U.S. Global Investors, Inc. (GROW) Key Metrics
GROW valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $33.5M
- Enterprise value
- $3.0M
- P/E (TTM)
- 11.3 10-yr median 16.8
- Forward P/E
- 28.8
- PEG ratio
- —
- Price / sales
- 3.3 10-yr median 4.0
- Price / book
- 0.8 10-yr median 1.0
- EV / EBITDA
- 0.8 10-yr median 1.8
- Dividend yield
- 2.75% $0.09 a year
- Beta
- 0.67
GROW key metrics, FY2017–FY2026
Fiscal year ended June 30, 2026 · U.S. dollarsGROW valuation Price multiples at each fiscal year-end price.
GROW returns How much profit the business earns on the capital it uses.
GROW per-share figures Results divided by the shares outstanding at year-end.
GROW financial health Debt, liquidity and how easily interest is covered.
GROW efficiency & capital use Working capital cycle and where the cash goes.
GROW valuation history
GROW returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
GROW debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
GROW cash returned to shareholders
GROW price vs earnings per share
GROW key metrics
FY2017–FY2026| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $39.6M | $34.7M | $37.0M | $44.8M | $66.3M | $93.3M | $28.7M | $27.4M | $24.4M | $23.1M |
| Enterprise value | $5.6M | $535,030 | $11,941 | $7.8M | $32.0M | $72.6M | $21.0M | $19.8M | $9.9M | $9.5M |
| P/E ratio | 13.0 | — | 27.8 | 14.2 | 19.3 | 2.9 | — | — | 37.7 | — |
| Price / sales | 5.1 | 4.1 | 3.4 | 3.0 | 2.7 | 4.3 | 6.4 | 7.9 | 3.9 | 3.4 |
| Price / book | 0.9 | 0.8 | 0.8 | 0.9 | 1.2 | 1.7 | 1.7 | 1.3 | 1.0 | 1.0 |
| Price / free cash flow | 58.0 | — | 47.6 | 15.5 | 6.4 | 19.9 | — | — | — | 33.5 |
| Price / operating cash flow | 53.3 | — | 37.4 | 15.4 | 6.3 | 19.6 | — | — | — | 33.5 |
| EV / sales | 0.7 | 0.1 | 0.0 | 0.5 | 1.3 | 3.4 | 4.7 | 5.7 | 1.6 | 1.4 |
| EV / EBITDA | 1.4 | — | 0.0 | 1.8 | 6.2 | 8.5 | — | — | — | — |
| EV / free cash flow | 8.1 | — | 0.0 | 2.7 | 3.1 | 15.5 | — | — | — | 13.8 |
| Earnings yield | 7.7% | −1.0% | 3.6% | 7.0% | 5.2% | 34.3% | −16.3% | −12.4% | 2.7% | −2.2% |
| Free cash flow yield | 1.7% | −2.4% | 2.1% | 6.5% | 15.5% | 5.0% | −0.8% | −4.4% | −0.1% | 3.0% |
| Dividend yield | 2.9% | 3.5% | 3.5% | 3.0% | 1.9% | 0.7% | 1.6% | 1.7% | 1.9% | 2.0% |
| Shareholder yield (dividends + buybacks) | 7.9% | 9.2% | 9.3% | 5.6% | 2.5% | 1.0% | 2.0% | 1.7% | 2.4% | 2.5% |
| Share price at fiscal year-end | $3.12 | $2.60 | $2.61 | $3.06 | $4.42 | $6.19 | $1.90 | $1.81 | $1.61 | $1.52 |
| Per share | ||||||||||
| Revenue per share | $0.61 | $0.63 | $0.77 | $1.03 | $1.65 | $1.44 | $0.30 | $0.23 | $0.41 | $0.44 |
| Earnings per share | $0.24 | −$0.03 | $0.09 | $0.22 | $0.23 | $2.12 | −$0.31 | −$0.22 | $0.04 | −$0.03 |
| Operating cash flow per share | $0.06 | −$0.06 | $0.07 | $0.20 | $0.70 | $0.32 | −$0.02 | −$0.08 | −$0.00 | $0.05 |
| Free cash flow per share | $0.05 | −$0.06 | $0.05 | $0.20 | $0.69 | $0.31 | −$0.02 | −$0.08 | −$0.00 | $0.05 |
| Cash per share | $2.69 | $2.57 | $2.61 | $2.53 | $2.30 | $1.38 | $0.55 | $0.63 | $0.96 | $0.90 |
| Book value per share | $3.56 | $3.39 | $3.46 | $3.55 | $3.61 | $3.61 | $1.11 | $1.43 | $1.69 | $1.57 |
| Tangible book value per share | $3.56 | $3.39 | $3.46 | $3.40 | $3.50 | $3.61 | $1.11 | $1.43 | $1.69 | $1.57 |
| Dividends per share | $0.09 | $0.09 | $0.09 | $0.09 | $0.08 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 |
| Capex per share | $0.00 | $0.00 | $0.02 | $0.00 | $0.01 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Debt per share | $0.01 | $0.01 | $0.00 | $0.00 | $0.01 | $0.00 | $0.04 | $0.12 | $0.00 | $0.01 |
| Shares outstanding | 12.7M | 13.3M | 14.2M | 14.6M | 15.0M | 15.1M | 15.1M | 15.1M | 15.2M | 15.2M |
