Latest Ratios: P/E Ratio -3.7x · EV/EBITDA N/A · ROE -50.5%. (2001–2025 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 | $160M | $138M | $133M | $58M | $20M | $7M | $3M | $9M | $8M | $2M | $5M |
| Enterprise Value | $174M | $152M | $146M | $65M | $27M | $18M | $4M | $13M | $17M | $10M | $14M |
| P/E Ratio → | -3.70 | — | — | 6.30 | — | — | 0.21 | — | — | — | — |
| P/S Ratio | 103.10 | 88.83 | 44.12 | 45.22 | 114.94 | 7.54 | 15.76 | 47.76 | 52.77 | 15.37 | 0.92 |
| P/B Ratio | 1.43 | 1.24 | 2.23 | 0.74 | 0.36 | 0.07 | 0.10 | 0.37 | 0.85 | 0.14 | 0.32 |
| 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 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 97.68 | 48.38 | 50.83 | 149.80 | 21.02 | 21.60 | 72.49 | 110.52 | 93.94 | 2.75 |
| EV / EBITDA | — | — | — | — | — | — | — | — | — | — | — |
| EV / EBIT | — | — | — | 5.32 | — | — | 0.28 | — | — | — | — |
| 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 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | -316.3% | -316.3% | 85.0% | 100.0% | 100.0% | 68.4% | 74.3% | -755.2% | -1767.2% | -3222.0% | 7.5% |
| Operating Margin | -2439.6% | -2439.6% | -1315.2% | -989.0% | -10868.0% | -743.0% | -2714.1% | -2975.2% | -4924.1% | -8509.6% | -201.4% |
| Net Profit Margin | -2772.3% | -2772.3% | -1767.9% | 718.9% | -25792.2% | -2851.4% | 7403.1% | -2118.7% | -6308.3% | -10137.3% | -255.7% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -50.5% | -50.5% | -77.3% | 13.6% | -61.5% | -39.4% | 54.0% | -23.2% | -89.2% | -80.5% | -78.2% |
| ROA | -31.4% | -31.4% | -53.9% | 8.9% | -40.5% | -28.9% | 36.1% | -11.2% | -31.8% | -32.6% | -33.7% |
| ROIC | -28.8% | -28.8% | -37.6% | -12.8% | -17.4% | -7.0% | -13.5% | -17.4% | -29.1% | -30.4% | -28.3% |
| ROCE | -29.6% | -29.6% | -45.4% | -15.8% | -22.6% | -9.1% | -14.9% | -17.4% | -26.4% | -29.0% | -32.7% |
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 | 0.28 | 0.28 | 0.23 | 0.14 | 0.15 | 0.19 | 0.11 | 0.23 | 0.98 | 0.86 | 0.66 |
| Debt / EBITDA | — | — | — | — | — | — | — | — | — | — | — |
| Net Debt / Equity | — | 0.12 | 0.21 | 0.09 | 0.11 | 0.12 | 0.04 | 0.19 | 0.92 | 0.69 | 0.64 |
| Net Debt / EBITDA | — | — | — | — | — | — | — | — | — | — | — |
| Debt / FCF | — | — | — | — | — | — | — | — | — | — | — |
| Interest Coverage | -19.66 | -19.66 | -16.97 | 7.39 | -27.30 | -178.60 | 36.39 | -3.33 | -5.72 | -5.18 | -16.20 |
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 | 2.06 | 2.06 | 1.55 | 1.56 | 0.97 | 0.58 | 4.32 | 3.00 | 3.58 | 6.97 | 3.29 |
| Quick Ratio | 2.06 | 2.06 | 1.55 | 1.56 | 0.97 | 0.58 | 4.32 | 3.00 | 3.58 | 6.97 | 3.29 |
| Cash Ratio | 1.69 | 1.69 | 0.12 | 1.53 | 0.08 | 0.29 | 1.38 | 0.23 | 0.20 | 1.86 | 0.08 |
| Asset Turnover | — | 0.01 | 0.03 | 0.01 | 0.00 | 0.01 | 0.00 | 0.00 | 0.01 | 0.00 | 0.15 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
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 | — | — | — | 15.9% | — | — | 471.2% | — | — | — | — |
| FCF Yield | — | — | — | — | — | — | — | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 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% | 0.0% | 0.0% | 0.0% |
| Shares Outstanding | — | $37M | $17M | $11M | $7M | $5M | $3M | $2M | $1M | $822545 | $706499 |
Pre-commercial operational insolvency
According to recent market data, LODE trades at a price-to-sales ratio of 103.10, a valuation multiple that appears disconnected from the company's lack of commercial-scale revenue and persistent operating losses, suggesting investors are pricing in speculative technological breakthroughs rather than current fundamental performance or historical asset value.
The absence of meaningful P/E or EV/EBITDA metrics highlights that the market treats LODE as a venture-stage technology play rather than a traditional industrial firm. This valuation premium warrants caution, as it implies an expectation of rapid commercialization that remains unproven by the company's current financial trajectory.
Based on reported figures, Comstock Inc. has consistently generated negative ROIC, with the most recent 2026Q1 return of -5.9% reflecting a structural inability to deploy capital into profitable projects, a trend that has persisted over the last ten quarters as the company pivots toward unproven environmental technologies.
The negative ROIC trend indicates that every dollar of capital invested is currently destroying shareholder value rather than compounding it. This decay in returns suggests that the company's strategic shift has yet to overcome the high fixed-cost burden inherent in its mining and remediation infrastructure.
As reported in financial statements, the company's DSO has fluctuated wildly, reaching 230 days in 2026Q1, which indicates significant challenges in converting project-based activities into cash and highlights the lack of operational leverage compared to more established industrial peers in the Nevada mining and services sector.
The extreme volatility in DSO and the lack of consistent CCC metrics suggest that the company's working capital management is secondary to its ongoing struggle to achieve commercial throughput. Investors should monitor these efficiency ratios as a proxy for the company's ability to transition from exploratory development to sustainable operations.
Based on recent SEC filings, Comstock Inc. maintains a current ratio of 4.51, which appears superficially healthy but is largely driven by the accumulation of cash from financing activities rather than operational liquidity, leaving the firm vulnerable to rapid depletion as it funds its ongoing pre-commercial development phase.
While the current ratio suggests a short-term cushion, the underlying cash burn rate indicates that this liquidity is finite and likely to be exhausted without a successful commercial pivot. The reliance on external capital to maintain this liquidity position remains a critical risk factor for long-term solvency.
Analysts frequently misapply traditional mining valuation metrics like EV/EBITDA to LODE, which obscures the reality that the company is currently a pre-revenue technology developer rather than a commodity producer, necessitating a shift toward monitoring cash burn and regulatory milestone achievement instead of standard valuation multiples.
Using commodity-based valuation for a company with negative gross margins and no consistent production leads to a fundamental misunderstanding of its risk profile. Investors should instead focus on the cash runway and the progress of environmental permitting, as these are the true determinants of the company's survival.
Includes 30+ ratios · 25 years · Updated daily
DCF models, multiple analysis, and analyst estimates.
10-year return with dividends reinvested.
See how regular investing compounds over time.
Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying LODE stock.
Comstock Inc.'s current P/E ratio is -3.7x. The historical average is 3.3x.
Comstock Inc.'s return on equity (ROE) is -50.5%. The historical average is -68.0%.
Based on historical data, Comstock Inc. is trading at a P/E of -3.7x. Compare with industry peers and growth rates for a complete picture.
Comstock Inc. has -316.3% gross margin and -2439.6% operating margin.