Latest Ratios: P/E Ratio 36.4x · EV/EBITDA 9.7x · ROE 1.9%. (2017–2025 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $310M | $340M | $336M | $654M | $862M | $839M | $523M | $443M | — | — |
| Enterprise Value | $340M | $370M | $407M | $714M | $748M | $709M | $494M | $429M | — | — |
| P/E Ratio → | 36.39 | 39.50 | 57.27 | — | 19.54 | 23.34 | 63.86 | 28.28 | — | — |
| P/S Ratio | 0.92 | 1.01 | 0.97 | 1.95 | 2.11 | 2.47 | 2.50 | 1.46 | — | — |
| P/B Ratio | 0.74 | 0.80 | 0.74 | 1.47 | 1.94 | 2.05 | 1.49 | 1.51 | — | — |
| P/FCF | — | — | — | — | — | 11.16 | — | 17.45 | — | — |
| P/OCF | — | — | 30.06 | — | — | 10.61 | — | 6.97 | — | — |
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 |
|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.10 | 1.18 | 2.14 | 1.83 | 2.08 | 2.36 | 1.41 | — | — |
| EV / EBITDA | 9.68 | 10.53 | 15.58 | 14878.55 | 11.32 | 10.18 | 13.91 | 8.22 | — | — |
| EV / EBIT | 21.53 | 23.43 | 41.81 | — | 13.37 | 12.51 | 50.17 | 18.91 | — | — |
| EV / FCF | — | — | — | — | — | 9.43 | — | 16.89 | — | — |
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 |
|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 31.5% | 31.5% | 30.1% | 27.6% | 37.1% | 35.1% | 25.3% | 28.0% | 24.8% | 20.6% |
| Operating Margin | 4.7% | 4.7% | 2.8% | -3.2% | 13.5% | 16.6% | 5.4% | 7.3% | 8.8% | -5.8% |
| Net Profit Margin | 2.6% | 2.6% | 1.7% | -1.7% | 10.7% | 10.6% | 3.9% | 5.1% | 3.0% | -18.3% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 1.9% | 1.9% | 1.3% | -1.3% | 10.3% | 9.5% | 2.5% | 10.5% | 7.7% | -13.9% |
| ROA | 1.4% | 1.4% | 1.0% | -1.0% | 8.6% | 8.2% | 2.2% | 9.0% | 5.0% | -9.0% |
| ROIC | 2.4% | 2.4% | 1.4% | -1.9% | 13.6% | 14.1% | 2.8% | 11.8% | 12.0% | -2.4% |
| ROCE | 2.9% | 2.9% | 1.9% | -2.2% | 12.3% | 14.6% | 3.4% | 14.6% | 20.7% | -4.1% |
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 |
|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.08 | 0.08 | 0.17 | 0.15 | 0.07 | — | — | 0.01 | 6.11 | 0.39 |
| Debt / EBITDA | 0.99 | 0.99 | 2.90 | 1386.02 | 0.50 | — | — | 0.06 | 0.00 | — |
| Net Debt / Equity | — | 0.07 | 0.16 | 0.14 | -0.26 | -0.32 | -0.08 | -0.05 | 4.44 | 0.38 |
| Net Debt / EBITDA | 0.87 | 0.87 | 2.72 | 1263.67 | -1.73 | -1.87 | -0.83 | -0.27 | 0.00 | — |
| Debt / FCF | — | — | — | — | — | -1.73 | — | -0.56 | 0.00 | 2.62 |
| Interest Coverage | 1.90 | 1.90 | 1.71 | — | — | 57.82 | 5.99 | 7.54 | 10.89 | — |
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 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 3.71 | 3.71 | 3.79 | 5.79 | 6.31 | 4.00 | 5.65 | 3.44 | 0.10 | 0.91 |
| Quick Ratio | 3.71 | 3.71 | 0.79 | 1.90 | 4.09 | 2.79 | 2.96 | 2.04 | -141.50 | 0.40 |
| Cash Ratio | 0.06 | 0.06 | 0.06 | 0.13 | 2.79 | 1.92 | 0.93 | 0.55 | 0.10 | 0.10 |
| Asset Turnover | — | 0.52 | 0.57 | 0.60 | 0.77 | 0.70 | 0.54 | 0.88 | 696.36 | 0.49 |
| Inventory Turnover | — | — | 1.07 | 1.36 | 2.19 | 2.70 | 1.83 | 3.78 | 3.93 | 2.45 |
| Days Sales Outstanding | — | 46.43 | 45.28 | 35.86 | 25.26 | 31.47 | 88.55 | 62.23 | 34.93 | 47.60 |
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 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 2.7% | 2.5% | 1.7% | — | 5.1% | 4.3% | 1.6% | 3.5% | — | — |
| FCF Yield | — | — | — | — | — | 9.0% | — | 5.7% | — | — |
| Buyback Yield | 14.5% | 13.3% | 0.0% | 0.0% | 2.6% | 0.0% | 0.0% | 0.0% | — | — |
| Total Shareholder Yield | 14.5% | 13.3% | 0.0% | 0.0% | 2.6% | 0.0% | 0.0% | 0.0% | — | — |
| Shares Outstanding | — | $48M | $53M | $51M | $53M | $47M | $39M | $44M | $37M | $50M |
Inventory Liquidation Timing Risk
According to recent market data, ASLE trades at a forward P/E of 8.09, which appears to discount the company's growth potential compared to peers like FTAI, suggesting investors remain skeptical of the firm's ability to transition from a transactional asset-heavy model to a recurring technology-driven revenue stream.
