Latest Ratios: P/E Ratio 15.6x · EV/EBITDA 13.5x · ROE 18.2%. (1996–2025 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 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $33M | $28M | $44M | $33M | $48M | $76M | $66M | $90M | $84M | $85M | $71M |
| Enterprise Value | $32M | $27M | $42M | $25M | $47M | $75M | $65M | $89M | $83M | $84M | $71M |
| P/E Ratio → | 15.57 | 13.39 | 13.46 | 12.86 | 18.64 | 16.29 | 19.97 | 18.89 | 19.31 | 22.02 | 27.68 |
| P/S Ratio | 3.12 | 2.68 | 3.61 | 3.04 | 3.78 | 5.43 | 6.01 | 6.64 | 6.10 | 6.55 | 6.61 |
| P/B Ratio | 2.93 | 2.52 | 3.70 | 2.90 | 5.18 | 7.70 | 6.38 | 8.49 | 7.69 | 7.46 | 5.15 |
| P/FCF | 17.24 | 14.83 | 14.48 | 11.10 | 19.58 | 14.54 | 18.61 | 20.69 | 17.23 | 21.50 | 33.53 |
| P/OCF | 16.73 | 14.39 | 12.67 | 10.52 | 18.99 | 14.22 | 18.38 | 20.17 | 16.97 | 21.29 | 31.09 |
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 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 2.57 | 3.45 | 2.28 | 3.71 | 5.39 | 5.96 | 6.56 | 6.06 | 6.50 | 6.57 |
| EV / EBITDA | 13.46 | 11.50 | 11.23 | 8.37 | 11.30 | 12.91 | 17.22 | 16.01 | 14.46 | 15.50 | 19.79 |
| EV / EBIT | 14.11 | 10.23 | 10.23 | 7.64 | 9.72 | 12.77 | 18.01 | 16.54 | 14.96 | 16.10 | 20.88 |
| EV / FCF | — | 14.18 | 13.86 | 8.34 | 19.24 | 14.44 | 18.44 | 20.45 | 17.12 | 21.31 | 33.33 |
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 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 47.7% | 47.7% | 53.0% | 49.7% | 52.8% | 58.7% | 55.6% | 58.4% | 58.8% | 59.1% | 54.7% |
| Operating Margin | 21.3% | 21.3% | 29.9% | 26.3% | 31.8% | 40.7% | 33.1% | 39.7% | 40.5% | 40.4% | 31.5% |
| Net Profit Margin | 20.0% | 20.0% | 26.7% | 23.7% | 20.2% | 33.4% | 30.1% | 35.0% | 31.6% | 29.6% | 24.0% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 18.2% | 18.2% | 27.9% | 25.0% | 26.9% | 46.2% | 31.5% | 44.2% | 39.0% | 30.5% | 18.2% |
| ROA | 15.7% | 15.7% | 24.3% | 21.9% | 22.5% | 38.6% | 27.2% | 38.2% | 34.3% | 27.5% | 16.8% |
| ROIC | 16.8% | 16.8% | 41.6% | 37.1% | 34.2% | 44.6% | 28.2% | 40.6% | 39.8% | 32.6% | 18.9% |
| ROCE | 19.2% | 19.2% | 31.3% | 27.7% | 42.1% | 55.5% | 33.8% | 48.6% | 49.4% | 41.1% | 23.6% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | — | — | — | — | — | — | — | — | — | — | — |
| Debt / EBITDA | — | — | — | — | — | — | — | — | — | — | — |
| Net Debt / Equity | — | -0.11 | -0.16 | -0.72 | -0.09 | -0.05 | -0.06 | -0.10 | -0.05 | -0.06 | -0.03 |
| Net Debt / EBITDA | -0.53 | -0.53 | -0.50 | -2.78 | -0.20 | -0.09 | -0.16 | -0.19 | -0.10 | -0.13 | -0.12 |
| Debt / FCF | — | -0.66 | -0.62 | -2.77 | -0.34 | -0.10 | -0.17 | -0.24 | -0.11 | -0.18 | -0.20 |
| Interest Coverage | — | — | — | — | 2.99 | — | — | — | 24.48 | — | — |
Net cash position: cash ($1M) exceeds total debt ($0)
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 7.31 | 7.31 | 6.62 | 7.99 | 7.26 | 4.95 | 7.95 | 8.61 | 8.55 | 8.33 | 13.36 |
| Quick Ratio | 6.41 | 6.41 | 5.86 | 7.19 | 6.04 | 4.35 | 6.95 | 7.71 | 7.47 | 7.39 | 12.15 |
| Cash Ratio | 5.14 | 5.14 | 4.91 | 5.93 | 4.72 | 3.49 | 5.79 | 5.89 | 5.98 | 5.94 | 10.17 |
| Asset Turnover | — | 0.80 | 0.88 | 0.84 | 1.19 | 1.14 | 0.92 | 1.10 | 1.10 | 1.01 | 0.71 |
| Inventory Turnover | 3.66 | 3.66 | 3.94 | 4.48 | 3.59 | 4.07 | 3.44 | 4.65 | 3.82 | 3.95 | 3.89 |
| Days Sales Outstanding | — | 54.93 | 42.80 | 52.54 | 41.03 | 47.52 | 46.10 | 56.32 | 44.34 | 53.63 | 54.12 |
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 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 8.4% | 9.8% | 6.3% | 1.4% | 6.5% | 6.9% | 5.4% | 5.6% | 5.7% | 7.7% | 4.8% |
| Payout Ratio | 131.4% | 131.4% | 84.8% | 17.8% | 121.6% | 111.4% | 108.4% | 106.1% | 110.7% | 169.3% | 133.2% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 6.4% | 7.5% | 7.4% | 7.8% | 5.4% | 6.1% | 5.0% | 5.3% | 5.2% | 4.5% | 3.6% |
| FCF Yield | 5.8% | 6.7% | 6.9% | 9.0% | 5.1% | 6.9% | 5.4% | 4.8% | 5.8% | 4.7% | 3.0% |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 8.4% | 9.8% | 6.3% | 1.4% | 6.5% | 6.9% | 5.4% | 5.6% | 5.7% | 7.7% | 4.8% |
