Coda Octopus Group, Inc. (CODA) Key Metrics
CODA valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $112.0M
- Enterprise value
- $94.6M
- P/E (TTM)
- 22.1 10-yr median 17.7
- Forward P/E
- 21.1
- PEG ratio
- 3.81
- Price / sales
- 3.9 10-yr median 3.3
- Price / book
- 2.0 10-yr median 2.0
- EV / EBITDA
- 12.4 10-yr median 11.9
- Dividend yield
- —
- Beta
- 0.60
CODA key metrics, FY2016–FY2025
Fiscal year ended October 31, 2025 · U.S. dollarsCODA valuation Price multiples at each fiscal year-end price.
CODA returns How much profit the business earns on the capital it uses.
CODA per-share figures Results divided by the shares outstanding at year-end.
CODA financial health Debt, liquidity and how easily interest is covered.
CODA efficiency & capital use Working capital cycle and where the cash goes.
CODA valuation history
CODA returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
CODA debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
CODA cash returned to shareholders
CODA price vs earnings per share
CODA key metrics
FY2016–FY2025| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $115.3M | $96.3M | $74.7M | $72.4M | $95.5M | $62.3M | $78.4M | $61.4M | $46.3M | $7.3M |
| Enterprise value | $87.1M | $74.2M | $50.3M | $49.5M | $77.8M | $47.8M | $67.7M | $55.9M | $47.8M | $30.6M |
| P/E ratio | 27.9 | 26.4 | 23.9 | 16.8 | 19.3 | 18.6 | 15.0 | 12.3 | 13.9 | 1.5 |
| Price / sales | 4.3 | 4.7 | 3.9 | 3.3 | 4.5 | 3.1 | 3.1 | 3.4 | 2.6 | 0.3 |
| Price / book | 2.0 | 1.8 | 1.5 | 1.7 | 2.3 | 1.8 | 2.6 | 2.5 | 3.4 | — |
| Price / free cash flow | 19.1 | 51.8 | 288.0 | 11.7 | 41.4 | 18.1 | 19.2 | 34.2 | 20.3 | 1.9 |
| Price / operating cash flow | 16.0 | 39.3 | 31.3 | 10.8 | 29.2 | 14.1 | 12.3 | 25.2 | 9.6 | 1.7 |
| EV / sales | 3.3 | 3.7 | 2.6 | 2.2 | 3.6 | 2.4 | 2.7 | 3.1 | 2.7 | 1.5 |
| EV / EBITDA | 12.6 | 16.7 | 18.4 | 8.4 | 12.5 | 11.2 | 9.5 | 13.6 | 10.0 | 4.7 |
| EV / free cash flow | 14.4 | 39.9 | 193.8 | 8.0 | 33.7 | 13.9 | 16.6 | 31.2 | 21.0 | 8.1 |
| Earnings yield | 3.6% | 3.8% | 4.2% | 5.9% | 5.2% | 5.4% | 6.7% | 8.1% | 7.2% | 67.8% |
| Free cash flow yield | 5.2% | 1.9% | 0.3% | 8.5% | 2.4% | 5.5% | 5.2% | 2.9% | 4.9% | 51.9% |
| Dividend yield | — | — | — | — | — | — | — | — | 0.0% | — |
| Shareholder yield (dividends + buybacks) | 0.0% | 0.0% | 0.0% | 0.0% | — | — | 0.0% | 0.0% | 2.4% | 1.3% |
| Share price at fiscal year-end | $10.25 | $8.53 | $6.60 | $6.42 | $8.44 | $5.52 | $7.34 | $6.08 | $4.98 | $1.68 |
| Per share | ||||||||||
| Revenue per share | $2.36 | $1.80 | $1.71 | $1.97 | $1.89 | $1.77 | $2.35 | $1.79 | $1.94 | $4.88 |
| Earnings per share | $0.37 | $0.32 | $0.28 | $0.38 | $0.44 | $0.30 | $0.49 | $0.49 | $0.36 | $1.14 |
| Operating cash flow per share | $0.64 | $0.22 | $0.21 | $0.60 | $0.29 | $0.39 | $0.60 | $0.24 | $0.52 | $1.01 |
| Free cash flow per share | $0.54 | $0.16 | $0.02 | $0.55 | $0.20 | $0.30 | $0.38 | $0.18 | $0.24 | $0.87 |
| Cash per share | $2.55 | $1.99 | $2.16 | $2.03 | $1.57 | $1.34 | $1.10 | $0.74 | $0.74 | $0.05 |
| Book value per share | $5.16 | $4.71 | $4.28 | $3.85 | $3.63 | $3.05 | $2.87 | $2.42 | $1.49 | −$3.01 |
| Tangible book value per share | $4.56 | $4.06 | $3.94 | $3.51 | $3.29 | $2.71 | $2.53 | $2.06 | $1.10 | −$3.92 |
| Dividends per share | — | — | — | — | — | — | — | — | $0.00 | — |
| Capex per share | $0.10 | $0.05 | $0.19 | $0.05 | $0.09 | $0.09 | $0.22 | $0.06 | $0.28 | $0.14 |
