Valuation
26% of the score
57median 56
Netflix is valued at 22.5x its operating profit before acquisition amortisation (EBITA), including debt: a rich multiple.
60x
50x
35x
25x
18x
12x
8x
22.5x
Full points at 8x or less, none from 60xfull points
NFLXNetflix
$69.23-44% 1Y
$69.23
$67.5752 weeks$126.32
RyuScore
Seven criteria, each scored 0 to 100 on a published scale, weighted into one number.
RyuScore 74 out of 100, Above average
Today's price. Only valuation depends on it.
Above average. Netflix scores higher than 82% of the 1,794 companies Ryufin scores.
Carried by return on capital and return on new capital, held back by cycle position.
Communication Services median 60 · all companies 57
How the score has moved
At each fiscal year end, from the reports and price of the time44
49
63
63
62
68
74
202020212022202320242025today
The biggest move was up 14 points from 2021 to 2022, mostly valuation.
Return on capital
18% of the score
92median 34
Over 7 years the business earned 21% a year after tax on the capital it uses.
2%
8%
15%
25%
21%
None at 2% or less, full points from 25%full points
7 years agolatest 32%
Return on new capital
16% of the score
100median 49
For every dollar of operating profit earned over 6 years, yearly profit grew by 15 cents. New capital earned 66%, and 23% of profit went back into the business.
-5%
12%
15%
None at minus 5 cents, full points from 12 centsfull points
Capital allocation
14% of the score
84median 64
How management spends the money: shares bought back or issued, and whether assets grow faster than the business they serve.
Share countDown 0.9% a year over 5 years: buybacks
745%
-3%
-0.9%
0 pointsfull points
Assets against salesAssets grew 7.2% a year, sales 13%
10012%
-2%
-5.4%
0 pointsfull points
Cycle position
12% of the score
24median 62
Today's operating margin of 30% is 1.53x its normal 19%: near a peak, where margins tend to fall back. Normal is half the 10 year median, half the last four years, so a margin that has held is not taken for a peak.
2x
1.5x
1x
0.7x
1.5x
A trough earns points, a peak costs themfull points
10 years agonow 30%
Balance sheet
8% of the score
100median 50
What the debt weighs against the profit that has to carry it.
Net debt to EBITDA0.3x a year of EBITDA
1004.5x
0.5x
0.3x
0 pointsfull points
Interest coverOperating profit covers interest 17x
1001.5x
12x
16.9x
0 pointsfull points
Earnings quality
6% of the score
61median 90
Whether the reported profit arrives as cash, and whether the accounts show the usual signs of stretching.
Cash against profitOperating cash flow was 0.99x profit over 3 years
580.7x
1x
1.3x
1x
0 pointsfull points
AccrualsProfit ran ahead of cash by 1.5% of assets
498%
0%
-8%
1.5%
0 pointsfull points
Beneish M-score-2.52
75-1.50
-1.78
-2.22
-3.00
-2.52
0 pointsfull points
How the RyuScore works
Each criterion earns 0 to 100 points on the scale drawn under it, and the RyuScore is their average weighted 26, 18, 16, 14, 12, 8 and 6. Scales bend in the company's favour between their ends, so an ordinary figure is never already near zero. Where a criterion cannot be measured from the filings it is taken out and the remaining weights scale up; a company needs 60% of the weight covered, and always a price, to get a score.
Built from the company's annual and quarterly filings with the SEC and today's share price. Banks, insurers and property trusts are not scored: their debt is their raw material, so these yardsticks mean something else there. Figures as of 2026-06-30, latest annual report FY2025.
Entertainment
The closest names by size in the same industry