Latest Ratios: P/E Ratio -25.8x · EV/EBITDA 6.4x · ROE -5.2%. (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 | $136M | $107M | $136M | $114M | $155M | $136M | $93M | $90M | $120M | $1.9B | $3.2B |
| Enterprise Value | $178M | $149M | $130M | $102M | $110M | $109M | $80M | $75M | $106M | $1.9B | $3.2B |
| P/E Ratio → | -25.81 | — | 70.65 | 16.39 | 4.39 | 11.59 | 106.61 | 10.31 | 18.21 | 263.43 | — |
| P/S Ratio | 2.63 | 2.07 | 4.32 | 3.72 | 2.22 | 3.20 | 3.82 | 3.35 | 4.04 | 71.55 | 124.59 |
| P/B Ratio | 0.99 | 0.85 | 1.41 | 1.14 | 1.49 | 1.71 | 1.35 | 1.17 | 1.72 | 23.03 | 49.79 |
| P/FCF | 26.02 | 20.44 | — | — | 5.18 | 8.96 | 11.24 | 83.68 | 15.17 | — | 291.26 |
| P/OCF | 6.59 | 5.18 | 8.09 | 6.29 | 4.08 | 6.77 | 6.29 | 6.89 | 11.87 | 109.81 | 283.06 |
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 | — | 2.89 | 4.13 | 3.30 | 1.57 | 2.57 | 3.27 | 2.83 | 3.56 | 71.29 | 124.95 |
| EV / EBITDA | 6.41 | 5.36 | 9.56 | 7.75 | 2.06 | 4.00 | 9.32 | 4.85 | 6.29 | 111.04 | 223.25 |
| EV / EBIT | 11.40 | — | 36.12 | 9.93 | 2.31 | 6.74 | 51.07 | 5.99 | 14.00 | 306.18 | 1731.77 |
| EV / FCF | — | 28.51 | — | — | 3.67 | 7.21 | 9.64 | 70.55 | 13.35 | — | 292.12 |
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 | 47.6% | 47.6% | 37.5% | 46.1% | 77.3% | 64.0% | 26.1% | 42.7% | 49.0% | 39.8% | 17.6% |
| Operating Margin | 30.3% | 30.3% | 10.9% | 17.6% | 67.1% | 48.6% | -4.0% | 30.7% | 32.4% | 23.1% | 9.2% |
| Net Profit Margin | -11.2% | -11.2% | 6.1% | 22.6% | 50.5% | 27.4% | 3.6% | 32.6% | 22.4% | 45.0% | -11.6% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -5.2% | -5.2% | 2.0% | 6.8% | 38.5% | 15.7% | 1.2% | 11.9% | 8.7% | 16.5% | -4.5% |
| ROA | -3.3% | -3.3% | 1.6% | 5.6% | 31.7% | 12.5% | 0.9% | 9.4% | 6.5% | 10.0% | -2.4% |
| ROIC | 9.1% | 9.1% | 2.9% | 5.5% | 63.0% | 28.5% | -1.2% | 10.4% | 10.9% | 6.2% | 2.2% |
| ROCE | 9.9% | 9.9% | 3.0% | 4.6% | 44.8% | 23.7% | -1.1% | 9.5% | 10.3% | 6.7% | 2.4% |
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 | 0.41 | 0.41 | 0.00 | 0.01 | 0.00 | — | — | — | — | 0.03 | 0.64 |
| Debt / EBITDA | 1.84 | 1.84 | 0.04 | 0.04 | 0.00 | — | — | — | — | 0.17 | 2.87 |
| Net Debt / Equity | — | 0.34 | -0.06 | -0.13 | -0.43 | -0.33 | -0.19 | -0.18 | -0.21 | -0.08 | 0.15 |
| Net Debt / EBITDA | 1.52 | 1.52 | -0.44 | -0.98 | -0.85 | -0.97 | -1.55 | -0.90 | -0.86 | -0.41 | 0.66 |
| Debt / FCF | — | 8.07 | — | — | -1.51 | -1.75 | -1.60 | -13.13 | -1.82 | — | 0.86 |
| Interest Coverage | -7.71 | -7.71 | 77.66 | 127.22 | 936.61 | 159.49 | 13.67 | 109.15 | 53.51 | 6.56 | 0.47 |
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 | 1.31 | 1.31 | 2.02 | 5.21 | 8.92 | 4.20 | 3.94 | 2.99 | 3.14 | 1.31 | 0.79 |
| Quick Ratio | 1.31 | 1.31 | 2.02 | 5.21 | 8.92 | 4.20 | 3.94 | 2.99 | 3.11 | 1.24 | 0.78 |
| Cash Ratio | 0.36 | 0.36 | 0.93 | 4.08 | 7.27 | 3.51 | 2.94 | 1.87 | 2.27 | 0.91 | 0.68 |
| Asset Turnover | — | 0.23 | 0.26 | 0.25 | 0.56 | 0.43 | 0.28 | 0.27 | 0.34 | 0.23 | 0.20 |
| Inventory Turnover | — | — | — | — | — | — | — | — | 73.54 | 19.86 | 39.44 |
| Days Sales Outstanding | — | 114.14 | 67.66 | 71.45 | 37.57 | 39.57 | 58.54 | 58.76 | 62.00 | 45.18 | 63.06 |
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 | 4.8% | 5.6% | 4.0% | 4.9% | 3.8% | — | — | — | — | — | — |
| Payout Ratio | — | — | 284.6% | 80.6% | 16.6% | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | 1.4% | 6.1% | 22.8% | 8.6% | 0.9% | 9.7% | 5.5% | 0.4% | — |
| FCF Yield | 3.8% | 4.9% | — | — | 19.3% | 11.2% | 8.9% | 1.2% | 6.6% | — | 0.3% |
| Buyback Yield | 0.0% | 0.0% | 1.3% | 5.3% | 4.0% | 1.8% | 9.7% | 3.2% | 0.6% | 0.0% | 0.0% |
| Total Shareholder Yield | 4.8% | 5.6% | 5.4% | 10.2% | 7.8% | 1.8% | 9.7% | 3.2% | 0.6% | 0.0% | 0.0% |
| Shares Outstanding | — | $23M | $22M | $23M | $23M | $24M | $25M | $27M | $27M | $26M | $23M |
Non-operator capital expenditure volatility
