Latest Ratios: P/E Ratio 72.9x · EV/EBITDA N/A · ROE 0.9%. (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 | $11M | $9M | $11M | $13M | $11M | $16M | $11M | $6M | $7M | $8M | $8M |
| Enterprise Value | $6M | $4M | $5M | $8M | $6M | $12M | $8M | $772532 | $1M | $4M | $5M |
| P/E Ratio → | 72.95 | 57.97 | 14.63 | 6.83 | 29.98 | 16.38 | 14.37 | — | 49.39 | 10.66 | 35.84 |
| P/S Ratio | 0.84 | 0.69 | 0.70 | 0.71 | 0.74 | 0.77 | 0.83 | 0.33 | 0.32 | 0.44 | 0.36 |
| P/B Ratio | 0.69 | 0.55 | 0.64 | 0.77 | 0.75 | 1.11 | 0.76 | 0.38 | 0.42 | 0.44 | 0.49 |
| P/FCF | — | — | 13.82 | — | 24.35 | 7.50 | — | — | — | 11.96 | 87.30 |
| P/OCF | — | — | 13.74 | — | 23.98 | 7.48 | — | — | — | 11.63 | 53.06 |
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 | — | 0.32 | 0.33 | 0.42 | 0.39 | 0.55 | 0.61 | 0.04 | 0.06 | 0.25 | 0.23 |
| EV / EBITDA | — | — | 9.43 | — | 8.32 | 9.43 | — | — | — | — | — |
| EV / EBIT | — | — | 5.46 | 4.46 | 45.71 | 9.22 | 15.90 | — | — | 10.59 | — |
| EV / FCF | — | — | 6.46 | — | 12.89 | 5.37 | — | — | — | 6.78 | 54.71 |
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 | 27.7% | 27.7% | 29.0% | 21.5% | 30.9% | 26.6% | 27.6% | 25.4% | 18.4% | 25.4% | 22.0% |
| Operating Margin | -1.8% | -1.8% | 2.5% | -1.4% | 4.5% | 5.7% | -11.5% | -2.5% | -5.3% | -3.3% | -3.0% |
| Net Profit Margin | 1.2% | 1.2% | 4.8% | 10.2% | 2.5% | 4.6% | 5.8% | -0.8% | 0.4% | 2.7% | 1.0% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 0.9% | 0.9% | 4.4% | 11.7% | 2.5% | 6.8% | 5.2% | -0.9% | 0.5% | 2.8% | 1.4% |
| ROA | 0.7% | 0.7% | 3.4% | 8.8% | 1.8% | 4.8% | 3.6% | -0.6% | 0.4% | 2.0% | 1.0% |
| ROIC | -1.5% | -1.5% | 2.6% | -1.8% | 5.1% | 8.4% | -10.6% | -3.2% | -6.6% | -3.1% | -3.6% |
| ROCE | -1.4% | -1.4% | 2.3% | -1.6% | 4.5% | 8.2% | -10.2% | -2.8% | -6.5% | -3.4% | -4.1% |
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 | 0.02 | 0.02 | 0.01 | 0.02 | 0.03 | 0.04 | 0.04 | 0.06 | — | 0.01 | 0.04 |
| Debt / EBITDA | — | — | 0.17 | — | 0.60 | 0.47 | — | — | — | — | — |
| Net Debt / Equity | — | -0.29 | -0.34 | -0.31 | -0.35 | -0.32 | -0.20 | -0.33 | -0.34 | -0.19 | -0.18 |
| Net Debt / EBITDA | — | — | -10.74 | — | -7.41 | -3.74 | — | — | — | — | — |
| Debt / FCF | — | — | -7.36 | — | -11.47 | -2.13 | — | — | — | -5.18 | -32.59 |
| Interest Coverage | — | — | 918.00 | 243.14 | 18.29 | 426.33 | 42.50 | -76.50 | -52.29 | 36.91 | -32.68 |
Net cash position: cash ($5M) exceeds total debt ($329000)
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 | 2.01 | 2.01 | 2.30 | 1.88 | 2.11 | 1.80 | 1.89 | 1.80 | 1.80 | 1.45 | 1.48 |
| Quick Ratio | 1.94 | 1.94 | 2.18 | 1.76 | 1.98 | 1.71 | 1.83 | 1.72 | 1.75 | 1.38 | 1.43 |
| Cash Ratio | 1.13 | 1.13 | 1.45 | 0.97 | 1.26 | 0.82 | 0.64 | 0.90 | 0.70 | 0.51 | 0.58 |
| Asset Turnover | — | 0.62 | 0.74 | 0.81 | 0.77 | 1.01 | 0.66 | 0.78 | 0.87 | 0.73 | 0.97 |
| Inventory Turnover | 27.88 | 27.88 | 21.86 | 19.47 | 17.13 | 28.69 | 28.28 | 22.15 | 40.91 | 26.08 | 50.95 |
| Days Sales Outstanding | — | 97.85 | 39.01 | 62.42 | 47.81 | 67.07 | 106.82 | 89.79 | 112.87 | 86.42 | 79.44 |
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 | — | — | 5.8% | 0.1% | 4.2% | 6.3% | 11.7% | — | 22.1% | — | — |
| Payout Ratio | — | — | 84.1% | 0.8% | 125.7% | 104.2% | 168.9% | — | 1639.8% | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 1.4% | 1.7% | 6.8% | 14.6% | 3.3% | 6.1% | 7.0% | — | 2.0% | 9.4% | 2.8% |
| FCF Yield | — | — | 7.2% | — | 4.1% | 13.3% | — | — | — | 8.4% | 1.1% |
| Buyback Yield | 2.9% | 3.5% | 0.1% | 0.1% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 2.9% | 3.5% | 5.8% | 0.2% | 4.2% | 6.3% | 11.7% | 0.0% | 22.1% | 0.0% | 0.0% |
| Shares Outstanding | — | $8M | $8M | $8M | $8M | $8M | $8M | $6M | $8M | $8M | $8M |
Cyclical infrastructure spending exposure
