Latest Ratios: P/E Ratio 4.8x · EV/EBITDA N/A · ROE 8.1%. (2014–2025 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 | $1.4B | $1.6B | $1.9B | $1.6B | $1.2B | $2.3B | $2.2B | — | — | — | — |
| Enterprise Value | $3.0B | $3.2B | $5.6B | $5.4B | $5.2B | $5.9B | $4.4B | — | — | — | — |
| P/E Ratio → | 4.76 | 5.35 | — | 28.33 | 41.49 | 14.92 | 9.62 | — | — | — | — |
| P/S Ratio | 8.41 | 9.54 | 0.51 | 0.40 | 0.30 | 0.56 | 0.54 | — | — | — | — |
| P/B Ratio | 0.54 | 0.60 | 0.42 | 0.33 | 0.27 | 0.50 | 0.49 | — | — | — | — |
| P/FCF | 0.52 | 0.59 | 5.90 | 12.13 | — | — | 8.84 | — | — | — | — |
| P/OCF | 6.83 | 7.74 | 2.18 | 1.79 | 1.50 | 2.86 | 1.77 | — | — | — | — |
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 | — | 19.33 | 1.49 | 1.39 | 1.24 | 1.43 | 1.09 | — | — | — | — |
| EV / EBITDA | — | — | 8.58 | 6.83 | 6.70 | 6.95 | 5.15 | — | — | — | — |
| EV / EBIT | — | 18.61 | 34.80 | 17.70 | 21.92 | 16.59 | 22.82 | — | — | — | — |
| EV / FCF | — | 1.19 | 17.19 | 42.44 | — | — | 17.76 | — | — | — | — |
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 | 21.6% | 21.6% | 56.8% | 55.8% | 52.7% | 53.7% | 55.6% | 55.6% | 54.9% | 53.7% | 53.9% |
| Operating Margin | -30.2% | -30.2% | -0.3% | 3.6% | 1.7% | 4.1% | 4.3% | 2.8% | 4.0% | -7.8% | 1.2% |
| Net Profit Margin | 178.5% | 178.5% | -1.0% | 1.4% | 0.7% | 3.8% | 5.7% | 3.2% | 3.8% | 0.3% | 1.2% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 8.1% | 8.1% | -0.8% | 1.2% | 0.7% | 3.4% | 5.3% | 3.1% | 3.9% | 0.3% | 1.3% |
| ROA | 3.8% | 3.8% | -0.4% | 0.5% | 0.3% | 1.5% | 2.6% | 1.6% | 2.1% | 0.2% | 0.7% |
| ROIC | -0.6% | -0.6% | -0.1% | 1.2% | 0.6% | 1.7% | 2.0% | 1.5% | 2.3% | -4.7% | 0.8% |
| ROCE | -0.7% | -0.7% | -0.1% | 1.4% | 0.7% | 1.9% | 2.1% | 1.6% | 2.5% | -4.9% | 0.8% |
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 | 0.66 | 0.66 | 0.83 | 0.87 | 0.91 | 0.82 | 0.78 | 0.59 | 0.40 | 0.44 | 0.45 |
| Debt / EBITDA | — | — | 5.85 | 5.07 | 5.43 | 4.42 | 4.07 | 3.05 | 2.04 | 5.27 | 2.45 |
| Net Debt / Equity | — | 0.62 | 0.80 | 0.83 | 0.85 | 0.79 | 0.50 | 0.52 | 0.26 | 0.35 | 0.29 |
| Net Debt / EBITDA | — | — | 5.63 | 4.88 | 5.08 | 4.24 | 2.58 | 2.70 | 1.31 | 4.14 | 1.57 |
| Debt / FCF | — | 0.60 | 11.28 | 30.31 | — | — | 8.92 | 29.66 | 5.30 | 322.00 | 17.98 |
| Interest Coverage | 6.00 | 6.00 | 0.88 | 1.57 | 1.44 | 2.03 | 1.86 | 1.40 | 1.49 | 0.57 | 0.48 |
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 | 0.72 | 0.72 | 1.52 | 1.55 | 1.44 | 1.78 | 3.01 | 2.10 | 2.62 | 2.02 | 2.18 |
| Quick Ratio | 0.72 | 0.72 | 1.32 | 1.33 | 1.22 | 1.59 | 2.84 | 1.88 | 2.41 | 1.83 | 1.99 |
| Cash Ratio | 0.57 | 0.57 | 0.16 | 0.17 | 0.23 | 0.17 | 1.46 | 0.38 | 0.86 | 0.55 | 0.82 |
| Asset Turnover | — | 0.03 | 0.36 | 0.36 | 0.37 | 0.40 | 0.42 | 0.49 | 0.55 | 0.57 | 0.56 |
| Inventory Turnover | — | — | 9.11 | 8.68 | 7.55 | 11.03 | 12.28 | 11.01 | 12.60 | 13.07 | 13.34 |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
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 | 100.0% | 100.0% | — | — | — | — | — | — | — | — | — |
| Payout Ratio | 682.9% | 682.9% | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 21.0% | 18.7% | — | 3.5% | 2.4% | 6.7% | 10.4% | — | — | — | — |
| FCF Yield | 100.0% | 169.7% | 16.9% | 8.2% | — | — | 11.3% | — | — | — | — |
| Buyback Yield | 1.6% | 1.4% | 2.8% | 0.0% | 3.4% | 1.3% | 1.6% | — | — | — | — |
| Total Shareholder Yield | 100.0% | 100.0% | 2.8% | 0.0% | 3.4% | 1.3% | 1.6% | — | — | — | — |
| Shares Outstanding | — | $87M | $86M | $87M | $86M | $87M | $87M | $88M | $87M | $86M | $85M |
Includes 30+ ratios · 12 years · Updated daily
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Quick answers to the most common questions about buying UZE stock.
