Latest Ratios: P/E Ratio -2.4x · EV/EBITDA 26.0x · ROE -233.4%. (2016–2025 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 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $198M | $150M | $217M | $407M | $426M | $464M | $263M | $73M | — | — | — |
| Enterprise Value | $1.3B | $1.3B | $1.4B | $1.6B | $1.3B | $1.1B | $721M | $72M | — | — | — |
| P/E Ratio → | -2.39 | — | — | 68.72 | 65.95 | — | — | 8341.67 | — | — | — |
| P/S Ratio | 0.11 | 0.08 | 0.12 | 0.22 | 0.27 | 0.38 | 0.30 | 0.13 | — | — | — |
| P/B Ratio | — | — | 2.80 | 2.72 | 3.05 | 3.45 | 1.68 | 0.50 | — | — | — |
| P/FCF | — | — | — | — | — | — | — | — | — | — | — |
| P/OCF | 6.01 | 4.56 | 3.81 | 6.96 | 23.03 | 15.12 | — | — | — | — | — |
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 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.71 | 0.75 | 0.83 | 0.86 | 0.94 | 0.83 | 0.13 | — | — | — |
| EV / EBITDA | 25.98 | 25.06 | 8.60 | 8.32 | 8.80 | 10.03 | 10.78 | 1.50 | — | — | — |
| EV / EBIT | 58.13 | — | 93.50 | 26.14 | 31.73 | 167.83 | — | — | — | — | — |
| 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 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 25.9% | 25.9% | 26.3% | 27.0% | 26.7% | 25.9% | 24.6% | 99.7% | 26.7% | 25.5% | — |
| Operating Margin | 1.3% | 1.3% | 1.0% | 2.9% | 2.6% | 1.5% | -0.9% | -0.3% | 3.8% | 3.4% | — |
| Net Profit Margin | -4.4% | -4.4% | -3.3% | 0.5% | 0.6% | -1.7% | -2.7% | 0.0% | -0.0% | -0.0% | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -233.4% | -233.4% | -54.6% | 6.1% | 6.8% | -14.3% | -15.9% | 0.0% | — | — | — |
| ROA | -5.7% | -5.7% | -4.1% | 0.6% | 0.8% | -2.4% | -5.4% | 0.0% | -0.0% | -0.0% | — |
| ROIC | 1.4% | 1.4% | 1.1% | 3.5% | 3.3% | 1.9% | -1.6% | -2.0% | 11.8% | 8.7% | — |
| ROCE | 2.7% | 2.7% | 2.0% | 6.2% | 5.5% | 3.7% | -3.5% | -2.7% | 12.0% | 4.4% | — |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | — | — | 15.45 | 7.88 | 6.59 | 5.04 | 2.93 | — | — | — | — |
| Debt / EBITDA | 22.52 | 22.52 | 7.35 | 6.31 | 6.03 | 5.97 | 6.87 | — | 0.00 | 4.65 | — |
| Net Debt / Equity | — | — | 15.28 | 7.67 | 6.57 | 5.03 | 2.92 | -0.00 | — | — | — |
| Net Debt / EBITDA | 22.16 | 22.16 | 7.27 | 6.14 | 6.02 | 5.95 | 6.85 | -0.01 | 0.00 | 4.65 | 0.00 |
| Debt / FCF | — | — | — | — | — | — | — | — | — | 6.65 | — |
| Interest Coverage | -4.39 | -4.39 | 0.18 | 1.04 | 1.33 | 0.28 | -0.29 | -0.73 | — | — | — |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.43 | 1.43 | 1.34 | 1.32 | 1.41 | 1.39 | 0.88 | 0.42 | 0.22 | 18894.77 | — |
| Quick Ratio | 0.48 | 0.48 | 0.41 | 0.48 | 0.56 | 0.65 | 0.35 | 0.42 | -496.65 | 7636.58 | — |
| Cash Ratio | 0.04 | 0.04 | 0.02 | 0.05 | 0.01 | 0.01 | 0.00 | 0.33 | 0.22 | 21.93 | — |
| Asset Turnover | — | 1.37 | 1.27 | 1.19 | 1.22 | 1.23 | 1.17 | 3.80 | 1946.66 | 1.31 | — |
| Inventory Turnover | 2.88 | 2.88 | 2.58 | 2.58 | 2.88 | 3.76 | 2.88 | — | 2.76 | 3.06 | — |
| Days Sales Outstanding | — | 37.12 | 38.84 | 48.48 | 54.06 | 54.98 | 57.57 | — | — | 55.90 | — |
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 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 1.5% | 2.0% | 3.6% | 1.9% | 0.9% | 0.6% | — | — | — | — | — |
| Payout Ratio | — | — | — | 85.4% | 39.8% | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | 1.5% | 1.5% | — | — | 0.0% | — | — | — |
| FCF Yield | — | — | — | — | — | — | — | — | — | — | — |
| Buyback Yield | 3.8% | 5.0% | 2.7% | 0.0% | 0.0% | 0.0% | 2.2% | 0.0% | — | — | — |
| Total Shareholder Yield | 5.3% | 7.0% | 6.3% | 1.9% | 0.9% | 0.6% | 2.2% | 0.0% | — | — | — |
| Shares Outstanding | — | $33M | $33M | $33M | $32M | $32M | $27M | $7M | $18M | $18M | $16M |
Negative equity and leverage
According to recent market data, ALTG's negative P/E of -2.90 and elevated EV/EBITDA of 26.79 suggest that traditional valuation metrics are currently distorted by persistent net losses and high debt levels, rendering standard earnings-based comparisons largely ineffective for assessing the company's true intrinsic value.
