NCS Multistage Holdings, Inc. (NCSM) Financial Ratios
11 years of historical data (2015–2025) · Energy · Oil & Gas Equipment & Services
EV/EBITDA
↓
5.99
↓-53% vs avg
5yr avg: 12.80
30Y Low4.8·High27.8
P/FCF
↓
6.19
↓-29% vs avg
5yr avg: 8.65
30Y Low1.6·High60.1
P/B Ratio
↑
0.95
↑+62% vs avg
5yr avg: 0.58
30Y Low0.4·High1.7
ROE
↑
18.3%
↓+470% vs avg
5yr avg: 3.2%
30Y Low-70%·High18%
Debt/EBITDA
↓
0.73
↓-74% vs avg
5yr avg: 2.83
30Y Low0.7·High19.5
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
NCSM Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
NCS Multistage Holdings, Inc. trades at 5.7x earnings, 22% below its 5-year average of 7.4x, sitting at the 50th percentile of its historical range. Compared to the Energy sector median P/E of 15.4x, the stock trades at a discount of 63%. On a free-cash-flow basis, the stock trades at 6.2x P/FCF, 29% below the 5-year average of 8.7x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $130M | $108M | $67M | $44M | $61M | $69M | $53M | $98M | $228M | $642M | — |
| Enterprise Value | $106M | $85M | $56M | $41M | $57M | $60M | $49M | $105M | $229M | $636M | — |
| P/E Ratio → | 5.72 | 4.57 | 10.18 | — | — | — | — | — | — | 294.80 | — |
| P/S Ratio | 0.70 | 0.59 | 0.41 | 0.31 | 0.39 | 0.59 | 0.50 | 0.48 | 1.00 | 3.19 | — |
| P/B Ratio | 0.95 | 0.76 | 0.58 | 0.40 | 0.56 | 0.63 | 0.47 | 0.60 | 1.29 | 1.74 | — |
| P/FCF | 6.19 | 5.17 | 5.89 | 17.10 | — | 6.46 | 1.61 | 8.46 | — | 60.07 | — |
| P/OCF | 5.85 | 4.89 | 5.28 | 9.25 | — | 6.00 | 1.52 | 5.46 | 16.25 | 39.87 | — |
P/E links to full P/E history page with 30-year chart
NCSM EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
NCS Multistage Holdings, Inc.'s enterprise value stands at 6.0x EBITDA, 53% below its 5-year average of 12.8x. The Energy sector median is 7.8x, placing the stock at a 24% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.46 | 0.34 | 0.29 | 0.37 | 0.51 | 0.46 | 0.51 | 1.01 | 3.15 | — |
| EV / EBITDA | 5.99 | 4.79 | 5.81 | — | 27.81 | — | — | 111.28 | — | 19.49 | — |
| EV / EBIT | 8.98 | 7.18 | 6.46 | — | 138.76 | — | — | — | — | 55.35 | — |
| EV / FCF | — | 4.04 | 4.90 | 15.85 | — | 5.62 | 1.49 | 9.09 | — | 59.44 | — |
NCSM Profitability
Margins and return-on-capital ratios measuring operating efficiency
NCS Multistage Holdings, Inc. earns an operating margin of 6.4%, below the Energy sector average of 13.8%. Operating margins have expanded from -3.9% to 6.4% over the past 3 years, signaling improving operational efficiency. ROE of 18.3% indicates solid capital efficiency, compared to the sector median of 7.2%. ROIC of 7.9% represents adequate returns on invested capital versus a sector median of 6.2%.
