Latest Ratios: P/E Ratio 49.6x · EV/EBITDA 36.2x · ROE 24.4%. (1996–2025 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 | $722M | $348M | $188M | $130M | $142M | $110M | $140M | $36M | $12M | $26M | $16M |
| Enterprise Value | $723M | $349M | $186M | $132M | $147M | $126M | $151M | $45M | $11M | $24M | $15M |
| P/E Ratio → | 49.63 | 23.89 | 27.62 | 18.00 | 9.07 | 11.00 | 21.67 | 13.50 | 18.93 | 13.29 | — |
| P/S Ratio | 2.99 | 1.44 | 1.04 | 0.74 | 0.78 | 0.78 | 1.23 | 0.44 | 0.23 | 0.41 | 0.34 |
| P/B Ratio | 10.77 | 5.18 | 3.57 | 2.70 | 3.27 | 3.97 | 7.97 | 3.25 | 1.48 | 3.29 | 2.77 |
| P/FCF | 522.74 | 251.84 | 27.93 | 36.18 | 14.54 | — | 135.68 | — | 67.53 | — | — |
| P/OCF | 279.57 | 134.69 | 18.45 | 22.32 | 14.14 | 39.09 | 20.31 | — | 33.13 | 102.78 | 42.95 |
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 | — | 1.45 | 1.03 | 0.75 | 0.80 | 0.89 | 1.33 | 0.55 | 0.20 | 0.39 | 0.31 |
| EV / EBITDA | 36.21 | 17.49 | 19.13 | 13.03 | 9.52 | 12.06 | 20.10 | 12.00 | 11.70 | 10.66 | — |
| EV / EBIT | 39.94 | 19.29 | 20.20 | 13.90 | 9.86 | 11.57 | 21.30 | 13.71 | 15.88 | 11.89 | — |
| EV / FCF | — | 253.07 | 27.59 | 36.59 | 15.04 | — | 146.33 | — | 59.63 | — | — |
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 | 22.4% | 22.4% | 24.6% | 23.8% | 24.5% | 22.1% | 20.2% | 19.8% | 17.9% | 18.2% | 17.2% |
| Operating Margin | 7.5% | 7.5% | 4.5% | 5.0% | 7.6% | 6.7% | 6.0% | 4.0% | 1.2% | 3.2% | -7.4% |
| Net Profit Margin | 6.1% | 6.1% | 3.7% | 4.1% | 8.6% | 7.1% | 5.6% | 3.4% | 1.2% | 3.0% | -8.3% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 24.4% | 24.4% | 13.4% | 15.6% | 44.2% | 44.5% | 44.4% | 28.4% | 8.1% | 26.9% | -81.9% |
| ROA | 16.8% | 16.8% | 8.9% | 9.9% | 24.0% | 20.1% | 18.9% | 13.9% | 5.0% | 14.0% | -27.6% |
| ROIC | 22.8% | 22.8% | 12.2% | 13.4% | 22.8% | 19.7% | 21.0% | 18.1% | 7.3% | 26.7% | -51.2% |
| ROCE | 25.4% | 25.4% | 12.6% | 13.8% | 24.9% | 22.6% | 23.9% | 21.2% | 8.1% | 28.6% | -59.5% |
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 | 0.30 | 0.30 | 0.35 | 0.40 | 0.51 | 0.95 | 1.15 | 1.18 | — | 0.00 | 0.00 |
| Debt / EBITDA | 0.99 | 0.99 | 1.89 | 1.91 | 1.43 | 2.51 | 2.69 | 3.53 | — | 0.00 | — |
| Net Debt / Equity | — | 0.03 | -0.04 | 0.03 | 0.11 | 0.58 | 0.63 | 0.78 | -0.17 | -0.16 | -0.24 |
| Net Debt / EBITDA | 0.09 | 0.09 | -0.23 | 0.14 | 0.32 | 1.54 | 1.46 | 2.33 | -1.55 | -0.56 | — |
| Debt / FCF | — | 1.23 | -0.33 | 0.40 | 0.50 | — | 10.65 | — | -7.90 | — | — |
| Interest Coverage | 44.53 | 44.53 | 20.56 | 20.48 | 30.73 | 15.43 | 11.43 | 7.93 | 4.62 | 10.23 | -9.86 |
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 | 3.50 | 3.50 | 4.12 | 5.55 | 5.51 | 3.51 | 3.88 | 3.82 | 2.47 | 1.96 | 1.59 |
| Quick Ratio | 1.63 | 1.63 | 2.07 | 2.97 | 3.40 | 2.07 | 2.23 | 1.84 | 0.35 | 0.41 | 0.25 |
| Cash Ratio | 0.97 | 0.97 | 1.65 | 1.99 | 1.94 | 1.03 | 1.52 | 0.94 | 0.32 | 0.23 | 0.20 |
| Asset Turnover | — | 2.51 | 2.32 | 2.39 | 2.56 | 2.38 | 2.81 | 3.04 | 4.15 | 4.66 | 3.74 |
| Inventory Turnover | 5.34 | 5.34 | 5.29 | 5.77 | 7.35 | 7.81 | 9.08 | 6.92 | 4.54 | 5.90 | 4.26 |
| Days Sales Outstanding | — | 16.63 | 8.88 | 16.27 | 17.04 | 18.56 | 9.12 | 13.34 | 0.64 | 4.95 | 2.16 |
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 | 2.0% | 4.2% | 3.6% | 5.6% | 11.0% | 9.1% | 4.6% | 7.4% | 5.3% | 7.5% | — |
| FCF Yield | 0.2% | 0.4% | 3.6% | 2.8% | 6.9% | — | 0.7% | — | 1.5% | — | — |
| Buyback Yield | 0.0% | 0.1% | 1.3% | 1.7% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 0.0% | 0.1% | 1.3% | 1.7% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Shares Outstanding | — | $26M | $26M | $27M | $27M | $27M | $27M | $27M | $27M | $27M | $13M |
Commodity price volatility exposure
