Latest Ratios: P/E Ratio 286.2x · EV/EBITDA 41.4x · ROE 0.4%. (2006–2025 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 | $1.1B | $536M | — | — | — | — | — | — | — | — | — |
| Enterprise Value | $999M | $484M | — | — | — | — | — | — | — | — | — |
| P/E Ratio → | 286.16 | 297.20 | — | — | — | — | — | — | — | — | — |
| P/S Ratio | 23.69 | 12.07 | — | — | — | — | — | — | — | — | — |
| P/B Ratio | 0.66 | 0.69 | — | — | — | — | — | — | — | — | — |
| P/FCF | — | — | — | — | — | — | — | — | — | — | — |
| P/OCF | 34.14 | 17.40 | — | — | — | — | — | — | — | — | — |
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 | — | 10.89 | — | — | — | — | — | — | — | — | — |
| EV / EBITDA | 41.43 | 20.05 | — | — | — | — | — | — | — | — | — |
| EV / EBIT | 133.67 | 64.67 | — | — | — | — | — | — | — | — | — |
| 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 | 62.5% | 62.5% | 55.8% | 40.7% | 42.5% | 56.4% | 67.0% | -11.3% | 18.9% | 18.8% | 43.7% |
| Operating Margin | 16.8% | 16.8% | 4.4% | -27.2% | -35.0% | -4.8% | 34.0% | -66.4% | -100.1% | -97.4% | -101.6% |
| Net Profit Margin | 4.1% | 4.1% | -2.2% | -33.2% | -188.9% | -71.5% | -51.4% | -144.4% | -131.5% | -140.4% | -170.1% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 0.4% | 0.4% | -0.2% | -2.6% | -17.8% | -12.1% | -21.6% | — | -220.1% | -197.9% | -138.7% |
| ROA | 0.3% | 0.3% | -0.2% | -2.1% | -13.3% | -9.0% | -18.5% | -86.0% | -59.6% | -69.5% | -59.4% |
| ROIC | 1.2% | 1.2% | 0.3% | -1.5% | -2.1% | -0.6% | 17.4% | -122.4% | -82.0% | -122.5% | -126.9% |
| ROCE | 1.4% | 1.4% | 0.4% | -1.8% | -2.6% | -0.6% | 14.3% | — | -130.6% | -119.4% | -74.9% |
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 | 0.00 | 0.00 | 0.01 | 0.19 | 0.21 | 0.48 | — | — | 0.89 | 0.79 | 0.27 |
| Debt / EBITDA | 0.02 | 0.02 | 0.36 | 7.77 | 15.10 | 9.59 | — | — | — | — | — |
| Net Debt / Equity | — | -0.07 | -0.01 | 0.12 | 0.09 | 0.36 | -0.41 | — | 0.47 | 0.59 | -0.53 |
| Net Debt / EBITDA | -2.18 | -2.18 | -0.23 | 4.85 | 6.32 | 7.19 | -3.03 | — | — | — | — |
| Debt / FCF | — | — | -0.50 | 5.09 | — | — | — | — | — | — | — |
| Interest Coverage | 15.37 | 15.37 | 0.49 | -0.48 | -3.28 | -0.11 | 0.09 | -11.08 | -6.10 | -7.00 | -10.58 |
Net cash position: cash ($53M) exceeds total debt ($489000)
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 | 6.58 | 6.58 | 6.30 | 9.42 | 5.44 | 5.32 | 10.69 | 0.60 | 0.32 | 0.44 | 0.80 |
| Quick Ratio | 6.58 | 6.58 | 6.30 | 9.42 | 5.44 | 5.32 | 10.69 | 0.60 | 0.29 | 0.32 | 0.74 |
| Cash Ratio | 4.83 | 4.83 | 1.33 | 5.66 | 2.36 | 3.83 | 9.62 | 0.01 | 0.17 | 0.09 | 0.58 |
| Asset Turnover | — | 0.05 | 0.08 | 0.06 | 0.05 | 0.09 | 0.19 | 0.90 | 0.48 | 0.56 | 0.35 |
| Inventory Turnover | — | — | — | — | — | — | — | — | 16.40 | 5.94 | 5.88 |
| Days Sales Outstanding | — | 206.75 | 384.61 | 215.19 | 113.90 | 118.26 | 74.73 | 0.47 | 53.33 | 83.47 | 79.24 |
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 | 0.3% | 0.3% | — | — | — | — | — | — | — | — | — |
| FCF Yield | — | — | — | — | — | — | — | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | — | — | — | — | — | — | — | — | — |
| Total Shareholder Yield | 0.0% | 0.0% | — | — | — | — | — | — | — | — | — |
| Shares Outstanding | — | $32M | $20M | $19M | $10M | $7M | $3M | $23948 | $18032 | $12722 | $8888 |
Geopolitical Asset Concentration Risk
According to current market data, ELE trades at a forward P/E of 43.27, which suggests that investors are pricing in significant future royalty production growth rather than current earnings, a valuation stance that appears aggressive when compared to the more established, lower-multiple profiles of senior royalty peers.
