PSQ Holdings, Inc. (PSQH) 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

-4395.9%

-$124.58

vs $2.90 price

Levered DCF

-$265.68

After debt service

Piotroski score

2 / 9

Weak

Altman Z-score

-5.8

Distress zone

Rating

D+

Overall 1 / 5

Ratios by fiscal year

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

Metric	FY2025	FY2024	FY2023	FY2022	FY2021
P/E	-1.91×	-2.52×	-2.16×	-16.3×	-90.94×
P/B	3.56×	5.41×	11.03×	33.6×	241.56×
P/S	2.63×	6.27×	20.24×	240.5×	23,506.42×
EV / EBITDA	-2.71×	-2.72×	-1.95×	-18.45×	-95.71×
Gross margin	69.3%	60.7%	33.2%	-50.7%	-1313.3%
Operating margin	-175.6%	-240.1%	-692.0%	-1493.5%	-25856.1%
Net margin	-136.8%	-248.7%	-937.9%	-1468.6%	-25856.1%
Current ratio	2.03×	5.43×	5.29×	3.83×	2.77×
Debt / equity	0.51×	1.21×	0.03×	0.09×	0×
Interest coverage	-9.11×	-24.19×	-221.74×	0×	0×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021
Return on equity	-185.3%	-214.8%	-511.1%	-205.2%	-265.7%
Return on invested capital	-63.3%	-79.4%	-182.6%	-191.8%	-265.7%
Return on assets	-41.7%	-77.0%	-211.2%	-165.5%	-225.0%
Free cash flow yield	-55.6%	-26.0%	-25.4%	-6.6%	-0.5%
Earnings yield	-52.0%	-39.7%	-46.3%	-6.1%	-1.1%
Enterprise value	$40.1M	$141.6M	$99M	$112.2M	$207.5M
Net debt / EBITDA	0.53×	0.07×	0.32×	0.33×	0.18×
Cash conversion cycle (days)	-311	41	-24	-216	-419