Latest Ratios: P/E Ratio 154.7x · EV/EBITDA 9999.0x · ROE 0.7%. (2006–2025 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 | $95M | $83M | $179M | $98M | $133M | $205M | $190M | $124M | $70M | $50M | $31M |
| Enterprise Value | $62M | $50M | $155M | $82M | $131M | $217M | $203M | $153M | $108M | $86M | $40M |
| P/E Ratio → | 154.71 | 136.86 | 53.21 | — | 15.29 | 16.74 | 19.16 | 11.18 | 10.50 | 29.59 | 12.16 |
| P/S Ratio | 0.49 | 0.44 | 0.90 | 0.49 | 0.55 | 0.92 | 0.98 | 0.64 | 0.40 | 0.34 | 0.23 |
| P/B Ratio | 1.06 | 0.93 | 2.05 | 1.20 | 1.55 | 2.75 | 3.19 | 2.69 | 2.05 | 1.85 | 1.60 |
| P/FCF | 8.80 | 7.75 | 28.64 | 6.26 | 11.29 | 61.72 | 9.08 | 8.25 | — | 22.55 | 13.96 |
| P/OCF | 8.50 | 7.49 | 24.89 | 6.13 | 10.54 | 39.29 | 8.95 | 7.73 | — | 14.98 | 13.32 |
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 | — | 0.26 | 0.78 | 0.41 | 0.54 | 0.98 | 1.05 | 0.79 | 0.61 | 0.58 | 0.30 |
| EV / EBITDA | 9999.00 | 50437.00 | 21.26 | — | 7.98 | 10.03 | 11.95 | 7.48 | 7.28 | 14.27 | 7.18 |
| EV / EBIT | 9999.00 | 50437.00 | 26.31 | — | 9.62 | 14.57 | 14.45 | 14.13 | 10.45 | 21.06 | 8.79 |
| EV / FCF | — | 4.69 | 24.80 | 5.23 | 11.10 | 65.23 | 9.70 | 10.13 | — | 38.55 | 18.12 |
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 | 27.7% | 27.7% | 27.9% | 25.4% | 26.1% | 26.8% | 26.6% | 24.8% | 24.0% | 21.4% | 19.9% |
| Operating Margin | 0.0% | 0.0% | 1.9% | -4.6% | 5.0% | 7.9% | 6.9% | 8.8% | 6.6% | 2.8% | 3.4% |
| Net Profit Margin | 0.3% | 0.3% | 1.7% | -3.5% | 3.6% | 5.5% | 5.1% | 5.8% | 3.8% | 1.1% | 1.9% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 0.7% | 0.7% | 4.0% | -8.5% | 10.9% | 18.2% | 18.6% | 27.7% | 21.8% | 7.0% | 14.5% |
| ROA | 0.5% | 0.5% | 3.1% | -6.7% | 7.8% | 11.3% | 10.2% | 12.2% | 7.0% | 2.4% | 6.5% |
| ROIC | 0.0% | 0.0% | 4.4% | -9.3% | 10.8% | 16.7% | 13.7% | 17.4% | 13.0% | 6.7% | 12.1% |
| ROCE | 0.0% | 0.0% | 4.3% | -10.6% | 13.8% | 21.1% | 17.7% | 23.2% | 15.2% | 7.7% | 16.8% |
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 | 0.04 | 0.04 | 0.04 | 0.06 | 0.06 | 0.25 | 0.35 | 0.68 | 1.13 | 1.41 | 0.52 |
| Debt / EBITDA | 3559.00 | 3559.00 | 0.51 | — | 0.30 | 0.85 | 1.22 | 1.54 | 2.61 | 6.33 | 1.80 |
| Net Debt / Equity | — | -0.37 | -0.27 | -0.20 | -0.03 | 0.16 | 0.22 | 0.61 | 1.09 | 1.31 | 0.48 |
| Net Debt / EBITDA | -32974.00 | -32974.00 | -3.29 | — | -0.13 | 0.54 | 0.77 | 1.39 | 2.53 | 5.92 | 1.65 |
| Debt / FCF | — | -3.06 | -3.84 | -1.03 | -0.18 | 3.51 | 0.62 | 1.88 | — | 16.00 | 4.16 |
| Interest Coverage | — | — | — | — | 37.99 | 22.03 | 14.24 | 5.97 | — | — | — |
Net cash position: cash ($37M) exceeds total debt ($4M)
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 | 3.26 | 3.26 | 3.22 | 2.84 | 2.72 | 2.01 | 1.87 | 1.93 | 2.28 | 1.72 | 1.87 |
| Quick Ratio | 3.26 | 3.26 | 3.22 | 2.84 | 2.72 | 2.01 | 1.87 | 1.93 | 2.27 | 1.72 | 1.87 |
| Cash Ratio | 1.73 | 1.73 | 1.35 | 1.06 | 0.36 | 0.25 | 0.35 | 0.16 | 0.07 | 0.12 | 0.07 |
| Asset Turnover | — | 1.71 | 1.78 | 1.91 | 2.22 | 1.95 | 1.90 | 2.14 | 1.91 | 1.50 | 3.34 |
| Inventory Turnover | — | — | — | — | — | — | — | — | 647.29 | — | — |
| Days Sales Outstanding | — | 50.34 | 57.69 | 54.12 | 63.77 | 71.34 | 60.43 | 61.00 | 78.45 | 75.68 | 58.35 |
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 | 0.6% | 0.7% | 1.9% | — | 6.5% | 6.0% | 5.2% | 8.9% | 9.5% | 3.4% | 8.2% |
| FCF Yield | 11.4% | 12.9% | 3.5% | 16.0% | 8.9% | 1.6% | 11.0% | 12.1% | — | 4.4% | 7.2% |
| Buyback Yield | 2.4% | 2.7% | 0.0% | 0.6% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 2.4% | 2.7% | 0.0% | 0.6% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Shares Outstanding | — | $12M | $12M | $12M | $12M | $12M | $12M | $11M | $11M | $10M | $9M |
