Latest Ratios: P/E Ratio -45.7x · EV/EBITDA N/A · ROE -1.4%. (2021–2025 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 |
|---|---|---|---|---|---|---|
| Market Cap | $4M | $11M | $8M | — | — | — |
| Enterprise Value | $4M | $11M | $9M | — | — | — |
| P/E Ratio → | -45.68 | — | — | — | — | — |
| P/S Ratio | 126.24 | 335.60 | 0.81 | — | — | — |
| P/B Ratio | 20.34 | 103.70 | 1.18 | — | — | — |
| 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 |
|---|---|---|---|---|---|---|
| EV / Revenue | — | 336.24 | 0.90 | — | — | — |
| EV / EBITDA | — | — | 39.34 | — | — | — |
| 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 |
|---|---|---|---|---|---|---|
| Gross Margin | 71.7% | 71.7% | 40.5% | 14.6% | 16.8% | 16.4% |
| Operating Margin | -90.4% | -90.4% | -0.7% | -5.5% | 6.4% | 5.7% |
| Net Profit Margin | -144.5% | -144.5% | -4.3% | -5.1% | 4.8% | 4.9% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| ROE | -1.4% | -1.4% | -8.4% | -20.9% | 47.8% | 43.6% |
| ROA | -0.8% | -0.8% | -3.8% | -6.6% | 12.8% | 9.9% |
| ROIC | -0.6% | -0.6% | -0.8% | -13.2% | 32.2% | 15.8% |
| ROCE | -0.7% | -0.7% | -1.1% | -12.3% | 26.7% | 17.1% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Debt / Equity | 0.24 | 0.24 | 0.42 | 0.90 | 1.22 | 2.45 |
| Debt / EBITDA | — | — | 12.52 | — | 2.24 | 4.63 |
| Net Debt / Equity | — | 0.20 | 0.13 | 0.59 | -0.13 | 1.42 |
| Net Debt / EBITDA | — | — | 4.00 | — | -0.23 | 2.69 |
| Debt / FCF | — | — | — | — | -0.50 | — |
| Interest Coverage | -1.86 | -1.86 | — | -6.79 | 15.35 | 10.76 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Current Ratio | 5.08 | 5.08 | 2.73 | 1.82 | 1.93 | 1.74 |
| Quick Ratio | 4.80 | 4.80 | 2.71 | 1.68 | 1.93 | 1.55 |
| Cash Ratio | 0.18 | 0.18 | 0.46 | 0.24 | 1.00 | 0.74 |
| Asset Turnover | — | 0.24 | 0.81 | 1.20 | 2.43 | 2.04 |
| Inventory Turnover | 1.29 | 1.29 | 92.31 | 16.00 | 5964.78 | 29.33 |
| Days Sales Outstanding | — | 482.78 | 252.38 | 72.33 | 45.25 | 33.17 |
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 |
|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | — |
| FCF Yield | — | — | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | — | — | — |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | — | — | — |
| Shares Outstanding | — | $6M | $2M | $2M | $2M | $2M |
Imminent Going Concern Risk
According to recent market data, LGCB trades at a P/S ratio of 134.60, a figure that appears disconnected from the company's 99.67% revenue decline and suggests that investors may be mispricing the firm as a viable operating entity rather than a distressed asset with minimal remaining value.
The extreme P/S multiple is likely a mathematical artifact of the near-total revenue evaporation rather than an indicator of growth potential. Investors should monitor whether the company's remaining assets hold any residual value, as the current valuation appears to ignore the severe risk of total equity impairment.
As reported in financial statements, LGCB's operating margin plummeted to -186.2% in 2025Q4, demonstrating that the company's fixed cost structure remains entirely misaligned with its current, negligible revenue base, resulting in extreme operating deleverage that threatens the firm's ability to maintain its public listing status.
The disparity between the 61.2% gross margin and the deeply negative operating margin suggests that the company's overhead is no longer supported by its transactional service model. This indicates that the business has lost the scale necessary to cover its fixed administrative costs, rendering its current operational footprint unsustainable.
Based on LGCB's reported figures, the ROIC has deteriorated to -0.2% in 2025Q4, reflecting a total failure to generate returns on invested capital as the company's asset base has been rapidly liquidated to fund ongoing operational losses during this period of extreme business contraction.
The shift from a positive 10.4% ROIC in 2023Q2 to current negative levels highlights a fundamental destruction of shareholder value. This trend suggests that any remaining capital is being consumed by operating deficits rather than being deployed into productive, return-generating activities.
According to recent SEC filings, the company's cash conversion cycle has ballooned to 43,677 days in 2025Q4, an extreme outlier that suggests a complete breakdown in the firm's ability to collect receivables or manage its inventory effectively within the Japan-China cross-border trade corridor.
The massive increase in DSO and DIO metrics implies that the company is no longer effectively cycling its working capital, likely due to the cessation of active trade flows. This inefficiency serves as a clear indicator that the underlying business processes have effectively stalled.
As reported in financial statements, the company's cash reserves have dwindled to a precarious $4,974, a figure that, when viewed alongside persistent operating losses, suggests an imminent liquidity crisis that may force the company into insolvency or necessitate highly dilutive financing to maintain basic operations.
While the current ratio of 5.08 might appear healthy in isolation, it is heavily skewed by the lack of meaningful current liabilities relative to the near-total absence of liquid assets. Investors should treat this liquidity position as highly vulnerable, as the company lacks the cash buffer to survive even minor operational disruptions.
Analysts frequently misapply the 71.65% gross margin as a sign of operational health, yet this metric obscures the reality that LGCB's revenue has effectively vanished, rendering high margins irrelevant in the context of a business that can no longer cover its fixed operating expenses.
Investors should instead focus on the absolute dollar amount of operating cash flow and the burn rate, as these metrics provide a more accurate picture of the company's survival prospects. The gross margin is a legacy indicator that fails to account for the current, hollowed-out state of the business model.
Includes 30+ ratios · 5 years · Updated daily
DCF models, multiple analysis, and analyst estimates.
10-year return with dividends reinvested.
See how regular investing compounds over time.
Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying LGCB stock.
Linkage Global Inc Ordinary Shares's current P/E ratio is -45.7x. This places it at the 50th percentile of its historical range.
Linkage Global Inc Ordinary Shares's return on equity (ROE) is -1.4%. The historical average is 12.1%.
Based on historical data, Linkage Global Inc Ordinary Shares is trading at a P/E of -45.7x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Linkage Global Inc Ordinary Shares has 71.7% gross margin and -90.4% operating margin.