Latest Ratios: P/E Ratio 12.9x · EV/EBITDA 3.0x · ROE 6.7%. (1996–2025 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 | $17M | $21M | $17M | $22M | $25M | $35M | $18M | $5M | $10M | $6M | $8M |
| Enterprise Value | $14M | $19M | $16M | $19M | $23M | $34M | $19M | $5M | $10M | $6M | $11M |
| P/E Ratio → | 12.86 | 16.22 | 10.09 | 16.10 | 5.39 | 12.27 | 116.93 | — | — | — | — |
| P/S Ratio | 2.53 | 3.24 | 2.34 | 3.27 | 2.63 | 5.31 | 6.51 | 1.65 | 3.76 | 2.30 | 3.11 |
| P/B Ratio | 0.84 | 1.06 | 0.92 | 1.22 | 1.49 | 2.86 | 2.07 | 0.54 | 1.20 | 0.74 | 0.90 |
| P/FCF | 10.45 | 13.41 | 20.19 | 19.88 | 20.87 | 18.84 | — | — | 51.87 | — | — |
| P/OCF | 4.39 | 5.63 | 4.03 | 4.86 | 3.86 | 9.34 | 25.67 | 5.21 | 9.97 | 14.14 | 25.20 |
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 | — | 2.83 | 2.12 | 2.89 | 2.40 | 5.12 | 6.91 | 1.94 | 3.71 | 2.38 | 4.23 |
| EV / EBITDA | 2.99 | 4.00 | 3.54 | 4.98 | 3.44 | 7.79 | 17.69 | 6.72 | 11.89 | 9.48 | 15.94 |
| EV / EBIT | 6.64 | 8.89 | 7.71 | 9.70 | 4.75 | 11.30 | 92.50 | — | 1109.28 | — | — |
| EV / FCF | — | 11.70 | 18.28 | 17.62 | 19.08 | 18.17 | — | — | 51.21 | — | — |
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 | 39.3% | 39.3% | 44.9% | 47.1% | 62.6% | 60.1% | 36.5% | 35.4% | 35.3% | 27.9% | 18.6% |
| Operating Margin | 31.8% | 31.8% | 26.5% | 27.8% | 50.6% | 45.3% | 5.7% | -2.3% | 0.3% | -8.6% | -21.5% |
| Net Profit Margin | 19.9% | 19.9% | 23.3% | 20.4% | 48.8% | 43.3% | 5.6% | -3.6% | -0.5% | -11.9% | -27.5% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 6.7% | 6.7% | 9.4% | 7.8% | 32.1% | 27.1% | 1.8% | -1.2% | -0.2% | -3.8% | -7.7% |
| ROA | 6.0% | 6.0% | 8.3% | 7.0% | 30.0% | 23.7% | 1.5% | -1.0% | -0.1% | -2.8% | -4.8% |
| ROIC | 9.1% | 9.1% | 9.1% | 9.2% | 28.3% | 21.4% | 1.2% | -0.5% | 0.1% | -1.7% | -3.1% |
| ROCE | 9.9% | 9.9% | 9.7% | 9.7% | 31.6% | 25.2% | 1.5% | -0.7% | 0.1% | -2.1% | -3.8% |
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 | 0.00 | 0.00 | 0.01 | 0.00 | 0.00 | 0.01 | 0.13 | 0.10 | — | 0.08 | 0.33 |
| Debt / EBITDA | 0.02 | 0.02 | 0.03 | 0.01 | 0.01 | 0.03 | 1.08 | 1.06 | — | 1.03 | 4.33 |
| Net Debt / Equity | — | -0.14 | -0.09 | -0.14 | -0.13 | -0.10 | 0.13 | 0.10 | -0.02 | 0.02 | 0.32 |
| Net Debt / EBITDA | -0.58 | -0.58 | -0.37 | -0.64 | -0.32 | -0.29 | 1.02 | 1.01 | -0.15 | 0.31 | 4.22 |
| Debt / FCF | — | -1.70 | -1.91 | -2.26 | -1.79 | -0.67 | — | — | -0.66 | — | — |
| Interest Coverage | 476.98 | 476.98 | 328.92 | 376.52 | 369.57 | 112.55 | 3.93 | -1.64 | 0.41 | -2.59 | -3.57 |
Net cash position: cash ($3M) exceeds total debt ($75522)
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 | 9.82 | 9.82 | 5.48 | 8.58 | 14.46 | 10.36 | 5.47 | 2.02 | 3.38 | 3.07 | 3.68 |
| Quick Ratio | 9.82 | 9.82 | 5.48 | 8.58 | 14.46 | 10.36 | 5.47 | 2.02 | 5.67 | 4.93 | 3.68 |
| Cash Ratio | 6.13 | 6.13 | 3.18 | 5.75 | 8.66 | 5.20 | 0.42 | 0.19 | 0.77 | 1.10 | 0.54 |
| Asset Turnover | — | 0.28 | 0.36 | 0.32 | 0.54 | 0.50 | 0.26 | 0.27 | 0.28 | 0.26 | 0.20 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | 77.84 | 58.61 | 55.86 | 52.47 | 72.59 | 85.00 | 37.95 | 51.62 | 112.29 | 57.11 |
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 | 1.2% | 1.0% | 1.2% | 1.0% | — | — | — | — | — | — | — |
| Payout Ratio | 15.7% | 15.7% | 12.2% | 15.9% | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 7.8% | 6.2% | 9.9% | 6.2% | 18.5% | 8.1% | 0.9% | — | — | — | — |
| FCF Yield | 9.6% | 7.5% | 5.0% | 5.0% | 4.8% | 5.3% | — | — | 1.9% | — | — |
| Buyback Yield | 0.0% | 0.0% | 4.1% | 2.7% | 1.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 1.2% | 1.0% | 5.3% | 3.7% | 1.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Shares Outstanding | — | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M |
Operator-driven revenue volatility
