Latest Ratios: P/E Ratio 5.0x · EV/EBITDA -10.8x · ROE 22.4%. (2016–2025 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 | $858M | $1.8B | $1.1B | $715M | $522M | $765M | $1.1B | $501M | — | — | — |
| Enterprise Value | $-3161296891 | $-2230306911 | $877M | $565M | $412M | $650M | $1.1B | $447M | — | — | — |
| P/E Ratio → | 5.03 | 10.39 | 17.94 | 21.05 | — | 52.07 | 72.18 | — | — | — | — |
| P/S Ratio | 1.40 | 2.92 | 2.79 | 2.62 | 2.32 | 2.89 | 8.26 | 8.53 | — | — | — |
| P/B Ratio | 1.00 | 2.06 | 1.65 | 1.44 | 1.17 | 1.71 | 4.86 | 2.36 | — | — | — |
| P/FCF | 0.65 | 1.36 | 1.32 | — | 2.06 | 1.87 | 2.14 | 2.07 | — | — | — |
| P/OCF | 0.65 | 1.36 | 1.32 | — | 2.02 | 1.85 | 2.14 | 2.06 | — | — | — |
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 | — | -3.63 | 2.24 | 2.07 | 1.83 | 2.46 | 7.74 | 7.62 | — | — | — |
| EV / EBITDA | -10.79 | -7.61 | 5.93 | 6.34 | 14.02 | 34.22 | 29.89 | — | — | — | — |
| EV / EBIT | -11.19 | -7.92 | 6.15 | 6.08 | 19.92 | 36.81 | 33.37 | — | — | — | — |
| EV / FCF | — | -1.70 | 1.06 | — | 1.63 | 1.59 | 2.01 | 1.85 | — | — | — |
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 | 93.2% | 93.2% | 65.0% | 59.7% | 47.9% | 48.3% | 59.1% | 34.7% | -66.6% | 29.3% | -54.2% |
| Operating Margin | 46.0% | 46.0% | 35.6% | 29.3% | 9.1% | 6.7% | 22.5% | -10.4% | -139.7% | -53.2% | -247.2% |
| Net Profit Margin | 27.9% | 27.9% | 15.5% | 11.9% | -1.0% | 5.6% | 11.6% | -11.2% | -128.7% | -44.3% | -196.5% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 22.4% | 22.4% | 10.5% | 6.9% | -0.5% | 4.3% | 7.2% | -7.1% | — | -271.7% | -51.7% |
| ROA | 2.3% | 2.3% | 1.2% | 0.9% | -0.1% | 0.5% | 1.1% | -1.4% | -57.1% | -24.9% | -44.2% |
| ROIC | 22.5% | 22.5% | 13.8% | 9.3% | 2.5% | 3.1% | 10.1% | -4.7% | — | -244.6% | -48.8% |
| ROCE | 6.3% | 6.3% | 18.7% | 12.5% | 3.3% | 4.2% | 13.5% | -3.8% | -74.3% | -36.7% | -63.9% |
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 | 0.20 | 0.20 | 0.27 | 0.35 | 0.38 | 0.35 | 0.03 | 0.03 | — | — | — |
| Debt / EBITDA | 0.59 | 0.59 | 1.21 | 1.94 | 5.72 | 8.13 | 0.20 | — | — | — | — |
| Net Debt / Equity | — | -4.62 | -0.32 | -0.30 | -0.24 | -0.26 | -0.31 | -0.25 | — | — | -0.71 |
| Net Debt / EBITDA | -13.72 | -13.72 | -1.45 | -1.68 | -3.72 | -6.03 | -2.02 | — | — | — | — |
| Debt / FCF | — | -3.07 | -0.26 | — | -0.43 | -0.28 | -0.14 | -0.22 | — | — | — |
| Interest Coverage | 3.83 | 3.83 | 2.34 | 1.98 | 1.11 | 0.96 | 3.18 | -1.27 | — | — | — |
Net cash position: cash ($4.2B) exceeds total debt ($173M)
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 | 68.82 | 68.82 | 1.14 | 1.20 | 1.18 | 1.20 | 1.10 | 1.31 | 6.06 | 3.50 | 4.65 |
| Quick Ratio | 68.82 | 68.82 | 1.14 | 1.20 | 1.18 | 1.20 | 1.10 | 1.31 | 6.06 | 3.50 | 4.65 |
| Cash Ratio | 35.55 | 35.55 | 0.07 | 0.10 | 0.09 | 0.10 | 0.04 | 0.10 | 2.03 | 2.04 | 4.65 |
| Asset Turnover | — | 0.07 | 0.06 | 0.07 | 0.06 | 0.08 | 0.06 | 0.07 | 0.29 | 0.47 | 0.22 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
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 | 19.9% | 9.6% | 5.6% | 4.8% | — | 1.9% | 1.4% | — | — | — | — |
| FCF Yield | 100.0% | 73.3% | 75.7% | — | 48.5% | 53.4% | 46.7% | 48.3% | — | — | — |
| Buyback Yield | 0.4% | 0.2% | 0.0% | 0.0% | 0.0% | 0.0% | 0.2% | 0.0% | — | — | — |
| Total Shareholder Yield | 0.4% | 0.2% | 0.0% | 0.0% | 0.0% | 0.0% | 0.2% | 0.0% | — | — | — |
| Shares Outstanding | — | $187M | $169M | $162M | $153M | $156M | $144M | $141M | $133M | $108M | $108M |
Regulatory and geopolitical volatility
According to current market data, TIGR trades at a TTM P/E of 5.10, which appears to significantly discount the firm's growth potential relative to peers like Futu Holdings and Interactive Brokers, suggesting that investors are heavily pricing in idiosyncratic regulatory risks rather than fundamental earnings power.
