Canaan Inc. Ratios | P/E, ROE & Valuation

On the Key Ratios page for Canaan Inc. (CAN), the latest P/E of -0.8 frames valuation, while ROE -55.85% and ROIC -26.59% indicates profitability and capital efficiency. Together with the current ratio of 3.34 and debt-to-equity 0.15, these signals help you judge whether valuation is supported by fundamentals across the historical rows.

Financial Performance Ratios

CAN Historical Per Share Metrics

9 years
Metric (FY)TTM20242023202220212020201920182017
Revenue per Share$0.74$0.99$1.23$3.79$4.49$0.44$9.91$20.52$9.95
Net Income per Share$-0.31$-0.92$-2.41$0.41$1.80$-0.21$-7.21$0.93$2.86
Operating Cash Flow per Share$0.00$-0.73$-0.72$-1.07$1.18$0.04$-1.95$-0.10$0.69
Free Cash Flow per Share$0.00$-0.81$-0.74$-1.17$1.14$0.04$-2.01$-0.29$0.60
Cash per Share$0.06$0.36$0.56$0.61$2.46$0.44$3.68$1.96$2.03
Book Value per Share$0.55$0.98$2.03$3.56$3.16$0.42$4.83$1.83$6.52
Tangible Book Value per Share$0.55$0.98$1.98$3.56$3.16$0.42$4.83$1.83$6.52
Interest Debt per Share$0.09$0.35$0.01$0.02$0.03$0.07$93.52$8.01$0.00
CAPEX per Share$0.00$0.07$0.02$0.10$0.03$0.00$0.06$0.19$0.10

CAN Historical Valuation Ratios

9 years
Metric (FY)TTM20242023202220212020201920182017
Price to Earnings (P/E)-0.78-2.23-0.965.072.87-28.14-0.859.693.15
Price to Book (P/B)0.492.091.140.581.6313.991.264.921.38
Price to Sales (P/S)0.252.071.880.541.1513.520.620.440.9
Enterprise Value to EBITDA-1.38-3.87-0.923.321.64-25.72-124.3351.0316.03
EV to Sales0.272.061.430.390.6112.799.690.730.77
EV to Operating Cash Flow0-2.79-2.45-1.392.32135.39-49.2-155.1311.04
EV to Free Cash Flow0-2.54-2.38-1.272.38142.73-47.77-52.512.82
Enterprise Value$140.04M$555.06M$302.41M$255.61M$467.54M$877.26M$13.78B$1.98B$1.01B

CAN Historical Profitability Ratios

9 years
Metric (FY)TTM20242023202220212020201920182017
Return on Equity (ROE)-55.85%-93.80%-118.95%11.50%56.77%-49.73%-149.32%50.81%43.84%
Return on Invested Capital (ROIC)-26.59%-88.89%-101.74%5.51%49.03%-50.25%-145.12%45.87%43.45%
Return on Tangible Assets-40.01%-54.05%-85.26%10.13%34.86%-20.75%-104.35%8.73%31.23%
Earnings Yield-113.77%-44.87%-104.29%19.73%34.88%-3.55%-118.16%10.32%31.77%
Free Cash Flow Yield0.00%-39.27%-31.96%-56.99%22.19%0.66%-32.94%-3.17%6.64%
Dividend Yield0.00%0.00%0.00%0.00%7.38%0.00%0.00%0.00%0.00%

CAN Historical Liquidity & Financial Strength

9 years
Metric (FY)TTM20242023202220212020201920182017
Current Ratio3.341.872.697.442.531.73.31.183.41
Interest Coverage-46.83-435.95000-74.84-367.7831.530
Income Quality00.80.3-2.610.65-0.20.27-0.10.24
Debt to Equity0.150.3600.010.010.1519.374.350
Debt to Assets10.63%20.52%0.29%0.54%0.55%6.23%1353.66%74.79%0.00%
Net Debt to EBITDA-0.130.010.29-1.28-1.461.47-116.4320.4-2.81

