Latest Ratios: P/E Ratio -1.1x · EV/EBITDA N/A · ROE -48.7%. (1995–2025 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 | $17M | $10M | $15M | $23M | $21M | $29M | $18M | $12M | $13M | $19M | $34M |
| Enterprise Value | $16M | $9M | $4M | $9M | $-4904149 | $-3901320 | $19M | $11M | $12M | $16M | $30M |
| P/E Ratio → | -1.13 | — | — | — | — | — | — | — | — | — | — |
| P/S Ratio | 15.81 | 9.17 | 8.76 | 30.59 | 23.60 | 87.54 | 37.06 | 97.24 | 146.38 | 7.98 | 12.90 |
| P/B Ratio | 0.71 | 0.44 | 0.42 | 0.51 | 0.39 | 0.48 | 28.94 | 4.56 | 3.15 | 1.11 | 1.20 |
| P/FCF | — | — | — | — | — | — | — | — | — | — | — |
| P/OCF | — | — | — | — | — | — | — | — | — | — | — |
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 | — | 8.77 | 2.67 | 12.45 | -5.64 | -11.68 | 38.40 | 84.74 | 139.97 | 7.04 | 11.25 |
| EV / EBITDA | — | — | — | — | — | — | — | — | — | — | — |
| EV / EBIT | — | — | — | — | — | — | — | — | — | — | — |
| 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 | -64.9% | -64.9% | 45.1% | 40.8% | 22.1% | 10.8% | 8.0% | 29.1% | 58.1% | 44.5% | 12.7% |
| Operating Margin | -1404.6% | -1404.6% | -798.1% | -1474.7% | -989.1% | -2368.3% | -1662.7% | -6627.6% | -15508.1% | -518.0% | -518.1% |
| Net Profit Margin | -1320.3% | -1320.3% | -701.1% | -1285.6% | -958.6% | -2276.3% | -1703.1% | -5932.3% | -15408.1% | -497.5% | -490.3% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -48.7% | -48.7% | -29.3% | -19.7% | -14.6% | -24.6% | -498.7% | -224.9% | -127.6% | -51.0% | -37.2% |
| ROA | -42.9% | -42.9% | -27.3% | -18.6% | -13.7% | -21.2% | -172.7% | -170.6% | -110.5% | -46.9% | -35.0% |
| ROIC | -47.7% | -47.7% | -35.7% | -28.1% | -23.1% | -40.4% | -507.1% | -276.9% | -111.0% | -46.6% | -32.6% |
| ROCE | -49.4% | -49.4% | -33.1% | -22.4% | -15.0% | -25.1% | -366.0% | -239.3% | -125.8% | -52.7% | -39.2% |
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 | 0.12 | 0.12 | 0.01 | 0.01 | 0.02 | 0.05 | 6.41 | — | — | — | — |
| Debt / EBITDA | — | — | — | — | — | — | — | — | — | — | — |
| Net Debt / Equity | — | -0.02 | -0.29 | -0.30 | -0.48 | -0.54 | 1.05 | -0.59 | -0.14 | -0.13 | -0.15 |
| Net Debt / EBITDA | — | — | — | — | — | — | — | — | — | — | — |
| Debt / FCF | — | — | — | — | — | — | — | — | — | — | — |
| Interest Coverage | — | — | — | — | -32.43 | -31.48 | -41.19 | — | — | — | — |
Net cash position: cash ($3M) exceeds total debt ($3M)
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 | 8.97 | 8.97 | 13.74 | 16.78 | 20.49 | 15.46 | 1.07 | 3.25 | 4.45 | 7.55 | 12.73 |
| Quick Ratio | 7.77 | 7.77 | 12.76 | 16.03 | 19.92 | 15.11 | 0.92 | 2.85 | 4.45 | 7.46 | 12.46 |
| Cash Ratio | 7.43 | 7.43 | 12.63 | 15.81 | 19.62 | 15.03 | 0.77 | 1.89 | 4.27 | 7.23 | 11.95 |
| Asset Turnover | — | 0.04 | 0.04 | 0.02 | 0.02 | 0.01 | 0.08 | 0.03 | 0.02 | 0.12 | 0.09 |
| Inventory Turnover | 0.59 | 0.59 | 0.37 | 0.22 | 0.45 | 0.20 | 0.66 | 0.27 | 5.14 | 7.79 | 4.70 |
| Days Sales Outstanding | — | 168.76 | 16.89 | 109.50 | 24.36 | 5.46 | 396.41 | 1241.57 | 50.93 | 22.89 | 82.95 |
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 | 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 | — | — | — | — | — | — | — | — | — | — | — |
| FCF Yield | — | — | — | — | — | — | — | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.5% | 0.0% | 0.0% | 0.0% | 0.0% | 0.1% | 7.0% | 0.5% |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.5% | 0.0% | 0.0% | 0.0% | 0.0% | 0.1% | 7.0% | 0.5% |
| Shares Outstanding | — | $2M | $2M | $2M | $2M | $732799 | $211533 | $164666 | $135366 | $136133 | $135919 |
Capital exhaustion and dilution
