Latest Ratios: P/E Ratio -1.1x · EV/EBITDA N/A · ROE -41.6%. (2013–2025 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 | $303M | $332M | $542M | $595M | $593M | $943M | $1.6B | $444M | $1.0B | $1.7B | $2.4B |
| Enterprise Value | $108M | $137M | $235M | $300M | $-74259000 | $95M | $1.1B | $443M | $1.0B | $1.7B | $2.4B |
| P/E Ratio → | -1.06 | — | — | — | — | — | — | — | — | — | — |
| P/S Ratio | 2.96 | 3.24 | 9.37 | 10.57 | 13.59 | 89.86 | 485.31 | 62.85 | 199.80 | 2021.74 | 52722.17 |
| P/B Ratio | 0.57 | 0.60 | 0.63 | 0.59 | 0.52 | 0.70 | 2.47 | 38.30 | 65.44 | 95.79 | 125.70 |
| 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 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.34 | 4.07 | 5.32 | -1.70 | 9.02 | 313.87 | 62.60 | 199.06 | 2014.65 | 52453.17 |
| 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 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 33.5% | 33.5% | 43.3% | 46.3% | 32.2% | 10.7% | 31.3% | 28.1% | 14.4% | -37.6% | -319.6% |
| Operating Margin | -89.0% | -89.0% | -149.6% | -224.1% | -300.2% | -790.3% | -1050.2% | -209.8% | -297.1% | -1943.7% | -19595.7% |
| Net Profit Margin | -286.3% | -286.3% | -166.0% | -96.9% | -521.2% | -1913.4% | -1426.7% | -118.1% | -303.7% | -2038.7% | -19513.0% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -41.6% | -41.6% | -10.2% | -5.0% | -18.2% | -20.0% | -14.3% | -61.5% | -91.9% | -93.6% | -57.3% |
| ROA | -38.1% | -38.1% | -9.8% | -4.8% | -17.5% | -19.3% | -13.6% | -38.7% | -74.2% | -80.2% | -50.7% |
| ROIC | -15.0% | -15.0% | -10.2% | -15.7% | -20.1% | -21.4% | -56.8% | -102.9% | -95.3% | -132.1% | -131.3% |
| ROCE | -12.5% | -12.5% | -9.1% | -11.5% | -10.4% | -8.1% | -10.2% | -84.4% | -84.3% | -84.5% | -55.4% |
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 | 0.02 | 0.02 | 0.01 | 0.01 | 0.02 | 0.00 | 0.00 | 0.18 | — | — | — |
| Debt / EBITDA | — | — | — | — | — | — | — | — | — | — | — |
| Net Debt / Equity | — | -0.35 | -0.36 | -0.29 | -0.58 | -0.63 | -0.87 | -0.16 | -0.24 | -0.34 | -0.64 |
| Net Debt / EBITDA | — | — | — | — | — | — | — | — | — | — | — |
| Debt / FCF | — | — | — | — | — | — | — | — | — | — | — |
| Interest Coverage | -967.98 | -967.98 | -147.05 | -91.30 | -694.22 | -669.13 | -115.01 | -18.03 | — | -17.57 | -62.93 |
Net cash position: cash ($205M) exceeds total debt ($9M)
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 | 10.02 | 10.02 | 25.61 | 25.93 | 28.74 | 41.00 | 101.13 | 2.23 | 2.44 | 4.20 | 6.77 |
| Quick Ratio | 9.40 | 9.40 | 25.07 | 25.40 | 28.22 | 40.65 | 101.13 | 1.43 | 1.57 | 3.14 | 6.89 |
| Cash Ratio | 5.50 | 5.50 | 24.60 | 24.70 | 27.87 | 40.36 | 100.35 | 0.88 | 1.04 | 2.78 | 6.29 |
| Asset Turnover | — | 0.16 | 0.06 | 0.05 | 0.04 | 0.01 | 0.00 | 0.31 | 0.25 | 0.04 | 0.00 |
| Inventory Turnover | 2.07 | 2.07 | 1.94 | 1.68 | 1.52 | 0.84 | — | 1.43 | 1.40 | 0.49 | — |
| Days Sales Outstanding | — | 92.81 | 79.15 | 144.04 | 107.35 | 159.18 | 122.74 | 111.77 | 120.09 | 190.88 | 6458.91 |
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 | — | — | — | — | — | — | — | — | — | — | — |
| FCF Yield | — | — | — | — | — | — | — | — | — | — | — |
| Buyback Yield | 8.2% | 7.5% | 12.9% | 16.2% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 8.2% | 7.5% | 12.9% | 16.2% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Shares Outstanding | — | $216M | $218M | $248M | $258M | $248M | $181M | $176M | $92M | $57M | $41M |
Persistent Operating Cash Burn
Based on reported figures, NNDM trades at a price-to-book ratio of 0.54, suggesting that the market currently values the company at a significant discount to its net asset base, likely reflecting investor skepticism regarding the long-term profitability of its aggressive acquisition-led growth strategy.
The forward P/E of 138.0x indicates that the market is pricing in a substantial turnaround that has yet to manifest in operational earnings. Investors should monitor whether this valuation floor holds as the company continues to burn cash to integrate its disparate industrial subsidiaries.
As reported in financial statements, NNDM's ROIC has remained consistently negative over the last ten quarters, bottoming at -6.9% in 2025Q2, which indicates that the company is currently destroying shareholder value rather than compounding it through its heavy investment in additive manufacturing technology.
The persistent negative returns on capital suggest that the company's R&D and M&A expenditures have not yet reached a threshold of productive efficiency. This trend warrants further investigation into whether the current capital allocation strategy can ever generate returns exceeding the cost of capital.
According to recent quarterly data, the cash conversion cycle has remained highly volatile, peaking at 323 days in 2024Q1 and settling at 173 days in 2026Q1, which highlights significant inefficiencies in managing inventory and collecting receivables across the company's diverse industrial business units.
The high days inventory outstanding, which reached 246 days in 2023Q4, suggests that the company may be struggling to move its specialized hardware and ink products through the sales channel. This lack of working capital velocity appears to be a structural drag on the company's liquidity position.
Based on the provided financial data, NNDM maintains a strong current ratio of 9.01 as of 2026Q1, providing a substantial liquidity cushion that allows the company to sustain its current operating losses and M&A activities without immediate reliance on external debt financing.
While the liquidity position appears robust, the rapid decline in the current ratio from over 29.0 in 2024Q2 suggests that the cash runway is being consumed at an accelerating pace. Investors should monitor whether this liquidity remains sufficient to fund the company through a potential path to break-even.
The price-to-sales ratio is frequently misapplied to NNDM, as it obscures the fact that a significant portion of the company's revenue is derived from inorganic, low-margin acquisitions rather than the high-margin, proprietary ink ecosystem that is central to the company's long-term investment thesis.
Using P/S to value NNDM ignores the underlying quality of revenue and the massive operating expenses required to support the business. A more appropriate metric would be an adjusted EV/Gross Profit, which would better reflect the company's ability to scale its core technology without the noise of acquisition-driven top-line growth.
Includes 30+ ratios · 13 years · Updated daily
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Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying NNDM stock.
Nano Dimension Ltd.'s current P/E ratio is -1.1x. This places it at the 50th percentile of its historical range.
Nano Dimension Ltd.'s return on equity (ROE) is -41.6%. The historical average is -45.6%.
Based on historical data, Nano Dimension Ltd. is trading at a P/E of -1.1x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Nano Dimension Ltd. has 33.5% gross margin and -89.0% operating margin.