Array Digital Infrastructure, Inc. 5.500% Senior Notes due 2070's current P/E ratio is 4.8x. The historical average is 19.9x.
Array Digital Infrastructure, Inc. 5.500% Senior Notes due 2070's return on equity (ROE) is 8.1%. The historical average is 2.7%.
Based on historical data, Array Digital Infrastructure, Inc. 5.500% Senior Notes due 2070 is trading at a P/E of 4.8x. Compare with industry peers and growth rates for a complete picture.
Array Digital Infrastructure, Inc. 5.500% Senior Notes due 2070's current dividend yield is 100.00% with a payout ratio of 682.9%.
Array Digital Infrastructure, Inc. 5.500% Senior Notes due 2070 has 21.6% gross margin and -30.2% operating margin.
Key Metrics
Top Statement Risk
Single-customer concentration and negative operating margins
Metrics are mathematically derived from official filings.
Valuation Signals Post-Divestiture
According to the latest quarterly data, UZE trades at a P/E of 5.05 and a P/B of 0.57, with a dividend yield of 100%, reflecting market pricing of a run-off asset rather than a growth utility.
The trailing P/E of 5.05 is heavily distorted by one-time gains from asset sales, while the forward P/E of 18.92 suggests the market expects normalized earnings to be far lower. The P/B of 0.57 implies the market values the remaining tower and spectrum assets at a discount to book, possibly due to uncertainty about their cash-generating potential. The 100% dividend yield is unsustainable and likely signals that the market expects a dividend cut or special distribution, as operating cash flow cannot support the current payout.
ROE Volatility Masks Transition
As reported in the latest quarter, ROE spiked to 22.9% from 8.0% in the prior quarter, but this is driven by one-time gains; the underlying earned ROE on the remaining asset base appears minimal.
The 22.9% ROE in 2026Q2 is not indicative of sustainable earnings power, as it coincides with a net margin of 6.6% on a revenue base that has collapsed by over 95% year-over-year. The prior quarters show ROE ranging from 0.1% to 8.0%, suggesting that the core tower and spectrum business is generating returns far below what a regulated utility would typically earn. Investors should monitor whether the retained assets can generate a return on equity that justifies the current book value, especially given the negative operating margins.
Fixed Costs Outpace Shrunken Revenue
Based on the financial statements, gross margin is 21.6% while operating margin is -30.2% on a TTM basis, indicating that fixed network and corporate costs have not been scaled down proportionally with the revenue decline.
The negative operating margin suggests that the remaining tower and spectrum assets are not yet self-sustaining on a cash-flow basis. The gap between gross margin and operating margin implies a heavy fixed-cost burden, likely from network operations and depreciation, which does not adjust quickly to the loss of retail revenue. This appears to indicate a need for further cost rationalization or additional monetization events to avoid continued cash burn.
Clean Balance Sheet Post-Sale
According to the latest balance sheet, debt-to-capital is 0.48 and interest coverage is 42.74, reflecting a deleveraged capital structure following the wireless divestiture, but the current ratio of 0.95 signals short-term liquidity pressure.
The low debt-to-capital ratio and high interest coverage indicate that the company has ample capacity to service its debt, even with reduced operating income. However, the current ratio below 1.0 suggests that short-term liabilities exceed liquid assets, which could strain liquidity if operating cash flows remain negative. The $416.4M cash balance provides a buffer, but the negative operating margin and reliance on asset sales to fund operations warrant monitoring.
Dividend Coverage Under Pressure
As reported in the latest quarter, dividends paid of $951.3M far exceeded operating cash flow of -$42.8M, resulting in a negative OCF-to-dividend ratio, indicating that dividends are not covered by operating cash flow.
The dividend payout ratio of 2.7% on a TTM basis is misleading because it is based on earnings inflated by one-time gains. The negative operating cash flow means that the dividend is being funded by asset sales or external capital, which is not sustainable. Investors should monitor whether management will reduce the dividend to align with the new, smaller revenue base, or if further asset monetization will be used to maintain the payout.
Misapplied P/E on Distorted Earnings
The most commonly misapplied ratio for UZE is the P/E, which is distorted by one-time gains from asset disposals; a sum-of-the-parts valuation based on tower cash flows and spectrum value is more appropriate.
The trailing P/E of 5.05 is meaningless because net income includes massive non-recurring gains, as evidenced by the 178.52% net margin. Comparing this P/E to peers like American Tower or Crown Castle would be misleading. Instead, investors should value UZE based on the enterprise value per tower and the potential proceeds from spectrum sales, adjusting for the negative operating margin and the need for cost rationalization. The forward P/E of 18.92 suggests the market expects normalized earnings to be much lower, but even that may overstate the sustainability of earnings given the reliance on discrete transactions.