According to current market data, Envela trades at a TTM P/E of 49.62, which appears to price in significant future earnings expansion relative to the broader consumer cyclical sector and suggests investors are paying a premium for the company's pivot toward high-growth IT asset disposition services.
The elevated P/E and P/S multiples indicate that the market is assigning a growth-oriented valuation to Envela, likely anticipating that the ITAD segment will provide more durable, higher-margin revenue than the legacy bullion business. However, the PEG ratio of 2.69 warrants caution, as it suggests the current share price may be outpacing the immediate earnings growth trajectory, leaving little room for error if commodity-linked margins contract.
Based on reported financial statements, Envela’s ROIC has expanded from 2.4% in 2023Q4 to 13.3% in 2026Q1, demonstrating a clear trend of improved capital efficiency as the company successfully scales its circular economy infrastructure and optimizes its asset base for higher throughput.
The steady climb in ROIC suggests that management is effectively deploying capital into the ITAD segment, which appears to be generating superior returns compared to the more capital-intensive retail jewelry operations. This trend of compounding returns on invested capital is a positive indicator of operational maturity, provided the company can maintain these margins without requiring significant additional debt financing.
As reported in recent filings, Envela’s cash conversion cycle has compressed from 88 days in 2023Q4 to 42 days in 2026Q1, reflecting a significant improvement in inventory management and a faster turnover of assets within the company's dual-sided retail and commercial recycling business model.
The reduction in days inventory outstanding (DIO) from 78 to 40 days over the same period suggests that the company is becoming more adept at liquidating precious metals and refurbished electronics, thereby reducing the capital tied up in non-productive inventory. This efficiency gain is critical for a business model that relies on narrow spreads, as faster turnover directly enhances the velocity of cash generation.
Based on an analysis of Envela's financial structure, the most commonly misapplied metric is total revenue, which obscures the underlying profitability of the service-oriented ITAD segment by conflating it with high-volume, low-margin bullion trading that dominates the top-line figures reported in standard financial statements.
Investors should prioritize Gross Profit per employee or per square foot over total revenue to better assess the true earning power of the company's retail and commercial footprint. Relying on revenue growth alone may lead to an overestimation of the company's margin stability, as bullion sales can artificially inflate top-line growth without contributing proportionally to the bottom line.
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying ELA stock.
Envela Corporation's current P/E ratio is 49.6x. The historical average is 40.0x. This places it at the 73th percentile of its historical range.
Envela Corporation's current EV/EBITDA is 36.2x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 32.0x.
Envela Corporation's return on equity (ROE) is 24.4%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 6.2%.
Based on historical data, Envela Corporation is trading at a P/E of 49.6x. This is at the 73th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Envela Corporation has 22.4% gross margin and 7.5% operating margin.
Envela Corporation's Debt/EBITDA ratio is 1.0x, indicating low leverage. A ratio below 2x is generally considered financially healthy.