Latest Ratios: P/E Ratio -22.6x · EV/EBITDA 31.6x · ROE -5.4%. (2019–2026 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $206M | $118M | $144M | $101M | $120M | $176M | $368M | — | — |
| Enterprise Value | $217M | $129M | $154M | $106M | $127M | $206M | $333M | — | — |
| P/E Ratio → | -22.62 | — | — | — | — | — | 20.04 | — | — |
| P/S Ratio | 1.08 | 0.62 | 0.65 | 0.50 | 0.63 | 0.71 | 1.33 | — | — |
| P/B Ratio | 1.25 | 0.71 | 0.81 | 0.57 | 0.62 | 0.86 | 1.31 | — | — |
| P/FCF | 48.37 | 27.75 | — | 5.52 | 4.62 | — | 12.56 | — | — |
| P/OCF | 32.70 | 18.76 | 105.82 | 4.14 | 3.89 | — | 11.17 | — | — |
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 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.68 | 0.69 | 0.53 | 0.67 | 0.83 | 1.21 | — | — |
| EV / EBITDA | 31.65 | 18.83 | 11.71 | 29.50 | 32.97 | 7.27 | 7.70 | — | — |
| EV / EBIT | — | — | — | — | — | 18.15 | 14.19 | — | — |
| EV / FCF | — | 30.31 | — | 5.78 | 4.92 | — | 11.39 | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 44.7% | 44.7% | 44.6% | 44.0% | 46.1% | 46.2% | 45.8% | 42.4% | 47.1% |
| Operating Margin | -2.9% | -2.9% | -0.1% | -6.2% | -6.6% | 4.6% | 8.5% | 50.8% | -7.9% |
| Net Profit Margin | -4.8% | -4.8% | -0.0% | -6.1% | -6.3% | -26.2% | 6.7% | -57.5% | -5.4% |
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|---|
| ROE | -5.4% | -5.4% | -0.0% | -6.6% | -6.1% | -26.9% | 7.3% | -35.1% | -2.9% |
| ROA | -3.9% | -3.9% | -0.0% | -5.1% | -4.6% | -21.0% | 6.2% | -31.9% | -2.7% |
| ROIC | -2.3% | -2.3% | -0.1% | -4.9% | -4.4% | 3.5% | 7.4% | 23.1% | -3.3% |
| ROCE | -2.7% | -2.7% | -0.1% | -5.8% | -5.4% | 4.1% | 8.8% | 30.3% | -4.2% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.20 | 0.20 | 0.19 | 0.19 | 0.15 | 0.24 | 0.09 | 0.02 | — |
| Debt / EBITDA | 4.71 | 4.71 | 2.54 | 9.61 | 7.67 | 1.75 | 0.61 | 0.04 | — |
| Net Debt / Equity | — | 0.07 | 0.06 | 0.03 | 0.04 | 0.15 | -0.12 | 0.02 | -0.00 |
| Net Debt / EBITDA | 1.59 | 1.59 | 0.75 | 1.37 | 1.98 | 1.06 | -0.79 | 0.04 | -0.01 |
| Debt / FCF | — | 2.56 | — | 0.27 | 0.30 | — | -1.17 | 0.60 | -0.15 |
| Interest Coverage | -20.17 | -20.17 | — | — | -16.63 | 34.96 | — | — | — |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 5.44 | 5.44 | 4.66 | 5.29 | 6.85 | 6.66 | 4.95 | 4.78 | 4.51 |
| Quick Ratio | 2.37 | 2.37 | 1.82 | 2.11 | 2.52 | 2.15 | 2.90 | 1.98 | 1.49 |
| Cash Ratio | 0.72 | 0.72 | 0.64 | 1.01 | 0.95 | 0.72 | 1.67 | 0.01 | 0.01 |
| Asset Turnover | — | 0.84 | 0.90 | 0.84 | 0.78 | 0.89 | 0.81 | 0.67 | 0.50 |
| Inventory Turnover | 1.15 | 1.15 | 1.18 | 1.21 | 1.03 | 1.10 | 2.02 | 1.61 | 1.54 |
| Days Sales Outstanding | — | 56.30 | 64.82 | 47.10 | 53.63 | 44.40 | 49.65 | 76.76 | 55.61 |
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 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | — | 5.0% | — | — |
| FCF Yield | 2.1% | 3.6% | — | 18.1% | 21.6% | — | 8.0% | — | — |
| Buyback Yield | 2.5% | 4.3% | 2.7% | 5.9% | 3.0% | 8.6% | 0.0% | — | — |
| Total Shareholder Yield | 2.5% | 4.3% | 2.7% | 5.9% | 3.0% | 8.6% | 0.0% | — | — |
| Shares Outstanding | — | $13M | $13M | $13M | $13M | $14M | $14M | $14M | $14M |
Includes 30+ ratios · 8 years · Updated daily
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Quick answers to the most common questions about buying AOUT stock.
