What is Churchill Downs's price / book?

Churchill Downs (CHDN) reported price / book of 5.7× in Q1 2026.

How has Churchill Downs's price / book changed year-over-year?

Churchill Downs's price / book decreased by 25.0% year-over-year, from 7.6× to 5.7×.

What is the long-term trend for Churchill Downs's price / book?

Over 5 years (2020 to 2025), Churchill Downs's price / book has grown at a -5.0% compound annual growth rate (CAGR), from 10.1× to 7.9×.

What does price / book mean?

Market capitalization at the quarter end divided by shareholders' equity. The premium (or discount) the market assigns to the company's book equity.

Churchill Downs CHDN Price / book

Price / book at other companies

MGM Resorts InternationalMGM

3.9×+0.9×

Caesars Entertainment, Inc.CZR

1.6×+0.3×

DraftKings Inc.DKNG

17.7×-1.3×

Boyd GamingBYD

2.4×-1.6×

Flutter EntertainmentFLUT

2×-2.0×

Red Rock Resorts, Inc.RRR

22.1×+11.6×

Other financials

Income statement

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Revenue$663.0M+3.1%

Operating income$143.0M+5.9%

Net income$83.0M+7.8%

EPS (diluted)$1.16+13.7%

Balance sheet

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Cash & equivalents$291.0M+7.4%

Total debt$1.8B+2.6%

Total equity$1.1B+2.2%

Total assets$7.5B+1.9%

Cash flow

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Operating cash flow$295.0M+19.4%

CapEx$19.0M+46.2%

Free cash flow$276.0M+17.9%

Valuation

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Market cap$6.15B-23.3%

Profitability

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Operating margin23.5%-2.3pp

Net margin13.2%-2.0pp

FCF margin25.2%+0.8pp

Returns & leverage

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Return on equity35.9%-8.7pp

Debt / equity1.7×0.0×

Current ratio0.5×0.0×

Where this comes from

Calculated from Churchill Downs’s reported figures.

market cap/total stockholders equity=5.7×

Based on the most recent quarter.

The official record: Churchill Downs’s 10-Q, filed April 22, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Churchill Downs's price / book?: Churchill Downs (CHDN) reported price / book of 5.7× in Q1 2026.
How has Churchill Downs's price / book changed year-over-year?: Churchill Downs's price / book decreased by 25.0% year-over-year, from 7.6× to 5.7×.
What is the long-term trend for Churchill Downs's price / book?: Over 5 years (2020 to 2025), Churchill Downs's price / book has grown at a -5.0% compound annual growth rate (CAGR), from 10.1× to 7.9×.
What does price / book mean?: Market capitalization at the quarter end divided by shareholders' equity. The premium (or discount) the market assigns to the company's book equity.