Latest Ratios: P/E Ratio 17.5x · EV/EBITDA 9.7x · ROE N/A. (2022–2026 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|
| Market Cap | $42M | $15M | $25M | $40M | $298M | $283M |
| Enterprise Value | $52M | $25M | $40M | $54M | $305M | $285M |
| P/E Ratio → | 17.50 | 5.95 | — | 2.54 | 205.77 | 70.36 |
| P/S Ratio | 0.60 | 0.22 | 0.36 | 0.55 | 5.60 | 6.90 |
| P/B Ratio | — | — | — | — | 22.09 | 32.57 |
| P/FCF | 7.45 | 2.67 | — | — | 582.31 | 187.54 |
| P/OCF | 6.23 | 2.23 | — | — | 140.96 | 89.50 |
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 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.35 | 0.57 | 0.75 | 5.75 | 6.94 |
| EV / EBITDA | 9.67 | 4.61 | — | 11.44 | 87.13 | 36.88 |
| EV / EBIT | 11.46 | 4.16 | — | 2.77 | 103.43 | 44.18 |
| EV / FCF | — | 4.36 | — | — | 597.32 | 188.63 |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|
| Gross Margin | 24.7% | 24.7% | 23.8% | 29.8% | 25.7% | 29.3% |
| Operating Margin | 6.5% | 6.5% | -41.0% | 4.1% | 4.4% | 16.1% |
| Net Profit Margin | 3.6% | 3.6% | -28.1% | 21.6% | 2.7% | 9.8% |
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|
| ROE | — | — | — | 254.8% | 13.0% | 46.4% |
| ROA | 6.3% | 6.3% | -44.2% | 37.4% | 5.4% | 21.4% |
| ROIC | 42.4% | 42.4% | -195.3% | 13.1% | 11.1% | 47.8% |
| ROCE | 48.5% | 48.5% | -307.8% | 18.0% | 13.7% | 53.8% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|
| Debt / Equity | — | — | — | — | 0.65 | 0.23 |
| Debt / EBITDA | 2.70 | 2.70 | — | 3.46 | 2.51 | 0.26 |
| Net Debt / Equity | — | — | — | — | 0.57 | 0.19 |
| Net Debt / EBITDA | 1.79 | 1.79 | — | 3.02 | 2.19 | 0.21 |
| Debt / FCF | — | 1.69 | — | — | 15.00 | 1.09 |
| Interest Coverage | 12.80 | 12.80 | -29.18 | 42.40 | 15.95 | 14.52 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|
| Current Ratio | 0.78 | 0.78 | 0.66 | 0.86 | 1.64 | 1.80 |
| Quick Ratio | 0.78 | 0.78 | 0.66 | 0.86 | 1.64 | 1.80 |
| Cash Ratio | 0.16 | 0.16 | 0.09 | 0.05 | 0.09 | 0.05 |
| Asset Turnover | — | 1.67 | 1.76 | 1.47 | 1.54 | 2.17 |
| Inventory Turnover | — | — | — | — | — | — |
| Days Sales Outstanding | — | 66.31 | 57.10 | 119.59 | 92.22 | 72.35 |
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 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — |
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|
| Earnings Yield | 5.7% | 16.8% | — | 39.3% | 0.5% | 1.4% |
| FCF Yield | 13.4% | 37.5% | — | — | 0.2% | 0.5% |
| Buyback Yield | 1.4% | 3.8% | 2.9% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 1.4% | 3.8% | 2.9% | 0.0% | 0.0% | 0.0% |
| Shares Outstanding | — | $6M | $5M | $2M | $4M | $4M |
PE deal flow sensitivity
Based on current market data, AERT trades at a P/S multiple of 0.59, which appears to discount the firm's stagnant revenue growth and the inherent volatility associated with its reliance on private equity deal velocity compared to broader consulting sector peers.
The P/E ratio of 17.26 suggests that investors are pricing in a recovery in earnings, yet the absence of forward guidance makes it difficult to justify this premium against the backdrop of inconsistent net margins. The valuation appears to be heavily influenced by the company's SPAC-related entry, warranting caution until a more stable track record of normalized earnings is established.
As reported in financial statements, AERT's operating margin has fluctuated significantly, reaching 6.45% recently, which indicates that the firm's profitability is highly sensitive to labor cost fluctuations and the inability to achieve consistent operating leverage within its consulting delivery model.
The gross margin of 24.71% is relatively thin for a specialized consulting firm, suggesting that the company lacks significant pricing power. Investors should monitor whether management can shift toward higher-value digital transformation services, as the current reliance on high-volume BPM work leaves little room for margin expansion.
According to historical data, AERT's ROIC has exhibited extreme volatility, swinging from -97.6% in 2025Q1 to 7.8% in 2026Q4, which suggests that the company is struggling to generate consistent returns on its invested capital base amidst shifting operational demands.
The erratic nature of these returns implies that the firm's capital allocation strategy is currently secondary to managing the immediate pressures of its PE-focused business model. Without a sustained improvement in ROIC, the company may find it difficult to justify further capital investment or expansion of its service footprint.
Based on recent quarterly filings, AERT's DSO has remained elevated, averaging over 50 days, which highlights significant friction in the cash conversion cycle and suggests that the firm's ability to collect on receivables is tied to the complex payment cycles of its private equity clients.
The lack of consistent DPO and DIO data makes it difficult to fully assess the efficiency of the working capital cycle, but the persistent reliance on external financing suggests that cash management is a primary operational constraint. Improving the speed of collections is essential for the company to reduce its dependence on debt.
As disclosed in recent balance sheets, AERT maintains a current ratio of 0.78, which indicates that the firm lacks sufficient liquid assets to cover its short-term obligations, leaving it vulnerable to any disruption in cash inflows from its primary private equity sponsors.
This liquidity position warrants close monitoring, as the company's limited cash reserves provide little buffer against unexpected operational shocks or wage inflation. The reliance on short-term liquidity suggests that any delay in project payments could force the company to seek expensive external financing.
The P/E ratio is frequently misapplied to AERT, as it obscures the impact of non-cash charges and stock-based compensation that are common in SPAC-originated entities, thereby failing to reflect the firm's true normalized cash-generating capacity for its consulting operations.
Investors should instead focus on EV/EBITDA or FCF-based metrics to better understand the underlying operational performance, as these measures are less distorted by the company's capital structure and non-operating accounting adjustments. Relying on P/E alone may lead to an inaccurate assessment of the firm's valuation relative to its peers.
Includes 30+ ratios · 5 years · Updated daily
DCF models, multiple analysis, and analyst estimates.
10-year return with dividends reinvested.
See how regular investing compounds over time.
Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying AERT stock.
Aeries Technology, Inc's current P/E ratio is 17.5x. The historical average is 26.3x. This places it at the 67th percentile of its historical range.
Aeries Technology, Inc's current EV/EBITDA is 9.7x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 35.0x.
Based on historical data, Aeries Technology, Inc is trading at a P/E of 17.5x. This is at the 67th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Aeries Technology, Inc has 24.7% gross margin and 6.5% operating margin.
Aeries Technology, Inc's Debt/EBITDA ratio is 2.7x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.