Latest Ratios: P/E Ratio 9.9x · EV/EBITDA 86.5x · ROE 5.4%. (1995–2024 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $10M | $14M | $21M | $21M | $24M | $19M | $17M | $10M | $9M | $7M | $5M |
| Enterprise Value | $6M | $9M | $15M | $16M | $18M | $13M | $11M | $5M | $7M | $4M | $3M |
| P/E Ratio → | 9.94 | 15.18 | 11.39 | 6.57 | 11.85 | 14.13 | 28.40 | 7.21 | 14.00 | — | — |
| P/S Ratio | 2.46 | 3.28 | 3.49 | 2.49 | 2.76 | 2.84 | 2.45 | 1.20 | 1.24 | 0.96 | 0.96 |
| P/B Ratio | 0.54 | 0.82 | 1.26 | 1.30 | 1.66 | 1.44 | 1.29 | 0.78 | 0.80 | 0.57 | 0.36 |
| P/FCF | — | — | 7.25 | 12.43 | 13.85 | 9.35 | 11.88 | 4.31 | 27.02 | 5.35 | 22.87 |
| P/OCF | — | — | 6.76 | 12.42 | 13.70 | 9.27 | 11.74 | 4.30 | 24.44 | 5.33 | 19.78 |
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 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 2.26 | 2.47 | 1.87 | 2.07 | 1.87 | 1.66 | 0.65 | 0.88 | 0.52 | 0.57 |
| EV / EBITDA | 86.49 | 135.64 | 11.03 | 6.66 | 7.87 | 10.11 | 12.87 | 3.40 | 6.77 | — | — |
| EV / EBIT | — | — | 12.57 | 8.64 | 7.46 | 9.20 | 13.99 | 3.79 | 8.51 | — | — |
| EV / FCF | — | — | 5.14 | 9.35 | 10.38 | 6.16 | 8.08 | 2.35 | 19.18 | 2.92 | 13.62 |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 51.1% | 51.1% | 56.5% | 52.2% | 47.7% | 49.0% | 45.3% | 44.0% | 39.4% | -10.8% | 31.1% |
| Operating Margin | -2.5% | -2.5% | 19.6% | 26.5% | 24.2% | 15.7% | 10.3% | 17.3% | 10.4% | -41.5% | -6.0% |
| Net Profit Margin | 21.8% | 21.8% | 30.2% | 38.1% | 23.3% | 20.3% | 11.4% | 16.8% | 9.2% | -45.0% | -10.3% |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 5.4% | 5.4% | 11.2% | 21.0% | 14.6% | 10.4% | 6.1% | 11.2% | 6.0% | -23.1% | -3.8% |
| ROA | 5.1% | 5.1% | 10.5% | 18.7% | 12.8% | 9.8% | 5.6% | 10.0% | 5.1% | -19.4% | -3.3% |
| ROIC | -0.7% | -0.7% | 8.3% | 17.3% | 20.7% | 11.1% | 6.7% | 12.3% | 6.7% | -19.9% | -1.9% |
| ROCE | -0.6% | -0.6% | 7.3% | 14.6% | 15.1% | 8.0% | 5.5% | 11.3% | 6.3% | -19.9% | -2.1% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | — | — | — | — | — | 0.01 | — | — | 0.04 | 0.09 | 0.10 |
| Debt / EBITDA | — | — | — | — | — | 0.13 | — | — | 0.50 | — | — |
| Net Debt / Equity | — | -0.25 | -0.37 | -0.32 | -0.42 | -0.49 | -0.41 | -0.35 | -0.23 | -0.26 | -0.14 |
| Net Debt / EBITDA | -60.99 | -60.99 | -4.54 | -2.20 | -2.63 | -5.23 | -6.07 | -2.84 | -2.77 | — | — |
| Debt / FCF | — | — | -2.11 | -3.09 | -3.47 | -3.19 | -3.81 | -1.96 | -7.83 | -2.43 | -9.25 |
| Interest Coverage | — | — | — | — | — | — | — | 157.67 | 20.82 | -63.54 | -7.53 |
Net cash position: cash ($4M) exceeds total debt ($0)
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 12.00 | 12.00 | 11.01 | 11.97 | 5.07 | 12.68 | 12.77 | 7.84 | 7.71 | 7.07 | 7.14 |
| Quick Ratio | 9.25 | 9.25 | 8.78 | 8.07 | 3.15 | 8.57 | 8.19 | 4.26 | 3.57 | 3.32 | 2.25 |
| Cash Ratio | 8.75 | 8.75 | 8.46 | 7.24 | 2.75 | 7.77 | 6.78 | 3.50 | 2.69 | 2.98 | 2.00 |
| Asset Turnover | — | 0.23 | 0.34 | 0.49 | 0.50 | 0.47 | 0.50 | 0.59 | 0.56 | 0.49 | 0.31 |
| Inventory Turnover | 0.69 | 0.69 | 1.02 | 1.03 | 0.86 | 0.97 | 1.03 | 1.00 | 0.93 | 1.52 | 0.43 |
| Days Sales Outstanding | — | 37.11 | 5.50 | 29.60 | 38.01 | 34.83 | 54.99 | 40.00 | 46.83 | 12.30 | 18.72 |
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 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 13.5% | 8.9% | 5.6% | 8.1% | 4.0% | 4.4% | 4.3% | 6.0% | 5.8% | 6.2% | — |
| Payout Ratio | 133.5% | 133.5% | 65.1% | 53.1% | 48.0% | 61.8% | 92.8% | 42.7% | 79.0% | — | — |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 10.1% | 6.6% | 8.8% | 15.2% | 8.4% | 7.1% | 3.5% | 13.9% | 7.1% | — | — |
| FCF Yield | — | — | 13.8% | 8.0% | 7.2% | 10.7% | 8.4% | 23.2% | 3.7% | 18.7% | 4.4% |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.3% |
| Total Shareholder Yield | 13.5% | 8.9% | 5.6% | 8.1% | 4.0% | 4.4% | 4.3% | 6.0% | 5.8% | 6.2% | 0.3% |
| Shares Outstanding | — | $5M | $6M | $6M | $6M | $6M | $6M | $6M | $6M | $6M | $6M |
