Turtle Beach Corporation (TBCH) Key Metrics
TBCH valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $272.2M
- Enterprise value
- $289.7M
- P/E (TTM)
- — 10-yr median 13.7
- Forward P/E
- 10.1
- PEG ratio
- 0.98
- Price / sales
- 0.9 10-yr median 0.7
- Price / book
- 2.8 10-yr median 2.6
- EV / EBITDA
- 13.6 10-yr median 11.8
- Dividend yield
- —
- Beta
- 2.36
TBCH key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsTBCH valuation Price multiples at each fiscal year-end price.
TBCH returns How much profit the business earns on the capital it uses.
TBCH per-share figures Results divided by the shares outstanding at year-end.
TBCH financial health Debt, liquidity and how easily interest is covered.
TBCH efficiency & capital use Working capital cycle and where the cash goes.
TBCH valuation history
TBCH returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
TBCH debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
TBCH cash returned to shareholders
TBCH price vs earnings per share
TBCH key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $287.0M | $360.6M | $187.6M | $117.9M | $406.3M | $352.7M | $148.3M | $203.9M | $22.4M | $63.7M |
| Enterprise value | $354.3M | $452.8M | $176.6M | $125.6M | $376.3M | $312.0M | — | — | — | — |
| P/E ratio | 18.2 | 22.3 | — | — | 22.9 | 9.1 | 8.3 | 5.2 | — | — |
| Price / sales | 0.9 | 1.0 | 0.7 | 0.5 | 1.1 | 1.0 | 0.6 | 0.7 | 0.1 | 0.4 |
| Price / book | 2.2 | 3.0 | 2.2 | 1.3 | 2.9 | 3.0 | — | — | — | — |
| Price / free cash flow | 8.4 | 425.7 | 7.5 | — | — | 7.8 | — | — | — | — |
| Price / operating cash flow | 8.1 | 62.6 | 6.9 | — | — | 6.9 | — | — | — | — |
| EV / sales | 1.1 | 1.2 | 0.7 | 0.5 | 1.0 | 0.9 | — | — | — | — |
| EV / EBITDA | 9.1 | 15.0 | — | — | 14.6 | 5.4 | — | — | — | — |
| EV / free cash flow | 10.4 | 534.6 | 7.1 | — | — | 6.9 | — | — | — | — |
| Earnings yield | 5.5% | 4.5% | −9.4% | −50.5% | 4.4% | 11.0% | 12.1% | 19.2% | −14.5% | −137.0% |
| Free cash flow yield | 11.9% | 0.2% | 13.3% | −38.5% | −1.5% | 12.9% | — | — | — | — |
| Shareholder yield (dividends + buybacks) | 6.6% | 7.7% | 0.5% | 0.0% | 1.3% | 0.1% | — | — | — | — |
| Share price at fiscal year-end | $14.03 | $17.31 | $10.95 | $7.17 | $22.26 | $21.55 | $9.45 | $14.27 | $1.81 | $5.24 |
| Per share | ||||||||||
| Revenue per share | $15.64 | $17.89 | $15.06 | $14.60 | $20.07 | $22.00 | $14.96 | $20.12 | $12.09 | $14.32 |
| Earnings per share | $0.77 | $0.78 | −$1.03 | −$3.62 | $0.97 | $2.37 | $1.14 | $2.74 | −$0.26 | −$7.18 |
| Operating cash flow per share | $1.73 | $0.28 | $1.58 | −$2.54 | −$0.02 | $3.12 | — | — | — | — |
| Free cash flow per share | $1.66 | $0.04 | $1.45 | −$2.76 | −$0.33 | $2.77 | — | — | — | — |
| Cash per share | $0.83 | $0.62 | $1.09 | $0.69 | $2.07 | $2.85 | — | — | — | — |
| Book value per share | $6.28 | $5.79 | $4.97 | $5.41 | $7.75 | $7.11 | — | — | — | — |
| Tangible book value per share | $2.14 | $1.21 | $4.24 | $4.60 | $6.84 | $6.30 | — | — | — | — |
| Capex per share | $0.07 | $0.24 | $0.13 | $0.22 | $0.31 | $0.35 | — | — | — | — |
