Latest Ratios: P/E Ratio 26.3x · EV/EBITDA 46.5x · ROE 49.9%. (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 | $636M | $179M | $91M | $61M | $75M | $99M | $91M | $107M | $78M | $92M | $91M |
| Enterprise Value | $641M | $183M | $78M | $57M | $73M | $99M | $104M | $104M | $70M | $90M | $91M |
| P/E Ratio → | 26.29 | 7.56 | 16.27 | — | — | 144.94 | — | — | — | — | 92.09 |
| P/S Ratio | 9.12 | 2.56 | 1.64 | 1.50 | 1.56 | 1.83 | 2.19 | 2.17 | 1.98 | 1.83 | 1.50 |
| P/B Ratio | 11.17 | 3.21 | 2.27 | 1.86 | 1.61 | 1.79 | 1.68 | 1.70 | 1.23 | 1.03 | 0.97 |
| P/FCF | — | — | 12.55 | 237.61 | 34.53 | 9.10 | — | — | 25.00 | — | — |
| P/OCF | — | — | 10.40 | 51.97 | 18.62 | 8.17 | — | — | 17.18 | 23.73 | 30.97 |
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 | — | 2.62 | 1.42 | 1.39 | 1.50 | 1.82 | 2.50 | 2.10 | 1.78 | 1.79 | 1.50 |
| EV / EBITDA | 46.46 | 13.25 | 10.98 | — | — | 47.81 | — | — | — | — | 23.87 |
| EV / EBIT | 54.60 | 14.92 | 14.07 | — | — | 163.50 | — | — | — | — | 36.76 |
| EV / FCF | — | — | 10.87 | 220.44 | 33.40 | 9.03 | — | — | 22.48 | — | — |
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 | 43.1% | 43.1% | 33.6% | 19.2% | 17.8% | 31.2% | 13.9% | 31.9% | 13.1% | 22.3% | 33.8% |
| Operating Margin | 16.8% | 16.8% | 9.1% | -11.5% | -16.6% | -1.8% | -26.2% | -5.7% | -31.5% | -14.9% | 2.2% |
| Net Profit Margin | 34.1% | 34.1% | 10.1% | -13.5% | -17.9% | 1.3% | -24.1% | -5.1% | -60.3% | -9.6% | 1.7% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 49.9% | 49.9% | 15.4% | -13.8% | -17.0% | 1.2% | -17.0% | -4.0% | -31.2% | -5.3% | 1.1% |
| ROA | 24.8% | 24.8% | 5.9% | -6.3% | -9.5% | 0.7% | -11.2% | -3.0% | -24.2% | -4.1% | 0.8% |
| ROIC | 20.1% | 20.1% | 13.4% | -9.6% | -12.2% | -1.2% | -12.9% | -3.7% | -13.0% | -6.2% | 1.1% |
| ROCE | 17.0% | 17.0% | 7.7% | -7.4% | -11.4% | -1.2% | -13.7% | -3.5% | -13.5% | -6.9% | 1.2% |
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 | 0.16 | 0.16 | 0.16 | 0.23 | 0.19 | 0.16 | 0.30 | — | — | — | 0.06 |
| Debt / EBITDA | 0.64 | 0.64 | 0.87 | — | — | 4.40 | — | — | — | — | 1.58 |
| Net Debt / Equity | — | 0.07 | -0.30 | -0.13 | -0.05 | -0.01 | 0.23 | -0.06 | -0.12 | -0.02 | 0.00 |
| Net Debt / EBITDA | 0.29 | 0.29 | -1.70 | — | — | -0.36 | — | — | — | — | 0.05 |
| Debt / FCF | — | — | -1.68 | -17.17 | -1.13 | -0.07 | — | — | -2.53 | — | — |
| Interest Coverage | 117.77 | 117.77 | 51.13 | -33.79 | -111.49 | 4.75 | -108.98 | -29.80 | -141.72 | -45.93 | 18.84 |
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 | 2.26 | 2.26 | 1.89 | 1.77 | 2.56 | 2.97 | 3.94 | 9.03 | 9.91 | 8.61 | 8.33 |
| Quick Ratio | 1.26 | 1.26 | 1.13 | 1.02 | 1.65 | 2.02 | 2.17 | 5.03 | 4.92 | 5.03 | 4.33 |
| Cash Ratio | 0.20 | 0.20 | 0.59 | 0.44 | 0.98 | 0.98 | 1.11 | 2.04 | 2.67 | 1.23 | 1.64 |
| Asset Turnover | — | 0.74 | 0.56 | 0.45 | 0.57 | 0.55 | 0.45 | 0.57 | 0.47 | 0.44 | 0.49 |
| Inventory Turnover | 1.69 | 1.69 | 1.57 | 1.60 | 1.99 | 1.90 | 1.55 | 1.44 | 1.31 | 1.35 | 0.97 |
| Days Sales Outstanding | — | 124.58 | 99.96 | 130.96 | 99.37 | 134.38 | 99.76 | 96.08 | 86.71 | 137.37 | 118.11 |
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 | 1.5% | 5.4% | — | 15.3% | — | — | — | — | — | — | — |
| Payout Ratio | 40.2% | 40.2% | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 3.8% | 13.2% | 6.1% | — | — | 0.7% | — | — | — | — | 1.1% |
| FCF Yield | — | — | 8.0% | 0.4% | 2.9% | 11.0% | — | — | 4.0% | — | — |
| Buyback Yield | 0.1% | 0.2% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 1.6% | 5.6% | 0.0% | 15.3% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Shares Outstanding | — | $10M | $9M | $9M | $9M | $9M | $9M | $9M | $9M | $9M | $9M |
Liquidity and project execution
Based on current market data, FEIM trades at an EV/EBITDA of 44.92x, a valuation that appears disconnected from its historical earnings volatility and suggests investors are pricing in significant future growth that has yet to materialize in consistent, cash-generative operational performance across its aerospace segments.
