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PENN Entertainment Valuation Multiples
Discover revenue and EBITDA valuation multiples for PENN Entertainment and similar public comparables like Rush Street Interactive, Melia Hotels, Chalet Hotels, EIH and more.
PENN Entertainment Overview
About PENN Entertainment
Penn Entertainment’s origins date back to its 1972 racetrack opening in Pennsylvania. Today, Penn operates 43 properties across 20 states and 12 brands, including Hollywood Casino and Ameristar. Land-based casinos represented 85% of total sales in 2024; 15% was from the interactive segment, which includes sports, iGaming, and media revenue. The retail portfolio generates mid-30s EBITDAR margins and helps position the company to obtain licenses for the digital wagering markets. Additionally, Penn’s media asset, theScore, provides access to sports betting/iGaming technology and clientele, helping it form a leading digital position.
Founded
1982
HQ
Employees
23.1K
Website
Financials (LTM)
EV
$13B
PENN Entertainment Financials
PENN Entertainment reported last 12-month revenue of $7B and EBITDA of $823M.
In the same LTM period, PENN Entertainment generated $823M in EBITDA and had net loss of ($628M).
Revenue (LTM)
PENN Entertainment P&L
In the most recent fiscal year, PENN Entertainment reported revenue of $7B and EBITDA of $830M.
PENN Entertainment expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $7B | XXX | $7B | XXX | XXX | XXX |
| Gross Profit | — | XXX | $2B | XXX | XXX | XXX |
| Gross Margin | — | XXX | 34% | XXX | XXX | XXX |
| EBITDA | $823M | XXX | $830M | XXX | XXX | XXX |
| EBITDA Margin | 12% | XXX | 12% | XXX | XXX | XXX |
| EBIT Margin | (6%) | XXX | 4% | XXX | XXX | XXX |
| Net Profit | ($628M) | XXX | ($843M) | XXX | XXX | XXX |
| Net Margin | (9%) | XXX | (12%) | XXX | XXX | XXX |
| Net Debt | — | — | $2B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
PENN Entertainment Stock Performance
PENN Entertainment has current market cap of $2B, and enterprise value of $13B.
Market Cap Evolution
PENN Entertainment's stock price is $15.28.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $13B | $2B | 0.0% | XXX | XXX | XXX | $-6.33 |
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Start Free TrialPENN Entertainment Valuation Multiples
PENN Entertainment trades at 1.8x EV/Revenue multiple, and 15.3x EV/EBITDA.
EV / Revenue (LTM)
PENN Entertainment Financial Valuation Multiples
As of March 21, 2026, PENN Entertainment has market cap of $2B and EV of $13B.
Equity research analysts estimate PENN Entertainment's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
PENN Entertainment has a P/E ratio of (3.2x).
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $2B | XXX | $2B | XXX | XXX | XXX |
| EV (current) | $13B | XXX | $13B | XXX | XXX | XXX |
| EV/Revenue | 1.8x | XXX | 1.8x | XXX | XXX | XXX |
| EV/EBITDA | 15.3x | XXX | 15.1x | XXX | XXX | XXX |
| EV/EBIT | (31.3x) | XXX | 46.2x | XXX | XXX | XXX |
| EV/Gross Profit | — | XXX | 5.3x | XXX | XXX | XXX |
| P/E | (3.2x) | XXX | (2.4x) | XXX | XXX | XXX |
| EV/FCF | 71.6x | XXX | 98.6x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified PENN Entertainment Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
PENN Entertainment Margins & Growth Rates
PENN Entertainment's revenue in the last 12 month grew by 4%.
PENN Entertainment's revenue per employee in the last FY averaged $0.3M.
PENN Entertainment's rule of 40 is 16% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
PENN Entertainment's rule of X is 22% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
PENN Entertainment Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 4% | XXX | 4% | XXX | XXX | XXX |
| EBITDA Margin | 12% | XXX | 12% | XXX | XXX | XXX |
| EBITDA Growth | (1%) | XXX | (4%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 16% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 22% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.3M | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 24% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 30% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
PENN Entertainment Public Comps
See public comps and valuation multiples for other Casinos & Gambling and Accommodation comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Rush Street Interactive | XXX | XXX | XXX | XXX | XXX | XXX |
| Melia Hotels | XXX | XXX | XXX | XXX | XXX | XXX |
| Chalet Hotels | XXX | XXX | XXX | XXX | XXX | XXX |
| EIH | XXX | XXX | XXX | XXX | XXX | XXX |
| Scandic Hotels | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
PENN Entertainment M&A Activity
PENN Entertainment acquired XXX companies to date.
Last acquisition by PENN Entertainment was on XXXXXXXX, XXXXX. PENN Entertainment acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by PENN Entertainment
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialPENN Entertainment Investment Activity
PENN Entertainment invested in XXX companies to date.
PENN Entertainment made its latest investment on XXXXXXXX, XXXXX. PENN Entertainment invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by PENN Entertainment
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout PENN Entertainment
| When was PENN Entertainment founded? | PENN Entertainment was founded in 1982. |
| Where is PENN Entertainment headquartered? | PENN Entertainment is headquartered in United States. |
| How many employees does PENN Entertainment have? | As of today, PENN Entertainment has over 23K employees. |
| Who is the CEO of PENN Entertainment? | PENN Entertainment's CEO is Jay A. Snowden. |
| Is PENN Entertainment publicly listed? | Yes, PENN Entertainment is a public company listed on Nasdaq. |
| What is the stock symbol of PENN Entertainment? | PENN Entertainment trades under PENN ticker. |
| When did PENN Entertainment go public? | PENN Entertainment went public in 1994. |
| Who are competitors of PENN Entertainment? | PENN Entertainment main competitors are Rush Street Interactive, Melia Hotels, Chalet Hotels, EIH. |
| What is the current market cap of PENN Entertainment? | PENN Entertainment's current market cap is $2B. |
| What is the current revenue of PENN Entertainment? | PENN Entertainment's last 12 months revenue is $7B. |
| What is the current revenue growth of PENN Entertainment? | PENN Entertainment revenue growth (NTM/LTM) is 4%. |
| What is the current EV/Revenue multiple of PENN Entertainment? | Current revenue multiple of PENN Entertainment is 1.8x. |
| Is PENN Entertainment profitable? | Yes, PENN Entertainment is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of PENN Entertainment? | PENN Entertainment's last 12 months EBITDA is $823M. |
| What is PENN Entertainment's EBITDA margin? | PENN Entertainment's last 12 months EBITDA margin is 12%. |
| What is the current EV/EBITDA multiple of PENN Entertainment? | Current EBITDA multiple of PENN Entertainment is 15.3x. |
| What is the current FCF of PENN Entertainment? | PENN Entertainment's last 12 months FCF is $175M. |
| What is PENN Entertainment's FCF margin? | PENN Entertainment's last 12 months FCF margin is 3%. |
| What is the current EV/FCF multiple of PENN Entertainment? | Current FCF multiple of PENN Entertainment is 71.6x. |
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