Latest Ratios: P/E Ratio 7.2x · EV/EBITDA 6.1x · ROE 17.4%. (2021–2025 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 |
|---|---|---|---|---|---|---|
| Market Cap | $276M | $383M | $640M | — | — | — |
| Enterprise Value | $272M | $378M | $640M | — | — | — |
| P/E Ratio → | 7.17 | 8.65 | 36.79 | — | — | — |
| P/S Ratio | — | — | — | — | — | — |
| P/B Ratio | 0.72 | 0.87 | 9.14 | — | — | — |
| P/FCF | — | — | 1842.51 | — | — | — |
| P/OCF | — | — | 1842.51 | — | — | — |
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 |
|---|---|---|---|---|---|---|
| EV / Revenue | — | — | — | — | — | — |
| EV / EBITDA | 6.14 | 8.55 | 36.75 | — | — | — |
| EV / EBIT | 6.14 | 8.55 | 36.75 | — | — | — |
| EV / FCF | — | — | 1842.51 | — | — | — |
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 |
|---|---|---|---|---|---|---|
| Gross Margin | 246.6% | 246.6% | -153869.0% | -512.1% | 91.1% | — |
| Operating Margin | -1562.4% | -1562.4% | -137237.1% | -1148.7% | -15.4% | — |
| Net Profit Margin | -1562.4% | -1562.4% | -137237.1% | -1148.7% | -15.4% | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| ROE | 17.4% | 17.4% | 28.4% | -7.6% | -14.9% | — |
| ROA | 17.3% | 17.3% | 27.9% | -7.2% | -4.9% | -4.1% |
| ROIC | 13.1% | 13.1% | 21.3% | -5.7% | -4.2% | — |
| ROCE | 17.3% | 17.3% | 27.9% | -7.2% | -4.9% | — |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Debt / Equity | 0.00 | 0.00 | — | — | — | — |
| Debt / EBITDA | 0.00 | 0.00 | — | — | — | — |
| Net Debt / Equity | — | -0.01 | 0.00 | 0.09 | -0.21 | — |
| Net Debt / EBITDA | -0.10 | -0.10 | 0.00 | — | — | — |
| Debt / FCF | — | — | 0.00 | — | — | 106.63 |
| Interest Coverage | — | — | 90.58 | — | — | — |
Net cash position: cash ($4M) exceeds total debt ($1300)
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Current Ratio | 163642.24 | 163642.24 | — | — | — | — |
| Quick Ratio | 163642.24 | 163642.24 | — | — | — | — |
| Cash Ratio | 3382.33 | 3382.33 | — | — | — | — |
| Asset Turnover | — | -0.01 | -0.00 | 0.01 | 0.41 | — |
| 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 |
|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Earnings Yield | 14.0% | 11.6% | 2.7% | — | — | — |
| FCF Yield | — | — | 0.1% | — | — | — |
| Buyback Yield | 0.0% | — | — | — | — | — |
| Total Shareholder Yield | 0.0% | — | — | — | — | — |
| Shares Outstanding | — | $12M | $11M | $11M | $11M | $3M |
NAV Valuation Volatility
According to recent SEC filings, DXYZ trades at a P/E of 7.17 and a P/B of 0.72, metrics that appear disconnected from the underlying volatility of its private holdings and suggest investors are pricing the ticker as a speculative tech derivative rather than a traditional asset manager.
The current valuation multiples warrant caution as they likely reflect retail sentiment rather than the intrinsic value of the fund's Level 3 assets. Investors should monitor whether the stock continues to trade at a premium to its Net Asset Value, as this divergence often precedes sharp corrections when market enthusiasm wanes.
Based on reported figures, DXYZ's ROIC has fluctuated significantly, swinging from a negative 13.0% in 2022Q4 to a positive 11.4% in 2025Q4, which highlights the inherent difficulty in compounding capital when performance is tethered to the subjective, mark-to-market valuation of illiquid private technology companies.
The volatility in ROIC suggests that the fund's ability to generate returns is highly dependent on the timing of valuation adjustments rather than operational efficiency. This pattern indicates that the company is not yet a consistent compounder, and its returns may remain erratic until a more mature portfolio of exits is established.
As reported in financial statements, the company's asset turnover ratio remains extremely low at 0.01, illustrating the structural reality that DXYZ's capital is locked in long-term, illiquid private equity positions that offer little opportunity for rapid recycling or operational efficiency gains in the near term.
This low turnover is characteristic of a closed-end fund holding private assets, but it underscores the risk that the fund cannot quickly pivot its portfolio in response to changing market conditions. The lack of meaningful asset velocity suggests that the fund's performance will be dictated by the long-term success of its underlying holdings rather than active management turnover.
Data from the past ten quarters reveals that the P/E ratio is a fundamentally flawed metric for DXYZ, as it obscures the fact that the company's net income is driven by non-cash valuation adjustments rather than recurring operational cash flow from its portfolio of private technology assets.
Investors should instead focus on the Premium or Discount to Net Asset Value, as this provides a more accurate reflection of the market's appetite for the fund's underlying holdings. Relying on P/E ratios in this context may lead to a false sense of security regarding the fund's profitability and its ability to sustain operations.
Includes 30+ ratios · 5 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 DXYZ stock.
Destiny Tech100 Inc.'s current P/E ratio is 7.2x. The historical average is 22.7x.
Destiny Tech100 Inc.'s current EV/EBITDA is 6.1x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 22.7x.
Destiny Tech100 Inc.'s return on equity (ROE) is 17.4%. The historical average is 5.8%.
Based on historical data, Destiny Tech100 Inc. is trading at a P/E of 7.2x. Compare with industry peers and growth rates for a complete picture.
Destiny Tech100 Inc. has 246.6% gross margin and -1562.4% operating margin.
Destiny Tech100 Inc.'s Debt/EBITDA ratio is 0.0x, indicating low leverage. A ratio below 2x is generally considered financially healthy.