Latest Ratios: P/E Ratio -0.5x · EV/EBITDA N/A · ROE -213.2%. (1997–2025 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 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $14M | $46M | $53M | $44M | $40M | $264M | $17M | $7M | $14M | $22M | $15M |
| Enterprise Value | $7M | $39M | $44M | $41M | $37M | $257M | $103M | $117M | $143M | $159M | $138M |
| P/E Ratio → | -0.46 | — | — | — | — | 17.82 | — | — | — | 2.99 | 11.81 |
| P/S Ratio | 0.54 | 1.78 | 1.46 | 923.97 | 90.19 | 41.90 | 1.04 | 0.16 | 0.45 | 0.64 | 0.56 |
| P/B Ratio | 0.87 | 2.57 | 3.74 | 4.25 | 5.81 | 22.32 | 0.24 | 0.30 | 0.08 | 0.12 | 0.09 |
| P/FCF | — | — | 12.82 | — | — | — | 4.18 | 0.85 | — | — | — |
| P/OCF | — | — | 12.82 | — | — | — | 4.18 | 0.85 | 0.77 | 1.52 | 1.31 |
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 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.50 | 1.21 | 858.49 | 83.34 | 40.82 | 6.44 | 2.69 | 4.70 | 4.58 | 5.21 |
| EV / EBITDA | — | — | — | — | — | — | 1.50 | 1.28 | 3.12 | 3.67 | 4.07 |
| EV / EBIT | — | — | — | — | — | — | — | 4.88 | 15.33 | 13.96 | 19.21 |
| EV / FCF | — | — | 10.66 | — | — | — | 25.95 | 14.27 | — | — | — |
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 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 55.1% | 55.1% | 58.1% | -488.1% | -74.5% | 77.8% | 54.3% | 98.0% | 97.9% | 91.6% | 87.6% |
| Operating Margin | -110.8% | -110.8% | -32.1% | -7312.1% | -1125.6% | -101.6% | 386.7% | 132.5% | 51.5% | 35.1% | 32.2% |
| Net Profit Margin | -131.4% | -131.4% | -24.6% | -8502.9% | -1887.2% | 237.5% | -263.6% | -38.5% | -26.5% | 21.3% | 4.6% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -213.2% | -213.2% | -72.5% | -46.8% | -90.2% | 37.4% | -92.4% | -17.2% | -4.6% | 4.2% | 1.2% |
| ROA | -163.7% | -163.7% | -54.2% | -31.4% | -61.6% | 27.6% | -34.8% | -9.1% | -3.6% | 3.3% | 0.6% |
| ROIC | -271.0% | -271.0% | -83.2% | -26.7% | -84.5% | -6.0% | 32.3% | 19.8% | 3.8% | 3.0% | 2.9% |
| ROCE | -179.8% | -179.8% | -94.8% | -40.3% | -53.8% | -12.4% | 52.5% | 48.8% | 16.6% | 11.8% | 9.7% |
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 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | — | — | — | 0.81 | 0.60 | 0.05 | 1.30 | 4.81 | 0.77 | 0.79 | 0.76 |
| Debt / EBITDA | — | — | — | — | — | — | 1.29 | 1.23 | 2.85 | 3.36 | 3.69 |
| Net Debt / Equity | — | -0.40 | -0.63 | -0.30 | -0.44 | -0.57 | 1.27 | 4.71 | 0.76 | 0.74 | 0.74 |
| Net Debt / EBITDA | — | — | — | — | — | — | 1.25 | 1.20 | 2.82 | 3.16 | 3.63 |
| Debt / FCF | — | — | -2.15 | — | — | — | 21.77 | 13.42 | — | — | — |
| Interest Coverage | — | — | — | — | -76.89 | -2.57 | -1.72 | 2.11 | 0.98 | 1.47 | 1.35 |
Net cash position: cash ($7M) exceeds total debt ($0)
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 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 3.83 | 3.83 | 2.78 | 3.93 | 2.25 | 2.95 | 19.29 | 8.71 | 0.24 | 0.30 | 0.23 |
| Quick Ratio | 3.83 | 3.83 | 2.78 | 3.93 | 2.25 | 2.95 | 2.28 | -0.05 | -0.00 | 0.30 | 0.22 |
| Cash Ratio | 1.68 | 1.68 | 1.66 | 1.15 | 1.30 | 2.35 | 1.00 | 0.52 | 0.01 | 0.06 | 0.02 |
| Asset Turnover | — | 1.16 | 1.86 | 0.00 | 0.04 | 0.42 | 0.17 | 0.29 | 0.14 | 0.15 | 0.12 |
| Inventory Turnover | — | — | — | — | — | — | 0.18 | 0.02 | 0.02 | — | 14.32 |
| Days Sales Outstanding | — | 17.98 | 13.00 | — | 891.43 | 71.63 | 63.86 | 83.89 | 229.86 | 280.16 | 287.47 |
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 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | 0.4% | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | 6.7% | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | 5.6% | — | — | — | 33.4% | 8.5% |
| FCF Yield | — | — | 7.8% | — | — | — | 23.9% | 117.4% | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 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% | 0.4% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Shares Outstanding | — | $51M | $38M | $31M | $23M | $22M | $8M | $8M | $7M | $7M | $8M |
