Nortech Systems Incorporated (NSYS) Key Metrics
NSYS valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $29.5M
- Enterprise value
- $49.1M
- P/E (TTM)
- 28.7 10-yr median 17.6
- Forward P/E
- —
- PEG ratio
- —
- Price / sales
- 0.2 10-yr median 0.2
- Price / book
- 0.9 10-yr median 0.7
- EV / EBITDA
- 13.1 10-yr median 11.2
- Dividend yield
- —
- Beta
- −0.12
NSYS key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsNSYS valuation Price multiples at each fiscal year-end price.
Price / sales−21.3%
0.2
2025 · hover or tap a bar for each year
20162025
Price / book−28.5%
0.6
2025 · hover or tap a bar for each year
20162025
EV / EBITDA−48.0%
15.3
2025 · hover or tap a bar for each year
20162025
Price / free cash flow
9.9
2025 · hover or tap a bar for each year
20162025
Free cash flow yield+22.5 pts
10.1%
2025 · hover or tap a bar for each year
20162025
NSYS returns How much profit the business earns on the capital it uses.
Return on equity+3.0 pts
−0.7%
2025 · hover or tap a bar for each year
20162025
Return on invested capital+1.6 pts
1.2%
2025 · hover or tap a bar for each year
20162025
Return on assets+1.4 pts
−0.3%
2025 · hover or tap a bar for each year
20162025
Free cash flow margin+4.5 pts
1.8%
2025 · hover or tap a bar for each year
20162025
Asset turnover−5.6%
1.64
2025 · hover or tap a bar for each year
20162025
NSYS per-share figures Results divided by the shares outstanding at year-end.
Revenue per share−8.2%
$42.63
2025 · hover or tap a bar for each year
20162025
Earnings per share
−$0.09
2025 · hover or tap a bar for each year
20162025
Free cash flow per share
$0.75
2025 · hover or tap a bar for each year
20162025
Book value per share+0.9%
$12.44
2025 · hover or tap a bar for each year
20162025
Shares outstanding+0.7%
2.8M
2025 · hover or tap a bar for each year
20162025
NSYS financial health Debt, liquidity and how easily interest is covered.
Debt / equity−14.3%
0.45
2025 · hover or tap a bar for each year
20162025
Net debt−$3.1M
$14.1M
2025 · hover or tap a bar for each year
20162025
Net debt / EBITDA−4.89
6.21
2025 · hover or tap a bar for each year
20162025
Current ratio−27.1%
1.88
2025 · hover or tap a bar for each year
20162025
Interest coverage
1.3
2025 · hover or tap a bar for each year
20162025
Debt / assets−12.3%
0.22
2025 · hover or tap a bar for each year
20162025
NSYS efficiency & capital use Working capital cycle and where the cash goes.
Days sales outstanding+5 days
94 days
2025 · hover or tap a bar for each year
20162025
Days of inventory+6 days
77 days
2025 · hover or tap a bar for each year
20162025
Days payables outstanding−1 days
44 days
2025 · hover or tap a bar for each year
20162025
Cash conversion cycle+12 days
126 days
2025 · hover or tap a bar for each year
20162025
Capex / revenue−0.4 pts
0.6%
2025 · hover or tap a bar for each year
20162025
Dividends + buybacks / FCF
0.0%
2025 · hover or tap a bar for each year
20162025
NSYS valuation history
Fiscal year-endToday10-year median
NSYS returns on capital
ROEROICROA
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
