Latest Ratios: P/E Ratio -1.7x · EV/EBITDA N/A · ROE -89.3%. (2020–2025 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 |
|---|---|---|---|---|---|---|---|
| Market Cap | $694M | $886M | $2.0B | $506M | $361M | $349M | — |
| Enterprise Value | $596M | $788M | $2.6B | $520M | $363M | $350M | — |
| P/E Ratio → | -1.67 | — | — | — | — | 81.00 | — |
| P/S Ratio | — | — | — | — | — | — | — |
| P/B Ratio | 1.28 | 1.66 | 5.32 | 1.49 | 1.33 | 1.27 | — |
| 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 |
|---|---|---|---|---|---|---|---|
| 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 |
|---|---|---|---|---|---|---|---|
| Gross Margin | — | — | — | — | — | — | — |
| Operating Margin | — | — | — | — | — | — | — |
| Net Profit Margin | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| ROE | -89.3% | -89.3% | -174.0% | -30.7% | -0.9% | 3.1% | -7.1% |
| ROA | -24.7% | -24.7% | -54.8% | -18.7% | -0.9% | 3.0% | -0.5% |
| ROIC | -44.6% | -44.6% | -39.4% | -22.6% | -1.7% | -0.9% | — |
| ROCE | -37.5% | -37.5% | -31.4% | -19.3% | -2.2% | -1.2% | — |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Debt / Equity | — | — | 2.22 | 0.04 | 0.01 | 0.00 | 1.87 |
| Debt / EBITDA | — | — | — | — | — | — | — |
| Net Debt / Equity | — | -0.18 | 1.43 | 0.04 | 0.01 | 0.00 | 1.48 |
| Net Debt / EBITDA | — | — | — | — | — | — | — |
| Debt / FCF | — | — | — | — | — | — | — |
| Interest Coverage | -3.52 | -3.52 | -8.35 | — | — | — | — |
Net cash position: cash ($98M) exceeds total debt ($0)
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Current Ratio | 0.13 | 0.13 | 2.94 | 0.91 | 0.03 | 0.69 | 1.08 |
| Quick Ratio | 0.12 | 0.12 | 2.82 | — | 0.03 | 0.69 | 1.08 |
| Cash Ratio | 0.10 | 0.10 | 2.49 | — | 0.01 | 0.26 | 0.03 |
| Asset Turnover | — | — | — | — | — | — | — |
| Inventory Turnover | 1.20 | 1.20 | 0.88 | 1.30 | — | — | — |
| 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 |
|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | 1.2% | — |
| FCF Yield | — | — | — | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 45.5% | 0.0% | 0.0% | — |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 45.5% | 0.0% | 0.0% | — |
| Shares Outstanding | — | $98M | $89M | $44M | $36M | $36M | $3M |
Regulatory-driven liquidity depletion
As reported in recent financial statements, SOC's ROIC plummeted to -22.1% in 2026Q1, reflecting a persistent inability to generate productive returns on invested capital while the company remains trapped in a high-cost, pre-production phase characterized by significant asset maintenance and regulatory compliance expenditures.
The consistent negative ROIC trend, which reached a low of -72.1% in 2023Q4, suggests that the company is currently destroying shareholder value rather than compounding it. This decay is driven by the lack of operational revenue coupled with the heavy fixed-cost burden of maintaining dormant offshore infrastructure.
Based on the company's 2026Q1 filings, the current ratio has deteriorated to a precarious 0.08, indicating that current assets are insufficient to cover near-term obligations as the firm continues to burn through its remaining cash reserves while awaiting critical regulatory approvals for production restart.
The rapid decline in the quick ratio from 2.82 in 2024Q4 to 0.07 in 2026Q1 highlights an extreme vulnerability to any further delays in the pipeline restart process. Investors should monitor this liquidity profile closely, as the current cash position appears inadequate to sustain operations under prolonged legal or regulatory scrutiny.
According to the provided data, the company's asset turnover remains effectively at 0.00, underscoring the total lack of operational throughput as the firm struggles to convert its dormant offshore assets into productive, revenue-generating capacity within the highly restrictive California regulatory environment.
The absence of meaningful asset turnover, combined with erratic inventory days that peaked at 643 days in 2025Q3, suggests that the company is currently unable to manage working capital effectively. This inefficiency is a direct consequence of the operational paralysis inherent in the Santa Ynez Unit's current shut-in status.
As evidenced by the company's negative P/E and lack of EBITDA, the use of standard earnings-based valuation multiples is fundamentally flawed for SOC, as these metrics obscure the reality that the firm is a distressed, pre-production asset play rather than a traditional, cash-flow-generating energy producer.
Investors should instead focus on a risk-adjusted Net Asset Value (NAV) approach, which accounts for the probability-weighted timing of production restart and the significant, often hidden, decommissioning liabilities. Relying on P/E or EV/EBITDA ratios in this context may lead to a dangerous overestimation of the company's current intrinsic value.
Includes 30+ ratios · 6 years · Updated daily
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Quick answers to the most common questions about buying SOC stock.
Sable Offshore Corp.'s current P/E ratio is -1.7x. The historical average is 81.0x.
Sable Offshore Corp.'s return on equity (ROE) is -89.3%. The historical average is -49.8%.
Based on historical data, Sable Offshore Corp. is trading at a P/E of -1.7x. Compare with industry peers and growth rates for a complete picture.