Clearfield, Inc. (CLFD) Financial Ratios
30 years of historical data (1996–2025) · Technology · Communication Equipment
EV/EBITDA
↑
49.34
↑+79% vs avg
5yr avg: 27.55
30Y Low6.4·High56.8
P/FCF
↓
16.97
↓-60% vs avg
5yr avg: 42.52
30Y Low13.0·High114.8
P/B Ratio
↓
1.65
↓-61% vs avg
5yr avg: 4.20
30Y Low0.5·High40.7
ROE
↓
-3.0%
↑-122% vs avg
5yr avg: 13.6%
30Y Low-78%·High39%
Debt/EBITDA
↑
1.06
↑+103% vs avg
5yr avg: 0.52
30Y Low0.0·High14.0
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
CLFD Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Clearfield, Inc. currently has a negative P/E ratio, indicating the company is operating at a loss on a trailing-twelve-month basis. On a free-cash-flow basis, the stock trades at 17.0x P/FCF, 60% below the 5-year average of 42.5x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $419M | $481M | $568M | $430M | $1.5B | $609M | $275M | $159M | $181M | $186M | $257M |
| Enterprise Value | $407M | $468M | $567M | $409M | $1.5B | $598M | $262M | $149M | $172M | $167M | $229M |
| P/E Ratio → | -52.21 | — | — | 13.21 | 29.48 | 30.03 | 38.06 | 34.85 | 42.03 | 48.57 | 31.86 |
| P/S Ratio | 2.79 | 3.20 | 4.52 | 1.91 | 5.37 | 4.32 | 2.96 | 1.87 | 2.33 | 2.51 | 3.41 |
| P/B Ratio | 1.65 | 1.88 | 2.06 | 1.37 | 9.86 | 5.86 | 3.33 | 2.13 | 2.63 | 2.88 | 4.10 |
| P/FCF | 16.97 | 19.47 | 44.89 | 37.01 | — | 68.71 | 56.74 | 13.04 | 53.89 | 43.44 | 25.88 |
| P/OCF | 14.24 | 16.33 | 25.56 | 21.50 | 1453.67 | 55.82 | 41.35 | 10.82 | 39.79 | 29.50 | 22.23 |
P/E links to full P/E history page with 30-year chart
CLFD EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Clearfield, Inc.'s enterprise value stands at 49.3x EBITDA, 79% above its 5-year average of 27.5x. The Technology sector median is 17.4x, placing the stock at a 184% 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 | — | 3.12 | 4.52 | 1.81 | 5.45 | 4.25 | 2.81 | 1.76 | 2.22 | 2.26 | 3.04 |
| EV / EBITDA | 49.34 | 56.83 | — | 9.70 | 21.94 | 21.71 | 24.20 | 20.27 | 24.22 | 24.12 | 18.79 |
| EV / EBIT | 191.95 | 54.02 | — | 9.56 | 23.00 | 23.23 | 28.57 | 25.19 | 34.00 | 31.49 | 21.02 |
| EV / FCF | — | 18.95 | 44.84 | 35.17 | — | 67.51 | 53.93 | 12.22 | 51.34 | 39.11 | 23.06 |
CLFD Profitability
Margins and return-on-capital ratios measuring operating efficiency
Clearfield, Inc. earns an operating margin of 1.4%. Operating margins have compressed from 16.6% to 1.4% over the past 3 years, signaling potential cost pressures or competitive headwinds. A negative ROE of -3.0% indicates the company is currently destroying shareholder equity. ROIC of 0.6% represents below-average returns on invested capital.
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 | 33.7% | 33.7% | 20.6% | 35.4% | 41.7% | 43.5% | 40.7% | 38.4% | 39.9% | 40.9% | 43.7% |
| Operating Margin | 1.4% | 1.4% | -15.3% | 16.6% | 23.6% | 17.9% | 9.0% | 6.1% | 6.5% | 7.2% | 14.3% |
| Net Profit Margin | -5.4% | -5.4% | -9.9% | 14.4% | 18.2% | 14.4% | 7.8% | 5.4% | 5.5% | 5.2% | 10.6% |
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 | -3.0% | -3.0% | -4.2% | 14.1% | 39.3% | 21.8% | 9.3% | 6.4% | 6.4% | 6.1% | 14.1% |
| ROA | -2.6% | -2.6% | -3.7% | 11.1% | 27.8% | 18.4% | 8.2% | 5.8% | 5.9% | 5.5% | 12.5% |
| ROIC | 0.6% | 0.6% | -5.1% | 12.2% | 36.7% | 23.3% | 9.4% | 6.2% | 7.2% | 9.9% | 23.7% |
| ROCE | 0.8% | 0.8% | -6.2% | 14.9% | 45.1% | 26.5% | 10.5% | 7.2% | 7.5% | 8.3% | 18.5% |
CLFD Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Clearfield, Inc. carries a Debt/EBITDA ratio of 1.1x, which is manageable (63% below the sector average of 2.9x). The company holds a net cash position — cash of $21M exceeds total debt of $9M, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.03 | 0.03 | 0.05 | 0.05 | 0.25 | 0.02 | 0.03 | — | — | — | — |
| Debt / EBITDA | 1.06 | 1.06 | — | 0.39 | 0.55 | 0.09 | 0.26 | — | — | — | — |
| Net Debt / Equity | — | -0.05 | -0.00 | -0.07 | 0.14 | -0.10 | -0.17 | -0.13 | -0.12 | -0.29 | -0.45 |