NSYS debt vs cash
Total debtCash & short-term investments
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
NSYS cash returned to shareholders
DividendsBuybacksFree cash flow
NSYS price vs earnings per share
Share price at year-endEPS (right axis)
NSYS key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $20.6M | $28.4M | $27.2M | $35.4M | $29.2M | $19.1M | $13.0M | $9.6M | $10.6M | $10.7M |
| Enterprise value | $34.7M | $45.5M | $40.4M | $50.9M | $48.8M | $40.5M | $33.6M | $24.1M | $25.5M | $24.2M |
| P/E ratio | — | — | 4.0 | 17.6 | 4.1 | — | — | 57.7 | — | 244.3 |
| Price / sales | 0.2 | 0.2 | 0.2 | 0.3 | 0.3 | 0.2 | 0.1 | 0.1 | 0.1 | 0.1 |
| Price / book | 0.6 | 0.8 | 0.8 | 1.3 | 1.1 | 1.0 | 0.6 | 0.5 | 0.5 | 0.5 |
| Price / free cash flow | 9.9 | — | 56.1 | 12.0 | — | 22.6 | 54.3 | 9.2 | — | 6.8 |
| Price / operating cash flow | 7.5 | — | 15.4 | 6.6 | — | 14.0 | 13.0 | 3.9 | 13.1 | 3.0 |
| EV / sales | 0.3 | 0.4 | 0.3 | 0.4 | 0.4 | 0.4 | 0.3 | 0.2 | 0.2 | 0.2 |
| EV / EBITDA | 15.3 | 29.5 | 5.0 | 8.8 | 4.7 | 309.1 | 13.7 | 7.0 | 20.7 | 8.3 |
| EV / free cash flow | 16.7 | — | 83.3 | 17.2 | — | 48.0 | 140.5 | 23.1 | — | 15.3 |
| Earnings yield | −1.2% | −4.6% | 25.3% | 5.7% | 24.5% | −8.1% | −9.5% | 1.7% | −23.1% | 0.4% |
| Free cash flow yield | 10.1% | −12.4% | 1.8% | 8.4% | −20.0% | 4.4% | 1.8% | 10.9% | −1.1% | 14.8% |
| Dividend yield | — | — | — | — | — | — | 0.1% | — | 0.0% | 0.0% |
| Shareholder yield (dividends + buybacks) | 0.0% | 0.4% | 0.0% | — | — | 0.0% | 1.1% | 2.9% | 0.3% | 0.0% |
| Share price at fiscal year-end | $7.43 | $10.29 | $9.42 | $12.25 | $10.35 | $7.17 | $4.87 | $3.55 | $3.86 | $3.89 |
| Per share | ||||||||||
| Revenue per share | $42.63 | $46.45 | $48.28 | $46.39 | $40.82 | $39.17 | $43.65 | $41.99 | $40.91 | $42.41 |
| Earnings per share | −$0.09 | −$0.47 | $2.38 | $0.70 | $2.54 | −$0.58 | −$0.46 | $0.06 | −$0.89 | $0.02 |
| Operating cash flow per share | $0.99 | −$0.82 | $0.61 | $1.87 | −$1.61 | $0.51 | $0.37 | $0.91 | $0.29 | $1.29 |
| Free cash flow per share | $0.75 | −$1.28 | $0.17 | $1.02 | −$2.07 | $0.32 | $0.09 | $0.39 | −$0.04 | $0.57 |
| Cash per share | $0.60 | $0.33 | $0.33 | $0.36 | $0.23 | $0.13 | $0.13 | $0.18 | $0.17 | $0.10 |
| Book value per share | $12.44 | $12.33 | $12.25 | $9.71 | $9.25 | $7.04 | $7.50 | $7.81 | $7.22 | $8.12 |
| Tangible book value per share | $12.39 | $12.26 | $12.16 | $9.57 | $9.08 | $6.60 | $6.10 | $6.37 | $5.72 | $6.24 |
| Dividends per share | — | — | — | — | — | — | $0.00 | — | $0.00 | $0.00 |
| Capex per share | $0.24 | $0.46 | $0.44 | $0.84 | $0.46 | $0.20 | $0.28 | $0.52 | $0.34 | $0.71 |
| Debt per share | $5.66 | $6.54 | $4.91 | $5.71 | $7.16 | $8.20 | $7.86 | $5.54 | $5.60 | $5.01 |
| Shares outstanding | 2.8M | 2.8M | 2.9M | 2.9M | 2.8M | 2.7M | 2.7M | 2.7M | 2.7M | 2.7M |
| Change in shares outstanding | +0.7% | −4.4% | −0.2% | +2.5% | +6.2% | −0.3% | −1.3% | −1.7% | −0.1% | +0.1% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | −0.7% | −3.7% | 21.7% | 7.4% | 31.9% | −8.0% | −6.0% | 0.8% | −11.6% | 0.2% |
