Latest Ratios: P/E Ratio -1.3x · EV/EBITDA N/A · ROE -247.9%. (1999–2025 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 | $106M | $104M | $228M | $250M | $293M | $44M | $9M | $3M | $2M | $2M | $1M |
| Enterprise Value | $120M | $118M | $238M | $249M | $289M | $50M | $18M | $11M | $4M | $2M | $1M |
| P/E Ratio → | -1.25 | — | — | — | 41.00 | — | — | — | — | — | — |
| P/S Ratio | 3.09 | 3.03 | 5.19 | 6.22 | 5.50 | 1.60 | 1.48 | 0.58 | 6.72 | — | — |
| P/B Ratio | — | — | 3.64 | 7.15 | 12.61 | 4.49 | — | — | — | 13.34 | 4.56 |
| P/FCF | — | — | — | — | 63.54 | — | — | — | — | — | — |
| P/OCF | — | — | 37.11 | — | 16.23 | 13.93 | — | — | — | — | — |
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 | — | 3.44 | 5.41 | 6.20 | 5.43 | 1.81 | 3.06 | 1.92 | 10.61 | — | — |
| EV / EBITDA | — | — | — | — | 26.29 | 23.08 | — | — | — | 26337.57 | — |
| EV / EBIT | — | — | — | — | 37.05 | — | — | — | — | — | — |
| EV / FCF | — | — | — | — | 62.69 | — | — | — | — | — | — |
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 | -19.3% | -19.3% | 7.9% | 13.4% | 44.7% | 35.4% | 42.2% | 35.9% | 89.6% | — | — |
| Operating Margin | -58.6% | -58.6% | -31.0% | -29.0% | 16.5% | -1.7% | -293.6% | -105.6% | -260.0% | — | — |
| Net Profit Margin | -210.7% | -210.7% | -36.8% | -31.1% | 13.3% | -67.3% | -281.1% | -114.2% | -288.6% | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -247.9% | -247.9% | -33.2% | -42.9% | 42.8% | -189.3% | — | — | — | -386.4% | -155.0% |
| ROA | -76.0% | -76.0% | -15.0% | -15.2% | 11.6% | -60.7% | -151.2% | -102.3% | -85.6% | -218.3% | -131.2% |
| ROIC | -36.7% | -36.7% | -19.3% | -32.8% | 37.7% | -10.6% | — | -225.4% | -94.4% | -215.7% | -63.6% |
| ROCE | -27.8% | -27.8% | -16.1% | -19.1% | 19.1% | -2.2% | -252.0% | -122.6% | -127.9% | -282.6% | -71.4% |
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 | — | — | 0.19 | 0.19 | 0.34 | 0.96 | — | — | — | 1.44 | 0.20 |
| Debt / EBITDA | — | — | — | — | 0.73 | 4.36 | — | — | — | 2675.68 | — |
| Net Debt / Equity | — | — | 0.15 | -0.03 | -0.17 | 0.59 | — | — | — | 0.83 | -0.03 |
| Net Debt / EBITDA | — | — | — | — | -0.36 | 2.69 | — | — | — | 1548.43 | — |
| Debt / FCF | — | — | — | — | -0.85 | — | — | — | — | — | — |
| Interest Coverage | -12.95 | -12.95 | -9.69 | -11.60 | 15.31 | -1.16 | -31.30 | -12.21 | -9.05 | -10.37 | -51.34 |
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 | 0.34 | 0.34 | 0.58 | 0.75 | 1.29 | 1.09 | 0.37 | 0.76 | 0.50 | 0.38 | 3.67 |
| Quick Ratio | 0.28 | 0.28 | 0.52 | 0.69 | 1.19 | 1.00 | 0.28 | 0.55 | 0.50 | 0.38 | 3.67 |
| Cash Ratio | 0.05 | 0.05 | 0.11 | 0.31 | 0.68 | 0.30 | 0.03 | — | 0.11 | 0.38 | 3.05 |
| Asset Turnover | — | 0.52 | 0.36 | 0.43 | 0.74 | 0.55 | 0.53 | 0.53 | 0.18 | — | — |
| Inventory Turnover | 32.34 | 32.34 | 31.10 | 24.25 | 16.02 | 17.24 | 6.52 | 7.83 | — | — | — |
| Days Sales Outstanding | — | 54.66 | 67.58 | 75.97 | 53.30 | 101.99 | 76.28 | 61.58 | 129.04 | — | — |
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 | — | — | — | — | 2.4% | — | — | — | — | — | — |
| FCF Yield | — | — | — | — | 1.6% | — | — | — | — | — | — |
| 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 | — | $34M | $30M | $23M | $24M | $4M | $6M | $5M | $3M | $3M | $2M |
Imminent liquidity and insolvency
Based on reported financial statements, Empire Petroleum trades at a P/S multiple of 3.09, which appears disconnected from its negative net margins and persistent revenue contraction, suggesting that the market may be pricing in speculative recovery potential rather than the company's current, highly challenged operational reality.