Unsustainable cash burn rate
According to recent financial statements, MPU's operating margin of -110.82% highlights a profound inability to convert gross profits into bottom-line earnings, as the company's high fixed costs for blockchain development continue to overwhelm the revenue generated from its staking and legacy advisory operations.
While the gross margin of 55.14% appears superficially healthy, it is insufficient to cover the massive administrative and R&D overhead required for the company's pivot. This suggests that the current business model is structurally unprofitable and requires a non-linear increase in user scale to achieve any semblance of operational viability.
Based on reported figures, MPU's ROIC has consistently languished in negative territory, reaching -129.9% in 2025Q4, which indicates that the company is actively destroying shareholder value rather than compounding capital through its transition into GameFi and Ethereum staking ventures.
The persistent decay in returns on invested capital suggests that the capital allocated to the new metaverse platform is not generating adequate returns relative to the cost of maintaining the corporate entity. Investors should monitor whether management can pivot toward a more capital-efficient model or if the current trajectory will continue to erode the remaining asset base.
As reported in recent filings, MPU's asset turnover ratio has declined to 0.27 in 2025Q4, reflecting a significant reduction in the company's ability to generate revenue from its existing asset base following the strategic shift away from its legacy aircraft leasing business.
The erratic nature of the company's working capital metrics suggests that the transition between business models has created significant friction in operational efficiency. The lack of a stable cash conversion cycle further complicates the assessment of whether the company can effectively manage its liquidity needs during this high-burn phase.
Based on the latest quarterly data, MPU's current ratio of 3.83 provides a temporary liquidity cushion, yet this figure masks the underlying reality that the company's cash reserves are being depleted at an unsustainable rate to fund ongoing operating losses.
While the current ratio appears adequate on the surface, the lack of consistent cash-generative operations means that the company is highly dependent on its existing $7.29 million cash balance. This leaves the firm vulnerable to liquidity stress if the blockchain segment fails to reach profitability before the current runway is exhausted.
Market participants frequently misapply traditional industrial valuation metrics like EV/EBITDA to MPU, which obscures the reality that the company is now a speculative blockchain R&D entity with a risk profile fundamentally disconnected from its legacy sector classification.
Using industrial-sector valuation benchmarks is inappropriate because MPU's revenue is now driven by volatile digital asset staking and unproven GameFi engagement rather than tangible industrial assets. Analysts should instead focus on cash burn rates and user acquisition costs to better understand the company's true economic value.
Includes 30+ ratios · 29 years · Updated daily
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Quick answers to the most common questions about buying MPU stock.
Mega Matrix Corp.'s current P/E ratio is -0.5x. The historical average is 9.2x.
Mega Matrix Corp.'s return on equity (ROE) is -213.2%. The historical average is -14.1%.
Based on historical data, Mega Matrix Corp. is trading at a P/E of -0.5x. Compare with industry peers and growth rates for a complete picture.
Mega Matrix Corp. has 55.1% gross margin and -110.8% operating margin.