Latest Ratios: P/E Ratio -1.0x · EV/EBITDA N/A · ROE -81.9%. (2012–2025 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 | $154M | $224M | $167M | $532M | $888M | $1.7B | $1.2B | $629M | $591M | $1.0B | $1.2B |
| Enterprise Value | $188M | $257M | $186M | $438M | $848M | $1.6B | $1.2B | $699M | $578M | $973M | $1.0B |
| P/E Ratio → | -0.95 | — | — | — | 31.13 | 4.54 | — | — | — | — | — |
| P/S Ratio | 0.27 | 0.34 | 0.21 | 0.53 | 0.81 | 1.45 | 1.38 | 0.53 | 0.52 | 0.89 | 1.02 |
| P/B Ratio | 1.87 | 2.92 | 1.10 | 0.96 | 1.45 | 2.73 | 5.71 | 2.69 | 2.79 | 3.50 | 2.72 |
| P/FCF | — | — | — | — | 386.01 | 7.52 | 13.88 | — | — | — | — |
| P/OCF | — | — | — | — | 154.49 | 7.34 | 13.16 | — | — | — | — |
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 | — | 0.39 | 0.23 | 0.44 | 0.78 | 1.35 | 1.33 | 0.59 | 0.50 | 0.82 | 0.86 |
| EV / EBITDA | — | — | — | — | 17.85 | 12.63 | — | 29.22 | — | — | — |
| EV / EBIT | — | — | — | — | 20.84 | 13.87 | — | 4398.72 | — | — | — |
| EV / FCF | — | — | — | — | 368.74 | 7.01 | 13.36 | — | — | — | — |
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 | 33.6% | 33.6% | 33.8% | 32.2% | 37.2% | 41.1% | 35.3% | 34.6% | 31.5% | 32.6% | 39.0% |
| Operating Margin | -9.2% | -9.2% | -16.8% | -7.5% | 3.6% | 9.8% | -4.1% | -0.2% | -8.2% | -13.9% | -31.5% |
| Net Profit Margin | -14.3% | -14.3% | -53.9% | -5.3% | 2.6% | 32.0% | -7.5% | -1.2% | -9.5% | -15.5% | -35.3% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -81.9% | -81.9% | -122.2% | -9.1% | 4.7% | 89.2% | -29.7% | -6.6% | -42.7% | -49.1% | -68.7% |
| ROA | -19.2% | -19.2% | -57.2% | -5.2% | 2.5% | 36.5% | -8.5% | -2.0% | -14.1% | -20.6% | -41.4% |
| ROIC | -32.1% | -32.1% | -32.0% | -11.0% | 5.4% | 25.3% | -11.7% | -0.7% | -33.1% | -51.0% | -74.9% |
| ROCE | -35.6% | -35.6% | -30.8% | -10.1% | 4.9% | 17.5% | -7.6% | -0.5% | -21.4% | -33.6% | -57.4% |
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 | 1.09 | 1.09 | 0.81 | 0.23 | 0.30 | 0.47 | 1.29 | 0.95 | 0.66 | 0.44 | — |
| Debt / EBITDA | — | — | — | — | 3.87 | 2.31 | — | 9.23 | — | — | — |
| Net Debt / Equity | — | 0.44 | 0.13 | -0.17 | -0.06 | -0.19 | -0.21 | 0.30 | -0.06 | -0.24 | -0.43 |
| Net Debt / EBITDA | — | — | — | — | -0.84 | -0.92 | — | 2.95 | — | — | — |
| Debt / FCF | — | — | — | — | -17.27 | -0.51 | -0.52 | — | — | — | — |
| Interest Coverage | -9.82 | -9.82 | -38.98 | -13.41 | 6.52 | 4.93 | -2.06 | 0.01 | -4.76 | -11.91 | -125.39 |
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 | 0.91 | 0.91 | 0.95 | 1.73 | 2.20 | 1.65 | 2.12 | 1.64 | 1.58 | 1.55 | 1.36 |
| Quick Ratio | 0.63 | 0.63 | 0.61 | 1.35 | 1.74 | 1.46 | 1.75 | 1.20 | 1.19 | 1.14 | 0.98 |
| Cash Ratio | 0.18 | 0.18 | 0.29 | 0.88 | 1.33 | 1.13 | 1.24 | 0.50 | 0.66 | 0.67 | 0.51 |
| Asset Turnover | — | 1.52 | 1.47 | 1.04 | 1.02 | 0.92 | 1.16 | 1.51 | 1.64 | 1.39 | 1.28 |
| Inventory Turnover | 5.51 | 5.51 | 4.39 | 6.42 | 5.40 | 7.92 | 5.90 | 5.42 | 6.76 | 5.28 | 4.33 |
| Days Sales Outstanding | — | 52.39 | 39.14 | 33.20 | 25.70 | 35.91 | 43.89 | 61.30 | 41.07 | 34.94 | 50.66 |
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 | — | — | — | — | 3.2% | 22.0% | — | — | — | — | — |
| FCF Yield | — | — | — | — | 0.3% | 13.3% | 7.2% | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 7.5% | 4.5% | 0.0% | 0.0% | 0.0% | 0.0% | 7.5% | 0.0% |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 7.5% | 4.5% | 0.0% | 0.0% | 0.0% | 0.0% | 7.5% | 0.0% |
| Shares Outstanding | — | $159M | $153M | $153M | $178M | $163M | $149M | $145M | $139M | $138M | $139M |
Includes 30+ ratios · 14 years · Updated daily
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Quick answers to the most common questions about buying GPRO stock.
