Latest Ratios: P/E Ratio -139.8x · EV/EBITDA N/A · ROE -2.0%. (2018–2025 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 |
|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $647M | $229M | $264M | $193M | $297M | $254M | $44M | — | — |
| Enterprise Value | $638M | $217M | $243M | $188M | $305M | $246M | $32M | — | — |
| P/E Ratio → | -139.84 | — | 27.00 | — | — | — | — | — | — |
| P/S Ratio | 58.58 | 14.72 | 6.18 | 13.93 | — | — | — | — | — |
| P/B Ratio | 2.68 | 0.78 | 0.96 | 1.10 | 1.81 | 3.35 | 0.63 | — | — |
| 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 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 13.89 | 5.69 | 13.60 | — | — | — | — | — |
| EV / EBITDA | — | — | 34.24 | — | — | — | — | — | — |
| EV / EBIT | — | — | 31.30 | — | — | — | — | — | — |
| 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 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 10.0% | 10.0% | 30.3% | 6.5% | — | — | — | — | — |
| Operating Margin | -30.8% | -30.8% | 16.6% | -27.3% | — | — | — | — | — |
| Net Profit Margin | -36.3% | -36.3% | 22.9% | -42.2% | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| ROE | -2.0% | -2.0% | 4.3% | -3.4% | -3.5% | -1.9% | -5.4% | -24.1% | -15.5% |
| ROA | -2.0% | -2.0% | 4.2% | -3.2% | -3.3% | -1.9% | -4.7% | -16.3% | -14.8% |
| ROIC | -1.3% | -1.3% | 2.5% | -1.7% | -3.4% | -1.7% | -3.4% | -4.9% | — |
| ROCE | -1.7% | -1.7% | 3.1% | -2.1% | -4.3% | -2.0% | -4.5% | -8.5% | -15.5% |
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 |
|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.00 | 0.00 | 0.00 | 0.06 | 0.08 | 0.00 | 0.00 | 0.46 | — |
| Debt / EBITDA | — | — | 0.03 | — | — | — | — | — | — |
| Net Debt / Equity | — | -0.04 | -0.08 | -0.03 | 0.05 | -0.09 | -0.17 | 0.39 | -0.99 |
| Net Debt / EBITDA | — | — | -2.96 | — | — | — | — | — | — |
| Debt / FCF | — | — | — | — | — | — | — | — | — |
| Interest Coverage | -11.17 | -11.17 | 862.89 | -2.58 | -7.93 | — | — | -0.11 | — |
Net cash position: cash ($13M) exceeds total debt ($209000)
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 |
|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 233.49 | 233.49 | 84.03 | 13.43 | 275.78 | 99.81 | 108.61 | 2.07 | 19.86 |
| Quick Ratio | 233.49 | 233.49 | 16.19 | 5.15 | 121.40 | 75.36 | 108.61 | 2.07 | 19.86 |
| Cash Ratio | 19.80 | 19.80 | 11.01 | 5.10 | 117.01 | 73.49 | 105.85 | 2.06 | 19.83 |
| Asset Turnover | — | 0.05 | 0.15 | 0.07 | — | — | — | — | — |
| Inventory Turnover | — | — | 0.16 | 0.15 | 0.00 | — | — | — | — |
| Days Sales Outstanding | — | 0.98 | 118.10 | 13.46 | — | — | — | — | — |
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 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | 3.7% | — | — | — | — | — | — |
| FCF Yield | — | — | — | — | — | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — | — |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — | — |
| Shares Outstanding | — | $127M | $115M | $98M | $88M | $72M | $54M | $42M | $42M |
Includes 30+ ratios · 8 years · Updated daily
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10-year return with dividends reinvested.
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Quick answers to the most common questions about buying UROY stock.
Uranium Royalty Corp.'s current P/E ratio is -139.8x. The historical average is 27.0x.
Uranium Royalty Corp.'s return on equity (ROE) is -2.0%. The historical average is -6.4%.
Based on historical data, Uranium Royalty Corp. is trading at a P/E of -139.8x. Compare with industry peers and growth rates for a complete picture.
Uranium Royalty Corp. has 10.0% gross margin and -30.8% operating margin.
