Latest Ratios: P/E Ratio 41.1x · EV/EBITDA 5.7x · ROE 33.2%. (2008–2025 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 | $15M | $23M | $694980 | $4M | $9M | $50M | $92M | $21M | $24M | $33M | $33M |
| Enterprise Value | $12M | $20M | $664818 | $3M | $14M | $42M | $93M | $20M | $26M | $33M | $34M |
| P/E Ratio → | 41.06 | 33.37 | — | — | — | — | — | — | — | — | — |
| P/S Ratio | 2.37 | 3.67 | 1.09 | 0.15 | 0.17 | 0.90 | 1.91 | 0.57 | 0.74 | 1.12 | 1.83 |
| P/B Ratio | 4.24 | 3.45 | — | 33.00 | 0.54 | 1.63 | 11.76 | 3.49 | 6.18 | 10.35 | 7.85 |
| P/FCF | 4.25 | 6.59 | — | 0.86 | — | — | — | — | — | 26.58 | — |
| P/OCF | 4.03 | 6.25 | — | 0.79 | — | — | — | — | — | 24.59 | — |
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 | — | 3.18 | 1.04 | 0.12 | 0.28 | 0.77 | 1.95 | 0.54 | 0.79 | 1.11 | 1.90 |
| EV / EBITDA | 5.69 | 9.64 | — | — | — | — | — | — | 64.18 | — | — |
| EV / EBIT | 7.49 | 12.69 | — | — | — | — | — | — | 854.03 | — | — |
| EV / FCF | — | 5.70 | — | 0.70 | — | — | — | — | — | 26.47 | — |
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 | 86.4% | 86.4% | 32.4% | 1.8% | 23.6% | 31.6% | 28.4% | 29.0% | 36.0% | 34.8% | 30.1% |
| Operating Margin | 25.0% | 25.0% | -661.9% | -65.9% | -29.7% | -6.0% | -10.0% | -8.6% | 0.2% | -4.1% | -16.2% |
| Net Profit Margin | 17.3% | 17.3% | -660.2% | -67.5% | -30.7% | -4.0% | -8.0% | -8.7% | -0.2% | -4.6% | -16.4% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 33.2% | 33.2% | — | -214.3% | -66.4% | -11.5% | -55.5% | -65.6% | -2.1% | -37.3% | -63.0% |
| ROA | 19.4% | 19.4% | -66.7% | -81.4% | -36.5% | -5.2% | -17.7% | -25.1% | -0.7% | -15.3% | -36.9% |
| ROIC | 68.9% | 68.9% | — | -121.9% | -50.1% | -15.1% | -49.4% | -46.1% | 0.9% | -21.8% | -50.3% |
| ROCE | 48.0% | 48.0% | — | -199.4% | -62.5% | -17.1% | -69.2% | -64.5% | 1.5% | -33.1% | -61.9% |
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 | 0.00 | 0.00 | — | 0.19 | 0.36 | 0.18 | 0.34 | 0.02 | 0.45 | 0.03 | 0.31 |
| Debt / EBITDA | 0.01 | 0.01 | — | — | — | — | — | — | 4.37 | — | — |
| Net Debt / Equity | — | -0.46 | — | -5.93 | 0.33 | -0.24 | 0.24 | -0.18 | 0.42 | -0.04 | 0.27 |
| Net Debt / EBITDA | -1.50 | -1.50 | — | — | — | — | — | — | 4.06 | — | — |
| Debt / FCF | — | -0.89 | — | -0.15 | — | — | — | — | — | -0.11 | — |
| Interest Coverage | 173.18 | 173.18 | — | -44.58 | -38.12 | -6.90 | -77.92 | -66.16 | 0.38 | -12.69 | -52.74 |
Net cash position: cash ($3M) exceeds total debt ($30350)
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 | 1.58 | 1.58 | 0.38 | 0.93 | 2.14 | 2.25 | 1.27 | 1.69 | 1.41 | 1.47 | 1.70 |
| Quick Ratio | 1.58 | 1.58 | 0.38 | 0.12 | 0.30 | 0.80 | 0.51 | 0.73 | 0.46 | 0.54 | 0.69 |
| Cash Ratio | 0.74 | 0.74 | 0.07 | 0.06 | 0.04 | 0.54 | 0.04 | 0.16 | 0.02 | 0.04 | 0.04 |
| Asset Turnover | — | 0.58 | 2.08 | 2.11 | 1.64 | 1.02 | 1.62 | 2.71 | 2.65 | 3.35 | 1.98 |
| Inventory Turnover | — | — | — | 2.58 | 1.52 | 1.12 | 2.08 | 3.59 | 2.61 | 3.69 | 2.53 |
| Days Sales Outstanding | — | 124.39 | — | 9.81 | 19.89 | 32.14 | 70.00 | 39.50 | 31.17 | 27.66 | 51.13 |
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 | 2.4% | 3.0% | — | — | — | — | — | — | — | — | — |
| FCF Yield | 23.5% | 15.2% | — | 116.8% | — | — | — | — | — | 3.8% | — |
| 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 | — | $7M | $3M | $2M | $2M | $2M | $1M | $722042 | $638271 | $596692 | $556318 |
Insufficient Liquidity Runway
