Latest Ratios: P/E Ratio 20.9x · EV/EBITDA 57.4x · ROE 2.6%. (2011–2025 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 | $86M | $96M | $97M | $79M | $81M | $115M | $138M | $402M | $593M | $927M | $1.2B |
| Enterprise Value | $227M | $237M | $165M | $158M | $136M | $123M | $233M | $586M | $927M | $1.3B | $1.6B |
| P/E Ratio → | 20.86 | 23.12 | 5.21 | 2.94 | — | 89.38 | — | — | — | — | — |
| P/S Ratio | 3.57 | 3.99 | 2.76 | 3.94 | 12.86 | 8.18 | — | — | — | 35.44 | 147.83 |
| P/B Ratio | 0.54 | 0.60 | 0.61 | 0.54 | 0.67 | 0.80 | 0.92 | 1.86 | 1.85 | 2.01 | 2.33 |
| P/FCF | — | — | 6.03 | — | — | 1.21 | 1.77 | 2.24 | 7.53 | 14.10 | 4.41 |
| P/OCF | — | — | 6.03 | — | — | 1.21 | 1.77 | 2.24 | 7.53 | 14.10 | 4.41 |
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 | — | 9.83 | 4.70 | 7.83 | 21.62 | 8.75 | — | — | — | 49.92 | 196.57 |
| EV / EBITDA | 57.43 | 59.99 | 9.32 | 4.86 | — | 96.16 | — | — | — | — | — |
| EV / EBIT | 57.43 | 59.99 | 9.32 | 4.86 | — | 96.16 | — | — | — | — | — |
| EV / FCF | — | — | 10.26 | — | — | 1.29 | 2.97 | 3.26 | 11.78 | 19.85 | 5.87 |
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 | 57.3% | 57.3% | 81.2% | 100.0% | 18.9% | 58.7% | 132.9% | 162.4% | 140.3% | -20.1% | -271.6% |
| Operating Margin | 16.4% | 16.4% | 50.4% | 59.8% | -96.9% | 9.1% | 144.8% | 250.4% | 160.7% | -61.8% | -344.3% |
| Net Profit Margin | 17.3% | 17.3% | 52.9% | 133.7% | -96.9% | 9.1% | 144.8% | 250.4% | 160.0% | -57.7% | -343.2% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 2.6% | 2.6% | 12.1% | 20.1% | -4.6% | 0.9% | -35.9% | -35.9% | -28.4% | -3.1% | -4.9% |
| ROA | 1.3% | 1.3% | 6.9% | 11.7% | -2.8% | 0.5% | -16.6% | -15.7% | -13.0% | -1.5% | -2.5% |
| ROIC | 1.0% | 1.0% | 5.0% | 4.2% | -2.2% | 0.4% | -12.8% | -12.1% | -10.0% | -1.2% | -1.9% |
| ROCE | 1.3% | 1.3% | 6.7% | 5.3% | -2.8% | 0.5% | -17.0% | -16.0% | -13.2% | -1.6% | -2.5% |
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 | 0.92 | 0.92 | 0.85 | 0.57 | 0.65 | 0.54 | 1.00 | 1.16 | 1.28 | 1.06 | 0.97 |
| Debt / EBITDA | 37.52 | 37.52 | 7.65 | 2.60 | — | 60.59 | — | — | — | — | — |
| Net Debt / Equity | — | 0.88 | 0.43 | 0.53 | 0.46 | 0.06 | 0.63 | 0.85 | 1.04 | 0.82 | 0.77 |
| Net Debt / EBITDA | 35.67 | 35.67 | 3.84 | 2.41 | — | 6.26 | — | — | — | — | — |
| Debt / FCF | — | — | 4.23 | — | — | 0.08 | 1.21 | 1.02 | 4.25 | 5.76 | 1.46 |
| Interest Coverage | 0.38 | 0.38 | 2.68 | 5.87 | -1.19 | 0.22 | -4.41 | -4.02 | -3.99 | -0.51 | -0.93 |
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 | 1.30 | 1.30 | 11.38 | 3.11 | 9.70 | 50.86 | 19.68 | 4.73 | 13.25 | 21.15 | 26.40 |
| Quick Ratio | 1.30 | 1.30 | 11.38 | 3.11 | 9.70 | 50.86 | 19.68 | 4.73 | 13.25 | 21.15 | 26.40 |
| Cash Ratio | 1.28 | 1.28 | 10.66 | 1.59 | 8.95 | 49.02 | 19.42 | 4.59 | 12.17 | 19.31 | 23.87 |
| Asset Turnover | — | 0.08 | 0.12 | 0.08 | 0.03 | 0.06 | -0.15 | -0.08 | -0.09 | 0.03 | 0.01 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
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 | 3.3% | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | 69.5% | 69.5% | 14.2% | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 4.8% | 4.3% | 19.2% | 34.0% | — | 1.1% | — | — | — | — | — |
| FCF Yield | — | — | 16.6% | — | — | 82.8% | 56.6% | 44.7% | 13.3% | 7.1% | 22.7% |
| Buyback Yield | 0.9% | — | — | — | — | — | — | — | — | — | — |
| Total Shareholder Yield | 4.3% | — | — | — | — | — | — | — | — | — | — |
| Shares Outstanding | — | $2M | $2M | $2M | $2M | $3M | $3M | $3M | $3M | $3M | $3M |
Portfolio asset base erosion
According to recent market data, PFX trades at a price-to-book ratio of 0.54, which, as reported in financial statements, suggests that investors are pricing the company at a significant discount to its net asset value due to persistent concerns regarding the quality of its underlying portfolio.