Key Metrics
Top Statement Risk
Extreme revenue volatility and lumpy sales
Metrics are mathematically derived from official filings.
Valuation Reflects Speculative Growth Premium
UROY's forward P/E of 198.83 and P/S of 55.38, as reported in current market data, price in a dramatic earnings recovery that is not yet supported by a consistent operational track record, creating significant valuation risk.
The current valuation multiples are extreme relative to both the company's own volatile history and the more established royalty peers like WPM and FNV. The forward P/E suggests the market is pricing in a massive earnings expansion from the 2026Q4 inflection, but the lack of a stable earnings base makes this a speculative bet on continued large-scale spot sales. The P/B of 2.54 appears reasonable in isolation but is misleading given the asset base is now dominated by cash from a likely one-time event, not productive operating assets.
Margin Volatility Masks Underlying Earning Power
UROY's gross margin swung from 3.8% in 2025Q4 to 33.1% in 2026Q4, as per financial statements, highlighting that profitability is entirely dependent on the timing and scale of infrequent uranium sales rather than a sustainable operational model.
The decomposition of profitability reveals that the company's true earning power is obscured by its lumpy revenue model. While the 30.8% operating margin in 2026Q4 appears strong, it is the result of high operating leverage on a fixed cost base during a high-revenue quarter. In contrast, quarters with minimal revenue, like 2025Q3, show catastrophic negative margins, indicating the core business is not consistently profitable. Net margin is further distorted by non-operating items, making it an unreliable indicator of core performance.
ROIC Spike Driven by Non-Recurring Cash Injection
The reported ROIC of 26.7% in 2026Q4, based on recent filings, is a misleading indicator of capital efficiency, as it is inflated by a massive, likely non-recurring cash balance that does not reflect the company's ability to generate returns on productive assets.
The dramatic swing in ROIC from negative or near-zero levels to 26.7% is not a sign of improving operational efficiency but rather a mathematical artifact of a large cash injection increasing the equity base while generating a one-time profit. The underlying ROIC on the company's core royalty and investment assets remains unclear and likely much lower. This spike does not indicate a sustainable compounding of returns but rather a balance sheet transformation that requires a new, lower baseline for future analysis.
Zero Leverage Reflects Cash Hoarding, Not Strategy
UROY maintains a debt-to-equity ratio of 0.00 and zero interest coverage, as shown in the ratio data, which is a function of its massive cash pile rather than a deliberate capital structure choice, offering no analytical insight into financial risk.
The complete absence of debt means traditional leverage and interest coverage ratios are meaningless for assessing financial risk. The company's balance sheet is effectively risk-free from a solvency perspective, but this is due to hoarding cash from episodic sales rather than generating consistent free cash flow to service potential debt. The lack of leverage also suggests the company is not using its balance sheet to optimize returns, which may be appropriate given the volatility of its cash flows.
Extreme Liquidity Buffer from One-Time Event
The current ratio of 5.94 and quick ratio of 5.32 in 2026Q4, according to the data, represent an extreme liquidity position that is the result of a single large cash inflow and does not reflect the company's typical operational liquidity needs.
The liquidity position is exceptionally strong on paper, with cash covering liabilities many times over. However, this is not a reflection of efficient working capital management but rather the outcome of a major liquidity event. The company's historical liquidity has been much tighter, with current ratios often below 1.0 in prior quarters. This extreme buffer provides significant downside protection but also raises questions about capital allocation efficiency, as the cash is not being deployed to generate returns.
The Misleading Nature of the P/E Ratio
The P/E ratio is the most commonly misapplied metric for UROY, as its negative TTM P/E of -132.19 and extreme forward P/E of 198.83 are distorted by the company's lumpy, non-recurring revenue model and volatile earnings.
For a company like UROY, whose revenue and earnings are driven by infrequent, large spot sales, the P/E ratio is nearly useless. The trailing P/E is negative due to historical losses, while the forward P/E is astronomically high because it annualizes a single strong quarter. This metric obscures the fundamental reality that the company does not have a predictable, recurring earnings stream. A more appropriate metric would be a price-to-cash-flow ratio based on normalized, multi-year average cash flows, or a price-to-book ratio adjusted for the quality and productivity of the underlying assets.