ValueScreener company report

Avis Budget Group, Inc. (CAR)

Name: Avis Budget Group, Inc. (CAR) filed financial figures
Creator: ValueScreener

NASDAQ / Industrials / Rental & Leasing Services

Share price

109.77 USD Market dataClose of Oct 15, 2026

Market capitalisation

3.88B USD Market dataClose of Oct 15, 2026

Market data: Oct 15, 2026
Filed accounts: FY2025, filed Feb 19, 2026
Ratios computed: Oct 15, 2026
Filed years: 17, FY2008 to FY2025

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

Quality

Return on invested capital, after tax

n/a Computed

From the FY2025 filing

Why n/a

The filed income tax is outside 0 to 100% of pre-tax income (a tax benefit on a profit, a charge on a loss, or a charge above the profit), which is a one-off in the tax line and not a rate operating profit was taxed at, so after-tax operating profit is not computed.

Read quality

Financial strength

Current ratio

0.72 Computed

From the FY2025 filing

Read financial strength

Valuation

Price to earnings

n/m Computed

FY2025 accounts, priced at the latest close

Why n/m

Earnings are zero or negative, so a price to earnings multiple is not meaningful. A negative P/E is not a cheap company and a large positive one from a near-zero denominator is not an expensive one.

Read valuation

Cash generation

Dividend yield

0.0% Computed

FY2025 accounts, priced at the latest close

Read cash generation

Revenue and net income, as filed

Revenue Net income10 filed fiscal years, from the annual reports; the table in Filings names each document.

Named tests met: 1 of 30 Which tests

The business, and the score behind its five axes

The reading, in brief

Is it good

Return on invested capital for Avis Budget Group, Inc. in FY2025: n/a. The filed income tax is outside 0 to 100% of pre-tax income (a tax benefit on a profit, a charge on a loss, or a charge above the profit), which is a one-off in the tax line and not a rate operating profit was taxed at, so after-tax operating profit is not computed.

Is it safe

Current ratio was 0.72 in FY2025, in the band labelled "Short-term liabilities exceed short-term assets" (below 1.00), on lines anchored on Graham's defensive-investor criteria, suggesting short-term obligations above short-term assets.

Today, against the Industrials sector (673 companies), 0.72 sits at the 8th percentile; the middle half of that group runs from 1.20 to 2.86.

Year by year against peers: Whether Avis Budget Group, Inc.'s revenue growth, five years stayed above the median of the Industrials sector, year by year. (FY2016 to FY2025, 10 fiscal years of Avis Budget Group, Inc. with a comparable figure)
The direction: Which way Avis Budget Group, Inc.'s revenue growth, five years has moved, and how steadily. (FY2016 to FY2025, 10 filed years of Avis Budget Group, Inc.)
What could explain it: What in Avis Budget Group, Inc.'s filed statements could explain the movements. (1 reading drawn from the statement lines Avis Budget Group, Inc. filed)
What to check next: What to check next on Avis Budget Group, Inc., and where in its filings. (1 question for Avis Budget Group, Inc.)
In one paragraph: One paragraph on Avis Budget Group, Inc.'s returns, cash, balance sheet and price. (3 of sixteen figures read for Avis Budget Group, Inc.)

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

Research CARPart 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 FY2025 annual report: 10-K, filed Feb 19, 2026, accession 0000723612-26-000012.

3 of 10

Quality

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

SEC filingComputed

Avis Budget Group, Inc: returns on capital and margins, each with its source
Figure	Value, source and document
Return on invested capital, after tax Why n/a The filed income tax is outside 0 to 100% of pre-tax income (a tax benefit on a profit, a charge on a loss, or a charge above the profit), which is a one-off in the tax line and not a rate operating profit was taxed at, so after-tax operating profit is not computed.	n/a ComputedFY2025 10-K, filed Feb 19, 2026, 0000723612-26-000012
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 ComputedFY2025 10-K, filed Feb 19, 2026, 0000723612-26-000012
Return on capital employed, pre-tax Why n/a We do not hold this figure for this company, so there is nothing to show.	n/a ComputedFY2025 10-K, filed Feb 19, 2026, 0000723612-26-000012
Return on assets	-2.8% ComputedFY2025 10-K, filed Feb 19, 2026, 0000723612-26-000012
Gross margin Why n/a Our archived statements for this filer carry no gross profit line, so there is nothing to compute a gross margin from and trace back to source. That may be because the filer presents no cost of revenue, or because we have not captured the concept. We do not guess which.	n/a ComputedFY2025 10-K, filed Feb 19, 2026, 0000723612-26-000012
Operating margin Why n/a No operating income line is filed for this year.	n/a ComputedFY2025 10-K, filed Feb 19, 2026, 0000723612-26-000012
Net margin	-7.6% ComputedFY2025 10-K, filed Feb 19, 2026, 0000723612-26-000012

