Latest Ratios: P/E Ratio -166.7x · EV/EBITDA 4.1x · ROE -1.4%. (2007–2025 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 | $381M | $679M | $84M | $60M | $44M | $123M | $195M | — | — | — | — |
| Enterprise Value | $340M | $638M | $57M | $62M | $41M | $111M | $160M | — | — | — | — |
| P/E Ratio → | -166.67 | — | — | — | — | — | — | — | — | — | — |
| P/S Ratio | 1.54 | 2.74 | 2.77 | — | — | — | — | — | — | — | — |
| P/B Ratio | 2.06 | 3.68 | 0.64 | 1.47 | 2.06 | 4.22 | 3.67 | — | — | — | — |
| P/FCF | 16.34 | 29.13 | — | — | — | — | — | — | — | — | — |
| P/OCF | 5.35 | 9.53 | — | — | — | — | — | — | — | — | — |
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 | — | 2.57 | 1.88 | — | — | — | — | — | — | — | — |
| EV / EBITDA | 4.06 | 7.61 | — | — | — | — | — | — | — | — | — |
| EV / EBIT | 5.14 | 9.65 | — | — | — | — | — | — | — | — | — |
| EV / FCF | — | 27.37 | — | — | — | — | — | — | — | — | — |
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 | 30.4% | 30.4% | 17.7% | — | — | — | — | — | — | — | — |
| Operating Margin | 26.7% | 26.7% | -51.7% | — | — | — | — | — | — | — | — |
| Net Profit Margin | -0.9% | -0.9% | -31.3% | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -1.4% | -1.4% | -11.1% | -93.8% | -78.6% | -80.0% | -46.4% | -55.3% | -50.3% | -42.0% | — |
| ROA | -0.8% | -0.8% | -5.9% | -40.4% | -29.0% | -34.9% | -22.6% | -25.2% | -17.8% | -13.7% | 1674.0% |
| ROIC | 40.1% | 40.1% | -16.0% | -69.7% | -80.2% | -132.8% | -91.2% | -81.2% | -65.5% | -35.3% | — |
| ROCE | 28.7% | 28.7% | -12.4% | -50.9% | -33.3% | -36.1% | -23.5% | -27.0% | -19.9% | -8.4% | — |
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 | 0.12 | 0.12 | 0.19 | 0.28 | 0.60 | 0.10 | 0.03 | 0.04 | 0.18 | 0.15 | — |
| Debt / EBITDA | 0.26 | 0.26 | — | — | — | — | — | — | — | — | — |
| Net Debt / Equity | — | -0.22 | -0.21 | 0.06 | -0.15 | -0.39 | -0.66 | -0.58 | -0.34 | -0.47 | — |
| Net Debt / EBITDA | -0.49 | -0.49 | — | — | — | — | — | — | — | — | — |
| Debt / FCF | — | -1.77 | — | — | — | — | — | — | — | — | — |
| Interest Coverage | 14.09 | 14.09 | -3.00 | -12.04 | -29.73 | -288.51 | -222.63 | -245.55 | -209.73 | -659.39 | — |
Net cash position: cash ($63M) exceeds total debt ($22M)
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 | 3.52 | 3.52 | 2.28 | 0.59 | 1.10 | 2.64 | 5.23 | 7.21 | 1.85 | 5.44 | 0.02 |
| Quick Ratio | 1.94 | 1.94 | 1.13 | 0.59 | 1.10 | 2.64 | 5.23 | 7.21 | 1.85 | 5.44 | 0.02 |
| Cash Ratio | 1.72 | 1.72 | 1.05 | 0.53 | 1.03 | 2.51 | 5.11 | 7.05 | 1.80 | 5.31 | 0.02 |
| Asset Turnover | — | 0.80 | 0.13 | — | — | — | — | — | — | — | — |
| Inventory Turnover | 2.97 | 2.97 | 0.43 | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | 1.89 | 8.82 | — | — | — | — | — | — | — | — |
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 | — | — | — | — | — | — | — | — | — | — | — |
| FCF Yield | 6.1% | 3.4% | — | — | — | — | — | — | — | — | — |
| Buyback Yield | 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% | — | — | — | — |
| Shares Outstanding | — | $169M | $96M | $56M | $28M | $23M | $20M | $14M | $9M | $3M | $262720 |
Non-recurring revenue accounting distortions
According to recent market data, the company trades at a forward P/E of 5.07 and an EV/EBITDA of 4.22, which appears to be a significant mispricing given that Integra remains a pre-revenue development-stage entity rather than a mature, cash-generating precious metals producer.
The current valuation multiples are likely distorted by non-recurring accounting events that artificially inflate earnings and EBITDA. Investors should monitor the P/NAV metric instead, as the current P/E and EV/EBITDA ratios may lead to erroneous conclusions regarding the company's true economic value and future capital requirements.
Based on reported figures, ROIC has fluctuated from -12.1% in 2024Q3 to 16.5% in 2025Q3, a trend that highlights the instability of returns for a company currently in the heavy investment phase of its project lifecycle rather than a steady-state operational phase.
The erratic nature of these returns suggests that the company is not yet compounding capital in a meaningful way. The volatility in ROIC appears to be driven by accounting adjustments and asset acquisitions rather than operational efficiency, warranting further investigation into the long-term viability of the current project portfolio.
As reported in financial statements, the cash conversion cycle has shown extreme variance, reaching 105 days in 2026Q1 compared to 67 days in 2025Q3, which reflects the irregular nature of project-related expenditures and the lack of a standardized operational workflow for the company.
The high variability in the cash conversion cycle suggests that the company lacks the mature supply chain and customer leverage typical of established industrial firms. This inconsistency in working capital management may indicate that the company is still in the process of building the necessary infrastructure to support future production.
According to recent SEC filings, the company maintains a low debt-to-equity ratio of 0.14, which appears to provide a temporary buffer, though this conservative stance may be insufficient to cover the massive capital expenditures required for future mine construction and development.
While the low debt load is a positive indicator of financial discipline, it also suggests that the company is heavily reliant on equity dilution to fund its operations. Investors should monitor the interest coverage ratio, which has shown significant volatility, as it may become a concern if the company shifts toward debt-based financing.
The most commonly misapplied metric for Integra is the P/E ratio, which obscures the company's status as a pre-revenue developer by treating non-recurring accounting gains as sustainable earnings, thereby creating a false sense of profitability that is not supported by the underlying business model.
Analysts should instead focus on P/NAV and the projected cash burn rate relative to the remaining liquidity runway. Relying on standard P/E or EV/EBITDA multiples for a junior miner in the development phase is fundamentally flawed and may lead to significant misallocation of capital by market participants.
Includes 30+ ratios · 19 years · Updated daily
DCF models, multiple analysis, and analyst estimates.
10-year return with dividends reinvested.
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Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying ITRG stock.
Integra Resources Corp.'s current P/E ratio is -166.7x. This places it at the 50th percentile of its historical range.
Integra Resources Corp.'s current EV/EBITDA is 4.1x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 7.6x.
Integra Resources Corp.'s return on equity (ROE) is -1.4%. The historical average is -58.2%.
Based on historical data, Integra Resources Corp. is trading at a P/E of -166.7x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Integra Resources Corp. has 30.4% gross margin and 26.7% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
Integra Resources Corp.'s Debt/EBITDA ratio is 0.3x, indicating low leverage. A ratio below 2x is generally considered financially healthy.