Latest Ratios: P/E Ratio 16.3x · EV/EBITDA 7.1x · ROE N/A. (2013–2025 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 | $234M | $175M | $355M | $229M | $424M | $218M | $49M | $10M | $26M | $41M | $224M |
| Enterprise Value | $550M | $491M | $611M | $489M | $704M | $505M | $333M | $304M | $311M | $321M | $489M |
| P/E Ratio → | 16.30 | 11.74 | 18.23 | 9.55 | 11.60 | 13.64 | 3.05 | — | — | — | 41.50 |
| P/S Ratio | 0.43 | 0.32 | 0.74 | 0.51 | 0.89 | 0.58 | 0.16 | 0.04 | 0.10 | 0.18 | 0.73 |
| P/B Ratio | — | — | — | — | — | — | — | — | — | — | — |
| P/FCF | 5.66 | 4.23 | 10.43 | 8.28 | 31.47 | 21.49 | 3.30 | — | — | — | 4.91 |
| P/OCF | 3.93 | 2.94 | 8.20 | 6.72 | 13.53 | 10.79 | 2.24 | 3.55 | 7.25 | 16.81 | 3.74 |
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 | — | 0.90 | 1.27 | 1.10 | 1.48 | 1.35 | 1.07 | 1.09 | 1.22 | 1.44 | 1.58 |
| EV / EBITDA | 7.11 | 6.35 | 7.71 | 6.30 | 7.49 | 6.78 | 6.03 | 7.24 | 13.53 | — | 10.65 |
| EV / EBIT | 10.02 | 8.95 | 9.73 | 7.96 | 8.94 | 8.50 | 8.69 | 12.99 | 72.46 | — | 15.44 |
| EV / FCF | — | 11.88 | 17.94 | 17.68 | 52.27 | 49.76 | 22.31 | — | — | — | 10.71 |
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 | 31.3% | 31.3% | 35.6% | 35.0% | 36.9% | 37.7% | 35.3% | 32.8% | 30.7% | 30.5% | 33.0% |
| Operating Margin | 10.1% | 10.1% | 13.1% | 13.9% | 16.6% | 15.9% | 12.3% | 8.9% | 1.8% | -8.6% | 9.4% |
| Net Profit Margin | 2.8% | 2.8% | 4.1% | 5.4% | 7.7% | 4.2% | 5.2% | -1.8% | -14.6% | -9.8% | 1.7% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | — | — | — | — | — | — | — | — | — | — | — |
| ROA | 4.0% | 4.0% | 6.1% | 8.1% | 12.9% | 6.0% | 6.7% | -2.4% | -17.0% | -8.8% | 2.0% |
| ROIC | 14.3% | 14.3% | 19.9% | 21.5% | 30.0% | 22.9% | 15.9% | 11.8% | 2.0% | -7.4% | 10.1% |
| ROCE | 18.5% | 18.5% | 24.2% | 26.0% | 36.6% | 28.8% | 20.2% | 14.7% | 2.5% | -9.0% | 12.4% |
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 | — | — | — | — | — | — | — | — | — | — | — |
| Debt / EBITDA | 4.37 | 4.37 | 3.65 | 3.51 | 3.10 | 4.13 | 6.18 | 7.44 | 13.30 | — | 6.58 |
| Net Debt / Equity | — | — | — | — | — | — | — | — | — | — | — |
| Net Debt / EBITDA | 4.08 | 4.08 | 3.23 | 3.35 | 2.98 | 3.85 | 5.13 | 7.00 | 12.42 | — | 5.77 |
| Debt / FCF | — | 7.64 | 7.51 | 9.40 | 20.80 | 28.27 | 19.00 | — | — | — | 5.80 |
| Interest Coverage | 1.69 | 1.69 | 1.84 | 2.28 | 2.66 | 1.94 | 1.51 | 0.94 | 0.18 | -0.90 | 1.58 |
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 | 2.44 | 2.44 | 2.69 | 3.34 | 2.46 | 2.25 | 2.68 | 2.21 | 2.05 | 2.59 | 2.62 |
| Quick Ratio | 2.44 | 2.44 | 2.69 | 3.34 | 2.46 | 2.25 | 2.68 | 2.21 | 2.05 | 2.59 | 2.62 |
| Cash Ratio | 0.26 | 0.26 | 0.44 | 0.25 | 0.16 | 0.32 | 1.01 | 0.45 | 0.49 | 0.67 | 1.05 |
| Asset Turnover | — | 1.35 | 1.37 | 1.51 | 1.60 | 1.40 | 1.17 | 1.31 | 1.23 | 0.96 | 1.17 |
| 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 | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | 139.3% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 6.1% | 8.5% | 5.5% | 10.5% | 8.6% | 7.3% | 32.8% | — | — | — | 2.4% |
| FCF Yield | 17.7% | 23.6% | 9.6% | 12.1% | 3.2% | 4.7% | 30.3% | — | — | — | 20.4% |
| Buyback Yield | 0.0% | — | — | — | — | — | — | — | — | — | — |
| Total Shareholder Yield | 0.0% | — | — | — | — | — | — | — | — | — | — |
| Shares Outstanding | — | $12M | $12M | $12M | $12M | $12M | $11M | $11M | $11M | $11M | $11M |
Physical card obsolescence risk
Based on current market data, PMTS trades at a forward P/E of 8.75 and an EV/EBITDA of 5.29, suggesting that investors are heavily discounting the company's future earnings potential compared to broader financial services peers, likely due to concerns regarding the long-term durability of physical card issuance.
