Latest Ratios: P/E Ratio 67.4x · EV/EBITDA 42.8x · ROE 6.6%. (1998–2025 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 | $135M | $54M | $37M | $38M | $86M | $198M | $118M | $33M | $32M | $27M |
| Enterprise Value | $77M | $125M | $49M | $33M | $32M | $72M | $184M | $115M | $29M | $24M | $24M |
| P/E Ratio → | 67.41 | 105.70 | — | — | — | — | — | — | — | — | — |
| P/S Ratio | 3.81 | 5.94 | 2.71 | 1.93 | 2.36 | 5.24 | 18.41 | 15.43 | 7.50 | 8.84 | 7.10 |
| P/B Ratio | 4.15 | 6.50 | 3.05 | 2.12 | 2.04 | 4.39 | 8.90 | 10.07 | 2.57 | 1.99 | 2.11 |
| P/FCF | 19.22 | 29.99 | — | — | — | 189.26 | — | — | — | — | — |
| P/OCF | 19.00 | 29.64 | — | — | — | 76.99 | — | — | — | — | — |
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 | — | 5.51 | 2.47 | 1.72 | 2.03 | 4.41 | 17.19 | 15.02 | 6.52 | 6.62 | 6.30 |
| EV / EBITDA | 42.80 | 69.81 | — | — | — | — | — | — | — | — | — |
| EV / EBIT | 70.55 | 115.07 | — | — | — | — | — | — | — | — | — |
| EV / FCF | — | 27.84 | — | — | — | 159.19 | — | — | — | — | — |
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 | 89.5% | 89.5% | 90.8% | 92.7% | 92.0% | 78.6% | 86.7% | 87.0% | 91.3% | 85.5% | 80.0% |
| Operating Margin | 4.8% | 4.8% | -5.8% | -12.0% | -25.2% | -45.7% | -30.8% | -34.5% | -92.3% | -169.0% | -149.8% |
| Net Profit Margin | 5.6% | 5.6% | -4.6% | -10.5% | -26.0% | -45.6% | -23.1% | -33.3% | -89.4% | -167.3% | -149.4% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 6.6% | 6.6% | -5.2% | -11.1% | -21.8% | -35.8% | -14.6% | -20.7% | -27.4% | -41.6% | -39.2% |
| ROA | 5.6% | 5.6% | -4.1% | -8.6% | -17.3% | -29.9% | -13.0% | -17.9% | -24.5% | -37.1% | -34.7% |
| ROIC | 6.8% | 6.8% | -6.6% | -12.8% | -31.4% | -74.7% | -28.0% | -23.2% | -37.1% | -51.1% | -42.7% |
| ROCE | 5.6% | 5.6% | -6.7% | -12.7% | -21.2% | -35.8% | -19.4% | -21.4% | -28.0% | -41.3% | -38.4% |
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 | — | — | — | — | — | — | 0.00 | 0.01 | — | — | — |
| Debt / EBITDA | — | — | — | — | — | — | — | — | — | — | — |
| Net Debt / Equity | — | -0.47 | -0.26 | -0.23 | -0.28 | -0.70 | -0.59 | -0.27 | -0.34 | -0.50 | -0.24 |
| Net Debt / EBITDA | -5.39 | -5.39 | — | — | — | — | — | — | — | — | — |
| Debt / FCF | — | -2.15 | — | — | — | -30.07 | — | — | — | — | — |
| Interest Coverage | — | — | — | — | -794.40 | — | — | — | — | — | — |
Net cash position: cash ($10M) exceeds total debt ($0)
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 | 3.68 | 3.68 | 3.11 | 2.20 | 3.37 | 2.69 | 7.35 | 2.44 | 3.82 | 5.51 | 2.82 |
| Quick Ratio | 3.68 | 3.68 | 3.11 | 2.20 | 3.37 | 2.69 | 7.35 | 2.44 | 3.77 | 5.46 | 2.77 |
| Cash Ratio | 2.55 | 2.55 | 1.46 | 1.37 | 2.55 | 2.23 | 6.19 | 1.52 | 2.91 | 4.92 | 2.27 |
| Asset Turnover | — | 0.93 | 0.96 | 0.79 | 0.71 | 0.64 | 0.44 | 0.55 | 0.31 | 0.20 | 0.26 |
| Inventory Turnover | — | — | — | — | — | — | — | 162.90 | 4.70 | 6.12 | 10.90 |
| Days Sales Outstanding | — | 54.19 | 85.33 | 90.80 | 60.28 | 48.81 | 72.08 | 79.77 | 83.93 | 66.20 | 62.35 |
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 | 1.5% | 0.9% | — | — | — | — | — | — | — | — | — |
| FCF Yield | 5.2% | 3.3% | — | — | — | 0.5% | — | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.2% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 4.0% |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.2% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 4.0% |
| Shares Outstanding | — | $20M | $19M | $19M | $19M | $19M | $17M | $16M | $16M | $12M | $10M |
Technological obsolescence via mDLs
According to current market data, Intellicheck trades at a trailing P/E of 67.88, a multiple that appears disconnected from the company's historical inability to maintain consistent GAAP profitability, suggesting investors are pricing in significant future growth that has yet to materialize in the bottom line.