The low P/E multiple relative to the broader fintech sector implies that the market remains skeptical of the sustainability of TIGR's earnings in the face of potential cross-border regulatory shifts. While the PEG ratio of 0.10 suggests the stock is undervalued on a growth-adjusted basis, this valuation gap may persist until the company demonstrates a more predictable, long-term regulatory compliance track record in its international markets.
Based on reported figures, TIGR's ROIC has trended upward from 2.5% in 2023Q1 to 5.6% in 2025Q2, indicating that the firm is becoming more efficient at deploying its capital to generate returns as it successfully scales its proprietary technology platform across new geographic regions.
The steady expansion in ROIC suggests that the company is beginning to benefit from operating leverage, as the fixed costs of its technology stack are spread over a larger, more diversified user base. Investors should monitor whether this trend continues, as further improvements will likely depend on the firm's ability to maintain high margins while navigating the competitive landscape in Singapore and Hong Kong.
As reported in financial statements, TIGR's operating margin has expanded from 30.8% in 2023Q1 to 48.9% in 2025Q2, which highlights the firm's ability to drive significant operating leverage by scaling its digital brokerage services without a proportional increase in its underlying fixed cost structure.
This margin expansion is a critical indicator of the scalability of the Tiger Trade platform, suggesting that the company's investment in proprietary technology is yielding tangible efficiency gains. However, the high DSO figures warrant further investigation, as they may reflect the complexities of managing multi-currency settlements and the inherent lag in clearing processes across different international jurisdictions.
According to recent quarterly filings, TIGR maintains a disciplined debt-to-equity ratio of 0.23 as of 2025Q2, which provides the firm with a stable financial foundation to pursue geographic expansion while keeping interest coverage ratios at a manageable level of 3.83.
The company's conservative use of debt relative to its asset base suggests a prudent approach to capital management, particularly given the inherent volatility of the brokerage business. This financial positioning appears to offer the necessary buffer to satisfy stringent regulatory capital requirements in new markets, thereby reducing the risk of forced equity dilution during periods of market stress.
Based on an analysis of TIGR's financial structure, the P/B ratio of 1.01 is frequently misapplied by analysts who fail to account for the fact that the vast majority of the firm's assets are client-segregated funds rather than productive capital owned by the company.
Using P/B to value TIGR obscures the true earning power of the business, as the denominator is inflated by non-operating client assets that do not contribute to the firm's core profitability. Investors should instead focus on metrics like ROIC or P/E, which better capture the efficiency and profitability of the company's proprietary technology and service-based revenue model.
Includes 30+ ratios · 10 years · Updated daily
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Quick answers to the most common questions about buying TIGR stock.
UP Fintech Holding Ltd. Sponsored ADR Class A's current P/E ratio is 5.0x. The historical average is 34.7x.
UP Fintech Holding Ltd. Sponsored ADR Class A's current EV/EBITDA is -10.8x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 18.1x.
UP Fintech Holding Ltd. Sponsored ADR Class A's return on equity (ROE) is 22.4%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is -31.1%.
Based on historical data, UP Fintech Holding Ltd. Sponsored ADR Class A is trading at a P/E of 5.0x. Compare with industry peers and growth rates for a complete picture.
UP Fintech Holding Ltd. Sponsored ADR Class A has 93.2% gross margin and 46.0% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
UP Fintech Holding Ltd. Sponsored ADR Class A's Debt/EBITDA ratio is 0.6x, indicating low leverage. A ratio below 2x is generally considered financially healthy.