Latest Ratios: P/E Ratio -16.0x · EV/EBITDA N/A · ROE -21.8%. (2021–2025 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 |
|---|---|---|---|---|---|---|
| Market Cap | $60M | $44M | — | — | — | — |
| Enterprise Value | $32M | $16M | — | — | — | — |
| P/E Ratio → | -16.04 | — | — | — | — | — |
| P/S Ratio | 20.23 | 14.73 | — | — | — | — |
| P/B Ratio | 1.83 | 1.33 | — | — | — | — |
| P/FCF | — | — | — | — | — | — |
| P/OCF | — | — | — | — | — | — |
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 |
|---|---|---|---|---|---|---|
| EV / Revenue | — | 5.37 | — | — | — | — |
| EV / EBITDA | — | — | — | — | — | — |
| EV / EBIT | — | — | — | — | — | — |
| EV / FCF | — | — | — | — | — | — |
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 |
|---|---|---|---|---|---|---|
| Gross Margin | -75.3% | -75.3% | 29.2% | 58.0% | 40.3% | 34.8% |
| Operating Margin | -148.6% | -148.6% | -5.5% | 7.1% | 15.6% | 8.3% |
| Net Profit Margin | -124.0% | -124.0% | -5.6% | 10.9% | 10.7% | 11.6% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| ROE | -21.8% | -21.8% | -15.9% | 36.6% | 46.1% | 51.6% |
| ROA | -18.4% | -18.4% | -3.7% | 8.3% | 7.2% | 6.2% |
| ROIC | -75.1% | -75.1% | -4.9% | 12.0% | 14.6% | 4.4% |
| ROCE | -25.0% | -25.0% | -9.4% | 12.9% | 29.0% | 14.4% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Debt / Equity | 0.03 | 0.03 | 3.00 | 0.92 | 1.44 | 6.60 |
| Debt / EBITDA | — | — | 167.93 | 2.69 | 1.96 | 9.96 |
| Net Debt / Equity | — | -0.85 | 2.57 | 0.40 | 0.64 | 5.33 |
| Net Debt / EBITDA | — | — | 143.97 | 1.18 | 0.87 | 8.03 |
| Debt / FCF | — | — | — | 0.84 | 1.48 | 8.70 |
| Interest Coverage | -838.11 | -838.11 | -7.12 | 9.25 | 12.94 | 10.25 |
Net cash position: cash ($29M) exceeds total debt ($933778)
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Current Ratio | 22.48 | 22.48 | 0.33 | 0.37 | 0.29 | 0.25 |
| Quick Ratio | 22.45 | 22.45 | 0.31 | 0.35 | 0.27 | 0.24 |
| Cash Ratio | 22.16 | 22.16 | 0.14 | 0.24 | 0.26 | 0.22 |
| Asset Turnover | — | 0.09 | 0.63 | 0.75 | 0.67 | 0.54 |
| Inventory Turnover | 151.00 | 151.00 | 41.81 | 26.78 | 30.26 | 61.28 |
| Days Sales Outstanding | — | 5.51 | 2.30 | 3.73 | 3.54 | 5.52 |
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 |
|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | — |
| FCF Yield | — | — | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | — | — | — | — |
| Total Shareholder Yield | 0.0% | 0.0% | — | — | — | — |
| Shares Outstanding | — | $14M | $11M | $14M | $11M | $11M |
Operational viability and scale
Based on reported figures, AGH trades at a P/S multiple of 20.23, which appears significantly detached from its negative earnings and contracting revenue, suggesting the market is pricing the company as a cash-rich shell rather than a viable, growth-oriented leisure operator within the competitive public golf sector.
The P/E ratio of -16.04 confirms that the market is not currently valuing the company based on its core earnings power, which is nonexistent. Investors should monitor whether the premium valuation is supported by the $28.6 million cash balance or if it reflects speculative interest in the company's underlying real estate assets.
As reported in financial statements, AGH's gross margin of -75.30% in recent periods highlights a fundamental inability to cover direct facility costs, indicating that the current aquatic golf range model is structurally incapable of generating positive gross profit under the existing cost-to-revenue imbalance observed in recent filings.
The operating margin of -148.64% further demonstrates that corporate overhead is compounding the losses generated at the property level. This suggests that the company's earning power is severely strained, and a massive increase in utilization rates would be required to reach even a break-even point.
According to recent SEC filings, AGH's ROIC has trended into deep negative territory, reaching -21.7% in 2025Q4, which indicates that the company is currently destroying value rather than compounding it, as the returns on invested capital fail to cover the costs of maintaining its specialized leisure infrastructure.
The volatility in ROE, which swung from 23.3% in 2024Q1 to -3.4% in 2026Q1, reflects the instability of the business model and the lack of a consistent return-generating mechanism. Investors should be wary of the company's inability to deploy its substantial cash reserves into projects that yield positive returns.
Based on the reported figures, AGH's asset turnover ratio remains extremely low at 0.04, suggesting that the company is failing to generate sufficient revenue from its fixed asset base, which is a critical concern for a business model that relies on high-volume utilization of its aquatic facilities.
The cash conversion cycle, while appearing negative due to accounting timing, does not reflect operational efficiency but rather the lack of a sustainable revenue stream. The company's inability to optimize its working capital cycle suggests that the current management of receivables and payables is not contributing to operational stability.
The Price-to-Sales ratio is the most commonly misapplied metric for AGH, as it obscures the company's negative gross margins and reliance on cash reserves, leading investors to potentially misinterpret the company as a growth-stage leisure firm rather than a business struggling with fundamental operational decay.
Because the company's revenue is contracting and its cost structure is fundamentally broken, the P/S ratio provides a misleading sense of scale. Analysts should instead focus on the cash-to-enterprise-value ratio or the underlying real estate value to better assess the company's true worth in the absence of profitable operations.
Includes 30+ ratios · 5 years · Updated daily
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Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying AGH stock.
Aureus Greenway Holdings Inc.'s current P/E ratio is -16.0x. This places it at the 50th percentile of its historical range.
Aureus Greenway Holdings Inc.'s return on equity (ROE) is -21.8%. The historical average is 19.3%.
Based on historical data, Aureus Greenway Holdings Inc. is trading at a P/E of -16.0x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Aureus Greenway Holdings Inc. has -75.3% gross margin and -148.6% operating margin.