Latest Ratios: P/E Ratio -0.0x · EV/EBITDA N/A · ROE -238.7%. (2022–2025 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 |
|---|---|---|---|---|---|
| Market Cap | $641067 | $5M | $10M | — | — |
| Enterprise Value | $20M | $24M | $29M | — | — |
| P/E Ratio → | -0.02 | — | — | — | — |
| P/S Ratio | 0.01 | 0.10 | 0.20 | — | — |
| P/B Ratio | 0.91 | 5.11 | 0.27 | — | — |
| 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 |
|---|---|---|---|---|---|
| EV / Revenue | — | 0.54 | 0.60 | — | — |
| 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 |
|---|---|---|---|---|---|
| Gross Margin | 31.1% | 31.1% | 36.6% | 35.3% | 38.7% |
| Operating Margin | -23.0% | -23.0% | -157.4% | -20.6% | -17.1% |
| Net Profit Margin | -99.0% | -99.0% | -175.3% | -2.2% | -55.0% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| ROE | -238.7% | -238.7% | -156.3% | -3.3% | — |
| ROA | -62.4% | -62.4% | -80.0% | -1.1% | -41.5% |
| ROIC | -20.3% | -20.3% | -80.2% | -16.9% | — |
| ROCE | -27.7% | -27.7% | -98.7% | -19.6% | — |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Debt / Equity | 23.55 | 23.55 | 0.64 | 0.24 | — |
| Debt / EBITDA | — | — | — | — | — |
| Net Debt / Equity | — | 21.45 | 0.54 | 0.20 | — |
| Net Debt / EBITDA | — | — | — | — | — |
| Debt / FCF | — | — | — | — | — |
| Interest Coverage | -11.18 | -11.18 | -9.45 | -5.06 | -83.96 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Current Ratio | 0.50 | 0.50 | 0.54 | 0.68 | 0.24 |
| Quick Ratio | 0.50 | 0.50 | 0.53 | 0.67 | 0.24 |
| Cash Ratio | 0.08 | 0.08 | 0.11 | 0.12 | 0.09 |
| Asset Turnover | — | 0.90 | 0.52 | 0.30 | 0.75 |
| Inventory Turnover | 385.46 | 385.46 | 350.18 | 200.54 | 9394.18 |
| Days Sales Outstanding | — | 107.04 | 93.45 | 130.07 | 119.11 |
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 |
|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — |
| FCF Yield | — | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | — | — |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | — | — |
| Shares Outstanding | — | $2M | $1M | $1M | $1M |
Imminent liquidity and solvency risk
Based on reported figures, TNMG trades at a P/S multiple of 0.01, a valuation level that suggests the market has largely abandoned expectations for near-term profitability or growth, viewing the company as a distressed asset rather than a viable digital media platform.
The extreme discount to peers like Zeta Global indicates that investors are pricing in a high probability of equity dilution or restructuring. This valuation multiple is essentially meaningless in a traditional sense, as it reflects a market consensus that the current business model is unable to generate positive earnings or sustain its existing capital structure.
As reported in financial statements, TNMG's ROIC has consistently remained in negative territory, reaching -9.6% in 2025Q4, which demonstrates that the company is currently destroying shareholder value rather than compounding it through its regional media and technology investments.
The persistent negative return on capital suggests that the costs associated with the company's dual-market expansion and AI-driven platform development are not yielding sufficient incremental returns. This trend warrants further investigation into whether the underlying assets are capable of ever achieving a positive spread over the cost of capital.
According to recent quarterly data, TNMG's cash conversion cycle has fluctuated significantly, reaching 15 days in 2025Q4, which highlights the company's struggle to maintain consistent working capital efficiency amidst its ongoing organizational restructuring and shifting revenue recognition patterns.
The volatility in DSO and DPO suggests that the company lacks the leverage to dictate payment terms to its customers or suppliers, leaving it vulnerable to cash flow mismatches. Investors should monitor whether these fluctuations are a result of temporary integration issues or a structural inability to manage liquidity effectively.
Based on the latest quarterly filings, TNMG's current ratio of 0.50 indicates that the company possesses insufficient liquid assets to meet its short-term obligations, a precarious position that leaves little room for error in a softening digital advertising market.
The reliance on a $1.9M cash balance to support a business with significant fixed costs suggests that the company is operating with virtually no margin for error. This liquidity profile appears highly vulnerable to any further revenue contraction or unexpected cash outflows, potentially necessitating immediate external financing.
As evidenced by the company's financial profile, the P/S ratio is the most commonly misapplied metric for TNMG, as it obscures the underlying cash burn and the lack of operating leverage inherent in its high-fixed-cost media and technology business model.
Using revenue multiples for a company with negative operating margins and a collapsing equity base provides a false sense of value. Analysts should instead focus on the cash burn rate and the sustainability of the current liquidity position, as these metrics are far more indicative of the company's survival prospects than top-line performance.
Includes 30+ ratios · 4 years · Updated daily
DCF models, multiple analysis, and analyst estimates.
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Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying TNMG stock.
TNL Mediagene's current P/E ratio is -0.0x. This places it at the 50th percentile of its historical range.
TNL Mediagene's return on equity (ROE) is -238.7%. The historical average is -132.8%.
Based on historical data, TNL Mediagene is trading at a P/E of -0.0x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
TNL Mediagene has 31.1% gross margin and -23.0% operating margin.