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Aeries Technology, Inc (AERT)

NASDAQ / Industrials / Consulting Services

Share price

6.34 USD Market dataClose of Oct 14, 2026

Market capitalisation

36.4M USD Market dataClose of Oct 14, 2026
Market data
Oct 14, 2026
Filed accounts
FY2026, filed Jun 8, 2026
Ratios computed
Oct 14, 2026
Filed years
5, FY2022 to FY2026
Four kinds of sourceSEC filingCompany statementMarket dataComputedWhat each means
SEC filingFiled with the SEC
Read from a statement the company filed with the SEC, with the form, fiscal year, filing date and accession beside it.
Company statementCompany statement
What the company says about itself in a filing: an 8-K item, the auditor, its own segment names.
Market dataMarket data
Prices, market value and what analysts publish, with the date they are as of.
ComputedComputed by ValueScreener
Worked out by us from the other three, with the inputs and the formula one press away. A score is a research output, not a rating or a recommendation.
Reading

1 of 10

Overview

What the business is, what it costs, and how it reads on four questions.

Market dataSEC filingComputed

Four questions, at a glance

Quality

Return on invested capital, after tax

39.1% Computed

From the FY2026 filing

Read quality

Valuation

Price to earnings

n/a Computed

FY2026 accounts, priced at the latest close

Why n/a

Held back: the last annual report's share count does not match today's, as after a split.

Read valuation

Cash generation

Free cash flow yield

n/a Computed

FY2026 accounts, priced at the latest close

Why n/a

Held back: the last annual report's share count does not match today's, as after a split.

Read cash generation

Revenue and net income, by fiscal year

FY2021 Revenue: 41.0M USDFY2021 Net income: 4.0M USDFY2022 Net income: 9.8M USDFY2023 Revenue: 53.1M USDFY2023 Net income: 1.7M USDFY2024 Revenue: 72.5M USDFY2024 Net income: 17.3M USDFY2025 Revenue: 70.2M USDFY2025 Net income: -21.6M USDFY2026 Revenue: 70.0M USDFY2026 Net income: 2.8M USD
Revenue Net income6 fiscal years; a year whose statement names no SEC filing is market data, and the table in Filings says which.
Named tests met
3 of 30 Which tests
The business, and the score behind its five axes

The reading, in brief

Is it cheap

Price to earnings is 15.85x at the close of 2026-10-14 on FY2026 figures; the lines are 15.00x (Graham's defensive ceiling) and, by market convention, 10.00x, 25.00x and 40.00x, and this sits between 15.00x and 25.00x.

Today, against the Industrials sector (412 companies), 15.85x sits at the 28th percentile; the middle half of that group runs from 14.79x to 38.17x.

Is it good

Return on invested capital was 39.1% in FY2026, in the band labelled "Exceptional" (20.0% and above), on lines anchored on Damodaran's cost-of-capital data, suggesting returns on the capital in the business well above the usual cost of that capital.

Today, against the Industrials sector (294 companies), 39.1% sits at the 97th percentile; the middle half of that group runs from 4.0% to 15.3%.

Is it safe

Interest coverage was 9.76x in FY2026, in the band labelled "Comfortable" (6.00x and above), on lines anchored on Damodaran's interest-coverage table, suggesting an interest bill operating profit covers many times over.

Year by year against peers
Whether Aeries Technology, Inc's return on invested capital stayed above the median of the Industrials sector, year by year. (FY2025 to FY2026, 2 fiscal years of Aeries Technology, Inc with a comparable figure)
The direction
Which way Aeries Technology, Inc's current ratio has moved, and how steadily. (FY2022 to FY2026, 4 filed years of Aeries Technology, Inc)
What could explain it
What in Aeries Technology, Inc's filed statements could explain the movements. (9 readings drawn from the statement lines Aeries Technology, Inc filed)
What to check next
What to check next on Aeries Technology, Inc, and where in its filings. (6 questions for Aeries Technology, Inc)
In one paragraph
One paragraph on Aeries Technology, Inc's returns, cash, balance sheet and price. (12 of sixteen figures read for Aeries Technology, Inc)

These are AERT’s filed figures. The research desk says what they mean, against peers and its own years, with what to check next.

Research AERTPart of Serious. New accounts start with 30 days of Professional, free, no card.

2 of 10

What changed

The newest filing, what it moved, and when the next one is due.

SEC filingCompany statement

The newest accounts on file are the FY2026 annual report: 10-K, filed Jun 8, 2026, accession 0001829126-26-006123.

3 of 10

Quality

The returns the business earns on its capital, and the margins behind them.

