Latest Ratios: P/E Ratio -0.2x · EV/EBITDA N/A · ROE -56.8%. (2005–2025 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 | $1M | $2M | $58M | $83M | $304M | $735M | $628M | $702M | $1.5B | $1.8B | $869M |
| Enterprise Value | $9M | $10M | $64M | $91M | $310M | $739M | $635M | $708M | $1.5B | $1.8B | $873M |
| P/E Ratio → | -0.18 | — | — | — | — | — | — | — | 881.63 | 2097.64 | — |
| P/S Ratio | 0.05 | 0.06 | 1.58 | 2.15 | 12.54 | 37.90 | 56.79 | 50.90 | 72.46 | 98.70 | 85.25 |
| P/B Ratio | 0.09 | 0.09 | 3.64 | 6.51 | 31.60 | 38.18 | 643.52 | 48.06 | 84.70 | 123.67 | 67.88 |
| P/FCF | — | — | — | — | — | — | — | — | 2204.76 | 2371.11 | — |
| P/OCF | — | — | — | — | — | — | — | — | 602.74 | 395.43 | — |
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 | — | 0.31 | 1.75 | 2.35 | 12.80 | 38.12 | 57.37 | 51.34 | 72.67 | 98.96 | 85.65 |
| EV / EBITDA | — | — | 126.07 | 32.49 | 927.43 | — | — | — | 389.11 | 748.03 | — |
| EV / EBIT | — | — | — | 254.77 | 7058.58 | — | — | — | 1287.04 | 5642.57 | — |
| EV / FCF | — | — | — | — | — | — | — | — | 2211.31 | 2377.12 | — |
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 | 10.9% | 10.9% | 21.2% | 22.9% | 29.8% | 48.2% | 35.6% | 47.9% | 46.9% | 45.8% | 25.4% |
| Operating Margin | -29.0% | -29.0% | -4.4% | -0.5% | -13.1% | -52.3% | -157.0% | -27.1% | 0.8% | -2.5% | -143.0% |
| Net Profit Margin | -32.7% | -32.7% | -5.0% | -1.8% | -29.2% | -51.2% | -159.9% | -26.1% | 8.2% | 4.7% | -178.3% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -56.8% | -56.8% | -12.7% | -6.2% | -49.1% | -98.1% | -227.1% | -22.3% | 10.5% | 6.3% | -84.0% |
| ROA | -27.0% | -27.0% | -5.4% | -2.3% | -18.5% | -25.5% | -49.6% | -8.7% | 4.3% | 2.4% | -36.2% |
| ROIC | -27.1% | -27.1% | -5.7% | -0.8% | -12.3% | -50.3% | -92.8% | -13.2% | 0.6% | -1.9% | -37.2% |
| ROCE | -38.0% | -38.0% | -9.3% | -1.8% | -21.8% | -99.4% | -222.9% | -23.2% | 1.0% | -3.3% | -67.1% |
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 | 0.50 | 0.50 | 0.50 | 0.70 | 0.75 | 0.42 | 7.57 | 0.51 | 0.35 | 0.54 | 0.61 |
| Debt / EBITDA | — | — | 15.50 | 3.22 | 21.69 | — | — | — | 1.58 | 3.25 | — |
| Net Debt / Equity | — | 0.39 | 0.40 | 0.60 | 0.65 | 0.22 | 6.67 | 0.41 | 0.25 | 0.31 | 0.32 |
| Net Debt / EBITDA | — | — | 12.41 | 2.75 | 18.66 | — | — | — | 1.15 | 1.89 | — |
| Debt / FCF | — | — | — | — | — | — | — | — | 6.55 | 6.02 | — |
| Interest Coverage | -9.13 | -9.13 | -2.92 | 0.61 | 0.08 | -11.66 | -17.08 | -6.74 | 2.40 | 0.71 | -36.01 |
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 | 1.87 | 1.87 | 2.19 | 1.26 | 0.99 | 1.14 | 0.42 | 0.73 | 1.20 | 0.94 | 0.73 |
| Quick Ratio | 1.08 | 1.08 | 1.72 | 1.20 | 0.97 | 1.12 | 0.41 | 0.72 | 1.17 | 0.91 | 0.66 |
| Cash Ratio | 0.15 | 0.15 | 0.12 | 0.06 | 0.05 | 0.16 | 0.03 | 0.06 | 0.07 | 0.14 | 0.18 |
| Asset Turnover | — | 0.78 | 1.04 | 1.18 | 0.83 | 0.41 | 0.36 | 0.34 | 0.49 | 0.48 | 0.30 |
| Inventory Turnover | 2.47 | 2.47 | 4.58 | 23.82 | 47.71 | 29.44 | 27.95 | 23.73 | 15.75 | 15.62 | 5.15 |
| Days Sales Outstanding | — | 119.34 | 78.87 | 82.88 | 139.96 | 133.83 | 237.01 | 372.02 | 311.13 | 203.49 | 224.91 |
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 | — | — | — | — | — | — | — | — | 0.1% | 0.0% | — |
| FCF Yield | — | — | — | — | — | — | — | — | 0.0% | 0.0% | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 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% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Shares Outstanding | — | $1M | $5M | $2M | $2M | $1M | $737334 | $696473 | $690306 | $673936 | $670529 |
Liquidity and operational viability
