ASA Gold and Precious Metals Limited (ASA) Key Metrics
ASA valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $961.9M
- Enterprise value
- $958.0M
- P/E (TTM)
- 1.4 10-yr median 3.0
- Forward P/E
- —
- PEG ratio
- —
- Price / sales
- 138.8 10-yr median 6.2
- Price / book
- 0.8 10-yr median 0.9
- EV / EBITDA
- — 10-yr median 2.9
- Dividend yield
- 0.15% $0.08 a year
- Beta
- 0.77
ASA key metrics, FY2016–FY2025
Fiscal year ended November 30, 2025 · U.S. dollarsASA valuation Price multiples at each fiscal year-end price.
P/E ratio−56.1%
1.5
FY2025 · hover or tap a bar for each year
FY2016FY2025
Price / sales+15.1%
6.7
FY2025 · hover or tap a bar for each year
FY2016FY2025
Price / book+2.1%
0.9
FY2025 · hover or tap a bar for each year
FY2016FY2025
EV / EBITDA−55.8%
1.5
FY2025 · hover or tap a bar for each year
FY2016FY2025
ASA returns How much profit the business earns on the capital it uses.
Return on equity+56.4 pts
86.0%
FY2025 · hover or tap a bar for each year
FY2016FY2025
Return on invested capital+45.4 pts
69.1%
FY2025 · hover or tap a bar for each year
FY2016FY2025
Return on assets+56.3 pts
85.8%
FY2025 · hover or tap a bar for each year
FY2016FY2025
Asset turnover+10.8%
0.19
FY2025 · hover or tap a bar for each year
FY2016FY2025
ASA per-share figures Results divided by the shares outstanding at year-end.
Revenue per share+124.6%
$7.89
FY2025 · hover or tap a bar for each year
FY2016FY2025
Earnings per share+489.1%
$35.35
FY2025 · hover or tap a bar for each year
FY2016FY2025
Book value per share+153.3%
$58.54
FY2025 · hover or tap a bar for each year
FY2016FY2025
Shares outstanding−2.2%
18.8M
FY2025 · hover or tap a bar for each year
FY2016FY2025
ASA financial health Debt, liquidity and how easily interest is covered.
Net debt+$503,550
−$4.1M
FY2025 · hover or tap a bar for each year
FY2016FY2025
Net debt / EBITDA+0.03
−0.01
FY2025 · hover or tap a bar for each year
FY2016FY2025
Current ratio−93.6%
6.28
FY2025 · hover or tap a bar for each year
FY2016FY2025
ASA efficiency & capital use Working capital cycle and where the cash goes.
Days sales outstanding+3 days
5 days
FY2025 · hover or tap a bar for each year
FY2016FY2025
Days payables outstanding−3 days
3 days
FY2025 · hover or tap a bar for each year
FY2016FY2025
Cash conversion cycle+6 days
3 days
FY2025 · hover or tap a bar for each year
FY2016FY2025
Capex / revenue0.0 pts
0.0%
FY2025 · hover or tap a bar for each year
FY2016FY2025
ASA valuation history
Fiscal year-endToday10-year median
ASA returns on capital
ROEROICROA
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
ASA debt vs cash
Total debtCash & short-term investments
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
ASA cash returned to shareholders
DividendsBuybacksFree cash flow
ASA price vs earnings per share
Share price at year-endEPS (right axis)
ASA key metrics
FY2016–FY2025| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $990.5M | $391.8M | $297.8M | $275.1M | $399.8M | $384.1M | $235.3M | $167.0M | $214.1M | $208.3M |
| Enterprise value | $986.4M | $387.2M | $293.0M | $274.2M | $399.7M | $382.8M | $230.8M | $163.6M | $210.4M | $204.1M |
| P/E ratio | 1.5 | 3.4 | 30.6 | — | 21.8 | 2.2 | 2.6 | — | 122.8 | 2.5 |
| Price / sales | 6.7 | 5.8 | 26.2 | — | 20.7 | 2.1 | 2.5 | — | — | — |
| Price / book | 0.9 | 0.9 | 0.9 | 0.8 | 0.8 | 0.8 | 0.8 | 0.9 | 0.9 | 0.9 |
| Price / free cash flow | — | — | — | — | 21.8 | 2.2 | 2.6 | — | 122.8 | 2.5 |
| Price / operating cash flow | — | — | — | — | 21.8 | 2.2 | 2.6 | — | 122.8 | 2.5 |
| EV / sales | 6.7 | 5.7 | 25.8 | — | 20.7 | 2.1 | 2.5 | — | — | — |
| EV / EBITDA | 1.5 | 3.4 | 30.1 | — | 21.8 | 2.1 | 2.5 | — | 120.5 | 2.5 |
