Latest Ratios: P/E Ratio -12.3x · EV/EBITDA 63.5x · ROE -12.9%. (2005–2025 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 | $160M | $69M | $80M | $115M | $246M | $289M | $107M | $155M | $75M | $92M | $302M |
| Enterprise Value | $203M | $113M | $119M | $158M | $282M | $320M | $134M | $180M | $86M | $121M | $364M |
| P/E Ratio → | -12.33 | — | 316.07 | 32.99 | 58.97 | — | — | 12.54 | 10.86 | 5.76 | — |
| P/S Ratio | 1.25 | 0.54 | 0.56 | 0.76 | 1.64 | 2.41 | 0.96 | 1.33 | 0.47 | 0.44 | 1.33 |
| P/B Ratio | 1.75 | 0.73 | 0.70 | 1.07 | 2.32 | 2.48 | 0.84 | 0.96 | 0.52 | 0.69 | 2.91 |
| P/FCF | 11.59 | 5.03 | 11.22 | 105.44 | 13.63 | 20.25 | 41.56 | 17.79 | 15.50 | 4.33 | 9.19 |
| P/OCF | 7.57 | 3.29 | 3.79 | 5.40 | 6.83 | 10.12 | 5.74 | 6.78 | 5.05 | 2.66 | 6.77 |
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 | — | 0.88 | 0.84 | 1.04 | 1.88 | 2.67 | 1.20 | 1.53 | 0.53 | 0.58 | 1.60 |
| EV / EBITDA | 63.51 | 35.29 | 4.89 | 6.79 | 12.22 | 20.80 | — | 9.05 | 4.02 | 3.48 | 18.16 |
| EV / EBIT | — | — | 19.31 | 22.18 | 54.41 | — | — | 17.75 | 5.09 | 6.65 | 11.94 |
| EV / FCF | — | 8.20 | 16.69 | 144.18 | 15.60 | 22.40 | 51.83 | 20.58 | 17.72 | 5.71 | 11.06 |
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 | 84.7% | 84.7% | 85.7% | 87.0% | 88.2% | 87.4% | 87.1% | 88.5% | 88.6% | 85.6% | 85.8% |
| Operating Margin | -8.9% | -8.9% | 4.5% | 4.1% | 3.7% | -1.5% | -29.1% | 8.6% | 7.2% | 11.0% | 1.5% |
| Net Profit Margin | -10.6% | -10.6% | 0.2% | 2.3% | 2.8% | -24.8% | -27.0% | 10.7% | 4.4% | 7.7% | -2.4% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -12.9% | -12.9% | 0.2% | 3.3% | 3.8% | -24.4% | -20.8% | 8.2% | 5.2% | 13.5% | -4.5% |
| ROA | -6.6% | -6.6% | 0.1% | 1.5% | 1.9% | -12.9% | -11.6% | 4.7% | 2.6% | 5.3% | -1.6% |
| ROIC | -5.9% | -5.9% | 3.1% | 3.2% | 2.9% | -0.9% | -14.3% | 4.4% | 5.5% | 10.5% | 1.4% |
| ROCE | -7.8% | -7.8% | 4.0% | 4.1% | 3.6% | -1.1% | -17.1% | 5.3% | 6.4% | 11.7% | 1.5% |
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 | 0.49 | 0.49 | 0.37 | 0.43 | 0.36 | 0.28 | 0.24 | 0.18 | 0.12 | 0.31 | 0.82 |
| Debt / EBITDA | 14.53 | 14.53 | 1.75 | 2.01 | 1.67 | 2.09 | — | 1.50 | 0.81 | 1.19 | 4.23 |
| Net Debt / Equity | — | 0.46 | 0.34 | 0.39 | 0.33 | 0.26 | 0.21 | 0.15 | 0.07 | 0.22 | 0.59 |
| Net Debt / EBITDA | 13.63 | 13.63 | 1.60 | 1.82 | 1.54 | 1.99 | — | 1.23 | 0.50 | 0.85 | 3.08 |
| Debt / FCF | — | 3.17 | 5.47 | 38.74 | 1.97 | 2.14 | 10.27 | 2.79 | 2.22 | 1.39 | 1.88 |
| Interest Coverage | -4.97 | -4.97 | 1.92 | 2.04 | 3.28 | -0.55 | -41.39 | 14.41 | 8.25 | 5.29 | 8.75 |
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 | 0.44 | 0.44 | 0.47 | 0.45 | 0.38 | 0.39 | 0.51 | 0.45 | 0.48 | 0.55 | 0.65 |
| Quick Ratio | 0.44 | 0.44 | 0.47 | 0.45 | 0.38 | 0.39 | 0.51 | 0.45 | 0.48 | 0.55 | 0.65 |
| Cash Ratio | 0.05 | 0.05 | 0.06 | 0.06 | 0.04 | 0.02 | 0.07 | 0.07 | 0.08 | 0.11 | 0.21 |
| Asset Turnover | — | 0.68 | 0.64 | 0.67 | 0.66 | 0.54 | 0.46 | 0.42 | 0.63 | 0.70 | 0.73 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | 51.71 | 57.50 | 53.94 | 49.98 | 57.04 | 54.72 | 73.18 | 56.60 | 73.70 | 70.56 |
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 | — | — | 0.3% | 3.0% | 1.7% | — | — | 8.0% | 9.2% | 17.4% | — |
| FCF Yield | 8.6% | 19.9% | 8.9% | 0.9% | 7.3% | 4.9% | 2.4% | 5.6% | 6.5% | 23.1% | 10.9% |
| Buyback Yield | 7.1% | 16.3% | 2.3% | 11.4% | 9.6% | 6.4% | 9.8% | 2.8% | 3.5% | 1.3% | 10.7% |
| Total Shareholder Yield | 7.1% | 16.3% | 2.3% | 11.4% | 9.6% | 6.4% | 9.8% | 2.8% | 3.5% | 1.3% | 10.7% |
| Shares Outstanding | — | $45M | $45M | $44M | $47M | $46M | $48M | $52M | $50M | $48M | $48M |
Liquidity and Scale Constraints