American Outdoor Brands, Inc.'s current P/E ratio is -22.6x. The historical average is 20.0x.
American Outdoor Brands, Inc.'s current EV/EBITDA is 31.6x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 18.0x.
American Outdoor Brands, Inc.'s return on equity (ROE) is -5.4%. The historical average is -9.5%.
Based on historical data, American Outdoor Brands, Inc. is trading at a P/E of -22.6x. Compare with industry peers and growth rates for a complete picture.
American Outdoor Brands, Inc. has 44.7% gross margin and -2.9% operating margin.
American Outdoor Brands, Inc.'s Debt/EBITDA ratio is 4.7x, indicating high leverage. A ratio above 4x may signal elevated financial risk.
Key Metrics
Top Statement Risk
Cyclical demand and destocking
Metrics are mathematically derived from official filings.
Distressed Pricing Reflects Growth Uncertainty
Based on current market data, AOUT trades at a P/S ratio of 0.77, which, when coupled with a negative TTM P/E of -15.89, suggests that investors are heavily discounting the company's future earnings potential amidst a broader contraction in the outdoor leisure equipment sector.
The forward P/E of 80.00 implies that the market expects a significant, albeit difficult, recovery in profitability that is not currently supported by recent operational performance. This valuation profile indicates that AOUT is being priced as a distressed cyclical asset rather than a growth-oriented platform, leaving little room for error in its upcoming quarterly execution.
Capital Efficiency Deteriorating Under Pressure
According to historical financial statements, AOUT's ROIC has trended into negative territory, reaching -1.6% in 2026Q4, which highlights the company's inability to generate positive returns on its invested capital as the 'Dock & Unlock' acquisition strategy faces significant headwinds in the current macro environment.
The consistent decay in ROIC from positive levels in 2025Q2 suggests that the capital deployed for acquisitions is failing to produce the expected synergies. Investors should monitor whether management continues to allocate capital toward new acquisitions, as further investment at these return levels may continue to erode shareholder value.
Working Capital Bloat Strains Liquidity
As reported in recent quarterly filings, AOUT's cash conversion cycle has ballooned to 372 days in 2026Q4, driven primarily by a massive 360-day inventory turnover period, which indicates severe inefficiencies in managing stock levels relative to the current pace of retail sell-through.
The extreme duration of the CCC suggests that the company is holding significant quantities of slow-moving inventory, which ties up cash and increases the risk of future obsolescence charges. This inefficiency is a structural drag on the business model, as the company lacks the inventory velocity required to support its high-margin aspirations.
Conservative Balance Sheet Provides Buffer
Based on the latest balance sheet data, AOUT maintains a debt-to-equity ratio of 0.20, which, as noted in recent financial disclosures, provides a critical margin of safety that allows the company to navigate its current operational losses without immediate risk of insolvency or debt-service distress.
While the low leverage is a positive, it also reflects a lack of aggressive capital deployment, which may be a prudent choice given the current negative operating margins. The company's ability to maintain this conservative posture is essential, as it provides the necessary runway to clear excess channel inventory without the pressure of interest obligations.
Misapplied Focus on P/E Multiples
Investors frequently misapply the P/E ratio to AOUT, a metric that obscures the company's true earning power by failing to account for the significant non-cash charges and acquisition-related amortization that currently distort the bottom line in the wake of the 'Dock & Unlock' strategy.
Because AOUT is in a phase of aggressive brand integration, the P/E ratio is a poor proxy for operational health; analysts should instead focus on adjusted EBITDA or free cash flow to better understand the underlying cash-generating capability of the core brand lanes. Relying on P/E in this context risks misinterpreting accounting noise as a permanent impairment of the business model.