SEC filingComputed

Aeries Technology, Inc: returns on capital and margins, each with its source
FigureValue, source and document
Return on invested capital, after tax39.1% ComputedFY2026 10-K, filed Jun 8, 2026, 0001829126-26-006123
Return on equity
Why n/m

Book equity is zero or negative. Return on equity computed over it flips sign and can read as a strong positive on a loss-making company, so we will not show a number.

n/m ComputedFY2026 10-K, filed Jun 8, 2026, 0001829126-26-006123
Return on capital employed, pre-tax40.3% ComputedFY2026 10-K, filed Jun 8, 2026, 0001829126-26-006123
Return on assets6.8% ComputedFY2026 10-K, filed Jun 8, 2026, 0001829126-26-006123
Gross margin24.7% ComputedFY2026 10-K, filed Jun 8, 2026, 0001829126-26-006123
Operating margin6.5% ComputedFY2026 10-K, filed Jun 8, 2026, 0001829126-26-006123
Net margin4.0% ComputedFY2026 10-K, filed Jun 8, 2026, 0001829126-26-006123
AERT 4.0%
RYOJ 1.3%GRNQ -143.8%EPOW -35.8%INTJ -98.3%VCIG 28.3%
-143.8%28.3%
Net margin: AERT against the 5 companies named under Valuation context, each as filed for its own latest year. Placement only: no average is drawn.

4 of 10

Financial strength

What it owes against what it owns, and whether it can meet what falls due.

SEC filingComputedCompany statement

Aeries Technology, Inc: leverage, liquidity and distress, each with its source
FigureValue, source and document
Debt to equity
Why n/m

Filed shareholders equity is zero or below, so debt measured against it is not a measurement (n/m).

n/m ComputedFY2026 10-K, filed Jun 8, 2026, 0001829126-26-006123
Current ratio0.78 ComputedFY2026 10-K, filed Jun 8, 2026, 0001829126-26-006123
Quick ratio0.78 ComputedFY2026 10-K, filed Jun 8, 2026, 0001829126-26-006123
Interest coverage9.76x ComputedFY2026 10-K, filed Jun 8, 2026, 0001829126-26-006123
Altman Z-score1.38 ComputedClose of Oct 14, 2026 · FY2026 10-K, filed Jun 8, 2026, 0001829126-26-006123
Net debt10.4M ComputedFY2026 10-K, filed Jun 8, 2026, 0001829126-26-006123
Total assets 41.9MTotal liabilities 44.5MOwnsOwes, and equity
Total assets Total liabilities Shareholders’ equity (zero or below, not drawn)
The balance sheet, line by line

Financial health

What Aeries Technology, Inc owned and owed at the end of fiscal 2026, from the balance sheet it filed (10-K, filed Jun 8, 2026, 0001829126-26-006123).

Aeries Technology, Inc: balance sheet position
Total assets41.9M FiledFY2026 10-K, filed Jun 8, 2026
Total liabilities44.5M FiledFY2026 10-K, filed Jun 8, 2026
Shareholders' equity-3.0M FiledFY2026 10-K, filed Jun 8, 2026
Cash4.9M FiledFY2026 10-K, filed Jun 8, 2026
Total debt15.3M FiledFY2026 10-K, filed Jun 8, 2026
Net debt10.4M
Current ratio0.78
Debt to equityn/m
  • Debt to equity: FY2026: Filed shareholders equity is zero or below, so debt measured against it is not a measurement (n/m).

Read from the filed balance sheet for each year, with the income statement of the same year supplying operating profit where a ratio needs it. Nothing here is a view on whether this company is sound.

5 of 10

Valuation context

What the market charges for it, against its own record and companies like it.

Market dataSEC filingComputed

Aeries Technology, Inc: what the market charges, each with its source
FigureValue, source and document
Price to earnings
Why n/a

Held back: the last annual report's share count does not match today's, as after a split.

n/a ComputedClose of Oct 14, 2026 · FY2026 10-K, filed Jun 8, 2026, 0001829126-26-006123
P/E on trailing twelve months15.10x ComputedClose of Oct 14, 2026 · Trailing four quarters, each as known on the day; the quarterly filings are listed under Filings
Price to book
Why n/m

Book equity is zero or negative, so a ratio measured against it (debt to equity, price to book) is not a measurement, and we will not show a number.

n/m ComputedClose of Oct 14, 2026 · FY2026 10-K, filed Jun 8, 2026, 0001829126-26-006123
Price to sales0.55x ComputedClose of Oct 14, 2026 · FY2026 10-K, filed Jun 8, 2026, 0001829126-26-006123
Enterprise value to EBIT
Why n/a