CAR -7.6%

-7.6%3.9%

Net margin: CAR 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

Avis Budget Group, Inc: leverage, liquidity and distress, each with its source
Figure	Value, 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 ComputedFY2025 10-K, filed Feb 19, 2026, 0000723612-26-000012
Current ratio	0.72 ComputedFY2025 10-K, filed Feb 19, 2026, 0000723612-26-000012
Quick ratio	0.72 ComputedFY2025 10-K, filed Feb 19, 2026, 0000723612-26-000012
Interest coverage Why n/a No operating income line is filed for this year.	n/a ComputedFY2025 10-K, filed Feb 19, 2026, 0000723612-26-000012
Altman Z-score Why n/a We do not hold this figure for this company, so there is nothing to show.	n/a ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Feb 19, 2026, 0000723612-26-000012
Net debt	8.85B ComputedFY2025 10-K, filed Feb 19, 2026, 0000723612-26-000012

Total assets Total liabilities Shareholders’ equity (zero or below, not drawn)

The balance sheet, line by line

Financial health

What Avis Budget Group, Inc owned and owed at the end of fiscal 2025, from the balance sheet it filed (10-K, filed Feb 19, 2026, 0000723612-26-000012).

Avis Budget Group, Inc: balance sheet position
Total assets	31.26B FiledFY2025 10-K, filed Feb 19, 2026
Total liabilities	34.37B FiledFY2025 10-K, filed Feb 19, 2026
Shareholders' equity	-3.13B FiledFY2025 10-K, filed Feb 19, 2026
Cash	519.0M FiledFY2025 10-K, filed Feb 19, 2026
Total debt	9.37B FiledFY2025 10-K, filed Feb 19, 2026
Net debt	8.85B
Current ratio	0.72
Debt to equity	n/m

Debt to equity: FY2025: Filed shareholders equity is zero or below, so debt measured against it is not a measurement (n/m).
Interest cover: FY2025: No operating income line is filed for this year.

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

Avis Budget Group, Inc: what the market charges, each with its source
Figure	Value, source and document
Price to earnings Why n/m Earnings are zero or negative, so a price to earnings multiple is not meaningful. A negative P/E is not a cheap company and a large positive one from a near-zero denominator is not an expensive one.	n/m ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Feb 19, 2026, 0000723612-26-000012
P/E on trailing twelve months	8.37x ComputedClose of Oct 15, 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 15, 2026 · FY2025 10-K, filed Feb 19, 2026, 0000723612-26-000012
Price to sales	0.33x ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Feb 19, 2026, 0000723612-26-000012
Enterprise value to EBIT Why n/a We do not hold this figure for this company, so there is nothing to show.	n/a ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Feb 19, 2026, 0000723612-26-000012
Enterprise value to EBITDA Why n/a We do not hold this figure for this company, so there is nothing to show.	n/a ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Feb 19, 2026, 0000723612-26-000012
Price to earnings over growth Why n/m Earnings are zero or negative, so a price to earnings multiple is not meaningful. A negative P/E is not a cheap company and a large positive one from a near-zero denominator is not an expensive one.	n/m ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Feb 19, 2026, 0000723612-26-000012
Diluted earnings per share	-25.25 USD FiledFY2025 10-K, filed Feb 19, 2026, 0000723612-26-000012
Graham number Why n/m Earnings are zero or negative, so a price to earnings multiple is not meaningful. A negative P/E is not a cheap company and a large positive one from a near-zero denominator is not an expensive one.	n/m ComputedFY2025 10-K, filed Feb 19, 2026, 0000723612-26-000012

We publish no fair value or price target of our own. Value CAR 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 Avis Budget Group, Inc today, and the multiples it has carried. No value of ours: the figures are the filings’ and the market’s.

