Latest Ratios: P/E Ratio -0.6x · EV/EBITDA N/A · ROE -98.5%. (2013–2026 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2014 | FY 2013 |
|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $423M | $450M | $1.1B | $1.1B | $1.2B | $1.7B | $1.4B | — | — | — |
| Enterprise Value | $975M | $1.2B | $1.5B | $1.2B | $1.1B | $845M | $2.0B | — | — | — |
| P/E Ratio → | -0.63 | — | — | 12.13 | 4.73 | 1.94 | — | — | — | — |
| P/S Ratio | 0.29 | 0.22 | 0.43 | 0.40 | 0.43 | 0.44 | 0.80 | — | — | — |
| P/B Ratio | 1.26 | 0.92 | 0.70 | 0.75 | 0.81 | 1.05 | 8.24 | — | — | — |
| P/FCF | — | — | — | — | — | 1.52 | — | — | — | — |
| P/OCF | — | — | — | 3.83 | 6.70 | 1.32 | 176.82 | — | — | — |
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 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2014 | FY 2013 |
|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.59 | 0.60 | 0.42 | 0.38 | 0.22 | 1.14 | — | — | — |
| EV / EBITDA | — | — | — | 4.17 | 2.73 | 0.56 | 11.86 | — | — | — |
| EV / EBIT | — | — | — | 6.30 | 2.60 | 0.70 | 248.83 | — | — | — |
| EV / FCF | — | — | — | — | — | 0.77 | — | — | — | — |
Margins and return-on-capital ratios measuring operating efficiency
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 2014 | FY 2013 |
|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | -31.9% | -31.9% | -4.7% | 11.0% | 14.0% | 39.8% | 8.8% | -4.1% | -9.0% | -1.0% |
| Operating Margin | -37.3% | -37.3% | -12.0% | 6.0% | 10.5% | 37.1% | 4.7% | -7.0% | -15.2% | -6.4% |
| Net Profit Margin | -47.2% | -47.2% | -9.1% | 3.8% | 10.7% | 22.5% | -8.9% | -9.0% | -17.5% | -10.9% |
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2014 | FY 2013 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -98.5% | -98.5% | -14.8% | 7.1% | 19.6% | 97.7% | -67.7% | -58.7% | — | — |
| ROA | -37.2% | -37.2% | -7.6% | 4.1% | 11.6% | 40.4% | -9.5% | -9.7% | -17.0% | -10.8% |
| ROIC | -36.5% | -36.5% | -12.7% | 8.7% | 20.7% | 136.9% | 7.8% | -12.8% | -26.2% | -11.3% |
| ROCE | -36.0% | -36.0% | -11.9% | 7.7% | 13.6% | 84.0% | 6.5% | -13.8% | -24.6% | -7.4% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2014 | FY 2013 |
|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.76 | 1.76 | 0.45 | 0.10 | 0.08 | 0.06 | 3.62 | 2.71 | — | — |
| Debt / EBITDA | — | — | — | 0.52 | 0.31 | 0.06 | 3.66 | — | — | 65.72 |
| Net Debt / Equity | — | 1.60 | 0.27 | 0.03 | -0.09 | -0.52 | 3.50 | 1.83 | — | — |
| Net Debt / EBITDA | — | — | — | 0.17 | -0.32 | -0.55 | 3.54 | — | — | 63.83 |
| Debt / FCF | — | — | — | — | — | -0.75 | — | — | 31.83 | — |
| Interest Coverage | -14.27 | -14.27 | -6.81 | 4.45 | 38.65 | 31.29 | 0.15 | -2.26 | — | — |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2014 | FY 2013 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.18 | 2.18 | 3.07 | 2.95 | 3.98 | 3.57 | 2.42 | 2.34 | 0.40 | 2.29 |
| Quick Ratio | 1.03 | 1.03 | 1.28 | 1.06 | 1.87 | 2.67 | 1.23 | 1.34 | 0.17 | 0.95 |
| Cash Ratio | 0.16 | 0.16 | 0.54 | 0.23 | 0.72 | 1.70 | 0.06 | 0.61 | 0.00 | 0.13 |
| Asset Turnover | — | 0.99 | 0.77 | 1.04 | 1.13 | 1.41 | 1.16 | 1.07 | 0.99 | 0.99 |
| Inventory Turnover | 4.83 | 4.83 | 2.92 | 3.08 | 3.31 | 4.78 | 3.94 | 4.66 | 6.88 | 5.44 |
| Days Sales Outstanding | — | 69.93 | 31.77 | 30.73 | 38.25 | 38.58 | 55.84 | 46.50 | 27.82 | 35.39 |
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 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2014 | FY 2013 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 2.4% | 3.3% | 1.4% | 2.5% | 2.6% | 0.6% | — | — | — | — |
| Payout Ratio | — | — | — | 26.5% | 10.3% | 1.1% | — | — | — | — |
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2014 | FY 2013 |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | 8.2% | 21.2% | 51.6% | — | — | — | — |
| FCF Yield | — | — | — | — | — | 65.8% | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 46.6% | 0.0% | 0.0% | — | — | — |
| Total Shareholder Yield | 2.4% | 3.3% | 1.4% | 2.5% | 49.2% | 0.6% | 0.0% | — | — | — |
