Latest Ratios: P/E Ratio -4.7x · EV/EBITDA N/A · ROE -70.8%. (2013–2025 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 | $286M | $130M | $64M | $34M | $29M | $1.0B | $22M | $7M | $12M | $6M | $24M |
| Enterprise Value | $286M | $131M | $64M | $38M | $503373 | $994M | $22M | $7M | $13M | $7M | $24M |
| P/E Ratio → | -4.69 | — | — | — | — | — | — | — | — | — | — |
| P/S Ratio | 66.59 | 30.33 | 186.47 | — | — | — | — | — | — | — | — |
| P/B Ratio | 3.09 | 1.84 | 1.04 | 0.55 | 0.59 | 51.78 | — | — | — | — | — |
| 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 | — | 30.46 | 185.02 | — | — | — | — | — | — | — | — |
| 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 | -246.5% | -246.5% | -862.1% | — | — | — | — | — | — | — | — |
| Operating Margin | -979.5% | -979.5% | -10921.6% | — | — | — | — | — | — | — | — |
| Net Profit Margin | -1090.0% | -1090.0% | -15284.4% | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -70.8% | -70.8% | -85.8% | -40.2% | -97.1% | -576.0% | — | — | — | — | — |
| ROA | -57.7% | -57.7% | -68.9% | -34.8% | -90.5% | -372.5% | -6660.3% | -6289.6% | -3265.6% | -3547.4% | -54802.9% |
| ROIC | -47.7% | -47.7% | -44.8% | -39.3% | -182.9% | -4459.0% | — | — | — | — | — |
| ROCE | -63.4% | -63.4% | -61.1% | -40.5% | -96.9% | -509.6% | — | — | — | — | — |
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 | 0.11 | 0.11 | 0.11 | 0.10 | 0.01 | — | — | — | — | — | — |
| Debt / EBITDA | — | — | — | — | — | — | — | — | — | — | — |
| Net Debt / Equity | — | 0.01 | -0.01 | 0.06 | -0.58 | -0.66 | — | — | — | — | — |
| Net Debt / EBITDA | — | — | — | — | — | — | — | — | — | — | — |
| Debt / FCF | — | — | — | — | — | — | — | — | — | — | — |
| Interest Coverage | -2403.87 | -2403.87 | -331.13 | -171.61 | -999999.00 | -12.93 | -6.56 | — | — | -4.42 | -33.35 |
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 | 2.16 | 2.16 | 1.17 | 0.35 | 9.79 | 7.76 | 0.18 | 0.01 | 0.11 | 0.05 | 0.29 |
| Quick Ratio | 2.13 | 2.13 | 1.16 | 0.34 | 9.79 | 7.76 | 0.18 | 0.01 | 0.11 | 0.05 | 0.29 |
| Cash Ratio | 0.55 | 0.55 | 0.44 | 0.17 | 9.50 | 7.05 | 0.14 | 0.00 | 0.04 | 0.01 | 0.29 |
| Asset Turnover | — | 0.05 | 0.00 | — | — | — | — | — | — | — | — |
| Inventory Turnover | 36.42 | 36.42 | 21.41 | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | 337.66 | 1092.72 | — | — | — | — | — | — | — | — |
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 | — | — | — | — | 0.4% | — | — | — | — | — | — |
| 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% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.4% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Shares Outstanding | — | $80M | $51M | $3M | $3M | $33M | $17M | $8M | $5M | $4M | $3M |
Capital structure dilution risk
Based on reported figures, ABAT trades at a price-to-sales multiple of 66.59, which suggests that market participants are pricing in aggressive future capacity expansion rather than current commercial performance, significantly outpacing the valuation multiples typically observed in more established industrial materials or lithium development peers.
The current P/S ratio reflects a high-growth expectation that remains disconnected from the company's nascent revenue base and negative earnings profile. Investors should monitor whether this valuation premium can be sustained as the company transitions from R&D to commercial-scale production, as any delay in operational milestones may trigger a significant downward re-rating.
According to recent quarterly filings, ABAT's ROIC has remained consistently negative, reaching -34.6% in 2026Q3, which indicates that the company is currently destroying shareholder value as it deploys significant capital into unproven hydrometallurgical infrastructure before achieving the necessary scale to generate positive operating returns.
The persistent negative ROIC trend highlights the difficulty of scaling a capital-intensive recycling process where fixed costs currently dwarf the value of recovered materials. This suggests that the company's primary challenge is not just technical execution, but achieving a cost structure that allows for positive returns on the substantial capital invested to date.
As reported in financial statements, the company's asset turnover ratio remains extremely low at 0.06 in 2026Q3, underscoring the significant lag between the deployment of capital into property, plant, and equipment and the generation of meaningful revenue from its recycling and extraction operations.
The erratic nature of the cash conversion cycle, which has fluctuated significantly across recent quarters, suggests that ABAT is still struggling to optimize its supply chain and inventory management. This inefficiency appears to be a structural byproduct of an early-stage industrial ramp where feedstock procurement and processing throughput remain highly unpredictable.
Based on the company's reported figures, the current ratio of 8.12 in 2026Q3 provides a superficial appearance of liquidity, yet this is largely driven by recent capital raises rather than operational cash generation, leaving the firm vulnerable to rapid depletion if the facility ramp-up continues to underperform.
While the high current ratio suggests the company has sufficient short-term assets to cover immediate liabilities, the underlying cash burn rate indicates that this liquidity is not a permanent feature of the business model. Investors should monitor the cash-to-burn ratio closely, as the current trajectory suggests a high probability of further equity dilution to sustain operations.
Market participants often over-rely on revenue growth as a primary indicator of success for ABAT, which obscures the more critical reality that the company's gross margins remain highly sensitive to volatile lithium spot prices and the unproven efficiency of its proprietary hydrometallurgical recycling process.
Focusing on top-line growth in an early-stage industrial firm can be misleading, as it ignores the high variable costs associated with feedstock procurement and chemical processing. A more appropriate metric for evaluating this business model would be the 'recovery yield per ton' or 'unit processing cost,' which would provide a clearer picture of the company's path to sustainable profitability.
Includes 30+ ratios · 13 years · Updated daily
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Quick answers to the most common questions about buying ABAT stock.
American Battery Technology Company Common Stock's current P/E ratio is -4.7x. This places it at the 50th percentile of its historical range.
American Battery Technology Company Common Stock's return on equity (ROE) is -70.8%. The historical average is -73.5%.
Based on historical data, American Battery Technology Company Common Stock is trading at a P/E of -4.7x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
American Battery Technology Company Common Stock has -246.5% gross margin and -979.5% operating margin.