Latest Ratios: P/E Ratio -2.5x · EV/EBITDA 9.1x · ROE -17.5%. (2016–2025 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 | $97M | $114M | $169M | $288M | $219M | $441M | $392M | $529M | $279M | $222M | — |
| Enterprise Value | $311M | $328M | $364M | $476M | $419M | $617M | $524M | $610M | $297M | $244M | — |
| P/E Ratio → | -2.49 | — | — | — | 477.65 | 19.67 | — | 97.50 | 44.33 | 22.93 | — |
| P/S Ratio | 0.08 | 0.09 | 0.14 | 0.25 | 0.19 | 0.55 | 0.69 | 1.36 | 0.96 | 0.75 | — |
| P/B Ratio | 0.47 | 0.56 | 0.70 | 1.00 | 0.74 | 1.49 | 1.49 | 0.87 | 8.10 | 8.27 | — |
| P/FCF | 14.83 | 17.35 | 16.72 | — | 7.51 | 28.80 | 8.70 | — | 31.45 | 17.08 | — |
| P/OCF | 3.82 | 4.47 | 7.45 | — | 6.18 | 25.17 | 8.57 | 113.30 | 23.36 | 14.55 | — |
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 | — | 0.27 | 0.30 | 0.41 | 0.36 | 0.77 | 0.93 | 1.57 | 1.02 | 0.83 | — |
| EV / EBITDA | 9.10 | 9.59 | — | 13.64 | 11.81 | 12.11 | — | 75.65 | 27.83 | 18.78 | — |
| EV / EBIT | 53.54 | 56.38 | — | 53.72 | 56.17 | 19.63 | — | 62.55 | 29.04 | 20.30 | — |
| EV / FCF | — | 49.96 | 36.09 | — | 14.40 | 40.29 | 11.65 | — | 33.42 | 18.77 | — |
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 | 16.9% | 16.9% | 17.1% | 17.8% | 17.6% | 19.0% | 17.8% | 16.3% | 17.0% | 14.9% | 13.0% |
| Operating Margin | 0.5% | 0.5% | -3.3% | 0.8% | 0.9% | 3.7% | -60.7% | 0.8% | 2.9% | 3.7% | 2.0% |
| Net Profit Margin | -3.2% | -3.2% | -4.0% | -0.2% | 0.0% | 2.8% | -60.6% | 1.4% | 2.2% | 3.3% | 1.7% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -17.5% | -17.5% | -18.3% | -0.7% | 0.2% | 7.9% | -78.9% | 1.7% | 20.5% | 37.6% | 19.4% |
| ROA | -7.1% | -7.1% | -8.5% | -0.4% | 0.1% | 4.1% | -53.1% | 1.2% | 7.7% | 12.6% | 6.5% |
| ROIC | 1.0% | 1.0% | -6.4% | 1.4% | 1.6% | 5.1% | -47.5% | 0.6% | 12.7% | 17.9% | 9.9% |
| ROCE | 1.5% | 1.5% | -9.1% | 1.9% | 2.3% | 6.9% | -62.3% | 0.8% | 18.8% | 29.0% | 16.7% |
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 | 1.09 | 1.09 | 0.87 | 0.71 | 0.76 | 0.65 | 0.54 | 0.16 | 0.67 | 1.04 | 1.03 |
| Debt / EBITDA | 6.51 | 6.51 | — | 5.83 | 6.33 | 3.75 | — | 11.90 | 2.16 | 2.16 | 3.30 |
| Net Debt / Equity | — | 1.05 | 0.81 | 0.65 | 0.68 | 0.60 | 0.50 | 0.13 | 0.51 | 0.82 | 0.79 |
| Net Debt / EBITDA | 6.26 | 6.26 | — | 5.39 | 5.65 | 3.46 | — | 10.10 | 1.65 | 1.69 | 2.51 |
| Debt / FCF | — | 32.61 | 19.37 | — | 6.88 | 11.49 | 2.95 | — | 1.98 | 1.69 | 10.76 |
| Interest Coverage | 0.51 | 0.51 | -3.04 | 0.77 | 1.00 | 7.68 | -79.52 | 5.87 | 7.44 | 8.99 | — |
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 | 1.18 | 1.18 | 1.23 | 1.25 | 1.21 | 1.03 | 1.24 | 1.37 | 1.76 | 1.28 | 1.34 |
| Quick Ratio | 0.53 | 0.53 | 0.55 | 0.51 | 0.47 | 0.37 | 0.51 | 0.67 | 1.10 | 0.70 | 0.73 |
| Cash Ratio | 0.05 | 0.05 | 0.10 | 0.11 | 0.15 | 0.10 | 0.12 | 0.13 | 0.16 | 0.16 | 0.16 |
| Asset Turnover | — | 2.27 | 2.18 | 1.93 | 1.84 | 1.33 | 1.16 | 0.48 | 3.53 | 3.66 | 3.85 |
| Inventory Turnover | 9.57 | 9.57 | 10.19 | 8.94 | 8.02 | 6.28 | 7.96 | 4.19 | 10.89 | 11.10 | 10.34 |
| Days Sales Outstanding | — | 19.68 | 16.51 | 15.20 | 13.85 | 16.73 | 16.82 | 50.99 | 35.90 | 20.11 | 22.16 |
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 | — | — | 0.3% | 0.3% | 0.1% | 0.1% | 0.0% | 0.1% | 0.4% | 3.9% | — |
| Payout Ratio | — | — | — | — | 40.7% | 1.5% | — | 5.6% | 18.5% | 89.0% | 114.3% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | 0.2% | 5.1% | — | 1.0% | 2.3% | 4.4% | — |
| FCF Yield | 6.7% | 5.8% | 6.0% | — | 13.3% | 3.5% | 11.5% | — | 3.2% | 5.9% | — |
| Buyback Yield | 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% | 0.3% | 0.3% | 0.1% | 0.1% | 0.0% | 0.1% | 0.4% | 3.9% | — |
| Shares Outstanding | — | $53M | $53M | $54M | $54M | $52M | $52M | $27M | $21M | $23M | $100000 |
Thin operating margin volatility
