Latest Ratios: P/E Ratio 47.3x · EV/EBITDA 16.5x · ROE N/A. (2008–2025 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 | $80M | $77M | $150M | $638M | $1.2B | $1.4B | $1.6B | $2.5B | $3.1B | $4.2B | $4.2B |
| Enterprise Value | $246M | $243M | $354M | $825M | $1.4B | $1.6B | $1.8B | $2.7B | $3.3B | $4.5B | $4.5B |
| P/E Ratio → | 47.27 | 46.33 | — | — | — | 121.30 | — | — | — | 13.55 | 145.70 |
| P/S Ratio | 0.47 | 0.45 | 0.94 | 4.40 | 7.94 | 8.08 | 4.40 | 3.81 | 3.66 | 4.44 | 4.18 |
| P/B Ratio | — | — | — | — | — | — | — | — | 10.35 | 12.32 | 67.08 |
| P/FCF | — | — | — | — | — | — | — | 55.54 | 47.63 | 75.35 | 40.29 |
| P/OCF | — | — | — | — | — | — | — | 52.97 | 44.91 | 63.36 | 32.90 |
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 | — | 1.42 | 2.21 | 5.69 | 9.25 | 8.94 | 4.96 | 4.18 | 3.99 | 4.77 | 4.51 |
| EV / EBITDA | 16.46 | 16.25 | 32.68 | — | — | 31.30 | — | 40.22 | 3.80 | 4.66 | 4.51 |
| EV / EBIT | 30.96 | — | 58.93 | — | — | 53.47 | — | 80.07 | 120.96 | 77.94 | 65.41 |
| EV / FCF | — | — | — | — | — | — | — | 60.84 | 51.87 | 80.82 | 43.42 |
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 | 28.6% | 28.6% | 30.9% | 20.4% | 14.2% | 4.0% | 16.5% | 24.0% | 25.8% | 25.7% | 30.8% |
| Operating Margin | 4.6% | 4.6% | 2.0% | -11.6% | -21.7% | 16.2% | -12.1% | 2.8% | 5.1% | 5.3% | 6.5% |
| Net Profit Margin | 0.9% | 0.9% | -22.3% | -38.8% | -34.9% | 6.6% | -18.4% | -47.5% | -0.6% | 32.8% | 2.9% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | — | — | — | — | — | — | — | -223.7% | -1.7% | 153.6% | 50.1% |
| ROA | 1.1% | 1.1% | -23.9% | -32.2% | -23.6% | 4.5% | -20.6% | -54.7% | -0.7% | 39.7% | 4.0% |
| ROIC | 11.5% | 11.5% | 4.4% | -17.6% | -30.1% | 21.1% | -19.8% | 3.5% | 5.3% | 7.2% | 12.3% |
| ROCE | 158.5% | 158.5% | — | -12.2% | -18.5% | 14.6% | -18.0% | 3.9% | 6.1% | 7.7% | 11.4% |
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 | — | — | — | — | — | — | — | — | 1.12 | 1.20 | 7.61 |
| Debt / EBITDA | 12.88 | 12.88 | 21.58 | — | — | 4.94 | — | 4.74 | 0.38 | 0.42 | 0.47 |
| Net Debt / Equity | — | — | — | — | — | — | — | — | 0.92 | 0.89 | 5.21 |
| Net Debt / EBITDA | 11.10 | 11.10 | 18.83 | — | — | 3.01 | — | 3.51 | 0.31 | 0.32 | 0.33 |
| Debt / FCF | — | — | — | — | — | — | — | 5.31 | 4.24 | 5.48 | 3.13 |
| Interest Coverage | -0.16 | -0.16 | 0.15 | -0.45 | -1.86 | 2.05 | -2.25 | 1.58 | 1.05 | 2.59 | 2.82 |
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 | 25.55 | 25.55 | 0.19 | 1.55 | 2.18 | 2.52 | 1.40 | 2.10 | 1.93 | 2.48 | 2.19 |
| Quick Ratio | 25.55 | 25.55 | 0.19 | 1.55 | 2.18 | 2.52 | 1.40 | 2.10 | 1.93 | 2.41 | 2.14 |
| Cash Ratio | 12.52 | 12.52 | 0.11 | 0.91 | 1.27 | 1.79 | 0.81 | 1.43 | 1.29 | 1.68 | 1.40 |
| Asset Turnover | — | 1.22 | 1.12 | 0.94 | 0.79 | 0.69 | 1.38 | 1.68 | 1.13 | 1.09 | 1.45 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | 88.61 | 99.73 |
| 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 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 2.1% | 2.2% | — | — | — | 0.8% | — | — | — | 7.4% | 0.7% |
| FCF Yield | — | — | — | — | — | — | — | 1.8% | 2.1% | 1.3% | 2.5% |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.8% | 1.3% | 0.9% | 0.9% |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.8% | 1.3% | 0.9% | 0.9% |
| Shares Outstanding | — | $11M | $29M | $22M | $16M | $16M | $16M | $16M | $17M | $19M | $20M |
Insolvency and liquidity constraints
According to current market data, Altisource trades at a P/S multiple of 0.47, a valuation that appears to reflect deep investor skepticism regarding the company's ability to achieve sustainable profitability given the persistent volatility in its core distressed asset management and marketplace transaction volumes.
