Latest Ratios: P/E Ratio -0.0x · EV/EBITDA N/A · ROE -124.4%. (2016–2024 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $21M | $9M | $24M | $26M | $90M | $67M | $153M | $26M | $108M | — |
| Enterprise Value | $21M | $9M | $41M | $53M | $81M | $106M | $172M | $-78422598 | $-50299272 | — |
| P/E Ratio → | -0.02 | — | — | 1.13 | — | — | — | — | 15.22 | — |
| P/S Ratio | — | 0.03 | 0.06 | 0.04 | 1.73 | 0.61 | 0.84 | 0.16 | 0.77 | — |
| P/B Ratio | 0.06 | 0.32 | 0.19 | 0.19 | 1.14 | 0.86 | 1.31 | 0.22 | 1.03 | — |
| P/FCF | — | — | — | — | — | — | 312.26 | — | 8.22 | — |
| P/OCF | — | 11.62 | — | — | — | — | 11.79 | 30.99 | 4.32 | — |
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 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.03 | 0.10 | 0.09 | 1.56 | 0.97 | 0.94 | -0.50 | -0.36 | — |
| EV / EBITDA | — | — | — | 4.57 | 3.36 | — | 14.19 | -15.58 | -3.26 | — |
| EV / EBIT | — | — | — | 4.47 | — | — | 85.25 | -75.62 | -4.75 | — |
| EV / FCF | — | — | — | — | — | — | 350.56 | — | -3.82 | — |
Margins and return-on-capital ratios measuring operating efficiency
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 |
|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 24.8% | 24.8% | 24.9% | 24.5% | 267.4% | -6.5% | 14.7% | 16.4% | 21.0% | 15.6% |
| Operating Margin | -14.2% | -14.2% | -10.6% | 1.2% | 21.3% | -29.9% | 0.3% | -1.9% | 6.6% | 7.0% |
| Net Profit Margin | -35.8% | -35.8% | -9.1% | 3.9% | -2.1% | -34.0% | -1.3% | -1.1% | 5.1% | 6.0% |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -124.4% | -124.4% | -28.8% | 20.9% | -1.4% | -38.4% | -2.1% | -1.6% | 13.0% | 164.2% |
| ROA | -29.1% | -29.1% | -9.8% | 6.9% | -0.4% | -11.7% | -0.8% | -0.8% | 4.3% | 6.2% |
| ROIC | -33.4% | -33.4% | -21.4% | 4.5% | 8.9% | -19.4% | 0.6% | -20.9% | — | — |
| ROCE | -21.8% | -21.8% | -22.6% | 4.3% | 6.6% | -17.1% | 0.3% | -2.3% | 11.9% | 31.3% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 2.64 | 2.64 | 0.87 | 0.41 | 0.31 | 1.20 | 0.75 | — | — | — |
| Debt / EBITDA | — | — | — | 4.88 | 1.01 | — | 7.23 | — | — | — |
| Net Debt / Equity | — | -0.01 | 0.14 | 0.20 | -0.11 | 0.51 | 0.16 | -0.91 | -1.51 | -11.68 |
| Net Debt / EBITDA | — | — | — | 2.33 | -0.37 | — | 1.55 | -20.68 | -10.28 | -3.74 |
| Debt / FCF | — | — | — | — | — | — | 38.31 | — | -12.04 | -1.95 |
| Interest Coverage | -3.67 | -3.67 | -9.39 | 3.81 | 63.97 | — | — | — | — | — |
Net cash position: cash ($75M) exceeds total debt ($75M)
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.13 | 1.13 | 1.27 | 1.10 | 0.67 | 0.55 | 0.73 | 1.12 | 1.78 | 0.80 |
| Quick Ratio | 0.91 | 0.91 | 0.97 | 0.56 | 0.62 | 0.50 | 0.67 | 1.07 | 1.74 | 0.75 |
| Cash Ratio | 0.58 | 0.58 | 0.51 | 0.14 | 0.27 | 0.42 | 0.55 | 0.96 | 1.64 | 0.58 |
| Asset Turnover | — | 1.06 | 1.02 | 1.59 | 0.18 | 0.36 | 0.54 | 0.64 | 0.61 | 1.04 |
| Inventory Turnover | 7.02 | 7.02 | 5.85 | 3.96 | 50.44 | 20.25 | 20.90 | 23.05 | 27.56 | 25.95 |
| Days Sales Outstanding | — | 50.03 | 56.37 | 46.77 | 9.00 | 6.49 | 15.96 | 6.61 | 6.56 | 18.44 |
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 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | 88.2% | — | — | — | — | 6.6% | — |
| FCF Yield | — | — | — | — | — | — | 0.3% | — | 12.2% | — |
| Buyback Yield | — | 3.7% | 0.0% | 0.0% | 0.0% | 0.0% | 7.8% | 5.4% | 0.0% | — |
| Total Shareholder Yield | — | 3.7% | 0.0% | 0.0% | 0.0% | 0.0% | 7.8% | 5.4% | 0.0% | — |
| Shares Outstanding | — | $5M | $4M | $5M | $5M | $3M | $3M | $292138 | $265666 | $231638 |
