Latest Ratios: P/E Ratio -29.6x · EV/EBITDA N/A · ROE -20.3%. (2006–2026 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $50M | $30M | $22M | $31M | $61M | $55M | $39M | $37M | $31M | $16M | $21M |
| Enterprise Value | $61M | $40M | $33M | $44M | $72M | $67M | $41M | $39M | $33M | $18M | $24M |
| P/E Ratio → | -29.59 | — | — | — | — | — | 123.00 | — | 27.33 | — | 4.14 |
| P/S Ratio | 1.59 | 0.94 | 0.64 | 1.00 | 1.93 | 2.46 | 2.53 | 2.32 | 1.86 | 0.83 | 1.15 |
| P/B Ratio | 6.50 | 3.89 | 2.49 | 4.03 | 4.16 | 3.59 | 3.96 | 3.92 | 3.20 | 1.94 | 2.67 |
| P/FCF | — | — | — | — | 74.79 | — | 2149.47 | 58.34 | 366.79 | 59.49 | 22.63 |
| P/OCF | 8403.85 | 4972.94 | — | 24.12 | 19.37 | 212.24 | 61.99 | 54.90 | 58.44 | 12.39 | 12.32 |
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 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.26 | 0.98 | 1.39 | 2.29 | 3.02 | 2.64 | 2.42 | 1.99 | 0.95 | 1.29 |
| EV / EBITDA | — | — | 52.23 | — | 64.79 | — | 30.97 | 67.32 | 12.85 | 10.67 | 6.68 |
| EV / EBIT | — | — | — | — | — | — | 65.46 | — | 17.70 | 18.35 | 8.25 |
| EV / FCF | — | — | — | — | 88.69 | — | 2241.43 | 60.91 | 392.73 | 68.14 | 25.31 |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 15.7% | 15.7% | 12.7% | 13.0% | 15.6% | 15.2% | 22.2% | 19.6% | 27.4% | 21.2% | 32.9% |
| Operating Margin | -3.4% | -3.4% | -6.3% | -14.7% | -3.5% | -7.0% | 4.0% | -0.9% | 11.0% | 5.2% | 15.5% |
| Net Profit Margin | -5.3% | -5.3% | -8.1% | -22.3% | -3.1% | -1.6% | 2.1% | -2.1% | 6.6% | -1.4% | 27.4% |
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -20.3% | -20.3% | -33.2% | -62.9% | -6.6% | -2.8% | 3.3% | -3.6% | 12.4% | -3.3% | 104.8% |
| ROA | -5.1% | -5.1% | -8.1% | -19.8% | -2.6% | -1.3% | 2.0% | -2.2% | 7.3% | -1.8% | 36.1% |
| ROIC | -4.2% | -4.2% | -8.0% | -15.0% | -3.1% | -5.9% | 4.1% | -0.9% | 12.4% | 7.0% | 27.7% |
| ROCE | -6.9% | -6.9% | -12.8% | -21.0% | -4.3% | -8.5% | 5.2% | -1.1% | 14.5% | 7.6% | 29.4% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.37 | 1.37 | 1.35 | 1.63 | 0.81 | 0.89 | 0.38 | 0.27 | 0.44 | 0.62 | 0.70 |
| Debt / EBITDA | — | — | 18.44 | — | 10.63 | — | 2.88 | 4.45 | 1.64 | 2.96 | 1.57 |
| Net Debt / Equity | — | 1.32 | 1.32 | 1.61 | 0.77 | 0.83 | 0.17 | 0.17 | 0.23 | 0.28 | 0.32 |
| Net Debt / EBITDA | — | — | 18.13 | — | 10.15 | — | 1.27 | 2.84 | 0.85 | 1.35 | 0.71 |
| Debt / FCF | — | — | — | — | 13.89 | — | 91.96 | 2.57 | 25.94 | 8.65 | 2.68 |
| Interest Coverage | -2.20 | -2.20 | -4.08 | -8.81 | -1.20 | -4.61 | 3.10 | -0.40 | 5.30 | 2.35 | 4.49 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.98 | 0.98 | 0.91 | 0.84 | 1.62 | 1.21 | 2.10 | 3.11 | 3.14 | 3.38 | 2.90 |
| Quick Ratio | 0.98 | 0.98 | 0.74 | 0.65 | 1.35 | 1.04 | 1.83 | 2.65 | 2.71 | 3.28 | 2.85 |
| Cash Ratio | 0.02 | 0.02 | 0.01 | 0.01 | 0.06 | 0.08 | 0.45 | 0.35 | 0.70 | 1.29 | 1.17 |
| Asset Turnover | — | 0.98 | 1.02 | 0.91 | 0.87 | 0.59 | 0.93 | 1.10 | 1.04 | 1.31 | 1.16 |
| Inventory Turnover | — | — | 10.31 | 8.45 | 11.00 | 8.46 | 9.42 | 10.57 | 9.77 | 72.77 | 87.84 |
| Days Sales Outstanding | — | 28.70 | 126.34 | 125.91 | 131.09 | 186.07 | 144.10 | 125.30 | 118.03 | 71.73 | 78.07 |
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 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | — | 0.8% | — | 3.7% | — | 24.2% |
| FCF Yield | — | — | — | — | 1.3% | — | 0.0% | 1.7% | 0.3% | 1.7% | 4.4% |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.6% | 0.0% | 0.0% |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.6% | 0.0% | 0.0% |
| Shares Outstanding | — | $10M | $9M | $9M | $9M | $8M | $8M | $7M | $8M | $7M | $7M |
Existential liquidity and execution