The valuation gap between ASLE and its peers suggests the market is currently pricing the company as a commoditized MRO provider rather than a high-margin technology player. Investors should monitor whether the commercialization of AerAware can catalyze a multiple expansion, as the current forward P/E implies limited confidence in sustained earnings growth.
Based on reported figures, ASLE's ROIC has struggled to maintain positive momentum, frequently dipping into negative territory such as the -0.5% recorded in 2026Q1, which highlights the difficulty of generating consistent returns on invested capital within a business model heavily reliant on lumpy asset liquidations.
The inconsistent ROIC trend suggests that the company's capital allocation is not yet yielding the compounding returns expected of a high-growth industrial firm. This performance appears to be driven by the high cost of maintaining inventory and the cyclical nature of asset sales, which often offset the gains from the higher-margin TechOps segment.
As reported in financial statements, the company's cash conversion cycle remains highly erratic, with DIO figures reaching as high as 473 days in 2025Q3, indicating that AerSale's operational efficiency is significantly hampered by the extended time required to convert aircraft feedstock into high-margin serviceable parts.
The extended inventory holding periods suggest that the company's liquidity is heavily tied to the timing of the secondary aviation market. Investors should be wary of these long cycles, as they imply that the company may be forced to hold assets for extended periods, potentially tying up capital that could otherwise be deployed into higher-growth initiatives.
According to recent balance sheet data, ASLE maintains a disciplined capital structure with a debt-to-equity ratio of 0.08, which provides a significant competitive advantage in the capital-intensive aviation industry by insulating the company from the interest rate volatility that currently burdens more highly levered industry peers.
This low leverage profile appears to be a strategic choice that allows the company to navigate cyclical downturns without the need for dilutive financing. While this provides a safety net, it also warrants further investigation into whether management is being too conservative, potentially missing opportunities to scale operations more aggressively during favorable market conditions.
Based on an analysis of the company's financial structure, the EV/EBITDA multiple is the most commonly misapplied metric for ASLE, as it fails to account for the massive working capital swings and inventory-related cash outflows that characterize this specific asset-heavy aviation aftermarket business model.
Using EBITDA as a proxy for performance obscures the reality that a significant portion of the company's earnings is tied to the timing of whole-asset sales rather than recurring operational cash flow. Analysts should instead focus on free cash flow and inventory turnover metrics to better assess the true underlying health of the business.
Includes 30+ ratios · 9 years · Updated daily
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Quick answers to the most common questions about buying ASLE stock.
AerSale Corporation's current P/E ratio is 36.4x. The historical average is 38.6x. This places it at the 50th percentile of its historical range.
AerSale Corporation's current EV/EBITDA is 9.7x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 11.6x.
AerSale Corporation's return on equity (ROE) is 1.9%. The historical average is 3.2%.
Based on historical data, AerSale Corporation is trading at a P/E of 36.4x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
AerSale Corporation has 31.5% gross margin and 4.7% operating margin.
AerSale Corporation's Debt/EBITDA ratio is 1.0x, indicating low leverage. A ratio below 2x is generally considered financially healthy.