Cango Inc. (CANG) Financial Ratios
10 years of historical data (2016–2025) · Consumer Cyclical · Auto - Dealerships
EV/EBITDA
↑
35.60
+10% vs avg
5yr avg: 32.46
30Y Low3.2·High32.5
P/FCF
N/A
—
5yr avg: 0.24
30Y Low0.2·High13.1
P/B Ratio
↑
0.21
↑+55% vs avg
5yr avg: 0.14
30Y Low0.1·High0.5
ROE
↓
-92.3%
↑-338% vs avg
5yr avg: -21.1%
30Y Low-92%·High49%
Debt/EBITDA
↑
31.37
↑+94% vs avg
5yr avg: 16.14
30Y Low0.4·High31.4
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
CANG Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Cango Inc. currently has a negative P/E ratio, indicating the company is operating at a loss on a trailing-twelve-month basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $121M | $425M | $1.0B | $248M | $359M | $910M | $2.1B | $2.8B | $2.2B | — | — |
| Enterprise Value | $657M | $4.1B | $-94745023 | $-682152854 | $1.1B | $1.5B | $3.3B | $3.4B | $917M | — | — |
| P/E Ratio → | -0.19 | — | 3.38 | — | — | — | 0.63 | 7.05 | 7.35 | — | — |
| P/S Ratio | 0.17 | 0.09 | 1.27 | 0.15 | 0.18 | 0.23 | 1.04 | 1.93 | 2.04 | — | — |
| P/B Ratio | 0.21 | 0.15 | 0.25 | 0.06 | 0.08 | 0.13 | 0.25 | 0.51 | 0.42 | — | — |
| P/FCF | — | — | — | 0.24 | — | — | — | 7.31 | 13.09 | — | — |
| P/OCF | — | — | — | 0.24 | — | — | — | 6.57 | 12.07 | — | — |
P/E links to full P/E history page with 30-year chart
CANG EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Cango Inc.'s enterprise value stands at 35.6x EBITDA, 10% above its 5-year average of 32.5x. The Consumer Cyclical sector median is 12.2x, placing the stock at a 192% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.84 | -0.12 | -0.40 | 0.53 | 0.38 | 1.59 | 2.35 | 0.84 | — | — |
| EV / EBITDA | 35.60 | 32.46 | -0.51 | — | — | — | 9.96 | 10.13 | 3.23 | — | — |
| EV / EBIT | — | — | -0.54 | -11.43 | — | 17.96 | 10.18 | 6.74 | 2.21 | — | — |
| EV / FCF | — | — | — | -0.67 | — | — | — | 8.90 | 5.38 | — | — |
CANG Profitability
Margins and return-on-capital ratios measuring operating efficiency
Cango Inc. earns an operating margin of -14.4%, below the Consumer Cyclical sector average of 2.0%. Operating margins have compressed from -4.3% to -14.4% over the past 3 years, signaling potential cost pressures or competitive headwinds. A negative ROE of -92.3% indicates the company is currently destroying shareholder equity.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | -29.8% | -29.8% | 55.3% | 11.2% | 7.6% | 24.6% | 46.5% | 58.6% | 60.2% | 63.3% | 60.8% |
| Operating Margin | -14.4% | -14.4% | 22.2% | -4.3% | -47.8% | -0.6% | 15.5% | 22.5% | 25.4% | 44.7% | 42.5% |
| Net Profit Margin | -65.8% | -65.8% | 37.3% | -2.2% | -56.1% | -0.2% | 164.2% | 27.1% | 27.7% | 32.4% | 29.7% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -92.3% | -92.3% | 7.6% | -0.9% | -19.6% | -0.1% | 48.6% | 7.3% | 23.5% | — | — |
| ROA | -45.6% | -45.6% | 5.6% | -0.6% | -12.4% | -0.1% | 32.3% | 4.9% | 6.5% | 25.2% | 18.0% |
| ROIC | -11.1% | -11.1% | 4.6% | -1.4% | -11.3% | -0.2% | 3.1% | 4.8% | 65.6% | — | — |
| ROCE | -11.5% | -11.5% | 4.5% | -1.8% | -15.8% | -0.3% | 4.1% | 5.6% | 7.7% | 49.5% | 43.1% |
CANG Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Cango Inc. carries a Debt/EBITDA ratio of 31.4x, which is highly leveraged (557% above the sector average of 4.8x). Net debt stands at $3.6B ($3.9B total debt minus $288M cash).
