Asana, Inc. (ASAN) Financial Ratios
8 years of historical data (2019–2026) · Technology · Software - Application
EV/EBITDA
N/A
—
5yr avg: N/A
P/FCF
↓
18.99
↓-93% vs avg
5yr avg: 275.72
30Y Low28.0·High28.0
P/B Ratio
↓
10.63
↓-48% vs avg
5yr avg: 20.63
30Y Low8.7·High45.4
ROE
↑
-99.1%
↓+31% vs avg
5yr avg: -142.8%
30Y Low-302%·High-75%
Debt/EBITDA
N/A
—
5yr avg: N/A
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
ASAN Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Asana, Inc. currently has a negative P/E ratio, indicating the company is operating at a loss on a trailing-twelve-month basis. On a free-cash-flow basis, the stock trades at 19.0x P/FCF, 93% below the 5-year average of 275.7x.
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $1.6B | $2.4B | $4.9B | $3.8B | $3.1B | $9.3B | $5.7B | — | — |
| Enterprise Value | $1.7B | $2.4B | $5.0B | $3.9B | $2.8B | $9.3B | $6.0B | — | — |
| P/E Ratio → | -8.65 | — | — | — | — | — | — | — | — |
| P/S Ratio | 2.08 | 3.07 | 6.76 | 5.88 | 5.67 | 24.46 | 25.16 | — | — |
| P/B Ratio | 10.63 | 15.75 | 21.52 | 11.76 | 8.70 | 45.42 | — | — | — |
| P/FCF | 18.99 | 28.04 | 523.40 | — | — | — | — | — | — |
| P/OCF | 18.20 | 26.86 | 328.10 | — | — | — | — | — | — |
P/E links to full P/E history page with 30-year chart
ASAN EV Ratios
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 | — | 3.08 | 6.88 | 5.95 | 5.20 | 24.50 | 26.60 | — | — |
| EV / EBITDA | — | — | — | — | — | — | — | — | — |
| EV / EBIT | — | — | — | — | — | — | — | — | — |
| EV / FCF | — | 28.14 | 532.34 | — | — | — | — | — | — |
ASAN Profitability
Margins and return-on-capital ratios measuring operating efficiency
Asana, Inc. earns an operating margin of -25.0%. Operating margins have expanded from -41.4% to -25.0% over the past 3 years, signaling improving operational efficiency. A negative ROE of -99.1% indicates the company is currently destroying shareholder equity.
Margins
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 | 89.0% | 89.0% | 89.3% | 90.1% | 89.7% | 89.7% | 87.3% | 86.1% | 82.0% |
| Operating Margin | -25.0% | -25.0% | -36.8% | -41.4% | -74.5% | -70.1% | -77.3% | -83.9% | -67.8% |
| Net Profit Margin | -23.9% | -23.9% | -35.3% | -39.4% | -74.5% | -76.2% | -93.3% | -83.2% | -66.3% |
Return on Capital
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|---|
| ROE | -99.1% | -99.1% | -92.3% | -75.3% | -145.5% | -301.8% | — | — | — |
| ROA | -21.8% | -21.8% | -27.6% | -26.8% | -49.1% | -40.1% | -36.7% | -44.3% | -44.8% |
| ROIC | -62.4% | -62.4% | -58.9% | -86.3% | -190.8% | -74.7% | -302.6% | — | — |
| ROCE | -48.2% | -48.2% | -49.8% | -44.4% | -75.9% | -52.0% | -39.5% | -61.1% | -74.0% |
ASAN Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Net debt stands at $9M ($209M total debt minus $200M cash).
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.35 | 1.35 | 1.18 | 0.85 | 0.76 | 1.25 | — | — | — |
| Debt / EBITDA | — | — | — | — | — | — | — | — | — |
| Net Debt / Equity | — | 0.06 | 0.37 | 0.13 | -0.72 | 0.07 | — | — | — |
| Net Debt / EBITDA | — | — | — | — | — | — | — | — | — |
| Debt / FCF | — | 0.10 | 8.94 | — | — | — | — | — | — |
| Interest Coverage | -10.29 | -10.29 | -67.09 | -63.10 | -200.45 | -14.51 | -4.81 | -1516.23 | — |
ASAN Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.18x means Asana, Inc. can comfortably meet its short-term obligations, though there is limited excess liquidity. The current ratio has declined from 1.80x to 1.18x over the past 3 years.
