Paragon 28
Financial ratios & Valuation

Forward Multiples (2025 – 2028)

2025202620272028
Price/Earnings ratio
-29.18-36.11-26.18-35.37
Price/Sales ratio
3.312.802.331.97
Earnings per Share (EPS)
$-0.44$-0.36$-0.5$-0.37

Historical Multiples (2019 – 2023)

2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
458.44532.00-98.76-21.78-21.32-20.40-59.58
Price/Sales ratio
13.4412.879.178.084.717.578.62
Price/Book Value ratio
52.4419.987.0310.405.749.758.39
Price/Cash Flow ratio
116.191.28K-407.70-29.82-15.97-27.93-217.82
Price/Free Cash Flow ratio
-249.12-146.87-54.96-15.89-11.10-14.89-100.91
Price/Earnings Growth ratio
N/A-38.760.16-0.050.620.050.10
Dividend Yield
N/AN/AN/AN/AN/AN/AN/A
Profitability Indicator Ratios
Gross Profit Margin
82.28%77.38%80.99%82.10%79.85%82.10%79.19%
Operating Profit Margin
2.55%5.07%-7.30%-19.32%-17.24%-19.32%-13.31%
Pretax Profit Margin
1.85%4.52%-8.80%-37.15%-22.01%-37.15%-22.97%
Net Profit Margin
2.93%2.42%-9.28%-37.11%-22.10%-37.11%-23.20%
Effective Tax Rate
-58.22%30.38%-5.49%0.09%-0.44%0.09%12.44%
Return on Assets
4.18%2.75%-5.83%-26.49%-14.04%-26.49%-16.16%
Return On Equity
11.43%3.75%-7.12%-47.77%-26.91%-39.97%-23.54%
Return on Capital Employed
9.94%7.45%-5.37%-18.88%-12.88%-18.88%-12.12%
Liquidity Ratios
Current Ratio
N/AN/AN/AN/AN/A2.07N/A
Quick Ratio
0.551.794.101.182.291.122.64
Cash ratio
0.050.793.220.561.470.561.89
Days of Sales Outstanding
76.5270.5466.4877.0764.2977.0768.51
Days of Inventory outstanding
476.48468.64524.12685.39820.96685.39496.38
Operating Cycle
553.01539.19590.60762.47885.26704.40564.89
Days of Payables Outstanding
291.50128.14169.68167.99181.63167.99168.84
Cash Conversion Cycle
261.50411.04420.91594.47703.6278.07507.69
Debt Ratios
Debt Ratio
0.270.060.030.160.320.440.04
Debt Equity Ratio
0.740.080.030.300.620.800.06
Long-term Debt to Capitalization
0.000.050.030.230.380.230.04
Total Debt to Capitalization
0.420.080.030.230.380.230.05
Interest Coverage Ratio
N/AN/AN/AN/AN/A-8.48N/A
Cash Flow to Debt Ratio
0.600.17-0.43-1.14-0.57-1.14-0.79
Company Equity Multiplier
2.731.361.221.801.911.801.29
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.110.01-0.02-0.27-0.29-0.27-0.14
Free Cash Flow / Operating Cash Flow Ratio
-0.46-8.757.411.871.431.874.64
Cash Flow Coverage Ratio
0.600.17-0.43-1.14-0.57-1.14-0.79
Short Term Coverage Ratio
0.610.49-21.67-67.55-99.82-67.55-44.61
Dividend Payout Ratio
N/AN/AN/AN/AN/AN/AN/A