Latest Ratios: P/E Ratio -0.0x · EV/EBITDA N/A · ROE -22.5%. (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 | $53481 | $671825 | $2M | $2M | — | — | — |
| Enterprise Value | $466755 | $3M | $11M | $46M | — | — | — |
| P/E Ratio → | -0.01 | — | — | — | — | — | — |
| P/S Ratio | 0.01 | 0.02 | 0.04 | 0.12 | — | — | — |
| P/B Ratio | 0.00 | 0.00 | 0.01 | 0.01 | — | — | — |
| 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 | — | 0.08 | 0.25 | 2.31 | — | — | — |
| 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 | 36.3% | 36.3% | 23.6% | 61.6% | 34.1% | 35.9% | 100.0% |
| Operating Margin | -141.7% | -141.7% | -130.9% | -186.7% | -721.5% | -561.2% | -1093.7% |
| Net Profit Margin | -167.1% | -167.1% | -108.2% | -97.8% | -589.0% | -516.8% | -376.4% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| ROE | -22.5% | -22.5% | -14.4% | -7.0% | -19.8% | -15.1% | -1.9% |
| ROA | -18.0% | -18.0% | -11.8% | -5.4% | -14.5% | -12.1% | -1.7% |
| ROIC | -14.1% | -14.1% | -12.1% | -8.9% | -16.7% | -14.5% | — |
| ROCE | -18.6% | -18.6% | -17.0% | -12.8% | -22.5% | -15.6% | -5.3% |
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 | 0.09 | 0.09 | 0.10 | 0.13 | 0.18 | 0.10 | 0.09 |
| Debt / EBITDA | — | — | — | — | — | — | — |
| Net Debt / Equity | — | 0.01 | 0.03 | 0.13 | 0.15 | 0.05 | -0.33 |
| Net Debt / EBITDA | — | — | — | — | — | — | — |
| Debt / FCF | — | — | — | — | — | — | — |
| Interest Coverage | -408.03 | -408.03 | -39.20 | -11.29 | -74.47 | -65.78 | -11.27 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Current Ratio | 1.80 | 1.80 | 1.85 | 2.18 | 0.91 | 1.67 | 4.62 |
| Quick Ratio | 1.65 | 1.65 | 1.67 | 2.11 | 0.82 | 1.50 | 4.61 |
| Cash Ratio | 0.27 | 0.27 | 0.41 | 0.05 | 0.08 | 0.19 | 4.14 |
| Asset Turnover | — | 0.11 | 0.11 | 0.05 | 0.03 | 0.02 | 0.00 |
| Inventory Turnover | 2.13 | 2.13 | 3.43 | 1.40 | 0.94 | 0.38 | — |
| Days Sales Outstanding | — | 855.21 | 453.76 | 810.04 | 81.32 | 8.79 | 2.99 |
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 | — | $44199 | $28546 | $12431 | $5000 | $5000 | $5000 |
Capital exhaustion and insolvency
According to current market data, UCAR trades at a P/S multiple of 0.01, which, when viewed alongside the company's negative earnings and contracting revenue, suggests the market is pricing the equity as a distressed option rather than a viable infrastructure growth vehicle.
The absence of meaningful P/E or EV/EBITDA multiples reflects a market consensus that the company's current business model is not generating sustainable economic value. Investors should monitor whether this valuation floor is supported by the underlying asset base or if it represents a terminal decline in investor confidence regarding the UOTTA technology platform.
Based on reported figures, UCAR's ROIC has remained consistently negative, reaching -9.6% in 2025Q4, which indicates that the company is failing to generate returns that exceed its cost of capital while simultaneously eroding its shareholder equity base.
The inability to achieve positive returns on invested capital suggests that the capital-intensive nature of deploying battery-swapping stations is not being offset by sufficient operational efficiency. This trend warrants further investigation into whether the company's core technology can ever achieve the scale necessary to turn capital deployment into a value-accretive activity.
As reported in financial statements, the company's cash conversion cycle reached 201 days in 2025Q4, a significant deterioration from previous periods, which suggests that UCAR is struggling to manage its inventory and receivables effectively within its B2B fleet-focused business model.
The extended DSO of 228 days implies that the company is facing significant friction in collecting payments from its fleet operator partners, which exacerbates its liquidity constraints. This inefficiency suggests that the company lacks the bargaining power to enforce favorable payment terms, further straining its already limited cash reserves.
According to recent SEC filings, UCAR's current ratio of 1.80 in 2025Q4 masks a deteriorating cash position, as the company's reliance on inventory and receivables to meet short-term obligations leaves it vulnerable to liquidity shocks in the event of a further revenue contraction.
While the current ratio appears superficially adequate, the high proportion of non-cash assets suggests that the company's ability to meet immediate debt service or operational costs is limited. Investors should monitor the company's cash burn rate relative to its remaining liquid assets, as the current trajectory appears unsustainable without external financing.
The most commonly misapplied metric for UCAR is the Price-to-Sales ratio, which obscures the company's structural inability to convert revenue into gross profit due to the high fixed-cost nature of its battery-swapping infrastructure and the lumpy, non-recurring nature of its sourcing services.
Analysts should instead focus on the Station Utilization Rate and Free Cash Flow per station, as these metrics provide a more accurate reflection of the company's operational viability. Relying on P/S ratios in this context risks overestimating the company's growth potential by ignoring the massive operating losses inherent in its current business model.
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 UCAR stock.
U Power Limited's current P/E ratio is -0.0x. This places it at the 50th percentile of its historical range.
U Power Limited's return on equity (ROE) is -22.5%. The historical average is -13.5%.
Based on historical data, U Power Limited 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.
U Power Limited has 36.3% gross margin and -141.7% operating margin.