Latest Ratios: P/E Ratio -32.0x · EV/EBITDA 11.3x · ROE -3.9%. (2015–2025 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 | $1.9B | $2.6B | $2.6B | $5.0B | $2.7B | $1.2B | $208M | $170M | $770M | $640M | $643M |
| Enterprise Value | $1.6B | $2.3B | $2.1B | $4.7B | $2.4B | $1.5B | $651M | $607M | $1.1B | $870M | $864M |
| P/E Ratio → | -32.01 | — | 14.01 | 6.87 | 1.84 | 3.99 | — | — | 2.57 | 4.14 | — |
| P/S Ratio | 0.91 | 1.22 | 0.88 | 1.43 | 0.65 | 0.51 | 0.15 | 0.09 | 0.38 | 0.39 | 0.70 |
| P/B Ratio | 1.28 | 1.68 | 1.58 | 3.15 | 1.87 | 2.11 | 1.04 | 0.24 | 0.72 | 6.90 | 17.27 |
| P/FCF | 108.76 | 146.16 | 6.86 | 8.19 | 2.02 | 12.57 | — | — | 11.62 | 2.87 | 7.75 |
| P/OCF | 13.34 | 17.92 | 4.51 | 5.83 | 1.80 | 6.59 | 1.61 | 1.29 | 4.86 | 2.09 | 4.56 |
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 | — | 1.06 | 0.72 | 1.36 | 0.58 | 0.67 | 0.46 | 0.30 | 0.55 | 0.53 | 0.94 |
| EV / EBITDA | 11.30 | 16.03 | 5.32 | 4.55 | 1.39 | 3.15 | — | 4.16 | 4.08 | 3.05 | 7.36 |
| EV / EBIT | — | — | 9.96 | 5.52 | 1.51 | 4.20 | — | — | 6.38 | 6.14 | — |
| EV / FCF | — | 126.88 | 5.61 | 7.77 | 1.80 | 16.58 | — | — | 16.97 | 3.91 | 10.41 |
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 | 0.1% | 0.1% | 11.2% | 27.9% | 41.2% | 20.3% | -1.0% | 6.0% | 14.7% | 13.2% | -0.2% |
| Operating Margin | -2.9% | -2.9% | 7.7% | 24.9% | 38.5% | 15.9% | -12.1% | -8.4% | 9.5% | 11.0% | -5.5% |
| Net Profit Margin | -2.9% | -2.9% | 6.3% | 20.8% | 35.3% | 12.8% | -31.6% | -15.8% | 14.7% | 9.4% | -8.5% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -3.9% | -3.9% | 11.6% | 48.1% | 146.6% | 77.3% | -99.7% | -35.8% | 51.4% | 238.0% | -12.5% |
| ROA | -2.6% | -2.6% | 7.7% | 30.6% | 69.5% | 16.3% | -22.4% | -12.5% | 16.7% | 17.3% | -5.9% |
| ROIC | -3.9% | -3.9% | 13.7% | 52.7% | 115.5% | 34.6% | -14.4% | -9.9% | 16.6% | 46.8% | -5.2% |
| ROCE | -2.9% | -2.9% | 10.6% | 43.1% | 91.1% | 24.1% | -10.0% | -7.7% | 13.0% | 27.5% | -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 | 0.02 | 0.02 | 0.00 | 0.01 | 0.01 | 0.82 | 2.91 | 0.93 | 0.55 | 4.02 | 9.38 |
| Debt / EBITDA | 0.17 | 0.17 | 0.01 | 0.01 | 0.01 | 0.93 | — | 4.45 | 2.13 | 1.31 | 2.97 |
| Net Debt / Equity | — | -0.22 | -0.29 | -0.16 | -0.20 | 0.67 | 2.22 | 0.63 | 0.33 | 2.49 | 5.94 |
| Net Debt / EBITDA | -2.43 | -2.43 | -1.18 | -0.25 | -0.17 | 0.76 | — | 2.99 | 1.28 | 0.81 | 1.88 |
| Debt / FCF | — | -19.27 | -1.25 | -0.43 | -0.22 | 4.01 | — | — | 5.35 | 1.04 | 2.67 |
| Interest Coverage | -27.97 | -27.97 | 56.30 | 123.12 | 72.31 | 5.19 | -2.27 | -3.04 | 4.54 | 3.94 | — |
Net cash position: cash ($366M) exceeds total debt ($23M)
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 | 4.47 | 4.47 | 4.13 | 3.38 | 2.77 | 2.53 | 1.97 | 2.26 | 2.34 | 1.91 | 1.95 |
| Quick Ratio | 3.53 | 3.53 | 3.45 | 2.64 | 2.27 | 2.09 | 1.55 | 1.74 | 1.99 | 1.63 | 1.60 |
| Cash Ratio | 2.02 | 2.02 | 1.92 | 0.87 | 0.86 | 0.27 | 0.54 | 0.68 | 0.66 | 0.59 | 0.59 |
| Asset Turnover | — | 0.93 | 1.21 | 1.44 | 1.77 | 1.22 | 0.84 | 0.87 | 0.74 | 1.97 | 0.97 |
| Inventory Turnover | 11.02 | 11.02 | 15.51 | 10.81 | 12.03 | 13.92 | 13.24 | 11.56 | 14.21 | 20.59 | 12.19 |
| Days Sales Outstanding | — | 47.76 | 44.70 | 53.59 | 36.24 | 79.06 | 57.60 | 44.62 | 52.58 | 28.17 | 67.43 |
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 | 0.0% | 0.0% | 0.1% | 2.3% | 0.5% | — | — | — | — | 15.8% | — |
| Payout Ratio | — | — | 1.6% | 15.7% | 0.9% | — | — | — | — | 65.2% | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | 7.1% | 14.5% | 54.3% | 25.1% | — | — | 38.9% | 24.2% | — |
| FCF Yield | 0.9% | 0.7% | 14.6% | 12.2% | 49.5% | 8.0% | — | — | 8.6% | 34.8% | 12.9% |
| Buyback Yield | 2.3% | 1.7% | 4.7% | 10.9% | 19.6% | 0.1% | 0.1% | 22.1% | 2.6% | 7.8% | 0.0% |
| Total Shareholder Yield | 2.4% | 1.8% | 4.8% | 13.2% | 20.1% | 0.1% | 0.1% | 22.1% | 2.6% | 23.6% | 0.0% |
| Shares Outstanding | — | $13M | $13M | $15M | $18M | $19M | $18M | $19M | $12M | $11M | $10M |
Cyclical Commodity Price Exposure