The forward P/E of 41.53 implies an expectation of rapid earnings expansion that may be overly optimistic given the company's history of volatile operating margins. Investors should monitor whether this valuation premium is sustainable if the company fails to demonstrate a clear path to scaling its operating income relative to its high gross margins.
As reported in financial statements, Intellicheck maintains impressive gross margins consistently exceeding 88%, yet the company struggles to translate this structural advantage into sustained operating profitability, with operating margins swinging from a 22.5% peak in 2025Q4 to negative territory in multiple prior quarters.
The wide gap between gross and operating margins suggests that the company's cost structure is heavily weighted toward fixed operating expenses, such as sales and marketing, which have not yet achieved the necessary scale. This persistent inability to convert high-margin revenue into bottom-line profit warrants further investigation into the efficiency of the company's customer acquisition strategy.
Based on the provided quarterly data, ROIC has fluctuated wildly between a 9.9% peak in 2025Q4 and a -6.5% trough in 2024Q3, indicating that the company has yet to establish a stable, compounding return profile on its invested capital base.
The inconsistency in ROIC suggests that the company's capital allocation is not yet generating reliable economic value, likely due to the ongoing transition from hardware to software. Investors should look for a sustained positive trend in ROIC as a primary indicator that the business model is reaching a mature, efficient state.
According to recent quarterly filings, the company's Days Sales Outstanding (DSO) has shown significant variability, ranging from 59 to 112 days, which suggests inconsistent collection cycles and potential friction in the company's ability to convert enterprise-level contract wins into timely cash inflows.
The erratic nature of the cash conversion cycle highlights the challenges inherent in managing large-scale banking and retail implementations. This volatility in working capital management may continue to obscure the company's true underlying cash-generating capability until more standardized contract terms are established.
The market commonly misapplies the Price-to-Sales (P/S) ratio to Intellicheck, which obscures the critical shift from low-margin hardware to high-margin SaaS, making the company appear more expensive than it might be if valued on a recurring revenue or contribution margin basis.
Investors should prioritize evaluating the company based on its SaaS-specific metrics, such as net revenue retention or contribution margin, rather than a headline P/S multiple. Relying on P/S fails to account for the quality of revenue, which is the most important factor in determining the long-term viability of the business model.
Includes 30+ ratios · 28 years · Updated daily
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Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying IDN stock.
Intellicheck, Inc.'s current P/E ratio is 67.4x. The historical average is 105.7x.
Intellicheck, Inc.'s current EV/EBITDA is 42.8x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 48.5x.
Intellicheck, Inc.'s return on equity (ROE) is 6.6%. The historical average is -54.8%.
Based on historical data, Intellicheck, Inc. is trading at a P/E of 67.4x. Compare with industry peers and growth rates for a complete picture.
Intellicheck, Inc. has 89.5% gross margin and 4.8% operating margin.