| Shares Outstanding | — | $5M | $5M | $5M | $5M | $5M | $5M | $5M | $5M | $5M | $5M |
Dividend sustainability and liquidity
According to current market data, United-Guardian trades at a P/E of 15.57 and a P/S of 3.12, which appears to reflect a premium for its historical dividend yield of 8.4% rather than an accurate assessment of its underlying earnings volatility and recent revenue contraction.
The current valuation suggests investors are pricing the company as a stable income vehicle, yet the lack of forward-looking multiples indicates the market may be struggling to reconcile the dividend yield with the company's declining cash reserves. This valuation gap warrants caution, as the market may be ignoring the operational risks inherent in the firm's reliance on a narrow distribution base.
Based on reported financial statements, United-Guardian's ROIC has experienced a significant decline from 21.4% in 2024Q2 to 4.8% in 2026Q1, suggesting that the company is struggling to maintain its historical ability to compound returns on its invested capital base.
The sharp drop in ROIC indicates that the firm's core manufacturing and formulation activities are becoming less efficient at generating returns relative to the capital employed. This trend suggests that the company's competitive moat may be narrowing, as the returns on its niche product lines fail to keep pace with historical performance benchmarks.
As reported in quarterly filings, the company's cash conversion cycle has trended toward 126 days in 2026Q1, reflecting a deterioration in working capital efficiency compared to the 97-day cycle observed in 2024Q3, largely driven by rising inventory days and inconsistent receivable collection.
The lengthening of the cash conversion cycle suggests that United-Guardian is becoming less effective at managing its inventory and customer payments, which directly pressures its already thin liquidity position. Investors should monitor whether this inefficiency is a structural shift in distributor behavior or a temporary byproduct of the recent revenue downturn.
According to recent balance sheet disclosures, the company's cash position has dwindled to $1.25 million, a level that appears increasingly inadequate given the firm's ongoing dividend commitments and the volatility of its operating cash flow observed over the last ten quarters.
While the current ratio of 8.05 remains high, it is largely a function of accounting assets that do not provide immediate liquidity for operational needs. The rapid depletion of cash reserves suggests that the company's financial flexibility is becoming constrained, potentially limiting its ability to navigate future market shocks or invest in necessary product innovation.
The current ratio is the most commonly misapplied metric for United-Guardian, as it creates a false sense of security by including non-liquid assets while ignoring the rapid, absolute decline in cash reserves that threatens the company's ability to sustain its dividend policy.
Analysts should instead focus on the absolute cash balance and the cash-to-dividend coverage ratio to assess true solvency. Relying on the current ratio obscures the reality that the company's liquidity is being systematically drained to support shareholder payouts, which may not be sustainable if revenue trends do not improve.
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying UG stock.
United-Guardian, Inc.'s current P/E ratio is 15.6x. The historical average is 17.3x. This places it at the 37th percentile of its historical range.
United-Guardian, Inc.'s current EV/EBITDA is 13.5x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 11.5x.
United-Guardian, Inc.'s return on equity (ROE) is 18.2%. The historical average is 26.3%.
Based on historical data, United-Guardian, Inc. is trading at a P/E of 15.6x. This is at the 37th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
United-Guardian, Inc.'s current dividend yield is 8.41% with a payout ratio of 131.4%.
United-Guardian, Inc. has 47.7% gross margin and 21.3% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.