AvePoint, Inc. (AVPT) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-124.6%

-$4.10

vs $16.71 price

Levered DCF

$7.70

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

6.96

Safe zone

Rating

B+

Overall 3 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	81.71×	-103.19×	-68.42×	-17.87×	-13.1×	-26.33×	146.66×	-20.81×
P/B	6.02×	11.27×	7.11×	3.26×	3.56×	-169.28×	-29.51×	0×
P/S	6.87×	9.18×	5.5×	3.22×	4.64×	8.88×	3.75×	0.77×
EV / EBITDA	51.81×	-145.08×	-92.47×	-17.84×	-19.73×	-88.77×	-23.55×	0×
Gross margin	74.1%	75.0%	71.5%	71.5%	72.6%	73.4%	68.6%	70.2%
Operating margin	7.9%	2.2%	-5.6%	-17.4%	-27.9%	-10.2%	-16.4%	-2.1%
Net margin	8.4%	-8.8%	-8.0%	-17.9%	-18.4%	-11.2%	-17.4%	-3.7%
Current ratio	2.28×	1.77×	1.84×	2.15×	3.01×	1.31×	0.85×	0×
Debt / equity	0.04×	0.06×	0.07×	0.07×	0×	0×	-0.02×	0×
Interest coverage	0×	0×	0×	-1,009.15×	0×	0×	0×	0×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	7.3%	-10.8%	-10.3%	-18.2%	-14.1%	213.8%	136.9%	0.0%
Return on invested capital	5.5%	2.4%	-5.7%	-14.5%	-19.3%	-20.1%	-65.4%	0.0%
Return on assets	4.5%	-5.6%	-4.9%	-10.0%	-9.1%	-10.1%	-20.6%	0.0%
Free cash flow yield	2.8%	2.8%	2.1%	-0.8%	0.3%	1.3%	-0.7%	-4.4%
Earnings yield	1.2%	-1.0%	-1.5%	-5.6%	-4.0%	-1.3%	-4.6%	-4.8%
Enterprise value	$2.4B	$2.8B	$1.3B	$537.4M	$622.4M	$1.3B	$423M	$0
Net debt / EBITDA	-9.93×	14.42×	14.97×	6.99×	8.5×	4.81×	0.66×	0×
Cash conversion cycle (days)	96	86	109	96	92	109	117	0