| EV / free cash flow | — | — | — | — | 21.8 | 2.1 | 2.5 | — | 120.7 | 2.5 |
| Earnings yield | 67.0% | 29.4% | 3.3% | −56.7% | 4.6% | 46.5% | 38.9% | −29.2% | 0.8% | 40.0% |
| Free cash flow yield | — | — | — | — | 4.6% | 46.5% | 38.9% | −29.2% | 0.8% | 40.0% |
| Dividend yield | — | — | — | — | 0.1% | 0.1% | 0.2% | 0.3% | 0.4% | 0.4% |
| Shareholder yield (dividends + buybacks) | — | — | — | — | 0.1% | 0.1% | 0.2% | 0.3% | 0.4% | 0.4% |
| Share price at fiscal year-end | $52.72 | $20.39 | $15.31 | $14.26 | $20.70 | $19.91 | $12.20 | $8.66 | $11.05 | $10.81 |
| Per share | ||||||||||
| Revenue per share | $7.89 | $3.51 | $0.58 | $0.00 | $1.00 | $9.31 | $4.86 | $0.00 | $0.00 | $0.00 |
| Earnings per share | $35.35 | $6.00 | $0.50 | −$8.08 | $0.95 | $9.25 | $4.74 | −$2.53 | $0.09 | $4.32 |
| Operating cash flow per share | — | — | — | — | $0.95 | $9.25 | $4.74 | −$2.53 | $0.09 | $4.32 |
| Free cash flow per share | — | — | — | — | $0.95 | $9.25 | $4.74 | −$2.53 | $0.09 | $4.32 |
| Cash per share | $0.22 | $0.25 | $0.25 | $0.05 | $0.00 | $0.07 | $0.24 | $0.18 | $0.19 | $0.22 |
| Book value per share | $58.54 | $23.11 | $17.22 | $16.88 | $24.95 | $24.05 | $14.82 | $10.10 | $12.60 | $12.62 |
| Tangible book value per share | $58.54 | $23.11 | $17.22 | $16.88 | $24.95 | $24.05 | $14.82 | $10.10 | $12.60 | $12.62 |
| Dividends per share | — | — | — | — | $0.02 | $0.02 | $0.02 | $0.03 | $0.04 | $0.04 |
| Capex per share | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Debt per share | — | $0.01 | — | — | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Shares outstanding | 18.8M | 19.2M | 19.5M | 19.3M | 19.3M | 19.3M | 19.3M | 19.3M | 19.4M | 19.3M |
| Change in shares outstanding | −2.2% | −1.2% | +0.8% | −0.1% | +0.1% | 0.0% | +0.0% | −0.5% | +0.5% | −0.1% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 86.0% | 29.6% | 2.9% | −38.6% | 3.9% | 47.6% | 38.0% | −22.2% | 0.7% | 41.2% |
| Return on invested capital (ROIC) | 69.1% | 23.7% | 1.5% | −30.6% | 1.9% | 48.0% | 38.7% | −17.8% | 0.3% | 21.7% |
| Return on assets (ROA) | 85.8% | 29.5% | 2.9% | −38.6% | 3.9% | 47.5% | 37.9% | −22.1% | 0.7% | 40.9% |
| Return on tangible assets | 60.3% | 25.9% | 2.9% | −47.8% | 3.8% | 38.4% | 31.9% | −24.9% | 0.7% | 34.0% |
| Free cash flow margin | — | — | — | — | 94.8% | 99.3% | 97.6% | — | — | — |
| Income quality (OCF / net income) | — | — | — | — | 1.00 | 1.00 | 1.00 | — | 1.00 | 1.00 |
| Financial health | ||||||||||
| Total debt | — | $112,293 | — | — | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash & short-term investments | $4.1M | $4.8M | $4.8M | $909,511 | $79,943 | $1.3M | $4.6M | $3.4M | $3.7M | $4.3M |
| Net debt | −$4.1M | −$4.6M | −$4.8M | −$909,511 | −$79,943 | −$1.3M | −$4.6M | −$3.4M | −$3.7M | −$4.3M |
| Debt / equity | — | 0.00 | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt / assets | — | 0.00 | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net debt / EBITDA | −0.01 | −0.04 | −0.50 | — | −0.00 | −0.01 | −0.05 | — | −2.11 | −0.05 |
| Current ratio | 6.28 | 97.48 | 14.13 | 3.83 | 0.91 | 3.73 | 14.60 | 19.42 | 26.67 | 26.84 |
| Quick ratio | 6.28 | 97.48 | 14.37 | 3.83 | 0.91 | 0.29 | 14.60 | 19.42 | 26.67 | 26.84 |
| Working capital | $6.7M | $5.3M | $4.9M | $885,159 | −$41,342 | $1.2M | $4.4M | $3.4M | $4.2M | $4.2M |
| Invested capital | $1.10B | $439.5M | $330.1M | $324.7M | $481.8M | $462.6M | $281.3M | $191.4M | $240.5M | $239.0M |
| Tangible asset value | $1.10B | $444.2M | $334.9M | $325.6M | $482.2M | $463.9M | $285.9M | $194.8M | $244.2M | $243.2M |
| Net current asset value | $5.9M | $4.1M | $4.5M | $505,917 | −$41,342 | $813,671 | $4.0M | $2.3M | $3.0M | $2.6M |
