Latest Ratios: P/E Ratio 48.5x · EV/EBITDA 30.7x · ROE 9.6%. (1997–2026 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 | $84M | $67M | $58M | $87M | $85M | $80M | $67M | $35M | $38M | $24M | $18M |
| Enterprise Value | $77M | $60M | $53M | $85M | $82M | $76M | $64M | $32M | $36M | $23M | $16M |
| P/E Ratio → | 48.55 | 39.00 | 45.79 | 60.39 | 133.99 | 32.19 | 59.44 | 31.48 | 237.74 | 65.57 | 118.00 |
| P/S Ratio | 4.01 | 3.23 | 2.85 | 4.42 | 5.65 | 4.70 | 4.49 | 2.27 | 3.30 | 2.19 | 1.82 |
| P/B Ratio | 4.25 | 3.41 | 3.28 | 5.35 | 5.82 | 5.86 | 6.08 | 3.56 | 4.47 | 2.88 | 2.24 |
| P/FCF | 27.78 | 22.34 | 1037.86 | 235.86 | 110.71 | 40.39 | 177.70 | 13.77 | — | 14.97 | 20.95 |
| P/OCF | 25.85 | 20.80 | 111.14 | 74.81 | 64.27 | 34.69 | 91.85 | 10.71 | — | 13.40 | 17.23 |
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 | — | 2.88 | 2.59 | 4.31 | 5.43 | 4.41 | 4.28 | 2.08 | 3.11 | 2.10 | 1.68 |
| EV / EBITDA | 30.70 | 24.12 | 31.07 | 47.73 | 68.52 | 32.53 | 35.22 | 19.71 | 87.01 | 29.65 | 62.46 |
| EV / EBIT | 41.96 | 32.96 | 34.64 | 48.69 | 103.55 | 26.04 | 45.78 | 25.60 | 162.95 | 45.76 | 127.04 |
| EV / FCF | — | 19.91 | 945.32 | 230.07 | 106.35 | 37.96 | 169.47 | 12.61 | — | 14.36 | 19.32 |
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 | 50.5% | 50.5% | 47.5% | 50.0% | 50.8% | 50.3% | 47.2% | 47.6% | 45.2% | 48.1% | 46.2% |
| Operating Margin | 8.7% | 8.7% | 4.9% | 6.0% | 4.5% | 11.0% | 9.0% | 7.9% | 0.7% | 3.5% | -1.8% |
| Net Profit Margin | 8.6% | 8.6% | 6.2% | 7.3% | 4.2% | 14.8% | 7.6% | 7.2% | 1.4% | 3.3% | 1.0% |
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 9.6% | 9.6% | 7.5% | 9.3% | 4.5% | 20.6% | 10.8% | 12.1% | 1.9% | 4.5% | 1.2% |
| ROA | 7.2% | 7.2% | 5.5% | 6.7% | 3.4% | 14.9% | 7.2% | 8.2% | 1.3% | 3.3% | 0.9% |
| ROIC | 10.9% | 10.9% | 5.7% | 7.0% | 5.1% | 16.9% | 13.7% | 13.8% | 0.9% | 4.1% | -2.0% |
| ROCE | 9.7% | 9.7% | 5.9% | 7.6% | 4.8% | 14.5% | 11.8% | 12.0% | 0.9% | 4.0% | -2.0% |
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 | — | — | — | — | — | — | 0.09 | 0.07 | 0.10 | 0.12 | 0.15 |
| Debt / EBITDA | — | — | — | — | — | — | 0.56 | 0.44 | 2.10 | 1.31 | 4.50 |
| Net Debt / Equity | — | -0.37 | -0.29 | -0.13 | -0.23 | -0.35 | -0.28 | -0.30 | -0.26 | -0.12 | -0.17 |
| Net Debt / EBITDA | -2.94 | -2.94 | -3.04 | -1.20 | -2.81 | -2.08 | -1.71 | -1.82 | -5.48 | -1.27 | -5.28 |
| Debt / FCF | — | -2.43 | -92.53 | -5.78 | -4.36 | -2.43 | -8.22 | -1.17 | — | -0.61 | -1.63 |
| Interest Coverage | — | — | — | — | — | — | 34.83 | 37.73 | 5.54 | 10.98 | 2.46 |
Net cash position: cash ($7M) exceeds total debt ($0)
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 | 3.46 | 3.46 | 3.46 | 2.83 | 3.04 | 3.90 | 3.09 | 2.72 | 3.53 | 4.08 | 5.41 |
| Quick Ratio | 2.87 | 2.87 | 2.65 | 2.04 | 2.44 | 3.26 | 2.47 | 2.15 | 2.88 | 3.44 | 4.48 |
| Cash Ratio | 2.25 | 2.25 | 2.17 | 1.79 | 2.10 | 2.88 | 2.03 | 1.89 | 2.17 | 3.01 | 3.38 |
| Asset Turnover | — | 0.79 | 0.88 | 0.85 | 0.75 | 0.97 | 0.90 | 1.04 | 0.95 | 0.93 | 0.91 |
| Inventory Turnover | 2.64 | 2.64 | 2.41 | 1.89 | 2.28 | 3.59 | 3.00 | 3.38 | 3.84 | 4.22 | 3.90 |
| Days Sales Outstanding | — | 58.50 | 41.79 | 27.25 | 39.60 | 23.27 | 43.26 | 22.10 | 43.95 | 25.69 | 43.19 |
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 | 2.1% | 2.6% | 2.2% | 1.7% | 0.7% | 3.1% | 1.7% | 3.2% | 0.4% | 1.5% | 0.8% |
| FCF Yield | 3.6% | 4.5% | 0.1% | 0.4% | 0.9% | 2.5% | 0.6% | 7.3% | — | 6.7% | 4.8% |
| Buyback Yield | 0.2% | 0.2% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 0.2% | 0.2% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Shares Outstanding | — | $16M | $16M | $16M | $16M | $16M | $16M | $15M | $15M | $15M | $15M |
Cyclical capital equipment demand
Based on current market data, SOTK trades at a P/E of 48.36 and an EV/EBITDA of 30.57, suggesting that investors are pricing in significant future growth potential despite the company's recent low single-digit revenue expansion and the inherent volatility of its specialized industrial equipment business model.
