FONAR Corporation (FONR) Financial Ratios
30 years of historical data (1996–2025) · Healthcare · Medical - Devices
EV/EBITDA
↓
6.16
↑+40% vs avg
5yr avg: 4.41
30Y Low0.9·High35.0
P/FCF
↑
15.82
↑+57% vs avg
5yr avg: 10.05
30Y Low2.3·High46.1
P/B Ratio
↓
0.78
+8% vs avg
5yr avg: 0.72
30Y Low0.6·High3.5
ROE
↓
5.3%
↑-25% vs avg
5yr avg: 7.0%
30Y Low-126%·High92%
Debt/EBITDA
↑
2.39
↑+33% vs avg
5yr avg: 1.80
30Y Low0.0·High2.4
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
FONR Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
FONAR Corporation trades at 15.5x earnings, 37% above its 5-year average of 11.3x, sitting at the 94th percentile of its historical range. Compared to the Healthcare sector median P/E of 22.0x, the stock trades at a discount of 30%. On a free-cash-flow basis, the stock trades at 15.8x P/FCF, 57% above the 5-year average of 10.1x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $118M | $98M | $104M | $116M | $101M | $119M | $143M | $142M | $170M | $185M | $134M |
| Enterprise Value | $100M | $81M | $89M | $102M | $91M | $109M | $145M | $128M | $151M | $176M | $130M |
| P/E Ratio → | 15.52 | 12.16 | 10.46 | 12.95 | 8.68 | 12.19 | 12.21 | 6.92 | 8.02 | 9.50 | 8.55 |
| P/S Ratio | 1.13 | 0.94 | 1.01 | 1.17 | 1.04 | 1.32 | 1.67 | 1.63 | 2.09 | 2.37 | 1.82 |
| P/B Ratio | 0.78 | 0.61 | 0.66 | 0.77 | 0.69 | 0.88 | 1.13 | 1.20 | 1.67 | 2.23 | 2.20 |
| P/FCF | 15.82 | 13.16 | 7.81 | 11.43 | 9.51 | 8.35 | 11.18 | 8.88 | 10.74 | 13.41 | 8.46 |
| P/OCF | 10.46 | 8.70 | 7.35 | 8.01 | 6.63 | 6.24 | 6.99 | 7.29 | 9.09 | 11.02 | 8.04 |
P/E links to full P/E history page with 30-year chart
FONR EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
FONAR Corporation's enterprise value stands at 6.2x EBITDA, 40% above its 5-year average of 4.4x. The Healthcare sector median is 14.1x, placing the stock at a 56% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.77 | 0.86 | 1.03 | 0.93 | 1.22 | 1.69 | 1.47 | 1.85 | 2.25 | 1.77 |
| EV / EBITDA | 6.16 | 4.95 | 4.21 | 4.30 | 3.43 | 5.16 | 8.26 | 4.93 | 6.40 | 7.76 | 7.34 |
| EV / EBIT | 8.66 | 6.95 | 5.38 | 6.42 | 4.13 | 6.40 | 10.63 | 5.67 | 7.67 | 9.19 | 9.02 |
| EV / FCF | — | 10.82 | 6.71 | 10.03 | 8.53 | 7.67 | 11.37 | 8.03 | 9.53 | 12.72 | 8.20 |
FONR Profitability
Margins and return-on-capital ratios measuring operating efficiency
FONAR Corporation earns an operating margin of 11.1%. Operating margins have compressed from 15.0% to 11.1% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 5.3% is modest. ROIC of 6.1% represents adequate returns on invested capital.
Margins
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 | 41.1% | 41.1% | 43.9% | 46.4% | 48.2% | 48.3% | 49.5% | 49.6% | 48.5% | 51.2% | 47.0% |
| Operating Margin | 11.1% | 11.1% | 16.1% | 15.0% | 22.6% | 19.0% | 15.9% | 25.4% | 24.1% | 24.5% | 19.6% |
| Net Profit Margin | 8.0% | 8.0% | 10.3% | 9.5% | 12.7% | 11.4% | 9.6% | 17.6% | 26.0% | 25.1% | 21.4% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 5.3% | 5.3% | 6.9% | 6.3% | 8.8% | 7.8% | 6.7% | 13.9% | 22.9% | 27.3% | 28.2% |
| ROA | 3.9% | 3.9% | 5.1% | 4.7% | 6.4% | 5.5% | 5.3% | 12.2% | 19.6% | 21.4% | 19.5% |
| ROIC | 6.1% | 6.1% | 8.9% | 8.1% | 12.6% | 10.1% | 8.8% | 17.7% | 18.9% | 22.0% | 20.3% |
| ROCE | 5.9% | 5.9% | 8.7% | 8.0% | 12.5% | 10.3% | 9.7% | 19.8% | 20.9% | 25.7% | 23.5% |
FONR Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
FONAR Corporation carries a Debt/EBITDA ratio of 2.4x, which is manageable (26% below the sector average of 3.2x). The company holds a net cash position — cash of $56M exceeds total debt of $39M, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns. Interest coverage of 452.9x signals virtually no risk of debt distress — earnings comfortably cover interest obligations.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.24 | 0.24 | 0.27 | 0.25 | 0.26 | 0.26 | 0.31 | 0.00 | 0.00 | 0.01 | 0.07 |
| Debt / EBITDA | 2.39 | 2.39 | 1.97 | 1.57 | 1.44 | 1.64 | 2.23 | 0.01 | 0.01 | 0.02 | 0.26 |
| Net Debt / Equity | — | -0.11 | -0.09 | -0.09 | -0.07 | -0.07 | 0.02 | -0.11 | -0.19 | -0.12 | -0.07 |
| Net Debt / EBITDA | -1.07 | -1.07 | -0.69 | -0.60 | -0.40 | -0.46 | 0.14 | -0.52 | -0.82 | -0.43 | -0.23 |