Avis Budget Group, Inc: valuation
Share price	109.77 USD
Market capitalisation	3.88B USD
Enterprise value to EBITDA	n/a
Graham number	n/m
Diluted earnings per share, FY2025	-25.25 USD

Price to earnings on trailing twelve months, a different basis from the fiscal-year P/E above, since Oct 3, 2016: low 1.95x, median 8.76x, high 69.00x, latest 8.37x. 1,848 trading days with a meaningful ratio, 673 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 Avis Budget Group, Inc

Same industry (Rental & Leasing Services) and size band (Mid, 2B to 10B), 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

Avis Budget Group, Inc: cash generation and what is paid out, each with its source
Figure	Value, source and document
Free cash flow yield Why n/a We do not hold this figure for this company, so there is nothing to show.	n/a ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Feb 19, 2026, 0000723612-26-000012
Free cash flow Why n/a The FY2025 filing carries no free cash flow we could read.	n/a ComputedFY2025 10-K, filed Feb 19, 2026, 0000723612-26-000012
Free cash flow margin Why n/a No free cash flow, and no operating cash flow and capital expenditure pair, is filed for this year.	n/a ComputedFY2025 10-K, filed Feb 19, 2026, 0000723612-26-000012
Dividend yield	0.0% ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Feb 19, 2026, 0000723612-26-000012
Payout ratio Why n/a We do not hold this figure for this company, so there is nothing to show.	n/a ComputedFY2025 10-K, filed Feb 19, 2026, 0000723612-26-000012

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.

