Latest Ratios: P/E Ratio -0.3x · EV/EBITDA N/A · ROE -66.9%. (2010–2025 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 | $10M | $12M | — | — | — | — | — | — | — | — | — |
| Enterprise Value | $10M | $12M | — | — | — | — | — | — | — | — | — |
| P/E Ratio → | -0.31 | — | — | — | — | — | — | — | — | — | — |
| P/S Ratio | 0.42 | 0.50 | — | — | — | — | — | — | — | — | — |
| P/B Ratio | 0.30 | 0.33 | — | — | — | — | — | — | — | — | — |
| 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 | — | 0.52 | — | — | — | — | — | — | — | — | — |
| 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 | -46.9% | -46.9% | 9.1% | 7.1% | -1.5% | 26.5% | 16.2% | -74.3% | 35.2% | 47.8% | -142.4% |
| Operating Margin | -139.7% | -139.7% | -4.5% | -58.5% | -7.3% | -7.1% | -1318.0% | -1432.9% | -263.0% | -471.1% | -7001.0% |
| Net Profit Margin | -147.3% | -147.3% | 5.0% | -66.6% | -39.5% | -16.3% | -229.1% | -1807.4% | -344.8% | -441.3% | -555.8% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -66.9% | -66.9% | 26.3% | -87.1% | -23.1% | -6.6% | -6.7% | -75.6% | -66.1% | -128.9% | -2.7% |
| ROA | -51.5% | -51.5% | 15.2% | -39.0% | -16.0% | -4.8% | -5.6% | -67.1% | -59.7% | -112.0% | -2.5% |
| ROIC | -42.5% | -42.5% | -15.6% | -57.5% | -3.1% | -2.2% | -44.8% | -79.6% | -118.3% | — | -32.9% |
| ROCE | -58.2% | -58.2% | -21.1% | -70.7% | -4.2% | -2.8% | -34.7% | -56.5% | -49.6% | -132.4% | -33.5% |
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 | 0.06 | 0.06 | 0.20 | 0.17 | 0.10 | 0.03 | 0.02 | 0.08 | — | — | — |
| Debt / EBITDA | — | — | 5.66 | — | 0.03 | — | — | — | — | — | — |
| Net Debt / Equity | — | 0.01 | 0.17 | 0.04 | -0.03 | 0.02 | -0.10 | -0.54 | -0.38 | -2.14 | -0.37 |
| Net Debt / EBITDA | — | — | 4.90 | — | -0.01 | — | — | — | — | — | — |
| Debt / FCF | — | — | — | — | — | — | — | — | — | — | — |
| Interest Coverage | — | — | — | — | -131.33 | -31.15 | — | — | — | — | — |
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 | 1.75 | 1.75 | 1.70 | 0.75 | 1.11 | 1.10 | 4.56 | 39.02 | 6.03 | 4.44 | 8.15 |
| Quick Ratio | 1.75 | 1.75 | 1.70 | 0.75 | 1.11 | 1.06 | 4.60 | 39.12 | 6.10 | 4.51 | 37.82 |
| Cash Ratio | 0.14 | 0.14 | 0.16 | 0.07 | 0.25 | 0.03 | 0.64 | 33.06 | 5.37 | 20.56 | 33.20 |
| Asset Turnover | — | 0.51 | 2.78 | 0.59 | 5.28 | 0.18 | 0.03 | 0.05 | 0.11 | 0.27 | 0.02 |
| Inventory Turnover | — | — | — | — | 497.67 | 9.84 | — | — | — | — | — |
| Days Sales Outstanding | — | 91.93 | 7.03 | 22.29 | 8.23 | 0.79 | 33.90 | 55.78 | 27.11 | 55.97 | 933.50 |
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% | — | — | — | — | — | — | — | — | — |
| Total Shareholder Yield | 0.0% | 0.0% | — | — | — | — | — | — | — | — | — |
| Shares Outstanding | — | $17M | $12M | $11M | $9M | $6M | $4M | $4M | $4M | $4M | $4M |
Imminent liquidity exhaustion risk
According to recent financial data, SLAI trades at a P/S multiple of 0.32, which, when compared to the broader technology sector, suggests that the market is pricing the company as a distressed asset rather than a viable growth-stage AI infrastructure provider.
The low P/B ratio of 0.23 indicates that the market assigns little value to the company's book assets, likely due to the high proportion of intangible assets and the persistent erosion of equity. This valuation implies that investors are effectively discounting the company's ability to generate future earnings, viewing the current AI-agent narrative as insufficient to offset the massive revenue contraction.
Based on reported figures, SLAI's ROIC has consistently trended into negative territory, reaching -9.6% in 2025Q2, which demonstrates that the company is failing to generate any meaningful return on the capital deployed into its AI-native transaction infrastructure.
The decay in ROIC over the last ten quarters suggests that management's pivot to AI-agent settlement has not improved capital efficiency, but rather exacerbated the burn rate. This trend warrants further investigation into whether the company's investments in validator nodes and compute capacity are fundamentally misaligned with the revenue-generating potential of the Solana ecosystem.
As reported in financial statements, SLAI's asset turnover has plummeted to 0.08 in 2025Q2, a significant decline from historical levels, indicating that the company's asset base is becoming increasingly unproductive in generating top-line revenue.
The volatility in DSO, which reached 50 days in 2025Q1, suggests that the company is struggling to collect on its service contracts, further straining its already limited liquidity. This inefficiency in working capital management appears to be a structural drag on the business, preventing the company from achieving the velocity required to offset its high fixed-cost base.
Investors should monitor the risk of using P/S multiples to value SLAI, as the company's negative gross margins suggest that revenue growth, if it were to occur, might actually accelerate cash burn rather than lead to profitability.
The P/S ratio obscures the fundamental reality that the company's cost of services exceeds its revenue, making traditional revenue-based valuation metrics misleading for this business model. A more appropriate metric would be a 'Contribution Margin' or 'Unit Economics' analysis, which would better reflect the company's inability to scale its AI-agent infrastructure profitably.
Includes 30+ ratios · 16 years · Updated daily
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Quick answers to the most common questions about buying SLAI stock.
SOLAI Limited's current P/E ratio is -0.3x. This places it at the 50th percentile of its historical range.
SOLAI Limited's return on equity (ROE) is -66.9%. The historical average is -21.4%.
Based on historical data, SOLAI Limited is trading at a P/E of -0.3x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
SOLAI Limited has -46.9% gross margin and -139.7% operating margin.