CAN Historical Efficiency Ratios

9 years
Metric (FY)TTM20242023202220212020201920182017
Receivables Turnover6.492.353.62913347.984.46495.34114.211000.83
Payables Turnover24.1125.3172.4225.414.6810.97136.94319.9590.78
Inventory Turnover3.543.743.181.992.591.829.893.752.71
Days Sales Outstanding56.25155.39100.840.560.0381.880.743.20.36
Days Payables Outstanding15.1414.425.0414.3724.8733.282.671.144.02
Days of Inventory on Hand103.1397.66114.83183.38141.01200.8136.9297.29134.78

CAN Historical Market Metrics

9 years
Metric (FY)TTM20242023202220212020201920182017
Enterprise Value to EBITDA-1.38-3.87-0.923.321.64-25.72-124.3351.0316.03
Market Cap$126.94M$556.56M$397.13M$354.15M$884.33M$927.30M$875.55M$1.19B$1.18B
Enterprise Value$140.04M$555.06M$302.41M$255.61M$467.54M$877.26M$13.78B$1.98B$1.01B
Dividend Yield0.00%0.00%0.00%0.00%7.38%0.00%0.00%0.00%0.00%
Payout Ratio0.00%0.00%0.00%0.00%21.16%0.00%0.00%0.00%0.00%

Frequently Asked Questions

Is Canaan Inc. stock overvalued based on its P/E ratio?

On this page, CAN's current P/E is -0.8, compared with a multi-year average around 5.2. A lower P/E versus its own history is often interpreted as relatively cheaper valuation (all else equal). In practice, the "why" matters: check whether the lower multiple is supported by profitability and earnings quality (for example, ROE/ROIC and income quality in the table), or whether it reflects weaker fundamentals.

What is Canaan Inc. market cap?

Market cap is the market value of a company's equity and is commonly calculated as share price multiplied by shares outstanding. The latest market cap shown in the table is $126.94M. Pair market cap with valuation multiples (P/E, P/B, P/S) so you can evaluate whether size also corresponds with "quality" and profitability. For a wider view across stocks, you can also use the stock screener.

What is a good P/E ratio for Canaan Inc. compared to its industry?

There isn't one universal "good" P/E - P/E should be judged against the business model and expected growth for its sector. A practical approach is: (1) compare the P/E on this page to Canaan Inc.'s own historical range (shown across the table's rows), and (2) benchmark against peer companies using the Screener's P/E filters and the Peers Comparison/Compare tools. If profitability (ROE/ROIC) and cash-flow strength are improving, a higher P/E can be more defensible; if returns are slipping, even a lower P/E may be a value trap.

How does Canaan Inc. compare to its competitors in key financial ratios?

The fastest way to compare Canaan Inc. with competitors is to use the built-in "Peers Comparison" section on this page and the Compare tool. Focus on a small set of ratios that work together: P/E for valuation, ROE/ROIC for profitability and capital efficiency, current ratio and interest coverage for liquidity and solvency, and debt-to-equity for leverage risk. When you see Canaan Inc. outperform peers on profitability while keeping valuation and leverage reasonable, it often signals stronger fundamentals.

Is Canaan Inc. financially strong based on its ratios?

To assess whether Canaan Inc. is financially strong, review both profitability and balance-sheet risk together. Current ratio is about 3.34, which is above 1.0 and can indicate more comfortable short-term liquidity. Interest coverage is about -46.83, implying less buffer for servicing interest costs. Debt-to-equity is about 0.15, suggesting leverage is more moderate relative to a high-debt profile. Then confirm the same story is supported by ROE/ROIC (quality of earnings) and by cash-flow backed metrics in the table.

What do Canaan Inc.'s financial ratios say about its future growth?

Ratios are a way to see what the business is likely to sustain. Look for upward trends in profitability metrics (ROE and ROIC), improving earnings/cash-flow backed measures, and stable or strengthening liquidity. If Canaan Inc. is sustaining strong returns (for example ROE at -55.85% and ROIC at -26.59%) while debt levels and interest coverage remain manageable, growth expectations may be more credible. If valuation multiples expand while returns weaken, the market may be pricing optimistic growth ahead of results.