Latest Ratios: P/E Ratio -0.2x · EV/EBITDA N/A · ROE -215.0%. (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 | $162M | $109M | — | — | — | — |
| Enterprise Value | $112M | $59M | — | — | — | — |
| P/E Ratio → | -0.16 | — | — | — | — | — |
| P/S Ratio | 4.92 | 3.32 | — | — | — | — |
| P/B Ratio | 0.18 | 0.47 | — | — | — | — |
| 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 |
|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.79 | — | — | — | — |
| 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 |
|---|---|---|---|---|---|---|
| Gross Margin | 1.6% | 1.6% | 15.1% | 9.3% | 6.9% | 27.8% |
| Operating Margin | -70.8% | -70.8% | -20.7% | -15.8% | -48.7% | -5.5% |
| Net Profit Margin | -794.4% | -794.4% | 1.8% | -101.1% | -148.5% | 0.4% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| ROE | -215.0% | -215.0% | 19.8% | -9337.7% | -1184.0% | 1.3% |
| ROA | -174.1% | -174.1% | 1.3% | -119.8% | -130.2% | 0.2% |
| ROIC | -15.6% | -15.6% | -17.6% | -25.8% | -57.7% | -5.9% |
| ROCE | -18.4% | -18.4% | -44.4% | -35.3% | -60.6% | -6.7% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Debt / Equity | 0.04 | 0.04 | 2.73 | — | 5.95 | 1.95 |
| Debt / EBITDA | — | — | — | — | — | — |
| Net Debt / Equity | — | -0.22 | 2.71 | — | 4.99 | 1.53 |
| Net Debt / EBITDA | — | — | — | — | — | — |
| Debt / FCF | — | — | — | — | — | — |
| Interest Coverage | -63.20 | -63.20 | 1.03 | -4.98 | -5.84 | -12.91 |
Net cash position: cash ($59M) exceeds total debt ($8M)
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Current Ratio | 13.61 | 13.61 | 0.42 | 0.37 | 1.01 | 1.19 |
| Quick Ratio | 13.18 | 13.18 | 0.16 | 0.22 | 0.69 | 1.18 |
| Cash Ratio | 3.25 | 3.25 | 0.01 | 0.13 | 0.40 | 0.12 |
| Asset Turnover | — | 0.13 | 0.78 | 1.22 | 0.54 | 0.56 |
| Inventory Turnover | 4.15 | 4.15 | 4.29 | 10.28 | 6.58 | 51.35 |
| Days Sales Outstanding | — | 4.80 | 14.67 | 7.32 | 14.49 | 40.19 |
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 | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | — |
| FCF Yield | — | — | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | — | — | — | — |
| Total Shareholder Yield | 0.0% | 0.0% | — | — | — | — |
| Shares Outstanding | — | $63M | $2M | $3M | $313072 | $156901 |
Rapid capital erosion risk
According to recent market data, Eightco Holdings trades at a price-to-sales ratio of 5.37, which appears disconnected from its negative profitability and suggests investors are pricing in speculative upside from the Worldcoin treasury strategy rather than the underlying industrial performance of the legacy packaging business.
The P/S multiple of 5.37 is difficult to justify given the company's -794.43% net margin and ongoing revenue contraction. This valuation likely reflects a 'shell' premium, where the market assigns value to the company's remaining cash and potential for future pivots rather than its current ability to generate earnings.
As reported in financial statements, the company's gross margin has deteriorated to 1.62%, indicating that the legacy corrugated packaging business is effectively operating at cost and lacks the pricing power necessary to sustain its current cost structure in a competitive technology distribution environment.
The extreme volatility in net margins, which have reached levels as low as -794.43%, suggests that the company is burdened by significant fixed costs or non-recurring impairments that are not being offset by its core operations. Investors should monitor whether the pivot to AI infrastructure can actually deliver the higher margins required to achieve operational break-even.
Based on the provided figures, the cash conversion cycle has remained highly erratic, with recent data showing a 55-day cycle that highlights significant friction in managing inventory and accounts receivable during the company's transition away from its legacy industrial distribution model.
The high DIO (Days Inventory Outstanding) relative to the company's low gross margins suggests that capital is being trapped in slow-moving inventory that is likely losing value. This inefficiency exacerbates the cash burn, as the company is unable to recycle its working capital quickly enough to fund its new strategic initiatives.
As indicated by recent balance sheet filings, the company's cash position has declined sharply to $7.5 million in 2026Q1, a significant reduction from the $58.5 million reported in 2025Q4, which raises concerns about the firm's ability to fund its operations without further dilutive financing.
While the current ratio of 12.27 appears high, it is likely distorted by the rapid liquidation of assets and the contraction of current liabilities rather than a healthy liquidity position. The rapid depletion of cash reserves suggests that the company is in a precarious position, with limited runway to execute its pivot before requiring additional capital.
The most commonly misapplied metric for Eightco Holdings is the price-to-sales ratio, which obscures the fact that the company's revenue is derived from a failing legacy business that is currently unable to generate a positive gross profit to cover its operating expenses.
Using P/S to value this entity is misleading because it ignores the negative gross margins and the fact that the company is essentially a distressed asset. Analysts should instead focus on the cash burn rate and the net asset value of the treasury holdings to determine if the company has any remaining intrinsic value.
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 ORBS stock.
Eightco Holdings Inc.'s current P/E ratio is -0.2x. This places it at the 50th percentile of its historical range.
Eightco Holdings Inc.'s return on equity (ROE) is -215.0%. The historical average is -64.6%.
Based on historical data, Eightco Holdings Inc. is trading at a P/E of -0.2x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Eightco Holdings Inc. has 1.6% gross margin and -70.8% operating margin.