Latest Ratios: P/E Ratio -3.0x · EV/EBITDA N/A · ROE -5.9%. (2015–2025 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 | $16M | $220M | $189M | $155M | $385M | $432M | $279M | $572M | $803M | — | — |
| Enterprise Value | $19M | $222M | $201M | $169M | $377M | $439M | $284M | $572M | $801M | — | — |
| P/E Ratio → | -2.97 | — | — | — | 117.42 | 281.33 | — | 412.29 | 176.09 | — | — |
| P/S Ratio | 0.79 | 10.62 | 12.71 | 8.82 | 14.21 | 17.78 | 14.55 | 21.82 | 26.64 | — | — |
| P/B Ratio | 0.15 | 2.25 | 2.47 | 2.03 | 4.35 | 6.66 | 5.41 | 9.39 | 13.22 | — | — |
| P/FCF | — | — | — | — | — | — | — | — | — | — | — |
| P/OCF | 28.91 | 387.76 | 231.85 | — | 62.51 | 115.22 | — | — | 228.44 | — | — |
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 | — | 10.73 | 13.50 | 9.61 | 13.90 | 18.04 | 14.83 | 21.84 | 26.57 | — | — |
| EV / EBITDA | — | — | — | — | 106.61 | 88.40 | — | 271.80 | 111.79 | — | — |
| EV / EBIT | — | — | — | — | 936.82 | 236.19 | — | 895.04 | 134.75 | — | — |
| EV / FCF | — | — | — | — | — | — | — | — | — | — | — |
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 | 24.3% | 24.3% | 21.0% | 20.8% | 37.4% | 37.6% | 12.5% | 36.0% | 40.3% | 39.4% | 34.5% |
| Operating Margin | -31.7% | -31.7% | -50.7% | -54.4% | 0.3% | 7.6% | -45.5% | 2.4% | 19.7% | 27.4% | 22.6% |
| Net Profit Margin | -24.6% | -24.6% | -40.8% | -40.9% | 11.9% | 6.2% | -44.0% | 5.4% | 15.3% | 23.4% | 21.6% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -5.9% | -5.9% | -7.9% | -8.7% | 4.2% | 2.6% | -15.0% | 2.3% | 13.5% | 79.5% | 100.8% |
| ROA | -4.7% | -4.7% | -6.1% | -7.2% | 3.3% | 1.9% | -12.7% | 2.0% | 10.6% | 32.1% | 24.9% |
| ROIC | -5.2% | -5.2% | -6.3% | -8.4% | 0.1% | 2.2% | -11.1% | 0.8% | 12.7% | 40.6% | 27.8% |
| ROCE | -6.5% | -6.5% | -8.4% | -10.5% | 0.1% | 3.0% | -15.3% | 1.1% | 17.4% | 93.4% | 105.5% |
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 | 0.16 | 0.16 | 0.25 | 0.24 | 0.09 | 0.17 | 0.13 | 0.05 | 0.08 | 0.80 | 1.18 |
| Debt / EBITDA | — | — | — | — | 2.29 | 2.29 | — | 1.38 | 0.68 | 0.89 | 1.35 |
| Net Debt / Equity | — | 0.02 | 0.15 | 0.18 | -0.10 | 0.10 | 0.10 | 0.01 | -0.04 | 0.59 | 0.91 |
| Net Debt / EBITDA | — | — | — | — | -2.41 | 1.30 | — | 0.17 | -0.31 | 0.66 | 1.04 |
| Debt / FCF | — | — | — | — | — | — | — | — | — | 2.31 | 1.70 |
| Interest Coverage | — | — | -31.12 | -28.86 | 1.09 | 7.03 | — | — | 247.95 | 17.49 | 10.26 |
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 | 3.35 | 3.35 | 1.92 | 1.50 | 3.60 | 0.67 | 1.08 | 3.21 | 5.17 | 0.85 | 0.86 |
| Quick Ratio | 2.91 | 2.91 | 1.56 | 1.22 | 3.08 | 0.47 | 0.81 | 2.55 | 4.70 | 0.57 | 0.60 |
| Cash Ratio | 2.10 | 2.10 | 0.81 | 0.48 | 2.57 | 0.26 | 0.45 | 1.69 | 3.94 | 0.15 | 0.17 |
| Asset Turnover | — | 0.18 | 0.15 | 0.18 | 0.27 | 0.26 | 0.30 | 0.38 | 0.43 | 1.21 | 1.21 |
| Inventory Turnover | 5.77 | 5.77 | 3.76 | 5.20 | 5.03 | 3.61 | 5.87 | 3.13 | 4.33 | 4.49 | 5.12 |
| Days Sales Outstanding | — | 25.08 | 72.48 | 59.21 | 38.38 | 43.75 | 47.15 | 75.31 | 68.33 | 68.98 | 75.54 |
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 | — | — | — | — | — | — | — | — | — | 55.1% | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | 0.9% | 0.4% | — | 0.2% | 0.6% | — | — |
| FCF Yield | — | — | — | — | — | — | — | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — | — |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — | — |
| Shares Outstanding | — | $13M | $11M | $11M | $11M | $10M | $10M | $10M | $10M | $9M | $750000 |
Persistent Operating Margin Deficit
According to recent market data, DOGZ trades at a price-to-sales ratio of 0.79, which appears to reflect significant skepticism regarding the company's ability to convert its 39.47% revenue growth into sustainable earnings compared to the higher multiples commanded by more established pet industry incumbents like Chewy.
