# Boyd Gaming Corporation (BYD) fundamentals

Data as of 2026-11-04. NYSE, United States. Sector: Consumer Cyclical / Hospitality & Leisure. Price $76.76, market value $5.4 billion.

## Valuation
- **P/E (trailing): 11.3×** (5-yr avg 9.9×, 3-yr avg 8.4×). Boyd Gaming Corporation trades at 11.3× trailing earnings, close to its own five-year average of 9.9×. The Consumer Cyclical median in the September 2026 study was 19.5×. Forward P/E is 10.0×, lower than trailing, so analysts expect earnings to grow.
- **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: 1.3×**. Each dollar of revenue is priced at 1.3×.
- **Price / book: 2.2×**. The shares trade at 2.2× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 6.5×**. Enterprise value is 6.5× operating earnings before depreciation, the multiple that ignores how the company is financed; below 8× is inexpensive for most sectors.
- **Free-cash-flow yield: -0.3%** (5-yr avg 9.3%). Free cash flow is negative: the business is consuming cash, which is normal for heavy investment phases but a warning otherwise.
- **Earnings yield: 8.9%**. The inverse of the P/E: 8.9% of the price is earned each year.

## Profitability
- **Operating margin: 17.8%**. 17.8% 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: 13.3%**. Return on all capital, debt included, is 13.3%.
- **Return on assets: 7.6%**. Each dollar of assets produces 7.6% 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: 1.5×**. It would take 1.5 years of operating earnings to repay net borrowings, within the comfortable range.
- **Current ratio: 0.54** (quick 0.54). Current liabilities exceed current assets, so the company depends on ongoing cash generation or refinancing to pay the next year's bills.
- **Piotroski F-score: 6/9**. 6 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 1.04%** ($0.78 per share, trailing). Boyd Gaming Corporation yields 1.04%, a modest yield more typical of a growth-oriented payer.
- **Payout ratio: 3%**. 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 $87.44 (+14% 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): -0.4%** (YTD -9.2%, 3-mo -9.2%). The shares are down 0.4% over twelve months including dividends.
- **From 52-week high: -16.0%** (18.1% above the low). Trading 16% 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): 66**. An RSI of 66 is neutral.
- **Beta (1 yr): 0.52** (volatility 27%). Beta of 0.52 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.