PENN Entertainment, Inc. (PENN)
UndervaluedFundamental
40
Price
$14.53
Market Cap
$1.97B
Part 1 · What the company is worth
Overview
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.
No editorial profile for this company yet
Direct competitors
Who this company fights with for the same customers
Generated on September 19, 2026 with claude-haiku-4-5 — shared with all users
Caesars owns the largest regional casino network in the United States and, like PENN, pairs it with an online sportsbook and iCasino, so the two compete property by property and app by app.
Beyond the Kentucky Derby, Churchill Downs runs regional casinos and historical-racing venues in Kentucky, Louisiana, Pennsylvania and Virginia that pull from the same local gaming wallets as PENN's properties.
DraftKings is the rival PENN's online arm must beat in US sports betting and iCasino, and it took over the ESPN sportsbook partnership PENN gave up at the end of 2025.
Flutter's FanDuel is the largest US online sportsbook and a leading iCasino brand, and it out-handled PENN's app in every state where both operate.
Boyd runs the same kind of regional, locals-oriented casinos across the Midwest and the South, chasing the same drive-in gamblers PENN serves in states such as Illinois, Indiana, Louisiana and Mississippi.
Bally's operates mid-sized regional casinos in overlapping states and an online casino business, competing for the same middle-market gambler and the same state licences.
Balance Sheet & Liquidity
Revenue
$7.16B
Trailing 12 months (through 6/30/2026)
Net Income
$-907M
Trailing 12 months (through 6/30/2026)
Free Cash Flow
-
Total Equity
$1.83B
Total Liabilities
$12.44B
Current Ratio
0.89
Interest Coverage
1.30
Debt/EBITDA
-
Earnings Per Share
Revenue & Net Income
Free Cash Flow
Income Breakdown
Historical statement
Margins over time
Debt over time
How heavy the debt is
Growth grid
Growth — Revenue
Fair Value Estimation
Fair Value
$41.42
Current Price
$14.53
Margin of Safety
+64.9%
Fair Value Range
$26.92 - $55.91
Spread across the valuation methods used, not a statistically calibrated confidence interval.
Estimation Methods
Valuation Metrics
P/E Ratio
-
ROE
-46.0%
P/B Ratio
1.06
P/FCF
-
Gross Margin
-
ROIC
-3.5%
Profitability Radar
Value Creation (Economic Moat)
ROIC
-3.5%
WACC
5.6%
ROIC − WACC
-9.2 pp
ROIC is below the cost of capital — the company is destroying value for every dollar invested.
Fundamental Analysis Criteria
Passed (6)
- P/B Ratio 1.06
- Current Ratio
- DCF valuation (Undervalued)
- Revenue Growth 5Y 14.2%
- Analyst Consensus 70% Buy
- Share Dilution -4.8%
Failed (12)
- EPS shows upward trend
- Price CAGR 1.22%
- ROIC -3.6%
- Debt/Equity ratio
- Operating Margin -7.9%
- Interest Coverage
- Return on Tangible Assets
- Low reliance on intangibles
- ROE -48.5%
- Earnings Surprise avg -428.4%
- Net Margin Trend -12.7% vs -1.1%
- Piotroski F-Score 4/9
Unavailable (9)
- Gross Margin NaN%
- P/FCF NaN
- Dividend Payout NaN%
- Positive Free Cash Flow
- CapEx intensity
- Debt/EBITDA
- Price below Graham Number
- PEG Ratio (need PE > 0 and growth > 0)
- Earnings Quality (OCF/Net Income)
Piotroski F-Score
Mixed signals: some areas need attention
Earnings Quality
Low quality: investigate accounting
Share Dilution
Buying back shares. Shareholder friendly
Institutional Holdings
Governance
Executive Team
| Name | Title | Age |
|---|---|---|
| Mr. Jay A. Snowden | President, CEO & Director | 49 |
| Ms. Felicia Rae Kantor Hendrix | Executive VP & CFO | 56 |
| Mr. Christopher Rogers | Executive VP, Chief Strategy & Legal Officer and Secretary | 49 |
| Mr. Bryan Goslin | Senior VP & Chief Accounting Officer | - |
| Mr. Aaron LaBerge | Chief Technology Officer & Head of Interactive | - |
| Mr. D. Eric Schippers | Chairman of the Penn National Gaming Foundation, Senior VP of Public Affairs & Government Relations | - |
| Ms. Jennifer Weissman | Senior VP & Chief Marketing Officer | - |
| Ms. Wendy Hamilton | Senior VP & Chief Human Resources Officer | - |
| Mr. Rafael Verde | Senior Vice President of Regional Operations | 53 |
| Mr. Aaron Rosenthal | Senior Vice President of Regional Operations | - |
Audit Risk
3
Board Risk
1
Compensation Risk
8
Shareholder Rights Risk
8
Part 2 · The price and when to enter
This part won't tell you whether the company is worth owning: it helps you choose when to buy it, once the fundamentals have convinced you. Inside: technical analysis, potential, historical drawdowns, gamma exposure.
Documents
- View document
Annual Report (10-K)
A yearly overview of the business, its financial results, and the risks it faces.
Filed on 2026-02-26
- View document
Quarterly Report (10-Q)
A snapshot of financial performance for the most recent three-month period.
Filed on 2026-08-06
- View document
Current Report (8-K)
An announcement of a major event, such as a leadership change or big news.
Filed on 2026-08-06
via SEC EDGAR
Income History
via SEC EDGAR
Latest News
Recent headlines for PENN, sourced from Markets Gazette.
- 2/26/2026NEUTRALPENN (PENN) Q4 2025 Earnings Call Transcript
Penn Entertainment (PENN) held its fourth-quarter 2025 earnings conference call, a pivotal event for investors keen on assessing the company's financial performance. However, the detailed content of the transcript is not yet publicly available. This means the market is currently awaiting concrete information regarding revenues, earnings per share, and future guidance. Analysts and investors will closely monitor the release of the full transcript to identify any signals regarding the operational health and growth prospects of the company within the gaming and entertainment sector. Until then, the stock's position remains in a holding pattern, lacking immediate directional catalysts based on this event.
via Markets Gazette