| Debt per share | $4.12 | $5.05 | $0.45 | $1.16 | $0.43 | $0.37 | — | — | — | — |
| Shares outstanding | 20.5M | 20.8M | 17.1M | 16.4M | 18.3M | 16.4M | 15.7M | 14.3M | 12.3M | 12.1M |
| Change in shares outstanding | −1.8% | +21.6% | +4.2% | −9.9% | +11.5% | +4.3% | +9.8% | +15.8% | +1.5% | +15.0% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 12.6% | 15.7% | −20.3% | −51.7% | 13.7% | 33.3% | — | — | — | — |
| Return on invested capital (ROIC) | 9.0% | 14.0% | −15.2% | −39.1% | 19.2% | 47.9% | — | — | — | — |
| Return on assets (ROA) | 5.5% | 7.2% | −11.3% | −30.2% | 8.2% | 19.0% | — | — | — | — |
| Return on tangible assets | 8.5% | 8.0% | −12.9% | −39.7% | 8.3% | 20.4% | — | — | — | — |
| Free cash flow margin | 10.6% | 0.2% | 9.6% | −18.9% | −1.6% | 12.6% | — | — | — | — |
| Income quality (OCF / net income) | 2.25 | 0.36 | — | — | −0.02 | 1.32 | — | — | — | — |
| Financial health | ||||||||||
| Total debt | $84.3M | $105.2M | $7.7M | $19.1M | $7.8M | $6.0M | — | — | — | — |
| Cash & short-term investments | $17.0M | $13.0M | $18.7M | $11.4M | $37.7M | $46.7M | — | — | — | — |
| Net debt | $67.3M | $92.2M | −$11.0M | $7.7M | −$30.0M | −$40.7M | — | — | — | — |
| Debt / equity | 0.66 | 0.87 | 0.09 | 0.21 | 0.05 | 0.05 | — | — | — | — |
| Debt / assets | 0.31 | 0.35 | 0.05 | 0.12 | 0.03 | 0.03 | — | — | — | — |
| Net debt / EBITDA | 1.73 | 3.06 | — | — | −1.16 | −0.70 | — | — | — | — |
| Current ratio | 1.98 | 1.52 | 2.22 | 2.10 | 2.47 | 2.16 | — | — | — | — |
| Quick ratio | 1.19 | 0.95 | 1.43 | 0.99 | 1.17 | 1.25 | — | — | — | — |
| Interest coverage | 2.0 | 2.5 | -32.6 | -42.2 | 53.3 | 105.3 | 11.2 | 10.1 | 0.6 | -10.4 |
| Working capital | $86.1M | $64.7M | $68.5M | $70.8M | $114.9M | $91.3M | — | — | — | — |
| Invested capital | $195.8M | $212.8M | $74.1M | $96.6M | $111.4M | $75.7M | — | — | — | — |
| Tangible asset value | $43.7M | $25.3M | $72.7M | $75.6M | $124.9M | $103.1M | — | — | — | — |
| Net current asset value | $33.3M | $10.1M | $60.0M | $60.7M | $104.0M | $82.9M | — | — | — | — |
| Graham number | $10.43 | $10.06 | — | — | $13.01 | $19.47 | — | — | — | — |
| Graham net-net per share | −$1.53 | −$2.87 | $0.97 | $0.31 | $1.45 | $1.72 | — | — | — | — |
| Capital allocation | ||||||||||
| Share buybacks (net) | $19.0M | $27.8M | $974,000 | $0 | $5.3M | $325,000 | — | — | — | — |
| Dividends + buybacks / free cash flow | 55.7% | — | 3.9% | — | — | 0.7% | — | — | — | — |
| Capex / revenue | 0.4% | 1.3% | 0.8% | 1.5% | 1.5% | 1.6% | — | — | — | — |
| Capex / operating cash flow | 4.0% | 85.3% | 8.0% | — | — | 11.1% | — | — | — | — |
| Capex / depreciation | 0.11 | 0.43 | 0.45 | 0.61 | 1.06 | 1.08 | — | — | — | — |
| Stock-based compensation / revenue | 1.9% | 1.7% | 4.6% | 3.3% | 2.1% | 1.5% | — | — | — | — |
| R&D / revenue | 5.3% | 4.6% | 6.6% | 8.0% | 4.8% | 3.4% | 3.3% | 2.0% | 3.7% | 4.7% |
| SG&A / revenue | 25.9% | 21.7% | 29.0% | 33.2% | 24.7% | 20.1% | 25.8% | 17.1% | 26.9% | 27.7% |
| Efficiency | ||||||||||
| Days sales outstanding | 96.9 | 72.2 | 69.1 | 60.3 | 39.8 | 44.5 | — | — | — | — |
