Latest Ratios: P/E Ratio -14.6x · EV/EBITDA N/A · ROE -8.2%. (1996–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $129M | $75M | $85M | $94M | $88M | $137M | $314M | $45M | $10M | $34M | $25M |
| Enterprise Value | $159M | $104M | $108M | $125M | $99M | $145M | $317M | $79M | $48M | $67M | $48M |
| P/E Ratio → | -14.60 | — | 7.23 | — | — | 2.23 | — | — | — | — | — |
| P/S Ratio | 0.66 | 0.38 | 0.48 | 0.46 | 0.35 | 2.60 | 8.35 | 2.02 | 0.41 | 0.59 | 2.99 |
| P/B Ratio | 1.19 | 0.68 | 0.71 | 0.83 | 0.71 | 0.97 | 5.99 | 3.28 | 30.87 | 15.66 | 1.66 |
| P/FCF | 0.03 | 0.02 | 3.76 | 6.10 | 32.11 | — | — | — | 7.39 | — | — |
| P/OCF | 0.00 | 0.00 | 2.13 | 2.02 | 5.82 | — | — | — | 1.16 | 5.53 | — |
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 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.53 | 0.61 | 0.61 | 0.40 | 2.75 | 8.44 | 3.58 | 1.97 | 1.15 | 5.73 |
| EV / EBITDA | — | — | 6.02 | 40.47 | — | — | — | — | — | — | — |
| EV / EBIT | — | — | 11.24 | 113.13 | — | — | — | — | — | — | — |
| EV / FCF | — | 0.03 | 4.80 | 8.12 | 36.16 | — | — | — | 35.16 | — | — |
Margins and return-on-capital ratios measuring operating efficiency
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 | 9.4% | 9.4% | 23.7% | 15.5% | 7.3% | 9.7% | 7.2% | 2.8% | -13.5% | -17.5% | -24.4% |
| Operating Margin | -9.6% | -9.6% | 5.0% | -3.5% | -4.6% | -22.2% | -22.6% | -45.5% | -55.0% | -34.6% | -146.4% |
| Net Profit Margin | -4.8% | -4.8% | 6.7% | -1.2% | -3.8% | 116.7% | -20.8% | -48.5% | -8.0% | -36.8% | -151.9% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -8.2% | -8.2% | 10.1% | -2.1% | -7.1% | 63.6% | -23.6% | -154.0% | -154.0% | -248.4% | -69.2% |
| ROA | -2.6% | -2.6% | 4.0% | -0.9% | -3.7% | 30.3% | -6.6% | -9.6% | -1.4% | -17.4% | -16.2% |
| ROIC | -9.9% | -9.9% | 4.6% | -3.9% | -6.1% | -8.6% | -12.2% | -17.5% | -27.6% | -41.7% | -28.0% |
| ROCE | -14.5% | -14.5% | 7.0% | -5.7% | -8.2% | -10.7% | -16.1% | -28.3% | -37.9% | -49.3% | -32.9% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.34 | 0.34 | 0.25 | 0.31 | 0.14 | 0.11 | 0.29 | 2.66 | 117.39 | 15.54 | 1.65 |
| Debt / EBITDA | — | — | 1.68 | 11.59 | — | — | — | — | — | — | — |
| Net Debt / Equity | — | 0.27 | 0.20 | 0.27 | 0.09 | 0.06 | 0.06 | 2.54 | 116.02 | 14.79 | 1.52 |
| Net Debt / EBITDA | — | — | 1.30 | 10.08 | — | — | — | — | — | — | — |
| Debt / FCF | — | 0.01 | 1.04 | 2.02 | 4.05 | — | — | — | 27.77 | — | — |
| Interest Coverage | — | — | — | — | — | — | -4.61 | -6.84 | -1.35 | -86.62 | -91.01 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.60 | 0.60 | 0.82 | 0.80 | 1.12 | 1.09 | 0.86 | 0.48 | 0.61 | 0.73 | 0.68 |
| Quick Ratio | 0.43 | 0.43 | 0.69 | 0.59 | 0.68 | 0.82 | 0.79 | 0.34 | 0.50 | 0.65 | 0.33 |
| Cash Ratio | 0.03 | 0.03 | 0.06 | 0.03 | 0.06 | 0.07 | 0.16 | 0.03 | 0.00 | 0.01 | 0.04 |
| Asset Turnover | — | 0.46 | 0.58 | 0.73 | 1.02 | 0.20 | 0.26 | 0.23 | 0.19 | 0.38 | 0.09 |
| Inventory Turnover | 3.49 | 3.49 | 5.90 | 5.17 | 4.66 | 1.58 | 6.63 | 2.49 | 2.88 | 6.97 | 0.63 |
| Days Sales Outstanding | — | 95.97 | 92.73 | 60.66 | 55.59 | 415.93 | 289.61 | 130.78 | 233.20 | 397.26 | 375.61 |
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 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | 13.8% | — | — | 44.9% | — | — | — | — | — |
| FCF Yield | 100.0% | 5235.2% | 26.6% | 16.4% | 3.1% | — | — | — | 13.5% | — | — |
| Buyback Yield | 1.2% | 2.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 1.2% | 2.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Shares Outstanding | — | $89M | $90M | $89M | $89M | $88M | $62M | $39M | $27M | $23M | $18M |
Includes 30+ ratios · 28 years · Updated daily
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Quick answers to the most common questions about buying CBAT stock.