Avis Budget Group, Inc.: the eight ratios, with the fiscal year and filing date behind each.
Figure	Value	Year	As of
	n/m	FY2025	Oct 15, 2026
n/m Not meaningful for this company, such as a P/E on negative earnings or a bank's EV/EBIT.
FormulaShare price / earnings per share. Where the filing states no earnings per share this listing can be priced on, which is every 20-F and 40-F filer because theirs is stated per ordinary share, it is market capitalisation / net income: the same multiple, undiluted. As ofThe close on Oct 15, 2026, over the filed figures of FY2025: a price is in this figure, and it moved after the filing. Form10-KFiledFeb 19, 2026PeriodFY2025Accession0000723612-26-000012What we read from itIncome statementFY2025Open on SEC.gov, accession 0000723612-26-000012, leaves this page and opens in a new tab
	n/m	FY2025	Oct 15, 2026
n/m Not meaningful for this company, such as a P/E on negative earnings or a bank's EV/EBIT.
FormulaMarket capitalisation / shareholders equity As ofThe close on Oct 15, 2026, over the filed figures of FY2025: a price is in this figure, and it moved after the filing. Form10-KFiledFeb 19, 2026PeriodFY2025Accession0000723612-26-000012What we read from itBalance sheetFY2025Open on SEC.gov, accession 0000723612-26-000012, leaves this page and opens in a new tab
	n/a	FY2025	Oct 15, 2026
n/a Operating profit is zero or negative, so there is no profit for a buyer's price to be a multiple of.
Formula(Market capitalisation + total debt - cash) / operating income, or over the filing's own EBIT (income before tax + interest expense) where the filer tags no operating line, as Johnson & Johnson does not in any of its ten filed years. As ofThe close on Oct 15, 2026, over the filed figures of FY2025: a price is in this figure, and it moved after the filing. Form10-KFiledFeb 19, 2026PeriodFY2025Accession0000723612-26-000012What we read from itIncome statementFY2025Open on SEC.gov, accession 0000723612-26-000012, leaves this page and opens in a new tabForm10-KFiledFeb 19, 2026PeriodFY2025Accession0000723612-26-000012What we read from itBalance sheetFY2025Open on SEC.gov, accession 0000723612-26-000012, leaves this page and opens in a new tab
	n/a	FY2025	Oct 15, 2026
n/a The filed cash flow statement reports neither free cash flow nor the operating cash flow and capital spending it is built from.
FormulaFree cash flow per share / share price x 100 As ofThe close on Oct 15, 2026, over the filed figures of FY2025: a price is in this figure, and it moved after the filing. Form10-KFiledFeb 19, 2026PeriodFY2025Accession0000723612-26-000012What we read from itCash flow statementFY2025Open on SEC.gov, accession 0000723612-26-000012, leaves this page and opens in a new tab
	n/a	FY2025	Feb 19, 2026
n/a The filed income tax is outside 0 to 100% of pre-tax income (a tax benefit on a profit, a charge on a loss, or a charge above the profit), which is a one-off in the tax line and not a rate operating profit was taxed at, so after-tax operating profit is not computed.
FormulaVendor trailing-twelve-month return on invested capital where one is published, which uses after-tax operating profit over total assets less current liabilities. Otherwise our own recompute: NOPAT / (shareholders equity + total debt - cash) x 100, where NOPAT is the filed operating profit after tax, or the filing's own EBIT after tax where the filer tags no operating line. As ofThe filing date of the statements below, for FY2025. Form10-KFiledFeb 19, 2026PeriodFY2025Accession0000723612-26-000012What we read from itIncome statementFY2025Open on SEC.gov, accession 0000723612-26-000012, leaves this page and opens in a new tabForm10-KFiledFeb 19, 2026PeriodFY2025Accession0000723612-26-000012What we read from itBalance sheetFY2025Open on SEC.gov, accession 0000723612-26-000012, leaves this page and opens in a new tab
	0.0%	FY2025	Oct 15, 2026
FormulaCommon dividends paid in the latest filed year / market capitalisation x 100. n/a where the filing cannot support it: a special or first-year payment, a total that mixes preferred dividends, or a cash-flow statement over 15 months old. As ofThe close on Oct 15, 2026, over the filed figures of FY2025: a price is in this figure, and it moved after the filing. Form10-KFiledFeb 19, 2026PeriodFY2025Accession0000723612-26-000012What we read from itCash flow statementFY2025Open on SEC.gov, accession 0000723612-26-000012, leaves this page and opens in a new tab
	n/m	FY2025	Feb 19, 2026
n/m Not meaningful for this company, such as a P/E on negative earnings or a bank's EV/EBIT.
FormulaTotal debt / shareholders equity As ofThe filing date of the statements below, for FY2025. Form10-KFiledFeb 19, 2026PeriodFY2025Accession0000723612-26-000012What we read from itBalance sheetFY2025Open on SEC.gov, accession 0000723612-26-000012, leaves this page and opens in a new tab
	0.72	FY2025	Feb 19, 2026
FormulaCurrent assets / current liabilities As ofThe filing date of the statements below, for FY2025. Form10-KFiledFeb 19, 2026PeriodFY2025Accession0000723612-26-000012What we read from itBalance sheetFY2025Open on SEC.gov, accession 0000723612-26-000012, leaves this page and opens in a new tab
	0.33x	FY2025	Oct 15, 2026
FormulaMarket capitalisation / revenue As ofThe close on Oct 15, 2026, over the filed figures of FY2025: a price is in this figure, and it moved after the filing. Form10-KFiledFeb 19, 2026PeriodFY2025Accession0000723612-26-000012What we read from itIncome statementFY2025Open on SEC.gov, accession 0000723612-26-000012, leaves this page and opens in a new tab
	n/m	FY2025	Oct 15, 2026
n/m Not meaningful for this company, such as a P/E on negative earnings or a bank's EV/EBIT.
FormulaPrice to earnings / the annual earnings growth rate, in percentage points As ofThe close on Oct 15, 2026, over the filed figures of FY2025: a price is in this figure, and it moved after the filing. Form10-KFiledFeb 19, 2026PeriodFY2025Accession0000723612-26-000012What we read from itIncome statementFY2025Open on SEC.gov, accession 0000723612-26-000012, leaves this page and opens in a new tab
	n/a	FY2025	Oct 15, 2026
n/a We hold no figure here and no stored reason for its absence. The gap is ours, not the company's.
Formula1.2 x working capital/assets + 1.4 x retained earnings/assets + 3.3 x EBIT/assets + 0.6 x market value of equity/total liabilities + 1.0 x revenue/assets As ofThe close on Oct 15, 2026, over the filed figures of FY2025: a price is in this figure, and it moved after the filing. Form10-KFiledFeb 19, 2026PeriodFY2025Accession0000723612-26-000012What we read from itIncome statementFY2025Open on SEC.gov, accession 0000723612-26-000012, leaves this page and opens in a new tabForm10-KFiledFeb 19, 2026PeriodFY2025Accession0000723612-26-000012What we read from itBalance sheetFY2025Open on SEC.gov, accession 0000723612-26-000012, leaves this page and opens in a new tab
	-2.47	FY2025	Feb 19, 2026
FormulaAn eight-variable index of year-on-year changes in receivables, gross margin, asset quality, revenue, depreciation, overheads, leverage and accruals As ofThe filing date of the statements below, for FY2025. Form10-KFiledFeb 19, 2026PeriodFY2025Accession0000723612-26-000012What we read from itIncome statementFY2025Open on SEC.gov, accession 0000723612-26-000012, leaves this page and opens in a new tabForm10-KFiledFeb 19, 2026PeriodFY2025Accession0000723612-26-000012What we read from itBalance sheetFY2025Open on SEC.gov, accession 0000723612-26-000012, leaves this page and opens in a new tabForm10-KFiledFeb 19, 2026PeriodFY2025Accession0000723612-26-000012What we read from itCash flow statementFY2025Open on SEC.gov, accession 0000723612-26-000012, leaves this page and opens in a new tab
	4/9	FY2025	Feb 19, 2026
FormulaOne point each for: positive return on assets, positive operating cash flow, rising return on assets, operating cash flow above net income, falling leverage, rising current ratio, no new shares issued, rising gross margin, rising asset turnover. As ofThe filing date of the statements below, for FY2025. Form10-KFiledFeb 19, 2026PeriodFY2025Accession0000723612-26-000012What we read from itIncome statementFY2025Open on SEC.gov, accession 0000723612-26-000012, leaves this page and opens in a new tabForm10-KFiledFeb 19, 2026PeriodFY2025Accession0000723612-26-000012What we read from itBalance sheetFY2025Open on SEC.gov, accession 0000723612-26-000012, leaves this page and opens in a new tabForm10-KFiledFeb 19, 2026PeriodFY2025Accession0000723612-26-000012What we read from itCash flow statementFY2025Open on SEC.gov, accession 0000723612-26-000012, leaves this page and opens in a new tab

