Latest Ratios: P/E Ratio -0.1x · 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 | $1M | $848556 | $1M | — | — | — |
| Enterprise Value | $1M | $766814 | $10M | — | — | — |
| P/E Ratio → | -0.06 | — | — | — | — | — |
| 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 | 0.1% | 0.2% | 0.8% | — | — | — |
| Total Shareholder Yield | 0.1% | 0.2% | 0.8% | — | — | — |
| Shares Outstanding | — | $7M | $4M | $4M | $4M | $4M |
Insolvent capital structure risk
As reported in financial statements, Stardust Power's ROIC has remained deeply negative, reaching -17.0% in 2023Q4, which suggests that the company is currently destroying shareholder value rather than compounding it as it struggles to transition from a development-stage entity to an operational lithium refiner.
The persistent negative return on invested capital reflects the company's inability to generate productive returns on its capital expenditures while the Muskogee facility remains in the construction phase. Investors should monitor whether future capital deployments can achieve positive returns, as the current trend indicates a significant disconnect between capital allocation and operational output.
Based on recent SEC filings, the company's current ratio has deteriorated to 0.12 as of 2026Q1, indicating that Stardust Power possesses minimal liquid assets to cover its immediate obligations, a situation that appears increasingly precarious given the reported $3.48 million cash balance at the end of 2025Q4.
This liquidity profile suggests that the company is highly dependent on external financing to maintain its day-to-day operations and construction milestones. The lack of a buffer against short-term liabilities warrants investigation into the company's ability to avoid insolvency without immediate and potentially dilutive capital raises.
According to comparative market data, Stardust Power's negative ROE and lack of revenue contrast sharply with peers like Lithium Americas, suggesting that the company's current valuation may be unsupported by the operational progress seen in more established, albeit still developing, lithium industry participants.
While peers like Lithium Americas and Standard Lithium also face profitability challenges, their ability to maintain more stable balance sheets highlights the structural gap in Stardust Power's current financial standing. The company appears to lag its peer group in terms of capital efficiency, which may be a permanent disadvantage if it cannot secure non-dilutive funding.
As indicated by the company's pre-revenue status, the use of P/E or EV/EBITDA ratios is fundamentally misapplied to Stardust Power, as these metrics obscure the reality that the company is a speculative development-stage processor rather than a mature industrial entity with predictable earnings power.
Investors should instead focus on metrics such as 'cash runway' and 'project milestone adherence' to evaluate the company's viability. Relying on traditional valuation multiples in this context may lead to a false sense of security regarding the company's ability to generate future cash flows from its refining operations.
Includes 30+ ratios · 5 years · Updated daily
DCF models, multiple analysis, and analyst estimates.
10-year return with dividends reinvested.
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Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying SDSTW stock.
Stardust Power Inc.'s current P/E ratio is -0.1x. 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 -0.1x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.