Latest Ratios: P/E Ratio -5.9x · EV/EBITDA N/A · ROE -21.8%. (2003–2026 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $68M | $45M | $56M | $17M | $75M | $141M | $213M | $16M | $72M | $32M | $12M |
| Enterprise Value | $87M | $64M | $43M | $19M | $74M | $128M | $209M | $52M | $117M | $82M | $140M |
| P/E Ratio → | -5.89 | — | 19.75 | — | — | 81.00 | — | — | — | — | — |
| P/S Ratio | 1.03 | 0.69 | 0.72 | 0.35 | 1.10 | 2.51 | 6.79 | 0.40 | 1.35 | 0.47 | 0.14 |
| P/B Ratio | 1.25 | 1.04 | 1.49 | 0.53 | 1.91 | 3.44 | 13.44 | — | — | — | — |
| P/FCF | — | — | 3.47 | — | — | 33.22 | — | 2.43 | 7.90 | 1.47 | 0.40 |
| P/OCF | — | — | 3.23 | — | — | 28.86 | — | 2.04 | 6.50 | 1.41 | 0.39 |
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 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.97 | 0.55 | 0.39 | 1.08 | 2.29 | 6.64 | 1.31 | 2.18 | 1.21 | 1.55 |
| EV / EBITDA | — | — | 3.65 | 9.08 | — | 22.91 | — | 10.22 | 14.34 | 4.38 | 3.48 |
| EV / EBIT | — | — | 5.20 | — | — | 69.87 | — | — | — | — | 33.97 |
| EV / FCF | — | — | 2.64 | — | — | 30.32 | — | 7.91 | 12.79 | 3.82 | 4.49 |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 44.3% | 44.3% | 50.4% | 61.1% | 46.5% | 62.7% | 48.7% | 56.4% | 69.9% | 71.2% | 72.2% |
| Operating Margin | -19.1% | -19.1% | 10.1% | -3.4% | -9.5% | 1.9% | -42.9% | -11.1% | -10.5% | 1.1% | 7.5% |
| Net Profit Margin | -13.4% | -13.4% | 4.6% | -43.6% | -14.3% | 3.9% | -199.9% | -37.5% | -30.3% | -27.3% | -16.7% |
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -21.8% | -21.8% | 10.3% | -60.1% | -24.3% | 7.8% | -395.5% | — | — | — | — |
| ROA | -8.7% | -8.7% | 5.3% | -28.1% | -10.1% | 2.5% | -67.6% | -14.1% | -14.8% | -13.5% | -8.4% |
| ROIC | -21.8% | -21.8% | 20.3% | -3.5% | -14.5% | 3.9% | -73.7% | -26.7% | -23.4% | 1.3% | 6.3% |
| ROCE | -23.9% | -23.9% | 22.3% | -4.4% | -14.3% | 3.2% | -5476.8% | — | -37.5% | 1.5% | 8.6% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.52 | 0.52 | 0.01 | 0.22 | 0.16 | 0.02 | 0.76 | — | — | — | — |
| Debt / EBITDA | — | — | 0.04 | 3.42 | — | 0.13 | — | 9.91 | 7.68 | 3.65 | 3.49 |
| Net Debt / Equity | — | 0.44 | -0.36 | 0.06 | -0.02 | -0.30 | -0.31 | — | — | — | — |
| Net Debt / EBITDA | — | — | -1.15 | 0.95 | — | -2.20 | — | 7.07 | 5.48 | 2.69 | 3.17 |
| Debt / FCF | — | — | -0.83 | — | — | -2.91 | — | 5.48 | 4.89 | 2.35 | 4.09 |
| Interest Coverage | -27.50 | -27.50 | 1.89 | -18.94 | -6.42 | 5.17 | -14.47 | -0.99 | -0.55 | -0.27 | 0.22 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.81 | 0.81 | 1.11 | 1.05 | 0.83 | 0.92 | 0.75 | 0.48 | 0.57 | 0.97 | 0.85 |
| Quick Ratio | 0.81 | 0.81 | 1.11 | 1.05 | 0.82 | 0.91 | 0.75 | 0.47 | 0.56 | 0.96 | 0.84 |
| Cash Ratio | 0.05 | 0.05 | 0.40 | 0.17 | 0.16 | 0.23 | 0.29 | 0.11 | 0.16 | 0.24 | 0.12 |
| Asset Turnover | — | 0.50 | 1.08 | 0.76 | 0.77 | 0.54 | 0.42 | 0.36 | 0.54 | 0.56 | 0.60 |
| Inventory Turnover | — | — | — | — | 175.67 | 180.12 | 97.01 | 29.46 | 23.95 | 24.65 | 22.09 |
| Days Sales Outstanding | — | 214.36 | 73.91 | 124.64 | 133.96 | 233.63 | 272.68 | 355.75 | 280.84 | 268.04 | 257.04 |
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 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | 5.1% | — | — | 1.2% | — | — | — | — | — |
| FCF Yield | — | — | 28.8% | — | — | 3.0% | — | 41.1% | 12.7% | 67.8% | 250.2% |
| Buyback Yield | 0.0% | 0.0% | 0.4% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.5% | 0.0% |
| Total Shareholder Yield | 0.0% | 0.0% | 0.4% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.5% | 0.0% |
| Shares Outstanding | — | $19M | $18M | $12M | $9M | $9M | $6M | $2M | $2M | $1M | $402458 |
Persistent Liquidity and Solvency
