Latest Ratios: P/E Ratio -0.0x · EV/EBITDA N/A · ROE -68.4%. (2016–2023 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $4M | $165M | $607M | $734M | $662M | $224M | — | — | — |
| Enterprise Value | $17M | $178M | $589M | $708M | $657M | $274M | — | — | — |
| P/E Ratio → | -0.05 | — | 30.10 | 19.56 | 35.83 | — | — | — | — |
| P/S Ratio | 0.02 | 0.75 | 2.05 | 2.18 | 2.38 | 0.84 | — | — | — |
| P/B Ratio | 0.04 | 2.04 | 4.18 | 6.54 | 10.45 | 5.62 | — | — | — |
| P/FCF | — | — | — | 37.07 | 12.77 | — | — | — | — |
| P/OCF | — | — | — | 24.49 | 11.64 | 63.15 | — | — | — |
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 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.81 | 1.98 | 2.11 | 2.36 | 1.03 | — | — | — |
| EV / EBITDA | — | — | 21.43 | 16.32 | 21.05 | 38.47 | — | — | — |
| EV / EBIT | — | — | 29.62 | 19.74 | 28.02 | 362.89 | — | — | — |
| EV / FCF | — | — | — | 35.77 | 12.68 | — | — | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 31.3% | 31.3% | 48.9% | 47.9% | 50.1% | 49.1% | 47.8% | 51.1% | 49.5% |
| Operating Margin | -27.6% | -27.6% | 6.7% | 10.8% | 8.6% | 0.3% | 2.6% | 6.9% | 6.7% |
| Net Profit Margin | -35.2% | -35.2% | 6.8% | 11.1% | 6.7% | -6.6% | -0.6% | 4.5% | 1.3% |
| Metric | TTM | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|
| ROE | -68.4% | -68.4% | 15.7% | 42.6% | 36.0% | -181.8% | — | — | — |
| ROA | -31.8% | -31.8% | 8.1% | 17.1% | 9.8% | -11.2% | -1.1% | 8.2% | 1.9% |
| ROIC | -41.3% | -41.3% | 14.0% | 37.7% | 24.3% | 0.7% | 6.8% | 21.1% | 21.1% |
| ROCE | -40.1% | -40.1% | 12.0% | 29.3% | 23.6% | 0.8% | 8.9% | 20.3% | 15.4% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.39 | 0.39 | 0.20 | 0.30 | 0.91 | 1.73 | — | — | — |
| Debt / EBITDA | — | — | 1.08 | 0.77 | 1.84 | 9.68 | 6.70 | 3.67 | 4.80 |
| Net Debt / Equity | — | 0.16 | -0.13 | -0.23 | -0.08 | 1.24 | — | — | — |
| Net Debt / EBITDA | — | — | -0.67 | -0.59 | -0.16 | 6.96 | 6.41 | 3.36 | 4.09 |
| Debt / FCF | — | — | — | -1.30 | -0.10 | — | — | 4.69 | 5.82 |
| Interest Coverage | -24.14 | -24.14 | 10.06 | 8.53 | 4.50 | 0.09 | 0.78 | 2.96 | 1.61 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.69 | 1.69 | 2.44 | 2.20 | 1.53 | 1.91 | 1.59 | 1.57 | 2.08 |
| Quick Ratio | 0.99 | 0.99 | 1.79 | 1.79 | 1.22 | 1.29 | 1.13 | 1.17 | 1.50 |
| Cash Ratio | 0.19 | 0.19 | 0.55 | 0.72 | 0.58 | 0.29 | 0.07 | 0.14 | 0.37 |
| Asset Turnover | — | 1.01 | 1.10 | 1.45 | 1.35 | 1.55 | 1.70 | 1.78 | 1.53 |
| Inventory Turnover | 2.26 | 2.26 | 2.66 | 5.18 | 4.09 | 3.26 | 4.11 | 4.84 | 4.05 |
| Days Sales Outstanding | — | 106.63 | 109.95 | 76.76 | 78.04 | 80.14 | 92.20 | 87.95 | 81.02 |
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 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | 3.3% | 5.1% | 2.8% | — | — | — | — |
| FCF Yield | — | — | — | 2.7% | 7.8% | — | — | — | — |
| Buyback Yield | 19.1% | 0.4% | 0.0% | 0.0% | 0.0% | 0.0% | — | — | — |
| Total Shareholder Yield | 19.1% | 0.4% | 0.0% | 0.0% | 0.0% | 0.0% | — | — | — |
| Shares Outstanding | — | $28M | $28M | $29M | $26M | $26M | $20M | $20M | $20M |
Liquidity and inventory overhang
Based on current market data, Cambium's P/S ratio of 0.02 suggests the market has largely abandoned growth expectations, pricing the firm as a distressed asset rather than a viable networking player, especially when compared to the more stable valuation multiples observed in broader communication equipment peers.
The absence of meaningful P/E or EV/EBITDA multiples underscores the market's focus on survival rather than earnings power. Investors should interpret these depressed multiples as a signal that the current business model is viewed as structurally impaired, requiring a significant turnaround in profitability to justify a re-rating.
As reported in financial statements, the company's ROIC has deteriorated from a positive 3.1% in 2023Q1 to a negative 7.6% by 2024Q3, illustrating a profound inability to generate returns on invested capital as the firm struggles to align its cost base with declining revenue.
This negative trend in ROIC suggests that the capital deployed into the business is currently destroying value rather than compounding it. The persistent decline warrants investigation into whether the company's core wireless infrastructure assets are becoming obsolete or if the competitive landscape has permanently eroded the firm's pricing power.
According to recent quarterly filings, the cash conversion cycle has ballooned to 812 days in 2024Q3, driven by an alarming DIO of 597 days, which indicates that the company is struggling to move inventory through its distribution channels in a timely and efficient manner.
The extreme length of the cash conversion cycle highlights a significant operational bottleneck that ties up critical liquidity in stagnant inventory. This inefficiency suggests that the company's two-tier distribution model may be failing to clear product, potentially necessitating further write-downs that could impact future profitability.
Based on reported figures, the debt-to-equity ratio has surged to 1.76 as of 2024Q3, a marked increase from 0.19 in 2023Q1, which indicates that the company is increasingly reliant on external financing to sustain operations amidst a period of significant and persistent net losses.
The rapid escalation in leverage, combined with negative interest coverage, suggests that the company's debt service capacity is under severe pressure. Investors should monitor whether the firm can maintain its current capital structure without resorting to dilutive equity raises or further debt that could exacerbate its financial fragility.
While the current ratio of 1.10 might appear to suggest adequate short-term liquidity, this metric is fundamentally misapplied here as it obscures the low quality of current assets, which are heavily weighted toward potentially obsolete inventory rather than liquid cash or readily collectible receivables.
Analysts should prioritize the quick ratio or a cash-only liquidity analysis to better understand the company's true ability to meet obligations. Relying on the current ratio risks overestimating the firm's financial cushion, as the inventory component may be subject to significant impairment in a down-cycle.
Includes 30+ ratios · 8 years · Updated daily
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Quick answers to the most common questions about buying CMBM stock.
Cambium Networks Corporation's current P/E ratio is -0.0x. The historical average is 28.5x.
Cambium Networks Corporation's return on equity (ROE) is -68.4%. The historical average is -31.2%.
Based on historical data, Cambium Networks Corporation is trading at a P/E of -0.0x. Compare with industry peers and growth rates for a complete picture.
Cambium Networks Corporation has 31.3% gross margin and -27.6% operating margin.