Aeries Technology, Inc (AERT) Key Metrics
AERT valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $33.7M
- Enterprise value
- $43.3M
- P/E (TTM)
- 14.5 10-yr median 38.1
- Forward P/E
- —
- PEG ratio
- —
- Price / sales
- 0.4 10-yr median 0.6
- Price / book
- 75.3
- EV / EBITDA
- 5.5 10-yr median 20.6
- Dividend yield
- —
- Beta
- 0.65
AERT key metrics, FY2022–FY2026
Fiscal year ended March 31, 2026 · U.S. dollarsAERT valuation Price multiples at each fiscal year-end price.
AERT returns How much profit the business earns on the capital it uses.
AERT per-share figures Results divided by the shares outstanding at year-end.
AERT financial health Debt, liquidity and how easily interest is covered.
AERT efficiency & capital use Working capital cycle and where the cash goes.
AERT valuation history
AERT returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
AERT debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
AERT cash returned to shareholders
AERT price vs earnings per share
AERT key metrics
FY2022–FY2026| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Valuation | |||||
| Market capitalization | $15.1M | $25.0M | $39.9M | $297.6M | $283.2M |
| Enterprise value | $24.7M | $40.1M | $54.2M | $305.2M | $284.8M |
| P/E ratio | 5.9 | — | 2.5 | 205.8 | 70.2 |
| Price / sales | 0.2 | 0.4 | 0.6 | 5.6 | 6.9 |
| Price / book | — | — | — | 24.4 | 37.5 |
| Price / free cash flow | 2.7 | — | — | 582.3 | 187.5 |
| Price / operating cash flow | 2.2 | — | — | 141.0 | 89.5 |
| EV / sales | 0.4 | 0.6 | 0.7 | 5.7 | 6.9 |
| EV / EBITDA | 3.7 | — | 2.6 | 74.0 | 37.5 |
| EV / free cash flow | 4.4 | — | — | 597.3 | 188.6 |
| Earnings yield | 16.9% | −78.9% | 39.2% | 0.5% | 1.4% |
| Free cash flow yield | 37.4% | −10.0% | −14.6% | 0.2% | 0.5% |
| Shareholder yield (dividends + buybacks) | 3.8% | 2.9% | 0.0% | — | — |
| Share price at fiscal year-end | $2.50 | $4.64 | $20.56 | $82.80 | $78.80 |
| Per share | |||||
| Revenue per share | $11.59 | $13.04 | $37.35 | $14.78 | $11.41 |
| Earnings per share | $0.42 | −$3.66 | $8.06 | $0.40 | $1.12 |
| Operating cash flow per share | $1.12 | −$0.19 | −$2.21 | $0.59 | $0.88 |
| Free cash flow per share | $0.94 | −$0.46 | −$3.00 | $0.14 | $0.42 |
| Cash per share | $0.81 | $0.51 | $1.07 | $0.31 | $0.10 |
| Book value per share | −$0.50 | −$1.08 | −$6.30 | $3.39 | $2.10 |
| Tangible book value per share | −$0.50 | −$1.08 | −$6.30 | $3.39 | $2.10 |
| Capex per share | $0.18 | $0.28 | $0.78 | $0.45 | $0.46 |
| Debt per share | $2.39 | $3.32 | $8.43 | $2.45 | $0.55 |
| Shares outstanding | 6.0M | 5.4M | 1.9M | 3.6M | 3.6M |
| Change in shares outstanding | +12.2% | +177.4% | −46.0% | 0.0% | — |
| Returns & profitability | |||||
| Return on equity (ROE) | — | — | — | 14.6% | 53.4% |
| Return on invested capital (ROIC) | 36.3% | −401.1% | 24.6% | 9.9% | 56.5% |
| Return on assets (ROA) | 6.3% | −44.2% | 37.4% | 5.4% | 21.4% |
| Return on tangible assets | 6.1% | −49.5% | 31.7% | 4.2% | 21.4% |
| Free cash flow margin | 8.1% | −3.6% | −8.0% | 1.0% | 3.7% |
| Income quality (OCF / net income) | 2.65 | — | −0.27 | 1.46 | 0.78 |
| Financial health | |||||
| Total debt | $14.5M | $17.9M | $16.4M | $8.8M | $2.0M |
| Cash & short-term investments | $4.9M | $2.8M | $2.1M | $1.1M | $351,000 |
| Net debt | $9.6M | $15.1M | $14.3M | $7.7M | $1.6M |
| Debt / equity | — | — | — | 0.72 | 0.26 |
| Debt / assets | 0.35 | 0.45 | 0.33 | 0.26 | 0.11 |
| Net debt / EBITDA | 1.42 | — | 0.68 | 1.86 | 0.22 |
| Current ratio | 0.78 | 0.66 | 0.86 | 1.64 | 1.80 |
| Quick ratio | 0.78 | 0.66 | 0.87 | 1.18 | 1.33 |
| Interest coverage | 9.8 | -38.3 | 6.5 | 12.6 | 14.8 |
| Working capital | −$6.8M | −$11.1M | −$5.3M | $8.1M | $5.3M |
