Latest Ratios: P/E Ratio -0.0x · EV/EBITDA N/A · ROE -540.9%. (1998–2025 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 | $620479 | $11M | $229M | $996M | $1.7B | $6.6B | $100M | $954M | $404M | $1.0B | $575M |
| Enterprise Value | $-1049521 | $9M | $224M | $986M | $1.7B | $6.6B | $100M | $952M | $397M | $1.0B | $571M |
| P/E Ratio → | -0.04 | — | — | — | — | — | — | — | 0.16 | 3.17 | — |
| P/S Ratio | — | — | — | — | — | — | — | — | — | — | — |
| P/B Ratio | — | — | 68.86 | 13.21 | 10.37 | 44.47 | 0.68 | 6.42 | 42.04 | 17.36 | 46.67 |
| 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 | — | — | — | — | — | — | — | — | — | — | — |
| EV / EBITDA | — | — | — | — | — | — | — | — | 3.21 | — | — |
| EV / EBIT | — | — | — | — | — | — | — | — | 3.21 | — | — |
| 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 | — | — | — | — | — | — | — | — | — | — | — |
| Operating Margin | — | — | — | — | — | — | — | — | — | — | — |
| Net Profit Margin | — | — | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -540.9% | -540.9% | -191.4% | -86.9% | -10.8% | -10.8% | -3.6% | -3.3% | 357.6% | 45.3% | -69.4% |
| ROA | -135.3% | -135.3% | -140.9% | -71.2% | -9.1% | -9.1% | -3.1% | -2.9% | 354.0% | 44.9% | -65.7% |
| ROIC | -436.5% | -436.5% | -34.8% | -10.3% | -7.5% | -6.3% | -3.0% | -2.6% | -4.8% | -73.8% | -83.8% |
| ROCE | -246.2% | -246.2% | -35.7% | -11.4% | -8.5% | -7.3% | -3.5% | -3.0% | -6.4% | -98.4% | -111.7% |
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 | — | — | 0.01 | — | — | 0.00 | 0.03 | 0.02 | 0.02 | 0.00 | — |
| Debt / EBITDA | — | — | — | — | — | — | — | — | 0.00 | — | — |
| Net Debt / Equity | — | — | -1.50 | -0.14 | -0.14 | -0.02 | 0.00 | -0.02 | -0.76 | 0.00 | -0.38 |
| Net Debt / EBITDA | — | — | — | — | — | — | — | — | -0.06 | — | — |
| Debt / FCF | — | — | — | — | — | — | — | — | — | — | — |
| Interest Coverage | -2259.33 | -2259.33 | -570.41 | -13583.67 | -343.58 | -83.14 | -10.69 | -38.00 | 5156.88 | -64.26 | -1244.31 |
Net cash position: cash ($2M) exceeds total debt ($0)
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 | 2.02 | 2.02 | 2.67 | 7.33 | 31.71 | 1.54 | 1.48 | 3.65 | 50.44 | 542.23 | 16.32 |
| Quick Ratio | 2.02 | 2.02 | 2.67 | 7.33 | 31.71 | 1.54 | 1.48 | 3.65 | 50.44 | 542.23 | 16.32 |
| Cash Ratio | 1.52 | 1.52 | 1.75 | 5.65 | 29.82 | 0.86 | 1.23 | 3.44 | 49.80 | 1.46 | 15.64 |
| Asset Turnover | — | — | — | — | — | — | — | — | — | — | — |
| 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 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 | — | — | — | — | — | — | — | — | 611.9% | 31.6% | — |
| FCF Yield | — | — | — | — | — | — | — | — | — | — | — |
| Buyback Yield | 0.0% | — | — | — | — | — | — | — | — | — | — |
| Total Shareholder Yield | 0.0% | — | — | — | — | — | — | — | — | — | — |
| Shares Outstanding | — | $1M | $20M | $16M | $13M | $12M | $547600 | $5M | $3M | $3M | $2M |
Capital structure dilution risk
As reported in financial statements, ATON's ROIC has consistently remained in negative territory, reaching a low of -93.6% in 2025Q2, which underscores the fundamental inability of the current treasury-focused business model to generate positive returns on the capital deployed since the company's strategic pivot.
The deeply negative ROIC figures suggest that the firm is currently destroying shareholder value rather than compounding it. This trend appears structural, as the lack of operational revenue fails to offset the high fixed costs associated with maintaining a public listing.
According to recent SEC filings, ATON's current ratio has fluctuated significantly, dropping to 0.88 in 2026Q2 from a peak of 4.13 in 2024Q1, indicating that the company's ability to meet short-term obligations is increasingly compromised by the rapid depletion of its cash reserves.
A current ratio below 1.0 suggests that the company may struggle to cover its immediate liabilities without further external financing. Investors should monitor this metric closely, as it serves as a primary indicator of the firm's proximity to a potential liquidity crisis.
Based on reported figures, ATON has maintained minimal debt levels, with a D/E ratio of 0.04 in 2025Q2, yet the lack of positive EBITDA renders traditional interest coverage metrics effectively meaningless, highlighting the company's reliance on equity rather than debt to fund its operations.
While the low debt load might appear conservative, it reflects a lack of access to institutional credit markets rather than financial strength. The absence of meaningful interest coverage suggests that any future attempt to leverage the balance sheet could introduce significant solvency risks.
As indicated by the company's financial history, the use of P/E or EV/EBITDA ratios is fundamentally misapplied to ATON, as these metrics obscure the reality that the firm currently lacks the operational revenue and earnings necessary to support a traditional valuation framework.
Analysts should instead focus on the Premium or Discount to Net Asset Value (NAV) to assess the company's worth. Relying on earnings-based multiples in a pre-revenue, treasury-focused model risks providing a false sense of valuation precision where none exists.
Includes 30+ ratios · 28 years · Updated daily
DCF models, multiple analysis, and analyst estimates.
10-year return with dividends reinvested.
See how regular investing compounds over time.
Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying ATON stock.
AlphaTON Capital Corp.'s current P/E ratio is -0.0x. The historical average is 1.7x.
AlphaTON Capital Corp.'s return on equity (ROE) is -540.9%. The historical average is -65.5%.
Based on historical data, AlphaTON Capital Corp. is trading at a P/E of -0.0x. Compare with industry peers and growth rates for a complete picture.