Latest Ratios: P/E Ratio 90.3x · EV/EBITDA 8.9x · ROE 2.5%. (2016–2025 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 | $393M | $320M | $282M | $159M | $391M | $420M | $377M | $364M | $341M | $403M | $313M |
| Enterprise Value | $535M | $462M | $444M | $358M | $531M | $515M | $448M | $472M | $466M | $545M | $463M |
| P/E Ratio → | 90.34 | 76.10 | — | — | 25.20 | 23.25 | 27.39 | 18.46 | 19.92 | — | 81.38 |
| P/S Ratio | 1.13 | 0.92 | 0.82 | 0.47 | 1.20 | 1.49 | 1.42 | 1.32 | 1.21 | 1.46 | 1.17 |
| P/B Ratio | 2.13 | 1.80 | 1.67 | 0.86 | 1.69 | 1.88 | 1.88 | 1.97 | 2.13 | 2.96 | 1.98 |
| P/FCF | 11.02 | 8.97 | 21.63 | — | 30.04 | 11.20 | 8.87 | 8.69 | 14.84 | 17.60 | 151.41 |
| P/OCF | 10.63 | 8.65 | 8.78 | 150.04 | 12.07 | 8.79 | 7.67 | 8.34 | 14.23 | 17.06 | 148.61 |
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 | — | 1.33 | 1.30 | 1.06 | 1.63 | 1.83 | 1.69 | 1.72 | 1.66 | 1.97 | 1.73 |
| EV / EBITDA | 8.91 | 7.69 | 12.48 | — | 11.52 | 12.37 | 13.06 | 12.76 | 12.54 | 15.12 | 12.94 |
| EV / EBIT | 15.86 | 28.52 | 74.52 | — | 21.76 | 19.61 | 20.03 | 15.53 | 18.14 | — | 31.75 |
| EV / FCF | — | 12.95 | 34.10 | — | 40.83 | 13.74 | 10.54 | 11.28 | 20.30 | 23.79 | 224.30 |
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 | 45.4% | 45.4% | 50.8% | 48.2% | 49.0% | 51.6% | 51.5% | 52.5% | 49.7% | 50.9% | 47.8% |
| Operating Margin | 9.7% | 9.7% | 1.9% | -12.6% | 7.0% | 8.8% | 8.0% | 9.0% | 8.9% | 8.4% | 8.4% |
| Net Profit Margin | 1.3% | 1.3% | -6.0% | -13.5% | 4.9% | 6.6% | 5.4% | 7.5% | 6.1% | -6.2% | 1.5% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 2.5% | 2.5% | -11.6% | -22.0% | 7.0% | 8.7% | 7.4% | 11.9% | 11.5% | -11.6% | 2.5% |
| ROA | 1.1% | 1.1% | -4.9% | -10.6% | 3.9% | 5.2% | 4.2% | 5.8% | 5.1% | -5.2% | 1.1% |
| ROIC | 7.8% | 7.8% | 1.4% | -8.5% | 5.0% | 6.3% | 5.6% | 6.4% | 6.6% | 5.9% | 5.5% |
| ROCE | 9.8% | 9.8% | 1.8% | -11.1% | 6.3% | 7.9% | 7.0% | 7.9% | 8.5% | 7.9% | 7.3% |
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 | 0.94 | 0.94 | 1.04 | 1.10 | 0.64 | 0.48 | 0.42 | 0.63 | 0.82 | 1.05 | 0.97 |
| Debt / EBITDA | 2.78 | 2.78 | 4.91 | — | 3.19 | 2.56 | 2.43 | 3.13 | 3.53 | 3.95 | 4.27 |
| Net Debt / Equity | — | 0.80 | 0.96 | 1.08 | 0.61 | 0.43 | 0.35 | 0.59 | 0.78 | 1.04 | 0.95 |
| Net Debt / EBITDA | 2.36 | 2.36 | 4.56 | — | 3.04 | 2.29 | 2.06 | 2.93 | 3.37 | 3.93 | 4.20 |
| Debt / FCF | — | 3.98 | 12.47 | — | 10.79 | 2.54 | 1.67 | 2.59 | 5.46 | 6.19 | 72.89 |
| Interest Coverage | 1.31 | 1.31 | 0.37 | -3.34 | 3.86 | 8.30 | 6.27 | 4.54 | 3.39 | -0.74 | 2.21 |
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 | 1.81 | 1.81 | 1.70 | 2.26 | 1.68 | 1.49 | 1.79 | 1.59 | 1.82 | 1.42 | 1.44 |
| Quick Ratio | 1.79 | 1.79 | 1.69 | 2.25 | 1.66 | 1.47 | 1.76 | 1.56 | 1.78 | 1.38 | 1.38 |
| Cash Ratio | 0.43 | 0.43 | 0.23 | 0.08 | 0.16 | 0.25 | 0.34 | 0.18 | 0.15 | 0.01 | 0.07 |
| Asset Turnover | — | 0.86 | 0.87 | 0.79 | 0.76 | 0.73 | 0.81 | 0.77 | 0.82 | 0.87 | 0.79 |
| Inventory Turnover | 303.77 | 303.77 | 219.73 | 370.25 | 212.42 | 158.81 | 118.30 | 91.51 | 94.24 | 96.00 | 82.17 |
| Days Sales Outstanding | — | 60.41 | 62.23 | 64.78 | 62.33 | 53.22 | 59.67 | 67.58 | 72.29 | 70.01 | 50.90 |
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 | — | — | — | — | — | — | 1.2% | 1.6% | 1.7% | 2.9% | 8.0% |
| Payout Ratio | — | — | — | — | — | — | 30.4% | 28.0% | 33.0% | — | 644.2% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 1.1% | 1.3% | — | — | 4.0% | 4.3% | 3.7% | 5.4% | 5.0% | — | 1.2% |
| FCF Yield | 9.1% | 11.1% | 4.6% | — | 3.3% | 8.9% | 11.3% | 11.5% | 6.7% | 5.7% | 0.7% |
