Latest Ratios: P/E Ratio -0.2x · EV/EBITDA N/A · ROE -115.5%. (1997–2025 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 | $5M | $8M | $6M | $17M | $17M | $32M | $35M | $7881 | $230M | $482M | $162M |
| Enterprise Value | $42M | $45M | $59M | $73M | $64M | $36M | $32M | $2M | $231M | $484M | $162M |
| P/E Ratio → | -0.22 | — | — | — | — | — | 13.80 | — | 157.06 | — | — |
| P/S Ratio | 0.24 | 0.40 | 0.33 | 0.65 | 0.60 | 1.59 | 2.27 | 0.00 | 12.45 | 25.84 | 8.43 |
| P/B Ratio | 0.60 | 0.96 | 0.19 | 0.20 | 0.11 | 0.16 | 0.46 | 0.00 | 30.43 | 100.74 | 49.21 |
| P/FCF | — | — | — | — | — | — | — | — | — | — | 77.70 |
| P/OCF | — | — | — | — | — | — | — | — | — | — | 29.57 |
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 | — | 2.18 | 3.09 | 2.82 | 2.27 | 1.76 | 2.09 | 0.15 | 12.45 | 25.95 | 8.46 |
| EV / EBITDA | — | — | — | — | — | — | — | — | — | 407.67 | 221.66 |
| EV / EBIT | — | — | — | — | — | — | 68.50 | — | 141.77 | — | — |
| EV / FCF | — | — | — | — | — | — | — | — | — | — | 77.98 |
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 | -10.4% | -10.4% | -23.3% | 2.1% | -16.2% | 17.0% | 28.4% | 33.5% | 36.0% | 41.0% | 42.0% |
| Operating Margin | -69.5% | -69.5% | -109.6% | -91.0% | -105.6% | -116.0% | -74.4% | -16.8% | -9.2% | -1.2% | -3.4% |
| Net Profit Margin | -115.3% | -115.3% | -245.6% | -233.8% | -210.8% | -163.3% | 12.4% | -18.6% | 7.9% | -3.1% | -5.0% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -115.5% | -115.5% | -80.9% | -50.5% | -33.7% | -24.1% | 4.3% | -29.1% | 23.7% | -14.3% | -27.3% |
| ROA | -27.5% | -27.5% | -36.1% | -30.2% | -22.5% | -17.7% | 3.4% | -16.3% | 9.0% | -3.2% | -5.6% |
| ROIC | -16.5% | -16.5% | -14.0% | -10.3% | -11.1% | -12.8% | -19.4% | -17.6% | -17.5% | -3.1% | -7.1% |
| ROCE | -46.9% | -46.9% | -30.1% | -17.3% | -13.9% | -13.9% | -23.1% | -20.3% | -19.1% | -2.4% | -7.8% |
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 | 4.94 | 4.94 | 1.96 | 0.76 | 0.43 | 0.30 | 0.03 | 0.28 | 0.32 | 1.33 | 1.96 |
| Debt / EBITDA | — | — | — | — | — | — | — | — | — | 5.34 | 8.82 |
| Net Debt / Equity | — | 4.23 | 1.61 | 0.68 | 0.30 | 0.02 | -0.04 | 0.19 | 0.02 | 0.45 | 0.18 |
| Net Debt / EBITDA | — | — | — | — | — | — | — | — | — | 1.82 | 0.79 |
| Debt / FCF | — | — | — | — | — | — | — | — | — | — | 0.28 |
| Interest Coverage | -102.34 | -102.34 | -188.75 | -132.89 | -338.18 | -204.11 | 2.46 | -20.27 | 8.51 | -1.00 | -2.48 |
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 | 0.30 | 0.30 | 0.98 | 1.34 | 0.65 | 2.89 | 1.40 | 1.80 | 1.20 | 0.89 | 1.23 |
| Quick Ratio | 0.26 | 0.26 | 0.94 | 1.29 | 0.55 | 2.59 | 1.18 | 1.47 | 0.91 | 0.72 | 1.08 |
| Cash Ratio | 0.13 | 0.13 | 0.18 | 0.12 | 0.26 | 2.03 | 0.58 | 0.26 | 0.43 | 0.45 | 0.76 |
| Asset Turnover | — | 0.31 | 0.18 | 0.17 | 0.11 | 0.07 | 0.17 | 0.77 | 1.21 | 1.07 | 1.04 |
| Inventory Turnover | 11.47 | 11.47 | 9.64 | 9.01 | 4.27 | 2.04 | 5.63 | 7.57 | 7.58 | 6.67 | 9.22 |
| Days Sales Outstanding | — | 47.30 | 69.67 | 179.68 | 247.98 | 215.72 | 85.25 | 98.87 | 43.72 | 39.61 | 35.99 |
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 | — | — | — | — | — | — | 7.2% | — | 0.6% | — | — |
| FCF Yield | — | — | — | — | — | — | — | — | — | — | 1.3% |
| Buyback Yield | 0.0% | 0.0% | 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% | 0.0% | 0.0% |
| Shares Outstanding | — | $9M | $7M | $7M | $6M | $3M | $300960 | $47 | $564354 | $480806 | $435606 |
Persistent negative gross margins
As reported in recent financial filings, DSS trades at a price-to-sales multiple of 0.22, a valuation level that suggests the market heavily discounts the company's disparate business units due to the absence of a clear, consolidated path toward profitability or sustainable top-line growth.
