Latest Ratios: P/E Ratio -2.9x · EV/EBITDA N/A · ROE -13.0%. (2019–2025 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 |
|---|---|---|---|---|---|---|---|---|
| Market Cap | $370M | $463M | $351M | $538M | $627M | $568M | — | — |
| Enterprise Value | $390M | $484M | $349M | $765M | $652M | $565M | — | — |
| P/E Ratio → | -2.94 | — | — | — | 54.55 | — | — | — |
| P/S Ratio | 1.45 | 1.82 | 1.70 | 2.18 | 8.16 | 7.50 | — | — |
| P/B Ratio | 0.41 | 0.53 | 0.36 | 0.69 | 35.13 | 7.47 | — | — |
| P/FCF | — | — | — | — | 93.58 | 40.46 | — | — |
| P/OCF | — | — | — | — | 91.45 | 39.30 | — | — |
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 |
|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.90 | 1.69 | 3.10 | 8.48 | 7.46 | — | — |
| EV / EBITDA | — | — | — | — | 638.55 | 57.50 | — | — |
| EV / EBIT | — | — | — | — | — | 120.05 | — | — |
| EV / FCF | — | — | — | — | 97.28 | 40.22 | — | — |
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 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 25.6% | 25.6% | 17.9% | 15.7% | 33.4% | 37.4% | 23.4% | 29.1% |
| Operating Margin | -29.0% | -29.0% | -42.0% | -40.2% | -1.7% | 10.3% | -10.1% | -8.6% |
| Net Profit Margin | -46.9% | -46.9% | -49.8% | -67.1% | -7.7% | 5.2% | -9.3% | -10.0% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| ROE | -13.0% | -13.0% | -11.8% | -41.4% | -12.5% | 4.9% | -7.8% | -7.4% |
| ROA | -9.8% | -9.8% | -8.2% | -24.4% | -5.2% | 3.1% | -5.5% | -5.3% |
| ROIC | -5.6% | -5.6% | -6.3% | -13.9% | -1.4% | 6.2% | -5.6% | -4.2% |
| ROCE | -6.5% | -6.5% | -7.4% | -15.9% | -1.8% | 8.7% | -7.3% | -5.4% |
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 |
|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.07 | 0.07 | 0.06 | 0.31 | 1.79 | 0.19 | 0.15 | 0.15 |
| Debt / EBITDA | — | — | — | — | 31.24 | 1.44 | 8.65 | 5.94 |
| Net Debt / Equity | — | 0.02 | -0.00 | 0.29 | 1.39 | -0.04 | 0.01 | 0.04 |
| Net Debt / EBITDA | — | — | — | — | 24.26 | -0.35 | 0.84 | 1.47 |
| Debt / FCF | — | — | — | — | 3.70 | -0.24 | 0.41 | — |
| Interest Coverage | -301.97 | -301.97 | -7.82 | -21.19 | -11.81 | 11.85 | -4.06 | -2.96 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.73 | 1.73 | 1.83 | 2.15 | 1.63 | 1.22 | 2.24 | 2.36 |
| Quick Ratio | 1.73 | 1.73 | 1.83 | 2.15 | 1.63 | 1.22 | 2.24 | 2.36 |
| Cash Ratio | 0.67 | 0.67 | 0.84 | 0.18 | 0.34 | 0.32 | 0.50 | 0.54 |
| Asset Turnover | — | 0.22 | 0.16 | 0.19 | 0.84 | 0.57 | 0.58 | 0.53 |
| 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 |
|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | 217.9% | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | 1.8% | — | — | — |
| FCF Yield | — | — | — | — | 1.1% | 2.5% | — | — |
| Buyback Yield | 0.0% | — | — | — | — | — | — | — |
| Total Shareholder Yield | 0.0% | — | — | — | — | — | — | — |
| Shares Outstanding | — | $100M | $80M | $61M | $57M | $57M | $57M | $57M |
Persistent negative operating margins
According to current market data, ALTI trades at a price-to-sales multiple of 1.43, which appears to reflect speculative growth expectations rather than the firm's underlying negative earnings, as evidenced by the TTM P/E ratio of -2.89 and the absence of a meaningful PEG ratio.
The forward P/E of 12.68 suggests that the market is pricing in a rapid transition to profitability that remains unsupported by the firm's historical operating performance. Investors should monitor whether this valuation premium is justified by future performance fee realizations or if it represents an overestimation of the firm's ability to scale its UHNW advisory model.
Based on reported figures, ALTI's ROIC has remained consistently negative over the last ten quarters, bottoming at -2.7% in 2024Q4, which indicates that the firm is currently destroying rather than compounding capital as it attempts to integrate its global multi-family office and merchant banking operations.
The persistent negative ROIC suggests that the firm's invested capital is not yet generating returns above its cost of capital, a trend that warrants further investigation into the efficiency of its recent acquisitions. Without a clear path to positive returns, the firm's strategy of inorganic growth may continue to dilute shareholder value.
As reported in financial statements, ALTI's asset turnover remains exceptionally low at 0.06 in 2026Q1, highlighting a structural inefficiency in how the firm utilizes its asset base to generate revenue compared to more established peers in the asset management sector.
The significant fluctuations in DSO, which reached 61 days in 2026Q1, suggest that the firm faces challenges in managing its receivables cycle, likely due to the bespoke and transactional nature of its merchant banking fees. This lack of working capital efficiency complicates the firm's ability to maintain a stable liquidity profile.
Based on quarterly data, ALTI's current ratio has exhibited extreme volatility, swinging from 0.82 in 2025Q3 to 11.66 in 2026Q1, which suggests that the firm's short-term liquidity position is highly sensitive to the timing of client settlements and capital infusions rather than steady operational cash flow.
While the 2026Q1 liquidity spike appears favorable, it may be an outlier driven by non-recurring events rather than a sustainable improvement in the firm's cash position. Investors should monitor whether this liquidity can be maintained under stress, especially given the firm's history of negative operating cash flows.
The most commonly misapplied metric for ALTI is total AUM, which obscures the firm's true earning power by failing to distinguish between high-margin fee-paying assets and lower-margin advisory-only assets, as well as ignoring the volatility of performance-based revenue streams inherent in the merchant banking segment.
Analysts often use AUM to gauge scale, but for a hybrid firm like ALTI, this metric can be misleading because it does not account for the high direct costs and compensation expenses required to service UHNW clients. A more appropriate focus would be on the 'Co-investment Capture Rate' or net new fee-paying assets to better assess the firm's actual revenue-generating potential.
Includes 30+ ratios · 7 years · Updated daily
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Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying ALTI stock.
AlTi Global, Inc.'s current P/E ratio is -2.9x. The historical average is 54.5x.
AlTi Global, Inc.'s return on equity (ROE) is -13.0%. The historical average is -12.7%.
Based on historical data, AlTi Global, Inc. is trading at a P/E of -2.9x. Compare with industry peers and growth rates for a complete picture.
AlTi Global, Inc. has 25.6% gross margin and -29.0% operating margin.