6 years of historical data (2019–2024) · Technology · Software - Application
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Forge Global Holdings, Inc. currently has a negative P/E ratio, indicating the company is operating at a loss on a trailing-twelve-month basis.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Market Cap | $8.4B | $170M | $595M | $251M | $534M | — | — |
| Enterprise Value | $8.3B | $80M | $461M | $65M | $484M | — | — |
| P/E Ratio → | -8.29 | — | — | — | — | — | — |
| P/S Ratio | 105.74 | 2.15 | 8.52 | 3.62 | 4.17 | — | — |
| P/B Ratio | 2.42 | 0.75 | 2.22 | 0.77 | 2.76 | — | — |
| P/FCF | — | — | — | — | 69.89 | — | — |
| P/OCF | — | — | — | — | 49.01 | — | — |
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 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.01 | 6.60 | 0.94 | 3.78 | — | — |
| EV / EBITDA | — | — | — | — | — | — | — |
| EV / EBIT | — | — | — | — | — | — | — |
| EV / FCF | — | — | — | — | 63.25 | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Forge Global Holdings, Inc. earns an operating margin of -103.7%. Operating margins have expanded from -194.6% to -103.7% over the past 3 years, signaling improving operational efficiency. A negative ROE of -26.8% indicates the company is currently destroying shareholder equity.
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Gross Margin | -43.3% | -43.3% | 99.4% | 99.3% | 97.6% | 100.0% | 100.0% |
| Operating Margin | -103.7% | -103.7% | -131.0% | -194.6% | -7.6% | -15.9% | -60.9% |
| Net Profit Margin | -83.6% | -83.6% | -129.2% | -161.2% | -14.4% | -20.3% | -63.4% |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| ROE | -26.8% | -26.8% | -30.4% | -43.1% | -10.8% | -10.4% | -40.7% |
| ROA | -23.1% | -23.1% | -26.8% | -36.0% | -7.2% | -5.2% | -12.9% |
| ROIC | -45.6% | -45.6% | -50.0% | -71.7% | -5.2% | -6.1% | -24.0% |
| ROCE | -31.3% | -31.3% | -29.3% | -48.5% | -4.8% | -5.4% | -16.3% |
Solvency and debt-coverage ratios — lower is generally safer
The company holds a net cash position — cash of $105M exceeds total debt of $15M, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.06 | 0.06 | 0.04 | 0.02 | 0.12 | 0.21 | 0.97 |
| Debt / EBITDA | — | — | — | — | — | — | — |
| Net Debt / Equity | — | -0.40 | -0.50 | -0.57 | -0.26 | -0.06 | 0.22 |
| Net Debt / EBITDA | — | — | — | — | — | — | — |
| Debt / FCF | — | — | — | — | -6.65 | — | 7.47 |
| Interest Coverage | — | — | — | — | -4.24 | -3.17 | -86.15 |
Net cash position: cash ($105M) exceeds total debt ($15M)
Short-term solvency ratios and asset-utilisation metrics
Forge Global Holdings, Inc.'s current ratio of 4.74x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The current ratio has declined from 7.84x to 4.74x over the past 3 years.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Current Ratio | 4.74 | 4.74 | 6.74 | 7.84 | 2.32 | 1.34 | 1.15 |
| Quick Ratio | 4.74 | 4.74 | 6.74 | 7.84 | 2.32 | 1.34 | 1.15 |
| Cash Ratio | 4.22 | 4.22 | 6.30 | 7.32 | 1.97 | 0.59 | 0.98 |
| Asset Turnover | — | 0.30 | 0.22 | 0.19 | 0.50 | 0.18 | 0.20 |
| Inventory Turnover | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | 35.78 | 21.26 | 18.64 | 18.62 | 43.88 | 26.79 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Forge Global Holdings, Inc. does not currently pay a dividend and has no material buyback yield, reinvesting earnings back into the business.
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | — | — |
| FCF Yield | — | — | — | — | 1.4% | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — | — |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — | — |
| Shares Outstanding | — | $12M | $12M | $10M | $4M | $3M | $3M |
Compare FRGE 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 |
|---|---|---|---|---|---|---|---|---|---|
| FRGEYou | $8B | -8.3 | — | — | -43.3% | -103.7% | -26.8% | -45.6% | — |
| INTU | $114B | 29.9 | 20.6 | 18.8 | 80.8% | 26.1% | 20.3% | 16.5% | 1.2 |
| FICO | $33B | 53.1 | 38.8 | 43.5 | 82.2% | 46.5% | — | 59.7% | 3.3 |
| SSNC | $18B | 23.9 | 12.6 | 11.0 | 48.2% | 22.9% | 11.8% | 10.8% | 0.2 |
| GWRE | $12B | 179.4 | 189.7 | 41.6 | 62.5% | 3.4% | 5.0% | 2.3% | 11.0 |
| QTWO | $3B | 60.1 | 74.9 | 15.5 | 54.1% | 5.0% | 8.8% | 4.5% | 8.7 |
| SPNS | $2B | 33.7 | 22.1 | 33.6 | 45.0% | 16.8% | 15.5% | 17.4% | 0.6 |
| BL | $2B | 24.3 | 32.6 | 11.7 | 75.2% | 2.8% | 41.6% | 1.4% | 13.3 |
| NCNO | $2B | -48.9 | 111.3 | 35.8 | 60.1% | -3.4% | -3.5% | -1.2% | 13.0 |
| ALKT | $2B | -36.0 | — | 42.4 | 57.8% | -12.1% | -13.3% | -8.6% | — |
| UPBD | $1B | 9.7 | 8.1 | 25.6 | 48.1% | 6.7% | 20.8% | 10.4% | 4.6 |
| Technology Median | — | 25.2 | 15.7 | 17.3 | 49.8% | -0.9% | 1.1% | 2.9% | 3.0 |
Peers based on L4 peer group classification. Compare multiple stocks →
Includes 30+ ratios · 6 years · Updated daily
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Start ComparisonForge Global Holdings, Inc.'s current P/E ratio is -8.3x. This places it at the 50th percentile of its historical range.
Forge Global Holdings, Inc.'s return on equity (ROE) is -26.8%. The historical average is -27.0%.
Based on historical data, Forge Global Holdings, Inc. is trading at a P/E of -8.3x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Forge Global Holdings, Inc. has -43.3% gross margin and -103.7% operating margin.