Latest Ratios: P/E Ratio -0.7x · EV/EBITDA N/A · ROE -117.3%. (2001–2025 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 | $7M | $6M | $3M | $7M | $15M | $25M | $10M | $35M | $3M | $8M | $15M |
| Enterprise Value | $5M | $3M | $459320 | $6M | $14M | $19M | $14M | $32M | $-1816224 | $13M | $15M |
| P/E Ratio → | -0.74 | — | — | — | — | — | — | — | — | — | — |
| P/S Ratio | 0.61 | 0.50 | 0.24 | 0.53 | 0.99 | 4.34 | 1.14 | 69.10 | 0.16 | 0.92 | 2.52 |
| P/B Ratio | 0.75 | 1.33 | 1.00 | 1.77 | 0.96 | 0.59 | — | 7.62 | 0.37 | 1.11 | 0.99 |
| P/FCF | — | — | — | — | — | — | — | — | 9.18 | — | — |
| P/OCF | — | — | — | — | — | — | — | — | 7.81 | — | — |
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 | — | 0.28 | 0.03 | 0.46 | 0.96 | 3.42 | 1.57 | 62.66 | -0.11 | 1.52 | 2.43 |
| EV / EBITDA | — | — | — | — | — | — | — | — | -0.66 | — | — |
| EV / EBIT | — | — | — | — | — | — | — | — | — | — | — |
| EV / FCF | — | — | — | — | — | — | — | — | -6.37 | — | — |
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 | 58.0% | 58.0% | 51.7% | 13.6% | 40.0% | 42.4% | 80.8% | 5.6% | 61.1% | 45.6% | 47.1% |
| Operating Margin | -40.9% | -40.9% | -85.3% | -150.0% | -217.3% | -283.1% | -89.6% | -3498.3% | 12.2% | -113.5% | -520.7% |
| Net Profit Margin | -39.0% | -39.0% | -73.6% | -122.2% | -217.9% | -192.1% | -112.5% | -3551.3% | -68.7% | -120.7% | -532.0% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -117.3% | -117.3% | -284.2% | -173.7% | -113.0% | -57.2% | -3072.4% | -306.0% | -157.3% | -94.1% | -106.5% |
| ROA | -71.6% | -71.6% | -119.7% | -101.2% | -92.0% | -37.7% | -101.4% | -163.9% | -65.4% | -42.4% | -84.5% |
| ROIC | -313.4% | -313.4% | -509.4% | -170.6% | -93.6% | -65.4% | -899.9% | -654.9% | 19.8% | -54.8% | -86.9% |
| ROCE | -117.8% | -117.8% | -251.6% | -172.0% | -107.4% | -64.3% | -101.2% | -193.4% | 15.4% | -49.7% | -91.0% |
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 | 0.04 | 0.04 | 0.09 | 0.18 | 0.10 | 0.02 | — | 0.61 | 0.37 | 1.25 | 0.54 |
| Debt / EBITDA | — | — | — | — | — | — | — | — | 0.98 | — | — |
| Net Debt / Equity | — | -0.58 | -0.87 | -0.21 | -0.02 | -0.12 | — | -0.71 | -0.62 | 0.72 | -0.03 |
| Net Debt / EBITDA | — | — | — | — | — | — | — | — | -1.62 | — | — |
| Debt / FCF | — | — | — | — | — | — | — | — | -15.55 | — | — |
| Interest Coverage | -4752.00 | -4752.00 | -1037.20 | -1001.48 | -1557.69 | -2.66 | -3.87 | -1074.38 | -18.58 | -10.76 | -45.58 |
Net cash position: cash ($3M) exceeds total debt ($192000)
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 | 4.14 | 4.14 | 1.80 | 1.22 | 2.72 | 4.23 | 2.80 | 3.31 | 5.65 | 1.31 | 3.67 |
| Quick Ratio | 3.25 | 3.25 | 1.20 | 0.65 | 1.57 | 3.55 | 2.12 | 2.67 | 5.05 | 1.04 | 3.24 |
| Cash Ratio | 2.18 | 2.18 | 0.95 | 0.35 | 0.62 | 2.71 | 0.73 | 3.70 | 3.72 | 0.58 | 2.93 |
| Asset Turnover | — | 2.01 | 2.02 | 1.28 | 0.66 | 0.12 | 0.91 | 0.05 | 1.41 | 0.38 | 0.22 |
| Inventory Turnover | 4.39 | 4.39 | 3.39 | 4.56 | 1.67 | 0.86 | 1.09 | 0.43 | 5.62 | 2.72 | 2.20 |
| Days Sales Outstanding | — | 36.49 | 17.08 | 20.36 | 80.64 | 227.20 | 37.02 | 891.58 | 37.56 | 69.39 | 34.90 |
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 | — | — | — | — | — | — | — | — | 10.9% | — | — |
| Buyback Yield | 0.0% | 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% | 0.0% |
| Shares Outstanding | — | $7M | $3M | $646000 | $502499 | $146725 | $106050 | $493842 | $19241 | $9173 | $8251 |
Includes 30+ ratios · 25 years · Updated daily
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Quick answers to the most common questions about buying PRSO stock.
