Latest Ratios: P/E Ratio -26.4x · EV/EBITDA N/A · ROE -6.2%. (1996–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $138M | $156M | $113M | $97M | $90M | $155M | $71M | $116M | $147M | $117M | $95M |
| Enterprise Value | $94M | $112M | $130M | $128M | $192M | $256M | $165M | $229M | $221M | $143M | $103M |
| P/E Ratio → | -26.36 | — | — | 3.63 | 4.09 | 7.68 | — | — | 11.21 | 89.33 | — |
| P/S Ratio | 1.84 | 2.08 | 0.64 | 0.50 | 0.34 | 0.46 | 0.28 | 0.38 | 0.52 | 0.58 | 0.68 |
| P/B Ratio | 1.69 | 1.79 | 1.21 | 0.90 | 0.67 | 1.39 | 0.88 | 1.09 | 1.44 | 1.30 | 1.07 |
| P/FCF | — | — | 8.83 | 4.80 | 41.34 | 8.85 | 4.99 | 4.81 | — | — | — |
| P/OCF | — | — | 7.70 | 4.20 | 16.18 | 8.15 | 3.95 | 4.05 | — | 52.32 | 64.98 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.49 | 0.73 | 0.66 | 0.73 | 0.77 | 0.64 | 0.75 | 0.79 | 0.71 | 0.75 |
| EV / EBITDA | — | — | 55.91 | — | 8.40 | 6.79 | — | 24.46 | 7.38 | 14.64 | — |
| EV / EBIT | — | — | — | — | 12.99 | 9.49 | — | 4160.21 | 11.85 | 58.19 | — |
| EV / FCF | — | — | 10.18 | 6.33 | 87.81 | 14.58 | 11.59 | 9.49 | — | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 22.6% | 22.6% | 12.4% | 0.8% | 16.5% | 18.2% | 8.8% | 10.1% | 18.2% | 14.0% | 12.2% |
| Operating Margin | -9.0% | -9.0% | -2.9% | -19.4% | 5.6% | 8.2% | -12.1% | -0.6% | 7.6% | 1.0% | -6.0% |
| Net Profit Margin | -7.5% | -7.5% | -7.6% | -13.8% | 8.4% | 6.0% | -10.7% | -1.0% | 4.7% | 0.7% | -5.1% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -6.2% | -6.2% | -13.5% | -22.0% | 18.0% | 21.1% | -29.2% | -2.9% | 13.6% | 1.5% | -7.7% |
| ROA | -4.3% | -4.3% | -8.8% | -12.3% | 8.2% | 8.6% | -11.7% | -1.3% | 6.7% | 0.9% | -4.9% |
| ROIC | -6.6% | -6.6% | -3.1% | -15.0% | 4.9% | 10.6% | -11.8% | -0.6% | 10.8% | 1.4% | -5.6% |
| ROCE | -6.0% | -6.0% | -3.9% | -20.0% | 6.4% | 14.0% | -15.8% | -0.8% | 13.4% | 1.8% | -7.2% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.15 | 0.15 | 0.36 | 0.31 | 0.77 | 0.92 | 1.17 | 1.07 | 0.76 | 0.29 | 0.10 |
| Debt / EBITDA | — | — | 14.29 | — | 4.51 | 2.73 | — | 12.13 | 2.59 | 2.70 | — |
| Net Debt / Equity | — | -0.51 | 0.18 | 0.29 | 0.76 | 0.90 | 1.17 | 1.06 | 0.72 | 0.29 | 0.10 |
| Net Debt / EBITDA | — | — | 7.37 | — | 4.45 | 2.67 | — | 12.06 | 2.47 | 2.70 | — |
| Debt / FCF | — | — | 1.34 | 1.53 | 46.47 | 5.74 | 6.60 | 4.68 | — | — | — |
| Interest Coverage | — | — | -11.12 | -8.69 | 5.38 | 18.16 | -14.15 | 0.01 | 8.45 | 2.50 | -8.86 |
Net cash position: cash ($58M) exceeds total debt ($13M)
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 6.72 | 6.72 | 3.73 | 3.61 | 5.09 | 3.17 | 4.09 | 3.63 | 4.50 | 3.24 | 2.98 |
| Quick Ratio | 6.01 | 6.01 | 1.89 | 1.50 | 3.07 | 1.12 | 1.35 | 1.21 | 1.43 | 1.07 | 1.12 |
| Cash Ratio | 4.66 | 4.66 | 0.72 | 0.07 | 0.04 | 0.04 | 0.01 | 0.12 | 0.06 | 0.02 | 0.00 |
| Asset Turnover | — | 0.67 | 1.21 | 1.18 | 0.97 | 1.26 | 1.24 | 1.19 | 1.23 | 1.26 | 1.00 |
| Inventory Turnover | 6.63 | 6.63 | 3.80 | 3.66 | 3.23 | 2.65 | 2.74 | 2.79 | 2.01 | 2.40 | 2.00 |
| Days Sales Outstanding | — | 48.90 | 49.00 | 50.27 | 46.26 | 54.66 | 40.18 | 41.95 | 53.37 | 52.09 | 47.49 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | 1.5% | 1.0% | — |
| Payout Ratio | — | — | — | — | — | — | — | — | 16.9% | 85.6% | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | 27.5% | 24.5% | 13.0% | — | — | 8.9% | 1.1% | — |
| FCF Yield | — | — | 11.3% | 20.8% | 2.4% | 11.3% | 20.1% | 20.8% | — | — | — |
| Buyback Yield | 6.6% | 5.9% | 0.9% | 1.3% | 1.5% | 0.0% | 0.9% | 0.0% | 0.0% | 0.0% | 0.3% |
| Total Shareholder Yield | 6.6% | 5.9% | 0.9% | 1.3% | 1.5% | 0.0% | 0.9% | 0.0% | 1.5% | 1.0% | 0.3% |
| Shares Outstanding | — | $10M | $10M | $10M | $10M | $9M | $9M | $9M | $9M | $9M | $9M |