The elevated EV/EBITDA multiple of 41.38 indicates that the market is assigning a high premium to the company's project generation pipeline. This valuation implies that investors expect the current exploration-stage assets to convert into cash-flowing royalties at a rate that justifies the current price, warranting caution if conversion timelines slip.
As reported in financial statements, ELE's ROIC has struggled to maintain positive momentum, fluctuating near 0.7% in 2026Q1, which indicates that the company has yet to achieve the compounding returns on invested capital typically expected from a mature, asset-light royalty business model in the mining sector.
The low ROIC suggests that the heavy capital outlays required for recent acquisitions have not yet been fully offset by commensurate royalty income. Investors should monitor whether the integration of the Caserones asset can drive a sustained improvement in capital efficiency as the portfolio matures.
Based on quarterly filings, ELE's DSO has shown significant volatility, reaching 94 days in 2026Q1, which suggests that the timing of royalty payments from third-party operators remains inconsistent and may create periodic liquidity noise that complicates the company's ability to forecast short-term cash inflows accurately.
The high DSO relative to industry norms implies that ELE lacks significant leverage over its mining operators regarding payment terms. This inefficiency in the cash conversion cycle warrants further investigation into the specific contractual payment structures governing the company's most significant royalty interests.
As indicated by the latest balance sheet data, ELE maintains a 0.00% debt-to-equity ratio, a position that provides a fortress-like foundation for the company to navigate sector volatility and pursue opportunistic acquisitions without the burden of interest coverage requirements that constrain more leveraged junior mining peers.
The absence of debt is a critical differentiator for ELE, allowing it to withstand prolonged commodity price downturns that might otherwise force competitors into dilutive financing. This financial flexibility appears to be a core component of management's strategy to build scale through the current cycle.
Based on an analysis of accounting practices, the P/E ratio is the most commonly misapplied metric for ELE, as it fails to account for the heavy non-cash depletion charges that artificially depress net income and distort the company's actual cash-generative capacity relative to its peers.
Investors should prioritize Adjusted EBITDA or Operating Cash Flow over P/E to gain a clearer picture of the business's underlying performance. Relying on P/E in this context likely leads to an overly pessimistic view of the company's valuation and its ability to fund future growth.
Includes 30+ ratios · 20 years · Updated daily
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Quick answers to the most common questions about buying ELE stock.
Elemental Royalty Corporation Common Stock's current P/E ratio is 286.2x. This places it at the 50th percentile of its historical range.
Elemental Royalty Corporation Common Stock's current EV/EBITDA is 41.4x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 20.0x.
Elemental Royalty Corporation Common Stock's return on equity (ROE) is 0.4%. The historical average is -70.6%.
Based on historical data, Elemental Royalty Corporation Common Stock is trading at a P/E of 286.2x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Elemental Royalty Corporation Common Stock has 62.5% gross margin and 16.8% operating margin. Operating margin between 10-20% is typical for established companies.
Elemental Royalty Corporation Common Stock's Debt/EBITDA ratio is 0.0x, indicating low leverage. A ratio below 2x is generally considered financially healthy.