| Return on invested capital (ROIC) | 1.2% | −0.3% | 12.9% | 5.0% | 4.7% | −4.0% | 0.5% | 1.8% | −2.8% | 1.0% |
| Return on assets (ROA) | −0.3% | −1.8% | 9.5% | 2.9% | 11.5% | −2.6% | −2.0% | 0.3% | −4.5% | 0.1% |
| Return on tangible assets | −0.4% | −1.8% | 9.2% | 2.9% | 10.7% | −2.7% | −2.1% | 0.3% | −5.1% | 0.1% |
| Free cash flow margin | 1.8% | −2.7% | 0.3% | 2.2% | −5.1% | 0.8% | 0.2% | 0.9% | −0.1% | 1.4% |
| Income quality (OCF / net income) | — | — | 0.26 | 2.69 | −0.63 | — | — | 14.72 | — | 80.74 |
| Financial health | ||||||||||
| Total debt | $15.7M | $18.0M | $14.2M | $16.5M | $20.2M | $21.8M | $20.9M | $15.0M | $15.4M | $13.8M |
| Cash & short-term investments | $1.7M | $916,000 | $960,000 | $1.0M | $643,000 | $352,000 | $351,000 | $480,000 | $472,886 | $268,204 |
| Net debt | $14.1M | $17.1M | $13.2M | $15.5M | $19.6M | $21.4M | $20.6M | $14.5M | $14.9M | $13.5M |
| Debt / equity | 0.45 | 0.53 | 0.40 | 0.59 | 0.77 | 1.16 | 1.05 | 0.71 | 0.78 | 0.62 |
| Debt / assets | 0.22 | 0.25 | 0.19 | 0.24 | 0.30 | 0.38 | 0.34 | 0.25 | 0.30 | 0.25 |
| Net debt / EBITDA | 6.21 | 11.10 | 1.65 | 2.67 | 1.88 | 163.62 | 8.42 | 4.21 | 12.10 | 4.62 |
| Current ratio | 1.88 | 2.58 | 2.21 | 2.08 | 2.32 | 2.10 | 1.95 | 1.84 | 2.09 | 1.94 |
| Quick ratio | 1.19 | 1.57 | 1.40 | 1.23 | 1.45 | 1.39 | 1.30 | 1.16 | 1.07 | 0.93 |
| Interest coverage | 1.3 | -0.3 | 12.2 | 9.5 | 5.3 | -3.3 | 0.2 | 1.6 | -2.0 | 1.1 |
| Working capital | $26.3M | $33.9M | $32.2M | $28.5M | $29.5M | $21.5M | $21.1M | $21.0M | $19.7M | $19.2M |
| Invested capital | $48.6M | $51.1M | $48.6M | $43.6M | $45.7M | $40.2M | $40.6M | $35.6M | $34.7M | $35.8M |
| Tangible asset value | $34.4M | $33.8M | $35.1M | $27.7M | $25.6M | $17.5M | $16.3M | $17.2M | $15.7M | $17.2M |
| Net current asset value | $18.8M | $16.9M | $19.0M | $13.4M | $10.8M | $2.1M | $1.9M | $7.0M | $5.5M | $6.3M |
| Graham number | — | — | $25.62 | $12.33 | $22.98 | — | — | $3.29 | — | $1.71 |
| Graham net-net per share | −$0.44 | −$1.88 | −$0.93 | −$2.68 | −$3.29 | −$5.82 | −$5.36 | −$3.70 | −$3.45 | −$3.44 |
| Capital allocation | ||||||||||
| Dividends paid | — | — | — | — | — | — | $7,000 | — | $0 | $0 |
| Share buybacks (net) | $0 | $100,000 | $0 | — | — | $0 | $130,000 | $276,000 | $30,000 | $0 |
| Dividend payout ratio | — | — | — | — | — | — | — | — | — | 0.0% |
| Dividends + buybacks / free cash flow | 0.0% | — | 0.0% | — | — | 0.0% | 57.3% | 26.5% | — | 0.0% |
| Capex / revenue | 0.6% | 1.0% | 0.9% | 1.8% | 1.1% | 0.5% | 0.7% | 1.2% | 0.8% | 1.7% |
| Capex / operating cash flow | 24.1% | — | 72.6% | 45.2% | — | 38.1% | 76.0% | 57.4% | 115.0% | 55.4% |
| Capex / depreciation | 0.51 | 0.73 | 0.63 | 1.27 | 0.66 | 0.24 | 0.34 | 0.64 | 0.37 | 0.85 |
| Stock-based compensation / revenue | 0.4% | 0.4% | 0.3% | 0.2% | 0.2% | 0.1% | 0.2% | 0.1% | 0.0% | 0.0% |
| R&D / revenue | 1.0% | 0.9% | 0.9% | 1.1% | 0.4% | — | — | — | — | — |
| SG&A / revenue | 13.2% | 11.8% | 11.4% | 11.3% | 10.7% | 10.1% | 10.6% | 10.6% | 11.4% | 11.3% |
| Efficiency | ||||||||||
| Days sales outstanding | 93.8 | 88.9 | 81.7 | 77.6 | 79.2 | 83.7 | 82.7 | 70.7 | 56.8 | 56.3 |
