Latest Ratios: P/E Ratio -21.1x · EV/EBITDA N/A · ROE -184.5%. (2021–2025 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 |
|---|---|---|---|---|---|---|
| Market Cap | $175M | $392M | $103M | — | — | — |
| Enterprise Value | $172M | $366M | $65M | — | — | — |
| P/E Ratio → | -21.07 | — | — | — | — | — |
| P/S Ratio | 185.98 | 53.08 | 8.37 | — | — | — |
| P/B Ratio | 60.38 | 15.97 | 2.00 | — | — | — |
| P/FCF | — | — | — | — | — | — |
| P/OCF | — | — | — | — | — | — |
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 |
|---|---|---|---|---|---|---|
| EV / Revenue | — | 49.63 | 5.27 | — | — | — |
| EV / EBITDA | — | — | — | — | — | — |
| EV / EBIT | — | — | — | — | — | — |
| EV / FCF | — | — | — | — | — | — |
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 |
|---|---|---|---|---|---|---|
| Gross Margin | -524.8% | -524.8% | 52.3% | 32.8% | 22.7% | 35.9% |
| Operating Margin | -782.1% | -782.1% | -50.6% | -75.7% | -61.4% | -22.8% |
| Net Profit Margin | -952.0% | -952.0% | -44.4% | -78.6% | -60.2% | -24.2% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| ROE | -184.5% | -184.5% | -15.5% | -90.2% | — | — |
| ROA | -148.5% | -148.5% | -10.9% | -29.0% | -47.1% | -20.7% |
| ROIC | -702.9% | -702.9% | -30.5% | -76.1% | — | -275.7% |
| ROCE | -148.2% | -148.2% | -17.0% | -73.4% | — | -96.2% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Debt / Equity | 0.22 | 0.22 | 0.07 | 0.09 | — | — |
| Debt / EBITDA | — | — | — | — | — | — |
| Net Debt / Equity | — | -1.04 | -0.74 | -0.10 | — | — |
| Net Debt / EBITDA | — | — | — | — | — | — |
| Debt / FCF | — | — | — | -0.45 | -0.18 | — |
| Interest Coverage | -61.56 | -61.56 | -52.72 | -87.20 | -28.90 | -19.03 |
Net cash position: cash ($31M) exceeds total debt ($5M)
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Current Ratio | 3.25 | 3.25 | 6.37 | 1.27 | 0.67 | 1.07 |
| Quick Ratio | 3.25 | 3.25 | 6.37 | 1.27 | 0.67 | 1.07 |
| Cash Ratio | 3.13 | 3.13 | 6.09 | 0.18 | 0.31 | 0.38 |
| Asset Turnover | — | 0.21 | 0.21 | 0.21 | 0.67 | 0.85 |
| Inventory Turnover | — | — | — | — | — | — |
| Days Sales Outstanding | — | 55.27 | 38.92 | 39.11 | 111.26 | 192.11 |
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 |
|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | — |
| FCF Yield | — | — | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | — | — | — |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | — | — | — |
| Shares Outstanding | — | $16M | $15M | $13M | $15M | $15M |
Unsustainable Operational Burn Rate
According to current market data, ATGL trades at a price-to-sales ratio of 185.95, which appears significantly detached from the company's -40.25% revenue contraction and suggests that investors are pricing in speculative recovery potential rather than the underlying reality of the firm's deteriorating financial performance.
The extreme P/S multiple indicates that the market may be misclassifying ATGL as a high-growth technology firm despite its service-heavy, project-based revenue model. This valuation level warrants caution, as it implies an aggressive growth trajectory that is currently unsupported by the company's recent operational output or its inability to maintain positive margins.
Based on reported financial statements, ATGL's ROIC has consistently languished in negative territory, reaching -7.1% in 2025Q4, which demonstrates that the company is currently destroying shareholder capital rather than compounding it through its core software and consulting activities.
The persistent negative return on invested capital suggests that the firm's cost of service delivery and overhead significantly outweigh the economic value generated by its projects. Investors should monitor whether management can pivot toward a more scalable, product-led model, as the current reliance on labor-intensive development appears to be a structural drag on returns.
As evidenced by the company's asset turnover ratio of 0.09 in 2025Q4, ATGL is struggling to generate meaningful revenue from its asset base, reflecting a significant decline in operational efficiency compared to the 0.13 turnover ratio observed in 2023Q2.
The low asset turnover, combined with a DSO of 29 days, suggests that the company is not effectively converting its project-based work into cash. This inefficiency appears to be a primary contributor to the firm's liquidity pressure, as the capital tied up in operations is not being recycled quickly enough to support the business's fixed-cost structure.
According to recent quarterly filings, ATGL's current ratio of 3.25 provides a superficial appearance of stability, yet this metric masks the rapid cash burn occurring as the company's operational losses continue to erode its $30.9M cash reserve at an unsustainable pace.
While the current ratio appears healthy relative to peers, the lack of recurring revenue means that the company's liquidity is entirely dependent on its existing cash pile. If the current rate of operational cash outflow persists, the firm may face significant solvency challenges in the near term, regardless of its current balance sheet position.
The price-to-sales ratio is frequently misapplied to ATGL, as it obscures the company's negative gross margins and high fixed-cost structure, which render revenue growth a poor proxy for actual value creation in this specific, labor-intensive service business model.
Analysts should instead focus on the company's contribution margin and cash burn rate to assess its viability. Using P/S in a business where the cost of revenue exceeds the revenue itself leads to a dangerous overestimation of the firm's intrinsic value, as it ignores the fundamental lack of profitability inherent in the current project-based delivery model.
Includes 30+ ratios · 5 years · Updated daily
DCF models, multiple analysis, and analyst estimates.
10-year return with dividends reinvested.
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Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying ATGL stock.
Alpha Technology Group Limited's current P/E ratio is -21.1x. This places it at the 50th percentile of its historical range.
Alpha Technology Group Limited's return on equity (ROE) is -184.5%. The historical average is -96.7%.
Based on historical data, Alpha Technology Group Limited is trading at a P/E of -21.1x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Alpha Technology Group Limited has -524.8% gross margin and -782.1% operating margin.