According to recent market data, TPCS trades at a price-to-sales multiple of 1.42, which appears to discount the company's inability to generate consistent net income compared to broader industrial peers that command significantly higher premiums for their more stable, recurring revenue streams in the defense sector.
The negative P/E ratio of -26.35 highlights the market's skepticism regarding the company's path to profitability under its current cost structure. Investors should monitor whether this valuation discount is a temporary reaction to recent margin volatility or a structural reassessment of the company's long-term earnings potential.
Based on reported figures, the company's ROIC has struggled to remain in positive territory, reaching -0.8% in 2026Q4, which suggests that the capital deployed into specialized manufacturing assets is currently failing to generate returns that exceed the firm's cost of capital or support long-term value creation.
The persistent decay in return on invested capital indicates that the company's heavy investment in large-format machining centers is not being utilized at sufficient throughput levels. This trend warrants further investigation into whether the current asset base is fundamentally oversized for the company's actual contract volume.
As reported in financial statements, the company's days sales outstanding reached 92 days in 2026Q4, reflecting the inherent difficulty in managing cash conversion cycles within a project-based defense manufacturing model where milestone-based payments are often delayed by complex government procurement and inspection protocols.
The volatility in the cash conversion cycle suggests that the company lacks the leverage to dictate favorable payment terms with its prime contractor customers. This inefficiency forces the firm to rely on its limited cash reserves to bridge the gap between project execution and final payment collection.
Based on the most recent quarterly data, the company maintains a current ratio of 0.98, which indicates that current assets are barely sufficient to cover short-term obligations, leaving the firm with almost no margin for error in the event of unexpected operational delays or contract payment disruptions.
The reliance on a cash balance of only $431,000 suggests that the company is operating in a state of extreme financial fragility. Any further deterioration in liquidity may necessitate dilutive equity financing, which would likely be detrimental to existing shareholders given the current depressed valuation levels.
Investors frequently misapply the P/E ratio to TPCS, failing to recognize that the company's negative earnings are a function of project-based accounting and high fixed-cost absorption rather than a permanent lack of demand for its specialized nuclear and naval fabrication capabilities.
Using P/E as a primary valuation metric obscures the potential strategic value of the company's certifications and large-scale infrastructure. A more appropriate approach would involve evaluating the company's enterprise value relative to its replacement cost or its potential as a strategic acquisition target for larger defense primes.
Includes 30+ ratios · 21 years · Updated daily
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Quick answers to the most common questions about buying TPCS stock.
TechPrecision Corporation's current P/E ratio is -29.6x. The historical average is 26.9x.
TechPrecision Corporation's return on equity (ROE) is -20.3%. The historical average is 22.9%.
Based on historical data, TechPrecision Corporation is trading at a P/E of -29.6x. Compare with industry peers and growth rates for a complete picture.
TechPrecision Corporation has 15.7% gross margin and -3.4% operating margin.