Latest Ratios: P/E Ratio -17.4x · EV/EBITDA N/A · ROE -29.0%. (2020–2026 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|---|
| Market Cap | $8.0B | $4.6B | $7.5B | $7.9B | $4.2B | $7.8B | — | — |
| Enterprise Value | $7.9B | $4.5B | $7.4B | $7.7B | $4.1B | $6.1B | — | — |
| P/E Ratio → | -17.41 | — | — | — | — | — | — | — |
| P/S Ratio | 8.02 | 4.61 | 9.18 | 12.72 | 9.93 | 38.03 | — | — |
| P/B Ratio | 5.48 | 3.21 | 4.52 | 4.96 | 2.53 | 4.72 | — | — |
| P/FCF | 105.81 | 60.80 | 1143.77 | — | — | — | — | — |
| P/OCF | 104.83 | 60.23 | 223.55 | — | — | — | — | — |
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 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 4.45 | 8.97 | 12.35 | 9.67 | 30.02 | — | — |
| EV / EBITDA | — | — | — | — | — | — | — | — |
| EV / EBIT | — | — | — | — | — | — | — | — |
| EV / FCF | — | 58.76 | 1118.36 | — | — | — | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 73.2% | 73.2% | 74.3% | 71.3% | 65.8% | 60.1% | 57.7% | 60.6% |
| Operating Margin | -30.9% | -30.9% | -40.1% | -60.9% | -95.4% | -130.5% | -124.1% | -161.3% |
| Net Profit Margin | -45.0% | -45.0% | -35.1% | -54.5% | -89.7% | -132.4% | -126.3% | -164.8% |
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|---|
| ROE | -29.0% | -29.0% | -17.7% | -20.8% | -22.9% | -40.8% | — | — |
| ROA | -18.6% | -18.6% | -12.2% | -14.8% | -17.6% | -21.2% | -37.1% | -68.1% |
| ROIC | -16.6% | -16.6% | -17.3% | -19.5% | -38.8% | -1897.2% | — | — |
| ROCE | -17.8% | -17.8% | -18.7% | -21.5% | -22.7% | -24.8% | -53.4% | -184.2% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 | 0.02 | — | — |
| Debt / EBITDA | — | — | — | — | — | — | — | — |
| Net Debt / Equity | — | -0.11 | -0.10 | -0.15 | -0.07 | -0.99 | — | — |
| Net Debt / EBITDA | — | — | — | — | — | — | — | — |
| Debt / FCF | — | -2.04 | -25.41 | — | — | — | — | — |
| Interest Coverage | — | — | -1645.82 | -272.71 | -209.00 | -342.20 | -82.59 | -36.88 |
Net cash position: cash ($170M) exceeds total debt ($15M)
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.39 | 1.39 | 1.74 | 2.20 | 1.93 | 6.46 | 3.60 | 1.24 |
| Quick Ratio | 1.39 | 1.39 | 1.74 | 2.20 | 1.85 | 6.36 | 3.49 | 1.12 |
| Cash Ratio | 0.83 | 0.83 | 1.18 | 1.57 | 1.32 | 5.94 | 3.07 | 0.64 |
| Asset Turnover | — | 0.41 | 0.34 | 0.27 | 0.19 | 0.10 | 0.18 | 0.41 |
| Inventory Turnover | — | — | — | — | 3.80 | 2.97 | 2.67 | 2.17 |
| Days Sales Outstanding | — | 105.38 | 104.87 | 125.94 | 130.97 | 180.88 | 154.21 | 243.43 |
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 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | — | — | — |
| FCF Yield | 0.9% | 1.6% | 0.1% | — | — | — | — | — |
| Buyback Yield | 2.5% | 4.3% | 0.0% | 0.0% | 0.0% | 0.0% | — | — |
| Total Shareholder Yield | 2.5% | 4.3% | 0.0% | 0.0% | 0.0% | 0.0% | — | — |
| Shares Outstanding | — | $330M | $315M | $295M | $278M | $174M | $215M | $215M |
Includes 30+ ratios · 7 years · Updated daily
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10-year return with dividends reinvested.
Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying S stock.
SentinelOne, Inc.'s current P/E ratio is -17.4x. This places it at the 50th percentile of its historical range.
SentinelOne, Inc.'s return on equity (ROE) is -29.0%. The historical average is -26.2%.