The low valuation multiples indicate that the market is pricing in a terminal decline rather than the current revenue expansion observed in recent quarters. This valuation gap warrants investigation into whether the market is misjudging the stickiness of the company's instant-issuance service model versus its commodity manufacturing peers.
As reported in financial statements, the company's ROIC has struggled to gain momentum, hovering between 2.6% and 5.6% over the last ten quarters, which suggests that the firm is failing to generate returns significantly above its cost of capital despite its specialized niche in the community banking sector.
The persistent low ROIC appears to be a function of both thin net margins and a heavy asset base required for secure manufacturing. Investors should monitor whether management can improve capital efficiency through higher-margin service offerings or if the capital-intensive nature of the business will continue to suppress returns.
According to recent SEC filings, the company's DSO has remained relatively stable, fluctuating between 49 and 59 days, which indicates that while the firm maintains a consistent collection cycle, its overall cash conversion efficiency is frequently disrupted by the lumpy nature of inventory and prepaid segment demand.
The lack of consistent improvement in asset turnover, which has stayed near 0.35x, suggests that the company is not yet achieving the operational leverage expected from its scale. This inefficiency implies that the firm remains highly sensitive to the timing of raw material procurement and the subsequent fulfillment of card orders.
Based on the provided quarterly data, the company's debt-to-EBITDA ratio has remained elevated, peaking at 21.59 in 2025Q2, which highlights a significant reliance on leverage that leaves the firm with limited room for error in a volatile interest rate environment or during periods of operational stress.
The interest coverage ratio, which has dipped as low as 1.06, suggests that the company's ability to service its debt is precarious and highly dependent on maintaining stable EBITDA. This leverage profile appears to be a primary factor in the company's strained balance sheet signal and warrants close monitoring of refinancing risks.
The most commonly misapplied metric for PMTS is the P/E ratio, which obscures the company's true earning power by failing to account for the significant non-cash amortization of intangible assets and the lumpy nature of capital expenditures inherent in its secure card issuance business model.
Analysts should instead focus on EV/EBITDA or P/FCF to better capture the cash-generating capacity of the business, as these metrics normalize for the capital structure and non-cash charges. Relying on P/E alone may lead to an overly pessimistic view of the company's valuation by ignoring the underlying cash flow durability of its service-oriented revenue streams.
Includes 30+ ratios · 13 years · Updated daily
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Quick answers to the most common questions about buying PMTS stock.
CPI Card Group Inc.'s current P/E ratio is 16.3x. The historical average is 15.6x. This places it at the 71th percentile of its historical range.
CPI Card Group Inc.'s current EV/EBITDA is 7.1x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 8.1x.
Based on historical data, CPI Card Group Inc. is trading at a P/E of 16.3x. This is at the 71th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
CPI Card Group Inc. has 31.3% gross margin and 10.1% operating margin. Operating margin between 10-20% is typical for established companies.
CPI Card Group Inc.'s Debt/EBITDA ratio is 4.4x, indicating high leverage. A ratio above 4x may signal elevated financial risk.