Based on reported figures, ASTC trades at a price-to-sales multiple of 15.61, which appears disconnected from the company's contracting revenue base and negative margins, suggesting that market participants are pricing the equity as a high-risk option on future intellectual property licensing rather than current operational performance.
The absence of positive EBITDA or earnings multiples renders traditional valuation metrics ineffective for assessing the company's intrinsic value. Investors should monitor whether the current premium reflects genuine commercial potential or merely speculative interest in the company's miniaturized mass spectrometry technology platform.
As reported in recent financial statements, ASTC's return on invested capital has remained consistently negative, reaching -17.9% in 2026Q3, which indicates that the company is currently destroying shareholder value rather than compounding it through its ongoing research and development initiatives.
The sustained negative ROIC suggests that the capital deployed into the business is failing to generate returns that exceed the cost of funding. This trend warrants further investigation into whether the company's R&D investments will ever reach a commercialization threshold capable of reversing this long-term decay.
According to historical data, the company's cash conversion cycle has been highly volatile, peaking at 735 days in 2026Q2, which reveals significant challenges in managing inventory and receivables within a business model that lacks a repeatable, high-volume sales process for its specialized hardware.
The extremely high days inventory outstanding suggests that specialized components are sitting idle for extended periods, potentially leading to obsolescence risks. This inefficiency forces the company to tie up precious cash in working capital, further exacerbating the liquidity pressures inherent in its current operating model.
Based on the latest quarterly filings, ASTC's current ratio of 6.17 masks a precarious cash position, as the company's rapid cash burn rate of over $3 million per quarter suggests that its remaining liquid assets may be insufficient to sustain operations through the next fiscal year.
While the current ratio appears high, it is heavily influenced by inventory levels that may not be easily liquidated at book value. Investors should monitor the company's ability to secure additional financing, as the current liquidity profile appears increasingly vulnerable to further operational delays.
The price-to-sales ratio is the most commonly misapplied metric for ASTC, as it obscures the company's lack of recurring revenue and negative gross margins, providing a false sense of scale for a business that is essentially a pre-revenue venture-stage entity in the industrial sector.
Using P/S to value ASTC ignores the fact that each sale is a bespoke, project-based event rather than a predictable revenue stream. A more appropriate focus would be the cash burn rate relative to the remaining cash runway, which provides a clearer picture of the company's survival risk.
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying ASTC stock.
Astrotech Corporation's current P/E ratio is -1.1x. The historical average is 26.2x.
Astrotech Corporation's return on equity (ROE) is -48.7%. The historical average is -57.9%.
Based on historical data, Astrotech Corporation is trading at a P/E of -1.1x. Compare with industry peers and growth rates for a complete picture.
Astrotech Corporation has -64.9% gross margin and -1404.6% operating margin.