Latest Ratios: P/E Ratio -0.1x · EV/EBITDA -158.2x · ROE -12.4%. (2012–2025 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 | $2M | $4M | $3M | $1M | $1M | $4M | $5M | $10M | $18M | $34M | $27M |
| Enterprise Value | $-217934571 | $-1488649366 | $-1755463383 | $-1982853975 | $-1473262452 | $-1531878656 | $-1275786998 | $-914561770 | $-2766240518 | $-1946752316 | $-886134732 |
| P/E Ratio → | -0.05 | — | — | — | — | — | 0.01 | — | 0.11 | 0.17 | — |
| P/S Ratio | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.01 |
| P/B Ratio | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.01 |
| P/FCF | — | — | — | 0.00 | — | 0.07 | — | — | 0.06 | 0.06 | 0.10 |
| P/OCF | — | — | — | 0.00 | — | 0.04 | — | — | 0.05 | 0.06 | 0.07 |
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 | — | -1.29 | -2.18 | -2.96 | -1.67 | -1.95 | -0.82 | -0.25 | -0.56 | -0.39 | -0.19 |
| EV / EBITDA | -158.18 | -159.13 | — | — | — | — | — | — | -5.05 | -3.34 | -5.87 |
| EV / EBIT | — | — | — | — | — | — | — | — | -5.92 | -4.36 | — |
| EV / FCF | — | — | — | -3.67 | — | -27.36 | — | — | -9.87 | -3.25 | -3.21 |
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 | 72.5% | 72.5% | 67.6% | 65.4% | 71.4% | 67.2% | 69.4% | 65.4% | 69.1% | 64.2% | 66.2% |
| Operating Margin | -12.0% | -12.0% | -35.2% | -31.3% | -25.5% | -29.3% | -34.2% | -31.0% | 9.4% | 9.0% | -0.3% |
| Net Profit Margin | -22.4% | -22.4% | -76.5% | -90.1% | -58.1% | -44.8% | 26.8% | -9.6% | 22.7% | 26.8% | -1.8% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -12.4% | -12.4% | -25.4% | -20.9% | -15.9% | -9.8% | 9.5% | -6.5% | 22.4% | 34.6% | -2.6% |
| ROA | -5.1% | -5.1% | -11.1% | -11.2% | -10.2% | -6.6% | 6.6% | -4.5% | 14.3% | 20.6% | -1.5% |
| ROIC | -22.6% | -22.6% | -37.9% | -13.6% | -9.8% | -7.9% | -12.1% | -24.2% | 13.1% | 13.9% | -0.5% |
| ROCE | -6.0% | -6.0% | -10.7% | -6.7% | -6.5% | -6.0% | -11.3% | -18.9% | 8.0% | 10.2% | -0.4% |
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 | 0.01 | 0.01 | 0.03 | 0.01 | 0.01 | 0.01 | 0.00 | 0.01 | — | 0.07 | 0.16 |
| Debt / EBITDA | 1.63 | 1.63 | — | — | — | — | — | — | — | 0.58 | 3.30 |
| Net Debt / Equity | — | -0.76 | -0.80 | -0.75 | -0.47 | -0.46 | -0.34 | -0.19 | -0.50 | -0.44 | -0.29 |
| Net Debt / EBITDA | -159.52 | -159.52 | — | — | — | — | — | — | -5.09 | -3.40 | -6.05 |
| Debt / FCF | — | — | — | -3.67 | — | -27.43 | — | — | -9.94 | -3.30 | -3.31 |
| Interest Coverage | — | — | — | — | — | — | — | — | — | — | — |
Net cash position: cash ($1.5B) exceeds total debt ($15M)
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 | 1.27 | 1.27 | 1.23 | 1.27 | 1.76 | 1.92 | 1.87 | 2.37 | 3.03 | 2.49 | 1.53 |
| Quick Ratio | 1.27 | 1.27 | 1.21 | 1.26 | 1.75 | 1.91 | 1.85 | 2.35 | 3.03 | 2.48 | 1.18 |
| Cash Ratio | 0.59 | 0.59 | 0.59 | 0.74 | 0.94 | 1.36 | 1.06 | 1.39 | 2.02 | 1.71 | 0.85 |
| Asset Turnover | — | 0.25 | 0.15 | 0.12 | 0.17 | 0.16 | 0.28 | 0.51 | 0.60 | 0.67 | 0.82 |
| Inventory Turnover | — | — | 4.42 | 5.72 | 15.13 | 16.71 | 19.76 | 39.69 | 126.16 | 66.52 | 2.12 |
| Days Sales Outstanding | — | 178.70 | 783.60 | 223.92 | 199.36 | 126.36 | 105.77 | 108.19 | 103.29 | 91.37 | 51.59 |
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 | — | — | — | — | — | — | 100.0% | 100.0% | — | — | — |
| 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 | — | — | — | — | — | — | 7933.3% | — | 932.9% | 596.0% | — |
| FCF Yield | — | — | — | 40266.0% | — | 1429.0% | — | — | 1591.7% | 1741.7% | 1040.2% |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 1.8% | 100.0% | 0.0% | 100.0% |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 100.0% | 100.0% | 100.0% | 0.0% | 100.0% |
| Shares Outstanding | — | $613389 | $601221 | $589046 | $577472 | $572021 | $559778 | $547616 | $576186 | $570061 | $554901 |
Unproven AI hardware pivot
