Latest Ratios: P/E Ratio -8.4x · EV/EBITDA N/A · ROE -39.0%. (2018–2025 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 |
|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $393M | $113M | $46M | $65M | $10M | $101M | — | — | — |
| Enterprise Value | $314M | $35M | $45M | $67M | $9M | $100M | — | — | — |
| P/E Ratio → | -8.42 | — | — | — | 2.40 | 348.12 | — | — | — |
| P/S Ratio | 11.48 | 3.32 | 1.24 | 2.51 | 0.41 | 4.04 | — | — | — |
| P/B Ratio | 1.94 | 0.92 | 2.10 | 2.24 | 0.21 | 2.64 | — | — | — |
| P/FCF | — | — | — | 24.38 | — | — | — | — | — |
| P/OCF | — | — | — | 11.50 | — | — | — | — | — |
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 |
|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.02 | 1.20 | 2.55 | 0.39 | 4.01 | — | — | — |
| EV / EBITDA | — | — | 9.25 | — | — | 16.11 | — | — | — |
| EV / EBIT | — | — | — | — | 3.04 | — | — | — | — |
| EV / FCF | — | — | — | 24.79 | — | — | — | — | — |
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 |
|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | -9.4% | -9.4% | -30.7% | -37.0% | -28.1% | 44.6% | -112.5% | -46.7% | -50.2% |
| Operating Margin | -57.2% | -57.2% | -29.4% | -66.3% | -116.7% | 11.7% | -156.7% | -3.1% | -302.6% |
| Net Profit Margin | -82.9% | -82.9% | -18.4% | -83.8% | 17.9% | -12.6% | -146.1% | -3.1% | -1120.1% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| ROE | -39.0% | -39.0% | -26.5% | -57.3% | 10.1% | -12.9% | -102.1% | -6.1% | -315.5% |
| ROA | -33.7% | -33.7% | -17.8% | -46.2% | 6.5% | -6.5% | -50.8% | -2.7% | -181.7% |
| ROIC | -44.9% | -44.9% | -32.1% | -33.7% | -50.4% | 8.3% | -55.4% | -2.8% | — |
| ROCE | -26.1% | -26.1% | -39.0% | -42.9% | -45.6% | 6.7% | -84.4% | -6.1% | -85.2% |
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 |
|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | — | — | 0.01 | 0.05 | 0.03 | — | 0.49 | — | 0.67 |
| Debt / EBITDA | — | — | 0.04 | — | — | — | — | — | — |
| Net Debt / Equity | — | -0.64 | -0.07 | 0.04 | -0.01 | -0.02 | 0.48 | — | 0.62 |
| Net Debt / EBITDA | — | — | -0.31 | — | — | -0.15 | — | -0.11 | — |
| Debt / FCF | — | — | — | 0.41 | — | — | — | — | — |
| Interest Coverage | — | — | -107.33 | -511.80 | 12.96 | -1.50 | -21.55 | -5.57 | — |
Net cash position: cash ($78M) exceeds total debt ($0)
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 |
|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 10.97 | 10.97 | 0.66 | 0.21 | 1.88 | 6.56 | 1.54 | 0.93 | 1.29 |
| Quick Ratio | 9.26 | 9.26 | 0.21 | 0.13 | 1.02 | 6.56 | 1.54 | 0.93 | 1.29 |
| Cash Ratio | 9.07 | 9.07 | 0.17 | 0.03 | 0.57 | 6.23 | 1.49 | 0.04 | 0.39 |
| Asset Turnover | — | 0.25 | 1.08 | 0.62 | 0.46 | 0.31 | 0.22 | 2.22 | 0.16 |
| Inventory Turnover | 2.52 | 2.52 | 10.68 | 43.48 | 11.06 | — | — | — | 999999.00 |
| Days Sales Outstanding | — | 16.69 | 2.83 | 10.93 | 11.12 | 16.05 | 14.54 | — | 56.86 |
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 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | 41.7% | 0.3% | — | — | — |
| FCF Yield | — | — | — | 4.1% | — | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 2.5% | 0.6% | — | — | — |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.0% | 2.5% | 0.6% | — | — | — |
| Shares Outstanding | — | $44M | $31M | $29M | $27M | $22M | $12M | $13M | $261M |
Persistent negative gross margins
Based on reported figures, DGXX trades at a P/S multiple of 11.82, which appears significantly detached from its contracting revenue base and negative profitability, suggesting that market participants may be pricing in speculative infrastructure potential rather than the company's current, struggling digital asset mining business model.
The lack of a meaningful forward P/E or EV/EBITDA ratio highlights the difficulty in valuing the firm based on traditional earnings metrics. Investors should monitor whether this premium valuation is supported by tangible infrastructure assets or if it represents an unsustainable expectation of a pivot to higher-margin computing services.
As reported in financial statements, DGXX's ROIC has consistently languished in negative territory, reaching -14.5% in 2025Q4, which indicates that the company is currently destroying shareholder value rather than compounding it through its heavy investments in specialized mining hardware and energy-intensive data center infrastructure.
The persistent inability to generate positive returns on invested capital suggests that the company's cost of deployment is not being offset by the value of digital assets produced. This trend warrants further investigation into whether the current hardware fleet is technologically obsolete or if power procurement costs are structurally too high.
According to recent SEC filings, DGXX's asset turnover ratio has remained extremely low at 0.09 in 2025Q4, revealing a significant inefficiency in utilizing its massive capital base to generate revenue compared to the more streamlined operational profiles observed in the broader cryptocurrency mining and infrastructure sector.
The low turnover suggests that the company's infrastructure is either underutilized or that the capital intensity of the business model is disproportionate to its current revenue-generating capacity. Investors should monitor whether management can improve asset utilization rates as they transition toward potential high-performance computing workloads.
Based on the latest quarterly data, DGXX maintains a current ratio of 12.60, which appears superficially strong but is largely a function of significant cash reserves rather than operational liquidity, as the company continues to burn through capital to sustain its loss-making mining and infrastructure operations.
While the cash position provides a temporary runway, the high quick ratio suggests that the company is not effectively deploying its liquid assets into productive, revenue-generating activities. This liquidity profile may be a defensive posture, but it does not mitigate the underlying risk of persistent negative operating margins.
The P/B ratio of 2.00 is frequently misapplied to DGXX, as it obscures the rapid technological obsolescence of the company's mining hardware and the potential impairment of its energy infrastructure assets, which may not hold their book value in a distressed market environment for digital assets.
Analysts should instead focus on the Enterprise Value per Megawatt (EV/MW) of power capacity, as this metric better captures the underlying value of the company's grid connections and energy assets. Relying on book value may lead to an overestimation of the firm's tangible worth in a sector defined by rapid hardware depreciation.
Includes 30+ ratios · 8 years · Updated daily
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Quick answers to the most common questions about buying DGXX stock.
Digi Power X Inc.'s current P/E ratio is -8.4x. The historical average is 2.4x.
Digi Power X Inc.'s return on equity (ROE) is -39.0%. The historical average is -68.7%.
Based on historical data, Digi Power X Inc. is trading at a P/E of -8.4x. Compare with industry peers and growth rates for a complete picture.
Digi Power X Inc. has -9.4% gross margin and -57.2% operating margin.