Latest Ratios: P/E Ratio -0.4x · EV/EBITDA N/A · ROE -106.3%. (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 | $10M | $4M | $6M | $10M | $14M | — | — | — | — |
| Enterprise Value | $31M | $24M | $37M | $38M | $32M | — | — | — | — |
| P/E Ratio → | -0.39 | — | — | — | 0.27 | — | — | — | — |
| P/S Ratio | 0.25 | 0.10 | 0.17 | 0.17 | 0.13 | — | — | — | — |
| P/B Ratio | 0.35 | 0.35 | 0.71 | 0.69 | 0.53 | — | — | — | — |
| P/FCF | — | — | — | — | 2.96 | — | — | — | — |
| P/OCF | 118.59 | 45.58 | — | — | 1.40 | — | — | — | — |
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 | — | 0.62 | 1.15 | 0.65 | 0.30 | — | — | — | — |
| EV / EBITDA | — | — | — | — | 11.24 | — | — | — | — |
| EV / EBIT | — | — | — | — | — | — | — | — | — |
| EV / FCF | — | — | — | — | 6.97 | — | — | — | — |
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 | 6.4% | 6.4% | 5.2% | 3.6% | 12.0% | 10.3% | 8.3% | 8.5% | 7.3% |
| Operating Margin | -22.9% | -22.9% | -29.4% | -17.8% | 0.4% | 1.9% | 2.5% | 1.9% | 1.8% |
| Net Profit Margin | -25.2% | -25.2% | -31.0% | -19.0% | 0.2% | 1.8% | 1.9% | 1.6% | 0.8% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| ROE | -106.3% | -106.3% | -91.6% | -55.1% | 1.0% | 23.4% | 28.6% | 11.8% | 9.6% |
| ROA | -19.2% | -19.2% | -18.7% | -19.2% | 0.3% | 4.5% | 5.4% | 2.5% | 2.2% |
| ROIC | -19.2% | -19.2% | -17.6% | -17.9% | 0.7% | 6.9% | 12.0% | 3.9% | 6.5% |
| ROCE | -76.8% | -76.8% | -72.9% | -49.2% | 2.2% | 23.5% | 35.2% | 13.6% | 21.7% |
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 | 2.34 | 2.34 | 4.14 | 2.04 | 0.86 | 2.16 | 1.49 | 1.83 | 1.80 |
| Debt / EBITDA | — | — | — | — | 7.75 | 6.38 | 3.68 | 9.83 | 5.81 |
| Net Debt / Equity | — | 1.88 | 4.01 | 1.98 | 0.72 | 2.11 | 1.02 | 1.66 | 1.52 |
| Net Debt / EBITDA | — | — | — | — | 6.47 | 6.24 | 2.51 | 8.89 | 4.88 |
| Debt / FCF | — | — | — | — | 4.01 | — | 2.85 | — | — |
| Interest Coverage | -5.48 | -5.48 | -5.46 | -7.60 | -0.27 | 2.42 | 5.03 | 1.38 | 1.85 |
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 | 0.46 | 0.46 | 0.51 | 0.60 | 1.01 | 0.89 | 0.89 | 0.84 | 0.91 |
| Quick Ratio | 0.26 | 0.26 | 0.18 | 0.21 | 0.33 | 0.47 | 0.37 | 0.23 | 0.32 |
| Cash Ratio | 0.13 | 0.13 | 0.03 | 0.02 | 0.12 | 0.01 | 0.10 | 0.05 | 0.08 |
| Asset Turnover | — | 0.75 | 0.64 | 1.02 | 1.84 | 2.21 | 2.23 | 1.26 | 2.71 |
| Inventory Turnover | 4.63 | 4.63 | 2.27 | 3.48 | 4.31 | 5.79 | 4.85 | 2.40 | 5.51 |
| Days Sales Outstanding | — | 38.50 | 67.01 | 45.25 | 22.03 | 58.70 | 33.61 | 29.76 | 23.39 |
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 | — | — | — | — | — | — | — | — | 268.1% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | 369.6% | — | — | — | — |
| FCF Yield | — | — | — | — | 33.8% | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — | — | — | — |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — | — | — | — |
| Shares Outstanding | — | $2M | $59750 | $56025 | $47093 | $54000 | $54000 | $54000 | $54000 |
Structural Margin Erosion
As reported in recent financial filings, OST trades at a P/S multiple of 0.25, a valuation level that suggests the market has largely abandoned expectations for a near-term turnaround in the company's loss-making display assembly business model compared to its historical trading ranges.
The current P/B ratio of 0.35 indicates that the market is pricing the company at a significant discount to its book value, reflecting deep skepticism regarding the recoverability of its asset base. This valuation implies that investors view the firm's current revenue stream as unsustainable and potentially value-destructive rather than a foundation for future growth.
Based on reported figures, OST's ROIC has remained consistently negative, reaching -9.5% in 2025Q4, which highlights a structural inability to generate returns on invested capital that exceed the company's cost of funding in its current competitive environment.
The decay in ROIC from positive territory in 2021 to current negative levels underscores the failure of management to achieve the necessary scale to offset high fixed costs. This trend suggests that every additional dollar of capital deployed into the business currently serves to exacerbate shareholder value erosion.
According to recent quarterly data, the cash conversion cycle has fluctuated significantly, reaching 41 days in 2025Q4, which indicates that the company's ability to manage its inventory and receivables is increasingly strained by its reliance on low-margin, high-volume customer contracts.
The volatility in the CCC, driven by inconsistent inventory turnover and DSO, suggests that the company lacks the leverage to dictate favorable payment terms to its customers or suppliers. This operational friction further complicates the firm's ability to manage its limited cash reserves effectively.
As evidenced by the latest financial statements, the current ratio has deteriorated to 0.46, a level that warrants significant concern regarding the company's ability to meet its short-term obligations without securing additional external financing or liquidating assets at distressed prices.
The quick ratio of 0.26 further highlights the company's extreme dependence on inventory liquidity, which is inherently risky given the rapid technological obsolescence of display components. This liquidity profile suggests a high probability of financial distress should current operational cash outflows persist.
Investors frequently misapply revenue growth as a proxy for success, yet for OST, the 22% YoY increase masks the reality that the company is scaling losses rather than market share, rendering traditional growth-based valuation models entirely inappropriate for this business.
The reliance on revenue growth ignores the negative operating leverage inherent in the firm's cost structure, where costs scale linearly with volume. Analysts should instead focus on the 'Panel Spread' and operating margin expansion, as these metrics provide a more accurate assessment of the company's true earning power.
Includes 30+ ratios · 8 years · Updated daily
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Quick answers to the most common questions about buying OST stock.
Ostin Technology Group Co., Ltd.'s current P/E ratio is -0.4x. The historical average is 0.3x.
Ostin Technology Group Co., Ltd.'s return on equity (ROE) is -106.3%. The historical average is -22.3%.
Based on historical data, Ostin Technology Group Co., Ltd. is trading at a P/E of -0.4x. Compare with industry peers and growth rates for a complete picture.
Ostin Technology Group Co., Ltd. has 6.4% gross margin and -22.9% operating margin.