margin: 7.1%
Net Margin: 1.8%

Op. margin of 7.1% is up 2.7% YoY — cost efficiency is improving. Net margin at 1.8% Across the last 8 quarters, operating margin has risen for 3 consecutive quarters — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: N/A
P/S Ratio: 0.3x
P/B Ratio: 1.3x

P/S of 0.3x and P/B of 1.3x. P/S is low relative to typical market levels.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $14.07B
Cash: $887.20M
Long-Term Debt: $2.74B
Book Value: $1.85B
D/E Ratio: 1.5
Debt/EBITDA: 20.8

With $14.07B in assets and $2.74B in long-term debt, D/E is 1.5and book value is $1.85B — moderate leverage. Over the past year, debt/equity is up 60% — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $240.70M
TTM Free Cash Flow: $96.10M
FCF Margin: 1.3%
FCF / Net Income: -0.1

TTM FCF of $96.10M on $240.70M in operating cash flow. The FCF / Net Income ratio of -0.1x means the business consumes cash — it is not yet self-funding. Across the last 8 quarters, free cash flow has risen for 3 consecutive quarters — an improving trend.