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RITRReitar Logtech Holdings Limited Ordinary shares
$0.37$23M
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Reitar Logtech Holdings Limited Ordinary shares (RITR) Financial Ratios

Latest Ratios: P/E Ratio 22.1x · EV/EBITDA 15.7x · ROE 6.2%. (2021–2025 historical series)

Income StatementBalance SheetCash FlowRatios
AnnualQuarterly

RITR Valuation Multiples

Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Market Cap$23M$169M————
Enterprise Value$31M$230M————
P/E Ratio →22.1220.77————
P/S Ratio0.470.45————
P/B Ratio1.141.07————
P/FCF——————
P/OCF——————

P/E links to full P/E history page with 30-year chart

RITR EV Ratios

Enterprise-value multiples — capital-structure-neutral measures of total business value

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021
EV / Revenue—0.61————
EV / EBITDA15.7515.03————
EV / EBIT24.6319.86————
EV / FCF——————

RITR Profitability

Margins and return-on-capital ratios measuring operating efficiency

Margins

Full margin charts and quarterly trend are on the Earnings History page

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Gross Margin15.9%15.9%23.5%27.2%25.6%15.1%
Operating Margin2.6%2.6%11.2%11.1%16.3%7.0%
Net Profit Margin2.1%2.1%7.8%13.8%1.7%0.8%

Return on Capital

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021
ROE6.2%6.2%2.9%3.5%50.2%25.3%
ROA2.7%2.7%1.1%1.2%6.8%1.9%
ROIC4.1%4.1%2.9%3.5%449.5%—
ROCE7.6%7.6%3.9%2.6%479.3%221.0%

RITR Leverage & Debt

Solvency and debt-coverage ratios — lower is generally safer

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Debt / Equity0.520.520.470.190.670.62
Debt / EBITDA5.335.3310.9111.050.220.28
Net Debt / Equity—0.390.40-0.40-0.48-4.04
Net Debt / EBITDA4.004.009.40-22.80-0.15-1.83
Debt / FCF———-0.64-1.29-0.57
Interest Coverage4.304.3018.1143.94140.45494.54

RITR Liquidity & Efficiency

Short-term solvency ratios and asset-utilisation metrics

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Current Ratio1.581.581.321.281.211.08
Quick Ratio1.581.581.321.281.211.08
Cash Ratio0.120.120.040.390.250.39
Asset Turnover—1.130.130.053.422.45
Inventory Turnover——————
Days Sales Outstanding—224.181752.313630.9582.3779.81

RITR Shareholder Yields

Earnings, FCF, buyback, and dividend yields — total returns to shareholders

Dividends

Full dividend history and growth charts are on the Dividend History page

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Dividend Yield——————
Payout Ratio————434.6%1377.0%

Total Shareholder Return Metrics

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Earnings Yield4.5%4.8%————
FCF Yield——————
Buyback Yield0.0%0.0%————
Total Shareholder Yield0.0%0.0%————
Shares Outstanding—$62M$60M$60M$63M$63M

Key Metrics

Growth RegimeContracting
ProfitabilityNegative
Balance SheetVulnerable
Cash FlowBurning
Top Statement Risk

Project-based revenue volatility

Valuation Disconnected From Operational Reality

Based on current market data, RITR trades at a P/S of 0.66 and an EV/EBITDA of 20.33, which appears disconnected from the company's recent negative profitability and the 71.4% year-over-year revenue contraction reported in the most recent quarterly financial statements.

The elevated EV/EBITDA multiple suggests that the market may be pricing in a recovery that is not supported by the current trajectory of the business. Investors should monitor whether this valuation premium is a result of miscategorization as a high-growth technology firm rather than a cyclical engineering contractor.

Capital Returns Deteriorating Into Negative Territory

As reported in recent financial filings, RITR's ROIC has plummeted to -7.3% in 2026Q2, marking a significant reversal from the 15.1% return on invested capital achieved in 2023Q4, indicating a rapid decay in the company's ability to generate value from its capital base.

This decline in ROIC reflects the company's struggle to maintain margins amidst rising costs and project execution challenges. The shift from value creation to value destruction warrants further investigation into whether the firm's recent capital expenditures are yielding any tangible long-term competitive advantages.

Working Capital Efficiency Facing Structural Headwinds

According to the latest quarterly data, RITR's DSO has ballooned to 279 days, a significant increase from the 86 days observed in 2023Q4, which suggests that the company is facing substantial difficulties in converting its project-based revenue into actual cash collections.

The lengthening of the collection cycle indicates a potential deterioration in the credit quality of the firm's client base or an inability to enforce payment terms on large-scale construction contracts. This inefficiency places additional strain on the company's liquidity, as it must fund operations while waiting for receivables to materialize.

Rising Leverage Amidst Operational Contraction

Based on reported figures, RITR's debt-to-equity ratio has increased to 0.52 as of 2026Q2, up from 0.19 in 2023Q4, signaling that the firm is increasingly reliant on external debt to sustain its operations during this period of significant financial contraction.

The rising debt burden, coupled with negative interest coverage, suggests that the company's ability to service its obligations is becoming increasingly precarious. Investors should monitor the firm's refinancing risk, as the current cash flow profile appears insufficient to support the existing debt structure without further capital injections.

Misapplication of Revenue Growth Metrics

The most commonly misapplied metric for RITR is the year-over-year revenue growth rate, which, at 1074% in previous periods, obscures the lumpy, project-based nature of the business and fails to account for the high cost of revenue associated with specialized engineering services.

Analysts often mistake this top-line volatility for scalable growth, ignoring the fact that the company's operating margins are thin and highly sensitive to subcontracting costs. A more appropriate metric would be the backlog-to-revenue conversion rate, which provides a clearer view of the firm's actual operational sustainability.

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Includes 30+ ratios · 5 years · Updated daily

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RITR — Frequently Asked Questions

Quick answers to the most common questions about buying RITR stock.

What is Reitar Logtech Holdings Limited Ordinary shares's P/E ratio?

Reitar Logtech Holdings Limited Ordinary shares's current P/E ratio is 22.1x. The historical average is 20.8x. This places it at the 100th percentile of its historical range.

What is Reitar Logtech Holdings Limited Ordinary shares's EV/EBITDA?

Reitar Logtech Holdings Limited Ordinary shares's current EV/EBITDA is 15.7x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 15.0x.

What is Reitar Logtech Holdings Limited Ordinary shares's ROE?

Reitar Logtech Holdings Limited Ordinary shares's return on equity (ROE) is 6.2%. The historical average is 17.6%.

Is RITR stock overvalued?

Based on historical data, Reitar Logtech Holdings Limited Ordinary shares is trading at a P/E of 22.1x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.

What are Reitar Logtech Holdings Limited Ordinary shares's profit margins?

Reitar Logtech Holdings Limited Ordinary shares has 15.9% gross margin and 2.6% operating margin.

How much debt does Reitar Logtech Holdings Limited Ordinary shares have?

Reitar Logtech Holdings Limited Ordinary shares's Debt/EBITDA ratio is 5.3x, indicating high leverage. A ratio above 4x may signal elevated financial risk.