The elevated P/E ratio of 47.33 is largely an artifact of depressed earnings rather than a signal of high growth expectations, suggesting that the market is pricing the stock based on its potential for a cyclical turnaround rather than current fundamental performance. Investors should note that the lack of a forward P/E or PEG ratio indicates that analysts are unable to forecast reliable earnings, further complicating the valuation thesis for this business.
As reported in financial statements, the company's ROIC has struggled to maintain positive territory, fluctuating between -3.3% and 5.1% over the last ten quarters, which indicates a fundamental inability to generate returns that exceed the cost of capital in the current distressed mortgage environment.
The erratic nature of these returns suggests that the company's capital allocation is heavily influenced by non-recurring items and the ongoing restructuring of its service offerings. Without a consistent ability to generate positive ROIC, the firm remains reliant on external financing or asset liquidation to sustain its operations, which warrants significant caution from long-term investors.
Based on reported figures, the company's asset turnover has remained stagnant at approximately 0.30x, highlighting a persistent inefficiency in utilizing its asset base to drive revenue growth within the highly competitive and cyclical U.S. mortgage services market.
The variability in DSO, which has ranged from 16 to 33 days, suggests that the company faces inconsistent payment cycles from its client base, likely complicating cash flow management. This lack of efficiency in converting services into cash underscores the operational friction inherent in the firm's current business model.
According to recent SEC filings, the company's current ratio has shown extreme volatility, dropping to as low as 0.19 in late 2024, which indicates a severe and recurring risk to the firm's ability to meet its short-term obligations without significant external intervention.
The reliance on fluctuating working capital to maintain liquidity suggests that the company is operating with almost no margin for error. Any unexpected delay in the foreclosure cycle or a sudden increase in regulatory compliance costs could rapidly exhaust the firm's limited cash reserves, potentially leading to a liquidity crisis.
Investors frequently misapply SaaS-based valuation multiples to Altisource, failing to recognize that the company's revenue is driven by labor-intensive field services rather than high-margin, scalable software subscriptions, which significantly obscures the true nature of its cost structure and long-term margin potential.
By treating the company as a pure-play technology firm, market participants often overlook the physical and logistical constraints that prevent the business from achieving the operating leverage typical of software companies. A more appropriate analytical framework would involve evaluating the firm as a specialized logistics provider, where margins are inherently capped by the costs of third-party vendor management and property preservation.
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Quick answers to the most common questions about buying ASPS stock.
Altisource Portfolio Solutions S.A.'s current P/E ratio is 47.3x. The historical average is 106.5x. This places it at the 20th percentile of its historical range.
Altisource Portfolio Solutions S.A.'s current EV/EBITDA is 16.5x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 34.0x.
Based on historical data, Altisource Portfolio Solutions S.A. is trading at a P/E of 47.3x. This is at the 20th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Altisource Portfolio Solutions S.A. has 28.6% gross margin and 4.6% operating margin.
Altisource Portfolio Solutions S.A.'s Debt/EBITDA ratio is 12.9x, indicating high leverage. A ratio above 4x may signal elevated financial risk.