Take-Two Interactive Software Inc., FCFE calculation

US$ in thousands

12 months ended:	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Net income (loss)	(4,478,900)	(3,744,200)	(1,124,700)	418,022)	588,886)	404,459)
Net noncash charges	5,677,500)	4,615,200)	1,981,600)	521,629)	348,396)	521,049)
Changes in assets and liabilities, net of effect from purchases of businesses	(1,243,800)	(887,100)	(855,800)	(681,667)	(24,964)	(239,830)
Net cash provided by (used in) operating activities	(45,200)	(16,100)	1,100)	257,984)	912,318)	685,678)
Purchases of fixed assets	(169,400)	(141,700)	(204,200)	(158,642)	(68,923)	(53,384)
Cost of debt	(5,400)	(10,300)	(22,400)	(12,150)	—)	—)
Repayment of debt	—)	(1,339,600)	(200,000)	(234)	—)	—)
Payment for settlement of convertible notes	(8,300)	—)	(1,166,800)	—)	—)	—)
Proceeds from issuance of debt	598,900)	1,348,900)	3,248,900)	—)	—)	—)
Free cash flow to equity (FCFE)	370,600)	(158,800)	1,656,600)	86,958)	843,395)	632,294)

Based on: 10-K (reporting date: 2025-03-31), 10-K (reporting date: 2024-03-31), 10-K (reporting date: 2023-03-31), 10-K (reporting date: 2022-03-31), 10-K (reporting date: 2021-03-31), 10-K (reporting date: 2020-03-31).

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Item	Description	The company
FCFE	Free cash flow to equity is the cash flow available to Take-Two Interactive Software Inc. equity holders after all operating expenses, interest, and principal payments have been paid and necessary investments in working and fixed capital have been made.	Take-Two Interactive Software Inc. FCFE decreased from 2023 to 2024 but then slightly increased from 2024 to 2025.

Take-Two Interactive Software Inc., current P/FCFE calculation, comparison to benchmarks

No. shares of common stock outstanding	177,424,908
Selected Financial Data (US$)
Free cash flow to equity (FCFE) (in thousands)	370,600)
FCFE per share	2.09
Current share price (P)	234.46
Valuation Ratio
P/FCFE	112.25
Benchmarks
P/FCFE, Competitors¹
Alphabet Inc.	29.16
Comcast Corp.	8.64
Meta Platforms Inc.	27.88
Netflix Inc.	62.19
Walt Disney Co.	29.78
P/FCFE, Sector
Media & Entertainment	28.75
P/FCFE, Industry
Communication Services	27.34

Based on: 10-K (reporting date: 2025-03-31).

¹ Click competitor name to see calculations.

If the company P/FCFE is lower then the P/FCFE of benchmark then company is relatively undervalued.
Otherwise, if the company P/FCFE is higher then the P/FCFE of benchmark then company is relatively overvalued.

Take-Two Interactive Software Inc., historical P/FCFE calculation, comparison to benchmarks

	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
No. shares of common stock outstanding¹	177,424,908	171,385,386	169,333,577	115,808,814	115,656,093	113,942,760
Selected Financial Data (US$)
Free cash flow to equity (FCFE) (in thousands)²	370,600)	(158,800)	1,656,600)	86,958)	843,395)	632,294)
FCFE per share³	2.09	-0.93	9.78	0.75	7.29	5.55
Share price^1, 4	237.50	150.61	138.98	123.08	179.35	140.51
Valuation Ratio
P/FCFE⁵	113.70	—	14.21	163.92	24.59	25.32
Benchmarks
P/FCFE, Competitors⁶
Alphabet Inc.	—	31.99	25.65	22.91	29.75	26.58
Comcast Corp.	—	8.35	12.89	12.26	27.57	18.17
Meta Platforms Inc.	—	27.83	23.53	17.26	16.84	32.77
Netflix Inc.	—	49.99	35.64	176.91	—	81.38
Walt Disney Co.	—	27.60	55.51	—	—	18.20
P/FCFE, Sector
Media & Entertainment	—	29.17	24.63	23.80	29.73	27.23
P/FCFE, Industry
Communication Services	—	27.55	21.90	31.95	26.51	20.53

Based on: 10-K (reporting date: 2025-03-31), 10-K (reporting date: 2024-03-31), 10-K (reporting date: 2023-03-31), 10-K (reporting date: 2022-03-31), 10-K (reporting date: 2021-03-31), 10-K (reporting date: 2020-03-31).

¹ Data adjusted for splits and stock dividends.

² See details »

³ 2025 Calculation
FCFE per share = FCFE ÷ No. shares of common stock outstanding
= 370,600,000 ÷ 177,424,908 = 2.09

⁴ Closing price as at the filing date of Take-Two Interactive Software Inc. Annual Report.

⁵ 2025 Calculation
P/FCFE = Share price ÷ FCFE per share
= 237.50 ÷ 2.09 = 113.70

⁶ Click competitor name to see calculations.

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Take-Two Interactive Software Inc. (NASDAQ:TTWO)

Price to FCFE (P/FCFE)

Free Cash Flow to Equity (FCFE)

Price to FCFE Ratio, Current

Price to FCFE Ratio, Historical