Latest Ratios: P/E Ratio 7.7x · EV/EBITDA N/A · ROE 6.2%. (2015–2025 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 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $14M | $9M | $13M | $12M | $12M | $402M | $85M | $28M | $5M | $47M | — |
| Enterprise Value | $-1552953 | $-5682260 | $-236155 | $-751617 | $-8190550 | $395M | $88M | $33M | $16M | $47M | — |
| P/E Ratio → | 7.71 | 5.35 | 6.25 | — | 15.50 | — | — | — | — | 564.00 | — |
| P/S Ratio | 10.81 | 7.51 | 22.89 | 15745.04 | 4.01 | 371.70 | 136.20 | 2.24 | 0.22 | 1.62 | — |
| P/B Ratio | 0.44 | 0.31 | 0.47 | 0.47 | 0.59 | 30.06 | — | 83.93 | — | 4.20 | — |
| 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 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | -4.54 | -0.42 | -996.84 | -2.64 | 365.37 | 141.60 | 2.62 | 0.69 | 1.63 | — |
| EV / EBITDA | — | — | — | — | — | — | — | — | — | 74.85 | — |
| EV / EBIT | — | — | — | — | — | — | 289.23 | — | — | 330.64 | — |
| 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 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | -0.9% | -0.9% | 42.3% | -350949.5% | 34.0% | 28.8% | 27.8% | -12.0% | -17.1% | 28.6% | 28.9% |
| Operating Margin | -146.3% | -146.3% | -267.3% | -820361.3% | -98.1% | -338.6% | -79.7% | -55.0% | -59.3% | 0.9% | 4.7% |
| Net Profit Margin | 143.8% | 143.8% | 476.2% | -1111083.7% | 25.9% | -566.1% | -140.4% | -68.2% | -60.1% | 0.4% | 4.1% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 6.2% | 6.2% | 10.2% | -36.3% | 4.7% | -98.1% | — | -2556.4% | -308.7% | 1.5% | 29.1% |
| ROA | 4.9% | 4.9% | 8.6% | -25.6% | 2.3% | -24.2% | -5.2% | -53.1% | -76.4% | 0.7% | 8.6% |
| ROIC | -9.2% | -9.2% | -8.5% | -71.6% | -336.1% | -166.4% | -9.8% | -72.5% | -101.2% | 2.2% | 15.2% |
| ROCE | -5.8% | -5.8% | -5.5% | -26.1% | -17.8% | -62.2% | -13550.8% | -1112.8% | -297.5% | 3.5% | 33.2% |
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 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.13 | 0.13 | 0.09 | 0.04 | 0.06 | 0.41 | — | 29.42 | — | 0.25 | 0.74 |
| Debt / EBITDA | — | — | — | — | — | — | — | — | — | 4.40 | 2.23 |
| Net Debt / Equity | — | -0.49 | -0.48 | -0.50 | -0.97 | -0.51 | — | 14.26 | — | 0.04 | 0.47 |
| Net Debt / EBITDA | — | — | — | — | — | — | — | — | — | 0.69 | 1.42 |
| Debt / FCF | — | — | — | — | — | — | — | — | — | — | — |
| Interest Coverage | — | — | -21.88 | -433.28 | — | -279.35 | 0.26 | -5.26 | -60.00 | 1.72 | 11.75 |
Net cash position: cash ($19M) exceeds total debt ($4M)
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 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 5.08 | 5.08 | 6.86 | 8.03 | 2.30 | 1.58 | 0.55 | 0.50 | 0.41 | 1.80 | 1.09 |
| Quick Ratio | 5.08 | 5.08 | 6.86 | 8.03 | 2.30 | 1.58 | 0.54 | 0.46 | 0.25 | 0.74 | 0.43 |
| Cash Ratio | 5.02 | 5.02 | 6.82 | 7.96 | 2.17 | 1.14 | 0.51 | 0.35 | 0.05 | 0.27 | 0.13 |
| Asset Turnover | — | 0.03 | 0.02 | 0.00 | 0.08 | 0.03 | 0.03 | 0.84 | 1.36 | 1.46 | 1.85 |
| Inventory Turnover | — | — | — | — | 2073.15 | 14.97 | 3.47 | 29.95 | 9.18 | 2.26 | 2.91 |
| Days Sales Outstanding | — | 21.98 | 3.72 | 2401.55 | 3.45 | 12.44 | 98.75 | 0.63 | 20.43 | 28.90 | 13.46 |
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 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 13.0% | 18.7% | 16.0% | — | 6.5% | — | — | — | — | 0.2% | — |
| FCF Yield | — | — | — | — | — | — | — | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — |
| Shares Outstanding | — | $10M | $10M | $10M | $8M | $5M | $2M | $1M | $477924 | $415192 | $461250 |
Structural operational unprofitability
According to recent market data, PETZ trades at a price-to-sales multiple of 10.81, which appears significantly detached from the company's negative gross margins and suggests investors may be pricing the entity as a speculative cash-rich shell rather than a functional consumer goods manufacturer with sustainable growth prospects.
