Latest Ratios: P/E Ratio -7.0x · EV/EBITDA N/A · ROE -33.4%. (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 | $35M | $30M | $25M | $27M | $35M | $39M | $34M | $35M | $43M | $102M | $34M |
| Enterprise Value | $30M | $24M | $18M | $16M | $25M | $28M | $21M | $23M | $24M | $83M | $22M |
| P/E Ratio → | -6.98 | — | — | 54.85 | — | — | — | — | 26.32 | 18.52 | 20.90 |
| P/S Ratio | 1.62 | 1.38 | 1.16 | 0.95 | 1.43 | 1.52 | 1.69 | 1.62 | 1.46 | 2.98 | 1.45 |
| P/B Ratio | 2.51 | 2.15 | 1.44 | 1.31 | 1.82 | 1.98 | 1.75 | 1.63 | 1.82 | 4.60 | 2.12 |
| P/FCF | — | — | — | 21.63 | — | 50.05 | — | — | 35.33 | 14.57 | 40.66 |
| P/OCF | — | — | — | 10.99 | — | 27.94 | 54.41 | — | 20.16 | 11.13 | 11.49 |
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 | — | 1.14 | 0.82 | 0.57 | 1.05 | 1.09 | 1.05 | 1.06 | 0.83 | 2.44 | 0.96 |
| EV / EBITDA | — | — | — | 15.06 | — | 71.27 | — | — | 9.00 | 14.15 | 11.05 |
| EV / EBIT | — | — | — | 35.50 | — | — | — | — | 13.94 | 16.45 | 15.71 |
| EV / FCF | — | — | — | 12.90 | — | 35.68 | — | — | 20.11 | 11.91 | 26.82 |
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 | 49.3% | 49.3% | 53.3% | 57.7% | 54.5% | 57.0% | 53.2% | 58.2% | 59.4% | 58.9% | 55.0% |
| Operating Margin | -23.8% | -23.8% | -14.0% | 1.6% | -3.1% | -1.1% | -15.1% | -5.9% | 5.9% | 14.8% | 6.1% |
| Net Profit Margin | -24.4% | -24.4% | -14.2% | 1.7% | -4.6% | -2.1% | -19.5% | -5.5% | 5.5% | 16.0% | 7.1% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -33.4% | -33.4% | -16.3% | 2.5% | -5.7% | -2.8% | -19.3% | -5.3% | 7.1% | 28.6% | 10.8% |
| ROA | -23.2% | -23.2% | -11.8% | 1.8% | -4.0% | -2.0% | -14.7% | -4.0% | 5.3% | 20.5% | 7.8% |
| ROIC | -40.9% | -40.9% | -23.2% | 3.5% | -6.1% | -2.7% | -28.5% | -13.3% | 30.6% | 94.9% | 27.1% |
| ROCE | -29.2% | -29.2% | -14.8% | 2.1% | -3.5% | -1.3% | -14.2% | -5.5% | 7.5% | 25.8% | 9.0% |
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 | 0.21 | 0.21 | 0.16 | 0.08 | 0.12 | 0.14 | 0.06 | 0.09 | — | — | — |
| Debt / EBITDA | — | — | — | 1.49 | — | 7.30 | — | — | — | — | — |
| Net Debt / Equity | — | -0.37 | -0.43 | -0.53 | -0.48 | -0.57 | -0.66 | -0.56 | -0.79 | -0.84 | -0.72 |
| Net Debt / EBITDA | — | — | — | -10.20 | — | -28.71 | — | — | -6.81 | -3.16 | -5.70 |
| Debt / FCF | — | — | — | -8.74 | — | -14.37 | — | — | -15.22 | -2.66 | -13.84 |
| Interest Coverage | — | — | — | — | — | — | — | — | — | — | — |
Net cash position: cash ($8M) exceeds total debt ($3M)
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 | 3.46 | 3.46 | 4.17 | 3.98 | 3.78 | 3.72 | 4.48 | 4.37 | 4.07 | 3.53 | 3.33 |
| Quick Ratio | 2.32 | 2.32 | 2.95 | 3.03 | 2.71 | 2.79 | 3.46 | 3.46 | 3.32 | 2.99 | 2.68 |
| Cash Ratio | 1.59 | 1.59 | 2.04 | 1.99 | 1.82 | 2.09 | 2.73 | 2.54 | 2.68 | 2.41 | 1.85 |
| Asset Turnover | — | 1.07 | 0.87 | 1.02 | 0.89 | 0.89 | 0.79 | 0.76 | 0.95 | 1.12 | 1.03 |
| Inventory Turnover | 1.91 | 1.91 | 1.64 | 2.02 | 1.63 | 1.75 | 1.80 | 1.80 | 2.29 | 3.36 | 2.60 |
| Days Sales Outstanding | — | 48.23 | 66.40 | 74.23 | 75.24 | 56.44 | 44.78 | 69.37 | 47.10 | 40.40 | 73.66 |
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 | — | — | — | 1.8% | — | — | — | — | 3.8% | 5.4% | 4.8% |
| FCF Yield | — | — | — | 4.6% | — | 2.0% | — | — | 2.8% | 6.9% | 2.5% |
| Buyback Yield | 0.3% | 0.4% | 0.9% | 1.3% | 0.5% | 1.1% | 0.4% | 4.8% | 2.3% | 0.9% | 1.0% |
| Total Shareholder Yield | 0.3% | 0.4% | 0.9% | 1.3% | 0.5% | 1.1% | 0.4% | 4.8% | 2.3% | 0.9% | 1.0% |
| Shares Outstanding | — | $9M | $9M | $9M | $9M | $9M | $8M | $8M | $9M | $8M | $8M |
Rapid Cash Runway Depletion
Based on reported figures, Data I/O trades at a P/S ratio of 1.64, which appears to reflect a market pricing the firm as a distressed turnaround play rather than a growth-oriented semiconductor equipment provider, given the absence of positive earnings or a meaningful forward P/E multiple.
