Latest Ratios: P/E Ratio -3.2x · EV/EBITDA N/A · ROE -11.6%. (2016–2025 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 | $25M | $26M | $22M | $27M | $32M | $76M | $32M | $78M | $151M | — | — |
| Enterprise Value | $31M | $31M | $19M | $16M | $29M | $58M | $21M | $74M | $144M | — | — |
| P/E Ratio → | -3.23 | — | — | 142.17 | 7.33 | 11.03 | 10.80 | — | 61.67 | — | — |
| P/S Ratio | 0.15 | 0.16 | 0.16 | 0.18 | 0.21 | 0.60 | 0.35 | 1.20 | 3.08 | — | — |
| P/B Ratio | 0.40 | 0.44 | 0.35 | 0.42 | 0.48 | 1.31 | 1.11 | 3.66 | 8.30 | — | — |
| P/FCF | — | — | 3.26 | 2.97 | — | — | 5.51 | — | — | — | — |
| P/OCF | — | — | 2.49 | 2.81 | 10.13 | — | 5.35 | 195.00 | — | — | — |
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 | — | 0.19 | 0.14 | 0.11 | 0.19 | 0.46 | 0.24 | 1.14 | 2.93 | — | — |
| EV / EBITDA | — | — | — | 12.71 | 3.43 | 6.45 | 5.60 | — | 74.26 | — | — |
| EV / EBIT | — | — | — | 6.70 | 3.85 | 6.97 | 6.63 | — | 83.13 | — | — |
| EV / FCF | — | — | 2.84 | 1.79 | — | — | 3.69 | — | — | — | — |
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 | 20.9% | 20.9% | 23.1% | 22.9% | 27.0% | 31.9% | 34.8% | 36.6% | 36.1% | 40.5% | 39.8% |
| Operating Margin | -4.0% | -4.0% | -1.8% | 0.1% | 4.9% | 6.6% | 3.6% | -4.8% | 3.5% | 5.1% | 2.1% |
| Net Profit Margin | -4.3% | -4.3% | -1.6% | 0.1% | 2.9% | 5.4% | 3.3% | -5.0% | 5.0% | 6.5% | 6.3% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -11.6% | -11.6% | -3.6% | 0.3% | 7.1% | 15.8% | 11.7% | -16.5% | 20.7% | 43.0% | 43.4% |
| ROA | -6.2% | -6.2% | -2.3% | 0.2% | 4.8% | 10.6% | 7.5% | -10.3% | 10.9% | 17.1% | 17.4% |
| ROIC | -7.9% | -7.9% | -3.3% | 0.1% | 10.6% | 21.4% | 13.7% | -16.6% | 22.6% | 242.3% | — |
| ROCE | -9.8% | -9.8% | -3.6% | 0.1% | 11.3% | 18.9% | 12.7% | -15.6% | 14.7% | 33.7% | 14.6% |
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 | 0.59 | 0.59 | 0.41 | 0.17 | 0.21 | 0.13 | 0.08 | 0.10 | 0.14 | — | — |
| Debt / EBITDA | — | — | — | 8.77 | 1.74 | 0.83 | 0.57 | — | 1.32 | — | — |
| Net Debt / Equity | — | 0.10 | -0.05 | -0.17 | -0.06 | -0.30 | -0.37 | -0.21 | -0.40 | -0.91 | -1.25 |
| Net Debt / EBITDA | — | — | — | -8.37 | -0.47 | -1.90 | -2.76 | — | -3.72 | -2.75 | -7.90 |
| Debt / FCF | — | — | -0.42 | -1.18 | — | — | -1.82 | — | — | -8.57 | -1.28 |
| Interest Coverage | — | — | — | — | — | — | — | — | — | — | — |
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 | 1.58 | 1.58 | 1.96 | 2.77 | 2.53 | 3.30 | 2.48 | 2.64 | 2.27 | 1.50 | 1.58 |
| Quick Ratio | 1.58 | 1.58 | 1.96 | 2.77 | 2.53 | 3.30 | 2.48 | 2.64 | 2.27 | 1.50 | 1.58 |
| Cash Ratio | 0.53 | 0.53 | 0.78 | 0.84 | 0.61 | 1.25 | 0.81 | 0.74 | 0.76 | 0.59 | 0.84 |
| Asset Turnover | — | 1.39 | 1.30 | 1.58 | 1.49 | 1.52 | 1.97 | 1.99 | 1.58 | 2.32 | 2.77 |
| Inventory Turnover | — | — | — | 1322.71 | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | 109.33 | 108.21 | 118.72 | 130.01 | 129.38 | 105.13 | 109.58 | 122.31 | 78.71 | 55.00 |
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 | 15.7% | 14.2% | 11.5% | 4.3% | — | 0.0% | — | — | 0.4% | — | — |
| Payout Ratio | — | — | — | 610.7% | — | 0.5% | — | — | 25.2% | 36.0% | 289.1% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | 0.7% | 13.6% | 9.1% | 9.3% | — | 1.6% | — | — |
| FCF Yield | — | — | 30.6% | 33.6% | — | — | 18.2% | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — | — |
| Total Shareholder Yield | 15.7% | 14.2% | 11.5% | 4.3% | 0.0% | 0.0% | 0.0% | 0.0% | 0.4% | — | — |
| Shares Outstanding | — | $28M | $25M | $23M | $21M | $18M | $15M | $14M | $12M | $14M | $13M |
Margin erosion from labor
According to recent market data, CLPS trades at a P/S multiple of 0.15, which, when combined with a negative TTM P/E of -3.27, suggests that investors are heavily discounting the firm's future earnings potential due to persistent operational losses and the absence of a clear path to profitability.
