Latest Ratios: P/E Ratio -24.0x · EV/EBITDA N/A · ROE -146.4%. (2001–2025 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 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $3.3B | $2.7B | $864M | $412M | $374M | $624M | $460M | $56M | $20M | $34M | $21M |
| Enterprise Value | $3.3B | $2.7B | $781M | $353M | $337M | $585M | $425M | $44M | $18M | $33M | $18M |
| P/E Ratio → | -24.01 | — | — | — | — | — | — | — | — | — | — |
| P/S Ratio | — | — | — | — | — | — | — | — | — | — | — |
| P/B Ratio | 27.66 | 17.20 | 9.54 | 3.31 | 2.73 | 5.05 | 4.22 | 4.79 | 1.05 | 1.53 | 1.04 |
| 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 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | — | — | — | — | — | — | — | — | — | — | — |
| Operating Margin | — | — | — | — | — | — | — | — | — | — | — |
| Net Profit Margin | — | — | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -146.4% | -146.4% | -141.2% | -62.8% | -50.3% | -80.0% | -78.5% | -138.4% | -76.3% | -47.2% | -88.4% |
| ROA | -35.0% | -35.0% | -64.7% | -45.3% | -40.6% | -63.5% | -58.3% | -85.3% | -61.7% | -41.6% | -77.3% |
| ROIC | -79.9% | -79.9% | -357.8% | -78.9% | -67.7% | -97.7% | -127.6% | -115.3% | -60.7% | -44.6% | -84.7% |
| ROCE | -12.9% | -12.9% | -93.1% | -55.1% | -60.2% | -84.2% | -95.4% | -70.8% | -69.4% | -52.5% | -94.4% |
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 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.40 | 0.40 | 0.15 | 0.26 | 0.03 | 0.01 | 0.02 | 0.13 | — | — | — |
| Debt / EBITDA | — | — | — | — | — | — | — | — | — | — | — |
| Net Debt / Equity | — | -0.37 | -0.92 | -0.47 | -0.27 | -0.32 | -0.32 | -1.00 | -0.06 | -0.05 | -0.13 |
| Net Debt / EBITDA | — | — | — | — | — | — | — | — | — | — | — |
| Debt / FCF | — | — | — | — | — | — | — | — | — | — | — |
| Interest Coverage | -20.93 | -20.93 | — | — | — | — | -396.38 | -153.62 | -5385.15 | -429.46 | -526.11 |
Net cash position: cash ($122M) exceeds total debt ($63M)
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 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.82 | 1.82 | 1.44 | 3.86 | 2.40 | 2.13 | 1.86 | 2.27 | 1.76 | 0.98 | 2.27 |
| Quick Ratio | 1.82 | 1.82 | 1.44 | 3.86 | 2.40 | 2.13 | 1.86 | 2.27 | 1.76 | 0.90 | 2.27 |
| Cash Ratio | 1.73 | 1.73 | 1.40 | 3.67 | 2.06 | 1.62 | 1.69 | 1.57 | 0.40 | 0.39 | 1.66 |
| Asset Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | 0.46 | — |
| 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 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
| 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 | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Shares Outstanding | — | $115M | $99M | $84M | $70M | $60M | $42M | $27M | $22M | $15M | $10M |
Capital Intensive Development Risk
As reported in financial statements, Skeena Resources currently trades at a price-to-book ratio of 27.66, a figure that reflects significant market anticipation of future production rather than current tangible asset value, especially when compared to the more established valuation multiples of peers like Equinox Gold.
The absence of revenue renders traditional P/E and EV/EBITDA metrics inapplicable, forcing investors to rely on book value as a proxy for project progress. This elevated P/B multiple suggests that the market is pricing in a substantial premium for the Eskay Creek deposit's potential, which may be vulnerable to correction if project timelines or capital requirements shift unfavorably.
Based on the company's reported figures, the ROIC has remained consistently negative, reaching -10.3% in 2026Q1, which is a structural outcome for a development-stage entity that is currently consuming capital to build its asset base rather than generating returns on invested capital.
The persistent negative ROIC highlights the inherent challenge of evaluating a company that has yet to reach commercial production. Investors should monitor whether the eventual transition to production can reverse this trend, as the current decay in capital efficiency is a direct consequence of heavy investment in non-productive exploration and evaluation assets.
According to recent quarterly filings, the current ratio has deteriorated sharply to 0.49 in 2026Q1, down from 3.86 in 2023Q4, signaling a tightening liquidity position that warrants close monitoring as the company approaches the most capital-intensive stages of its mine construction timeline.
This rapid decline in the current ratio suggests that the company's short-term obligations are increasingly outpacing its liquid assets. Such a trend indicates that the firm may soon require additional external financing to maintain its operational runway, potentially leading to further shareholder dilution if non-dilutive funding sources are not secured.
As indicated by the company's financial statements, the debt-to-equity ratio has fluctuated, reaching 0.36 in 2026Q1, which remains relatively low compared to the broader industrial materials sector, though it suggests a growing reliance on debt to supplement equity-based funding for project development.
While the current debt load does not appear to pose an immediate solvency risk, the negative interest coverage ratio of -3.81 underscores the company's inability to service debt from internal operations. Investors should be cautious, as any further increase in leverage without a corresponding revenue stream could significantly heighten the firm's financial risk profile.
The most commonly misapplied metric for Skeena Resources is the net profit margin, which, as shown in recent filings, remains negative and obscures the company's true progress by failing to account for the strategic capitalization of exploration and evaluation costs on the balance sheet.
Using net margin to evaluate a pre-revenue developer is fundamentally flawed because it treats necessary development expenditures as losses rather than investments in future production capacity. Analysts should instead focus on the rate of cash burn and the progression of the Eskay Creek feasibility study to better gauge the company's actual economic trajectory.
Includes 30+ ratios · 25 years · Updated daily
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Quick answers to the most common questions about buying SKE stock.
Skeena Resources Limited's current P/E ratio is -24.0x. This places it at the 50th percentile of its historical range.
Skeena Resources Limited's return on equity (ROE) is -146.4%. The historical average is -75.2%.
Based on historical data, Skeena Resources Limited is trading at a P/E of -24.0x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.