Latest Ratios: P/E Ratio -69.0x · EV/EBITDA N/A · ROE -1.0%. (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 | $4M | $4M | $6M | $5M | $6M | $12M | $10M | $6M | $7M | $6M | $8M |
| Enterprise Value | $3M | $3M | $6M | $5M | $5M | $12M | $10M | $7M | $7M | $6M | $9M |
| P/E Ratio → | -69.00 | — | — | — | 10.90 | — | — | — | — | — | 216.00 |
| P/S Ratio | 22.85 | 24.83 | 40.77 | 33.76 | 26.39 | 120.93 | 98.48 | 64.41 | 10.53 | 8.03 | 11.01 |
| P/B Ratio | 0.79 | 0.86 | 1.31 | 1.13 | 1.22 | 2.78 | 2.30 | 2.62 | 1.51 | 9.99 | 2.26 |
| P/FCF | 177.05 | 192.45 | — | 466.55 | 30.40 | 99.30 | — | — | — | 33.10 | — |
| P/OCF | 177.05 | 192.45 | — | 233.27 | 30.40 | 99.30 | — | — | — | 31.46 | — |
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 | — | 22.36 | 38.29 | 30.82 | 24.33 | 118.44 | 99.93 | 66.44 | 10.39 | 7.91 | 11.37 |
| EV / EBITDA | — | — | — | — | — | — | — | — | — | — | — |
| EV / EBIT | — | — | — | — | 28.50 | 159.50 | — | 86.82 | — | — | 105.98 |
| EV / FCF | — | 173.30 | — | 425.91 | 28.03 | 97.25 | — | — | — | 32.61 | — |
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 | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 37.8% | -23.8% | -29.8% | -54.6% |
| Operating Margin | -171.0% | -171.0% | -162.3% | -159.9% | -76.4% | -332.7% | -363.4% | -388.8% | -75.5% | -413.4% | -100.7% |
| Net Profit Margin | -29.7% | -29.7% | -12.3% | -13.8% | 85.4% | 69.3% | 1897.0% | -2400.0% | -71.0% | -410.4% | 6.3% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -1.0% | -1.0% | -0.4% | -0.5% | 4.0% | 1.6% | 56.9% | -65.6% | -17.9% | -149.1% | 1.3% |
| ROA | -1.0% | -1.0% | -0.4% | -0.5% | 4.0% | 1.5% | 36.8% | -34.4% | -8.0% | -57.0% | 0.6% |
| ROIC | -4.8% | -4.8% | -4.3% | -4.4% | -2.9% | -5.9% | -7.8% | -7.9% | -14.9% | -108.1% | -12.5% |
| ROCE | -5.9% | -5.9% | -5.2% | -5.3% | -3.6% | -7.6% | -7.4% | -5.8% | -9.1% | -62.7% | -10.7% |
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 | — | — | — | — | — | — | 0.04 | 0.09 | 0.05 | 0.51 | 0.11 |
| Debt / EBITDA | — | — | — | — | — | — | — | — | — | — | — |
| Net Debt / Equity | — | -0.09 | -0.08 | -0.10 | -0.10 | -0.06 | 0.03 | 0.08 | -0.02 | -0.15 | 0.08 |
| Net Debt / EBITDA | — | — | — | — | — | — | — | — | — | — | — |
| Debt / FCF | — | -19.15 | — | -40.64 | -2.37 | -2.05 | — | — | — | -0.49 | — |
| Interest Coverage | — | — | — | — | — | 15.00 | -2.00 | 5.00 | -13.72 | -134.04 | 2.16 |
Net cash position: cash ($383000) exceeds total debt ($0)
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 | 5.74 | 5.74 | 6.53 | 6.12 | 7.40 | 63.53 | 23.18 | 14.03 | 29.97 | 0.94 | 1.11 |
| Quick Ratio | 5.74 | 5.74 | 6.53 | 6.12 | 7.40 | 63.53 | 23.18 | 14.03 | 29.97 | 0.94 | 1.11 |
| Cash Ratio | 5.55 | 5.55 | 6.37 | 5.96 | 6.92 | 4.20 | 0.16 | 0.08 | 2.41 | 0.75 | 0.29 |
| Asset Turnover | — | 0.03 | 0.03 | 0.03 | 0.05 | 0.02 | 0.02 | 0.02 | 0.09 | 0.19 | 0.11 |
| 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 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 | — | — | — | — | 9.2% | — | — | — | — | — | 0.5% |
| FCF Yield | 0.6% | 0.5% | — | 0.2% | 3.3% | 1.0% | — | — | — | 3.0% | — |
| 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 | — | $5M | $5M | $5M | $5M | $5M | $5M | $5M | $5M | $2M | $2M |
Operational scale and liquidity
Based on reported figures, GBR trades at a P/S ratio of 23.84, which appears disconnected from its stagnant revenue base and negative earnings, suggesting that market pricing is driven by speculative option value on land holdings rather than any traditional fundamental valuation metric or growth trajectory.
