Latest Ratios: P/E Ratio 185.0x · EV/EBITDA 164.6x · ROE 2.1%. (1996–2025 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 | $77M | $47M | $24M | $34M | $39M | $63M | $31M | $14M | $16M | $22M | $25M |
| Enterprise Value | $73M | $43M | $20M | $26M | $32M | $59M | $31M | $15M | $16M | $21M | $21M |
| P/E Ratio → | 184.98 | 117.58 | — | 25.08 | 17.93 | 19.73 | 33.68 | — | — | — | — |
| P/S Ratio | 2.37 | 1.45 | 1.11 | 1.25 | 1.48 | 2.82 | 1.46 | 0.65 | 0.75 | 1.50 | 1.61 |
| P/B Ratio | 3.01 | 1.91 | 1.62 | 1.98 | 2.51 | 4.81 | 4.81 | 2.60 | 2.78 | 2.35 | 2.30 |
| P/FCF | — | — | — | 62.60 | 12.69 | 42.43 | 22.73 | — | — | — | — |
| P/OCF | 0.00 | 0.00 | — | 27.12 | 11.12 | 31.55 | 18.33 | — | — | — | 41.40 |
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 | — | 1.32 | 0.97 | 0.94 | 1.20 | 2.63 | 1.47 | 0.71 | 0.72 | 1.41 | 1.39 |
| EV / EBITDA | 164.60 | 96.80 | — | 11.86 | 11.86 | 60.08 | 21.19 | — | — | — | — |
| EV / EBIT | 164.60 | 96.80 | — | 15.27 | 14.22 | 115.04 | 33.48 | — | — | — | — |
| EV / FCF | — | — | — | 47.25 | 10.21 | 39.54 | 22.76 | — | — | — | — |
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 | 16.2% | 16.2% | -0.6% | 24.8% | 27.5% | 21.3% | 20.0% | 11.8% | 13.5% | 11.4% | 14.0% |
| Operating Margin | 1.4% | 1.4% | -20.7% | 6.2% | 8.4% | 2.3% | 4.4% | -2.8% | -4.2% | -13.4% | -7.7% |
| Net Profit Margin | 1.3% | 1.3% | -14.8% | 5.0% | 8.0% | 14.3% | 4.4% | -3.0% | -17.2% | -11.8% | -3.0% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 2.1% | 2.1% | -19.7% | 8.3% | 14.8% | 33.0% | 15.5% | -11.4% | -48.9% | -17.1% | -4.2% |
| ROA | 1.7% | 1.7% | -15.5% | 6.3% | 10.5% | 23.7% | 10.5% | -7.3% | -38.0% | -14.9% | -3.5% |
| ROIC | 2.1% | 2.1% | -32.3% | 15.1% | 19.9% | 5.0% | 10.5% | -7.6% | -10.2% | -19.1% | -11.9% |
| ROCE | 2.3% | 2.3% | -27.3% | 10.0% | 14.9% | 5.1% | 15.4% | -10.7% | -11.9% | -19.4% | -10.9% |
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 | 0.01 | 0.01 | 0.01 | 0.02 | 0.04 | 0.06 | 0.04 | 0.27 | — | — | — |
| Debt / EBITDA | 0.76 | 0.76 | — | 0.18 | 0.21 | 0.75 | 0.16 | — | — | — | — |
| Net Debt / Equity | — | -0.17 | -0.21 | -0.49 | -0.49 | -0.33 | 0.01 | 0.24 | -0.11 | -0.14 | -0.32 |
| Net Debt / EBITDA | -9.30 | -9.30 | — | -3.85 | -2.87 | -4.39 | 0.03 | — | — | — | — |
| Debt / FCF | — | — | — | -15.34 | -2.48 | -2.89 | 0.03 | — | — | — | — |
| Interest Coverage | — | — | — | 333.47 | 280.95 | 14.70 | 7.96 | — | — | -169.03 | -23.01 |
Net cash position: cash ($4M) exceeds total debt ($336000)
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 | 5.30 | 5.30 | 3.29 | 4.46 | 3.31 | 2.75 | 3.81 | 2.03 | 2.65 | 3.82 | 5.77 |
| Quick Ratio | 4.10 | 4.10 | 2.28 | 3.33 | 2.41 | 1.99 | 1.76 | 1.19 | 1.45 | 2.58 | 4.24 |
| Cash Ratio | 2.83 | 2.83 | 1.00 | 2.17 | 1.54 | 0.99 | 0.11 | 0.04 | 0.24 | 0.79 | 2.65 |
| Asset Turnover | — | 1.10 | 1.12 | 1.28 | 1.23 | 1.19 | 2.51 | 2.38 | 2.54 | 1.32 | 1.28 |
| Inventory Turnover | 4.88 | 4.88 | 4.90 | 4.52 | 3.96 | 4.51 | 4.50 | 6.11 | 5.85 | 6.12 | 6.69 |
| Days Sales Outstanding | — | 62.89 | 87.01 | 59.25 | 61.28 | 79.18 | 50.97 | 69.49 | 51.64 | 73.70 | 46.59 |
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 | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 0.5% | 0.9% | — | 4.0% | 5.6% | 5.1% | 3.0% | — | — | — | — |
| FCF Yield | — | — | — | 1.6% | 7.9% | 2.4% | 4.4% | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Shares Outstanding | — | $15M | $15M | $15M | $15M | $15M | $13M | $13M | $13M | $13M | $13M |
Operational margin volatility
Based on current market data, CPSH trades at a TTM P/E of 208.06, a valuation that appears disconnected from its historical profitability and suggests investors are pricing in significant future growth rather than current earnings, as noted in recent financial disclosures and market pricing metrics.