According to recent market data, CLWT trades at a P/B ratio of 0.69, suggesting that investors are valuing the company primarily as a pool of liquid assets rather than a growth-oriented industrial entity, given the lack of a clear forward P/E multiple in current reporting.
The valuation appears to be heavily anchored to the company's net cash position, effectively ignoring the potential for future earnings growth. This discount to book value suggests that the market remains skeptical of management's ability to deploy capital effectively or reverse the ongoing revenue contraction.
Based on historical financial filings, CLWT's ROIC has fluctuated significantly, reaching a peak of 5.1% in 2024Q4 while dipping into negative territory during prior periods, which highlights the company's struggle to consistently generate returns above its cost of capital in a volatile industrial environment.
The volatility in ROIC is largely driven by the lumpy nature of project-based engineering revenue and the high fixed-cost burden of the technical workforce. Investors should monitor whether the recent improvement in ROIC is a sustainable trend or merely a temporary byproduct of reduced operational spending.
As reported in recent financial statements, the company's cash conversion cycle has shown extreme variance, swinging from -13 days in 2024Q4 to positive figures in earlier periods, indicating that liquidity is highly sensitive to the timing of collections from regional municipal and state-owned enterprise clients.
The reliance on long payment cycles from government-linked entities creates a structural drag on cash flow, forcing the company to maintain higher liquidity buffers. This inefficiency in working capital management appears to be a permanent feature of the business model rather than a temporary operational hurdle.
According to the latest balance sheet data, CLWT maintains a negligible debt-to-equity ratio of 0.01%, which provides a significant safety net against the cyclical downturns inherent in the PRC and Hong Kong municipal water and power infrastructure sectors where the company operates.
The absence of meaningful debt exposure insulates the firm from interest rate volatility, though it also reflects a lack of aggressive growth investment. This fortress-like balance sheet is a double-edged sword, offering stability during contractions while potentially signaling a lack of strategic ambition or viable reinvestment opportunities.
The P/E ratio is frequently misapplied to CLWT, as it obscures the company's reliance on non-operating interest income from its cash pile to mask the underlying weakness in its core industrial distribution and engineering operations, which often report negative operating margins.
Investors should instead focus on EV/Revenue or adjusted operating margins to gauge the true health of the core business. Relying on P/E in this context risks overestimating the company's earning power by conflating passive interest income with operational performance.
Includes 30+ ratios · 30 years · Updated daily
DCF models, multiple analysis, and analyst estimates.
10-year return with dividends reinvested.
See how regular investing compounds over time.
Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying CLWT stock.
Euro Tech Holdings Company Limited's current P/E ratio is 72.9x. The historical average is 39.9x. This places it at the 77th percentile of its historical range.
Euro Tech Holdings Company Limited's return on equity (ROE) is 0.9%. The historical average is 4.0%.
Based on historical data, Euro Tech Holdings Company Limited is trading at a P/E of 72.9x. This is at the 77th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Euro Tech Holdings Company Limited has 27.7% gross margin and -1.8% operating margin.