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DraftKings generated $6.2 billion in revenue over the past twelve months, up from $5.4 billion a year earlier. During the same period, shares fell 40% through October 13, while the S&P 500 returned about 20%.
The stock trades at a multiple of revenue that is roughly half the 3.1 times multiple for the broader S&P 500.
Standard price-to-earnings ratios are not applicable because the company lost money over the past twelve months.
DraftKings revenue grew 28.0% annually on average over the past three years, compared to a 5.9% annual average for S&P 500 companies.
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