| Change in shares outstanding | −4.9% | −5.9% | −3.1% | −2.5% | −0.4% | −0.3% | −0.2% | −0.1% | −0.4% | −0.5% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 6.8% | −0.7% | 2.6% | 5.9% | 6.3% | 89.9% | −24.3% | −14.3% | 2.6% | −2.1% |
| Return on invested capital (ROIC) | 16.2% | −20.5% | −2.5% | 15.6% | 28.8% | 32.7% | −16.4% | −17.3% | −16.7% | −6.6% |
| Return on assets (ROA) | 6.3% | −0.7% | 2.5% | 5.5% | 5.7% | 78.8% | −22.0% | −12.9% | 2.4% | −2.0% |
| Return on tangible assets | 6.3% | −0.7% | 2.6% | 5.9% | 6.1% | 51.3% | −24.9% | −14.3% | 2.2% | −2.0% |
| Free cash flow margin | 8.8% | −9.8% | 7.1% | 19.2% | 41.7% | 21.7% | −5.4% | −34.5% | −0.5% | 10.2% |
| Income quality (OCF / net income) | 0.24 | — | 0.74 | 0.92 | 3.06 | 0.15 | — | — | −0.05 | — |
| Financial health | ||||||||||
| Total debt | $148,000 | $83,000 | $39,000 | $66,000 | $93,000 | $43,000 | $535,000 | $1.8M | $65,000 | $78,000 |
| Cash & short-term investments | $34.2M | $34.2M | $37.0M | $37.0M | $34.5M | $20.8M | $8.3M | $9.5M | $14.5M | $13.7M |
| Net debt | −$34.0M | −$34.2M | −$37.0M | −$37.0M | −$34.4M | −$20.7M | −$7.7M | −$7.6M | −$14.5M | −$13.6M |
| Debt / equity | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.03 | 0.08 | 0.00 | 0.00 |
| Debt / assets | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.03 | 0.08 | 0.00 | 0.00 |
| Net debt / EBITDA | −8.73 | — | −17.99 | −8.53 | −6.62 | −2.43 | — | — | — | — |
| Current ratio | 971.68 | 20.87 | 18.63 | 13.74 | 9.20 | 5.20 | 5.25 | 9.14 | 9.66 | 14.98 |
| Quick ratio | 971.68 | 20.87 | 23.42 | 17.89 | 9.20 | 6.84 | 8.39 | 14.88 | 9.68 | 23.31 |
| Interest coverage | 379.5 | — | -160.0 | 881.2 | 2.8 | 0.1 | -0.5 | -0.9 | -0.5 | — |
| Working capital | $27.2M | $37.2M | $38.2M | $37.4M | $33.9M | $21.6M | $8.5M | $11.7M | $15.3M | $16.3M |
| Invested capital | $11.1M | $11.0M | $12.0M | $15.0M | $19.8M | $33.6M | $9.0M | $14.1M | $11.1M | $10.3M |
| Tangible asset value | $45.1M | $45.2M | $49.0M | $49.8M | $52.5M | $54.3M | $16.8M | $22.2M | $26.1M | $24.4M |
| Net current asset value | $23.6M | $36.3M | $37.4M | $36.7M | $33.8M | $18.8M | $8.5M | $11.5M | $14.2M | $16.3M |
| Graham number | $4.39 | — | $2.70 | $4.15 | $4.31 | $13.12 | — | — | $1.27 | — |
| Graham net-net per share | $2.52 | $2.54 | $2.13 | $1.96 | $2.12 | $0.80 | $0.25 | $0.28 | $0.83 | $0.62 |
| Capital allocation | ||||||||||
| Dividends paid | $1.1M | $1.2M | $1.3M | $1.3M | $1.2M | $640,000 | $452,000 | $454,000 | $455,000 | $456,000 |
| Share buybacks (net) | $2.0M | $2.0M | $2.2M | $1.2M | $452,000 | $314,000 | $113,000 | $24,000 | $141,000 | $114,000 |
| Dividend payout ratio | 37.3% | — | 95.9% | 42.3% | 36.0% | 2.0% | — | — | 70.3% | — |
| Dividends + buybacks / free cash flow | 456.5% | — | 444.0% | 87.3% | 16.4% | 20.3% | — | — | — | 82.6% |
| Capex / revenue | 0.8% | 0.1% | 1.9% | 0.1% | 0.9% | 0.3% | 1.6% | 2.1% | 1.2% | 0.2% |
| Capex / operating cash flow | 8.1% | — | 21.5% | 0.5% | 2.1% | 1.5% | — | — | — | 1.9% |
| Capex / depreciation | 6.67 | 0.11 | 1.53 | — | — | 0.37 | 0.36 | 0.34 | 0.30 | 0.05 |
| Stock-based compensation / revenue | 0.1% | 1.5% | 0.0% | 4.7% | 3.0% | 0.3% | 2.3% | 0.2% | 0.3% | 0.1% |
| R&D / revenue | — | — | — | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| SG&A / revenue | 71.6% | 76.3% | 58.8% | 43.1% | 29.6% | 27.4% | 85.7% | 90.1% | 64.5% | 53.7% |
| Efficiency | ||||||||||
| Days sales outstanding | 122.3 | 110.2 | 59.8 | 48.4 | 50.7 | 47.7 | 60.4 | 92.8 | 108.5 | 141.9 |
| Days of inventory on hand | — | — | -858.6 | -464.7 | -255.1 | -366.3 | -934.5 | -522.4 | -416.9 | -963.7 |
| Days payables outstanding | 2,211.7 | 35.1 | 42.9 | 57.0 | 42.9 | 20.0 | 32.3 | 61.9 | 52.1 | 48.9 |
