Latest Ratios: P/E Ratio -0.8x · EV/EBITDA N/A · ROE -47.7%. (2021–2025 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 |
|---|---|---|---|---|---|---|
| Market Cap | $13M | $68M | $190M | — | — | — |
| Enterprise Value | $138M | $193M | $300M | — | — | — |
| P/E Ratio → | -0.77 | — | 24.84 | — | — | — |
| P/S Ratio | 0.07 | 0.36 | 1.14 | — | — | — |
| P/B Ratio | 0.47 | 2.70 | 4.84 | — | — | — |
| P/FCF | — | — | — | — | — | — |
| P/OCF | 8.83 | 46.36 | 62.43 | — | — | — |
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 |
|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.01 | 1.79 | — | — | — |
| EV / EBITDA | — | — | 29.53 | — | — | — |
| EV / EBIT | — | — | 28.44 | — | — | — |
| 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 |
|---|---|---|---|---|---|---|
| Gross Margin | -1.6% | -1.6% | 10.8% | 18.9% | 11.1% | 18.1% |
| Operating Margin | -9.3% | -9.3% | 4.9% | 13.3% | 4.0% | 5.7% |
| Net Profit Margin | -8.1% | -8.1% | 4.5% | 10.3% | 3.5% | 4.5% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| ROE | -47.7% | -47.7% | 23.1% | 77.6% | 21.9% | 5.4% |
| ROA | -9.1% | -9.1% | 5.8% | 18.6% | 5.7% | 4.5% |
| ROIC | -8.9% | -8.9% | 5.6% | 21.0% | 5.2% | 6.7% |
| ROCE | -13.7% | -13.7% | 8.2% | 32.8% | 8.5% | 6.6% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Debt / Equity | 5.35 | 5.35 | 3.00 | 1.99 | 4.78 | 0.03 |
| Debt / EBITDA | — | — | 11.60 | 2.62 | 16.41 | 0.37 |
| Net Debt / Equity | — | 4.99 | 2.80 | 1.73 | 4.57 | -0.24 |
| Net Debt / EBITDA | — | — | 10.82 | 2.27 | 15.68 | -2.57 |
| Debt / FCF | — | — | — | 4.38 | — | — |
| Interest Coverage | -22.67 | -22.67 | 71.43 | 320.15 | 76.99 | 47.10 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Current Ratio | 0.82 | 0.82 | 1.15 | 1.23 | 0.79 | 4.55 |
| Quick Ratio | 0.82 | 0.82 | 1.15 | 1.23 | 0.79 | 4.25 |
| Cash Ratio | 0.20 | 0.20 | 0.24 | 0.27 | 0.14 | 1.60 |
| Asset Turnover | — | 1.12 | 1.00 | 1.52 | 0.92 | 1.01 |
| Inventory Turnover | — | — | — | — | — | 19.71 |
| Days Sales Outstanding | — | 42.57 | 59.77 | 53.64 | 62.02 | 125.13 |
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 |
|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Earnings Yield | — | — | 4.0% | — | — | — |
| FCF Yield | — | — | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | — | — | — |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | — | — | — |
| Shares Outstanding | — | $42M | $40M | $42M | $42M | $42M |
Liquidity and solvency pressure
According to recent market data, BTOC trades at a P/S multiple of 0.07, a figure that suggests investors are heavily discounting the company's revenue base due to persistent negative margins and the absence of a clear path to profitability in the current logistics environment.
The extremely low P/S ratio indicates that the market assigns little value to the company's top-line growth, likely viewing it as a byproduct of loss-leading pricing strategies. Investors should monitor whether this valuation floor holds as the company continues to burn cash, as the lack of positive earnings makes traditional P/E or EV/EBITDA metrics effectively meaningless for assessing intrinsic value.
Based on reported financial statements, BTOC's ROIC has trended into negative territory, reaching -2.2% in 2026Q3, which indicates that the company is currently destroying shareholder capital rather than compounding it through its asset-heavy logistics operations in the Southern California corridor.
The consistent decline in returns on invested capital suggests that the firm's heavy reliance on fixed warehouse assets is failing to generate sufficient throughput to cover operating costs. This trend warrants further investigation into whether the company's capital allocation strategy is fundamentally flawed or if it is merely suffering from temporary cyclical headwinds in trans-Pacific trade volumes.
As reported in recent filings, the company's asset turnover ratio has remained stagnant at approximately 0.28, a metric that highlights the structural difficulty of achieving operational efficiency within an asset-heavy model that lacks the scale of larger, more diversified logistics competitors.
The inability to improve asset turnover suggests that the company's warehouse footprint is significantly underutilized, creating a drag on overall efficiency. Investors should monitor the DSO trends, which have fluctuated between 37 and 64 days, as this volatility in receivables collection may further exacerbate the company's already precarious cash position.
According to the company's balance sheet data, the debt-to-equity ratio has surged to 8.97 as of 2026Q3, a significant increase from 3.00 in 2024Q4, which indicates that the firm is becoming increasingly reliant on debt to fund its ongoing operational deficits.
This rapid escalation in leverage suggests that the company's financial flexibility is narrowing, leaving it vulnerable to interest rate fluctuations and potential covenant breaches. The negative interest coverage ratio further implies that the company is currently unable to service its debt obligations from core operating income, necessitating a potential reliance on external financing.
Data from recent financial reports suggests that the P/S ratio is the most commonly misapplied metric for BTOC, as it masks the company's negative gross margins and fails to account for the high fixed-cost nature of its warehouse-centric business model.
Relying on revenue multiples can lead to a dangerous overestimation of the company's value, as it ignores the fact that each additional dollar of revenue may currently be contributing to further losses. Analysts should instead focus on gross margin per square foot or unit-level profitability to determine if the business model can ever achieve sustainable, positive cash flow.
Includes 30+ ratios · 5 years · Updated daily
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Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying BTOC stock.
Armlogi Holding Corp. common stock's current P/E ratio is -0.8x. The historical average is 24.8x.
Armlogi Holding Corp. common stock's return on equity (ROE) is -47.7%. The historical average is 16.0%.
Based on historical data, Armlogi Holding Corp. common stock is trading at a P/E of -0.8x. Compare with industry peers and growth rates for a complete picture.
Armlogi Holding Corp. common stock has -1.6% gross margin and -9.3% operating margin.