Latest Ratios: P/E Ratio -0.5x · EV/EBITDA N/A · ROE -66.0%. (2018–2025 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 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $40M | $29M | $43M | $141M | $77M | $175M | $232M | $74M | — |
| Enterprise Value | $-3179724 | $-264549703 | $-204501764 | $-50801737 | $-72011132 | $-65509567 | $8M | $77M | — |
| P/E Ratio → | -0.46 | — | 1.09 | — | 0.40 | 1.03 | 1.32 | 70.76 | — |
| P/S Ratio | 0.22 | 0.02 | 0.03 | 0.10 | 0.04 | 0.11 | 0.19 | — | — |
| P/B Ratio | 0.45 | 0.05 | 0.04 | 0.12 | 0.07 | 0.22 | 0.51 | 0.19 | — |
| P/FCF | 3.90 | 0.42 | 0.64 | 1.38 | 1.40 | 1.52 | 1.51 | 0.32 | — |
| P/OCF | 3.86 | 0.41 | 0.63 | 1.38 | 1.34 | 1.51 | 1.49 | 0.32 | — |
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 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | -0.21 | -0.15 | -0.03 | -0.04 | -0.04 | 0.01 | — | — |
| EV / EBITDA | — | — | -3.64 | -1.34 | -0.44 | -0.38 | 0.04 | — | — |
| EV / EBIT | — | — | -5.21 | — | -0.34 | -0.37 | 0.04 | 73.68 | — |
| EV / FCF | — | -3.80 | -3.02 | -0.50 | -1.30 | -0.57 | 0.05 | 0.34 | — |
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 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 18.3% | 18.3% | 18.0% | 13.2% | 14.5% | 18.2% | 21.5% | — | — |
| Operating Margin | -6.4% | -6.4% | 3.0% | 1.6% | 7.7% | 9.9% | 15.9% | — | — |
| Net Profit Margin | -47.3% | -47.3% | 2.9% | -2.1% | 9.9% | 10.2% | 14.4% | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| ROE | -66.0% | -66.0% | 3.4% | -2.7% | 19.6% | 26.8% | 41.7% | 0.5% | — |
| ROA | -55.5% | -55.5% | 2.8% | -2.1% | 14.9% | 17.9% | 29.0% | 0.5% | -16.6% |
| ROIC | -9.6% | -9.6% | 3.2% | 1.7% | 14.2% | 31.0% | 46.9% | -2.5% | — |
| ROCE | -8.5% | -8.5% | 3.3% | 1.9% | 14.2% | 23.7% | 41.6% | -3.2% | — |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.02 | 0.02 | 0.00 | 0.01 | 0.02 | — | — | 0.01 | — |
| Debt / EBITDA | — | — | 0.09 | 0.34 | 0.15 | — | — | — | 3.47 |
| Net Debt / Equity | — | -0.49 | -0.21 | -0.17 | -0.13 | -0.30 | -0.49 | 0.01 | — |
| Net Debt / EBITDA | — | — | -4.41 | -5.06 | -0.92 | -1.41 | -1.14 | — | 3.00 |
| Debt / FCF | — | -4.21 | -3.66 | -1.88 | -2.70 | -2.09 | -1.46 | 0.01 | 0.02 |
| Interest Coverage | — | — | — | — | — | — | — | — | — |
Net cash position: cash ($308M) exceeds total debt ($14M)
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 3.60 | 3.60 | 3.39 | 2.46 | 2.44 | 2.95 | 1.68 | 0.06 | 0.13 |
| Quick Ratio | 3.60 | 3.60 | 3.39 | 2.46 | 2.44 | 2.95 | 1.68 | 0.06 | 0.13 |
| Cash Ratio | 2.97 | 2.97 | 1.80 | 1.01 | 0.81 | 1.26 | 0.81 | 0.05 | 0.13 |
| Asset Turnover | — | 1.75 | 0.97 | 1.01 | 1.30 | 1.53 | 1.51 | — | — |
| Inventory Turnover | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | 18.26 | 66.63 | 83.21 | 59.66 | 75.47 | 68.16 | — | — |
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 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | 100.0% | — |
| Payout Ratio | — | — | — | — | — | — | — | 10025.1% | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | 91.8% | — | 248.2% | 97.0% | 75.8% | 1.4% | — |
| FCF Yield | 25.6% | 239.9% | 156.7% | 72.2% | 71.6% | 65.6% | 66.4% | 309.8% | — |
| Buyback Yield | 0.0% | 0.0% | 1.7% | 1.9% | 21.3% | 0.0% | 0.0% | 43.8% | — |
| Total Shareholder Yield | 0.0% | 0.0% | 1.7% | 1.9% | 21.3% | 0.0% | 0.0% | 100.0% | — |
| Shares Outstanding | — | $42M | $42M | $41M | $39M | $31M | $27M | $7M | $7M |
Regulatory and competitive erosion
