SES AI Corporation (SES) Financial Ratios
18 years of historical data (2008–2025) · Consumer Cyclical · Auto - Parts
EV/EBITDA
N/A
—
5yr avg: N/A
P/FCF
N/A
—
5yr avg: N/A
P/B Ratio
↑
1.51
↓-34% vs avg
5yr avg: 2.31
30Y Low1.6·High2.8
ROE
↑
-29.6%
-9% vs avg
5yr avg: -27.2%
30Y Low-100%·High239%
Debt/EBITDA
N/A
—
5yr avg: N/A
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
SES Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
SES AI Corporation currently has a negative P/E ratio, indicating the company is operating at a loss on a trailing-twelve-month basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $317M | $596M | $705M | $577M | $908M | $608M | — | — | — | — | — |
| Enterprise Value | $296M | $574M | $587M | $505M | $814M | $448M | — | — | — | — | — |
| P/E Ratio → | -4.46 | — | — | — | — | — | — | — | — | — | — |
| P/S Ratio | 15.10 | 28.36 | 345.49 | — | — | — | — | — | — | — | — |
| P/B Ratio | 1.51 | 2.77 | 2.53 | 1.61 | 2.32 | — | — | — | — | — | — |
| P/FCF | — | — | — | — | — | — | — | — | — | — | — |
| P/OCF | — | — | — | — | — | — | — | — | — | — | — |
P/E links to full P/E history page with 30-year chart
SES EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 27.34 | 287.53 | — | — | — | — | — | — | — | — |
| EV / EBITDA | — | — | — | — | — | — | — | — | — | — | — |
| EV / EBIT | — | — | — | — | — | — | — | — | — | — | — |
| EV / FCF | — | — | — | — | — | — | — | — | — | — | — |
SES Profitability
Margins and return-on-capital ratios measuring operating efficiency
SES AI Corporation earns an operating margin of -393.4%, below the Consumer Cyclical sector average of 2.9%. Operating margins have expanded from -5355.3% to -393.4% over the past 3 years, signaling improving operational efficiency. A negative ROE of -29.6% indicates the company is currently destroying shareholder equity.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 53.8% | 53.8% | 63.1% | — | — | — | — | — | 72.6% | 6.0% | 67.5% |
| Operating Margin | -393.4% | -393.4% | -5355.3% | — | — | — | — | — | -588.2% | -17829.8% | -3482.0% |
| Net Profit Margin | -347.8% | -347.8% | -4911.0% | — | — | — | — | — | -637.4% | -18596.0% | -3206.6% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -29.6% | -29.6% | -31.4% | -14.2% | -33.6% | — | — | — | -97.8% | -100.2% | -41.0% |
| ROA | -24.2% | -24.2% | -27.2% | -12.6% | -16.1% | -28.7% | -45.5% | -58.0% | -64.8% | -79.7% | -32.3% |
| ROIC | -35.1% | -35.1% | -36.7% | -20.1% | -242.0% | — | — | — | -102.5% | -108.5% | -47.1% |
| ROCE | -29.7% | -29.7% | -31.5% | -19.4% | -26.4% | -31.5% | -50.6% | -65.3% | -67.7% | -100.2% | -45.7% |
SES Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
The company holds a net cash position — cash of $30M exceeds total debt of $8M, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.04 | 0.04 | 0.04 | 0.04 | 0.03 | — | — | — | 1.01 | — | — |
| Debt / EBITDA | — | — | — | — | — | — | — | — | — | — | — |
| Net Debt / Equity | — | -0.10 | -0.42 | -0.20 | -0.24 | — | — | — | -0.31 | -0.35 | -0.33 |
| Net Debt / EBITDA | — | — | — | — | — | — | — | — | — | — | — |
| Debt / FCF | — | — | — | — | — | — | — | — | — | — | — |
| Interest Coverage | — | — | — | — | — | — | — | — | -10.20 | -72.20 | -45.48 |
Net cash position: cash ($30M) exceeds total debt ($8M)
SES Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
