Latest Ratios: P/E Ratio 1.3x · EV/EBITDA -0.9x · ROE 4.4%. (2016–2025 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 | $31M | $75M | $18M | $40M | $41M | $235M | $207M | $1.7B | — | — | — |
| Enterprise Value | $-76413858 | $-651326364 | $-351964228 | $-1631238468 | $-2384150193 | $-2190510972 | $-2490668245 | $-2882892384 | — | — | — |
| P/E Ratio → | 1.28 | 0.46 | 0.36 | — | — | — | — | — | — | — | — |
| P/S Ratio | 0.45 | 0.16 | 0.06 | 0.10 | 0.07 | 0.31 | 0.16 | 0.38 | — | — | — |
| P/B Ratio | 0.06 | 0.02 | 0.00 | 0.01 | 0.01 | 0.06 | 0.05 | 0.26 | — | — | — |
| P/FCF | 1.07 | 0.39 | 0.39 | 0.71 | 2.21 | — | — | — | — | — | — |
| P/OCF | 1.06 | 0.38 | 0.38 | 0.65 | 0.64 | — | — | — | — | — | — |
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 | — | -1.42 | -1.14 | -3.96 | -4.24 | -2.88 | -1.98 | -0.65 | — | — | — |
| EV / EBITDA | -0.92 | -1.15 | — | — | — | — | — | — | — | — | — |
| EV / EBIT | -0.95 | -2.99 | — | — | — | — | — | — | — | — | — |
| EV / FCF | — | -3.36 | -7.76 | -28.74 | -128.82 | — | — | — | — | — | — |
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 | 72.4% | 72.4% | 65.2% | 72.1% | 79.4% | 86.1% | 56.5% | 74.3% | 92.0% | 92.6% | 92.6% |
| Operating Margin | 118.6% | 118.6% | -14.7% | -46.9% | -26.8% | -7.3% | -102.1% | -53.3% | 39.7% | 13.7% | 17.5% |
| Net Profit Margin | 35.6% | 35.6% | 16.1% | -34.0% | -105.9% | -30.9% | -179.8% | -49.0% | 31.0% | 6.0% | 6.3% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 4.4% | 4.4% | 1.4% | -3.8% | -15.1% | -5.6% | -42.8% | -34.5% | 34.5% | 17.1% | 14.3% |
| ROA | 3.9% | 3.9% | 1.2% | -3.4% | -12.7% | -4.5% | -31.7% | -24.1% | 22.4% | 9.5% | 6.6% |
| ROIC | 12.9% | 12.9% | -1.3% | -9.1% | -7.4% | -2.5% | -58.4% | -138.5% | 463.7% | — | — |
| ROCE | 13.6% | 13.6% | -1.3% | -5.3% | -3.8% | -1.3% | -23.9% | -33.4% | 36.3% | 32.0% | 32.6% |
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 | 0.01 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.02 | 0.00 | 0.00 | 0.00 |
| Debt / EBITDA | 0.04 | 0.04 | — | — | — | — | — | — | 0.00 | 0.00 | 0.00 |
| Net Debt / Equity | — | -0.19 | -0.10 | -0.47 | -0.65 | -0.58 | -0.64 | -0.72 | -0.87 | -1.02 | -1.24 |
| Net Debt / EBITDA | -1.28 | -1.28 | — | — | — | — | — | — | -2.46 | -4.05 | -3.05 |
| Debt / FCF | — | -3.75 | -8.15 | -29.45 | -131.02 | — | — | — | -2.38 | -1.34 | -3.14 |
| Interest Coverage | — | — | — | — | — | — | — | — | — | — | — |
Net cash position: cash ($751M) exceeds total debt ($24M)
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 | 38.53 | 38.53 | 6.99 | 6.42 | 6.24 | 5.01 | 3.99 | 3.00 | 5.42 | 3.18 | 2.03 |
| Quick Ratio | 38.53 | 38.53 | 6.99 | 6.42 | 5.52 | 3.78 | 2.97 | 2.50 | 5.09 | 2.90 | 1.77 |
| Cash Ratio | 31.55 | 31.55 | 5.73 | 5.52 | 4.91 | 3.23 | 2.54 | 1.95 | 4.31 | 2.57 | 1.32 |
| Asset Turnover | — | 0.11 | 0.08 | 0.10 | 0.13 | 0.15 | 0.23 | 0.50 | 0.61 | 1.07 | 1.05 |
| Inventory Turnover | — | — | 108.06 | — | 0.27 | 0.10 | 0.48 | 0.94 | 0.91 | 1.03 | 0.68 |
| Days Sales Outstanding | — | 132.59 | 179.58 | 33.66 | 230.46 | 216.86 | 51.72 | 34.90 | 22.28 | 29.13 | 60.50 |
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 | 78.2% | 216.0% | 278.1% | — | — | — | — | — | — | — | — |
| FCF Yield | 93.1% | 256.8% | 254.6% | 140.6% | 45.3% | — | — | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — | — | — |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — | — | — |
| Shares Outstanding | — | $12M | $12M | $12M | $12M | $11M | $10M | $9M | $10M | $10M | $10M |
Regulatory and accounting opacity
According to current market data, JFU trades at a P/B ratio of 0.06, a valuation level that suggests investors are pricing in significant permanent impairment of assets rather than viewing the company as a viable, ongoing concern within the Chinese fintech landscape.