| Days of inventory on hand | 127.8 | 86.3 | 115.2 | 165.5 | 132.9 | 115.0 | — | — | — | — |
| Days payables outstanding | 54.4 | 46.2 | 46.7 | 57.6 | 63.7 | 68.6 | — | — | — | — |
| Cash conversion cycle (days) | 170.3 | 112.3 | 137.6 | 168.1 | 109.0 | 90.9 | — | — | — | — |
| Receivables turnover | 3.77 | 5.05 | 5.28 | 6.06 | 9.18 | 8.21 | — | — | — | — |
| Payables turnover | 6.71 | 7.90 | 7.81 | 6.33 | 5.73 | 5.32 | — | — | — | — |
| Inventory turnover | 2.86 | 4.23 | 3.17 | 2.21 | 2.75 | 3.17 | — | — | — | — |
| Asset turnover | 1.13 | 1.66 | 1.65 | 1.22 | 1.69 | 1.77 | — | — | — | — |
| Average receivables | $85.0M | $73.8M | $48.9M | $39.6M | $39.9M | $43.9M | — | — | — | — |
| Average payables | $29.9M | $30.9M | $23.4M | $30.2M | $41.5M | $42.5M | — | — | — | — |
| Average inventory | $70.2M | $57.6M | $57.6M | $86.6M | $86.6M | $71.3M | — | — | — | — |
| Intangibles / total assets | 31.5% | 31.9% | 8.3% | 8.1% | 7.1% | 6.5% | — | — | — | — |
Computed from TBCH's annual financial statements (latest annual report filed December 31, 2025) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
TBCH valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Turtle Beach traded at 18.2 times earnings, against a 10-year median of 13.7. Turtle Beach earned a return on equity of 12.6% and a return on invested capital of 9.0% in fiscal 2025. It ended the year with $84.3 million of debt and $17.0 million in cash and short-term investments, net debt of $67.3 million. It returned $19.0 million to shareholders: $0 in dividends and $19.0 million in share buybacks, 56% of free cash flow. The share count rose 68.4% from 12.1M to 20.5M over 9 years.
See the TBCH income statement, the TBCH chart for price history, or the TBCH stock overview for the latest quote and news.
TBCH key metrics FAQ
What is Turtle Beach's P/E ratio?
Turtle Beach traded at 18.2 times earnings at the end of fiscal 2025.
What is Turtle Beach's EV/EBITDA?
Turtle Beach's enterprise value was 9.1 times EBITDA at the end of fiscal 2025 (enterprise value $354.3 million, EBITDA $39.0 million); the current EV/EBITDA is 13.6.
What is Turtle Beach's return on equity?
Turtle Beach's return on equity (ROE) was 12.6% in fiscal 2025: net income of $15.7 million on average shareholders' equity of $124.6 million.
What is Turtle Beach's ROIC?
Turtle Beach's return on invested capital was 9.0% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Turtle Beach have?
Turtle Beach had total debt of $84.3 million at the end of fiscal 2025, a debt-to-equity ratio of 0.66 and $67.3 million of net debt (1.73 times EBITDA).
Does Turtle Beach buy back its shares?
Yes. Turtle Beach spent $19.0 million on net share repurchases in fiscal 2025 Shares outstanding changed −1.8% over the year, to 20.5M..
What is Turtle Beach's free cash flow yield?
Turtle Beach generated $34.0 million of free cash flow in fiscal 2025, a free cash flow yield of 11.9% on its market value at year-end ($287.0 million).
What is Turtle Beach's current ratio?
Turtle Beach's current ratio was 1.98 at the end of fiscal 2025: current assets were 1.98 times current liabilities.