The figures are computed from the accounts for fiscal 2025, the newest full year on file. 17 filed fiscal years on record, FY2008 to FY2025, from SEC EDGAR. Prices as of Oct 15, 2026. Ratios recomputed Oct 15, 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

10 filed fiscal years, FY2016 to FY2025, read from the annual reports Avis Budget Group, Inc filed with the SEC. Each year names its filing. Amounts in USD, as filed.

Avis Budget Group, Inc: revenue, earnings, free cash flow and returns, by fiscal year, with the filing each year was read from
Year	Revenue	Operating income	Net income	EPS, diluted	Free cash flow	Operating margin	Return on equity	Filing
FY2025	11.65B	-507.0M	-889.0M	-25.25	n/a	n/a	n/m	10-K, Feb 19, 20260000723612-26-000012
FY2024	11.79B	-2.27B	-1.82B	-51.23	n/a	n/a	n/m	10-K, Feb 14, 20250000723612-25-000005
FY2023	12.01B	2.21B	1.63B	42.08	n/a	n/a	n/m	10-K, Feb 16, 20240000723612-24-000007
FY2022	11.99B	3.89B	2.76B	57.16	n/a	n/a	n/m	10-K, Feb 16, 20230000723612-23-000015
FY2021	9.31B	1.93B	1.28B	19.44	n/a	n/a	n/m	10-K, Feb 17, 20220000723612-22-000006
FY2020	5.40B	-725.0M	-684.0M	-9.71	n/a	n/a	n/m	10-K, Feb 17, 20210000723612-21-000005
FY2019	9.17B	465.0M	302.0M	3.98	n/a	n/a	46.0%	10-K, Feb 20, 20200000723612-20-000011
FY2018	9.12B	455.0M	165.0M	2.06	n/a	n/a	39.9%	10-K, Feb 21, 20190000723612-19-000025
FY2017	8.85B	399.0M	361.0M	4.25	n/a	n/a	63.0%	10-K, Feb 22, 20180000723612-18-000024
FY2016	8.66B	482.0M	163.0M	1.75	n/a	n/a	73.8%	10-K, Feb 21, 20170000723612-17-000035

Revenue, compound annual growth FY2016 to FY2025: 3.4%
Earnings: Earnings was not positive in both 2016 and 2025, so a compound rate across the window is not defined. Both figures are in the table.
Earnings per share: Earnings per share was not positive in both 2016 and 2025, so a compound rate across the window is not defined. Both figures are in the table.
Free cash flow: Fewer than two filed years carry free cash flow.

