Churchill Downs price to free cash flow CHDN
Market value divided by free cash flow over the last twelve months, since 2013.
- Today, Oct 23, 2026
- 8.1×
- 10-year median
- 18.4×
- Against its 10-year history
- 2nd
- percentile: 0 is its lowest day, 100 its highest
- 10-year range
- 7.4× to 445×
- Peer median
- 19.8×
Churchill Downs' price to free cash flow is 8.1× as of Oct 23, 2026.
That is below its ten-year median of 18.4×, lower than on 98% of days in the last ten years.
Over that time it ranged from 7.4× in Oct 2026 to 445× in Sep 2023.
The median for 10 entertainment stocks of a similar size is 19.8×.
Price to free cash flow over time
The dashed line is the 10-year median and the shaded band the middle half of its days.
Year by year
| Year | End of year | Low | High |
|---|---|---|---|
| 2026 so far | 8.1× | 7.4× | 10.9× |
| 2025 | 11.1× | 8.9× | 14.5× |
| 2024 | 14.5× | 11.6× | 24.6× |
| 2023 | 26.1× | 21.0× | 445× |
| 2022 | 32.4× | 13.0× | 34.3× |
| 2021 | 26.6× | 24.3× | 59.0× |
| 2020 | 33.9× | 13.9× | 36.1× |
| 2019 | 19.7× | 18.1× | 27.4× |
| 2018 | 19.8× | 17.2× | 24.8× |
| 2017 | 19.0× | 12.7× | 19.1× |
| 2016 | 14.4× | 10.3× | 15.0× |
| 2015 | 11.6× | 11.1× | 23.6× |
| 2014 | 21.5× | 14.4× | 23.4× |
| 2013 | 14.5× | 13.6× | 16.7× |
Against its peers
Companies in Entertainment nearest Churchill Downs' size, closest first, today.
| Company | Price to free cash flow |
|---|---|
| CHDNChurchill Downs | 8.1× |
| MTNVail Resorts | 21.1× |
| NXSTNexstar Media | 6.9× |
| CNKCinemark | n/m |
| RSIRush Street Interactive | 20.3× |
| MSGEMadison Square Garden Entertainment | 11.4× |
| ADEAAdeia | 12.4× |
| WMGWarner Music | 19.3× |
| FWONKLiberty Media | 26.6× |
| PRSUPursuit Attractions & Hospitality | n/m |
| ROKURoku | 33.2× |
| Peer median | 19.8× |
What the price to free cash flow tells you
Market value divided by free cash flow: the cash left after running the business and paying for equipment. Cash is harder to manage than accounting earnings, so many investors trust this more than PE.
Lumpy: a big year of building factories drops cash flow and inflates the ratio without the business getting worse.
More on Churchill Downs
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.