Latest Ratios: P/E Ratio -486.8x · EV/EBITDA N/A · ROE -2.5%. (2016–2026 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $34.5B | $30.2B | $20.4B | $28.5B | $14.7B | $26.2B | $21.8B | $9.2B | $4.8B | $1.3B | — |
| Enterprise Value | $33.4B | $29.1B | $19.9B | $28.9B | $15.4B | $26.9B | $22.4B | $9.4B | $4.9B | $1.3B | — |
| P/E Ratio → | -486.77 | — | — | — | — | — | — | — | — | — | — |
| P/S Ratio | 13.98 | 12.25 | 10.16 | 16.96 | 11.45 | 29.93 | 36.93 | 21.74 | 18.00 | 8.71 | — |
| P/B Ratio | 11.79 | 10.22 | 7.32 | 26.69 | 19.88 | 39.23 | — | 110.66 | 18.17 | 6.95 | — |
| P/FCF | 68.88 | 60.32 | 168.91 | 247.28 | — | — | — | — | — | — | — |
| P/OCF | 68.21 | 59.72 | 135.68 | 234.91 | — | 3747.15 | — | — | — | — | — |
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 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 11.82 | 9.93 | 17.18 | 12.02 | 30.75 | 37.86 | 22.26 | 18.26 | 8.31 | — |
| EV / EBITDA | — | — | — | — | — | — | — | — | — | — | — |
| EV / EBIT | — | — | — | — | — | — | — | — | — | — | — |
| EV / FCF | — | 58.22 | 165.15 | 250.58 | — | — | — | — | — | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 71.7% | 71.7% | 73.3% | 74.8% | 72.8% | 70.3% | 70.0% | 70.3% | 72.4% | 72.3% | 70.5% |
| Operating Margin | -5.6% | -5.6% | -10.8% | -13.9% | -27.0% | -33.1% | -35.5% | -35.1% | -36.6% | -62.9% | -84.8% |
| Net Profit Margin | -2.9% | -2.9% | -6.4% | -10.5% | -26.9% | -35.1% | -45.2% | -41.6% | -37.1% | -62.4% | -85.5% |
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -2.5% | -2.5% | -6.7% | -19.5% | -49.1% | -92.8% | -686.0% | -101.0% | -43.2% | -49.8% | — |
| ROA | -2.0% | -2.0% | -4.1% | -6.5% | -13.7% | -15.9% | -19.5% | -17.0% | -17.2% | -32.7% | -52.3% |
| ROIC | -4.9% | -4.9% | -8.6% | -12.0% | -18.3% | -22.6% | -37.2% | -35.0% | -31.5% | -55.4% | — |
| ROCE | -4.6% | -4.6% | -8.4% | -10.9% | -17.7% | -19.4% | -19.6% | -17.9% | -23.2% | -55.7% | -102.5% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.01 | 0.01 | 0.01 | 1.11 | 1.60 | 1.77 | — | 11.14 | 0.82 | — | — |
| Debt / EBITDA | — | — | — | — | — | — | — | — | — | — | — |
| Net Debt / Equity | — | -0.36 | -0.16 | 0.36 | 0.99 | 1.06 | — | 2.62 | 0.26 | -0.32 | — |
| Net Debt / EBITDA | — | — | — | — | — | — | — | — | — | — | — |
| Debt / FCF | — | -2.10 | -3.76 | 3.30 | — | — | — | — | — | — | — |
| Interest Coverage | -17.80 | -17.80 | -15.26 | -16.42 | -33.02 | -25.77 | -3.68 | -7.40 | -9.09 | -10334.75 | -7703.89 |
Net cash position: cash ($1.1B) exceeds total debt ($33M)
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 4.65 | 4.65 | 5.20 | 4.40 | 3.80 | 4.02 | 3.22 | 4.59 | 3.44 | 2.44 | 1.62 |
| Quick Ratio | 4.65 | 4.65 | 5.20 | 4.40 | 3.80 | 4.02 | 3.22 | 4.59 | 3.44 | 2.44 | 1.62 |
| Cash Ratio | 3.57 | 3.57 | 4.16 | 3.57 | 3.12 | 3.47 | 2.70 | 4.07 | 2.83 | 1.96 | 1.19 |
| Asset Turnover | — | 0.66 | 0.58 | 0.59 | 0.50 | 0.36 | 0.42 | 0.32 | 0.36 | 0.37 | 0.58 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | 73.92 | 71.51 | 70.62 | 81.07 | 81.62 | 83.57 | 74.05 | 99.53 | 119.59 | 112.86 |
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 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | — | — | — | — | — | — |
| FCF Yield | 1.5% | 1.7% | 0.6% | 0.4% | — | — | — | — | — | — | — |
| Buyback Yield | 1.2% | 1.3% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — |
| Total Shareholder Yield | 1.2% | 1.3% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — |
| Shares Outstanding | — | $81M | $75M | $71M | $69M | $65M | $59M | $56M | $52M | $50M | $40M |
Includes 30+ ratios · 11 years · Updated daily
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Quick answers to the most common questions about buying MDB stock.
