(PENN) Penn National Gaming - Overview

Exchange: NASDAQ • Country: United States • Currency: USD • Type: Common Stock • ISIN: US7075691094

Stock: Casinos, Sportsbook, iGaming, Hotels, Loyalty

Total Rating 20

Risk 48

Buy Signal -0.06

Resorts & Casinos » Casinos & Gaming
Age: 31.7y

Market Cap: 1,875m
Avg Trading Vol: 56.7M USD

ATR: 5.23%
Peers RS (IBD): 15.79

EPS (Earnings per Share)

EPS CAGR: -2.90%
EPS Trend: -39.8%

Last SUE: 0.07
Qual. Beats: 0

Revenue

Rev. CAGR: 2.38%
Rev. Trend: 45.1%

Last SUE: -0.19
Qual. Beats: 0

Risk 5d forecast
Volatility	54.8%
Relative Tail Risk	-7.88%

Reward TTM
Sharpe Ratio	-0.71
Alpha	-58.53

Character TTM
Beta	1.621
Beta Downside	1.796

Drawdowns 3y
Max DD	62.09%
CAGR/Max DD	-0.40

Description: PENN Penn National Gaming January 11, 2026

PEN Entertainment, Inc. (NASDAQ:PENN) operates an integrated portfolio of brick-and-mortar casinos, racetracks and online sports-betting platforms across five geographic segments (Northeast, South, West, Midwest, Interactive). Its brands include Hollywood Casino, L’Auberge, ESPN BET, theScore BET and the loyalty program PENN Play, delivering slot, table-game, food-and-beverage and hotel services while leveraging a suite of trademarks such as Ameristar and Boomtown.

Key recent metrics: FY 2023 total revenue reached approximately $5.2 billion, with adjusted EBITDA margin hovering around 38 %, reflecting strong cash-flow generation. Online betting now contributes roughly 30 % of total revenue, driven by the rapid rollout of theScore BET and ESPN BET in newly legalized states. A primary economic driver is discretionary consumer spending, which is closely tied to employment trends and consumer confidence; a 1 % rise in U.S. consumer confidence historically correlates with a 0.4 % lift in PENN’s same-store gaming revenue.

For a deeper quantitative dive, you may find ValueRay’s analyst toolkit useful.

Piotroski VR‑10 (Strict, 0-10) 4.5

Net Income: -903.5m TTM > 0 and > 6% of Revenue
FCF/TA: -0.01 > 0.02 and ΔFCF/TA 0.13 > 1.0
NWC/Revenue: -5.20% < 20% (prev -1.27%; Δ -3.93% < -1%)
CFO/TA 0.04 > 3% & CFO 503.1m > Net Income -903.5m
Net Debt/EBITDA: error (EBITDA <= 0)
Current Ratio: 0.75 > 1.5 & < 3
Outstanding Shares: last quarter (143.5m) vs 12m ago -5.72% < -2%
Gross Margin: 32.00% > 18% (prev 0.31%; Δ 3169 % > 0.5%)
Asset Turnover: 45.76% > 50% (prev 40.64%; Δ 5.12% > 0%)
Interest Coverage Ratio: -1.06 > 6 (EBITDA TTM -4.00m / Interest Expense TTM 417.5m)

Altman Z'' -0.82

A: -0.02 (Total Current Assets 1.09b - Total Current Liabilities 1.44b) / Total Assets 14.31b
B: -0.10 (Retained Earnings -1.42b / Total Assets 14.31b)
C: -0.03 (EBIT TTM -443.8m / Avg Total Assets 14.91b)
D: -0.13 (Book Value of Equity -1.62b / Total Liabilities 12.36b)
Altman-Z'' Score: -0.82 = CCC

Beneish M -3.28

DSRI: 0.89 (Receivables 231.0m/239.7m, Revenue 6.82b/6.30b)
GMI: 0.96 (GM 32.00% / 30.68%)
AQI: 0.85 (AQ_t 0.25 / AQ_t-1 0.30)
SGI: 1.08 (Revenue 6.82b / 6.30b)
TATA: -0.10 (NI -903.5m - CFO 503.1m) / TA 14.31b)
Beneish M-Score: -3.28 (Cap -4..+1) = AA

What is the price of PENN shares?