Margins
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 | 38.2% | 38.2% | 38.2% | 35.8% | 36.0% | 37.1% | 35.7% | 42.3% | 44.4% | 37.3% | 19.4% |
| Operating Margin | 6.4% | 6.4% | 2.7% | -3.9% | -1.4% | -4.3% | -66.8% | -4.6% | -91.1% | 2.5% | -18.3% |
| Net Profit Margin | 12.9% | 12.9% | 4.1% | -2.2% | -0.7% | -4.0% | -53.8% | -16.0% | -83.9% | 1.0% | -18.2% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 18.3% | 18.3% | 5.8% | -2.9% | -1.0% | -4.2% | -41.6% | -19.3% | -69.8% | 0.8% | -9.8% |
| ROA | 14.2% | 14.2% | 4.3% | -2.2% | -0.8% | -3.4% | -33.8% | -15.2% | -54.9% | 0.5% | -5.4% |
| ROIC | 7.9% | 7.9% | 3.1% | -3.9% | -1.6% | -3.6% | -38.2% | -4.1% | -57.5% | 1.2% | -5.3% |
| ROCE | 8.4% | 8.4% | 3.5% | -4.6% | -1.9% | -4.2% | -46.6% | -4.9% | -64.9% | 1.3% | -5.7% |
NCSM Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
NCS Multistage Holdings, Inc. carries a Debt/EBITDA ratio of 0.7x, which is very conservative (72% below the sector average of 2.6x). The company holds a net cash position — cash of $37M exceeds total debt of $13M, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns. Interest coverage of 47.0x signals virtually no risk of debt distress — earnings comfortably cover interest obligations.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.09 | 0.09 | 0.13 | 0.12 | 0.12 | 0.12 | 0.10 | 0.11 | 0.15 | 0.07 | 0.50 |
| Debt / EBITDA | 0.73 | 0.73 | 1.52 | — | 6.23 | — | — | 19.53 | — | 0.83 | 11.76 |
| Net Debt / Equity | — | -0.17 | -0.10 | -0.03 | -0.03 | -0.08 | -0.03 | 0.04 | 0.00 | -0.02 | 0.40 |
| Net Debt / EBITDA | -1.34 | -1.34 | -1.17 | — | -1.62 | — | — | 7.63 | — | -0.21 | 9.35 |
| Debt / FCF | — | -1.13 | -0.99 | -1.24 | — | -0.84 | -0.12 | 0.62 | — | -0.63 | 7.44 |
| Interest Coverage | 47.01 | 47.01 | 20.94 | -4.70 | 0.41 | -3.80 | -25.11 | -5.27 | -105.10 | 2.67 | -3.25 |
Net cash position: cash ($37M) exceeds total debt ($13M)
NCSM Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
NCS Multistage Holdings, Inc.'s current ratio of 4.27x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The quick ratio of 2.91x 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 3.22x to 4.27x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 4.27 | 4.27 | 4.15 | 3.22 | 4.95 | 4.47 | 5.62 | 5.09 | 4.47 | 3.74 | 4.28 |
| Quick Ratio | 2.91 | 2.91 | 2.54 | 1.92 | 2.86 | 2.75 | 3.28 | 3.07 | 3.19 | 2.69 | 3.31 |
| Cash Ratio | 1.29 | 1.29 | 1.02 | 0.52 | 0.92 | 1.12 | 1.04 | 0.57 | 0.98 | 1.07 | 1.04 |
| Asset Turnover | — | 1.02 | 1.06 | 0.94 | 1.12 | 0.83 | 0.77 | 1.01 | 0.99 | 0.43 | 0.30 |
| Inventory Turnover | 2.92 | 2.92 | 2.45 | 2.20 | 2.69 | 2.20 | 1.97 | 2.97 | 3.85 | 3.82 | 4.67 |
| Days Sales Outstanding | — | 87.24 | 82.31 | 110.22 | 74.05 | 89.69 | 103.32 | 83.46 | 87.92 | 89.15 | 130.35 |
NCSM Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
NCS Multistage Holdings, Inc. returns 0.3% to shareholders annually primarily through share buybacks. The earnings yield of 17.5% (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 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 17.5% | 21.9% | 9.8% | — | — | — | — | — | — | 0.3% | — |
