Stocktoria

Turtle Beach Corp TBCH

Nasdaq · stock · Communications Equipment, NEC · website · IPO 2012-03-22 · LEI

Turtle Beach Corp statistics & valuation

Market cap$246.1M
P / E15.6×
P / S0.8×
P / B1.9×
P / FCF7.2×
Net margin4.9%
Return on equity12.2%
FCF margin10.6%
Net debt$38.8M
Net debt / EBITDA1.2×
Enterprise value USD$284.9M
EV / EBITDA8.9×
Earnings yield EBIT/EV9.7%
Return on capital15.2%
Graham number -18.9%$10.43

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($10.43); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
-50.10% -2.20% 13.60% 7.60% 10.80% 4.80% -24.80% -6.80% 4.30% 4.90% 2016201720182019202020212022202320242025
Gross margin (%)
24.50% 34.20% 37.80% 33.50% 37.20% 35.00% 20.50% 29.30% 34.60% 37.30% 2016201720182019202020212022202320242025
Operating margin (%)
-44.70% 3.20% 18.80% 4.40% 13.70% 5.60% -21.40% -6.40% 5.40% 8.60% 2016201720182019202020212022202320242025
Return on equity (%)
104.50% 28.30% 33.30% 12.50% -67.00% -20.80% 13.40% 12.20% 2016201720182019202020212022202320242025
Shares outstanding
49.3M 12.3M 14.3M 15.7M 16.4M 18.3M 20.5M 17.5M 20.8M 20.5M 2016201720182019202020212022202320242025
Net debt ($)
$61.6M $65.0M $30.3M $36.0M $38.8M 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
-92.00% -3.40% 32.10% 13.70% 19.00% 7.70% -36.40% -11.80% 5.40% 5.80% 2016201720182019202020212022202320242025
Free cash flow margin (%)
-2.90% -0.70% 12.90% 16.00% 12.60% -1.60% -18.90% 9.60% 0.20% 10.60% 2016201720182019202020212022202320242025
Debt / equity (×)
1.00× 0.41× 0.43× 2016201720182019202020212022202320242025
EPS ($)
-$7.18 -$0.26 $2.74 $1.04 $2.37 $0.97 -$3.62 -$1.03 $0.78 $0.77 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

Turtle Beach Corp trades at about 16.7× earnings — near its 10-year norm (10-year range 5.4×–254.8×, median 15.5×).

5.4× 254.8×

Shaded band = 10-year range (5.4×–254.8×); dot = today's 16.7×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Gross margin37.3%34.6%29.3%20.5%35.0%37.2%33.5%37.8%34.2%24.5%
Operating margin8.6%5.4%-6.4%-21.4%5.6%13.7%4.4%18.8%3.2%-44.7%
Net margin4.9%4.3%-6.8%-24.8%4.8%10.8%7.6%13.6%-2.2%-50.1%
FCF margin10.6%0.2%9.6%-18.9%-1.6%12.6%16.0%12.9%-0.7%-2.9%
Return on assets5.8%5.4%-11.8%-36.4%7.7%19.0%13.7%32.1%-3.4%-92.0%
Return on equity12.2%13.4%-20.8%-67.0%12.5%33.3%28.3%104.5%14.7%421.3%
Debt / equity0.43×0.41×—————1.00×-3.17×-3.23×
Current ratio1.981.522.222.102.472.161.591.551.281.30

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.