ClearSign Technologies Corporation (CLIR) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-1537.9%

-$33.36

vs $2.32 price

Levered DCF

-$46.66

After debt service

Piotroski score

2 / 9

Weak

Altman Z-score

-8.48

Distress zone

Rating

C+

Overall 2 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	-5.62×	-13.09×	-8.54×	-3.6×	-5.52×	-11.72×	-2.45×	-2.43×
P/B	3.24×	5.12×	8.23×	2×	5.2×	8.55×	2.2×	1.38×
P/S	5.9×	19.6×	17.78×	51.02×	71×	0×	0×	43.84×
EV / EBITDA	-4.19×	-10.2×	-7.03×	-2.38×	-4.72×	-11×	-1.5×	-1.57×
Gross margin	27.2%	31.1%	34.0%	31.0%	-74.5%	0.0%	0.0%	19.4%
Operating margin	-113.4%	-180.4%	-248.9%	-1573.5%	-1341.8%	0.0%	0.0%	-1805.8%
Net margin	-105.0%	-147.4%	-216.1%	-1539.6%	-1299.8%	0.0%	0.0%	-1792.5%
Current ratio	4.34×	7.28×	2.89×	8.49×	10.98×	8.69×	6.92×	10.03×
Debt / equity	0.02×	0.01×	0.05×	0.04×	0.07×	0.07×	0.06×	0.02×
Interest coverage	0×	0×	0×	0×	0×	0×	0×	0×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	-57.7%	-38.5%	-100.0%	-60.3%	-95.3%	-71.7%	-90.8%	-56.4%
Return on invested capital	-61.2%	-46.5%	-110.0%	-59.4%	-92.2%	-67.9%	-87.4%	-55.8%
Return on assets	-45.1%	-33.3%	-68.2%	-52.7%	-84.3%	-61.5%	-76.6%	-51.2%
Free cash flow yield	-15.7%	-6.5%	-8.0%	-27.0%	-16.1%	-7.6%	-36.1%	-38.2%
Earnings yield	-17.8%	-7.5%	-12.2%	-30.2%	-18.3%	-8.4%	-41.3%	-40.9%
Enterprise value	$21.8M	$56.6M	$37.3M	$13M	$36M	$73.4M	$12.3M	$14.6M
Net debt / EBITDA	1.73×	2.49×	1.03×	1.11×	0.92×	1.22×	0.97×	0.93×
Cash conversion cycle (days)	-63	25	13	-322	-34	-569	-308,425	-677