Latest Ratios: P/E Ratio -1.8x · EV/EBITDA N/A · ROE -369.2%. (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 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $58M | $54M | $23M | $9M | $2M | — | — | — | — | — | — |
| Enterprise Value | $39M | $35M | $15M | $-2417558 | $-26489625 | — | — | — | — | — | — |
| P/E Ratio → | -1.79 | — | — | — | — | — | — | — | — | — | — |
| P/S Ratio | 17.11 | 16.05 | 7.28 | 4.27 | 1.45 | — | — | — | — | — | — |
| P/B Ratio | 4.83 | 6.12 | 5.75 | 1.21 | 0.13 | — | — | — | — | — | — |
| 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 | FY 2018 | FY 2017 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 10.53 | 4.65 | -1.10 | -16.39 | — | — | — | — | — | — |
| 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 | FY 2018 | FY 2017 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 53.2% | 53.2% | 57.6% | 58.9% | 62.3% | 54.6% | 52.4% | 63.9% | 70.5% | 72.9% | 79.4% |
| Operating Margin | -300.0% | -300.0% | -127.2% | -333.3% | -395.3% | -90.7% | -172.5% | -131.5% | -138.9% | -303.8% | -117.1% |
| Net Profit Margin | -705.4% | -705.4% | -251.9% | -208.1% | -21.1% | -75.6% | -134.6% | -106.0% | -120.3% | -400.7% | -65.9% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -369.2% | -369.2% | -136.1% | -35.7% | -3.2% | -104.7% | -77.2% | -82.2% | -57.9% | -79.0% | -18.2% |
| ROA | -150.3% | -150.3% | -73.7% | -0.0% | -0.0% | -53.3% | -40.9% | -53.0% | -45.6% | -69.0% | -15.3% |
| ROIC | — | — | — | — | — | -1450.9% | -455.0% | -38750.1% | — | — | — |
| ROCE | -72.7% | -72.7% | -49.6% | -0.1% | -0.1% | -86.6% | -69.1% | -81.6% | -60.3% | -56.7% | -31.1% |
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 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.05 | 0.05 | 0.06 | 0.07 | 0.05 | 0.19 | 0.41 | 0.21 | — | — | — |
| Debt / EBITDA | — | — | — | — | — | — | — | — | — | — | — |
| Net Debt / Equity | — | -2.10 | -2.08 | -1.52 | -1.61 | -1.01 | -0.82 | -0.85 | -1.15 | -1.10 | -1.02 |
| Net Debt / EBITDA | — | — | — | — | — | — | — | — | — | — | — |
| Debt / FCF | — | — | — | — | — | — | — | — | — | — | — |
| Interest Coverage | -2559.21 | -2559.21 | -289.17 | -302.60 | -3.96 | -49.35 | -226.32 | -76.51 | — | -13.26 | -343.40 |
Net cash position: cash ($19M) exceeds total debt ($437148)
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 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 8.51 | 8.51 | 7.29 | 3.81 | 6790.16 | 3.56 | 2.83 | 3.94 | 5.97 | 9.91 | 18.13 |
| Quick Ratio | 8.20 | 8.20 | 6.67 | 3.46 | 6789.84 | 3.22 | 2.21 | 3.63 | 5.52 | 9.57 | 17.90 |
| Cash Ratio | 8.01 | 8.01 | 5.94 | 4.08 | 9.80 | 2.74 | 1.91 | 2.85 | 5.03 | 9.09 | 16.98 |
| Asset Turnover | — | 0.16 | 0.29 | 0.20 | 0.00 | 0.62 | 0.41 | 0.44 | 0.47 | 0.17 | 0.15 |
| Inventory Turnover | 2.13 | 2.13 | 1.51 | 0.66 | 0.63 | 3.42 | 1.10 | 2.33 | 1.89 | 1.36 | 2.32 |
| Days Sales Outstanding | — | 37.77 | 108.93 | 162.65 | 293.56 | 68.52 | 75.82 | 137.09 | 63.94 | 101.75 | 126.19 |
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 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | — | — | — | — | — | — |
| FCF Yield | — | — | — | — | — | — | — | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.2% | 0.0% | — | — | — | — | — | — |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.2% | 0.0% | — | — | — | — | — | — |
| Shares Outstanding | — | $9M | $6M | $5M | $2M | $1M | $937950 | $2M | $790629 | $984646 | $3M |
Persistent operating cash burn
Based on reported figures, Mobilicom trades at a price-to-sales ratio of 17.39, which suggests the market is pricing the company as a high-growth technology platform rather than a traditional communications equipment manufacturer, despite the lack of consistent profitability or positive free cash flow generation to date.
The elevated P/S multiple reflects investor optimism regarding the company's proprietary cybersecurity and datalink stack rather than current financial performance. Investors should monitor whether this valuation can be sustained if revenue growth fails to accelerate significantly beyond current project-based procurement cycles.
As reported in financial statements, Mobilicom maintains a gross margin of 51.8% as of 2025Q4, yet the company continues to struggle with an operating margin deficit, indicating that the current revenue scale is insufficient to absorb the high fixed costs of its specialized R&D-heavy business model.
The disparity between gross and operating margins suggests that while the product itself commands a healthy markup, the company has not yet achieved the operational leverage required for profitability. Future margin expansion appears contingent on scaling software licensing revenue to dilute the impact of fixed engineering expenses.
According to recent SEC filings, Mobilicom's cash conversion cycle reached 87 days in 2025Q4, reflecting the inherent challenges of managing inventory and receivables within a project-based defense procurement environment that often results in lumpy cash inflows and extended payment cycles from government-linked customers.
The fluctuation in the cash conversion cycle, which has ranged from 87 to 395 days over the last ten quarters, highlights the difficulty in predicting working capital needs. This volatility warrants close monitoring, as it directly impacts the company's ability to manage its liquidity without relying on external financing.
Based on the most recent 2025Q4 data, Mobilicom maintains a current ratio of 8.51, which provides a substantial liquidity buffer relative to its current liabilities, though this position remains highly sensitive to the company's ongoing inability to generate positive operating cash flow from its core business activities.
The strong current ratio suggests that the company is well-positioned to meet its short-term obligations, provided that the current cash balance is not depleted by sustained operating losses. Investors should remain cautious, as the liquidity position is largely a function of previous capital raises rather than operational success.
As indicated by the financial records, the use of P/E ratios to evaluate Mobilicom is fundamentally flawed, as the company's persistent net losses and early-stage development phase render earnings-based metrics meaningless for assessing the true value of its proprietary communication and cybersecurity technology stack.
Analysts should instead focus on metrics like 'burn-to-runway' or 'software attach rates' to gauge the company's progress toward commercial viability. Relying on P/E multiples obscures the reality that the company is currently in a capital-intensive investment phase where cash burn is a deliberate, albeit risky, strategic choice.
Includes 30+ ratios · 11 years · Updated daily
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Quick answers to the most common questions about buying MOB stock.
Mobilicom Ltd's current P/E ratio is -1.8x. This places it at the 50th percentile of its historical range.
Mobilicom Ltd's return on equity (ROE) is -369.2%. The historical average is -96.3%.
Based on historical data, Mobilicom Ltd is trading at a P/E of -1.8x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Mobilicom Ltd has 53.2% gross margin and -300.0% operating margin.