Tuya Inc. (TUYA) Financial Ratios
7 years of historical data (2019–2025) · Technology · Software - Infrastructure
EV/EBITDA
196.10
↓-36% vs avg
5yr avg: 307.72
P/FCF
↓
15.51
↓-32% vs avg
5yr avg: 22.67
30Y Low13.9·High36.6
P/B Ratio
↓
1.12
↓-25% vs avg
5yr avg: 1.50
30Y Low1.1·High2.7
ROE
↑
5.7%
↓+156% vs avg
5yr avg: -10.2%
30Y Low-37%·High6%
Debt/EBITDA
3.99
+0% vs avg
5yr avg: 3.99
30Y Low4.0·High4.0
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
TUYA Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Tuya Inc. trades at 19.8x earnings, 83% below its 5-year average of 116.4x, sitting at the 0th percentile of its historical range. Compared to the Technology sector median P/E of 29.0x, the stock trades at a discount of 32%. On a free-cash-flow basis, the stock trades at 15.5x P/FCF, 32% below the 5-year average of 22.7x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Market Cap | $1.1B | $1.3B | $1.1B | $1.3B | $1.1B | $3.1B | — | — |
| Enterprise Value | $261M | $410M | $409M | $787M | $933M | $2.1B | — | — |
| P/E Ratio → | 19.77 | 22.30 | 210.59 | — | — | — | — | — |
| P/S Ratio | 3.55 | 4.01 | 3.54 | 5.55 | 5.08 | 10.12 | — | — |
| P/B Ratio | 1.12 | 1.27 | 1.05 | 1.32 | 1.10 | 2.75 | — | — |
| P/FCF | 15.51 | 17.52 | 13.88 | 36.59 | — | — | — | — |
| P/OCF | 14.15 | 15.98 | 13.16 | 35.09 | — | — | — | — |
P/E links to full P/E history page with 30-year chart
TUYA EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Tuya Inc.'s enterprise value stands at 196.1x EBITDA, 36% below its 5-year average of 307.7x. The Technology sector median is 16.7x, placing the stock at a 1077% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.27 | 1.37 | 3.42 | 4.48 | 7.00 | — | — |
| EV / EBITDA | 196.10 | 307.72 | — | — | — | — | — | — |
| EV / EBIT | 196.10 | 307.72 | — | — | — | — | — | — |
| EV / FCF | — | 5.54 | 5.37 | 22.53 | — | — | — | — |
TUYA Profitability
Margins and return-on-capital ratios measuring operating efficiency
Tuya Inc. earns an operating margin of 0.4%. Operating margins have expanded from -46.0% to 0.4% over the past 3 years, signaling improving operational efficiency. ROE of 5.7% is modest. ROIC of 0.4% represents below-average returns on invested capital.
Margins
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 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 48.2% | 48.2% | 47.4% | 46.4% | 43.0% | 42.3% | 34.4% | 26.3% |
| Operating Margin | 0.4% | 0.4% | -15.9% | -46.0% | -80.8% | -60.8% | -38.8% | -69.4% |
| Net Profit Margin | 18.0% | 18.0% | 1.7% | -26.2% | -70.2% | -58.1% | -37.2% | -66.6% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| ROE | 5.7% | 5.7% | 0.5% | -6.2% | -14.1% | -37.0% | — | — |
| ROA | 5.2% | 5.2% | 0.5% | -5.7% | -12.7% | -23.2% | -24.5% | -25.2% |
| ROIC | 0.4% | 0.4% | -8.5% | -12.0% | -25.0% | -80.3% | — | — |
| ROCE | 0.1% | 0.1% | -4.8% | -10.8% | -15.9% | -27.9% | -34.5% | -32.1% |
TUYA Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Tuya Inc. carries a Debt/EBITDA ratio of 4.0x, which is moderately leveraged (36% above the sector average of 2.9x). The company holds a net cash position — cash of $891M exceeds total debt of $5M, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.01 | 0.01 | 0.00 | 0.01 | 0.01 | 0.02 | — | — |
| Debt / EBITDA | 3.99 | 3.99 | — | — | — | — | — | — |
| Net Debt / Equity | — | -0.87 | -0.64 | -0.51 | -0.13 | -0.85 | — | — |
| Net Debt / EBITDA | -664.96 | -664.96 | — | — | — | — | — | — |
| Debt / FCF | — | -11.98 | -8.51 | -14.06 | — | — | — | — |
| Interest Coverage | — | — | — | — | — | — | — | — |
Net cash position: cash ($891M) exceeds total debt ($5M)
