Mastech Digital, Inc. (MHH) Financial Ratios
19 years of historical data (2006–2024) · Industrials · Staffing & Employment Services
EV/EBITDA
↑
8.12
↓-37% vs avg
5yr avg: 12.81
30Y Low0.9·High21.3
P/FCF
↑
13.30
↓-43% vs avg
5yr avg: 23.40
30Y Low1.8·High95.3
P/B Ratio
↓
0.98
↓-55% vs avg
5yr avg: 2.15
30Y Low0.9·High6.4
ROE
↓
4.0%
↑-53% vs avg
5yr avg: 8.6%
30Y Low-9%·High60%
Debt/EBITDA
↓
0.51
↓-28% vs avg
5yr avg: 0.72
30Y Low0.0·High6.3
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
MHH Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Mastech Digital, Inc. trades at 25.4x earnings, roughly in line with its 5-year average of 26.1x, sitting at the 88th percentile of its historical range. This is roughly in line with the Industrials sector median P/E of 25.9x. On a free-cash-flow basis, the stock trades at 13.3x P/FCF, 43% below the 5-year average of 23.4x.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $83M | $179M | $98M | $133M | $205M | $190M | $124M | $70M | $50M | $31M | $32M |
| Enterprise Value | $59M | $155M | $82M | $131M | $217M | $203M | $153M | $108M | $86M | $40M | $44M |
| P/E Ratio → | 25.39 | 53.21 | — | 15.29 | 16.74 | 19.16 | 11.18 | 10.50 | 29.59 | 12.16 | 11.79 |
| P/S Ratio | 0.42 | 0.90 | 0.49 | 0.55 | 0.92 | 0.98 | 0.64 | 0.40 | 0.34 | 0.23 | 0.26 |
| P/B Ratio | 0.98 | 2.05 | 1.20 | 1.55 | 2.75 | 3.19 | 2.69 | 2.05 | 1.85 | 1.60 | 2.05 |
| P/FCF | 13.30 | 28.64 | 6.26 | 11.29 | 61.72 | 9.08 | 8.25 | — | 22.55 | 13.96 | 11.35 |
| P/OCF | 11.56 | 24.89 | 6.13 | 10.54 | 39.29 | 8.95 | 7.73 | — | 14.98 | 13.32 | 10.72 |
P/E links to full P/E history page with 30-year chart
MHH EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Mastech Digital, Inc.'s enterprise value stands at 8.1x EBITDA, 37% below its 5-year average of 12.8x. The Industrials sector median is 13.7x, placing the stock at a 41% discount on an enterprise-value basis.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.78 | 0.41 | 0.54 | 0.98 | 1.05 | 0.79 | 0.61 | 0.58 | 0.30 | 0.36 |
| EV / EBITDA | 8.12 | 21.26 | — | 7.98 | 10.03 | 11.95 | 7.48 | 7.28 | 14.27 | 7.18 | 8.27 |
| EV / EBIT | 15.61 | 26.31 | — | 9.62 | 14.57 | 14.45 | 14.13 | 10.45 | 21.06 | 8.79 | 9.43 |
| EV / FCF | — | 24.80 | 5.23 | 11.10 | 65.23 | 9.70 | 10.13 | — | 38.55 | 18.12 | 15.44 |
MHH Profitability
Margins and return-on-capital ratios measuring operating efficiency
Mastech Digital, Inc. earns an operating margin of 1.9%, below the Industrials sector average of 4.7%. Operating margins have compressed from 5.0% to 1.9% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 4.0% is modest, trailing the sector median of 8.2%. ROIC of 4.4% represents below-average returns on invested capital versus a sector median of 6.4%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 27.9% | 27.9% | 25.4% | 26.1% | 26.8% | 26.6% | 24.8% | 24.0% | 21.4% | 19.9% | 19.3% |
| Operating Margin | 1.9% | 1.9% | -4.6% | 5.0% | 7.9% | 6.9% | 8.8% | 6.6% | 2.8% | 3.4% | 3.8% |
| Net Profit Margin | 1.7% | 1.7% | -3.5% | 3.6% | 5.5% | 5.1% | 5.8% | 3.8% | 1.1% | 1.9% | 2.2% |
Return on Capital
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 4.0% | 4.0% | -8.5% | 10.9% | 18.2% | 18.6% | 27.7% | 21.8% | 7.0% | 14.5% | 19.2% |
| ROA | 3.1% | 3.1% | -6.7% | 7.8% | 11.3% | 10.2% | 12.2% | 7.0% | 2.4% | 6.5% | 9.4% |
| ROIC | 4.4% | 4.4% | -9.3% | 10.8% | 16.7% | 13.7% | 17.4% | 13.0% | 6.7% | 12.1% | 18.6% |
| ROCE | 4.3% | 4.3% | -10.6% | 13.8% | 21.1% | 17.7% | 23.2% | 15.2% | 7.7% | 16.8% | 23.8% |
MHH Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Mastech Digital, Inc. carries a Debt/EBITDA ratio of 0.5x, which is very conservative (83% below the sector average of 3.1x). The company holds a net cash position — cash of $28M exceeds total debt of $4M, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.04 | 0.04 | 0.06 | 0.06 | 0.25 | 0.35 | 0.68 | 1.13 | 1.41 | 0.52 | 0.79 |
| Debt / EBITDA | 0.51 | 0.51 | — | 0.30 | 0.85 | 1.22 | 1.54 | 2.61 | 6.33 | 1.80 | 2.35 |
