Ascent Solar Technologies, Inc. (ASTI) Key Metrics
ASTI valuation today
Trailing 12 months · as of October 17, 2026- Market cap
- $18.2M
- Enterprise value
- $15.2M
- P/E (TTM)
- —
- Forward P/E
- 14.5
- PEG ratio
- 0.96
- Price / sales
- 93.1
- Price / book
- 1.9
- EV / EBITDA
- —
- Dividend yield
- —
- Beta
- 2.37
ASTI key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsASTI returns How much profit the business earns on the capital it uses.
ASTI financial health Debt, liquidity and how easily interest is covered.
ASTI efficiency & capital use Working capital cycle and where the cash goes.
ASTI valuation history
ASTI returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
ASTI debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
ASTI cash returned to shareholders
ASTI price vs earnings per share
ASTI key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $10.5M | — | — | — | — | — | — | — | — | — |
| Enterprise value | $9.2M | — | — | — | — | — | — | — | — | — |
| Price / sales | 136.8 | — | — | — | — | — | — | — | — | — |
| Price / book | 3.1 | — | — | — | — | — | — | — | — | — |
| EV / sales | 119.6 | — | — | — | — | — | — | — | — | — |
| Earnings yield | −74.6% | — | — | — | — | — | — | — | — | — |
| Free cash flow yield | −66.0% | — | — | — | — | — | — | — | — | — |
| Share price at fiscal year-end | $4.11 | $3.27 | $87.00 | $32,600.00 | $250,000.00 | $800,000.00 | $10,000.00 | $1,000,000.00 | $1,000,000.00 | $1,000,000.00 |
| Per share | ||||||||||
| Revenue per share | $0.03 | — | — | — | — | — | — | — | — | — |
| Earnings per share | −$3.06 | — | — | — | — | — | — | — | — | — |
| Operating cash flow per share | −$2.70 | — | — | — | — | — | — | — | — | — |
| Free cash flow per share | −$2.71 | — | — | — | — | — | — | — | — | — |
| Cash per share | $1.09 | — | — | — | — | — | — | — | — | — |
| Book value per share | $1.31 | — | — | — | — | — | — | — | — | — |
| Tangible book value per share | $1.30 | — | — | — | — | — | — | — | — | — |
| Capex per share | $0.01 | — | — | — | — | — | — | — | — | — |
| Debt per share | $0.57 | — | — | — | — | — | — | — | — | — |
| Shares outstanding | 2.6M | — | — | — | — | — | — | — | — | — |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | −233.2% | −985.3% | — | — | — | — | — | — | — | — |
| Return on invested capital (ROIC) | −290.1% | −343.7% | −511.1% | −315.6% | −314.6% | — | — | — | — | — |
| Return on assets (ROA) | −116.2% | −129.9% | −133.4% | −125.3% | −59.3% | 24.9% | −81.6% | −227.9% | −191.4% | −255.9% |
| Return on tangible assets | −123.9% | −128.3% | −248.9% | −106.2% | −47.0% | 23.3% | −101.0% | −295.3% | −294.1% | −389.8% |
| Free cash flow margin | — | — | — | −874.1% | — | — | −427.7% | −467.6% | — | −978.4% |
| Income quality (OCF / net income) | — | — | — | — | — | −1.78 | — | — | — | — |
| Financial health | ||||||||||
| Total debt | $1.5M | $2.1M | $4.2M | $10.1M | $14.2M | $19.4M | $17.1M | $13.4M | $10.3M | $8.7M |
| Cash & short-term investments | $2.8M | $3.2M | $1.0M | $11.5M | $6.0M | $167,725 | — | $18,159 | $89,618 | $130,946 |
| Net debt | −$1.3M | −$1.1M | $3.2M | −$1.4M | $8.2M | $19.2M | $17.1M | $13.4M | $10.2M | $8.6M |
| Debt / equity | 0.44 | 0.61 | — | 2.20 | — | — | — | — | — | — |
| Debt / assets | 0.23 | 0.29 | 0.61 | 0.54 | 1.10 | 2.63 | 3.04 | 2.14 | 1.32 | 0.75 |
| Net debt / EBITDA | — | — | — | — | — | 3.52 | 4.06 | — | — | — |
| Current ratio | 1.53 | 1.63 | 0.27 | 2.50 | 2.25 | 0.09 | 0.02 | 0.04 | 0.11 | 0.23 |
| Quick ratio | 1.29 | 1.43 | 0.19 | 2.38 | 2.05 | 0.03 | 0.00 | 0.01 | 0.04 | 0.09 |
| Interest coverage | -151.4 | -12.8 | -7.2 | -6.3 | -8.1 | -0.7 | -0.4 | -0.9 | -2.1 | -3.1 |
| Working capital | $1.2M | $1.4M | −$4.2M | $7.5M | $3.8M | −$8.4M | −$30.1M | −$22.9M | −$12.7M | −$13.9M |
| Invested capital | $2.0M | $2.3M | $1.7M | $3.2M | $5.4M | −$943,410 | −$8.0M | −$9.2M | −$5.0M | −$5.4M |
