Reservoir Media, Inc. (RSVR) 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

-348.4%

-$24.04

vs $9.68 price

Levered DCF

-$13.34

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

1.07

Distress zone

Rating

Overall 2 / 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	75.31×	63.58×	808×	165.06×	42.74×	47.19×	-1,002×	0.33×
P/B	1.7×	1.36×	1.48×	1.2×	1.49×	1.46×	0.01×	0.02×
P/S	3.65×	3.13×	3.61×	3.43×	4.8×	3.52×	0×	0.03×
EV / EBITDA	15.77×	14.98×	17.83×	15.99×	16.27×	14.09×	14.65×	5.49×
Gross margin	64.7%	63.8%	61.7%	60.8%	59.0%	59.1%	0.0%	58.2%
Operating margin	21.8%	22.1%	17.0%	17.2%	17.9%	22.8%	0.0%	27.6%
Net margin	4.7%	4.9%	0.4%	2.1%	12.1%	11.5%	0.0%	7.8%
Current ratio	1.41×	1.2×	1.17×	1.22×	1.45×	1.55×	3.51×	2.31×
Debt / equity	1.23×	1.08×	0.96×	0.91×	0.78×	1.1×	1.06×	1.43×
Interest coverage	1.45×	1.6×	1.17×	1.43×	1.78×	2.04×	0×	0×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	1306.8%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	-1377551.0%	0.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	2.2%	2.1%	0.2%	0.7%	3.8%	4.8%	-0.0%	4.7%
Return on invested capital	3.0%	3.4%	2.4%	1.0%	2.3%	3.4%	0.0%	5.4%
Return on assets	0.9%	0.9%	0.1%	0.3%	1.9%	2.0%	-0.0%	1.8%
Free cash flow yield	7.7%	-10.3%	-2.7%	-9.8%	-35.2%	-36.7%	879.1%	193.9%
Earnings yield	1.3%	1.6%	0.1%	0.6%	2.5%	3.3%	-0.1%	307.6%
Enterprise value	$1.1B	$869.7M	$842.6M	$723.2M	$769.2M	$486.1M	$123.4M	$109.7M
Net debt / EBITDA	6.39×	6.42×	6.76×	6.71×	5.33×	5.89×	14.5×	5.43×
Cash conversion cycle (days)	61	84	66	84	82	51	0	35