Persistent negative operating leverage
According to recent financial data, ACNT trades at a P/S of 1.68, which appears to discount the company's massive revenue contraction while potentially undervaluing the significant cash reserves that currently represent a substantial portion of the firm's total enterprise value relative to its industrial peers.
The negative TTM P/E of -23.97 highlights the current lack of earnings, forcing investors to rely on book value and cash-based metrics for valuation. This pricing suggests the market remains skeptical of the turnaround, treating the company as a legacy asset play rather than a growth-oriented specialty chemical provider.
As reported in financial statements, ACNT's operating margin reached -12.2% in 2026Q1, indicating that the company's current revenue scale is insufficient to absorb the fixed costs associated with its specialized manufacturing facilities, despite achieving a gross margin of 14.1% during the same period.
The persistent gap between gross and operating margins suggests that corporate overhead remains too high for the current business footprint. Investors should monitor whether management can successfully right-size the cost structure or if the specialty chemical segment can scale sufficiently to achieve positive operating leverage.
Based on ACNT's reported figures, the cash conversion cycle has fluctuated significantly, reaching 69 days in 2026Q1, which reflects the ongoing challenges in managing inventory and receivables during a period of aggressive business restructuring and declining top-line volume across its primary industrial segments.
The volatility in the CCC, driven by inconsistent DSO and DIO trends, suggests that the company is struggling to optimize its working capital as it pivots away from commodity steel. This inefficiency ties up liquidity that could otherwise be deployed toward more productive capital allocation initiatives.
According to the latest quarterly data, ACNT maintains a robust liquidity position with a current ratio of 8.69, providing a substantial defensive buffer against the ongoing operational losses that have characterized the company's performance over the last several reporting periods as it undergoes a strategic pivot.
While the high current ratio suggests a strong ability to meet short-term obligations, it also highlights a potential drag on return on equity due to the accumulation of idle cash. The company's liquidity is currently its most significant asset, though it remains vulnerable to erosion if operating losses continue unabated.
The P/E ratio is frequently misapplied to ACNT, as it obscures the company's transition from a high-volume steel distributor to a specialty chemical firm, failing to account for the massive cash pile that currently serves as a valuation floor rather than an operational byproduct.
Investors should instead focus on Price-to-Book or EV-to-Cash metrics to better assess the company's value during this restructuring phase. Relying on earnings multiples in a period of deliberate revenue contraction and asset divestiture provides a distorted view of the firm's underlying economic reality.
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying ACNT stock.
Ascent Industries Co.'s current P/E ratio is -26.4x. The historical average is 22.4x.
Ascent Industries Co.'s return on equity (ROE) is -6.2%. The historical average is 2.3%.
Based on historical data, Ascent Industries Co. is trading at a P/E of -26.4x. Compare with industry peers and growth rates for a complete picture.
Ascent Industries Co. has 22.6% gross margin and -9.0% operating margin.