Latest Ratios: P/E Ratio 30.1x · EV/EBITDA 6.9x · ROE 0.9%. (1998–2025 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 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $10M | $10M | $15M | $9M | $11M | $14M | $10M | $7M | $10M | $8M | $11M |
| Enterprise Value | $40M | $41M | $47M | $43M | $43M | $34M | $32M | $31M | $20M | $19M | $21M |
| P/E Ratio → | 30.13 | 32.69 | 11.38 | — | — | 7.08 | 722.22 | — | — | — | — |
| P/S Ratio | 0.12 | 0.13 | 0.18 | 0.12 | 0.13 | 0.20 | 0.17 | 0.11 | 0.16 | 0.14 | 0.18 |
| P/B Ratio | 0.26 | 0.28 | 0.41 | 0.26 | 0.28 | 0.36 | 0.27 | 0.20 | 0.27 | 0.19 | 0.27 |
| P/FCF | 4.70 | 5.10 | 13.47 | — | — | — | — | — | — | — | — |
| P/OCF | 2.56 | 2.77 | 4.47 | 3.96 | 4.75 | 5.96 | 3.92 | 2.36 | 3.31 | 6.09 | 4.34 |
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 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.49 | 0.56 | 0.54 | 0.53 | 0.48 | 0.55 | 0.45 | 0.33 | 0.34 | 0.35 |
| EV / EBITDA | 6.93 | 7.07 | 6.73 | 12.15 | 11.17 | 9.14 | 10.56 | 11.64 | 113.80 | 6.95 | 8.10 |
| EV / EBIT | 19.96 | 20.36 | 15.25 | 388.79 | 74.03 | 11.61 | 25.37 | 232.30 | — | 3788.40 | 224.16 |
| EV / FCF | — | 20.05 | 41.96 | — | — | — | — | — | — | — | — |
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 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 15.0% | 15.0% | 20.6% | 17.1% | 17.2% | 19.3% | 19.9% | 17.7% | 20.0% | 20.0% | 17.7% |
| Operating Margin | 2.4% | 2.4% | 3.7% | -0.3% | 0.4% | 0.8% | 0.2% | 0.2% | -4.3% | -0.5% | -0.3% |
| Net Profit Margin | 0.4% | 0.4% | 1.6% | -2.2% | -0.7% | 2.8% | 0.0% | -0.7% | -1.8% | -0.5% | -0.1% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 0.9% | 0.9% | 3.6% | -4.8% | -1.5% | 5.2% | 0.0% | -1.2% | -2.9% | -0.7% | -0.2% |
| ROA | 0.4% | 0.4% | 1.5% | -2.0% | -0.7% | 2.5% | 0.0% | -0.6% | -1.8% | -0.5% | -0.1% |
| ROIC | 2.2% | 2.2% | 3.3% | -0.3% | 0.4% | 0.7% | 0.2% | 0.2% | -4.1% | -0.4% | -0.3% |
| ROCE | 2.8% | 2.8% | 4.4% | -0.4% | 0.5% | 0.9% | 0.2% | 0.2% | -5.4% | -0.5% | -0.4% |
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 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.94 | 0.94 | 0.94 | 0.97 | 0.88 | 0.58 | 0.71 | 0.67 | 0.31 | 0.30 | 0.30 |
| Debt / EBITDA | 5.98 | 5.98 | 4.97 | 9.86 | 8.80 | 6.20 | 8.62 | 9.38 | 65.19 | 4.54 | 4.71 |
| Net Debt / Equity | — | 0.83 | 0.86 | 0.94 | 0.84 | 0.50 | 0.59 | 0.63 | 0.27 | 0.28 | 0.24 |
| Net Debt / EBITDA | 5.28 | 5.28 | 4.57 | 9.52 | 8.37 | 5.31 | 7.24 | 8.83 | 57.34 | 4.16 | 3.83 |
| Debt / FCF | — | 14.95 | 28.49 | — | — | — | — | — | — | — | — |
| Interest Coverage | 0.99 | 0.99 | 1.51 | 0.05 | 0.39 | 2.50 | 1.04 | 0.16 | -3.58 | 0.01 | 0.25 |
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 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.01 | 1.01 | 0.94 | 0.78 | 0.85 | 0.89 | 0.89 | 0.82 | 0.96 | 0.98 | 1.02 |
| Quick Ratio | 0.92 | 0.92 | 0.84 | 0.69 | 0.78 | 0.82 | 0.84 | 0.78 | 0.91 | 0.92 | 0.96 |
| Cash Ratio | 0.24 | 0.24 | 0.18 | 0.07 | 0.09 | 0.18 | 0.25 | 0.08 | 0.09 | 0.08 | 0.16 |
| Asset Turnover | — | 0.94 | 0.97 | 0.92 | 0.90 | 0.90 | 0.75 | 0.86 | 0.96 | 0.85 | 0.90 |
| Inventory Turnover | 45.67 | 45.67 | 42.73 | 40.15 | 46.01 | 51.43 | 51.66 | 69.22 | 60.72 | 52.56 | 65.35 |
| Days Sales Outstanding | — | 45.26 | 39.97 | 45.63 | 52.72 | 54.51 | 57.99 | 67.34 | 74.78 | 68.53 | 67.52 |
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 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 3.3% | 3.1% | 8.8% | — | — | 14.1% | 0.1% | — | — | — | — |
| FCF Yield | 21.3% | 19.6% | 7.4% | — | — | — | — | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Shares Outstanding | — | $4M | $4M | $4M | $4M | $4M | $4M | $4M | $4M | $4M | $4M |
Regional Industrial Cyclicality
As reported in financial statements, AWX trades at a P/S ratio of 0.12 and a P/B of 0.26, suggesting that the market is pricing the company as a distressed asset play rather than a growth-oriented industrial services provider, despite a TTM P/E ratio of 30.13.