The current valuation appears to reflect a market skepticism regarding the company's ability to transition from a labor-intensive service model to a scalable, high-margin enterprise. Given the lack of a positive forward P/E, the stock is currently priced more as a distressed asset than a growth-oriented technology provider, warranting caution for investors seeking fundamental value.
Based on reported figures, the company's ROIC has deteriorated from a peak of 17.0% in 2021Q2 to -7.2% in 2025Q4, indicating that the firm is currently destroying shareholder value rather than compounding it through its core banking IT consulting and solution delivery operations.
This sharp reversal in return on capital suggests that the company's investments in headcount and geographic expansion are failing to generate sufficient incremental returns. The trend implies that the firm's competitive moat, while theoretically supported by its training platform, is not currently translating into the pricing power necessary to offset rising personnel costs.
As evidenced by the latest quarterly filings, the company's asset turnover has declined to 0.69, down from 1.05 in 2021Q2, which suggests that the firm is becoming less efficient at utilizing its asset base to generate revenue in its highly competitive financial services niche.
The increase in DSO to 53 days in 2025Q4, compared to 45 days in 2021Q2, indicates that the company is facing longer collection cycles from its banking clients. This trend, combined with the reliance on unbilled receivables, may indicate that the firm is sacrificing cash flow quality to maintain its top-line growth trajectory.
According to financial statements, the debt-to-equity ratio has climbed to 0.59 in 2025Q4 from 0.13 in 2021Q2, signaling that the company is increasingly reliant on external financing to sustain its operations while internal cash generation remains persistently negative and insufficient to cover debt service requirements.
While the current debt-to-equity ratio remains relatively low compared to capital-intensive industries, the rapid upward trend is concerning given the company's inability to generate positive net income. Investors should monitor whether this reliance on debt continues to grow, as it may eventually constrain the company's operational flexibility and increase refinancing risk.
Market participants often misapply top-line revenue growth as a proxy for business health, yet data from recent filings suggests this metric obscures the underlying margin compression and the unsustainable nature of the company's current labor-heavy, low-margin service delivery model in the competitive Chinese IT sector.
Focusing on revenue growth ignores the fact that the company's operating margins have turned negative, suggesting that each additional dollar of revenue is currently being generated at a loss. A more appropriate metric for this business model would be contribution margin per consultant or utilization-adjusted revenue, which would better capture the true earning power of the firm's specialized talent pool.
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Quick answers to the most common questions about buying CLPS stock.
CLPS Incorporation's current P/E ratio is -3.2x. The historical average is 46.6x.
CLPS Incorporation's return on equity (ROE) is -11.6%. The historical average is 11.0%.
Based on historical data, CLPS Incorporation is trading at a P/E of -3.2x. Compare with industry peers and growth rates for a complete picture.
CLPS Incorporation's current dividend yield is 15.74%.
CLPS Incorporation has 20.9% gross margin and -4.0% operating margin.