Latest Ratios: P/E Ratio -0.2x · EV/EBITDA N/A · ROE -239.5%. (2020–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Market Cap | $3M | $25M | — | — | — | — | — |
| Enterprise Value | $4M | $26M | — | — | — | — | — |
| P/E Ratio → | -0.21 | — | — | — | — | — | — |
| P/S Ratio | 0.27 | 2.52 | — | — | — | — | — |
| P/B Ratio | 0.37 | 4.13 | — | — | — | — | — |
| P/FCF | — | — | — | — | — | — | — |
| P/OCF | — | — | — | — | — | — | — |
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 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 2.62 | — | — | — | — | — |
| EV / EBITDA | — | — | — | — | — | — | — |
| EV / EBIT | — | — | — | — | — | — | — |
| EV / FCF | — | — | — | — | — | — | — |
Margins and return-on-capital ratios measuring operating efficiency
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 |
|---|---|---|---|---|---|---|---|
| Gross Margin | 22.8% | 22.8% | 22.9% | 21.3% | 32.8% | 34.4% | 35.9% |
| Operating Margin | -111.5% | -111.5% | -12.8% | 3.5% | 0.5% | 10.4% | 2.5% |
| Net Profit Margin | -110.4% | -110.4% | -14.6% | 1.5% | 1.4% | 9.2% | 7.0% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| ROE | -239.5% | -239.5% | -39.4% | 4.7% | 5.4% | 54.7% | 15.1% |
| ROA | -102.9% | -102.9% | -21.5% | 3.0% | 3.1% | 26.2% | 5.3% |
| ROIC | -171.0% | -171.0% | -29.1% | 9.2% | 1.9% | 63.8% | 4.5% |
| ROCE | -218.3% | -218.3% | -34.3% | 11.3% | 2.0% | 60.4% | 5.1% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.45 | 0.45 | 0.00 | 0.01 | 0.05 | 0.04 | 0.14 |
| Debt / EBITDA | — | — | — | 0.11 | 0.78 | 0.07 | 0.98 |
| Net Debt / Equity | — | 0.16 | -0.13 | -0.11 | -0.03 | -0.37 | -0.09 |
| Net Debt / EBITDA | — | — | — | -0.97 | -0.46 | -0.70 | -0.63 |
| Debt / FCF | — | — | — | -1.20 | — | -1.27 | — |
| Interest Coverage | — | — | — | 84.84 | 5.64 | 101.39 | 318.76 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Current Ratio | 1.29 | 1.29 | 1.70 | 3.03 | 2.07 | 2.27 | 1.36 |
| Quick Ratio | 1.25 | 1.25 | 1.41 | 2.52 | 2.02 | 2.12 | 1.10 |
| Cash Ratio | 0.26 | 0.26 | 0.10 | 0.25 | 0.11 | 0.62 | 0.13 |
| Asset Turnover | — | 0.71 | 1.40 | 1.70 | 2.13 | 2.74 | 0.76 |
| Inventory Turnover | 24.74 | 24.74 | 6.52 | 8.25 | 65.74 | 30.42 | 2.90 |
| Days Sales Outstanding | — | 207.74 | 191.43 | 75.28 | 132.75 | 79.32 | 213.18 |
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 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | — | — |
| FCF Yield | — | — | — | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | — | — | — | — | — |
| Total Shareholder Yield | 0.0% | 0.0% | — | — | — | — | — |
| Shares Outstanding | — | $17M | $16M | $15M | $15M | $15M | $15M |
Imminent liquidity and solvency
As reported in recent financial filings, NTCL trades at a P/S multiple of 0.27, a valuation level that suggests the market has largely abandoned expectations for a near-term turnaround in the company's core institutional software business model.
The current P/B ratio of 0.37 indicates that the market values the company at a significant discount to its book value, which is typical for firms facing existential liquidity concerns. This valuation implies that investors are pricing in a high probability of further equity dilution or restructuring rather than future growth.
Based on the most recent quarterly data, NTCL's ROIC has plummeted to -70.0%, a sharp reversal from the positive 29.9% return on invested capital observed in 2024Q4, indicating a rapid deterioration in the company's ability to generate value from its capital base.
The collapse in ROIC appears driven by the widening gap between operating expenses and revenue, suggesting that recent investments in AI and blockchain modules have failed to yield productive returns. This trend warrants further investigation into whether the company's capital allocation strategy is fundamentally misaligned with its current market opportunity.
According to the latest quarterly figures, NTCL's cash conversion cycle has expanded to 60 days, reflecting increased friction in collecting receivables from institutional clients compared to the more efficient 37-day cycle observed in late 2024.
The lengthening DSO suggests that the company may be experiencing difficulty in securing timely payments from its public agency clients, which exacerbates the firm's existing liquidity constraints. Investors should monitor whether this trend indicates a structural shift in customer payment behavior or merely temporary administrative delays.
As reported in recent balance sheet disclosures, NTCL maintains a current ratio of 1.29, yet this figure masks a precarious cash position of only $1.76M that appears insufficient to sustain the company's current rate of operating cash burn.
While the current ratio suggests a superficial level of coverage, the reliance on inventory and receivables to meet short-term obligations leaves the company vulnerable to any further deterioration in asset quality. The lack of a robust cash cushion suggests that the firm may face significant challenges in meeting its near-term financial commitments.
Market participants frequently misapply standard SaaS valuation multiples like EV/Sales to NTCL, which obscures the reality that the firm's 22.85% gross margin is more characteristic of a low-margin IT services consultancy than a scalable software provider.
By ignoring the high labor intensity and pass-through costs embedded in the company's revenue, analysts may overestimate the firm's potential for operating leverage. A more appropriate approach would be to evaluate the company based on its service-level profitability and the sustainability of its recurring revenue streams, rather than applying growth-stage software multiples.
Includes 30+ ratios · 6 years · Updated daily
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Quick answers to the most common questions about buying NTCL stock.
NetClass Technology Inc's current P/E ratio is -0.2x. This places it at the 50th percentile of its historical range.
NetClass Technology Inc's return on equity (ROE) is -239.5%. The historical average is -33.2%.
Based on historical data, NetClass Technology Inc is trading at a P/E of -0.2x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
NetClass Technology Inc has 22.8% gross margin and -111.5% operating margin.