Latest Ratios: P/E Ratio -7.6x · EV/EBITDA 50.3x · ROE -12.2%. (2014–2025 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 | $668M | $585M | $420M | $555M | — | — | — | — | — | — | — |
| Enterprise Value | $697M | $613M | $491M | $614M | — | — | — | — | — | — | — |
| P/E Ratio → | -7.60 | — | 44.86 | 7.17 | — | — | — | — | — | — | — |
| P/S Ratio | 1.25 | 1.09 | 0.63 | 0.80 | — | — | — | — | — | — | — |
| P/B Ratio | 0.81 | 1.21 | 1.16 | 1.50 | — | — | — | — | — | — | — |
| P/FCF | — | — | 9.59 | 7.10 | — | — | — | — | — | — | — |
| P/OCF | 339.38 | 297.03 | 3.73 | 3.45 | — | — | — | — | — | — | — |
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 | — | 1.14 | 0.74 | 0.89 | — | — | — | — | — | — | — |
| EV / EBITDA | 50.25 | 44.24 | 5.86 | 4.07 | — | — | — | — | — | — | — |
| EV / EBIT | — | — | 23.33 | 5.41 | — | — | — | — | — | — | — |
| EV / FCF | — | — | 11.20 | 7.86 | — | — | — | — | — | — | — |
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 | 2.5% | 2.5% | 9.9% | 20.8% | 33.7% | 21.6% | 1.1% | 20.7% | 16.7% | -5.4% | -1.5% |
| Operating Margin | -10.4% | -10.4% | 2.5% | 13.7% | 26.6% | 13.9% | -11.3% | 12.8% | 10.6% | -26.0% | -144.4% |
| Net Profit Margin | -9.6% | -9.6% | 1.7% | 11.9% | 20.5% | 14.0% | -2.9% | 10.8% | 11.0% | -25.3% | -144.1% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -12.2% | -12.2% | 3.1% | 24.3% | 44.6% | 20.9% | -2.9% | 16.0% | 19.7% | -15.6% | -16.6% |
| ROA | -5.7% | -5.7% | 1.7% | 13.0% | 25.1% | 14.3% | -2.2% | 12.0% | 14.9% | -11.5% | -10.8% |
| ROIC | -8.9% | -8.9% | 2.9% | 17.0% | 34.5% | 14.1% | -8.0% | 13.8% | 14.4% | -12.1% | -10.6% |
| ROCE | -7.1% | -7.1% | 3.2% | 20.5% | 42.0% | 16.4% | -9.5% | 16.5% | 17.0% | -13.8% | -12.2% |
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 | 0.97 | 0.97 | 0.29 | 0.27 | 0.45 | 0.24 | 0.10 | 0.08 | 0.07 | — | 0.13 |
| Debt / EBITDA | 33.82 | 33.82 | 1.24 | 0.67 | 0.72 | 0.78 | 7.35 | 0.27 | 0.26 | — | — |
| Net Debt / Equity | — | 0.06 | 0.19 | 0.16 | 0.33 | 0.14 | 0.07 | 0.04 | 0.02 | -0.05 | 0.07 |
| Net Debt / EBITDA | 2.06 | 2.06 | 0.84 | 0.39 | 0.54 | 0.45 | 5.13 | 0.15 | 0.07 | — | — |
| Debt / FCF | — | — | 1.61 | 0.76 | 1.59 | — | — | — | — | — | — |
| Interest Coverage | -6.96 | -6.96 | 3.44 | 12.76 | 22.41 | 18.37 | -5.86 | 26.23 | 18.22 | -673.95 | -59.61 |
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 | 5.46 | 5.46 | 1.37 | 1.12 | 0.91 | 1.86 | 1.46 | 1.68 | 1.17 | 1.31 | 4.12 |
| Quick Ratio | 4.66 | 4.66 | 1.02 | 0.90 | 0.63 | 1.52 | 1.05 | 1.10 | 0.70 | 0.87 | 4.02 |
| Cash Ratio | 4.02 | 4.02 | 0.27 | 0.25 | 0.22 | 0.47 | 0.18 | 0.21 | 0.23 | 0.50 | 3.94 |
| Asset Turnover | — | 0.47 | 0.99 | 1.04 | 0.95 | 0.86 | 0.74 | 1.01 | 1.21 | 0.41 | 0.04 |
| Inventory Turnover | 6.00 | 6.00 | 13.85 | 14.78 | 8.34 | 14.07 | 13.98 | 11.96 | 13.36 | 6.40 | 3.49 |
| Days Sales Outstanding | — | 36.97 | 40.31 | 50.98 | 26.57 | 57.25 | 43.86 | 30.53 | 17.21 | 42.85 | 64.02 |
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 | 1.1% | 0.7% | 5.9% | 4.7% | — | — | — | — | — | — | — |
| Payout Ratio | — | — | 219.8% | 31.4% | 17.3% | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | 2.2% | 14.0% | — | — | — | — | — | — | — |
| FCF Yield | — | — | 10.4% | 14.1% | — | — | — | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | — | — | — | — | — | — | — |
| Total Shareholder Yield | 1.1% | 0.7% | 5.9% | 4.7% | — | — | — | — | — | — | — |
| Shares Outstanding | — | $50M | $45M | $45M | $45M | $44M | $42M | $41M | $40M | $38M | $39M |
Capital intensive pivot risks
Based on reported figures, the company's EV/EBITDA multiple of 59.61 significantly exceeds peer averages, suggesting that market participants are pricing in the potential of the Brook Mine's rare earth element initiatives rather than the current, loss-making metallurgical coal operations that define the firm's immediate financial reality.
