Latest Ratios: P/E Ratio -2.2x · EV/EBITDA 22.7x · ROE -15.6%. (2012–2024 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $21M | $33M | $46M | $40M | $215M | $109M | $66M | $53M | $89M | $26M | $38M |
| Enterprise Value | $75M | $110M | $118M | $99M | $236M | $188M | $193M | $162M | $158M | $93M | $87M |
| P/E Ratio → | -2.21 | — | — | — | — | — | — | — | — | — | — |
| P/S Ratio | 0.42 | 0.47 | 0.70 | 0.59 | 3.75 | 2.46 | 1.10 | 0.86 | 1.83 | 0.52 | 0.88 |
| P/B Ratio | 0.37 | 0.41 | 0.49 | 0.36 | 0.80 | 20.79 | 37.42 | 0.53 | 1.08 | 0.35 | 1.91 |
| P/FCF | — | — | — | — | — | 2.79 | — | — | — | — | — |
| P/OCF | — | — | — | — | — | 2.48 | — | — | — | — | — |
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 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.55 | 1.82 | 1.43 | 4.11 | 4.25 | 3.23 | 2.64 | 3.25 | 1.87 | 2.01 |
| EV / EBITDA | 22.72 | 23.41 | 22.83 | — | — | 19.69 | 43.97 | 2.24 | 2.42 | 1.87 | — |
| EV / EBIT | — | — | — | — | — | — | 21.56 | — | — | — | — |
| EV / FCF | — | — | — | — | — | 4.83 | — | — | — | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 65.6% | 65.6% | 71.5% | 67.1% | 80.0% | 80.2% | 68.6% | 63.4% | 67.4% | 61.6% | 62.3% |
| Operating Margin | -5.2% | -5.2% | -5.9% | -48.7% | -61.8% | 2.6% | -6.1% | -6.9% | -6.1% | -7.4% | -24.3% |
| Net Profit Margin | -19.2% | -19.2% | -27.4% | -240.3% | -57.7% | -30.4% | -18.1% | -35.9% | -40.5% | -34.3% | -49.0% |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -15.6% | -15.6% | -17.5% | -87.0% | -24.2% | -384.8% | -21.2% | -24.0% | -25.3% | -36.7% | -309.3% |
| ROA | -6.9% | -6.9% | -8.3% | -53.8% | -13.3% | -10.5% | -7.6% | -16.5% | -16.9% | -16.6% | -27.2% |
| ROIC | -1.7% | -1.7% | -1.7% | -10.9% | -14.2% | 0.8% | -1.6% | -1.8% | -1.5% | -2.6% | -17.4% |
| ROCE | -2.9% | -2.9% | -2.7% | -13.9% | -18.4% | 1.9% | -6.6% | -7.2% | -5.1% | -6.8% | -22.3% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.05 | 1.05 | 0.95 | 0.79 | 0.33 | 17.45 | 78.82 | 1.29 | 1.32 | 1.18 | 4.03 |
| Debt / EBITDA | 18.17 | 18.17 | 17.13 | — | — | 9.57 | 31.42 | 1.79 | 1.67 | 1.73 | — |
| Net Debt / Equity | — | 0.95 | 0.78 | 0.53 | 0.08 | 15.14 | 72.87 | 1.09 | 0.83 | 0.92 | 2.45 |
| Net Debt / EBITDA | 16.36 | 16.36 | 14.02 | — | — | 8.30 | 29.05 | 1.51 | 1.05 | 1.35 | — |
| Debt / FCF | — | — | — | — | — | 2.03 | — | — | — | — | — |
| Interest Coverage | -0.90 | -0.90 | -1.60 | -27.19 | -3.05 | — | 0.45 | -0.27 | -0.34 | -0.38 | -1.08 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.50 | 1.50 | 1.62 | 1.49 | 2.06 | 1.37 | 1.17 | 1.29 | 1.80 | 1.59 | 2.12 |
| Quick Ratio | 1.50 | 1.50 | 1.62 | 1.49 | 2.06 | 1.37 | 1.17 | 1.29 | 1.80 | 1.59 | 2.12 |
| Cash Ratio | 0.49 | 0.49 | 0.58 | 0.44 | 1.03 | 0.27 | 0.12 | 0.24 | 0.63 | 0.36 | 0.70 |
| Asset Turnover | — | 0.38 | 0.31 | 0.31 | 0.15 | 0.42 | 0.40 | 0.46 | 0.36 | 0.50 | 0.41 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | 349.14 | 411.20 | 353.27 | 407.94 | 389.60 | 541.08 | — | — | — | — |
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 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | — | — | — | — | — | — |
| FCF Yield | — | — | — | — | — | 35.8% | — | — | — | — | — |
| Buyback Yield | 0.3% | 0.3% | 2.5% | 4.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 0.3% | 0.3% | 2.5% | 4.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Shares Outstanding | — | $24M | $25M | $25M | $21M | $10M | $9M | $8M | $6M | $6M | $4M |
Liquidity and capital exhaustion
According to recent market data, MOGO trades at a P/S multiple of 0.44, which suggests that investors are heavily discounting the company's future growth prospects compared to broader fintech peers, likely due to the persistent negative earnings and the complexity of its diversified business model.