The forward P/E of 142.00 implies that the market expects a substantial inflection in earnings power that has yet to materialize in the reported financials. Investors should monitor whether this premium is supported by actual contract wins or if it reflects speculative interest in the company's role within the wide-bandgap semiconductor supply chain.
According to quarterly performance data, CPSH's ROIC has trended into negative territory, reaching -2.0% in 2026Q1, which indicates that the company is currently failing to generate returns on invested capital that exceed its cost of capital, a trend that warrants further investigation by fundamental analysts.
The decay in ROIC from positive levels in 2025Q3 suggests that recent investments in production capacity have not yet yielded the expected operational returns. This trend implies that the company's capital allocation strategy is currently value-destructive, necessitating a shift toward higher-margin product mixes to restore positive compounding.
As reported in recent financial statements, the company's cash conversion cycle has fluctuated significantly, reaching 105 days in 2026Q1, which highlights the operational challenges of managing inventory and receivables within a project-based manufacturing model that is highly sensitive to the timing of large industrial purchase orders.
The elevated DSO of 62 days combined with a DIO of 91 days suggests that capital remains tied up in inventory and uncollected receivables for extended periods. This inefficiency appears to be a structural drag on cash flow, limiting the company's ability to self-fund its growth initiatives without relying on its existing cash reserves.
Based on reported figures, CPSH maintains a negligible debt-to-equity ratio of 0.01%, providing a fortress-like balance sheet that offers significant financial flexibility, though this lack of leverage does not currently translate into operational stability given the persistent volatility in the company's quarterly net margins.
While the absence of debt service obligations reduces bankruptcy risk, it also suggests that the company is not utilizing financial leverage to amplify returns during growth phases. Investors should monitor whether this conservative stance is a strategic choice to preserve independence or a limitation imposed by the company's historical inability to maintain consistent profitability.
The market's reliance on the P/S ratio to value CPSH obscures the company's structural inability to convert top-line revenue into meaningful operating margins, as evidenced by the 1.36% operating margin, which suggests that revenue growth alone is an insufficient metric for assessing the firm's long-term viability.
Analysts should prioritize the use of EV/EBITDA or FCF-based metrics over P/S, as the latter fails to account for the high fixed-cost structure and capital intensity inherent in MMC manufacturing. Focusing on revenue growth without adjusting for the cost of production risks overestimating the company's intrinsic value in a competitive hardware landscape.
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Quick answers to the most common questions about buying CPSH stock.
CPS Technologies Corporation's current P/E ratio is 185.0x. The historical average is 35.6x. This places it at the 100th percentile of its historical range.
CPS Technologies Corporation's current EV/EBITDA is 164.6x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 24.7x.
CPS Technologies Corporation's return on equity (ROE) is 2.1%. The historical average is 17.1%.
Based on historical data, CPS Technologies Corporation is trading at a P/E of 185.0x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
CPS Technologies Corporation has 16.2% gross margin and 1.4% operating margin.
CPS Technologies Corporation's Debt/EBITDA ratio is 0.8x, indicating low leverage. A ratio below 2x is generally considered financially healthy.