Latest Ratios: P/E Ratio -0.9x · EV/EBITDA N/A · ROE -259.2%. (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 | $20M | $21M | $18M | — | — | — |
| Enterprise Value | $24M | $25M | $19M | — | — | — |
| P/E Ratio → | -0.95 | — | — | — | — | — |
| P/S Ratio | 9.80 | 10.02 | 11.41 | — | — | — |
| P/B Ratio | 4.37 | 14.17 | 4.90 | — | — | — |
| 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 | — | 11.92 | 12.06 | — | — | — |
| 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 |
|---|---|---|---|---|---|---|
| Gross Margin | 47.6% | 47.6% | 49.6% | 29.7% | 26.2% | 26.8% |
| Operating Margin | -308.1% | -308.1% | -121.3% | -206.9% | -10.1% | -71.5% |
| Net Profit Margin | -325.3% | -325.3% | -142.2% | -205.8% | -20.5% | -84.2% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| ROE | -259.2% | -259.2% | -83.2% | -287.7% | — | — |
| ROA | -84.6% | -84.6% | -33.6% | -127.9% | -36.2% | -114.5% |
| ROIC | -93.9% | -93.9% | -29.7% | -119.5% | -17.4% | — |
| ROCE | -110.2% | -110.2% | -47.9% | -235.5% | — | — |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Debt / Equity | 3.69 | 3.69 | 0.82 | 2.11 | — | — |
| Debt / EBITDA | — | — | — | — | — | — |
| Net Debt / Equity | — | 2.69 | 0.28 | 1.89 | — | — |
| Net Debt / EBITDA | — | — | — | — | — | — |
| Debt / FCF | — | — | — | — | — | — |
| Interest Coverage | -17.20 | -17.20 | -5.81 | -17.25 | -0.97 | -5.64 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Current Ratio | 1.34 | 1.34 | 2.13 | 0.44 | 0.22 | 0.17 |
| Quick Ratio | 0.86 | 0.86 | 1.69 | 0.27 | 0.09 | 0.07 |
| Cash Ratio | 0.51 | 0.51 | 1.34 | 0.10 | 0.03 | 0.02 |
| Asset Turnover | — | 0.24 | 0.21 | 0.40 | 1.50 | 1.36 |
| Inventory Turnover | 0.79 | 0.79 | 1.20 | 2.56 | 1.95 | 1.63 |
| Days Sales Outstanding | — | 115.81 | 106.27 | 34.92 | 55.89 | 55.10 |
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 | — | — | — | — | — | — |
| FCF Yield | — | — | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | — | — | — |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | — | — | — |
| Shares Outstanding | — | $9M | $8M | $8M | $8M | $8M |
Imminent liquidity depletion risk
Based on current market data, CleanCore's price-to-sales ratio of 9.80 appears significantly detached from its negative profitability profile, suggesting that investors are pricing in speculative growth expectations that remain unsupported by the company's recent financial performance and its inability to achieve a positive earnings trajectory.
The high P/S multiple relative to the company's lack of earnings suggests a valuation premium that may be difficult to justify without a clear path to operational scale. Investors should monitor whether this multiple reflects a misunderstanding of the firm's hardware-centric business model versus a more scalable software or consumable-based peer.
As reported in financial statements, the company's ROIC has consistently remained in negative territory, reaching -12.2% in 2026Q3, which indicates that the firm is currently destroying shareholder value rather than compounding it through its investments in ozone generation hardware and related infrastructure.
The persistent negative return on capital suggests that the company's investments are not generating sufficient returns to cover the cost of capital. This trend warrants further investigation into whether the current hardware-heavy strategy can ever achieve the efficiency required to turn these returns positive.
According to historical data, the company's inventory turnover and cash conversion cycle have shown extreme volatility, with DIO reaching 94 days in 2026Q3, which suggests significant challenges in managing hardware inventory levels and converting sales into cash within a reasonable timeframe for an industrial manufacturer.
The inability to maintain a stable cash conversion cycle implies that the company's working capital management is currently a drag on its limited liquidity. This inefficiency appears to be a structural byproduct of the transactional hardware model, which lacks the recurring revenue streams that typically stabilize working capital.
Based on reported figures, the company's quick ratio of 2.82 in 2026Q3 masks a precarious cash position, as the rapid depletion of liquid assets relative to ongoing operating losses suggests that the firm may face significant solvency risks in the near term without external capital.
While the current ratio appears superficially healthy, the underlying cash burn rate indicates that the company's liquidity buffer is eroding rapidly. Investors should monitor the company's ability to secure additional financing, as the current cash position appears insufficient to sustain operations through a prolonged period of negative cash flow.
The most commonly misapplied metric for CleanCore is the price-to-sales ratio, which obscures the company's lack of recurring revenue and high fixed-cost structure, leading to an overestimation of the firm's value compared to more stable, consumable-driven industrial cleaning peers that command similar or lower multiples.
Analysts should instead focus on the cash-burn-to-revenue ratio or the unit economics of the electrolytic cells to better understand the company's true financial health. Relying on P/S ratios in this context ignores the fundamental reality that the company's current sales model is not yet self-sustaining.
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Quick answers to the most common questions about buying ZONE stock.
CleanCore Solutions, Inc.'s current P/E ratio is -0.9x. This places it at the 50th percentile of its historical range.
CleanCore Solutions, Inc.'s return on equity (ROE) is -259.2%. The historical average is -210.0%.
Based on historical data, CleanCore Solutions, Inc. is trading at a P/E of -0.9x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
CleanCore Solutions, Inc. has 47.6% gross margin and -308.1% operating margin.