| Invested capital | $6.5M | $9.3M | $2.0M | $19.9M | $9.2M |
| Tangible asset value | −$2.6M | −$6.1M | −$1.2M | $13.5M | $8.7M |
| Net current asset value | −$20.6M | −$24.6M | −$17.8M | −$343,000 | $1.8M |
| Graham number | — | — | — | $5.54 | $7.29 |
| Graham net-net per share | −$4.98 | −$6.49 | −$15.85 | −$1.90 | −$0.60 |
| Capital allocation | |||||
| Share buybacks (net) | $580,000 | $724,000 | $0 | — | — |
| Dividends + buybacks / free cash flow | 10.2% | — | — | — | — |
| Capex / revenue | 1.6% | 2.1% | 2.1% | 3.0% | 4.0% |
| Capex / operating cash flow | 16.4% | — | — | 75.8% | 52.3% |
| Capex / depreciation | 1.33 | 1.07 | 1.12 | 1.37 | 1.45 |
| Stock-based compensation / revenue | 0.4% | 18.2% | 2.2% | 7.2% | 0.0% |
| SG&A / revenue | 18.3% | 64.8% | 25.7% | 21.3% | 13.2% |
| Efficiency | |||||
| Days sales outstanding | 61.8 | 90.3 | 93.6 | 74.1 | 72.4 |
| Days of inventory on hand | — | — | 20.4 | 41.6 | 39.6 |
| Days payables outstanding | 60.3 | 50.4 | 32.6 | 15.3 | 10.6 |
| Cash conversion cycle (days) | 1.5 | 39.9 | 81.3 | 100.3 | 101.4 |
| Receivables turnover | 5.91 | 4.04 | 3.90 | 4.93 | 5.04 |
| Payables turnover | 6.05 | 7.24 | 11.19 | 23.80 | 34.49 |
| Inventory turnover | — | — | — | 8.77 | 9.21 |
| Asset turnover | 1.71 | 1.57 | 1.73 | 1.99 | 2.17 |
| Average receivables | $11.9M | $17.4M | $18.6M | $10.8M | $8.1M |
| Average payables | $8.7M | $7.4M | $4.5M | $1.7M | $841,000 |
| Average inventory | — | — | $2.8M | $4.5M | $3.1M |
| Intangibles / total assets | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Computed from AERT's annual financial statements (latest annual report filed June 8, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
AERT valuation and financial ratios
At the end of fiscal 2026 (March 31, 2026), Aeries Technology traded at 5.9 times earnings, against a 5-year median of 38.1. Based on the latest twelve months, the trailing P/E is 14.5. Aeries Technology earned a return on invested capital of 36.3% in fiscal 2026. It ended the year with $14.5 million of debt and $4.9 million in cash and short-term investments, net debt of $9.6 million. It returned $0.6 million to shareholders: $0 in dividends and $0.6 million in share buybacks, 10% of free cash flow. The share count rose 68.1% from 3.6M to 6.0M over 4 years.
See the AERT income statement, the AERT chart for price history, or the AERT stock overview for the latest quote and news.
AERT key metrics FAQ
What is Aeries Technology's P/E ratio?
Aeries Technology's trailing P/E ratio is 14.5 based on the last twelve months of earnings (as of October 18, 2026). At the end of fiscal 2026 it was 5.9, compared with a 5-year median of 38.1.
What is Aeries Technology's EV/EBITDA?
Aeries Technology's enterprise value was 3.7 times EBITDA at the end of fiscal 2026 (enterprise value $24.7 million, EBITDA $6.8 million); the current EV/EBITDA is 5.5.
What is Aeries Technology's ROIC?
Aeries Technology's return on invested capital was 36.3% in fiscal 2026, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Aeries Technology have?
Aeries Technology had total debt of $14.5 million at the end of fiscal 2026 and $9.6 million of net debt (1.42 times EBITDA).
Does Aeries Technology buy back its shares?
Yes. Aeries Technology spent $0.6 million on net share repurchases in fiscal 2026 Shares outstanding changed +12.2% over the year, to 6.0M..
What is Aeries Technology's free cash flow yield?
Aeries Technology generated $5.7 million of free cash flow in fiscal 2026, a free cash flow yield of 37.4% on its market value at year-end ($15.1 million).
What is Aeries Technology's current ratio?
Aeries Technology's current ratio was 0.78 at the end of fiscal 2026: current assets were 0.78 times current liabilities.