Aeries Technology, Inc. (AERT) stock analysis
Close on Nov 11, 2026Market cap $29.28MP/E 9.5Yield –
StockData Score
Prices as of Nov 11, 2026How the score works
Mixed10 of 30 checks passed
Aeries Technology passes 10 of the 30 checks behind our score; 16 could not be run for lack of data and count as not passed. Each dot in the shape is one check — hover it for the numbers.
- Valuation
- 4/6
- Growth
- 2/6
- Past performance
- 2/6
- Financial health
- 2/6
- Dividend
- 0/6
What stands out
Margin of safety over 20%
The price is 62.0% below fair value, more than the 20% cushion we look for.
Trading below fair value
The share price of $5.58 is below our fair value estimate of $14.67.
Return on capital over 10%
Return on invested capital was 2712%, above the 10% that usually covers the cost of capital.
Interest well covered
Operating income covers interest expense 15.1 times.
What to watch
Bankruptcy risk in the grey zone
The Altman Z-score is 1.89; above 3 is the safe zone and below 1.8 the distress zone.
Gross margin slipping
Gross margin was 24.5% over the last twelve months, against 25.9% a year earlier.
Short-term assets don't cover short-term debts
Current assets are 0.81 times current liabilities.
No dividend
Aeries Technology has not paid a dividend in the last twelve months.
Valuation4/6
P/E against its history
Not enough price and earnings history to compare.
P/E below the industry
Aeries Technology's P/E of 9.5 is below the Management and Public Relations Services median of 21.9.
EV/EBITDA against its history
Needs positive EBITDA and price history.
P/S below the industry
Aeries Technology's price-to-sales of 0.38 is below the Management and Public Relations Services median of 0.97 (book value is negative, so we use sales).
Trading below fair value
The share price of $5.58 is below our fair value estimate of $14.67.
Margin of safety over 20%
The price is 62.0% below fair value, more than the 20% cushion we look for.
Growth2/6
Revenue growth over 3 years
Needs three years of positive revenue.
EPS growth over 3 years
Needs positive EPS three years ago and today.
Earnings acceleration
Needs positive net income now, a year ago and five years ago.
Growing faster than the industry
Revenue grew 11.6% over the last twelve months; the Management and Public Relations Services median is 7.2%.
Guidance raised
Aeries Technology raised its full-year fiscal 2026 adjusted EBITDA outlook on Feb 9, 2026.
Gross margin slipping
Gross margin was 24.5% over the last twelve months, against 25.9% a year earlier.
Past performance2/6
Return on equity
Needs positive equity and five years of results.
Return on capital over 10%
Return on invested capital was 2712%, above the 10% that usually covers the cost of capital.
Return on equity against the industry
Needs positive equity.
Earnings over 5 years
Needs positive net income five years ago and in the latest year.
Net margin against its history
Needs five years of revenue and net income.
Net margin above the industry
Aeries Technology's net margin of 5.3% is above the Management and Public Relations Services median of 0.2%.
Financial health2/6
Debt level
Needs debt and equity figures.
Debt trend
Needs a balance sheet from five years ago with positive equity.
Debt covered by cash flow
Operating cash flow over the last twelve months equals 212% of total debt.
Interest well covered
Operating income covers interest expense 15.1 times.
Short-term assets don't cover short-term debts
Current assets are 0.81 times current liabilities.
Bankruptcy risk in the grey zone
The Altman Z-score is 1.89; above 3 is the safe zone and below 1.8 the distress zone.
Dividend0/6
No dividend
Aeries Technology has not paid a dividend in the last twelve months.
Yield against Treasuries
No dividend.
Yield against the market
No dividend.
Dividend stability
No dividend.
Earnings cover
No dividend.
Cash-flow cover
No dividend.
Fair value
How we estimate itOur estimate per share
$14.67
The share price is 62% below this estimate.
| Method | Multiple used | Own 5Y median | Industry median | Value per share | Weight |
|---|---|---|---|---|---|
| P/E | 21.9× | – | 21.9× | $12.91 | 53% |
| EV/EBITDA | 12.9× | – | 12.9× | $16.68 | 47% |
| Fair value | $14.67 | 100% | |||
Valuation over time
Using the earnings and balance sheet published at each date, not today's.
- EV/EBITDA at month end
- Management and Public Relations Services median 12.9
An estimate from reported numbers and market multiples, not a price target or investment advice. It can be far off for companies whose profits are about to change sharply.
Market risk
From the past year of daily prices.
Liquidity
High risk
- Average value traded per day
- $118.35K
- Value traded per 1% price move
- $16.49K
Downside
High risk
- Typical loss in a bad month
- 35.3%
- Volatility (annualized)
- 110%
- Sharpe ratio, 1 year
- 0.06
- Beta to the S&P 500 (5Y)
- 0.41
Typical bad-month loss, week by week
Margins
Share of revenue, fiscal years 2021 to 2026
Gross margin
Operating margin
Growth rates
Compound annual growth to fiscal 2026
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | -0.3% | – | – | – | |
| Gross profit | +3.5% | – | – | – |
Returns and balance sheet
4 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2021 | FY2021 | FY2026 | Trend |
|---|---|---|---|---|
| Current ratio | 2.31 | 2.31 | 0.78 | |
| Debt to equity | – | – | -1.99 | |
| Net debt to EBITDA | – | – | 0.22× | |
| Interest coverage | – | – | 9.8× | |
| Capex to revenue | – | – | 1.6% | |
| Diluted shares | – | – | 6M |
Cash use needs five years of cash flow figures
Aeries Technology does not report operating cash flow and capital expenditure for each of the last five fiscal years.
DuPont analysis
Return on equity split into margin, efficiency and leverage
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2026 | 4.0% | 1.71× | -9.25× | -64.1% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2026 against fiscal 2025
- ProfitableNet income above zero$2.83M
- Cash generatingOperating cash flow above zero$6.77M
- Return on assets improvedROA up on the prior year– → 7.1%
- Earnings backed by cashOperating cash flow above net income$6.77M vs $2.83M
- Less leverageLong-term debt to assets fell2.8% → 1.9%
- Better liquidityCurrent ratio rose0.66 → 0.78
- No dilutionShare count did not rise5M → 6M
- Gross margin improvedGross margin up on the prior year23.82% → 24.71%
- More efficientAsset turnover rose1.42 → 1.76
See a number that looks wrong?