Niu Technologies (NIU) Financial Ratios
9 years of historical data (2016–2024) · Consumer Cyclical · Auto - Manufacturers
EV/EBITDA
↓
N/A
—
5yr avg: 6.78
30Y Low2.7·High9.8
P/FCF
↑
N/A
—
5yr avg: 15.11
30Y Low7.0·High26.7
P/B Ratio
↓
1.82
↑+135% vs avg
5yr avg: 0.77
30Y Low0.2·High2.2
ROE
↓
-19.1%
↑-1336% vs avg
5yr avg: -1.3%
30Y Low-285%·High28%
Debt/EBITDA
↑
N/A
—
5yr avg: 1.56
30Y Low0.6·High3.3
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.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $249M | $142M | $172M | $395M | $1.3B | $2.2B | $654M | $494M | — | — |
| Enterprise Value | $186M | $-288109083 | $-428202649 | $345M | $1.4B | $2.2B | $591M | $105M | — | — |
| P/E Ratio → | -8.75 | — | — | — | 5.71 | 13.11 | 3.44 | — | — | — |
| P/S Ratio | 0.51 | 0.04 | 0.06 | 0.12 | 0.35 | 0.91 | 0.31 | 0.33 | — | — |
| P/B Ratio | 1.82 | 0.15 | 0.16 | 0.30 | 1.02 | 2.23 | 0.83 | 0.87 | — | — |
| P/FCF | — | — | 11.60 | — | 26.69 | 7.05 | 17.35 | — | — | — |
| P/OCF | 32.37 | 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
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | -0.09 | -0.16 | 0.11 | 0.38 | 0.89 | 0.28 | 0.07 | — | — |
| EV / EBITDA | — | — | — | 6.45 | 4.09 | 9.81 | 2.70 | — | — | — |
| EV / EBIT | — | — | — | — | 5.10 | 10.99 | 2.82 | — | — | — |
| EV / FCF | — | — | -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 -7.6%, below the Consumer Cyclical sector average of 2.9%. Operating margins have compressed from -2.8% to -7.6% over the past 3 years, signaling potential cost pressures or competitive headwinds. A negative ROE of -19.1% indicates the company is currently destroying shareholder equity.
Margins
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 | 15.2% | 15.2% | 21.5% | 21.1% | 21.9% | 22.9% | 23.4% | 13.4% | 7.1% | -3.6% |
| Operating Margin | -7.6% | -7.6% | -12.0% | -2.8% | 6.8% | 7.0% | 9.0% | -21.3% | -18.4% | -63.8% |
| Net Profit Margin | -5.9% | -5.9% | -10.3% | -1.6% | 6.1% | 6.9% | 9.2% | -23.6% | -24.0% | -65.6% |
Return on Capital
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -19.1% | -19.1% | -22.6% | -3.8% | 20.0% | 18.9% | 27.9% | -284.7% | — | — |
| ROA | -8.0% | -8.0% | -11.5% | -2.0% | 10.5% | 10.0% | 14.1% | -41.3% | -41.4% | -59.9% |
| ROIC | -37.7% | -37.7% | -33.0% | -6.1% | 17.2% | 15.3% | 30.8% | -738.2% | — | — |
| ROCE | -24.1% | -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
The company holds a net cash position — cash of $630M exceeds total debt of $201M, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.22 | 0.22 | 0.25 | 0.13 | 0.16 | 0.18 | 0.27 | 0.32 | — | — |
| Debt / EBITDA | — | — | — | 3.28 | 0.58 | 0.81 | 0.99 | — | — | — |
| Net Debt / Equity | — | -0.46 | -0.55 | -0.04 | 0.10 | -0.05 | -0.08 | -0.68 | — | — |
| Net Debt / EBITDA | — | — | — | -0.93 | 0.37 | -0.21 | -0.29 | — | — | — |
| Debt / FCF | — | — | -40.53 | — | 2.67 | -0.15 | -1.66 | — | 3.66 | — |
| Interest Coverage | -44.57 | -44.57 | -222.99 | -15.62 | 40.94 | 23.12 | 16.38 | -40.72 | -44.97 | -97.61 |
