Latest Ratios: P/E Ratio -0.2x · EV/EBITDA N/A · ROE -11.4%. (2015–2025 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 | $2M | $4M | $59M | $173M | $373M | $663M | $457M | — | — | — | — |
| Enterprise Value | $19M | $124M | $-29896698 | $24M | $200M | $540M | $278M | — | — | — | — |
| P/E Ratio → | -0.16 | — | — | — | — | — | 115.64 | — | — | — | — |
| P/S Ratio | 2.62 | 0.83 | 1.81 | 3.40 | 9.03 | 19.24 | 17.76 | — | — | — | — |
| P/B Ratio | 0.12 | 0.02 | 0.41 | 1.10 | 1.47 | 5.57 | 1.24 | — | — | — | — |
| P/FCF | — | — | — | — | 9.41 | 23.37 | 10.03 | — | — | — | — |
| P/OCF | — | — | — | — | 9.11 | 21.65 | 9.23 | — | — | — | — |
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 | — | 28.86 | -0.91 | 0.46 | 4.84 | 15.69 | 10.81 | — | — | — | — |
| EV / EBITDA | — | — | — | — | — | 136.95 | 28.67 | — | — | — | — |
| EV / EBIT | — | — | — | — | — | — | 57.57 | — | — | — | — |
| EV / FCF | — | — | — | — | 5.04 | 19.05 | 6.10 | — | — | — | — |
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 | -38.7% | -38.7% | -9.3% | 7.8% | 2.3% | 49.6% | 58.2% | 64.5% | 37.1% | 42.6% | 39.2% |
| Operating Margin | -118.0% | -118.0% | -79.1% | -215.1% | -110.3% | -3.8% | 18.8% | 48.7% | 17.7% | 35.8% | 31.5% |
| Net Profit Margin | -395.4% | -395.4% | -75.1% | -249.2% | -18.8% | -708.0% | 130.7% | 351.7% | 19.2% | 41.5% | 34.8% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -11.4% | -11.4% | -16.3% | -61.7% | -4.2% | -100.2% | 12.5% | 32.0% | 71.8% | 70.6% | 138.8% |
| ROA | -4.3% | -4.3% | -5.4% | -24.3% | -1.4% | -38.8% | 6.5% | 16.6% | 28.7% | 20.9% | 22.3% |
| ROIC | -2.3% | -2.3% | -60.7% | -186.3% | -89.0% | -1.0% | 1.7% | 2.2% | 29.8% | 23.9% | 27.1% |
| ROCE | -1.8% | -1.8% | -7.5% | -27.1% | -15.4% | -0.5% | 1.8% | 4.4% | 60.1% | 44.0% | 53.6% |
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 | 0.87 | 0.87 | 0.90 | 0.49 | 0.29 | 0.65 | 0.07 | 0.49 | 0.69 | 1.00 | 1.64 |
| Debt / EBITDA | — | — | — | — | — | 19.52 | 2.57 | 7.39 | 0.85 | 2.00 | 1.98 |
| Net Debt / Equity | — | 0.78 | -0.61 | -0.95 | -0.68 | -1.03 | -0.49 | 0.34 | 0.67 | 0.66 | 1.46 |
| Net Debt / EBITDA | — | — | — | — | — | -31.03 | -18.43 | 5.20 | 0.82 | 1.32 | 1.76 |
| Debt / FCF | — | — | — | — | -4.37 | -4.32 | -3.92 | 1.29 | 2.25 | — | — |
| Interest Coverage | -10.53 | -10.53 | -8.95 | -23.84 | -6.56 | -0.54 | 5.48 | 3.79 | 14.36 | 10.45 | 10.28 |
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 | 0.28 | 0.28 | 2.10 | 2.37 | 2.46 | 0.73 | 1.35 | 0.46 | 0.17 | 0.33 | 0.09 |
| Quick Ratio | 0.28 | 0.28 | 2.10 | 2.36 | 2.45 | 0.73 | 1.35 | 0.45 | 0.17 | 0.33 | 0.09 |
| Cash Ratio | 0.10 | 0.10 | 1.96 | 2.20 | 1.84 | 0.48 | 0.57 | 0.34 | 0.05 | 0.27 | 0.07 |
| Asset Turnover | — | 0.01 | 0.07 | 0.12 | 0.07 | 0.06 | 0.04 | 0.04 | 1.61 | 0.43 | 0.55 |
| Inventory Turnover | — | — | — | 52.83 | 34.72 | 76.26 | 6.82 | 4.07 | 495.42 | 173.72 | 230.78 |
| Days Sales Outstanding | — | 1149.13 | 158.47 | 105.10 | 249.46 | 5.19 | 73.88 | 34.01 | 0.80 | 31.95 | 3.65 |
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 | — | — | — | — | — | — | 0.9% | — | — | — | — |
| FCF Yield | — | — | — | — | 10.6% | 4.3% | 10.0% | — | — | — | — |
| 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 | — | $2M | $1M | $785848 | $666670 | $666670 | $541667 | $500000 | $500000 | $66667 | $66667 |
Terminal operational viability risk
According to recent market data, LXEH trades at a P/S multiple of 2.62, which appears disconnected from its negative profitability and suggests that investors are pricing the company as a distressed asset rather than a viable, ongoing business entity with future growth prospects.