CBAK Energy Technology, Inc.'s current P/E ratio is -14.6x. The historical average is 8.3x.
CBAK Energy Technology, Inc.'s return on equity (ROE) is -8.2%. The historical average is -48.3%.
Based on historical data, CBAK Energy Technology, Inc. is trading at a P/E of -14.6x. Compare with industry peers and growth rates for a complete picture.
CBAK Energy Technology, Inc. has 9.4% gross margin and -9.6% operating margin.
Key Metrics
Top Statement Risk
Structural liquidity and solvency
Metrics are mathematically derived from official filings.
Market Skepticism Reflects Operational Hurdles
Based on reported figures, CBAT trades at a P/S ratio of 0.27, which suggests that the market assigns a significant discount to the company's revenue base compared to broader industrial peers, likely reflecting deep-seated skepticism regarding the firm's ability to achieve sustainable profitability in a hyper-competitive market.
The negative P/E ratio and lack of meaningful EV/EBITDA metrics underscore that the company is currently valued as a distressed asset rather than a growth-oriented technology firm. Investors appear to be pricing in a high probability of continued capital dilution, as the current valuation fails to account for any premium associated with the company's niche cylindrical battery technology.
Persistent Decay in Capital Returns
According to recent financial statements, the company's ROIC has trended into negative territory, falling to -0.0% in 2026Q1 from a peak of 5.1% in 2024Q1, indicating that the firm is currently destroying shareholder value rather than compounding it through its heavy investment in manufacturing infrastructure.
The inability to generate positive returns on invested capital suggests that the company's capital allocation strategy is failing to overcome the structural headwinds of low pricing power and high fixed-cost absorption. This trend warrants close monitoring, as it implies that every dollar of additional capital deployed into the Dalian and Nanjing facilities is currently yielding negative economic value.
Working Capital Management Remains Erratic
As reported in quarterly filings, the cash conversion cycle has experienced extreme volatility, reaching 33,145 days in 2026Q1, which highlights a severe breakdown in operational efficiency and suggests that the company is struggling to manage its inventory and receivables effectively within the Chinese supply chain.
The massive spike in days inventory outstanding indicates that the company may be holding obsolete battery stock that is failing to move in a saturated market. This inefficiency forces a reliance on external financing or cash reserves to bridge the gap between production and actual cash collection, further straining the firm's liquidity position.
Liquidity Constraints Threaten Operational Continuity
Based on the company's reported figures, the current ratio has deteriorated to 0.65 as of 2026Q1, signaling a precarious liquidity position where current assets are insufficient to cover short-term obligations, thereby increasing the risk of a potential solvency crisis if working capital needs continue to escalate.
The quick ratio of 0.44 further confirms that the company lacks the liquid assets necessary to satisfy immediate liabilities without relying on the liquidation of potentially slow-moving inventory. This vulnerability suggests that the company may be forced to seek dilutive financing or government support to maintain its day-to-day operations in the near term.
Misapplication of Revenue Growth Metrics
Investors frequently misapply top-line revenue growth as a proxy for business health, yet as evidenced by the company's reported figures, this metric obscures the underlying reality of negative operating margins and the lack of pricing power inherent in the firm's current B2B transactional business model.
Focusing on revenue growth ignores the fact that the company is effectively buying market share at the expense of profitability, as evidenced by the collapse in gross margins. A more appropriate metric for this business model would be the contribution margin per unit or the cash-flow-to-revenue ratio, which would better reveal the true economic viability of the company's battery production.