Operational Scale Insufficiency
According to recent financial data, Taitron trades at a P/S of 2.22 and a P/B of 0.49, suggesting that the market is pricing the firm closer to its liquidation value than as a viable, growth-oriented technology entity capable of generating future earnings.
The low P/B ratio indicates that investors are heavily discounting the company's book value, likely due to the persistent operating losses and the lack of a clear path to revenue growth. While the 15% dividend yield appears attractive, it may be viewed as a return of capital rather than a sustainable distribution of earnings, given the underlying business contraction.
As reported in recent quarterly filings, Taitron maintains a robust 61.8% gross margin, yet the company's operating margin has deteriorated to -35.7%, highlighting a structural inability to cover fixed overhead costs on a shrinking revenue base of only $4.1 million.
The high gross margin suggests that the ODM segment provides significant value-add, but the negative operating margin confirms that the company has fallen below the minimum scale required for profitability. Investors should monitor whether management can rationalize the cost structure, as the current model appears unsustainable without a significant rebound in top-line volume.
Based on the provided financial statements, Taitron's cash conversion cycle has ballooned to 990 days in 2025Q3, driven by an exceptionally high days inventory outstanding of 975 days, which signals significant inefficiency in managing stock levels relative to current demand.
The extreme length of the cash conversion cycle suggests that capital is trapped in slow-moving inventory, which poses a substantial risk of obsolescence in the fast-paced semiconductor industry. This inefficiency in working capital management further exacerbates the company's inability to generate consistent operating cash flow from its core distribution activities.
According to recent balance sheet data, Taitron maintains a current ratio of 6.26, providing a substantial liquidity buffer that protects the firm from insolvency despite the ongoing 32% year-over-year revenue contraction and persistent negative operating margins observed in recent quarters.
While the high liquidity position is a strength, it appears to be driven by an accumulation of idle cash rather than efficient working capital management. This cash-heavy position serves as a critical safety net, but it also raises questions about the lack of strategic deployment into more productive, growth-oriented assets.
Based on the company's financial profile, the P/E ratio is a fundamentally flawed metric for Taitron, as it obscures the fact that the firm's net income is heavily influenced by non-operating interest income rather than core semiconductor distribution and ODM profitability.
Investors should instead focus on the Enterprise Value (EV) adjusted for cash, as the company's cash reserves are nearly equal to its annual revenue. Using a standard P/E multiple ignores the reality that the core business may currently be valued at a negative enterprise value by the market.
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Quick answers to the most common questions about buying TAIT stock.
Taitron Components Incorporated's current P/E ratio is 9.9x. The historical average is 11.7x. This places it at the 36th percentile of its historical range.
Taitron Components Incorporated's current EV/EBITDA is 86.5x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 15.7x.
Taitron Components Incorporated's return on equity (ROE) is 5.4%. The historical average is 2.5%.
Based on historical data, Taitron Components Incorporated is trading at a P/E of 9.9x. This is at the 36th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Taitron Components Incorporated's current dividend yield is 13.55% with a payout ratio of 133.5%.
Taitron Components Incorporated has 51.1% gross margin and -2.5% operating margin.