Latest Ratios: P/E Ratio 33.2x · EV/EBITDA 34.9x · ROE 3.1%. (2008–2025 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 | FY 2019 | FY 2016 | FY 2015 | FY 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $169M | $168M | $284M | $366M | $844M | $1.2B | — | — | — | — | — |
| Enterprise Value | $44M | $43M | $158M | $243M | $682M | $1.1B | — | — | — | — | — |
| P/E Ratio → | 33.20 | 36.20 | 56.60 | 67.54 | — | — | — | — | — | — | — |
| P/S Ratio | 2.44 | 2.43 | 4.72 | 6.84 | 17.85 | 28.58 | — | — | — | — | — |
| P/B Ratio | 1.01 | 1.10 | 1.93 | 2.62 | 4.64 | — | — | — | — | — | — |
| P/FCF | 13.13 | 13.05 | 22.53 | 27.60 | — | 835.65 | — | — | — | — | — |
| P/OCF | 12.71 | 12.63 | 21.86 | 26.95 | — | 752.52 | — | — | — | — | — |
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 | FY 2019 | FY 2016 | FY 2015 | FY 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.62 | 2.62 | 4.54 | 14.42 | 26.62 | — | — | — | — | — |
| EV / EBITDA | 34.94 | 34.14 | — | — | — | — | — | — | — | — | — |
| EV / EBIT | 184.71 | 180.52 | — | 43.79 | — | — | — | — | — | — | — |
| EV / FCF | — | 3.32 | 12.50 | 18.32 | — | 778.40 | — | — | — | — | — |
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 | FY 2019 | FY 2016 | FY 2015 | FY 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 77.4% | 77.4% | 78.0% | 80.6% | 84.9% | 85.9% | 86.7% | 93.0% | 47.2% | 47.5% | 46.4% |
| Operating Margin | 0.3% | 0.3% | -5.2% | -10.6% | -150.3% | -12.3% | -9.5% | -6.1% | -3.6% | -0.7% | 2.1% |
| Net Profit Margin | 6.7% | 6.7% | 8.3% | 10.1% | -342.0% | -384.8% | -18.7% | -8.7% | -5.0% | -2.2% | 0.5% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2016 | FY 2015 | FY 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 3.1% | 3.1% | 3.5% | 3.4% | -88.9% | — | — | -10.1% | -32.7% | -13.0% | 2.7% |
| ROA | 2.5% | 2.5% | 2.9% | 2.8% | -108.1% | -179.1% | -8.6% | -1.1% | -7.1% | -3.2% | 0.7% |
| ROIC | 0.7% | 0.7% | -12.8% | -23.5% | -270.8% | — | — | -6.2% | -15.3% | -3.4% | 9.3% |
| ROCE | 0.2% | 0.2% | -2.2% | -3.5% | -55.9% | -7.1% | -5.2% | -1.0% | -6.2% | -1.3% | 3.8% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2016 | FY 2015 | FY 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 | — | — | — | 0.50 | 0.03 | 0.04 |
| Debt / EBITDA | 0.55 | 0.55 | — | — | — | — | — | — | — | 0.35 | 0.15 |
| Net Debt / Equity | — | -0.82 | -0.86 | -0.88 | -0.89 | — | — | — | 0.37 | -0.04 | 0.02 |
| Net Debt / EBITDA | -99.99 | -99.99 | — | — | — | — | — | — | — | -0.45 | 0.09 |
| Debt / FCF | — | -9.73 | -10.04 | -9.28 | — | -57.26 | -41.39 | — | 1.39 | -0.11 | 0.06 |
| Interest Coverage | 14.81 | 14.81 | -406.29 | 369.73 | -20180.50 | -17380.67 | -577.67 | -346.60 | -2.34 | -0.56 | 1.34 |
Net cash position: cash ($126M) exceeds total debt ($683000)
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2016 | FY 2015 | FY 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 4.60 | 4.60 | 5.52 | 5.84 | 8.39 | 4.42 | 6.37 | 4.80 | 4.04 | 3.98 | 4.30 |
| Quick Ratio | 4.60 | 4.60 | 5.52 | 5.83 | 8.39 | 4.41 | 6.36 | 4.79 | 0.73 | 0.67 | 0.63 |
| Cash Ratio | 4.31 | 4.31 | 5.15 | 5.33 | 7.73 | 4.06 | 5.93 | 4.01 | 0.13 | 0.08 | 0.02 |
| Asset Turnover | — | 0.36 | 0.33 | 0.31 | 0.22 | 0.46 | 0.35 | 0.52 | 1.51 | 1.54 | 1.51 |
| Inventory Turnover | 919.41 | 919.41 | 736.56 | 315.15 | 158.44 | 65.18 | 45.02 | 16.63 | 1.26 | 1.28 | 1.23 |
| Days Sales Outstanding | — | 47.05 | 57.61 | 71.06 | 91.11 | 59.43 | 67.31 | 98.87 | 19.91 | 19.94 | 17.36 |
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 | FY 2019 | FY 2016 | FY 2015 | FY 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2016 | FY 2015 | FY 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 3.0% | 2.8% | 1.8% | 1.5% | — | — | — | — | — | — | — |
| FCF Yield | 7.6% | 7.7% | 4.4% | 3.6% | — | 0.1% | — | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 14.0% | 0.0% | 0.0% | — | — | — | — | — |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 14.0% | 0.0% | 0.0% | — | — | — | — | — |
