Latest Ratios: P/E Ratio -6.8x · EV/EBITDA N/A · ROE -109.9%. (2017–2025 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $430M | $765M | $234M | $356M | $322M | $1.1B | $3.2B | $473M | — | — |
| Enterprise Value | $365M | $700M | $190M | $333M | $264M | $1.0B | $2.9B | $293M | — | — |
| P/E Ratio → | -6.80 | — | — | — | — | — | — | — | — | — |
| P/S Ratio | 2.28 | 4.05 | 1.40 | 1.91 | 1.58 | 6.59 | 16.59 | 2.32 | — | — |
| P/B Ratio | 16.51 | 29.72 | 2.71 | 5.18 | 1.85 | 2.68 | 11.79 | 2.31 | — | — |
| P/FCF | — | — | — | — | — | — | — | — | — | — |
| P/OCF | — | — | — | — | — | — | — | — | — | — |
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 |
|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 3.71 | 1.13 | 1.79 | 1.30 | 5.97 | 14.74 | 1.44 | — | — |
| EV / EBITDA | — | — | — | — | — | — | — | — | — | — |
| EV / EBIT | — | — | — | — | — | — | — | — | — | — |
| EV / FCF | — | — | — | — | — | — | — | — | — | — |
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 |
|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 52.8% | 52.8% | 59.4% | 57.5% | 58.1% | 60.5% | 67.7% | 47.3% | 34.3% | 29.3% |
| Operating Margin | -33.9% | -33.9% | -39.4% | -39.3% | -99.3% | -132.2% | -106.9% | -142.1% | -131.5% | -166.2% |
| Net Profit Margin | -32.6% | -32.6% | -59.2% | -55.9% | -117.2% | -135.3% | -115.3% | -141.3% | -131.8% | -173.6% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -109.9% | -109.9% | -127.8% | -85.7% | -81.2% | -66.0% | -93.9% | -210.9% | -922.8% | — |
| ROA | -37.8% | -37.8% | -51.9% | -40.0% | -52.5% | -44.7% | -58.5% | -109.1% | -157.7% | -226.1% |
| ROIC | -3297.9% | -3297.9% | -113.1% | -67.9% | -71.3% | -149.4% | — | -889.6% | — | — |
| ROCE | -97.8% | -97.8% | -78.2% | -56.5% | -66.1% | -62.4% | -83.6% | -205.6% | -920.9% | — |
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 |
|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.46 | 0.46 | 0.13 | 0.18 | 0.08 | 0.03 | 0.05 | 0.05 | — | — |
| Debt / EBITDA | — | — | — | — | — | — | — | — | — | — |
| Net Debt / Equity | — | -2.52 | -0.51 | -0.34 | -0.33 | -0.25 | -1.31 | -0.88 | -2.02 | — |
| Net Debt / EBITDA | — | — | — | — | — | — | — | — | — | — |
| Debt / FCF | — | — | — | — | — | — | — | — | — | — |
| Interest Coverage | -8.72 | -8.72 | -25.13 | -34.22 | -59.31 | -59.55 | -62.27 | -46.72 | -61.60 | -106.07 |
Net cash position: cash ($77M) exceeds total debt ($12M)
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 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.14 | 1.14 | 1.77 | 1.44 | 2.04 | 3.58 | 2.75 | 2.60 | 1.47 | 0.79 |
| Quick Ratio | 1.04 | 1.04 | 1.70 | 1.36 | 1.96 | 3.50 | 2.69 | 2.48 | 1.37 | 0.68 |
| Cash Ratio | 0.79 | 0.79 | 1.40 | 1.03 | 1.59 | 3.32 | 2.50 | 2.17 | 1.09 | 0.35 |
| Asset Turnover | — | 1.41 | 0.87 | 0.98 | 0.62 | 0.29 | 0.45 | 0.61 | 0.91 | 1.30 |
| Inventory Turnover | 8.83 | 8.83 | 10.57 | 8.18 | 7.44 | 5.30 | 7.02 | 7.74 | 9.00 | 6.98 |
| Days Sales Outstanding | — | 40.17 | 42.99 | 52.15 | 56.13 | 48.04 | 31.61 | 41.63 | 41.88 | 74.49 |
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 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | — | — | — | — | — |
| FCF Yield | — | — | — | — | — | — | — | — | — | — |
| Buyback Yield | 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% | — | — |
| Shares Outstanding | — | $61M | $61M | $101M | $100M | $97M | $80M | $70M | $77M | $76M |
Liquidity and currency volatility
Based on reported figures, Jumia's P/S ratio of 2.09 suggests the market is pricing the firm as a distressed venture-style asset rather than a mature e-commerce platform, with the absence of positive P/E or EV/EBITDA multiples highlighting the lack of a clear path to near-term profitability.
The current valuation multiple appears to be heavily discounted compared to regional peers like MercadoLibre, reflecting the significant 'frontier market' risk premium investors demand. This pricing suggests that the market remains skeptical of the company's ability to convert its proprietary logistics network into a sustainable, profit-generating engine.
According to recent financial statements, Jumia's cash conversion cycle remains deeply negative, reaching -170 days in 2026Q1, which indicates that the company is effectively utilizing supplier credit to finance its operations, though this reliance on extended payables warrants further investigation into potential vendor relationship risks.
The negative CCC is primarily driven by exceptionally high days payable outstanding, which has consistently exceeded 200 days in recent periods. While this provides a temporary liquidity buffer, it may indicate structural difficulties in maintaining standard trade terms, potentially limiting the company's bargaining power with key suppliers.
As reported in quarterly filings, the current ratio has tightened to 1.02 in 2026Q1, signaling that Jumia's ability to cover short-term obligations is becoming increasingly constrained as the company continues to burn through its remaining cash reserves to support its core retail and logistics operations.
The decline in the quick ratio to 0.93 suggests that the company's liquidity position is becoming highly dependent on inventory turnover, which is inherently risky in volatile frontier markets. Investors should monitor whether this tightening liquidity forces further, potentially value-destructive, capital-raising activities in the near future.
The most commonly misapplied metric for Jumia is the standard P/E ratio, which obscures the company's true economic reality by focusing on bottom-line earnings that are currently non-existent due to heavy investment in infrastructure and the ongoing rationalization of the firm's cost structure.
Using P/E to evaluate Jumia is fundamentally flawed because it ignores the company's transition from a pure-play retailer to a logistics and payments infrastructure provider. Analysts should instead focus on metrics like 'Fulfillment Expense per Order' or 'JumiaPay TPV' to better gauge the underlying health and scalability of the business model.
Includes 30+ ratios · 9 years · Updated daily
DCF models, multiple analysis, and analyst estimates.
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Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying JMIA stock.
Jumia Technologies AG's current P/E ratio is -6.8x. This places it at the 50th percentile of its historical range.
Jumia Technologies AG's return on equity (ROE) is -109.9%. The historical average is -110.8%.
Based on historical data, Jumia Technologies AG is trading at a P/E of -6.8x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Jumia Technologies AG has 52.8% gross margin and -33.9% operating margin.