Built from weaker models, sales multiples or analyst targets, so treat it as a rough guide.
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Valued as a loss-making company: Sales comps and Analyst consensus.
ACCE opinionPENN Entertainment Inc. Common Stock (PENN)
Fair value (2 models)
Not available
ACCE price target
$16.00
Rating
Not rated
Horizon
12 months
ACCE price target published on 11 Oct 2026, 00:00 CEST.
Price used: $14.50 at the close on 23 Oct 2026, 22:00 CEST.
Models: Analyst consensus and Sales comps.
Fair value: the average of the applicable valuation models (discounted cash flow, multiples, residual income, dividend discount, shareholder yield), each run on the latest financial statements and the market price shown. Opinion columns (fair value, target, rating) are shown apart from the data. Full methodology: acceinvestments.com/data/how-we-value-stocks
Conflicts of interest: The author holds no personal position in this security. General statement
Produced by ACCE Investments (acceinvestments.com)
Data
ACCE score
40
out of 100
Analysts
65% buy
20 covering
P/E
0.0x
forward 8.2x
1-year return
-19.5%
Dividend yield
0.00%
PENN Entertainment Inc. Common Stock in four questions
Plain answers, details below
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Overview
ACCE thesis
PENN Entertainment runs regional casinos and racetracks under the Hollywood Casino, Ameristar and Barstool Sportsbook brands, with its digital arm sitting alongside the land-based footprint. The structural case rests on owning a scarce set of licensed gaming assets in mostly mature markets, where new supply is limited and the company keeps a real share of the cash its properties generate. The near-term story is the rebuild of that digital business and the hoped-for margin lift as the online operation scales and its cost base is pared back, though the Barstool drag and heavy leverage keep this a turnaround rather than a clean compounder. The numbers explain why it is on the list: the stock trades at about 8.2 times forward earnings against a 5.2% revenue growth rate and a 7.9% operating margin, a valuation that prices in a lot of skepticism. Against that sit a -37.6% return on equity and a score of 46 out of 100, so the question for a deeper look is whether operating margin can keep climbing while the balance sheet carries its debt load.