Latest Ratios: P/E Ratio -76.0x · EV/EBITDA N/A · ROE -30.0%. (2020–2025 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 |
|---|---|---|---|---|---|---|---|
| Market Cap | $248M | $216M | $44M | $33M | — | — | — |
| Enterprise Value | $245M | $213M | $44M | $28M | — | — | — |
| P/E Ratio → | -76.04 | — | — | — | — | — | — |
| P/S Ratio | 53.13 | 46.21 | 48.04 | 170.69 | — | — | — |
| P/B Ratio | 12.87 | 12.04 | 19.40 | 5.40 | — | — | — |
| 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 | FY 2020 |
|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 45.63 | 47.80 | 146.83 | — | — | — |
| 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 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Gross Margin | 59.6% | 59.6% | 32.6% | 43.4% | — | — | — |
| Operating Margin | -45.9% | -45.9% | -496.5% | -2849.8% | — | — | — |
| Net Profit Margin | -64.8% | -64.8% | -496.4% | -2782.5% | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| ROE | -30.0% | -30.0% | -108.8% | -96.0% | -52.0% | -0.2% | — |
| ROA | -26.0% | -26.0% | -82.9% | -82.2% | -46.0% | -0.1% | -145.1% |
| ROIC | -18.6% | -18.6% | -192.7% | -238.0% | -135.2% | -0.4% | — |
| ROCE | -19.5% | -19.5% | -94.8% | -92.1% | -52.0% | -0.1% | — |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.05 | 0.05 | 0.47 | 0.08 | 0.12 | 0.09 | — |
| Debt / EBITDA | — | — | — | — | — | 3.41 | — |
| Net Debt / Equity | — | -0.15 | -0.10 | -0.75 | -0.61 | -0.74 | — |
| Net Debt / EBITDA | — | — | — | — | — | -26.77 | — |
| Debt / FCF | — | — | — | — | — | — | — |
| Interest Coverage | -3.23 | -3.23 | — | — | — | -11.67 | — |
Net cash position: cash ($4M) exceeds total debt ($941000)
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Current Ratio | 24.59 | 24.59 | 2.22 | 7.05 | 11.90 | 26.03 | 0.45 |
| Quick Ratio | 24.59 | 24.59 | 2.22 | 7.05 | 11.90 | 26.03 | 0.45 |
| Cash Ratio | 22.33 | 22.33 | 2.06 | 6.70 | 10.04 | 23.64 | 0.45 |
| Asset Turnover | — | 0.24 | 0.24 | 0.03 | — | — | — |
| Inventory Turnover | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | 75.27 | 23.83 | 357.26 | — | — | — |
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 |
|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | — | — |
| FCF Yield | — | — | — | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | — | — | — |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.0% | — | — | — |
| Shares Outstanding | — | $13M | $12M | $11M | $11M | $11M | $11M |
Liquidity and dilution risk
Based on reported figures, Aeluma trades at a P/S ratio of 60.81, which appears significantly detached from its current revenue scale and suggests that investors are pricing the stock as a speculative call option on future technology adoption rather than on existing financial performance or earnings.
The current valuation multiple implies an aggressive growth trajectory that remains unproven by the company's erratic, project-based revenue history. Investors should monitor whether this premium can be sustained as the company transitions from early-stage prototyping to the more competitive and margin-sensitive commercial semiconductor market.
As reported in financial statements, Aeluma maintains a gross margin of approximately 31.6% as of 2026Q3, yet this is overshadowed by an operating margin of -173.9%, indicating that the firm's current cost structure is fundamentally misaligned with its limited revenue generation capacity.
The wide spread between gross and operating margins suggests that the company is heavily burdened by fixed R&D and laboratory overhead. Until the firm achieves sufficient scale to amortize these costs, its earning power will likely remain negative, regardless of the technical merits of its III-V integration process.
According to recent SEC filings, Aeluma's asset turnover ratio has remained consistently low, hovering near 0.03 in 2026Q3, which highlights the company's struggle to convert its asset base into meaningful revenue compared to more established semiconductor peers in the industry.
The lack of consistent asset turnover suggests that the company's capital is tied up in long-term development projects rather than high-velocity production. This inefficiency warrants further investigation into whether the current business model can ever achieve the throughput necessary to justify its high fixed-cost base.
Based on the provided quarterly data, Aeluma's current ratio of 26.10 in 2026Q3 appears deceptively high, as it is primarily a function of recent equity-linked capital raises rather than the company's ability to generate internal liquidity through its core semiconductor operations.
The company's reliance on periodic financing to maintain its cash balance suggests a vulnerable liquidity position that is highly sensitive to market sentiment. Investors should monitor the cash burn rate closely, as the current runway may be insufficient to reach commercial scale without further dilutive events.
The Price-to-Sales ratio is frequently misapplied to Aeluma, as it obscures the reality that the company's revenue is derived from non-recurring engineering contracts rather than scalable product sales, making traditional valuation benchmarks largely irrelevant for assessing the firm's long-term commercial viability.
Instead of relying on P/S, analysts should focus on metrics like 'Design Win' pipeline growth and cash-burn-to-milestone ratios. Using revenue multiples for a pre-commercial firm risks overstating the stability of the business and ignoring the significant execution risks inherent in its III-V-on-Silicon integration technology.
Includes 30+ ratios · 6 years · Updated daily
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Quick answers to the most common questions about buying ALMU stock.
Aeluma, Inc.'s current P/E ratio is -76.0x. This places it at the 50th percentile of its historical range.
Aeluma, Inc.'s return on equity (ROE) is -30.0%. The historical average is -57.4%.
Based on historical data, Aeluma, Inc. is trading at a P/E of -76.0x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Aeluma, Inc. has 59.6% gross margin and -45.9% operating margin.