According to current market data, CMCM trades at a P/S ratio of 0.01 and a P/B of 0.01, suggesting that investors are effectively assigning zero or negative value to the company's ongoing operations while focusing exclusively on the liquidation value of its substantial cash reserves.
The extreme discount to book value indicates that the market remains highly skeptical of the company's ability to generate positive returns on its AI and robotics investments. This valuation profile is typical of a firm in a deep-value trap where the core business is viewed as a liability rather than an asset.
Based on reported figures, the company's ROIC has trended into negative territory, reaching -15.0% in 2025Q4, which highlights the significant destruction of shareholder value as management aggressively deploys capital into unproven hardware-heavy robotics projects that have yet to achieve the necessary scale for profitability.
The consistent decline in ROIC compared to historical levels suggests that the transition from high-margin software to capital-intensive hardware is failing to yield efficient returns. Investors should monitor whether this trend reverses as the robotics segment matures or if it signals a permanent impairment of the company's capital allocation strategy.
As reported in recent financial statements, the company's DSO has fluctuated significantly, reaching 169 days in 2025Q4, which indicates persistent challenges in collecting receivables and managing the cash conversion cycle as the business shifts its focus toward domestic PRC hardware deployments and service-based revenue models.
The extended collection periods suggest that the company may be offering lenient credit terms to gain market share in the competitive robotics space, which further strains liquidity. This inefficiency in working capital management appears to be a structural hurdle that complicates the company's path to achieving positive operating cash flow.
Based on the latest quarterly filings, the company maintains a current ratio of 1.27, which, while stable, masks the underlying reliance on a massive cash pile to offset persistent operating losses and fund the ongoing, capital-intensive transition into the AI-driven service robotics market.
While the liquidity position appears adequate to support short-term operations, the lack of reliance on debt means the company is currently burning its own equity to survive. This fortress-like cash position provides a long runway, but it also creates an opportunity cost that warrants further investigation by shareholders.
The P/E ratio is frequently misapplied to CMCM, as the company's current negative earnings and heavy reinvestment in robotics render traditional earnings-based valuation metrics entirely obsolete for assessing the firm's true potential as a venture-style incubator for AI and hardware-enabled service technologies.
Investors should instead focus on the company's cash-to-market-cap ratio and the unit economics of its robot placements to gauge the actual value of the business. Relying on P/E multiples in this context obscures the optionality inherent in the company's cash-rich balance sheet and its emerging robotics infrastructure.
Includes 30+ ratios · 14 years · Updated daily
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Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying CMCM stock.
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Cheetah Mobile Inc.'s current EV/EBITDA is -158.2x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA.
Cheetah Mobile Inc.'s return on equity (ROE) is -12.4%. The historical average is 2.0%.
Based on historical data, Cheetah Mobile Inc. is trading at a P/E of -0.1x. Compare with industry peers and growth rates for a complete picture.
Cheetah Mobile Inc. has 72.5% gross margin and -12.0% operating margin.
Cheetah Mobile Inc.'s Debt/EBITDA ratio is 1.6x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.