Latest Ratios: P/E Ratio -31.8x · EV/EBITDA 97.9x · ROE 3.4%. (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 | $4.4B | $2.0B | — | — |
| Enterprise Value | $4.1B | $1.8B | — | — |
| P/E Ratio → | -31.80 | — | — | — |
| P/S Ratio | 1.75 | 0.81 | — | — |
| P/B Ratio | 8.59 | 3.50 | — | — |
| P/FCF | 55.60 | 25.79 | — | — |
| P/OCF | 44.15 | 20.48 | — | — |
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 | — | 0.71 | — | — |
| EV / EBITDA | 97.86 | 42.11 | — | — |
| EV / EBIT | 162.56 | 69.96 | — | — |
| EV / FCF | — | 22.52 | — | — |
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 | 42.9% | 42.9% | 43.5% | 44.0% |
| Operating Margin | 1.0% | 1.0% | 4.9% | 3.9% |
| Net Profit Margin | 0.6% | 0.6% | 3.8% | 3.0% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| ROE | 3.4% | 3.4% | 19.6% | 13.2% |
| ROA | 2.0% | 2.0% | 11.7% | 8.4% |
| ROIC | 6.8% | 6.8% | 29.8% | 19.3% |
| ROCE | 5.0% | 5.0% | 23.5% | 15.8% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| Debt / Equity | 0.05 | 0.05 | 0.08 | 0.06 |
| Debt / EBITDA | 0.73 | 0.73 | 0.30 | 0.29 |
| Net Debt / Equity | — | -0.44 | -0.38 | -0.35 |
| Net Debt / EBITDA | -6.12 | -6.12 | -1.43 | -1.67 |
| Debt / FCF | — | -3.27 | -2.92 | -4.01 |
| Interest Coverage | — | — | 931.97 | 1708.30 |
Net cash position: cash ($289M) exceeds total debt ($31M)
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| Current Ratio | 2.34 | 2.34 | 2.17 | 2.59 |
| Quick Ratio | 1.47 | 1.47 | 1.14 | 1.37 |
| Cash Ratio | 0.85 | 0.85 | 0.68 | 0.81 |
| Asset Turnover | — | 2.64 | 2.70 | 2.78 |
| Inventory Turnover | 4.84 | 4.84 | 3.84 | 4.01 |
| Days Sales Outstanding | — | 25.86 | 21.73 | 20.33 |
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 | — | — | — | — |
| Payout Ratio | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| Earnings Yield | — | — | — | — |
| FCF Yield | 1.8% | 3.9% | — | — |
| Buyback Yield | 0.0% | 0.0% | — | — |
| Total Shareholder Yield | 0.0% | 0.0% | — | — |
| Shares Outstanding | — | $176M | $171M | $171M |
Inventory-driven margin volatility
Based on reported figures, Pattern's forward P/E of 41.53 suggests the market is pricing the company as a high-growth software entity, despite its 1.02% operating margin, which aligns more closely with low-margin retail distributors rather than high-multiple technology peers like Shopify or BigCommerce.
The current valuation appears to hinge on the assumption that the company can eventually pivot its revenue mix toward high-margin software licensing. Investors should monitor whether this premium is justified, as the current reliance on principal-based product sales may limit the company's ability to sustain the growth rates required to support such a high forward multiple.
According to quarterly financial data, ROIC has fluctuated significantly, peaking at 10.4% in 2025Q1 before dipping into negative territory, a trend that highlights the sensitivity of capital returns to the company's inventory-heavy distribution model and the inherent risks of its principal-based revenue recognition.
The volatility in ROIC suggests that Pattern's ability to compound capital is currently constrained by the operational overhead required to manage global inventory. Without a sustained shift toward higher-margin service revenue, the company may struggle to maintain a return on invested capital that consistently exceeds its cost of capital.
As reported in recent financial statements, the cash conversion cycle has shown extreme variance, ranging from 24 to 127 days, which indicates that Pattern's liquidity is heavily dependent on the timing of inventory procurement and the efficiency of its marketplace fulfillment partners.
The wide swings in the CCC suggest that the company's working capital management is highly reactive to seasonal demand shocks. Investors should investigate whether the recent improvement in turnover is a structural gain or merely a temporary result of aggressive inventory liquidation during peak holiday periods.
Based on an analysis of the company's principal-based model, the Price-to-Sales ratio is a misleading metric for Pattern, as it fails to distinguish between gross merchandise value and actual net revenue, thereby obscuring the true scale of the company's high-margin service and advertising business segments.
Analysts should prioritize contribution margin per SKU or adjusted EBITDA over top-line revenue multiples to better assess the company's underlying earning power. Relying on P/S ratios risks overestimating the company's profitability by failing to account for the significant COGS associated with its role as a principal distributor.
Includes 30+ ratios · 3 years · Updated daily
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Quick answers to the most common questions about buying PTRN stock.
Pattern Group Inc. Series A Common Stock's current P/E ratio is -31.8x. This places it at the 50th percentile of its historical range.
Pattern Group Inc. Series A Common Stock's current EV/EBITDA is 97.9x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 42.1x.
Pattern Group Inc. Series A Common Stock's return on equity (ROE) is 3.4%. The historical average is 12.1%.
Based on historical data, Pattern Group Inc. Series A Common Stock is trading at a P/E of -31.8x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Pattern Group Inc. Series A Common Stock has 42.9% gross margin and 1.0% operating margin.
Pattern Group Inc. Series A Common Stock's Debt/EBITDA ratio is 0.7x, indicating low leverage. A ratio below 2x is generally considered financially healthy.