Latest Ratios: P/E Ratio -2.9x · EV/EBITDA N/A · ROE N/A. (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 | $134M | $63M | $106M | $653M | — | — |
| Enterprise Value | $135M | $64M | $148M | $732M | — | — |
| P/E Ratio → | -2.87 | — | — | — | — | — |
| P/S Ratio | 46.90 | 22.14 | 11.65 | 40.71 | — | — |
| P/B Ratio | — | — | — | — | — | — |
| 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 | — | 22.19 | 16.25 | 45.69 | — | — |
| EV / EBITDA | — | — | — | — | — | — |
| 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 | -63.4% | -63.4% | 55.6% | 42.0% | 30.3% | 32.0% |
| Operating Margin | -1274.9% | -1274.9% | -143.8% | -90.8% | -136.5% | -69.8% |
| Net Profit Margin | -1513.3% | -1513.3% | -135.6% | -140.2% | -158.4% | -105.0% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| ROE | — | — | — | — | -23.8% | -8.4% |
| ROA | -244.1% | -244.1% | -68.2% | -136.6% | -14.3% | -7.6% |
| ROIC | — | — | — | — | -11.5% | -4.2% |
| ROCE | — | — | — | — | -15.8% | -5.0% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Debt / Equity | — | — | — | — | — | 0.02 |
| Debt / EBITDA | — | — | — | — | — | — |
| Net Debt / Equity | — | — | — | — | — | 0.01 |
| Net Debt / EBITDA | — | — | — | — | — | — |
| Debt / FCF | — | — | — | — | — | — |
| Interest Coverage | -6.06 | -6.06 | -2.09 | -2.51 | -6.82 | -4.83 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Current Ratio | 0.15 | 0.15 | 0.29 | 0.11 | 0.16 | 5.16 |
| Quick Ratio | 0.14 | 0.14 | 0.24 | 0.10 | 0.11 | 5.16 |
| Cash Ratio | 0.01 | 0.01 | 0.02 | 0.00 | 0.02 | 3.89 |
| Asset Turnover | — | 0.18 | 0.46 | 0.98 | 1.01 | 0.07 |
| Inventory Turnover | 4.95 | 4.95 | 1.36 | 5.27 | 3.34 | — |
| Days Sales Outstanding | — | 1022.53 | 436.54 | 190.36 | 116.91 | — |
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% | 0.0% | — | — |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.0% | — | — |
| Shares Outstanding | — | $53M | $46M | $44M | $44M | $44M |
Imminent insolvency and dilution
As reported in recent financial statements, GCTS's gross margin profile has deteriorated significantly, reaching a negative 162.7% in 2025Q4, which suggests that the company may be liquidating inventory at prices well below the cost of production or facing substantial manufacturing inefficiencies compared to industry standards.
The persistent negative gross margins indicate that the company's current fabless model is failing to achieve the necessary scale or pricing power to cover foundry costs. This structural deficit suggests that the firm is essentially subsidizing its customers, a practice that is unsustainable without a fundamental shift in product mix or cost structure.
Based on the reported figures, GCTS exhibits highly erratic working capital movements, including a cash conversion cycle that peaked at 2307 days in 2025Q1, which highlights severe inefficiencies in inventory management and the company's inability to convert design wins into timely cash inflows from its OEM partners.
The extreme volatility in the cash conversion cycle suggests that the company is struggling with bloated inventory levels and extended collection periods. This inefficiency forces the firm to rely on external financing to bridge the gap between manufacturing outlays and final product sales, further straining its limited liquidity.
According to recent SEC filings, GCTS's current ratio has plummeted to 0.15 as of 2025Q4, reflecting an extreme lack of buffer against the company's ongoing operational cash burn and immediate short-term obligations that appear to exceed available liquid assets by a significant margin.
The current ratio, consistently below 0.50 over the last several quarters, suggests that the company lacks the necessary liquidity to meet its short-term liabilities without constant capital injections. Investors should monitor this closely, as the current cash position provides almost no runway for the R&D cycles required to remain competitive.
While some market participants may attempt to apply traditional P/S multiples to GCTS, this metric is fundamentally misapplied here because it ignores the company's negative equity and the existential risk posed by its inability to generate positive cash flow from its core semiconductor operations.
Using P/S multiples in a distressed context like this obscures the reality that the company's revenue is currently being generated at a loss. A more appropriate analytical framework would focus on the cash-to-burn ratio or the probability of a dilutive capital raise, rather than revenue-based valuation metrics that assume a going concern.
Includes 30+ ratios · 5 years · Updated daily
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Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying GCTS stock.
GCT Semiconductor Holding, Inc.'s current P/E ratio is -2.9x. This places it at the 50th percentile of its historical range.
Based on historical data, GCT Semiconductor Holding, Inc. is trading at a P/E of -2.9x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
GCT Semiconductor Holding, Inc. has -63.4% gross margin and -1274.9% operating margin.