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Think of Enterprise Value as the theoretical takeover price. It is more comprehensive than market capitalization (Market Cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Boyd Gaming's Enterprise Value is $9,097 Mil.
Boyd Gaming's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 was $2,410 Mil. Therefore, Boyd Gaming's EV-to-EBIT ratio for today is 3.77.
EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, Boyd Gaming's Enterprise Value is $9,097 Mil.
Boyd Gaming's EBITDA for the trailing twelve months (TTM) ended in Jun. 2026 was $2,761 Mil. Therefore, Boyd Gaming's EV-to-EBITDA ratio for today is 3.29.
EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, Boyd Gaming's Enterprise Value is $9,097 Mil.
Boyd Gaming's Revenue for the trailing twelve months (TTM) ended in Jun. 2026 was $4,098 Mil. Therefore, Boyd Gaming's EV-to-Revenue ratio for today is 2.22.
EV-to-FCF is calculated as Enterprise Value divided by its Free Cash Flow. As of today, Boyd Gaming's Enterprise Value is $9,097 Mil.
Boyd Gaming's Free Cash Flow for the trailing twelve months (TTM) ended in Jun. 2026 was $-50 Mil. Therefore, Boyd Gaming's EV-to-FCF ratio for today is -182.17.
*** Please note that the current Enterprise Value is calculated using the current market capitalization and the most recently available financial data. If key financial fields—Long-Term Debt & Capital Lease Obligation and Short-Term Debt & Capital Lease Obligation—are recorded as null in the latest reporting period, our data vendor will default to using data from the prior period with valid entries.
Boyd Gaming (NYSE:BYD) Enterprise Value Explanation
When an investor buy a company, the investor needs to pay not only the common shares, he/she also needs to pay the shareholders of Preferred Stocks. He also assumes the debt of the company, and receives the cash on the company's balance sheet.
If a company has more cash than debt, the investor actually pays less than the Market Cap because he immediately owns the cash once the transaction goes through.
The market value of Preferred Stock needs to be added to the market value of common stocks in the calculation of Enterprise Value.
For the companies with the same Market Cap, the smaller the Enterprise Value is, the cheaper the company is.
Enterprise Value can be negative when the company's net cash is more than its Market Cap. In this case the investor is basically getting the company for free and get paid for that.
1. EV-to-EBIT is calculated as Enterprise Value divided by its EBIT.
Boyd Gaming's current Enterprise Value is $9,097 Mil.
Boyd Gaming's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $2,410 Mil.
2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.
Boyd Gaming's current Enterprise Value is $9,097 Mil.
Boyd Gaming's EBITDA for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $2,761 Mil.
Boyd Gaming's current Enterprise Value is $9,097 Mil.
Boyd Gaming's Revenue for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $4,098 Mil.
Boyd Gaming's current Enterprise Value is $9,097 Mil.
Boyd Gaming's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $626 Mil.
Boyd Gaming's current Enterprise Value is $9,097 Mil.
Boyd Gaming's Free Cash Flow for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $-50 Mil.
* 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.
Boyd Gaming Enterprise Value Related Terms
Boyd Gaming Enterprise Value Historical Data
* Premium members only.
The historical data trend for Boyd Gaming's Enterprise Value 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.
For the Resorts & Casinos subindustry, Boyd Gaming's Enterprise Value, along with its competitors' market caps and Enterprise Value 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.
Boyd Gaming Enterprise Value vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Boyd Gaming's Enterprise Value distribution charts can be found below:
* The bar in red indicates where Boyd Gaming's Enterprise Value falls into.
Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
Boyd Gaming's Enterprise Value for the fiscal year that ended in Dec. 2025 is calculated as
* 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.
Boyd Gaming (BYD) has a Enterprise Value of $9,097 Mil as of Aug. 03, 2026. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Boyd Gaming and its competitors.
Is Boyd Gaming's Enterprise Value too high?
Boyd Gaming's current Enterprise Value is $9,097 Mil. Overall, Boyd Gaming has a GF Score™ of 87/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Boyd Gaming's Enterprise Value compare to CZR and MTN?
Boyd Gaming's Enterprise Value of $9,097 Mil can be compared against companies in the Travel & Leisure industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Enterprise Value for a Travel & Leisure company?
A good Enterprise Value depends on the Travel & Leisure industry context. However, Enterprise Value should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Enterprise Value mean?
A high Enterprise Value can signal that a stock is expensive relative to its fundamentals. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Boyd Gaming and its competitors. Boyd Gaming's current Enterprise Value is $9,097 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Boyd Gaming stock overvalued right now?
Based on GuruFocus' analysis, Boyd Gaming (BYD) is currently considered Fairly Valued. The stock's GF Value™ is $90.86, compared to a current price of $84.83 — trading 6.6% below its estimated fair value. The current Enterprise Value is $9,097 Mil. Boyd Gaming's overall GF Score™ is 87/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Enterprise Value calculated?
Enterprise Value is calculated from a company's financial statements. For Boyd Gaming (BYD), the current Enterprise Value is $9,097 Mil as of Aug. 03, 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 Boyd Gaming (BYD) Overvalued in 2026?
Based on GuruFocus' analysis, Boyd Gaming stock appears to be undervalued.
The current stock price of $84.83 is trading 6.6% below its estimated GF Value™ of $90.86.
GuruFocus considers Boyd Gaming to be Fairly Valued.
Key valuation signals for BYD:
Enterprise Value: $9,097 Mil
GF Value™: $90.86 vs. price of $84.83 (6.6% below fair value)
No single metric tells the full story. See the BYD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Boyd Gaming Corp is a multi-jurisdictional gaming company. The company operates wholly-owned gaming entertainment properties (casino space, slot machines, table games, and hotel rooms) in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Ohio, and Pennsylvania. Geographical regions separate its business segments: Las Vegas Locals, Downtown Las Vegas, Midwest and South, and Online. The Midwest and South hold the key number of entertainment properties and generate the majority of the company's revenue.
87GF Score
Get the complete analysis for BYD
Enterprise Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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