Held back: the last annual report's share count does not match today's, as after a split.

n/a ComputedClose of Oct 14, 2026 · FY2026 10-K, filed Jun 8, 2026, 0001829126-26-006123
Enterprise value to EBITDA9.09x ComputedClose of Oct 14, 2026 · FY2026 10-K, filed Jun 8, 2026, 0001829126-26-006123
Price to earnings over growth
Why n/a

We do not hold this figure for this company, so there is nothing to show.

n/a ComputedClose of Oct 14, 2026 · FY2026 10-K, filed Jun 8, 2026, 0001829126-26-006123
Diluted earnings per share0.40 USD FiledFY2026 10-K, filed Jun 8, 2026, 0001829126-26-006123
Graham number
Why n/a

We do not hold this figure for this company, so there is nothing to show.

n/a ComputedFY2026 10-K, filed Jun 8, 2026, 0001829126-26-006123

We publish no fair value or price target of our own. Value AERT on your own assumptions in the DCF workbench, starting from the filed figures.

Its own record, and companies like it

Valuation

What the market charges for Aeries Technology, Inc today, and the multiples it has carried. No value of ours: the figures are the filings’ and the market’s.

Aeries Technology, Inc: valuation
Share price6.34 USD
Market capitalisation36.4M USD
Enterprise value to EBITDA9.09x
Graham numbern/a
Diluted earnings per share, FY20260.40 USD

Diluted earnings per share, FY2026: 0.05 as filed, 0.40 after the 1-for-8 split on 12 Jun 2026.

Price to earnings on trailing twelve months, a different basis from the fiscal-year P/E above, since Feb 14, 2025: low 10.02x, median 18.00x, high 29.33x, latest 15.10x. 150 trading days with a meaningful ratio, 267 more on a loss and left out. Each close over the trailing twelve months of earnings as known that day: a quarter counts from the day it was filed.

Companies like Aeries Technology, Inc

  1. rYojbaba Co., Ltd. Common Shares (RYOJ)Market cap 31.1M USD
  2. Greenpro Capital Corp. (GRNQ)Market cap 12.7M USD
  3. Sunrise New Energy Co., Ltd. (EPOW)Market cap 3.0M USD
  4. Intelligent Group Limited (INTJ)Market cap 3.1M USD
  5. VCI Global Limited (VCIG)Market cap 173.3K USD

Same industry (Consulting Services) and size band (Nano, under 50M), nearest in market value, net margin and current ratio. Each of those counts equally, by how many of the companies considered sit between the two on it. Closest first: the order is likeness and nothing else.

6 of 10

Cash generation

Whether profit arrives as cash, and what is paid back to shareholders.

SEC filingComputed

Aeries Technology, Inc: cash generation and what is paid out, each with its source
FigureValue, source and document
Free cash flow yield
Why n/a

Held back: the last annual report's share count does not match today's, as after a split.

n/a ComputedClose of Oct 14, 2026 · FY2026 10-K, filed Jun 8, 2026, 0001829126-26-006123
Free cash flow5.7M USD ComputedFY2026 10-K, filed Jun 8, 2026, 0001829126-26-006123
Free cash flow margin8.1% ComputedFY2026 10-K, filed Jun 8, 2026, 0001829126-26-006123
Dividend yield
Why n/a

We do not hold this figure for this company, so there is nothing to show.

n/a ComputedClose of Oct 14, 2026 · FY2026 10-K, filed Jun 8, 2026, 0001829126-26-006123
Payout ratio
Why n/a

We do not hold this figure for this company, so there is nothing to show.

n/a ComputedFY2026 10-K, filed Jun 8, 2026, 0001829126-26-006123
FY2021 Free cash flow: 1.5M USDFY2021 Net income: 4.0M USDFY2022 Net income: 9.8M USDFY2023 Free cash flow: 511.0K USDFY2023 Net income: 1.7M USDFY2024 Free cash flow: -5.8M USDFY2024 Net income: 17.3M USDFY2025 Free cash flow: -2.5M USDFY2025 Net income: -21.6M USDFY2026 Free cash flow: 5.7M USDFY2026 Net income: 2.8M USD
Free cash flow Net incomeProfit that arrives as cash stands level with net income; a gap year after year is worth reading about.

7 of 10

Filings

Every figure, the year it is for and the document it was read from.

SEC filingMarket data

The filed figures

Computed from the accounts this company filed with the SEC and, in a ratio with a price in it, the last close, dated on this page. Every filed figure below carries the fiscal year and the filing date its accounts were read from, and every blank carries the reason it is blank. Nothing here is a view on this company.

