9 years of historical data (2016–2024) · Consumer Cyclical · Auto - Manufacturers
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
NIO Inc. currently has a negative P/E ratio, indicating the company is operating at a loss on a trailing-twelve-month basis.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $10.2B | $9.0B | $15.4B | $16.0B | $49.8B | $57.6B | $4.1B | $6.6B | — | — |
| Enterprise Value | $12.3B | $23.5B | $17.2B | $32.3B | $54.6B | $28.7B | $14.0B | $6.7B | — | — |
| P/E Ratio → | -3.03 | — | — | — | — | — | — | — | — | — |
| P/S Ratio | 1.06 | 0.14 | 0.28 | 0.32 | 1.38 | 3.55 | 0.53 | 1.34 | — | — |
| P/B Ratio | 5.08 | 0.66 | 0.52 | 0.58 | 1.31 | 1.81 | — | 0.81 | — | — |
| P/FCF | — | — | — | — | — | 70.02 | — | — | — | — |
| P/OCF | — | — | — | — | 25.34 | 29.55 | — | — | — | — |
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 | — | 0.36 | 0.31 | 0.66 | 1.51 | 1.77 | 1.79 | 1.36 | — | — |
| EV / EBITDA | — | — | — | — | — | — | — | — | — | — |
| EV / EBIT | — | — | — | — | — | — | — | — | — | — |
| EV / FCF | — | — | — | — | — | 34.91 | — | — | — | — |
Margins and return-on-capital ratios measuring operating efficiency
NIO Inc. earns an operating margin of -33.3%, below the Consumer Cyclical sector average of 2.4%. Operating margins have compressed from -31.7% to -33.3% over the past 3 years, signaling potential cost pressures or competitive headwinds. A negative ROE of -105.1% indicates the company is currently destroying shareholder equity.
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 | 9.9% | 9.9% | 5.5% | 10.4% | 18.9% | 11.5% | -15.3% | -5.2% | — | — |
| Operating Margin | -33.3% | -33.3% | -40.7% | -31.7% | -12.4% | -28.3% | -141.6% | -193.8% | — | — |
| Net Profit Margin | -34.5% | -34.5% | -38.0% | -29.6% | -29.3% | -34.5% | -145.9% | -195.1% | — | — |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -105.1% | -105.1% | -73.9% | -44.3% | -30.2% | -41.5% | -685.8% | -119.1% | -110.6% | -268.3% |
| ROA | -20.1% | -20.1% | -19.8% | -16.3% | -15.4% | -16.2% | -68.3% | -65.9% | -81.5% | -143.3% |
| ROIC | -55.2% | -55.2% | -45.1% | -27.0% | -14.7% | -86.7% | -125.3% | -150.9% | -435.2% | -463.6% |
| ROCE | -41.7% | -41.7% | -41.2% | -30.1% | -9.5% | -20.1% | -144.5% | -100.5% | -100.1% | -249.3% |
Solvency and debt-coverage ratios — lower is generally safer
Net debt stands at $14.5B ($33.8B total debt minus $19.3B cash).
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 2.50 | 2.50 | 1.17 | 1.31 | 0.53 | 0.30 | — | 0.40 | 0.09 | 0.06 |
| Debt / EBITDA | — | — | — | — | — | — | — | — | — | — |
| Net Debt / Equity | — | 1.07 | 0.06 | 0.59 | 0.13 | -0.91 | — | 0.01 | -0.84 | -0.55 |
| Net Debt / EBITDA | — | — | — | — | — | — | — | — | — | — |
| Debt / FCF | — | — | — | — | — | -35.11 | — | — | — | — |
| Interest Coverage | -27.40 | -27.40 | -56.14 | -46.94 | -7.05 | -10.82 | -29.90 | -77.61 | -273.92 | -47318.91 |
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.99x is below 1.0, meaning current liabilities exceed current assets — though the company's $19.3B cash position helps mitigate short-term liquidity concerns. The current ratio has declined from 1.29x to 0.99x over the past 3 years.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.99 | 0.99 | 1.22 | 1.29 | 2.18 | 3.31 | 0.52 | 1.42 | 5.13 | 1.20 |
| Quick Ratio | 0.88 | 0.88 | 1.13 | 1.11 | 2.11 | 3.23 | 0.43 | 1.25 | 5.08 | 1.26 |
| Cash Ratio | 0.54 | 0.54 | 0.86 | 0.86 | 1.80 | 3.04 | 0.11 | 0.97 | 4.65 | 0.81 |
| Asset Turnover | — | 0.61 | 0.47 | 0.51 | 0.44 | 0.30 | 0.54 | 0.26 | — | — |
| Inventory Turnover | 8.36 | 8.36 | 9.96 | 5.39 | 14.26 | 13.30 | 10.14 | 3.55 | — | — |
| Days Sales Outstanding | — | 9.31 | 30.57 | 37.92 | 28.26 | 27.90 | 63.07 | 55.77 | — | — |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
NIO Inc. does not currently pay a dividend and has no material buyback yield, reinvesting earnings back into the business.
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 | — | — | — | — | — | — | — | — | — | — |
| FCF Yield | — | — | — | — | — | 1.4% | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.1% | — | — |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.1% | — | — |
| Shares Outstanding | — | $2.1B | $1.7B | $1.6B | $1.6B | $1.2B | $1.0B | $1.0B | $1.1B | $1.1B |
Compare NIO 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 |
|---|---|---|---|---|---|---|---|---|---|
| NIOYou | $10B | -3.0 | — | — | 9.9% | -33.3% | -105.1% | -55.2% | — |
| TSLA | $1.5T | 372.7 | 143.0 | 242.7 | 18.0% | 4.6% | 4.8% | 4.5% | 0.8 |
| LI | $35B | 16.0 | 20.5 | 29.5 | 20.5% | 4.4% | 12.2% | 209.3% | 1.7 |
| VFS | $8B | -2.6 | — | — | -57.4% | -125.9% | — | -78.9% | — |
| ZK | $7B | -1.0 | — | 4.6 | 16.4% | -8.5% | — | — | — |
| XPEV | $6B | -9.8 | — | — | 14.3% | -16.3% | -17.1% | -16.9% | — |
| LCID | $3B | -0.8 | — | — | — | — | -117.6% | -98.7% | — |
| PSNY | $2B | -24.0 | — | — | -43.1% | -89.1% | — | -109.3% | — |
| FFAI | $101M | -0.0 | — | — | -15489.8% | -27780.7% | -207.4% | -39.0% | — |
| RIVN | $61M | -5.0 | — | — | 2.7% | -66.5% | -65.2% | -41.2% | — |
| CJET | $11M | -0.0 | — | — | -359.0% | -828.3% | — | -17.3% | — |
| Consumer Cyclical Median | — | 18.8 | 11.0 | 14.0 | 38.6% | 2.4% | 6.5% | 5.6% | 4.2 |
Peers based on L4 peer group classification. Compare multiple stocks →
Includes 30+ ratios · 9 years · Updated daily
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Start ComparisonNIO Inc.'s current P/E ratio is -3.0x. This places it at the 50th percentile of its historical range.
NIO Inc.'s return on equity (ROE) is -105.1%. The historical average is -99.1%.
Based on historical data, NIO Inc. is trading at a P/E of -3.0x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
NIO Inc. has 9.9% gross margin and -33.3% operating margin.