Latest Ratios: P/E Ratio 0.0x · EV/EBITDA 6.9x · ROE 3344.4%. (2020–2025 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 |
|---|---|---|---|---|---|---|---|
| Market Cap | $23M | $80M | $33M | $160M | $314M | $301M | — |
| Enterprise Value | $418M | $474M | $56M | $177M | $344M | $344M | — |
| P/E Ratio → | 0.03 | 0.07 | — | — | — | — | — |
| P/S Ratio | 0.03 | 0.10 | 0.23 | 1.03 | 1.74 | 1.46 | — |
| P/B Ratio | 0.33 | 0.92 | — | — | — | — | — |
| P/FCF | — | — | — | — | 89.11 | — | — |
| P/OCF | — | — | — | — | 31.75 | — | — |
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 |
|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.60 | 0.39 | 1.14 | 1.91 | 1.67 | — |
| EV / EBITDA | 6.89 | 7.82 | 7.82 | 35.62 | 140.82 | 253.51 | — |
| EV / EBIT | 34.52 | 39.20 | 20.81 | 86.58 | — | — | — |
| EV / FCF | — | — | — | — | 97.70 | — | — |
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 |
|---|---|---|---|---|---|---|---|
| Gross Margin | 15.6% | 15.6% | 26.8% | 25.7% | 24.2% | 19.9% | 19.3% |
| Operating Margin | 1.5% | 1.5% | 2.4% | 0.7% | -1.1% | -1.8% | -8.8% |
| Net Profit Margin | 139.5% | 139.5% | -8.7% | -7.1% | -4.4% | -6.2% | -13.0% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| ROE | 3344.4% | 3344.4% | — | — | — | — | — |
| ROA | 222.9% | 222.9% | -13.0% | -9.8% | -6.3% | -8.8% | -17.5% |
| ROIC | 3.8% | 3.8% | 80.5% | 21.3% | -14.8% | -13.0% | -51.7% |
| ROCE | 4.0% | 4.0% | 17.4% | 5.4% | -8.6% | -9.3% | -33.5% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Debt / Equity | 4.94 | 4.94 | — | — | — | — | — |
| Debt / EBITDA | 7.11 | 7.11 | 4.92 | 4.76 | 15.44 | 33.80 | — |
| Net Debt / Equity | — | 4.51 | — | — | — | — | — |
| Net Debt / EBITDA | 6.50 | 6.50 | 3.24 | 3.44 | 12.38 | 31.65 | — |
| Debt / FCF | — | — | — | — | 8.59 | — | 14.60 |
| Interest Coverage | 0.12 | 0.12 | 0.43 | 0.29 | -0.75 | — | -7.39 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Current Ratio | 0.74 | 0.74 | 0.60 | 0.61 | 0.69 | 0.65 | 0.80 |
| Quick Ratio | 0.71 | 0.71 | 0.55 | 0.56 | 0.64 | 0.61 | 0.75 |
| Cash Ratio | 0.12 | 0.12 | 0.18 | 0.08 | 0.07 | 0.03 | 0.09 |
| Asset Turnover | — | 0.88 | 1.62 | 1.51 | 1.47 | 1.62 | 1.35 |
| Inventory Turnover | 58.77 | 58.77 | 27.34 | 28.51 | 30.22 | 40.32 | 32.66 |
| Days Sales Outstanding | — | 60.45 | 53.87 | 74.89 | 106.65 | 94.13 | 105.02 |
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 |
|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Earnings Yield | 100.0% | 1378.4% | — | — | — | — | — |
| FCF Yield | — | — | — | — | 1.1% | — | — |
| 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 | — | $12M | $30M | $30M | $30M | $30M | $30M |
High Debt Service Burden
Based on reported figures, XBP's P/S ratio of 0.03 and P/B of 0.34 suggest the market is pricing the entity as a distressed asset rather than a growth-oriented software firm, reflecting deep skepticism regarding the company's ability to convert its complex business model into sustainable shareholder value.
The lack of meaningful P/E or forward-looking multiples indicates that investors are currently unable to anchor valuation on earnings, likely due to the extreme volatility in net income. This pricing suggests the market views the company's current financial structure as a special situation, where the primary risk is not growth potential but rather the potential for further balance sheet impairment.
As reported in financial statements, XBP's ROIC has fluctuated wildly, including a negative 3.8% in 2026Q1, which indicates that the company is currently destroying rather than compounding invested capital as it struggles to integrate its disparate business segments into a cohesive, profitable software-led operation.
The inability to generate a positive return on invested capital suggests that the costs associated with maintaining legacy infrastructure and servicing debt are currently outpacing the returns generated by the core business. Investors should monitor whether management can pivot toward higher-margin software licensing, as the current capital intensity appears to be a significant drag on long-term value creation.
According to recent SEC filings, XBP's cash conversion cycle has shown significant volatility, ranging from 6 to 81 days over the last ten quarters, which highlights the inherent difficulty in managing payment workflows across fragmented European markets and the resulting pressure on the company's limited liquidity.
The inconsistency in the cash conversion cycle suggests that XBP faces structural challenges in collecting receivables efficiently, likely due to the manual nature of its bill processing services. This operational friction forces the company to rely more heavily on external financing, further exacerbating the risks posed by its already high debt-to-equity ratio.
Based on reported figures, XBP's debt-to-equity ratio reached 4.94 in 2025Q4, a level that appears to severely limit the firm's financial flexibility and leaves it highly vulnerable to interest rate fluctuations in the current European macroeconomic environment, warranting close monitoring of debt service coverage.
The high leverage ratio suggests that a significant portion of the company's operating cash flow is likely diverted toward interest payments, leaving little room for the R&D investment required to modernize its technology stack. This capital structure appears to be a legacy of its corporate restructuring, which may continue to weigh on the company's ability to compete with more agile, less-indebted software peers.
The most commonly misapplied metric for XBP is the P/S ratio, which erroneously categorizes the firm as a high-growth SaaS provider, thereby obscuring the reality that its 15.57% gross margin is more characteristic of a low-margin business process outsourcer than a scalable software company.
Investors should instead focus on gross margin expansion and operating cash flow as the primary indicators of health, as these metrics better reflect the company's transition from manual services to digital workflows. Relying on standard software multiples risks ignoring the significant operational costs that currently prevent XBP from achieving the profitability profile of its industry peers.
Includes 30+ ratios · 6 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 XBP stock.
XBP Global Holdings, Inc.'s current P/E ratio is 0.0x. The historical average is 0.1x.
XBP Global Holdings, Inc.'s current EV/EBITDA is 6.9x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 17.1x.
XBP Global Holdings, Inc.'s return on equity (ROE) is 3344.4%. This is above the typical threshold of 15-20% considered good for most companies.
Based on historical data, XBP Global Holdings, Inc. is trading at a P/E of 0.0x. Compare with industry peers and growth rates for a complete picture.
XBP Global Holdings, Inc. has 15.6% gross margin and 1.5% operating margin.
XBP Global Holdings, Inc.'s Debt/EBITDA ratio is 7.1x, indicating high leverage. A ratio above 4x may signal elevated financial risk.