Latest Ratios: P/E Ratio -7.9x · EV/EBITDA N/A · ROE -95.7%. (2023–2025 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 |
|---|---|---|---|---|
| Market Cap | $33M | $27M | — | — |
| Enterprise Value | $29M | $23M | — | — |
| P/E Ratio → | -7.91 | — | — | — |
| P/S Ratio | 1.54 | 1.23 | — | — |
| P/B Ratio | 7.54 | 6.04 | — | — |
| P/FCF | — | — | — | — |
| P/OCF | — | — | — | — |
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 |
|---|---|---|---|---|
| EV / Revenue | — | 1.04 | — | — |
| EV / EBITDA | — | — | — | — |
| EV / EBIT | — | — | — | — |
| 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 |
|---|---|---|---|---|
| Gross Margin | 18.5% | 18.5% | 13.7% | 5.0% |
| Operating Margin | -17.1% | -17.1% | -37.9% | -66.1% |
| Net Profit Margin | -19.6% | -19.6% | -40.9% | -68.6% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| ROE | -95.7% | -95.7% | — | — |
| ROA | -43.0% | -43.0% | -76.1% | -191.1% |
| ROIC | — | — | — | — |
| ROCE | -173.6% | -173.6% | — | — |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| Debt / Equity | 0.46 | 0.46 | — | — |
| Debt / EBITDA | — | — | — | — |
| Net Debt / Equity | — | -0.94 | — | — |
| Net Debt / EBITDA | — | — | — | — |
| Debt / FCF | — | — | — | — |
| Interest Coverage | -10.98 | -10.98 | -12.62 | -26.45 |
Net cash position: cash ($6M) exceeds total debt ($2M)
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| Current Ratio | 1.66 | 1.66 | 0.73 | 0.47 |
| Quick Ratio | 1.50 | 1.50 | 0.55 | 0.41 |
| Cash Ratio | 0.99 | 0.99 | 0.03 | 0.11 |
| Asset Turnover | — | 1.81 | 1.10 | 2.79 |
| Inventory Turnover | 17.54 | 17.54 | 4.56 | 23.90 |
| 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 |
|---|---|---|---|---|
| Dividend Yield | — | — | — | — |
| Payout Ratio | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| Earnings Yield | — | — | — | — |
| FCF Yield | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | — | — |
| Total Shareholder Yield | 0.0% | 0.0% | — | — |
| Shares Outstanding | — | $5M | $7M | $7M |
Persistent negative equity position
According to current market data, ELWT trades at a P/S ratio of 1.54, yet the negative P/E of -7.91 and lack of meaningful EV/EBITDA metrics suggest that traditional valuation multiples are currently ineffective for assessing the company's intrinsic value given its persistent lack of profitability.
The elevated P/B ratio of 7.54 appears disconnected from the company's underlying financial health, likely reflecting the severe erosion of shareholder equity rather than premium growth expectations. Investors should monitor whether these multiples represent a distressed valuation floor or merely a reflection of the firm's inability to generate positive earnings.
Based on reported financial statements, ELWT's ROIC of -3.6% in 2026Q1 highlights a fundamental inability to generate returns on invested capital, a trend that has persisted throughout the observed period and suggests that the company is currently destroying rather than creating value for its shareholders.
The ROE of -64.6% further underscores the severity of the capital destruction, as the company's negative net margins continue to deplete the equity base. This trend warrants further investigation into whether the current capital structure can support any future turnaround efforts without significant external dilution.
As reported in recent quarterly filings, the company's cash conversion cycle reached 48 days in 2026Q1, reflecting persistent inefficiencies in managing receivables and payables that hinder the firm's ability to optimize its limited liquidity in a highly competitive telecommunications services market.
The asset turnover ratio of 0.41 indicates that the company is struggling to generate sufficient revenue from its existing asset base, suggesting that operational capacity is significantly underutilized. This lack of efficiency appears to be a structural drag on the company's ability to achieve the scale necessary for profitability.
Data from the most recent balance sheet reveals that the Price-to-Book ratio is the most commonly misapplied metric for ELWT, as the company's negative equity position renders this ratio mathematically volatile and fundamentally misleading for assessing the firm's true valuation or its long-term financial stability.
Investors should instead focus on enterprise value relative to revenue or liquidity-based metrics, as the book value is currently distorted by accumulated losses. Relying on P/B in this context may lead to a false sense of security regarding the company's asset backing, which is effectively non-existent.
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Quick answers to the most common questions about buying ELWT stock.
Elauwit Connection, Inc. Common Stock's current P/E ratio is -7.9x. This places it at the 50th percentile of its historical range.
Elauwit Connection, Inc. Common Stock's return on equity (ROE) is -95.7%. The historical average is -95.7%.
Based on historical data, Elauwit Connection, Inc. Common Stock is trading at a P/E of -7.9x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Elauwit Connection, Inc. Common Stock has 18.5% gross margin and -17.1% operating margin.