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.41 | 1.41 | 0.04 | 0.02 | 0.25 | 0.29 | 0.31 | 0.47 | 0.30 | — | — |
| Debt / EBITDA | 31.37 | 31.37 | 0.91 | — | — | — | 7.83 | 7.80 | 5.64 | 0.37 | 1.02 |
| Net Debt / Equity | — | 1.31 | -0.27 | -0.24 | 0.16 | 0.08 | 0.14 | 0.11 | -0.25 | — | — |
| Net Debt / EBITDA | 29.06 | 29.06 | -6.04 | — | — | — | 3.47 | 1.81 | -4.62 | -1.33 | 0.78 |
| Debt / FCF | — | — | — | -0.91 | — | — | — | 1.59 | -7.71 | -1.08 | 1.80 |
| Interest Coverage | -21.64 | -21.64 | 267.35 | 14.56 | -38.51 | 5.69 | 116.20 | 37.25 | 21.83 | 37.05 | 411.73 |
CANG Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Cango Inc.'s current ratio of 1231.69x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The current ratio has improved from 4.99x to 1231.69x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1231.69 | 1231.69 | 1.88 | 4.99 | 2.16 | 2.23 | 3.62 | 1.90 | 3.04 | 2.11 | 1.05 |
| Quick Ratio | 1231.69 | 1231.69 | 1.88 | 4.99 | 2.16 | 2.21 | 3.62 | 1.57 | 2.85 | 1.97 | 1.02 |
| Cash Ratio | 71.86 | 71.86 | 1.37 | 2.13 | 0.92 | 1.18 | 2.35 | 0.89 | 2.03 | 1.64 | 0.53 |
| Asset Turnover | — | 0.61 | 0.13 | 0.37 | 0.28 | 0.36 | 0.17 | 0.16 | 0.15 | 0.53 | 0.61 |
| Inventory Turnover | — | — | — | — | — | 48.26 | 113.29 | 0.56 | 1.45 | 5.34 | 20.00 |
| Days Sales Outstanding | — | 353.13 | 48.61 | 99.81 | 289.65 | 230.19 | 452.87 | 471.18 | 406.61 | 30.04 | 116.85 |
CANG Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Cango Inc. returns 1.1% to shareholders annually primarily through share buybacks.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | 100.0% | 88.8% | 12.6% | 7.9% | 1.2% | — | — |
| Payout Ratio | — | — | — | — | — | — | 7.9% | 56.1% | 8.9% | — | 0.8% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | 29.5% | — | — | — | 158.6% | 14.2% | 13.6% | — | — |
| FCF Yield | — | — | — | 413.2% | — | — | — | 13.7% | 7.6% | — | — |
| Buyback Yield | 1.1% | 2.1% | 8.9% | 99.6% | 29.5% | 48.8% | 2.3% | 0.7% | 0.0% | — | — |
| Total Shareholder Yield | 1.1% | 2.1% | 8.9% | 99.6% | 100.0% | 100.0% | 14.9% | 8.6% | 1.2% | — | — |
| Shares Outstanding | — | $283M | $466M | $486M | $548M | $580M | $608M | $607M | $562M | $506M | $506M |
Peer Comparison
Compare CANG with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 CANGYou | $121M | -0.2 | 35.6 | — | -29.8% | -14.4% | -92.3% | -11.1% | 31.4 |
 AUTL | $402M | -1.4 | — | — | -27.8% | -372.4% | -95.2% | -62.3% | — |
 CAAS | $135M | 3.1 | 2.7 | 1.9 | 19.0% | 7.8% | 10.2% | 8.8% | 2.8 |
 UXIN | $422M | -10.3 | — | — | 6.7% | -7.2% | -213.5% | -9.7% | — |
 CPNG | $32B | 163.6 | 44.8 | 61.9 | 29.4% | 1.4% | 4.8% | 14.5% | 6.8 |
 LPSN | $24M | -0.2 | — | — | 71.5% | -9.6% | — | -6.6% | — |
 TREE | $541M | 3.6 | 8.6 | 8.9 | 94.3% | 7.3% | 76.5% | 9.0% | 4.2 |
 OPEN | $3B | -2.6 | — | 3.3 | 7.0% | -6.2% | -151.3% | -15.8% | — |
 CARS | $556M | 31.1 | 6.4 | 3.8 | 83.0% | 8.3% | 4.1% | 5.0% | 3.1 |
 KAR | $3B | 16.7 | 14.6 | 8.7 | 46.2% | 10.2% | 12.3% | 6.9% | 4.9 |
 BIDU | $38B | 64.3 | 39.3 | — | 43.9% | -4.5% | 1.9% | -1.2% | 11.6 |
| Consumer Cyclical Median | — | 21.2 | 12.2 | 15.6 | 36.2% | 2.0% | 5.3% | 5.2% | 4.8 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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CANG — Frequently Asked Questions
Quick answers to the most common questions about buying CANG stock.
What is Cango Inc.'s P/E ratio?
Cango Inc.'s current P/E ratio is -0.2x. The historical average is 4.6x.
What is Cango Inc.'s EV/EBITDA?
Cango Inc.'s current EV/EBITDA is 35.6x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 13.9x.
What is Cango Inc.'s ROE?
Cango Inc.'s return on equity (ROE) is -92.3%. The historical average is -3.2%.
Is CANG stock overvalued?
Based on historical data, Cango Inc. is trading at a P/E of -0.2x. Compare with industry peers and growth rates for a complete picture.
What are Cango Inc.'s profit margins?
Cango Inc. has -29.8% gross margin and -14.4% operating margin.
How much debt does Cango Inc. have?
Cango Inc.'s Debt/EBITDA ratio is 31.4x, indicating high leverage. A ratio above 4x may signal elevated financial risk.