Latest Ratios: P/E Ratio -20.0x · EV/EBITDA 8.7x · ROE -16.2%. (2001–2026 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $356M | $922M | $271M | $224M | $759M | $659M | $502M | $67M | $54M | $91M | — |
| Enterprise Value | $219M | $785M | $240M | $166M | $630M | $559M | $479M | $68M | $47M | $78M | — |
| P/E Ratio → | -20.00 | — | — | — | — | — | — | — | — | — | — |
| P/S Ratio | — | — | — | — | — | — | — | — | — | — | — |
| P/B Ratio | 0.82 | 2.50 | 1.19 | 1.41 | 4.30 | 4.81 | 8.69 | 1.47 | 1.40 | 3.02 | — |
| 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 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | — | — | — | — | — | — | — | — | — | — |
| EV / EBITDA | 8.72 | 27.74 | — | — | — | — | — | — | — | — | — |
| EV / EBIT | 7.99 | — | — | — | — | — | — | — | — | — | — |
| 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 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | — | — | — | — | — | — | — | — | — | — | — |
| Operating Margin | — | — | — | — | — | — | — | — | — | — | — |
| Net Profit Margin | — | — | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -16.2% | -16.2% | -29.0% | -25.0% | -24.3% | -26.1% | -49.2% | -20.4% | -25.1% | -135.7% | — |
| ROA | -14.7% | -14.7% | -26.0% | -23.5% | -23.4% | -25.1% | -43.3% | -16.8% | -22.9% | -77.2% | -3.5% |
| ROIC | 9.6% | 9.6% | -11.2% | -45.6% | -67.8% | -52.4% | -46.5% | -16.3% | -37.2% | -108.4% | — |
| ROCE | 8.5% | 8.5% | -10.7% | -26.9% | -24.5% | -25.9% | -46.6% | -19.0% | -34.9% | -47.0% | -0.7% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 | 0.00 | — | 0.11 | 0.01 | — | — |
| Debt / EBITDA | 0.01 | 0.01 | — | — | — | — | — | — | — | — | 2.73 |
| Net Debt / Equity | — | -0.37 | -0.14 | -0.37 | -0.73 | -0.73 | -0.39 | 0.02 | -0.17 | -0.45 | — |
| Net Debt / EBITDA | -4.84 | -4.84 | — | — | — | — | — | — | — | — | 1.60 |
| Debt / FCF | — | — | — | — | — | — | — | — | — | — | — |
| Interest Coverage | -1559.24 | -1559.24 | -1102.15 | -1060.26 | -854.76 | -1378.13 | -149.46 | -183.34 | -15727.68 | -575.77 | -1.04 |
Net cash position: cash ($137M) exceeds total debt ($166000)
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 17.87 | 17.87 | 5.77 | 4.68 | 19.44 | 19.44 | 11.78 | 0.63 | 1.28 | 21.43 | 0.01 |
| Quick Ratio | 17.87 | 17.87 | 5.77 | 4.72 | 19.44 | 19.44 | 11.78 | 0.63 | 1.28 | 21.43 | 0.01 |
| Cash Ratio | 16.90 | 16.90 | 5.49 | 4.50 | 19.04 | 19.04 | 11.62 | 0.59 | 1.22 | 19.77 | 0.64 |
| 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 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 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% | — |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — |
| Shares Outstanding | — | $206M | $186M | $179M | $169M | $155M | $121M | $89M | $78M | $53M | $7M |
Includes 30+ ratios · 26 years · Updated daily
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DCF models, multiple analysis, and analyst estimates.
10-year return with dividends reinvested.
Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying SLI stock.
Standard Lithium Ltd.'s current P/E ratio is -20.0x. This places it at the 50th percentile of its historical range.
Standard Lithium Ltd.'s current EV/EBITDA is 8.7x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 27.7x.
Standard Lithium Ltd.'s return on equity (ROE) is -16.2%. The historical average is -17.7%.
Based on historical data, Standard Lithium Ltd. is trading at a P/E of -20.0x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Standard Lithium Ltd.'s Debt/EBITDA ratio is 0.0x, indicating low leverage. A ratio below 2x is generally considered financially healthy.
Key Metrics
Top Statement Risk
Commercialization execution and dilution
Capital Efficiency Remains Highly Theoretical
Based on reported financial statements, SLI's ROIC has fluctuated between -12.9% and 3.4% over the last ten quarters, reflecting the inherent volatility of a pre-revenue entity where capital is deployed into development projects rather than productive assets that generate meaningful, recurring returns on invested capital.
The erratic ROIC trend suggests that the company is currently in a phase of capital consumption rather than compounding, as the lack of operational revenue prevents any meaningful assessment of return efficiency. Investors should monitor whether the recent uptick in ROIC to 1.1% in 2026Q3 is a sustainable trend or merely a byproduct of accounting adjustments related to capitalized development costs.
Liquidity Buffer Masks Operational Fragility
According to recent SEC filings, the company's current ratio reached 20.17 in 2026Q3, a figure that appears deceptively strong due to recent equity-driven cash infusions rather than operational cash generation, which remains non-existent as the firm continues to burn through its capital reserves to fund pilot-scale testing.
While the high current ratio suggests an ability to meet short-term obligations, it provides a false sense of security regarding the company's long-term viability. The reliance on external financing to maintain this liquidity position warrants further investigation, as any delay in the Final Investment Decision could rapidly erode this buffer.
Working Capital Management Remains Opaque
As reported in financial statements, the company's DPO has fluctuated significantly, ranging from 115 to 228 days, which suggests that the firm is attempting to preserve cash by extending payment terms to suppliers during its pre-commercial development phase, rather than optimizing its core operational working capital cycle.
The lack of consistent data regarding DSO and DIO highlights the absence of a standard commercial operating cycle. This volatility in DPO appears to be a defensive measure to manage cash burn, but it may also indicate limited leverage with vendors as the company attempts to scale its proprietary DLE technology.
Misapplication of Traditional Valuation Multiples
Based on the company's pre-revenue status, the use of P/E or EV/EBITDA ratios is fundamentally flawed, as these metrics obscure the reality that the firm is currently a development-stage entity where value is derived from project milestones and resource potential rather than current earnings or operational cash flow.
Investors should instead focus on the Net Present Value of the Smackover project and the cost of capital required to reach commercial production. Relying on standard valuation multiples for SLI risks misinterpreting the company's speculative nature as a mature industrial firm, which could lead to significant mispricing of the underlying execution risk.