As reported in recent financial filings, AMR trades at a TTM P/E of -34.79, reflecting the market's struggle to price a business currently operating at negative margins while simultaneously discounting the long-term strategic value of its metallurgical coal assets relative to historical valuation norms.
The forward P/E of 41.29 suggests that investors are pricing in a significant recovery in earnings, which appears highly speculative given the current contraction in global steel demand. The valuation gap between the current negative earnings and the forward expectations warrants caution, as it implies a reliance on a rapid commodity price rebound that may not materialize in the near term.
Based on recent quarterly data, AMR's ROIC has deteriorated to -0.6% in 2026Q1, a sharp reversal from the 12.4% levels observed in 2023Q4, indicating that the company is currently failing to generate returns above its cost of capital during this period of industry-wide margin compression.
The collapse in ROIC is primarily driven by the erosion of operating margins, which have fallen into negative territory as realized coal prices fail to cover the high fixed costs of underground mining. This trend suggests that the company's capital allocation efficiency is currently hampered by the cyclical nature of its core metallurgical coal business.
According to recent quarterly reports, AMR's asset turnover has declined to 0.23x in 2026Q1 from 0.40x in 2023Q4, signaling that the company is struggling to maintain historical levels of operational throughput as the metallurgical coal market faces persistent demand headwinds and logistical constraints.
The cash conversion cycle has lengthened to 71 days, reflecting potential bottlenecks in inventory management or delays in export logistics. Investors should monitor whether these inefficiencies are structural or merely a temporary byproduct of the current inventory build-up at the DTA terminal.
As indicated by the latest financial statements, AMR maintains a current ratio of 3.67, providing a substantial liquidity cushion that appears sufficient to navigate the current period of negative operating cash flow without immediate recourse to external financing or debt markets.
The high quick ratio of 2.81 suggests that the company is well-positioned to meet its short-term obligations even if inventory liquidation slows further. This liquidity profile is a critical defensive feature, allowing the firm to absorb operational losses while waiting for a potential recovery in global steelmaking demand.
The P/E ratio is frequently misapplied to AMR, as it obscures the extreme volatility of metallurgical coal prices and the impact of non-cash charges, making it a poor indicator of the company's true earning power throughout the commodity cycle.
Investors should instead focus on EV/EBITDA or price-to-free-cash-flow metrics, which better account for the company's capital-intensive nature and the cyclicality of its cash generation. Relying on P/E during a trough in the commodity cycle often leads to misleading conclusions about the company's long-term viability and valuation.
Includes 30+ ratios · 11 years · Updated daily
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Quick answers to the most common questions about buying AMR stock.
Alpha Metallurgical Resources, Inc.'s current P/E ratio is -32.0x. The historical average is 5.6x.
Alpha Metallurgical Resources, Inc.'s current EV/EBITDA is 11.3x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 5.5x.
Alpha Metallurgical Resources, Inc.'s return on equity (ROE) is -3.9%. The historical average is 35.2%.
Based on historical data, Alpha Metallurgical Resources, Inc. is trading at a P/E of -32.0x. Compare with industry peers and growth rates for a complete picture.
Alpha Metallurgical Resources, Inc.'s current dividend yield is 0.02%.
Alpha Metallurgical Resources, Inc. has 0.1% gross margin and -2.9% operating margin.
Alpha Metallurgical Resources, Inc.'s Debt/EBITDA ratio is 0.2x, indicating low leverage. A ratio below 2x is generally considered financially healthy.