Latest Ratios: P/E Ratio -9.1x · EV/EBITDA N/A · ROE -25.2%. (2013–2025 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 | $101M | $42M | $24M | $15M | $19M | $34M | $34M | $20M | $27M | $25M | $14M |
| Enterprise Value | $112M | $52M | $30M | $20M | $20M | $36M | $34M | $20M | $27M | $23M | $8M |
| P/E Ratio → | -9.08 | — | — | — | — | — | — | — | — | — | — |
| P/S Ratio | — | — | — | — | — | — | — | 50.40 | 78.85 | 89.61 | 0.08 |
| P/B Ratio | 2.38 | 1.24 | 0.63 | 0.36 | 0.40 | 0.73 | 0.73 | 0.43 | 0.55 | 0.52 | 0.41 |
| 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 | — | — | — | — | — | — | — | 49.24 | 77.98 | 82.80 | 0.05 |
| 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 | — | — | — | — | — | — | — | 99.3% | 98.9% | 98.3% | 100.0% |
| Operating Margin | — | — | — | — | — | — | — | -1488.7% | -1865.6% | -2847.7% | -1.8% |
| Net Profit Margin | — | — | — | — | — | — | — | -1491.0% | -1760.8% | -1546.2% | -3.2% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -25.2% | -25.2% | -19.9% | -14.5% | -16.7% | -12.5% | -13.6% | -12.4% | -12.4% | -10.5% | -14.7% |
| ROA | -16.6% | -16.6% | -14.6% | -11.7% | -14.2% | -10.9% | -12.5% | -11.9% | -11.9% | -10.1% | -14.1% |
| ROIC | -11.9% | -11.9% | -13.8% | -9.7% | -11.6% | -9.2% | -10.9% | -9.3% | -10.1% | -16.1% | -7.8% |
| ROCE | -13.0% | -13.0% | -16.9% | -12.4% | -13.8% | -11.0% | -13.4% | -12.1% | -12.9% | -18.9% | -7.9% |
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 | 0.35 | 0.35 | 0.30 | 0.14 | 0.09 | 0.09 | 0.11 | — | — | — | — |
| Debt / EBITDA | — | — | — | — | — | — | — | — | — | — | — |
| Net Debt / Equity | — | 0.31 | 0.16 | 0.12 | 0.04 | 0.02 | -0.00 | -0.01 | -0.01 | -0.04 | -0.17 |
| Net Debt / EBITDA | — | — | — | — | — | — | — | — | — | — | — |
| Debt / FCF | — | — | — | — | — | — | — | — | — | — | — |
| Interest Coverage | -4.34 | -4.34 | -5.89 | -13.01 | -17.95 | -12.35 | -15.52 | -629.69 | -1081.67 | -3207.98 | -24731.28 |
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 | 4.10 | 4.10 | 9.86 | 0.25 | 4.97 | 4.49 | 5.44 | 0.75 | 0.54 | 1.97 | 13.30 |
| Quick Ratio | 4.10 | 4.10 | 9.86 | 0.25 | 4.97 | 4.49 | 5.44 | 0.75 | 0.54 | 1.97 | 12.94 |
| Cash Ratio | 2.05 | 2.05 | 7.93 | 0.09 | 3.28 | 3.28 | 5.03 | 0.43 | 0.29 | 1.75 | 10.49 |
| Asset Turnover | — | — | — | — | — | — | — | 0.01 | 0.01 | 0.01 | 4.70 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | 0.02 |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | 20.55 | 1.77 |
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 | — | — | — | — | — | — | — | — | — | — | — |
| FCF Yield | — | — | — | — | — | — | — | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 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% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Shares Outstanding | — | $68M | $60M | $49M | $42M | $36M | $28M | $26M | $22M | $16M | $9M |
Regulatory Permitting Delays
According to recent financial data, PZG trades at a price-to-book ratio of 2.32, which appears to reflect speculative market expectations for its mineral assets rather than any tangible earnings, as the company currently lacks the revenue streams necessary to support traditional P/E or EV/EBITDA valuation metrics.
The absence of positive earnings or EBITDA renders standard valuation multiples largely irrelevant for assessing the company's intrinsic value. Investors should interpret the current P/B ratio as a proxy for the market's assessment of the company's geological potential, which remains heavily discounted due to the ongoing regulatory hurdles in Oregon.
As reported in financial statements, PZG's ROIC has trended negatively, reaching -5.0% in 2026Q3, which suggests that the company is currently destroying shareholder value by deploying capital into non-productive exploration activities without achieving the necessary regulatory milestones to unlock future project-based returns.
The consistent decline in return metrics highlights the fundamental challenge of a pre-revenue developer that must continuously fund overhead and land maintenance. This trend indicates that until the Grassy Mountain project reaches a production phase, capital efficiency will remain structurally impaired by the lack of operational output.
Based on the company's reported figures, the current ratio has fluctuated significantly, dropping to 2.71 in 2026Q3 from a high of 10.50 in 2025Q1, which indicates a rapidly tightening liquidity position that leaves the firm increasingly vulnerable to operational shocks or unexpected regulatory delays.
The sharp contraction in the current ratio suggests that the company's ability to cover short-term obligations is diminishing as cash reserves are depleted. This trend warrants close monitoring, as the firm may soon face a liquidity crunch that necessitates further dilutive financing to maintain its mining claims.
As indicated by the financial statements, PZG maintains a debt-to-equity ratio of 0.33, which, while appearing modest, represents a significant burden for a pre-revenue entity that lacks the operational cash flow required to service interest payments, as evidenced by the negative interest coverage ratio of -5.63.
The negative interest coverage ratio underscores the company's reliance on external capital to meet its debt obligations. This structural weakness implies that any further increase in leverage could jeopardize the company's ability to continue as a going concern without significant equity dilution or asset divestment.
Investors frequently misapply P/E ratios to PZG, which obscures the reality that the company is a pre-revenue developer where earnings are non-existent, and instead, analysts should focus on Net Asset Value (NAV) per share to better capture the potential value of its mineral reserves.
Using earnings-based metrics for a junior miner is fundamentally flawed because it ignores the long-term nature of resource development and the high probability of continued losses during the permitting phase. A focus on NAV per share, adjusted for the probability of regulatory success, provides a more accurate reflection of the company's true economic potential.
Includes 30+ ratios · 13 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 PZG stock.
Paramount Gold Nevada Corp.'s current P/E ratio is -9.1x. This places it at the 50th percentile of its historical range.
Paramount Gold Nevada Corp.'s return on equity (ROE) is -25.2%. The historical average is -19.2%.
Based on historical data, Paramount Gold Nevada Corp. is trading at a P/E of -9.1x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.