| Shares Outstanding | — | $109M | $109M | $133M | $147M | $148M | $148M | $148M | $500M | $500M |
EAF transition execution failure
As reported in recent financial statements, ASTL trades at a P/S of 0.30, reflecting deep market skepticism regarding the company's ability to return to profitability, especially when compared to the premium multiples commanded by more efficient, EAF-native peers like Steel Dynamics and Nucor Corporation.
The negative trailing P/E ratio of -0.65 highlights that the company is currently priced for survival rather than growth. Investors appear to be discounting the stock heavily due to the ongoing operational losses, suggesting that the market is waiting for tangible evidence of margin recovery post-EAF transition before assigning a normalized valuation multiple.
Based on the company's reported figures, ROIC has deteriorated to -8.0% in 2026Q4, a sharp decline from historical levels, indicating that the capital deployed into the EAF project is currently failing to generate any economic return while legacy assets continue to drag down overall performance.
The persistent negative ROIC suggests that the company is currently destroying shareholder value with every dollar of capital invested. This trend warrants further investigation into whether the EAF project will eventually reach a threshold of efficiency that can offset the high cost of capital and the inherent volatility of the steel cycle.
According to recent quarterly filings, the cash conversion cycle has ballooned to 233 days in 2026Q4, a significant increase from 135 days in 2025Q1, which suggests that the company is struggling to manage inventory turnover and collect receivables efficiently during this period of operational disruption.
The sharp rise in days inventory outstanding to 146 days indicates a potential build-up of unsold or slow-moving steel products, which ties up critical liquidity. This inefficiency appears to be a structural hurdle that management must address to improve cash flow generation and reduce reliance on external financing.
As evidenced by the company's reported financial data, the debt-to-equity ratio has surged to 1.76 in 2026Q4, reflecting a rapid increase in financial leverage that contrasts sharply with the more conservative balance sheets of North American peers like Nucor, which maintains a debt-to-equity ratio of 0.32.
The negative interest coverage ratio of -5.81 indicates that the company is currently unable to service its debt obligations from operating income alone. This situation suggests that the company is increasingly reliant on its remaining cash reserves or potential future capital raises to maintain its solvency during the EAF transition.
Investors frequently misapply the P/E ratio to Algoma Steel, as the metric is rendered meaningless by the company's current net losses and the non-recurring nature of its massive capital expenditures related to the ongoing transition to Electric Arc Furnace technology.
Using P/E to value a company in the midst of a fundamental technological pivot obscures the underlying cash-generating potential of the future asset base. Analysts should instead focus on EV/EBITDA or normalized free cash flow projections to better capture the company's long-term value proposition once the EAF project is fully operational.
Includes 30+ ratios · 9 years · Updated daily
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Quick answers to the most common questions about buying ASTL stock.
Algoma Steel Group Inc.'s current P/E ratio is -0.6x. The historical average is 6.3x.
Algoma Steel Group Inc.'s return on equity (ROE) is -98.5%. The historical average is -16.5%.
Based on historical data, Algoma Steel Group Inc. is trading at a P/E of -0.6x. Compare with industry peers and growth rates for a complete picture.
Algoma Steel Group Inc.'s current dividend yield is 2.39%.
Algoma Steel Group Inc. has -31.9% gross margin and -37.3% operating margin.