The P/E ratio of -72.00 confirms that the market is not pricing the company based on current earning power, as the business model currently fails to generate a profit. Investors should monitor whether the P/B ratio of 0.82 reflects a genuine discount to liquidation value or simply a lack of confidence in the carrying value of the company's illiquid real estate assets.
According to historical financial data, GBR's ROIC has remained consistently negative, hovering around -1.0% to -1.8% over the last ten quarters, which indicates that the company is failing to generate any meaningful return on its invested capital due to its high fixed-cost structure.
The inability to achieve positive returns on capital suggests that the current business model is structurally incapable of compounding value for shareholders. This trend warrants further investigation into whether the advisory contracts are merely internal capital allocations that fail to cover the economic cost of the company's public listing.
As reported in financial statements, the company's asset turnover ratio has remained locked at 0.01 for the past ten quarters, reflecting a complete lack of operational velocity and an inability to leverage its asset base to generate meaningful revenue growth.
The extremely low asset turnover highlights that the company's 190-acre land parcel and advisory services are not being utilized to drive operational efficiency. This stagnation suggests that the company functions more as a static holding vehicle than an active, growth-oriented service provider.
Based on the most recent quarterly filings, the current ratio of 5.94 appears superficially healthy, yet this metric is misleading given the company's persistent operating losses and the lack of liquid assets available to cover the ongoing administrative overhead required to maintain its public status.
While the quick ratio matches the current ratio, indicating no inventory dependence, the steady depletion of cash reserves suggests that the company's liquidity position is becoming increasingly vulnerable. Investors should monitor the cash burn rate, as the current buffer may be insufficient to sustain operations if revenue does not scale significantly.
The P/E ratio is the most commonly misapplied metric for GBR, as it obscures the company's status as a micro-cap holding vehicle by suggesting that earnings are the primary driver of value, when in reality, the company's valuation is tied to asset liquidation and governance.
Using P/E for a company with negative earnings and a tiny revenue base provides no insight into the underlying value of the West Virginia land or the stability of its advisory contracts. A more appropriate approach would be to focus on a sum-of-the-parts analysis, valuing the land at market rates and adjusting for the ongoing cash burn of the corporate structure.
Includes 30+ ratios · 30 years · Updated daily
DCF models, multiple analysis, and analyst estimates.
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Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying GBR stock.
New Concept Energy, Inc.'s current P/E ratio is -69.0x. The historical average is 18.0x.
New Concept Energy, Inc.'s return on equity (ROE) is -1.0%. The historical average is -13.2%.
Based on historical data, New Concept Energy, Inc. is trading at a P/E of -69.0x. Compare with industry peers and growth rates for a complete picture.
New Concept Energy, Inc. has 100.0% gross margin and -171.0% operating margin.