The disconnect between the negative P/E of -9.08 and the elevated EV/EBITDA multiple indicates that investors are effectively ignoring near-term earnings volatility in favor of long-term optionality. This valuation profile implies that the market views the company as a technology-adjacent exploration play, which warrants caution given the lack of proven commercial-scale revenue from non-coal assets.
As reported in financial statements, the company's ROIC has shifted from a positive 6.5% in 2023Q4 to a negative 3.4% in 2026Q1, reflecting a rapid decay in the efficiency of capital deployment as the firm pivots toward high-cost development projects that have yet to generate returns.
The decline in ROIC suggests that the capital being poured into the Brook Mine and other development-stage assets is currently diluting the company's overall return profile. Investors should monitor whether this trend reverses as these projects move from the development phase to operational status, or if the current capital intensity will continue to suppress shareholder value.
According to recent quarterly filings, the cash conversion cycle has expanded from 32 days in 2023Q4 to 78 days in 2026Q1, indicating that the company is facing increasing friction in its operational cycle, likely due to inventory accumulation and slower collection of receivables from international export markets.
The lengthening of the CCC suggests that the company's working capital management is becoming less efficient, which exacerbates the cash burn observed in the core coal business. This trend warrants further investigation into whether the buildup in inventory is a strategic choice to capture future price spikes or a sign of weakening demand for the company's specific coal grades.
Based on the company's reported figures, the debt-to-equity ratio has climbed to 1.07 in 2026Q1 from 0.27 in 2023Q4, signaling that the firm is increasingly relying on external financing to fund its operations and development initiatives during a period of sustained negative operating margins.
While the current cash position provides a temporary buffer, the rapid increase in leverage is concerning given the lack of positive interest coverage. The company's ability to service this debt may become strained if the metallurgical coal market remains depressed and the rare earth element pivot fails to yield timely cash flows.
The most commonly misapplied metric for this business model is the traditional P/E ratio, which obscures the company's true value by failing to account for the heavy, non-recurring development expenditures currently being funneled into the Brook Mine's rare earth element and carbon-to-products initiatives.
Using a P/E ratio for a company in a heavy investment phase is misleading because it treats growth-oriented capital expenditures as simple operational costs, thereby artificially depressing earnings. Analysts should instead focus on EV/EBITDA or a sum-of-the-parts valuation that separates the cyclical coal business from the speculative, high-growth potential of the critical minerals segment.
Includes 30+ ratios · 12 years · Updated daily
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Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying METCB stock.
Ramaco Resources, Inc.'s current P/E ratio is -7.6x. The historical average is 26.0x.
Ramaco Resources, Inc.'s current EV/EBITDA is 50.3x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 18.1x.
Ramaco Resources, Inc.'s return on equity (ROE) is -12.2%. The historical average is -0.1%.
Based on historical data, Ramaco Resources, Inc. is trading at a P/E of -7.6x. Compare with industry peers and growth rates for a complete picture.
Ramaco Resources, Inc.'s current dividend yield is 1.11%.
Ramaco Resources, Inc. has 2.5% gross margin and -10.4% operating margin.
Ramaco Resources, Inc.'s Debt/EBITDA ratio is 33.8x, indicating high leverage. A ratio above 4x may signal elevated financial risk.