Latest Ratios: P/E Ratio -4.2x · EV/EBITDA 494.7x · ROE -37.4%. (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 | $8M | $13M | $20M | — | — | — |
| Enterprise Value | $8M | $13M | $20M | — | — | — |
| P/E Ratio → | -4.17 | — | — | — | — | — |
| P/S Ratio | — | — | — | — | — | — |
| P/B Ratio | 1.76 | 2.75 | 3.02 | — | — | — |
| 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 | — | — | — | — | — | — |
| EV / EBITDA | 494.69 | 772.93 | 677.80 | — | — | — |
| 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 | — | — | — | — | — | — |
| Operating Margin | — | — | — | — | — | — |
| Net Profit Margin | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| ROE | -37.4% | -37.4% | -9.2% | 1.8% | 0.8% | — |
| ROA | -15.9% | -15.9% | -33.8% | 2.6% | 0.8% | -1765.8% |
| ROIC | — | — | — | -1.3% | -0.8% | — |
| ROCE | — | — | — | -2.5% | -1.0% | — |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Debt / Equity | 0.00 | 0.00 | 0.00 | 0.05 | 0.00 | — |
| Debt / EBITDA | 0.97 | 0.97 | 0.12 | — | — | — |
| Net Debt / Equity | — | 0.00 | -0.01 | 0.04 | -0.00 | — |
| Net Debt / EBITDA | 0.38 | 0.38 | -1.70 | — | — | — |
| Debt / FCF | — | — | — | — | — | — |
| Interest Coverage | — | — | — | — | — | — |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Current Ratio | 1.57 | 1.57 | 1.93 | 0.44 | 1.31 | 0.00 |
| Quick Ratio | 1.57 | 1.57 | 1.93 | 0.44 | 1.31 | 0.00 |
| Cash Ratio | 0.00 | 0.00 | 0.01 | 0.07 | 1.00 | 0.00 |
| Asset Turnover | — | — | — | — | — | — |
| 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 | — | — | — | — | — | — |
| FCF Yield | — | — | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | — | — | — |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | — | — | — |
| Shares Outstanding | — | $51M | $45M | $10M | $247M | $47M |
Imminent insolvency and dilution
According to recent market data, AIEV trades at an EV/EBITDA multiple of 385.17, a figure that appears disconnected from fundamental reality given the company's lack of revenue and the nominal cash balance of $10,093 reported in the most recent quarterly financial statements.
The elevated EV/EBITDA multiple is a mathematical artifact of near-zero earnings rather than a reflection of growth potential. Investors should interpret this valuation as a speculative premium on potential future equity financing rather than an assessment of current operational value.
Based on reported figures, AIEV's ROIC has consistently trended in negative territory, reaching -6.9% in 2025Q2, which highlights the company's inability to generate productive returns on the capital deployed during its prolonged and pre-revenue development phase within the competitive EV manufacturing sector.
The persistent negative ROIC suggests that every dollar of capital invested is currently being eroded by administrative and R&D burn rather than being compounded. This trend warrants further investigation into whether the company's modular chassis architecture can ever achieve the scale necessary to reach positive returns.
As reported in financial statements, the company's current ratio has fluctuated significantly, dropping to 1.49 in 2026Q1, which masks the underlying reality that the firm holds only $10,093 in cash, a level that is fundamentally inadequate for a public automotive manufacturer.
While the current ratio might appear superficially stable, the absolute lack of liquid assets indicates a severe vulnerability to even minor operational disruptions. Investors should monitor the company's ability to secure emergency funding, as the current liquidity position appears insufficient to sustain ongoing operations.
Based on the provided data, AIEV maintains a D/E ratio of 0.00, which might suggest a clean balance sheet, but this is misleading as the company lacks the operational cash flow to service any meaningful debt obligations in its current pre-revenue state.
The absence of debt is not a sign of financial strength but rather a reflection of the company's inability to access traditional credit markets. The lack of interest coverage capacity suggests that any future attempt to leverage the balance sheet would likely be prohibitively expensive.
The most commonly misapplied metric for AIEV is the P/B ratio, which currently sits at 1.37, as it erroneously implies that the company's book value represents productive assets capable of generating future cash flows in the highly capital-intensive automotive manufacturing industry.
Investors should instead focus on the cash-to-burn ratio, as the book value is largely composed of intangible development costs that may hold little liquidation value. Relying on P/B obscures the reality that the company is effectively a shell for speculative R&D with no tangible manufacturing base.
Includes 30+ ratios · 5 years · Updated daily
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Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying AIEV stock.
Thunder Power Holdings, Inc.'s current P/E ratio is -4.2x. This places it at the 50th percentile of its historical range.
Thunder Power Holdings, Inc.'s current EV/EBITDA is 494.7x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA.
Thunder Power Holdings, Inc.'s return on equity (ROE) is -37.4%. The historical average is -11.0%.
Based on historical data, Thunder Power Holdings, Inc. is trading at a P/E of -4.2x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Thunder Power Holdings, Inc.'s Debt/EBITDA ratio is 1.0x, indicating low leverage. A ratio below 2x is generally considered financially healthy.