Latest Ratios: P/E Ratio N/A · EV/EBITDA N/A · ROE -22.2%. (1997–2026 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 | $8M | — | $9M | $11M | $11M | $16M | $27M | $15M | $29M | $37M | $37M |
| Enterprise Value | $-1217892 | — | $9M | $-8446394 | $-13692447 | $-9008393 | $22M | $9M | $21M | $12M | $9M |
| P/E Ratio → | — | — | — | 14.56 | — | — | — | — | — | — | — |
| P/S Ratio | 1.21 | — | 0.87 | 1.23 | 1.58 | 1.97 | 3.62 | 2.34 | 3.17 | 2.46 | 1.74 |
| P/B Ratio | 0.45 | 0.46 | 0.44 | 0.43 | 0.45 | 0.60 | 0.88 | 0.43 | 0.74 | 0.84 | 0.65 |
| P/FCF | — | — | — | — | — | — | — | — | — | — | 19.78 |
| P/OCF | — | — | — | — | — | — | — | — | — | — | 19.73 |
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 | — | — | 0.81 | -0.93 | -1.91 | -1.10 | 2.97 | 1.42 | 2.29 | 0.79 | 0.44 |
| EV / EBITDA | — | — | — | — | — | — | — | — | — | — | — |
| EV / EBIT | — | — | — | -9.81 | — | — | — | — | — | — | — |
| EV / FCF | — | — | — | — | — | — | — | — | — | — | 5.05 |
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 | — | — | 8.4% | 17.2% | 29.3% | 24.0% | 22.8% | -7.3% | 2.5% | 7.3% | 23.4% |
| Operating Margin | — | — | -52.1% | -37.5% | -29.2% | -41.9% | -56.5% | -73.5% | -40.6% | -25.8% | -1.5% |
| Net Profit Margin | -68.1% | -68.1% | -43.9% | 8.4% | -18.9% | -44.2% | -53.4% | -68.4% | -27.1% | -45.6% | -1.1% |
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -22.2% | -22.2% | -19.8% | 3.0% | -5.2% | -12.7% | -12.3% | -11.8% | -5.9% | -13.6% | -0.4% |
| ROA | -20.4% | -20.4% | -18.0% | 2.5% | -4.4% | -11.3% | -11.1% | -10.8% | -5.4% | -13.0% | -0.4% |
| ROIC | — | — | -30.7% | -72.6% | -153.3% | -18.9% | -11.6% | -11.7% | -11.1% | -12.1% | -0.9% |
| ROCE | — | — | -23.0% | -12.6% | -7.6% | -11.3% | -12.2% | -11.9% | -8.3% | -7.5% | -0.6% |
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 | 0.02 | 0.01 | 0.01 | 0.02 | 0.01 | 0.01 | — | — | — |
| Debt / EBITDA | — | — | — | — | — | — | — | — | — | — | — |
| Net Debt / Equity | — | -0.52 | -0.03 | -0.75 | -0.98 | -0.94 | -0.16 | -0.17 | -0.20 | -0.57 | -0.48 |
| Net Debt / EBITDA | — | — | — | — | — | — | — | — | — | — | — |
| Debt / FCF | — | — | — | — | — | — | — | — | — | — | -14.74 |
| Interest Coverage | — | — | -524.33 | 172.20 | -135.00 | -328.64 | -567.00 | — | — | -846.50 | -31.50 |
Net cash position: cash ($9M) exceeds total debt ($325000)
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 | 14.16 | 14.16 | 13.33 | 14.49 | 6.69 | 21.46 | 21.87 | 30.90 | 42.97 | 42.67 | 61.82 |
| Quick Ratio | 10.94 | 10.94 | 10.46 | 10.97 | 5.87 | 19.93 | 20.59 | 29.31 | 39.31 | 39.80 | 60.91 |
| Cash Ratio | 9.63 | 9.63 | 9.39 | 10.08 | 5.44 | 18.60 | 19.72 | 28.43 | 37.80 | 37.26 | 57.06 |
| Asset Turnover | — | 0.34 | 0.46 | 0.31 | 0.23 | 0.27 | 0.22 | 0.17 | 0.21 | 0.31 | 0.37 |
| Inventory Turnover | — | — | 2.01 | 1.08 | 1.33 | 2.95 | 2.93 | 3.52 | 2.49 | 4.40 | 19.42 |
| Days Sales Outstanding | — | 74.79 | 52.15 | 55.53 | 71.71 | 57.56 | 33.88 | 28.07 | 24.54 | 47.31 | 22.45 |
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 | — | — | — | 6.9% | — | — | — | — | — | — | — |
| FCF Yield | — | — | — | — | — | — | — | — | — | — | 5.1% |
| Buyback Yield | 0.0% | — | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 9.2% | 17.0% | 0.2% |
| Total Shareholder Yield | 0.0% | — | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 9.2% | 17.0% | 0.2% |
| Shares Outstanding | — | $0 | $21M | $21M | $21M | $21M | $21M | $21M | $22M | $25M | $27M |
Insufficient scale for overhead
As reported in financial statements, MSN's gross margin has deteriorated significantly, falling from a peak of 18.2% in 2024Q3 to a mere 10.9% in 2026Q3, which highlights the company's inability to pass through rising procurement costs to price-sensitive consumers in the value electronics segment.
The persistent negative operating margins, which reached -43.7% in 2026Q3, suggest that the current revenue scale is fundamentally insufficient to cover fixed SG&A expenses. Investors should monitor whether the company can achieve any meaningful cost rationalization, as current profitability levels appear unsustainable for a going concern.
Based on reported figures, MSN's ROIC has remained consistently negative over the last ten quarters, bottoming out at -13.4% in 2024Q2, which indicates that the company is failing to generate any economic value from its invested capital base in the competitive consumer electronics market.
The inability to achieve positive returns on capital suggests that the business model is currently destroying shareholder value rather than compounding it. This trend warrants further investigation into whether the company's capital allocation strategy is effectively trapped by the necessity of funding ongoing operational losses.
According to recent SEC filings, MSN's cash conversion cycle has remained highly volatile, peaking at 381 days in 2026Q2, which reveals significant challenges in managing inventory turnover and collecting receivables within the company's import-heavy, low-margin consumer electronics distribution model compared to industry peers.
The extended days inventory outstanding, which reached 257 days in 2026Q3, suggests that the company is holding obsolete or slow-moving stock that ties up critical liquidity. This inefficiency appears to be a structural drag on the balance sheet, limiting the company's ability to pivot toward more profitable product categories.
As indicated by the most recent quarterly data, MSN maintains a high current ratio of 14.75, yet this figure is misleading as it is driven by stagnant inventory and cash rather than operational strength, leaving the company vulnerable to rapid depletion if current cash burn persists.
While the quick ratio of 11.42 suggests a strong short-term position, the lack of meaningful revenue growth implies that this liquidity is being slowly eroded by persistent operating losses. Investors should monitor the cash runway closely, as the company lacks the debt capacity to easily bridge prolonged periods of negative cash flow.
Based on an analysis of valuation metrics, the most commonly misapplied ratio for MSN is the Price-to-Book ratio, which currently sits at 0.45, as it obscures the reality that the company's assets are largely non-productive and failing to generate any meaningful return on equity.
Investors often mistake a low P/B ratio for a value opportunity, but in this context, it likely reflects the market's skepticism regarding the company's ability to monetize its remaining assets. A more appropriate focus would be on the liquidation value of the brand portfolio and cash reserves, rather than traditional valuation multiples.
Includes 30+ ratios · 30 years · Updated daily
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Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying MSN stock.
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