As reported in recent financial filings, Taoping's P/S ratio of 0.05 suggests the market assigns minimal value to the company's revenue base, likely reflecting deep skepticism regarding the firm's ability to achieve profitability or scale its decentralized advertising platform against dominant, high-moat industry incumbents.
The current valuation multiples appear to price the company as a distressed asset rather than a growth-oriented technology firm. Investors should monitor whether this discount is a temporary reaction to sector volatility or a permanent re-rating based on the company's inability to generate positive earnings.
Based on the provided quarterly data, Taoping's gross margin has compressed to 10.1% in 2025Q2, a significant decline from the 27.5% observed in 2023, indicating that the company lacks the pricing power required to offset rising hardware procurement costs and intense competition in the OOH advertising space.
The persistent negative operating margins of -23.8% suggest that the company's cost structure is fundamentally misaligned with its current revenue scale. Without a pivot toward higher-margin software licensing, the firm may continue to struggle with structural unprofitability regardless of top-line performance.
According to historical financial statements, Taoping's ROIC has trended into negative territory, reaching -6.9% in 2025Q2, which highlights a consistent failure to generate returns on invested capital that exceed the company's cost of funding or support long-term value creation for equity holders.
The decay in return metrics appears driven by both margin compression and inefficient asset utilization. This trend warrants further investigation into whether management's frequent strategic pivots into blockchain and other segments are effectively consuming capital without providing a commensurate boost to operational efficiency.
As indicated by the reported figures, Taoping's cash conversion cycle has remained volatile, peaking at 144 days in 2024Q4, which suggests significant friction in collecting receivables and managing inventory relative to the company's peers in the infrastructure and technology services sector.
The extended DSO and fluctuating DIO metrics imply that the company may be granting overly generous credit terms to secure contracts, which further exacerbates its liquidity constraints. This inefficiency forces the firm to rely on external financing to bridge the gap between project completion and cash collection.
The market frequently misapplies traditional SaaS growth metrics to Taoping, which obscures the fact that the company's revenue is largely derived from low-margin, project-based IT work and volatile blockchain activities rather than recurring, high-margin subscription contracts that would justify a premium valuation multiple.
Investors should prioritize cash burn and gross margin stability over top-line growth figures, as the latter often masks the underlying volatility of the firm's business model. Relying on standard tech-sector multiples likely leads to an overestimation of the company's long-term operational viability.
Includes 30+ ratios · 21 years · Updated daily
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Quick answers to the most common questions about buying TAOP stock.
Taoping Inc.'s current P/E ratio is -0.2x. The historical average is 132.4x.
Taoping Inc.'s return on equity (ROE) is -56.8%. The historical average is -17.8%.
Based on historical data, Taoping Inc. is trading at a P/E of -0.2x. Compare with industry peers and growth rates for a complete picture.
Taoping Inc. has 10.9% gross margin and -29.0% operating margin.