Latest Ratios: P/E Ratio -37.5x · EV/EBITDA 76.1x · ROE -20.7%. (2000–2026 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 | $84M | $51M | $32M | $61M | $43M | $55M | — | — | — | — | — |
| Enterprise Value | $82M | $49M | $30M | $57M | $36M | $44M | — | — | — | — | — |
| P/E Ratio → | -37.45 | — | — | — | 37.85 | 47.62 | — | — | — | — | — |
| P/S Ratio | 2.71 | 2.02 | 1.12 | 1.85 | 1.23 | 1.45 | — | — | — | — | — |
| P/B Ratio | 4.40 | 2.66 | 1.41 | 2.28 | 3.57 | 1.88 | — | — | — | — | — |
| P/FCF | 6487.05 | — | — | — | 24.46 | — | — | — | — | — | — |
| P/OCF | — | — | — | — | 23.21 | — | — | — | — | — | — |
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 | — | 1.93 | 1.03 | 1.72 | 1.04 | 1.15 | — | — | — | — | — |
| EV / EBITDA | 76.14 | — | — | — | 17.87 | 14.83 | — | — | — | — | — |
| EV / EBIT | — | — | — | — | 22.36 | 18.26 | — | — | — | — | — |
| EV / FCF | — | — | — | — | 20.54 | — | — | — | — | — | — |
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 | 59.7% | 59.7% | 75.5% | 73.5% | 75.0% | 75.8% | 76.8% | 75.9% | 74.3% | 79.7% | 84.9% |
| Operating Margin | -9.5% | -9.5% | -23.1% | -19.1% | 4.1% | 6.3% | 18.6% | 7.2% | 2.8% | 9.8% | 21.0% |
| Net Profit Margin | -17.3% | -17.3% | -20.1% | -12.4% | 3.3% | 3.0% | 14.7% | 6.6% | 1.0% | 6.1% | 16.2% |
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -20.7% | -20.7% | -23.5% | -21.1% | 5.7% | 4.2% | 26.3% | 9.8% | 1.5% | 11.5% | 49.2% |
| ROA | -16.1% | -16.1% | -18.4% | -11.9% | 3.3% | 3.4% | 21.0% | 7.8% | 1.2% | 8.1% | 31.0% |
| ROIC | -8.0% | -8.0% | -18.8% | -22.7% | 4.8% | 6.1% | 23.0% | 7.4% | 3.2% | 13.3% | 45.1% |
| ROCE | -10.9% | -10.9% | -26.0% | -21.3% | 4.6% | 8.4% | 31.5% | 9.9% | 4.2% | 16.5% | 51.2% |
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 | 0.02 | 0.02 | 0.10 | 0.05 | 0.11 | 0.07 | 0.08 | 0.09 | 0.04 | 0.05 | 0.05 |
| Debt / EBITDA | — | — | — | — | 0.64 | 0.65 | 0.26 | 0.69 | 0.47 | 0.24 | 0.10 |
| Net Debt / Equity | — | -0.13 | -0.11 | -0.15 | -0.57 | -0.38 | -0.55 | -0.42 | -0.34 | -0.40 | -0.46 |
| Net Debt / EBITDA | — | — | — | — | -3.40 | -3.75 | -1.74 | -3.20 | -3.97 | -1.99 | -0.84 |
| Debt / FCF | — | — | — | — | -3.91 | — | -1.95 | -9.12 | -7.01 | -2.51 | -1.23 |
| Interest Coverage | -70.72 | -70.72 | -5.30 | -339.50 | 80.70 | 75.83 | 190.10 | 57.83 | 21.64 | 25.74 | 314.95 |
Net cash position: cash ($3M) exceeds total debt ($468000)
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 | 4.35 | 4.35 | 2.87 | 4.63 | 6.40 | 5.25 | 4.76 | 4.88 | 4.82 | 3.23 | 4.35 |
| Quick Ratio | 4.35 | 4.35 | 2.87 | 4.63 | 6.40 | 5.25 | 4.76 | 4.88 | 4.82 | 3.23 | 4.35 |
| Cash Ratio | 0.78 | 0.78 | 0.75 | 1.04 | 1.95 | 2.69 | 3.17 | 2.72 | 2.01 | 1.46 | 1.95 |
| Asset Turnover | — | 1.05 | 0.95 | 1.00 | 0.99 | 1.07 | 1.27 | 1.10 | 1.27 | 1.24 | 1.63 |
| 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 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 | — | — | — | — | 2.6% | 2.1% | — | — | — | — | — |
| FCF Yield | 0.0% | — | — | — | 4.1% | — | — | — | — | — | — |
| Buyback Yield | 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% | — | — | — | — | — |
| Shares Outstanding | — | $43M | $42M | $40M | $39M | $39M | $38M | $38M | $38M | $38M | $30M |
Includes 30+ ratios · 26 years · Updated daily
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10-year return with dividends reinvested.
