Friday 6 November 2026 Export CHDN’s income statement to Excel — free account

Churchill Downs, Incorporated

Churchill Downs, Incorporated’s revenue for fiscal 2025 (year ended December 2025) was $2.9 billion, up 7.01% from fiscal 2024.

Revenue: +1.90%
EPS: +111.7%
Free cash flow: +252.7%
Total debt: −7.52%

Quarter to September 2026, against a year earlier

98.25 0.25 +0.26%

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Market cap: $6.7B
P/E: 15.2×
Fwd P/E: 14.0×
Dividend yield: 0.45%
F-score: 6/9
Altman Z: 1.59
Beneish M: −2.74
Dividend safety: 74/100

Overview Business Profile Earnings & Analysis Segments Valuation Filings

Churchill Downs, Incorporated (CHDN) P/B ratio

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As of 5 November 2026, Churchill Downs, Incorporated (CHDN) trades at a P/B ratio of 5.0×. Over the past ten years it has ranged from 2.3× (January 2015) to 44.6× (April 2021); the current reading is higher than 25% of that period. That is above the Gambling industry median of 2.3× and above the Consumer Cyclical sector median of 1.7×.

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<iframe src="https://stockrow.com/embed/CHDN/pb-ratio" width="100%" height="360" style="border:0" loading="lazy" title="Churchill Downs, Incorporated P/B ratio, 10 years"></iframe>
<p style="font-size:12px">Source: <a href="https://stockrow.com/CHDN/metrics/pb-ratio">Churchill Downs, Incorporated (CHDN) P/B ratio — stockrow.com</a></p>

Period	P/B ratio	Change
FY2025	8.0×	(11.80%)
FY2024	9.1×	(19.06%)
FY2023	11.3×	(22.12%)
FY2022	14.5×	(52.26%)
FY2021	30.3×	44.23%
FY2020	21.0×	95.17%
FY2019	10.8×	51.73%
FY2018	7.1×	24.73%
FY2017	5.7×	60.80%
FY2016	3.5×	(10.27%)

Period	P/B ratio	Change
Sep 2026	3.8×	(17.90%)
Jun 2026	4.7×	(18.44%)
Mar 2026	5.7×	(28.67%)
Dec 2025	8.0×	22.58%
43 more quarters	Free account

Against its own ten years

Low 2.3× High 44.6×

Ten-year median 8.5×

Current reading's percentile 18

Company	P/B ratio
CDRO Codere Online Luxembourg, S.A. compare	n/m
BRSL Brightstar Lottery compare	0.9×
FLUT Flutter Entertainment PLC compare	1.8×
ACEL Accel Entertainment, Inc. compare	3.7×
RSI Rush Street Interactive, Inc. compare	3.8×
CHDN Churchill Downs, Incorporated	5.0×
SGHC Super Group (SGHC) Limited compare	6.1×
LNWO Light & Wonder, Inc. compare	14.9×
DKNG DraftKings Inc. compare	20.4×
Gambling industry median	2.3×
Consumer Cyclical sector median	1.7×
Market median	1.7×

What P/B ratio is

Price to Book Value tells an investor how much the market pays for a company’s shares relative to the accounting net worth that belongs to common shareholders.

Stock Price ÷ (Common Equity (Total) (latest quarter) ÷ Shares (Basic, Weighted) (latest quarter))

The full definition of P/B ratio →

Churchill Downs, Incorporated (CHDN) P/B ratio

P/B ratio, daily

Annual newest first

Quarterly newest first

Against its own ten years

P/B ratio against peers

What P/B ratio is

More on CHDN

P/B ratio, daily

Annual newest first

Quarterly newest first

Against its own ten years

P/B ratio against peers

What P/B ratio is

More on CHDN

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