Latest Ratios: P/E Ratio -0.9x · EV/EBITDA N/A · ROE -674.5%. (2019–2025 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 |
|---|---|---|---|---|---|---|---|---|
| Market Cap | $41M | $42M | $73M | $11M | $11M | — | — | — |
| Enterprise Value | $50M | $51M | $78M | $5M | $132248 | — | — | — |
| P/E Ratio → | -0.85 | — | — | — | — | — | — | — |
| P/S Ratio | 5.23 | 5.34 | 21.45 | 2.68 | 2.94 | — | — | — |
| P/B Ratio | — | — | 7.17 | 0.76 | 0.67 | — | — | — |
| 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 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 6.38 | 22.76 | 1.25 | 0.03 | — | — | — |
| 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 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 15.2% | 15.2% | 43.4% | 73.6% | 73.5% | 50.9% | 55.9% | — |
| Operating Margin | -115.5% | -115.5% | -189.3% | -85.0% | -53.0% | 14.6% | 0.5% | — |
| Net Profit Margin | -220.4% | -220.4% | -73.8% | -84.2% | -53.7% | 13.9% | 0.5% | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| ROE | -674.5% | -674.5% | -20.9% | -21.4% | -18.5% | 10.8% | 0.4% | -3.2% |
| ROA | -131.2% | -131.2% | -15.6% | -19.7% | -16.5% | 8.1% | 0.3% | -3.2% |
| ROIC | -76.6% | -76.6% | -42.1% | -35.6% | -26.3% | 7.4% | 0.2% | — |
| ROCE | -133.7% | -133.7% | -45.1% | -21.1% | -17.2% | 9.5% | 0.3% | -3.2% |
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 |
|---|---|---|---|---|---|---|---|---|
| Debt / Equity | — | — | 0.49 | 0.04 | 0.05 | 0.20 | 0.26 | — |
| Debt / EBITDA | — | — | — | — | — | 1.08 | 36.45 | — |
| Net Debt / Equity | — | — | 0.44 | -0.40 | -0.66 | 0.08 | 0.19 | 0.00 |
| Net Debt / EBITDA | — | — | — | — | — | 0.47 | 27.63 | 0.00 |
| Debt / FCF | — | — | — | — | — | 0.41 | — | — |
| Interest Coverage | -2.09 | -2.09 | — | — | -84.73 | 12.84 | — | — |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.29 | 0.29 | 1.81 | 9.01 | 14.23 | 6.36 | 3.16 | 93.78 |
| Quick Ratio | 0.16 | 0.16 | 0.90 | 6.84 | 12.47 | 1.79 | 1.05 | 93.78 |
| Cash Ratio | 0.06 | 0.06 | 0.21 | 6.01 | 12.63 | 1.57 | 0.32 | — |
| Asset Turnover | — | 0.84 | 0.20 | 0.26 | 0.21 | 0.61 | 0.29 | — |
| Inventory Turnover | 5.22 | 5.22 | 0.83 | 0.47 | 1.23 | 0.86 | 0.44 | — |
| Days Sales Outstanding | — | 37.13 | 185.24 | 75.64 | 39.41 | 7.35 | 128.08 | — |
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 |
|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | 11.5% | — | — | — | — |
| Payout Ratio | — | — | — | — | — | 53.1% | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | — | — | — |
| FCF Yield | — | — | — | — | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.2% | 0.0% | — | — | — |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 11.8% | 0.0% | — | — | — |
| Shares Outstanding | — | $17M | $13M | $9M | $6M | $5M | $6M | $5M |
Includes 30+ ratios · 7 years · Updated daily
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10-year return with dividends reinvested.
Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying LASE stock.
Laser Photonics Corporation's current P/E ratio is -0.9x. This places it at the 50th percentile of its historical range.
Laser Photonics Corporation's return on equity (ROE) is -674.5%. The historical average is -8.8%.
Based on historical data, Laser Photonics Corporation is trading at a P/E of -0.9x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Laser Photonics Corporation has 15.2% gross margin and -115.5% operating margin.
Key Metrics
Top Statement Risk
Liquidity and capital exhaustion
Metrics are mathematically derived from official filings.
Speculative Multiples Amidst Operational Losses
Based on reported figures, LASE trades at a price-to-sales ratio of 3.70, a valuation that appears disconnected from its negative net margins and the absence of positive earnings, suggesting investors are pricing in speculative growth potential rather than current fundamental industrial performance or tangible asset value.
The P/S multiple of 3.70 implies that the market is valuing the company as a high-growth technology disruptor rather than a traditional machinery manufacturer. Given the lack of positive P/E or EV/EBITDA metrics, this valuation remains highly sensitive to the company's ability to sustain its volatile revenue growth, which may not be supported by its current cost structure.
Margin Instability Hinders Earning Power
As reported in financial statements, LASE's gross margin has fluctuated significantly, reaching a negative 42.4% in 2026Q1, which indicates that the company lacks the pricing power or manufacturing efficiency necessary to cover its variable costs, let alone its substantial fixed operating expenses.
The extreme volatility in gross margins suggests that the company's cost of goods sold is highly sensitive to project-specific inputs or supply chain disruptions. Without a consistent positive margin profile, the company's earning power remains theoretical, as operating losses continue to erode the capital base.
Capital Erosion Through Negative Returns
According to recent SEC filings, LASE's ROIC has trended deeply into negative territory, hitting -73.1% in 2026Q1, which demonstrates that the company is currently destroying shareholder capital rather than compounding it through its industrial operations or strategic investments in laser technology.
The persistent negative ROIC reflects a business model that is unable to generate returns exceeding its cost of capital. This trend suggests that the company's aggressive expansion strategy is not yet yielding the operational efficiencies required to justify the capital deployed into its manufacturing and R&D efforts.
Working Capital Strains Operational Velocity
Based on the provided quarterly data, LASE's cash conversion cycle has remained highly erratic, peaking at 621 days in 2024Q2, which reveals significant inefficiencies in managing inventory and collecting receivables compared to more established industrial machinery peers.
The high DSO and DIO figures suggest that the company is struggling to convert its sales into cash, which exacerbates its liquidity challenges. This inefficiency in working capital management forces the company to rely more heavily on external financing to fund its day-to-day operations.
Liquidity Buffers Near Critical Thresholds
As indicated by the most recent balance sheet data, the current ratio has deteriorated to 0.53, a level that warrants close monitoring as it suggests the company may face increasing difficulty in meeting its short-term obligations without further dilutive capital raises.
The rapid decline in the current ratio from historical highs highlights a severe contraction in liquidity, leaving the company with little margin for error. Investors should monitor the company's ability to manage its current liabilities, especially given the limited cash reserves reported in recent filings.
Misapplication of Revenue Growth Metrics
The most commonly misapplied metric for LASE is the headline revenue growth rate, which obscures the underlying cash burn and the lack of recurring revenue, leading investors to potentially overestimate the company's stability in a capital-intensive industrial sector.
While triple-digit revenue growth is often viewed as a positive signal, it is misleading in this context because it does not account for the high cost of customer acquisition and the lumpy nature of project-based sales. A more appropriate metric would be the cash-burn-to-revenue ratio, which better captures the sustainability of the company's current growth trajectory.