MIND Technology, Inc. (MIND) Financial Ratios
30 years of historical data (1995–2024) · Technology · Hardware, Equipment & Parts
EV/EBITDA
↓
7.19
↓-38% vs avg
5yr avg: 11.63
30Y Low4.9·High58.3
P/FCF
279.59
↓-19% vs avg
5yr avg: 345.20
30Y Low6.5·High105.0
P/B Ratio
↓
1.93
↓-19% vs avg
5yr avg: 2.38
30Y Low1.3·High21.2
ROE
↑
20.3%
↓+185% vs avg
5yr avg: -23.8%
30Y Low-50%·High27%
Debt/EBITDA
↓
0.17
↓-59% vs avg
5yr avg: 0.41
30Y Low0.1·High3.8
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
MIND Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
MIND Technology, Inc. trades at 10.3x earnings, 29% below its 5-year average of 14.5x, sitting at the 7th percentile of its historical range. Compared to the Technology sector median P/E of 27.4x, the stock trades at a discount of 62%. On a free-cash-flow basis, the stock trades at 279.6x P/FCF, 19% below the 5-year average of 345.2x.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $60M | $74M | $33M | $36M | $76M | $111M | $138M | $193M | $182M | $235M | $131M |
| Enterprise Value | $56M | $70M | $29M | $37M | $73M | $109M | $137M | $183M | $172M | $238M | $148M |
| P/E Ratio → | 10.34 | 14.48 | — | — | — | — | — | — | — | — | — |
| P/S Ratio | 1.28 | 1.58 | 0.90 | 1.45 | 3.29 | 5.23 | 4.61 | 4.49 | 3.76 | 5.72 | 2.54 |
| P/B Ratio | 1.93 | 2.70 | 1.46 | 1.58 | 2.51 | 3.65 | 2.89 | 3.40 | 2.76 | 2.90 | 1.25 |
| P/FCF | 279.59 | 345.20 | — | — | — | — | — | — | — | 104.98 | 10.59 |
| P/OCF | 91.91 | 113.48 | — | — | — | — | — | — | 252.79 | 74.39 | 8.81 |
P/E links to full P/E history page with 30-year chart
MIND EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
MIND Technology, Inc.'s enterprise value stands at 7.2x EBITDA, 38% below its 5-year average of 11.6x. The Technology sector median is 17.4x, placing the stock at a 59% 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 | — | 1.49 | 0.79 | 1.49 | 3.15 | 5.13 | 4.58 | 4.27 | 3.56 | 5.81 | 2.86 |
| EV / EBITDA | 7.19 | 9.00 | 14.26 | — | — | — | — | — | — | — | 27.69 |
| EV / EBIT | 8.19 | 9.90 | 55.99 | — | — | — | — | — | — | — | — |
| EV / FCF | — | 326.43 | — | — | — | — | — | — | — | 106.54 | 11.94 |
MIND Profitability
Margins and return-on-capital ratios measuring operating efficiency
MIND Technology, Inc. earns an operating margin of 14.5%. Operating margins have expanded from -22.6% to 14.5% over the past 3 years, signaling improving operational efficiency. ROE of 20.3% indicates solid capital efficiency. ROIC of 24.4% represents excellent returns on invested capital.
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 | 44.7% | 44.7% | 40.5% | 34.4% | 26.1% | 34.5% | 55.6% | 27.3% | 12.6% | -18.1% | 5.2% |
| Operating Margin | 14.5% | 14.5% | 1.4% | -22.6% | -62.9% | -55.6% | -16.5% | -30.3% | -40.8% | -76.3% | -51.6% |
| Net Profit Margin | 10.8% | 10.8% | -5.7% | -35.3% | -65.3% | -87.0% | -37.7% | -46.2% | -43.6% | -80.9% | -74.8% |
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 | 20.3% | 20.3% | -9.1% | -33.1% | -49.7% | -47.3% | -21.6% | -32.4% | -28.7% | -35.7% | -30.8% |
| ROA | 14.5% | 14.5% | -6.2% | -23.6% | -36.9% | -37.7% | -18.3% | -28.6% | -25.0% | -28.9% | -24.6% |
| ROIC | 24.4% | 24.4% | 1.8% | -16.6% | -39.6% | -23.6% | -7.9% | -18.9% | -21.1% | -22.8% | -13.9% |
| ROCE | 26.6% | 26.6% | 2.2% | -20.5% | -46.0% | -28.9% | -9.2% | -21.0% | -26.7% | -30.7% | -18.3% |
MIND Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
MIND Technology, Inc. carries a Debt/EBITDA ratio of 0.2x, which is very conservative (94% below the sector average of 2.9x). The company holds a net cash position — cash of $5M exceeds total debt of $1M, 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 | 0.05 | 0.05 | 0.06 | 0.08 | 0.06 | 0.08 | 0.05 | — | — | 0.08 | 0.20 |
| Debt / EBITDA | 0.17 | 0.17 | 0.65 | — | — | — | — | — | — | — | 3.83 |
| Net Debt / Equity | — | -0.15 | -0.18 | 0.04 | -0.11 | -0.08 | -0.02 | -0.17 | -0.15 | 0.04 | 0.16 |
| Net Debt / EBITDA | -0.52 | -0.52 | -1.95 | — | — | — | — | — | — | — | 3.12 |
| Debt / FCF | — | -18.77 | — | — | — | — | — | — | — | 1.55 | 1.35 |
| Interest Coverage | — | — | 0.77 | -10.89 | — | — | -107.50 | — | — | -47.92 | -36.21 |