According to recent market data, Epsilon Energy trades at a forward P/E of 15.94, suggesting that investors are pricing in a recovery from recent non-cash losses, though the negative TTM P/E of -25.81 highlights the difficulty in normalizing earnings for this hybrid E&P model.
The current P/S ratio of 2.63 appears elevated relative to pure-play E&P peers, likely reflecting the market's attempt to assign a premium to the company's midstream gathering assets. Investors should monitor whether the forward earnings multiple compresses as the Anadarko Basin production ramps up and stabilizes the bottom line.
As reported in financial statements, Epsilon Energy's ROIC has fluctuated significantly, reaching 5.7% in 2026Q1, which indicates that the company's ability to compound capital is frequently obscured by lumpy DD&A charges and periodic asset write-downs inherent in its reserve-heavy business model.
The volatility in ROIC suggests that management's capital allocation is highly sensitive to the timing of reserve development. While the 5.7% return shows potential for value creation, the historical trend of sub-2% returns in several quarters warrants further investigation into the long-term profitability of its non-operated well interests.
Based on Epsilon Energy's reported figures, the company's DSO has hovered between 39 and 64 days over the last ten quarters, reflecting the inherent challenges in managing receivables within a non-operator framework where production timing is dictated by third-party partners rather than internal corporate strategy.
The lack of consistent DIO and CCC data suggests that inventory management is not a primary operational lever for the company, given its focus on gathering and production. The variability in DSO implies that cash conversion is subject to the payment cycles of larger operators, which may create temporary liquidity friction.
As indicated in recent SEC filings, Epsilon Energy maintains a near-zero debt profile with a D/E ratio of 0.00 as of 2026Q1, positioning the company as a significant outlier compared to the more leveraged capital structures typically observed among its small-cap Appalachian natural gas exploration peers.
This lack of debt service obligations provides a substantial safety buffer against commodity price volatility and interest rate fluctuations. The company's ability to maintain this posture suggests a conservative capital allocation strategy that prioritizes balance sheet integrity over aggressive, debt-funded expansion in the Anadarko Basin.
Analysis of the company's financial ratios suggests that the net margin is the most commonly misapplied metric for Epsilon Energy, as it frequently reflects non-cash ceiling test impairments rather than the underlying cash-generating capacity of the firm's upstream and midstream assets.
Investors should prioritize FCF margins and operating margins over net income to better gauge the company's true earning power. Relying on net margin in this context may lead to an overly pessimistic view of the company's operational health, as it fails to account for the non-cash nature of DD&A.
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Quick answers to the most common questions about buying EPSN stock.
Epsilon Energy Ltd.'s current P/E ratio is -25.8x. The historical average is 34.0x.
Epsilon Energy Ltd.'s current EV/EBITDA is 6.4x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 9.5x.
Epsilon Energy Ltd.'s return on equity (ROE) is -5.2%. The historical average is 0.6%.
Based on historical data, Epsilon Energy Ltd. is trading at a P/E of -25.8x. Compare with industry peers and growth rates for a complete picture.
Epsilon Energy Ltd.'s current dividend yield is 4.81%.
Epsilon Energy Ltd. has 47.6% gross margin and 30.3% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
Epsilon Energy Ltd.'s Debt/EBITDA ratio is 1.8x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.