American Resources Corporation (AREC) Key Metrics
AREC valuation today
Trailing 12 months · as of October 17, 2026- Market cap
- $121.9M
- Enterprise value
- $133.2M
- P/E (TTM)
- —
- Forward P/E
- 2.8
- PEG ratio
- —
- Price / sales
- — 10-yr median 10.7
- Price / book
- 2.1
- EV / EBITDA
- —
- Dividend yield
- —
- Beta
- 1.17
AREC key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsAREC valuation Price multiples at each fiscal year-end price.
AREC returns How much profit the business earns on the capital it uses.
AREC per-share figures Results divided by the shares outstanding at year-end.
AREC financial health Debt, liquidity and how easily interest is covered.
AREC efficiency & capital use Working capital cycle and where the cash goes.
AREC valuation history
AREC returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
AREC debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
AREC cash returned to shareholders
AREC price vs earnings per share
AREC key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $216.4M | $78.0M | $112.4M | $87.5M | $99.4M | $57.3M | $15.2M | — | — | — |
| Enterprise value | $152.3M | $297.3M | $156.8M | $103.4M | $103.6M | $77.3M | $48.6M | — | — | — |
| P/E ratio | 3.9 | — | — | — | — | — | — | — | — | — |
| Price / sales | — | 203.5 | 8.5 | 2.2 | 12.8 | 54.0 | 0.6 | — | — | — |
| Price / book | 2.3 | — | — | 307.5 | — | — | — | — | — | — |
| Price / operating cash flow | — | — | — | 34.3 | — | — | — | — | — | — |
| EV / sales | — | 775.8 | 11.8 | 2.6 | 13.4 | 73.0 | 2.0 | — | — | — |
| EV / EBITDA | — | — | — | 29.5 | — | — | — | — | — | — |
| Earnings yield | 25.6% | −51.4% | −34.3% | −1.7% | −32.7% | −17.9% | −467.2% | — | — | — |
| Free cash flow yield | −8.2% | −29.9% | −9.4% | −4.0% | −32.4% | −24.2% | −128.7% | — | — | — |
| Dividend yield | 0.3% | 1.7% | — | — | 3.3% | — | — | — | — | — |
| Shareholder yield (dividends + buybacks) | 0.3% | 1.7% | 0.0% | 0.1% | 9.0% | 0.0% | 0.0% | — | — | — |
| Share price at fiscal year-end | $2.48 | $1.01 | $1.49 | $1.32 | $1.80 | $1.95 | $0.63 | $10.00 | $0.05 | — |
| Per share | ||||||||||
| Revenue per share | $0.00 | $0.00 | $0.18 | $0.60 | $0.14 | $0.04 | $1.02 | — | — | — |
| Earnings per share | $0.63 | −$0.52 | −$0.51 | −$0.02 | −$0.59 | −$0.35 | −$2.94 | — | — | — |
| Operating cash flow per share | −$0.20 | −$0.29 | −$0.09 | $0.04 | −$0.53 | −$0.47 | −$0.80 | — | — | — |
| Free cash flow per share | −$0.20 | −$0.30 | −$0.14 | −$0.05 | −$0.58 | −$0.47 | −$0.81 | — | — | — |
| Cash per share | $0.83 | $0.02 | $0.04 | $0.13 | $0.21 | $0.36 | $0.00 | — | — | — |
| Book value per share | $1.09 | −$1.04 | −$0.58 | $0.00 | −$0.04 | −$0.68 | −$1.36 | — | — | — |
| Tangible book value per share | $1.09 | −$1.04 | −$0.60 | −$0.00 | −$0.05 | −$0.68 | −$1.36 | — | — | — |
| Dividends per share | $0.01 | $0.02 | — | — | $0.06 | — | — | — | — | — |
| Capex per share | $0.00 | $0.01 | $0.05 | $0.09 | $0.06 | $0.10 | $0.01 | — | — | — |
| Debt per share | $0.09 | $2.86 | $0.62 | $0.37 | $0.28 | $1.05 | $1.39 | — | — | — |
| Shares outstanding | 87.3M | 77.2M | 75.4M | 66.3M | 55.2M | 29.4M | 24.1M | — | — | — |
