Tantech Holdings Ltd (TANH) Financial Ratios
13 years of historical data (2012–2024) · Consumer Defensive · Household & Personal Products
EV/EBITDA
↓
-5.40
↓-118% vs avg
5yr avg: 30.39
30Y Low11.6·High49.2
P/FCF
↓
0.11
↓-100% vs avg
5yr avg: 38.72
30Y Low0.9·High143.0
P/B Ratio
↓
0.00
↓-100% vs avg
5yr avg: 5.01
30Y Low0.0·High61.1
ROE
↑
-2.6%
↑-31% vs avg
5yr avg: -2.0%
30Y Low-9%·High25%
Debt/EBITDA
↓
0.80
↓-62% vs avg
5yr avg: 2.13
30Y Low0.5·High4.5
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
TANH Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Tantech Holdings Ltd currently has a negative P/E ratio, indicating the company is operating at a loss on a trailing-twelve-month basis. On a free-cash-flow basis, the stock trades at 0.1x P/FCF, 100% below the 5-year average of 38.7x.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $410589 | $4M | $132M | $87M | $763M | $1.6B | $2.1B | $2.0B | $2.7B | $1.9B | $4.5B |
| Enterprise Value | $-30272337 | $-27111337 | $112M | $77M | $733M | $1.6B | $2.1B | $2.0B | $2.7B | $1.9B | $4.5B |
| P/E Ratio → | -0.05 | — | 0.44 | 28.67 | — | — | — | 1012.36 | 688.00 | 897.74 | 429.39 |
| P/S Ratio | 0.01 | 0.08 | 2.78 | 1.62 | 13.80 | 38.60 | 42.43 | 67.68 | 62.21 | 39.02 | 75.96 |
| P/B Ratio | 0.00 | 0.03 | 1.07 | 0.75 | 6.78 | 16.40 | 22.10 | 18.19 | 24.45 | 23.19 | 61.14 |
| P/FCF | 0.11 | 0.91 | 27.08 | 10.54 | — | 116.35 | 143.03 | 141.86 | 1206.38 | — | 1062.03 |
| P/OCF | 0.10 | 0.90 | 25.04 | 10.43 | — | 115.16 | 142.14 | 136.43 | 1163.30 | — | 1004.15 |
P/E links to full P/E history page with 30-year chart
TANH EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | -0.63 | 2.37 | 1.44 | 13.26 | 37.93 | 42.33 | 67.86 | 62.26 | 39.03 | 76.00 |
| EV / EBITDA | -5.40 | -4.83 | 49.20 | 11.59 | — | — | 1273.94 | 586.27 | 498.05 | 270.86 | 383.61 |
| EV / EBIT | -7.60 | -29.64 | 14.37 | 12.14 | — | — | — | 755.80 | 533.67 | 212.42 | 381.60 |
| EV / FCF | — | -6.94 | 23.06 | 9.36 | — | 114.33 | 142.69 | 142.24 | 1207.39 | — | 1062.55 |
TANH Profitability
Margins and return-on-capital ratios measuring operating efficiency
Tantech Holdings Ltd earns an operating margin of 9.3%, above the Consumer Defensive sector average of 1.4%. Operating margins have compressed from 11.1% to 9.3% over the past 3 years, signaling potential cost pressures or competitive headwinds. A negative ROE of -2.6% indicates the company is currently destroying shareholder equity. ROIC of 3.0% represents below-average returns on invested capital versus a sector median of 5.5%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 20.8% | 20.8% | 21.5% | 18.9% | 18.9% | 10.6% | 12.1% | 27.2% | 24.8% | 28.4% | 28.7% |
| Operating Margin | 9.3% | 9.3% | 3.9% | 11.1% | -15.4% | -24.5% | 1.5% | 8.0% | 10.7% | 13.2% | 17.4% |
| Net Profit Margin | -7.5% | -7.5% | 11.8% | 5.6% | -15.1% | -15.4% | -19.6% | 6.7% | 8.7% | 9.0% | 14.3% |
Return on Capital
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -2.6% | -2.6% | 4.7% | 2.6% | -7.9% | -6.7% | -9.4% | 1.8% | 4.0% | 5.6% | 12.4% |
| ROA | -2.3% | -2.3% | 4.0% | 2.2% | -6.7% | -5.6% | -7.7% | 1.4% | 3.2% | 4.7% | 10.2% |
| ROIC | 3.0% | 3.0% | 1.3% | 4.7% | -8.3% | -9.7% | 0.5% | 1.6% | 3.6% | 6.0% | 10.5% |
| ROCE | 3.1% | 3.1% | 1.5% | 5.1% | -8.0% | -10.6% | 0.7% | 2.1% | 4.8% | 8.2% | 15.1% |
TANH Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Tantech Holdings Ltd carries a Debt/EBITDA ratio of 0.8x, which is very conservative (76% below the sector average of 3.4x). The company holds a net cash position — cash of $35M exceeds total debt of $5M, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns. Interest coverage of 13.7x signals virtually no risk of debt distress — earnings comfortably cover interest obligations.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.04 | 0.04 | 0.08 | 0.08 | 0.11 | 0.09 | 0.08 | 0.12 | 0.11 | 0.08 | 0.12 |
| Debt / EBITDA | 0.80 | 0.80 | 4.17 | 1.40 | — | — | 4.50 | 3.82 | 2.26 | 0.97 | 0.72 |