The absence of a meaningful forward P/E ratio indicates that the market lacks confidence in the company's ability to generate consistent, positive earnings in the near term. This valuation gap relative to peers suggests that the market views the current asset base as potentially impaired or difficult to monetize effectively.
Based on reported figures, PFX has struggled to maintain positive returns on invested capital, with ROIC fluctuating between -0.5% and 2.3% over recent quarters, a trend that indicates the firm is failing to compound shareholder capital effectively compared to its historical performance and industry benchmarks.
The inability to consistently generate returns above the cost of capital suggests that the internalized management structure has yet to deliver the promised efficiency gains. Investors should monitor whether this decay in capital productivity is a permanent feature of the current portfolio or a temporary consequence of restructuring efforts.
As evidenced by quarterly data, the company's asset turnover ratio has remained consistently low at approximately 0.01 to 0.04, which, according to industry standards, indicates a lack of velocity in deploying capital into income-generating assets compared to more active middle-market lenders in the sector.
This low turnover rate implies that a significant portion of the balance sheet may be tied up in non-performing or slow-moving legacy assets. The lack of improvement in this metric suggests that management is struggling to recycle capital into new, higher-yielding opportunities, further constraining the firm's overall earning power.
As reported in financial statements, PFX maintains a debt-to-equity ratio of 0.92, which, while providing a safety buffer against regulatory breaches, appears to limit the firm's ability to amplify returns through leverage in a manner consistent with more aggressive peers in the BDC space.
While this low leverage profile reduces immediate insolvency risk, it also suggests that the company is not utilizing the primary engine of BDC profitability. This conservative stance may be a defensive reaction to portfolio quality issues rather than a strategic choice, warranting further investigation into the firm's financing flexibility.
Investors frequently rely on the price-to-book ratio as a primary valuation metric for PFX, yet this approach obscures the reality that the book value is heavily dependent on internal, non-observable fair value models for Level 3 assets, which may not reflect actual liquidation values.
Relying on NAV in this context is misleading because it assumes the portfolio can be liquidated at the stated carrying value, which is unlikely given the current revenue contraction. A more appropriate metric would be a risk-adjusted yield on the performing portion of the portfolio, which would better capture the true earning potential of the firm.
Includes 30+ ratios · 15 years · Updated daily
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Quick answers to the most common questions about buying PFX stock.
PhenixFIN Corporation's current P/E ratio is 20.9x. The historical average is 33.2x. This places it at the 25th percentile of its historical range.
PhenixFIN Corporation's current EV/EBITDA is 57.4x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 41.5x.
PhenixFIN Corporation's return on equity (ROE) is 2.6%. The historical average is -3.2%.
Based on historical data, PhenixFIN Corporation is trading at a P/E of 20.9x. This is at the 25th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
PhenixFIN Corporation's current dividend yield is 3.34% with a payout ratio of 69.5%.
PhenixFIN Corporation has 57.3% gross margin and 16.4% operating margin. Operating margin between 10-20% is typical for established companies.
PhenixFIN Corporation's Debt/EBITDA ratio is 37.5x, indicating high leverage. A ratio above 4x may signal elevated financial risk.