Latest Ratios: P/E Ratio 15.9x · EV/EBITDA 9.3x · ROE 5.7%. (1996–2025 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 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $54M | $47M | $59M | $63M | $51M | $81M | $156M | $45M | $52M | $60M | $59M |
| Enterprise Value | $45M | $38M | $50M | $47M | $37M | $67M | $136M | $42M | $45M | $51M | $49M |
| P/E Ratio → | 15.91 | 13.45 | 15.11 | 15.11 | 15.46 | 11.94 | 5.81 | 14.91 | 14.27 | 22.22 | 18.42 |
| P/S Ratio | 0.91 | 0.79 | 1.03 | 1.02 | 0.83 | 1.17 | 1.52 | 0.97 | 1.11 | 1.36 | 1.28 |
| P/B Ratio | 0.89 | 0.75 | 0.95 | 1.02 | 0.85 | 1.31 | 2.62 | 1.36 | 1.61 | 1.91 | 1.80 |
| P/FCF | 30.99 | 27.06 | 31.41 | 8.18 | 13.57 | — | 9.09 | 25.02 | 37.16 | 21.53 | 8.97 |
| P/OCF | 22.63 | 19.77 | 10.43 | 7.42 | 12.01 | — | 8.53 | 14.57 | 25.90 | 14.96 | 8.62 |
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 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.64 | 0.86 | 0.77 | 0.59 | 0.98 | 1.33 | 0.90 | 0.96 | 1.16 | 1.07 |
| EV / EBITDA | 9.35 | 7.92 | 11.47 | 9.33 | 6.75 | 7.66 | 4.21 | 11.55 | 10.18 | 14.64 | 11.73 |
| EV / EBIT | 11.60 | 9.83 | 14.37 | 11.42 | 7.93 | 8.45 | 4.31 | 13.85 | 11.56 | 17.50 | 11.85 |
| EV / FCF | — | 21.80 | 26.20 | 6.16 | 9.74 | — | 7.94 | 23.18 | 32.13 | 18.38 | 7.53 |
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 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 38.1% | 38.1% | 39.6% | 37.3% | 35.0% | 36.9% | 49.2% | 36.4% | 38.0% | 39.6% | 36.8% |
| Operating Margin | 6.5% | 6.5% | 6.0% | 6.7% | 7.5% | 11.5% | 30.8% | 6.5% | 8.3% | 6.6% | 8.0% |
| Net Profit Margin | 6.0% | 6.0% | 6.8% | 6.8% | 5.3% | 9.8% | 26.2% | 6.4% | 7.8% | 6.0% | 6.9% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 5.7% | 5.7% | 6.3% | 6.8% | 5.4% | 11.1% | 58.0% | 9.2% | 11.4% | 8.2% | 9.2% |
| ROA | 4.8% | 4.8% | 5.5% | 6.3% | 5.0% | 10.0% | 50.4% | 8.3% | 10.6% | 7.5% | 8.4% |
| ROIC | 5.4% | 5.4% | 5.3% | 6.7% | 7.4% | 13.5% | 67.9% | 8.2% | 12.2% | 9.6% | 11.1% |
| ROCE | 5.5% | 5.5% | 5.0% | 6.4% | 7.3% | 12.5% | 64.1% | 8.9% | 12.2% | 9.0% | 10.4% |
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 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.13 | 0.13 | 0.14 | 0.08 | 0.03 | 0.04 | 0.06 | 0.10 | — | — | — |
| Debt / EBITDA | 1.65 | 1.65 | 2.03 | 0.96 | 0.32 | 0.31 | 0.11 | 0.89 | — | — | — |
| Net Debt / Equity | — | -0.15 | -0.16 | -0.25 | -0.24 | -0.22 | -0.33 | -0.10 | -0.22 | -0.28 | -0.29 |
| Net Debt / EBITDA | -1.91 | -1.91 | -2.28 | -3.07 | -2.66 | -1.56 | -0.61 | -0.92 | -1.59 | -2.51 | -2.24 |
| Debt / FCF | — | -5.26 | -5.21 | -2.03 | -3.84 | — | -1.15 | -1.84 | -5.03 | -3.15 | -1.44 |
| Interest Coverage | — | — | — | — | — | — | — | — | — | — | — |
Net cash position: cash ($17M) exceeds total debt ($8M)
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 12.94 | 12.94 | 16.21 | 20.68 | 21.85 | 19.92 | 9.43 | 11.32 | 13.78 | 9.63 | 12.03 |
| Quick Ratio | 7.13 | 7.13 | 8.94 | 12.83 | 11.71 | 10.53 | 6.56 | 6.41 | 8.64 | 5.97 | 7.57 |
| Cash Ratio | 4.19 | 4.19 | 5.97 | 7.94 | 6.77 | 6.13 | 3.98 | 2.99 | 3.78 | 3.25 | 4.08 |
| Asset Turnover | — | 0.80 | 0.78 | 0.89 | 0.96 | 1.02 | 1.50 | 1.23 | 1.36 | 1.29 | 1.28 |
| Inventory Turnover | 1.55 | 1.55 | 1.54 | 1.91 | 1.65 | 1.74 | 3.12 | 2.63 | 2.93 | 2.59 | 2.66 |
| Days Sales Outstanding | — | 42.81 | 30.88 | 39.01 | 41.06 | 25.42 | 32.12 | 33.57 | 41.63 | 41.11 | 38.12 |
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 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 6.3% | 7.4% | 6.6% | 6.6% | 6.5% | 8.4% | 17.2% | 6.7% | 7.0% | 4.5% | 5.4% |
| FCF Yield | 3.2% | 3.7% | 3.2% | 12.2% | 7.4% | — | 11.0% | 4.0% | 2.7% | 4.6% | 11.1% |
| Buyback Yield | 6.2% | 7.1% | 7.5% | 6.4% | 7.6% | 5.5% | 1.7% | 5.6% | 6.9% | 7.0% | 11.5% |
| Total Shareholder Yield | 6.2% | 7.1% | 7.5% | 6.4% | 7.6% | 5.5% | 1.7% | 5.6% | 6.9% | 7.0% | 11.5% |
| Shares Outstanding | — | $11M | $11M | $12M | $13M | $13M | $14M | $13M | $14M | $15M | $17M |
Cyclical construction demand sensitivity
