Latest Ratios: P/E Ratio -0.0x · 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 | $963019 | $9M | $427M | $1.5B | $25M | — |
| Enterprise Value | $972640 | $9M | $427M | $1.5B | $26M | — |
| P/E Ratio → | -0.05 | — | — | — | — | — |
| P/S Ratio | 10.38 | 94.37 | — | — | — | — |
| P/B Ratio | — | — | — | 210.87 | 1.72 | — |
| 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 | — | 94.47 | — | — | — | — |
| 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 | -108.0% | -108.0% | — | — | — | — |
| Operating Margin | -24275.5% | -24275.5% | — | — | — | — |
| Net Profit Margin | -17688.6% | -17688.6% | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| ROE | — | — | — | -16.7% | -12.4% | — |
| ROA | -501.2% | -501.2% | -220.5% | -10.9% | -9.2% | -300.7% |
| ROIC | — | — | — | -7.7% | -9.0% | — |
| ROCE | — | — | — | -8.1% | -9.6% | — |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Debt / Equity | — | — | — | 0.20 | 0.02 | — |
| Debt / EBITDA | — | — | — | — | — | — |
| Net Debt / Equity | — | — | — | 0.20 | 0.01 | — |
| Net Debt / EBITDA | — | — | — | — | — | — |
| Debt / FCF | — | — | — | — | — | -24.80 |
| Interest Coverage | -149.73 | -149.73 | -46.40 | — | -69.12 | — |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Current Ratio | 0.02 | 0.02 | 0.03 | 0.01 | 0.33 | 0.15 |
| Quick Ratio | 0.01 | 0.01 | 0.02 | 0.01 | 0.33 | 0.15 |
| Cash Ratio | 0.00 | 0.00 | 0.02 | 0.00 | 0.04 | 0.14 |
| Asset Turnover | — | 0.02 | — | — | — | — |
| Inventory Turnover | 4.96 | 4.96 | 0.08 | — | — | — |
| Days Sales Outstanding | — | 429.57 | — | — | — | — |
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% | 0.5% | 0.0% | — |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.5% | 0.0% | — |
| Shares Outstanding | — | $3M | $2M | $2M | $41668 | $0 |
Imminent insolvency and liquidity
According to recent market data, GTI trades at a price-to-sales ratio of 10.38, a valuation that appears disconnected from the company's pre-commercial status and lack of meaningful revenue, suggesting that investors are pricing in speculative technological breakthroughs rather than current fundamental performance or tangible asset value.
The high P/S multiple reflects a market expectation of future disruption in the graphite market, yet this valuation lacks support from traditional metrics like P/E or EV/EBITDA, which are currently non-meaningful due to persistent losses. Investors should monitor whether this premium can be sustained as the company faces an urgent need for capital that will likely result in significant equity dilution.
As reported in financial statements, GTI's gross margin of -169.1% in 2025Q4 highlights a production process that is currently unable to cover its direct costs, indicating that the company's thermochemical conversion technology has yet to achieve the economies of scale necessary for viable commercial operations.
The deeply negative operating margins suggest that the company's cost structure is heavily burdened by fixed overheads that are not being amortized by sufficient production volume. This trend warrants further investigation into whether the current feedstock strategy can ever achieve cost parity with traditional synthetic graphite producers.
Based on 2025Q4 reported figures, the company's cash conversion cycle of 985 days reflects extreme operational inefficiency, suggesting that the time required to convert raw palm kernel shells into finished graphite products and collect payment is currently prohibitive for a sustainable industrial business model.
The exceptionally high days inventory outstanding and days sales outstanding indicate significant bottlenecks in both the production pipeline and the customer collection process. This lack of working capital velocity exacerbates the company's cash burn and limits its ability to respond to market demand effectively.
As indicated by the 2025Q4 balance sheet, the company's current ratio of 0.02 and cash reserves of only $7,354 signal an extreme liquidity crisis, leaving the firm with virtually no buffer to manage its ongoing operating expenses or meet short-term debt obligations without immediate external intervention.
The current liquidity position appears precarious, suggesting that the company may be unable to sustain its current R&D and pilot production activities for more than a very short period. Investors should view this as a primary risk factor that could lead to a total loss of equity value if additional financing is not secured.
The most commonly misapplied metric for GTI is the price-to-sales ratio, which obscures the company's pre-revenue nature and fails to account for the binary risk of its proprietary technology failing to reach commercial-scale purity standards required by the global battery market.
Using revenue multiples for a company in the pilot phase is misleading because it ignores the massive capital intensity and the high probability of failure inherent in new industrial processes. Analysts should instead focus on cash burn rates and the achievement of specific technical milestones as more reliable indicators of long-term viability.
Includes 30+ ratios · 5 years · Updated daily
DCF models, multiple analysis, and analyst estimates.
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Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying GTI stock.
Graphjet Technology's current P/E ratio is -0.0x. This places it at the 50th percentile of its historical range.
Based on historical data, Graphjet Technology is trading at a P/E of -0.0x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Graphjet Technology has -108.0% gross margin and -24275.5% operating margin.