Latest Ratios: P/E Ratio -0.5x · EV/EBITDA N/A · ROE -148.3%. (2003–2025 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 | $4M | $3M | $27M | $58M | — | — | — | — | — | — | — |
| Enterprise Value | $6M | $5M | $32M | $61M | — | — | — | — | — | — | — |
| P/E Ratio → | -0.52 | — | — | — | — | — | — | — | — | — | — |
| P/S Ratio | 1.94 | 1.47 | 11.28 | 3.82 | — | — | — | — | — | — | — |
| P/B Ratio | 0.57 | 0.51 | 9.31 | 9.83 | — | — | — | — | — | — | — |
| 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 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 2.36 | 13.04 | 4.01 | — | — | — | — | — | — | — |
| EV / EBITDA | — | — | — | — | — | — | — | — | — | — | — |
| EV / EBIT | — | — | — | — | — | — | — | — | — | — | — |
| 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 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | -37.7% | -37.7% | 34.9% | 7.2% | 44.1% | 46.9% | 53.4% | 40.8% | 39.1% | 43.1% | 37.3% |
| Operating Margin | -118.4% | -118.4% | -128.4% | -17.6% | -37.2% | -120.9% | -69.4% | -82.4% | -114.5% | -125.7% | -62.4% |
| Net Profit Margin | -315.0% | -315.0% | -182.1% | -37.4% | 5.5% | 22.9% | -244.4% | -240.6% | -211.1% | -231.3% | -83.0% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -148.3% | -148.3% | -100.3% | -146.1% | 188.4% | — | — | — | — | — | — |
| ROA | -62.1% | -62.1% | -43.2% | -59.4% | 2.0% | 5.6% | -81.5% | -108.7% | -100.5% | -79.8% | -56.4% |
| ROIC | -25.0% | -25.0% | -29.1% | -26.6% | -14.5% | -67.2% | — | — | — | — | -255.3% |
| ROCE | -54.0% | -54.0% | -67.7% | -66.3% | -137.0% | — | — | — | — | — | — |
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 | 0.40 | 0.40 | 1.48 | 0.53 | 2.37 | — | — | — | — | — | — |
| Debt / EBITDA | — | — | — | — | — | — | — | — | — | — | — |
| Net Debt / Equity | — | 0.31 | 1.46 | 0.50 | 2.29 | — | — | — | — | — | — |
| Net Debt / EBITDA | — | — | — | — | — | — | — | — | — | — | — |
| Debt / FCF | — | — | — | — | — | — | — | — | — | — | — |
| Interest Coverage | -0.78 | -0.78 | -2.68 | -1.58 | 1.15 | 1.36 | -1.58 | -0.94 | -1.63 | -3.98 | -3.27 |
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 | 1.04 | 1.04 | 0.50 | 1.41 | 0.64 | 0.38 | 0.15 | 0.24 | 0.19 | 0.19 | 0.28 |
| Quick Ratio | 0.97 | 0.97 | 0.42 | 1.20 | 0.56 | 0.31 | 0.09 | 0.17 | 0.10 | 0.07 | 0.08 |
| Cash Ratio | 0.10 | 0.10 | 0.01 | 0.04 | 0.16 | 0.17 | 0.04 | 0.00 | 0.00 | 0.00 | 0.00 |
| Asset Turnover | — | 0.17 | 0.26 | 1.38 | 0.33 | 0.20 | 0.34 | 0.37 | 0.47 | 0.35 | 0.74 |
| Inventory Turnover | 6.33 | 6.33 | 3.18 | 14.38 | 2.97 | 1.49 | 1.17 | 1.51 | 1.14 | 0.64 | 1.40 |
| Days Sales Outstanding | — | 506.34 | 364.40 | 47.33 | 203.46 | 255.59 | 125.47 | 341.38 | 198.75 | 181.84 | 65.54 |
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 | 2.8% | 3.2% | 0.2% | — | — | — | — | — | — | — | — |
| 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 | — | — | — | — | — | — | — | — | — | — | — |
| FCF Yield | — | — | — | — | — | — | — | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | — | — | — | — | — | — | — |
| Total Shareholder Yield | 2.8% | 3.2% | 0.2% | 0.0% | — | — | — | — | — | — | — |
| Shares Outstanding | — | $4M | $3M | $3M | $2M | $2M | $1M | $1M | $922258 | $334267 | $237621 |
Liquidity and operational insolvency
Based on reported figures, CETY trades at a price-to-sales multiple of 1.94, a valuation that appears disconnected from the company's negative gross margins and contracting revenue base, suggesting that the market may be pricing in speculative recovery potential rather than current fundamental industrial performance.
The P/S ratio of 1.94 is difficult to justify given the company's inability to achieve gross profitability, implying that investors are assigning value to the technology's potential rather than its current cash-generating capacity. This valuation warrants caution, as it lacks the support of positive earnings or EBITDA, leaving the stock highly sensitive to any further delays in project execution.
According to recent financial statements, CETY's ROIC has remained consistently negative, reaching -2.4% in 2025Q4, which indicates that the company is failing to generate sufficient returns on its invested capital to cover the cost of its operations or provide value to shareholders.
The persistent negative ROIC trend suggests that the company's capital allocation strategy has been value-destructive, as the business model struggles to scale its Clean Cycle technology. Without a clear path to positive margins, the company appears to be consuming capital rather than compounding it, which is a significant concern for long-term institutional holders.
As reported in recent filings, CETY's cash conversion cycle has ballooned to 682 days in 2025Q4, a dramatic deterioration that highlights severe inefficiencies in managing inventory and collecting receivables compared to the company's historical performance and broader industrial sector standards.
The extreme length of the cash conversion cycle suggests that the company is struggling to convert its project-based revenue into actual cash, likely due to long lead times and potential payment delays from industrial clients. This inefficiency places immense pressure on the company's limited liquidity, as capital remains trapped in inventory and uncollected receivables for extended periods.
Based on the most recent quarterly data, CETY's current ratio of 1.04 and quick ratio of 0.97 indicate a precarious liquidity position, leaving the company with minimal buffer to absorb further operational losses or unexpected capital requirements without seeking external financing.
The company's reliance on a small cash balance of $602,461 to support its ongoing operations suggests that the business is in a vulnerable state, particularly given the persistent net losses. Investors should monitor the company's ability to manage its short-term obligations, as any further contraction in revenue could quickly lead to a liquidity crisis.
Analysts frequently misapply price-to-sales multiples to CETY, which obscures the company's underlying negative gross margins and the reality that each additional dollar of revenue may currently be contributing to further cash burn rather than enhancing shareholder value.
Using P/S as a primary valuation metric is misleading for a company with negative gross margins, as it ignores the fundamental cost-to-revenue misalignment. A more appropriate focus would be on the unit economics of the Clean Cycle systems and the company's ability to reach gross margin neutrality, which is the true indicator of whether the business model can eventually become self-sustaining.
Includes 30+ ratios · 23 years · Updated daily
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Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying CETY stock.
Clean Energy Technologies, Inc.'s current P/E ratio is -0.5x. This places it at the 50th percentile of its historical range.
Clean Energy Technologies, Inc.'s return on equity (ROE) is -148.3%. The historical average is -88.3%.
Based on historical data, Clean Energy Technologies, Inc. is trading at a P/E of -0.5x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Clean Energy Technologies, Inc.'s current dividend yield is 2.85%.
Clean Energy Technologies, Inc. has -37.7% gross margin and -118.4% operating margin.