Based on current market data, Mexco trades at a P/S ratio of 2.07, which appears to discount the company's lack of operational control and suggests that investors are pricing the equity as a stagnant mineral holding rather than a growth-oriented exploration and production entity.
The 9.21x TTM P/E multiple, while seemingly modest, warrants caution given the high volatility in earnings and the reliance on third-party drilling decisions. The absence of a forward P/E suggests that the market lacks confidence in the predictability of future cash flows, effectively treating the company as a low-liquidity asset play.
According to historical financial statements, Mexco's ROIC has trended downward to 0.4% in 2025Q3, reflecting a significant decay in the company's ability to generate returns on its invested capital as the natural depletion of its 1.616 million BOE reserve base outpaces new acquisitions.
The compression in ROIC suggests that the company's passive business model is struggling to maintain efficiency in a high-cost environment. Investors should monitor whether management can deploy its $1.75 million cash balance into accretive mineral interests to reverse this multi-quarter trend of declining capital productivity.
As reported in recent quarterly filings, Mexco's asset turnover ratio has remained stagnant at 0.07 in 2025Q3, indicating that the company's asset base is not being utilized effectively to drive revenue growth compared to its historical performance in more favorable commodity price environments.
The DSO of 57 days highlights the inherent lag in receiving payments from third-party operators, which complicates cash flow management. This structural delay in revenue recognition suggests that the company lacks leverage over its operators, forcing it to absorb the working capital burden of the production cycle.
Based on reported figures, Mexco maintains a negligible 0.01 debt-to-equity ratio, which provides a fortress-like balance sheet that effectively eliminates interest rate risk but simultaneously highlights a potential failure to leverage its financial position to enhance shareholder returns or expand its asset footprint.
While the 107.37x interest coverage ratio confirms that debt service is not a concern, the lack of debt utilization may be interpreted as an overly conservative capital allocation strategy. This extreme fiscal caution appears to protect the company from insolvency but may also be limiting its long-term growth potential.
The P/E ratio is frequently misapplied to Mexco's business model because it fails to account for the non-cash impairment charges inherent in full-cost accounting, which can artificially depress earnings and create a misleading valuation signal for investors evaluating the company's true economic earning power.
Analysts should instead prioritize the PV-10 value of the company's reserves, as this metric provides a more accurate reflection of the underlying asset value than accounting-based earnings. Relying on P/E ignores the reality that Mexco is a depleting asset play where cash flow, rather than accounting profit, is the primary driver of value.
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying MXC stock.
Mexco Energy Corporation's current P/E ratio is 12.9x. The historical average is 33.5x. This places it at the 29th percentile of its historical range.
Mexco Energy Corporation's current EV/EBITDA is 3.0x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 10.9x.
Mexco Energy Corporation's return on equity (ROE) is 6.7%. The historical average is 4.4%.
Based on historical data, Mexco Energy Corporation is trading at a P/E of 12.9x. This is at the 29th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Mexco Energy Corporation's current dividend yield is 1.21% with a payout ratio of 15.7%.
Mexco Energy Corporation has 39.3% gross margin and 31.8% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
Mexco Energy Corporation's Debt/EBITDA ratio is 0.0x, indicating low leverage. A ratio below 2x is generally considered financially healthy.