Based on historical data, SentinelOne, Inc. is trading at a P/E of -17.4x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
SentinelOne, Inc. has 73.2% gross margin and -30.9% operating margin.
Key Metrics
Top Statement Risk
Liquidity risk from persistent cash burn
Metrics are mathematically derived from official filings.
Premium Valuation on Negative Earnings
SentinelOne trades at a forward P/E of 104.69 and a P/S of 6.69, reflecting a significant premium to its own historical multiples and suggesting the market is pricing in a successful transition to profitability that has yet to materialize.
The forward P/E of 104.69 is particularly striking given the company's current negative net margin of -32.0%, indicating that the valuation is entirely predicated on future earnings growth. Compared to CrowdStrike's negative P/E, SentinelOne's multiple suggests a relative premium, but this must be weighed against its smaller scale and lower growth trajectory. The P/S ratio of 6.69, while elevated, is more moderate for a high-growth cybersecurity firm, but the disconnect between this and the forward P/E highlights the market's expectation of a significant margin expansion.
Gross Margin Compression Undermines Path to Profit
Gross margins have compressed from 75.6% in 2026Q4 to 72.1% in 2027Q2, a trend that, when combined with a -22.4% operating margin, suggests the company's cost structure is not yet optimized for its current revenue scale.
The 350 basis point decline in gross margin over two quarters is a critical development, as it directly erodes the foundation needed to cover the company's substantial R&D and sales & marketing expenses. This compression may indicate rising cloud infrastructure costs or a less favorable revenue mix, both of which are headwinds to achieving operating leverage. The operating margin, while improved from -38.2% a year ago, remains deeply negative, confirming that the path to profitability is not yet on a sustainable trajectory.
Negative Returns Reflect Pre-Scale Economics
Return on Invested Capital (ROIC) has remained consistently negative, averaging -4.3% over the last ten quarters, indicating that the company is still in a phase of heavy investment where capital deployed is not yet generating positive economic returns.
The persistent negative ROIC, which has shown only marginal improvement from -4.3% to -3.9%, underscores the fundamental challenge of the current business model: the company is investing heavily in growth without yet achieving the scale to generate returns above its cost of capital. This trend is mirrored by the negative ROE, which has fluctuated but remains deeply negative, confirming that shareholder capital is being consumed rather than compounded. Until operating margins turn positive, these returns are likely to remain depressed.
Working Capital Swings Obscure Underlying Efficiency
Days Sales Outstanding (DSO) has been volatile, ranging from 63 to 84 days over the past ten quarters, suggesting inconsistent collection cycles that create noise in the company's cash conversion profile.
The lack of a clear trend in DSO, coupled with the absence of inventory data, makes it difficult to assess true operational efficiency. The company's asset turnover ratio of 0.12 is extremely low, reflecting its asset-light, software-driven model where revenue is generated from intellectual property rather than physical assets. The primary efficiency lever appears to be the management of deferred revenue and accounts payable, but the volatility in DSO suggests that working capital management is not yet a source of consistent cash generation.
Cash Position Tightens Against Operating Burn
With a current ratio of 1.45 and a cash balance of $169.6M against a quarterly net loss of $93.4M, the company's liquidity position appears constrained and may necessitate capital markets access if the operating burn is not curtailed.
The current ratio of 1.45, while technically adequate, is misleading because it includes a significant amount of goodwill and intangible assets that cannot be readily converted to cash. The more critical metric is the cash burn rate; at the current quarterly net loss, the cash position could be depleted within a few quarters without a significant improvement in operating cash flow or an infusion of capital. This tight liquidity position increases the company's vulnerability to any operational missteps or market downturns.
The Misleading Signal of the Current Ratio
The current ratio of 1.45 is the most commonly misapplied ratio to SentinelOne's business model, as it overstates liquidity by including goodwill and intangible assets that are illiquid and not available to cover short-term obligations.
For a software company with an asset-light profile, the current ratio is a poor measure of financial health because it fails to account for the composition of current assets. A more appropriate metric would be the quick ratio, which excludes inventory, but even this is of limited use given the company's lack of physical inventory. Analysts should instead focus on the cash balance relative to the quarterly cash burn rate and the size of the deferred revenue liability, which represents a future performance obligation. The current ratio provides a false sense of security that obscures the real liquidity risk posed by the company's persistent cash burn.