According to current market data, DHX trades at a forward P/E of 20.56, which appears to bake in a recovery that remains unsupported by the company's recent 9.93% revenue contraction and persistent inability to maintain consistent positive net income across recent reporting periods.
The valuation gap between the negative TTM P/E and the forward-looking multiple suggests that investors are pricing in a significant turnaround in operational efficiency. However, given the lack of clear growth catalysts in the Dice segment, this multiple may be overly optimistic compared to peers like Huron Consulting, which trade at lower multiples despite more stable profitability profiles.
Based on reported financial statements, DHX has struggled to generate meaningful returns on invested capital, with ROIC fluctuating between -4.5% and 1.8% over the last ten quarters, indicating a failure to effectively compound capital within its specialized recruitment platform business model.
The volatility in ROIC suggests that the company's capital allocation strategy is not currently driving sustainable value creation. Investors should monitor whether the recent focus on the ClearanceJobs segment can eventually lift these returns above the company's cost of capital, as current levels remain well below industry benchmarks.
As reported in quarterly filings, the company's asset turnover has remained stagnant at approximately 0.16, highlighting a structural inability to generate higher revenue volume from its existing asset base despite the high-margin nature of its digital recruitment platforms.
The lack of improvement in asset turnover suggests that the company's platform infrastructure is not scaling efficiently with demand. This inefficiency, combined with DSO levels consistently above 50 days, indicates that the company may lack the necessary leverage over its customer base to accelerate cash collection cycles.
Based on the latest balance sheet data, DHX maintains a current ratio of 0.44, which has remained consistently below unity for ten quarters, signaling a persistent inability to cover short-term obligations with existing liquid assets without relying on ongoing operational cash flow.
This liquidity profile warrants close monitoring, as the company's cash balance of $2.9 million provides a very thin margin of safety. The reliance on deferred revenue as a primary liquidity buffer suggests that any further decline in new subscription bookings could rapidly exacerbate the company's financial stress.
Investors frequently misapply the Price-to-Sales ratio to DHX, failing to account for the fact that the company's high gross margins are offset by heavy operating expenses, which renders revenue-based valuation metrics misleading regarding the firm's true underlying earning power and cash generation potential.
Because the business model is heavily dependent on high customer acquisition costs and platform maintenance, a P/S multiple obscures the lack of operating leverage. Analysts should instead focus on EV/EBITDA or FCF-based metrics to better understand the company's ability to convert its high-margin revenue into actual shareholder value.
Includes 30+ ratios · 21 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 DHX stock.
DHI Group, Inc.'s current P/E ratio is -12.3x. The historical average is 25.1x.
DHI Group, Inc.'s current EV/EBITDA is 63.5x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 11.4x.
DHI Group, Inc.'s return on equity (ROE) is -12.9%. The historical average is 3.6%.
Based on historical data, DHI Group, Inc. is trading at a P/E of -12.3x. Compare with industry peers and growth rates for a complete picture.
DHI Group, Inc. has 84.7% gross margin and -8.9% operating margin.
DHI Group, Inc.'s Debt/EBITDA ratio is 14.5x, indicating high leverage. A ratio above 4x may signal elevated financial risk.