MongoDB, Inc.'s current P/E ratio is -486.8x. This places it at the 50th percentile of its historical range.
MongoDB, Inc.'s return on equity (ROE) is -2.5%. The historical average is -45.6%.
Based on historical data, MongoDB, Inc. is trading at a P/E of -486.8x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
MongoDB, Inc. has 71.7% gross margin and -5.6% operating margin.
Key Metrics
Top Statement Risk
High valuation leaves no room for error
Metrics are mathematically derived from official filings.
Premium Pricing for Growth Reacceleration
MongoDB's forward P/E of 56.8x and P/S of 12.0x reflect a significant premium, pricing in the recent reacceleration to 30% revenue growth and a pivot to profitability, as reported in recent SEC filings.
The valuation multiples are pricing in a successful transition from a high-growth, cash-burning model to a durable, profitable platform. The forward P/E of 56.8x, compared to a trailing P/E of -419.0x, indicates the market is valuing the company on its future earnings power, not its past losses. This premium appears contingent on sustaining the current growth trajectory and expanding operating margins, as any deceleration could lead to significant multiple compression given the stock's high price-to-sales ratio.
Gross Margin Ceiling and Operating Leverage
Gross margins have stabilized in the low-to-mid 70% range, a structural reality reflecting the significant 'cloud tax' paid to hyperscalers, while operating margins have recently turned positive, suggesting emerging scale benefits.
The gross margin band of 71-74% over the last ten quarters appears to be a structural ceiling for MongoDB's hybrid model, where Atlas revenue carries a high variable cost component. The recent swing to a 3.7% operating margin in Q2 FY2027, from -11.0% a year prior, suggests that revenue growth is beginning to outpace the scaling of operating expenses, particularly Sales & Marketing. However, the persistence of high stock-based compensation, which was nearly 20% of revenue in the latest quarter, means that GAAP profitability remains heavily influenced by non-cash charges.
Inflection from Negative to Positive Returns
Return on Invested Capital (ROIC) has inflected to 1.1% in Q2 FY2027, a stark reversal from -4.8% in Q1 FY2025, indicating the business is beginning to generate positive returns on its capital base.
The dramatic improvement in ROIC from deeply negative territory to positive is driven by the rapid expansion of operating margins and the significant reduction in the company's debt load. This inflection suggests that the company's heavy investments in Atlas and market share are now beginning to generate returns. However, the current ROIC level remains modest, and its sustainability depends on maintaining growth while continuing to improve operating efficiency.
Debt-Free Fortress Enables Strategic Flexibility
MongoDB's balance sheet has been transformed, with the debt-to-equity ratio collapsing from 0.93 in Q1 FY2025 to a negligible 0.01 by Q2 FY2027, effectively eliminating financial leverage risk.
The near-total elimination of debt, coupled with a current ratio of 4.87, has created a fortress balance sheet that provides immense strategic flexibility. This low-leverage position, evidenced by an interest coverage ratio of 50.72x, means the company is insulated from refinancing risk and rising interest rates. The capital structure now appears optimized for a high-growth software company, prioritizing optionality over financial engineering.
The Misleading Power of Free Cash Flow Margin
The 18.1% FCF margin in Q2 FY2027 is a powerful metric but may obscure the true economic cost of growth, as it is heavily inflated by non-cash stock-based compensation and volatile working capital swings.
Free cash flow is often cited as the ultimate measure of software company health, but for MongoDB, it requires careful dissection. The metric benefits from the non-cash add-back of stock-based compensation, which was $148.9M in the quarter, and is subject to large quarterly swings from working capital, as seen in the $57.0M outflow in Q2 versus a $70.1M inflow in Q1. Analysts should focus on operating cash flow less SBC to gauge the true cash generation power, as the headline FCF margin may overstate the sustainability of the company's cash earnings.