# Turtle Beach Corporation (TBCH) fundamentals

Data as of 2026-11-05. NASDAQ, United States. Sector: Technology / Computers & Hardware. Price $16.24, market value $291 million.

## Valuation
- **P/E (trailing): n/a** (negative earnings). Turtle Beach Corporation reported negative earnings over the last twelve months, so the P/E is not meaningful; use price-to-sales, EV/EBITDA and free-cash-flow yield instead.
- **Price / sales: 1.1×**. Each dollar of revenue is priced at 1.1×.
- **Price / book: 3.6×**. The shares trade at 3.6× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 25.2×**. Enterprise value is 25.2× operating earnings before depreciation, the multiple that ignores how the company is financed; above 20× is demanding.
- **Free-cash-flow yield: 11.1%** (5-yr avg -1.4%). Free cash flow equals 11.1% of the market value, above its five-year average of -1.4%, so the shares are cheaper on cash than they have usually been. Above 5% is generally attractive.

## Profitability
- **Gross margin: 40.4%**. Turtle Beach Corporation keeps 40.4% of revenue after the direct cost of what it sells.
- **Operating margin: 3.4%**. 3.4% of revenue is left after running the business, which leaves little cushion in a downturn.
- **Net margin: 4.9%**. 4.9% of each dollar of sales reaches the bottom line.
- **Return on equity: 12.2%**. 12.2% on shareholders' equity is solid.
- **Return on invested capital: 4.4%**. Return on all capital, debt included, is 4.4%: close to or below the cost of capital, so growth may not create value.
- **Return on assets: -1.2%**. Each dollar of assets produces -1.2% of profit.

## Growth
- **Revenue growth (1 yr): -14.2%** (3-yr 10.0%/yr, 5-yr -2.3%/yr). Revenue fell 14.2% over the last year, against -2.3% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): -1.3%** (5-yr -20.1%/yr). Earnings per share fell 1.3%, faster than revenue, so margins expanded or the share count shrank.

## Financial health
- **Debt to equity: 0.43**. Debt is 0.43 times equity: a conservative balance sheet.
- **Net debt / EBITDA: 2.9×**. It would take 2.9 years of operating earnings to repay net borrowings, within the comfortable range.
- **Current ratio: 1.98** (quick 1.98). Current assets cover the next year's liabilities 1.98 times.
- **Altman Z-score: 3.88**. A Z-score of 3.88 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 7/9**. 7 of 9 fundamental checks pass: strong and improving financials.

## Dividends
- **Dividend: none**. Turtle Beach Corporation does not currently pay a dividend.

## Price and momentum
- **Total return (1 yr): 4.1%** (YTD 20.9%, 3-mo 25.3%). The shares are up 4.1% over twelve months including dividends.
- **From 52-week high: -5.0%** (65.0% above the low). Trading 5% below its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 68**. An RSI of 68 is neutral.
- **Beta (1 yr): 1.76** (volatility 52%). Beta of 1.76 against the S&P 500: the shares move much more than the market.

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

Not investment advice.