Latest Ratios: P/E Ratio -92.1x · EV/EBITDA 51.9x · ROE -3.1%. (1997–2026 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 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $221M | $70M | $87M | $132M | $98M | $101M | $77M | $90M | $142M | $95M | $105M |
| Enterprise Value | $259M | $107M | $131M | $150M | $125M | $106M | $90M | $115M | $154M | $108M | $87M |
| P/E Ratio → | -92.13 | — | — | 27.98 | 36.81 | 15.61 | 59.72 | 51.83 | 24.67 | 28.72 | 24.76 |
| P/S Ratio | 1.47 | 0.46 | 0.58 | 0.89 | 0.69 | 0.86 | 0.66 | 0.67 | 1.04 | 0.84 | 1.07 |
| P/B Ratio | 2.84 | 0.91 | 1.15 | 1.46 | 1.16 | 1.24 | 1.03 | 1.26 | 2.03 | 1.49 | 1.49 |
| P/FCF | 19.40 | 6.10 | 23.65 | 11.51 | — | — | 5.95 | 283.15 | 192.57 | 62.30 | 18.37 |
| P/OCF | 18.85 | 5.93 | 17.97 | 10.70 | — | 72.34 | 4.96 | 27.93 | 41.88 | 25.43 | 15.10 |
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 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.71 | 0.86 | 1.01 | 0.87 | 0.90 | 0.78 | 0.86 | 1.12 | 0.95 | 0.88 |
| EV / EBITDA | 51.86 | 21.43 | 13.68 | 11.49 | 13.32 | 12.83 | 10.70 | 13.18 | 10.33 | 11.45 | 9.97 |
| EV / EBIT | 165.64 | 116.52 | — | 17.11 | 24.49 | 13.73 | 28.73 | 56.00 | 17.61 | 19.37 | 13.15 |
| EV / FCF | — | 9.37 | 35.45 | 13.07 | — | — | 6.95 | 361.39 | 208.96 | 70.84 | 15.20 |
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 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 33.1% | 33.1% | 34.9% | 34.9% | 33.8% | 37.2% | 35.6% | 36.5% | 39.5% | 38.8% | 40.1% |
| Operating Margin | 1.0% | 1.0% | 3.1% | 5.9% | 3.8% | 3.6% | 2.1% | 1.8% | 6.4% | 4.8% | 6.4% |
| Net Profit Margin | -1.6% | -1.6% | -9.6% | 3.2% | 1.9% | 5.5% | 1.1% | 1.3% | 4.2% | 2.9% | 4.3% |
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -3.1% | -3.1% | -17.5% | 5.4% | 3.2% | 8.3% | 1.8% | 2.5% | 8.6% | 4.9% | 6.1% |
| ROA | -1.7% | -1.7% | -10.4% | 3.4% | 2.1% | 5.6% | 1.1% | 1.5% | 4.7% | 3.2% | 5.2% |
| ROIC | 1.0% | 1.0% | 3.1% | 6.0% | 4.1% | 3.7% | 2.0% | 2.0% | 8.3% | 6.3% | 8.6% |
| ROCE | 1.6% | 1.6% | 4.7% | 8.6% | 5.5% | 4.5% | 2.6% | 2.6% | 9.1% | 6.4% | 9.0% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.54 | 0.54 | 0.64 | 0.25 | 0.37 | 0.13 | 0.33 | 0.41 | 0.28 | 0.36 | — |
| Debt / EBITDA | 8.29 | 8.29 | 5.08 | 1.72 | 3.30 | 1.25 | 2.91 | 3.34 | 1.32 | 2.46 | — |
| Net Debt / Equity | — | 0.49 | 0.57 | 0.20 | 0.32 | 0.06 | 0.17 | 0.35 | 0.17 | 0.20 | -0.26 |
| Net Debt / EBITDA | 7.48 | 7.48 | 4.56 | 1.37 | 2.88 | 0.61 | 1.55 | 2.85 | 0.81 | 1.38 | -2.08 |
| Debt / FCF | — | 3.27 | 11.80 | 1.56 | — | — | 1.00 | 78.24 | 16.39 | 8.53 | -3.17 |
| Interest Coverage | 0.26 | 0.26 | -2.83 | 3.25 | 3.03 | 11.39 | 3.28 | 2.48 | 9.95 | 13.83 | — |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.84 | 1.84 | 1.68 | 2.58 | 2.13 | 3.18 | 2.90 | 2.25 | 2.54 | 2.46 | 5.15 |
| Quick Ratio | 0.72 | 0.72 | 0.65 | 1.02 | 0.76 | 1.46 | 1.46 | 0.98 | 1.32 | 1.40 | 3.52 |
| Cash Ratio | 0.11 | 0.11 | 0.11 | 0.15 | 0.11 | 0.26 | 0.55 | 0.16 | 0.31 | 0.45 | 2.07 |
| Asset Turnover | — | 1.09 | 1.04 | 1.11 | 1.02 | 1.02 | 1.00 | 1.14 | 1.15 | 0.93 | 1.18 |
| Inventory Turnover | 2.33 | 2.33 | 2.06 | 2.08 | 1.84 | 2.13 | 2.48 | 2.50 | 2.74 | 2.51 | 3.02 |
| Days Sales Outstanding | — | 46.04 | 51.19 | 56.83 | 55.31 | 53.20 | 54.78 | 54.11 | 62.73 | 72.10 | 58.22 |
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 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | 0.6% | 2.2% | 1.4% | 2.1% | 2.0% |
| Payout Ratio | — | — | — | — | — | — | 38.7% | 112.1% | 33.7% | 59.2% | 49.2% |
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | 3.6% | 2.7% | 6.4% | 1.7% | 1.9% | 4.1% | 3.5% | 4.0% |
| FCF Yield | 5.2% | 16.4% | 4.2% | 8.7% | — | — | 16.8% | 0.4% | 0.5% | 1.6% | 5.4% |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.4% | 0.1% | 0.0% | 0.2% | 11.9% | 0.0% |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.4% | 0.8% | 2.2% | 1.5% | 13.9% | 2.0% |
| Shares Outstanding | — | $8M | $8M | $7M | $7M | $7M | $7M | $7M | $7M | $7M | $8M |
Aerospace cycle and margin volatility