| Debt / FCF | — | -2.34 | -1.11 | -1.41 | -0.98 | -0.68 | 0.19 | -0.85 | -1.22 | -0.70 | -0.25 |
| Interest Coverage | 452.88 | 452.88 | 214.75 | 315.35 | 63.50 | 68.76 | 183.68 | 229.31 | 122.97 | — | 54.75 |
Net cash position: cash ($56M) exceeds total debt ($39M)
FONR Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
FONAR Corporation's current ratio of 8.45x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The current ratio has improved from 8.04x to 8.45x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 8.45 | 8.45 | 7.86 | 8.04 | 7.09 | 5.42 | 5.14 | 6.04 | 4.60 | 3.75 | 2.21 |
| Quick Ratio | 8.28 | 8.28 | 7.71 | 7.88 | 6.95 | 5.33 | 5.05 | 5.91 | 4.51 | 3.64 | 2.11 |
| Cash Ratio | 3.30 | 3.30 | 3.16 | 3.28 | 2.91 | 2.22 | 1.97 | 2.06 | 1.35 | 0.71 | 0.41 |
| Asset Turnover | — | 0.48 | 0.48 | 0.49 | 0.49 | 0.47 | 0.48 | 0.65 | 0.69 | 0.79 | 0.86 |
| Inventory Turnover | 21.84 | 21.84 | 21.27 | 20.59 | 21.43 | 27.93 | 26.26 | 24.46 | 29.31 | 23.43 | 18.74 |
| Days Sales Outstanding | — | 290.12 | 283.27 | 259.64 | 248.59 | 248.39 | 237.04 | 221.03 | 199.92 | 188.76 | 170.13 |
FONR Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
FONAR Corporation returns 1.5% to shareholders annually primarily through share buybacks. The earnings yield of 6.4% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
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 | — | — | — | — | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 6.4% | 8.2% | 9.6% | 7.7% | 11.5% | 8.2% | 8.2% | 14.5% | 12.5% | 10.5% | 11.7% |
| FCF Yield | 6.3% | 7.6% | 12.8% | 8.7% | 10.5% | 12.0% | 8.9% | 11.3% | 9.3% | 7.5% | 11.8% |
| Buyback Yield | 1.5% | 1.8% | 2.4% | 1.5% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 1.5% | 1.8% | 2.4% | 1.5% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Shares Outstanding | — | $7M | $6M | $7M | $7M | $7M | $7M | $7M | $6M | $7M | $7M |
Peer Comparison
Compare FONR with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 FONRYou | $118M | 15.5 | 6.2 | 15.8 | 41.1% | 11.1% | 5.3% | 6.1% | 2.4 |
 AEYE | $75M | -23.9 | 213.5 | 15.9 | 78.3% | -7.9% | -43.2% | -20.1% | 34.1 |
 IMXI | $413M | 12.7 | 5.4 | 26.1 | 36.0% | 11.2% | 22.1% | 25.8% | 2.5 |
 GEHC | $29B | 14.0 | 10.3 | 19.2 | 40.0% | 13.4% | 21.6% | 13.3% | 3.0 |
 PHG | $25B | 25.1 | 10.8 | 24.9 | 45.2% | 8.0% | 7.8% | 6.4% | 3.2 |
 NNOX | $105M | -1.3 | — | — | -98.2% | -466.2% | -45.6% | -35.6% | — |
 PRDO | $2B | 13.5 | 8.5 | 9.5 | 71.7% | 23.2% | 16.6% | 15.3% | 0.4 |
 SMSI | $12M | -0.4 | — | — | 74.1% | -110.8% | -101.8% | -48.3% | — |
 RDNT | $4B | -224.7 | 22.7 | 51.6 | 4.5% | 4.5% | -1.5% | 3.0% | 7.7 |
 AKAM | $17B | 39.0 | 17.5 | 24.9 | 54.7% | 14.9% | 9.2% | 4.7% | 5.2 |
 IDXX | $43B | 41.4 | 29.9 | 40.8 | 61.8% | 31.6% | 66.2% | 42.5% | 0.7 |
| Healthcare Median | — | 22.0 | 14.1 | 18.7 | 63.6% | -4.8% | -32.4% | -11.2% | 3.2 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 30 years · Updated daily
Consensus-Based Analysis Tools
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Check Valuation
Historical Returns
10-year return with dividends reinvested.
Calculate
DCA Calculator
See how regular investing compounds over time.
Run Numbers
Peer Comparison
Compare growth, multiples, and margins vs sector.
Compare
FONR — Frequently Asked Questions
Quick answers to the most common questions about buying FONR stock.
What is FONAR Corporation's P/E ratio?
FONAR Corporation's current P/E ratio is 15.5x. The historical average is 14.4x. This places it at the 94th percentile of its historical range.
What is FONAR Corporation's EV/EBITDA?
FONAR Corporation's current EV/EBITDA is 6.2x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 6.9x.
What is FONAR Corporation's ROE?
FONAR Corporation's return on equity (ROE) is 5.3%. The historical average is -1.2%.
Is FONR stock overvalued?
Based on historical data, FONAR Corporation is trading at a P/E of 15.5x. This is at the 94th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What are FONAR Corporation's profit margins?
FONAR Corporation has 41.1% gross margin and 11.1% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does FONAR Corporation have?
FONAR Corporation's Debt/EBITDA ratio is 2.4x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.