Latest Ratios: P/E Ratio -2.5x · EV/EBITDA N/A · ROE -299.8%. (2019–2024 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Market Cap | $174M | $1.1B | $118M | $3.9B | — | — | — |
| Enterprise Value | $157M | $1.0B | $116M | $3.9B | — | — | — |
| P/E Ratio → | -2.48 | — | — | — | — | — | — |
| P/S Ratio | 133.68 | 809.54 | 830.85 | 9201.59 | — | — | — |
| P/B Ratio | 4.30 | 59.45 | 42.33 | 468.71 | — | — | — |
| 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 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 796.68 | 814.95 | 9184.51 | — | — | — |
| EV / EBITDA | — | — | — | — | — | — | — |
| EV / EBIT | — | — | — | — | — | — | — |
| 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 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Gross Margin | 34.6% | 34.6% | 57.0% | -57.0% | -4.1% | — | — |
| Operating Margin | -692.6% | -692.6% | -8030.3% | -2549.9% | -1159.1% | — | — |
| Net Profit Margin | -2362.2% | -2362.2% | -7850.7% | -2488.1% | -1150.9% | — | — |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| ROE | -299.8% | -299.8% | -201.7% | -126.7% | — | -202.6% | -103.8% |
| ROA | -231.6% | -231.6% | -136.3% | -141.1% | -152.7% | -101.9% | -83.3% |
| ROIC | -890.9% | -890.9% | -1066.4% | — | — | — | — |
| ROCE | -84.8% | -84.8% | -184.3% | -180.1% | -213.5% | -120.8% | -91.9% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.03 | 0.03 | 0.29 | 0.13 | — | 1.54 | 0.16 |
| Debt / EBITDA | — | — | — | — | — | — | — |
| Net Debt / Equity | — | -0.94 | -0.81 | -0.87 | — | -5.90 | -0.78 |
| Net Debt / EBITDA | — | — | — | — | — | — | — |
| Debt / FCF | — | — | — | — | — | — | — |
| Interest Coverage | -7.02 | -7.02 | — | — | — | -5352.50 | — |
Net cash position: cash ($17M) exceeds total debt ($522000)
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Current Ratio | 7.36 | 7.36 | 1.76 | 6.45 | 1.55 | 3.34 | 8.82 |
| Quick Ratio | 6.87 | 6.87 | 1.39 | 6.49 | 1.22 | 3.34 | 8.82 |
| Cash Ratio | 6.44 | 6.44 | 1.17 | 6.04 | 1.06 | 3.08 | 8.19 |
| Asset Turnover | — | 0.06 | 0.02 | 0.04 | 0.20 | — | — |
| Inventory Turnover | 0.65 | 0.65 | 0.06 | — | 0.07 | — | — |
| Days Sales Outstanding | — | 138.98 | — | 99.70 | 35.76 | — | — |
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 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | — | — |
| FCF Yield | — | — | — | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | — | — | — |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.0% | — | — | — |
| Shares Outstanding | — | $17M | $3M | $14M | $16M | $1M | $1M |
Capital Runway and Dilution
Based on reported financial data, RVSN trades at a price-to-sales ratio of 133.68, a valuation level that appears disconnected from the company's current revenue contraction and suggests investors are pricing in a highly optimistic, yet unproven, long-term transition to a scalable software-based business model.
The current P/S multiple is significantly elevated compared to industrial peers, implying that the market is assigning a premium for potential future technology adoption rather than current operational performance. This valuation warrants caution, as it assumes a rapid conversion of pilot programs into high-margin recurring revenue that has not yet materialized in the financial statements.
As reported in recent financial statements, RVSN's ROIC has fluctuated significantly, reaching -3.2% in 2025Q2, which highlights the company's ongoing struggle to generate meaningful returns on the capital invested into its research-heavy, hardware-intensive product development cycle.
The persistent negative return on capital suggests that the firm is currently in a value-destructive phase, where the cost of developing specialized rail-grade vision systems far exceeds the economic value generated by current commercial deployments. Investors should monitor whether future product iterations can achieve the scale necessary to turn these returns positive, as current trends indicate a reliance on external funding rather than internal compounding.
According to the latest quarterly filings, RVSN's cash conversion cycle remains exceptionally high at 5,518 days, a figure that reflects the company's inability to efficiently manage its inventory and receivables within the current project-based, early-stage commercialization environment.
The extremely high days inventory outstanding (DIO) suggests that the company is holding significant hardware components that are not moving through the sales pipeline at a sufficient velocity. This inefficiency, combined with long collection cycles, indicates that the firm's operational leverage is currently weak and requires substantial improvement to support a sustainable business model.
Based on reported figures, RVSN maintains a current ratio of 9.44 as of 2025Q2, which appears superficially robust but primarily reflects recent equity-based capital injections rather than the efficient conversion of operational assets into liquid working capital to support the business.
While the high current ratio suggests a short-term buffer against insolvency, it does not mitigate the underlying risk posed by the company's consistent cash burn. The liquidity position is highly sensitive to the timing of future capital raises, as the current operational structure remains unable to generate sufficient cash to cover its own overhead.
As indicated by the financial data, the company's low debt-to-equity ratio of 0.02% is frequently misapplied as a sign of financial strength, when in reality it obscures the firm's extreme reliance on dilutive equity financing to offset persistent operational losses.
For a pre-revenue or early-commercialization firm like RVSN, the debt-to-equity ratio is a poor proxy for risk because it ignores the 'cost' of equity dilution that shareholders face. A more appropriate metric for this business model would be the cash runway or the burn-to-cash ratio, which better captures the urgency of the company's need to reach operational break-even before exhausting its current capital base.
Includes 30+ ratios · 6 years · Updated daily
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Quick answers to the most common questions about buying RVSN stock.
Rail Vision Ltd.'s current P/E ratio is -2.5x. This places it at the 50th percentile of its historical range.
Rail Vision Ltd.'s return on equity (ROE) is -299.8%. The historical average is -186.9%.
Based on historical data, Rail Vision Ltd. is trading at a P/E of -2.5x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Rail Vision Ltd. has 34.6% gross margin and -692.6% operating margin.