| Buyback Yield | 0.5% | 0.6% | 0.1% | 1.6% | 3.1% | 0.3% | 0.3% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 0.5% | 0.6% | 0.1% | 1.6% | 3.1% | 0.3% | 1.5% | 1.6% | 1.7% | 2.9% | 8.0% |
| Shares Outstanding | — | $14M | $14M | $14M | $14M | $14M | $14M | $14M | $14M | $13M | $13M |
Thin operating margin buffer
According to current market data, TBRG trades at a trailing P/E of 90.34, yet the forward P/E of 9.81 suggests that investors are pricing in a significant earnings recovery, a valuation disconnect that warrants caution given the company's stagnant 1.22% revenue growth and thin net margins.
The extreme divergence between trailing and forward multiples indicates that the market is heavily discounting current earnings volatility while anticipating a successful pivot to higher-margin services. Investors should monitor whether this forward-looking optimism is supported by actual margin expansion, as the current P/S of 1.13 remains modest compared to pure-play RCM peers.
Based on reported financial figures, TBRG's ROIC has struggled to gain traction, hovering near 1.0% in 2026Q1, which indicates that the company is failing to generate meaningful returns on its invested capital despite the recent strategic shift toward a service-led identity and significant debt reduction.
The persistent low ROIC suggests that the capital allocated toward R&D and infrastructure is not yet yielding the expected efficiency gains. This trend implies that the company's core business model may be structurally limited by the high costs of maintaining legacy EHR systems while attempting to scale its RCM operations.
As reported in recent financial statements, TBRG's cash conversion cycle has fluctuated significantly, reaching 11 days in 2026Q1, a trend that reflects the inherent difficulty in managing collections from rural hospital clients whose own financial stability remains a primary risk factor for the company's liquidity.
The variability in DSO, which reached 58 days in the most recent quarter, suggests that the company's cash flow is highly sensitive to the payment cycles of its client base. This dependency on client solvency may continue to constrain working capital efficiency until the company can successfully transition more clients to its automated cloud-based platform.
Based on an analysis of the company's business model, the P/E ratio is a frequently misapplied metric for TBRG, as it fails to account for the significant non-cash charges and restructuring costs that currently distort the company's reported net income and obscure its underlying operational cash flow.
Investors should instead focus on EV/EBITDA or P/FCF to better gauge the company's ability to generate cash from its RCM service business. Relying on P/E in this context may lead to an inaccurate assessment of value, as the metric is heavily influenced by the accounting noise inherent in the company's ongoing transition from legacy software to a service-oriented model.
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Quick answers to the most common questions about buying TBRG stock.
TruBridge, Inc.'s current P/E ratio is 90.3x. The historical average is 38.8x. This places it at the 100th percentile of its historical range.
TruBridge, Inc.'s current EV/EBITDA is 8.9x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 12.3x.
TruBridge, Inc.'s return on equity (ROE) is 2.5%. The historical average is 0.6%.
Based on historical data, TruBridge, Inc. is trading at a P/E of 90.3x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
TruBridge, Inc. has 45.4% gross margin and 9.7% operating margin.
TruBridge, Inc.'s Debt/EBITDA ratio is 2.8x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.