| Cash conversion cycle (days) | -2,089.4 | 75.0 | -841.7 | -473.3 | -247.3 | -338.7 | -906.3 | -491.5 | -360.6 | -870.7 |
| Receivables turnover | 2.98 | 3.31 | 6.11 | 7.54 | 7.20 | 7.66 | 6.04 | 3.93 | 3.36 | 2.57 |
| Payables turnover | 0.17 | 10.39 | 8.51 | 6.40 | 8.52 | 18.24 | 11.31 | 5.90 | 7.00 | 7.47 |
| Asset turnover | 0.16 | 0.17 | 0.20 | 0.26 | 0.41 | 0.53 | 0.21 | 0.13 | 0.23 | 0.26 |
| Average receivables | $2.6M | $2.6M | $1.8M | $2.0M | $3.4M | $2.8M | $741,000 | $879,500 | $1.9M | $2.6M |
| Average payables | $509,000 | $474,500 | $564,500 | $749,500 | $711,500 | $404,000 | $251,000 | $489,000 | $610,000 | $502,500 |
| Average inventory | — | — | −$11.3M | −$6.1M | −$4.2M | −$7.4M | −$7.3M | −$4.1M | −$4.9M | −$9.9M |
| Intangibles / total assets | 0.0% | 0.0% | 0.0% | 4.0% | 2.8% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Computed from GROW's annual financial statements (latest annual report filed September 3, 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.
GROW valuation and financial ratios
At the end of fiscal 2026 (June 30, 2026), U.S. Global Investors traded at 13.0 times earnings, against a 10-year median of 16.8. Based on the latest twelve months, the trailing P/E is 11.3 and the forward P/E is 28.8. U.S. Global Investors earned a return on equity of 6.8% and a return on invested capital of 16.2% in fiscal 2026. It ended the year with $0.1 million of debt and $34.2 million in cash and short-term investments, a net cash position of $34.0 million. It returned $3.1 million to shareholders: $1.1 million in dividends and $2.0 million in share buybacks, 456% of free cash flow. The share count fell 16.6% from 15.2M to 12.7M over 9 years.
See the GROW income statement, the GROW chart for price history, or the GROW stock overview for the latest quote and news.
GROW key metrics FAQ
What is U.S. Global Investors's P/E ratio?
U.S. Global Investors's trailing P/E ratio is 11.3 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 28.8. At the end of fiscal 2026 it was 13.0, compared with a 10-year median of 16.8.
What is U.S. Global Investors's EV/EBITDA?
U.S. Global Investors's enterprise value was 1.4 times EBITDA at the end of fiscal 2026 (enterprise value $5.6 million, EBITDA $3.9 million); the current EV/EBITDA is 0.8.
What is U.S. Global Investors's return on equity?
U.S. Global Investors's return on equity (ROE) was 6.8% in fiscal 2026: net income of $3.1 million on average shareholders' equity of $45.2 million.
What is U.S. Global Investors's ROIC?
U.S. Global Investors's return on invested capital was 16.2% in fiscal 2026, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does U.S. Global Investors have?
U.S. Global Investors had total debt of $0.1 million at the end of fiscal 2026, a debt-to-equity ratio of 0.00 and more cash than debt.
What is U.S. Global Investors's dividend yield?
U.S. Global Investors's forward dividend yield is 2.75%. U.S. Global Investors paid $1.1 million in dividends in fiscal 2026 ($0.09 per share), a payout ratio of 37.3%.
Does U.S. Global Investors buy back its shares?
Yes. U.S. Global Investors spent $2.0 million on net share repurchases in fiscal 2026 Shares outstanding changed −4.9% over the year, to 12.7M..
What is U.S. Global Investors's free cash flow yield?
U.S. Global Investors generated $0.7 million of free cash flow in fiscal 2026, a free cash flow yield of 1.7% on its market value at year-end ($39.6 million).
What is U.S. Global Investors's current ratio?
U.S. Global Investors's current ratio was 971.68 at the end of fiscal 2026: current assets were 971.68 times current liabilities.