Aeries Technology, Inc: the eight ratios, with the fiscal year and filing date behind each.
FigureValueYearAs of
n/aFY2026Oct 14, 2026
n/a Held back: the last annual report's share count does not match today's, as after a split.
n/mFY2026Oct 14, 2026
n/m Not meaningful for this company, such as a P/E on negative earnings or a bank's EV/EBIT.
n/aFY2026Oct 14, 2026
n/a Held back: the last annual report's share count does not match today's, as after a split.
n/aFY2026Oct 14, 2026
n/a Held back: the last annual report's share count does not match today's, as after a split.
39.1%FY2026Jun 8, 2026
n/aFY2026Oct 14, 2026
n/a The filed cash flow statement reports no dividend paid at all. That is not the same as a filed zero, and we will not read it as one.
n/mFY2026Jun 8, 2026
n/m Not meaningful for this company, such as a P/E on negative earnings or a bank's EV/EBIT.
0.78FY2026Jun 8, 2026
0.55xFY2026Oct 14, 2026
n/aFY2026Oct 14, 2026
n/a This figure compares a year against the one before it, and we hold one filed year for this company.
1.38FY2026Oct 14, 2026
-2.18FY2026Jun 8, 2026
7/9FY2026Jun 8, 2026

The figures are computed from the accounts for fiscal 2026, the newest full year on file. 5 filed fiscal years on record, FY2022 to FY2026, from SEC EDGAR. Prices as of Oct 14, 2026. Ratios recomputed Oct 14, 2026. Two facts, because a recompute is not a fresh quote.

The year and the filing date name the statement each figure’s accounts are read from, and they stand even where the figure itself could not be computed: the line beneath a blank says what that statement did not carry. A figure’s name opens its formula and the filings behind it; a statement that names no SEC filing has no filing date, and reads n/a.

Ten years of filed figures, year by year

Ten years of filed figures

6 fiscal years, FY2021 to FY2026. 5 read from the annual reports Aeries Technology, Inc filed with the SEC, each naming its filing; the rest from statements that name none, which are market data. Amounts in USD, as reported.

Aeries Technology, Inc: revenue, earnings, free cash flow and returns, by fiscal year, with the filing each year was read from
YearRevenueOperating incomeNet incomeEPS, dilutedFree cash flowOperating marginReturn on equityFiling
FY202670.0M4.5M2.8M0.405.7M6.5%n/m10-K, Jun 8, 20260001829126-26-006123
FY202570.2M-28.8M-21.6M-3.68-2.5M-41.0%n/m10-K, Jul 2, 20250001829126-25-004837
FY202472.5M3.0M17.3M7.28-5.8M4.1%n/m10-K, Sep 27, 20240001829126-24-006527
FY202353.1M2.3M1.7Mn/a511.0K4.4%14.0%10-K, Sep 27, 20240001829126-24-006527
FY2022n/a-4.5M9.8Mn/an/an/an/m10-K, Mar 31, 20230001193125-23-088368
FY202141.0M6.6M4.0Mn/a1.5M16.1%53.4%Market data, supplied Oct 15, 2026accession n/a
  • Revenue, compound annual growth FY2021 to FY2026: 11.3%
  • Earnings, compound annual growth FY2021 to FY2026: -6.8%
  • Earnings per share, compound annual growth FY2024 to FY2026: -76.6%
  • Free cash flow, compound annual growth FY2021 to FY2026: 30.2%

Every figure in this section is a line of a filed annual statement or a ratio of two of them. Nothing here is estimated or smoothed. Earnings per share filed before a share split are put on today's share count, and say so. Nothing here is a verdict on the company.

8 of 10

Risks and guardrails

The accounting screens, the published tests, and the lines you can set to be told.

ComputedCompany statement

Aeries Technology, Inc: accounting screens and published tests, each with its source
FigureValue, source and document
Beneish M-score-2.18 ComputedFY2026 10-K, filed Jun 8, 2026, 0001829126-26-006123
Piotroski F-score7/9 ComputedFY2026 10-K, filed Jun 8, 2026, 0001829126-26-006123
Named tests met3 of 30 Computed
Beta0.89 ComputedClose of Oct 14, 2026

The named tests

Of 30 tests value investors published: 3 met, 18 not met, 9 we could not complete. Counts, never a score: a single figure would have to decide that meeting one investor’s criteria and meeting another’s are worth the same.

