Latest Ratios: P/E Ratio -0.2x · EV/EBITDA 1.1x · ROE -6.1%. (2006–2024 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 | $3M | $6M | $3M | $5M | $14M | $15M | $21M | $14M | $28M | $25M | $30M |
| Enterprise Value | $7M | $10M | $12M | $11M | $19M | $27M | $30M | $30M | $56M | $53M | $84M |
| P/E Ratio → | -0.19 | — | — | — | 15.33 | — | 9.31 | — | 16.13 | 3.41 | 2.60 |
| P/S Ratio | 0.04 | 0.08 | 0.04 | 0.05 | 0.09 | 0.15 | 0.18 | 0.16 | 0.24 | 0.18 | 0.22 |
| P/B Ratio | 0.01 | 0.04 | 0.02 | 0.03 | 0.06 | 0.08 | 0.12 | 0.08 | 0.15 | 0.14 | 0.17 |
| P/FCF | 0.53 | 1.01 | — | — | — | — | 18.59 | 1.80 | 3.15 | 6.73 | 16.08 |
| P/OCF | 0.51 | 0.96 | 0.24 | 0.43 | — | 0.91 | 2.75 | 1.40 | 1.52 | 1.63 | 1.42 |
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 | — | 0.13 | 0.13 | 0.10 | 0.12 | 0.27 | 0.26 | 0.35 | 0.48 | 0.40 | 0.62 |
| EV / EBITDA | 1.14 | 1.62 | 2.49 | 1.11 | 1.11 | 2.63 | 1.56 | 9.66 | 2.92 | 1.89 | 2.67 |
| EV / EBIT | — | — | — | — | 2.47 | — | 7.11 | — | 11.85 | 4.10 | 4.48 |
| EV / FCF | — | 1.63 | — | — | — | — | 26.94 | 3.96 | 6.43 | 14.48 | 45.00 |
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 | 8.8% | 8.8% | 1.2% | 4.7% | 6.8% | 5.6% | 11.6% | 6.7% | 17.1% | 18.9% | 20.6% |
| Operating Margin | -10.8% | -10.8% | -11.1% | -5.3% | 0.9% | -5.4% | 3.3% | -12.9% | 4.0% | 9.6% | 13.4% |
| Net Profit Margin | -13.0% | -13.0% | -11.5% | -16.5% | 0.6% | -5.5% | 1.9% | -12.2% | 1.4% | 5.4% | 8.5% |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -6.1% | -6.1% | -5.7% | -8.3% | 0.5% | -3.3% | 1.3% | -6.0% | 0.9% | 4.2% | 6.6% |
| ROA | -5.3% | -5.3% | -4.8% | -7.2% | 0.4% | -2.8% | 1.1% | -5.0% | 0.8% | 3.3% | 4.8% |
| ROIC | -3.7% | -3.7% | -3.9% | -2.0% | 0.5% | -2.3% | 1.6% | -4.2% | 1.7% | 4.5% | 5.9% |
| ROCE | -5.0% | -5.0% | -5.1% | -2.5% | 0.7% | -3.1% | 2.2% | -6.0% | 2.4% | 6.7% | 9.2% |
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 | 0.07 | 0.09 | 0.07 | 0.09 | 0.09 | 0.15 | 0.17 | 0.18 | 0.32 |
| Debt / EBITDA | 1.60 | 1.60 | 2.66 | 1.63 | 0.96 | 1.60 | 0.79 | 7.99 | 1.64 | 1.10 | 1.80 |
| Net Debt / Equity | — | 0.02 | 0.05 | 0.03 | 0.02 | 0.07 | 0.06 | 0.10 | 0.15 | 0.17 | 0.31 |
| Net Debt / EBITDA | 0.61 | 0.61 | 1.82 | 0.62 | 0.29 | 1.20 | 0.48 | 5.26 | 1.49 | 1.01 | 1.72 |
| Debt / FCF | — | 0.62 | — | — | — | — | 8.35 | 2.15 | 3.27 | 7.75 | 28.92 |
| Interest Coverage | -10.64 | -10.64 | -8.20 | -5.16 | 6.74 | -5.48 | 4.56 | -7.31 | 1.95 | 4.98 | 5.96 |
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 | 1.41 | 1.41 | 1.32 | 2.67 | 2.72 | 0.81 | 1.43 | 0.82 | 0.92 | 0.70 | 0.65 |
| Quick Ratio | 1.30 | 1.30 | 0.90 | 1.78 | 2.43 | 0.75 | 1.33 | 0.72 | 0.53 | 0.43 | 0.43 |
| Cash Ratio | 0.29 | 0.29 | 0.18 | 0.54 | 0.55 | 0.23 | 0.35 | 0.29 | 0.13 | 0.11 | 0.07 |
| Asset Turnover | — | 0.43 | 0.44 | 0.45 | 0.67 | 0.51 | 0.62 | 0.43 | 0.53 | 0.65 | 0.57 |
| Inventory Turnover | 29.40 | 29.40 | 9.50 | 6.04 | 25.64 | 77.19 | 64.66 | 27.68 | 11.45 | 19.39 | 11.67 |
| Days Sales Outstanding | — | 64.98 | 62.58 | 77.12 | 62.19 | 30.18 | 33.05 | 36.34 | 5.75 | 10.55 | 5.14 |
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 | — | — | — | — | 6.5% | — | 10.7% | — | 6.2% | 29.3% | 38.4% |
| FCF Yield | 100.0% | 98.6% | — | — | — | — | 5.4% | 55.5% | 31.7% | 14.9% | 6.2% |
| 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 | — | $10M | $10M | $10M | $6M | $3M | $2M | $2M | $2M | $2M | $2M |
Structural operating margin insolvency
According to recent market data, ITP trades at a P/S multiple of 0.04x, a valuation level that suggests investors are pricing in significant terminal risk rather than growth, as the company's inability to generate positive earnings renders traditional P/E metrics effectively meaningless for assessing its intrinsic value.
