Latest Ratios: P/E Ratio -0.2x · EV/EBITDA N/A · ROE -93.2%. (2019–2025 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 |
|---|---|---|---|---|---|---|---|---|
| Market Cap | $14M | $11M | $168M | $955M | $3.2B | $4.0B | — | — |
| Enterprise Value | $19M | $17M | $145M | $952M | $3.2B | $3.9B | — | — |
| P/E Ratio → | -0.24 | — | — | — | — | — | — | — |
| P/S Ratio | 61.84 | 49.35 | 457.39 | 641.05 | 12252.24 | — | — | — |
| P/B Ratio | 0.14 | 0.28 | 14.52 | 89.77 | 133.10 | 177.84 | — | — |
| 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 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 75.92 | 394.10 | 639.31 | 12213.46 | — | — | — |
| 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 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 38.0% | 38.0% | -45.5% | 17.9% | 28.7% | — | — | — |
| Operating Margin | -11731.1% | -11731.1% | -6201.0% | -1567.6% | -7404.9% | — | — | -7683.2% |
| Net Profit Margin | -10717.7% | -10717.7% | -7946.0% | -1531.7% | -7342.2% | — | — | -7498.1% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| ROE | -93.2% | -93.2% | -263.2% | -131.3% | -83.0% | -56.0% | -86.0% | -67.6% |
| ROA | -58.6% | -58.6% | -135.7% | -118.4% | -79.9% | -53.2% | -80.3% | -66.3% |
| ROIC | -117.2% | -117.2% | — | -159.2% | -204.1% | -2619.8% | -1539.2% | — |
| ROCE | -71.5% | -71.5% | -121.6% | -133.1% | -83.7% | -65.9% | -83.3% | -69.3% |
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 |
|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.18 | 0.18 | 0.03 | 0.09 | 0.02 | — | 0.12 | 0.00 |
| Debt / EBITDA | — | — | — | — | — | — | — | — |
| Net Debt / Equity | — | 0.15 | -2.01 | -0.24 | -0.42 | -0.99 | -0.96 | -0.96 |
| Net Debt / EBITDA | — | — | — | — | — | — | — | — |
| Debt / FCF | — | — | — | — | — | — | — | — |
| Interest Coverage | — | — | -20.43 | — | — | -813.15 | — | — |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Current Ratio | 8.29 | 8.29 | 7.33 | 4.55 | 17.14 | 55.28 | 17.10 | 48.09 |
| Quick Ratio | 7.87 | 7.87 | 7.29 | 4.55 | 17.09 | 55.28 | 17.10 | 48.09 |
| Cash Ratio | 7.23 | 7.23 | 6.77 | 3.92 | 16.29 | 53.86 | 15.92 | 46.40 |
| Asset Turnover | — | 0.00 | 0.01 | 0.11 | 0.01 | — | — | 0.01 |
| Inventory Turnover | 0.07 | 0.07 | 3.57 | — | 2.80 | — | — | — |
| Days Sales Outstanding | — | 2573.97 | 1339.51 | 189.99 | 293.87 | — | — | — |
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 |
|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | 0.0% | 0.0% | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | — | — | — |
| FCF Yield | — | — | — | — | — | — | — | — |
| Buyback Yield | 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% | — | — |
| Shares Outstanding | — | $5M | $1M | $439866 | $349477 | $64478 | $10445 | $10350 |
Imminent liquidity and solvency
As reported in recent financial filings, Cyngn's P/S ratio of 61.58 appears disconnected from its contracting revenue base, suggesting that the market may be pricing the firm as a distressed R&D asset rather than a viable, growth-stage software provider with a clear path to commercial scalability.
The extreme valuation multiples, including a negative P/E, indicate that traditional earnings-based metrics are currently irrelevant for assessing the company's worth. Investors should monitor whether the current valuation is supported by latent intellectual property value or if it remains a speculative premium that is likely to compress further as cash reserves dwindle.
Based on the company's historical income statements, gross margins have exhibited extreme instability, ranging from -149.3% to 74.9%, which suggests that the firm's reliance on bespoke integration labor and hardware procurement continues to severely undermine the potential profitability of its core autonomous software stack.
The persistent negative operating margins, which reached -11731.08% in recent periods, highlight a fundamental disconnect between the company's high fixed-cost base and its ability to generate meaningful commercial revenue. This suggests that the current business model is not yet optimized for software-driven scalability and remains heavily dependent on non-recurring, project-based consulting fees.
According to quarterly data, the cash conversion cycle has reached extreme levels, such as the 6,102-day cycle observed in 2025Q2, which indicates that the company's working capital management is highly inefficient and likely hampered by long, project-based integration cycles that delay the realization of cash inflows.
The exceptionally high days sales outstanding (DSO) figures suggest that the company struggles to collect payments from its limited customer base in a timely manner. This inefficiency warrants further investigation, as it exacerbates the firm's liquidity constraints and limits its ability to reinvest in core R&D activities.
As reported in recent financial statements, cash and equivalents have plummeted to under $1 million, a sharp decline that suggests the company's liquidity position is increasingly vulnerable to any macro-economic shock or delay in securing additional dilutive financing to maintain its ongoing operations as a going concern.
The current ratio, while appearing high due to the composition of current assets, masks the reality that the firm's ability to meet short-term obligations is heavily dependent on its ability to raise capital. Investors should monitor the company's cash burn rate closely, as the current trajectory suggests that the existing liquidity buffer is insufficient for long-term operational sustainability.
The market's reliance on P/S ratios for Cyngn is fundamentally misapplied, as it obscures the company's severe liquidity crisis and the high probability of significant shareholder dilution required to fund its ongoing, loss-making operations in the competitive industrial autonomous vehicle software market.
Instead of revenue-based multiples, analysts should focus on the cash burn rate and the 'time-to-liquidity' metric to better understand the company's survival prospects. Relying on traditional valuation multiples ignores the binary nature of the firm's risk profile, where the primary concern is not growth durability but rather the potential for a total loss of shareholder value.
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Quick answers to the most common questions about buying CYN stock.
Cyngn Inc.'s current P/E ratio is -0.2x. This places it at the 50th percentile of its historical range.
Cyngn Inc.'s return on equity (ROE) is -93.2%. The historical average is -111.5%.
Based on historical data, Cyngn Inc. is trading at a P/E of -0.2x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Cyngn Inc. has 38.0% gross margin and -11731.1% operating margin.