The elevated PEG ratio of 5.38 indicates that the current valuation may be disconnected from near-term earnings growth, implying that the market is assigning a premium for the company's proprietary ultrasonic technology. Investors should monitor whether this valuation is supported by a successful pivot toward higher-margin, recurring revenue streams or if it remains vulnerable to a correction if growth fails to accelerate.
As reported in financial statements, SOTK's ROIC has fluctuated between -0.1% and 4.3% over the last ten quarters, indicating that the company is currently struggling to generate returns on invested capital that consistently exceed the typical cost of capital for industrial technology firms of this size.
The modest ROE of 2.9% in 2026Q4 highlights that while the company is profitable, it has not yet achieved the scale necessary to drive superior returns for shareholders. This trend suggests that management's current capital allocation strategy may be prioritizing stability and liquidity over aggressive reinvestment into high-growth, high-return projects.
According to recent SEC filings, SOTK's cash conversion cycle remains extended, peaking at 201 days in 2026Q2, which reflects the significant time required to convert inventory into cash within the company's complex, project-based manufacturing environment for custom-engineered ultrasonic coating systems and integrated hardware solutions.
The high days inventory outstanding, which reached 172 days in 2026Q1, suggests that the company carries substantial work-in-process inventory, likely due to the long lead times associated with its multi-axis systems. This inefficiency warrants further investigation, as it ties up capital that could otherwise be deployed to enhance operational throughput or R&D initiatives.
Based on the provided quarterly data, SOTK maintains a robust liquidity position with a current ratio of 3.46 as of 2026Q4, providing a substantial safety net that protects the company against the inherent volatility of its project-based revenue cycles and potential delays in customer-funded equipment installations.
The company's ability to maintain a quick ratio above 2.0 throughout the observed period suggests that it is well-positioned to meet short-term obligations without relying on external financing. This conservative balance sheet management appears to be a deliberate strategy to mitigate the risks associated with the cyclical nature of the semiconductor and alternative energy end-markets.
The P/E ratio is frequently misapplied to SOTK, as it obscures the company's underlying transition from a transactional component seller to a project-based systems integrator, which creates significant quarterly earnings noise that does not accurately reflect the long-term value of its proprietary ultrasonic technology and installed base.
Investors should instead focus on EV/Sales or backlog-adjusted metrics to better capture the company's growth trajectory and the recurring revenue potential of its service and replacement parts business. Relying solely on earnings-based multiples may lead to an incomplete assessment of the company's competitive positioning in the high-precision coating market.
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying SOTK stock.
Sono-Tek Corporation's current P/E ratio is 48.5x. The historical average is 46.9x. This places it at the 67th percentile of its historical range.
Sono-Tek Corporation's current EV/EBITDA is 30.7x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 28.2x.
Sono-Tek Corporation's return on equity (ROE) is 9.6%. The historical average is 7.8%.
Based on historical data, Sono-Tek Corporation is trading at a P/E of 48.5x. This is at the 67th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Sono-Tek Corporation has 50.5% gross margin and 8.7% operating margin.