Latest Ratios: P/E Ratio -127.7x · EV/EBITDA N/A · ROE -0.7%. (1998–2025 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 | $31M | $49M | $43M | $44M | $37M | $106M | $59M | $26M | $19M | $24M | $25M |
| Enterprise Value | $18M | $36M | $32M | $32M | $11M | $61M | $33M | $19M | $8M | $10M | $12M |
| P/E Ratio → | -127.67 | — | — | — | — | 5.99 | 10.62 | — | — | 28.13 | 15.47 |
| P/S Ratio | 0.67 | 1.07 | 1.39 | 0.95 | 1.53 | 0.58 | 0.79 | 0.71 | 0.65 | 0.49 | 0.41 |
| P/B Ratio | 0.82 | 1.30 | 1.18 | 1.08 | 0.86 | 2.30 | 2.80 | 1.70 | 1.14 | 1.26 | 1.36 |
| P/FCF | 17.11 | 27.19 | — | — | — | 9.34 | 2.78 | 186.40 | — | 24.25 | 14.96 |
| P/OCF | 16.80 | 26.71 | — | — | — | 8.78 | 2.69 | 33.41 | — | 16.12 | 9.13 |
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 | — | 0.78 | 1.04 | 0.69 | 0.46 | 0.33 | 0.44 | 0.53 | 0.25 | 0.20 | 0.19 |
| EV / EBITDA | — | — | — | — | — | 2.58 | 4.08 | — | — | 6.52 | 3.75 |
| EV / EBIT | — | — | — | — | — | 2.67 | 4.60 | — | — | 8.39 | 5.46 |
| EV / FCF | — | 19.82 | — | — | — | 5.38 | 1.53 | 139.99 | — | 9.81 | 7.00 |
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 | 17.2% | 17.2% | 11.4% | 15.3% | 15.9% | 17.6% | 19.3% | 15.7% | 17.3% | 19.0% | 16.6% |
| Operating Margin | -6.2% | -6.2% | -19.3% | -5.1% | -20.7% | 12.4% | 9.4% | -5.6% | -9.0% | 1.8% | 3.5% |
| Net Profit Margin | -0.5% | -0.5% | -12.9% | -6.2% | -15.7% | 9.6% | 7.4% | -4.0% | -7.0% | 1.8% | 2.7% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -0.7% | -0.7% | -10.3% | -6.9% | -8.5% | 52.6% | 30.5% | -9.1% | -11.6% | 4.7% | 9.3% |
| ROA | -0.5% | -0.5% | -7.6% | -5.2% | -6.8% | 28.7% | 12.8% | -6.4% | -7.3% | 2.7% | 5.7% |
| ROIC | -8.6% | -8.6% | -16.5% | -7.8% | -41.6% | 1482.2% | 305.7% | -22.1% | -40.9% | 13.3% | 32.9% |
| ROCE | -7.5% | -7.5% | -15.2% | -5.6% | -11.1% | 66.1% | 37.6% | -12.6% | -14.9% | 4.7% | 12.3% |
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 | 0.04 | 0.04 | 0.04 | 0.00 | 0.01 | 0.02 | 0.08 | — | — | — | — |
| Debt / EBITDA | — | — | — | — | — | 0.03 | 0.21 | — | — | — | — |
| Net Debt / Equity | — | -0.35 | -0.30 | -0.30 | -0.61 | -0.97 | -1.25 | -0.42 | -0.70 | -0.75 | -0.72 |
| Net Debt / EBITDA | — | — | — | — | — | -1.90 | -3.30 | — | — | -9.59 | -4.26 |
| Debt / FCF | — | -7.37 | — | — | — | -3.95 | -1.24 | -46.41 | — | -14.44 | -7.96 |
| Interest Coverage | — | — | — | — | — | — | — | — | — | — | — |
Net cash position: cash ($15M) exceeds total debt ($1M)
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 | 3.64 | 3.64 | 4.43 | 3.14 | 5.21 | 4.92 | 1.43 | 2.89 | 2.68 | 2.19 | 2.08 |
| Quick Ratio | 3.45 | 3.45 | 4.27 | 2.91 | 4.74 | 4.83 | 1.15 | 2.72 | 2.49 | 1.93 | 1.91 |
| Cash Ratio | 3.27 | 3.27 | 4.12 | 2.36 | 4.59 | 4.59 | 0.78 | 2.00 | 1.48 | 1.08 | 0.97 |
| Asset Turnover | — | 0.90 | 0.66 | 0.81 | 0.46 | 3.19 | 1.15 | 1.72 | 1.20 | 1.50 | 1.88 |
| Inventory Turnover | 16.19 | 16.19 | 19.14 | 10.26 | 4.62 | 155.46 | 5.14 | 29.19 | 15.40 | 11.64 | 21.83 |
| Days Sales Outstanding | — | 15.79 | 13.69 | 71.93 | 20.73 | 5.14 | 77.96 | 41.83 | 97.51 | 83.21 | 75.58 |
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 | — | — | — | — | — | 16.7% | 9.4% | — | — | 3.6% | 6.5% |
| FCF Yield | 5.8% | 3.7% | — | — | — | 10.7% | 36.0% | 0.5% | — | 4.1% | 6.7% |