Based on current market data, Alpha Pro Tech trades at a P/S ratio of 0.91 and a P/E of 15.91, suggesting that investors are pricing the firm as a value-oriented industrial player rather than a growth-stage manufacturer, despite its specialized niche in the protective apparel market.
The current valuation multiples appear to reflect a market skepticism regarding the company's ability to reignite top-line growth in a high-interest-rate environment. Given the lack of a forward P/E, the market may be struggling to assign a premium to the firm's lumpy earnings, effectively discounting the potential value of its cleanroom segment.
According to historical financial data, APT's ROIC has remained consistently low, hovering between 0.5% and 2.4% over the last ten quarters, which indicates that the company is struggling to generate meaningful returns on its invested capital despite maintaining a very lean and debt-free balance sheet.
The persistent decay in return metrics suggests that the company's capital is largely sitting idle in cash rather than being deployed into high-yielding operational projects. Investors should monitor whether management can improve these returns through more aggressive capital allocation or if the current low-return profile is a structural byproduct of the firm's niche manufacturing model.
As reported in recent quarterly filings, the company's cash conversion cycle remains elevated, frequently exceeding 260 days, which highlights significant inefficiencies in inventory management and a reliance on slow-moving stock that ties up capital within the building supply and protective apparel segments.
The high days inventory outstanding (DIO) suggests that APT may be carrying excessive stock to mitigate supply chain risks, which directly impairs its ability to generate free cash flow. This inefficiency appears to be a structural drag on the business, as the company struggles to align its production output with the volatile demand patterns of its distributor network.
Based on the provided figures, APT maintains a negligible debt-to-equity ratio of 0.12, which positions the company as a fortress-like entity that is effectively immune to interest rate volatility and refinancing risks that currently plague more leveraged peers in the industrial construction sector.
While this lack of leverage provides immense financial stability, it also suggests that the company is not utilizing its balance sheet to amplify returns for shareholders. The absence of significant debt service obligations allows the firm to weather cyclical downturns, but it also raises questions about the lack of strategic investment in growth-oriented initiatives.
The P/E ratio is frequently misapplied to Alpha Pro Tech because it fails to account for the significant interest income generated by the company's $16.9 million cash hoard, which artificially inflates net income and obscures the true, lower profitability of the core manufacturing operations.
Analysts should instead focus on EV/EBITDA or P/FCF to strip away the impact of non-operating cash balances and better assess the underlying earning power of the building supply and apparel segments. Relying on P/E alone may lead to an overestimation of the company's operational health and a misunderstanding of its cyclical sensitivity.
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying APT stock.
Alpha Pro Tech, Ltd.'s current P/E ratio is 15.9x. The historical average is 18.9x. This places it at the 37th percentile of its historical range.
Alpha Pro Tech, Ltd.'s current EV/EBITDA is 9.3x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 10.5x.
Alpha Pro Tech, Ltd.'s return on equity (ROE) is 5.7%. The historical average is 8.9%.
Based on historical data, Alpha Pro Tech, Ltd. is trading at a P/E of 15.9x. This is at the 37th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Alpha Pro Tech, Ltd. has 38.1% gross margin and 6.5% operating margin.
Alpha Pro Tech, Ltd.'s Debt/EBITDA ratio is 1.7x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.