Latest Ratios: P/E Ratio -0.0x · EV/EBITDA N/A · ROE -15.5%. (2018–2025 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 |
|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $11951 | $5M | $516M | $981M | $3.4B | $18.8B | — | — | — |
| Enterprise Value | $11M | $16M | $526M | $970M | $3.4B | $18.8B | — | — | — |
| P/E Ratio → | -0.00 | — | — | — | — | — | — | — | — |
| P/S Ratio | 0.00 | 0.24 | 28.32 | 107.10 | 193.52 | 803.03 | — | — | — |
| P/B Ratio | 0.00 | 0.10 | 8.46 | 14.76 | 100.34 | 578.07 | — | — | — |
| 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 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.77 | 28.88 | 105.89 | 193.43 | 802.79 | — | — | — |
| 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 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 6.5% | 6.5% | 9.3% | 11.3% | 1.3% | 1.6% | 10.1% | 61.2% | 47.7% |
| Operating Margin | -9.5% | -9.5% | -12.8% | -34.8% | -37.2% | -16.6% | 0.5% | 43.3% | 33.2% |
| Net Profit Margin | -42.4% | -42.4% | -40.0% | -74.0% | -37.2% | -12.7% | 1.0% | 37.3% | 16.1% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| ROE | -15.5% | -15.5% | -11.4% | -13.6% | -19.6% | -13.0% | 1.2% | 20.5% | 7.7% |
| ROA | -11.3% | -11.3% | -8.7% | -10.5% | -14.4% | -9.6% | 0.8% | 11.8% | 3.7% |
| ROIC | -2.2% | -2.2% | -2.8% | -5.5% | -16.5% | -14.5% | 0.5% | 22.0% | 12.1% |
| ROCE | -3.1% | -3.1% | -3.3% | -6.1% | -19.6% | -17.0% | 0.6% | 23.7% | 16.0% |
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 |
|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.22 | 0.22 | 0.24 | 0.09 | 0.08 | 0.01 | 0.02 | 0.00 | — |
| Debt / EBITDA | — | — | — | — | — | — | 1.90 | 0.01 | — |
| Net Debt / Equity | — | 0.21 | 0.17 | -0.17 | -0.05 | -0.17 | -0.00 | -0.29 | -0.00 |
| Net Debt / EBITDA | — | — | — | — | — | — | -0.26 | -1.13 | -0.02 |
| Debt / FCF | — | — | — | — | — | — | -0.02 | — | -0.03 |
| Interest Coverage | -63.07 | -63.07 | -78.60 | -218.77 | -170.28 | -61.49 | 31.42 | 141.66 | — |
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 |
|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 3.21 | 3.21 | 2.45 | 4.79 | 2.37 | 2.92 | 2.45 | 2.44 | 1.37 |
| Quick Ratio | 2.39 | 2.39 | 1.42 | 3.02 | 1.59 | 2.04 | 1.91 | 1.03 | 1.36 |
| Cash Ratio | 0.04 | 0.04 | 0.35 | 1.63 | 0.37 | 0.87 | 0.38 | 0.53 | 0.00 |
| Asset Turnover | — | 0.30 | 0.21 | 0.11 | 0.37 | 0.56 | 0.77 | 0.27 | 0.23 |
| Inventory Turnover | 1.98 | 1.98 | 0.95 | 0.42 | 1.57 | 2.77 | 3.84 | 0.21 | 29.35 |
| Days Sales Outstanding | — | 484.87 | 221.49 | 553.12 | 356.01 | 161.64 | 205.48 | 219.47 | 815.91 |
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 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | — | — | — | — |
| FCF Yield | — | — | — | — | — | — | — | — | — |
| Buyback Yield | 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% | — | — | — |
| Shares Outstanding | — | $9054 | $104245 | $45882 | $54652 | $42942 | $31200 | $31200 | $31200 |
Liquidity and Going Concern
According to recent financial filings, EZGO's gross margin of 4.8% in 2025Q4 highlights a persistent inability to achieve economies of scale, leaving the company with insufficient pricing power to cover its operating expenses in a highly commoditized Chinese micro-mobility market.
The company's inability to maintain gross margins above single digits suggests that its manufacturing and charging infrastructure segments are struggling with high input costs and intense competitive pressure. Investors should note that the negative operating margin of -6.6% indicates that fixed costs remain unabsorbed, further eroding the company's core earning power.
As reported in financial statements, EZGO's ROIC of -1.1% in 2025Q4 reflects a consistent failure to generate adequate returns on invested capital, suggesting that recent infrastructure investments have not yet contributed to meaningful value creation for shareholders.
The persistent negative trend in ROIC over the last ten quarters indicates that capital is being deployed into projects that fail to exceed the company's cost of capital. This trend warrants investigation into whether the current strategy of expanding charging infrastructure is fundamentally flawed or merely suffering from a lack of sufficient utilization.
Based on the company's reported figures, the cash conversion cycle reached 201 days in 2025Q4, indicating significant inefficiencies in inventory management and a reliance on extended payment terms that exacerbate the company's already precarious liquidity position.
The high days sales outstanding and days inventory outstanding suggest that EZGO is struggling to convert its hardware sales into cash efficiently. This operational drag forces the company to tie up limited capital in working capital, further limiting its ability to fund ongoing research and development.
Financial data reveals that EZGO's cash and equivalents have dwindled to approximately $517,337 as of 2025Q4, a level that appears insufficient to sustain operations given the company's history of persistent net losses and negative free cash flow generation.
While the current ratio of 3.21 might appear superficially healthy, the composition of these assets—likely heavily weighted toward inventory and receivables—suggests that the company's actual ability to meet short-term obligations under stress is significantly lower. The rapid depletion of cash reserves warrants immediate monitoring of potential future dilutive financing.
Investors frequently misapply price-to-sales multiples to EZGO, which obscures the company's fundamental inability to convert top-line revenue into positive cash flow, thereby ignoring the critical risk that the business model may be fundamentally unsustainable without continuous external capital injections.
Using P/S ratios for a company with negative margins and a burning cash position is misleading, as it ignores the underlying cost structure and the lack of profitability. A more appropriate metric would be a focus on cash burn rates and the unit economics of the charging infrastructure, which are the true drivers of potential long-term viability.
Includes 30+ ratios · 8 years · Updated daily
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Quick answers to the most common questions about buying EZGO stock.
EZGO Technologies Ltd.'s current P/E ratio is -0.0x. This places it at the 50th percentile of its historical range.
EZGO Technologies Ltd.'s return on equity (ROE) is -15.5%. The historical average is -5.5%.
Based on historical data, EZGO Technologies Ltd. is trading at a P/E of -0.0x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
EZGO Technologies Ltd. has 6.5% gross margin and -9.5% operating margin.