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Quick answers to the most common questions about buying MGLD stock.
The Marygold Companies, Inc.'s current P/E ratio is -37.5x. The historical average is 42.7x.
The Marygold Companies, Inc.'s current EV/EBITDA is 76.1x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 16.3x.
The Marygold Companies, Inc.'s return on equity (ROE) is -20.7%. The historical average is 12.6%.
Based on historical data, The Marygold Companies, Inc. is trading at a P/E of -37.5x. Compare with industry peers and growth rates for a complete picture.
The Marygold Companies, Inc. has 59.7% gross margin and -9.5% operating margin.
Key Metrics
Top Statement Risk
Fintech pivot execution failure
Metrics are mathematically derived from official filings.
Conglomerate Discount Reflects Operational Uncertainty
Based on reported figures, MGLD trades at a P/S ratio of 1.68, which appears to reflect a significant conglomerate discount as the market struggles to reconcile the company's disparate legacy assets with its high-risk fintech development ambitions in the absence of positive earnings or a clear forward P/E.
The lack of a meaningful P/E or EV/EBITDA multiple suggests that investors are currently valuing the firm as a venture-stage entity rather than a mature financial services provider. This valuation approach appears appropriate given the persistent negative operating margins, which render traditional earnings-based multiples largely irrelevant for assessing the company's current intrinsic value.
Capital Allocation Yields Negative Returns
As reported in financial statements, MGLD's ROIC has remained consistently negative, bottoming out at -7.1% in 2024Q4, which indicates that the company is currently destroying shareholder value by reinvesting capital into projects that fail to generate returns exceeding the cost of capital or even achieving operational break-even.
The persistent decay in ROIC highlights the structural challenge of funding high-growth fintech moonshots with cash flows from low-growth legacy segments. Investors should monitor whether the recent improvement to -0.4% in 2026Q3 represents a sustainable trend or merely a temporary fluctuation in asset utilization efficiency.
Asset Turnover Stagnation Limits Scaling
According to recent quarterly data, MGLD's asset turnover ratio has remained stubbornly low, hovering between 0.21 and 0.27 over the last ten quarters, suggesting that the company's asset base is not being utilized effectively to drive top-line growth across its diverse portfolio of food, beauty, and security businesses.
This low turnover ratio implies that the company is carrying significant idle or underperforming assets that do not contribute meaningfully to revenue generation. The lack of improvement in this metric warrants further investigation into whether the current asset mix is fundamentally misaligned with the company's stated goal of becoming a unified fintech-focused holding company.
Liquidity Buffer Facing Rapid Depletion
Based on the company's most recent quarterly filings, the current ratio has fluctuated significantly, dropping from a peak of 5.68 in 2024Q3 to 4.21 in 2026Q3, which indicates that while the firm maintains a nominal liquidity cushion, its actual cash runway is under pressure from persistent operating losses.
The high current ratio may be misleading if a significant portion of current assets is tied up in inventory or receivables that are not easily convertible to cash. Given the negative operating cash flow, the company's ability to sustain its current burn rate without external financing appears increasingly precarious.
Misapplied Metric: Consolidated Gross Margin
The most commonly misapplied metric for MGLD is the consolidated gross margin, which, at 94.5% in 2026Q3, creates a false sense of profitability that obscures the underlying reality of deep-seated operating inefficiencies and the high cost of maintaining a multi-national, multi-industry conglomerate structure.
Analysts should focus on operating margin or free cash flow instead, as these metrics better capture the true earning power of the business after accounting for the heavy SG&A and R&D expenses required to support the fintech pivot. Relying on gross margin alone ignores the significant corporate overhead that currently prevents the company from achieving sustainable profitability.