Latest Ratios: P/E Ratio -0.0x · EV/EBITDA 142.3x · ROE -32.8%. (2021–2025 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 |
|---|---|---|---|---|---|---|
| Market Cap | $19541 | $50674 | $227943 | — | — | — |
| Enterprise Value | $12M | $48M | $22M | — | — | — |
| P/E Ratio → | -0.01 | — | — | — | — | — |
| P/S Ratio | 0.00 | 0.00 | 0.00 | — | — | — |
| P/B Ratio | 0.00 | 0.00 | 0.01 | — | — | — |
| 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 |
|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.40 | 0.24 | — | — | — |
| EV / EBITDA | 142.35 | 142.26 | — | — | — | — |
| 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 |
|---|---|---|---|---|---|---|
| Gross Margin | 11.6% | 11.6% | 6.9% | 12.1% | 13.7% | 12.6% |
| Operating Margin | -1.9% | -1.9% | -6.2% | 7.5% | 8.3% | 9.4% |
| Net Profit Margin | -6.4% | -6.4% | -5.7% | 4.8% | 6.2% | 7.6% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| ROE | -32.8% | -32.8% | -32.3% | 63.7% | 69.6% | 52.0% |
| ROA | -5.1% | -5.1% | -5.2% | 12.1% | 17.8% | 19.2% |
| ROIC | -2.9% | -2.9% | -11.5% | 44.0% | 120.1% | 67.4% |
| ROCE | -6.7% | -6.7% | -31.7% | 95.2% | 90.2% | 60.6% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Debt / Equity | 4.24 | 4.24 | 2.09 | 1.69 | 0.59 | 0.06 |
| Debt / EBITDA | 379.79 | 379.79 | — | 2.17 | 0.80 | 0.09 |
| Net Debt / Equity | — | 1.59 | 1.28 | 1.31 | -0.48 | -0.28 |
| Net Debt / EBITDA | 142.11 | 142.11 | — | 1.68 | -0.65 | -0.38 |
| Debt / FCF | — | — | — | — | — | -0.23 |
| Interest Coverage | -0.05 | -0.05 | -1.73 | 7.35 | 16.76 | 451.93 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Current Ratio | 1.16 | 1.16 | 0.89 | 1.16 | 1.27 | 1.51 |
| Quick Ratio | 1.14 | 1.14 | 0.86 | 1.13 | 1.21 | 1.41 |
| Cash Ratio | 0.57 | 0.57 | 0.15 | 0.08 | 0.31 | 0.21 |
| Asset Turnover | — | 0.64 | 0.79 | 1.77 | 1.85 | 2.53 |
| Inventory Turnover | 43.42 | 43.42 | 27.58 | 69.85 | 34.53 | 35.23 |
| Days Sales Outstanding | — | 191.63 | 221.24 | 168.26 | 128.57 | 104.12 |
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 |
|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | — |
| FCF Yield | — | — | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | — | — | — |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | — | — | — |
| Shares Outstanding | — | $3128 | $1767 | $1570 | $1570 | $1570 |
Includes 30+ ratios · 5 years · Updated daily
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10-year return with dividends reinvested.
Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying FGL stock.
Founder Group Limited's current P/E ratio is -0.0x. This places it at the 50th percentile of its historical range.
Founder Group Limited's current EV/EBITDA is 142.3x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA.
Founder Group Limited's return on equity (ROE) is -32.8%. The historical average is 24.0%.
Based on historical data, Founder Group Limited 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.
Founder Group Limited has 11.6% gross margin and -1.9% operating margin.
Founder Group Limited's Debt/EBITDA ratio is 379.8x, indicating high leverage. A ratio above 4x may signal elevated financial risk.
Key Metrics
Top Statement Risk
Extreme leverage and cash burn
Severe Margin Erosion and Negative Earnings
FGL's profitability has collapsed, with gross margins falling from 40.5% in 2023Q4 to 12.4% in 2025Q4 and net margins remaining negative, indicating a fundamental shift toward lower-margin work or severe pricing pressure.
The company's operating margin has swung from a peak of 25.8% to -2.5%, suggesting that the recent revenue surge has not translated into operational efficiency. This structural margin compression, coupled with persistent net losses, implies the current business model is not generating sustainable earnings power.
Capital Destruction and Negative Returns
FGL's return on invested capital has deteriorated from a peak of 40.4% in 2023Q4 to -2.1% in 2025Q4, indicating the company is now destroying value on the capital deployed.
The negative ROIC trend, combined with a negative ROE of -24.6%, suggests that the debt-funded expansion has not generated commensurate returns. This pattern indicates a potential misallocation of capital, where growth is being pursued at the expense of shareholder value.
Extreme Leverage and Negative Interest Coverage
FGL's debt-to-equity ratio has surged to 4.24 in 2025Q4, with interest coverage turning negative at -0.55, indicating the company's operating losses are insufficient to service its debt burden.
The rapid increase in leverage from a D/E of 0.59 in 2022Q4 to 4.24 has created a highly fragile capital structure. The negative interest coverage ratio suggests the company may be relying on external financing or asset sales to meet interest obligations, which warrants close monitoring.
Deteriorating Working Capital Management
FGL's cash conversion cycle has ballooned to 202 days in 2025Q4, driven by a sharp increase in days sales outstanding to 330 days, indicating severe challenges in collecting receivables.
The dramatic lengthening of the CCC from 33 days in 2022Q4 to 202 days suggests a significant deterioration in working capital efficiency. This trend, combined with the negative free cash flow margin of -39.8%, implies that revenue growth is being consumed by working capital requirements rather than generating cash.
The Misleading P/B Ratio in a Debt-Funded Model
The price-to-book ratio of 0.73 is the most commonly misapplied metric for FGL, as it obscures the severe erosion of equity quality and the true economic leverage in the business.
A P/B below 1.0 typically signals value, but for FGL it reflects a balance sheet where equity is a thin veneer over a massive debt load. The ratio fails to account for the negative returns on capital and the cash burn, making it a poor indicator of intrinsic value. Investors should instead focus on EV/EBITDA, though the current negative EBITDA makes even that metric unreliable.