Latest Ratios: P/E Ratio -0.5x · EV/EBITDA 3.7x · ROE 35.0%. (2007–2025 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 | $65M | $76.4B | $107M | $46M | $681491 | $15M | $2M | $9M | $14M | $11M | $12M |
| Enterprise Value | $436M | $76.8B | $148M | $33M | $7M | $17M | $5M | $10M | $15M | $10M | $9M |
| P/E Ratio → | -0.49 | — | — | — | — | — | — | — | — | — | — |
| P/S Ratio | 0.27 | 316.34 | 13.47 | — | — | 39.71 | 5.34 | 0.82 | 0.98 | 0.70 | 0.54 |
| P/B Ratio | 232.11 | 587.21 | 2.03 | 1.13 | — | 3.50 | — | — | — | — | 5.95 |
| P/FCF | — | — | — | — | — | — | — | — | — | — | — |
| P/OCF | 0.42 | 496.70 | — | — | — | — | — | — | — | — | — |
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 | — | 317.88 | 18.68 | — | — | 47.05 | 13.01 | 0.99 | 1.09 | 0.66 | 0.39 |
| EV / EBITDA | 3.70 | 651.50 | — | — | — | — | — | — | — | — | — |
| EV / EBIT | 6.32 | 934.18 | — | — | — | — | — | — | — | — | — |
| 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 | 50.1% | 50.1% | 60.4% | — | — | 23.8% | 44.1% | -4.7% | 18.9% | 0.1% | 28.8% |
| Operating Margin | 28.5% | 28.5% | -334.0% | — | — | -4924.4% | -551.7% | -17.6% | -6.8% | -35.4% | -5.2% |
| Net Profit Margin | 13.3% | 13.3% | -515.3% | — | — | -4670.2% | -470.5% | -20.4% | -18.8% | -38.0% | -6.9% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 35.0% | 35.0% | -88.0% | -470.1% | — | -411.4% | — | — | — | — | -92.1% |
| ROA | 5.8% | 5.8% | -40.4% | -300.6% | -4.6% | -217.6% | -63.3% | -76.1% | -101.3% | -130.7% | -25.0% |
| ROIC | 17.2% | 17.2% | -28.5% | -61.5% | -7.1% | -345.4% | — | — | — | -943.1% | -39.9% |
| ROCE | 15.1% | 15.1% | -39.6% | -97.2% | -117.5% | -1317.2% | — | — | — | — | -53.1% |
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 | 2.85 | 2.85 | 0.88 | 0.00 | — | 1.31 | — | — | — | — | 0.50 |
| Debt / EBITDA | 3.14 | 3.14 | — | — | — | — | — | — | — | — | — |
| Net Debt / Equity | — | 2.85 | 0.78 | -0.32 | — | 0.65 | — | — | — | — | -1.63 |
| Net Debt / EBITDA | 3.14 | 3.14 | — | — | — | — | — | — | — | — | — |
| Debt / FCF | — | — | — | — | — | — | — | — | — | — | — |
| Interest Coverage | 2.88 | 2.88 | -33.91 | -507.37 | — | -15.34 | -3.55 | -6.10 | -0.56 | -13.51 | -55.95 |
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 | 0.63 | 0.63 | 0.29 | 2.50 | 0.38 | 1.79 | 0.31 | 0.42 | 0.29 | 0.44 | 2.05 |
| Quick Ratio | 0.63 | 0.63 | 0.29 | 2.50 | 0.38 | 1.79 | 0.31 | 0.42 | 0.29 | 0.44 | 2.05 |
| Cash Ratio | 0.00 | 0.00 | 0.08 | 2.41 | 0.02 | 0.46 | 0.27 | 0.36 | 0.14 | 0.28 | 1.61 |
| Asset Turnover | — | 0.26 | 0.05 | — | — | 0.03 | 0.15 | 3.06 | 6.24 | 5.12 | 3.89 |
| 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 | — | — | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | — | — | — | — | — | — |
| FCF Yield | — | — | — | — | — | — | — | — | — | — | — |
| Buyback Yield | 0.8% | — | — | — | — | — | — | — | — | — | — |
| Total Shareholder Yield | 0.8% | — | — | — | — | — | — | — | — | — | — |
| Shares Outstanding | — | $45.2B | $15M | $5M | $428611 | $166433 | $122736 | $122736 | $120519 | $119936 | $92357 |
Existential liquidity and solvency
As reported in recent financial statements, Prairie Operating Co. maintains a gross margin of 52.1% as of 2026Q1, yet the net margin remains deeply negative at -183.0%, suggesting that high corporate overhead and non-operating charges are severely eroding the profitability of its core hydrocarbon extraction activities.
While the gross margin appears competitive for a small-cap E&P operator, the massive disparity between gross and net profitability indicates that the company is struggling to achieve the scale necessary to cover its fixed cost base. Investors should monitor whether the company can rationalize its SG&A expenses, as the current structure appears unsustainable without significant production growth.
Based on the company's reported figures, ROIC has fluctuated wildly from -48.0% in 2023Q4 to a positive 4.0% in 2026Q1, reflecting the extreme difficulty in compounding returns during a period of rapid asset acquisition and business model transformation within the DJ Basin.
The recent positive ROIC trend warrants further investigation, as it may be driven by accounting adjustments rather than genuine operational efficiency. Given the company's history of negative returns, this metric remains a lagging indicator that does not yet confirm a durable competitive advantage or successful capital allocation strategy.
According to quarterly data, the company's asset turnover ratio has remained stagnant at approximately 0.09, suggesting that the massive influx of capital into property, plant, and equipment has yet to translate into a proportional increase in revenue generation capacity for the firm.
This low turnover ratio implies that the company is currently in a heavy capital-deployment phase where assets are not yet fully optimized for production. The lack of improvement in this metric suggests that management may be over-capitalized relative to its current operational output, creating a drag on overall efficiency.
As indicated by the most recent SEC filings, the debt-to-equity ratio has reached an extreme 1222.15, signaling that the company's aggressive expansion is almost entirely financed by debt, which leaves the firm highly vulnerable to interest rate fluctuations and potential covenant breaches in the near term.
The interest coverage ratio of -22.31 in 2026Q1 highlights a critical inability to service debt obligations through operating income alone. This leverage profile suggests that the company is operating in a state of financial distress, necessitating either a major equity raise or a restructuring of its existing debt obligations to avoid insolvency.
The market's reliance on P/E multiples for Prairie Operating Co. is fundamentally flawed, as the company's earnings are currently distorted by non-recurring restructuring costs and the transition from crypto-mining, which obscures the true cash-generating potential of its underlying DJ Basin energy assets.
Analysts should instead focus on EV/PV10 or EV/EBITDA metrics to better assess the value of the company's proved reserves and operational cash flow. Using P/E for a company in this stage of development leads to misleading valuation conclusions that ignore the significant capital intensity and debt-heavy nature of the business model.
Includes 30+ ratios · 19 years · Updated daily
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Quick answers to the most common questions about buying PROP stock.
Prairie Operating Co.'s current P/E ratio is -0.5x. The historical average is 43.1x.
Prairie Operating Co.'s current EV/EBITDA is 3.7x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 34.4x.
Prairie Operating Co.'s return on equity (ROE) is 35.0%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is -163.3%.
Based on historical data, Prairie Operating Co. is trading at a P/E of -0.5x. Compare with industry peers and growth rates for a complete picture.
Prairie Operating Co. has 50.1% gross margin and 28.5% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
Prairie Operating Co.'s Debt/EBITDA ratio is 3.1x, indicating high leverage. A ratio between 2-4x is manageable but warrants monitoring.