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PENN EntertainmentBSP:P2EN34 65 Debt-to-EBITDA is 10.70 as of Jun. 2026, which is 1% below its 10-year median of 10.79. GuruFocus rates BSP:P2EN34 with a GF Score™ of 65/100 and a GF Value™ of R$12.18 (Modestly Undervalued). The stock has 10 warning signs investors should review. Among 652 Travel & Leisure companies, PENN Entertainment ranks worse than 153374.08% on this metric.
Debt-to-EBITDA measures a company's ability to pay off its debt.
A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
The historical rank and industry rank for PENN Entertainment's Debt-to-EBITDA or its related term are showing as below:
BSP:P2EN34'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: -91.67 Med: 10.79 Max: 352.26
Current: -91.67
During the past 13 years, the highest Debt-to-EBITDA Ratio of PENN Entertainment was 352.26. The lowest was -91.67. And the median was 10.79.
BSP:P2EN34's Debt-to-EBITDA is ranked worse than 100% of 652
companies
in the Travel & Leisure industry
Industry Median: 2.525
vs BSP:P2EN34: -91.67
A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.
According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
PENN Entertainment Debt-to-EBITDA Related Terms
PENN Entertainment Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for PENN Entertainment's Debt-to-EBITDA can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
BSP:P2EN34 vs VAC, MCRI, RRR: Debt-to-EBITDA Comparison
For the Resorts & Casinos subindustry, PENN Entertainment's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
PENN Entertainment Debt-to-EBITDA vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, PENN Entertainment's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where PENN Entertainment's Debt-to-EBITDA falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data,
the EBITDA data used here is four times the quarterly (Jun. 2026) EBITDA data.
PENN Entertainment (BSP:P2EN34) has a Debt-to-EBITDA of 10.70 as of Jun. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on PENN Entertainment. This is near median its historical median of 10.79. According to the industry distribution chart, PENN Entertainment ranks #999999 out of 652 companies in the Travel & Leisure industry.
Is PENN Entertainment's Debt-to-EBITDA too high?
PENN Entertainment's current Debt-to-EBITDA of 10.70 is near median its 10-year median of 10.79. The Travel & Leisure industry median Debt-to-EBITDA is 2.53. PENN Entertainment's value of 10.70 is 323.8% above this industry median. Based on the distribution chart, PENN Entertainment ranks #999999 out of 652 companies in the Travel & Leisure industry, which is in the bottom quartile relative to peers. Overall, PENN Entertainment has a GF Score™ of 65/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PENN Entertainment's Debt-to-EBITDA compare to VAC and MCRI?
According to the Travel & Leisure industry distribution chart, PENN Entertainment ranks #999999 out of 652 companies for Debt-to-EBITDA. This places PENN Entertainment in the lower half of its industry. The industry median Debt-to-EBITDA is 2.53. PENN Entertainment's value of 10.70 is 323.8% above this benchmark. While the company's 10-year median is 10.79 vs. the industry median of 2.53, PENN Entertainment has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-EBITDA for a Travel & Leisure company?
The median Debt-to-EBITDA among Travel & Leisure companies is 2.53, based on 652 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. PENN Entertainment's current Debt-to-EBITDA of 10.70 is 323.8% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-EBITDA mean?
A high Debt-to-EBITDA can signal that a stock is expensive relative to its fundamentals. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on PENN Entertainment. For the Travel & Leisure industry, the median Debt-to-EBITDA is 2.53 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PENN Entertainment's current Debt-to-EBITDA is 10.70, which is near median its own 10-year median of 10.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PENN Entertainment stock overvalued right now?
Based on GuruFocus' analysis, PENN Entertainment (BSP:P2EN34) is currently considered Modestly Undervalued. The stock's GF Value™ is R$12.18, compared to a current price of R$10.37 — trading 14.9% below its estimated fair value. The current Debt-to-EBITDA is 10.70, which is near median its 10-year median of 10.79 and 323.8% above the Travel & Leisure industry median of 2.53. PENN Entertainment's overall GF Score™ is 65/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-EBITDA calculated?
Debt-to-EBITDA is calculated from a company's financial statements. For PENN Entertainment (BSP:P2EN34), the current Debt-to-EBITDA is 10.70 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is PENN Entertainment (BSP:P2EN34) Overvalued in 2026?
Based on GuruFocus' analysis, PENN Entertainment stock appears to be undervalued.
The current stock price of R$10.37 is trading 14.9% below its estimated GF Value™ of R$12.18.
GuruFocus considers PENN Entertainment to be Modestly Undervalued.
Key valuation signals for BSP:P2EN34:
Debt-to-EBITDA: 10.70 (near median its 10-year median of 10.79)
GF Value™: R$12.18 vs. price of R$10.37 (14.9% below fair value)
Industry Position: 323.8% above the Travel & Leisure median (#999999 of 652)
No single metric tells the full story. See the BSP:P2EN34 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Penn Entertainment's origins date back to its 1972 racetrack opening in Pennsylvania. Today, Penn operates 42 properties across 20 states and 12 brands, including Hollywood Casino and Ameristar. Land-based casinos represented 81% of total sales in 2025; 19% was from the interactive segment, which includes sports, i-gaming, and media revenue. The retail portfolio generates low-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/i-gaming technology and clientele, helping it form a leading digital position.
65GF Score
Get the complete analysis for BSP:P2EN34
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