Latest Ratios: P/E Ratio -0.7x · EV/EBITDA N/A · ROE -748.6%. (2019–2025 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 |
|---|---|---|---|---|---|---|---|---|
| Market Cap | $59M | $34M | $1.9B | $6.6B | $11.7B | $45.2B | — | — |
| Enterprise Value | $252M | $227M | $2.1B | $6.7B | $11.8B | $45.1B | — | — |
| P/E Ratio → | -0.70 | — | — | — | — | — | — | — |
| P/S Ratio | 0.36 | 0.21 | 11.56 | 45.54 | 81.53 | 628.37 | — | — |
| P/B Ratio | — | — | 30.29 | 43.85 | 69.15 | 344.47 | — | — |
| P/FCF | — | — | — | — | — | — | — | — |
| P/OCF | 5.90 | 3.38 | — | — | — | — | — | — |
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 |
|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.39 | 12.87 | 46.55 | 82.07 | 627.78 | — | — |
| 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 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | -20.8% | -20.8% | 32.8% | 32.6% | 40.3% | 37.9% | 46.1% | 54.2% |
| Operating Margin | -68.7% | -68.7% | -81.6% | -74.4% | -96.3% | -74.8% | -55.8% | -66.9% |
| Net Profit Margin | -71.1% | -71.1% | -90.9% | -78.0% | -43.6% | -312.6% | -57.9% | -76.5% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| ROE | -748.6% | -748.6% | -140.3% | -70.5% | -41.6% | -313.5% | -99.9% | -57.6% |
| ROA | -39.3% | -39.3% | -35.6% | -24.8% | -16.3% | -105.8% | -19.2% | -16.7% |
| ROIC | -38.4% | -38.4% | -35.1% | -29.7% | -60.1% | -57.4% | -25.9% | — |
| ROCE | -91.9% | -91.9% | -57.0% | -40.0% | -70.5% | -52.0% | -27.8% | -25.9% |
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 |
|---|---|---|---|---|---|---|---|---|
| Debt / Equity | — | — | 3.75 | 1.64 | 0.95 | 0.62 | 4.30 | 1.68 |
| Debt / EBITDA | — | — | — | — | — | — | — | — |
| Net Debt / Equity | — | — | 3.43 | 0.97 | 0.46 | -0.33 | 2.48 | 1.00 |
| Net Debt / EBITDA | — | — | — | — | — | — | — | — |
| Debt / FCF | — | — | — | — | — | — | — | — |
| Interest Coverage | -5.56 | -5.56 | -4.91 | -6.51 | -21.46 | -8.20 | -10.83 | -17.72 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.57 | 0.57 | 0.90 | 1.35 | 1.53 | 1.30 | 1.75 | 1.17 |
| Quick Ratio | 0.29 | 0.29 | 0.50 | 0.86 | 0.87 | 1.16 | 1.45 | 0.91 |
| Cash Ratio | 0.05 | 0.05 | 0.26 | 0.56 | 0.50 | 0.88 | 0.95 | 0.47 |
| Asset Turnover | — | 0.68 | 0.46 | 0.30 | 0.34 | 0.21 | 0.24 | 0.22 |
| Inventory Turnover | 4.16 | 4.16 | 1.57 | 1.05 | 0.73 | 1.62 | 1.46 | 0.85 |
| Days Sales Outstanding | — | 71.44 | 67.42 | 144.93 | 108.41 | 209.42 | 206.62 | 189.11 |
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 |
|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | — | — | — |
| FCF Yield | — | — | — | — | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — | — |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — | — |
| Shares Outstanding | — | $14M | $189M | $188M | $163M | $138M | $161M | $161M |
Imminent liquidity shortfall
Based on current market data, Wallbox trades at a P/S multiple of 0.25, which, according to recent financial disclosures, suggests that investors are heavily discounting the firm's future growth prospects due to the persistent inability to convert top-line revenue into positive earnings or sustainable cash flow.
The lack of a meaningful P/E or EV/EBITDA multiple indicates that the market is currently pricing the company as a distressed asset rather than a growth-stage technology firm. This valuation compression appears to be a direct consequence of the company's negative gross margins and the high risk of further equity dilution required to fund ongoing operations.
As reported in financial statements, Wallbox's ROIC has remained consistently negative, reaching -9.6% in 2025Q2, which indicates that the company's aggressive investment in manufacturing infrastructure has failed to generate a return that exceeds the cost of capital, thereby eroding shareholder value over the observed period.
The persistent decay in ROIC suggests that the firm's capital-intensive strategy is not currently supported by sufficient operational efficiency or pricing power. Investors should monitor whether management can pivot toward a less capital-intensive model, as the current trajectory implies that further investment may continue to destroy rather than create economic value.
According to recent quarterly filings, Wallbox's cash conversion cycle has remained elevated, with DIO reaching 216 days in 2025Q2, suggesting that the company is struggling to manage its inventory levels effectively and is facing significant friction in converting its hardware production into realized cash inflows.
The high DIO relative to industry peers indicates potential inventory obsolescence risks, particularly as charging standards evolve. The inability to tighten the cash conversion cycle further exacerbates the company's liquidity constraints, as capital remains trapped in unsold hardware rather than being recycled into core R&D or operational needs.
Based on reported figures, Wallbox's debt-to-equity ratio has climbed to 5.99 as of 2025Q2, a sharp increase from historical levels, which suggests that the company is increasingly reliant on external financing to bridge the gap between its operating losses and its ongoing capital requirements.
The rising leverage profile, combined with negative interest coverage, indicates that the company's debt service capacity is severely compromised. This trend warrants close investigation, as the firm's reliance on debt in a high-interest environment may limit its strategic flexibility and increase the probability of a forced restructuring.
As indicated by market analysis, the P/S ratio is frequently misapplied to Wallbox, as it ignores the company's negative gross margin profile, which effectively means that every additional dollar of revenue generated currently adds to the firm's total operating loss rather than contributing to bottom-line profitability.
Investors should instead focus on gross margin expansion and unit-level economics, as these metrics provide a more accurate picture of the company's path to sustainability. Relying on revenue multiples in this context risks overestimating the firm's value by failing to account for the structural costs inherent in its current manufacturing-heavy business model.
Includes 30+ ratios · 7 years · Updated daily
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Quick answers to the most common questions about buying WBX stock.
Wallbox N.V.'s current P/E ratio is -0.7x. This places it at the 50th percentile of its historical range.
Wallbox N.V.'s return on equity (ROE) is -748.6%. The historical average is -120.6%.
Based on historical data, Wallbox N.V. is trading at a P/E of -0.7x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Wallbox N.V. has -20.8% gross margin and -68.7% operating margin.