Latest Ratios: P/E Ratio -1.3x · EV/EBITDA N/A · ROE -98.7%. (2021–2025 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 |
|---|---|---|---|---|---|---|
| Market Cap | $17M | $7M | $10M | — | — | — |
| Enterprise Value | $13M | $2M | $4M | — | — | — |
| P/E Ratio → | -1.27 | — | — | — | — | — |
| P/S Ratio | 1.76 | 0.57 | 1.09 | — | — | — |
| P/B Ratio | 0.71 | 0.22 | 2.53 | — | — | — |
| 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 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.17 | 0.49 | — | — | — |
| 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 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Gross Margin | 25.7% | 25.7% | 23.2% | 21.4% | -8.7% | 2.8% |
| Operating Margin | -139.7% | -139.7% | -207.8% | -135.7% | -34.2% | 2.8% |
| Net Profit Margin | -141.5% | -141.5% | -208.4% | -148.0% | -55.8% | -19.9% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| ROE | -98.7% | -98.7% | -482.2% | — | — | — |
| ROA | -74.7% | -74.7% | -261.2% | -269.5% | -122.9% | -33.4% |
| ROIC | -102.7% | -102.7% | — | — | — | — |
| ROCE | -97.2% | -97.2% | -469.8% | — | -3176.8% | — |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Debt / Equity | 0.00 | 0.00 | 0.03 | — | — | — |
| Debt / EBITDA | — | — | — | — | — | 1.12 |
| Net Debt / Equity | — | -0.15 | -1.39 | — | — | — |
| Net Debt / EBITDA | — | — | — | — | — | -4.79 |
| Debt / FCF | — | — | — | — | — | — |
| Interest Coverage | -3495.20 | -3495.20 | -241.53 | -27.85 | -25.51 | -13.24 |
Net cash position: cash ($5M) exceeds total debt ($59000)
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Current Ratio | 5.63 | 5.63 | 1.60 | 0.35 | 0.89 | 0.86 |
| Quick Ratio | 5.63 | 5.63 | 1.60 | 0.35 | 0.89 | 0.86 |
| Cash Ratio | 0.79 | 0.79 | 1.08 | 0.13 | 0.71 | 0.68 |
| Asset Turnover | — | 0.33 | 0.99 | 1.67 | 2.04 | 1.68 |
| Inventory Turnover | — | — | — | — | — | — |
| Days Sales Outstanding | — | 326.04 | 6.28 | 8.55 | 9.68 | 11.90 |
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 |
|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | — |
| FCF Yield | — | — | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | — | — | — |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | — | — | — |
| Shares Outstanding | — | $27M | $21M | $19M | $12M | $12M |
Imminent liquidity and solvency
As reported in recent financial filings, Ryde trades at a price-to-sales ratio of 1.76, a valuation that appears disconnected from the company's negative net margins and suggests investors are pricing in a speculative turnaround rather than current fundamental performance metrics.
The lack of a positive P/E or EV/EBITDA multiple reflects the company's inability to generate consistent earnings, forcing the market to rely on revenue-based multiples. This valuation approach may be overly optimistic given the company's history of volatile margins and the significant capital required to sustain its current growth trajectory.
Based on the company's reported figures, the return on invested capital has remained deeply negative, reaching -45.8% in 2025Q4, which indicates that every dollar of capital deployed is currently destroying shareholder value rather than compounding it over time.
The consistent decay in ROIC highlights a fundamental structural issue where the cost of acquiring and retaining users exceeds the lifetime value generated by the platform. Without a significant shift toward operational efficiency, the company appears to be trapped in a cycle of capital consumption that prevents any meaningful return on invested capital.
According to quarterly data, Ryde's asset turnover ratio has remained low at 0.23 in 2025Q4, suggesting that the company's asset base is not being utilized effectively to drive revenue growth compared to its historical performance.
The high variability in days sales outstanding, which reached 98 days in the most recent quarter, indicates potential challenges in collecting revenue from its transactional model. This inefficiency in working capital management further exacerbates the company's liquidity constraints and limits its ability to self-fund operations.
As indicated by the company's financial statements, the current ratio of 5.63 in 2025Q4 may provide a misleading sense of security, as the underlying cash position of only $5 million is insufficient to cover the ongoing operating losses observed in recent periods.
Investors should monitor the company's ability to manage its short-term obligations, as the high current ratio is likely distorted by the timing of current asset recognition. The lack of a robust cash cushion leaves the company highly vulnerable to any unexpected shocks in driver supply or regulatory costs.
Market participants often overemphasize the 39.73% revenue growth rate, which, as reported in recent filings, obscures the fact that this expansion is likely driven by unsustainable incentive spending rather than genuine, high-quality platform adoption.
Using revenue growth as a primary indicator of success for this business model is misleading because it ignores the high cost of customer acquisition and the negative take rates inherent in the current strategy. A more appropriate metric would be contribution margin per trip, which would better reflect the true economic viability of the platform's transactions.
Includes 30+ ratios · 5 years · Updated daily
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Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying RYDE stock.
Ryde Group Ltd.'s current P/E ratio is -1.3x. This places it at the 50th percentile of its historical range.
Ryde Group Ltd.'s return on equity (ROE) is -98.7%. The historical average is -290.4%.
Based on historical data, Ryde Group Ltd. is trading at a P/E of -1.3x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Ryde Group Ltd. has 25.7% gross margin and -139.7% operating margin.