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.18 | 1.18 | 1.44 | 1.80 | 1.99 | 1.61 | 2.73 | 3.80 | 2.37 |
| Quick Ratio | 1.18 | 1.18 | 1.44 | 1.80 | 1.99 | 1.61 | 2.73 | 3.80 | 2.18 |
| Cash Ratio | 0.87 | 0.87 | 1.12 | 1.41 | 1.59 | 1.22 | 2.36 | 3.51 | 2.02 |
| Asset Turnover | — | 0.94 | 0.81 | 0.68 | 0.57 | 0.54 | 0.31 | 0.34 | 0.67 |
| Inventory Turnover | — | — | — | — | — | — | — | — | 1.68 |
| Days Sales Outstanding | — | 50.91 | 44.15 | 49.41 | 54.94 | 56.99 | 51.76 | 32.40 | 26.60 |
ASAN Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Asana, Inc. returns 8.0% to shareholders annually primarily through share buybacks.
Dividends
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 | — | — | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | — | — | — | — |
| FCF Yield | 5.3% | 3.6% | 0.2% | — | — | — | — | — | — |
| Buyback Yield | 8.0% | 5.4% | 1.6% | 0.0% | 0.0% | 0.0% | 0.0% | — | — |
| Total Shareholder Yield | 8.0% | 5.4% | 1.6% | 0.0% | 0.0% | 0.0% | 0.0% | — | — |
| Shares Outstanding | — | $237M | $229M | $220M | $200M | $176M | $161M | $159M | $150M |
Peer Comparison
Compare ASAN with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 ASANYou | $2B | -8.7 | — | 19.0 | 89.0% | -25.0% | -99.1% | -62.4% | — |
 MNDY | $4B | 31.9 | 207.0 | 11.8 | 89.2% | -0.1% | 10.4% | -2.4% | 25.9 |
 TEAM | $22B | -84.4 | — | 15.3 | 82.8% | -2.5% | -21.6% | -110.3% | — |
 PCTY | $5B | 25.1 | 13.0 | 15.8 | 68.8% | 19.1% | 20.0% | 26.2% | 0.5 |
 WDAY | $31B | 45.3 | 24.0 | 11.0 | 75.7% | 10.7% | 8.2% | 7.3% | 2.8 |
 NOW | $98B | 56.9 | 38.2 | 21.5 | 77.5% | 13.7% | 15.5% | 12.4% | 1.3 |
 ZM | $25B | 14.0 | 19.2 | 13.2 | 77.0% | 23.1% | 20.3% | 10.4% | 0.0 |
 MSFT | $2.8T | 27.8 | 17.8 | 39.4 | 68.8% | 45.6% | 33.3% | 24.9% | 0.7 |
 GOOGL | $4.5T | 34.0 | 29.8 | 60.8 | 59.7% | 32.1% | 35.7% | 25.1% | 0.4 |
 BOX | $3B | 42.1 | 34.0 | 9.8 | 79.2% | 7.1% | — | 19.4% | 8.5 |
 DDOG | $79B | 743.3 | 1030.2 | 79.3 | 80.0% | -1.3% | 3.3% | -0.8% | 19.6 |
| Technology Median | — | 29.0 | 16.7 | 19.2 | 48.8% | 0.2% | 1.6% | 2.7% | 2.9 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 8 years · Updated daily
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ASAN — Frequently Asked Questions
Quick answers to the most common questions about buying ASAN stock.
What is Asana, Inc.'s P/E ratio?
Asana, Inc.'s current P/E ratio is -8.7x. This places it at the 50th percentile of its historical range.
What is Asana, Inc.'s ROE?
Asana, Inc.'s return on equity (ROE) is -99.1%. The historical average is -142.8%.
Is ASAN stock overvalued?
Based on historical data, Asana, Inc. is trading at a P/E of -8.7x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What are Asana, Inc.'s profit margins?
Asana, Inc. has 89.0% gross margin and -25.0% operating margin.