Latest Ratios: P/E Ratio 61.5x · EV/EBITDA 14.5x · ROE 3.3%. (2022–2025 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 |
|---|---|---|---|---|---|
| Market Cap | $111M | $117M | $260M | $441M | $411M |
| Enterprise Value | $85M | $90M | $397M | $434M | $411M |
| P/E Ratio → | 61.54 | 65.07 | — | — | — |
| P/S Ratio | 4.45 | 4.67 | 182.80 | — | — |
| P/B Ratio | 1.88 | 1.99 | 5.22 | 362.78 | — |
| P/FCF | 35.34 | 37.09 | — | — | — |
| P/OCF | 10.96 | 11.51 | — | — | — |
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 |
|---|---|---|---|---|---|
| EV / Revenue | — | 3.61 | 279.47 | — | — |
| EV / EBITDA | 14.53 | 15.48 | — | — | — |
| EV / EBIT | 29.22 | 31.12 | — | — | — |
| EV / FCF | — | 28.66 | — | — | — |
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 |
|---|---|---|---|---|---|
| Gross Margin | 63.0% | 63.0% | 17.1% | — | — |
| Operating Margin | 11.6% | 11.6% | -1024.8% | — | — |
| Net Profit Margin | 7.2% | 7.2% | -869.3% | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| ROE | 3.3% | 3.3% | -48.4% | -424.6% | — |
| ROA | 1.9% | 1.9% | -21.1% | -20.9% | -20.8% |
| ROIC | 2.0% | 2.0% | -12.0% | — | — |
| ROCE | 3.5% | 3.5% | -25.8% | -24.8% | -16.1% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Debt / Equity | 0.03 | 0.03 | 3.33 | — | — |
| Debt / EBITDA | 0.31 | 0.31 | — | — | — |
| Net Debt / Equity | — | -0.45 | 2.76 | -5.56 | — |
| Net Debt / EBITDA | -4.55 | -4.55 | — | — | — |
| Debt / FCF | — | -8.42 | — | — | — |
| Interest Coverage | — | — | — | -49.57 | — |
Net cash position: cash ($28M) exceeds total debt ($2M)
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Current Ratio | 1.93 | 1.93 | 13.18 | 3.87 | 0.25 |
| Quick Ratio | 1.93 | 1.93 | 13.18 | 3.87 | 0.25 |
| Cash Ratio | 1.49 | 1.49 | 11.96 | 3.86 | 0.25 |
| Asset Turnover | — | 0.25 | 0.02 | — | — |
| Inventory Turnover | — | — | — | — | — |
| Days Sales Outstanding | — | 28.56 | 314.95 | — | — |
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 |
|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Earnings Yield | 1.6% | 1.5% | — | — | — |
| FCF Yield | 2.8% | 2.7% | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Shares Outstanding | — | $41M | $38M | $41M | $41M |
Italian Regulatory Policy Volatility
According to current market data, AleAnna trades at a P/S ratio of 4.64 and a P/E of 64.25, suggesting that investors are pricing in significant future production scaling rather than current earnings, which appears aggressive compared to the broader junior E&P peer group's valuation multiples.
The elevated P/E multiple indicates that the market is discounting substantial long-term growth from the RNG segment and conventional gas expansion. Investors should monitor whether this valuation premium is sustainable if the pace of permit conversion in Italy slows or if commodity price volatility compresses current margins.
Based on recent financial statements, AleAnna's ROIC has trended from negative territory to 9.6% in 2026Q1, demonstrating that the company is finally beginning to generate meaningful returns on its historical exploration investments as production volumes reach a critical mass in the Po Valley.
The shift toward positive ROIC suggests that the company's capital allocation is becoming more efficient as it transitions from a cash-burning explorer to a producer. However, the sustainability of these returns remains contingent on the company's ability to maintain high gross margins while managing the ongoing capital intensity of its Italian concessions.
As reported in quarterly filings, AleAnna's asset turnover remains low at 0.09, reflecting the heavy capital base required for onshore gas production, while the inconsistent DSO figures suggest that the company's cash conversion cycle is still maturing alongside its nascent production operations.
The low asset turnover is characteristic of the E&P sector, yet the volatility in working capital metrics warrants further investigation into the company's collection processes and supplier payment terms. Investors should watch for stabilization in these efficiency ratios as a sign of operational maturity.
Based on the provided balance sheet data, AleAnna maintains a current ratio of 1.85 and a debt-to-equity ratio of 0.00%, which provides a significant liquidity buffer that appears superior to many distressed junior peers operating in similarly complex regulatory environments.
This conservative capital structure offers the company substantial flexibility to navigate potential regulatory shocks or to fund future RNG infrastructure projects without immediate reliance on external financing. The lack of debt service obligations is a key differentiator that insulates the company from rising interest rate environments.
The P/E ratio is frequently misapplied to AleAnna, as it fails to account for the massive non-cash charges and exploration-related accounting distortions that characterize the company's current transition phase, making EV/EBITDA a more reliable metric for assessing its true operational earning power.
Using P/E in this context ignores the significant depreciation and depletion charges inherent in the E&P business model, which can artificially deflate earnings. Analysts should prioritize EV/EBITDA to better understand the company's cash-generating potential before accounting for the specific capital structure and non-recurring items.
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Quick answers to the most common questions about buying ANNA stock.
AleAnna, Inc.'s current P/E ratio is 61.5x. The historical average is 65.1x.
AleAnna, Inc.'s current EV/EBITDA is 14.5x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 15.5x.
AleAnna, Inc.'s return on equity (ROE) is 3.3%. The historical average is -156.6%.
Based on historical data, AleAnna, Inc. is trading at a P/E of 61.5x. Compare with industry peers and growth rates for a complete picture.
AleAnna, Inc. has 63.0% gross margin and 11.6% operating margin. Operating margin between 10-20% is typical for established companies.
AleAnna, Inc.'s Debt/EBITDA ratio is 0.3x, indicating low leverage. A ratio below 2x is generally considered financially healthy.