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Cemtrex, Inc. (CETX)

NASDAQ / Technology / Software - Infrastructure

Share price

1.81 USD Market dataClose of Oct 14, 2026

Market capitalisation

3.1M USD Market dataClose of Oct 14, 2026
Market data
Oct 14, 2026
Filed accounts
FY2025, filed Dec 29, 2025
Ratios computed
Oct 14, 2026
Filed years
16, FY2009 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

Four questions, at a glance

Quality

Return on equity

-322.5% Computed

From the FY2025 filing

Read quality

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

Free cash flow yield

n/m Computed

FY2025 accounts, priced at the latest close

Why n/m

Not meaningful for this company, such as a P/E on negative earnings or a bank's EV/EBIT.

Read cash generation

Revenue and net income, as filed

FY2016 Revenue: 93.7M USDFY2016 Net income: 5.0M USDFY2017 Revenue: 120.6M USDFY2017 Net income: 4.4M USDFY2018 Revenue: 22.6M USDFY2018 Net income: -9.2M USDFY2019 Revenue: 39.3M USDFY2019 Net income: -22.4M USDFY2020 Revenue: 43.5M USDFY2020 Net income: -10.5M USDFY2021 Revenue: 43.1M USDFY2021 Net income: 7.8M USDFY2022 Revenue: 45.0M USDFY2022 Net income: -13.0M USDFY2023 Revenue: 59.4M USDFY2023 Net income: -1.5M USDFY2024 Revenue: 66.9M USDFY2024 Net income: -7.2M USDFY2025 Revenue: 76.5M USDFY2025 Net income: -28.1M USD
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 equity was -322.5% in FY2025, in the band labelled "Likely below the cost of equity" (below 8.0%), on lines anchored on Damodaran's cost-of-capital data, suggesting returns on shareholders' money below the usual cost of equity.

Today, against the Software - Infrastructure industry (114 companies), -322.5% sits at the 3rd percentile; the middle half of that group runs from -25.7% to 16.2%.

Is it safe

Interest coverage was 0.24x in FY2025, in the band labelled "Distress territory" (below 1.50x), on lines anchored on Damodaran's interest-coverage table.

Year by year against peers
Whether Cemtrex, Inc.'s return on equity stayed above the median of the Software - Infrastructure industry, year by year. (FY2022 to FY2025, 4 fiscal years of Cemtrex, Inc. with a comparable figure)
The direction
Which way Cemtrex, Inc.'s return on equity has moved, and how steadily. (FY2016 to FY2025, 10 filed years of Cemtrex, Inc.)
What could explain it
What in Cemtrex, Inc.'s filed statements could explain the movements. (7 readings drawn from the statement lines Cemtrex, Inc. filed)
What to check next
What to check next on Cemtrex, Inc., and where in its filings. (8 questions for Cemtrex, Inc.)
In one paragraph
One paragraph on Cemtrex, Inc.'s returns, cash, balance sheet and price. (12 of sixteen figures read for Cemtrex, Inc.)

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

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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 Dec 29, 2025, accession 0001493152-25-029383.

3 of 10

Quality

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

SEC filingComputed

Cemtrex, Inc: returns on capital and margins, each with its source
FigureValue, 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 Dec 29, 2025, 0001493152-25-029383
Return on equity-322.5% ComputedFY2025 10-K, filed Dec 29, 2025, 0001493152-25-029383
Return on capital employed, pre-tax2.1% ComputedFY2025 10-K, filed Dec 29, 2025, 0001493152-25-029383
Return on assets-58.8% ComputedFY2025 10-K, filed Dec 29, 2025, 0001493152-25-029383
Gross margin42.2% ComputedFY2025 10-K, filed Dec 29, 2025, 0001493152-25-029383
Operating margin0.7% ComputedFY2025 10-K, filed Dec 29, 2025, 0001493152-25-029383
Net margin-36.8% ComputedFY2025 10-K, filed Dec 29, 2025, 0001493152-25-029383
CETX -36.8%
SOS -63.1%DTSS -5.4%CISO -30.4%BLIN -16.4%OBAI -105.8%
-105.8%-5.4%
Net margin: CETX 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

Cemtrex, Inc: leverage, liquidity and distress, each with its source
FigureValue, source and document
Debt to equity1.79 ComputedFY2025 10-K, filed Dec 29, 2025, 0001493152-25-029383
Current ratio1.22 ComputedFY2025 10-K, filed Dec 29, 2025, 0001493152-25-029383
Quick ratio0.94 ComputedFY2025 10-K, filed Dec 29, 2025, 0001493152-25-029383
Interest coverage0.24x ComputedFY2025 10-K, filed Dec 29, 2025, 0001493152-25-029383
Altman Z-score-1.15 ComputedClose of Oct 14, 2026 · FY2025 10-K, filed Dec 29, 2025, 0001493152-25-029383
Net debt10.6M ComputedFY2025 10-K, filed Dec 29, 2025, 0001493152-25-029383
Total assets 47.8MTotal liabilities 39.1MShareholders' equity 8.7MOwnsOwes, and equity
Total assets Total liabilities Shareholders’ equity
The balance sheet, line by line

Financial health

What Cemtrex, Inc owned and owed at the end of fiscal 2025, from the balance sheet it filed (10-K, filed Dec 29, 2025, 0001493152-25-029383).