Cyclical IT Spending Sensitivity
According to current market data, MHH trades at a P/E of 145.69, which appears disconnected from its contracting revenue base and suggests that investors are pricing in a speculative turnaround rather than the current reality of break-even operating performance observed in recent quarterly filings.
The elevated P/E multiple relative to the company's lack of earnings growth indicates that the market may be assigning value to the firm's cash-rich balance sheet rather than its operational output. Investors should monitor whether this valuation premium can be sustained if the Data and Analytics segment fails to achieve the scale necessary to drive meaningful margin expansion.
Based on reported figures, MHH's ROIC has trended downward to 0.1% in 2026Q1, reflecting a significant decay in the company's ability to generate returns on its invested capital compared to the 2.7% peak observed in 2024Q3, as reported in historical financial statements.
The persistent decline in ROIC suggests that the capital deployed into the business is failing to generate adequate economic profit, likely due to the high cost of maintaining specialized talent in a period of revenue contraction. This trend warrants further investigation into whether the current asset base is being utilized effectively or if the firm is over-capitalized for its current project pipeline.
As reported in recent financial statements, MHH's asset turnover ratio has remained stagnant at 0.37 in 2026Q1, indicating that the firm is struggling to improve the velocity of its capital deployment despite its strategic pivot toward higher-margin consulting services.
The lack of improvement in asset turnover suggests that the company's operational efficiency is not scaling with its consulting ambitions. Investors should monitor the DSO trend, which remains elevated near 59 days, as this indicates that the firm may be facing collection delays that further constrain its working capital efficiency.
Based on an analysis of MHH's business model, the P/E ratio is the most commonly misapplied metric, as it obscures the impact of stock-based compensation and the volatility of project-based consulting revenue, which often masks the firm's true underlying earning power.
Because MHH operates with razor-thin margins, small fluctuations in operating expenses or non-cash charges like stock-based compensation can cause massive swings in the P/E ratio, rendering it an unreliable indicator of value. Analysts should instead focus on EV/Revenue or free cash flow yield to better assess the company's ability to convert its service-based revenue into actual cash for shareholders.
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Quick answers to the most common questions about buying MHH stock.
Mastech Digital, Inc.'s current P/E ratio is 154.7x. The historical average is 23.8x. This places it at the 100th percentile of its historical range.
Mastech Digital, Inc.'s current EV/EBITDA is 9999.0x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 8.5x.
Mastech Digital, Inc.'s return on equity (ROE) is 0.7%. The historical average is 20.9%.
Based on historical data, Mastech Digital, Inc. is trading at a P/E of 154.7x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Mastech Digital, Inc. has 27.7% gross margin and 0.0% operating margin.
Mastech Digital, Inc.'s Debt/EBITDA ratio is 3559.0x, indicating high leverage. A ratio above 4x may signal elevated financial risk.