The disconnect between the low P/B and the elevated P/E suggests that investors are heavily discounting the company's earnings potential while placing a floor on the value of its physical assets. This valuation profile implies that the market views the current profitability as unsustainable, warranting further investigation into whether the underlying real estate and permits provide a genuine margin of safety.
Based on the provided quarterly data, AWX has struggled to maintain positive ROIC, with figures frequently dipping into negative territory, such as the -1.3% reported in 2025Q1, indicating a fundamental inability to generate returns that exceed the cost of capital across its disparate business segments.
The inability to consistently compound capital suggests that the company's diversification into hospitality may be diluting the returns generated by its waste management operations. Investors should monitor whether management can improve asset utilization, as the current trend of decaying returns appears to be a structural impediment to long-term value creation.
According to recent SEC filings, AWX's asset turnover remains stagnant at approximately 0.20 to 0.29, reflecting a business model that is heavily reliant on fixed assets while struggling to optimize the cash conversion cycle amidst fluctuating regional industrial demand and seasonal hospitality revenue.
The variability in DSO, which has ranged from 43 to 60 days, suggests that the company lacks strong leverage over its customer base, potentially leading to liquidity pressure during periods of industrial slowdown. This inefficiency in working capital management appears to be a primary driver of the company's inconsistent cash flow generation.
As evidenced by the quarterly financial data, the current ratio has consistently hovered near or below 1.0, with a 2026Q1 reading of 0.96, indicating that the company maintains a very thin liquidity buffer to absorb unexpected shocks in its high-fixed-cost waste and resort operations.
The reliance on a quick ratio that frequently falls below 0.90 suggests that the company is highly dependent on the timely conversion of receivables to meet its short-term obligations. This liquidity profile leaves little room for error, particularly given the inherent volatility of the company's regional waste brokerage and discretionary hospitality segments.
The P/E ratio is the most commonly misapplied metric for AWX, as it obscures the company's true nature as a regional asset and permit holding entity, leading to a distorted perception of its value that ignores the underlying real estate and regulatory barriers to entry.
Because the company's net margins are razor-thin and highly sensitive to non-recurring items, the P/E ratio provides little insight into the company's intrinsic value. Analysts should instead focus on an asset-based valuation or an EV/EBITDA approach that accounts for the replacement cost of the specialized injection wells and the market value of the resort real estate.
Includes 30+ ratios · 28 years · Updated daily
DCF models, multiple analysis, and analyst estimates.
10-year return with dividends reinvested.
See how regular investing compounds over time.
Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying AWX stock.
Avalon Holdings Corporation's current P/E ratio is 30.1x. The historical average is 21.8x. This places it at the 70th percentile of its historical range.
Avalon Holdings Corporation's current EV/EBITDA is 6.9x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 7.7x.
Avalon Holdings Corporation's return on equity (ROE) is 0.9%. The historical average is -1.3%.
Based on historical data, Avalon Holdings Corporation is trading at a P/E of 30.1x. This is at the 70th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Avalon Holdings Corporation has 15.0% gross margin and 2.4% operating margin.
Avalon Holdings Corporation's Debt/EBITDA ratio is 6.0x, indicating high leverage. A ratio above 4x may signal elevated financial risk.