Latest Ratios: P/E Ratio -7.6x · EV/EBITDA N/A · ROE N/A. (2021–2025 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 |
|---|---|---|---|---|---|---|
| Market Cap | $70M | $112M | — | — | — | — |
| Enterprise Value | $72M | $114M | — | — | — | — |
| P/E Ratio → | -7.55 | — | — | — | — | — |
| P/S Ratio | — | — | — | — | — | — |
| P/B Ratio | — | — | — | — | — | — |
| P/FCF | — | — | — | — | — | — |
| P/OCF | — | — | — | — | — | — |
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 |
|---|---|---|---|---|---|---|
| EV / Revenue | — | — | — | — | — | — |
| EV / EBITDA | — | — | — | — | — | — |
| EV / EBIT | — | — | — | — | — | — |
| EV / FCF | — | — | — | — | — | — |
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 |
|---|---|---|---|---|---|---|
| Gross Margin | — | — | — | — | — | — |
| Operating Margin | — | — | — | — | — | — |
| Net Profit Margin | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| ROE | — | — | -5.1% | -0.1% | 0.1% | -0.4% |
| ROA | -202.9% | -202.9% | -3.7% | -0.1% | 0.1% | -0.4% |
| ROIC | — | — | -3.6% | -2.3% | -1.1% | — |
| ROCE | — | — | -5.0% | -3.1% | -1.4% | -0.6% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Debt / Equity | — | — | — | 0.03 | 0.01 | — |
| Debt / EBITDA | — | — | — | 3.57 | 3.38 | — |
| Net Debt / Equity | — | — | — | 0.03 | 0.01 | -0.01 |
| Net Debt / EBITDA | — | — | — | 2.72 | 3.31 | — |
| Debt / FCF | — | — | — | — | — | — |
| Interest Coverage | -109.37 | -109.37 | — | — | — | — |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Current Ratio | 0.19 | 0.19 | 0.00 | 0.06 | 0.03 | 2.53 |
| Quick Ratio | 0.19 | 0.19 | 0.00 | 0.06 | 0.03 | 2.53 |
| Cash Ratio | 0.16 | 0.16 | 0.00 | 0.06 | 0.01 | 1.81 |
| Asset Turnover | — | — | — | — | — | — |
| 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 |
|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | — |
| FCF Yield | — | — | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | — | — | — | — |
| Total Shareholder Yield | 0.0% | 0.0% | — | — | — | — |
| Shares Outstanding | — | $12M | $4M | $6M | $9M | $9M |
Pre-commercial liquidity exhaustion
As reported in recent financial statements, VWAV's ROIC has consistently remained in negative territory, reaching -20.5% in 2026Q1, which suggests that the company is currently destroying shareholder value rather than compounding it through its ongoing investment in cognitive radar technology and autonomous systems development.
The persistent negative ROIC indicates that the capital deployed into R&D and engineering payroll is not yet generating a return that exceeds the cost of capital. Investors should monitor whether the company can achieve a positive inflection point as it transitions from prototype development to commercial-scale deployment.
Based on the company's reported figures, the current ratio has deteriorated to 0.41 as of 2026Q1, indicating that current assets are insufficient to cover short-term liabilities, a trend that highlights the extreme pressure on the firm's ability to fund its immediate operational requirements without external capital.
The lack of liquid assets relative to short-term obligations suggests a high risk of insolvency if the company fails to secure additional funding or contract wins. This liquidity profile is particularly concerning given the absence of recurring revenue to buffer against the ongoing cash burn.
According to historical data, VWAV's interest coverage ratio has remained deeply negative, with a -5.04 reading in 2026Q1, which suggests that the company lacks the operating income necessary to service its existing debt obligations, thereby increasing the risk of a potential default or forced restructuring.
While absolute debt levels appear modest, the lack of positive operating cash flow makes even minor interest payments a significant burden on the company's limited cash reserves. This leverage profile warrants further investigation into the terms of existing debt and the potential for future covenant breaches.
As reported in financial filings, the use of P/E ratios to evaluate VWAV is fundamentally flawed, as the company's negative earnings and lack of revenue render traditional valuation metrics meaningless for assessing the firm's true potential in the competitive defense technology landscape.
Investors should instead focus on non-financial KPIs such as Technology Readiness Level (TRL) advancement and Total Contract Value (TCV) to gauge progress. Relying on P/E or EV/EBITDA multiples in this context obscures the reality that the company is currently in a high-risk, pre-commercial phase of development.
Includes 30+ ratios · 5 years · Updated daily
DCF models, multiple analysis, and analyst estimates.
10-year return with dividends reinvested.
See how regular investing compounds over time.
Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying VWAV stock.
VisionWave Holdings, Inc.'s current P/E ratio is -7.6x. This places it at the 50th percentile of its historical range.
Based on historical data, VisionWave Holdings, Inc. is trading at a P/E of -7.6x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.