Niu Technologies (NIU) Financial Ratios
10 years of historical data (2016–2025) · Consumer Cyclical · Auto - Manufacturers
EV/EBITDA
↓
23.13
↑+339% vs avg
5yr avg: 5.27
30Y Low2.7·High9.8
P/FCF
↓
6.21
↓-53% vs avg
5yr avg: 13.22
30Y Low1.4·High26.7
P/B Ratio
↓
1.23
↑+222% vs avg
5yr avg: 0.38
30Y Low0.2·High2.2
ROE
↓
-4.2%
↓+30% vs avg
5yr avg: -5.9%
30Y Low-285%·High28%
Debt/EBITDA
↑
24.94
↑+160% vs avg
5yr avg: 9.60
30Y Low0.6·High24.9
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
NIU Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Niu Technologies currently has a negative P/E ratio, indicating the company is operating at a loss on a trailing-twelve-month basis. On a free-cash-flow basis, the stock trades at 6.2x P/FCF, 53% below the 5-year average of 13.2x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $161M | $242M | $142M | $172M | $395M | $1.3B | $2.2B | $654M | $494M | — | — |
| Enterprise Value | $87M | $-255708875 | $-288109083 | $-428202649 | $345M | $1.4B | $2.2B | $591M | $105M | — | — |
| P/E Ratio → | -28.95 | — | — | — | — | 5.71 | 13.11 | 3.44 | — | — | — |
| P/S Ratio | 0.26 | 0.06 | 0.04 | 0.06 | 0.12 | 0.35 | 0.91 | 0.31 | 0.33 | — | — |
| P/B Ratio | 1.23 | 0.27 | 0.15 | 0.16 | 0.30 | 1.02 | 2.23 | 0.83 | 0.87 | — | — |
| P/FCF | 6.21 | 1.38 | — | 11.60 | — | 26.69 | 7.05 | 17.35 | — | — | — |
| P/OCF | 3.08 | 0.68 | 2.71 | 1.83 | — | 3.87 | 4.75 | 3.66 | 63.45 | — | — |
P/E links to full P/E history page with 30-year chart
NIU EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Niu Technologies's enterprise value stands at 23.1x EBITDA, 339% above its 5-year average of 5.3x. The Consumer Cyclical sector median is 12.1x, placing the stock at a 91% premium 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 | — | -0.06 | -0.09 | -0.16 | 0.11 | 0.38 | 0.89 | 0.28 | 0.07 | — | — |
| EV / EBITDA | 23.13 | -9.99 | — | — | 6.45 | 4.09 | 9.81 | 2.70 | — | — | — |
| EV / EBIT | — | — | — | — | — | 5.10 | 10.99 | 2.82 | — | — | — |
| EV / FCF | — | -1.46 | — | -28.93 | — | 29.36 | 6.90 | 15.69 | — | — | — |
NIU Profitability
Margins and return-on-capital ratios measuring operating efficiency
Niu Technologies earns an operating margin of -2.1%, below the Consumer Cyclical sector average of 1.7%. Operating margins have expanded from -12.0% to -2.1% over the past 3 years, signaling improving operational efficiency. A negative ROE of -4.2% indicates the company is currently destroying shareholder equity.
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 | 19.6% | 19.6% | 15.2% | 21.5% | 21.1% | 21.9% | 22.9% | 23.4% | 13.4% | 7.1% | -3.6% |
| Operating Margin | -2.1% | -2.1% | -7.6% | -12.0% | -2.8% | 6.8% | 7.0% | 9.0% | -21.3% | -18.4% | -63.8% |
| Net Profit Margin | -0.9% | -0.9% | -5.9% | -10.3% | -1.6% | 6.1% | 6.9% | 9.2% | -23.6% | -24.0% | -65.6% |
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 | -4.2% | -4.2% | -19.1% | -22.6% | -3.8% | 20.0% | 18.9% | 27.9% | -284.7% | — | — |
| ROA | -1.4% | -1.4% | -8.0% | -11.5% | -2.0% | 10.5% | 10.0% | 14.1% | -41.3% | -41.4% | -59.9% |
| ROIC | -14.4% | -14.4% | -37.7% | -33.0% | -6.1% | 17.2% | 15.3% | 30.8% | -738.2% | — | — |
| ROCE | -9.1% | -9.1% | -24.1% | -25.8% | -6.7% | 21.6% | 18.5% | 26.6% | -122.5% | — | -485.0% |
NIU Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Niu Technologies carries a Debt/EBITDA ratio of 24.9x, which is highly leveraged (427% above the sector average of 4.7x). The company holds a net cash position — cash of $1.1B exceeds total debt of $639M, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.71 | 0.71 | 0.22 | 0.25 | 0.13 | 0.16 | 0.18 | 0.27 | 0.32 | — | — |
| Debt / EBITDA | 24.94 | 24.94 | — | — | 3.28 | 0.58 | 0.81 | 0.99 | — | — | — |
| Net Debt / Equity | — | -0.55 | -0.46 | -0.55 | -0.04 | 0.10 | -0.05 | -0.08 | -0.68 | — | — |