According to current market data, AstroNova trades at a forward P/E of 43.80, a valuation that appears disconnected from its recent history of stagnant growth and negative net margins, suggesting investors are pricing in a significant turnaround that has yet to manifest in reported financial results.
The elevated EV/EBITDA multiple of 51.72 relative to peers like Trimble or Daktronics implies that the market is assigning a premium to the company's niche aerospace positioning rather than its current earnings power. This valuation warrants caution, as it assumes a level of operating leverage that the company has historically struggled to achieve.
As reported in financial statements, AstroNova's ROIC has hovered near 1% over the last ten quarters, indicating that the company is failing to generate returns on invested capital that exceed its cost of capital, thereby hindering long-term value creation for shareholders in the current environment.
The persistent inability to drive ROIC above low single digits suggests that the capital deployed into the Product Identification and Test & Measurement segments is not being utilized with sufficient efficiency. Investors should monitor whether management can improve asset utilization or if the current capital structure is inherently mismatched with the company's growth potential.
Based on recent quarterly filings, AstroNova's cash conversion cycle has remained elevated, frequently exceeding 190 days, which highlights significant inefficiencies in inventory management and a reliance on slow-moving stock that ties up critical liquidity within the company's manufacturing and distribution operations.
The high days inventory outstanding (DIO) of 156 to 188 days suggests that the company may be carrying excessive stock, potentially due to the specialized nature of its labeling media or aerospace components. This inefficiency directly impacts the company's ability to generate free cash flow, as capital remains trapped in inventory rather than being deployed for growth.
As evidenced by the quarterly data, AstroNova's quick ratio has consistently trended below 1.0, reaching 0.73 in 2027Q1, which indicates that the company's immediate liquidity position is vulnerable to any sudden disruptions in revenue or unexpected increases in working capital requirements.
With cash levels remaining thin relative to total revenue, the company lacks a substantial buffer to navigate cyclical downturns in the aerospace sector. This liquidity profile suggests that any significant operational stress could necessitate external financing, which would likely be dilutive given the current depressed state of profitability.
The P/E ratio is frequently misapplied to AstroNova, as the company's earnings are often distorted by non-recurring charges and the lumpy nature of aerospace contract recognition, which obscures the underlying cash-generating potential of its recurring consumable-based business model.
Investors should instead focus on EV/Sales or free cash flow yield to better assess the company's valuation, as these metrics are less sensitive to the accounting volatility inherent in the T&M segment. Relying on P/E in this context risks misinterpreting a temporary earnings trough as a permanent impairment of the business's intrinsic value.
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Quick answers to the most common questions about buying ALOT stock.
AstroNova, Inc.'s current P/E ratio is -92.1x. The historical average is 28.7x.
AstroNova, Inc.'s current EV/EBITDA is 51.9x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 13.8x.
AstroNova, Inc.'s return on equity (ROE) is -3.1%. The historical average is 4.4%.
Based on historical data, AstroNova, Inc. is trading at a P/E of -92.1x. Compare with industry peers and growth rates for a complete picture.
AstroNova, Inc. has 33.1% gross margin and 1.0% operating margin.
AstroNova, Inc.'s Debt/EBITDA ratio is 8.3x, indicating high leverage. A ratio above 4x may signal elevated financial risk.