PENN Entertainment, Inc. (PENN) Stock

PENN Entertainment, Inc. (PENN) is a Consumer Discretionary stock trading at $18.45 (as of 2026-08-20), with a market capitalization of $2.47B. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

PENN Entertainment, Inc. and its subsidiaries provide entertainment, sports content, and casino gaming experiences in North America. It operates regional casino businesses across the Northeast, South, West, and Midwest segments and an Interactive segment, including online sports betting and iCasino services.

Understand PENN Entertainment, Inc.: how it makes money

PENN Entertainment operates casino properties in multiple U.S. regions and also runs online sports betting and iCasino through its portfolio of brands, it makes money from retail gaming and related on-site activities as well as from interactive betting and gaming.

PENN converts regional retail casino and related activity revenue, plus online sports betting and iCasino interactive revenue, into profitability measured and summarized by Segment Adjusted EBITDAR across its five reportable segments.

Revenue by segment (latest quarter)
Northeast$0.7B
South$0.3B
West$0.1B
Midwest$0.3B
Interactive$0.4B

Business quality (Weak): Strong segment structure is provided (Northeast, South, West, Midwest, Interactive) with segment revenue and Segment Adjusted EBITDAR available. However, the provided facts do not include key detail often used by investors (for example, property-level trends beyond revenue, or interactive performance metrics beyond revenue), so conclusions are constrained to revenue mix and the available adjusted profitability metric.

Bull case

  • Multi-channel entertainment footprint: The company operates 44 properties in 20 states and also runs online sports betting in 13 jurisdictions and iCasino in five.
  • Brand and platform breadth: Its interactive offering includes a portfolio of brands such as Hollywood Casino, L'Auberge, Barstool Sportsbook, and theScore Bet.
  • Segment-level view of performance: Results are reported through five segments, enabling investors to compare retail regions versus Interactive using Segment Adjusted EBITDAR.

Bear case

  • Regulatory footprint limits interactive scope: Online sports betting is in 13 jurisdictions and iCasino is in five, so growth or consistency can depend on maintaining and expanding regulatory approvals.
  • Interactive profitability contribution may be smaller in the latest figures: In the provided segment metrics, Interactive Segment Adjusted EBITDAR is shown at 0.01 USD_B, versus higher retail segment Segment Adj. EBITDAR figures (for example, Northeast at 0.19 USD_B).
  • Retail revenue is spread across regions with different sizes: Segment revenue mix varies by region in the provided data, with Northeast (0.69 USD_B) larger than West (0.15 USD_B), which can create uneven regional impacts on overall results.
Valuation — source: SEC EDGAR (first-party)
Price$18.45
Market Cap$2.47B
Price / Book1.33
Price / Sales0.35
DCF Value (model)$48.42
DCF Upside vs Price162.5%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$6.96B
Net Margin-12.1%
Revenue Growth (YoY)5.2%
EPS Growth (YoY)-308.3%
Financial Health — source: SEC EDGAR
Altman Z-Score0.28 (distress)
Valuation vs Sector & Industry
Sector P/E (Consumer Discretionary)20.5
Industry P/E (Restaurants, Hotels & Motels)26.6
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderBlackRock, Inc. ($235.87M)
Institutional Holders Tracked10
Congressional Trades (recent)4
Company
SectorConsumer Discretionary
IndustryRestaurants, Hotels & Motels
CEOJay A. Snowden
Employees23,118
CountryUS
IPO Date1994-05-26

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PENN earnings history · PENN institutional & insider holders · PENN KPIs & operating metrics · PENN financials · PENN investor presentations & press releases · PENN SEC filings · PENN peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.