| Net Debt / EBITDA | -19.44 | -19.44 | — | — | -0.93 | 0.37 | -0.21 | -0.29 | — | — | — |
| Debt / FCF | — | -2.84 | — | -40.53 | — | 2.67 | -0.15 | -1.66 | — | 3.66 | — |
| Interest Coverage | -9.17 | -9.17 | -37.55 | -197.06 | -11.46 | 45.24 | 26.71 | 18.40 | -44.20 | -57.56 | -99.30 |
Net cash position: cash ($1.1B) exceeds total debt ($639M)
NIU Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.18x means Niu Technologies can comfortably meet its short-term obligations, though there is limited excess liquidity. The quick ratio of 0.85x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory. The current ratio has declined from 1.64x to 1.18x 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 | 1.18 | 1.18 | 1.31 | 1.64 | 1.69 | 1.68 | 1.88 | 1.89 | 1.88 | 0.70 | 0.76 |
| Quick Ratio | 0.85 | 0.85 | 0.92 | 1.28 | 1.34 | 1.44 | 1.71 | 1.63 | 1.64 | 0.55 | 0.57 |
| Cash Ratio | 0.66 | 0.66 | 0.55 | 0.91 | 0.76 | 0.95 | 1.34 | 1.10 | 1.20 | 0.34 | 0.41 |
| Asset Turnover | — | 1.42 | 1.26 | 1.21 | 1.25 | 1.52 | 1.32 | 1.37 | 1.25 | 1.53 | 0.91 |
| Inventory Turnover | 5.16 | 5.16 | 4.30 | 5.30 | 5.99 | 10.72 | 13.26 | 8.90 | 8.98 | 8.10 | 5.50 |
| Days Sales Outstanding | — | 25.35 | 14.64 | 32.75 | 49.64 | 28.14 | 16.93 | 22.73 | 15.55 | 6.57 | 33.37 |
NIU Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Niu Technologies does not currently pay a dividend and has no material buyback yield, reinvesting earnings back into the business.
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% | 7.6% | 29.1% | — | — | — |
| FCF Yield | 16.1% | 72.5% | — | 8.6% | — | 3.7% | 14.2% | 5.8% | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.9% | — | — |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.9% | — | — |
| Shares Outstanding | — | $80M | $79M | $78M | $75M | $80M | $79M | $77M | $71M | $74M | $10M |
Peer Comparison
Compare NIU 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 |
|---|---|---|---|---|---|---|---|---|---|
 NIUYou | $161M | -28.9 | 23.1 | 6.2 | 19.6% | -2.1% | -4.2% | -14.4% | 24.9 |
 KNDI | $54M | -0.6 | — | 0.3 | 42.6% | -47.3% | -30.4% | -11.6% | — |
 PII | $4B | -8.4 | 20.6 | 7.0 | 18.5% | -0.4% | -43.6% | -0.8% | 6.0 |
 HOG | $3B | 8.9 | 5.5 | 6.7 | 30.2% | 8.6% | 10.7% | 5.0% | 6.2 |
 XPEV | $13B | -38.0 | — | 17.5 | 18.9% | -5.8% | -3.6% | -8.9% | — |
 TSLA | $1.5T | 375.0 | 143.9 | 244.4 | 18.0% | 4.6% | 4.8% | 4.5% | 0.8 |
 QS | $5B | -10.0 | — | — | — | — | -37.4% | -33.4% | — |
 BLNK | $78M | -0.9 | — | — | 24.4% | -72.4% | -91.0% | -92.9% | — |
 CHPT | $205M | -0.8 | — | — | 30.5% | -51.1% | -277.4% | -83.8% | — |
 AMPX | $2B | -44.7 | — | — | 11.3% | -63.9% | -50.8% | -66.4% | — |
 ENVX | $2B | -9.4 | — | — | -86.8% | -554.8% | -59.9% | -30.2% | — |
| Consumer Cyclical Median | — | 20.8 | 12.1 | 15.6 | 36.2% | 1.7% | 5.5% | 5.1% | 4.7 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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NIU — Frequently Asked Questions
Quick answers to the most common questions about buying NIU stock.
What is Niu Technologies's P/E ratio?
Niu Technologies's current P/E ratio is -28.9x. The historical average is 7.4x.
What is Niu Technologies's EV/EBITDA?
Niu Technologies's current EV/EBITDA is 23.1x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 5.8x.
What is Niu Technologies's ROE?
Niu Technologies's return on equity (ROE) is -4.2%. The historical average is -33.5%.
Is NIU stock overvalued?
Based on historical data, Niu Technologies is trading at a P/E of -28.9x. Compare with industry peers and growth rates for a complete picture.
What are Niu Technologies's profit margins?
Niu Technologies has 19.6% gross margin and -2.1% operating margin.
How much debt does Niu Technologies have?
Niu Technologies's Debt/EBITDA ratio is 24.9x, indicating high leverage. A ratio above 4x may signal elevated financial risk.