The current P/B ratio of 0.39 indicates that the market values the company at a significant discount to its book value, reflecting deep skepticism regarding the quality of its assets and the potential for future returns. This valuation level implies that the market is pricing in a high probability of continued capital erosion rather than a successful turnaround of the B2B infrastructure segment.
As reported in financial statements, MOGO's ROIC has remained in negative territory for the past ten quarters, with the most recent figure at -0.3%, indicating that the company is currently failing to generate a positive return on the capital invested into its platform and operations.
The persistent inability to achieve a positive ROIC suggests that the company's investments in technology and product development have not yet reached the necessary scale to create economic value. Investors should monitor whether the shift toward higher-margin B2B services can eventually drive returns above the cost of capital, as current trends show a structural decay in capital productivity.
Based on reported figures, MOGO's DSO has remained elevated, averaging over 350 days in recent quarters, which highlights significant friction in the company's ability to convert its service-based revenue into actual cash, thereby straining its overall working capital efficiency compared to industry standards.
The extremely high DSO suggests that the company may be facing challenges in collecting payments from its B2B merchant base or that its revenue recognition policies are creating a disconnect between billing and cash receipt. This inefficiency forces the company to rely more heavily on external funding or existing cash reserves to bridge the gap between operational activity and liquidity.
According to quarterly filings, MOGO's D/EBITDA ratio has fluctuated wildly, reaching as high as 144.64 in 2025Q1, which indicates that the company's debt load is disproportionately large relative to its current ability to generate operating earnings, creating significant pressure on its financial flexibility.
While the D/E ratio appears stable at 1.09, the extreme volatility in interest coverage and debt-to-EBITDA metrics suggests that the company's debt service capacity is highly sensitive to minor fluctuations in operating performance. This leverage profile warrants further investigation, as it leaves little room for error in a high-interest-rate environment.
As evidenced by the company's negative TTM P/E of -2.29, the price-to-earnings ratio is a fundamentally flawed metric for evaluating MOGO, as it obscures the company's underlying cash-generating potential by focusing on accounting losses that are heavily impacted by non-cash fair value adjustments.
Investors should instead prioritize metrics like EV/Sales or adjusted EBITDA, which better capture the scale of the B2B payment infrastructure without the distortion of venture portfolio volatility. Relying on P/E in this context leads to a misleading assessment of the company's value, as it fails to account for the strategic optionality inherent in the Carta platform.
Includes 30+ ratios · 13 years · Updated daily
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Quick answers to the most common questions about buying MOGO stock.
Mogo Inc.'s current P/E ratio is -2.2x. This places it at the 50th percentile of its historical range.
Mogo Inc.'s current EV/EBITDA is 22.7x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 16.6x.
Mogo Inc.'s return on equity (ROE) is -15.6%. The historical average is -94.6%.
Based on historical data, Mogo Inc. is trading at a P/E of -2.2x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Mogo Inc. has 65.6% gross margin and -5.2% operating margin.
Mogo Inc.'s Debt/EBITDA ratio is 18.2x, indicating high leverage. A ratio above 4x may signal elevated financial risk.