SES AI Corporation's current ratio of 8.95x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The current ratio has declined from 17.13x to 8.95x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 8.95 | 8.95 | 12.14 | 17.13 | 20.49 | 15.47 | 3.90 | 11.56 | 4.80 | 3.25 | 1.16 |
| Quick Ratio | 8.74 | 8.74 | 12.13 | 17.10 | 20.47 | 15.47 | 3.90 | 11.56 | 4.78 | 3.23 | 1.12 |
| Cash Ratio | 8.26 | 8.26 | 11.51 | 16.33 | 20.15 | 14.61 | 3.80 | 11.34 | 4.21 | 2.83 | 0.92 |
| Asset Turnover | — | 0.08 | 0.01 | — | — | — | — | — | 0.11 | 0.01 | 0.01 |
| Inventory Turnover | 1.88 | 1.88 | 3.55 | 9.93 | 6.78 | — | — | — | 9.83 | 3.30 | 0.36 |
| Days Sales Outstanding | — | 83.13 | 169.98 | — | — | — | — | — | 40.45 | 65.26 | 395.88 |
SES Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
SES AI Corporation returns 0.5% to shareholders annually primarily through share buybacks.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | — | — | — | — | — | — |
| FCF Yield | — | — | — | — | — | — | — | — | — | — | — |
| Buyback Yield | 0.5% | 0.3% | 0.0% | 0.0% | 0.0% | 0.0% | — | — | — | — | — |
| Total Shareholder Yield | 0.5% | 0.3% | 0.0% | 0.0% | 0.0% | 0.0% | — | — | — | — | — |
| Shares Outstanding | — | $331M | $322M | $315M | $288M | $61M | $348M | $348M | $1M | $1M | $1M |
Peer Comparison
Compare SES with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 SESYou | $317M | -4.5 | — | — | 53.8% | -393.4% | -29.6% | -35.1% | — |
 QS | $5B | -10.5 | — | — | — | — | -37.4% | -33.4% | — |
 SLDP | $726865 | -6.6 | — | — | 5.0% | -463.7% | -22.6% | -19.6% | — |
 MVST | $633M | -21.8 | 102.3 | 11.3 | 28.6% | 1.6% | -7.3% | 0.9% | 26.6 |
 CBAT | $71M | 6.1 | 5.2 | 3.1 | 23.7% | 5.0% | 10.1% | 4.6% | 1.7 |
 AMPX | $3B | -63.4 | — | — | 11.3% | -63.9% | -50.8% | -66.4% | — |
 ALB | $23B | -33.5 | 32.3 | 32.8 | 13.1% | 1.8% | -5.1% | 0.6% | 4.4 |
 LAC | $1B | -28.5 | — | — | — | — | -6.1% | -7.1% | — |
 MP | $13B | -145.3 | — | — | -2.4% | -44.6% | -5.0% | -4.7% | — |
 TSLA | $1.5T | 369.0 | 141.6 | 240.4 | 18.0% | 4.6% | 4.8% | 4.5% | 0.8 |
 GM | $71B | 24.1 | 10.3 | 6.4 | 10.9% | 1.6% | 4.2% | 1.3% | 7.4 |
| Consumer Cyclical Median | — | 19.6 | 11.4 | 15.0 | 36.9% | 2.9% | 5.6% | 5.8% | 4.4 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 18 years · Updated daily
See SES's True Return
Price is only half the story. See total return with reinvested dividends.
Launch CalculatorIs SES Undervalued?
DCF intrinsic value, peer multiples, and analyst estimates — see what the stock is really worth.
View ValuationCompare SES vs QS
Side-by-side business, growth, and profitability comparison vs QuantumScape Corporation.
Start ComparisonSES — Frequently Asked Questions
Quick answers to the most common questions about buying SES stock.
What is SES AI Corporation's P/E ratio?
SES AI Corporation's current P/E ratio is -4.5x. This places it at the 50th percentile of its historical range.
What is SES AI Corporation's ROE?
SES AI Corporation's return on equity (ROE) is -29.6%. The historical average is -19.0%.
Is SES stock overvalued?
Based on historical data, SES AI Corporation is trading at a P/E of -4.5x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What are SES AI Corporation's profit margins?
SES AI Corporation has 53.8% gross margin and -393.4% operating margin.