Topgolf Callaway Brands Corp
NYSE:CALY

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Topgolf Callaway Brands Corp Logo
Topgolf Callaway Brands Corp
NYSE:CALY
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Price: 15.2 USD 5.92% Market Closed
Market Cap: $2.8B

EV/EBITDA

9
Current
3%
More Expensive
vs 3-y average of 8.8

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
9
=
Enterprise Value
$4.4B
/
EBITDA
$489.8m

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
9
=
Enterprise Value
$4.4B
/
EBITDA
$489.8m

Valuation Scenarios

Topgolf Callaway Brands Corp is trading above its 3-year average

If EV/EBITDA returns to its 3-Year Average (8.8), the stock would be worth $14.79 (3% downside from current price).

Statistics
Positive Scenarios
3/4
Maximum Downside
-3%
Maximum Upside
+59%
Average Upside
30%
Scenario EV/EBITDA Value Implied Price Upside/Downside
Current Multiple 9 $15.2
0%
3-Year Average 8.8 $14.79
-3%
5-Year Average 11 $18.5
+22%
Industry Average 12.9 $21.83
+44%
Country Average 14.4 $24.21
+59%

Forward EV/EBITDA
Today’s price vs future ebitda

Today's Enterprise Value EBITDA Forward EV/EBITDA
$4.4B
/
Oct 2025
$489.8m
=
9
Current
$4.4B
/
Dec 2025
$461.9m
=
9.6
Forward
$4.4B
/
Dec 2026
$457.4m
=
9.7
Forward
$4.4B
/
Dec 2027
$432.2m
=
10.2
Forward

Forward EV/EBITDA shows whether today’s EV/EBITDA still looks high or low once future ebitda are taken into account.

Peer Comparison

All Multiples
EV/EBITDA
P/E
All Countries
Close
Market Cap EV/EBITDA P/E
US
Topgolf Callaway Brands Corp
NYSE:CALY
2.5B USD 9 -1.6
JP
Bandai Namco Holdings Inc
TSE:7832
2.4T JPY 10.1 21.1
US
Hasbro Inc
NASDAQ:HAS
13.6B USD 12.6 -42.1
JP
Shimano Inc
TSE:7309
1.4T JPY 11.5 40.6
UK
Games Workshop Group PLC
LSE:GAW
6.4B GBP 19.5 30.7
CA
BRP Inc
TSX:DOO
8.9B CAD 10 19.4
CN
Zhejiang CFMoto Power Co Ltd
SSE:603129
41.5B CNY 17.6 24.7
US
Acushnet Holdings Corp
NYSE:GOLF
5.8B USD 18.5 30.6
US
Brunswick Corp
NYSE:BC
5.2B USD 11.1 -37.8
IT
Technogym SpA
MIL:TGYM
3.9B EUR 17.4 34.3
US
Mattel Inc
NASDAQ:MAT
4.4B USD 7 11.2
P/E Multiple
Earnings Growth PEG
US
Topgolf Callaway Brands Corp
NYSE:CALY
Average P/E: 26.6
Negative Multiple: -1.6
N/A N/A
JP
Bandai Namco Holdings Inc
TSE:7832
21.1
7%
3
US
Hasbro Inc
NASDAQ:HAS
Negative Multiple: -42.1 N/A N/A
JP
Shimano Inc
TSE:7309
40.6
32%
1.3
UK
Games Workshop Group PLC
LSE:GAW
30.7
5%
6.1
CA
BRP Inc
TSX:DOO
19.4
33%
0.6
CN
Zhejiang CFMoto Power Co Ltd
SSE:603129
24.7
N/A N/A
US
Acushnet Holdings Corp
NYSE:GOLF
30.6
12%
2.6
US
Brunswick Corp
NYSE:BC
Negative Multiple: -37.8 N/A N/A
IT
Technogym SpA
MIL:TGYM
34.3
13%
2.6
US
Mattel Inc
NASDAQ:MAT
11.2
11%
1

Market Distribution

Lower than 72% of companies in the United States of America
Percentile
28th
Based on 9 875 companies
28th percentile
9.7
Low
0 — 10
Typical Range
10 — 21.5
High
21.5 —
Distribution Statistics
the United States of America
Min 0
30th Percentile 10
Median 14.4
70th Percentile 21.5
Max 1 767 274.1

Topgolf Callaway Brands Corp
Glance View

Market Cap
2.8B USD
Industry
Leisure Products

In the ever-evolving nexus of sports and entertainment, Topgolf Callaway Brands Corp emerges as a dynamic player, seamlessly blending the allure of golf with a modern entertainment experience. Forged from the union of Callaway Golf, a stalwart name in golf equipment known for its innovative technology and premium products, and Topgolf, the interactive entertainment behemoth redefining how golf can be experienced, this corporation is a testament to strategic synergy. At its core, Topgolf Callaway seeks to provide a multifaceted experience, where alongside hitting microchipped golf balls into a range of targets, visitors indulge in a festive atmosphere enriched with food, beverages, and live music. Each location is a melting pot of technology and recreation, attracting both golf aficionados and casual participants alike, turning the outing into a social event beyond just playing a sport. From a financial perspective, Topgolf Callaway ingeniously leverages multiple revenue streams. Its revenue not only stems from traditional avenues such as golf equipment sales, driven by the legacy of Callaway's craftsmanship, but also through the lucrative business model Topgolf has personified—combining gameplay income, food and beverage sales, and corporate events. The company capitalizes on the growing trend of experiential entertainment, appealing to a broad demographic who seek unique experiences. This dual-pronged approach of physical products and interactive entertainment not only shields the company from the cyclicality typically associated with seasonal sporting goods but also positions it for growth in both the golfing domain and the broader leisure industry.

CALY Intrinsic Value
15.09 USD
Overvaluation 1%
Intrinsic Value
Price $15.2
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