Which tests, by name(all 30)
Meets
Earnings yield and ROIC (Joel Greenblatt); ROIC at or above WACC; Cash-flow yield and ROIC
Does not
Defensive investor (Benjamin Graham); Large cap, low P/E; High F-score, low P/B (Joseph Piotroski); Three forensic scores; Gross margin, turnover (Robert Novy-Marx); EV/EBITDA and coverage; Dividends and buybacks; Low beta, profitable; Near the 52-week low; Z-score and coverage (Edward Altman); Two thirds of NCAV (Benjamin Graham); High returns, low debt; Owner earnings yield; High return on tangibles; Low P/S, rising earnings (James O'Shaughnessy); Tangible book or below; Cheapest quarter on P/E (David Dreman); Low P/E, growth, yield (John Neff)
Not measured
Deep value; Low PEG, low debt (Peter Lynch); High returns and growth; High yield, low payout; P/E times P/B (Benjamin Graham); Book or below, low debt (Walter Schloss); Cash-covered dividend; Clean books, high ROIC; Cheapest quarter on P/B (David Dreman). A test with a figure we could not read is incomplete, never met and never failed.
Figures we could not read(12)
  • Debt to Equity: Filed shareholders equity is zero or below, so debt measured against it is not a measurement (n/m).
  • P/B Ratio: Book equity is zero or negative, so a ratio measured against it (debt to equity, price to book) is not a measurement, and we will not show a number.
  • PEG Ratio: We do not hold this figure for this company, so there is nothing to show.
  • Eps Growth 5Y: We do not hold this figure for this company, so there is nothing to show.
  • Return on Equity: Book equity is zero or negative. Return on equity computed over it flips sign and can read as a strong positive on a loss-making company, so we will not show a number.
  • Rev Growth 5Y: We do not hold this figure for this company, so there is nothing to show.
  • Dividend Yield: We do not hold this figure for this company, so there is nothing to show.
  • Payout Ratio: We do not hold this figure for this company, so there is nothing to show.
  • Price To Graham: We do not hold this figure for this company, so there is nothing to show.
  • Dividend Coverage Ratio: We do not hold this figure for this company, so there is nothing to show.
  • Dividend Streak: We do not hold this figure for this company, so there is nothing to show.
  • Price Tangible Book: Book equity is zero or negative, so a ratio measured against it (debt to equity, price to book) is not a measurement, and we will not show a number.

9 of 10

Declared positions

Whether anybody here owns this company.

Positions declared by the founder: no holding in any company shown here, as of October 3, 2026.

10 of 10

Next step

What to do with what you have read.

A thesis is your reason for owning it, in your words, with the figures that must stay true. Checking those figures every night against the newest filed accounts, and telling you once when one breaks, is what the subscription adds.

More on this company

What this cannot tell you

  • 12 figures could not be read on this company, among them Debt to Equity, P/B Ratio, PEG Ratio. Each blank in the table above names the rest, with its reason. 9 named tests come back incomplete because of them, which is neither met nor missed.
  • We hold 5 filed fiscal years rather than 10, so the run above is shorter than a full decade and is counted as what it is.

And the one that is true of all of it: This is what the numbers say today. It cannot tell you the day one of them stops being true. Nothing here can, because the reasons are not written down.

Running this once is arithmetic on public documents and you are welcome to it. Writing down why you own each company, in your own words and with the numbers that have to stay true for it to hold, and then having those numbers re-checked every night against the newest filed accounts, and against the latest close where a rule watches a price, is Professional, the plan a new account starts on for 30 days, one trial per person. It writes to you the day one breaks, and stays quiet when nothing does. The check runs every night at 23:30 UTC. A filing is picked up the night after it is published.

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ValueScreener · valuescreener.ai · Computed from accounts filed with the SEC by this company, read from EDGAR, and from dated closing prices. On this page a filed figure opens into its formula, its inputs and the statement, fiscal year and filing date it was read from, and a price into the day of its close. A figure that cannot show that trail says so.

A computation on accounts filed with the SEC, not a recommendation and not advice. Past filings do not indicate future results. Risk disclaimer.

Once a week, what changed in the filings of US-listed companies, why it can matter to a thesis, and what deserves a closer review. Grounded in filings, not market noise.

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ValueScreener is a trading name of Oliva Real Estate Technologies LLC, a Delaware limited liability company. Legal notices: legal@valuescreener.ai. © 2026 Oliva Real Estate Technologies LLC. All rights reserved.

Risk disclaimer. This service is provided for research and education only. Nothing on it is investment advice, a recommendation, or an offer to buy or sell any security. Capital is at risk, and past performance does not indicate future results. Figures come from filed accounts and may be incomplete, delayed or later restated, so verify a number against the filing before you act on it.