DraftKings (DraftKings) Book Value per Share : $1.75 (As of Mar. 2024)

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What is DraftKings Book Value per Share?

DraftKings's book value per share for the quarter that ended in Mar. 2024 was $1.75.

During the past 12 months, DraftKings's average Book Value Per Share Growth Rate was -20.80% per year. During the past 3 years, the average Book Value Per Share Growth Rate was -35.50% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the book value growth rate using book value per share data.

During the past 7 years, the highest 3-Year average Book Value Per Share Growth Rate of DraftKings was -35.50% per year. The lowest was -35.50% per year. And the median was -35.50% per year.

DraftKings's current price is $42.82. Its book value per share for the quarter that ended in Mar. 2024 was $1.75. Hence, today's PB Ratio of DraftKings is 24.52.

During the past 7 years, the highest P/B Ratio of DraftKings was 27.03. The lowest was 2.99. And the median was 8.68.

DraftKings Book Value per Share Historical Data

The historical data trend for DraftKings's Book Value per Share can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

DraftKings Book Value per Share Chart

DraftKings Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Book Value per Share

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-0.16

6.64

4.12

2.94

1.78

DraftKings Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Book Value per Share	Get a 7-Day Free Trial															2.21	2.20	1.72	1.78	1.75

Competitive Comparison of DraftKings's Book Value per Share

For the Gambling subindustry, DraftKings's PB Ratio, along with its competitors' market caps and PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

DraftKings's PB Ratio Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, DraftKings's PB Ratio distribution charts can be found below:

* The bar in red indicates where DraftKings's PB Ratio falls into.

DraftKings Book Value per Share Calculation

DraftKings's Book Value Per Share for the fiscal year that ended in Dec. 2023 is calculated as:

Book Value Per Share	=	(Total Stockholders Equity	-	Preferred Stock)	/	Shares Outstanding (EOP)
	=	(840	-	0)	/	473
	=	1.78

DraftKings's Book Value Per Share for the quarter that ended in Mar. 2024 is calculated as:

Book Value Per Share	=	(Total Stockholders Equity	-	Preferred Stock)	/	Shares Outstanding (EOP)
	=	(831	-	0)	/	476
	=	1.75

Theoretically it is what the shareholders will receive if the company is liquidated. Total Stockholders Equity is a balance sheet item and equal to Total Assets less Total Liabilities of the company.

Book value may include intangible items which may come from the company's past acquisitions. Book value less intangibles is called Tangible Book.

DraftKings (NAS:DKNG) Book Value per Share Explanation

Usually a company's book value and Tangible Book per Share may not reflect its true value. The assets may be carried on the balance sheets at the original cost minus depreciation. This may underestimate the true economic values of the assets. It also may over-estimate their true economic value because the assets can become obsolete.

For financial companies such as banks and insurance companies, their assets may be reported in current market value of the assets owned. Book values of financial companies are more accurate indicator of the economic value of the company.

DraftKings Book Value per Share Related Terms

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DraftKings (DraftKings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » DraftKings Inc (NAS:DKNG) » Definitions » Book Value per Share

Comparable Companies

Traded in Other Exchanges

DKNG:Mexico 8DEA:Germany D2KN34:Brazil

Address

222 Berkeley Street, 5th Floor, Boston, MA, USA, 02116

Website

https://www.draftkings.com

DraftKings got its start in 2012 as an innovator in daily fantasy sports. Then, following a Supreme Court ruling in 2018 that allowed states to legalize online sports wagering, the company expanded into online sports and casino gambling, where it generally holds the number two or three revenue share position across states in which it competes. DraftKings is now live with online sports betting in 21 states (44% of the U.S. population) and iGaming in five states (11% of U.S.), with both products available to around 40% of Canada's population. The company also operates a non-fungible token commissioned-based marketplace and develops and licenses online gaming products.

Executives

Jason Robins	director, officer: See Remarks	222 BERKELEY STREET, FLOOR 5, BOSTON MA 02116
Matthew Kalish	director, officer: See Remarks	222 BERKELEY STREET, FLOOR 5, BOSTON MA 02116
Paul Liberman	director, officer: See Remarks	222 BERKELEY STREET, FLOOR 5, BOSTON MA 02116
R Stanton Dodge	officer: Chief Legal Officer	ECHOSTAR CORPORATION, 100 INVERNESS TERRACE EAST, ENGLEWOOD CO 80112
Jason Park	officer: Chief Financial Officer	222 BERKELEY STREET, FLOOR 5, BOSTON MA 02116
Erik Bradbury	officer: Chief Accounting Officer	222 BERKELEY STREET, FLOOR 5, BOSTON MA 02116
Marni M Walden	director	1095 AVENUE OF THE AMERICAS, 8TH FLOOR, NEW YORK NY 10036
Shalom Meckenzie	director	222 BERKELEY STREET, FLOOR 5, BOSTON MA 02116
Ryan R Moore	director	56 WAREHAM STREET, 3RD FLOOR, BOSTON MA 02118
Jocelyn Moore	director	222 BERKELEY STREET, FLOOR 5, BOSTON MA 02116
Steven Joseph Murray	director	C/O SOFTBANK CAPITAL, 38 GLEN AVENUE, NEWTON MA 02459
Woodrow Levin	director	535 MISSION STREET, 11TH FLOOR, SAN FRANSISCO CA 941105
Harry Sloan	director	1450 2ND STREET, SUITE 247, SANTA MONICA CA 90401
Valerie Mosley	director	TWO INTERNATIONAL PLACE, BOSTON MA 02110
Hany M Nada	director	800 MARKET STREET #800 SAN FRANCISCO CA 94102