Latest Ratios: P/E Ratio -30.4x · EV/EBITDA N/A · ROE -3.5%. (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 | $312M | $233M | $427M | $392M | $362M | — |
| Enterprise Value | $291M | $211M | $399M | $392M | $361M | — |
| P/E Ratio → | -30.40 | — | 1.98 | 315.88 | 177.29 | — |
| P/S Ratio | — | — | — | — | — | — |
| P/B Ratio | 1.01 | 0.87 | 1.69 | — | 1.27 | — |
| 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 |
|---|---|---|---|---|---|---|
| EV / Revenue | — | — | — | — | — | — |
| 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 |
|---|---|---|---|---|---|---|
| Gross Margin | — | — | — | — | — | — |
| Operating Margin | — | — | — | — | — | — |
| Net Profit Margin | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| ROE | -3.5% | -3.5% | 175.2% | -8.2% | -1.0% | -0.8% |
| ROA | -2.5% | -2.5% | 116.5% | -7.7% | -0.9% | -0.8% |
| ROIC | -4.3% | -4.3% | -45.3% | -6.2% | -0.7% | — |
| ROCE | -3.9% | -3.9% | -36.6% | -7.9% | -1.0% | -0.8% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Debt / Equity | 0.00 | 0.00 | 0.00 | — | — | — |
| Debt / EBITDA | — | — | — | — | — | — |
| Net Debt / Equity | — | -0.08 | -0.11 | — | -0.00 | -0.01 |
| Net Debt / EBITDA | — | — | — | — | — | — |
| Debt / FCF | — | — | — | — | — | — |
| Interest Coverage | — | — | — | — | — | — |
Net cash position: cash ($22M) exceeds total debt ($124000)
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Current Ratio | 10.52 | 10.52 | 7.83 | 0.08 | 0.87 | 1.86 |
| Quick Ratio | 10.52 | 10.52 | 7.83 | 0.08 | 0.87 | 1.86 |
| Cash Ratio | 9.65 | 9.65 | 6.97 | 0.06 | 0.71 | 1.66 |
| 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 |
|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Earnings Yield | — | — | 50.6% | 0.3% | 0.6% | — |
| FCF Yield | — | — | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — |
| Shares Outstanding | — | $59M | $54M | $37M | $36M | $36M |
Pre-revenue commercialization execution risk
As reported in financial statements, AIRJ's ROIC has remained consistently negative, bottoming at -16.3% in 2024Q1, which underscores the company's current inability to generate productive returns on invested capital while it continues to prioritize heavy R&D spending over immediate commercial profitability or operational efficiency.
The persistent negative ROIC suggests that the capital deployed into the business is currently being consumed by the development of MOF-based technology rather than generating economic value. Investors should monitor whether the company can achieve a positive inflection point as it moves toward commercial-scale deployment, as the current trend indicates a significant gap between capital investment and operational output.
Based on recent SEC filings, AIRJ's current ratio has exhibited extreme volatility, peaking at 23.23 in 2026Q1, yet this figure is largely a function of the company's limited operational scale and reliance on cash reserves rather than a reflection of robust working capital management.
While the high current ratio might appear to suggest a strong liquidity position, it is misleading for a pre-revenue entity that lacks significant inventory or receivables. The rapid fluctuations in liquidity ratios indicate that the company's financial health is highly sensitive to the timing of capital raises and the ongoing burn rate required to sustain its research initiatives.
According to historical balance sheets, AIRJ has maintained a debt-to-equity ratio of 0.00 over the last ten quarters, which suggests that the company has avoided traditional debt financing in favor of equity-based capital structures to fund its early-stage industrial technology development.
The absence of debt is a common characteristic of pre-revenue firms that lack the cash flow stability required to service interest payments. However, this reliance on equity financing implies that future capital requirements will likely result in further dilution for existing shareholders, warranting close attention to the company's cash runway.
As indicated by the company's financial statements, the use of P/E or EV/EBITDA multiples is fundamentally inappropriate for AIRJ, as the company lacks the positive earnings and EBITDA necessary to provide a meaningful valuation benchmark for its current stage of development.
Investors frequently misapply these traditional metrics to pre-revenue industrial firms, which obscures the reality that the company's valuation is currently driven by speculative option value on its intellectual property. A more appropriate analytical framework would focus on milestone-based valuation or the potential total addressable market for its HVAC efficiency technology rather than historical earnings multiples.
Includes 30+ ratios · 5 years · Updated daily
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Quick answers to the most common questions about buying AIRJ stock.
AirJoule Technologies Corporation's current P/E ratio is -30.4x. The historical average is 89.6x.
AirJoule Technologies Corporation's return on equity (ROE) is -3.5%. The historical average is 32.4%.
Based on historical data, AirJoule Technologies Corporation is trading at a P/E of -30.4x. Compare with industry peers and growth rates for a complete picture.