| Net Debt / Equity | — | -0.24 | -0.16 | -0.08 | -0.27 | -0.29 | -0.05 | 0.05 | 0.02 | 0.01 | 0.03 |
| Net Debt / EBITDA | -5.47 | -5.47 | -8.59 | -1.46 | — | — | -3.11 | 1.55 | 0.42 | 0.11 | 0.19 |
| Debt / FCF | — | -7.86 | -4.03 | -1.18 | — | -2.03 | -0.35 | 0.38 | 1.01 | — | 0.52 |
| Interest Coverage | 13.72 | 13.72 | 4.35 | 9.86 | -11.50 | -34.47 | 1.65 | 3.75 | 8.35 | 13.38 | 24.77 |
Net cash position: cash ($35M) exceeds total debt ($5M)
TANH Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Tantech Holdings Ltd's current ratio of 10.02x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The current ratio has improved from 7.88x to 10.02x over the past 3 years.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 10.02 | 10.02 | 6.57 | 7.88 | 4.86 | 4.87 | 3.56 | 3.17 | 3.33 | 4.52 | 4.55 |
| Quick Ratio | 10.00 | 10.00 | 6.50 | 7.82 | 4.81 | 4.83 | 3.53 | 3.09 | 3.23 | 4.43 | 4.48 |
| Cash Ratio | 2.99 | 2.99 | 1.65 | 1.40 | 1.98 | 2.21 | 0.65 | 0.35 | 0.37 | 0.42 | 0.45 |
| Asset Turnover | — | 0.30 | 0.33 | 0.40 | 0.41 | 0.36 | 0.43 | 0.22 | 0.31 | 0.51 | 0.68 |
| Inventory Turnover | 177.77 | 177.77 | 30.06 | 48.29 | 41.91 | 56.32 | 72.62 | 11.00 | 11.73 | 28.46 | 38.24 |
| Days Sales Outstanding | — | 656.65 | 650.59 | 573.45 | 302.41 | 297.04 | 291.76 | 401.23 | 379.94 | 311.21 | 251.93 |
TANH Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Tantech Holdings Ltd does not currently pay a dividend and has no material buyback yield, reinvesting earnings back into the business.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | 226.7% | 3.5% | — | — | — | 0.1% | 0.1% | 0.1% | 0.2% |
| FCF Yield | 100.0% | 109.3% | 3.7% | 9.5% | — | 0.9% | 0.7% | 0.7% | 0.1% | — | 0.1% |
| 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 | — | $423174 | $3M | $1M | $172864 | $123192 | $120221 | $119773 | $108216 | $95913 | $88502 |
Peer Comparison
Compare TANH with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 TANHYou | $410589 | -0.0 | -5.4 | 0.1 | 20.8% | 9.3% | -2.6% | 3.0% | 0.8 |
 CODA | $134M | 32.2 | 17.9 | 22.2 | 66.5% | 17.1% | 7.4% | 11.2% | 0.1 |
 CBAT | $71M | 6.1 | 5.2 | 3.1 | 23.7% | 5.0% | 10.1% | 4.6% | 1.7 |
 NRGV | $728M | -6.5 | — | — | 23.6% | -36.5% | -96.4% | -49.5% | — |
 GPRE | $1B | -9.4 | 103.0 | 16.1 | 1.8% | -4.0% | -14.7% | -5.3% | 35.8 |
 AMTX | $221M | -2.5 | — | — | -0.4% | -17.9% | — | -70.3% | — |
 GEVO | $497M | -14.6 | 97.6 | — | — | -12.6% | 0.3% | -3.6% | 0.5 |
 PESI | $218M | -15.7 | — | — | 9.6% | -19.0% | -24.5% | -21.7% | — |
 BEEM | $35M | -2.4 | — | — | 14.8% | -23.6% | -24.8% | -22.1% | — |
 PLUG | $5B | — | — | — | 99.8% | 38.1% | -175.6% | 10.9% | — |
 FCEL | $674M | -1.7 | — | — | -16.7% | -76.6% | -25.8% | -14.0% | — |
| Consumer Defensive Median | — | 19.6 | 11.4 | 15.7 | 40.1% | 1.4% | 6.8% | 5.5% | 3.4 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 13 years · Updated daily
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Start ComparisonTANH — Frequently Asked Questions
Quick answers to the most common questions about buying TANH stock.
What is Tantech Holdings Ltd's P/E ratio?
Tantech Holdings Ltd's current P/E ratio is -0.0x. The historical average is 14.6x.
What is Tantech Holdings Ltd's EV/EBITDA?
Tantech Holdings Ltd's current EV/EBITDA is -5.4x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 30.4x.
What is Tantech Holdings Ltd's ROE?
Tantech Holdings Ltd's return on equity (ROE) is -2.6%. The historical average is 5.7%.
Is TANH stock overvalued?
Based on historical data, Tantech Holdings Ltd is trading at a P/E of -0.0x. Compare with industry peers and growth rates for a complete picture.
What are Tantech Holdings Ltd's profit margins?
Tantech Holdings Ltd has 20.8% gross margin and 9.3% operating margin.
How much debt does Tantech Holdings Ltd have?
Tantech Holdings Ltd's Debt/EBITDA ratio is 0.8x, indicating low leverage. A ratio below 2x is generally considered financially healthy.