Latest Ratios: P/E Ratio 9.0x · EV/EBITDA 8.5x · ROE 30.8%. (2019–2025 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 |
|---|---|---|---|---|---|---|---|---|
| Market Cap | $1.2B | $1.5B | $763M | $749M | $229M | — | — | — |
| Enterprise Value | $1.3B | $1.6B | $988M | $969M | $234M | — | — | — |
| P/E Ratio → | 9.03 | 10.94 | 6.07 | 7.96 | 9.48 | — | — | — |
| P/S Ratio | 0.94 | 1.16 | 0.66 | 1.06 | 0.47 | — | — | — |
| P/B Ratio | 2.55 | 3.09 | 1.88 | 2.58 | 1.17 | — | — | — |
| P/FCF | 6.62 | 8.22 | 5.35 | 5.80 | 4.68 | — | — | — |
| P/OCF | 6.34 | 7.88 | 4.83 | 5.61 | 4.61 | — | — | — |
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 |
|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.23 | 0.85 | 1.38 | 0.48 | — | — | — |
| EV / EBITDA | 8.47 | 10.37 | 7.08 | 8.58 | 6.42 | — | — | — |
| EV / EBIT | 8.96 | 9.86 | 7.01 | 8.34 | 7.36 | — | — | — |
| EV / FCF | — | 8.71 | 6.93 | 7.51 | 4.77 | — | — | — |
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 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 23.3% | 23.3% | 24.6% | 26.8% | 17.0% | 21.6% | 27.3% | 18.1% |
| Operating Margin | 11.2% | 11.2% | 11.3% | 15.6% | 7.1% | 9.5% | 16.0% | 3.9% |
| Net Profit Margin | 10.6% | 10.6% | 10.8% | 13.4% | 4.9% | 7.1% | 13.6% | 2.3% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| ROE | 30.8% | 30.8% | 36.2% | 38.8% | 14.9% | 27.5% | 65.8% | 10.5% |
| ROA | 12.1% | 12.1% | 13.1% | 14.9% | 7.9% | 18.0% | 39.9% | 5.8% |
| ROIC | 18.1% | 18.1% | 17.2% | 23.2% | 19.6% | 60.8% | 129.5% | 16.4% |
| ROCE | 17.4% | 17.4% | 18.1% | 23.0% | 15.7% | 35.9% | 75.8% | 17.7% |
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 |
|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.97 | 0.97 | 1.20 | 1.39 | 0.76 | 0.04 | 0.05 | 0.00 |
| Debt / EBITDA | 3.06 | 3.06 | 3.47 | 3.57 | 4.07 | 0.13 | 0.09 | 0.02 |
| Net Debt / Equity | — | 0.18 | 0.55 | 0.76 | 0.02 | -0.46 | -0.66 | -0.19 |
| Net Debt / EBITDA | 0.58 | 0.58 | 1.61 | 1.95 | 0.13 | -1.44 | -1.29 | -1.06 |
| Debt / FCF | — | 0.49 | 1.58 | 1.70 | 0.10 | -8.61 | -1.76 | -24.46 |
| Interest Coverage | 806.95 | 806.95 | 550.27 | 93.74 | 55.87 | 123.09 | 985.24 | — |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.02 | 2.02 | 2.07 | 1.91 | 2.51 | 3.02 | 2.71 | 2.08 |
| Quick Ratio | 1.47 | 1.47 | 1.42 | 1.27 | 1.75 | 1.59 | 1.98 | 1.11 |
| Cash Ratio | 1.22 | 1.22 | 1.14 | 0.89 | 1.40 | 1.11 | 1.26 | 0.30 |
| Asset Turnover | — | 1.07 | 1.08 | 0.83 | 1.17 | 2.22 | 1.99 | 2.47 |
| Inventory Turnover | 5.25 | 5.25 | 5.08 | 3.90 | 5.19 | 3.99 | 5.63 | 4.60 |
| Days Sales Outstanding | — | 18.67 | 20.55 | 36.74 | 24.00 | 20.42 | 31.83 | 41.52 |
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 |
|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 11.1% | 9.1% | 16.5% | 12.6% | 10.5% | — | — | — |
| FCF Yield | 15.1% | 12.2% | 18.7% | 17.2% | 21.4% | — | — | — |
| Buyback Yield | 5.6% | 4.5% | 3.0% | 0.2% | 0.0% | — | — | — |
| Total Shareholder Yield | 5.6% | 4.5% | 3.0% | 0.2% | 0.0% | — | — | — |
| Shares Outstanding | — | $38M | $41M | $41M | $40M | $40M | $9M | $9M |
Logistics and Tariff Exposure
Based on reported figures, GCT trades at a TTM P/E of 8.92, which appears to discount the company as a cyclical wholesaler rather than a high-growth infrastructure platform, especially when compared to the broader technology sector's typical valuation premiums for marketplace-integrated business models.
