# Boyd Gaming Corporation (BYD) fundamentals

Data as of 2026-09-08. NYSE, United States. Sector: Consumer Cyclical / Hotels, Restaurants & Leisure. Price $78.02, market value $5.7 billion.

## Valuation
- **P/E (trailing): 3.5×** (5-yr avg 9.9×, 3-yr avg 8.4×). Boyd Gaming Corporation trades at 3.5× trailing earnings, well below its own five-year average of 9.9×: cheap by its own standards. The Consumer Cyclical median in the September 2026 study was 19.5×. Forward P/E is 10.0×, higher than trailing, so analysts expect earnings to fall.
- **PEG: 0.04**. A PEG of 0.04 means the P/E is low relative to expected earnings growth: the market is not paying much for that growth.
- **Price / sales: 1.4×**. Each dollar of revenue is priced at 1.4×.
- **Price / book: 2.3×**. The shares trade at 2.3× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 7.2×**. Enterprise value is 7.2× operating earnings before depreciation, the multiple that ignores how the company is financed; below 8× is inexpensive for most sectors.
- **Free-cash-flow yield: 0.6%** (5-yr avg 9.3%). Free cash flow equals 0.6% of the market value, below its five-year average of 9.3%, so the shares are pricier on cash than usual.
- **Earnings yield: 28.9%**. The inverse of the P/E: 28.9% of the price is earned each year.

## Profitability
- **Operating margin: 16.4%**. 16.4% of revenue is left after running the business, a healthy level in most sectors.
- **Net margin: 45.0%**. 45.0% of each dollar of sales reaches the bottom line.
- **Return on equity: 70.7%**. A 70.7% return on equity is extremely high; check whether buybacks or debt have shrunk the equity base, which flatters the ratio.
- **Return on invested capital: 12.3%**. Return on all capital, debt included, is 12.3%.
- **Return on assets: 27.6%**. Each dollar of assets produces 27.6% of profit.

## Growth
- **Revenue growth (1 yr): 4.1%** (3-yr 4.8%/yr, 5-yr 13.4%/yr). Revenue grew 4.1% over the last year, against 13.4% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): 264.5%** (3-yr 56.6%/yr). Earnings per share rose 264.5%, faster than revenue, so margins expanded or the share count shrank.
- **Free-cash-flow growth (3 yr): -18.1%/yr**. Free cash flow has compounded at -18.1% a year over three years, lagging earnings: check whether profits are turning into cash.

## Financial health
- **Debt to equity: 0.78**. Debt is 0.78 times equity, moderate leverage.
- **Net debt / EBITDA: 1.7×**. It would take 1.7 years of operating earnings to repay net borrowings, within the comfortable range.
- **Piotroski F-score: 6/9**. 6 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 1.03%** ($0.76 per share, trailing). Boyd Gaming Corporation yields 1.03%, a modest yield more typical of a growth-oriented payer.
- **Payout ratio: 3%** (164% of free cash flow). 3% of earnings goes out as dividends, leaving room to keep raising it.
- **Consecutive years of increases: 4**. 4 straight years of increases.

## Analyst view
- **Analyst consensus: buy** (16 analysts). 16 analysts cover Boyd Gaming Corporation; the consensus is buy, with an average price target of $95.94 (+23% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): -9.0%** (YTD -8.0%, 3-mo -11.0%). The shares are down 9.0% over twelve months including dividends.
- **From 52-week high: -14.6%** (2.3% above the low). Trading 15% below its 52-week high.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 35**. An RSI of 35 is neutral.
- **Beta (1 yr): 0.58** (volatility 26%). Beta of 0.58 against the S&P 500: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=BYD · Page: https://foliofundamentals.com/stocks/byd

Not investment advice.