| Tangible asset value | $3.3M | $3.4M | −$1.6M | $4.5M | −$2.9M | −$20.6M | −$25.9M | −$23.5M | −$16.7M | −$15.6M |
| Net current asset value | $390,625 | −$53,185 | −$6.9M | −$1.6M | −$8.8M | −$26.8M | −$30.2M | −$27.9M | −$21.4M | −$21.4M |
| Graham net-net per share | $0.03 | — | — | — | — | — | — | — | — | — |
| Capital allocation | ||||||||||
| Dividends paid | — | — | $900,000 | — | — | — | — | — | $0 | $0 |
| Share buybacks (net) | — | $0 | $900,000 | $0 | $0 | $0 | — | — | $0 | $0 |
| Capex / revenue | 41.7% | 1.0% | 846.1% | 14.9% | 46.1% | 0.2% | 2.4% | 1.9% | 10.8% | 13.8% |
| Capex / depreciation | 0.05 | 0.00 | 5.08 | 0.24 | 0.40 | 0.00 | 0.06 | 0.04 | 0.06 | 0.07 |
| Stock-based compensation / revenue | 1,476.7% | 2,410.4% | 489.6% | 448.1% | 0.0% | 31.2% | 3.3% | 3.4% | 19.2% | 50.8% |
| R&D / revenue | 3,182.4% | 5,492.4% | 703.2% | 488.7% | 681.2% | 1,749.2% | 205.4% | 324.0% | 750.7% | 379.3% |
| SG&A / revenue | 6,814.9% | 13,202.9% | 1,660.2% | 835.4% | 542.6% | 1,545.8% | 289.3% | 376.2% | 871.7% | 589.7% |
| Efficiency | ||||||||||
| Days sales outstanding | 0.0 | 0.0 | 0.7 | 7.6 | 16.5 | 30.4 | — | 36.4 | 158.0 | 265.5 |
| Days of inventory on hand | 926.5 | 1,107.7 | 102.5 | 109.6 | 108.1 | 1,116.7 | 444.3 | 305.2 | 233.9 | 213.7 |
| Days payables outstanding | 784.7 | 1,265.3 | 113.3 | 112.3 | 132.3 | 2,509.1 | 1,480.8 | 704.1 | 421.6 | 266.3 |
| Cash conversion cycle (days) | 141.8 | -157.5 | -10.1 | 4.9 | -7.8 | -1,362.0 | — | -362.6 | -29.7 | 212.9 |
| Receivables turnover | — | — | 518.10 | 47.93 | 22.19 | 12.03 | — | 10.04 | 2.31 | 1.37 |
| Payables turnover | 0.47 | 0.29 | 3.22 | 3.25 | 2.76 | 0.15 | 0.25 | 0.52 | 0.87 | 1.37 |
| Inventory turnover | 0.39 | 0.33 | 3.56 | 3.33 | 3.38 | 0.33 | 0.82 | 1.20 | 1.56 | 1.71 |
| Asset turnover | 0.01 | 0.01 | 0.04 | 0.08 | 0.06 | 0.01 | 0.11 | 0.12 | 0.07 | 0.12 |
| Average receivables | $0 | $0 | $884 | $25,510 | $27,394 | $5,539 | — | $85,909 | $277,931 | $1.3M |
| Average payables | $422,069 | $514,337 | $587,197 | $618,661 | $689,576 | $1.2M | $2.0M | $2.0M | $3.3M | $4.3M |
| Average inventory | $498,360 | $450,300 | $531,390 | $603,728 | $563,302 | $534,162 | $597,342 | $849,322 | $1.8M | $3.4M |
| Intangibles / total assets | 0.1% | 0.4% | 0.8% | 0.4% | 0.7% | 6.0% | 14.4% | 13.7% | 18.9% | 14.2% |
Computed from ASTI's annual financial statements (latest annual report filed March 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.
ASTI valuation and financial ratios
Ascent Solar Technologies earned a return on equity of −233.2% and a return on invested capital of −290.1% in fiscal 2025. It ended the year with $1.5 million of debt and $2.8 million in cash and short-term investments, a net cash position of $1.3 million.
See the ASTI income statement, the ASTI chart for price history, or the ASTI stock overview for the latest quote and news.
ASTI key metrics FAQ
What is Ascent Solar Technologies's return on equity?
Ascent Solar Technologies's return on equity (ROE) was −233.2% in fiscal 2025: net income of -$7.8 million on average shareholders' equity of $3.4 million.
What is Ascent Solar Technologies's ROIC?
Ascent Solar Technologies's return on invested capital was −290.1% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Ascent Solar Technologies have?
Ascent Solar Technologies had total debt of $1.5 million at the end of fiscal 2025, a debt-to-equity ratio of 0.44 and more cash than debt.
What is Ascent Solar Technologies's free cash flow yield?
Ascent Solar Technologies generated -$6.9 million of free cash flow in fiscal 2025, a free cash flow yield of −66.0% on its market value at year-end ($10.5 million).
What is Ascent Solar Technologies's current ratio?
Ascent Solar Technologies's current ratio was 1.53 at the end of fiscal 2025: current assets were 1.53 times current liabilities.