Latest Ratios: P/E Ratio -3.4x · EV/EBITDA 4.3x · ROE -12.4%. (1996–2025 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 | $60M | $48M | $143M | $121M | $266M | $560M | $743M | $737M | $355M | $678M | $953M |
| Enterprise Value | $61M | $49M | $166M | $150M | $308M | $574M | $726M | $752M | $404M | $754M | $952M |
| P/E Ratio → | -3.35 | — | — | — | 652.35 | 104.49 | 19.29 | 201.00 | 29.74 | — | 46.78 |
| P/S Ratio | 0.16 | 0.13 | 0.36 | 0.29 | 0.49 | 0.93 | 1.21 | 0.98 | 0.52 | 0.97 | 1.46 |
| P/B Ratio | 0.43 | 0.33 | 0.93 | 0.67 | 0.99 | 2.03 | 2.37 | 2.69 | 1.35 | 2.67 | 3.41 |
| P/FCF | 3.02 | 2.41 | 22.29 | 10.67 | — | 24.09 | 14.82 | 12.03 | — | — | 145.77 |
| P/OCF | 2.53 | 2.01 | 9.62 | 4.79 | 24.34 | 13.90 | 10.13 | 8.65 | 27.65 | 49.18 | 19.41 |
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 | — | 0.13 | 0.42 | 0.36 | 0.57 | 0.95 | 1.18 | 1.00 | 0.59 | 1.08 | 1.46 |
| EV / EBITDA | 4.32 | 3.45 | 59.95 | — | 7.98 | 11.48 | 10.83 | 15.91 | 12.64 | 17.93 | 18.19 |
| EV / EBIT | — | — | — | — | 21.15 | 24.69 | 19.47 | 49.07 | — | 76.73 | 31.86 |
| EV / FCF | — | 2.47 | 25.89 | 13.29 | — | 24.71 | 14.47 | 12.26 | — | — | 145.67 |
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 | 28.0% | 28.0% | 28.9% | 23.2% | 28.1% | 28.8% | 28.7% | 22.6% | 20.8% | 23.8% | 25.2% |
| Operating Margin | -0.0% | -0.0% | -3.9% | -20.3% | 2.7% | 3.9% | 6.1% | 2.0% | -0.2% | 1.5% | 3.9% |
| Net Profit Margin | -5.1% | -5.1% | -6.1% | -23.4% | 0.1% | 0.9% | 6.3% | 0.5% | 1.8% | -1.5% | 3.1% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -12.4% | -12.4% | -14.5% | -43.9% | 0.1% | 1.8% | 13.1% | 1.4% | 4.6% | -3.9% | 7.6% |
| ROA | -6.2% | -6.2% | -7.1% | -22.8% | 0.1% | 1.0% | 7.2% | 0.6% | 2.0% | -1.8% | 4.0% |
| ROIC | -0.0% | -0.0% | -6.0% | -24.7% | 3.6% | 6.0% | 9.6% | 3.8% | -0.4% | 2.6% | 7.1% |
| ROCE | -0.1% | -0.1% | -8.5% | -35.4% | 5.0% | 7.4% | 11.9% | 5.3% | -0.6% | 3.7% | 8.7% |
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 | 0.23 | 0.23 | 0.32 | 0.40 | 0.40 | 0.27 | 0.13 | 0.32 | 0.39 | 0.54 | 0.18 |
| Debt / EBITDA | 2.37 | 2.37 | 18.02 | — | 2.81 | 1.50 | 0.59 | 1.87 | 3.18 | 3.28 | 0.95 |
| Net Debt / Equity | — | 0.01 | 0.15 | 0.17 | 0.16 | 0.05 | -0.06 | 0.05 | 0.18 | 0.30 | -0.00 |
| Net Debt / EBITDA | 0.08 | 0.08 | 8.32 | — | 1.08 | 0.28 | -0.26 | 0.30 | 1.51 | 1.80 | -0.01 |
| Debt / FCF | — | 0.06 | 3.59 | 2.62 | — | 0.61 | -0.35 | 0.23 | — | — | -0.10 |
| Interest Coverage | -0.09 | -0.09 | — | — | — | — | 23.29 | 3.56 | -0.33 | 3.88 | 22.99 |
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 | 1.72 | 1.72 | 1.53 | 1.61 | 1.56 | 1.56 | 1.82 | 1.42 | 1.36 | 1.22 | 1.50 |
| Quick Ratio | 1.07 | 1.07 | 1.03 | 1.06 | 0.91 | 0.93 | 1.15 | 0.88 | 0.84 | 0.74 | 0.90 |
| Cash Ratio | 0.27 | 0.27 | 0.17 | 0.27 | 0.31 | 0.28 | 0.32 | 0.28 | 0.19 | 0.19 | 0.23 |
| Asset Turnover | — | 1.34 | 1.22 | 1.18 | 1.08 | 1.18 | 1.20 | 1.34 | 1.22 | 1.14 | 1.25 |
| Inventory Turnover | 3.41 | 3.41 | 3.54 | 3.66 | 2.79 | 3.19 | 3.64 | 4.02 | 3.73 | 3.26 | 3.75 |
| Days Sales Outstanding | — | 87.43 | 117.28 | 104.61 | 83.71 | 81.65 | 84.58 | 73.91 | 91.89 | 80.35 | 70.41 |
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 | — | — | — | — | 0.2% | 1.0% | 5.2% | 0.5% | 3.4% | — | 2.1% |
| FCF Yield | 33.1% | 41.5% | 4.5% | 9.4% | — | 4.2% | 6.7% | 8.3% | — | — | 0.7% |
| Buyback Yield | 5.2% | 6.5% | 1.4% | 1.5% | 4.9% | 10.7% | 2.4% | 0.3% | 3.9% | 5.8% | 1.3% |
| Total Shareholder Yield | 5.2% | 6.5% | 1.4% | 1.5% | 4.9% | 10.7% | 2.4% | 0.3% | 3.9% | 5.8% | 1.3% |
| Shares Outstanding | — | $13M | $13M | $13M | $13M | $14M | $14M | $14M | $14M | $14M | $15M |
Accelerating Pay-TV subscriber churn
