Latest Ratios: P/E Ratio -4.2x · EV/EBITDA N/A · ROE -14.5%. (2023–2025 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 |
|---|---|---|---|---|
| Market Cap | $68M | $97M | $164M | — |
| Enterprise Value | $74M | $104M | $170M | — |
| P/E Ratio → | -4.23 | — | 24.06 | — |
| P/S Ratio | 3.04 | 4.35 | 9.35 | — |
| P/B Ratio | 0.52 | 0.73 | 1.21 | — |
| P/FCF | 2.43 | 3.49 | — | — |
| P/OCF | 2.43 | 3.49 | — | — |
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 |
|---|---|---|---|---|
| EV / Revenue | — | 4.66 | 9.72 | — |
| EV / EBITDA | — | — | 11.22 | — |
| EV / EBIT | — | — | 11.22 | — |
| EV / FCF | — | 3.73 | — | — |
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 |
|---|---|---|---|---|
| Gross Margin | 78.9% | 78.9% | 99.6% | 100.0% |
| Operating Margin | -71.8% | -71.8% | 86.6% | 374.5% |
| Net Profit Margin | -86.8% | -86.8% | 38.7% | 373.8% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| ROE | -14.5% | -14.5% | 5.8% | 8.7% |
| ROA | -12.1% | -12.1% | 4.9% | 8.7% |
| ROIC | -8.5% | -8.5% | 9.5% | — |
| ROCE | -10.4% | -10.4% | 11.3% | 8.7% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| Debt / Equity | 0.05 | 0.05 | 0.05 | — |
| Debt / EBITDA | — | — | 0.44 | — |
| Net Debt / Equity | — | 0.05 | 0.05 | -0.20 |
| Net Debt / EBITDA | — | — | 0.43 | -2.32 |
| Debt / FCF | — | 0.25 | — | -8.97 |
| Interest Coverage | -4.78 | -4.78 | 214.34 | — |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| Current Ratio | 0.15 | 0.15 | 0.04 | 1038.54 |
| Quick Ratio | 0.15 | 0.15 | 0.04 | 1038.54 |
| Cash Ratio | 0.01 | 0.01 | 0.03 | 1038.54 |
| Asset Turnover | — | 0.16 | 0.10 | 0.02 |
| Inventory Turnover | — | — | — | — |
| Days Sales Outstanding | — | — | — | — |
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 |
|---|---|---|---|---|
| Dividend Yield | 26.0% | 18.5% | 4.6% | — |
| Payout Ratio | — | — | 110.4% | 25.8% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| Earnings Yield | — | — | 4.2% | — |
| FCF Yield | 41.1% | 28.7% | — | — |
| Buyback Yield | 10.9% | 7.6% | 0.0% | — |
| Total Shareholder Yield | 36.9% | 26.1% | 4.6% | — |
| Shares Outstanding | — | $7M | $8M | $8M |
Critical Liquidity Shortfall
As reported in recent financial statements, PDCC trades at a price-to-book ratio of 0.54, which, based on the provided data, suggests that the market is heavily discounting the firm's net asset value due to its limited operating history and persistent inability to generate consistent net income.
The current P/B discount appears to reflect investor skepticism regarding the valuation of Level 3 CLO assets and the sustainability of the firm's dividend policy. Given the negative P/E of -4.34, traditional earnings-based valuation metrics remain inapplicable, forcing investors to rely on NAV-based assessments that may be subject to significant downward revisions.
According to recent quarterly filings, PDCC's ROIC has deteriorated to -1.8% as of 2025Q3, indicating that the company is currently failing to generate positive returns on its invested capital compared to the 2.2% return observed in the second quarter of 2025.
This rapid decay in return metrics suggests that the firm's capital allocation strategy has yet to overcome the drag of high fixed overhead costs. The inability to maintain positive ROIC warrants further investigation into whether the underlying CLO portfolio is underperforming or if the corporate structure is simply too expensive for the current AUM scale.
Based on the latest balance sheet data, PDCC's current ratio has fallen to 0.41, which, as indicated in recent filings, highlights a severe liquidity mismatch where the firm's current assets are insufficient to cover its short-term obligations in the event of a market stress event.
This liquidity position appears precarious, especially when contrasted with the firm's minimal cash balance of under $100,000. Investors should monitor whether this lack of a liquidity buffer forces management to pursue dilutive equity offerings to maintain operations and meet dividend commitments.
As reported in financial market data, PDCC's 25.3% dividend yield is frequently cited by market participants, yet this metric obscures the firm's underlying cash flow instability and the potential for capital erosion, as evidenced by the company's negative net margins and reliance on non-cash effective yield accounting.
Relying on dividend yield as a proxy for investment quality is misleading for this business model, as it ignores the 'waterfall' nature of CLO equity payments which are highly volatile. A more appropriate metric would be the 'Cash-on-Cash' yield, which adjusts for non-cash income and provides a clearer picture of the firm's actual ability to fund distributions from recurring cash receipts.
Includes 30+ ratios · 3 years · Updated daily
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10-year return with dividends reinvested.
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Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying PDCC stock.
Pearl Diver Credit Company Inc.'s current P/E ratio is -4.2x. The historical average is 24.1x.
Pearl Diver Credit Company Inc.'s return on equity (ROE) is -14.5%. The historical average is 0.0%.
Based on historical data, Pearl Diver Credit Company Inc. is trading at a P/E of -4.2x. Compare with industry peers and growth rates for a complete picture.
Pearl Diver Credit Company Inc.'s current dividend yield is 25.95%.
Pearl Diver Credit Company Inc. has 78.9% gross margin and -71.8% operating margin.