The negative P/E of -1.25 underscores the absence of sustainable earnings, rendering traditional earnings-based valuation metrics largely irrelevant for this entity. Investors should monitor whether the current premium to book value is supported by underlying reserve quality or if it represents an overvaluation of assets that may face future impairment.
As reported in recent financial filings, Empire Petroleum's ROIC has remained consistently negative, reaching -22.7% in 2026Q1, which indicates that the company is currently destroying shareholder value rather than compounding it through its acquisition-heavy strategy of mature, low-decline conventional oil and gas assets.
The inability to generate positive returns on invested capital suggests that the costs associated with maintaining aging infrastructure significantly outweigh the economic benefits of the production. This trend warrants further investigation into whether management's capital allocation strategy is fundamentally flawed or merely hampered by current commodity price cycles.
According to quarterly data, the company's asset turnover ratio remains extremely low at 0.11, reflecting a structural inability to generate meaningful revenue from its asset base, while the erratic cash conversion cycle suggests significant friction in managing payables and receivables across its fragmented multi-state operations.
The high DPO relative to historical norms may indicate a reliance on extended supplier credit to manage liquidity, which is a precarious strategy given the company's negative gross margins. This operational inefficiency appears to be a primary driver of the firm's inability to achieve self-sustaining cash flow.
Based on the most recent quarterly data, the company's current ratio has plummeted to 0.59, indicating that current assets are insufficient to cover short-term obligations, a situation that leaves the firm highly vulnerable to any further deterioration in commodity prices or unexpected operational disruptions.
The reliance on a minimal cash position of $1.189M suggests that the company lacks the necessary financial cushion to navigate periods of negative cash flow. Investors should monitor the risk of potential dilutive financing, as the current liquidity profile appears inadequate for sustaining long-term operations.
The most commonly misapplied metric for Empire Petroleum is the P/S ratio, which obscures the company's inability to convert revenue into gross profit, thereby misleading investors into viewing the firm as a standard growth-oriented E&P rather than a distressed operator with a negative margin profile.
Analysts should instead prioritize the LOE per BOE and the ratio of maintenance capital expenditures to total production, as these metrics provide a more accurate assessment of the company's true economic viability. Relying on top-line multiples ignores the reality that every additional barrel produced may currently be contributing to net losses.
Includes 30+ ratios · 27 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 EP stock.
Empire Petroleum Corporation's current P/E ratio is -1.3x. The historical average is 41.0x.
Empire Petroleum Corporation's return on equity (ROE) is -247.9%. The historical average is -132.2%.
Based on historical data, Empire Petroleum Corporation is trading at a P/E of -1.3x. Compare with industry peers and growth rates for a complete picture.
Empire Petroleum Corporation has -19.3% gross margin and -58.6% operating margin.