According to current market data, UEIC trades at a P/S ratio of 0.15 and a P/FCF of 2.86, suggesting that investors are pricing the firm as a terminal-value asset rather than a growth-oriented technology provider, despite its proprietary software library and patent portfolio.
The extremely low valuation multiples indicate that the market has largely discounted the company's future earnings potential, viewing the hardware-centric revenue stream as a melting ice cube. While the low P/S ratio might appear attractive to deep-value investors, it likely reflects the lack of a clear path to sustained profitability rather than an undervalued growth opportunity.
As reported in recent financial statements, UEIC's ROIC has trended into negative territory, reaching -2.0% in 2026Q1, which highlights the company's inability to generate returns above its cost of capital as it struggles to pivot its business model toward higher-margin software licensing.
The consistent decay in ROIC over the last ten quarters suggests that the capital invested in legacy manufacturing and R&D is failing to produce adequate economic value. This trend warrants further investigation into whether the company's current R&D spend is truly driving innovation or merely maintaining a declining product line.
Based on the provided quarterly data, UEIC's cash conversion cycle has remained elevated at 139 days in 2026Q1, driven by persistent inventory bloat and extended receivables, which indicates significant friction in the company's ability to efficiently convert its hardware sales into liquid cash.
The high DIO of 110 days suggests that the company is carrying substantial inventory risk, which is particularly concerning given the rapid technological shift from IR to RF/Bluetooth control standards. Investors should monitor whether management can optimize these working capital metrics to improve cash flow generation during this operational transition.
According to recent SEC filings, UEIC maintains a debt-to-equity ratio of 0.24, which represents a prudent capital structure that provides the firm with a necessary, albeit limited, buffer against the ongoing operational losses and negative cash flows observed in recent quarters.
While the low debt load is a positive indicator of financial discipline, it does not compensate for the lack of operating income to cover interest obligations. The company's ability to maintain this conservative profile appears dependent on its success in managing cash burn rather than relying on external financing to fund its turnaround.
The P/E ratio is the most commonly misapplied metric for UEIC, as the company's frequent net losses and lumpy patent litigation gains render traditional earnings-based valuation models largely meaningless for assessing the firm's true operational health or long-term viability.
Investors should instead focus on EV/Sales or normalized operating cash flow to better understand the company's underlying business performance. Relying on P/E multiples in this context obscures the reality of the company's structural transition and may lead to incorrect conclusions regarding its valuation relative to peers.
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying UEIC stock.
Universal Electronics Inc.'s current P/E ratio is -3.4x. The historical average is 28.7x.
Universal Electronics Inc.'s current EV/EBITDA is 4.3x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 13.0x.
Universal Electronics Inc.'s return on equity (ROE) is -12.4%. The historical average is 4.2%.
Based on historical data, Universal Electronics Inc. is trading at a P/E of -3.4x. Compare with industry peers and growth rates for a complete picture.
Universal Electronics Inc. has 28.0% gross margin and -0.0% operating margin.
Universal Electronics Inc.'s Debt/EBITDA ratio is 2.4x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.