| Debt per share | $0.04 | $0.04 | — | — | $0.01 | $0.05 | $0.10 | $0.20 | $0.89 | $5.45 |
| Shares outstanding | 11.3M | 11.3M | 11.3M | 11.3M | 11.3M | 11.3M | 10.7M | 10.1M | 9.3M | 4.3M |
| Change in shares outstanding | −0.3% | −0.3% | +0.4% | −0.3% | +0.1% | +5.8% | +5.8% | +8.4% | +115.1% | −35.9% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 7.4% | 7.2% | 6.8% | 10.2% | 13.1% | 10.3% | 19.0% | 26.1% | 844.7% | — |
| Return on invested capital (ROIC) | 11.2% | 10.3% | 12.3% | 19.1% | 16.7% | 13.8% | 27.0% | 19.4% | 29.8% | 46.9% |
| Return on assets (ROA) | 6.8% | 6.7% | 6.3% | 9.3% | 11.9% | 9.2% | 16.6% | 18.9% | 19.8% | 31.2% |
| Return on tangible assets | 7.2% | 7.3% | 6.5% | 10.0% | 11.9% | 9.7% | 17.0% | 19.9% | 16.3% | 85.0% |
| Free cash flow margin | 22.7% | 9.2% | 1.3% | 27.8% | 10.8% | 17.1% | 16.3% | 10.0% | 12.6% | 17.9% |
| Income quality (OCF / net income) | 1.75 | 0.67 | 0.76 | 1.56 | 0.66 | 1.33 | 1.22 | 0.49 | 1.45 | 0.89 |
| Financial health | ||||||||||
| Total debt | $394,932 | $413,171 | — | — | $63,559 | $573,108 | $1.1M | $2.0M | $8.3M | $23.6M |
| Cash & short-term investments | $28.7M | $22.5M | $24.4M | $22.9M | $17.7M | $15.1M | $11.7M | $7.5M | $6.9M | $230,079 |
| Net debt | −$28.3M | −$22.1M | −$24.4M | −$22.9M | −$17.7M | −$14.6M | −$10.7M | −$5.5M | $1.4M | $23.4M |
| Debt / equity | 0.01 | 0.01 | — | — | 0.00 | 0.02 | 0.03 | 0.08 | 0.60 | — |
| Debt / assets | 0.01 | 0.01 | — | — | 0.00 | 0.02 | 0.03 | 0.07 | 0.34 | 2.43 |
| Net debt / EBITDA | −4.10 | −4.97 | −8.92 | −3.90 | −2.85 | −3.40 | −1.49 | −1.34 | 0.30 | 3.58 |
| Current ratio | 8.86 | 11.03 | 12.47 | 10.67 | 8.35 | 8.18 | 8.07 | 5.59 | 3.71 | 0.25 |
| Quick ratio | 6.45 | 7.44 | 8.90 | 7.78 | 5.84 | 5.48 | 6.28 | 4.41 | 2.82 | 0.17 |
| Interest coverage | — | — | — | 515.7 | 195.2 | 39.9 | 68.6 | 13.3 | 6.4 | 6.5 |
| Working capital | $44.4M | $39.1M | $37.6M | $33.5M | $31.3M | $24.3M | $21.1M | $14.9M | $11.1M | −$16.9M |
| Invested capital | $29.8M | $31.1M | $24.0M | $20.5M | $23.4M | $19.8M | $20.0M | $18.9M | $15.3M | $10.3M |
| Tangible asset value | $51.3M | $45.8M | $44.6M | $39.6M | $37.3M | $30.7M | $27.0M | $20.8M | $10.2M | −$17.0M |
| Net current asset value | $43.6M | $38.6M | $37.5M | $33.5M | $31.1M | $24.0M | $20.4M | $13.8M | $5.0M | −$17.1M |
| Graham number | $6.53 | $5.85 | $5.15 | $5.74 | $5.98 | $4.50 | $5.62 | $5.18 | $3.46 | — |
| Graham net-net per share | $3.05 | $2.60 | $2.66 | $2.40 | $2.00 | $1.62 | $1.47 | $0.97 | $0.17 | −$4.54 |
| Capital allocation | ||||||||||
| Dividends paid | — | — | — | — | — | — | — | — | $0 | — |
| Share buybacks (net) | $0 | $15,633 | $17,963 | $28,337 | — | — | $0 | $0 | $1.1M | $96,350 |
| Dividend payout ratio | — | — | — | — | — | — | — | — | 0.0% | — |
| Dividends + buybacks / free cash flow | 0.0% | 0.8% | 6.9% | 0.5% | — | — | 0.0% | 0.0% | 48.3% | 2.6% |
| Capex / revenue | 4.4% | 2.9% | 11.0% | 2.5% | 4.5% | 5.0% | 9.2% | 3.5% | 14.2% | 2.9% |
| Capex / operating cash flow | 16.2% | 24.1% | 89.1% | 8.3% | 29.5% | 22.5% | 36.0% | 26.2% | 52.9% | 14.0% |
| Capex / depreciation | 0.84 | 0.77 | 3.19 | 0.75 | 1.04 | 1.24 | 2.76 | 0.84 | 2.69 | 0.76 |
| Stock-based compensation / revenue | 0.8% | 0.7% | 3.3% | 5.1% | 4.9% | 3.0% | 2.6% | 2.5% | 0.7% | 0.6% |
| R&D / revenue | 9.2% | 11.0% | 10.8% | 10.1% | 14.0% | 15.9% | 11.2% | 14.3% | 7.7% | 4.8% |
