Latest Ratios: P/E Ratio -54.4x · EV/EBITDA 13.9x · ROE N/A. (1999–2025 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 | $159M | $155M | $129M | $25M | $90M | $602M | $1.5B | $574M | $274M | $95M | $132M |
| Enterprise Value | $183M | $179M | $150M | $188M | $257M | $721M | $1.6B | $711M | $383M | $205M | $216M |
| P/E Ratio → | -54.39 | — | 102.60 | — | — | — | — | — | — | — | — |
| P/S Ratio | 0.96 | 0.93 | 0.67 | 0.15 | 0.37 | 2.29 | 4.74 | 2.62 | 1.35 | 0.43 | 0.54 |
| P/B Ratio | — | — | — | — | — | — | — | — | — | — | — |
| P/FCF | 24.39 | 23.78 | 3.85 | — | — | — | — | — | — | — | — |
| P/OCF | 22.15 | 21.59 | 3.84 | 4.20 | — | — | 74.16 | — | — | — | — |
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 | — | 1.08 | 0.78 | 1.13 | 1.05 | 2.75 | 5.17 | 3.24 | 1.89 | 0.94 | 0.89 |
| EV / EBITDA | 13.91 | 13.61 | 10.51 | — | — | — | 576.83 | — | 13.80 | — | — |
| EV / EBIT | 38.91 | 35.40 | — | — | — | — | — | — | 29.19 | — | — |
| EV / FCF | — | 27.38 | 4.48 | — | — | — | — | — | — | — | — |
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 | 37.7% | 37.7% | 36.0% | 21.4% | 27.3% | 28.9% | 28.9% | 29.1% | 34.9% | 30.7% | 31.3% |
| Operating Margin | 2.8% | 2.8% | 0.9% | -21.5% | -23.6% | -17.7% | -8.0% | -8.9% | 6.9% | -10.1% | -18.5% |
| Net Profit Margin | 0.5% | 0.5% | 2.4% | -27.6% | -27.7% | -18.3% | -35.4% | -18.3% | -4.0% | -20.9% | -24.9% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | — | — | — | — | — | — | — | — | — | — | -951.1% |
| ROA | 0.9% | 0.9% | 4.1% | -32.8% | -26.4% | -16.5% | -57.2% | -24.8% | -5.0% | -28.9% | -34.2% |
| ROIC | 25.4% | 25.4% | 3.7% | -34.2% | -45.6% | -34.7% | -18.2% | -17.1% | 15.3% | -25.3% | -39.7% |
| ROCE | 11.5% | 11.5% | 3.3% | -42.6% | -30.3% | -21.6% | -18.7% | -17.3% | 13.5% | -22.8% | -39.6% |
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 | — | — | — | — | — | — | — | — | — | — | — |
| Debt / EBITDA | 3.68 | 3.68 | 4.26 | — | — | — | 62.31 | — | 5.03 | — | — |
| Net Debt / Equity | — | — | — | — | — | — | — | — | — | — | — |
| Net Debt / EBITDA | 1.79 | 1.79 | 1.48 | — | — | — | 48.08 | — | 3.91 | — | — |
| Debt / FCF | — | 3.60 | 0.63 | — | — | — | — | — | — | — | — |
| Interest Coverage | 1.34 | 1.34 | -0.25 | -3.96 | -6.95 | -5.94 | -10.11 | -0.94 | 0.64 | -0.88 | -2.86 |
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 | 1.32 | 1.32 | 1.15 | 1.04 | 1.38 | 1.71 | 1.51 | 1.44 | 1.57 | 1.11 | 1.10 |
| Quick Ratio | 1.16 | 1.16 | 0.93 | 0.63 | 0.71 | 1.21 | 1.06 | 0.87 | 1.08 | 0.77 | 0.60 |
| Cash Ratio | 0.51 | 0.51 | 0.62 | 0.13 | 0.13 | 0.67 | 0.55 | 0.27 | 0.58 | 0.35 | 0.16 |
| Asset Turnover | — | 1.77 | 1.91 | 1.37 | 1.53 | 0.74 | 1.38 | 1.36 | 1.25 | 1.39 | 1.53 |
| Inventory Turnover | 13.40 | 13.40 | 9.02 | 5.75 | 4.70 | 4.99 | 6.57 | 6.15 | 4.99 | 7.45 | 5.37 |
| Days Sales Outstanding | — | 55.10 | 33.04 | 57.58 | 45.91 | 49.81 | 34.82 | 32.69 | 37.20 | 26.09 | 33.27 |
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 | — | — | 1.0% | — | — | — | — | — | — | — | — |
| FCF Yield | 4.1% | 4.2% | 26.0% | — | — | — | — | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.2% | 0.0% | 0.0% | 0.5% | 0.5% |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.2% | 0.0% | 0.0% | 0.5% | 0.5% |
| Shares Outstanding | — | $15M | $13M | $11M | $11M | $10M | $10M | $8M | $7M | $6M | $5M |
Carrier procurement cycle volatility
According to current market data, Inseego trades at a P/S multiple of 0.96, suggesting that investors are pricing the firm as a distressed turnaround candidate rather than a growth-oriented technology entity, given the lack of meaningful earnings support and the persistent volatility in its forward P/E projections.