The disconnect between the EV/EBITDA multiple and the negative net margin implies that the market is pricing the company based on its asset-heavy footprint rather than its current ability to generate bottom-line earnings. Investors should monitor whether the forward EV/EBITDA of 10.24 represents a realistic recovery path or merely an optimistic assumption that fails to account for the company's ongoing interest burden.
Based on reported figures, ALTG's ROIC has struggled to maintain positive territory, hovering near 0% or dipping into negative values over the last ten quarters, which indicates that the company is currently failing to generate returns that exceed its cost of capital on invested assets.
The inability to sustain a positive ROIC suggests that the aggressive acquisition-led growth strategy has not yet achieved the necessary operational efficiencies to create shareholder value. This trend warrants further investigation into whether the company's capital allocation is fundamentally flawed or if it is simply in a prolonged period of integration-related underperformance.
As reported in financial statements, ALTG's cash conversion cycle remains extended, peaking at 179 days in 2024Q3, which highlights a significant inefficiency in managing inventory and receivables relative to the company's ability to extract cash from its core dealership and rental operations.
The high days inventory outstanding, which reached 158 days in 2025Q1, suggests that the company is carrying substantial capital in unsold equipment, tying up liquidity that could otherwise be used to reduce debt. This inefficiency appears to be a structural drag on the balance sheet, leaving the firm vulnerable to shifts in equipment demand.
According to quarterly data, ALTG's quick ratio has remained consistently below 0.50, indicating that the company possesses very limited liquid assets to cover its immediate obligations without relying on the liquidation of inventory or the continued availability of external credit facilities.
This liquidity profile appears precarious given the company's high fixed-cost structure and the volatility inherent in the construction equipment market. Investors should monitor the current ratio closely, as any disruption in the ability to roll over floorplan financing could lead to a rapid deterioration in the firm's operational stability.
Based on an analysis of ALTG's financial reporting, the most commonly misapplied metric is Adjusted EBITDA, which frequently obscures the company's true cash-generating ability by excluding significant interest expenses and integration costs that are, in practice, recurring features of the current business model.
Relying on Adjusted EBITDA ignores the reality of the company's debt-servicing requirements and the capital intensity of its rental fleet. A more appropriate metric for this business model would be Free Cash Flow after interest and maintenance CapEx, which provides a clearer view of the actual cash available to shareholders.
Includes 30+ ratios · 10 years · Updated daily
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Quick answers to the most common questions about buying ALTG stock.
Alta Equipment Group Inc.'s current P/E ratio is -2.4x. The historical average is 67.3x.
Alta Equipment Group Inc.'s current EV/EBITDA is 26.0x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 10.4x.
Alta Equipment Group Inc.'s return on equity (ROE) is -233.4%. The historical average is -43.6%.
Based on historical data, Alta Equipment Group Inc. is trading at a P/E of -2.4x. Compare with industry peers and growth rates for a complete picture.
Alta Equipment Group Inc.'s current dividend yield is 1.50%.
Alta Equipment Group Inc. has 25.9% gross margin and 1.3% operating margin.
Alta Equipment Group Inc.'s Debt/EBITDA ratio is 22.5x, indicating high leverage. A ratio above 4x may signal elevated financial risk.