According to recent financial statements, FIEE's gross margin reached 70.4% in 2026Q1, yet this follows extreme historical fluctuations, suggesting that the company's earning power remains highly sensitive to the unpredictable mix of legacy hardware sales and nascent software-as-a-service revenue streams within its current operating model.
The wide variance in operating margins, which swung from negative levels to 20.1% in the most recent quarter, indicates that the firm has not yet achieved the scale necessary to absorb its fixed R&D and cloud infrastructure costs. Investors should interpret these high gross margins with caution, as they may be inflated by non-recurring royalty income rather than sustainable, recurring software subscriptions.
Based on reported figures, FIEE's asset turnover remains exceptionally low at 0.19, which, when combined with a DSO of 75 days, suggests that the company struggles to efficiently convert its capital base into revenue compared to more established peers in the communication equipment sector.
The inability to maintain a consistent cash conversion cycle highlights potential friction in the transition from hardware-centric sales to a software-licensing model. This inefficiency appears to be a structural drag on returns, as the company continues to carry significant overhead relative to its current revenue generation capacity.
As reported in recent filings, FIEE maintains a current ratio of 2.12, yet this figure is potentially misleading given the company's history of negative free cash flow and the lack of a robust cash reserve to support its ongoing operational pivot in a high-rate environment.
The company's liquidity position appears vulnerable to even minor disruptions in revenue timing or unexpected increases in hardware-related costs. Without a clear path to consistent positive cash flow, the firm may face significant pressure to seek dilutive financing to maintain its current software development trajectory.
The market's reliance on traditional P/S or EV/EBITDA multiples for FIEE is likely misapplied, as these metrics fail to account for the company's ongoing transition from a hardware manufacturer to a software-licensing entity, thereby obscuring the true value of its proprietary MinimOS intellectual property.
Investors should instead focus on metrics like subscriber ARPU and ISP partner growth, which better reflect the underlying health of the software-as-a-service business model. Applying standard communication equipment valuation benchmarks to FIEE risks ignoring the potential for margin expansion that a successful software-only pivot would theoretically provide.
Includes 30+ ratios · 18 years · Updated daily
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Quick answers to the most common questions about buying FIEE stock.
FiEE, Inc.'s current P/E ratio is 41.1x. The historical average is 16.2x. This places it at the 100th percentile of its historical range.
FiEE, Inc.'s current EV/EBITDA is 5.7x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 36.9x.
FiEE, Inc.'s return on equity (ROE) is 33.2%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is -42.7%.
Based on historical data, FiEE, Inc. is trading at a P/E of 41.1x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
FiEE, Inc. has 86.4% gross margin and 25.0% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
FiEE, Inc.'s Debt/EBITDA ratio is 0.0x, indicating low leverage. A ratio below 2x is generally considered financially healthy.