| Graham number | $215.77 | $55.86 | $13.92 | — | $23.09 | $70.75 | $39.76 | — | $5.05 | $35.02 |
| Graham net-net per share | $0.25 | $0.20 | $0.22 | $0.02 | −$0.01 | $0.07 | $0.20 | $0.12 | $0.15 | $0.13 |
| Capital allocation | ||||||||||
| Dividends paid | — | — | — | — | $385,800 | $385,800 | $385,800 | $578,700 | $771,600 | $771,600 |
| Dividend payout ratio | — | — | — | — | 2.1% | 0.2% | 0.4% | — | 44.2% | 0.9% |
| Dividends + buybacks / free cash flow | — | — | — | — | 2.1% | 0.2% | 0.4% | — | 44.2% | 0.9% |
| Capex / revenue | 0.0% | 0.0% | 0.0% | — | 0.0% | 0.0% | 0.0% | — | — | — |
| Capex / operating cash flow | — | — | — | — | 0.0% | 0.0% | 0.0% | — | 0.0% | 0.0% |
| Capex / depreciation | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| R&D / revenue | — | — | 0.0% | — | 0.0% | 0.0% | 0.6% | — | — | — |
| SG&A / revenue | 4.1% | 1.7% | 9.8% | — | 5.4% | 0.6% | 2.4% | — | — | — |
| Efficiency | ||||||||||
| Days sales outstanding | 5.2 | 2.3 | 8.2 | — | 3.9 | 0.3 | 0.4 | — | — | — |
| Days of inventory on hand | — | — | -5.2 | 0.0 | 1,736.0 | 5,995.7 | — | — | 0.0 | — |
| Days payables outstanding | 2.6 | 5.8 | — | — | — | — | — | 57.1 | 59.0 | 59.4 |
| Cash conversion cycle (days) | 2.6 | -3.5 | — | — | — | — | — | — | — | — |
| Receivables turnover | 70.87 | 158.62 | 44.36 | 0.00 | 93.48 | 1,224.45 | 855.78 | 0.00 | 0.00 | 0.00 |
| Payables turnover | 140.48 | 63.09 | — | — | — | — | — | 6.39 | 6.19 | 6.15 |
| Inventory turnover | — | — | — | 3,605,618.00 | 0.21 | 0.06 | — | — | 1,011,364.00 | — |
| Asset turnover | 0.19 | 0.17 | 0.03 | 0.00 | 0.04 | 0.48 | 0.39 | 0.00 | 0.00 | 0.00 |
| Average receivables | $2.1M | $425,378 | $256,034 | $210,314 | $206,971 | $146,730 | $109,484 | $410,404 | $396,504 | $81,160 |
| Average payables | $36,298 | $54,566 | — | — | — | — | — | $173,873 | $163,502 | $180,305 |
| Average inventory | — | — | −$44,280 | $1 | $746,100 | $746,100 | $0 | — | $1 | — |
| Intangibles / total assets | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Computed from ASA's annual financial statements (latest annual report filed November 30, 2025) 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.
ASA valuation and financial ratios
At the end of fiscal 2025 (November 30, 2025), ASA Gold and Precious Metals traded at 1.5 times earnings, against a 10-year median of 3.0. Based on the latest twelve months, the trailing P/E is 1.4. ASA Gold and Precious Metals earned a return on equity of 86.0% and a return on invested capital of 69.1% in fiscal 2025.
See the ASA income statement, the ASA chart for price history, or the ASA stock overview for the latest quote and news.
ASA key metrics FAQ
What is ASA Gold and Precious Metals's P/E ratio?
ASA Gold and Precious Metals's trailing P/E ratio is 1.4 based on the last twelve months of earnings (as of October 18, 2026). At the end of fiscal 2025 it was 1.5, compared with a 10-year median of 3.0.
What is ASA Gold and Precious Metals's EV/EBITDA?
ASA Gold and Precious Metals's enterprise value was 1.5 times EBITDA at the end of fiscal 2025 (enterprise value $986.4 million, EBITDA $664.1 million).
What is ASA Gold and Precious Metals's return on equity?
ASA Gold and Precious Metals's return on equity (ROE) was 86.0% in fiscal 2025: net income of $664.1 million on average shareholders' equity of $772.0 million.
What is ASA Gold and Precious Metals's ROIC?
ASA Gold and Precious Metals's return on invested capital was 69.1% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
What is ASA Gold and Precious Metals's current ratio?
ASA Gold and Precious Metals's current ratio was 6.28 at the end of fiscal 2025: current assets were 6.28 times current liabilities.