Latest Ratios: P/E Ratio -0.6x · EV/EBITDA 5.6x · ROE N/A. (2016–2025 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 | $49M | $35M | $81M | $177M | $196M | $27M | $55M | $90M | $526M | — | — |
| Enterprise Value | $362M | $348M | $334M | $430M | $489M | $336M | $258M | $210M | $605M | — | — |
| P/E Ratio → | -0.60 | — | — | 9.23 | — | — | — | — | 36.60 | — | — |
| P/S Ratio | 0.08 | 0.06 | 0.11 | 0.20 | 0.25 | 0.06 | 0.20 | 0.17 | 1.06 | — | — |
| P/B Ratio | — | — | — | 4.56 | — | — | 1.70 | 0.29 | 1.55 | — | — |
| P/FCF | — | — | — | 3.02 | — | — | — | — | — | — | — |
| P/OCF | 6.58 | 4.71 | 1.49 | 1.53 | 12.46 | — | — | 1.55 | 8.49 | — | — |
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 | — | 0.55 | 0.47 | 0.48 | 0.63 | 0.77 | 0.93 | 0.39 | 1.22 | — | — |
| EV / EBITDA | 5.58 | 5.36 | 4.25 | 3.31 | 5.48 | — | — | 5.92 | 9.51 | — | — |
| EV / EBIT | — | — | — | 7.32 | 15.05 | — | — | — | 27.37 | — | — |
| EV / FCF | — | — | — | 7.34 | — | — | — | — | — | — | — |
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 | 6.3% | 6.3% | 22.5% | 24.3% | 20.5% | -1.5% | -13.7% | 13.6% | 25.2% | 16.0% | -19.1% |
| Operating Margin | -4.8% | -4.8% | -2.2% | 6.4% | 4.2% | -14.0% | -108.8% | -5.3% | 4.5% | -7.5% | -58.8% |
| Net Profit Margin | -12.1% | -12.1% | -7.5% | 2.2% | -0.4% | -21.5% | -120.0% | -17.7% | 2.9% | -7.5% | -58.9% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | — | — | -374.6% | 167.0% | — | — | -193.0% | -29.5% | 5.1% | -12.0% | -50.3% |
| ROA | -19.4% | -19.4% | -10.6% | 3.8% | -0.7% | -25.0% | -67.4% | -14.9% | 3.0% | -10.1% | -43.7% |
| ROIC | -9.4% | -9.4% | -4.3% | 15.0% | 9.1% | -18.6% | -67.7% | -5.1% | 5.1% | -8.9% | -37.7% |
| ROCE | -11.4% | -11.4% | -4.5% | 16.6% | 11.3% | -22.2% | -71.4% | -5.0% | 5.4% | -11.8% | -49.9% |
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 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | — | — | — | 9.42 | — | — | 7.79 | 0.78 | 0.71 | — | — |
| Debt / EBITDA | 4.90 | 4.90 | 4.39 | 2.82 | 3.93 | — | — | 6.86 | 3.81 | — | — |
| Net Debt / Equity | — | — | — | 6.52 | — | — | 6.33 | 0.38 | 0.23 | 0.00 | 0.00 |
| Net Debt / EBITDA | 4.82 | 4.82 | 3.23 | 1.95 | 3.29 | — | — | 3.38 | 1.23 | 0.00 | — |
| Debt / FCF | — | — | — | 4.32 | — | — | — | — | — | — | — |
| Interest Coverage | -0.67 | -0.67 | -0.33 | 1.61 | 0.93 | -2.18 | -9.81 | -2.59 | 3.11 | — | — |
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 | 1.19 | 1.19 | 1.66 | 1.77 | 1.65 | 1.34 | 1.94 | 3.53 | 3.62 | 1.79 | 1.58 |
| Quick Ratio | 0.94 | 0.94 | 1.44 | 1.56 | 1.48 | 1.16 | 1.67 | 3.34 | 3.44 | 1.58 | 1.21 |
| Cash Ratio | 0.05 | 0.05 | 0.65 | 0.69 | 0.37 | 0.23 | 0.61 | 1.91 | 1.92 | — | — |
| Asset Turnover | — | 1.87 | 1.55 | 1.65 | 1.68 | 1.12 | 0.76 | 0.87 | 0.74 | 1.17 | 0.74 |
| Inventory Turnover | 19.44 | 19.44 | 17.73 | 20.07 | 24.18 | 19.75 | 15.13 | 39.17 | 24.05 | 26.38 | 19.49 |
| Days Sales Outstanding | — | 58.88 | 49.86 | 52.18 | 72.06 | 86.37 | 88.35 | 53.14 | 88.14 | 84.16 | 73.14 |
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 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 | — | — | — | 10.8% | — | — | — | — | 2.7% | — | — |
| FCF Yield | — | — | — | 33.1% | — | — | — | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.5% | 0.2% | 0.2% | 1.1% | 0.7% | 2.4% | 0.0% | — | — |
| Total Shareholder Yield | 0.0% | 0.0% | 0.5% | 0.2% | 0.2% | 1.1% | 0.7% | 2.4% | 0.0% | — | — |
| Shares Outstanding | — | $19M | $16M | $16M | $11M | $9M | $7M | $4M | $4M | $4M | $4M |
Imminent liquidity and solvency
Based on current market data, KLXE trades at a P/S multiple of 0.08x, a valuation level that suggests investors are pricing in significant terminal risk rather than growth potential, as the company struggles to maintain positive earnings in a highly cyclical and capital-intensive oilfield services environment.
