Latest Ratios: P/E Ratio -0.2x · EV/EBITDA N/A · ROE -331.0%. (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 | $7M | $1M | $2M | $17M | — | — | — |
| Enterprise Value | $6M | $1M | $2M | $18M | — | — | — |
| P/E Ratio → | -0.20 | — | — | — | — | — | — |
| P/S Ratio | 2.80 | 0.56 | 0.11 | 0.25 | — | — | — |
| P/B Ratio | 0.43 | 0.12 | 0.72 | — | — | — | — |
| 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 | — | 0.52 | 0.10 | 0.25 | — | — | — |
| 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 | 71.6% | 71.6% | 3.7% | 0.8% | 0.6% | 1.0% | 16.0% |
| Operating Margin | -945.3% | -945.3% | -27.5% | -14.7% | -12.8% | -54.2% | -41.4% |
| Net Profit Margin | -1003.1% | -1003.1% | -29.8% | -16.9% | -14.7% | -56.5% | -41.4% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| ROE | -331.0% | -331.0% | -405.3% | — | — | — | -26.4% |
| ROA | -244.1% | -244.1% | -123.7% | -258.4% | -367.5% | -366.5% | -17.5% |
| ROIC | -237.6% | -237.6% | -256.2% | -2527.4% | — | — | — |
| ROCE | -302.1% | -302.1% | -369.3% | — | — | — | -26.4% |
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 | 0.01 | 0.01 | 0.02 | — | — | — | 0.13 |
| Debt / EBITDA | — | — | — | — | — | — | — |
| Net Debt / Equity | — | -0.01 | -0.04 | — | — | — | 0.13 |
| Net Debt / EBITDA | — | — | — | — | — | — | — |
| Debt / FCF | — | — | — | — | — | — | — |
| Interest Coverage | -1048.44 | -1048.44 | -14.11 | -7.40 | -6.29 | -18.67 | — |
Net cash position: cash ($236895) exceeds total debt ($159237)
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Current Ratio | 1.51 | 1.51 | 1.07 | 0.93 | 0.12 | 0.70 | 2.96 |
| Quick Ratio | 1.50 | 1.50 | 1.04 | 0.87 | 0.11 | 0.62 | 2.96 |
| Cash Ratio | 0.06 | 0.06 | 0.42 | 0.71 | 0.10 | 0.55 | 2.16 |
| Asset Turnover | — | 0.16 | 5.16 | 10.89 | 29.46 | 3.80 | 0.42 |
| Inventory Turnover | 50.12 | 50.12 | 773.68 | 171.98 | 366.54 | 35.34 | — |
| Days Sales Outstanding | — | 249.47 | — | 0.86 | — | 4.04 | 119.76 |
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 | — | — | — | — | — | — | — |
| FCF Yield | — | — | — | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | — | — | — |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.0% | — | — | — |
| Shares Outstanding | — | $1M | $17173 | $4769 | $2946 | $3012 | $3012 |
Imminent liquidity exhaustion
Based on reported figures, TGL trades at a P/S ratio of 2.80, a multiple that appears disconnected from the company's 89% revenue contraction and suggests the market is pricing the equity as a speculative option rather than a viable, growing technology platform.
The lack of a meaningful P/E or EV/EBITDA multiple underscores the company's inability to generate positive earnings or cash flow. Investors should monitor whether the current P/B of 0.43 represents a genuine floor or if further asset impairments will continue to erode the book value of the firm.
As reported in financial statements, TGL's ROIC has consistently languished in negative territory, reaching -24.8% in 2026Q3, which indicates that the company is destroying shareholder capital rather than compounding it through its Z-City ecosystem investments.
The persistent negative returns on invested capital suggest that the platform's underlying unit economics are fundamentally flawed. Without a significant pivot to positive margins, the company appears unable to generate returns that exceed its cost of capital, rendering current investment levels value-destructive.
According to recent SEC filings, TGL's cash conversion cycle has shown extreme volatility, peaking at 798 days in 2026Q1, which reveals a structural inability to efficiently manage receivables and payables in its Malaysian merchant network.
The erratic nature of the cash conversion cycle suggests that the company lacks leverage over its merchant partners, leading to significant delays in cash collection. This inefficiency exacerbates the firm's liquidity constraints, as capital remains trapped in the operating cycle rather than funding core growth initiatives.
Based on the provided financial data, TGL's current ratio of 3.57 in 2026Q3 masks a precarious reality, as the absolute cash balance of only $236,895 is insufficient to cover ongoing operating losses and corporate overhead requirements.
While the current ratio appears superficially healthy, the lack of liquid assets relative to the burn rate suggests that the company is highly vulnerable to insolvency. Investors should monitor the potential for near-term dilutive financing, as the current liquidity position provides little room for operational error.
As indicated by historical income statements, the 71.65% gross margin is a commonly misapplied metric for TGL, as it obscures the company's inability to achieve the scale necessary to cover its massive fixed G&A expenses.
Analysts should prioritize operating margin and free cash flow over gross margin, as the latter fails to account for the high fixed-cost burden of maintaining a public listing and platform development. Focusing on gross margin alone risks overestimating the company's path to profitability in a low-volume environment.
Includes 30+ ratios · 6 years · Updated daily
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Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying TGL stock.
Treasure Global Inc.'s current P/E ratio is -0.2x. This places it at the 50th percentile of its historical range.
Treasure Global Inc.'s return on equity (ROE) is -331.0%. The historical average is -254.2%.
Based on historical data, Treasure Global Inc. is trading at a P/E of -0.2x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Treasure Global Inc. has 71.6% gross margin and -945.3% operating margin.