Latest Ratios: P/E Ratio -16.3x · EV/EBITDA N/A · ROE -129.6%. (2019–2025 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 |
|---|---|---|---|---|---|---|---|---|
| Market Cap | $553M | $635M | $1.2B | $414M | $487M | $1.3B | — | — |
| Enterprise Value | $524M | $606M | $1.1B | $410M | $483M | $1.2B | — | — |
| P/E Ratio → | -16.31 | — | — | — | — | — | — | — |
| P/S Ratio | 1.96 | 2.25 | 4.65 | 1.90 | 2.52 | 9.74 | — | — |
| P/B Ratio | 23.13 | 27.23 | 42.28 | 26.66 | 22.18 | 15.79 | — | — |
| P/FCF | 42.05 | 48.30 | 42.38 | — | — | — | — | — |
| P/OCF | 37.77 | 43.38 | 38.54 | — | — | — | — | — |
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 |
|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 2.14 | 4.56 | 1.88 | 2.50 | 8.80 | — | — |
| EV / EBITDA | — | — | 1318.10 | — | — | — | — | — |
| EV / EBIT | — | — | — | — | — | — | — | — |
| EV / FCF | — | 46.08 | 41.50 | — | — | — | — | — |
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 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 79.5% | 79.5% | 78.1% | 78.4% | 72.4% | 76.9% | 77.1% | 70.9% |
| Operating Margin | -8.3% | -8.3% | -3.9% | -13.2% | -45.5% | -48.0% | -21.0% | -22.8% |
| Net Profit Margin | -11.7% | -11.7% | -4.6% | -13.5% | -43.3% | -50.1% | -23.5% | -25.1% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| ROE | -129.6% | -129.6% | -53.2% | -156.7% | -156.6% | -182.3% | — | — |
| ROA | -13.1% | -13.1% | -4.8% | -12.1% | -35.4% | -41.7% | -29.4% | -38.5% |
| ROIC | — | — | -99.2% | -146.2% | -359.9% | — | — | — |
| ROCE | -36.2% | -36.2% | -16.0% | -48.0% | -111.2% | -151.3% | — | — |
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 |
|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.86 | 1.86 | 1.44 | 4.34 | 3.38 | — | — | — |
| Debt / EBITDA | — | — | 45.99 | — | — | — | — | — |
| Net Debt / Equity | — | -1.25 | -0.88 | -0.28 | -0.17 | -1.52 | — | — |
| Net Debt / EBITDA | — | — | -27.94 | — | — | — | — | — |
| Debt / FCF | — | -2.21 | -0.88 | — | — | — | — | — |
| Interest Coverage | — | — | — | — | — | -34.85 | -11.70 | -14.17 |
Net cash position: cash ($72M) exceeds total debt ($43M)
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.76 | 0.76 | 0.80 | 0.79 | 0.79 | 1.40 | 0.81 | 0.44 |
| Quick Ratio | 0.76 | 0.76 | 0.80 | 0.79 | 0.79 | 1.40 | 0.81 | 0.44 |
| Cash Ratio | 0.37 | 0.37 | 0.36 | 0.39 | 0.43 | 0.96 | 0.49 | 0.10 |
| Asset Turnover | — | 1.08 | 1.03 | 0.91 | 0.79 | 0.61 | 0.90 | 1.54 |
| Inventory Turnover | — | — | 246.91 | — | — | — | — | — |
| Days Sales Outstanding | — | 69.83 | 75.50 | 82.52 | 74.02 | 84.96 | 100.52 | 99.33 |
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 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | — | — | — |
| FCF Yield | 2.4% | 2.1% | 2.4% | — | — | — | — | — |
| Buyback Yield | 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% | — | — |
| Shares Outstanding | — | $85M | $82M | $78M | $76M | $75M | $66M | $13M |
Persistent Operating Margin Deficit
As reported in recent financial filings, Similarweb's P/S ratio of 1.72 reflects a market valuation that appears to be discounting the company's decelerating top-line growth and persistent inability to achieve GAAP profitability, positioning it at a notable discount relative to higher-growth SaaS peers in the sector.
The current forward EV/EBITDA multiple of 4.42 suggests that investors are pricing in a significant improvement in operational efficiency that has yet to materialize in the income statement. This valuation level warrants caution, as it implies that any further deceleration in revenue growth could lead to additional multiple compression, especially given the company's historical reliance on high sales and marketing spend.
Based on the company's reported figures, ROIC has remained deeply negative, reaching -60.4% in 2025Q3, which indicates that the firm is currently destroying shareholder value rather than compounding it through its aggressive investment in data infrastructure and customer acquisition.
The persistent negative return on capital suggests that the company's core business model has not yet reached the scale required to offset the high fixed costs of its proprietary data panel. Investors should monitor whether management can pivot toward a more capital-efficient growth strategy, as the current trend of negative returns appears structurally linked to the high cost of maintaining its competitive moat.
According to recent quarterly data, Similarweb's asset turnover ratio has remained stagnant at approximately 0.29, suggesting that the company's asset base is not being utilized with increasing efficiency as the business scales its subscription-based revenue model across international markets.
The stability in asset turnover, combined with DSO levels hovering around 60 days, indicates that the company's working capital cycle is not currently providing a meaningful tailwind to cash flow. This lack of improvement in turnover suggests that the company's growth is capital-intensive and that the firm may struggle to improve its cash conversion cycle without a shift toward more automated, self-service customer onboarding.
As detailed in the 2026Q1 balance sheet, the company maintains a current ratio of 0.66, which, according to recent SEC filings, indicates a tightening liquidity position that may limit the firm's ability to absorb unexpected operational shocks or fund aggressive expansion without further capital market intervention.
The current ratio below 1.0 suggests that the company is relying heavily on the continuous inflow of subscription payments to meet its short-term obligations. This liquidity profile appears vulnerable, and any disruption in the timing of enterprise renewals could potentially force the company to seek external financing, which would be unfavorable in the current interest rate environment.
Based on an analysis of the company's business model, the P/S ratio is frequently misapplied by market participants who fail to adjust for the significant stock-based compensation that obscures the true economic cost of maintaining the firm's specialized engineering workforce and dilutes the value of reported revenue.
Investors should prioritize metrics like the Rule of 40 or adjusted free cash flow over simple revenue multiples, as the latter ignores the high OpEx required to sustain the company's data-as-a-service platform. Relying solely on P/S may lead to an overestimation of the company's intrinsic value by ignoring the persistent GAAP losses and the dilutive impact of equity-based incentives.
Includes 30+ ratios · 7 years · Updated daily
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Quick answers to the most common questions about buying SMWB stock.
Similarweb Ltd.'s current P/E ratio is -16.3x. This places it at the 50th percentile of its historical range.
Similarweb Ltd.'s return on equity (ROE) is -129.6%. The historical average is -135.7%.
Based on historical data, Similarweb Ltd. is trading at a P/E of -16.3x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Similarweb Ltd. has 79.5% gross margin and -8.3% operating margin.