Ocean Power Technologies, Inc. (OPTT) Key Metrics
OPTT valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $5.5M
- Enterprise value
- $22.3M
- P/E (TTM)
- —
- Forward P/E
- —
- PEG ratio
- —
- Price / sales
- 1.3 10-yr median 8.8
- Price / book
- 2.3 10-yr median 0.6
- EV / EBITDA
- —
- Dividend yield
- —
- Beta
- 2.78
OPTT key metrics, FY2017–FY2026
Fiscal year ended April 30, 2026 · U.S. dollarsOPTT returns How much profit the business earns on the capital it uses.
Return on equity−140.4 pts
−233.9%
FY2026 · hover or tap a bar for each year
FY2017FY2026
Return on invested capital−95.3 pts
−179.9%
FY2026 · hover or tap a bar for each year
FY2017FY2026
Return on assets−48.9 pts
−121.2%
FY2026 · hover or tap a bar for each year
FY2017FY2026
Free cash flow margin−328.9 pts
−655.5%
FY2026 · hover or tap a bar for each year
FY2017FY2026
Asset turnover−42.6%
0.11
FY2026 · hover or tap a bar for each year
FY2017FY2026
OPTT financial health Debt, liquidity and how easily interest is covered.
Debt / equity+1,459.1%
1.05
FY2026 · hover or tap a bar for each year
FY2017FY2026
Net debt+$7.5M
$2.5M
FY2026 · hover or tap a bar for each year
FY2017FY2026
Current ratio−85.6%
0.60
FY2026 · hover or tap a bar for each year
FY2017FY2026
Interest coverage
-14.3
FY2026 · hover or tap a bar for each year
FY2017FY2026
Debt / assets+366.8%
0.27
FY2026 · hover or tap a bar for each year
FY2017FY2026
OPTT efficiency & capital use Working capital cycle and where the cash goes.
Days sales outstanding+32 days
128 days
FY2026 · hover or tap a bar for each year
FY2017FY2026
Days of inventory−272 days
121 days
FY2026 · hover or tap a bar for each year
FY2017FY2026
Days payables outstanding−97 days
74 days
FY2026 · hover or tap a bar for each year
FY2017FY2026
Cash conversion cycle−143 days
176 days
FY2026 · hover or tap a bar for each year
FY2017FY2026
Capex / revenue+89.7 pts
98.3%
FY2026 · hover or tap a bar for each year
FY2017FY2026
OPTT valuation history
Fiscal year-endToday10-year median
OPTT returns on capital
ROEROICROA
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
OPTT debt vs cash
Total debtCash & short-term investments
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
OPTT cash returned to shareholders
DividendsBuybacksFree cash flow
OPTT price vs earnings per share
Share price at year-endEPS (right axis)
OPTT key metrics
FY2017–FY2026| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | — | $51.7M | $11.4M | $28.5M | — | — | — | — | — | — |
| Enterprise value | — | $46.8M | $10.8M | −$4.4M | — | — | — | — | — | — |
| Price / sales | — | 8.8 | 2.1 | 10.4 | — | — | — | — | — | — |
| Price / book | — | 1.9 | 0.6 | 0.6 | — | — | — | — | — | — |
| EV / sales | — | 8.0 | 2.0 | -1.6 | — | — | — | — | — | — |
| Earnings yield | — | −41.6% | −241.2% | −92.5% | — | — | — | — | — | — |
| Free cash flow yield | — | −37.0% | −283.9% | −79.9% | — | — | — | — | — | — |
| Shareholder yield (dividends + buybacks) | — | — | 0.1% | 0.0% | — | — | — | — | — | — |
| Share price at fiscal year-end | $10.84 | $12.23 | $5.79 | $15.24 | $31.80 | $75.30 | $13.39 | $83.40 | $660.00 | $858.00 |
