Latest Ratios: P/E Ratio 67.1x · EV/EBITDA 35.9x · ROE 9.3%. (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 2020 |
|---|---|---|---|---|
| Market Cap | $1.9B | $2.3B | — | $669M |
| Enterprise Value | $1.4B | $1.8B | — | $669M |
| P/E Ratio → | 67.13 | 65.93 | — | — |
| P/S Ratio | 4.48 | 5.41 | — | — |
| P/B Ratio | 4.82 | 4.74 | — | 2.00 |
| P/FCF | 23.04 | 27.80 | — | — |
| P/OCF | 22.05 | 26.60 | — | — |
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 2020 |
|---|---|---|---|---|
| EV / Revenue | — | 4.28 | — | — |
| EV / EBITDA | 35.90 | 45.78 | — | — |
| EV / EBIT | 42.64 | — | — | — |
| EV / FCF | — | 22.02 | — | — |
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 2020 |
|---|---|---|---|---|
| Gross Margin | 74.1% | 74.1% | 75.0% | — |
| Operating Margin | 7.9% | 7.9% | 2.2% | — |
| Net Profit Margin | 8.4% | 8.4% | -8.8% | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2020 |
|---|---|---|---|---|
| ROE | 9.3% | 9.3% | -9.6% | -1.3% |
| ROA | 5.4% | 5.4% | -6.7% | -1.2% |
| ROIC | 6.4% | 6.4% | 1.7% | -1.2% |
| ROCE | 8.1% | 8.1% | 2.2% | -1.6% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2020 |
|---|---|---|---|---|
| Debt / Equity | 0.02 | 0.02 | 0.04 | — |
| Debt / EBITDA | 0.25 | 0.25 | 0.79 | — |
| Net Debt / Equity | — | -0.98 | -1.03 | -0.00 |
| Net Debt / EBITDA | -12.01 | -12.01 | -22.38 | — |
| Debt / FCF | — | -5.78 | -3.27 | — |
| Interest Coverage | — | — | — | -3.30 |
Net cash position: cash ($481M) exceeds total debt ($10M)
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2020 |
|---|---|---|---|---|
| Current Ratio | 2.28 | 2.28 | 1.77 | 0.17 |
| Quick Ratio | 2.28 | 2.28 | 1.77 | 0.17 |
| Cash Ratio | 1.76 | 1.76 | 1.30 | 0.04 |
| Asset Turnover | — | 0.53 | 0.64 | — |
| Inventory Turnover | — | — | — | — |
| Days Sales Outstanding | — | — | — | — |
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 2020 |
|---|---|---|---|---|
| Dividend Yield | — | — | — | — |
| Payout Ratio | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2020 |
|---|---|---|---|---|
| Earnings Yield | 1.5% | 1.5% | — | — |
| FCF Yield | 4.3% | 3.6% | — | — |
| Buyback Yield | 2.6% | 2.2% | — | 0.0% |
| Total Shareholder Yield | 2.6% | 2.2% | — | 0.0% |
| Shares Outstanding | — | $229M | $184M | $45M |
Platform Ecosystem Dependency
According to recent market data, the company trades at a P/E of 67.00 and an EV/EBITDA of 35.80, suggesting that investors are pricing in significant future expansion rather than current earnings, a valuation stance that appears aggressive when compared to broader financial services sector averages.
The elevated P/E multiple indicates that the market is heavily discounting future growth, likely assuming that the company will successfully scale its SaaS model while maintaining its current 74% gross margin. Investors should monitor whether this valuation can be sustained if revenue growth decelerates or if operating margins fail to expand significantly from their current single-digit levels.
Based on reported figures, the company's ROIC has fluctuated between 0.8% and 6.0% over the last five quarters, indicating that the firm is still in the early stages of compounding returns on its invested capital as it prioritizes market share acquisition over immediate profitability.
The low ROIC relative to the company's cost of capital suggests that the business is currently consuming more value than it generates through its core operations. This trend warrants further investigation into whether the company can achieve higher capital efficiency as it matures and reduces its reliance on aggressive sales and marketing spend.
As reported in financial statements, the company maintains a debt-to-equity ratio of 0.03 as of 2026Q1, which provides a significant buffer against interest rate volatility and suggests that the firm is not currently reliant on external financing to fund its ongoing operational requirements.
This minimal leverage profile is a structural strength that distinguishes the company from more capital-intensive peers, allowing management to focus on organic growth without the burden of debt service. However, the lack of debt also means the company is not utilizing financial leverage to amplify returns on equity, which may be a strategic choice to preserve flexibility.
The P/E ratio is frequently misapplied to this business model because it fails to account for the heavy impact of stock-based compensation and the company's aggressive reinvestment strategy, which artificially depresses reported net income and obscures the underlying cash-generating potential of the SaaS platform.
Analysts should instead focus on EV/Sales or adjusted EBITDA metrics to better understand the company's true operational performance. Relying on P/E in this context may lead to an incorrect assessment of the company's valuation, as it ignores the significant non-cash expenses that are characteristic of high-growth software firms.
Includes 30+ ratios · 3 years · Updated daily
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Quick answers to the most common questions about buying APXT stock.
Apex Treasury Corporation Class A's current P/E ratio is 67.1x. The historical average is 65.9x. This places it at the 100th percentile of its historical range.
Apex Treasury Corporation Class A's current EV/EBITDA is 35.9x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 45.8x.
Apex Treasury Corporation Class A's return on equity (ROE) is 9.3%. The historical average is -0.5%.
Based on historical data, Apex Treasury Corporation Class A is trading at a P/E of 67.1x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Apex Treasury Corporation Class A has 74.1% gross margin and 7.9% operating margin.
Apex Treasury Corporation Class A's Debt/EBITDA ratio is 0.3x, indicating low leverage. A ratio below 2x is generally considered financially healthy.