Based on reported figures, Scienjoy trades at a P/S of 0.22 and a P/FCF of 3.90, suggesting that the market is heavily discounting the company's future earnings potential due to persistent revenue declines and the absence of a clear path to sustainable profitability in the current environment.
The valuation multiples appear to reflect a market sentiment that views the company as a distressed asset rather than a growth-oriented technology firm. Investors should monitor whether the current P/B of 0.45 represents a genuine floor or if further asset impairments will continue to erode the book value per share.
As reported in financial statements, Scienjoy's net margin collapsed to -47.28% in the most recent period, highlighting a fundamental inability to scale operations profitably despite the company's multi-platform approach to capturing niche user segments within the highly competitive Chinese live-streaming market.
The persistent gap between gross margins of approximately 18% and deeply negative net margins suggests that fixed costs and administrative overhead are not being adequately covered by the current revenue base. This trend warrants further investigation into whether the company can rationalize its cost structure or if the current business model is structurally incapable of achieving operating leverage.
According to recent quarterly data, the company's ROIC has deteriorated to -42.8% in 2025Q4, indicating that management is currently failing to generate a positive return on invested capital, a sharp reversal from the modest positive returns observed in earlier periods of the company's history.
The decline in ROIC appears to be driven by both shrinking margins and a lack of asset turnover efficiency. This suggests that capital allocation decisions, while conservative in terms of debt usage, have not successfully arrested the erosion of shareholder value in the face of intensifying industry competition.
Based on the provided financial data, the asset turnover ratio has remained low at 0.66, suggesting that the company's asset base is not being utilized effectively to drive revenue growth compared to historical performance and broader industry benchmarks for broadcasting services.
The lengthening of DSO trends in recent quarters may indicate increasing difficulty in collecting payments or a shift in the composition of the user base toward less reliable segments. Investors should monitor these efficiency metrics closely, as they may serve as a leading indicator of further operational deterioration.
The P/E ratio is the most commonly misapplied metric for Scienjoy, as the company's persistent net losses render the multiple meaningless and obscure the underlying cash-generative potential of the core platform business when viewed on a net revenue basis.
Analysts should instead focus on the company's cash-to-revenue ratio and net revenue margins to assess the true scale of the business. Relying on P/E in this context risks ignoring the significant liquidity buffer provided by the $307 million cash position, which may be the most relevant factor for valuation.
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Quick answers to the most common questions about buying SJ stock.
Scienjoy Holding Corporation's current P/E ratio is -0.5x. The historical average is 14.9x.
Scienjoy Holding Corporation's return on equity (ROE) is -66.0%. The historical average is 3.3%.
Based on historical data, Scienjoy Holding Corporation is trading at a P/E of -0.5x. Compare with industry peers and growth rates for a complete picture.
Scienjoy Holding Corporation has 18.3% gross margin and -6.4% operating margin.