# Sonos Inc. (SONO) fundamentals

Data as of 2026-09-08. NASDAQ, United States. Sector: Technology / Electronic Equipment, Instruments & Components. Price $15.36, market value $1.8 billion.

## Valuation
- **P/E (trailing): 34.1×** (5-yr avg 28.5×). Sonos Inc. trades at 34.1× trailing earnings, close to its own five-year average of 28.5×. The Technology median in the September 2026 study was 32.1×. Forward P/E is 11.8×, lower than trailing, so analysts expect earnings to grow.
- **Price / sales: 1.2×**. Each dollar of revenue is priced at 1.2×.
- **Price / book: 4.5×**. The shares trade at 4.5× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 14.1×**. Enterprise value is 14.1× operating earnings before depreciation, the multiple that ignores how the company is financed.
- **Free-cash-flow yield: 6.9%** (5-yr avg 3.7%). Free cash flow equals 6.9% of the market value, above its five-year average of 3.7%, so the shares are cheaper on cash than they have usually been. Above 5% is generally attractive.
- **Earnings yield: 2.9%**. The inverse of the P/E: 2.9% of the price is earned each year.

## Profitability
- **Gross margin: 46.5%**. Sonos Inc. keeps 46.5% of revenue after the direct cost of what it sells.
- **Operating margin: 4.4%**. 4.4% of revenue is left after running the business, which leaves little cushion in a downturn.
- **Net margin: -4.2%**. The company reported a net loss over the last twelve months.
- **Return on equity: -17.2%**. Return on equity is negative because earnings are negative.
- **Return on invested capital: 28.9%**. Return on all capital, debt included, is 28.9%: comfortably above what that capital costs.
- **Return on assets: 6.9%**. Each dollar of assets produces 6.9% of profit.

## Growth
- **Revenue growth (1 yr): -4.9%** (3-yr -6.3%/yr, 5-yr 1.7%/yr). Revenue fell 4.9% over the last year, against 1.7% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): -64.5%**. Earnings per share fell 64.5%, slower than revenue, so margins compressed.

## Financial health
- **Debt to equity: 0.00**. Debt is 0.00 times equity: a conservative balance sheet.
- **Net debt / EBITDA: net cash**. Sonos Inc. holds more cash than debt.
- **Current ratio: 1.43** (quick 1.43). Current assets cover the next year's liabilities 1.43 times.
- **Altman Z-score: 4.71**. A Z-score of 4.71 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 5/9**. 5 of 9 checks pass: mixed.

## Dividends
- **Dividend: none**. Sonos Inc. does not currently pay a dividend.

## Price and momentum
- **Total return (1 yr): 6.9%** (YTD -12.5%, 3-mo 1.9%). The shares are up 6.9% over twelve months including dividends.
- **From 52-week high: -22.5%** (23.5% above the low). Trading 23% 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): 49**. An RSI of 49 is neutral.
- **Beta (1 yr): 1.26** (volatility 47%). Beta of 1.26 against the S&P 500: the shares move roughly with the market.

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

Not investment advice.