Latest Ratios: P/E Ratio -0.2x · EV/EBITDA N/A · ROE -2654.5%. (2021–2025 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 |
|---|---|---|---|---|---|---|
| Market Cap | $17M | $32M | $126M | — | — | — |
| Enterprise Value | $19M | $50M | $130M | — | — | — |
| P/E Ratio → | -0.25 | — | 9.52 | — | — | — |
| P/S Ratio | 0.06 | 0.02 | 0.69 | — | — | — |
| P/B Ratio | 4.49 | 1.31 | 14.32 | — | — | — |
| 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 |
|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.02 | 0.71 | — | — | — |
| EV / EBITDA | — | — | 9.72 | — | — | — |
| EV / EBIT | — | — | 6.63 | — | — | — |
| 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 |
|---|---|---|---|---|---|---|
| Gross Margin | 41.0% | 41.0% | 40.7% | 41.3% | 43.6% | 53.1% |
| Operating Margin | -19.3% | -19.3% | 5.5% | -31.4% | 11.7% | -78.4% |
| Net Profit Margin | -22.4% | -22.4% | 7.2% | -30.3% | 13.2% | -81.2% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| ROE | -2654.5% | -2654.5% | 65.8% | -171.9% | 174.2% | — |
| ROA | -445.8% | -445.8% | 16.9% | -38.5% | 17.3% | -53.4% |
| ROIC | -1055.0% | -1055.0% | 23.1% | -67.6% | 23.6% | -77.7% |
| ROCE | -2135.5% | -2135.5% | 47.0% | -167.6% | 101.1% | -641.4% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Debt / Equity | 1.11 | 1.11 | 0.47 | 1.00 | 1.58 | — |
| Debt / EBITDA | — | — | 0.31 | — | 1.85 | — |
| Net Debt / Equity | — | 0.70 | 0.44 | 0.69 | 1.45 | — |
| Net Debt / EBITDA | — | — | 0.29 | — | 1.68 | — |
| Debt / FCF | — | — | — | — | — | — |
| Interest Coverage | -18.56 | -18.56 | 3.18 | -6.30 | 1.70 | -5.31 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Current Ratio | 1.00 | 1.00 | 1.40 | 1.21 | 1.10 | 0.79 |
| Quick Ratio | 1.00 | 1.00 | 1.40 | 1.21 | 1.10 | 0.79 |
| Cash Ratio | 0.07 | 0.07 | 0.02 | 0.10 | 0.03 | 0.03 |
| Asset Turnover | — | 11.63 | 6.39 | 1.11 | 1.13 | 0.66 |
| Inventory Turnover | — | — | — | — | — | — |
| 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 |
|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Earnings Yield | — | — | 10.5% | — | — | — |
| FCF Yield | — | — | — | — | — | — |
| Buyback Yield | 4.6% | 16.2% | 0.0% | — | — | — |
| Total Shareholder Yield | 4.6% | 16.2% | 0.0% | — | — | — |
| Shares Outstanding | — | $32M | $32M | $31M | $31M | $31M |
Critical liquidity and solvency
As reported in recent financial filings, ZBAO's P/B ratio has compressed to 0.21x as of 2026Q2, reflecting a market that appears increasingly skeptical of the firm's ability to preserve book value given the rapid depletion of equity from $216.2 million in 2023Q3 to just $2.8 million.
The current valuation multiple suggests that investors are pricing in significant distress rather than growth potential. This deep discount to book value warrants further investigation into whether the company's digital brokerage model can generate sufficient future earnings to justify its current market capitalization or if further equity dilution is inevitable.
Based on the company's reported figures, the combined ratio has demonstrated extreme variance, oscillating from a highly efficient 81.4% in late 2024 to a distressed 174.4% in 2024Q2, which highlights the inherent difficulty in maintaining consistent underwriting discipline within a rapidly scaling digital brokerage framework.
The volatility in the combined ratio suggests that ZBAO's underwriting performance is highly sensitive to product mix and external market shocks. Investors should monitor whether the recent 98.3% combined ratio in 2026Q2 represents a stabilization of underwriting discipline or merely a temporary reprieve from the severe losses observed in prior periods.
According to the provided balance sheet data, the company's equity base has eroded to $2.8 million against $33.4 million in total liabilities as of 2026Q2, indicating that the firm's underwriting leverage is currently operating at levels that appear highly vulnerable to any adverse claims development.
The rapid contraction of the capital base relative to liabilities suggests that the company lacks the necessary buffer to support its current scale of operations. This leverage profile may indicate that the firm is operating with insufficient surplus to meet regulatory capital requirements, which warrants close scrutiny by stakeholders.
As indicated by the company's financial statements, analysts frequently misapply the P/E ratio to ZBAO, which obscures the firm's underlying cash burn and capital depletion by ignoring the volatility inherent in its MGU-integrated business model and the significant non-cash expenses impacting reported net income.
Using P/E as a valuation anchor for ZBAO is misleading given the company's negative earnings and the structural shift toward MGU services. A more appropriate focus would be on the combined ratio and the sustainability of the equity base, as these metrics better capture the firm's operational viability and solvency risk.
Includes 30+ ratios · 5 years · Updated daily
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Quick answers to the most common questions about buying ZBAO stock.
Zhibao Technology Inc. Class A Ordinary Shares's current P/E ratio is -0.2x. The historical average is 9.5x.
Zhibao Technology Inc. Class A Ordinary Shares's return on equity (ROE) is -2654.5%. The historical average is 22.7%.
Based on historical data, Zhibao Technology Inc. Class A Ordinary Shares is trading at a P/E of -0.2x. Compare with industry peers and growth rates for a complete picture.
Zhibao Technology Inc. Class A Ordinary Shares has 41.0% gross margin and -19.3% operating margin.