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AGAEAllied Gaming & Entertainment Inc.
$2.36$87M
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  3. AGAE
  4. Financial Ratios

Allied Gaming & Entertainment Inc. (AGAE) Financial Ratios

Latest Ratios: P/E Ratio -2.8x · EV/EBITDA N/A · ROE -56.9%. (2016–2025 historical series)

Income StatementBalance SheetCash FlowRatios
AnnualQuarterly

AGAE Valuation Multiples

Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017FY 2016
Market Cap$87M$16M$29M$39M$41M$67M$45M$42M$44M$42M—
Enterprise Value$107M$35M$2M$39M$38M$-26189648$50M$47M$44M$75M—
P/E Ratio →-2.84————————450.93—
P/S Ratio10.951.943.255.156.4613.4614.121.612.133.08—
P/B Ratio2.480.410.380.420.470.681.360.950.310.30—
P/FCF———————————
P/OCF———————————

P/E links to full P/E history page with 30-year chart

AGAE EV Ratios

Enterprise-value multiples — capital-structure-neutral measures of total business value

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017FY 2016
EV / Revenue—4.390.185.155.92-5.2815.511.822.145.50—
EV / EBITDA————————7.4718.43—
EV / EBIT—————————469.08—
EV / FCF———————————

AGAE Profitability

Margins and return-on-capital ratios measuring operating efficiency

Margins

Full margin charts and quarterly trend are on the Earnings History page

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017FY 2016
Gross Margin10.1%10.1%29.8%37.3%19.7%17.8%10.8%57.3%22.2%10.0%27.6%
Operating Margin-390.5%-390.5%-256.7%-86.2%-181.6%-318.2%-645.2%-56.1%-4.0%-1.0%-47.0%
Net Profit Margin-411.1%-411.1%-184.6%-44.9%-170.4%1268.5%-1403.3%-64.2%-148.6%0.7%-47.0%

Return on Capital

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017FY 2016
ROE-56.9%-56.9%-19.6%-3.8%-11.6%95.2%-116.1%-18.1%-21.9%0.1%-30.7%
ROA-32.3%-32.3%-14.9%-3.3%-10.6%75.0%-67.6%-15.7%-21.8%0.1%-24.4%
ROIC-43.7%-43.7%-24.4%-5.6%-19.2%-54.2%-35.5%-11.5%-0.4%-0.1%—
ROCE——-25.5%-6.8%-11.8%-23.1%-50.0%-15.6%-0.6%-0.2%-29.1%

AGAE Leverage & Debt

Solvency and debt-coverage ratios — lower is generally safer

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017FY 2016
Debt / Equity0.830.830.400.170.09—0.150.310.000.240.05
Debt / EBITDA————————0.068.21—
Net Debt / Equity—0.52-0.36-0.00-0.04-0.940.130.120.000.24-0.03
Net Debt / EBITDA————————0.048.11—
Debt / FCF———————————
Interest Coverage—————-58.69-7.25-13.29-7.33——

AGAE Liquidity & Efficiency

Short-term solvency ratios and asset-utilisation metrics

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017FY 2016
Current Ratio0.000.003.116.5524.9717.961.830.630.153.580.60
Quick Ratio0.000.003.116.5324.9717.961.410.480.157.580.60
Cash Ratio0.000.002.356.0924.6117.700.020.340.143.190.41
Asset Turnover—0.090.080.070.070.050.050.370.150.100.52
Inventory Turnover———14.68——0.273.05———
Days Sales Outstanding—1171.49765.7825.2443.1028.6530.828.8127.16—13.42

AGAE Shareholder Yields

Earnings, FCF, buyback, and dividend yields — total returns to shareholders

Dividends

Full dividend history and growth charts are on the Dividend History page

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017FY 2016
Dividend Yield———————————
Payout Ratio———————————

Total Shareholder Return Metrics

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017FY 2016
Earnings Yield—————————0.2%—
FCF Yield———————————
Buyback Yield0.0%0.0%0.0%5.3%1.5%0.0%0.0%0.0%0.0%0.0%—
Total Shareholder Yield0.0%0.0%0.0%5.3%1.5%0.0%0.0%0.0%0.0%0.0%—
Shares Outstanding—$40M$37M$37M$39M$39M$29M$16M$4M$4M$18M

Key Metrics

Growth RegimeContracting
ProfitabilityNegative
Balance SheetVulnerable
Cash FlowBurning
Top Statement Risk

Operational cash flow insolvency

Verified Source

Metrics are mathematically derived from official filings.

