Latest Ratios: P/E Ratio 123.6x · EV/EBITDA 77.6x · ROE 39.3%. (2022–2024 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Market Cap | $153M | — | — | — |
| Enterprise Value | $152M | — | — | — |
| P/E Ratio → | 123.62 | — | — | — |
| P/S Ratio | 22.30 | — | — | — |
| P/B Ratio | 40.05 | — | — | — |
| P/FCF | — | — | — | — |
| P/OCF | — | — | — | — |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| EV / Revenue | — | — | — | — |
| EV / EBITDA | 77.61 | — | — | — |
| EV / EBIT | 85.94 | — | — | — |
| EV / FCF | — | — | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Gross Margin | 33.1% | 33.1% | 87.0% | 74.6% |
| Operating Margin | 25.9% | 25.9% | 39.1% | 65.1% |
| Net Profit Margin | 17.1% | 17.1% | 2.7% | 2.3% |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ROE | 39.3% | 39.3% | 4.7% | 4.7% |
| ROA | 8.7% | 8.7% | 0.9% | 0.9% |
| ROIC | 42.7% | 42.7% | 47.4% | 89.6% |
| ROCE | 49.1% | 49.1% | 64.7% | 127.6% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Debt / Equity | 0.04 | 0.04 | 0.05 | 0.12 |
| Debt / EBITDA | 0.06 | 0.06 | 0.07 | 0.08 |
| Net Debt / Equity | — | -0.12 | -0.40 | -0.36 |
| Net Debt / EBITDA | -0.21 | -0.21 | -0.52 | -0.25 |
| Debt / FCF | — | — | -2.60 | -2.31 |
| Interest Coverage | 21.24 | 21.24 | 18.00 | 8.85 |
Net cash position: cash ($4M) exceeds total debt ($993000)
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Current Ratio | 1.50 | 1.50 | 1.32 | 1.19 |
| Quick Ratio | 1.50 | 1.50 | 1.32 | 1.19 |
| Cash Ratio | 0.06 | 0.06 | 0.11 | 0.11 |
| Asset Turnover | — | 0.49 | 0.32 | 0.37 |
| Inventory Turnover | — | — | — | — |
| Days Sales Outstanding | — | — | — | — |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Dividend Yield | 0.6% | — | — | — |
| Payout Ratio | 69.8% | 69.8% | — | — |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Earnings Yield | 0.8% | — | — | — |
| FCF Yield | — | — | — | — |
| Buyback Yield | 0.0% | — | — | — |
| Total Shareholder Yield | 0.6% | — | — | — |
| Shares Outstanding | — | $24M | $24M | $25M |
Inventory Liquidity and Valuation
Based on current market data, BMHL trades at a P/E of 123.81 and an EV/EBITDA of 77.73, suggesting that investors are pricing in significant future growth that may be difficult to sustain given the recent volatility in the firm's core luxury timepiece trading segment.
The elevated P/E ratio appears to reflect a market premium for the company's unique hybrid business model, yet it leaves little room for error if the secondary watch market softens further. Investors should monitor whether this valuation is supported by long-term advisory fee growth or if it is merely a byproduct of temporary transactional spikes in the commodities arm.
As reported in financial statements, BMHL's gross margin has contracted significantly to 30.1% in 2025Q2 from 84.2% in 2023Q4, indicating that the firm's recent revenue expansion is increasingly reliant on lower-margin luxury inventory trading rather than high-margin financial services.
While the 25.2% operating margin remains resilient, the sharp decline in gross profitability suggests that the firm's earning power is becoming more sensitive to the cost of goods sold. This shift warrants investigation into whether the company can maintain its net margin of 49.1% if inventory turnover rates begin to decelerate.
According to recent quarterly filings, BMHL's ROIC has fluctuated from 25.2% in 2023Q4 to 9.7% in 2025Q2, suggesting that the company's ability to compound returns on invested capital is currently being challenged by the massive working capital requirements of its luxury commodities business.
The decline in ROIC appears to be a direct consequence of the firm's aggressive inventory accumulation, which has outpaced the growth in operating income. Analysts should assess whether this capital deployment is a strategic investment in market share or a sign of diminishing returns on the firm's core asset base.
Based on the provided financial data, BMHL's asset turnover has remained low at 0.30 in 2025Q2, highlighting that the firm's heavy investment in luxury inventory is not yet translating into a proportional increase in revenue generation efficiency compared to its historical performance.
The increase in DSO to 88 days suggests that the company may be extending more generous credit terms to its clients to move inventory, which could increase counterparty risk. This trend warrants further investigation into the firm's collection cycles and the overall liquidity of its timepiece holdings.
The P/E ratio is frequently misapplied to BMHL because it fails to account for the massive working capital outflows inherent in the firm's luxury trading model, which can lead to a significant divergence between reported net income and actual cash generation.
Investors should prioritize the use of Price-to-Free-Cash-Flow or adjusted EBITDA metrics, as the P/E ratio ignores the non-cash nature of inventory accumulation that currently inflates the firm's bottom line. Relying on earnings multiples alone may lead to an overestimation of the company's true financial health and its ability to fund future operations.
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Quick answers to the most common questions about buying BMHL stock.
Bluemount Holdings Limited's current P/E ratio is 123.6x. This places it at the 50th percentile of its historical range.
Bluemount Holdings Limited's current EV/EBITDA is 77.6x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA.
Bluemount Holdings Limited's return on equity (ROE) is 39.3%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 16.2%.
Based on historical data, Bluemount Holdings Limited is trading at a P/E of 123.6x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Bluemount Holdings Limited's current dividend yield is 0.57% with a payout ratio of 69.8%.
Bluemount Holdings Limited has 33.1% gross margin and 25.9% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
Bluemount Holdings Limited's Debt/EBITDA ratio is 0.1x, indicating low leverage. A ratio below 2x is generally considered financially healthy.