The Bid & Ask

Quotations, Dispatches, and the Daily Tape

Thursday, August 13, 2026

Subject of the day

PENN

Concerning the House

PENN Entertainment, Inc., together with its subsidiaries, provides integrated entertainment, sports content, and casino gaming experiences in the United States and internationally. The company operates through five segments: Northeast, South, West, Midwest, and Interactive. It operates a portfolio of casinos, racetracks, and online sports betting; online gaming portfolio, such as theScore Bet, an online sportsbook; theScore Casino, a stand-alone iCasino website and app; Hollywood Casino, an iCasino and theScore Bet website and app; PENN Game Studios, its in-house iCasino and social gaming content studio; and PENN Play, a customer loyalty program. The company also engages in gaming operations, including slot machines and table games; food and beverage offerings; and hotel visitation. It offers its products under the Ameristar, Argosy, Boomtown, Hollywood Casino, Hollywood Gaming, L'Auberge, M Resort, PENN Entertainment, and PENN Play, as well as theScore, theScore Bet, and theScore esports brands. The company was formerly known as Penn National Gaming, Inc. and changed its name to PENN Entertainment, Inc. in August 2022. PENN Entertainment, Inc. was founded in 1972 and is based in Wyomissing, Pennsylvania.

United States · www.pennentertainment.com

The Long Run

FY 2010–2025 · 16 years

LineLatestCAGRTrend
Revenue$6.36B+7.7%
Operating income$72.50M-17.6%
Net income-$843.10M+17.6%
Cash from ops$455.90M-0.9%
Quotation

$18.85

-0.32 (-1.7%)

52w hi$22.06
52w lo$11.76
Vol2.78M
As ofAug 13
The Verdict

Hold

Our score +0.05

Short+0.55
Medium-0.03
Long-0.76

computed 2026-08-13

By the Numbers

PENN Entertainment, Inc.

Consumer Cyclical · Resorts & Casinos

Market cap$2.53B
Enterprise value$12.61B
Trailing P/E
Forward P/E14.57x
EV / EBITDA14.45x
P / S (ttm)0.35x
Profit margin-12.7%
Return on equity-37.6%
Revenue growth+5.2%
Earnings growth
Debt / equity596.73
Risk Metrics
Beta vs SPX1.36
Corr SPX0.43
Annual vol51.3%
Annual ret+13.3%
Sharpe0.26
Max DD-48.3%

Window: 504 trading days (504 obs)

Layer Breakdown
LayerRawContribution
Fundamental-0.11
Sector+0.01
Technical+0.36
Earnings+0.00
Sentiment-0.08

macro × 1.00 · 2026-08-13

Recent Sessions
DateOpenHighLowCloseVol
Aug 13$19.15$19.20$18.67$18.852.78M
Aug 12$19.04$19.40$18.73$19.173.19M
Aug 11$19.01$19.33$18.89$19.133.17M
Aug 10$20.02$20.02$18.82$18.853.19M
Aug 7$20.18$20.59$19.82$20.182.49M