The elevated P/S ratio relative to the company's inability to generate positive gross profit indicates that the market is not valuing the firm based on its core pet food operations. Investors should monitor whether this valuation premium is supported by the company's cash position or if it represents a mispricing of the firm's long-term viability as an industrial player.
Based on reported financial statements, the company's ROIC has remained consistently negative, reaching -5.7% in 2025Q4, which highlights a structural inability to generate value from invested capital and suggests that the firm's manufacturing footprint is currently a drag on shareholder wealth rather than a productive asset.
The persistent negative ROIC trend over the last ten quarters indicates that the company is failing to achieve the necessary scale or pricing power to cover its cost of capital. This decay in returns warrants further investigation into whether the current manufacturing strategy is fundamentally flawed or if the company requires a complete pivot to achieve operational efficiency.
As reported in recent filings, the company's asset turnover ratio remains extremely low at 0.02, which suggests that the firm's manufacturing assets are significantly underutilized and that the current operational structure is failing to convert its production capacity into meaningful revenue generation for the business.
The extremely low asset turnover, combined with volatile DSO and DPO metrics, implies that the company lacks the operational leverage seen in more efficient industry peers. This inefficiency suggests that the firm is struggling to manage its working capital cycle effectively, which further exacerbates the pressure on its already strained liquidity position.
Based on the 2025Q4 balance sheet, the company maintains a current ratio of 5.08, which provides a substantial liquidity buffer; however, this appears to be a function of idle cash reserves rather than a healthy, self-sustaining working capital cycle within the core pet food manufacturing business.
While the high current ratio suggests the company is not at immediate risk of insolvency, the reliance on cash reserves to maintain this liquidity profile is unsustainable if operational losses continue. Investors should monitor whether this capital is being preserved for a strategic pivot or if it is being slowly eroded by the company's ongoing negative cash flow.
As reported in financial data, the P/E ratio of 7.71 is a misleading metric for this business model, as it is driven by non-operating income and one-time financial adjustments rather than sustainable earnings from the company's core pet food manufacturing and distribution operations.
Using the P/E ratio to evaluate this company obscures the reality of its deeply negative operating margins and persistent cash burn. Analysts should instead focus on EV/Sales or cash-burn metrics to better understand the company's true financial health, as the P/E ratio fails to account for the lack of recurring, high-quality earnings.
Includes 30+ ratios · 11 years · Updated daily
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Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying PETZ stock.
TDH Holdings, Inc.'s current P/E ratio is 7.7x. The historical average is 9.0x. This places it at the 67th percentile of its historical range.
TDH Holdings, Inc.'s return on equity (ROE) is 6.2%. The historical average is -41.6%.
Based on historical data, TDH Holdings, Inc. is trading at a P/E of 7.7x. This is at the 67th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
TDH Holdings, Inc. has -0.9% gross margin and -146.3% operating margin.