Latest Ratios: P/E Ratio -0.8x · EV/EBITDA N/A · ROE N/A. (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 | $14M | $23M | $153M | — | — | — |
| Enterprise Value | $14M | $23M | $162M | — | — | — |
| P/E Ratio → | -0.80 | — | — | — | — | — |
| P/S Ratio | — | — | — | — | — | — |
| P/B Ratio | — | — | — | — | — | — |
| 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 | — | — | — | — | — | — |
| 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 | — | — | — | — | — | — |
| Operating Margin | — | — | — | — | — | — |
| Net Profit Margin | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| ROE | — | — | — | -2.7% | 5.3% | 1.7% |
| ROA | -151.2% | -151.2% | -394.4% | -2.5% | 5.0% | 1.6% |
| ROIC | — | — | — | -1.4% | -0.5% | — |
| ROCE | — | — | — | -1.8% | -0.7% | -1.2% |
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 | — |
| Debt / EBITDA | — | — | — | — | 0.05 | — |
| Net Debt / Equity | — | — | — | — | 0.00 | -0.00 |
| Net Debt / EBITDA | — | — | — | — | 0.05 | -0.18 |
| Debt / FCF | — | — | — | — | — | — |
| Interest Coverage | -30.93 | -30.93 | -2.11 | -483.62 | — | — |
Net cash position: cash ($3M) exceeds total debt ($3M)
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Current Ratio | 0.28 | 0.28 | 0.09 | 1.75 | 0.03 | 0.37 |
| Quick Ratio | 0.28 | 0.28 | 0.09 | 1.75 | 0.03 | 0.37 |
| Cash Ratio | 0.24 | 0.24 | 0.04 | 0.83 | 0.03 | 0.30 |
| Asset Turnover | — | — | — | — | — | — |
| 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 |
|---|---|---|---|---|---|---|
| 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 | — | $7M | $4M | $4M | $4M | $4M |
Imminent capital funding shortfall
Based on reported financial data, SDST's ROIC has remained consistently negative, reaching -17.0% in 2023Q4, which highlights the company's inability to generate returns on invested capital while it remains in the pre-revenue, capital-intensive construction phase of its Muskogee lithium refinery project.
The persistent negative ROIC underscores that the company is currently consuming capital rather than compounding it, a common trait for development-stage industrial entities. Investors should monitor whether the eventual transition to operational status can reverse this trend or if the high cost of infrastructure will continue to suppress returns relative to peers.
According to recent SEC filings, the company's current ratio has deteriorated to 0.12 as of 2026Q1, indicating a severe inability to cover short-term liabilities with existing liquid assets and suggesting that the firm is operating under extreme financial pressure as it approaches its next major funding milestone.
The rapid decline in the current ratio from 1.75 in 2023Q4 to 0.12 in 2026Q1 suggests that the company's cash reserves are being depleted faster than they are being replenished. This liquidity profile warrants close investigation, as it implies that the company may be forced to seek emergency financing or highly dilutive capital injections to maintain its current development trajectory.
As reported in financial statements, the company's negative equity position, which reached -$7.9 million in 2026Q1, combined with its reliance on debt, creates a vulnerable capital structure that leaves little room for operational errors or delays in the construction of the Muskogee facility.
The absence of positive equity suggests that the company is effectively insolvent on a book-value basis, relying entirely on the market's willingness to fund future growth. This leverage profile is particularly concerning given the lack of revenue, as there is no operational cash flow to service debt obligations or provide a buffer against potential cost overruns.
Based on a comparison with peers like Lithium Americas (LAC) and Standard Lithium (SLI), SDST's current financial profile appears significantly more strained, as evidenced by its negative equity and lower liquidity ratios compared to the broader group of North American development-stage lithium processors.
While peers also face negative profitability, SDST's specific liquidity constraints appear more acute, suggesting that the market may be pricing in a higher probability of near-term dilution. The gap between SDST and its peers is likely structural, driven by the company's earlier stage of development and its lack of a substantial, revenue-producing asset base.
Investors frequently misapply traditional valuation multiples like P/E or EV/EBITDA to SDST, which obscures the reality that the company is a pre-revenue development project where the most relevant metric is the progress of construction and the preservation of cash runway.
Using earnings-based multiples for a company with no revenue and negative margins is fundamentally flawed and provides no insight into the company's actual value. Instead, analysts should focus on the 'Construction in Progress' asset account and the 'Cash Burn Rate' to determine how much longer the company can operate before requiring additional capital.
Includes 30+ ratios · 5 years · Updated daily
DCF models, multiple analysis, and analyst estimates.
10-year return with dividends reinvested.
See how regular investing compounds over time.
Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying SDST stock.
Stardust Power Inc.'s current P/E ratio is -0.8x. This places it at the 50th percentile of its historical range.
Based on historical data, Stardust Power Inc. is trading at a P/E of -0.8x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.