Latest Ratios: P/E Ratio -0.1x · EV/EBITDA N/A · ROE -33.8%. (1996–2024 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $5M | $6M | $17M | $31M | $45M | $40M | $24M | $37M | $69M | $455M | $420M |
| Enterprise Value | $4M | $5M | $-45520061 | $-67521608 | $-40361732 | $-43856319 | $-65712409 | $-140224946 | $-137550859 | $293M | $289M |
| P/E Ratio → | -0.06 | — | — | 3.09 | — | — | — | — | 29.40 | 12.50 | 12.30 |
| P/S Ratio | 0.71 | 0.80 | 0.57 | 0.47 | 0.82 | 1.41 | 2.28 | 14.07 | 0.64 | 3.05 | 2.59 |
| P/B Ratio | 0.03 | 0.04 | 0.08 | 0.11 | 0.16 | 0.14 | 0.09 | 0.12 | 0.18 | 1.30 | 1.24 |
| P/FCF | — | — | — | 2.28 | — | — | — | — | 2.01 | 12.11 | 8.95 |
| P/OCF | 8.05 | 9.03 | — | 0.61 | 1.95 | 4.27 | — | 2.11 | 1.10 | 8.23 | 5.96 |
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 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.62 | -1.52 | -1.02 | -0.73 | -1.55 | -6.20 | -54.04 | -1.28 | 1.96 | 1.78 |
| EV / EBITDA | — | — | -2.80 | -1.56 | -1.56 | -6.96 | — | — | -4.25 | 4.00 | 3.85 |
| EV / EBIT | — | — | — | -4.03 | -7.32 | — | — | — | -11.73 | 6.08 | 6.33 |
| EV / FCF | — | — | — | -4.97 | — | — | — | — | -4.01 | 7.81 | 6.16 |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | -208.4% | -208.4% | -25.3% | 38.5% | 31.2% | 31.2% | 48.8% | 49.5% | 41.3% | 36.5% | 32.8% |
| Operating Margin | -277.8% | -277.8% | -39.6% | 24.9% | 9.5% | -34.3% | -219.8% | -3219.8% | 10.4% | 32.0% | 27.8% |
| Net Profit Margin | -769.3% | -769.3% | -205.7% | 15.2% | -1.7% | -29.9% | -243.5% | -2696.2% | 2.4% | 24.3% | 21.0% |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -33.8% | -33.8% | -25.9% | 3.6% | -0.3% | -3.1% | -9.3% | -20.9% | 0.7% | 10.5% | 10.5% |
| ROA | -29.8% | -29.8% | -23.8% | 3.3% | -0.3% | -2.9% | -8.9% | -20.4% | 0.7% | 10.0% | 10.0% |
| ROIC | -11.2% | -11.2% | -5.7% | 6.6% | 2.0% | -4.0% | -12.0% | -43.6% | 4.7% | 18.1% | 18.0% |
| ROCE | -11.6% | -11.6% | -4.8% | 5.7% | 1.8% | -3.5% | -8.2% | -24.6% | 3.0% | 13.8% | 13.8% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.06 | 0.06 | 0.05 | 0.04 | 0.04 | 0.04 | 0.04 | 0.01 | 0.01 | 0.01 | 0.01 |
| Debt / EBITDA | — | — | 0.58 | 0.22 | 0.39 | 1.68 | — | — | 0.08 | 0.03 | 0.04 |
| Net Debt / Equity | — | -0.01 | -0.31 | -0.36 | -0.30 | -0.30 | -0.34 | -0.60 | -0.55 | -0.46 | -0.39 |
| Net Debt / EBITDA | — | — | -3.86 | -2.27 | -3.31 | -13.26 | — | — | -6.38 | -2.20 | -1.74 |
| Debt / FCF | — | — | — | -7.25 | — | — | — | — | -6.01 | -4.30 | -2.79 |
| Interest Coverage | -622.36 | -622.36 | -552.72 | 138.12 | 40.17 | -68.84 | -157.09 | -516.71 | 71.37 | 275.62 | 235.18 |
Net cash position: cash ($10M) exceeds total debt ($9M)
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.98 | 0.98 | 6.84 | 10.14 | 8.31 | 15.11 | 17.00 | 71.40 | 65.88 | 15.90 | 11.87 |
| Quick Ratio | 0.97 | 0.97 | 6.79 | 10.01 | 8.26 | 15.05 | 16.89 | 71.40 | 65.55 | 15.48 | 11.42 |
| Cash Ratio | 0.57 | 0.57 | 5.74 | 9.19 | 6.89 | 13.27 | 15.91 | 68.22 | 56.98 | 11.75 | 8.31 |
| Asset Turnover | — | 0.05 | 0.13 | 0.23 | 0.18 | 0.10 | 0.04 | 0.01 | 0.28 | 0.41 | 0.45 |
| Inventory Turnover | 74.92 | 74.92 | 65.20 | 25.44 | 54.77 | 46.27 | 7.87 | — | 52.77 | 16.12 | 15.18 |
| Days Sales Outstanding | — | 32.57 | 59.20 | 29.62 | 96.35 | 84.40 | 168.01 | 1.76 | 101.05 | 126.75 | 112.39 |
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 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | 32.4% | — | — | — | — | 3.4% | 8.0% | 8.1% |
| FCF Yield | — | — | — | 43.8% | — | — | — | — | 49.9% | 8.3% | 11.2% |
| 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 | — | $1M | $1M | $1M | $1M | $965062 | $946543 | $936076 | $936717 | $5M | $5M |
Regulatory-induced operational cessation
According to recent market data, GURE trades at a P/B ratio of 0.03, which suggests that investors are pricing the company as a distressed entity rather than a going concern, significantly discounting the book value of its remaining industrial infrastructure and brine extraction assets.
