Ocugen
Financial ratios & Valuation

Forward Multiples (2025 – 2028)

2025202620272028
Price/Earnings ratio
-3.40-3.701.78-50.01
Price/Sales ratio
4.949.682.341.45
Earnings per Share (EPS)
$-0.29$-0.27$0.56$-0.02

Historical Multiples (2014 – 2023)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
-0.74-1.44-1.46-1.75-0.37-0.34-9.07-15.20-3.58-2.22-2.18-0.34
Price/Sales ratio
N/AN/AN/AN/AN/AN/A4.81KN/A112.1323.27N/AN/A
Price/Book Value ratio
0.311.641.75-4.12-7.120.659.539.263.313.462.11-7.12
Price/Cash Flow ratio
-0.91-1.54-0.92-2.01-0.20-0.42-13.96-18.50-4.64-2.26-2.95-0.42
Price/Free Cash Flow ratio
-0.77-1.44-0.91-1.99-0.18-0.42-13.67-18.15-4.32-1.93-2.75-0.42
Price/Earnings Growth ratio
-0.000.010.02-0.700.000.000.10-0.30-0.170.080.070.00
Dividend Yield
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Profitability Indicator Ratios
Gross Profit Margin
N/AN/AN/AN/AN/AN/A85.09%N/A56.87%88.33%N/AN/A
Operating Profit Margin
N/AN/AN/AN/AN/AN/A-49940.67%N/A-3411.09%-1085.66%N/AN/A
Pretax Profit Margin
N/AN/AN/AN/AN/AN/A-51201.20%N/A-3269.73%-1045.02%N/AN/A
Net Profit Margin
N/AN/AN/AN/AN/AN/A-53081.81%N/A-3128.37%-1045.02%N/AN/A
Effective Tax Rate
46.16%3.65%97.60%0.70%182.35%-4.85%-3.67%0.08%4.91%N/AN/A-4.85%
Return on Assets
-34.79%-87.05%-44.92%-239.36%-49.59%-126.28%-82.63%-55.18%-71.64%-97.72%-74.88%-126.28%
Return On Equity
-42.04%-113.56%-119.46%234.41%1887.11%-192.63%-104.97%-60.91%-92.60%-155.50%-76.63%-192.63%
Return on Capital Employed
-57.05%-104.57%-98.05%-345.08%-206.85%-115.48%-89.57%-58.75%-94.11%-138.08%-94.11%-206.85%
Liquidity Ratios
Current Ratio
7.134.916.202.145.703.467.16N/AN/AN/A5.333.46
Quick Ratio
7.134.916.202.145.703.467.1614.665.332.514.923.46
Cash ratio
7.034.866.171.865.401.636.6513.564.202.304.201.63
Days of Sales Outstanding
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Days of Inventory outstanding
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Operating Cycle
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Days of Payables Outstanding
N/A509.50424.99184.6411.69K11.41K22.69K1.43K2.74K1.64KN/A11.41K
Cash Conversion Cycle
N/AN/AN/AN/AN/AN/A-22.69KN/A-2.74K-1.64KN/AN/A
Debt Ratios
Debt Ratio
0.020.030.020.010.050.060.070.010.020.050.220.05
Debt Equity Ratio
0.030.040.05-0.01-2.210.090.090.020.030.080.29-2.21
Long-term Debt to Capitalization
0.020.020.01N/A1.810.080.070.010.020.060.060.08
Total Debt to Capitalization
0.030.040.05-0.011.810.080.080.020.030.070.070.08
Interest Coverage Ratio
N/AN/AN/AN/AN/A-8.01-29.52N/AN/AN/AN/A-8.01
Cash Flow to Debt Ratio
-10.51-22.34-33.81-129.32-15.51-15.75-7.15-23.10-21.55-18.39-9.42-15.51
Company Equity Multiplier
1.201.302.65-0.97-38.051.521.271.101.291.591.29-38.05
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
N/AN/AN/AN/AN/AN/A-345.11N/A-24.14-10.28N/AN/A
Free Cash Flow / Operating Cash Flow Ratio
1.181.061.011.011.121.001.021.011.071.161.071.07
Cash Flow Coverage Ratio
-10.51-22.34-33.81-129.32-15.51-15.75-7.15-23.10-21.55-18.39-9.42-15.51
Short Term Coverage Ratio
-45.44-51.51-44.14-129.32N/AN/A-62.85-132.06-120.64-108.10-120.64N/A
Dividend Payout Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A