Public Policy Holding Company, Inc. (PPHC) Key Metrics
PPHC valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $309.7M
- Enterprise value
- $345.1M
- P/E (TTM)
- —
- Forward P/E
- 9.8
- PEG ratio
- 0.65
- Price / sales
- 1.5
- Price / book
- 3.2
- EV / EBITDA
- —
- Dividend yield
- 3.51% $0.36 a year
- Beta
- −0.01
PPHC key metrics, 2020–2025
Fiscal year ended December 31, 2025 · U.S. dollarsPPHC returns How much profit the business earns on the capital it uses.
PPHC per-share figures Results divided by the shares outstanding at year-end.
PPHC financial health Debt, liquidity and how easily interest is covered.
PPHC efficiency & capital use Working capital cycle and where the cash goes.
PPHC returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
PPHC debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
PPHC cash returned to shareholders
PPHC key metrics
2020–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Per share | ||||||
| Revenue per share | $6.45 | $1.31 | $1.27 | $0.99 | $0.90 | $0.76 |
| Earnings per share | −$1.35 | −$0.21 | −$0.13 | −$0.14 | −$0.22 | −$0.01 |
| Operating cash flow per share | $0.86 | $0.14 | $0.10 | $0.19 | $0.04 | $0.06 |
| Free cash flow per share | $0.86 | $0.14 | $0.09 | $0.19 | $0.04 | $0.06 |
| Cash per share | $0.71 | $0.13 | $0.13 | $0.20 | $0.17 | $0.06 |
| Book value per share | $2.59 | $0.73 | $0.76 | $0.70 | $0.58 | $0.54 |
| Tangible book value per share | −$0.66 | −$0.14 | $0.07 | $0.09 | $0.05 | −$0.01 |
| Dividends per share | $0.30 | $0.15 | $0.15 | $0.05 | $0.00 | — |
| Capex per share | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Debt per share | $2.37 | $0.48 | $0.33 | $0.18 | $0.31 | $0.33 |
| Shares outstanding | 28.9M | 111.8M | 108.6M | 108.1M | 108.2M | 108.2M |
| Change in shares outstanding | −74.1% | +3.0% | +0.4% | −0.1% | 0.0% | — |
| Returns & profitability | ||||||
| Return on equity (ROE) | −50.0% | −28.7% | −18.5% | −21.3% | −39.3% | −2.1% |
| Return on invested capital (ROIC) | −12.2% | −3.2% | −2.4% | −4.8% | −22.1% | −1.1% |
| Return on assets (ROA) | −20.7% | −14.6% | −10.8% | −12.9% | −24.1% | −1.4% |
| Return on tangible assets | −36.0% | −30.1% | −20.0% | −26.5% | −48.4% | −4.0% |
| Free cash flow margin | 13.3% | 10.9% | 7.4% | 19.0% | 4.6% | 7.5% |
| Financial health | ||||||
| Total debt | $68.5M | $53.7M | $35.8M | $18.9M | $34.1M | $35.3M |
| Cash & short-term investments | $20.4M | $14.5M | $14.3M | $21.2M | $18.0M | $6.1M |
| Net debt | $48.1M | $39.1M | $21.4M | −$2.3M | $16.1M | $29.2M |
| Debt / equity | 0.91 | 0.66 | 0.44 | 0.25 | 0.54 | 0.60 |
| Debt / assets | 0.34 | 0.31 | 0.24 | 0.16 | 0.32 | 0.39 |
| Net debt / EBITDA | — | — | 10.79 | — | — | 8.23 |
| Current ratio | 1.11 | 1.21 | 1.22 | 1.25 | 1.29 | 0.89 |
| Quick ratio | 1.11 | 1.21 | 1.22 | 1.25 | 1.29 | 0.89 |
| Interest coverage | -5.5 | -2.4 | -2.7 | -281.7 | -460.2 | -25.0 |
| Working capital | $5.7M | $7.8M | $6.6M | $7.1M | $6.1M | −$1.6M |
| Invested capital | $123.0M | $120.4M | $103.5M | $73.7M | $78.7M | $87.9M |
| Tangible asset value | −$19.2M | −$15.2M | $7.3M | $9.5M | $5.0M | −$983,175 |
| Net current asset value | −$69.1M | −$47.5M | −$28.7M | −$10.9M | −$17.3M | −$18.7M |
| Graham net-net per share | −$3.11 | −$0.57 | −$0.37 | −$0.15 | −$0.18 | −$0.19 |
| Capital allocation | ||||||
| Dividends paid | $8.7M | $16.5M | $16.2M | $5.6M | $444,235 | — |
| Dividends + buybacks / free cash flow | 35.0% | 103.0% | 158.4% | 27.4% | 9.8% | — |
| Capex / revenue | 0.0% | 0.0% | 0.2% | 0.0% | 0.0% | 0.0% |
| Capex / operating cash flow | 0.0% | 0.3% | 2.3% | 0.0% | 0.8% | 0.4% |
| Capex / depreciation | 0.00 | 0.01 | 0.03 | 0.00 | 0.01 | 0.01 |
| Stock-based compensation / revenue | 26.1% | 29.9% | 27.6% | 31.7% | 28.3% | — |
| SG&A / revenue | 17.0% | 10.7% | 7.9% | 9.0% | 8.4% | — |
| Efficiency | ||||||
| Days sales outstanding | 41.3 | 43.4 | 35.7 | 34.2 | 28.6 | 30.2 |
| Days payables outstanding | 12.0 | 191.1 | 128.0 | 330.8 | 537.0 | 462.6 |
| Cash conversion cycle (days) | 29.4 | -147.7 | -92.3 | -296.6 | -508.4 | -432.4 |
| Receivables turnover | 8.83 | 8.40 | 10.22 | 10.66 | 12.77 | 12.09 |
| Payables turnover | 30.52 | 1.91 | 2.85 | 1.10 | 0.68 | 0.79 |
| Asset turnover | 0.99 | 0.91 | 1.03 | 0.93 | 0.99 | 0.91 |
| Average receivables | $21.1M | $17.4M | $13.5M | $10.0M | $7.6M | $6.8M |
| Average payables | $5.5M | $4.6M | $2.8M | $4.8M | $7.2M | $6.0M |
| Intangibles / total assets | 46.5% | 55.3% | 50.6% | 54.5% | 53.9% | 65.8% |
Computed from PPHC's annual financial statements (latest annual report filed December 31, 2025) 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.
PPHC valuation and financial ratios
Public Policy earned a return on equity of −50.0% and a return on invested capital of −12.2% in fiscal 2025. It ended the year with $68.5 million of debt and $20.4 million in cash and short-term investments, net debt of $48.1 million. It returned $8.7 million to shareholders: $8.7 million in dividends and $0 in share buybacks, 35% of free cash flow. The share count fell 73.3% from 108.2M to 28.9M over 5 years.
See the PPHC income statement, the PPHC chart for price history, or the PPHC stock overview for the latest quote and news.
PPHC key metrics FAQ
What is Public Policy's return on equity?
Public Policy's return on equity (ROE) was −50.0% in fiscal 2025: net income of -$39.0 million on average shareholders' equity of $78.1 million.
What is Public Policy's ROIC?
Public Policy's return on invested capital was −12.2% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Public Policy have?
Public Policy had total debt of $68.5 million at the end of fiscal 2025, a debt-to-equity ratio of 0.91.
What is Public Policy's current ratio?
Public Policy's current ratio was 1.11 at the end of fiscal 2025: current assets were 1.11 times current liabilities.