Latest Ratios: P/E Ratio -0.4x · EV/EBITDA N/A · ROE -183.3%. (2019–2024 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Market Cap | $1M | $4M | $7M | $15M | — | — | — |
| Enterprise Value | $15M | $19M | $15M | $18M | — | — | — |
| P/E Ratio → | -0.41 | — | — | — | — | — | — |
| P/S Ratio | 0.09 | 0.34 | 0.78 | 1.79 | — | — | — |
| P/B Ratio | 4.28 | 17.28 | 2.72 | 2.62 | — | — | — |
| P/FCF | 10.14 | 38.82 | — | — | — | — | — |
| P/OCF | 1.32 | 5.04 | — | — | — | — | — |
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 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.45 | 1.67 | 2.21 | — | — | — |
| EV / EBITDA | — | — | — | — | — | — | — |
| EV / EBIT | — | — | — | — | — | — | — |
| EV / FCF | — | 163.32 | — | — | — | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Gross Margin | 11.8% | 11.8% | 4.0% | 2.0% | 3.3% | -0.9% | 11.3% |
| Operating Margin | -19.9% | -19.9% | -38.1% | -45.7% | -28.5% | -13.7% | -1.6% |
| Net Profit Margin | -20.8% | -20.8% | -33.0% | -42.1% | -24.9% | -14.2% | -3.3% |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| ROE | -183.3% | -183.3% | -73.3% | -210.1% | — | — | — |
| ROA | -17.4% | -17.4% | -20.9% | -31.9% | -36.8% | -17.5% | -6.3% |
| ROIC | -15.2% | -15.2% | -26.4% | -46.6% | -47.4% | -14.1% | -2.7% |
| ROCE | -24.0% | -24.0% | -29.6% | -46.7% | -106.3% | -34.1% | -5.2% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Debt / Equity | 60.28 | 60.28 | 3.64 | 1.71 | — | — | — |
| Debt / EBITDA | — | — | — | — | — | — | 58.36 |
| Net Debt / Equity | — | 55.42 | 3.09 | 0.62 | — | — | — |
| Net Debt / EBITDA | — | — | — | — | — | — | 56.30 |
| Debt / FCF | — | 124.50 | — | — | — | — | 3.35 |
| Interest Coverage | -4.78 | -4.78 | -12.71 | -38.28 | -29.94 | -7.49 | -0.74 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Current Ratio | 0.24 | 0.24 | 0.47 | 3.12 | 0.31 | 0.01 | 0.10 |
| Quick Ratio | 0.22 | 0.22 | 0.45 | 3.09 | 0.30 | — | 0.09 |
| Cash Ratio | 0.21 | 0.21 | 0.45 | 3.09 | 0.30 | — | 0.09 |
| Asset Turnover | — | 0.73 | 0.71 | 0.52 | 1.12 | 1.05 | 1.90 |
| Inventory Turnover | 81.21 | 81.21 | 121.20 | 133.27 | 172.87 | 203.23 | 255.86 |
| Days Sales Outstanding | — | 2.39 | — | — | — | — | — |
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 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | — | — |
| FCF Yield | 9.9% | 2.6% | — | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | — | — | — |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.0% | — | — | — |
| Shares Outstanding | — | $5M | $5M | $4M | $53M | $5M | $6M |
Liquidity and solvency insolvency
According to recent market data, VSTD trades at a P/S ratio of 0.09, which suggests that investors are heavily discounting the company's revenue growth due to the persistent negative net margins and the speculative nature of its recent pivot toward a crypto-treasury business model.
The valuation multiples appear to reflect a market that is struggling to categorize VSTD as either a distressed restaurant operator or a nascent financial holding company. Given the negative P/E and the lack of positive free cash flow, traditional valuation metrics are largely inapplicable, indicating that the current share price may be driven more by speculative sentiment than by fundamental earnings power.
Based on historical financial statements, VSTD's ROIC has remained consistently negative, reaching -8.7% in 2025Q2, which indicates that the company is currently destroying shareholder value rather than compounding capital through its restaurant operations or its recent strategic shift into digital assets.
The persistent inability to generate a positive return on invested capital suggests that the company's capital allocation strategy is failing to overcome the high fixed-cost structure of its California-based dining units. Investors should monitor whether the shift toward real estate and crypto holdings can eventually provide a return profile that exceeds the company's cost of capital, though current trends show no evidence of this transition.
As reported in quarterly filings, VSTD's asset turnover ratio has stagnated at approximately 0.19, reflecting a structural inability to generate meaningful revenue from its growing asset base, which is increasingly comprised of non-operating items rather than productive restaurant equipment.
The low asset turnover, combined with a highly erratic cash conversion cycle, suggests that the company lacks the operational leverage typically seen in successful food service chains. This inefficiency implies that management's focus on balance sheet restructuring may be distracting from the fundamental need to improve unit-level throughput and inventory management.
According to the latest balance sheet data, VSTD's debt-to-equity ratio reached a peak of 60.28 in 2024Q4, a figure that highlights a precarious reliance on external financing to sustain operations in the face of mounting losses and limited cash reserves.
The interest coverage ratio, which has frequently dipped into negative territory, suggests that the company may face significant challenges in servicing its debt obligations without further dilutive financing. This leverage profile warrants close investigation, as any further increase in interest rates or a decline in asset values could severely impair the company's ability to remain a going concern.
As indicated by the 39.33% year-over-year revenue growth, analysts often misapply top-line expansion as a proxy for brand health, failing to recognize that for VSTD, this growth is currently decoupled from profitability and is likely being subsidized by unsustainable capital structure maneuvers.
The most commonly misapplied metric for this business model is the Price-to-Sales ratio, which obscures the fact that the company's revenue is generated by a structurally unprofitable restaurant segment. Instead of P/S, investors should focus on 'Unit-Level Contribution Margin' to determine if the core business can ever reach a break-even point without relying on speculative treasury gains.
Includes 30+ ratios · 6 years · Updated daily
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Quick answers to the most common questions about buying VSTD stock.
Vestand Inc.'s current P/E ratio is -0.4x. This places it at the 50th percentile of its historical range.
Vestand Inc.'s return on equity (ROE) is -183.3%. The historical average is -155.6%.
Based on historical data, Vestand Inc. is trading at a P/E of -0.4x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Vestand Inc. has 11.8% gross margin and -19.9% operating margin.