Latest Ratios: P/E Ratio -23.8x · EV/EBITDA 148.8x · ROE N/A. (2020–2025 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 |
|---|---|---|---|---|---|---|---|
| Market Cap | $791M | $826M | $554M | $558M | $512M | $497M | $511M |
| Enterprise Value | $1.0B | $827M | $808M | $674M | $510M | $498M | $510M |
| P/E Ratio → | -23.79 | 22.50 | — | 60.38 | 16.13 | 498.48 | 354.90 |
| P/S Ratio | 7.07 | — | 4.95 | 8.40 | 11.45 | 22.01 | 417.45 |
| P/B Ratio | 1.35 | — | 1.31 | 3.40 | 18.18 | 648.28 | 342.18 |
| P/FCF | — | — | — | — | 48.21 | 445.43 | 786.37 |
| P/OCF | — | — | — | — | 47.86 | 370.24 | 786.37 |
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 |
|---|---|---|---|---|---|---|---|
| EV / Revenue | — | — | 7.22 | 10.15 | 11.41 | 22.05 | 416.06 |
| EV / EBITDA | 148.79 | 7.70 | 115.07 | 24.48 | 15.15 | 514.37 | 769.68 |
| EV / EBIT | — | — | — | 33.10 | 14.66 | 498.79 | 769.68 |
| EV / FCF | — | — | — | — | 48.05 | 446.28 | 783.75 |
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 |
|---|---|---|---|---|---|---|---|
| Gross Margin | — | — | 89.8% | 90.2% | 86.8% | 37.1% | 58.0% |
| Operating Margin | — | — | -0.8% | 36.3% | 75.3% | 4.1% | 110.3% |
| Net Profit Margin | — | — | -21.4% | 14.3% | 70.9% | 4.4% | 54.1% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| ROE | — | — | -8.2% | 9.9% | 219.1% | 88.2% | 44.3% |
| ROA | 8.4% | 8.4% | -4.0% | 4.9% | 104.0% | 35.7% | 17.7% |
| ROIC | 52.3% | 52.3% | -0.1% | 11.8% | 179.4% | 93.2% | — |
| ROCE | 22.0% | 22.0% | -0.2% | 13.2% | 114.8% | 42.4% | 37.7% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Debt / Equity | — | — | 0.91 | 0.86 | 1.01 | 1.37 | 0.10 |
| Debt / EBITDA | — | — | 54.96 | 5.15 | 0.84 | 1.09 | 0.23 |
| Net Debt / Equity | — | — | 0.60 | 0.71 | -0.06 | 1.24 | -1.14 |
| Net Debt / EBITDA | 0.00 | 0.00 | 36.17 | 4.22 | -0.05 | 0.98 | -2.57 |
| Debt / FCF | — | — | — | — | -0.16 | 0.85 | -2.62 |
| Interest Coverage | 2.29 | 2.29 | -0.06 | 2.06 | 813.16 | — | — |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Current Ratio | -0.39 | -0.39 | 2.55 | 1.36 | 25.55 | 0.20 | 12.37 |
| Quick Ratio | -0.39 | -0.39 | 2.55 | 1.36 | 25.55 | 0.20 | 12.37 |
| Cash Ratio | -0.13 | -0.13 | 2.11 | 1.19 | 23.07 | 0.10 | 11.53 |
| Asset Turnover | — | — | 0.13 | 0.20 | 0.76 | 12.28 | 0.33 |
| 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 |
|---|---|---|---|---|---|---|---|
| Dividend Yield | — | 0.0% | — | — | 0.1% | 0.1% | 0.1% |
| Payout Ratio | — | — | — | — | 2.1% | 35.9% | 49.5% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Earnings Yield | — | 4.4% | — | 1.7% | 6.2% | 0.2% | 0.3% |
| FCF Yield | — | — | — | — | 2.1% | 0.2% | 0.1% |
| Buyback Yield | 1.4% | 5.3% | 1.9% | 4.4% | 1.3% | 0.0% | 0.0% |
| Total Shareholder Yield | 1.4% | 5.3% | 1.9% | 4.4% | 1.4% | 0.1% | 0.1% |
| Shares Outstanding | — | $97M | $71M | $58M | $50M | $50M | $50M |
Liquidity and solvency crisis
Based on reported figures, ABL's P/B ratio of 1.35 appears disconnected from the company's recent equity erosion, suggesting that market participants may be mispricing the firm's residual value in light of the severe 2025Q4 asset contraction and the total cessation of traditional revenue growth.
The current valuation multiple warrants extreme caution as it likely fails to account for the potential impairment of the underlying life settlement portfolio. Investors should monitor whether the forward P/E of 8.11 reflects a realistic earnings recovery or merely an optimistic projection that ignores the company's recent history of volatile, non-cash fair value adjustments.
As reported in financial statements, the combined ratio exhibited extreme variance, swinging from a 52.4% efficiency in 2025Q1 to a 150.5% underwriting loss in 2024Q4, which indicates that the firm's core business model is highly susceptible to unpredictable shifts in mortality and operational expense management.
The inability to maintain a consistent combined ratio below the 100% threshold suggests that the company's underwriting precision may be compromised by external factors or internal modeling errors. This inconsistency implies that the firm's profitability is not yet structurally sound, making it difficult to rely on underwriting as a predictable source of long-term capital generation.
According to quarterly data, ABL's ROE has fluctuated between a negative 5.4% and a modest 4.1%, illustrating that the company's profitability is currently strained and lacks the stability required to support a sustainable return on equity for shareholders in the current operating environment.
The disconnect between accounting net income and actual cash flow suggests that reported ROE is heavily influenced by non-cash fair value adjustments rather than genuine operational success. Investors should investigate whether the firm can achieve positive, cash-backed returns without relying on the volatile revaluation of its life insurance policy assets.
As indicated by the company's reported figures, the combined ratio is the most commonly misapplied metric for ABL, as it fails to account for the massive cash burden of premium carry payments required to maintain the life settlement portfolio, thereby obscuring the firm's true liquidity position.
Analysts should prioritize cash-based metrics, such as the net cash flow from operations adjusted for premium obligations, over the combined ratio. Relying on traditional underwriting KPIs in a fair-value-heavy business model may lead to a dangerous underestimation of the liquidity risks inherent in the company's current capital structure.
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Quick answers to the most common questions about buying ABL stock.
Abacus Global Management, Inc.'s current P/E ratio is -23.8x. The historical average is 33.0x.
Abacus Global Management, Inc.'s current EV/EBITDA is 148.8x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 15.8x.
Based on historical data, Abacus Global Management, Inc. is trading at a P/E of -23.8x. Compare with industry peers and growth rates for a complete picture.