The lack of a positive P/E ratio and the absence of forward-looking valuation multiples suggest that investors are currently unable to anchor the stock price to fundamental earnings power. This valuation profile implies that the market is heavily discounting the company's long-term potential, likely due to the persistent operating losses and the uncertainty surrounding the successful adoption of the SentriX security platform.
According to recent financial statements, DAIO's ROIC has deteriorated sharply to -30.7% in 2026Q1, signaling a significant decay in the company's ability to generate returns on invested capital as the business struggles to scale its specialized programming hardware and security service offerings effectively.
The consistent decline in ROIC from positive territory in 2023Q4 to deep negative levels suggests that the capital deployed into R&D and operational infrastructure is failing to produce commensurate economic value. This trend warrants further investigation into whether the company's core business model is structurally impaired or if the current investment phase is simply failing to gain the necessary market traction.
As reported in quarterly filings, DAIO's cash conversion cycle has expanded to 330 days in 2026Q1, driven by an elevated days inventory outstanding of 325, which indicates significant inefficiencies in managing working capital and a potential buildup of obsolete hardware or socket adapter inventory.
The dramatic increase in the cash conversion cycle suggests that the company is struggling to convert its inventory into cash, which is particularly concerning given the rapid pace of semiconductor innovation. Investors should monitor whether this inventory bloat represents a strategic buffer for supply chain volatility or a structural failure to align production with actual customer demand.
Based on the latest balance sheet data, DAIO's quick ratio has declined to 1.55 in 2026Q1, reflecting a narrowing liquidity buffer that leaves the firm increasingly vulnerable to its ongoing negative operating cash flow requirements and the potential for further capital depletion in the coming quarters.
While the current ratio remains above 2.0, the reliance on inventory to support this liquidity position is problematic given the high risk of obsolescence in the semiconductor equipment industry. The rapid consumption of cash reserves suggests that the company may face a liquidity crunch if it cannot achieve a breakeven operating state in the near term.
The market's reliance on the P/S ratio to value Data I/O is fundamentally flawed, as it obscures the company's high fixed-cost structure and the lumpy, project-based nature of its hardware sales, which do not reliably translate into long-term, high-margin recurring cash flows for the firm.
Investors should instead focus on the 'Socket Adapter Attach Rate' and 'SentriX Provisioning Volume' as more accurate proxies for the company's true earning power. Relying on top-line revenue multiples ignores the reality that a significant portion of current sales may be low-margin hardware that fails to cover the company's substantial R&D and engineering overhead.
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying DAIO stock.
Data I/O Corporation's current P/E ratio is -7.0x. The historical average is 29.2x.
Data I/O Corporation's return on equity (ROE) is -33.4%. The historical average is -3.6%.
Based on historical data, Data I/O Corporation is trading at a P/E of -7.0x. Compare with industry peers and growth rates for a complete picture.
Data I/O Corporation has 49.3% gross margin and -23.8% operating margin.