XMax Inc. (XMAX) Key Metrics
XMAX valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $525.5M
- Enterprise value
- $533.6M
- P/E (TTM)
- 15.6
- Forward P/E
- —
- PEG ratio
- —
- Price / sales
- 32.7
- Price / book
- 5.3
- EV / EBITDA
- —
- Dividend yield
- —
- Beta
- 1.23
XMAX key metrics, 2022–2025
Fiscal year ended December 31, 2025 · U.S. dollarsXMAX returns How much profit the business earns on the capital it uses.
XMAX financial health Debt, liquidity and how easily interest is covered.
XMAX efficiency & capital use Working capital cycle and where the cash goes.
XMAX valuation history
XMAX returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
XMAX debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
XMAX price vs earnings per share
XMAX key metrics
2022–2025| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Valuation | ||||
| Market capitalization | $124.1M | — | — | — |
| Enterprise value | $123.6M | — | — | — |
| Price / sales | 7.4 | — | — | — |
| Price / book | 4.4 | — | — | — |
| EV / sales | 7.4 | — | — | — |
| Earnings yield | −2.8% | — | — | — |
| Free cash flow yield | −0.4% | — | — | — |
| Dividend yield | 0.0% | — | — | — |
| Shareholder yield (dividends + buybacks) | 0.0% | — | — | — |
| Share price at fiscal year-end | $6.00 | $0.67 | $3.77 | $2.15 |
| Per share | ||||
| Revenue per share | $0.81 | — | — | — |
| Earnings per share | −$0.17 | — | — | — |
| Operating cash flow per share | −$0.02 | — | — | — |
| Free cash flow per share | −$0.02 | — | — | — |
| Cash per share | $0.32 | — | — | — |
| Book value per share | $1.35 | — | — | — |
| Tangible book value per share | $1.35 | — | — | — |
| Dividends per share | $0.00 | — | — | — |
| Capex per share | $0.00 | — | — | — |
| Debt per share | $0.30 | — | — | — |
| Shares outstanding | 20.7M | — | — | — |
| Returns & profitability | ||||
| Return on equity (ROE) | −22.0% | −307.3% | −217.3% | −258.7% |
| Return on invested capital (ROIC) | −10.0% | −246.8% | −179.1% | −237.9% |
| Return on assets (ROA) | −15.0% | −68.9% | −86.9% | −148.3% |
| Return on tangible assets | −9.6% | −57.4% | −128.5% | −151.3% |
| Free cash flow margin | −2.7% | −14.5% | −14.3% | −42.2% |
| Financial health | ||||
| Total debt | $6.2M | $197,828 | $147,428 | $150,000 |
| Cash & short-term investments | $6.7M | $161,902 | $369,137 | $1.4M |
| Net debt | −$499,811 | $35,926 | −$221,709 | −$1.2M |
| Debt / equity | 0.22 | 0.06 | 0.30 | 0.02 |
| Debt / assets | 0.17 | 0.02 | 0.02 | 0.01 |
| Current ratio | 4.92 | 1.36 | 1.02 | 4.99 |
| Quick ratio | 4.02 | 0.88 | 0.42 | 1.99 |
| Interest coverage | -25.0 | -171.7 | -676.0 | — |
| Working capital | $9.4M | $2.1M | $60,057 | $6.6M |
| Invested capital | $27.5M | $3.2M | $274,645 | $5.4M |
| Tangible asset value | $28.0M | $2.9M | $269,275 | $6.4M |
| Net current asset value | $4.2M | $1.1M | −$2.0M | $3.3M |
| Graham net-net per share | $0.10 | — | — | — |
| Capital allocation | ||||
| Dividends paid | $0 | $0 | — | — |
| Capex / revenue | 0.0% | 0.1% | 0.0% | 0.1% |
| Capex / depreciation | 0.00 | 0.03 | 0.00 | 0.02 |
| Stock-based compensation / revenue | 20.3% | 7.8% | 4.5% | 4.5% |
| R&D / revenue | — | 20.6% | 28.1% | 0.1% |
| SG&A / revenue | 36.6% | 78.6% | 67.4% | 66.1% |
| Efficiency | ||||
| Days sales outstanding | 27.2 | 1.6 | 5.5 | 8.3 |
| Days of inventory on hand | 72.6 | 169.1 | 188.6 | 87.7 |
| Days payables outstanding | 15.4 | 38.9 | 19.8 | 5.7 |
| Cash conversion cycle (days) | 84.4 | 131.8 | 174.3 | 90.3 |
| Receivables turnover | 13.44 | 232.39 | 66.10 | 44.18 |
| Payables turnover | 23.75 | 9.39 | 18.41 | 63.89 |
| Inventory turnover | 5.03 | 2.16 | 1.94 | 4.16 |
| Asset turnover | 0.74 | 1.20 | 1.25 | 1.11 |
| Average receivables | $1.2M | $41,684 | $167,738 | $288,478 |
| Average payables | $527,840 | $579,296 | $375,653 | $321,261 |
| Average inventory | $2.5M | $2.5M | $3.6M | $4.9M |
| Intangibles / total assets | 0.0% | 2.2% | 3.6% | 2.0% |
Computed from XMAX's annual financial statements (latest annual report filed April 15, 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.
XMAX valuation and financial ratios
Based on the latest twelve months, the trailing P/E is 15.6. XMax earned a return on equity of −22.0% and a return on invested capital of −10.0% in fiscal 2025. It ended the year with $6.2 million of debt and $6.7 million in cash and short-term investments, a net cash position of $0.5 million.
See the XMAX income statement, the XMAX chart for price history, or the XMAX stock overview for the latest quote and news.
XMAX key metrics FAQ
What is XMax's P/E ratio?
XMax's trailing P/E ratio is 15.6 based on the last twelve months of earnings (as of October 18, 2026). At the end of fiscal 2025 it was —.
What is XMax's return on equity?
XMax's return on equity (ROE) was −22.0% in fiscal 2025: net income of -$3.4 million on average shareholders' equity of $15.5 million.
What is XMax's ROIC?
XMax's return on invested capital was −10.0% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does XMax have?
XMax had total debt of $6.2 million at the end of fiscal 2025, a debt-to-equity ratio of 0.22 and more cash than debt.
Does XMax pay a dividend?
XMax did not pay a dividend in fiscal 2025.
What is XMax's free cash flow yield?
XMax generated -$0.4 million of free cash flow in fiscal 2025, a free cash flow yield of −0.4% on its market value at year-end ($124.1 million).
What is XMax's current ratio?
XMax's current ratio was 4.92 at the end of fiscal 2025: current assets were 4.92 times current liabilities.