Peraso Inc.'s current P/E ratio is -0.7x. The historical average is 79.5x.
Peraso Inc.'s return on equity (ROE) is -117.3%. The historical average is -67.6%.
Based on historical data, Peraso Inc. is trading at a P/E of -0.7x. Compare with industry peers and growth rates for a complete picture.
Peraso Inc. has 58.0% gross margin and -40.9% operating margin.
Key Metrics
Top Statement Risk
Critical liquidity and dilution
Metrics are mathematically derived from official filings.
Speculative Pricing Amidst Revenue Contraction
As reported in recent financial statements, Peraso's P/S ratio of 0.81 suggests the market is pricing the firm as a distressed asset rather than a growth-stage semiconductor entity, reflecting deep skepticism regarding the company's ability to convert its specialized mmWave IP into a sustainable revenue stream.
The absence of a positive P/E or EV/EBITDA multiple underscores that the company is currently valued solely on its intellectual property option value. Investors should monitor whether this discount to sector peers like Silicon Motion is a permanent re-rating or a temporary mispricing of the company's long-range 60GHz technology potential.
Capital Erosion Through Persistent Losses
Based on the company's reported figures, the ROIC has remained deeply negative, reaching -92.4% in 2026Q1, which indicates that the firm is currently destroying shareholder value rather than compounding it through its heavy investment in specialized wireless infrastructure and packet processing hardware.
The consistent failure to generate positive returns on invested capital suggests that the high R&D intensity required for mmWave development is not yet yielding the necessary commercial scale. This trend warrants further investigation into whether the current capital allocation strategy can ever achieve a positive spread over the company's cost of capital.
Working Capital Volatility Impairs Operations
According to quarterly data, the cash conversion cycle has fluctuated wildly, peaking at 242 days in 2026Q1, which suggests that Peraso faces significant challenges in managing its inventory and receivables relative to its peers in the semiconductor industry.
The high days inventory outstanding, which reached 336 days in the most recent quarter, implies a potential risk of inventory obsolescence as wireless standards evolve. This inefficiency in working capital management appears to be a structural drag on the company's already constrained liquidity position.
Liquidity Buffer Nearing Critical Threshold
As reported in recent SEC filings, the company's cash and equivalents have dwindled to $2.89 million, a precarious level that indicates a high probability of near-term dilutive financing to sustain operations through the next fiscal year given the ongoing negative operating margins.
While the current ratio of 3.34 might appear healthy on the surface, it is heavily influenced by inventory levels that may be difficult to liquidate quickly. The company's reliance on equity-based financing to cover its cash burn suggests that shareholders face a persistent risk of dilution until a revenue inflection occurs.
Misapplication of P/S Valuation Multiples
The P/S ratio is frequently misapplied to Peraso, as it obscures the lumpy nature of non-recurring engineering fees and the legacy MoSys revenue drag, which do not reflect the underlying commercial viability of the company's core mmWave semiconductor and module business.
Analysts should instead focus on the 'Design Win' pipeline and the transition rate to integrated modules, as these metrics provide a more accurate view of future revenue quality. Relying on a simple P/S multiple fails to account for the high probability that current revenue streams may not be representative of long-term sustainable growth.