Latest Ratios: P/E Ratio -0.1x · EV/EBITDA N/A · ROE -58.4%. (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 | $120M | $64M | $52M | — | — | — | — |
| Enterprise Value | $129M | $73M | $58M | — | — | — | — |
| P/E Ratio → | -0.14 | — | — | — | — | — | — |
| P/S Ratio | 4.81 | 2.58 | 4.14 | — | — | — | — |
| P/B Ratio | 0.04 | 0.06 | 2.09 | — | — | — | — |
| P/FCF | — | — | 29.17 | — | — | — | — |
| P/OCF | — | — | 29.17 | — | — | — | — |
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 | — | 2.95 | 4.61 | — | — | — | — |
| EV / EBITDA | — | — | — | — | — | — | — |
| EV / EBIT | — | — | — | — | — | — | — |
| EV / FCF | — | — | 32.49 | — | — | — | — |
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 | 41.0% | 41.0% | 50.2% | — | — | 22.2% | 26.1% |
| Operating Margin | -92.0% | -92.0% | -60.3% | — | — | -8.0% | -26.6% |
| Net Profit Margin | -1386.9% | -1386.9% | -49.8% | — | — | -42.2% | -25.1% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| ROE | -58.4% | -58.4% | -58.1% | — | 476.5% | — | -359.2% |
| ROA | -52.9% | -52.9% | -12.4% | -23.9% | 35.5% | -85.5% | -34.9% |
| ROIC | -2.9% | -2.9% | -40.4% | -407.5% | -65.9% | -82.3% | -78.3% |
| ROCE | -3.8% | -3.8% | -28.0% | -112.1% | -33.8% | — | -239.6% |
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 | 0.01 | 0.01 | 0.53 | — | 3.32 | — | 2.80 |
| Debt / EBITDA | — | — | — | — | — | 7.01 | — |
| Net Debt / Equity | — | 0.01 | 0.24 | — | 3.30 | — | 2.64 |
| Net Debt / EBITDA | — | — | — | — | — | 6.27 | — |
| Debt / FCF | — | — | 3.32 | 0.48 | — | — | — |
| Interest Coverage | — | — | -9.56 | — | -6.44 | -2.93 | -16.71 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Current Ratio | 0.57 | 0.57 | 0.85 | 0.06 | 0.38 | 0.39 | 0.34 |
| Quick Ratio | 0.57 | 0.57 | 0.85 | 0.06 | 0.37 | 0.33 | 0.26 |
| Cash Ratio | 0.12 | 0.12 | 0.18 | 0.00 | 0.00 | 0.04 | 0.02 |
| Asset Turnover | — | 0.02 | 0.15 | — | — | 2.64 | 1.39 |
| Inventory Turnover | — | — | — | — | — | 28.22 | 15.36 |
| Days Sales Outstanding | — | 298.13 | 766.17 | — | — | 38.49 | 40.91 |
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 | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | — | — |
| FCF Yield | — | — | 3.4% | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | — | — | — | — |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | — | — | — | — |
| Shares Outstanding | — | $58M | $11M | $4M | $3M | $3M | $2M |
Liquidity and Solvency Constraints
According to recent market data, ALTS trades at a price-to-sales ratio of 4.81, which appears disconnected from its negative net margins and suggests that investors are pricing in speculative growth potential rather than the company's current inability to generate sustainable earnings or positive free cash flow.
The lack of a meaningful P/E ratio and the reliance on P/S multiples highlight the speculative nature of the current valuation. Investors should monitor whether the forward EV/EBITDA of 20.76 can be justified by future throughput, as current metrics suggest the market is ignoring the significant operational deficit.
As reported in financial statements, the company's net margin of -1386.90% underscores a severe lack of earning power, with gross margins fluctuating between 22.7% and 75.8% over the last ten quarters, indicating that core profitability remains highly sensitive to volatile transaction costs and external market conditions.
The extreme variance in gross margins suggests that the company lacks the pricing power or cost predictability required for a stable software-centric business model. The persistent operating losses imply that the current cost structure is fundamentally misaligned with the revenue generated from its digital asset trading and payment platforms.
Based on reported figures, ALTS has consistently generated negative returns on invested capital, with ROIC reaching -0.2% in 2026Q1, which suggests that the company is failing to compound capital and is instead eroding shareholder value through its ongoing operational and non-operating expenditures.
The negative ROIC trend over the past ten quarters indicates that management has been unable to deploy capital effectively within its pivot to blockchain infrastructure. This decay in returns warrants further investigation into whether the company's strategic shifts are creating any long-term economic value for shareholders.
According to quarterly filings, the company's asset turnover remains negligible at 0.00 in 2026Q1, while days sales outstanding have fluctuated significantly, peaking at 499 days, which implies substantial friction in converting transactional volume into actual cash receipts for the business.
The high DSO figures suggest that the company may be facing challenges in collecting fees from its counterparties, which exacerbates the existing liquidity strain. These inefficiencies in the cash conversion cycle indicate that the company's operational processes are not yet optimized for the high-velocity nature of digital asset markets.
As indicated by the most recent financial data, the current ratio of 0.82 in 2026Q1 highlights a precarious liquidity position, suggesting that the company lacks sufficient liquid assets to cover its short-term obligations without relying on external financing or further asset liquidation to maintain basic operations.
The consistent failure to maintain a current ratio above 1.0 indicates that ALTS is operating with a very thin margin for error. Investors should monitor the company's cash position closely, as the current burn rate may necessitate dilutive financing to avoid a potential liquidity crisis.
The most commonly misapplied metric for ALTS is the price-to-sales ratio, which obscures the company's underlying cash burn and the high cost of revenue associated with its OTC trading activities, leading to an overestimation of the firm's true economic value in the eyes of some market participants.
Analysts should instead focus on free cash flow and net cash burn, as these metrics provide a clearer picture of the company's operational sustainability. Relying on revenue multiples in a business model with such extreme margin volatility and high fixed costs can lead to a dangerous misunderstanding of the firm's solvency risk.
Includes 30+ ratios · 6 years · Updated daily
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Quick answers to the most common questions about buying ALTS stock.
ALT5 Sigma Corporation's current P/E ratio is -0.1x. This places it at the 50th percentile of its historical range.
ALT5 Sigma Corporation's return on equity (ROE) is -58.4%. The historical average is 0.2%.
Based on historical data, ALT5 Sigma Corporation is trading at a P/E of -0.1x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
ALT5 Sigma Corporation has 41.0% gross margin and -92.0% operating margin.