| Net Debt / Equity | — | -0.27 | -0.20 | -0.03 | 0.16 | 0.22 | 0.61 | 1.09 | 1.31 | 0.48 | 0.74 |
| Net Debt / EBITDA | -3.29 | -3.29 | — | -0.13 | 0.54 | 0.77 | 1.39 | 2.53 | 5.92 | 1.65 | 2.19 |
| Debt / FCF | — | -3.84 | -1.03 | -0.18 | 3.51 | 0.62 | 1.88 | — | 16.00 | 4.16 | 4.09 |
| Interest Coverage | — | — | — | 34.08 | 26.09 | 13.58 | 9.38 | — | — | — | — |
Net cash position: cash ($28M) exceeds total debt ($4M)
MHH Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Mastech Digital, Inc.'s current ratio of 3.22x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The current ratio has improved from 2.72x to 3.22x over the past 3 years.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 3.22 | 3.22 | 2.84 | 2.72 | 2.01 | 1.87 | 1.93 | 2.28 | 1.72 | 1.87 | 1.75 |
| Quick Ratio | 3.22 | 3.22 | 2.84 | 2.72 | 2.01 | 1.87 | 1.93 | 2.27 | 1.72 | 1.87 | 1.75 |
| Cash Ratio | 1.35 | 1.35 | 1.06 | 0.36 | 0.25 | 0.35 | 0.16 | 0.07 | 0.12 | 0.07 | 0.07 |
| Asset Turnover | — | 1.78 | 1.91 | 2.22 | 1.95 | 1.90 | 2.14 | 1.91 | 1.50 | 3.34 | 3.21 |
| Inventory Turnover | 647.29 | — | — | — | — | — | — | 647.29 | — | — | — |
| Days Sales Outstanding | — | 57.69 | 54.12 | 63.77 | 71.34 | 60.43 | 61.00 | 78.45 | 75.68 | 58.35 | 56.73 |
MHH Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Mastech Digital, Inc. returns 0.1% to shareholders annually primarily through share buybacks. The earnings yield of 3.9% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 3.9% | 1.9% | — | 6.5% | 6.0% | 5.2% | 8.9% | 9.5% | 3.4% | 8.2% | 8.5% |
| FCF Yield | 7.5% | 3.5% | 16.0% | 8.9% | 1.6% | 11.0% | 12.1% | — | 4.4% | 7.2% | 8.8% |
| Buyback Yield | 0.1% | 0.0% | 0.6% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.6% |
| Total Shareholder Yield | 0.1% | 0.0% | 0.6% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.6% |
| Shares Outstanding | — | $12M | $12M | $12M | $12M | $12M | $11M | $11M | $10M | $9M | $9M |
Peer Comparison
Compare MHH with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 MHHYou | $83M | 25.4 | 8.1 | 13.3 | 27.9% | 1.9% | 4.0% | 4.4% | 0.5 |
 KFRC | $769M | 21.5 | 15.0 | 16.4 | 26.8% | 3.8% | 24.9% | 19.1% | 1.3 |
 HURN | $2B | 20.6 | 10.9 | 10.9 | 29.9% | 11.7% | 19.3% | 15.0% | 2.4 |
 ICFI | $1B | 14.9 | 9.0 | 11.1 | 34.1% | 8.1% | 9.1% | 7.2% | 2.7 |
 CASS | $608M | 18.0 | 5.7 | 19.1 | 100.0% | 20.3% | 14.9% | — | 0.1 |
 NSIT | $2B | 14.2 | 7.0 | 7.7 | 21.4% | 4.6% | 9.2% | 10.3% | 3.3 |
 EPAM | $6B | 13.6 | 7.1 | 11.2 | 30.7% | 11.5% | 12.8% | 19.8% | 0.2 |
 GLOB | $2B | 10.9 | 5.3 | 8.1 | 35.7% | 9.3% | 8.7% | 8.3% | 1.1 |
 EXLS | $5B | 20.1 | 13.7 | 16.2 | 38.4% | 15.0% | 27.2% | 20.4% | 1.1 |
 CTSH | $24B | 11.3 | 5.9 | 9.4 | 33.7% | 16.7% | 15.2% | 18.7% | 0.4 |
 WIT | $21B | 15.1 | 11.3 | 12.9 | 30.7% | 17.0% | 16.8% | 13.4% | 1.1 |
| Industrials Median | — | 25.9 | 13.7 | 21.0 | 33.0% | 4.7% | 8.2% | 6.4% | 3.1 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 19 years · Updated daily
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Start ComparisonMHH — Frequently Asked Questions
Quick answers to the most common questions about buying MHH stock.
What is Mastech Digital, Inc.'s P/E ratio?
Mastech Digital, Inc.'s current P/E ratio is 25.4x. The historical average is 16.7x. This places it at the 88th percentile of its historical range.
What is Mastech Digital, Inc.'s EV/EBITDA?
Mastech Digital, Inc.'s current EV/EBITDA is 8.1x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 8.5x.
What is Mastech Digital, Inc.'s ROE?
Mastech Digital, Inc.'s return on equity (ROE) is 4.0%. The historical average is 21.9%.
Is MHH stock overvalued?
Based on historical data, Mastech Digital, Inc. is trading at a P/E of 25.4x. This is at the 88th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What are Mastech Digital, Inc.'s profit margins?
Mastech Digital, Inc. has 27.9% gross margin and 1.9% operating margin.
How much debt does Mastech Digital, Inc. have?
Mastech Digital, Inc.'s Debt/EBITDA ratio is 0.5x, indicating low leverage. A ratio below 2x is generally considered financially healthy.