Understanding the Valuation Metrics
Millen. Online currently trades at a price of ₹1.83, close to its 52-week low of ₹1.70, yet its valuation indicators paint a complex picture. The company’s price-to-book value stands at 2.26, which is moderate but not excessively high. However, the price-to-earnings (PE) ratio is deeply negative, reflecting losses rather than profits, with a figure around -91.5. Similarly, the enterprise value to EBIT and EBITDA ratios are also negative, indicating operational challenges and lack of earnings.
Return on capital employed (ROCE) and return on equity (ROE) are both negative, at approximately -2.4% and -2.5% respectively, signalling that the company is currently not generating value from its capital base. The absence of dividend yield fur...
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