Latest Ratios: P/E Ratio 99.0x · EV/EBITDA 25.0x · ROE 4.0%. (2015–2025 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 | $4.7B | $2.3B | $841M | $236M | $313M | $202M | $235M | $423M | $312M | $259M | — |
| Enterprise Value | $5.4B | $3.0B | $1.1B | $278M | $324M | $173M | $183M | $364M | $300M | $196M | — |
| P/E Ratio → | 99.02 | 69.65 | 56.43 | 10.21 | 15.28 | — | — | 8.28 | 7.56 | — | — |
| P/S Ratio | 7.54 | 3.66 | 2.69 | 0.81 | 0.98 | 1.27 | 2.29 | 1.75 | 1.58 | 3.85 | — |
| P/B Ratio | 3.91 | 2.75 | 1.26 | 0.75 | 0.99 | 0.68 | 0.75 | 1.03 | 0.92 | 1.02 | — |
| P/FCF | — | — | — | 9.90 | — | — | 6.01 | 5.28 | — | — | — |
| P/OCF | 22.43 | 10.89 | 14.17 | 2.68 | 4.60 | 12.24 | 5.37 | 3.68 | 2.68 | 9.71 | — |
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 | — | 4.82 | 3.37 | 0.95 | 1.01 | 1.08 | 1.78 | 1.51 | 1.52 | 2.91 | — |
| EV / EBITDA | 25.02 | 13.87 | 10.56 | 3.23 | 4.49 | 6.44 | — | 2.70 | 2.55 | 6.11 | — |
| EV / EBIT | 40.01 | 29.82 | 21.67 | 5.58 | 7.76 | — | — | 3.38 | 3.03 | 7.71 | — |
| EV / FCF | — | — | — | 11.66 | — | — | 4.67 | 4.55 | — | — | — |
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 | 45.9% | 45.9% | 25.9% | 26.9% | 21.8% | 10.4% | 9.9% | 52.6% | 59.8% | 65.1% | 44.2% |
| Operating Margin | 21.8% | 21.8% | 16.9% | 17.0% | 13.1% | -0.2% | -58.2% | 44.7% | 50.3% | 37.8% | 15.8% |
| Net Profit Margin | 4.8% | 4.8% | 5.0% | 8.3% | 6.6% | -0.5% | -28.5% | 21.5% | 21.5% | -6.2% | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 4.0% | 4.0% | 3.2% | 7.7% | 6.9% | -0.3% | -8.1% | 13.9% | 14.3% | -2.6% | — |
| ROA | 1.8% | 1.8% | 2.0% | 5.2% | 4.9% | -0.2% | -6.4% | 10.8% | 11.2% | -2.2% | — |
| ROIC | 8.3% | 8.3% | 6.4% | 10.9% | 10.5% | -0.1% | -14.6% | 23.8% | 28.6% | 14.6% | 3.3% |
| ROCE | 8.9% | 8.9% | 7.1% | 11.9% | 10.7% | -0.1% | -13.7% | 23.8% | 28.3% | 14.4% | 4.0% |
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 | 1.30 | 1.30 | 0.49 | 0.15 | 0.06 | 0.03 | 0.03 | 0.02 | 0.04 | 0.00 | 0.04 |
| Debt / EBITDA | 4.98 | 4.98 | 3.29 | 0.56 | 0.28 | 0.28 | — | 0.06 | 0.11 | 0.01 | 0.46 |
| Net Debt / Equity | — | 0.88 | 0.32 | 0.13 | 0.04 | -0.10 | -0.17 | -0.14 | -0.03 | -0.25 | -0.01 |
| Net Debt / EBITDA | 3.35 | 3.35 | 2.15 | 0.49 | 0.16 | -1.08 | — | -0.43 | -0.10 | -1.97 | -0.08 |
| Debt / FCF | — | — | — | 1.76 | — | — | -1.33 | -0.73 | — | — | — |
| Interest Coverage | 3.65 | 3.65 | 4.13 | 15.09 | 85.49 | -1.57 | -369.75 | 170.24 | 265.47 | 262.48 | 124.39 |
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 | 2.96 | 2.96 | 3.83 | 1.80 | 1.59 | 2.77 | 4.04 | 5.77 | 2.29 | 4.27 | 3.20 |
| Quick Ratio | 2.87 | 2.87 | 3.66 | 1.63 | 1.49 | 2.71 | 4.00 | 5.42 | 1.99 | 3.90 | 2.76 |
| Cash Ratio | 2.16 | 2.16 | 1.74 | 0.16 | 0.16 | 1.25 | 2.99 | 3.28 | 0.71 | 3.09 | 1.16 |
| Asset Turnover | — | 0.29 | 0.28 | 0.63 | 0.69 | 0.39 | 0.25 | 0.48 | 0.43 | 0.22 | 0.24 |
| Inventory Turnover | 23.31 | 23.31 | 21.20 | 32.08 | 47.31 | 86.26 | 97.26 | 16.04 | 7.58 | 3.12 | 7.43 |
| Days Sales Outstanding | — | 60.47 | 83.67 | 58.93 | 81.40 | 80.30 | 64.66 | 58.22 | 73.57 | 70.29 | 90.66 |
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 | 0.7% | 1.0% | 1.7% | 6.0% | 4.4% | 6.7% | 8.1% | 4.6% | 1.5% | 10.0% | — |
| Payout Ratio | 72.1% | 72.1% | 92.4% | 57.8% | 65.2% | — | — | 37.0% | 11.1% | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 1.0% | 1.4% | 1.8% | 9.8% | 6.5% | — | — | 12.1% | 13.2% | — | — |
| FCF Yield | — | — | — | 10.1% | — | — | 16.7% | 18.9% | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 1.2% | 11.8% | 0.4% | 0.4% | 11.5% | 1.0% | 0.4% | 0.0% | — |
| Total Shareholder Yield | 0.7% | 1.0% | 2.9% | 17.7% | 4.8% | 7.1% | 19.7% | 5.6% | 1.9% | 10.0% | — |
| Shares Outstanding | — | $50M | $29M | $30M | $31M | $31M | $29M | $30M | $26M | $12M | $10M |
Aggressive debt-funded expansion
According to current market data, SEI trades at a forward P/E of 56.65, a significant premium that suggests investors are pricing in aggressive growth expectations following the company's recent rebranding and pivot toward energy infrastructure, despite the lack of a clear PEG ratio to justify such multiples.