TUYA Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Tuya Inc.'s current ratio of 9.63x 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 9.69x to 9.63x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Current Ratio | 9.63 | 9.63 | 9.57 | 9.69 | 12.59 | 10.92 | 2.70 | 5.30 |
| Quick Ratio | 9.34 | 9.34 | 9.32 | 9.31 | 12.03 | 10.35 | 2.24 | 4.84 |
| Cash Ratio | 8.97 | 8.97 | 8.99 | 9.02 | 11.74 | 9.77 | 1.96 | 4.57 |
| Asset Turnover | — | 0.28 | 0.27 | 0.22 | 0.20 | 0.24 | 0.67 | 0.38 |
| Inventory Turnover | 5.40 | 5.40 | 6.59 | 3.75 | 2.62 | 2.78 | 2.79 | 3.39 |
| Days Sales Outstanding | — | 26.36 | 27.76 | 22.49 | 26.19 | 42.31 | 44.22 | 24.41 |
TUYA Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Tuya Inc. returns 6.1% to shareholders annually — split between a 6.1% dividend yield and 0.0% buyback yield. The payout ratio exceeds 100% at 120.3%, meaning the company is paying out more than it earns — this level is unsustainable long-term without earnings recovery. The earnings yield of 5.1% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
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 |
|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 6.1% | 5.4% | 3.1% | — | — | — | — | — |
| Payout Ratio | 120.3% | 120.3% | 661.2% | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 5.1% | 4.5% | 0.5% | — | — | — | — | — |
| FCF Yield | 6.4% | 5.7% | 7.2% | 2.7% | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.3% | 4.6% | 2.1% | — | — |
| Total Shareholder Yield | 6.1% | 5.4% | 3.1% | 0.3% | 4.6% | 2.1% | — | — |
| Shares Outstanding | — | $614M | $591M | $555M | $554M | $489M | $561M | $561M |
Peer Comparison
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 |
|---|---|---|---|---|---|---|---|---|---|
 TUYAYou | $1B | 19.8 | 196.1 | 15.5 | 48.2% | 0.4% | 5.7% | 0.4% | 4.0 |
 SMRT | $218M | -3.5 | — | — | 32.7% | -24.7% | -23.2% | -19.6% | — |
 ARLO | $1B | 93.3 | 127.8 | 21.2 | 44.0% | 1.1% | 13.1% | 35.9% | 0.7 |
 CSIQ | $1B | -10.5 | 11.5 | — | 18.3% | 0.8% | -2.5% | 0.4% | 12.8 |
 ZBRA | $11B | 28.8 | 14.1 | 13.5 | 45.9% | 14.8% | 11.7% | 10.6% | 2.9 |
 TTEC | $104M | -0.5 | 5.5 | 1.3 | 21.8% | 4.5% | -101.0% | 6.3% | 5.4 |
 CALX | $2B | 146.0 | 60.3 | 21.2 | 56.8% | 2.1% | 2.2% | 2.1% | 0.7 |
 SIFY | $1B | -132.1 | 17.5 | — | 37.5% | 5.7% | -4.1% | 3.3% | 5.0 |
 AMZN | $2.6T | 34.1 | 18.5 | 341.6 | 50.3% | 11.2% | 22.3% | 14.7% | 1.0 |
 GOOG | $4.4T | 34.0 | 29.8 | 60.7 | 59.7% | 32.1% | 35.7% | 25.1% | 0.4 |
 MSFT | $2.8T | 27.8 | 17.8 | 39.4 | 68.8% | 45.6% | 33.3% | 24.9% | 0.7 |
| Technology Median | — | 29.0 | 16.7 | 19.2 | 48.8% | 0.2% | 1.6% | 2.7% | 2.9 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Includes 30+ ratios · 7 years · Updated daily
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TUYA — Frequently Asked Questions
Quick answers to the most common questions about buying TUYA stock.
What is Tuya Inc.'s P/E ratio?
Tuya Inc.'s current P/E ratio is 19.8x. The historical average is 22.3x.
What is Tuya Inc.'s EV/EBITDA?
Tuya Inc.'s current EV/EBITDA is 196.1x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA.
What is Tuya Inc.'s ROE?
Tuya Inc.'s return on equity (ROE) is 5.7%. The historical average is -10.2%.
Is TUYA stock overvalued?
Based on historical data, Tuya Inc. is trading at a P/E of 19.8x. Compare with industry peers and growth rates for a complete picture.
What is Tuya Inc.'s dividend yield?
Tuya Inc.'s current dividend yield is 6.09% with a payout ratio of 120.3%.
What are Tuya Inc.'s profit margins?
Tuya Inc. has 48.2% gross margin and 0.4% operating margin.
How much debt does Tuya Inc. have?
Tuya Inc.'s Debt/EBITDA ratio is 4.0x, indicating high leverage. A ratio between 2-4x is manageable but warrants monitoring.