P3 Health Partners Inc. (PIII) Key Metrics
PIII valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $843.7M
- Enterprise value
- $302.0M
- P/E (TTM)
- —
- Forward P/E
- —
- PEG ratio
- —
- Price / sales
- 0.6 10-yr median 0.0
- Price / book
- 0.6 10-yr median 0.9
- EV / EBITDA
- —
- Dividend yield
- —
- Beta
- 1.69
PIII key metrics, 2018–2025
Fiscal year ended December 31, 2025 · U.S. dollarsPIII valuation Price multiples at each fiscal year-end price.
Price / sales−64.5%
0.0
2025 · hover or tap a bar for each year
20182025
Free cash flow yield−466.6 pts
−799.7%
2025 · hover or tap a bar for each year
20182025
PIII returns How much profit the business earns on the capital it uses.
Return on invested capital−24.8 pts
−138.7%
2025 · hover or tap a bar for each year
20182025
Return on assets−4.0 pts
−20.5%
2025 · hover or tap a bar for each year
20182025
Free cash flow margin+1.1 pts
−6.3%
2025 · hover or tap a bar for each year
20182025
Asset turnover+11.0%
2.03
2025 · hover or tap a bar for each year
20182025
PIII per-share figures Results divided by the shares outstanding at year-end.
Revenue per share−12.5%
$446.34
2025 · hover or tap a bar for each year
20182025
Earnings per share
−$45.26
2025 · hover or tap a bar for each year
20182025
Free cash flow per share
−$27.91
2025 · hover or tap a bar for each year
20182025
Book value per share
−$47.49
2025 · hover or tap a bar for each year
20182025
Shares outstanding+11.2%
3.3M
2025 · hover or tap a bar for each year
20182025
PIII financial health Debt, liquidity and how easily interest is covered.
Net debt+$132.5M
$259.9M
2025 · hover or tap a bar for each year
20182025
Current ratio−34.2%
0.24
2025 · hover or tap a bar for each year
20182025
Interest coverage
-4.9
2025 · hover or tap a bar for each year
20182025
Debt / assets+104.6%
0.43
2025 · hover or tap a bar for each year
20182025
PIII efficiency & capital use Working capital cycle and where the cash goes.
Days sales outstanding−3 days
27 days
2025 · hover or tap a bar for each year
20182025
Days payables outstanding+8 days
17 days
2025 · hover or tap a bar for each year
20182025
Cash conversion cycle−11 days
11 days
2025 · hover or tap a bar for each year
20182025
Capex / revenue0.0 pts
0.0%
2025 · hover or tap a bar for each year
20182025
PIII valuation history
Fiscal year-endToday7-year median
PIII returns on capital
ROEROICROA
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
PIII debt vs cash
Total debtCash & short-term investments
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
PIII cash returned to shareholders
DividendsBuybacksFree cash flow
PIII price vs earnings per share
Share price at year-endEPS (right axis)
PIII key metrics
2018–2025| 2025 | 2024 | 2023 | 2022 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
| Valuation | |||||||
| Market capitalization | $11.4M | $33.1M | $133.8M | $76.5M | — | — | — |
| Enterprise value | $271.3M | $160.4M | $222.1M | $165.6M | — | — | — |
| Price / sales | 0.0 | 0.0 | 0.1 | 0.1 | — | — | — |
| Price / book | — | 0.4 | 0.9 | 13.1 | — | — | — |
| EV / sales | 0.2 | 0.1 | 0.2 | 0.2 | — | — | — |
| Earnings yield | −1,296.8% | −410.9% | −43.2% | −353.1% | — | — | — |
| Free cash flow yield | −799.7% | −333.1% | −58.2% | −167.6% | — | — | — |
| Shareholder yield (dividends + buybacks) | — | — | 0.0% | — | — | — | — |
| Share price at fiscal year-end | $3.49 | $11.24 | $70.50 | $92.00 | — | — | — |
| Per share | |||||||
| Revenue per share | $446.34 | $510.37 | $667.29 | $1,262.02 | $621.11 | — | — |
| Earnings per share | −$45.26 | −$46.21 | −$30.44 | −$324.84 | −$39.73 | — | — |
| Operating cash flow per share | −$27.91 | −$37.46 | −$40.06 | −$151.54 | −$31.11 | — | — |
| Free cash flow per share | −$27.91 | −$37.46 | −$41.02 | −$154.23 | −$34.81 | — | — |
| Cash per share | $7.65 | $13.20 | $19.14 | $22.20 | $45.86 | — | — |
| Book value per share | −$47.49 | $25.83 | $74.89 | $7.04 | −$164.70 | — | — |
| Tangible book value per share | −$198.12 | −$169.53 | −$276.43 | −$2,471.13 | −$165.80 | — | — |
| Dividends per share | — | — | — | — | $0.23 | — | — |
| Capex per share | $0.02 | $0.00 | $0.96 | $2.69 | $3.70 | — | — |