According to current market data, Cineverse trades at a P/S ratio of 0.86, which appears to reflect significant investor skepticism regarding the company's ability to achieve sustainable profitability or scale its proprietary Matchpoint technology platform in an increasingly crowded and competitive FAST streaming landscape.
The low P/S multiple suggests that the market is pricing the company as a distressed asset rather than a high-growth technology provider. Investors should monitor whether the valuation remains depressed due to the lack of forward earnings visibility or if the market is correctly discounting the risks associated with the company's historical capital misallocation.
Based on reported figures, ROIC has swung from a peak of 20.4% in 2025Q3 to a negative 1.1% in 2026Q3, illustrating that the company has struggled to consistently compound capital as it pivots away from legacy cinema services toward a digital-first streaming model.
The extreme variance in returns on invested capital suggests that the company's profitability is highly sensitive to operational scale and content amortization costs. This instability warrants further investigation into whether the company can achieve a stable return profile without recurring to dilutive financing or further asset impairments.
As reported in recent financial statements, the company's DSO has fluctuated significantly, reaching 88 days in 2026Q3, which indicates that Cineverse faces persistent challenges in converting its streaming and technology service revenues into timely cash inflows compared to its historical performance.
The high variability in the cash conversion cycle suggests that the company lacks strong leverage over its counterparties in the FAST ecosystem. This inefficiency appears to be a structural drag on liquidity, forcing the company to rely on external funding to bridge the gap between revenue recognition and actual cash collection.
Based on the company's reported figures, the current ratio has consistently hovered near 1.00 over the last ten quarters, indicating that Cineverse maintains a vulnerable liquidity position that leaves minimal margin for error during periods of operational stress or unexpected market downturns.
The reliance on a tight current ratio suggests that the company is operating with very little financial cushion, which may limit its ability to invest in new content or technology development. Investors should monitor the company's ability to manage its short-term obligations without further eroding its already diminished asset base.
The market's reliance on the P/S ratio to value Cineverse likely obscures the underlying quality of its revenue, as the company's gross margins are structurally constrained by significant revenue-sharing agreements with major streaming platforms that are not captured by top-line metrics alone.
Analysts should instead focus on contribution margin or net revenue after platform fees to better understand the company's true earning power. Using P/S as a primary valuation tool may lead to an overestimation of the company's growth potential by failing to account for the high cost of revenue inherent in the FAST business model.
Includes 30+ ratios · 24 years · Updated daily
DCF models, multiple analysis, and analyst estimates.
10-year return with dividends reinvested.
See how regular investing compounds over time.
Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying CNVS stock.
Cineverse Corp.'s current P/E ratio is -5.9x. The historical average is 50.4x.
Cineverse Corp.'s return on equity (ROE) is -21.8%. The historical average is -105.2%.
Based on historical data, Cineverse Corp. is trading at a P/E of -5.9x. Compare with industry peers and growth rates for a complete picture.
Cineverse Corp. has 44.3% gross margin and -19.1% operating margin.