Latest Ratios: P/E Ratio -17.7x · EV/EBITDA N/A · ROE -16.2%. (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 | $73M | $61M | $48M | $39M | $40M | $29M | $33M | $17M | $14M | $29M | $24M |
| Enterprise Value | $73M | $61M | $48M | $38M | $40M | $29M | $32M | $17M | $13M | $29M | $24M |
| P/E Ratio → | -17.74 | — | — | — | — | — | — | — | — | — | — |
| P/S Ratio | — | — | — | — | — | — | — | — | 27.01 | — | — |
| P/B Ratio | 2.76 | 2.46 | 2.14 | 1.48 | 1.84 | 1.27 | 1.39 | 0.72 | 0.50 | 0.96 | 1.38 |
| 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 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | — | — | — | — | — | — | — | 26.77 | — | — |
| 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 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | — | — | — | — | — | — | — | — | -154.8% | — | — |
| Operating Margin | — | — | — | — | — | — | — | — | -544.0% | — | — |
| Net Profit Margin | — | — | — | — | — | — | — | — | -716.7% | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -16.2% | -16.2% | -22.1% | -15.8% | -17.5% | -10.1% | -3.9% | -12.8% | -12.6% | -4.0% | -9.7% |
| ROA | -15.9% | -15.9% | -21.6% | -15.4% | -17.2% | -10.0% | -3.9% | -12.5% | -12.3% | -3.9% | -9.6% |
| ROIC | -14.1% | -14.1% | -18.8% | -13.1% | -12.5% | -7.1% | -4.8% | -9.4% | -7.2% | -6.1% | -23.9% |
| ROCE | -18.7% | -18.7% | -24.8% | -17.2% | -16.3% | -9.3% | -6.2% | -12.3% | -9.5% | -8.0% | -15.8% |
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 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — | — | — |
| Debt / EBITDA | — | — | — | — | — | — | — | — | — | — | — |
| Net Debt / Equity | — | -0.00 | -0.00 | -0.00 | -0.01 | -0.02 | -0.03 | -0.02 | -0.00 | -0.01 | -0.01 |
| Net Debt / EBITDA | — | — | — | — | — | — | — | — | — | — | — |
| Debt / FCF | — | — | — | — | — | — | — | — | — | — | — |
| Interest Coverage | — | — | — | — | -5.92 | — | — | — | — | -15.56 | — |
Net cash position: cash ($82000) exceeds total debt ($7000)
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 | 37.26 | 37.26 | 16.28 | 15.73 | 19.98 | 25.94 | 46.26 | 32.55 | 17.64 | 103.64 | 133.31 |
| Quick Ratio | 37.26 | 37.26 | 16.28 | 15.73 | 19.98 | 25.94 | 46.26 | 32.55 | 17.64 | 103.64 | 133.31 |
| Cash Ratio | 36.97 | 36.97 | 16.10 | 15.30 | 19.83 | 24.84 | 46.11 | 31.38 | 17.33 | 102.83 | 132.60 |
| Asset Turnover | — | — | — | — | — | — | — | — | 0.02 | — | — |
| 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 | 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 | — | — | — | — | — | — | — | — | — | — | — |
| FCF Yield | — | — | — | — | — | — | — | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.1% | 0.7% | 0.1% | 1.0% |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.1% | 0.7% | 0.1% | 1.0% |
| Shares Outstanding | — | $87M | $81M | $69M | $64M | $59M | $58M | $58M | $58M | $48M | $39M |
Imminent liquidity depletion
According to recent financial data, XPL trades at a P/B ratio of 2.64, which appears to reflect speculative optionality rather than fundamental value, given the company's lack of revenue and the absence of meaningful earnings multiples to justify current market capitalization relative to its peers.
The valuation is heavily influenced by the perceived value of joint venture interests rather than operational performance. Investors should monitor whether this premium holds as the company approaches a likely dilutive financing event to address its precarious cash position.
As reported in recent financial statements, Solitario Zinc Corp.'s cash reserves have dwindled to a precarious $82,000, a figure that appears insufficient to cover ongoing administrative overhead and property maintenance costs, thereby signaling an urgent and immediate requirement for external capital infusion to maintain operations.
While the current ratio of 32.66 suggests high liquidity, this is a misleading artifact of the company's exploration-stage status and lack of current liabilities. The reality is that the company lacks the liquid assets to sustain its current burn rate, making it highly vulnerable to market volatility.
Based on the provided quarterly figures, XPL's ROIC has consistently trended in negative territory, reaching -1.7% in 2026Q1, which indicates that the company is currently destroying invested capital rather than compounding it through its exploration and development activities.
The persistent negative returns are a structural consequence of funding G&A and exploration through equity dilution without offsetting revenue. This trend warrants further investigation into whether the company's mineral assets can ever generate returns exceeding the cost of capital once they reach production.
The P/B ratio is the most commonly misapplied metric for XPL, as it obscures the fact that the company's mineral properties are recorded at historical cost rather than fair market value, failing to account for the high probability of significant future equity dilution.
Investors should instead focus on the 'implied burn rate' and the depletion of cash against property maintenance requirements. Relying on book value provides a false sense of security that ignores the company's total dependence on external capital markets for survival.
Includes 30+ ratios · 30 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 XPL stock.
Solitario Zinc Corp.'s current P/E ratio is -17.7x. The historical average is 2.1x.
Solitario Zinc Corp.'s return on equity (ROE) is -16.2%. The historical average is -13.9%.
Based on historical data, Solitario Zinc Corp. is trading at a P/E of -17.7x. Compare with industry peers and growth rates for a complete picture.