Geopolitical and Funding Cliff
As reported in recent financial filings, the company's P/B ratio of 0.06 suggests that the market is pricing the entity as a distressed asset rather than a growth-oriented technology firm, reflecting deep skepticism regarding the long-term viability of its post-pivot hardware-centric business model.
The extremely low P/B multiple indicates that investors are assigning minimal value to the company's tangible and intangible assets, likely due to the uncertainty surrounding the Promethean merger and the loss of its legacy preschool revenue stream. This valuation suggests that the market expects further impairment of assets or continued operational losses, rather than a successful turnaround in the global education technology market.
Based on the company's reported figures, the 24.77% gross margin highlights the inherent limitations of a hardware-heavy business model that lacks the high-margin software subscription revenue necessary to offset the volatility of global LCD panel pricing and the costs associated with international distribution and assembly.
The negative operating margin of -14.23% confirms that the current revenue scale is insufficient to cover the fixed overhead of the global sales force and R&D requirements. This suggests that without a significant shift toward high-margin software services, the company will likely continue to struggle with profitability, as competitive pricing in the hardware space prevents meaningful margin expansion.
According to comparative market data, Mynd.ai's valuation multiples, such as its P/B of 0.06, significantly lag behind peers like SoundHound AI, suggesting that the market applies a substantial discount due to the company's Beijing-based corporate structure and its reliance on volatile public education procurement cycles.
While peers in the AI and education technology space often command higher premiums based on growth expectations, Mynd.ai is treated as a legacy hardware distributor with significant geopolitical risk. This structural gap appears to be driven by the market's perception that the company's pivot is a survival mechanism rather than a strategic expansion into higher-growth, higher-margin software markets.
As indicated by the company's recent filings, the P/E ratio is a fundamentally misapplied metric for this business model, as the company's negative earnings and the massive structural shift from preschool services to hardware render traditional earnings-based valuation multiples entirely meaningless for assessing future performance.
Investors should instead focus on the 'Software Attachment Rate' and 'Hardware Replacement Cycle' metrics, which better capture the underlying health of the Promethean installed base. Relying on P/E or PEG ratios in this context obscures the reality of the company's cash burn and the potential for further dilution as it attempts to stabilize its operations in a post-stimulus funding environment.
Includes 30+ ratios · 9 years · Updated daily
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Quick answers to the most common questions about buying MYND stock.
Mynd.ai, Inc.'s current P/E ratio is -0.0x. The historical average is 8.2x.
Mynd.ai, Inc.'s return on equity (ROE) is -124.4%. The historical average is 0.2%.
Based on historical data, Mynd.ai, Inc. is trading at a P/E of -0.0x. Compare with industry peers and growth rates for a complete picture.
Mynd.ai, Inc. has 24.8% gross margin and -14.2% operating margin.