| Buyback Yield | 1.3% | 0.8% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.9% |
| Total Shareholder Yield | 1.3% | 0.8% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.9% |
| Shares Outstanding | — | $12M | $12M | $12M | $12M | $12M | $11M | $11M | $11M | $11M | $11M |
High carrier revenue concentration
Based on reported figures, FKWL trades at a price-to-sales ratio of 0.64, which suggests that the market is heavily discounting the company's future growth prospects due to its persistent inability to generate consistent net income, as evidenced by the negative TTM P/E ratio of -121.84.
The current valuation appears to treat the company as a distressed asset rather than a growth-oriented technology firm. Investors should monitor whether the low P/S multiple represents a genuine value opportunity or a structural reflection of the company's limited pricing power and high customer concentration.
As reported in financial statements, FKWL's ROIC has fluctuated significantly, reaching a low of -6.5% in 2025Q3, which indicates that the company is currently destroying shareholder value rather than compounding it through its core hardware-centric business model and limited software-as-a-service initiatives.
The inability to maintain a positive ROIC suggests that the company's invested capital is not generating returns above its cost of capital. This trend warrants further investigation into whether management can pivot toward higher-margin software revenue to improve capital efficiency or if the hardware business will continue to drag on returns.
According to recent SEC filings, the company's cash conversion cycle has exhibited extreme instability, swinging from 72 days in 2024Q3 to -64 days in 2025Q3, which highlights the company's vulnerability to inventory and receivable fluctuations tied to its major carrier partners.
The wide variance in the cash conversion cycle suggests that Franklin Wireless lacks control over its working capital, likely due to the lumpy nature of carrier procurement cycles. This inefficiency forces the company to maintain higher liquidity buffers than would otherwise be necessary for a firm of this size.
Investors frequently misapply traditional P/E ratios to FKWL, which obscures the company's true operational health by ignoring the massive impact of non-recurring inventory write-downs and carrier-driven revenue lumpiness that frequently distort net income in this specific hardware-centric business model.
Instead of relying on P/E, analysts should focus on EV/Sales and free cash flow conversion to better understand the company's underlying demand and liquidity. The P/E ratio is particularly misleading here because it fails to account for the company's significant cash position relative to its market capitalization.
Includes 30+ ratios · 25 years · Updated daily
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Quick answers to the most common questions about buying FKWL stock.
Franklin Wireless Corp.'s current P/E ratio is -127.7x. The historical average is 19.0x.
Franklin Wireless Corp.'s return on equity (ROE) is -0.7%. The historical average is 5.1%.
Based on historical data, Franklin Wireless Corp. is trading at a P/E of -127.7x. Compare with industry peers and growth rates for a complete picture.
Franklin Wireless Corp. has 17.2% gross margin and -6.2% operating margin.