Aether Holdings, Inc. (ATHR)
Market price: $2.73
2 valuation methods
- P / B: $0.49 to $0.91 (midpoint $0.70)
- EV / Revenue: $0.51 to $1.13 (midpoint $0.82)
How each method works
P / B: $0.49 to $0.91 (midpoint $0.70)
Values the stock at a peer multiple of its book (net asset) value — most meaningful for asset-heavy and financial companies whose balance sheet drives value.
- How it’s calculated
- We take book value per share (total assets minus total liabilities, from the latest balance sheet, divided by shares outstanding) and multiply it by the range of price-to-book multiples the peer group trades at.
- Why it fits this industry
- Where the balance sheet is the business — lenders, insurers, asset-heavy operators — the price the market pays for a dollar of net assets is a natural yardstick.
- Reading this bar
- The bar is the per-share value range this method implies: a conservative low, a central estimate, and an optimistic high. If the current price sits below the bar, the market is pricing the shares below what this method's inputs suggest; if it sits above, the market is pricing them higher. No single bar is a verdict — methods disagree for good reasons, so read the whole field together. Asset-light companies (brands, software) legitimately trade far above book value, so for them a P/B bar well below the price is usually structure, not signal.
P / B = (5.95/8.50/11.05)× book_value_per_share 0.08 ≈ 0.49/0.70/0.91 (per_share)
EV / Revenue: $0.51 to $1.13 (midpoint $0.82)
Values the whole business at a peer multiple of sales — used when earnings are thin, volatile, or not yet meaningful, so revenue is the most reliable yardstick.
- How it’s calculated
- We multiply the company's last-twelve-month revenue by the range of EV/Revenue multiples its peer group trades at, subtract net debt and any minority interests or preferred stock ranking ahead of common shareholders, and divide by shares outstanding for a per-share range.
- Why it fits this industry
- Software companies routinely reinvest every dollar into growth while margins mature, so recurring revenue is the sector's core yardstick of scale and value.
- Reading this bar
- The bar is the per-share value range this method implies: a conservative low, a central estimate, and an optimistic high. If the current price sits below the bar, the market is pricing the shares below what this method's inputs suggest; if it sits above, the market is pricing them higher. No single bar is a verdict — methods disagree for good reasons, so read the whole field together. A pound of revenue is worth more at a high margin than a low one, so the peer group here is narrowed to companies earning a similar margin wherever enough of them exist. Where too few do, the bar falls back to the wider group and is the bluntest of the multiples — weigh it alongside the earnings-based bars.
EV / Revenue = (6.57/9.38/12.19)× revenue 1,345,440 ≈ 8,834,330.62/12,620,472.32/16,406,614.02 (enterprise_value); enterprise_value -> per share: equity (6,288,347.62/10,074,489.32/13,860,631.02) / 12,238,059 shares [EV bridge: minus net debt 2,545,983]
4 methods not shown
- EV / EBITDA: ebitda unavailable — cannot form EV / EBITDA
- EV / Gross Profit: no multiple band available for EV / Gross Profit — supplied with market data (peer comps / own history)
- P / E: diluted EPS is non-positive — P/E is not meaningful for a loss-making period
- DCF (FCFF): DCF input(s) unavailable (ebit, da) — cannot build FCFF
Limited data — fewer than three valuation methods could be formed for this company; showing every method we can stand behind.