Latest Ratios: P/E Ratio 2627.1x · EV/EBITDA 52.0x · ROE 0.2%. (1996–2025 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 | $200M | $84M | $43M | $30M | $55M | $77M | $41M | $59M | $74M | $22M | $15M |
| Enterprise Value | $221M | $106M | $71M | $60M | $83M | $66M | $30M | $46M | $58M | $17M | $10M |
| P/E Ratio → | 2627.14 | 1117.14 | — | — | 38.64 | 12.48 | — | 16.50 | 12.72 | 61.25 | — |
| P/S Ratio | 2.48 | 1.05 | 0.67 | 0.42 | 0.65 | 1.35 | 0.96 | 1.06 | 1.48 | 0.71 | 0.51 |
| P/B Ratio | 5.63 | 2.39 | 1.27 | 0.77 | 1.32 | 1.95 | 1.29 | 1.86 | 2.68 | 1.02 | 0.72 |
| P/FCF | 45.94 | 19.39 | 17.88 | 17.88 | 255.35 | — | 9.61 | — | 12.51 | 15.32 | — |
| P/OCF | 43.58 | 18.39 | 13.71 | 7.27 | 19.16 | — | 9.11 | — | 11.98 | 13.68 | — |
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 | — | 1.31 | 1.10 | 0.84 | 0.98 | 1.14 | 0.70 | 0.83 | 1.16 | 0.54 | 0.33 |
| EV / EBITDA | 52.04 | 24.89 | — | — | 16.10 | 12.68 | 45.76 | 8.98 | 7.30 | 23.46 | 1011.84 |
| EV / EBIT | 123.85 | 59.24 | — | — | 52.52 | 9.11 | — | 10.09 | 7.75 | 71.71 | — |
| EV / FCF | — | 24.34 | 29.37 | 35.42 | 384.11 | — | 6.94 | — | 9.77 | 11.67 | — |
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 | 33.2% | 33.2% | 24.8% | 22.7% | 25.4% | 28.4% | 22.2% | 25.6% | 31.1% | 19.9% | 25.5% |
| Operating Margin | 2.2% | 2.2% | -4.0% | -4.0% | 4.1% | 7.7% | -0.8% | 8.2% | 14.8% | 0.7% | -3.4% |
| Net Profit Margin | 0.1% | 0.1% | -10.2% | -4.3% | 1.7% | 10.8% | -0.2% | 6.4% | 13.2% | 1.2% | -13.5% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 0.2% | 0.2% | -17.9% | -7.5% | 3.6% | 17.2% | -0.3% | 11.9% | 27.0% | 1.8% | -17.1% |
| ROA | 0.1% | 0.1% | -8.3% | -3.4% | 2.0% | 13.4% | -0.2% | 9.9% | 22.5% | 1.5% | -13.9% |
| ROIC | 2.3% | 2.3% | -3.0% | -3.1% | 5.3% | 13.6% | -1.4% | 22.5% | 40.5% | 0.9% | -4.4% |
| ROCE | 3.3% | 3.3% | -4.1% | -3.9% | 6.1% | 11.6% | -1.1% | 15.2% | 29.3% | 0.9% | -4.1% |
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 | 0.76 | 0.76 | 0.84 | 0.87 | 0.78 | 0.04 | 0.13 | — | — | — | — |
| Debt / EBITDA | 6.26 | 6.26 | — | — | 6.27 | 0.29 | 6.57 | — | — | — | — |
| Net Debt / Equity | — | 0.61 | 0.82 | 0.75 | 0.67 | -0.29 | -0.36 | -0.40 | -0.59 | -0.24 | -0.25 |
| Net Debt / EBITDA | 5.06 | 5.06 | — | — | 5.40 | -2.23 | -17.58 | -2.45 | -2.05 | -7.35 | -525.80 |
| Debt / FCF | — | 4.95 | 11.49 | 17.54 | 128.76 | — | -2.67 | — | -2.75 | -3.65 | — |
| Interest Coverage | — | — | — | — | 2.64 | — | — | — | 56.35 | — | -0.82 |
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 | 1.67 | 1.67 | 1.61 | 2.88 | 2.37 | 4.34 | 4.63 | 5.54 | 6.05 | 4.67 | 4.30 |
| Quick Ratio | 1.02 | 1.02 | 0.80 | 1.38 | 1.29 | 3.15 | 3.34 | 4.18 | 4.54 | 2.97 | 2.76 |
| Cash Ratio | 0.24 | 0.24 | 0.05 | 0.39 | 0.23 | 1.39 | 2.37 | 2.06 | 3.46 | 1.45 | 1.35 |
| Asset Turnover | — | 1.05 | 0.91 | 0.83 | 0.92 | 1.13 | 1.03 | 1.47 | 1.51 | 1.19 | 1.14 |
| Inventory Turnover | 3.92 | 3.92 | 3.31 | 2.98 | 3.02 | 3.68 | 3.90 | 4.99 | 4.86 | 2.75 | 3.74 |
| Days Sales Outstanding | — | 67.36 | 68.20 | 51.98 | 63.41 | 85.96 | 48.07 | 80.42 | 31.09 | 34.22 | 49.21 |
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 | — | — | — | — | — | — | 0.9% | 1.3% | 1.0% | 3.2% | 7.4% |
| Payout Ratio | — | — | — | — | — | — | — | 21.2% | 11.0% | 185.1% | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 0.0% | 0.1% | — | — | 2.6% | 8.0% | — | 6.1% | 7.9% | 1.6% | — |
| FCF Yield | 2.2% | 5.2% | 5.6% | 5.6% | 0.4% | — | 10.4% | — | 8.0% | 6.5% | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 7.8% | 0.0% | 0.0% | 0.0% | 1.0% |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 8.7% | 1.3% | 1.0% | 3.2% | 8.4% |