The elevated EV/EBITDA multiple of 28.82 relative to peers like ProFrac suggests the market is attempting to re-rate SEI as a technology-enabled infrastructure provider rather than a cyclical oilfield service firm. Investors should monitor whether this valuation can be sustained if the company fails to demonstrate consistent earnings growth that aligns with these high expectations.
Based on reported financial statements, SEI's ROIC has remained suppressed at 1.9% as of 2026Q1, indicating that the massive influx of capital into new infrastructure assets has yet to generate returns that exceed the company's cost of capital, warranting caution regarding future capital allocation efficiency.
The persistent low ROIC suggests that the recent aggressive expansion has diluted the company's historical ability to compound returns. The shift toward an asset-heavy model appears to be weighing on overall capital efficiency, and investors should look for signs of improved asset utilization before assuming this pivot will be value-accretive.
As reported in recent quarterly filings, SEI's asset turnover ratio has declined to 0.08 in 2026Q1, reflecting a significant decrease in revenue generation per dollar of assets compared to the 0.16 observed in 2024Q2, which highlights the challenges of integrating large-scale infrastructure assets into the existing operational framework.
The increase in the cash conversion cycle to 18 days, while seemingly manageable, masks the underlying volatility in DSO and DPO as the company scales. This trend suggests that management is currently prioritizing market share and asset deployment over the optimization of working capital, which may lead to liquidity friction if the completion cycle experiences a downturn.
According to the latest balance sheet data, SEI's debt-to-equity ratio has spiked to 1.46 in 2026Q1 from a lean 0.10 in 2024Q2, signaling a fundamental shift toward debt-funded growth that significantly increases the company's sensitivity to interest rate fluctuations and sector-specific demand volatility.
The rapid accumulation of debt to fund infrastructure acquisitions has reduced the company's financial flexibility, as evidenced by the tightening interest coverage ratio. Investors should monitor whether the current cash flow generation is sufficient to service this increased debt load without requiring further dilutive financing or asset divestitures.
Based on an analysis of SEI's financial structure, the most commonly misapplied metric is headline Net Income, which frequently obscures the company's true economic performance due to the complexities of its Up-C organizational structure and significant non-controlling interest adjustments that distort the earnings available to common shareholders.
Analysts should instead focus on adjusted EBITDA and free cash flow, as these metrics better capture the underlying cash-generative capacity of the business before the impact of structural accounting items. Relying on P/E ratios based on GAAP net income may lead to a fundamental misunderstanding of the company's valuation and its ability to fund future growth.
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Quick answers to the most common questions about buying SEI stock.
Solaris Energy Infrastructure, Inc.'s current P/E ratio is 99.0x. The historical average is 27.9x. This places it at the 100th percentile of its historical range.
Solaris Energy Infrastructure, Inc.'s current EV/EBITDA is 25.0x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 6.2x.
Solaris Energy Infrastructure, Inc.'s return on equity (ROE) is 4.0%. The historical average is 4.3%.
Based on historical data, Solaris Energy Infrastructure, Inc. is trading at a P/E of 99.0x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Solaris Energy Infrastructure, Inc.'s current dividend yield is 0.67% with a payout ratio of 72.1%.
Solaris Energy Infrastructure, Inc. has 45.9% gross margin and 21.8% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
Solaris Energy Infrastructure, Inc.'s Debt/EBITDA ratio is 5.0x, indicating high leverage. A ratio above 4x may signal elevated financial risk.