7 years of historical data (2019–2025) · Technology · Software - Application
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
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 176.7x P/FCF, 66% below the 5-year average of 523.4x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Market Cap | $1.7B | $4.9B | $3.8B | $3.1B | $9.3B | $5.7B | — | — |
| Enterprise Value | $1.7B | $5.0B | $3.9B | $2.8B | $9.3B | $6.0B | — | — |
| P/E Ratio → | -6.40 | — | — | — | — | — | — | — |
| P/S Ratio | 2.28 | 6.76 | 5.88 | 5.67 | 24.46 | 25.16 | — | — |
| P/B Ratio | 7.16 | 21.52 | 11.76 | 8.70 | 45.42 | — | — | — |
| P/FCF | 176.73 | 523.40 | — | — | — | — | — | — |
| P/OCF | 110.79 | 328.10 | — | — | — | — | — | — |
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 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 6.88 | 5.95 | 5.20 | 24.50 | 26.60 | — | — |
| EV / EBITDA | — | — | — | — | — | — | — | — |
| EV / EBIT | — | — | — | — | — | — | — | — |
| EV / FCF | — | 532.34 | — | — | — | — | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Asana, Inc. earns an operating margin of -36.8%. Operating margins have expanded from -74.5% to -36.8% over the past 3 years, signaling improving operational efficiency. A negative ROE of -92.3% indicates the company is currently destroying shareholder equity.
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 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 89.3% | 89.3% | 90.1% | 89.7% | 89.7% | 87.3% | 86.1% | 82.0% |
| Operating Margin | -36.8% | -36.8% | -41.4% | -74.5% | -70.1% | -77.3% | -83.9% | -67.8% |
| Net Profit Margin | -35.3% | -35.3% | -39.4% | -74.5% | -76.2% | -93.3% | -83.2% | -66.3% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| ROE | -92.3% | -92.3% | -75.3% | -145.5% | -301.8% | — | — | — |
| ROA | -27.6% | -27.6% | -26.8% | -49.1% | -40.1% | -36.7% | -44.3% | -44.8% |
| ROIC | -58.9% | -58.9% | -86.3% | -190.8% | -74.7% | -302.6% | — | — |
| ROCE | -49.8% | -49.8% | -44.4% | -75.9% | -52.0% | -39.5% | -61.1% | -74.0% |
Solvency and debt-coverage ratios — lower is generally safer
Net debt stands at $84M ($268M total debt minus $185M cash).
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.18 | 1.18 | 0.85 | 0.76 | 1.25 | — | — | — |
| Debt / EBITDA | — | — | — | — | — | — | — | — |
| Net Debt / Equity | — | 0.37 | 0.13 | -0.72 | 0.07 | — | — | — |
| Net Debt / EBITDA | — | — | — | — | — | — | — | — |
| Debt / FCF | — | 8.94 | — | — | — | — | — | — |
| Interest Coverage | -72.42 | -72.42 | -68.32 | -203.91 | -14.42 | -4.85 | -1533.73 | — |
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.44x means Asana, Inc. can comfortably meet its short-term obligations, though there is limited excess liquidity. The current ratio has declined from 1.99x to 1.44x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.44 | 1.44 | 1.80 | 1.99 | 1.61 | 2.73 | 3.80 | 2.37 |
| Quick Ratio | 1.44 | 1.44 | 1.80 | 1.99 | 1.61 | 2.73 | 3.80 | 2.18 |
| Cash Ratio | 1.12 | 1.12 | 1.41 | 1.59 | 1.22 | 2.36 | 3.51 | 2.02 |
| Asset Turnover | — | 0.81 | 0.68 | 0.57 | 0.54 | 0.31 | 0.34 | 0.67 |
| Inventory Turnover | 1.68 | — | — | — | — | — | — | 1.68 |
| Days Sales Outstanding | — | 44.15 | 49.41 | 54.94 | 56.99 | 51.76 | 32.40 | 26.60 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Asana, Inc. returns 4.7% to shareholders annually primarily through share buybacks.
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 |
|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | — | — | — |
| FCF Yield | 0.6% | 0.2% | — | — | — | — | — | — |
| Buyback Yield | 4.7% | 1.6% | 0.0% | 0.0% | 0.0% | 0.0% | — | — |
| Total Shareholder Yield | 4.7% | 1.6% | 0.0% | 0.0% | 0.0% | 0.0% | — | — |
| Shares Outstanding | — | $229M | $220M | $200M | $176M | $161M | $159M | $150M |
Compare ASAN with 6 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 | -6.4 | — | 176.7 | 89.3% | -36.8% | -92.3% | -58.9% | — |
| NOW | $113B | 64.7 | 43.9 | 24.7 | 77.5% | 13.7% | 15.5% | 12.4% | 1.3 |
| TEAM | $7B | -76.7 | — | 5.0 | 82.8% | -2.5% | -21.6% | -110.3% | — |
| MNDY | $4B | 32.4 | 211.8 | 12.0 | 89.2% | -0.1% | 10.4% | -2.4% | 25.9 |
| UPLD | $26M | -0.2 | — | 1.1 | 70.5% | -37.2% | -64.6% | -18.5% | — |
| CXAI | $4M | -0.2 | — | — | 82.0% | -192.4% | -94.7% | -52.9% | — |
| OBLG | $1M | -0.1 | — | — | 13.9% | -176.7% | -85.1% | — | — |
| Technology Median | — | 25.2 | 15.7 | 17.3 | 49.8% | -0.9% | 1.1% | 2.9% | 3.0 |
Peers based on L4 peer group classification. Compare multiple stocks →
Includes 30+ ratios · 7 years · Updated daily
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Start ComparisonAsana, Inc.'s current P/E ratio is -6.4x. This places it at the 50th percentile of its historical range.
Asana, Inc.'s return on equity (ROE) is -92.3%. The historical average is -153.7%.
Based on historical data, Asana, Inc. is trading at a P/E of -6.4x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Asana, Inc. has 89.3% gross margin and -36.8% operating margin.