Latest Ratios: P/E Ratio -1.4x · EV/EBITDA N/A · ROE -23.0%. (2011–2026 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $6M | $12M | $1M | $3M | — | — | — | — | — | — | — |
| Enterprise Value | $2M | $6M | $-3460806 | $3M | — | — | — | — | — | — | — |
| P/E Ratio → | -1.39 | — | — | — | — | — | — | — | — | — | — |
| P/S Ratio | — | — | — | — | — | — | — | — | — | — | — |
| P/B Ratio | 0.27 | 0.35 | 0.04 | 0.21 | — | — | — | — | — | — | — |
| 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 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | — | — | — | — | — | — | — | — | — | — |
| 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 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | — | — | — | — | — | — | — | — | — | — | — |
| Operating Margin | — | — | — | — | — | — | — | — | — | — | — |
| Net Profit Margin | — | — | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -23.0% | -23.0% | -19.2% | -37.9% | 11.2% | -66.5% | -48.3% | -42.0% | -44.2% | -274.7% | -224.7% |
| ROA | -20.6% | -20.6% | -16.3% | -29.9% | 9.0% | -56.8% | -41.4% | -36.7% | -39.1% | -234.6% | -133.3% |
| ROIC | -27.1% | -27.1% | -26.2% | -20.2% | -27.9% | -48.3% | -33.3% | -19.0% | -44.8% | -367.3% | -220.9% |
| ROCE | -29.5% | -29.5% | -30.2% | -27.2% | -38.3% | -61.8% | -43.2% | -25.1% | -44.0% | -274.3% | -218.8% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | — | — | 0.02 | 0.09 | 0.12 | 0.02 | 0.03 | 0.04 | 0.00 | 0.02 | 0.01 |
| Debt / EBITDA | — | — | — | — | — | — | — | — | — | — | — |
| Net Debt / Equity | — | -0.18 | -0.18 | 0.01 | 0.07 | -0.01 | -0.03 | 0.04 | -0.02 | -0.47 | -0.26 |
| Net Debt / EBITDA | — | — | — | — | — | — | — | — | — | — | — |
| Debt / FCF | — | — | — | — | — | — | — | — | — | — | — |
| Interest Coverage | -591.98 | -591.98 | -36.13 | -34.33 | 10.20 | -28.40 | -12.92 | -20.20 | -35.85 | — | — |
Net cash position: cash ($6M) exceeds total debt ($0)
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.85 | 1.85 | 1.73 | 0.54 | 0.27 | 0.39 | 0.64 | 0.14 | 0.37 | 3.78 | 0.98 |
| Quick Ratio | 1.85 | 1.85 | 1.73 | 0.54 | 0.27 | 0.39 | 0.64 | 0.14 | 0.37 | 3.78 | 0.98 |
| Cash Ratio | 1.65 | 1.65 | 1.62 | 0.37 | 0.21 | 0.27 | 0.55 | 0.06 | 0.20 | 3.46 | 0.79 |
| Asset Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
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 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | — | — | — | — | — | — |
| FCF Yield | — | — | — | — | — | — | — | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | — | — | — | — | — | — | — |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.0% | — | — | — | — | — | — | — |
| Shares Outstanding | — | $13M | $8M | $5M | $4M | $3M | $3M | $2M | $2M | $2M | $964427 |
Capital Dilution and Burn
Based on reported figures, FMSTW trades at a P/B of 0.21, which suggests the market heavily discounts the carrying value of its exploration assets compared to peers like Lithium Americas, reflecting deep skepticism regarding the economic viability of its current Manitoba-based spodumene projects.
The absence of a P/E or EV/EBITDA multiple underscores that the company is currently valued as a pure exploration option rather than an operating business. Investors should monitor whether this valuation gap narrows as the company moves toward a formal mineral resource estimate, or if it continues to reflect a structural lack of confidence in the project's scale.
As reported in financial statements, FMSTW's ROIC has consistently remained in negative territory, reaching -5.3% in 2026Q3, which highlights the company's inability to generate productive returns on the capital deployed into its exploration and evaluation activities.
The persistent decay in ROIC is a direct consequence of high capital expenditures on drilling programs that have yet to yield a commercial resource. This trend suggests that until the company can prove the economic feasibility of its assets, capital efficiency will remain secondary to the primary objective of resource definition.
According to recent quarterly filings, the company's current ratio fluctuated to 3.23 in 2026Q3, yet this metric appears misleading as it includes non-liquid exploration assets, masking the underlying pressure on cash reserves required to fund ongoing winter drilling programs.
The volatility in the current ratio, which dropped as low as 0.14 in 2025Q2, indicates a precarious liquidity position that leaves little room for operational error. Investors should interpret these figures as a sign that the company remains highly susceptible to liquidity shocks if equity markets tighten.
The most commonly misapplied metric for FMSTW is the Price-to-Book ratio, which obscures the reality that the company's book value is primarily composed of capitalized exploration costs rather than tangible, revenue-generating assets that could be liquidated in a stress scenario.
Using P/B to gauge value in this context is fundamentally flawed because it treats exploration spending as an asset rather than a sunk cost. Analysts should instead focus on the 'Cash Burn to Market Cap' ratio to better understand the true runway and the potential for future equity dilution.
Includes 30+ ratios · 16 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 FMSTW stock.
Foremost Clean Energy Ltd.'s current P/E ratio is -1.4x. This places it at the 50th percentile of its historical range.
Foremost Clean Energy Ltd.'s return on equity (ROE) is -23.0%. The historical average is -94.4%.
Based on historical data, Foremost Clean Energy Ltd. is trading at a P/E of -1.4x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.