| Days of inventory on hand | 77.0 | 70.9 | 69.2 | 67.2 | 61.3 | 53.8 | 55.0 | 64.8 | 71.3 | 72.5 |
| Days payables outstanding | 44.4 | 45.1 | 48.2 | 44.2 | 44.0 | 48.2 | 56.6 | 54.4 | 46.5 | 47.7 |
| Cash conversion cycle (days) | 126.4 | 114.8 | 102.7 | 100.7 | 96.5 | 89.3 | 81.2 | 81.1 | 81.6 | 81.1 |
| Receivables turnover | 3.89 | 4.11 | 4.47 | 4.70 | 4.61 | 4.36 | 4.41 | 5.16 | 6.43 | 6.49 |
| Payables turnover | 8.23 | 8.10 | 7.57 | 8.26 | 8.29 | 7.58 | 6.45 | 6.71 | 7.85 | 7.65 |
| Inventory turnover | 4.74 | 5.15 | 5.27 | 5.43 | 5.96 | 6.78 | 6.63 | 5.63 | 5.12 | 5.03 |
| Asset turnover | 1.64 | 1.74 | 1.93 | 1.96 | 1.85 | 1.75 | 1.92 | 2.02 | 2.09 | 2.08 |
| Average receivables | $30.4M | $31.2M | $31.2M | $28.5M | $25.0M | $23.9M | $26.4M | $22.0M | $17.5M | $18.0M |
| Average payables | $12.2M | $13.8M | $15.4M | $13.8M | $12.0M | $12.6M | $16.1M | $14.9M | $12.8M | $13.4M |
| Average inventory | $21.2M | $21.6M | $22.0M | $20.9M | $16.7M | $14.1M | $15.6M | $17.8M | $19.6M | $20.4M |
| Intangibles / total assets | 0.2% | 0.2% | 0.4% | 0.6% | 0.7% | 2.0% | 6.1% | 6.5% | 7.9% | 9.3% |
Computed from NSYS's annual financial statements (latest annual report filed March 26, 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.
NSYS valuation and financial ratios
Based on the latest twelve months, the trailing P/E is 28.7. Nortech Systems earned a return on equity of −0.7% and a return on invested capital of 1.2% in fiscal 2025. It ended the year with $15.7 million of debt and $1.7 million in cash and short-term investments, net debt of $14.1 million.
See the NSYS income statement, the NSYS chart for price history, or the NSYS stock overview for the latest quote and news.
NSYS key metrics FAQ
What is Nortech Systems's P/E ratio?
Nortech Systems's trailing P/E ratio is 28.7 based on the last twelve months of earnings (as of October 18, 2026). At the end of fiscal 2025 it was —, compared with a 10-year median of 17.6.
What is Nortech Systems's EV/EBITDA?
Nortech Systems's enterprise value was 15.3 times EBITDA at the end of fiscal 2025 (enterprise value $34.7 million, EBITDA $2.3 million); the current EV/EBITDA is 13.1.
What is Nortech Systems's return on equity?
Nortech Systems's return on equity (ROE) was −0.7% in fiscal 2025: net income of -$0.3 million on average shareholders' equity of $34.3 million.
What is Nortech Systems's ROIC?
Nortech Systems's return on invested capital was 1.2% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Nortech Systems have?
Nortech Systems had total debt of $15.7 million at the end of fiscal 2025, a debt-to-equity ratio of 0.45 and $14.1 million of net debt (6.21 times EBITDA).
What is Nortech Systems's free cash flow yield?
Nortech Systems generated $2.1 million of free cash flow in fiscal 2025, a free cash flow yield of 10.1% on its market value at year-end ($20.6 million).
What is Nortech Systems's current ratio?
Nortech Systems's current ratio was 1.88 at the end of fiscal 2025: current assets were 1.88 times current liabilities.