Latest Ratios: P/E Ratio -8.7x · EV/EBITDA N/A · ROE -7.5%. (1997–2025 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 | $86M | $243M | $136M | $171M | $57M | $128M | $84M | $206M | $182M | $234M | $254M |
| Enterprise Value | $61M | $217M | $130M | $153M | $42M | $115M | $51M | $187M | $170M | $219M | $244M |
| P/E Ratio → | -8.74 | — | — | 14.08 | — | — | — | — | — | — | — |
| P/S Ratio | 0.78 | 2.19 | 1.00 | 1.37 | 0.64 | 1.34 | 0.95 | 2.15 | 2.40 | 3.17 | 4.09 |
| P/B Ratio | 0.68 | 1.93 | 1.01 | 1.29 | 0.47 | 0.90 | 0.52 | 1.15 | 1.03 | 1.20 | 1.04 |
| P/FCF | — | — | — | 102.23 | — | — | 8.60 | — | — | 27.67 | — |
| P/OCF | — | — | — | 11.00 | — | — | 4.61 | 36.56 | — | 23.19 | — |
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 | — | 1.96 | 0.96 | 1.23 | 0.47 | 1.21 | 0.58 | 1.95 | 2.24 | 2.97 | 3.93 |
| EV / EBITDA | — | — | 5.92 | 5.55 | — | 29.38 | 9.00 | 9.17 | — | — | — |
| EV / EBIT | — | — | — | 12.05 | — | — | — | 78.84 | — | — | — |
| EV / FCF | — | — | — | 91.46 | — | — | 5.24 | — | — | 25.88 | — |
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 | 29.7% | 29.7% | 38.8% | 41.5% | 20.2% | 17.2% | 26.7% | 32.8% | 14.5% | -28.1% | -31.2% |
| Operating Margin | -10.2% | -10.2% | 5.2% | 9.1% | -25.9% | -17.8% | -20.5% | 1.1% | -27.4% | -73.7% | -89.4% |
| Net Profit Margin | -8.8% | -8.8% | -4.9% | 9.8% | -25.6% | -14.8% | -21.9% | -0.2% | -25.4% | -77.0% | -74.1% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -7.5% | -7.5% | -4.9% | 9.6% | -17.3% | -9.3% | -11.3% | -0.1% | -10.3% | -25.8% | -17.2% |
| ROA | -6.4% | -6.4% | -4.3% | 8.5% | -15.3% | -8.0% | -9.9% | -0.1% | -9.5% | -24.7% | -16.4% |
| ROIC | -7.4% | -7.4% | 4.4% | 7.7% | -14.7% | -9.8% | -9.4% | 0.5% | -9.0% | -19.7% | -16.6% |
| ROCE | -8.6% | -8.6% | 5.3% | 8.9% | -17.1% | -10.4% | -9.9% | 0.6% | -10.9% | -24.7% | -20.7% |
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 | 0.01 | 0.01 | 0.00 | 0.01 | 0.01 | 0.01 | — | — | — | — | — |
| Debt / EBITDA | — | — | 0.02 | 0.03 | — | 0.32 | — | — | — | — | — |
| Net Debt / Equity | — | -0.20 | -0.05 | -0.14 | -0.12 | -0.09 | -0.20 | -0.11 | -0.07 | -0.08 | -0.04 |
| Net Debt / EBITDA | — | — | -0.29 | -0.65 | — | -3.29 | -5.78 | -0.93 | — | — | — |
| Debt / FCF | — | — | — | -10.77 | — | — | -3.36 | — | — | -1.78 | — |
| Interest Coverage | -54.24 | -54.24 | -33.57 | 94.80 | -347.97 | — | -435.66 | 23.94 | -57.90 | -1386.38 | -2127.19 |
Net cash position: cash ($26M) exceeds total debt ($974000)
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 | 3.62 | 3.62 | 5.20 | 3.83 | 4.75 | 3.94 | 6.28 | 5.41 | 5.20 | 8.22 | 16.98 |
| Quick Ratio | 2.36 | 2.36 | 3.67 | 2.90 | 3.17 | 2.88 | 4.64 | 3.60 | 3.93 | 6.25 | 6.80 |
| Cash Ratio | 1.08 | 1.08 | 2.16 | 1.70 | 1.35 | 1.55 | 3.16 | 1.44 | 2.54 | 4.88 | 3.68 |
| Asset Turnover | — | 0.72 | 0.89 | 0.81 | 0.66 | 0.58 | 0.47 | 0.47 | 0.38 | 0.36 | 0.24 |
| Inventory Turnover | 2.52 | 2.52 | 3.17 | 3.95 | 3.56 | 4.85 | 3.80 | 2.70 | 3.44 | 4.55 | 0.78 |
| Days Sales Outstanding | — | 93.25 | 58.86 | 62.66 | 85.41 | 70.06 | 57.25 | 104.48 | 89.53 | 63.19 | 177.71 |
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 | — | — | — | 7.1% | — | — | — | — | — | — | — |
| FCF Yield | — | — | — | 1.0% | — | — | 11.6% | — | — | 3.6% | — |
| Buyback Yield | 0.7% | 0.3% | 4.7% | 0.0% | 1.2% | 5.3% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 0.7% | 0.3% | 4.7% | 0.0% | 1.2% | 5.3% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Shares Outstanding | — | $13M | $13M | $13M | $13M | $13M | $14M | $13M | $13M | $13M | $13M |
Cyclical revenue volatility
Based on recent market data, GEOS trades at a P/S ratio of 0.74, which suggests that investors are heavily discounting the company's revenue potential due to persistent negative earnings and the inherent cyclicality of the seismic equipment market compared to broader industrial peers.
