Latest Ratios: P/E Ratio -42.3x · EV/EBITDA N/A · ROE -942.3%. (2018–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $29M | $699M | $3.3B | $5.4B | $6.4B | $18.7B | — | — | — |
| Enterprise Value | $31M | $701M | $3.2B | $5.4B | $6.4B | $18.7B | — | — | — |
| P/E Ratio → | -42.30 | — | — | — | — | — | — | — | — |
| P/S Ratio | 66.10 | 1613.48 | 3210.86 | — | — | — | — | — | — |
| P/B Ratio | — | — | 442.23 | 1569.76 | 813.65 | 570.73 | — | — | — |
| P/FCF | — | — | — | — | — | — | — | — | — |
| P/OCF | — | — | — | — | — | — | — | — | — |
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 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1618.28 | 3203.24 | — | — | — | — | — | — |
| EV / EBITDA | — | — | — | — | — | — | — | — | — |
| EV / EBIT | — | — | — | — | — | — | — | — | — |
| EV / FCF | — | — | — | — | — | — | — | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | -424.9% | -424.9% | -196.8% | — | — | — | — | — | — |
| Operating Margin | -3580.4% | -3580.4% | -2391.1% | — | — | — | — | — | — |
| Net Profit Margin | -4222.9% | -4222.9% | -2342.3% | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| ROE | -942.3% | -942.3% | -439.2% | -515.4% | -148.6% | -183.1% | — | -240.8% | -115.7% |
| ROA | -216.1% | -216.1% | -228.8% | -258.4% | -122.0% | -104.2% | -234.5% | -203.6% | -102.4% |
| ROIC | — | — | — | — | -361.6% | -228.9% | — | — | — |
| ROCE | -664.2% | -664.2% | -425.1% | -503.8% | -147.5% | -101.6% | -223.2% | -241.0% | -115.2% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | — | — | 0.03 | 0.06 | 0.05 | — | — | — | — |
| Debt / EBITDA | — | — | — | — | — | — | — | — | — |
| Net Debt / Equity | — | — | -1.05 | -1.71 | -1.31 | -0.54 | — | -1.07 | -1.05 |
| Net Debt / EBITDA | — | — | — | — | — | — | — | — | — |
| Debt / FCF | — | — | — | — | — | — | — | — | — |
| Interest Coverage | -5.17 | -5.17 | — | — | -228.04 | -23.66 | -11.98 | — | — |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.57 | 0.57 | 3.02 | 1.44 | 2.34 | 10.89 | 5.95 | 5.26 | 8.58 |
| Quick Ratio | 0.37 | 0.37 | 2.42 | 1.26 | 2.34 | 10.95 | 5.95 | 5.26 | 8.58 |
| Cash Ratio | 0.32 | 0.32 | 2.29 | 1.04 | 2.16 | 10.44 | 4.92 | 5.00 | 8.58 |
| Asset Turnover | — | 0.08 | 0.09 | — | — | — | — | — | — |
| Inventory Turnover | 1.29 | 1.29 | 1.47 | 0.14 | — | — | — | — | — |
| Days Sales Outstanding | — | 90.20 | 18.74 | — | — | — | — | — | — |
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 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | — | — | — | — |
| FCF Yield | — | — | — | — | — | — | — | — | — |
| 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 | — | $84M | $60M | $46M | $33M | $33M | $32M | $32M | $32M |
Includes 30+ ratios · 8 years · Updated daily
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High-probability breakout stocks crossing their pivot across 5 pattern engines.
DCF models, multiple analysis, and analyst estimates.
10-year return with dividends reinvested.
Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying MOVE stock.
Corvex, Inc.'s current P/E ratio is -42.3x. This places it at the 50th percentile of its historical range.
Corvex, Inc.'s return on equity (ROE) is -942.3%. The historical average is -225.5%.
Based on historical data, Corvex, Inc. is trading at a P/E of -42.3x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Corvex, Inc. has -424.9% gross margin and -3580.4% operating margin.
Key Metrics
Top Statement Risk
Imminent liquidity crisis from cash burn.
Metrics are mathematically derived from official filings.
Valuation Reflects Speculative Call Option
Based on a current P/S ratio of 53.77 against TTM revenue of just $433,000, the market appears to be pricing Movano not on its present financials, but as a high-risk call option on its proprietary RF sensor technology and future regulatory approvals.
The valuation is detached from fundamental earnings or cash flow metrics, as evidenced by the negative P/E and lack of P/FCF ratio. The 53.77x P/S multiple is a speculative premium for a company with a -3580.37% operating margin, indicating the stock is trading on the potential of its unproven medical device pipeline rather than current commercial viability. This high multiple suggests significant dilution risk if the company needs to raise capital, which appears likely given the burning cash flow.
Negative Margins Signal Unsustainable Economics
Movano's gross margin of -424.94% in Q2 2026, as reported in the financial statements, indicates that the cost to produce and sell each unit far exceeds its selling price, pointing to a fundamental unit economics problem that must be solved for long-term survival.
The severe negative gross margin, which has improved from -161.6% in Q1 but remains deeply unprofitable, suggests the company is incurring massive costs—likely related to low-volume manufacturing, engineering, and returns—without the revenue scale to absorb them. This is compounded by an operating margin that has recently improved to -4.0% but remains deeply negative when viewed over a longer horizon, indicating that selling, general, and administrative expenses are still overwhelming the revenue base. The profitability profile is typical of a pre-scale hardware company but leaves no margin for operational error.
Minimal Debt Masks Capital Structure Risk
While the Debt-to-Equity ratio is a low 0.03, this metric is severely misleading as it ignores the $519.3M in goodwill that dominates the balance sheet, making the company's true leverage and solvency risk far higher than the headline figure suggests.
The low D/E ratio and absence of meaningful debt service (interest coverage of -91.66) point to a de-leveraged capital structure. However, this is a financial illusion created by the acquisition that booked massive goodwill. The real leverage risk is not traditional debt, but the overhang of $519.3M in intangible assets that could be impaired, which would instantly render liabilities greater than tangible assets. The company's primary financial risk is not interest payments, but its inability to generate positive cash flow to sustain operations without further dilutive equity raises.
Liquidity Buffer Erodes Against Cash Burn
Despite a current ratio of 1.80, which suggests adequate short-term liquidity, the company's negative free cash flow margin of -145.1% and declining cash reserves indicate that the available liquidity is being consumed rapidly, with the $21.7M in cash offering only a limited runway.
The current ratio has compressed significantly from 5.76 a year ago, reflecting the shift to a more asset-heavy structure and the expenditure of cash. The quick ratio matches the current ratio at 1.80, indicating minimal inventory dependence, which is positive. However, the sustainability of this position is the critical question. With FCF burning at over $5M per quarter and no path to profitability visible in the margins, the company's liquidity is on a clear deteriorating trajectory, making a future capital raise appear increasingly probable.
Asset Turnover Ratio Misapplied to Pivot
The asset turnover ratio, currently at 0.01, is the most commonly misapplied metric for Movano as it fails to account for the recent AI infrastructure acquisition, which transformed the company from a lean hardware firm to an asset-heavy entity without yet generating proportional revenue.
For a traditional hardware company, low asset turnover would signal poor efficiency. Here, it is distorted because the asset base has been artificially inflated by $519.3M in goodwill from the recent acquisition, while the new AI infrastructure business has only contributed $3.8M in recognized revenue in its first full quarter. Analysts should instead focus on metrics like the implied revenue per dollar of the $22M in contracted ARR or the efficiency of capital deployment into new compute hardware, rather than this backward-looking and now irrelevant efficiency measure.