Latest Ratios: P/E Ratio -16.1x · EV/EBITDA N/A · ROE -134.2%. (2018–2025 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 |
|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $86M | $111M | $88M | $105M | $79M | $117M | $28M | — | — |
| Enterprise Value | $89M | $113M | $87M | $103M | $80M | $117M | $27M | — | — |
| P/E Ratio → | -16.07 | — | — | — | — | — | — | — | — |
| P/S Ratio | 10.25 | 13.15 | 33.15 | 30.35 | 17.64 | 24.33 | 14.00 | — | — |
| P/B Ratio | 27.82 | 38.10 | 19.08 | 16.22 | 30.16 | 37.27 | 8.44 | — | — |
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 13.43 | 32.78 | 29.77 | 17.82 | 24.25 | 13.37 | — | — |
| EV / EBITDA | — | — | — | — | — | — | 8964486.25 | — | — |
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 17.9% | 17.9% | 19.3% | 19.9% | 14.9% | 13.4% | 11.9% | — | — |
| Operating Margin | -56.0% | -56.0% | -88.4% | -76.3% | -128.7% | -158.6% | -71.2% | — | — |
| Net Profit Margin | -59.7% | -59.7% | -87.1% | -76.4% | -129.8% | -159.0% | -72.4% | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| ROE | -134.2% | -134.2% | -41.6% | -58.1% | -201.4% | -236.6% | -38.9% | -40.9% | — |
| ROA | -87.9% | -87.9% | -41.3% | -49.7% | -157.2% | -230.1% | -38.3% | -39.3% | -554.5% |
| ROIC | -79.9% | -79.9% | -43.4% | -50.2% | -140.4% | -238.5% | -69.5% | -123.2% | — |
| ROCE | -119.6% | -119.6% | -42.3% | -57.7% | -197.1% | -233.7% | -38.0% | -39.2% | -868.8% |
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 |
|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.07 | 1.07 | — | — | 0.43 | 0.01 | 0.01 | 0.00 | — |
| Debt / EBITDA | — | — | — | — | — | — | 14679.00 | 835.33 | — |
| Net Debt / Equity | — | 0.80 | -0.21 | -0.31 | 0.30 | -0.13 | -0.38 | -0.75 | — |
| Net Debt / EBITDA | — | — | — | — | — | — | -421755.67 | -1045130.33 | — |
| Debt / FCF | — | — | — | — | — | — | — | — | — |
| Interest Coverage | -14.71 | -14.71 | — | -637.57 | -116.17 | -310.81 | -56.58 | -59.66 | — |
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 |
|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.90 | 1.90 | 76.21 | 164.74 | 2.84 | 34.61 | 134.62 | 97.51 | 2.69 |
| Quick Ratio | 1.29 | 1.29 | 46.96 | 99.40 | 1.30 | 16.98 | 73.19 | 74.45 | 2.69 |
| Cash Ratio | 0.23 | 0.23 | 16.14 | 50.72 | 0.23 | 4.52 | 51.78 | 72.80 | 2.69 |
| Asset Turnover | — | 1.24 | 0.57 | 0.53 | 1.08 | 1.48 | 0.59 | — | — |
| Inventory Turnover | 3.24 | 3.24 | 1.19 | 1.07 | 1.70 | 2.51 | 1.14 | — | — |
| Days Sales Outstanding | — | 129.24 | 249.21 | 192.90 | 107.52 | 85.39 | 70.96 | — | — |
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 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | — | — | — | — |
| FCF Yield | — | — | — | — | — | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — | — |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — | — |
| Shares Outstanding | — | $34M | $33M | $32M | $21M | $18M | $12M | $4M | $105299 |
Liquidity and capital exhaustion
Based on current market data, NeoVolta trades at a price-to-sales multiple of 8.81, a valuation that appears disconnected from its negative earnings and suggests investors are pricing in significant future optionality rather than the company's current fundamental performance or its lack of a positive P/E ratio.
The high P/S ratio relative to the company's inability to generate consistent operating profit indicates that the market is valuing NeoVolta as a high-growth technology play rather than a hardware-centric industrial firm. This valuation warrants caution, as it implies a growth trajectory that may be difficult to sustain without further dilutive capital raises.
As reported in recent financial statements, NeoVolta's ROIC has remained consistently negative, reaching -19.2% in 2026Q3, which highlights a structural inability to compound invested capital and suggests that the company's current business model is destroying shareholder value rather than creating it through efficient asset deployment.
The negative ROIC trend over the last ten quarters reflects the company's struggle to achieve the scale necessary to offset its high fixed cost base. Without a clear path to positive margins, the company's reliance on external capital to fund operations will likely continue to suppress returns on invested capital.
According to quarterly filings, NeoVolta's cash conversion cycle has been highly volatile, peaking at 2,242 days in 2024Q3 and remaining elevated at 393 days in 2026Q3, which indicates significant inefficiencies in managing inventory and receivables compared to industry standards for residential energy storage providers.
The extended CCC suggests that the company is struggling to convert its hardware sales into cash, likely due to slow inventory turnover and long collection periods from distributors. This inefficiency places additional strain on the company's already limited cash reserves and necessitates a more disciplined approach to working capital management.
Based on the company's reported figures, the current ratio has experienced extreme volatility, swinging from a high of 482.22 in 2024Q2 to a low of 1.47 in 2026Q1, indicating that the company lacks a stable liquidity cushion to manage its ongoing operational cash burn.
The rapid decline in the current ratio suggests that the company's liquidity is highly sensitive to capital injections and operational cash outflows. Investors should monitor the company's ability to maintain sufficient working capital, as the current cash balance of $794,836 provides a very thin margin of safety against further losses.
As indicated by the provided data, the market's focus on NeoVolta's 218% YoY revenue growth often obscures the underlying reality that this growth is being achieved at the expense of negative operating margins and significant cash burn, which are the more critical indicators of the company's long-term viability.
Analysts frequently misapply revenue growth as a proxy for business health in this sector, ignoring the fact that hardware-centric models require scale to achieve profitability. A more appropriate metric would be the contribution margin per unit or the cash-burn-to-revenue ratio, which would better reflect the sustainability of the company's current growth strategy.
Includes 30+ ratios · 8 years · Updated daily
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Quick answers to the most common questions about buying NEOV stock.
NeoVolta Inc.'s current P/E ratio is -16.1x. This places it at the 50th percentile of its historical range.
NeoVolta Inc.'s return on equity (ROE) is -134.2%. The historical average is -107.4%.
Based on historical data, NeoVolta Inc. is trading at a P/E of -16.1x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
NeoVolta Inc. has 17.9% gross margin and -56.0% operating margin.