Latest Ratios: P/E Ratio -4.7x · EV/EBITDA N/A · ROE -33.0%. (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 2023 |
|---|---|---|---|
| Market Cap | $12M | $8M | — |
| Enterprise Value | $10M | $7M | — |
| P/E Ratio → | -4.68 | — | — |
| P/S Ratio | 4.41 | 3.16 | — |
| P/B Ratio | 0.80 | 0.64 | — |
| 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 2023 |
|---|---|---|---|
| EV / Revenue | — | 2.67 | — |
| 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 2023 |
|---|---|---|---|
| Gross Margin | 0.7% | 0.7% | 7.1% |
| Operating Margin | -93.9% | -93.9% | -7.8% |
| Net Profit Margin | -82.0% | -82.0% | -8.6% |
| Metric | TTM | FY 2025 | FY 2023 |
|---|---|---|---|
| ROE | -33.0% | -33.0% | -521.5% |
| ROA | -30.3% | -30.3% | -28.8% |
| ROIC | -30.0% | -30.0% | -22.5% |
| ROCE | -36.7% | -36.7% | -41.1% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2023 |
|---|---|---|---|
| Debt / Equity | — | — | 16.20 |
| Debt / EBITDA | — | — | 15.70 |
| Net Debt / Equity | — | -0.10 | 14.83 |
| Net Debt / EBITDA | — | — | 14.37 |
| Debt / FCF | — | — | — |
| Interest Coverage | -10.97 | -10.97 | -6.04 |
Net cash position: cash ($1M) exceeds total debt ($0)
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2023 |
|---|---|---|---|
| Current Ratio | 24.13 | 24.13 | 0.59 |
| Quick Ratio | 24.13 | 24.13 | 0.59 |
| Cash Ratio | 2.55 | 2.55 | 0.21 |
| Asset Turnover | — | 0.19 | 3.35 |
| Inventory Turnover | — | — | — |
| Days Sales Outstanding | — | 9.94 | 14.75 |
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 2023 |
|---|---|---|---|
| Dividend Yield | — | — | — |
| Payout Ratio | — | — | — |
| Metric | TTM | FY 2025 | FY 2023 |
|---|---|---|---|
| Earnings Yield | — | — | — |
| FCF Yield | — | — | — |
| Buyback Yield | 0.0% | 0.0% | — |
| Total Shareholder Yield | 0.0% | 0.0% | — |
| Shares Outstanding | — | $15M | $17M |
Rapid Cash Runway Depletion
According to recent financial data, ETS trades at a P/S ratio of 4.41, which appears disconnected from its negative operating margins and suggests that investors may be overestimating the company's growth potential relative to the significant capital required to sustain its current last-mile delivery operations.
The lack of a positive P/E or EV/EBITDA multiple reflects the company's inability to generate consistent earnings, rendering traditional valuation metrics largely inapplicable. Investors should monitor whether the current P/S premium is supported by genuine market share gains or if it merely reflects a speculative valuation of the firm's niche California-based service model.
As reported in financial statements, the company's gross margin has fluctuated wildly from -4.7% to 19.5% over the last ten quarters, indicating that ETS lacks the pricing power or cost control necessary to achieve stable profitability in the highly competitive Southern California logistics market.
The persistent negative operating margins, reaching -38.2% in 2026Q1, suggest that the core business model is currently incapable of covering its fixed administrative and overhead costs. This structural imbalance warrants further investigation into whether the company can ever achieve the scale required to reach break-even status.
Based on the company's reported figures, ROIC has remained consistently negative, bottoming out at -21.8% in 2025Q4, which highlights a fundamental failure to generate returns on invested capital that exceed the cost of maintaining the firm's truck and trailer fleet.
The downward trend in ROE and ROIC suggests that capital allocation has been inefficient, with investments failing to drive the operational leverage needed for long-term sustainability. This pattern of value destruction implies that the company is currently consuming rather than compounding its limited shareholder equity.
Data from recent filings indicates that asset turnover remains extremely low at 0.06x as of 2026Q1, suggesting that the company's asset base is significantly underutilized relative to its revenue generation capacity compared to more efficient regional logistics peers.
The erratic nature of DSO and DPO metrics suggests that management lacks a disciplined approach to managing its working capital cycle. This inefficiency exacerbates the company's liquidity constraints, as cash remains tied up in operations rather than being recycled to fund growth or cover immediate obligations.
Investors frequently misapply revenue growth as a primary indicator of health for ETS, ignoring that the 9.89% YoY increase may be driven by unsustainable pricing strategies that fail to cover the variable costs of delivery, thereby masking the underlying deterioration of the firm's financial position.
Instead of focusing on top-line growth, analysts should prioritize 'Contribution Margin per Delivery' to determine if the company is actually creating value with each shipment. Relying on revenue growth in a business with negative gross margins can lead to a dangerous misunderstanding of the company's true operational viability.
Includes 30+ ratios · 2 years · Updated daily
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Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying ETS stock.
Elite Express Holding Inc.'s current P/E ratio is -4.7x. This places it at the 50th percentile of its historical range.
Elite Express Holding Inc.'s return on equity (ROE) is -33.0%. The historical average is -33.0%.
Based on historical data, Elite Express Holding Inc. is trading at a P/E of -4.7x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Elite Express Holding Inc. has 0.7% gross margin and -93.9% operating margin.