Latest Ratios: P/E Ratio -0.3x · EV/EBITDA 4.8x · ROE -93.1%. (2004–2025 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 | $278M | $387M | $572M | $993M | $1.5B | $2.8B | $1.7B | $739M | $350M | $394M | $263M |
| Enterprise Value | $349M | $458M | $732M | $1.2B | $1.6B | $2.9B | $1.8B | $741M | $340M | $400M | $282M |
| P/E Ratio → | -0.27 | — | — | — | — | 2970.81 | 96.90 | 43.50 | 27.13 | 58.00 | 106.62 |
| P/S Ratio | 0.57 | 0.80 | 2.01 | 3.94 | 7.62 | 10.70 | 11.42 | 5.52 | 2.88 | 3.63 | 2.46 |
| P/B Ratio | 0.46 | 0.65 | 0.36 | 4.46 | 6.90 | 12.66 | 8.37 | 4.83 | 2.64 | 3.26 | 2.23 |
| P/FCF | 17.45 | 24.28 | — | 17.17 | 60.79 | 81.62 | 37.01 | 22.31 | 19.08 | 27.12 | 19.09 |
| P/OCF | 17.04 | 23.71 | — | 13.70 | 53.50 | 80.08 | 32.31 | 18.73 | 14.65 | 21.10 | 14.45 |
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 | — | 0.94 | 2.57 | 4.75 | 8.30 | 11.16 | 12.11 | 5.53 | 2.80 | 3.68 | 2.65 |
| EV / EBITDA | 4.79 | 6.29 | — | — | 147.93 | 53.63 | 60.38 | 26.71 | 16.07 | 26.57 | 24.17 |
| EV / EBIT | — | — | — | — | — | 85.55 | 78.73 | 32.58 | 20.46 | 38.41 | 41.59 |
| EV / FCF | — | 28.71 | — | 20.70 | 66.28 | 85.08 | 39.24 | 22.37 | 18.55 | 27.55 | 20.54 |
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 | 41.3% | 41.3% | 62.4% | 60.8% | 63.3% | 73.0% | 74.8% | 76.2% | 76.1% | 73.9% | 71.7% |
| Operating Margin | -6.6% | -6.6% | -41.8% | -18.0% | -5.6% | 13.0% | 15.4% | 17.0% | 13.7% | 9.6% | 6.4% |
| Net Profit Margin | -207.1% | -207.1% | -41.0% | -22.9% | -2.2% | 0.4% | 11.5% | 12.6% | 10.7% | 6.3% | 2.3% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -93.1% | -93.1% | -13.0% | -26.2% | -1.9% | 0.4% | 9.6% | 11.8% | 10.2% | 5.7% | 1.7% |
| ROA | -62.9% | -62.9% | -7.9% | -7.9% | -0.6% | 0.2% | 5.0% | 8.5% | 7.4% | 4.0% | 1.4% |
| ROIC | -2.0% | -2.0% | -8.3% | -8.7% | -2.4% | 8.0% | 7.5% | 12.3% | 10.0% | 5.9% | 3.6% |
| ROCE | -2.5% | -2.5% | -10.0% | -6.6% | -1.6% | 6.1% | 7.4% | 12.4% | 10.7% | 6.9% | 4.3% |
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 | 0.19 | 0.19 | 0.28 | 1.93 | 2.21 | 2.16 | 0.91 | 0.36 | 0.19 | 0.27 | 0.33 |
| Debt / EBITDA | 1.53 | 1.53 | — | — | 43.39 | 8.78 | 6.20 | 1.96 | 1.18 | 2.14 | 3.29 |
| Net Debt / Equity | — | 0.12 | 0.10 | 0.92 | 0.62 | 0.54 | 0.50 | 0.01 | -0.07 | 0.05 | 0.17 |
| Net Debt / EBITDA | 0.97 | 0.97 | — | — | 12.26 | 2.18 | 3.42 | 0.07 | -0.46 | 0.42 | 1.71 |
| Debt / FCF | — | 4.43 | — | 3.53 | 5.49 | 3.46 | 2.22 | 0.06 | -0.53 | 0.43 | 1.45 |
| Interest Coverage | -3.47 | -3.47 | -6.29 | -1.73 | -0.96 | 1.48 | 71.99 | 32.91 | 9.35 | 15.02 | 3.83 |
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 | 1.23 | 1.23 | 0.85 | 10.04 | 7.44 | 6.26 | 2.75 | 5.33 | 4.82 | 2.82 | 3.23 |
| Quick Ratio | 1.23 | 1.23 | 0.85 | 10.04 | 7.44 | 6.26 | 2.75 | 5.33 | 4.82 | 2.82 | 3.23 |
| Cash Ratio | 0.32 | 0.32 | 0.66 | 8.82 | 6.30 | 5.45 | 1.78 | 3.51 | 2.42 | 1.40 | 1.64 |
| Asset Turnover | — | 0.52 | 0.13 | 0.36 | 0.26 | 0.33 | 0.32 | 0.60 | 0.69 | 0.63 | 0.63 |
| Inventory Turnover | — | — | — | — | — | — | — | — | 28959.00 | — | — |
| Days Sales Outstanding | — | 65.86 | 104.98 | 56.81 | 111.78 | 70.80 | 98.85 | 73.85 | 90.37 | 99.53 | 77.20 |
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 | — | — | — | — | — | 0.0% | 1.0% | 2.3% | 3.7% | 1.7% | 0.9% |
| FCF Yield | 5.7% | 4.1% | — | 5.8% | 1.6% | 1.2% | 2.7% | 4.5% | 5.2% | 3.7% | 5.2% |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 5.0% | 0.0% | 0.0% | 0.9% | 1.0% | 2.0% | 2.1% | 18.6% |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 5.0% | 0.0% | 0.0% | 0.9% | 1.0% | 2.0% | 2.1% | 18.6% |
| Shares Outstanding | — | $72M | $29M | $28M | $34M | $29M | $29M | $28M | $29M | $28M | $31M |
AI-driven search disintermediation
According to current market data, TechTarget trades at a P/S ratio of 0.56 and an EV/EBITDA of 4.70, suggesting that investors are heavily discounting the firm's future growth prospects compared to higher-multiple peers like Zeta Global or DoubleVerify, likely due to persistent GAAP net losses.
