Latest Ratios: P/E Ratio 3.4x · EV/EBITDA 0.9x · ROE N/A. (2011–2025 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 | $28M | $20M | $15M | $363M | $417M | $343M | $861M | $352M | $246M | $475M | $567M |
| Enterprise Value | $8M | $-35461 | $7M | $303M | $340M | $299M | $808M | $325M | $259M | $406M | $477M |
| P/E Ratio → | 3.44 | 2.49 | — | — | — | 25.25 | 63.50 | — | — | — | — |
| P/S Ratio | 0.13 | 0.09 | 0.06 | 0.58 | 0.83 | 0.77 | 2.16 | 1.45 | 1.08 | 1.48 | 1.94 |
| P/B Ratio | — | — | — | — | 107.70 | 5.37 | 17.43 | 11.04 | — | 8.56 | 8.61 |
| P/FCF | 4.59 | 3.32 | — | — | 11.92 | — | 33.81 | 364.81 | — | — | — |
| P/OCF | 4.56 | 3.30 | — | — | 11.65 | — | 29.36 | 187.06 | — | — | — |
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 | — | -0.00 | 0.03 | 0.48 | 0.68 | 0.67 | 2.03 | 1.33 | 1.14 | 1.27 | 1.63 |
| EV / EBITDA | 0.88 | -0.00 | — | — | — | — | 128.25 | — | — | — | — |
| EV / EBIT | 1.08 | -0.00 | — | — | — | 12.85 | 47.92 | — | — | — | — |
| EV / FCF | — | -0.01 | — | — | 9.73 | — | 31.73 | 336.81 | — | — | — |
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 | 65.0% | 65.0% | 60.1% | 57.2% | 54.6% | 46.3% | 44.2% | 40.1% | 26.9% | 33.0% | 35.4% |
| Operating Margin | 3.2% | 3.2% | -0.9% | -1.7% | -2.8% | -3.6% | 1.0% | -6.6% | -16.5% | -3.2% | -3.1% |
| Net Profit Margin | 3.7% | 3.7% | -1.0% | -1.5% | -11.2% | 2.9% | 3.3% | 0.4% | -26.2% | -3.0% | -3.0% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | — | — | — | — | -167.0% | 23.2% | 32.8% | 8.3% | -250.4% | -15.7% | -27.4% |
| ROA | 11.7% | 11.7% | -2.5% | -6.6% | -31.4% | 7.4% | 9.8% | 0.9% | -55.2% | -8.4% | -10.0% |
| ROIC | — | — | — | — | — | -150.8% | 458.2% | -238.1% | -535.5% | — | — |
| ROCE | — | — | — | -462.2% | -29.6% | -22.0% | 7.5% | -92.2% | -153.7% | -16.8% | -28.5% |
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 | — | — | — | — | 3.00 | 0.18 | 0.25 | 0.42 | — | — | — |
| Debt / EBITDA | 0.61 | 0.61 | — | — | — | — | 1.99 | — | — | — | — |
| Net Debt / Equity | — | — | — | — | -19.86 | -0.69 | -1.07 | -0.85 | — | -1.23 | -1.36 |
| Net Debt / EBITDA | -2.32 | -2.32 | — | — | — | — | -8.41 | — | — | — | — |
| Debt / FCF | — | -3.33 | — | — | -2.20 | — | -2.08 | -28.00 | — | — | — |
| Interest Coverage | 484.44 | 484.44 | — | -2386.50 | -13856.80 | 1789.92 | 183.22 | -13.35 | -11957.00 | — | — |
Net cash position: cash ($26M) exceeds total debt ($5M)
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 | 0.46 | 0.46 | 0.35 | 0.64 | 0.75 | 0.76 | 0.87 | 0.80 | 0.49 | 1.90 | 2.17 |
| Quick Ratio | 0.39 | 0.39 | 0.30 | 0.60 | 0.66 | 0.65 | 0.74 | 0.68 | 0.42 | 1.67 | 1.97 |
| Cash Ratio | 0.35 | 0.35 | 0.23 | 0.50 | 0.57 | 0.51 | 0.68 | 0.56 | 0.34 | 1.28 | 1.71 |
| Asset Turnover | — | 3.12 | 3.68 | 4.98 | 3.06 | 2.28 | 2.52 | 2.15 | 2.12 | 2.94 | 2.47 |
| Inventory Turnover | 15.91 | 15.91 | 27.96 | 46.73 | 16.02 | 19.95 | 17.32 | 17.54 | 19.61 | 18.09 | 17.85 |
| Days Sales Outstanding | — | 2.20 | 1.40 | 0.37 | 0.50 | 3.75 | 4.01 | 9.25 | 4.57 | 6.72 | 3.00 |
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 | 29.0% | 40.2% | — | — | — | 4.0% | 1.6% | — | — | — | — |
| FCF Yield | 21.8% | 30.1% | — | — | 8.4% | — | 3.0% | 0.3% | — | — | — |
| Buyback Yield | 2.6% | 3.5% | 8.0% | 0.6% | 0.0% | 0.0% | 0.3% | 0.1% | 1.4% | 0.7% | 0.1% |
| Total Shareholder Yield | 2.6% | 3.5% | 8.0% | 0.6% | 0.0% | 0.0% | 0.3% | 0.1% | 1.4% | 0.7% | 0.1% |