| Per share | ||||||||||
| Revenue per share | — | $1.39 | $2.81 | $1.46 | — | — | — | — | — | — |
| Earnings per share | — | −$5.08 | −$13.97 | −$14.10 | — | — | — | — | — | — |
| Operating cash flow per share | — | −$4.40 | −$15.13 | −$11.63 | — | — | — | — | — | — |
| Free cash flow per share | — | −$4.52 | −$16.44 | −$12.17 | — | — | — | — | — | — |
| Cash per share | — | $1.59 | $1.60 | $18.58 | — | — | — | — | — | — |
| Book value per share | — | $6.30 | $9.83 | $23.55 | — | — | — | — | — | — |
| Tangible book value per share | — | $3.46 | $3.65 | $16.84 | — | — | — | — | — | — |
| Capex per share | — | $0.12 | $1.31 | $0.55 | — | — | — | — | — | — |
| Debt per share | — | $0.43 | $1.31 | $0.99 | — | — | — | — | — | — |
| Shares outstanding | — | 4.2M | 2.0M | 1.9M | — | — | — | — | — | — |
| Change in shares outstanding | — | +115.0% | +5.4% | — | — | — | — | — | — | — |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | −233.9% | −93.5% | −86.8% | −46.7% | −25.3% | −32.5% | −78.8% | −94.2% | −129.5% | −211.4% |
| Return on invested capital (ROIC) | −179.9% | −84.6% | −155.1% | −196.1% | −285.8% | — | −629.8% | — | — | — |
| Return on assets (ROA) | −121.2% | −72.3% | −67.0% | −41.5% | −23.6% | −29.5% | −64.9% | −75.4% | −84.0% | −92.9% |
| Return on tangible assets | −148.7% | −114.6% | −166.1% | −64.4% | −31.1% | −17.1% | −76.5% | −66.7% | −71.9% | −94.2% |
| Free cash flow margin | −655.5% | −326.5% | −585.5% | −831.8% | — | −970.1% | −632.8% | — | — | — |
| Financial health | ||||||||||
| Total debt | $11.3M | $1.8M | $2.6M | $1.8M | $857,000 | $2.1M | $1.3M | $1.9M | $23,000 | $81,000 |
| Cash & short-term investments | $8.7M | $6.7M | $3.2M | $34.7M | $57.3M | $83.0M | $10.0M | $16.7M | $11.5M | $8.4M |
| Net debt | $2.5M | −$4.9M | −$579,000 | −$32.8M | −$56.4M | −$81.0M | −$8.7M | −$14.7M | −$11.5M | −$8.4M |
| Debt / equity | 1.05 | 0.07 | 0.13 | 0.04 | 0.01 | 0.03 | 0.12 | 0.12 | 0.00 | 0.01 |
| Debt / assets | 0.27 | 0.06 | 0.09 | 0.03 | 0.01 | 0.02 | 0.10 | 0.11 | 0.00 | 0.01 |
| Current ratio | 0.60 | 4.14 | 1.43 | 4.76 | 19.91 | 17.99 | 6.13 | 7.21 | 3.54 | 2.12 |
| Quick ratio | 0.46 | 2.86 | 0.78 | 4.63 | 19.77 | 17.91 | 5.75 | 7.07 | 3.39 | 2.04 |
| Interest coverage | -14.3 | — | — | -11.2 | -173.8 | — | -101.5 | -42.1 | — | — |
| Working capital | −$11.1M | $10.3M | $3.2M | $29.8M | $56.3M | $79.7M | $9.8M | $15.2M | $9.5M | $5.1M |
| Invested capital | $13.2M | $21.7M | $18.8M | $11.1M | $12.4M | −$503,000 | $1.8M | $1.1M | −$1.3M | −$2.9M |
| Tangible asset value | −$1.2M | $14.6M | $7.2M | $31.4M | $56.2M | $80.2M | $10.5M | $15.8M | $10.2M | $5.4M |
| Net current asset value | −$14.2M | $9.5M | $1.2M | $28.3M | $54.7M | $78.5M | $8.6M | $15.0M | $9.4M | $5.1M |
| Graham net-net per share | — | $1.51 | −$1.62 | $14.17 | — | — | — | — | — | — |
| Capital allocation | ||||||||||
| Dividends paid | — | — | — | — | — | $4.4M | — | — | $72,000 | $203,000 |
| Share buybacks (net) | — | — | $14,000 | $14,000 | $3,000 | $36,000 | $1,000 | $1,000 | $37,000 | $125,000 |