The negative TTM P/E ratio highlights the company's inability to generate consistent bottom-line results, forcing the market to rely on sales-based multiples. This valuation approach appears to discount the potential for a successful pivot to SaaS, reflecting deep skepticism regarding the company's ability to scale profitably in a competitive hardware landscape.
As reported in financial statements, Inseego's ROIC has fluctuated wildly between -19.2% and 9.7% over the last ten quarters, indicating that the company has struggled to deploy capital effectively to generate sustainable returns, largely due to the high R&D requirements inherent in its 5G hardware business model.
The erratic ROIC trend suggests that management has not yet achieved the necessary scale to overcome the fixed costs of its R&D and carrier certification processes. Investors should monitor whether the recent divestiture of international assets can improve these returns by focusing capital on higher-margin domestic software opportunities.
Based on historical data, Inseego's cash conversion cycle has shown extreme variance, swinging from -11 days to 50 days, which underscores the company's limited leverage over its supply chain and its susceptibility to inventory build-ups during periods of slowing carrier demand for 5G hardware.
The high DSO and DIO figures relative to historical norms suggest that the company is frequently forced to carry excess inventory or extend payment terms to maintain carrier relationships. This lack of working capital efficiency creates a recurring drag on cash flow, leaving the firm vulnerable to sudden shifts in procurement.
As evidenced by recent SEC filings, the company's current ratio of 1.02 in 2026Q1 leaves little room for operational error, indicating that Inseego maintains a precarious liquidity position that is highly sensitive to any disruption in its primary revenue streams or unexpected increases in short-term debt obligations.
The reliance on a quick ratio below 1.0 in several recent periods suggests that the company's ability to meet immediate liabilities is heavily dependent on the rapid liquidation of inventory. This structural weakness warrants further investigation into the company's ability to refinance debt without further diluting shareholders.
Market participants frequently misapply top-line revenue growth as a primary indicator of health for Inseego, which obscures the reality that the company's hardware-heavy model often requires significant contra-revenue and R&D spending that effectively nullifies the value of that growth in terms of actual cash generation.
Instead of focusing on revenue, analysts should prioritize the SaaS attachment rate and free cash flow margins to assess the true quality of the business. Relying on revenue growth in a commoditized hardware market often leads to an overestimation of the company's long-term competitive positioning and earnings potential.
Includes 30+ ratios · 27 years · Updated daily
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Quick answers to the most common questions about buying INSG stock.
Inseego Corp.'s current P/E ratio is -54.4x. The historical average is 118.2x.
Inseego Corp.'s current EV/EBITDA is 13.9x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 14.9x.
Based on historical data, Inseego Corp. is trading at a P/E of -54.4x. Compare with industry peers and growth rates for a complete picture.
Inseego Corp. has 37.7% gross margin and 2.8% operating margin.
Inseego Corp.'s Debt/EBITDA ratio is 3.7x, indicating high leverage. A ratio between 2-4x is manageable but warrants monitoring.