Net cash position: cash ($630M) exceeds total debt ($201M)
NIU Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.31x means Niu Technologies can comfortably meet its short-term obligations, though there is limited excess liquidity. The quick ratio of 0.92x 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 1.69x to 1.31x 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 | 1.31 | 1.31 | 1.64 | 1.69 | 1.68 | 1.88 | 1.89 | 1.88 | 0.70 | 0.76 |
| Quick Ratio | 0.92 | 0.92 | 1.28 | 1.34 | 1.44 | 1.71 | 1.63 | 1.64 | 0.55 | 0.57 |
| Cash Ratio | 0.55 | 0.55 | 0.91 | 0.76 | 0.95 | 1.34 | 1.10 | 1.20 | 0.34 | 0.41 |
| Asset Turnover | — | 1.26 | 1.21 | 1.25 | 1.52 | 1.32 | 1.37 | 1.25 | 1.53 | 0.91 |
| Inventory Turnover | 4.30 | 4.30 | 5.30 | 5.99 | 10.72 | 13.26 | 8.90 | 8.98 | 8.10 | 5.50 |
| Days Sales Outstanding | — | 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 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 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 | — | — | 8.6% | — | 3.7% | 14.2% | 5.8% | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.9% | — | — |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.9% | — | — |
| Shares Outstanding | — | $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 | $249M | -8.8 | — | — | 15.2% | -7.6% | -19.1% | -37.7% | — |
 KNDI | $59M | -0.6 | — | 0.3 | 42.6% | -47.3% | -30.4% | -11.6% | — |
 PII | $4B | -8.2 | 20.2 | 6.8 | 18.5% | -0.4% | -43.6% | -0.8% | 6.0 |
 HOG | $3B | 8.5 | 5.3 | 6.4 | 30.2% | 8.6% | 10.7% | 5.0% | 6.2 |
 XPEV | $5B | -17.3 | — | — | 14.3% | -16.3% | -17.1% | -16.9% | — |
 TSLA | $1.5T | 381.3 | 146.4 | 248.4 | 18.0% | 4.6% | 4.8% | 4.5% | 0.8 |
 QS | $5B | -9.7 | — | — | — | — | -37.4% | -33.4% | — |
 BLNK | $91M | -0.4 | — | — | 31.4% | -160.6% | -97.1% | -109.7% | — |
 CHPT | $134M | -0.7 | — | — | 30.5% | -51.1% | -277.4% | -83.8% | — |
 AMPX | $2B | -46.1 | — | — | 11.3% | -63.9% | -50.8% | -66.4% | — |
 ENVX | $1B | -8.6 | — | — | 19.2% | -557.0% | -59.9% | -74.2% | — |
| Consumer Cyclical Median | — | 19.4 | 11.4 | 15.3 | 36.8% | 2.9% | 5.7% | 5.8% | 4.4 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 9 years · Updated daily
See NIU's True Return
Price is only half the story. See total return with reinvested dividends.
Launch CalculatorIs NIU Undervalued?
DCF intrinsic value, peer multiples, and analyst estimates — see what the stock is really worth.
View ValuationCompare NIU vs KNDI
Side-by-side business, growth, and profitability comparison vs Kandi Technologies Group, Inc..
Start ComparisonNIU — 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 -8.8x. The historical average is 7.4x.
What is Niu Technologies's ROE?
Niu Technologies's return on equity (ROE) is -19.1%. The historical average is -37.6%.
Is NIU stock overvalued?
Based on historical data, Niu Technologies is trading at a P/E of -8.8x. Compare with industry peers and growth rates for a complete picture.
What are Niu Technologies's profit margins?
Niu Technologies has 15.2% gross margin and -7.6% operating margin.