Methode Electronics, Inc. (NYSE:MEI) is a global supplier known for its custom-engineered solutions in user interface, lighting, and power distribution applications. The company operates from Chicago and is listed on the New York Stock Exchange under the symbol MEI. It competes with other firms in the electronics and engineering sectors.
On September 9, 2025, MEI reported its earnings for the first quarter of fiscal 2026, which ended on August 2, 2025. The company posted an earnings per share (EPS) of -$0.29, which was better than the estimated EPS of -$0.40. This indicates that while the company is still experiencing losses, it performed better than analysts expected.
MEI also reported revenue of $240.5 million, surpassing the estimated revenue of approximately $229.9 million. This revenue beat suggests that the company is generating more sales than anticipated, which is a positive sign for its business operations. Despite this, the company has a negative price-to-earnings (P/E) ratio of approximately -4.20, indicating ongoing financial challenges.
The company's price-to-sales ratio is about 0.25, meaning the market values its sales at a quarter of its current market price. Additionally, the enterprise value to sales ratio is approximately 0.48, reflecting the company's valuation relative to its sales. These metrics suggest that while MEI is generating revenue, the market may not fully value its sales potential.
MEI's debt-to-equity ratio is approximately 0.50, indicating a moderate level of debt compared to equity. The current ratio is about 2.40, showing that the company has more than twice the current assets compared to its current liabilities. This suggests that MEI is in good short-term financial health, with sufficient assets to cover its liabilities.
