Latest Ratios: P/E Ratio 0.6x · EV/EBITDA 1.5x · ROE 18.9%. (2021–2024 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Market Cap | $2M | $26M | — | — | — |
| Enterprise Value | $3M | $27M | — | — | — |
| P/E Ratio → | 0.56 | 15.57 | — | — | — |
| P/S Ratio | 0.46 | 5.33 | — | — | — |
| P/B Ratio | 0.17 | 4.82 | — | — | — |
| P/FCF | 160.47 | 1864.47 | — | — | — |
| P/OCF | 160.47 | 1864.47 | — | — | — |
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 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| EV / Revenue | — | 5.49 | — | — | — |
| EV / EBITDA | 1.55 | 13.76 | — | — | — |
| EV / EBIT | 1.55 | 13.76 | — | — | — |
| EV / FCF | — | 1919.90 | — | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Gross Margin | 49.8% | 49.8% | 50.5% | 76.1% | 67.3% |
| Operating Margin | 39.9% | 39.9% | 40.0% | 63.6% | 37.6% |
| Net Profit Margin | 15.8% | 15.8% | 33.9% | 59.6% | 33.9% |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| ROE | 18.9% | 18.9% | 78.7% | 133.3% | 147.3% |
| ROA | 11.6% | 11.6% | 52.8% | 52.4% | 24.5% |
| ROIC | 31.5% | 31.5% | 56.8% | 66.8% | 55.7% |
| ROCE | 40.3% | 40.3% | 74.6% | 86.7% | 69.3% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Debt / Equity | 0.20 | 0.20 | 0.15 | 0.46 | 1.36 |
| Debt / EBITDA | 0.56 | 0.56 | 0.22 | 0.52 | 0.79 |
| Net Debt / Equity | — | 0.14 | 0.13 | 0.45 | 1.20 |
| Net Debt / EBITDA | 0.40 | 0.40 | 0.19 | 0.50 | 0.70 |
| Debt / FCF | — | 55.43 | 0.38 | 0.60 | 0.38 |
| Interest Coverage | 88.38 | 88.38 | — | — | — |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Current Ratio | 2.46 | 2.46 | 3.08 | 3.63 | 0.90 |
| Quick Ratio | 2.46 | 2.46 | 3.08 | 3.63 | 0.90 |
| Cash Ratio | 0.92 | 0.92 | 0.07 | 0.07 | 0.04 |
| Asset Turnover | — | 0.52 | 1.18 | 0.83 | 0.72 |
| Inventory Turnover | — | — | — | — | — |
| Days Sales Outstanding | — | 247.42 | 170.44 | 192.74 | 250.52 |
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 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Earnings Yield | 100.0% | 6.4% | — | — | — |
| FCF Yield | 0.6% | 0.1% | — | — | — |
| Buyback Yield | 0.0% | 0.0% | — | — | — |
| Total Shareholder Yield | 0.0% | 0.0% | — | — | — |
| Shares Outstanding | — | $473200 | $450000 | $450000 | $520000 |
Liquidity and operational sustainability
According to current market data, MASK trades at a P/S ratio of 0.46 and a P/E of 0.56, which, based on reported figures, suggests that investors are heavily discounting the company's future earnings potential due to recent volatility and the transition into a net loss position.
The extremely low valuation multiples appear to reflect a market pricing the company as a distressed asset rather than a growth-oriented technology firm. Investors should monitor whether these depressed levels represent a value opportunity or a rational response to the company's inability to maintain consistent profitability and positive cash flow.
As reported in recent financial statements, MASK's gross margin contracted to 44.0% in 2025Q2, a significant decline from the 87.1% peak observed in 2022, which indicates that the company's service-heavy cost structure is struggling to maintain profitability amidst rising operational expenses and competitive pressures.
The shift from high-margin software delivery to a loss-making operating profile suggests that the company's current business model may be failing to achieve the necessary scale to cover its fixed costs. This trend warrants further investigation into whether the recent margin compression is a temporary byproduct of project-based cycles or a permanent deterioration of the firm's earning power.
Based on the company's reported figures, the Days Sales Outstanding (DSO) reached 95 days in 2025Q2, which, compared to historical levels, suggests that MASK is facing increasing difficulty in converting its project-based revenue into actual cash, thereby straining its overall working capital efficiency.
The extended collection cycle appears to be a primary driver of the company's liquidity strain, as the inability to collect receivables promptly forces a reliance on external financing. This inefficiency suggests that the company lacks sufficient leverage over its client base, potentially exposing it to credit risk in the volatile real estate and exhibition sectors.
According to recent SEC filings, MASK's cash position has dwindled to a nominal level, with a current ratio of 3.01 that masks a severe lack of actual liquid assets, indicating that the company's ability to fund ongoing operations without further capital infusion is increasingly precarious.
The rapid depletion of cash reserves, coupled with negative free cash flow, suggests that the company is operating with a very thin margin for error. Investors should monitor the company's ability to secure additional funding or improve its cash conversion cycle, as the current liquidity position appears insufficient to support long-term operational stability.
The most commonly misapplied metric for MASK is the standard SaaS P/S multiple, which, based on the company's service-intensive cost structure, obscures the reality that its revenue is driven by project-based implementation rather than high-margin, recurring subscription software models.
Applying a SaaS valuation framework to MASK likely leads to an inaccurate assessment of its growth and profitability potential, as the company's margins are structurally lower than those of pure-play software providers. Analysts should instead utilize valuation metrics appropriate for IT consultancy firms, which better account for the labor-intensive nature of the company's revenue generation.
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Quick answers to the most common questions about buying MASK stock.
3 E Network Technology Group Ltd Class A Ordinary Shares's current P/E ratio is 0.6x. The historical average is 15.6x.
3 E Network Technology Group Ltd Class A Ordinary Shares's current EV/EBITDA is 1.5x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 13.8x.
3 E Network Technology Group Ltd Class A Ordinary Shares's return on equity (ROE) is 18.9%. The historical average is 94.6%.
Based on historical data, 3 E Network Technology Group Ltd Class A Ordinary Shares is trading at a P/E of 0.6x. Compare with industry peers and growth rates for a complete picture.
3 E Network Technology Group Ltd Class A Ordinary Shares has 49.8% gross margin and 39.9% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
3 E Network Technology Group Ltd Class A Ordinary Shares's Debt/EBITDA ratio is 0.6x, indicating low leverage. A ratio below 2x is generally considered financially healthy.