Exagen
Financial ratios & Valuation

Forward Multiples (2025 – 2028)

2025202620272028
Price/Earnings ratio
-10.25-11.36-11.36-14.86
Price/Sales ratio
2.412.021.781.54
Earnings per Share (EPS)
$-0.94$-0.85$-0.85$-0.65

Historical Multiples (2013 – 2023)

2013 2014 2015 2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
-0.07-0.06-0.06-0.04-0.14-26.50-10.00-6.91-0.86-1.48-0.58-0.58
Price/Sales ratio
0.320.080.060.040.037.893.973.840.890.660.630.03
Price/Book Value ratio
2.21-0.07-0.05-0.25-0.175.733.992.180.961.550.97-0.17
Price/Cash Flow ratio
-0.14-0.09-0.09-0.10-0.12-32.85-11.85-9.16-1.27-2.43-0.79-0.79
Price/Free Cash Flow ratio
-0.14-0.09-0.09-0.10-0.12-31.54-11.48-8.20-1.12-2.30-0.75-0.75
Price/Earnings Growth ratio
0.00-0.01-0.00N/A0.000.26-0.26-0.25-0.010.020.010.00
Dividend Yield
N/AN/AN/AN/AN/A2.11%N/AN/AN/AN/AN/A2.11%
Profitability Indicator Ratios
Gross Profit Margin
7.36%40.96%46.87%47.26%52.59%53.43%60.55%57.37%46.85%56.05%44.37%53.43%
Operating Profit Margin
-299.31%-99.08%-57.88%-29.23%-15.04%-23.02%-36.17%-49.82%-88.98%-43.45%-105.42%-23.02%
Pretax Profit Margin
-440.39%-128.56%-105.48%-97.66%-24.51%-29.74%-39.94%-55.23%-104.62%-45.01%-109.75%-29.74%
Net Profit Margin
-441.76%-128.44%-106.89%-95.61%-24.69%-29.80%-39.75%-55.59%-104.00%-45.08%-109.31%-29.80%
Effective Tax Rate
-0.31%0.08%-1.33%2.09%-0.72%-0.20%0.47%-0.65%0.59%-0.13%-0.39%-0.72%
Return on Assets
-82.03%-87.35%-131.14%-125.70%-27.73%-13.63%-21.29%-21.75%-54.95%-41.60%-82.30%-13.63%
Return On Equity
-2992.46%106.58%86.47%552.63%118.97%-21.62%-39.88%-31.61%-111.60%-104.38%-118.78%-21.62%
Return on Capital Employed
-155.72%126.82%51.19%-50.88%-24.47%-11.28%-21.81%-21.08%-52.93%-50.70%-89.34%-11.28%
Liquidity Ratios
Current Ratio
N/AN/AN/AN/AN/A13.788.03N/AN/AN/A7.5413.78
Quick Ratio
0.730.190.112.542.2613.547.9011.987.353.777.112.26
Cash ratio
0.730.170.072.251.4712.226.5410.676.483.066.481.47
Days of Sales Outstanding
6.45N/AN/A8.2266.9651.6477.4772.9548.6845.5034.1651.64
Days of Inventory outstanding
N/AN/AN/A14.0424.2527.6926.5119.3427.0545.38N/A27.69
Operating Cycle
6.45N/AN/A22.2691.2279.34103.9992.2975.7390.888.4279.34
Days of Payables Outstanding
93.6397.4983.5445.7530.3528.6466.4344.1845.9149.4830.7830.35
Cash Conversion Cycle
-87.18-97.49-83.54-23.4860.8650.6937.5548.1129.8241.393.3750.69
Debt Ratios
Debt Ratio
0.541.151.760.920.850.290.340.220.330.340.500.50
Debt Equity Ratio
19.76-1.41-1.16-4.05-3.650.460.630.320.680.851.03-3.65
Long-term Debt to Capitalization
N/A-0.11N/A1.321.370.310.380.240.400.450.430.43
Total Debt to Capitalization
0.953.427.031.321.370.310.380.240.400.460.440.44
Interest Coverage Ratio
N/AN/AN/AN/AN/A-2.66-5.92N/AN/AN/A-18.73-2.66
Cash Flow to Debt Ratio
-0.77-0.54-0.46-0.58-0.37-0.37-0.52-0.73-1.10-0.74-1.50-0.37
Company Equity Multiplier
36.47-1.22-0.65-4.39-4.281.581.871.452.032.502.03-4.28
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
-2.24-0.92-0.66-0.40-0.28-0.24-0.33-0.41-0.70-0.27-0.79-0.24
Free Cash Flow / Operating Cash Flow Ratio
1.021.061.061.051.021.041.031.111.131.051.051.02
Cash Flow Coverage Ratio
-0.77-0.54-0.46-0.58-0.37-0.37-0.52-0.73-1.10-0.74-1.50-0.37
Short Term Coverage Ratio
-0.77-0.58-0.46N/AN/AN/AN/AN/A-169.17-54.78-42.17N/A
Dividend Payout Ratio
N/AN/AN/AN/AN/A-55.99%N/AN/AN/AN/AN/A-55.99%