Net cash position: cash ($5M) exceeds total debt ($1M)
MIND Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
MIND Technology, Inc.'s current ratio of 3.71x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The quick ratio of 2.12x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory. The current ratio has improved from 2.49x to 3.71x 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 | 3.71 | 3.71 | 2.76 | 2.49 | 2.73 | 3.42 | 3.63 | 4.89 | 4.39 | 2.60 | 3.44 |
| Quick Ratio | 2.12 | 2.12 | 1.46 | 0.77 | 1.42 | 1.96 | 2.06 | 3.44 | 2.95 | 1.72 | 2.40 |
| Cash Ratio | 0.62 | 0.62 | 0.51 | 0.09 | 0.48 | 0.59 | 0.37 | 1.26 | 1.32 | 0.22 | 0.30 |
| Asset Turnover | — | 1.28 | 1.09 | 0.76 | 0.55 | 0.53 | 0.51 | 0.66 | 0.66 | 0.43 | 0.38 |
| Inventory Turnover | 1.88 | 1.88 | 1.62 | 0.98 | 1.22 | 1.21 | 1.28 | 2.90 | 3.89 | 4.05 | 3.80 |
| Days Sales Outstanding | — | 92.04 | 65.64 | 47.38 | 128.36 | 81.67 | 80.80 | 102.69 | 79.34 | 140.93 | 154.70 |
MIND Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
MIND Technology, Inc. does not currently pay a dividend and has no material buyback yield, reinvesting earnings back into the business. The earnings yield of 9.7% (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 | — | — | 2.9% | 5.2% | 3.3% | 1.5% | 1.5% | 0.9% | 0.5% | 0.2% | — |
| 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 | 9.7% | 6.9% | — | — | — | — | — | — | — | — | — |
| FCF Yield | 0.4% | 0.3% | — | — | — | — | — | — | — | 1.0% | 9.4% |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 2.3% | 0.0% | 0.0% |
| Total Shareholder Yield | 0.0% | 0.0% | 2.9% | 5.2% | 3.3% | 1.5% | 1.5% | 0.9% | 2.8% | 0.2% | 0.0% |
| Shares Outstanding | — | $8M | $5M | $6M | $6M | $5M | $5M | $5M | $5M | $5M | $5M |
Peer Comparison
Compare MIND 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 |
|---|---|---|---|---|---|---|---|---|---|
 MINDYou | $60M | 10.3 | 7.2 | 279.6 | 44.7% | 14.5% | 20.3% | 24.4% | 0.2 |
 GEOS | $119M | -12.2 | — | — | 29.7% | -10.2% | -7.5% | -7.4% | — |
 TGS | $2B | 13.5 | 3.6 | 11.3 | 53.6% | 43.3% | 18.3% | 19.3% | 1.5 |
 KNSL | $7B | 14.0 | 11.1 | 7.1 | 52.5% | 33.8% | 29.3% | 26.6% | 0.4 |
 TDY | $30B | 34.1 | 21.6 | 27.8 | 39.2% | 18.8% | 8.9% | 7.0% | 1.8 |
 HII | $13B | 20.8 | 16.0 | 15.8 | 12.7% | 4.9% | 12.4% | 6.2% | 3.4 |
 LDOS | $17B | 12.1 | 9.0 | 10.5 | 17.7% | 12.3% | 30.9% | 17.1% | 2.5 |
 OSIS | $4B | 27.6 | 17.4 | 70.6 | 34.3% | 12.7% | 16.5% | 11.5% | 2.6 |
 LMT | $119B | 23.9 | 16.1 | 17.2 | 10.2% | 10.3% | 76.9% | 23.9% | 2.6 |
 GD | $94B | 22.5 | 16.8 | 23.7 | 15.1% | 10.2% | 17.7% | 12.5% | 1.6 |
 NOC | $79B | 19.2 | 16.5 | 24.0 | 19.8% | 10.2% | 26.2% | 10.2% | 3.4 |
| Technology Median | — | 27.4 | 17.4 | 19.8 | 48.6% | -0.5% | 2.4% | 2.9% | 2.9 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 30 years · Updated daily
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Side-by-side business, growth, and profitability comparison vs Geospace Technologies Corporation.
Start ComparisonMIND — Frequently Asked Questions
Quick answers to the most common questions about buying MIND stock.
What is MIND Technology, Inc.'s P/E ratio?
MIND Technology, Inc.'s current P/E ratio is 10.3x. The historical average is 29.5x. This places it at the 7th percentile of its historical range.
What is MIND Technology, Inc.'s EV/EBITDA?
MIND Technology, Inc.'s current EV/EBITDA is 7.2x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 18.8x.
What is MIND Technology, Inc.'s ROE?
MIND Technology, Inc.'s return on equity (ROE) is 20.3%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is -6.1%.
Is MIND stock overvalued?
Based on historical data, MIND Technology, Inc. is trading at a P/E of 10.3x. This is at the 7th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What are MIND Technology, Inc.'s profit margins?
MIND Technology, Inc. has 44.7% gross margin and 14.5% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does MIND Technology, Inc. have?
MIND Technology, Inc.'s Debt/EBITDA ratio is 0.2x, indicating low leverage. A ratio below 2x is generally considered financially healthy.