Latest Ratios: P/E Ratio -19.6x · EV/EBITDA N/A · ROE -20.7%. (2010–2025 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 | $2.6B | $2.3B | $700M | $200M | $184M | $259M | — | — | — | — | — |
| Enterprise Value | $1.9B | $1.5B | $656M | $197M | $161M | $211M | — | — | — | — | — |
| P/E Ratio → | -19.57 | — | 48.50 | — | — | — | — | — | — | — | — |
| P/S Ratio | — | — | — | — | — | — | — | — | — | — | — |
| P/B Ratio | 2.29 | 2.62 | 6.43 | 2.77 | 2.14 | 2.32 | — | — | — | — | — |
| 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 | — | — | — | — | — | — | — | — | — | — | — |
| 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 | — | — | — | — | — | — | — | — | — | — | — |
| Operating Margin | — | — | — | — | — | — | — | — | — | — | — |
| Net Profit Margin | — | — | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -20.7% | -20.7% | -16.0% | -23.7% | -29.1% | -42.5% | -488.3% | -38.0% | -154.9% | -23.1% | -37.0% |
| ROA | -20.2% | -20.2% | -14.4% | -20.6% | -25.6% | -32.3% | -233.9% | -11.7% | -49.1% | -8.3% | -28.7% |
| ROIC | -125.8% | -125.8% | -58.4% | -40.0% | -34.7% | -58.3% | -52.6% | -74.1% | -72.7% | -65.1% | -8.4% |
| ROCE | -25.9% | -25.9% | -56.0% | -43.5% | -28.5% | -38.8% | -33.3% | -33.9% | -30.6% | -26.1% | -8.0% |
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 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.17 | 0.85 | 0.88 | 0.67 | 0.52 |
| Debt / EBITDA | — | — | — | — | — | — | — | — | — | — | — |
| Net Debt / Equity | — | -0.90 | -0.40 | -0.04 | -0.26 | -0.43 | -0.26 | 0.31 | -0.24 | 0.12 | -0.48 |
| Net Debt / EBITDA | — | — | — | — | — | — | — | — | — | — | — |
| Debt / FCF | — | — | — | — | — | — | — | — | — | — | — |
| Interest Coverage | — | — | — | — | — | -98.16 | -68.67 | -3.17 | -18.10 | -11.12 | -7.40 |
Net cash position: cash ($774M) exceeds total debt ($244000)
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 | 3178.49 | 3178.49 | 7.01 | 0.88 | 1.90 | 8.55 | 6.55 | 3.93 | 9.01 | 5.50 | 11.98 |
| Quick Ratio | 3178.49 | 3178.49 | 7.01 | 0.88 | 1.90 | 8.55 | 6.55 | 3.93 | 9.01 | 5.42 | 11.98 |
| Cash Ratio | 3170.99 | 3170.99 | 6.53 | 0.41 | 1.83 | 8.33 | 6.36 | 3.74 | 8.85 | 5.41 | 11.89 |
| Asset Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | 2.22 | — |
| 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 | 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 | — | — | 2.1% | — | — | — | — | — | — | — | — |
| FCF Yield | — | — | — | — | — | — | — | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — | — | — | — | — |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — | — | — | — | — |
| Shares Outstanding | — | $93M | $66M | $63M | $63M | $55M | $34M | $25M | $22M | $18M | $17M |
Binary Permitting and Execution
As reported in recent financial statements, PPTA trades at a price-to-book ratio of 2.31, a valuation that appears to reflect a significant 'permitting premium' relative to peers, as the market prices in the strategic value of its antimony reserves rather than current operational earnings.
The negative P/E ratio of -19.76 is characteristic of a pre-revenue developer, yet the P/B multiple suggests investors are paying a premium for the company's unique position as a national security asset. This valuation implies that the market is discounting the high probability of a favorable Record of Decision, which would fundamentally shift the company from an exploration play to a critical minerals producer.
Based on reported figures, the company's ROIC has remained deeply negative, fluctuating between -9.3% and -58.2% over the last ten quarters, which is consistent with a business model that has yet to deploy capital into revenue-generating production assets.
The volatility in ROIC, including a brief positive spike in 2025Q2, appears to be driven by accounting adjustments rather than operational efficiency. Investors should monitor the transition from these negative returns to positive territory, which will only occur once the Stibnite Gold Project moves into the construction and eventual production phase.
According to recent SEC filings, the company's current ratio reached 188.73 in 2026Q1, a massive liquidity position that provides a significant buffer against the ongoing cash burn required to navigate the complex federal permitting process for the Stibnite project.
This liquidity profile is exceptionally strong for a junior miner, largely due to the successful procurement of non-dilutive federal funding. While this provides a runway for development, the extreme ratio suggests that capital is currently sitting idle rather than being deployed into active construction, which warrants further investigation into the timing of project milestones.
The most commonly misapplied ratio for this business model is the P/E ratio, which obscures the company's true economic potential by focusing on negative earnings that are a structural byproduct of the pre-revenue exploration phase rather than a reflection of operational failure.
Investors should instead focus on the 'burn rate' relative to the remaining cash runway and the progress toward the Record of Decision. Using traditional valuation multiples like P/E or EV/EBITDA for a company that has not yet broken ground on construction is misleading and fails to capture the binary nature of the project's regulatory and strategic value.
Includes 30+ ratios · 16 years · Updated daily
DCF models, multiple analysis, and analyst estimates.
10-year return with dividends reinvested.
See how regular investing compounds over time.
Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying PPTA stock.
Perpetua Resources Corp.'s current P/E ratio is -19.6x. The historical average is 48.5x.
Perpetua Resources Corp.'s return on equity (ROE) is -20.7%. The historical average is -56.4%.
Based on historical data, Perpetua Resources Corp. is trading at a P/E of -19.6x. Compare with industry peers and growth rates for a complete picture.