| Shares Outstanding | — | $11M | $10M | $10M | $10M | $10M | $10M | $10M | $10M | $9M | $9M |
Thin operating margin buffer
Based on reported figures, RFIL trades at a trailing P/E of 3061.43 and an EV/EBITDA of 59.81, suggesting that current market pricing is heavily predicated on future earnings recovery rather than existing profitability, which remains significantly lower than established industrial peers like Belden or Amphenol.
The extreme valuation multiples indicate that investors are pricing the company as a turnaround play rather than a mature industrial entity. This valuation appears disconnected from the current reality of razor-thin net margins, implying that the market expects a significant inflection in operating leverage that has yet to materialize in the financial data.
As reported in financial statements, RFIL's ROIC has struggled to maintain positive territory, hovering at 1.5% in 2026Q2, which suggests that the company is currently failing to generate returns on invested capital that exceed its cost of capital, thereby hindering long-term value creation for shareholders.
The persistent low ROIC reflects the difficulty of achieving scale in a high-mix, low-volume manufacturing environment. Without a meaningful improvement in operating margins, the company's capital allocation strategy may continue to result in value destruction rather than compounding, warranting further investigation into the returns on recent acquisitions.
According to recent quarterly data, the company's cash conversion cycle remains elevated at 131 days in 2026Q2, driven by high inventory days of 94, which indicates that capital is being inefficiently tied up in stock rather than being deployed toward more productive operational or strategic initiatives.
The extended CCC suggests that RFIL faces significant challenges in managing its supply chain and inventory turnover, which is particularly problematic given the cyclical nature of its telecom infrastructure demand. Investors should monitor whether management can optimize these working capital components to improve free cash flow generation.
Based on the company's historical financial performance, the Price-to-Earnings ratio is a fundamentally flawed metric for assessing RFIL, as the extreme volatility in net income renders the P/E multiple highly misleading and obscures the underlying operational health of the business model.
Because the company frequently operates near the break-even threshold, small fluctuations in operating expenses or non-recurring items cause massive swings in the P/E ratio. Analysts should instead prioritize Price-to-Sales or EV/EBITDA to better gauge the company's market valuation relative to its revenue-generating capacity and core operational profitability.
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying RFIL stock.
RF Industries, Ltd.'s current P/E ratio is 2627.1x. The historical average is 22.3x. This places it at the 100th percentile of its historical range.
RF Industries, Ltd.'s current EV/EBITDA is 52.0x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 11.8x.
RF Industries, Ltd.'s return on equity (ROE) is 0.2%. The historical average is 7.4%.
Based on historical data, RF Industries, Ltd. is trading at a P/E of 2627.1x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
RF Industries, Ltd. has 33.2% gross margin and 2.2% operating margin.
RF Industries, Ltd.'s Debt/EBITDA ratio is 6.3x, indicating high leverage. A ratio above 4x may signal elevated financial risk.