| FCF Yield | 16.2% | 19.3% | 17.0% | 5.8% | — | 15.5% | 61.9% | 11.8% | — | 1.7% | — |
| Buyback Yield | 0.3% | 0.3% | 0.4% | 0.7% | 0.6% | 0.3% | 0.3% | 0.3% | 0.1% | 0.0% | — |
| Total Shareholder Yield | 0.3% | 0.3% | 0.4% | 0.7% | 0.6% | 0.3% | 0.3% | 0.3% | 0.1% | 0.0% | — |
| Shares Outstanding | — | $3M | $3M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M |
Peer Comparison
Compare NCSM 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 |
|---|---|---|---|---|---|---|---|---|---|
 NCSMYou | $130M | 5.7 | 6.0 | 6.2 | 38.2% | 6.4% | 18.3% | 7.9% | 0.7 |
 NINE | $487M | -9.0 | 17.0 | — | 10.7% | 0.1% | — | 0.1% | 7.7 |
 PUMP | $2B | 1891.0 | 10.2 | 42.6 | 9.9% | 1.5% | 0.1% | 1.4% | 1.3 |
 WTTR | $2B | 88.5 | 11.2 | — | 14.0% | 2.5% | 2.3% | 2.3% | 1.8 |
 ACDC | $1B | -2.6 | 7.8 | 56.0 | 3.7% | -6.9% | -37.7% | -4.6% | 4.0 |
 KLXE | $46M | -0.6 | 5.5 | — | 6.3% | -4.8% | — | -9.4% | 4.9 |
 BKR | $58B | 22.5 | 12.9 | 22.8 | 23.6% | 12.8% | 14.4% | 12.7% | 1.5 |
 HAL | $29B | 23.3 | 10.3 | 17.4 | 15.7% | 10.2% | 12.2% | 10.2% | 2.4 |
 SLB | $72B | 20.5 | 11.1 | 15.1 | 18.2% | 15.3% | 13.5% | 12.1% | 1.7 |
 LBRT | $4B | 30.5 | 9.0 | 312.3 | 11.4% | 2.0% | 7.3% | 2.3% | 1.5 |
 NOV | $7B | 47.8 | 8.2 | 7.8 | 20.2% | 6.5% | 2.3% | 5.8% | 2.5 |
| Energy Median | — | 15.4 | 7.8 | 13.8 | 33.7% | 13.8% | 7.2% | 6.2% | 2.6 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 11 years · Updated daily
Consensus-Based Analysis Tools
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Check Valuation
Historical Returns
10-year return with dividends reinvested.
Calculate
DCA Calculator
See how regular investing compounds over time.
Run Numbers
Peer Comparison
Compare growth, multiples, and margins vs sector.
Compare
NCSM — Frequently Asked Questions
Quick answers to the most common questions about buying NCSM stock.
What is NCS Multistage Holdings, Inc.'s P/E ratio?
NCS Multistage Holdings, Inc.'s current P/E ratio is 5.7x. The historical average is 7.4x. This places it at the 50th percentile of its historical range.
What is NCS Multistage Holdings, Inc.'s EV/EBITDA?
NCS Multistage Holdings, Inc.'s current EV/EBITDA is 6.0x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 14.5x.
What is NCS Multistage Holdings, Inc.'s ROE?
NCS Multistage Holdings, Inc.'s return on equity (ROE) is 18.3%. The historical average is -9.9%.
Is NCSM stock overvalued?
Based on historical data, NCS Multistage Holdings, Inc. is trading at a P/E of 5.7x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What are NCS Multistage Holdings, Inc.'s profit margins?
NCS Multistage Holdings, Inc. has 38.2% gross margin and 6.4% operating margin.
How much debt does NCS Multistage Holdings, Inc. have?
NCS Multistage Holdings, Inc.'s Debt/EBITDA ratio is 0.7x, indicating low leverage. A ratio below 2x is generally considered financially healthy.