| Change in shares outstanding | +13.0% | +2.4% | +13.7% | +20.1% | +88.1% | +21.9% | — | — | — | — |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 768.1% | — | — | — | — | — | — | — | — | — |
| Return on invested capital (ROIC) | −10.5% | −37.4% | −336.5% | −170.4% | — | — | −824.3% | — | — | — |
| Return on assets (ROA) | 29.6% | −29.7% | −63.9% | −2.9% | −80.0% | −27.9% | −185.2% | −43.3% | −156.5% | −117.0% |
| Return on tangible assets | 32.8% | −19.6% | −61.4% | −2.6% | −76.6% | −26.7% | −201.3% | −31.2% | −78.7% | −740.1% |
| Free cash flow margin | — | — | −80.1% | −8.9% | −414.7% | — | −79.8% | −11.1% | −27.9% | −70.2% |
| Income quality (OCF / net income) | −0.32 | — | — | — | — | — | — | — | — | — |
| Financial health | ||||||||||
| Total debt | $8.1M | $220.5M | $47.1M | $24.8M | $15.7M | $30.7M | $33.5M | $22.2M | $14.7M | $50,000 |
| Cash & short-term investments | $72.2M | $1.2M | $2.7M | $8.9M | $11.5M | $10.6M | $3,324 | $2.3M | $186,722 | $83,807 |
| Net debt | −$64.1M | $219.3M | $44.4M | $15.9M | $4.2M | $20.1M | $33.5M | $19.9M | $14.5M | −$33,807 |
| Debt / equity | 0.09 | — | — | 86.98 | — | — | — | — | — | — |
| Debt / assets | 0.05 | 1.08 | 0.73 | 0.44 | 0.37 | 0.80 | 0.95 | 0.54 | 0.81 | 0.52 |
| Net debt / EBITDA | — | — | — | 4.53 | — | — | — | — | — | — |
| Current ratio | 2.19 | 0.13 | 0.49 | 0.39 | 0.93 | 0.54 | 0.07 | 0.16 | 0.08 | 0.54 |
| Quick ratio | 2.19 | 0.12 | 0.49 | 0.38 | 0.93 | 0.53 | 0.06 | 0.16 | 0.06 | 0.51 |
| Interest coverage | -6.4 | -4.1 | -18.3 | -13.7 | -6.8 | -4.8 | -5.6 | -6.3 | -13.5 | — |
| Working capital | $73.1M | −$73.5M | −$39.2M | −$16.7M | −$1.2M | −$9.7M | −$41.8M | −$22.2M | −$32.7M | −$77,522 |
| Invested capital | $30.7M | $139.0M | $902,092 | $16.2M | $1.9M | $80,356 | $754,146 | $10.7M | −$25.6M | −$176,623 |
| Tangible asset value | $93.2M | −$81.9M | −$47.0M | −$137,819 | −$2.8M | −$20.0M | −$32.7M | −$9.2M | −$40.1M | −$71,527 |
| Net current asset value | $58.5M | −$275.6M | −$71.9M | −$44.9M | −$29.9M | −$47.2M | −$64.8M | −$46.3M | −$55.7M | −$77,522 |
| Graham number | $3.94 | — | — | — | — | — | — | — | — | — |
| Graham net-net per share | $0.47 | −$3.68 | −$1.41 | −$0.69 | −$0.57 | −$1.62 | −$2.73 | — | — | — |
| Capital allocation | ||||||||||
| Dividends paid | $559,476 | $1.4M | — | — | $3.3M | — | — | $0 | $0 | $2,718 |
| Share buybacks (net) | — | — | $0 | $93,435 | $5.6M | $0 | $0 | $0 | $0 | $0 |
| Dividend payout ratio | 1.0% | — | — | — | — | — | — | — | — | — |
| Capex / revenue | — | 276.3% | 27.3% | 15.4% | 39.6% | 289.6% | 1.3% | 0.4% | 0.8% | 2.0% |
| Capex / operating cash flow | — | — | — | 238.3% | — | — | — | — | — | — |
| Capex / depreciation | 0.30 | 0.21 | 2.81 | 1.72 | 0.95 | 1.10 | 0.05 | 0.05 | 0.07 | 0.08 |
| Stock-based compensation / revenue | — | 972.1% | 11.4% | 4.5% | 14.1% | 21.7% | 1.5% | 2.5% | 0.2% | 36.1% |
| R&D / revenue | — | 560.5% | 85.5% | 71.3% | 233.4% | 377.4% | 29.6% | 12.1% | 32.9% | 1,195.4% |
| SG&A / revenue | — | 6,171.2% | 93.0% | 13.0% | 299.9% | 713.6% | 78.0% | 36.0% | 42.9% | 229.8% |
| Efficiency | ||||||||||
