6 years of historical data (2019–2024) · Technology · Software - Infrastructure
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Tuya Inc. trades at 281.2x earnings, 34% above its 5-year average of 210.6x, sitting at the 50th percentile of its historical range. Compared to the Technology sector median P/E of 26.7x, the stock trades at a premium of 952%. On a free-cash-flow basis, the stock trades at 18.5x P/FCF, 27% below the 5-year average of 25.2x.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Market Cap | $1.4B | $1.1B | $1.3B | $1.1B | $3.1B | — | — |
| Enterprise Value | $764M | $409M | $787M | $933M | $2.1B | — | — |
| P/E Ratio → | 281.18 | 210.59 | — | — | — | — | — |
| P/S Ratio | 4.73 | 3.54 | 5.55 | 5.08 | 10.12 | — | — |
| P/B Ratio | 1.40 | 1.05 | 1.32 | 1.10 | 2.75 | — | — |
| P/FCF | 18.54 | 13.88 | 36.59 | — | — | — | — |
| P/OCF | 17.57 | 13.16 | 35.09 | — | — | — | — |
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 |
|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.37 | 3.42 | 4.48 | 7.00 | — | — |
| EV / EBITDA | — | — | — | — | — | — | — |
| EV / EBIT | — | — | — | — | — | — | — |
| EV / FCF | — | 5.37 | 22.53 | — | — | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Tuya Inc. earns an operating margin of -15.9%. Operating margins have expanded from -80.8% to -15.9% over the past 3 years, signaling improving operational efficiency. ROE of 0.5% is modest.
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 |
|---|---|---|---|---|---|---|---|
| Gross Margin | 47.4% | 47.4% | 46.4% | 43.0% | 42.3% | 34.4% | 26.3% |
| Operating Margin | -15.9% | -15.9% | -46.0% | -80.8% | -60.8% | -38.8% | -69.4% |
| Net Profit Margin | 1.7% | 1.7% | -26.2% | -70.2% | -58.1% | -37.2% | -66.6% |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| ROE | 0.5% | 0.5% | -6.2% | -14.1% | -37.0% | — | — |
| ROA | 0.5% | 0.5% | -5.7% | -12.7% | -23.2% | -24.5% | -25.2% |
| ROIC | -8.5% | -8.5% | -12.0% | -25.0% | -80.3% | — | — |
| ROCE | -4.8% | -4.8% | -10.8% | -15.9% | -27.9% | -34.5% | -32.1% |
Solvency and debt-coverage ratios — lower is generally safer
The company holds a net cash position — cash of $653M exceeds total debt of $5M, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.00 | 0.00 | 0.01 | 0.01 | 0.02 | — | — |
| Debt / EBITDA | — | — | — | — | — | — | — |
| Net Debt / Equity | — | -0.64 | -0.51 | -0.13 | -0.85 | — | — |
| Net Debt / EBITDA | — | — | — | — | — | — | — |
| Debt / FCF | — | -8.51 | -14.06 | — | — | — | — |
| Interest Coverage | — | — | — | — | — | — | — |
Net cash position: cash ($653M) exceeds total debt ($5M)
Short-term solvency ratios and asset-utilisation metrics
Tuya Inc.'s current ratio of 9.57x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The current ratio has declined from 12.59x to 9.57x over the past 3 years.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Current Ratio | 9.57 | 9.57 | 9.69 | 12.59 | 10.92 | 2.70 | 5.30 |
| Quick Ratio | 9.32 | 9.32 | 9.31 | 12.03 | 10.35 | 2.24 | 4.84 |
| Cash Ratio | 8.99 | 8.99 | 9.02 | 11.74 | 9.77 | 1.96 | 4.57 |
| Asset Turnover | — | 0.27 | 0.22 | 0.20 | 0.24 | 0.67 | 0.38 |
| Inventory Turnover | 6.59 | 6.59 | 3.75 | 2.62 | 2.78 | 2.79 | 3.39 |
| Days Sales Outstanding | — | 27.76 | 22.49 | 26.19 | 42.31 | 44.22 | 24.41 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Tuya Inc. returns 2.3% to shareholders annually — split between a 2.3% dividend yield and 0.0% buyback yield. The payout ratio exceeds 100% at 661.2%, meaning the company is paying out more than it earns — this level is unsustainable long-term without earnings recovery. The earnings yield of 0.4% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
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 |
|---|---|---|---|---|---|---|---|
| Dividend Yield | 2.3% | 3.1% | — | — | — | — | — |
| Payout Ratio | 661.2% | 661.2% | — | — | — | — | — |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Earnings Yield | 0.4% | 0.5% | — | — | — | — | — |
| FCF Yield | 5.4% | 7.2% | 2.7% | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.3% | 4.6% | 2.1% | — | — |
| Total Shareholder Yield | 2.3% | 3.1% | 0.3% | 4.6% | 2.1% | — | — |
| Shares Outstanding | — | $591M | $555M | $554M | $489M | $561M | $561M |
Compare TUYA 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 |
|---|---|---|---|---|---|---|---|---|---|
| $1B | 281.2 | — | 18.5 | 47.4% | -15.9% | 0.5% | -8.5% | — | |
| $271M | -8.3 | — | — | 34.5% | -23.9% | -10.6% | -22.2% | — | |
| $2B | 105.2 | 231.8 | 23.1 | 44.0% | 1.1% | 13.1% | 35.9% | 1.1 | |
| $1B | -10.8 | — | — | 18.3% | -0.5% | -2.5% | -0.2% | — | |
| $11B | 27.9 | 14.1 | 13.5 | 45.9% | 14.8% | 11.7% | 10.6% | 2.9 | |
| $144M | -0.7 | — | — | — | -5.5% | -96.5% | -7.6% | — | |
| $3B | 176.2 | 73.5 | 25.6 | 56.8% | 2.1% | 2.2% | 2.1% | 0.7 | |
| $1B | -110.5 | 17.1 | — | 37.5% | 5.7% | -4.1% | 3.3% | 5.0 | |
| $2.9T | 38.1 | 20.6 | 382.3 | 50.3% | 11.2% | 22.3% | 14.7% | 1.0 | |
| $4.6T | 35.6 | 31.1 | 63.5 | 59.7% | 32.1% | 35.7% | 25.1% | 0.4 | |
| $3.1T | 30.2 | 19.3 | 42.7 | 68.8% | 45.6% | 33.3% | 24.9% | 0.7 | |
| Technology Median | — | 26.7 | 17.5 | 19.5 | 48.9% | -0.6% | 2.5% | 3.0% | 2.9 |
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Start ComparisonQuick answers to the most common questions about buying TUYA stock.
Tuya Inc.'s current P/E ratio is 281.2x. This places it at the 50th percentile of its historical range.
Tuya Inc.'s return on equity (ROE) is 0.5%. The historical average is -14.2%.
Based on historical data, Tuya Inc. is trading at a P/E of 281.2x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Tuya Inc.'s current dividend yield is 2.34% with a payout ratio of 661.2%.
Tuya Inc. has 47.4% gross margin and -15.9% operating margin.