The forward P/E of 90.61x implies an aggressive growth expectation that contrasts sharply with the company's inconsistent margin profile. Investors should monitor whether this premium is supported by genuine backlog conversion or if it reflects a speculative mispricing of the firm's niche space-qualified hardware market position.
As reported in financial statements, FEIM's ROIC has struggled to maintain momentum, fluctuating between a low of -1.1% and a peak of 7.2% over the last ten quarters, indicating that the company is failing to consistently compound capital at rates exceeding its cost of capital.
The inability to sustain high returns on invested capital suggests that the firm's specialized engineering projects are not yielding the expected economic moat benefits. This decay in capital efficiency warrants further investigation into whether the high fixed-cost base is effectively absorbing the capital deployed into new product development.
According to recent SEC filings, FEIM's cash conversion cycle remains extended, peaking at 393 days in 2026Q1, which highlights a structural inefficiency in managing inventory and receivables relative to the long-cycle nature of its government-backed defense contracts and specialized manufacturing throughput requirements.
The high DSO and DIO figures suggest that the company is effectively acting as a financier for its prime contractor customers, tying up critical liquidity in unbilled receivables. This inefficiency appears to be a primary driver of the company's deteriorating cash position and reliance on external working capital management.
Based on the provided quarterly balance sheet data, FEIM's liquidity position has become increasingly precarious, with the quick ratio declining to 1.32x as of 2026Q3, leaving the firm with minimal room to maneuver should project milestones face further delays or unexpected cost overruns.
The rapid depletion of cash reserves suggests that the company's current operating model is not self-sustaining under the current project-based revenue recognition schedule. Investors should monitor the firm's ability to maintain operations without resorting to dilutive financing, given the lack of a robust cash cushion.
The P/E ratio is frequently misapplied to FEIM, as it fails to account for the significant non-operating income distortions that have historically inflated net margins, such as the 81.4% net margin spike observed in 2025Q3, which masks the underlying weakness in core operating profitability.
Analysts should instead focus on EV/Sales or adjusted operating cash flow to better gauge the company's true earning power. Relying on P/E in this context risks overestimating the firm's profitability by including one-time tax benefits or non-recurring gains that do not reflect the recurring nature of the business.
Includes 30+ ratios · 30 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 FEIM stock.
Frequency Electronics, Inc.'s current P/E ratio is 26.3x. The historical average is 37.6x. This places it at the 63th percentile of its historical range.
Frequency Electronics, Inc.'s current EV/EBITDA is 46.5x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 22.0x.
Frequency Electronics, Inc.'s return on equity (ROE) is 49.9%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 1.1%.
Based on historical data, Frequency Electronics, Inc. is trading at a P/E of 26.3x. This is at the 63th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Frequency Electronics, Inc.'s current dividend yield is 1.54% with a payout ratio of 40.2%.
Frequency Electronics, Inc. has 43.1% gross margin and 16.8% operating margin. Operating margin between 10-20% is typical for established companies.
Frequency Electronics, Inc.'s Debt/EBITDA ratio is 0.6x, indicating low leverage. A ratio below 2x is generally considered financially healthy.