The extreme discount to book value indicates that the market assigns negligible value to the company's operating platform, likely due to the historical volatility of its earnings and the opacity of its asset base. This valuation implies that the market views the company's cash and equivalents as the only tangible value, effectively ignoring any potential for future growth or operational turnaround.
Based on reported figures, JFU's ROIC has languished at 0.3% as of 2025Q2, a marginal improvement from the negative double-digit returns seen in 2023, yet still far below the cost of capital required for a sustainable financial services business model.
The persistent inability to generate meaningful returns on invested capital suggests that the company's pivot toward tech empowerment has yet to yield the expected efficiency gains. Investors should monitor whether this low return profile is a structural byproduct of the company's high-variable-cost structure or a temporary consequence of its ongoing transition away from legacy P2P lending.
As reported in recent financial statements, JFU's asset turnover remains stagnant at 0.02, highlighting a fundamental inability to leverage its balance sheet to drive revenue growth, which is a stark contrast to the more efficient turnover ratios observed in peer fintech platforms.
The lack of consistent data regarding the cash conversion cycle and days sales outstanding makes it difficult to assess the true velocity of the company's loan facilitation business. This inefficiency suggests that capital is being trapped in non-productive assets, potentially hindering the company's ability to scale its operations without further diluting shareholder value.
Based on the provided quarterly data, JFU maintains a current ratio of 6.94, which appears robust on the surface but warrants further investigation given the rapid depletion of cash reserves from $2.2 billion in 2023Q1 to $420.5 million by 2025Q2.
While the high current ratio suggests an ability to meet short-term obligations, the rapid erosion of the cash position indicates that the company is burning through its liquidity buffer to sustain operations. This trend suggests that the company's liquidity position may be more vulnerable than the headline ratios imply, especially if the current rate of cash consumption continues.
The P/E ratio of 1.28 is frequently misapplied to JFU, as it fails to account for the massive, non-recurring accounting adjustments that artificially inflate net income and obscure the company's true, underlying operational profitability.
Investors should prioritize normalized operating margins or cash-based metrics over the P/E ratio, as the latter is heavily distorted by the release of credit loss provisions and other one-time items. Relying on the P/E ratio in this context may lead to a dangerous overestimation of the company's earning power and a failure to recognize the underlying volatility of its business model.
Includes 30+ ratios · 10 years · Updated daily
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Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying JFU stock.
9F Inc.'s current P/E ratio is 1.3x. The historical average is 0.4x. This places it at the 100th percentile of its historical range.
9F Inc.'s current EV/EBITDA is -0.9x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA.
9F Inc.'s return on equity (ROE) is 4.4%. The historical average is -3.0%.
Based on historical data, 9F Inc. is trading at a P/E of 1.3x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
9F Inc. has 72.4% gross margin and 118.6% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
9F Inc.'s Debt/EBITDA ratio is 0.0x, indicating low leverage. A ratio below 2x is generally considered financially healthy.