| Capex / revenue | 98.3% | 8.6% | 46.8% | 37.3% | 8.2% | 2.2% | 3.9% | 8.5% | 128.8% | 4.4% |
| Capex / depreciation | 2.03 | 0.29 | 2.23 | 1.60 | 0.28 | 0.07 | 0.18 | 0.30 | 5.39 | 0.26 |
| Stock-based compensation / revenue | 232.8% | 78.5% | 20.9% | 53.5% | 66.5% | 64.8% | 20.2% | 46.7% | 64.4% | 146.1% |
| R&D / revenue | — | — | — | — | 546.1% | 393.6% | 258.3% | 788.6% | 845.4% | 596.6% |
| SG&A / revenue | — | — | — | 1,078.0% | 676.9% | 644.4% | 411.2% | 1,205.1% | 1,367.5% | 778.5% |
| Efficiency | ||||||||||
| Days sales outstanding | 128.3 | 96.3 | 56.5 | 117.9 | 148.3 | 139.1 | 47.3 | 193.5 | 334.3 | 623.8 |
| Days of inventory on hand | 121.1 | 393.3 | 397.3 | 108.7 | 81.0 | 87.4 | 107.3 | 128.3 | 216.7 | 123.3 |
| Days payables outstanding | 73.7 | 170.9 | 292.0 | 135.8 | 156.2 | 72.6 | 54.3 | 84.3 | 209.5 | 186.5 |
| Cash conversion cycle (days) | 175.7 | 318.7 | 161.8 | 90.8 | 73.1 | 153.8 | 100.3 | 237.5 | 341.5 | 560.5 |
| Receivables turnover | 2.84 | 3.79 | 6.46 | 3.10 | 2.46 | 2.62 | 7.72 | 1.89 | 1.09 | 0.59 |
| Payables turnover | 4.95 | 2.14 | 1.25 | 2.69 | 2.34 | 5.03 | 6.72 | 4.33 | 1.74 | 1.96 |
| Inventory turnover | 3.01 | 0.93 | 0.92 | 3.36 | 4.50 | 4.18 | 3.40 | 2.84 | 1.68 | 2.96 |
| Asset turnover | 0.11 | 0.20 | 0.13 | 0.04 | 0.02 | 0.02 | 0.11 | 0.04 | 0.04 | 0.08 |
| Average receivables | $1.4M | $1.5M | $855,500 | $882,500 | $714,500 | $459,500 | $218,000 | $335,000 | $468,000 | $1.4M |
| Average payables | $2.5M | $2.0M | $2.2M | $928,500 | $796,000 | $453,500 | $266,000 | $301,000 | $438,000 | $479,350 |
| Average inventory | $4.1M | $4.5M | $2.9M | $743,000 | $413,000 | $545,500 | $525,500 | $458,000 | $453,000 | $316,772 |
| Intangibles / total assets | 28.8% | 39.1% | 42.4% | 23.4% | 17.3% | 0.3% | 0.0% | 0.0% | 0.0% | 0.0% |
Computed from OPTT's annual financial statements (latest annual report filed August 19, 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.
OPTT valuation and financial ratios
Ocean Power Technologies earned a return on equity of −233.9% and a return on invested capital of −179.9% in fiscal 2026. It ended the year with $11.3 million of debt and $8.7 million in cash and short-term investments, net debt of $2.5 million.
See the OPTT income statement, the OPTT chart for price history, or the OPTT stock overview for the latest quote and news.
OPTT key metrics FAQ
What is Ocean Power Technologies's return on equity?
Ocean Power Technologies's return on equity (ROE) was −233.9% in fiscal 2026: net income of -$43.7 million on average shareholders' equity of $18.7 million.
What is Ocean Power Technologies's ROIC?
Ocean Power Technologies's return on invested capital was −179.9% in fiscal 2026, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Ocean Power Technologies have?
Ocean Power Technologies had total debt of $11.3 million at the end of fiscal 2026, a debt-to-equity ratio of 1.05.
What is Ocean Power Technologies's current ratio?
Ocean Power Technologies's current ratio was 0.60 at the end of fiscal 2026: current assets were 0.60 times current liabilities.