The negative P/E ratio of -2.97 underscores the market's focus on the company's inability to achieve profitability rather than its top-line expansion. Investors should monitor whether this valuation discount is a temporary reaction to the current cash burn or a structural reassessment of the company's long-term earnings potential.
As reported in financial statements, the company's gross margin has compressed to 11.2% in 2026Q2, a sharp decline from the 38.9% peak observed in 2022Q2, suggesting that the transition toward smart pet hardware is significantly diluting the profitability of its traditional textile manufacturing base.
The persistent negative operating margin of -31.71% indicates that the company's current cost structure is fundamentally misaligned with its revenue generation capabilities. This suggests that the R&D and marketing investments required to scale the smart product suite are currently outpacing the gross profit generated by the core business.
Based on historical data, the company's ROIC has trended into negative territory, reaching -3.2% in 2026Q2, which indicates that the capital deployed into manufacturing and product development is currently failing to generate a positive return for shareholders relative to the cost of that capital.
The consistent decay in ROIC over the last ten quarters highlights the difficulty of scaling a hardware-heavy business model without achieving sufficient economies of scale. This trend warrants further investigation into whether the current capital allocation strategy is capable of ever reaching a break-even return on invested capital.
As evidenced by quarterly filings, the cash conversion cycle has fluctuated significantly, reaching 29 days in 2026Q2, which suggests that the company is experiencing inconsistent efficiency in managing its inventory and collection cycles as it navigates the complexities of its dual-product manufacturing model.
The volatility in DSO and DIO metrics suggests that the company may be facing challenges in balancing its inventory levels with the demand for its newer smart products. Investors should monitor these efficiency ratios to determine if the company can stabilize its working capital management as it attempts to scale.
The most commonly misapplied metric for DOGZ is the price-to-sales ratio, which obscures the company's underlying cash burn and the lack of a recurring revenue model, leading investors to potentially overvalue the top-line growth without accounting for the high cost of customer acquisition and hardware manufacturing.
Instead of relying on P/S, analysts should prioritize the cash burn rate and the ratio of operating expenses to gross profit to better understand the company's path to sustainability. Focusing on revenue alone ignores the structural margin pressure inherent in the company's current transition from traditional textiles to smart electronics.
Includes 30+ ratios · 11 years · Updated daily
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Quick answers to the most common questions about buying DOGZ stock.
Dogness (International) Corporation's current P/E ratio is -3.0x. The historical average is 146.8x.
Dogness (International) Corporation's return on equity (ROE) is -5.9%. The historical average is 34.1%.
Based on historical data, Dogness (International) Corporation is trading at a P/E of -3.0x. Compare with industry peers and growth rates for a complete picture.
Dogness (International) Corporation has 24.3% gross margin and -31.7% operating margin.