| Days sales outstanding | — | 912.0 | 19.3 | 17.7 | 81.2 | 505.0 | 32.2 | 20.6 | 16.7 | 66.6 |
| Days of inventory on hand | — | 77.6 | 8.8 | 3.2 | — | 23.8 | 4.1 | 5.0 | 5.3 | 20.6 |
| Days payables outstanding | 4,060,070.7 | 542.7 | 126.2 | 58.5 | 163.8 | 547.9 | 115.4 | 87.3 | 46.0 | 55.4 |
| Cash conversion cycle (days) | — | 447.0 | -98.1 | -37.5 | -79.4 | -19.2 | -79.1 | -61.7 | -24.0 | 31.8 |
| Receivables turnover | 0.00 | 0.40 | 18.88 | 20.58 | 4.50 | 0.72 | 11.34 | 17.72 | 21.88 | 5.48 |
| Payables turnover | 0.00 | 0.67 | 2.89 | 6.24 | 2.23 | 0.67 | 3.16 | 4.18 | 7.94 | 6.59 |
| Inventory turnover | — | 4.70 | 41.56 | 114.05 | — | 15.33 | 89.22 | 72.33 | 68.76 | 17.76 |
| Asset turnover | 0.00 | 0.00 | 0.22 | 0.80 | 0.19 | 0.03 | 0.64 | 1.06 | 2.27 | 0.24 |
| Average receivables | $30.3M | $957,576 | $700,999 | $1.9M | $1.7M | $1.5M | $2.2M | $1.8M | $951,396 | $26,872 |
| Average payables | $28.5M | $3.8M | $4.1M | $4.1M | $3.8M | $7.7M | $9.6M | $6.7M | $2.7M | $12,279 |
| Average inventory | — | $544,990 | $288,340 | $223,345 | $75,252 | $333,067 | $339,715 | $389,448 | $310,028 | $4,558 |
| Intangibles / total assets | 0.0% | 0.0% | 3.1% | 0.8% | 1.1% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Computed from AREC's annual financial statements (latest annual report filed May 20, 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.
AREC valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), American Resources traded at 3.9 times earnings. American Resources earned a return on equity of 768.1% and a return on invested capital of −10.5% in fiscal 2025. It ended the year with $8.1 million of debt and $72.2 million in cash and short-term investments, a net cash position of $64.1 million. It returned $0.6 million to shareholders: $0.6 million in dividends and $0 in share buybacks.
See the AREC income statement, the AREC chart for price history, or the AREC stock overview for the latest quote and news.
AREC key metrics FAQ
What is American Resources's P/E ratio?
American Resources traded at 3.9 times earnings at the end of fiscal 2025.
What is American Resources's return on equity?
American Resources's return on equity (ROE) was 768.1% in fiscal 2025: net income of $55.4 million on average shareholders' equity of $7.2 million.
What is American Resources's ROIC?
American Resources's return on invested capital was −10.5% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does American Resources have?
American Resources had total debt of $8.1 million at the end of fiscal 2025, a debt-to-equity ratio of 0.09 and more cash than debt.
What is American Resources's dividend yield?
American Resources paid $0.6 million in dividends in fiscal 2025 ($0.01 per share), a payout ratio of 1.0%.
What is American Resources's free cash flow yield?
American Resources generated -$17.8 million of free cash flow in fiscal 2025, a free cash flow yield of −8.2% on its market value at year-end ($216.4 million).
What is American Resources's current ratio?
American Resources's current ratio was 2.19 at the end of fiscal 2025: current assets were 2.19 times current liabilities.