| Shares Outstanding | — | $93M | $100M | $118M | $118M | $118M | $118M | $118M | $124M | $124M | $124M |
Geopolitical and AI disruption
According to current market data, PERF trades at a TTM P/E of 33.20 and a P/S of 2.44, suggesting that investors are pricing in significant future expansion despite the company's current lack of meaningful operating income and reliance on non-operating interest income to bolster bottom-line results.
The forward P/E of 24.96 implies an expectation of earnings growth that may be difficult to sustain given the current high-cost structure. Investors should monitor whether the valuation premium is justified by enterprise contract wins or if it remains vulnerable to a re-rating if growth fails to accelerate.
Based on reported financial statements, PERF's ROIC has fluctuated significantly over the last ten quarters, ranging from a low of -5.1% in 2024Q2 to a peak of 3.8% in 2025Q4, indicating that the company has yet to establish a consistent track record of compounding invested capital.
The erratic nature of these returns suggests that the company's heavy investment in R&D and customer acquisition is not yet yielding predictable economic value. The low ROIC relative to the cost of capital warrants further investigation into whether the current business model can achieve sustainable, long-term profitability.
As reported in recent filings, PERF's DSO has trended toward the 40-60 day range, reflecting a more disciplined approach to collecting on enterprise contracts compared to the 70-day levels observed in 2023Q4, which suggests a strengthening of the company's leverage over its customer base.
The asset turnover ratio remains consistently low at approximately 0.09, which is typical for a software-centric firm but highlights the reliance on high-margin revenue to offset the lack of physical asset utilization. Improving collection cycles are a positive indicator of operational maturity in the B2B segment.
According to the latest quarterly balance sheet, PERF maintains a current ratio of 4.48, which, when combined with a debt-free capital structure, provides a substantial liquidity buffer that appears more than sufficient to withstand severe operational stress or prolonged periods of market-wide economic volatility.
The company's ability to maintain such high liquidity without the use of debt is a significant competitive advantage in the current interest rate environment. This financial flexibility allows management to prioritize long-term R&D and strategic expansion without the immediate pressure of debt service obligations.
Investors frequently misapply net income as a primary gauge of PERF's performance, failing to recognize that the company's reported net margins are often inflated by non-operating interest income from its cash reserves rather than core operational success, as evidenced by the persistent near-zero operating margins.
Relying on net income obscures the underlying reality that the core business is currently struggling to achieve profitability. Analysts should instead focus on operating cash flow and gross margin trends to better understand the true earning power of the company's AR software platform.
Includes 30+ ratios · 15 years · Updated daily
DCF models, multiple analysis, and analyst estimates.
10-year return with dividends reinvested.
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Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying PERF stock.
Perfect Corp.'s current P/E ratio is 33.2x. The historical average is 53.4x.
Perfect Corp.'s current EV/EBITDA is 34.9x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 34.1x.
Perfect Corp.'s return on equity (ROE) is 3.1%. The historical average is -25.3%.
Based on historical data, Perfect Corp. is trading at a P/E of 33.2x. Compare with industry peers and growth rates for a complete picture.
Perfect Corp. has 77.4% gross margin and 0.3% operating margin.
Perfect Corp.'s Debt/EBITDA ratio is 0.5x, indicating low leverage. A ratio below 2x is generally considered financially healthy.