SEC 10-K (2026Q1)

Market Pricing Ignores Operational Decay

According to recent market data, AGAE trades at a P/S multiple of 10.95, which appears disconnected from the company's contracting revenue base and persistent negative earnings, suggesting investors may be mispricing the firm as a growth entity rather than a distressed asset in transition.

The elevated P/S ratio relative to the company's inability to generate positive net income suggests that the market is assigning value to the remaining cash balance rather than the underlying business operations. Investors should monitor whether this valuation premium continues to compress as the cash pile is depleted by ongoing operating losses.

Persistent Destruction of Invested Capital

Based on reported financial figures, AGAE's ROIC has remained consistently negative, reaching -16.3% in 2026Q1, which indicates that the company is failing to generate any meaningful return on its capital base and is instead actively eroding shareholder value through its current high-cost, low-margin business model.

The persistent negative ROIC trend highlights a fundamental mismatch between the capital invested in the Luxor arena infrastructure and the revenue generated from event hosting. This suggests that the current business model is structurally incapable of compounding capital, necessitating a strategic pivot to avoid further value destruction.

Working Capital Inefficiency Hampers Liquidity

As reported in quarterly filings, AGAE's asset turnover has stagnated at approximately 0.02 to 0.05, reflecting a severe inability to utilize its physical assets efficiently to drive revenue, which is further exacerbated by erratic DSO trends that suggest significant delays in collecting payments from event partners.

The extremely low asset turnover indicates that the company's flagship arena is significantly underutilized relative to its fixed cost burden. The volatility in DSO suggests that the company lacks leverage over its customers, leading to inefficient working capital cycles that drain liquidity during periods of low event activity.

Liquidity Buffer Facing Severe Pressure

According to the latest quarterly filings, AGAE's current ratio plummeted to 0.00 in 2025Q4 from a peak of 6.55 in 2023Q4, signaling a rapid loss of short-term financial flexibility and an increasing vulnerability to immediate operational cash requirements or unforeseen liabilities in the coming fiscal periods.

The collapse of the current ratio suggests that the company's liquid assets are no longer sufficient to cover its short-term obligations, leaving it highly exposed to operational shocks. This trend warrants close monitoring, as the lack of a liquidity buffer significantly limits management's ability to fund a turnaround strategy.

Misleading Reliance on P/B Ratios

Analysis of recent SEC filings reveals that the Price-to-Book ratio is a commonly misapplied metric for AGAE, as it obscures the reality that the company's book value is heavily comprised of intangible assets and goodwill that may hold little to no liquidation value in a distress scenario.

Investors should instead focus on the company's cash-to-burn ratio to assess its true runway, as the P/B ratio fails to account for the rapid erosion of tangible cash reserves. Relying on book value may lead to an overestimation of the company's floor price, ignoring the potential for significant asset impairment.

Download Financial Ratios Data

Includes 30+ ratios · 10 years · Updated daily

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AGAE — Frequently Asked Questions

Quick answers to the most common questions about buying AGAE stock.

What is Allied Gaming & Entertainment Inc.'s P/E ratio?

Allied Gaming & Entertainment Inc.'s current P/E ratio is -2.8x. This places it at the 50th percentile of its historical range.

What is Allied Gaming & Entertainment Inc.'s ROE?

Allied Gaming & Entertainment Inc.'s return on equity (ROE) is -56.9%. The historical average is -18.3%.

Is AGAE stock overvalued?

Based on historical data, Allied Gaming & Entertainment Inc. is trading at a P/E of -2.8x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.

What are Allied Gaming & Entertainment Inc.'s profit margins?

Allied Gaming & Entertainment Inc. has 10.1% gross margin and -390.5% operating margin.