The current forward P/E of 7.81 suggests that investors are pricing in significant earnings volatility or potential margin compression rather than sustained growth. This valuation gap warrants further investigation into whether the market is misclassifying GCT's asset-heavy logistics model as a standard retail entity.
According to recent financial statements, GCT's ROIC has trended downward from 7.8% in 2023Q4 to 5.2% in 2026Q1, indicating that the company's aggressive investment in physical warehouse infrastructure is currently struggling to generate returns that meaningfully exceed its cost of capital.
The decline in ROIC suggests that the marginal utility of each additional warehouse or inventory unit is diminishing as the company scales. Investors should monitor whether this trend reverses as the company achieves greater density in its proprietary delivery network.
As reported in financial statements, GCT's cash conversion cycle has fluctuated significantly, reaching 56 days in 2026Q1, which highlights the inherent difficulty in managing inventory turnover for large-parcel goods compared to the more streamlined cycles of traditional software-infrastructure peers.
The variability in DIO and DSO suggests that GCT's working capital efficiency is highly sensitive to consumer demand shifts and supply chain bottlenecks. This volatility implies that the company's cash flow generation remains vulnerable to sudden inventory build-ups during periods of slowing retail velocity.
Based on GCT's reported figures, the debt-to-equity ratio has improved from 1.48 in 2024Q1 to 0.93 in 2026Q1, demonstrating a conservative approach to capital structure that provides a necessary buffer against the inherent risks of its capital-intensive, cross-border logistics operations.
The company's ability to reduce leverage while simultaneously expanding its physical footprint suggests a focus on balance sheet resilience. However, the interest coverage ratio remains sensitive to operating income fluctuations, warranting caution regarding the company's ability to service debt if margins face sustained pressure.
The most commonly misapplied metric for GCT is the P/S ratio, which obscures the company's heavy reliance on 1P inventory sales that inflate top-line revenue without necessarily reflecting the higher-margin, scalable service revenue characteristic of true software-infrastructure business models.
Analysts should prioritize EV/EBITDA or FCF-based metrics to better capture the capital-intensive reality of GCT's physical logistics network. Relying on software-style revenue multiples risks overestimating the company's growth quality and underestimating the structural costs of maintaining a global, large-parcel supply chain.
Includes 30+ ratios · 7 years · Updated daily
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Quick answers to the most common questions about buying GCT stock.
GigaCloud Technology Inc.'s current P/E ratio is 9.0x. The historical average is 8.6x. This places it at the 50th percentile of its historical range.
GigaCloud Technology Inc.'s current EV/EBITDA is 8.5x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 8.1x.
GigaCloud Technology Inc.'s return on equity (ROE) is 30.8%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 32.1%.
Based on historical data, GigaCloud Technology Inc. is trading at a P/E of 9.0x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
GigaCloud Technology Inc. has 23.3% gross margin and 11.2% operating margin. Operating margin between 10-20% is typical for established companies.
GigaCloud Technology Inc.'s Debt/EBITDA ratio is 3.1x, indicating high leverage. A ratio between 2-4x is manageable but warrants monitoring.