Latest Ratios: P/E Ratio -0.2x · EV/EBITDA N/A · ROE N/A. (2006–2025 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 | $9M | $34M | $34M | $96M | $81M | $9M | $13M | $29M | $31M | — | — |
| Enterprise Value | $21M | $45M | $27M | $87M | $82M | $10M | $20M | $37M | $32M | — | — |
| P/E Ratio → | -0.23 | — | — | 4.67 | — | — | — | — | — | — | — |
| P/S Ratio | 0.15 | 0.59 | 0.56 | 0.70 | 0.67 | 0.17 | 0.23 | 1.12 | 2.03 | — | — |
| P/B Ratio | — | — | 2.23 | 3.39 | 15.89 | 2.49 | — | — | — | — | — |
| P/FCF | — | — | — | 9.62 | 858.73 | — | — | — | — | — | — |
| P/OCF | — | — | — | 9.36 | 102.50 | — | — | — | — | — | — |
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 | — | 0.80 | 0.44 | 0.63 | 0.68 | 0.20 | 0.36 | 1.44 | 2.09 | — | — |
| EV / EBITDA | — | — | — | 4.36 | 50.78 | — | — | — | — | — | — |
| EV / EBIT | — | — | — | 4.59 | 58.62 | — | — | — | — | — | — |
| EV / FCF | — | — | — | 8.70 | 870.09 | — | — | — | — | — | — |
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 | -18.6% | -18.6% | -23.5% | 26.0% | 11.1% | 12.1% | 4.5% | 12.1% | 43.8% | 48.7% | 29.4% |
| Operating Margin | -59.9% | -59.9% | -68.6% | 13.8% | 0.5% | -11.7% | -18.6% | -30.2% | -10.1% | -144.7% | -94.2% |
| Net Profit Margin | -63.3% | -63.3% | -75.1% | 15.0% | -0.6% | -26.5% | -19.7% | -32.8% | -10.1% | -138.5% | -139.5% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | — | — | -209.5% | 123.0% | -15.7% | -381.0% | — | — | — | -326.2% | — |
| ROA | -222.0% | -222.0% | -138.8% | 54.3% | -2.5% | -100.9% | -123.9% | -120.1% | -42.6% | -72.0% | -184.6% |
| ROIC | -1135.0% | -1135.0% | -229.7% | 111.3% | 8.5% | -738.6% | — | -509.7% | -731.0% | -198.8% | -399.4% |
| ROCE | -828.3% | -828.3% | -177.3% | 94.9% | 6.3% | -786.7% | — | -698.4% | — | -313.9% | — |
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 | — | — | 0.30 | 0.19 | 1.58 | 2.16 | — | — | — | 1.80 | — |
| Debt / EBITDA | — | — | — | 0.27 | 5.00 | — | — | — | — | — | — |
| Net Debt / Equity | — | — | -0.47 | -0.32 | 0.21 | 0.39 | — | — | — | 1.45 | — |
| Net Debt / EBITDA | — | — | — | -0.46 | 0.66 | — | — | — | — | — | — |
| Debt / FCF | — | — | — | -0.92 | 11.36 | — | — | — | — | — | — |
| Interest Coverage | -17.03 | -17.03 | -76.71 | 31.84 | 0.72 | -0.80 | -1.71 | -36.21 | -9.39 | -65.08 | -1.77 |
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 | 0.38 | 0.38 | 2.95 | 2.63 | 1.17 | 1.39 | 0.08 | 0.51 | 0.64 | 0.13 | 0.19 |
| Quick Ratio | 0.37 | 0.37 | 2.66 | 1.91 | 0.70 | 0.95 | 0.07 | 24472.99 | 0.64 | -0.08 | -0.01 |
| Cash Ratio | 0.10 | 0.10 | 1.95 | 1.15 | 0.30 | 0.63 | 0.04 | 0.05 | 0.09 | 0.09 | 0.02 |
| Asset Turnover | — | 6.69 | 2.54 | 3.27 | 3.57 | 2.62 | 7.43 | 2.58 | 3.73 | 0.45 | 1.40 |
| Inventory Turnover | 198.93 | 198.93 | 42.22 | 11.22 | 9.66 | 10.30 | 291.28 | — | 789.01 | 1.41 | 2.88 |
| Days Sales Outstanding | — | 25.92 | 17.99 | 25.38 | 27.72 | 23.23 | 2.64 | 44.41 | 29.87 | 14.30 | 14.00 |
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 | — | — | — | 21.4% | — | — | — | — | — | — | — |
| FCF Yield | — | — | — | 10.4% | 0.1% | — | — | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 1.9% | 0.0% | 0.0% | 0.0% | 4.0% | 0.0% | 0.0% | — | — |
| Total Shareholder Yield | 0.0% | 0.0% | 1.9% | 0.0% | 0.0% | 0.0% | 4.0% | 0.0% | 0.0% | — | — |
| Shares Outstanding | — | $20M | $19M | $15M | $12M | $4M | $2M | $2M | $2M | $2M | $895926 |
Liquidity and Solvency Risk