The low P/S ratio relative to broader industrial peers likely reflects investor skepticism regarding the company's incubator model rather than an undervalued opportunity. Given the negative earnings and lack of positive EBITDA, traditional valuation metrics like P/E or EV/EBITDA are effectively rendered meaningless, forcing investors to rely on asset-based valuations that are themselves clouded by potential goodwill impairments.
Based on reported figures, the company's ROIC has remained consistently negative, reaching -9.1% in 2026Q1, which indicates that the firm is currently destroying shareholder value rather than compounding it through its diverse and fragmented portfolio of industrial and speculative investments.
The persistent negative ROIC trend over the last ten quarters suggests that the company's capital allocation strategy has failed to generate returns exceeding the cost of capital. This decay in returns is driven by the inability of the underlying business segments to achieve the scale necessary to cover the high fixed costs inherent in the conglomerate structure.
According to quarterly data, the cash conversion cycle has fluctuated significantly, peaking at 172 days in 2024Q1 and settling at 41 days in 2026Q1, which highlights the operational volatility and lack of consistent working capital management across the company's diverse business segments.
The erratic nature of the cash conversion cycle suggests that the company struggles to synchronize its inventory management and accounts receivable collection with its payment obligations. This inefficiency forces the firm to rely on external financing to bridge operational gaps, further straining a balance sheet already burdened by negative margins.
As evidenced by the latest financial statements, the current ratio has deteriorated to 0.22 in 2026Q1, a sharp decline from 1.34 in 2023Q4, indicating that the company's ability to meet short-term obligations is increasingly reliant on external capital injections rather than internal liquidity.
The rapid compression of the current and quick ratios suggests that the company is operating with a razor-thin margin of safety. Investors should monitor the firm's ability to refinance its debt, as the current liquidity position appears insufficient to support ongoing operations without significant dilution or further debt accumulation.
Based on the company's reported figures, the P/B ratio of 0.56 is frequently misapplied by investors as a proxy for value, failing to account for the fact that the book value is heavily inflated by intangible assets that may be subject to future write-downs.
Using the P/B ratio to justify an investment in this business model is misleading because it ignores the rapid erosion of the equity base and the potential for further goodwill impairments. A more appropriate focus would be on the cash burn rate and the sustainability of the underlying business units, as the book value does not reflect the company's true economic reality.
Includes 30+ ratios · 29 years · Updated daily
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Quick answers to the most common questions about buying DSS stock.
DSS, Inc.'s current P/E ratio is -0.2x. The historical average is 65.0x.
DSS, Inc.'s return on equity (ROE) is -115.5%. The historical average is -63.2%.
Based on historical data, DSS, Inc. is trading at a P/E of -0.2x. Compare with industry peers and growth rates for a complete picture.
DSS, Inc. has -10.4% gross margin and -69.5% operating margin.