According to current market data, HFFG trades at a P/S multiple of 0.07, which, when viewed alongside a negative TTM P/E of -2.30, suggests that investors are heavily discounting the company's ability to convert its $1.2B revenue base into sustainable bottom-line earnings for shareholders.
The forward P/E of 56.00 implies that the market is pricing in a significant turnaround, yet this valuation appears optimistic given the persistent net losses. Investors should monitor whether the current P/B of 0.44 represents a genuine value opportunity or a reflection of the market's lack of confidence in the company's asset base.
As reported in recent financial statements, HFFG's ROIC has fluctuated near zero, with a 0.2% reading in 2026Q1, indicating that the company is failing to generate returns on invested capital that exceed its cost of capital, a trend that has persisted over the last ten quarters.
The inability to consistently drive positive ROIC suggests that the company's growth-by-acquisition strategy has yet to yield the expected synergies. This lack of compounding returns warrants further investigation into whether the current capital allocation strategy is fundamentally value-destructive for long-term equity holders.
Based on quarterly data, HFFG's cash conversion cycle has remained elevated, averaging approximately 35 days, which, when compared to industry peers, suggests that the company faces persistent challenges in optimizing its inventory turnover and managing the timing of supplier payments versus customer collections.
The asset turnover ratio of 0.57 indicates that the company is not effectively utilizing its distribution infrastructure to generate revenue. This inefficiency, combined with the high-frequency nature of its restaurant clients, suggests that any disruption in the supply chain could lead to immediate liquidity pressures.
While HFFG maintains a relatively low debt-to-equity ratio of 0.61 as of 2026Q1, this conservative balance sheet structure appears to be a necessity rather than a choice, given the company's inability to consistently cover interest expenses, as evidenced by the volatile interest coverage ratios observed historically.
The low leverage provides a minor buffer against insolvency, but it does not compensate for the lack of operating cash flow. Investors should monitor whether the company can maintain this debt profile if the current negative net margin environment continues to erode the equity base.
The P/E ratio is frequently misapplied to HFFG, as the company's history of negative net margins renders the metric largely meaningless for assessing its true earning power or comparing it to profitable broad-line distributors like Sysco or US Foods.
Instead of P/E, analysts should focus on EV/Revenue or EV/EBITDA to better understand the company's valuation relative to its scale and operational efficiency. Relying on P/E obscures the reality that HFFG is currently a volume-driven logistics business that has yet to achieve the necessary scale to reach profitability.
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Quick answers to the most common questions about buying HFFG stock.
HF Foods Group Inc.'s current P/E ratio is -2.5x. The historical average is 46.1x.
HF Foods Group Inc.'s current EV/EBITDA is 9.1x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 24.2x.
HF Foods Group Inc.'s return on equity (ROE) is -17.5%. The historical average is -2.8%.
Based on historical data, HF Foods Group Inc. is trading at a P/E of -2.5x. Compare with industry peers and growth rates for a complete picture.
HF Foods Group Inc. has 16.9% gross margin and 0.5% operating margin.
HF Foods Group Inc.'s Debt/EBITDA ratio is 6.5x, indicating high leverage. A ratio above 4x may signal elevated financial risk.