The current P/S ratio of 0.76, when viewed alongside the lack of a meaningful P/E or EV/EBITDA multiple, indicates that the market has largely abandoned traditional earnings-based valuation models for this firm. This valuation appears to reflect a deep skepticism regarding the company's ability to resume profitable operations, effectively treating the stock as a speculative play on the liquidation value of its cash and physical assets.
As reported in financial statements, the company's ROIC has trended toward near-zero levels, with a 0.1% reading in 2025Q3, illustrating a complete failure to generate returns on invested capital due to the prolonged suspension of core bromine extraction activities in Shandong Province.
The persistent decay in ROE and ROIC over the last ten quarters highlights that the company is not merely experiencing a cyclical downturn but is suffering from a structural inability to deploy capital effectively. Investors should monitor whether any future capital allocation can reverse this trend, though current figures suggest that the existing asset base is currently incapable of producing positive economic value.
Based on the provided quarterly data, the cash conversion cycle has fluctuated wildly, reaching 31 days in 2025Q3, which suggests that the company's working capital management is heavily distorted by the intermittent nature of its production cycles rather than operational efficiency.
The extreme volatility in DSO and DIO metrics indicates that the company's ability to convert inventory into cash is entirely dependent on regulatory windows for production. This lack of consistency in working capital turnover implies that the firm lacks the operational leverage typically seen in specialty chemical peers, making it highly vulnerable to sudden shifts in local industrial demand.
As indicated by the decline in the current ratio from 12.59 in 2023Q2 to 0.92 in 2025Q3, the company's liquidity position has deteriorated significantly, leaving it with a narrow margin of safety to cover ongoing maintenance costs during periods of zero production.
The rapid erosion of the quick ratio suggests that the company's ability to meet short-term obligations is becoming increasingly reliant on its dwindling cash reserves. This trend warrants close investigation, as the current liquidity profile may not be sufficient to sustain the firm if regulatory-mandated shutdowns continue to prevent the generation of operating cash flow.
The P/B ratio is the most commonly misapplied metric for GURE, as it obscures the reality that the company's reported book value likely includes significant, non-recoverable investments in idle brine wells that may never return to productive use under current environmental regulations.
Investors relying on a low P/B ratio as a 'floor' for the stock price may be ignoring the potential for massive asset impairments that could further erode equity. A more appropriate approach would be to focus on the net cash position adjusted for potential environmental remediation liabilities, rather than the accounting value of physical assets that are currently generating negative returns.
Includes 30+ ratios · 24 years · Updated daily
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Quick answers to the most common questions about buying GURE stock.
Gulf Resources, Inc.'s current P/E ratio is -0.1x. The historical average is 22.1x.
Gulf Resources, Inc.'s return on equity (ROE) is -33.8%. The historical average is 13.8%.
Based on historical data, Gulf Resources, Inc. is trading at a P/E of -0.1x. Compare with industry peers and growth rates for a complete picture.
Gulf Resources, Inc. has -208.4% gross margin and -277.8% operating margin.