Latest Ratios: P/E Ratio -149.4x · EV/EBITDA N/A · ROE -2.3%. (2017–2024 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $1.1B | $567M | $280M | $248M | $233M | — | — | — | — |
| Enterprise Value | $987M | $434M | $242M | $235M | $203M | — | — | — | — |
| P/E Ratio → | -149.37 | — | — | — | — | — | — | — | — |
| P/S Ratio | — | — | — | — | — | — | — | — | — |
| P/B Ratio | 2.87 | 1.39 | 1.04 | 1.07 | 1.50 | — | — | — | — |
| 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 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|
| 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 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | — | — | — | — | — | — | — | — | — |
| Operating Margin | — | — | — | — | — | — | — | — | — |
| Net Profit Margin | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|
| ROE | -2.3% | -2.3% | -6.3% | -7.0% | -15.7% | -46.6% | -76.8% | -99.2% | -17.5% |
| ROA | -2.3% | -2.3% | -6.2% | -6.8% | -14.8% | -45.2% | -75.3% | -94.1% | -16.1% |
| ROIC | -7.2% | -7.2% | -5.4% | -6.1% | -21.6% | -61.2% | -71.2% | -48.7% | -12.3% |
| ROCE | -7.2% | -7.2% | -6.5% | -7.3% | -21.4% | -44.0% | -71.4% | -55.5% | -9.9% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | — | — | — | — | — | — | — | — | — |
| Debt / EBITDA | — | — | — | — | — | — | — | — | — |
| Net Debt / Equity | — | -0.32 | -0.14 | -0.05 | -0.20 | -0.51 | -0.27 | -0.10 | -0.36 |
| Net Debt / EBITDA | — | — | — | — | — | — | — | — | -4.65 |
| Debt / FCF | — | — | — | — | — | — | — | — | — |
| Interest Coverage | — | — | — | — | -108.92 | — | — | -1.08 | — |
Net cash position: cash ($133M) exceeds total debt ($0)
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 34.06 | 34.06 | 15.17 | 11.47 | 4.62 | 16.17 | 20.66 | 3.69 | 18.64 |
| Quick Ratio | 34.06 | 34.06 | 15.17 | 11.47 | 4.62 | 16.17 | 20.66 | 3.69 | 18.64 |
| Cash Ratio | 30.20 | 30.20 | 10.21 | 8.17 | 3.00 | 15.03 | 18.08 | 2.20 | 16.14 |
| 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 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | — | — | — | — |
| FCF Yield | — | — | — | — | — | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — | — | — | — |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — | — | — | — |
| Shares Outstanding | — | $267M | $212M | $172M | $138M | $85M | $39M | $12M | $11M |
Debt-Driven Capital Structure Shift
As reported in financial statements, VZLA's ROIC has remained consistently negative, bottoming at -2.6% in 2025Q1, which underscores the company's ongoing struggle to generate productive returns while it continues to deploy capital into non-revenue-generating exploration activities across the Panuco-Copala district.
The persistent negative ROIC reflects the reality of a pre-production mining entity where capital is consumed by drilling and technical studies rather than generating operational income. Investors should monitor whether the recent shift toward debt financing forces a more disciplined approach to capital allocation, as the current trend suggests that every dollar invested is currently eroding shareholder value rather than compounding it.
According to the 2025Q3 balance sheet, the company has incurred $318.9M in total debt, resulting in a debt-to-equity ratio of 0.66, a notable change for a firm that operated with zero debt throughout the preceding eight quarters of exploration and development activity.
The transition from an all-equity capital structure to one carrying significant debt introduces a new layer of financial risk that warrants careful investigation. While the debt provides a liquidity buffer, the lack of operating income to service these obligations suggests that the company is now reliant on future project success or further capital raises to manage its interest burden.
Based on the 2025Q3 financial data, the company maintains a cash position of $503.8M, which represents a significant increase from the $194.5M reported in 2025Q2, providing a substantial liquidity buffer that appears to support ongoing exploration despite the firm's persistent negative cash flow trajectory.
The current ratio of 65.89 in 2025Q3 is exceptionally high, reflecting the recent influx of capital rather than operational efficiency. While this provides a safety net against immediate insolvency, it may also mask the underlying reality that the company remains entirely dependent on external financing to sustain its high-intensity exploration programs.
As indicated by the company's financial statements, the Price-to-Book ratio of 3.05 is frequently misapplied by market participants who fail to account for the fact that book value in a junior miner is often dominated by capitalized exploration costs rather than tangible, productive assets.
Investors should be wary of using P/B as a valuation anchor, as it obscures the reality that these capitalized costs may not be recoverable if exploration results fail to support a viable mine plan. A more appropriate metric for this business model would be Net Asset Value (NAV) or Enterprise Value per ounce of silver equivalent, which better captures the speculative nature of the resource base.
Includes 30+ ratios · 8 years · Updated daily
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Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying VZLA stock.
Vizsla Silver Corp.'s current P/E ratio is -149.4x. This places it at the 50th percentile of its historical range.
Vizsla Silver Corp.'s return on equity (ROE) is -2.3%. The historical average is -33.9%.
Based on historical data, Vizsla Silver Corp. is trading at a P/E of -149.4x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.