Latest Ratios: P/E Ratio -192.0x · EV/EBITDA 189.7x · ROE -17.4%. (2021–2025 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 |
|---|---|---|---|---|---|---|
| Market Cap | $387M | $106M | $92M | $163M | $316M | — |
| Enterprise Value | $397M | $116M | $103M | $170M | $325M | — |
| P/E Ratio → | -192.00 | — | — | 82.32 | — | — |
| P/S Ratio | 13.77 | 3.76 | 3.25 | 5.53 | 11.35 | — |
| P/B Ratio | 37.15 | 11.07 | 8.38 | 12.46 | 33.41 | — |
| P/FCF | 9999.00 | 3725.50 | — | 186.91 | 459.92 | — |
| P/OCF | 574.88 | 156.98 | — | 58.31 | 163.84 | — |
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 |
|---|---|---|---|---|---|---|
| EV / Revenue | — | 4.14 | 3.63 | 5.76 | 11.69 | — |
| EV / EBITDA | 189.68 | 55.54 | 545.48 | 39.34 | 124.59 | — |
| EV / EBIT | — | — | — | 88.69 | — | — |
| EV / FCF | — | 4106.66 | — | 194.68 | 473.71 | — |
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 |
|---|---|---|---|---|---|---|
| Gross Margin | 23.3% | 23.3% | 20.0% | 26.9% | 22.0% | 24.8% |
| Operating Margin | -1.8% | -1.8% | -9.1% | 5.2% | -1.9% | 5.4% |
| Net Profit Margin | -6.4% | -6.4% | -8.7% | 6.7% | -1.6% | 12.2% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| ROE | -17.4% | -17.4% | -20.6% | 17.6% | -0.6% | 2.3% |
| ROA | -6.9% | -6.9% | -8.8% | 7.7% | -0.5% | 2.2% |
| ROIC | -1.8% | -1.8% | -9.3% | 6.0% | -0.5% | 0.8% |
| ROCE | -3.4% | -3.4% | -15.0% | 10.1% | -0.7% | 1.0% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Debt / Equity | 1.17 | 1.17 | 1.03 | 0.68 | 1.06 | — |
| Debt / EBITDA | 5.33 | 5.33 | 60.29 | 2.07 | 3.83 | — |
| Net Debt / Equity | — | 1.13 | 0.98 | 0.52 | 1.00 | -0.00 |
| Net Debt / EBITDA | 5.16 | 5.16 | 57.13 | 1.57 | 3.63 | -0.11 |
| Debt / FCF | — | 381.16 | — | 7.77 | 13.79 | — |
| Interest Coverage | -0.70 | -0.70 | -2.91 | 2.92 | -0.75 | 18.33 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Current Ratio | 1.35 | 1.35 | 1.31 | 1.33 | 1.14 | 3.27 |
| Quick Ratio | 0.65 | 0.65 | 0.66 | 0.82 | 0.76 | 3.27 |
| Cash Ratio | 0.03 | 0.03 | 0.06 | 0.19 | 0.06 | 2.42 |
| Asset Turnover | — | 1.16 | 1.02 | 1.04 | 1.21 | 0.18 |
| Inventory Turnover | 2.73 | 2.73 | 3.27 | 3.69 | 5.99 | — |
| Days Sales Outstanding | — | 81.12 | 73.76 | 84.30 | 77.69 | — |
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 |
|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | 0.0% | 0.1% | — |
| Payout Ratio | — | — | — | 3.1% | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | 1.2% | — | — |
| FCF Yield | 0.0% | 0.0% | — | 0.5% | 0.2% | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.1% | — |
| Shares Outstanding | — | $37M | $37M | $32M | $32M | $19M |
Critical liquidity and solvency
According to current market data, OPTX trades at a P/S ratio of 15.15, a valuation that appears fundamentally detached from its negative operating margins and recent revenue contraction, suggesting investors may be pricing in speculative recovery potential rather than current financial reality as reported in recent filings.
The lack of meaningful P/E or EV/EBITDA multiples underscores the company's inability to generate consistent earnings, rendering traditional valuation metrics largely ineffective. Investors should monitor whether this premium reflects a mispricing of the company's niche manufacturing capabilities or an overestimation of its ability to scale into high-growth photonics markets.
Based on reported financial figures, the company's ROIC has trended into negative territory, reaching -2.9% in 2026Q1, which indicates that the firm is currently destroying shareholder value rather than compounding it, a significant reversal from the positive returns observed in earlier periods of the ten-quarter cycle.
The decline in ROIC is primarily driven by the inability to maintain positive operating margins, as the high fixed-cost base of its specialized manufacturing facilities remains underutilized. This trend warrants investigation into whether the company's capital allocation strategy is fundamentally flawed or merely suffering from a temporary cyclical downturn in its core defense and medical segments.
As reported in recent financial statements, the cash conversion cycle has expanded to 166 days in 2026Q1, reflecting significant inefficiencies in inventory management and collection cycles that further strain the company's already limited liquidity position compared to historical averages observed over the past ten quarters.
The elevated days inventory outstanding (DIO) of 127 days suggests that the company is holding substantial amounts of capital in potentially obsolete or slow-moving custom optical components. This inefficiency, combined with a high DSO, indicates that the company lacks the bargaining power to optimize its working capital, leaving it vulnerable to cash flow shocks.
According to the latest quarterly data, the quick ratio has fallen to 0.59, a level that leaves the company with minimal flexibility to meet short-term obligations without relying on external financing, as evidenced by the rapid depletion of cash reserves observed in recent financial reporting periods.
The reliance on a low quick ratio suggests that the company is heavily dependent on the liquidation of inventory to fund operations, which is a high-risk strategy given the custom nature of its products. Investors should monitor the company's ability to secure additional capital, as the current liquidity profile appears insufficient to support sustained operational volatility.
The most commonly misapplied metric for this business model is the Price-to-Sales ratio, which obscures the company's underlying lack of profitability and high fixed-cost structure, leading to an inflated perception of value that ignores the significant capital intensity required to maintain its specialized manufacturing operations.
Because OPTX functions more as a precision job shop than a scalable software or high-margin technology firm, P/S multiples fail to account for the high scrap rates and depreciation costs that erode the bottom line. Analysts should instead focus on free cash flow yield and capacity utilization rates to better assess the company's true earning power and operational sustainability.
Includes 30+ ratios · 5 years · Updated daily
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Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying OPTX stock.
Syntec Optics Holdings, Inc.'s current P/E ratio is -192.0x. The historical average is 82.3x.
Syntec Optics Holdings, Inc.'s current EV/EBITDA is 189.7x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 47.4x.
Syntec Optics Holdings, Inc.'s return on equity (ROE) is -17.4%. The historical average is -3.7%.
Based on historical data, Syntec Optics Holdings, Inc. is trading at a P/E of -192.0x. Compare with industry peers and growth rates for a complete picture.
Syntec Optics Holdings, Inc. has 23.3% gross margin and -1.8% operating margin.
Syntec Optics Holdings, Inc.'s Debt/EBITDA ratio is 5.3x, indicating high leverage. A ratio above 4x may signal elevated financial risk.