Latest Ratios: P/E Ratio -0.8x · EV/EBITDA N/A · ROE -174.4%. (2016–2026 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $33M | $101M | $27M | $4M | $16M | $29M | $119M | $18M | $17M | $30M | $34M |
| Enterprise Value | $70M | $138M | $56M | $33M | $48M | $56M | $133M | $41M | $32M | $50M | $25M |
| P/E Ratio → | -0.77 | — | — | — | — | — | — | — | — | — | 6.16 |
| P/S Ratio | 13.13 | 39.49 | 444.03 | 265.56 | 4.05 | 1.28 | 4.96 | 0.37 | 0.44 | 0.89 | 1.06 |
| P/B Ratio | 1.05 | 2.72 | 1.35 | — | 4.39 | 1.31 | 2.94 | 1.00 | 0.72 | 0.81 | 0.54 |
| P/FCF | — | — | — | — | — | — | — | — | 2.43 | — | — |
| P/OCF | — | — | — | 2.85 | — | — | — | — | 1.98 | 3.37 | 5.38 |
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 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 54.04 | 918.42 | 2071.00 | 11.89 | 2.50 | 5.56 | 0.84 | 0.82 | 1.50 | 0.76 |
| EV / EBITDA | — | — | — | — | — | — | — | 19.56 | — | — | 1.37 |
| EV / EBIT | — | — | — | — | — | — | — | 123.94 | — | — | 1.42 |
| EV / FCF | — | — | — | — | — | — | — | — | 4.49 | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 24.0% | 24.0% | -829.5% | 268.8% | -54.8% | 1.2% | 18.2% | 16.1% | 16.2% | 15.2% | 84.6% |
| Operating Margin | -995.7% | -995.7% | -14326.2% | -53243.8% | -292.3% | -62.5% | -20.9% | 0.7% | -13.9% | -22.6% | 53.6% |
| Net Profit Margin | -1954.1% | -1954.1% | -20970.5% | -291875.0% | -495.7% | -98.2% | -31.6% | -10.5% | -28.8% | -82.9% | 17.3% |
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -174.4% | -174.4% | -63.6% | — | -156.3% | -70.7% | -26.0% | -24.4% | -36.8% | -55.3% | 8.7% |
| ROA | -39.2% | -39.2% | -19.0% | -94.5% | -30.7% | -30.2% | -10.9% | -8.0% | -15.8% | -31.6% | 5.6% |
| ROIC | -30.9% | -30.9% | -35.1% | -53.5% | -21.0% | -20.2% | -7.8% | 0.6% | -8.4% | -10.2% | 24.0% |
| ROCE | -46.6% | -46.6% | -69.5% | -66.1% | -26.7% | -25.6% | -9.5% | 0.8% | -10.8% | -10.7% | 19.9% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.06 | 1.06 | 1.45 | — | 8.65 | 1.30 | 0.57 | 1.45 | 0.80 | 0.60 | 0.02 |
| Debt / EBITDA | — | — | — | — | — | — | — | 12.38 | — | — | 0.07 |
| Net Debt / Equity | — | 1.00 | 1.44 | — | 8.49 | 1.24 | 0.36 | 1.29 | 0.61 | 0.55 | -0.15 |
| Net Debt / EBITDA | — | — | — | — | — | — | — | 11.03 | — | — | -0.54 |
| Debt / FCF | — | — | — | — | — | — | — | — | 2.06 | — | — |
| Interest Coverage | — | — | -1.75 | -7.90 | -3.54 | -3.76 | -1.77 | 0.11 | -1.67 | -2.30 | 29.80 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.87 | 0.87 | 1.35 | 0.33 | 0.55 | 0.91 | 1.79 | 1.04 | 1.43 | 1.03 | 2.35 |
| Quick Ratio | 0.86 | 0.86 | 1.33 | 0.30 | 0.44 | 0.85 | 1.67 | 0.99 | 1.43 | 1.03 | 2.39 |
| Cash Ratio | 0.02 | 0.02 | 0.00 | 0.00 | 0.03 | 0.06 | 0.64 | 0.14 | 0.22 | 0.09 | 0.84 |
| Asset Turnover | — | 0.02 | 0.00 | 0.00 | 0.07 | 0.32 | 0.31 | 0.78 | 0.60 | 0.44 | 0.32 |
| Inventory Turnover | 1.96 | 1.96 | 0.49 | -0.02 | 8.19 | 15.46 | 12.76 | 40.36 | — | — | — |
| Days Sales Outstanding | — | 10670.48 | 424578.77 | 227326.56 | 607.04 | 134.13 | 150.34 | 90.85 | 91.36 | 81.49 | 224.57 |
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 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | — | — | — | — | — | 16.2% |
| FCF Yield | — | — | — | — | — | — | — | — | 41.2% | — | — |
| 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 | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Shares Outstanding | — | $19M | $7M | $3M | $2M | $2M | $2M | $1M | $1M | $1M | $762442 |
Includes 30+ ratios · 11 years · Updated daily
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Quick answers to the most common questions about buying VIVO stock.