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

Avis Budget Group, Inc: accounting screens and published tests, each with its source
Figure	Value, source and document
Beneish M-score	-2.47 ComputedFY2025 10-K, filed Feb 19, 2026, 0000723612-26-000012
Piotroski F-score	4/9 ComputedFY2025 10-K, filed Feb 19, 2026, 0000723612-26-000012
Named tests met	1 of 30 Computed
Beta	1.54 ComputedClose of Oct 15, 2026

The named tests

Of 30 tests value investors published: 1 met, 16 not met, 13 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: Low P/S, rising earnings (James O'Shaughnessy)
Does not: Defensive investor (Benjamin Graham); Deep value; Large cap, low P/E; High F-score, low P/B (Joseph Piotroski); Three forensic scores; Gross margin, turnover (Robert Novy-Marx); 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; Tangible book or below; Clean books, high ROIC
Not measured: Earnings yield and ROIC (Joel Greenblatt); Low PEG, low debt (Peter Lynch); High returns and growth; EV/EBITDA and coverage; High yield, low payout; ROIC at or above WACC; P/E times P/B (Benjamin Graham); Book or below, low debt (Walter Schloss); Cash-covered dividend; Cash-flow yield and ROIC; Cheapest quarter on P/E (David Dreman); Cheapest quarter on P/B (David Dreman); Low P/E, growth, yield (John Neff). A test with a figure we could not read is incomplete, never met and never failed.

Figures we could not read(21)

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.
P/E Ratio: Earnings are zero or negative, so a price to earnings multiple is not meaningful. A negative P/E is not a cheap company and a large positive one from a near-zero denominator is not an expensive one.
EV/EBIT: We do not hold this figure for this company, so there is nothing to show.
Return on Invested Capital: The filed income tax is outside 0 to 100% of pre-tax income (a tax benefit on a profit, a charge on a loss, or a charge above the profit), which is a one-off in the tax line and not a rate operating profit was taxed at, so after-tax operating profit is not computed.
Altman Z-Score: We do not hold this figure for this company, so there is nothing to show.
PEG Ratio: Earnings are zero or negative, so a price to earnings multiple is not meaningful. A negative P/E is not a cheap company and a large positive one from a near-zero denominator is not an expensive one.
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.
Gross Margin: Our archived statements for this filer carry no gross profit line, so there is nothing to compute a gross margin from and trace back to source. That may be because the filer presents no cost of revenue, or because we have not captured the concept. We do not guess which.
EV/EBITDA: We do not hold this figure for this company, so there is nothing to show.
Interest Coverage: No operating income line is filed for this year.
Dividend Yield: The stored figure is a zero that can stand for data we do not hold, so this test is not measured.
Payout Ratio: We do not hold this figure for this company, so there is nothing to show.
Free Cash Flow Yield: We do not hold this figure for this company, so there is nothing to show.
ROIC-WACC Spread: We do not hold this figure for this company, so there is nothing to show.
Price To Graham: Earnings are zero or negative, so a price to earnings multiple is not meaningful. A negative P/E is not a cheap company and a large positive one from a near-zero denominator is not an expensive one.
Capex To Ocf: 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: The stored figure is a zero that can stand for data we do not hold, so this test is not measured.
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 Javier Sanz Alvarez: 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.

Value it in the DCF workbench

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.

What this cannot tell you

21 figures could not be read on this company, among them Debt to Equity, P/B Ratio, P/E Ratio. Each blank in the table above names the rest, with its reason. 13 named tests come back incomplete because of them, which is neither met nor missed.

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.

Monitor my portfolio How this is computed

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Analyze your own portfolio

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.

Four questions, at a glance

Quality

Financial strength

Valuation

Cash generation

Revenue and net income, as filed

The reading, in brief

Financial health

Valuation

Companies like Avis Budget Group, Inc

The filed figures

Ten years of filed figures

The named tests

What this cannot tell you

Margin Notes