The9 Limited
Financial ratios & Valuation

Historical Multiples (2014 – 2023)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
-25.70-15.58-3.48-11.77-6.75-10.133.16-14.46-0.681.30-5.15-6.75
Price/Sales ratio
34.64102.3436.8619.0284.116.57K2.01K51.717.930.14117.1484.11
Price/Book Value ratio
22.71-24.06-6.10-2.93-2.06-2.67-4.379.0420.830.122.74-2.06
Price/Cash Flow ratio
-8.27-27.05-11.44-16.06-14.48-41.47-11.85-10.21-6.09-0.56-1.04-14.48
Price/Free Cash Flow ratio
-8.14-25.50-10.94-15.97-14.45-40.87-11.81-9.01-2.31-0.54-0.99-14.45
Price/Earnings Growth ratio
0.30-0.06-0.030.135.960.25-0.010.10-0.00-0.000.000.25
Dividend Yield
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Profitability Indicator Ratios
Gross Profit Margin
-33.45%-45.96%13.66%67.48%5.71%-293.05%-30.16%35.20%-55.29%-18.34%-32.97%-293.05%
Operating Profit Margin
-250.22%-703.49%-525.99%-154.90%-601.00%-47941.15%53831.29%-198.17%-808.83%-177.46%-3791.92%-47941.15%
Pretax Profit Margin
-200.60%-735.09%-1001.14%-231.99%-1348.06%-56610.33%64392.08%-305.50%-823.87%-80.57%-1601.12%-56610.33%
Net Profit Margin
-134.76%-656.79%-1056.56%-161.54%-1245.38%-64911.45%63611.67%-357.54%-1159.08%11.17%-2274.48%-64911.45%
Effective Tax Rate
199.02%8.77%1.08%-21.83%10.83%-14.66%1.77%-17.03%-40.68%N/AN/AN/A
Return on Assets
-16.74%-56.64%-169.22%-36.57%-131.82%-122.15%821.37%-37.07%-230.01%5.49%-22.09%-131.82%
Return On Equity
-88.36%154.45%174.83%24.94%30.50%26.41%-138.28%-62.56%-3041.35%9.69%-40.88%26.41%
Return on Capital Employed
-72.86%-296.47%132.64%22.82%14.08%18.67%-106.57%-35.15%-2751.83%-158.18%-92.57%18.67%
Liquidity Ratios
Current Ratio
0.860.180.150.220.030.140.11N/AN/AN/A1.140.03
Quick Ratio
0.860.180.130.180.010.010.111.060.231.360.160.01
Cash ratio
0.610.110.060.170.000.000.080.780.100.270.160.00
Days of Sales Outstanding
67.0356.2555.9025.4512.413.85K3.93K9.890.460.11183.9412.41
Days of Inventory outstanding
3.160.0068.34441.57414.4036.61K12.421.94K529.52N/AN/A36.61K
Operating Cycle
70.1956.25124.24467.02426.8140.46K3.94K1.95K529.990.1145.3540.46K
Days of Payables Outstanding
171.10222.24278.63569.85844.6910.39K15.95K165.4114.1216.531.00K844.69
Cash Conversion Cycle
-100.91-165.98-154.39-102.82-417.8730.07K-12.00K1.78K515.86-16.42-819.4830.07K
Debt Ratios
Debt Ratio
N/A0.311.041.373.303.27N/A0.070.120.190.603.27
Debt Equity Ratio
N/A-0.84-1.07-0.93-0.76-0.70N/A0.111.640.331.46-0.76
Long-term Debt to Capitalization
N/A-5.48-2.16N/AN/AN/AN/AN/AN/A0.070.00N/A
Total Debt to Capitalization
N/A-5.4814.30-15.17-3.26-2.43N/A0.100.620.250.17-3.26
Interest Coverage Ratio
N/A-51.31-3.90-1.35-1.09-3.76-27.51N/AN/AN/A2.78-1.09
Cash Flow to Debt Ratio
N/A-1.05-0.49-0.19-0.18-0.09N/A-7.40-2.07-0.66-12.52-0.09
Company Equity Multiplier
5.27-2.72-1.03-0.68-0.23-0.21-0.161.6813.221.762.41-0.23
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
-4.18-3.78-3.22-1.18-5.80-158.64-169.87-5.06-1.30-0.25-112.21-158.64
Free Cash Flow / Operating Cash Flow Ratio
1.011.061.041.001.001.011.001.132.631.041.051.00
Cash Flow Coverage Ratio
N/A-1.05-0.49-0.19-0.18-0.09N/A-7.40-2.07-0.66-12.52-0.09
Short Term Coverage Ratio
N/AN/A-1.36-0.19-0.18-0.09N/A-7.40-2.07-0.87-13.12-0.09
Dividend Payout Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A