GoPro, Inc.'s current P/E ratio is -1.0x. The historical average is 44.1x.
GoPro, Inc.'s return on equity (ROE) is -81.9%. The historical average is -22.6%.
Based on historical data, GoPro, Inc. is trading at a P/E of -1.0x. Compare with industry peers and growth rates for a complete picture.
GoPro, Inc. has 33.6% gross margin and -9.2% operating margin.
Key Metrics
Top Statement Risk
Negative equity with shrinking liquidity
Metrics are mathematically derived from official filings.
Negative Earnings Make Multiples Unreliable
Based on GoPro's reported figures, the trailing P/E of -1.53 and price-to-sales of 0.24 reflect a market that prices the shares on revenue rather than earnings, since losses make earnings-based multiples uninformative.
The negative trailing P/E and absent EV/EBITDA and forward multiples mean the valuation cannot be anchored to earnings power, so the 0.24 price-to-sales ratio is the most usable reference point. Relative to the 1.87 price-to-book, the market appears to assign limited value to the tangible equity base, which is itself eroded by negative shareholders' equity. Investors should treat the low sales multiple as reflecting skepticism about margin recovery rather than as evidence of cheapness.
Operating Losses Persist Across Ten Quarters
As reported in financial statements, GoPro's operating margin remained negative in every quarter reviewed, reaching -57.8% in 2026Q1 and -37.1% in 2026Q2, despite gross margins recovering to 30.2% in the latest quarter.
The gross margin recovery to 30.2% in 2026Q2 from 4.3% in 2026Q1 suggests pricing or cost movements are volatile, but operating expenses continue to exceed gross profit, leaving operating leverage negative. Net margin of -48.6% in the latest quarter is considerably worse than operating margin, pointing to non-operating charges that warrant further investigation. Relative to the 2024 starting point, the business shows no evidence yet of durable earnings power.
Returns Decaying Below Cost of Capital
Based on reported figures, ROIC fell from -9.1% in 2024Q1 to -81.0% in 2026Q2, and ROA reached -13.1% in the latest quarter, indicating that invested capital is generating deepening losses rather than returns.
The collapse in ROIC to -81.0% is driven largely by shrinking invested capital combined with persistent operating losses, so the metric is amplified by a depleted capital base. ROE has moved from -86.9% in 2024Q1 to -2.2% in 2026Q1, but this improvement reflects a smaller equity denominator rather than better profitability. Investors should monitor whether returns can turn positive before further capital erosion occurs.
Leverage Rises as Equity Turns Negative
According to reported balance sheet figures, debt-to-equity reached 2.55 in 2025Q3 before becoming undefined once equity turned negative to -$32.7M in 2026Q2, while interest coverage has been negative throughout the period.
Negative interest coverage across all reviewed quarters indicates that operating earnings do not cover debt service, so the company depends on balance sheet resources or external financing to meet obligations. Once equity turned negative, the debt-to-equity ratio lost its analytical meaning and the balance sheet cushion became a central concern. Refinancing risk appears elevated, though the reported data alone does not confirm covenant terms or access to capital.
Current Ratio Below Parity Under Strain
As reported in financial statements, GoPro's current ratio fell from 1.68 in 2024Q1 to 0.57 in 2026Q2 while cash declined to $27.3M, leaving limited coverage of current liabilities and a thin margin for operating shortfalls.
A current ratio of 0.57 and quick ratio of 0.35 indicate that current liabilities substantially exceed liquid assets, and inventory dependence is high given the gap between quick and current ratios. Under a severe stress scenario, continued operating cash burn of roughly -$10.8M in the latest quarter could rapidly exhaust the remaining cash balance. The position suggests the company has limited room to absorb a further revenue decline.
Price-to-Book Flatters a Negative Equity Base
Based on reported figures, GoPro's 1.87 price-to-book ratio appears low-meaningful because shareholders' equity is negative at -$32.7M in 2026Q2, so the book-value anchor offers little support for the valuation.
A price-to-book multiple is commonly read as a measure of asset backing, but with negative equity the ratio is not a conventional signal of cheapness and may mislead investors who treat it as downside protection. A more informative alternative is to evaluate enterprise value against tangible or operating cash generation, although reported cash flow remains negative. Investors should monitor whether the equity deficit is narrowing before relying on any book-based valuation framing.