Latest Ratios: P/E Ratio -0.3x · EV/EBITDA N/A · ROE -12.0%. (2017–2024 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $997705 | $305M | $279M | $752M | $2.7B | — | — | — | — |
| Enterprise Value | $2M | $305M | $279M | $752M | $2.7B | — | — | — | — |
| P/E Ratio → | -0.25 | — | — | — | — | — | — | — | — |
| P/S Ratio | 0.31 | 94.61 | 223.97 | 556.29 | 968.87 | — | — | — | — |
| P/B Ratio | 0.03 | 8.99 | 8.60 | 22.46 | 69.34 | — | — | — | — |
| P/FCF | 1.11 | 339.22 | 280.26 | — | — | — | — | — | — |
| P/OCF | 1.11 | 339.22 | 280.26 | — | — | — | — | — | — |
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 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 94.88 | 224.01 | 556.39 | 958.34 | — | — | — | — |
| EV / EBITDA | — | — | — | — | — | — | — | — | — |
| EV / EBIT | — | — | — | — | — | — | — | — | — |
| EV / FCF | — | 340.20 | 280.32 | — | — | — | — | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 47.1% | 47.1% | 63.0% | -99.1% | 66.0% | 77.1% | 67.5% | 100.0% | 91.0% |
| Operating Margin | -144.3% | -144.3% | -242.4% | -374.9% | -80.8% | 17.2% | 5.1% | 47.3% | 72.9% |
| Net Profit Margin | -123.8% | -123.8% | -197.2% | -346.5% | -69.7% | 19.5% | 8.8% | 36.3% | 62.9% |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|
| ROE | -12.0% | -12.0% | -7.4% | -12.9% | -8.2% | 7.8% | 2.3% | 27.4% | 134.1% |
| ROA | -10.6% | -10.6% | -7.0% | -12.4% | -7.7% | 6.9% | 2.0% | 23.1% | 97.4% |
| ROIC | -10.4% | -10.4% | -6.8% | -17.6% | -27.1% | 19.6% | 6.0% | 124.6% | 134.5% |
| ROCE | -14.0% | -14.0% | -9.1% | -13.9% | -9.4% | 6.8% | 1.4% | 35.6% | 155.3% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.03 | 0.03 | 0.00 | 0.00 | 0.02 | 0.04 | 0.02 | 0.05 | — |
| Debt / EBITDA | — | — | — | — | — | 0.41 | 0.86 | 0.25 | — |
| Net Debt / Equity | — | 0.03 | 0.00 | 0.00 | -0.75 | -0.67 | -0.81 | -0.85 | -0.13 |
| Net Debt / EBITDA | — | — | — | — | — | -7.38 | -44.59 | -4.26 | -0.09 |
| Debt / FCF | — | 0.98 | 0.06 | — | — | — | -180.55 | -4.64 | -0.21 |
| Interest Coverage | — | — | — | — | — | — | 5.45 | 63.75 | — |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 6.74 | 6.74 | 9.02 | 23.33 | 28.30 | 7.42 | 10.23 | 6.67 | 2.51 |
| Quick Ratio | 6.74 | 6.74 | 9.02 | 23.33 | 28.30 | 7.42 | 10.21 | 6.66 | 2.51 |
| Cash Ratio | 4.80 | 4.80 | 8.75 | 17.52 | 26.86 | 4.76 | 7.90 | 5.29 | 0.36 |
| Asset Turnover | — | 0.08 | 0.04 | 0.04 | 0.07 | 0.32 | 0.24 | 0.35 | 1.55 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — |
| 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 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | — | — | — | — |
| FCF Yield | 90.0% | 0.3% | 0.4% | — | — | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — | — | — | — |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — | — | — | — |
| Shares Outstanding | — | $33M | $13M | $10M | $7M | $6M | $4M | $4M | $4M |
Severe liquidity and solvency
As reported in financial statements, TIRX's P/B ratio has plummeted to 0.03, a valuation level that suggests the market has largely discounted the firm's book value due to the rapid erosion of equity and persistent inability to generate positive returns on capital.
The current P/B multiple indicates that investors assign almost no value to the company's franchise, likely viewing the brokerage as a distressed entity rather than a going concern. This valuation reflects a deep skepticism regarding the firm's ability to stabilize its capital base or achieve the profitability required to justify its public listing.
Based on the company's reported figures, the combined ratio has exhibited extreme volatility, swinging from 3.1% in 2023Q4 to 50.2% in 2023Q2, which highlights the inherent instability of the firm's niche commercial brokerage model and its sensitivity to unpredictable loss events.
While the reported combined ratios appear low, the lack of consistent data in recent quarters suggests that the firm may be struggling to maintain stable underwriting performance. The fluctuation in loss ratios indicates that the company's reliance on specific commercial niches leaves it vulnerable to sudden spikes in claims that could quickly overwhelm its limited capital reserves.
According to recent SEC filings, the company's transition to a negative equity position in 2025Q2 effectively renders traditional premium-to-surplus leverage metrics moot, as the firm lacks the statutory capital buffer required to support its brokerage operations and meet regulatory requirements.
The deterioration of the capital base suggests that the firm is operating without the necessary financial cushion to absorb underwriting volatility. Investors should monitor whether the company can secure additional capital, as the current lack of surplus limits its ability to underwrite new business or maintain its standing with insurance carriers.
As indicated by the company's reported figures, the P/E ratio is frequently misapplied to TIRX, which obscures the fact that the firm's negative earnings and eroding book value make traditional valuation multiples irrelevant for assessing its true operational viability.
Analysts often focus on P/E or revenue growth, but these metrics fail to account for the severe liquidity constraints and the potential for total equity depletion. A more appropriate focus would be on the cash-to-burn ratio and the stability of the equity base, which provide a clearer picture of the firm's immediate solvency risks.
Includes 30+ ratios · 8 years · Updated daily
DCF models, multiple analysis, and analyst estimates.
10-year return with dividends reinvested.
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Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying TIRX stock.
Tian Ruixiang Holdings Ltd's current P/E ratio is -0.3x. This places it at the 50th percentile of its historical range.
Tian Ruixiang Holdings Ltd's return on equity (ROE) is -12.0%. The historical average is 16.4%.
Based on historical data, Tian Ruixiang Holdings Ltd is trading at a P/E of -0.3x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Tian Ruixiang Holdings Ltd has 47.1% gross margin and -144.3% operating margin.