Latest Ratios: P/E Ratio -4.5x · EV/EBITDA 9.1x · ROE -2988.3%. (2010–2025 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 | $192M | $212M | $166M | $181M | $162M | $138M | $68M | $110M | $136M | $83M | $41M |
| Enterprise Value | $241M | $261M | $195M | $194M | $158M | $102M | $65M | $101M | $122M | $78M | $40M |
| P/E Ratio → | -4.51 | — | — | — | — | 5.76 | — | — | — | — | — |
| P/S Ratio | — | — | — | — | — | — | — | — | — | — | — |
| P/B Ratio | 134.76 | 166.79 | — | — | 12.18 | 3.98 | 34.09 | 13.18 | 9.94 | 15.86 | 34.50 |
| P/FCF | 275.01 | 303.67 | — | — | — | — | — | — | — | — | — |
| P/OCF | 275.01 | 303.67 | — | — | — | — | — | — | — | — | — |
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 | — | — | — | — | — | — | — | — | — | — | — |
| EV / EBITDA | 9.13 | 9.89 | — | — | — | 102367.41 | — | — | — | — | — |
| EV / EBIT | 9.18 | — | — | — | — | 4.07 | — | — | — | — | — |
| EV / FCF | — | 373.64 | — | — | — | — | — | — | — | — | — |
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 | — | — | — | — | — | — | — | — | — | — | — |
| Operating Margin | — | — | — | — | — | — | — | — | — | — | — |
| Net Profit Margin | — | — | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -2988.3% | -2988.3% | — | -935.0% | -98.3% | 130.6% | -178.8% | -75.8% | -65.4% | -88.2% | -78.4% |
| ROA | -39.5% | -39.5% | -193.5% | -126.2% | -64.2% | 122.2% | -156.0% | -73.5% | -64.0% | -84.9% | -73.3% |
| ROIC | 60.8% | 60.8% | -111.8% | -143.4% | -334.0% | — | — | — | — | — | — |
| ROCE | 50.7% | 50.7% | -51.2% | -59.7% | -54.4% | -56.5% | -108.2% | -40.3% | -39.8% | -88.2% | -78.4% |
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 | 54.19 | 54.19 | — | — | 1.45 | — | — | — | — | — | — |
| Debt / EBITDA | 2.61 | 2.61 | — | — | — | — | — | — | — | — | — |
| Net Debt / Equity | — | 38.43 | — | — | -0.29 | -1.02 | -1.51 | -1.03 | -1.01 | -0.99 | -1.05 |
| Net Debt / EBITDA | 1.85 | 1.85 | — | — | — | -35220.59 | — | — | — | — | — |
| Debt / FCF | — | 69.97 | — | — | — | — | — | — | — | — | — |
| Interest Coverage | -2.25 | -2.25 | -16.28 | -8.95 | -70.58 | — | — | — | — | — | — |
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 | 0.29 | 0.29 | 1.29 | 5.35 | 15.80 | 161.79 | 2.83 | 20.90 | 54.47 | 39.06 | 11.54 |
| Quick Ratio | 0.29 | 0.29 | 1.29 | 5.35 | 15.80 | 161.79 | 2.83 | 20.90 | 54.47 | 39.06 | 11.54 |
| Cash Ratio | 0.26 | 0.26 | 1.19 | 5.07 | 15.35 | 158.58 | 2.76 | 20.51 | 53.86 | 37.78 | 11.03 |
| Asset Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
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 | — | — | — | — | — | — | — | — | — | — | — |
| 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 | — | — | — | — | — | 17.4% | — | — | — | — | — |
| FCF Yield | 0.4% | 0.3% | — | — | — | — | — | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 1.0% | 0.6% | 0.7% | 0.0% | 0.0% | 0.3% | 0.0% |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.0% | 1.0% | 0.6% | 0.7% | 0.0% | 0.0% | 0.3% | 0.0% |
| Shares Outstanding | — | $11M | $9M | $7M | $7M | $6M | $6M | $6M | $6M | $5M | $4M |
Logistical and liquidity constraints
As reported in recent financial filings, CTGO trades at a forward P/E of 6.87, a multiple that appears to bake in significant optimism regarding the transition to production, despite the company's historical inability to generate consistent positive earnings or cash flow during its intensive development phase.
The forward P/E multiple suggests that the market is pricing in a rapid shift to profitability once the Manh Choh project reaches full throughput. However, investors should monitor whether this valuation is sustainable given the lack of historical earnings and the inherent risks associated with the third-party milling model.
Based on quarterly data, ROIC has oscillated wildly from -17.3% to 113.1%, a trend that reflects the company's pre-revenue status and the lumpy nature of capitalized development costs rather than any underlying improvement in the efficiency of capital deployment across its Alaskan mining assets.
The extreme volatility in ROIC indicates that the metric is currently a poor proxy for operational success. Analysts should view these figures with caution, as they are heavily distorted by the timing of project-related expenditures and the absence of a stable revenue stream to anchor the denominator.
According to quarterly balance sheet data, the current ratio has fluctuated significantly, dropping to as low as 0.28 in 2024Q3, which highlights the company's persistent struggle to maintain a sufficient liquidity buffer to cover its immediate obligations while funding the intensive development of its Alaskan mining assets.
The inconsistent current ratio suggests that the company is operating with minimal margin for error regarding its working capital. This vulnerability warrants further investigation into the timing of capital calls from the joint venture operator, as any delay in project milestones could rapidly exhaust available cash reserves.
As indicated by the company's reported figures, the debt-to-equity ratio reached a volatile peak of 54.19 in 2025Q4, suggesting that the firm has relied heavily on debt financing to bridge its development phase, which may limit future financial flexibility as it approaches full-scale operational status.
The high leverage ratio relative to the company's current development stage implies that the firm is nearing the limits of its non-dilutive financing capacity. Investors should monitor the interest coverage ratio, which has shown negative trends, indicating that debt service could become a significant burden if production is delayed.
The most commonly misapplied metric for this business model is the P/B ratio, which at 134.76, fails to account for the fact that the company's book value is heavily skewed by capitalized development costs that may not reflect the true economic value of the underlying gold reserves.
Using P/B to value a pre-revenue developer like CTGO is misleading because it ignores the high probability of future equity dilution and the uncertainty of the trucking-to-mill logistical model. A more appropriate approach would be to focus on Net Asset Value (NAV) models that incorporate specific discount rates for Alaskan operational risks.
Includes 30+ ratios · 16 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 CTGO stock.
Contango Ore, Inc.'s current P/E ratio is -4.5x. The historical average is 5.8x.
Contango Ore, Inc.'s current EV/EBITDA is 9.1x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 9.9x.
Contango Ore, Inc.'s return on equity (ROE) is -2988.3%. The historical average is -89.0%.
Based on historical data, Contango Ore, Inc. is trading at a P/E of -4.5x. Compare with industry peers and growth rates for a complete picture.
Contango Ore, Inc.'s Debt/EBITDA ratio is 2.6x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.