Latest Ratios: P/E Ratio -1.5x · EV/EBITDA N/A · ROE -17.4%. (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 | $41M | $65M | $41M | $29M | $35M | $70M | $43M | $4M | $6M | $26M | $7M |
| Enterprise Value | $-1253072 | $22M | $37M | $19M | $-39626495 | $-44853859 | $-6571993 | $3M | $5M | $22M | $9M |
| P/E Ratio → | -1.50 | — | — | — | — | — | — | — | — | — | — |
| P/S Ratio | — | — | — | — | — | — | — | — | — | — | — |
| P/B Ratio | 0.23 | 0.36 | 0.31 | 0.21 | 0.25 | 0.56 | 0.75 | 0.24 | 0.31 | 0.64 | 0.17 |
| 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 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | — | — | — | — | — | — | — | — | — | — |
| EV / EBITDA | — | — | — | — | — | — | — | — | — | — | — |
| EV / EBIT | — | — | — | — | — | — | — | — | — | — | — |
| 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 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | — | — | — | — | — | — | — | — | — | — | — |
| Operating Margin | — | — | — | — | — | — | — | — | — | — | — |
| Net Profit Margin | — | — | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -17.4% | -17.4% | -9.3% | -5.5% | -8.3% | -17.6% | -63.3% | -55.8% | -115.3% | -45.8% | -46.9% |
| ROA | -16.0% | -16.0% | -8.5% | -4.9% | -7.4% | -16.6% | -53.0% | -37.1% | -89.0% | -36.0% | -34.4% |
| ROIC | -8.1% | -8.1% | -6.6% | -10.1% | -23.0% | -146.5% | -62.8% | -21.0% | -96.1% | -45.3% | -21.9% |
| ROCE | -9.2% | -9.2% | -8.3% | -9.3% | -8.8% | -19.7% | -24.1% | -19.6% | -98.7% | -52.2% | -28.0% |
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 | 0.03 | 0.03 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.04 | — | — | 0.13 |
| Debt / EBITDA | — | — | — | — | — | — | — | — | — | — | — |
| Net Debt / Equity | — | -0.23 | -0.03 | -0.07 | -0.53 | -0.91 | -0.87 | -0.07 | -0.08 | -0.10 | 0.05 |
| Net Debt / EBITDA | — | — | — | — | — | — | — | — | — | — | — |
| Debt / FCF | — | — | — | — | — | — | — | — | — | — | — |
| Interest Coverage | — | — | — | — | — | — | — | — | — | -31.41 | -6.00 |
Net cash position: cash ($49M) exceeds total debt ($6M)
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 | 4.20 | 4.20 | 0.41 | 1.49 | 3.04 | 21.72 | 12.37 | 0.64 | 1.32 | 1.97 | 0.48 |
| Quick Ratio | 4.20 | 4.20 | 0.37 | 1.49 | 3.04 | 21.72 | 12.37 | 0.64 | 1.32 | 1.97 | 0.48 |
| Cash Ratio | 4.18 | 4.18 | 0.36 | 1.40 | 3.00 | 21.66 | 12.19 | 0.51 | 0.63 | 1.36 | 0.41 |
| Asset Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Inventory Turnover | — | — | 0.62 | — | — | — | — | — | — | — | — |
| 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 | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | — | — | — | — | — | — |
| FCF Yield | — | — | — | — | — | — | — | — | — | — | — |
| 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 | — | $86M | $59M | $52M | $45M | $33M | $9M | $2M | $927687 | $494739 | $105039 |
Pre-revenue execution failure
As reported in financial statements, WWR's P/B ratio of 0.23 reflects a market valuation significantly below book value, suggesting that investors are heavily discounting the company's tangible assets due to the persistent lack of revenue and the ongoing uncertainty surrounding the commercial viability of the Kellyton facility.
The current valuation multiples are largely uninformative given the absence of earnings and sales, rendering traditional P/E or EV/EBITDA metrics inapplicable. The deep discount to book value implies that the market views the company's capital expenditures as potentially impaired or inefficiently deployed, warranting caution until the company demonstrates a clear path to commercial-scale production.
Based on reported figures, WWR's ROIC has remained consistently negative, fluctuating between -1.5% and -2.5% over the last ten quarters, which highlights the company's inability to generate returns on invested capital while it remains in a capital-intensive, pre-revenue development stage for its graphite projects.
The persistent negative ROIC is a direct consequence of the company's high fixed-cost structure and the absence of operational income to offset development expenditures. Investors should monitor whether these returns improve as the company transitions toward production, as current trends indicate that capital is being consumed rather than compounded.
According to recent SEC filings, WWR's current ratio has exhibited extreme volatility, swinging from a low of 0.37 in 2025Q1 to 4.68 in 2026Q1, which underscores the company's precarious reliance on periodic equity raises to maintain its liquidity position during the construction of its processing infrastructure.
The wide fluctuations in liquidity ratios suggest that the company's financial health is highly sensitive to the timing and success of its ATM equity programs. This instability warrants close monitoring, as any delay in securing additional capital could rapidly compromise the company's ability to meet its near-term operational obligations.
As indicated by the company's financial filings, the most commonly misapplied metric for WWR is the P/E ratio, which obscures the reality of a pre-revenue business model by suggesting a valuation based on earnings that do not exist and are not expected in the near term.
Analysts should instead focus on the cash burn rate and the remaining liquidity runway, as these metrics provide a more accurate assessment of the company's survival probability. Relying on traditional earnings-based multiples for a development-stage entity like WWR risks misinterpreting the company's fundamental financial position and its ongoing dependence on dilutive financing.
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying WWR stock.
Westwater Resources, Inc.'s current P/E ratio is -1.5x. The historical average is 13.8x.
Westwater Resources, Inc.'s return on equity (ROE) is -17.4%. The historical average is -66.2%.
Based on historical data, Westwater Resources, Inc. is trading at a P/E of -1.5x. Compare with industry peers and growth rates for a complete picture.