Latest Ratios: P/E Ratio -5.4x · EV/EBITDA N/A · ROE -32.2%. (2019–2025 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 |
|---|---|---|---|---|---|---|---|---|
| Market Cap | $248M | $479M | $300M | $456M | $371M | $2.1B | — | — |
| Enterprise Value | $229M | $459M | $257M | $306M | $179M | $1.8B | — | — |
| P/E Ratio → | -5.38 | — | — | — | — | — | — | — |
| P/S Ratio | 1.58 | 3.05 | 2.07 | 3.31 | 2.75 | 18.14 | — | — |
| P/B Ratio | 1.86 | 3.74 | 2.04 | 2.28 | 1.66 | 7.72 | — | — |
| 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 |
|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 2.93 | 1.77 | 2.22 | 1.32 | 15.91 | — | — |
| 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 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 74.9% | 74.9% | 74.2% | 74.7% | 74.7% | 72.8% | 70.1% | 70.2% |
| Operating Margin | -30.7% | -30.7% | -42.6% | -36.1% | -53.1% | -20.8% | -32.9% | -62.5% |
| Net Profit Margin | -28.3% | -28.3% | -38.5% | -30.5% | -52.3% | -21.3% | -33.4% | -61.4% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| ROE | -32.2% | -32.2% | -32.1% | -19.9% | -28.7% | -28.0% | — | — |
| ROA | -25.1% | -25.1% | -27.1% | -17.3% | -26.0% | -13.3% | -39.8% | -83.1% |
| ROIC | -34.0% | -34.0% | -60.1% | -92.0% | -236.8% | -126.0% | — | — |
| ROCE | -33.4% | -33.4% | -34.0% | -22.6% | -28.6% | -14.2% | -48.1% | -113.7% |
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 |
|---|---|---|---|---|---|---|---|---|
| Debt / Equity | — | — | 0.06 | 0.05 | 0.05 | 0.00 | — | — |
| Debt / EBITDA | — | — | — | — | — | — | — | — |
| Net Debt / Equity | — | -0.15 | -0.29 | -0.75 | -0.86 | -0.95 | — | — |
| Net Debt / EBITDA | — | — | — | — | — | — | — | — |
| Debt / FCF | — | — | — | — | — | — | — | — |
| Interest Coverage | — | — | -98.72 | -247.26 | -148.22 | -43.93 | -49.00 | -239.50 |
Net cash position: cash ($20M) 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 |
|---|---|---|---|---|---|---|---|---|
| Current Ratio | 3.78 | 3.78 | 6.11 | 8.32 | 10.17 | 15.06 | 5.95 | 3.47 |
| Quick Ratio | 3.78 | 3.78 | 6.11 | 8.32 | 10.17 | 15.06 | 5.95 | 3.47 |
| Cash Ratio | 2.83 | 2.83 | 5.03 | 6.90 | 8.93 | 13.70 | 4.78 | 2.52 |
| Asset Turnover | — | 0.90 | 0.80 | 0.60 | 0.53 | 0.40 | 0.87 | 1.35 |
| Inventory Turnover | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | 59.62 | 58.25 | 71.35 | 61.34 | 66.21 | 68.86 | 55.34 |
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 |
|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | — | — | — |
| FCF Yield | — | — | — | — | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 6.7% | 0.0% | 0.1% | 0.0% | — | — |
| Total Shareholder Yield | 0.0% | 0.0% | 6.7% | 0.0% | 0.1% | 0.0% | — | — |
| Shares Outstanding | — | $62M | $60M | $60M | $59M | $58M | $57M | $57M |
Liquidity and capital exhaustion
According to current market data, LAW trades at a P/S multiple of 1.50, which, when viewed alongside its negative P/E of -5.11, suggests that investors are heavily discounting the company's future growth potential due to persistent operating losses and a lack of clear path to profitability.
The current valuation appears to reflect a 'growth-at-any-cost' discount, as the company's revenue expansion has not yet translated into meaningful bottom-line results. This multiple warrants caution, as it may be pricing in a recovery that remains contingent on successful AI-driven margin expansion rather than established operational performance.
Based on reported financial figures, LAW's ROIC has consistently remained in negative territory, reaching -7.0% in 2026Q1, which indicates that the company is currently destroying rather than compounding invested capital as it attempts to scale its cloud-native legal platform.
The persistent negative returns on capital suggest that the company's heavy investment in R&D and sales infrastructure has yet to reach an inflection point where returns exceed the cost of capital. Investors should monitor whether the integration of generative AI tools can eventually drive the efficiency gains necessary to reverse this multi-year trend of capital decay.
As reported in recent quarterly filings, LAW's asset turnover ratio has stagnated at approximately 0.25, highlighting a persistent inability to generate significant revenue from its existing asset base compared to broader software industry benchmarks.
The low asset turnover suggests that the company's infrastructure is underutilized relative to its high fixed cost base. While the DSO remains within a manageable range, the lack of improvement in asset efficiency implies that the company's current business model requires substantial scale to achieve operational leverage.
According to the latest balance sheet data, LAW's current ratio has declined from over 10.0 in early 2024 to 4.19 in 2026Q1, signaling a rapid depletion of the liquidity buffer that previously provided a cushion against operational volatility.
While a current ratio of 4.19 appears superficially healthy, the absolute decline in cash reserves against a backdrop of ongoing net losses suggests that the company's liquidity position is becoming increasingly fragile. This trend warrants close investigation, as it may necessitate dilutive financing if the company cannot achieve cash-flow neutrality in the near term.
Investors frequently misapply standard SaaS P/S multiples to LAW, failing to account for the high volatility of its usage-based revenue model, which often includes pass-through costs that inflate headline revenue without contributing to true economic value.
Using a simple P/S multiple obscures the underlying quality of revenue, as the 'DISCO Review' segment is more akin to a professional services business than a high-margin subscription model. Analysts should instead focus on the ratio of subscription-to-usage revenue to better gauge the durability of the company's top-line growth.
Includes 30+ ratios · 7 years · Updated daily
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Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying LAW stock.
CS Disco, Inc.'s current P/E ratio is -5.4x. This places it at the 50th percentile of its historical range.
CS Disco, Inc.'s return on equity (ROE) is -32.2%. The historical average is -28.2%.
Based on historical data, CS Disco, Inc. is trading at a P/E of -5.4x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
CS Disco, Inc. has 74.9% gross margin and -30.7% operating margin.