Juventus Football Club S.p.A. (JUVE.MI) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-340.1%

-€3.80

vs €1.58 price

Levered DCF

-€6.04

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

0.08

Distress zone

Rating

D+

Overall 1 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	-12×	-14.71×	-3.18×	-6.98×	-3×	-4.57×	-12.17×	-37.8×
P/B	70.67×	65.55×	15.78×	20.61×	4.34×	33.76×	4.55×	48.36×
P/S	1.95×	1.64×	1.61×	1.98×	1.78×	2.19×	1.9×	2.43×
EV / EBITDA	19.5×	10.92×	-40.36×	17.32×	-27.49×	65.96×	10.43×	13.58×
Gross margin	-11.9%	90.4%	34.4%	104.9%	94.5%	37.6%	52.1%	48.1%
Operating margin	-19.0%	-5.7%	-44.6%	-35.5%	-56.6%	-46.2%	-11.7%	-2.5%
Net margin	-15.8%	-11.0%	-50.7%	-28.3%	-59.4%	-48.0%	-15.6%	-6.4%
Current ratio	0.41×	0.47×	0.44×	0.29×	0.56×	0.51×	0.61×	0.56×
Debt / equity	31.6×	25.63×	6.95×	9.23×	1.36×	14.06×	1.66×	15.15×
Interest coverage	-3.1×	-1.12×	-7.28×	-11.44×	-20.88×	-17.41×	-3.84×	-1.06×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	-575.0%	-439.1%	-495.6%	-293.8%	-145.3%	-738.0%	-37.5%	-127.7%
Return on invested capital	-15.6%	-6.1%	-42.8%	-28.6%	-44.3%	-33.9%	-7.7%	-2.3%
Return on assets	-8.7%	-7.3%	-29.3%	-14.8%	-25.7%	-23.1%	-7.6%	-4.2%
Free cash flow yield	-1.9%	2.1%	-32.4%	-32.6%	-5.2%	-17.3%	-49.4%	-24.6%
Earnings yield	-8.1%	-6.7%	-31.4%	-14.3%	-33.5%	-21.9%	-8.2%	-2.6%
Enterprise value	€1.2B	€1.2B	€877.3M	€1.2B	€867.6M	€1.3B	€1.5B	€2B
Net debt / EBITDA	5.96×	2.82×	-11.17×	4.88×	-4.85×	19.02×	2.75×	3.19×
Cash conversion cycle (days)	48	-187	-130	31	-44	99	124	48