The extreme discount to book value, evidenced by a P/B ratio of 0.01x, indicates that the market assigns almost no value to the company's physical assets. This valuation gap implies that investors view the firm's production capacity as a liability rather than an asset, given the persistent failure to convert revenue into operating income.
Based on reported figures, ITP's ROIC has remained consistently negative, bottoming at -1.6% in 2025Q1, which demonstrates that the company is failing to generate any economic return on its capital base and is instead actively destroying shareholder value through its current operational configuration.
The negative ROIC trend highlights that the company's margins are insufficient to cover the cost of maintaining its industrial footprint. This decay in returns suggests that the business model is structurally incapable of compounding capital under current regional market conditions.
As reported in financial statements, the company's asset turnover ratio has languished at approximately 0.15x, a figure that underscores the poor utilization of production facilities and suggests that the firm is struggling to generate sufficient sales volume to justify its existing fixed-cost structure in the Hebei region.
The volatility in the cash conversion cycle, which has seen wide swings in recent quarters, points to significant friction in managing inventory and receivables. This inefficiency forces the company to tie up precious liquidity in working capital that fails to translate into meaningful cash flow generation.
According to quarterly filings, ITP maintains a current ratio of 1.92x, yet this liquidity buffer appears deceptive as the company continues to burn cash through negative operating margins, leaving it increasingly vulnerable to any sudden disruption in its regional supply chain or unexpected regulatory compliance costs.
While the current ratio might appear adequate on the surface, the reliance on inventory and receivables to meet short-term obligations is risky given the commoditized nature of the paper market. Investors should monitor whether the company's cash reserves can sustain operations if the current negative margin trend persists.
Analysts frequently misapply the Price-to-Book ratio when evaluating ITP, as this metric obscures the reality that the company's assets may be significantly impaired and lack the ability to generate future cash flows, making the book value a poor proxy for the firm's actual liquidation worth.
Instead of relying on P/B, investors should focus on the cash-burn rate and the ability of the company to achieve positive free cash flow. The current book value likely overstates the company's worth by failing to account for the potential obsolescence of its specialized manufacturing equipment.
Includes 30+ ratios · 19 years · Updated daily
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Quick answers to the most common questions about buying ITP stock.
IT Tech Packaging, Inc.'s current P/E ratio is -0.2x. The historical average is 6.7x.
IT Tech Packaging, Inc.'s current EV/EBITDA is 1.1x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 2.9x.
IT Tech Packaging, Inc.'s return on equity (ROE) is -6.1%. The historical average is 7.6%.
Based on historical data, IT Tech Packaging, Inc. is trading at a P/E of -0.2x. Compare with industry peers and growth rates for a complete picture.
IT Tech Packaging, Inc. has 8.8% gross margin and -10.8% operating margin.
IT Tech Packaging, Inc.'s Debt/EBITDA ratio is 1.6x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.