The P/B ratio of 0.12 indicates that the market assigns almost no value to the company's book assets, likely reflecting deep skepticism regarding the recoverability of campus infrastructure and other legacy holdings. This valuation profile suggests that the market is effectively ignoring traditional earnings-based metrics in favor of a liquidation-style assessment of the remaining cash position.
As reported in financial statements, LXEH's gross margin has deteriorated to -19.0%, indicating that the company's current pivot into food procurement and IT services is failing to generate positive unit economics compared to its historical education-based operating model.
The deeply negative operating margin of -94.6% suggests that the company's fixed cost base remains far too large for its current, diminished revenue scale. This persistent inability to achieve positive gross margins warrants further investigation into whether the new business lines are structurally loss-making or merely suffering from initial implementation inefficiencies.
Based on the most recent quarterly figures, LXEH's ROIC has plummeted to -40.1%, reflecting a severe decay in the company's ability to generate returns on its invested capital following the regulatory-driven divestment of its core compulsory education assets.
The consistent trend of negative ROIC over the last ten quarters highlights a fundamental destruction of shareholder value that has accelerated during the company's pivot. Investors should monitor whether any future capital allocation toward vocational training can reverse this trend, or if the current asset base is permanently impaired.
According to reported figures, LXEH's asset turnover ratio has languished at 0.04, signaling that the company's physical and intangible assets are currently generating negligible revenue compared to their historical levels prior to the regulatory pivot.
The extremely low asset turnover suggests that the company is carrying significant idle capacity, particularly regarding its campus facilities which are no longer utilized for their original purpose. This inefficiency implies that the company is effectively a 'hollowed-out' entity, struggling to repurpose its existing footprint into a revenue-generating engine.
The current ratio of 2.10 is frequently misapplied by observers to suggest liquidity strength, yet this metric obscures the reality that the company's assets are likely illiquid and its cash burn rate is rapidly depleting the available capital buffer.
Investors should instead focus on the cash burn rate relative to the $12.7M cash position, as the current ratio fails to account for the lack of operational cash flow generation. Relying on standard liquidity ratios in this context provides a false sense of security that ignores the company's terminal operational distress.
Includes 30+ ratios · 11 years · Updated daily
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Quick answers to the most common questions about buying LXEH stock.
Lixiang Education Holding Co., Ltd.'s current P/E ratio is -0.2x. The historical average is 115.6x.
Lixiang Education Holding Co., Ltd.'s return on equity (ROE) is -11.4%. The historical average is 39.8%.
Based on historical data, Lixiang Education Holding Co., Ltd. is trading at a P/E of -0.2x. Compare with industry peers and growth rates for a complete picture.
Lixiang Education Holding Co., Ltd. has -38.7% gross margin and -118.0% operating margin.