| Net Debt / EBITDA | -1.55 | -1.55 | — | -0.51 | 0.30 | -0.39 | -1.26 | -1.37 | -1.20 | -2.67 | -2.30 |
| Debt / FCF | — | -0.52 | -0.05 | -1.84 | — | -1.21 | -2.82 | -0.82 | -2.55 | -4.33 | -2.82 |
| Interest Coverage | — | — | — | 251.62 | 206.25 | — | — | — | — | — | — |
Net cash position: cash ($21M) exceeds total debt ($9M)
CLFD Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Clearfield, Inc.'s current ratio of 5.42x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The quick ratio of 4.27x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory. The current ratio has declined from 10.21x to 5.42x 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 | 5.42 | 5.42 | 9.43 | 10.21 | 3.10 | 3.49 | 5.04 | 6.43 | 8.25 | 9.70 | 6.96 |
| Quick Ratio | 4.27 | 4.27 | 7.12 | 6.83 | 1.51 | 2.15 | 3.66 | 5.07 | 6.23 | 7.70 | 5.82 |
| Cash Ratio | 2.90 | 2.90 | 5.30 | 5.80 | 0.43 | 1.15 | 2.60 | 3.57 | 3.51 | 5.77 | 4.57 |
| Asset Turnover | — | 0.49 | 0.40 | 0.63 | 1.18 | 1.12 | 0.98 | 1.04 | 1.05 | 1.06 | 1.07 |
| Inventory Turnover | 2.37 | 2.37 | 1.78 | 1.49 | 1.92 | 2.89 | 3.83 | 5.81 | 4.64 | 5.17 | 5.07 |
| Days Sales Outstanding | — | 43.74 | 40.24 | 45.91 | 72.36 | 50.41 | 41.16 | 39.14 | 60.27 | 35.72 | 38.78 |
CLFD Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Clearfield, Inc. returns 4.0% 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 | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
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 | — | — | — | 7.6% | 3.4% | 3.3% | 2.6% | 2.9% | 2.4% | 2.1% | 3.1% |
| FCF Yield | 5.9% | 5.1% | 2.2% | 2.7% | — | 1.5% | 1.8% | 7.7% | 1.9% | 2.3% | 3.9% |
| Buyback Yield | 4.0% | 3.5% | 6.0% | 0.1% | 0.1% | 0.1% | 0.2% | 0.0% | 1.0% | 2.0% | 0.1% |
| Total Shareholder Yield | 4.0% | 3.5% | 6.0% | 0.1% | 0.1% | 0.1% | 0.2% | 0.0% | 1.0% | 2.0% | 0.1% |
| Shares Outstanding | — | $14M | $15M | $15M | $14M | $14M | $14M | $13M | $13M | $14M | $14M |
Peer Comparison
Compare CLFD 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 |
|---|---|---|---|---|---|---|---|---|---|
 CLFDYou | $419M | -52.2 | 49.3 | 17.0 | 33.7% | 1.4% | -3.0% | 0.6% | 1.1 |
 CCOI | $831M | -4.4 | 21.4 | — | 17.5% | -10.6% | -229.1% | -3.1% | 17.6 |
 ADTN | $1B | -27.6 | 18.4 | 12.9 | 38.3% | -1.4% | -8.5% | -1.7% | 3.2 |
 CALX | $3B | 170.5 | 71.0 | 24.8 | 56.8% | 2.1% | 2.2% | 2.1% | 0.7 |
 COMM | $4B | -10.0 | 18.2 | 15.9 | 31.8% | 7.9% | — | 3.7% | 13.4 |
 VIAV | $12B | 353.3 | 93.8 | 197.8 | 56.8% | 6.5% | 4.8% | 5.5% | 5.2 |
 CIEN | $82B | 678.6 | 181.9 | 122.6 | 41.5% | 6.5% | 4.4% | 6.9% | 3.5 |
 LITE | $67B | 2552.1 | 907.4 | — | 28.0% | -10.9% | 2.5% | -4.3% | 34.0 |
 AAOI | $14B | -279.0 | — | — | 30.0% | -12.0% | -7.9% | -7.9% | — |
 CSCO | $363B | 35.9 | 26.2 | 27.3 | 64.9% | 20.8% | 22.1% | 13.0% | 2.0 |
 NTGR | $699M | -22.4 | — | — | 36.2% | -5.1% | -6.3% | -8.4% | — |
| Technology Median | — | 27.5 | 17.4 | 19.8 | 48.6% | -0.5% | 2.4% | 2.9% | 2.9 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Includes 30+ ratios · 30 years · Updated daily
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Start ComparisonCLFD — Frequently Asked Questions
Quick answers to the most common questions about buying CLFD stock.
What is Clearfield, Inc.'s P/E ratio?
Clearfield, Inc.'s current P/E ratio is -52.2x. The historical average is 28.3x.
What is Clearfield, Inc.'s EV/EBITDA?
Clearfield, Inc.'s current EV/EBITDA is 49.3x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 21.4x.
What is Clearfield, Inc.'s ROE?
Clearfield, Inc.'s return on equity (ROE) is -3.0%. The historical average is -1.3%.
Is CLFD stock overvalued?
Based on historical data, Clearfield, Inc. is trading at a P/E of -52.2x. Compare with industry peers and growth rates for a complete picture.
What are Clearfield, Inc.'s profit margins?
Clearfield, Inc. has 33.7% gross margin and 1.4% operating margin.
How much debt does Clearfield, Inc. have?
Clearfield, Inc.'s Debt/EBITDA ratio is 1.1x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.