| SG&A / revenue | 40.2% | 41.1% | 42.3% | 35.8% | 37.1% | 33.6% | 29.4% | 37.6% | 37.6% | 28.9% |
| Efficiency | ||||||||||
| Days sales outstanding | 87.2 | 90.3 | 75.1 | 73.2 | 71.0 | 88.5 | 95.1 | 106.9 | 69.3 | 56.0 |
| Days of inventory on hand | 566.2 | 762.3 | 626.9 | 537.5 | 551.6 | 361.6 | 194.1 | 254.7 | 163.7 | 119.9 |
| Days payables outstanding | 50.1 | 69.6 | 60.7 | 58.3 | 76.2 | 63.8 | 47.8 | 67.1 | 90.9 | 66.2 |
| Cash conversion cycle (days) | 603.3 | 783.0 | 641.3 | 552.3 | 546.4 | 386.3 | 241.3 | 294.4 | 142.0 | 109.7 |
| Receivables turnover | 4.18 | 4.04 | 4.86 | 4.99 | 5.14 | 4.12 | 3.84 | 3.41 | 5.27 | 6.52 |
| Payables turnover | 7.29 | 5.24 | 6.02 | 6.26 | 4.79 | 5.72 | 7.63 | 5.44 | 4.01 | 5.52 |
| Inventory turnover | 0.64 | 0.48 | 0.58 | 0.68 | 0.66 | 1.01 | 1.88 | 1.43 | 2.23 | 3.04 |
| Asset turnover | 0.44 | 0.37 | 0.39 | 0.48 | 0.51 | 0.55 | 0.79 | 0.68 | 1.07 | 1.34 |
| Average receivables | $6.3M | $5.0M | $4.0M | $4.5M | $4.1M | $4.9M | $6.5M | $5.3M | $3.4M | $3.2M |
| Average payables | $1.2M | $1.2M | $1.1M | $1.1M | $1.4M | $1.3M | $1.1M | $985,071 | $1.5M | $1.5M |
| Average inventory | $13.8M | $12.8M | $10.9M | $10.4M | $9.9M | $7.2M | $4.6M | $3.7M | $2.7M | $2.8M |
| Intangibles / total assets | 10.6% | 12.7% | 7.5% | 8.1% | 8.3% | 9.8% | 10.5% | 12.6% | 14.9% | 40.3% |
Computed from CODA's annual financial statements (latest annual report filed January 29, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
CODA valuation and financial ratios
At the end of fiscal 2025 (October 31, 2025), Coda Octopus traded at 27.9 times earnings, against a 10-year median of 17.7. Based on the latest twelve months, the trailing P/E is 22.1 and the forward P/E is 21.1. Coda Octopus earned a return on equity of 7.4% and a return on invested capital of 11.2% in fiscal 2025. It ended the year with $0.4 million of debt and $28.7 million in cash and short-term investments, a net cash position of $28.3 million. The share count rose 159.9% from 4.3M to 11.3M over 9 years.
See the CODA income statement, the CODA chart for price history, or the CODA stock overview for the latest quote and news.
CODA key metrics FAQ
What is Coda Octopus's P/E ratio?
Coda Octopus's trailing P/E ratio is 22.1 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 21.1. At the end of fiscal 2025 it was 27.9, compared with a 10-year median of 17.7.
What is Coda Octopus's EV/EBITDA?
Coda Octopus's enterprise value was 12.6 times EBITDA at the end of fiscal 2025 (enterprise value $87.1 million, EBITDA $6.9 million); the current EV/EBITDA is 12.4.
What is Coda Octopus's return on equity?
Coda Octopus's return on equity (ROE) was 7.4% in fiscal 2025: net income of $4.1 million on average shareholders' equity of $55.6 million.
What is Coda Octopus's ROIC?
Coda Octopus's return on invested capital was 11.2% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Coda Octopus have?
Coda Octopus had total debt of $0.4 million at the end of fiscal 2025, a debt-to-equity ratio of 0.01 and more cash than debt.
What is Coda Octopus's free cash flow yield?
Coda Octopus generated $6.0 million of free cash flow in fiscal 2025, a free cash flow yield of 5.2% on its market value at year-end ($115.3 million).
What is Coda Octopus's current ratio?
Coda Octopus's current ratio was 8.86 at the end of fiscal 2025: current assets were 8.86 times current liabilities.