The low valuation multiples appear to reflect a market skepticism regarding the company's ability to transition from a legacy media model to a high-margin data platform. Investors should monitor whether these depressed multiples represent a value opportunity or a structural recognition that the company's competitive moat is being eroded by AI-driven search alternatives.
Based on reported financial statements, TechTarget's ROIC has trended into negative territory, reaching -2.7% in 2026Q1, which indicates that the company is currently failing to generate returns on invested capital that exceed its cost of capital, a significant departure from historical performance.
The persistent negative ROIC suggests that recent capital allocation, particularly the integration of large-scale acquisitions, has not yet yielded the expected operational synergies. This trend warrants further investigation into whether the company's core business model requires excessive reinvestment that permanently suppresses the return profile for shareholders.
As reported in quarterly filings, TechTarget's DSO has fluctuated significantly, reaching 65 days in 2026Q1, which suggests that the company's ability to convert its service delivery into cash is inconsistent compared to its own historical averages and broader industry standards for B2B services.
The erratic nature of these efficiency metrics implies that the company may be facing challenges in managing its customer payment cycles or that the revenue mix is shifting toward less predictable transactional engagements. Investors should monitor these trends as they directly impact the company's ability to self-fund operations without relying on external capital.
According to recent balance sheet data, the current ratio has compressed to 1.15 in 2026Q1 from a peak of 10.04 in 2023Q4, indicating that the company's short-term liquidity position has narrowed substantially as it navigates a period of operational restructuring and asset impairment.
While the current ratio remains above unity, the rapid decline suggests that the company's financial flexibility is diminishing, leaving it with less room to maneuver under potential stress scenarios. This trend warrants close monitoring, as any further deterioration in liquidity could limit the firm's ability to invest in the necessary technology to defend its first-party data moat.
The most commonly misapplied metric for TechTarget is the P/E ratio, which, at -0.27, obscures the company's underlying cash-generating potential by including massive non-cash impairment charges that do not reflect the actual operational health of the firm's intent-data platform.
Analysts should instead focus on Adjusted EBITDA or free cash flow metrics to better understand the company's true earning power, as GAAP net income is currently distorted by acquisition-related accounting. Relying on P/E in this context may lead to an incorrect assessment of the company's value, as it fails to account for the non-recurring nature of recent balance sheet adjustments.
Includes 30+ ratios · 22 years · Updated daily
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Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying TTGT stock.
TechTarget, Inc.'s current P/E ratio is -0.3x. The historical average is 71.9x.
TechTarget, Inc.'s current EV/EBITDA is 4.8x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 28.3x.
TechTarget, Inc.'s return on equity (ROE) is -93.1%. The historical average is -3.8%.
Based on historical data, TechTarget, Inc. is trading at a P/E of -0.3x. Compare with industry peers and growth rates for a complete picture.
TechTarget, Inc. has 41.3% gross margin and -6.6% operating margin.
TechTarget, Inc.'s Debt/EBITDA ratio is 1.5x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.