VivoPower PLC's current P/E ratio is -0.8x. The historical average is 6.2x.
VivoPower PLC's return on equity (ROE) is -174.4%. The historical average is -66.5%.
Based on historical data, VivoPower PLC is trading at a P/E of -0.8x. Compare with industry peers and growth rates for a complete picture.
VivoPower PLC has 24.0% gross margin and -995.7% operating margin.
Key Metrics
Top Statement Risk
Imminent insolvency and dilution
Distressed Valuation Reflects Existential Risk
According to recent financial data, VivoPower's P/S ratio of 1202.84 suggests that the market is pricing the firm as a speculative option on future technology rather than an operating entity, as the current revenue base is insufficient to support traditional valuation metrics like P/E or EV/EBITDA.
The extreme P/S multiple indicates that investors are assigning value almost exclusively to the intellectual property of the Tembo EV conversion kits rather than current commercial output. This valuation appears highly detached from fundamental performance, suggesting that any further delays in scaling the Tembo business could lead to a rapid downward re-rating of the equity.
Capital Compounding Remains Fundamentally Negative
Based on reported figures, the company's ROIC has consistently trended in negative territory, reaching -35.4% in 2024Q4, which demonstrates a structural inability to generate returns on invested capital that exceed the cost of maintaining its specialized industrial and solar development operations.
The persistent decay in ROIC suggests that the capital deployed into the Tembo subsidiary and solar projects has failed to achieve the necessary scale to cover the firm's high fixed-cost base. Investors should monitor whether management can pivot to a capital-light model, as the current trajectory implies that further investment may continue to destroy shareholder value.
Working Capital Cycles Indicate Operational Stagnation
As reported in recent filings, the company's cash conversion cycle has become increasingly erratic, with a 2025Q2 figure of -136,898 days, highlighting a severe disconnect between the timing of project-based revenue recognition and the underlying cash requirements of the business.
The extreme volatility in DSO and DPO metrics suggests that the company lacks the leverage to manage its supplier and customer relationships effectively. This inefficiency in working capital management appears to be a primary driver of the firm's liquidity constraints, as cash is trapped in long-dated project cycles rather than being recycled into core operations.
Liquidity Position Nearing Critical Threshold
According to the 2025Q2 balance sheet, the current ratio has deteriorated to 0.30, a level that, when compared to historical norms, indicates an inability to meet short-term obligations without relying on external financing or the liquidation of remaining assets.
The quick ratio of 0.26 further underscores the company's dependence on inventory that may not be readily convertible to cash in a distressed environment. This liquidity profile suggests that the firm is operating with virtually no margin for error, making it highly susceptible to even minor disruptions in its project pipeline.
Misapplication of Revenue-Based Valuation Multiples
The P/S ratio is the most commonly misapplied metric for this business model, as it obscures the company's transition from a project-based solar developer to a specialized EV technology firm, failing to account for the lumpy, non-recurring nature of its current revenue streams.
Using P/S to value VivoPower ignores the fact that the company's revenue is currently negligible and does not reflect the potential value of its EV conversion intellectual property. Analysts should instead focus on the cash burn rate and the progress of the Tembo order pipeline, as these metrics provide a more accurate assessment of the firm's survival probability than traditional revenue multiples.