CHDN Relative Valuation
CHDN's fair value is calculated using relative valuation, based on historical P/E and P/S ranges and their premiums/discounts relative to a competitor average, adjusted by weights. If the market price exceeds this fair value range, CHDN is overvalued; if below, it's undervalued.
Historical Valuation
Churchill Downs Inc (CHDN) is now in the Undervalued zone, suggesting that its current forward PE ratio of 17.57 is considered Undervalued compared with the five-year average of 21.86. The fair price of Churchill Downs Inc (CHDN) is between 122.15 to 173.45 according to relative valuation methord. Compared to the current price of 112.92 USD , Churchill Downs Inc is Undervalued By 7.56%.
Relative Value
Fair Zone
122.15-173.45
Current Price：112.92
7.56%
Undervalued
17.57
PE
1Y
3Y
5Y
10.46
EV/EBITDA
Churchill Downs Inc. (CHDN) has a current EV/EBITDA of 10.46. The 5-year average EV/EBITDA is 12.34. The thresholds are as follows: Strongly Undervalued below 8.65, Undervalued between 8.65 and 10.50, Fairly Valued between 14.19 and 10.50, Overvalued between 14.19 and 16.03, and Strongly Overvalued above 16.03. The current Forward EV/EBITDA of 10.46 falls within the Undervalued range.
15.69
EV/EBIT
Churchill Downs Inc. (CHDN) has a current EV/EBIT of 15.69. The 5-year average EV/EBIT is 19.35. The thresholds are as follows: Strongly Undervalued below 10.78, Undervalued between 10.78 and 15.06, Fairly Valued between 23.63 and 15.06, Overvalued between 23.63 and 27.91, and Strongly Overvalued above 27.91. The current Forward EV/EBIT of 15.69 falls within the Historic Trend Line -Fairly Valued range.
2.60
PS
Churchill Downs Inc. (CHDN) has a current PS of 2.60. The 5-year average PS is 3.70. The thresholds are as follows: Strongly Undervalued below 1.96, Undervalued between 1.96 and 2.83, Fairly Valued between 4.57 and 2.83, Overvalued between 4.57 and 5.44, and Strongly Overvalued above 5.44. The current Forward PS of 2.60 falls within the Undervalued range.
9.84
P/OCF
Churchill Downs Inc. (CHDN) has a current P/OCF of 9.84. The 5-year average P/OCF is 13.20. The thresholds are as follows: Strongly Undervalued below 7.56, Undervalued between 7.56 and 10.38, Fairly Valued between 16.02 and 10.38, Overvalued between 16.02 and 18.84, and Strongly Overvalued above 18.84. The current Forward P/OCF of 9.84 falls within the Undervalued range.
11.93
P/FCF
Churchill Downs Inc. (CHDN) has a current P/FCF of 11.93. The 5-year average P/FCF is -127.61. The thresholds are as follows: Strongly Undervalued below -1196.84, Undervalued between -1196.84 and -662.23, Fairly Valued between 407.01 and -662.23, Overvalued between 407.01 and 941.62, and Strongly Overvalued above 941.62. The current Forward P/FCF of 11.93 falls within the Historic Trend Line -Fairly Valued range.
Churchill Downs Inc (CHDN) has a current Price-to-Book (P/B) ratio of 7.55. Compared to its 3-year average P/B ratio of 10.09 , the current P/B ratio is approximately -25.15% higher. Relative to its 5-year average P/B ratio of 15.62, the current P/B ratio is about -51.65% higher. Churchill Downs Inc (CHDN) has a Forward Free Cash Flow (FCF) yield of approximately 5.77%. Compared to its 3-year average FCF yield of 1.61%, the current FCF yield is approximately 257.39% lower. Relative to its 5-year average FCF yield of 1.73% , the current FCF yield is about 232.58% lower.
7.55
P/B
Median3y
10.09
Median5y
15.62
5.77
FCF Yield
Median3y
1.61
Median5y
1.73
Competitors Valuation Multiple
The average P/S ratio for CHDN's competitors is 3.15, providing a benchmark for relative valuation. Churchill Downs Inc Corp (CHDN) exhibits a P/S ratio of 2.60, which is -17.33% above the industry average. Given its robust revenue growth of 8.67%, this premium appears unsustainable.
Performance Decomposition
1Y
3Y
5Y
Market capitalization of CHDN decreased by 11.57% over the past 1 year. The primary factor behind the change was an increase in P/E Change from 16.16 to 20.24.
The secondary factor is the Revenue Growth, contributed 8.67%to the performance.
Overall, the performance of CHDN in the past 1 year is driven by P/E Change. Which is more unsustainable.
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Frequently Asked Questions
Is Churchill Downs Inc (CHDN) currently overvalued or undervalued?
Churchill Downs Inc (CHDN) is now in the Undervalued zone, suggesting that its current forward PE ratio of 17.57 is considered Undervalued compared with the five-year average of 21.86. The fair price of Churchill Downs Inc (CHDN) is between 122.15 to 173.45 according to relative valuation methord. Compared to the current price of 112.92 USD , Churchill Downs Inc is Undervalued By 7.56% .
What is Churchill Downs Inc (CHDN) fair value?
CHDN's fair value is calculated using relative valuation, based on historical P/E and P/S ranges and their premiums/discounts relative to a competitor average , adjusted by weights. The fair price of Churchill Downs Inc (CHDN) is between 122.15 to 173.45 according to relative valuation methord.
How does CHDN's valuation metrics compare to the industry average?
The average P/S ratio for CHDN's competitors is 3.15, providing a benchmark for relative valuation. Churchill Downs Inc Corp (CHDN) exhibits a P/S ratio of 2.60, which is -17.33% above the industry average. Given its robust revenue growth of 8.67%, this premium appears unsustainable.
What is the current P/B ratio for Churchill Downs Inc (CHDN) as of Jan 08 2026?
As of Jan 08 2026, Churchill Downs Inc (CHDN) has a P/B ratio of 7.55. This indicates that the market values CHDN at 7.55 times its book value.
What is the current FCF Yield for Churchill Downs Inc (CHDN) as of Jan 08 2026?
As of Jan 08 2026, Churchill Downs Inc (CHDN) has a FCF Yield of 5.77%. This means that for every dollar of Churchill Downs Inc’s market capitalization, the company generates 5.77 cents in free cash flow.
What is the current Forward P/E ratio for Churchill Downs Inc (CHDN) as of Jan 08 2026?
As of Jan 08 2026, Churchill Downs Inc (CHDN) has a Forward P/E ratio of 17.57. This means the market is willing to pay $17.57 for every dollar of Churchill Downs Inc’s expected earnings over the next 12 months.
What is the current Forward P/S ratio for Churchill Downs Inc (CHDN) as of Jan 08 2026?
As of Jan 08 2026, Churchill Downs Inc (CHDN) has a Forward P/S ratio of 2.60. This means the market is valuing CHDN at $2.60 for every dollar of expected revenue over the next 12 months.