As of February 07, 2026, the stock is trading at USD 13.41 with a total of 6,754,461 shares traded.
Over the past week, the price has changed by +4.44%, over one month by -9.45%, over three months by -8.46% and over the past year by -36.02%.

Is PENN a buy, sell or hold?

Penn National Gaming has received a consensus analysts rating of 3.75. Therefor, it is recommend to hold PENN.

StrongBuy: 6
Buy: 3
Hold: 11
Sell: 0
StrongSell: 0

What are the forecasts/targets for the PENN price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	19.1	42.1%
Analysts Target Price	19.1	42.1%
ValueRay Target Price	10.4	-22.1%

PENN Fundamental Data Overview February 01, 2026

P/E Forward = 8.7951
P/S = 0.2747
P/B = 0.8735
P/EG = 0.782
Revenue TTM = 6.82b USD
EBIT TTM = -443.8m USD
EBITDA TTM = -4.00m USD
Long Term Debt = 2.80b USD (from longTermDebt, last quarter)
Short Term Debt = 505.1m USD (from shortTermDebt, last quarter)
Debt = 11.17b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 10.48b USD (from netDebt column, last quarter)
Enterprise Value = 12.36b USD (1.87b + Debt 11.17b - CCE 690.9m)
Interest Coverage Ratio = -1.06 (Ebit TTM -443.8m / Interest Expense TTM 417.5m)
EV/FCF = -60.42x (Enterprise Value 12.36b / FCF TTM -204.5m)
FCF Yield = -1.65% (FCF TTM -204.5m / Enterprise Value 12.36b)
FCF Margin = -3.00% (FCF TTM -204.5m / Revenue TTM 6.82b)
Net Margin = -13.24% (Net Income TTM -903.5m / Revenue TTM 6.82b)
Gross Margin = 32.00% ((Revenue TTM 6.82b - Cost of Revenue TTM 4.64b) / Revenue TTM)
Gross Margin QoQ = 33.81% (prev 28.49%)
Tobins Q-Ratio = 0.86 (Enterprise Value 12.36b / Total Assets 14.31b)
Interest Expense / Debt = 0.87% (Interest Expense 97.2m / Debt 11.17b)
Taxrate = 21.0% (US default 21%)
NOPAT = -350.6m (EBIT -443.8m * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 0.75 (Total Current Assets 1.09b / Total Current Liabilities 1.44b)
Debt / Equity = 5.70 (Debt 11.17b / totalStockholderEquity, last quarter 1.96b)
Debt / EBITDA = -2620 (out of range, set to none) (Net Debt 10.48b / EBITDA -4.00m)
Debt / FCF = -51.26 (negative FCF - burning cash) (Net Debt 10.48b / FCF TTM -204.5m)
Total Stockholder Equity = 2.70b (last 4 quarters mean from totalStockholderEquity)
RoA = -6.06% (Net Income -903.5m / Total Assets 14.31b)
RoE = -33.51% (Net Income TTM -903.5m / Total Stockholder Equity 2.70b)
RoCE = -8.08% (EBIT -443.8m / Capital Employed (Equity 2.70b + L.T.Debt 2.80b))
RoIC = -6.43% (negative operating profit) (NOPAT -350.6m / Invested Capital 5.45b)
WACC = 2.30% (E(1.87b)/V(13.05b) * Re(11.89%) + D(11.17b)/V(13.05b) * Rd(0.87%) * (1-Tc(0.21)))
Discount Rate = 11.89% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -81.65 | Cagr: -7.33%
Fair Price DCF = unknown (Cash Flow -204.5m)
EPS Correlation: -39.83 | EPS CAGR: -2.90% | SUE: 0.07 | # QB: 0
Revenue Correlation: 45.14 | Revenue CAGR: 2.38% | SUE: -0.19 | # QB: 0
EPS next Quarter (2026-03-31): EPS=0.01 | Chg30d=-0.200 | Revisions Net=+0 | Analysts=2
EPS next Year (2026-12-31): EPS=0.73 | Chg30d=-0.085 | Revisions Net=-2 | Growth EPS=+136.5% | Growth Revenue=+2.9%

Additional Sources for PENN Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
Fund Manager Positions: Dataroma | Stockcircle