Latest Ratios: P/E Ratio -5.4x · EV/EBITDA N/A · ROE -90.6%. (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 | $227M | $241M | $141M | $129M | $88M | $632M | $94M | — | — | — |
| Enterprise Value | $217M | $230M | $129M | $129M | $88M | $625M | $90M | — | — | — |
| P/E Ratio → | -5.36 | — | — | — | — | — | — | — | — | — |
| P/S Ratio | 28.79 | 30.45 | 19.74 | 11.35 | 9.41 | 235.41 | 88.34 | — | — | — |
| P/B Ratio | 2.67 | 3.15 | 20.67 | — | 30.47 | 57.95 | — | — | — | — |
| 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 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 29.07 | 18.05 | 11.32 | 9.42 | 232.59 | 84.27 | — | — | — |
| 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 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 13.8% | 13.8% | 27.7% | 17.5% | 19.6% | 24.4% | 20.1% | 43.4% | 34.4% | 30.2% |
| Operating Margin | -461.4% | -461.4% | -204.2% | -167.9% | -178.6% | -341.2% | -250.6% | -47.3% | -7.8% | -18.5% |
| Net Profit Margin | -477.6% | -477.6% | -237.2% | -141.2% | -177.1% | -1458.6% | -557.4% | -212.1% | -7.8% | -24.3% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -90.6% | -90.6% | -749.5% | -5538.3% | -240.0% | -876.7% | -181.1% | -66.8% | -43.4% | — |
| ROA | -72.5% | -72.5% | -124.1% | -151.4% | -123.4% | -340.8% | -63.1% | -57.2% | -12.4% | -22.6% |
| ROIC | -90.8% | -90.8% | — | -8922.9% | -400.3% | -204.8% | -171.0% | -10.7% | -33.3% | -1531.3% |
| ROCE | -85.2% | -85.2% | -286.2% | -408.7% | -183.4% | -94.9% | -32.5% | -14.3% | -181.2% | — |
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 | 0.03 | 0.03 | 0.20 | — | 0.91 | 0.08 | — | 0.05 | 1.94 | — |
| Debt / EBITDA | — | — | — | — | — | — | — | — | — | — |
| Net Debt / Equity | — | -0.14 | -1.77 | — | 0.00 | -0.69 | — | 0.01 | 0.90 | — |
| Net Debt / EBITDA | — | — | — | — | — | — | — | — | — | — |
| Debt / FCF | — | — | — | — | — | — | — | — | — | 1.08 |
| Interest Coverage | -193.91 | -193.91 | -408.85 | -290.24 | -188.14 | -2866.71 | -55.36 | -22.44 | -3813.16 | — |
Net cash position: cash ($14M) exceeds total debt ($3M)
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 | 11.42 | 11.42 | 1.48 | 0.84 | 1.11 | 4.62 | 4.75 | 6.61 | 30.90 | 0.43 |
| Quick Ratio | 10.86 | 10.86 | 1.42 | 0.80 | 1.05 | 4.14 | 4.74 | 6.58 | 26.03 | 0.40 |
| Cash Ratio | 10.00 | 10.00 | 1.19 | 0.42 | 0.42 | 3.60 | 4.16 | 5.36 | 30.90 | 0.10 |
| Asset Turnover | — | 0.09 | 0.38 | 1.34 | 0.74 | 0.19 | 0.12 | 0.14 | 5.36 | 0.93 |
| Inventory Turnover | 1.75 | 1.75 | 6.51 | 37.53 | 20.05 | 1.77 | 44.89 | 20.61 | 22.31 | 18.12 |
| Days Sales Outstanding | — | 158.87 | 121.33 | 58.21 | 88.76 | 168.70 | 88.17 | 257.93 | — | 56.56 |
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 | — | — | — | — | — | — | — | — | — | — |
| FCF Yield | — | — | — | — | — | — | — | — | — | — |
| Buyback Yield | 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% | — | — | — |
| Shares Outstanding | — | $37M | $21M | $38M | $28M | $23M | $17M | $13M | $739149 | $1M |
Imminent liquidity and dilution
According to current market data, A2Z trades at a price-to-sales multiple of 27.69, a figure that appears significantly detached from the company's negative net margins and the lack of a clear path to profitability, suggesting investors are pricing in speculative growth rather than fundamental earnings power.
The high P/S ratio relative to the broader software sector implies that the market is valuing A2Z as a high-growth technology disruptor despite its hardware-heavy cost structure. This valuation warrants caution, as it assumes a rapid transition to high-margin software revenue that is not yet supported by the company's historical financial performance.
Based on reported figures, A2Z's return on invested capital has remained consistently negative, with a recent trough of -69.5% in 2025Q2, indicating that the company is currently destroying shareholder value rather than compounding it through its retail automation and defense engineering investments.
The persistent negative ROIC suggests that the capital deployed into hardware manufacturing and R&D is failing to generate sufficient returns to cover the cost of capital. This trend indicates that the company's current business model is structurally inefficient and requires a fundamental shift in capital allocation to achieve long-term viability.
As reported in financial statements, the company's cash conversion cycle has shown extreme volatility, peaking at 278 days in 2025Q3, which highlights significant friction in managing inventory and receivables as the firm attempts to scale its smart cart deployments across international retail markets.
The high and fluctuating CCC suggests that A2Z is struggling to efficiently convert its hardware investments into cash, likely due to long lead times in manufacturing and potential delays in customer payments. This inefficiency places additional pressure on the company's limited liquidity and increases the risk of further cash burn.
According to recent SEC filings, the company's current ratio has plummeted from 10.57 in 2026Q1 to levels that suggest a narrowing margin of safety, leaving the firm increasingly vulnerable to operational shocks and the ongoing need for external financing to sustain its high-burn business model.
While the current ratio may appear superficially high, the rapid decline in liquid assets relative to operational liabilities indicates that the company's liquidity position is deteriorating. Investors should monitor the cash runway closely, as the current rate of depletion may necessitate dilutive capital raises in the near term.
The most commonly misapplied metric for A2Z is the software-sector price-to-sales ratio, which obscures the company's true nature as a capital-intensive hardware manufacturer with low gross margins and significant inventory risks that are not typical of high-margin, scalable software-as-a-service business models.
By applying software multiples to a business with a 13.85% gross margin, analysts risk overestimating the company's potential for operating leverage. A more appropriate approach would be to evaluate A2Z using hardware-centric metrics, such as EV/Revenue adjusted for manufacturing costs, to better reflect the structural constraints of its current operations.
Includes 30+ ratios · 9 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 AZ stock.
A2Z Cust2Mate Solutions Corp.'s current P/E ratio is -5.4x. This places it at the 50th percentile of its historical range.
A2Z Cust2Mate Solutions Corp.'s return on equity (ROE) is -90.6%. The historical average is -124.4%.
Based on historical data, A2Z Cust2Mate Solutions Corp. is trading at a P/E of -5.4x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
A2Z Cust2Mate Solutions Corp. has 13.8% gross margin and -461.4% operating margin.