| Debt per share | $87.15 | $56.52 | $65.68 | $129.32 | $64.87 | — | — |
| Shares outstanding | 3.3M | 2.9M | 1.9M | 832K | 791K | — | — |
| Change in shares outstanding | +11.2% | +54.9% | +128.2% | +5.2% | — | — | — |
| Returns & profitability | |||||||
| Return on equity (ROE) | — | −124.6% | −78.1% | — | — | — | — |
| Return on invested capital (ROIC) | −138.7% | −113.9% | −81.5% | — | — | — | — |
| Return on assets (ROA) | −20.5% | −16.5% | −6.6% | −54.9% | −36.5% | −64.0% | — |
| Return on tangible assets | −90.1% | −65.0% | −29.7% | — | −29.8% | −64.7% | — |
| Free cash flow margin | −6.3% | −7.3% | −6.1% | −12.2% | −5.6% | −20.4% | −37.1% |
| Financial health | |||||||
| Total debt | $284.9M | $166.2M | $124.6M | $107.5M | $51.3M | $22.7M | — |
| Cash & short-term investments | $25.0M | $38.8M | $36.3M | $18.5M | $36.3M | $32.6M | — |
| Net debt | $259.9M | $127.3M | $88.3M | $89.1M | $15.0M | −$9.9M | — |
| Debt / equity | — | 2.19 | 0.88 | 18.37 | — | — | — |
| Debt / assets | 0.43 | 0.21 | 0.14 | 0.12 | 0.48 | 0.35 | — |
| Current ratio | 0.24 | 0.37 | 0.55 | 0.42 | 1.00 | 0.96 | — |
| Quick ratio | 0.24 | 0.37 | 0.57 | 238.59 | 0.96 | 0.96 | — |
| Interest coverage | -4.9 | -14.1 | -10.5 | -136.9 | -11.3 | -15.6 | — |
| Working capital | −$412.2M | −$312.3M | −$133.4M | −$141.0M | $264,520 | −$2.2M | — |
| Invested capital | $104.6M | $203.3M | $230.5M | $94.9M | −$115.2M | −$52.0M | — |
| Tangible asset value | −$632.7M | −$424.8M | −$233.1M | −$1.54B | −$131.1M | −$56.7M | — |
| Net current asset value | −$663.8M | −$449.8M | −$261.3M | −$253.4M | −$145.8M | −$69.2M | — |
| Graham net-net per share | −$214.90 | −$170.47 | −$158.97 | −$34,940.05 | −$207.86 | — | — |
| Capital allocation | |||||||
| Dividends paid | — | — | — | — | $180,000 | — | — |
| Share buybacks (net) | — | — | $16,000 | — | $180,000 | — | — |
| Capex / revenue | 0.0% | 0.0% | 0.1% | 0.2% | 0.6% | 1.0% | 3.8% |
| Capex / depreciation | 0.00 | 0.00 | 0.02 | 0.03 | 3.68 | 3.64 | 9.67 |
| Stock-based compensation / revenue | 0.4% | 0.4% | 0.5% | 1.8% | 0.1% | 0.3% | 0.5% |
| SG&A / revenue | 7.3% | 7.6% | 9.9% | 15.5% | 11.2% | 25.6% | 34.7% |
| Efficiency | |||||||
| Days sales outstanding | 27.2 | 30.0 | 29.0 | 21.8 | 23.6 | 45.1 | — |
| Days of inventory on hand | — | — | -8,508.0 | -15,722.8 | 1.4 | 0.0 | — |
| Days payables outstanding | 16.6 | 8.5 | 27.3 | 50.8 | 4.4 | 5.4 | — |
| Cash conversion cycle (days) | 10.7 | 21.5 | -8,506.4 | -15,751.8 | 20.6 | 39.7 | — |
| Receivables turnover | 13.41 | 12.17 | 12.60 | 16.76 | 15.44 | 8.10 | — |
| Payables turnover | 22.03 | 42.92 | 13.35 | 7.18 | 83.04 | 68.14 | — |
| Inventory turnover | — | — | — | — | 266.51 | 141,029,737.00 | — |
| Asset turnover | 2.03 | 1.82 | 1.46 | 2.13 | 5.71 | 2.22 | — |
| Average receivables | $108.8M | $123.3M | $100.5M | $62.6M | $31.8M | $18.0M | — |
| Average payables | $72.8M | $36.3M | $92.5M | $93.0M | $5.8M | $2.1M | — |
| Average inventory | — | — | −$28.78B | −$28.78B | $1.8M | $1 | — |
| Intangibles / total assets | 75.0% | 73.3% | 77.4% | 235.1% | 0.8% | 1.1% | — |
Computed from PIII'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.
PIII valuation and financial ratios
P3 Health Partners earned a return on invested capital of −138.7% in fiscal 2025. It ended the year with $284.9 million of debt and $25.0 million in cash and short-term investments, net debt of $259.9 million.
See the PIII income statement, the PIII chart for price history, or the PIII stock overview for the latest quote and news.
PIII key metrics FAQ
What is P3 Health Partners's ROIC?
P3 Health Partners's return on invested capital was −138.7% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does P3 Health Partners have?
P3 Health Partners had total debt of $284.9 million at the end of fiscal 2025.
What is P3 Health Partners's free cash flow yield?
P3 Health Partners generated -$91.2 million of free cash flow in fiscal 2025, a free cash flow yield of −799.7% on its market value at year-end ($11.4 million).
What is P3 Health Partners's current ratio?
P3 Health Partners's current ratio was 0.24 at the end of fiscal 2025: current assets were 0.24 times current liabilities.