Based on reported financial data, SurgePays trades at a P/S multiple of 0.14, which, according to recent market filings, suggests that investors are heavily discounting the company's future revenue potential due to the persistent absence of positive earnings and the expiration of critical federal subsidy programs.
The lack of meaningful P/E or EV/EBITDA multiples underscores the market's view of the company as a distressed asset rather than a growth-oriented software firm. This valuation compression appears to be a rational response to the company's inability to demonstrate a path toward sustainable profitability or positive cash flow generation.
As reported in financial statements, the company's ROIC has plummeted from a positive 6.9% in 2024Q1 to a deeply negative -116.9% by 2025Q3, indicating that capital allocation has failed to generate value and is instead eroding the firm's underlying equity base at an accelerating rate.
The consistent decline in return metrics suggests that management's strategy of aggressive expansion into niche retail markets has not achieved the necessary scale to offset high operating costs. Investors should monitor whether the current capital structure can support further operations without significant dilution or additional debt financing.
According to recent SEC filings, the company's cash conversion cycle has fluctuated significantly, reaching -30 days in 2026Q1, a metric that appears to be driven more by aggressive management of payables than by genuine operational efficiency or sustainable improvements in the underlying business model.
While a negative CCC can sometimes signal strong bargaining power, in this context, it likely reflects a desperate attempt to preserve liquidity by delaying payments to suppliers. The volatility in DSO and DIO suggests that the company's inventory and receivables management remains highly sensitive to shifting demand and subsidy cycles.
Based on the latest quarterly filings, the company's current ratio has deteriorated to 0.32, a level that, as reported in financial statements, indicates a severe inability to cover short-term obligations with existing liquid assets, thereby heightening the risk of a near-term liquidity crisis for the firm.
The rapid decline from a current ratio of 7.38 in 2024Q2 highlights the exhaustion of the company's financial cushion. This precarious position warrants further investigation into the company's ability to secure additional funding, as current cash reserves appear insufficient to sustain ongoing operating losses.
Investors frequently misapply traditional SaaS valuation multiples to SurgePays, ignoring that the company's financial profile, characterized by negative gross margins, more closely resembles a distressed telecommunications reseller than a high-margin software application provider, according to an analysis of recent industry-specific financial data.
Using P/S or growth-based multiples obscures the reality that the company's revenue is tied to low-margin, subsidy-dependent services rather than scalable software subscriptions. A more appropriate framework would focus on unit economics and cash burn rates, which better capture the structural risks inherent in the current business model.
Includes 30+ ratios · 19 years · Updated daily
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Quick answers to the most common questions about buying SURG stock.
SurgePays, Inc.'s current P/E ratio is -0.2x. The historical average is 4.7x.
Based on historical data, SurgePays, Inc. is trading at a P/E of -0.2x. Compare with industry peers and growth rates for a complete picture.
SurgePays, Inc. has -18.6% gross margin and -59.9% operating margin.