| Shares Outstanding | — | $9M | $9M | $56M | $57M | $57M | $56M | $56M | $34M | $34M | $32M |
Liquidity and solvency constraints
Based on current market data, LITB trades at a P/S multiple of 0.13 and a P/FCF of 4.59, suggesting that investors are pricing in significant terminal risk rather than growth, as the company's valuation multiples remain deeply discounted compared to broader specialty retail peers.
The extremely low P/S ratio indicates that the market assigns minimal value to the company's revenue stream, likely due to the persistent top-line contraction and high customer acquisition costs. This valuation profile suggests that the market views the current business model as potentially unsustainable without a fundamental pivot in its competitive strategy.
According to the reported financial data, the company maintains a negative cash conversion cycle, reaching -18 days in 2025Q4, which suggests that LITB effectively utilizes supplier credit to finance its operations, though this efficiency is likely a byproduct of its precarious liquidity position.
While a negative CCC is often a sign of operational strength in retail, here it appears to reflect a reliance on extended payment terms to manage cash flow. Investors should monitor whether these supplier relationships remain stable, as any tightening of credit terms could immediately jeopardize the company's ability to fund its inventory requirements.
As reported in recent quarterly filings, the current ratio of 0.46 in 2025Q4 highlights a persistent liquidity deficit, indicating that the company's short-term assets are insufficient to cover its immediate liabilities, which warrants significant caution regarding the firm's ongoing solvency under stress.
The quick ratio of 0.39 further underscores the lack of liquid assets available to meet near-term obligations, leaving little room for error in the event of a demand shock. This structural liquidity constraint suggests that the company is highly sensitive to any disruption in its cash collection or credit cycles.
Based on an analysis of the company's financial structure, the P/E ratio is the most commonly misapplied metric for LITB, as it obscures the volatility of non-operating income and the underlying cash flow challenges inherent in a high-CAC, low-margin cross-border retail business model.
Using P/E to evaluate LITB is misleading because it ignores the significant impact of non-recurring items and the lack of consistent operating cash flow. Analysts should instead focus on EV/Sales or unit-level economics, such as CAC-to-LTV, to better understand the true earning power and sustainability of the company's retail operations.
Includes 30+ ratios · 15 years · Updated daily
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Quick answers to the most common questions about buying LITB stock.
LightInTheBox Holding Co., Ltd.'s current P/E ratio is 3.4x. The historical average is 30.4x. This places it at the 33th percentile of its historical range.
LightInTheBox Holding Co., Ltd.'s current EV/EBITDA is 0.9x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA.
Based on historical data, LightInTheBox Holding Co., Ltd. is trading at a P/E of 3.4x. This is at the 33th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
LightInTheBox Holding Co., Ltd. has 65.0% gross margin and 3.2% operating margin.
LightInTheBox Holding Co., Ltd.'s Debt/EBITDA ratio is 0.6x, indicating low leverage. A ratio below 2x is generally considered financially healthy.