Latest Ratios: P/E Ratio -2.8x · EV/EBITDA -395.8x · ROE -2.4%. (2019–2025 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 |
|---|---|---|---|---|---|---|---|---|
| Market Cap | $21M | $35M | $287M | $3.1B | $18.2B | $525.9B | — | — |
| Enterprise Value | $-243180818 | $-1759706668 | $-556435468 | $3.0B | $18.1B | $525.8B | — | — |
| P/E Ratio → | -2.76 | — | — | — | — | 647.28 | — | — |
| P/S Ratio | 0.36 | 0.09 | 0.99 | 15.12 | 37.35 | 1466.30 | — | — |
| P/B Ratio | 0.05 | 0.01 | 0.18 | 21.80 | 92.56 | 4682.92 | — | — |
| P/FCF | 2.53 | 0.62 | — | — | — | 5105.97 | — | — |
| P/OCF | 2.52 | 0.62 | — | — | — | 5105.97 | — | — |
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 |
|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | -4.48 | -1.92 | 14.53 | 37.05 | 1466.17 | — | — |
| EV / EBITDA | -395.78 | -421.54 | — | — | — | 6148.50 | — | — |
| EV / EBIT | -652.15 | -694.61 | — | — | — | 6668.95 | — | — |
| EV / FCF | — | -31.27 | — | — | — | 5105.50 | — | — |
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 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 20.9% | 20.9% | 22.5% | 36.5% | 45.8% | 69.7% | 61.9% | 97.4% |
| Operating Margin | 0.6% | 0.6% | -47.6% | -37.8% | -28.4% | 22.0% | 14.9% | 12.9% |
| Net Profit Margin | -13.1% | -13.1% | -21.8% | -40.0% | -28.0% | 22.7% | 14.7% | 13.6% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| ROE | -2.4% | -2.4% | -7.3% | -48.1% | -88.5% | 113.3% | 209.6% | — |
| ROA | -2.3% | -2.3% | -7.1% | -36.8% | -59.5% | 43.9% | 31.1% | 88.9% |
| ROIC | 0.2% | 0.2% | -27.3% | -161.3% | -181.0% | 119.8% | 147.9% | — |
| ROCE | 0.1% | 0.1% | -16.0% | -44.7% | -87.8% | 86.7% | 96.3% | — |
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 |
|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.02 | 0.02 | 0.00 | 0.04 | 0.02 | 0.00 | 1.09 | — |
| Debt / EBITDA | 11.99 | 11.99 | — | — | — | 0.00 | 0.98 | — |
| Net Debt / Equity | — | -0.67 | -0.53 | -0.85 | -0.74 | -0.43 | 0.11 | — |
| Net Debt / EBITDA | -429.88 | -429.88 | — | — | — | -0.56 | 0.10 | -0.09 |
| Debt / FCF | — | -31.89 | — | — | — | -0.47 | — | -0.10 |
| Interest Coverage | — | — | — | — | — | — | 103.21 | 17.10 |
Net cash position: cash ($1.8B) exceeds total debt ($50M)
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Current Ratio | 33.54 | 33.54 | 52.19 | 8.83 | 2.95 | 2.09 | 1.14 | 0.87 |
| Quick Ratio | 33.54 | 33.54 | 52.16 | 8.75 | 2.93 | 2.06 | 1.10 | 0.78 |
| Cash Ratio | 33.14 | 33.14 | 51.09 | 7.31 | 1.86 | 0.76 | 0.24 | 0.08 |
| Asset Turnover | — | 0.14 | 0.18 | 1.27 | 1.73 | 2.02 | 1.12 | 6.55 |
| Inventory Turnover | 2638.06 | 2638.06 | 293.66 | 94.11 | 150.56 | 56.41 | 16.92 | 1.74 |
| Days Sales Outstanding | — | 25.39 | 29.51 | 17.65 | 60.15 | 69.47 | 157.20 | 5.67 |
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 |
|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | 0.2% | — | — |
| FCF Yield | 39.5% | 161.8% | — | — | — | 0.0% | — | — |
| Buyback Yield | 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% | — | — |
| Shares Outstanding | — | $13M | $1M | $1M | $1M | $7M | $7M | $7M |
Capital structure opacity
According to recent market data, HOLO trades at a P/S ratio of 0.34, which appears to reflect extreme investor skepticism regarding the company's ability to convert its $290 million in TTM revenue into sustainable earnings, especially when compared to the broader technology sector's valuation multiples.
The negative P/E and EV/EBITDA multiples suggest that the market is currently pricing the company as a distressed asset rather than a growth-stage technology firm. Investors should monitor whether this valuation gap is a result of the company's persistent operating losses or a fundamental lack of confidence in the reported revenue quality.
Based on reported financial figures, HOLO's ROIC has fluctuated from -79.7% in late 2023 to 0.0% in recent quarters, indicating that the company has struggled to generate positive returns on its invested capital despite significant infusions of liquidity from external financing activities.
The inability to maintain a positive ROIC suggests that the company's R&D and operational expenditures are not yet creating a competitive advantage that translates into economic profit. This trend warrants further investigation into whether the recent shift to 0.0% ROIC represents a genuine improvement in efficiency or merely an accounting anomaly.
As reported in quarterly filings, the company's cash conversion cycle has swung from -136 days in 2023Q1 to 11 days in 2025Q2, a dramatic shift that suggests inconsistent management of receivables and inventory cycles within its project-based holographic solutions business model.
The extreme volatility in the cash conversion cycle indicates that the company may be adjusting credit terms to secure contracts, which could mask underlying demand weakness. Analysts should scrutinize the DSO trends, as the recent stabilization may be temporary and dependent on aggressive revenue recognition practices.
Based on the most recent quarterly data, HOLO maintains a current ratio of 36.26, which is heavily inflated by a massive cash position that stands in stark contrast to the company's persistent operating losses and lack of a self-sustaining revenue model.
While the liquidity position appears robust on the surface, the lack of clear deployment strategies for this capital suggests that the company may be holding cash to offset operational burn rather than for strategic growth. This high liquidity ratio may provide a false sense of security to investors if the underlying business model remains cash-flow negative.
As indicated by the company's financial statements, the P/B ratio of 0.05 is frequently misapplied by investors who assume it represents a deep-value opportunity, failing to account for the fact that the company's asset base is primarily composed of financialized cash rather than productive physical assets.
Using P/B to value HOLO obscures the reality that the company's book value is highly sensitive to dilutive financing and accounting adjustments. A more appropriate metric would be an adjusted enterprise value that excludes cash, which would likely reveal a much higher valuation relative to the company's actual operational output.
Includes 30+ ratios · 7 years · Updated daily
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Quick answers to the most common questions about buying HOLO stock.
MicroCloud Hologram Inc.'s current P/E ratio is -2.8x. This places it at the 50th percentile of its historical range.
MicroCloud Hologram Inc.'s current EV/EBITDA is -395.8x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA.
MicroCloud Hologram Inc.'s return on equity (ROE) is -2.4%. The historical average is 29.4%.
Based on historical data, MicroCloud Hologram Inc. is trading at a P/E of -2.8x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
MicroCloud Hologram Inc. has 20.9% gross margin and 0.6% operating margin.
MicroCloud Hologram Inc.'s Debt/EBITDA ratio is 12.0x, indicating high leverage. A ratio above 4x may signal elevated financial risk.