Latest Ratios: P/E Ratio -10.1x · EV/EBITDA N/A · ROE -4.0%. (2000–2025 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 | $16M | $17M | $17M | $15M | $13M | $25M | $35M | $27M | $33M | $34M | $32M |
| Enterprise Value | $-13220243 | $-12005960 | $-17566400 | $-22137720 | $-24528547 | $-15138000 | $-10332952 | $-31013680 | $-26152000 | $-30073025 | $-30957670 |
| P/E Ratio → | -10.07 | — | — | — | — | — | — | — | — | 30.40 | — |
| P/S Ratio | 4.49 | 4.84 | 5.77 | 3.58 | 2.39 | 4.53 | 5.14 | 4.01 | 4.67 | 2.90 | 3.60 |
| P/B Ratio | 0.42 | 0.45 | 0.42 | 0.35 | 0.28 | 0.49 | 0.65 | 0.48 | 0.57 | 0.55 | 0.54 |
| 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 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | -3.46 | -5.92 | -5.16 | -4.39 | -2.76 | -1.50 | -4.67 | -3.68 | -2.59 | -3.45 |
| 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 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 52.4% | 52.4% | 49.7% | 57.0% | 58.2% | 52.9% | 57.0% | 53.9% | 49.5% | 56.0% | 53.9% |
| Operating Margin | -103.6% | -103.6% | -124.6% | -73.5% | -54.1% | -72.2% | -31.3% | -41.9% | -67.9% | -4.2% | -79.5% |
| Net Profit Margin | -44.7% | -44.7% | -77.3% | -79.2% | -49.3% | -62.4% | -18.8% | -25.0% | -45.0% | 9.4% | -67.6% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -4.0% | -4.0% | -5.5% | -7.4% | -5.5% | -6.5% | -2.4% | -2.9% | -5.3% | 1.8% | -9.6% |
| ROA | -3.7% | -3.7% | -5.2% | -6.9% | -5.1% | -6.1% | -2.2% | -2.7% | -5.0% | 1.6% | -8.0% |
| ROIC | -37.7% | -37.7% | -45.9% | -28.3% | -21.0% | -30.9% | -51.3% | — | — | — | — |
| ROCE | -9.1% | -9.1% | -8.8% | -6.7% | -5.9% | -7.5% | -3.9% | -4.9% | -8.1% | -0.8% | -11.0% |
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 | 0.01 | 0.02 | 0.02 | 0.03 | 0.00 | 0.00 | — | — | 0.04 |
| Debt / EBITDA | — | — | — | — | — | — | — | — | — | — | — |
| Net Debt / Equity | — | -0.78 | -0.86 | -0.86 | -0.78 | -0.79 | -0.84 | -1.04 | -1.02 | -1.04 | -1.06 |
| Net Debt / EBITDA | — | — | — | — | — | — | — | — | — | — | — |
| Debt / FCF | — | — | — | — | — | — | — | — | — | — | — |
| Interest Coverage | — | — | — | — | — | — | — | — | — | -16.21 | -87.59 |
Net cash position: cash ($29M) exceeds total debt ($248000)
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 | 16.79 | 16.79 | 18.35 | 15.91 | 18.20 | 13.24 | 15.92 | 16.43 | 18.51 | 12.98 | 7.66 |
| Quick Ratio | 16.79 | 16.79 | 18.35 | 15.91 | 18.06 | 13.24 | 15.78 | 16.25 | 18.32 | 12.80 | 7.54 |
| Cash Ratio | 16.31 | 16.31 | 18.01 | 15.61 | 17.72 | 12.89 | 15.63 | 16.11 | 18.12 | 12.61 | 7.30 |
| Asset Turnover | — | 0.09 | 0.07 | 0.09 | 0.11 | 0.10 | 0.12 | 0.11 | 0.12 | 0.17 | 0.13 |
| Inventory Turnover | — | — | — | — | 6.26 | — | 7.62 | 4.77 | 5.60 | 5.68 | 3.95 |
| Days Sales Outstanding | — | 92.14 | 17.58 | 19.47 | 37.45 | 17.61 | 14.76 | 20.21 | 27.04 | 25.78 | 80.15 |
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 | — | — | — | — | — | — | — | — | — | 3.3% | — |
| FCF Yield | — | — | — | — | — | — | — | — | — | — | — |
| 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 | — | $11M | $11M | $11M | $11M | $11M | $11M | $11M | $11M | $11M | $11M |
Structural Operating Deficit
According to recent financial data, GigaMedia trades at a price-to-book ratio of 0.42, which suggests that the market is valuing the company at a significant discount to its net asset value, primarily due to the persistent operating losses and lack of clear growth catalysts in its gaming portfolio.
The negative P/E ratio of -10.14 confirms that the market is not pricing the stock based on earnings, but rather as a liquidation or cash-holding vehicle. Investors should monitor whether the current valuation floor holds as the company continues to burn through its cash reserves to fund operations.
Based on reported figures, GigaMedia's ROIC has remained consistently negative, reaching -5.5% in 2025Q4, which indicates that the company is failing to generate any economic value from its invested capital and is instead eroding shareholder wealth through its ongoing operational deficits.
The inability to achieve positive returns on capital suggests that the core business model lacks the necessary scale to cover its fixed costs. This trend warrants further investigation into whether management can pivot toward more efficient capital deployment or if the current decay is structural and permanent.
As reported in recent SEC filings, GigaMedia maintains a current ratio of 18.16, which appears exceptionally strong, yet this figure is almost entirely driven by the company's $29 million cash position rather than any inherent strength in its working capital management or operational cash flow generation.
While the liquidity position provides a buffer against immediate insolvency, it does not address the underlying issue of persistent operating losses. Investors should be cautious, as this high liquidity ratio may provide a false sense of security regarding the long-term viability of the company's business model.
The most commonly misapplied metric for GigaMedia is the P/E ratio, which obscures the company's true nature as a cash-rich shell by focusing on negative earnings rather than the underlying asset value of its $29 million cash reserve, which serves as the primary driver of its market valuation.
Analysts should instead utilize a sum-of-the-parts valuation approach to separate the value of the liquid assets from the negative value currently assigned to the operating business. Relying on earnings-based multiples in this context is misleading because it ignores the company's role as a potential vehicle for future corporate actions.
Includes 30+ ratios · 26 years · Updated daily
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Quick answers to the most common questions about buying GIGM stock.
GigaMedia Limited's current P/E ratio is -10.1x. The historical average is 29.6x.
GigaMedia Limited's return on equity (ROE) is -4.0%. The historical average is -5.4%.
Based on historical data, GigaMedia Limited is trading at a P/E of -10.1x. Compare with industry peers and growth rates for a complete picture.
GigaMedia Limited has 52.4% gross margin and -103.6% operating margin.