Latest Ratios: P/E Ratio -0.5x · EV/EBITDA N/A · ROE -7.1%. (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 | $9M | $12M | $14M | $60M | — | — | — |
| Enterprise Value | $716135 | $-20631688 | $5M | $28M | — | — | — |
| P/E Ratio → | -0.52 | — | — | 2.32 | — | — | — |
| P/S Ratio | 0.79 | 0.27 | 0.25 | 0.25 | — | — | — |
| P/B Ratio | 0.19 | 0.06 | 0.05 | 0.19 | — | — | — |
| P/FCF | 21.32 | 7.21 | 0.54 | — | — | — | — |
| P/OCF | 21.32 | 7.21 | 0.25 | 1.10 | — | — | — |
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 | — | -0.46 | 0.08 | 0.12 | — | — | — |
| EV / EBITDA | — | — | — | 0.48 | — | — | — |
| EV / EBIT | — | — | — | 1.30 | — | — | — |
| EV / FCF | — | -12.37 | 0.17 | — | — | — | — |
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 | -4.2% | -4.2% | -34.9% | 20.6% | 22.2% | 20.4% | 15.9% |
| Operating Margin | -25.4% | -25.4% | -114.7% | 8.7% | 19.9% | 14.7% | 13.1% |
| Net Profit Margin | -36.2% | -36.2% | -94.0% | 10.7% | 16.6% | 37.1% | 13.2% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| ROE | -7.1% | -7.1% | -18.8% | 8.4% | 38.8% | 30.9% | 13.9% |
| ROA | -6.8% | -6.8% | -16.4% | 7.1% | 32.6% | 18.8% | 6.7% |
| ROIC | -4.1% | -4.1% | -18.5% | 5.7% | 38.7% | 9.4% | 8.9% |
| ROCE | -4.9% | -4.9% | -20.8% | 6.2% | 43.5% | 11.4% | 13.7% |
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 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — | 0.34 |
| Debt / EBITDA | — | — | — | 0.00 | 0.00 | — | 2.02 |
| Net Debt / Equity | — | -0.17 | -0.04 | -0.10 | -0.10 | -0.10 | 0.16 |
| Net Debt / EBITDA | — | — | — | -0.52 | -0.27 | -0.91 | 0.95 |
| Debt / FCF | — | -19.57 | -0.37 | — | — | -2.59 | — |
| Interest Coverage | -12370.65 | -12370.65 | -6354.82 | 5170.54 | 14510.84 | — | — |
Net cash position: cash ($33M) exceeds total debt ($10963)
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Current Ratio | 7.64 | 7.64 | 44.63 | 6.54 | 8.40 | 1.68 | 1.45 |
| Quick Ratio | 7.64 | 7.64 | 44.63 | 6.54 | 8.40 | 1.92 | 1.45 |
| Cash Ratio | 3.34 | 3.34 | 6.30 | 1.23 | 1.76 | 0.29 | 0.35 |
| Asset Turnover | — | 0.22 | 0.21 | 0.61 | 1.35 | 0.41 | 0.51 |
| Inventory Turnover | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | 341.09 | 234.34 | 101.69 | 87.50 | 171.57 | 406.31 |
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 | — | — | — | 43.2% | — | — | — |
| FCF Yield | 4.7% | 13.9% | 185.6% | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | — | — | — |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.0% | — | — | — |
| Shares Outstanding | — | $2M | $2M | $1M | $666667 | $2M | $0 |
Project-based revenue volatility
Based on reported figures, ARBB trades at a P/S ratio of 0.76, which suggests the market is heavily discounting the company's future growth prospects due to the persistent revenue contraction and the lack of a clear, scalable path toward profitability in its IoT integration business model.
The current P/S multiple indicates that investors are valuing the company primarily as a liquidation play on its cash reserves rather than a growing technology entity. Given the negative P/E and the absence of positive EBITDA, traditional valuation metrics are currently ineffective, forcing a reliance on price-to-book and cash-per-share analysis to establish a potential floor.
According to recent financial statements, ARBB's gross margin has deteriorated to -9.6% in the most recent period, signaling that the direct costs of hardware procurement and project labor are fundamentally misaligned with the company's current pricing power in the competitive Malaysian smart-infrastructure market.
The persistent negative operating margin of -22.9% highlights that the company's fixed overhead is far too high for its current revenue scale. This suggests that the business is currently unable to achieve the economies of scale necessary to turn its IoT integration projects into a profitable enterprise, warranting significant caution regarding future earnings potential.
As reported in historical filings, ARBB's ROIC has trended into negative territory, reaching -2.3% in the latest quarter, which reflects the company's inability to generate a positive return on its invested capital as it struggles to convert its project-based revenue into sustainable shareholder value.
The sharp decline from the positive returns observed in 2022 indicates that the company's capital allocation strategy is currently failing to create value. Investors should monitor whether management can pivot toward higher-margin software-led revenue, as the current reliance on hardware-heavy projects continues to erode the company's return profile.
Based on the provided data, the company's DSO has spiked to 206 days in the most recent period, which suggests significant delays in collecting payments from property developers and highlights the inherent risks in the company's project-based revenue recognition and cash conversion cycle.
The extreme volatility in the cash conversion cycle indicates that ARBB lacks leverage over its customers, forcing it to carry significant receivables on its balance sheet. This inefficiency ties up capital that could otherwise be used for growth, further exacerbating the company's liquidity challenges during periods of revenue contraction.
Investors frequently misapply the P/S ratio to ARBB, failing to account for the fact that the company's revenue is derived from low-margin, project-based hardware integration rather than high-margin software subscriptions, which renders standard technology sector valuation benchmarks largely irrelevant for this specific business model.
Using a P/S multiple obscures the reality that a significant portion of the company's revenue may be pass-through hardware costs with little to no profit contribution. A more appropriate metric would be a valuation based on gross profit or cash-per-share, which would better reflect the company's actual ability to generate sustainable earnings.
Includes 30+ ratios · 6 years · Updated daily
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Quick answers to the most common questions about buying ARBB stock.
ARB IOT Group Limited's current P/E ratio is -0.5x. The historical average is 2.3x.
ARB IOT Group Limited's return on equity (ROE) is -7.1%. The historical average is 11.0%.
Based on historical data, ARB IOT Group Limited is trading at a P/E of -0.5x. Compare with industry peers and growth rates for a complete picture.
ARB IOT Group Limited has -4.2% gross margin and -25.4% operating margin.