XChange TEC.INC (XHG) Financial Ratios
9 years of historical data (2017–2025) · Real Estate · Real Estate - Services
EV/EBITDA
↑
2332.12
↑+113% vs avg
5yr avg: 1094.13
P/FCF
N/A
—
5yr avg: N/A
P/B Ratio
N/A
—
5yr avg: N/A
ROE
N/A
—
5yr avg: N/A
Debt/EBITDA
↑
1968.13
↑+193% vs avg
5yr avg: 671.94
30Y Low21.0·High26.7
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
XHG Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
XChange TEC.INC currently has a negative P/E ratio, indicating the company is operating at a loss on a trailing-twelve-month basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $21M | $26M | $12M | $252M | — | — | — | — | — | — |
| Enterprise Value | $123M | $717M | $1.1B | $296M | — | — | — | — | — | — |
| P/E Ratio → | -0.00 | — | — | — | 5.89 | — | — | — | — | — |
| P/S Ratio | 385.03 | 71.08 | 0.04 | — | — | — | — | — | — | — |
| P/B Ratio | — | — | — | — | — | — | — | — | — | — |
| P/FCF | — | — | — | — | — | — | — | — | — | — |
| P/OCF | — | — | — | — | — | — | — | — | — | — |
P/E links to full P/E history page with 30-year chart
XHG EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
XChange TEC.INC's enterprise value stands at 2332.1x EBITDA, 113% above its 5-year average of 1094.1x. The Real Estate sector median is 17.0x, placing the stock at a 13641% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1962.11 | 3.83 | — | — | — | — | — | — | — |
| EV / EBITDA | 2332.12 | 2010.44 | — | 177.81 | — | — | — | — | — | — |
| EV / EBIT | — | — | — | — | — | — | — | — | — | — |
| EV / FCF | — | — | — | — | — | — | — | — | — | — |
XHG Profitability
Margins and return-on-capital ratios measuring operating efficiency
XChange TEC.INC earns an operating margin of -9.4%, below the Real Estate sector average of 24.8%. Operating margins have expanded from -204.2% to -9.4% over the past 3 years, signaling improving operational efficiency.
Margins
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 |
|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 2.2% | 2.2% | 4.7% | — | -9.0% | — | -0.8% | 100.0% | 100.0% | 100.0% |
| Operating Margin | -9.4% | -9.4% | -204.2% | — | -4.5% | — | -124.2% | -36.3% | -47.9% | -36.3% |
| Net Profit Margin | -204.9% | -204.9% | -78.7% | — | 125.7% | — | -127.0% | -40.4% | -56.2% | -47.0% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROE | — | — | — | — | — | — | — | — | — | — |
| ROA | -0.2% | -0.2% | -52.2% | -78.7% | 346.6% | -92.7% | -115.7% | -27.8% | -34.3% | -21.7% |
| ROIC | -0.0% | -0.0% | -82.4% | — | — | — | — | — | — | — |
| ROCE | — | — | — | — | — | — | -445.9% | -25.7% | -30.8% | -17.8% |
XHG Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
XChange TEC.INC carries a Debt/EBITDA ratio of 1968.1x, which is highly leveraged (24756% above the sector average of 7.9x). Net debt stands at $691M ($702M total debt minus $11M cash).
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | — | — | — | — | — | — | — | — | — | — |
| Debt / EBITDA | 1968.13 | 1968.13 | — | 26.65 | — | 21.03 | — | — | — | — |
| Net Debt / Equity | — | — | — | — | — | — | — | — | — | — |
| Net Debt / EBITDA | 1937.60 | 1937.60 | — | 26.44 | — | 20.71 | — | — | — | — |
| Debt / FCF | — | — | — | — | — | — | — | — | — | — |
| Interest Coverage | -1233.10 | -1233.10 | -22.47 | -16.42 | -0.70 | -0.26 | -10.75 | -9.75 | -11.05 | -7.56 |
XHG Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.06x is below 1.0, meaning current liabilities exceed current assets. The current ratio has declined from 0.12x to 0.06x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.06 | 0.06 | 0.05 | 0.12 | 0.11 | 0.08 | 0.10 | 10.22 | 1.39 | 5.21 |
| Quick Ratio | 0.06 | 0.06 | 0.05 | 0.12 | 0.11 | 0.08 | 0.10 | 10.22 | 1.39 | 5.21 |
| Cash Ratio | 0.02 | 0.02 | 0.01 | 0.00 | 0.00 | 0.01 | 0.01 | 10.22 | 1.39 | 5.21 |
| Asset Turnover | — | 0.01 | 0.37 | — | 6.83 | — | 1.42 | 0.69 | 0.50 | 0.46 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — |
XHG Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
XChange TEC.INC does not currently pay a dividend and has no material buyback yield, reinvesting earnings back into the business.
Dividends
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 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | 17.0% | — | — | — | — | — |
| FCF Yield | — | — | — | — | — | — | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | — | — | — | — | — | — |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.0% | — | — | — | — | — | — |
| Shares Outstanding | — | $21M | $99269 | $70126 | $0 | $0 | $0 | $0 | $0 | $0 |
Peer Comparison
Compare XHG with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 XHGYou | $21M | -0.0 | 2332.1 | — | 2.2% | -9.4% | — | -0.0% | 1968.1 |
 XTIA | $30M | -0.4 | — | — | 21.9% | -182.2% | -371.5% | -200.5% | — |
 BTBT | $707M | -7.0 | — | — | 21.4% | -49.8% | -12.1% | -5.8% | — |
 GFAI | $9M | -0.8 | — | — | 17.2% | -18.5% | -20.5% | -41.6% | — |
 FTFT | $4M | -0.3 | — | — | 6.7% | -888.0% | -16.3% | -97.5% | — |
 RCON | $10M | -0.7 | — | — | 23.0% | -86.5% | -9.0% | -10.6% | — |
 CLPS | $28M | -3.8 | — | — | 20.9% | -4.0% | -11.6% | -7.9% | — |
 CNET | $3M | -1.5 | — | — | 7.7% | -42.3% | -43.6% | -44.2% | — |
 MSFT | $2.8T | 27.8 | 17.8 | 39.4 | 68.8% | 45.6% | 33.3% | 24.9% | 0.7 |
 AMZN | $2.6T | 34.1 | 18.5 | 341.6 | 50.3% | 11.2% | 22.3% | 14.7% | 1.0 |
 GOOGL | $4.5T | 34.0 | 29.8 | 60.8 | 59.7% | 32.1% | 35.7% | 25.1% | 0.4 |
| Real Estate Median | — | 24.1 | 17.0 | 15.4 | 49.3% | 24.8% | 3.7% | 2.7% | 7.9 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 9 years · Updated daily
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XHG — Frequently Asked Questions
Quick answers to the most common questions about buying XHG stock.
What is XChange TEC.INC's P/E ratio?
XChange TEC.INC's current P/E ratio is -0.0x. The historical average is 5.9x.
What is XChange TEC.INC's EV/EBITDA?
XChange TEC.INC's current EV/EBITDA is 2332.1x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA.
Is XHG stock overvalued?
Based on historical data, XChange TEC.INC is trading at a P/E of -0.0x. Compare with industry peers and growth rates for a complete picture.
What are XChange TEC.INC's profit margins?
XChange TEC.INC has 2.2% gross margin and -9.4% operating margin.
How much debt does XChange TEC.INC have?
XChange TEC.INC's Debt/EBITDA ratio is 1968.1x, indicating high leverage. A ratio above 4x may signal elevated financial risk.