The negative P/E ratio and lack of forward earnings estimates underscore the market's skepticism regarding the company's ability to return to profitability. This valuation discount relative to peers like WTTR suggests that the market views KLXE as a high-beta, distressed asset rather than a viable long-term compounder.
According to recent financial disclosures, KLXE's ROIC has remained consistently negative, reaching -3.9% in 2026Q1, which indicates that the company is failing to generate returns above its cost of capital and is effectively destroying shareholder value through its current operational and capital allocation strategy.
The inability to achieve positive ROIC over the past ten quarters suggests that the company's heavy investment in rental equipment is not yielding sufficient incremental revenue. This trend warrants further investigation into whether the current asset base is fundamentally misaligned with the requirements of the modern US onshore market.
As reported in quarterly filings, KLXE's cash conversion cycle has fluctuated between 29 and 41 days, reflecting an inability to optimize its working capital despite the significant contraction in top-line activity levels observed across its core geographic segments in the Southwest and Rocky Mountains.
The DSO hovering around 60 days suggests that the company lacks the leverage to accelerate collections from its E&P operator clients. This inefficiency, combined with a low asset turnover ratio of 0.43x, implies that the company is struggling to extract maximum utility from its existing equipment fleet.
Based on the most recent balance sheet data, the company's current ratio has compressed to 1.25x, while cash reserves have dwindled to $5.7 million, leaving the firm with a razor-thin margin of safety to navigate the ongoing volatility in the US onshore rig count.
The rapid erosion of liquidity suggests that the company may soon face difficulty meeting its short-term obligations without external intervention. Investors should monitor the company's ability to manage its payables, as any further tightening in supplier terms could trigger an immediate and severe liquidity crisis.
While the EV/EBITDA multiple of 5.55x might appear attractive to some analysts, this metric is fundamentally misapplied to KLXE because it ignores the company's massive negative net income and the urgent, non-discretionary nature of its maintenance capital expenditures required to keep the fleet operational.
Using EBITDA as a proxy for cash flow in this context is misleading, as it fails to account for the heavy depreciation and interest burdens that are currently consuming the company's limited resources. A more appropriate focus would be on free cash flow generation and debt-to-liquidity ratios to assess the company's actual survival prospects.
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Quick answers to the most common questions about buying KLXE stock.
KLX Energy Services Holdings, Inc.'s current P/E ratio is -0.6x. The historical average is 22.9x.
KLX Energy Services Holdings, Inc.'s current EV/EBITDA is 5.6x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 5.6x.
Based on historical data, KLX Energy Services Holdings, Inc. is trading at a P/E of -0.6x. Compare with industry peers and growth rates for a complete picture.
KLX Energy Services Holdings, Inc. has 6.3% gross margin and -4.8% operating margin.
KLX Energy Services Holdings, Inc.'s Debt/EBITDA ratio is 4.9x, indicating high leverage. A ratio above 4x may signal elevated financial risk.