The lack of a meaningful forward P/E or EV/EBITDA multiple highlights the market's skepticism regarding the company's ability to return to sustained profitability. This valuation appears to assign little to no premium for the company's proprietary sensor technology, treating the equity more as a liquidation play on its cash-rich balance sheet rather than a growth-oriented industrial entity.
According to reported financial statements, GEOS has seen its ROIC decline to -8.7% in 2026Q2, a sharp reversal from the 7.9% peak observed in 2024Q1, indicating that the company is currently destroying shareholder value rather than compounding it through its core manufacturing operations.
The negative trend in ROIC is primarily driven by the inability to maintain positive operating margins, which effectively negates the benefits of the company's vertical integration. Investors should monitor whether the recent investments in R&D can eventually drive a recovery in returns, or if the current asset base is structurally incapable of generating adequate returns on invested capital.
As indicated by the 2026Q2 data, the company's cash conversion cycle has expanded to 224 days, a significant increase from the 104-day cycle seen in 2024Q1, suggesting that inventory management and collection efficiency are struggling under the weight of current project-based revenue volatility.
The elevated days inventory outstanding (DIO) of 171 days warrants further investigation, as it may signal a buildup of obsolete seismic node components that are not moving through the sales channel. This inefficiency in working capital management exacerbates the company's cash burn, as capital remains trapped in inventory rather than being recycled into productive R&D or operational improvements.
Based on the latest quarterly filings, GEOS maintains a negligible debt-to-equity ratio of 0.01, which provides a critical, albeit passive, defensive mechanism that allows the company to navigate prolonged industry downturns without the immediate threat of insolvency or restrictive debt covenants.
While the lack of leverage is a hallmark of conservative management, it also implies that the company is not utilizing the balance sheet to accelerate growth or optimize its capital structure. This financial position is likely the only factor preventing a more severe market re-rating, as it provides a tangible floor for the stock price despite the ongoing operational losses.
The P/E ratio is frequently misapplied to GEOS, as the company's earnings are currently distorted by non-recurring project cycles and heavy R&D investment, which obscures the underlying cash-generating potential of its proprietary sensor technology and municipal water product portfolio.
Investors should instead focus on EV/Sales or a normalized FCF yield, as these metrics better account for the company's cash-heavy balance sheet and the lumpy nature of its revenue recognition. Relying on P/E in this context may lead to an overly pessimistic view that ignores the potential for a rapid recovery in margins should offshore exploration activity reach a critical inflection point.
Includes 30+ ratios · 29 years · Updated daily
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Quick answers to the most common questions about buying GEOS stock.
Geospace Technologies Corporation's current P/E ratio is -8.7x. The historical average is 33.8x.
Geospace Technologies Corporation's return on equity (ROE) is -7.5%. The historical average is 3.2%.
Based on historical data, Geospace Technologies Corporation is trading at a P/E of -8.7x. Compare with industry peers and growth rates for a complete picture.
Geospace Technologies Corporation has 29.7% gross margin and -10.2% operating margin.