Cemtrex, Inc: balance sheet position
Total assets47.8M FiledFY2025 10-K, filed Dec 29, 2025
Total liabilities39.1M FiledFY2025 10-K, filed Dec 29, 2025
Shareholders' equity8.7M FiledFY2025 10-K, filed Dec 29, 2025
Cash5.0M FiledFY2025 10-K, filed Dec 29, 2025
Total debt15.6M FiledFY2025 10-K, filed Dec 29, 2025
Net debt10.6M
Current ratio1.22
Debt to equity1.79

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

Cemtrex, Inc: what the market charges, each with its source
FigureValue, 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 14, 2026 · FY2025 10-K, filed Dec 29, 2025, 0001493152-25-029383
P/E on trailing twelve months0.00x 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/a

A stored zero the filing does not prove, withheld rather than published as if it were a measurement.

n/a ComputedClose of Oct 14, 2026 · FY2025 10-K, filed Dec 29, 2025, 0001493152-25-029383
Price to sales
Why n/a

A stored zero the filing does not prove, withheld rather than published as if it were a measurement.

n/a ComputedClose of Oct 14, 2026 · FY2025 10-K, filed Dec 29, 2025, 0001493152-25-029383
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 · FY2025 10-K, filed Dec 29, 2025, 0001493152-25-029383
Enterprise value to EBITDA5.70x ComputedClose of Oct 14, 2026 · FY2025 10-K, filed Dec 29, 2025, 0001493152-25-029383
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 14, 2026 · FY2025 10-K, filed Dec 29, 2025, 0001493152-25-029383
Diluted earnings per share-2108.80 USD FiledFY2025 10-K, filed Dec 29, 2025, 0001493152-25-029383
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 Dec 29, 2025, 0001493152-25-029383

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

Cemtrex, Inc: valuation
Share price1.81 USD
Market capitalisation3.1M USD
Enterprise value to EBITDA5.70x
Graham numbern/m
Diluted earnings per share, FY2025-2108.80 USD

Diluted earnings per share, FY2025: -210.88 as filed, -2108.80 after the 1-for-10 split on 5 Jun 2026.

Price to earnings on trailing twelve months, a different basis from the fiscal-year P/E above, since Oct 3, 2016: low 0.00x, median 183.58x, high 1324.75x, latest 0.00x. 873 trading days with a meaningful ratio, 1,648 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 Cemtrex, Inc

  1. SOS Limited (SOS)Market cap 1.1M USD
  2. Datasea Inc. (DTSS)Market cap 5.6M USD
  3. CISO Global Inc. (CISO)Market cap 8.2M USD
  4. Bridgeline Digital, Inc. (BLIN)Market cap 9.3M USD
  5. TG-17, Inc. Common Stock (OBAI)Market cap 5.1M USD

Same industry (Software - Infrastructure) 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

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

Not meaningful for this company, such as a P/E on negative earnings or a bank's EV/EBIT.

n/m ComputedClose of Oct 14, 2026 · FY2025 10-K, filed Dec 29, 2025, 0001493152-25-029383
Free cash flow-1.8M USD ComputedFY2025 10-K, filed Dec 29, 2025, 0001493152-25-029383
Free cash flow margin-2.3% ComputedFY2025 10-K, filed Dec 29, 2025, 0001493152-25-029383
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 · FY2025 10-K, filed Dec 29, 2025, 0001493152-25-029383
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 Dec 29, 2025, 0001493152-25-029383
FY2016 Free cash flow: 7.2M USDFY2016 Net income: 5.0M USDFY2017 Free cash flow: -4.7M USDFY2017 Net income: 4.4M USDFY2018 Free cash flow: -14.7M USDFY2018 Net income: -9.2M USDFY2019 Free cash flow: 2.3M USDFY2019 Net income: -22.4M USDFY2020 Free cash flow: -5.4M USDFY2020 Net income: -10.5M USDFY2021 Free cash flow: -11.1M USDFY2021 Net income: 7.8M USDFY2022 Free cash flow: -17.9M USDFY2022 Net income: -13.0M USDFY2023 Free cash flow: -5.0M USDFY2023 Net income: -1.5M USDFY2024 Free cash flow: -5.2M USDFY2024 Net income: -7.2M USDFY2025 Free cash flow: -1.8M USDFY2025 Net income: -28.1M 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.

Cemtrex, Inc.: the eight ratios, with the fiscal year and filing date behind each.
FigureValueYearAs of
n/mFY2025Oct 14, 2026
n/m Not meaningful for this company, such as a P/E on negative earnings or a bank's EV/EBIT.
n/aFY2025Oct 14, 2026
n/a A stored zero the filing does not prove, withheld rather than published as if it were a measurement.
n/aFY2025Oct 14, 2026
n/a Held back: the last annual report's share count does not match today's, as after a split.
n/mFY2025Oct 14, 2026
n/m Not meaningful for this company, such as a P/E on negative earnings or a bank's EV/EBIT.
n/aFY2025Dec 29, 2025
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/aFY2025Oct 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.
1.79FY2025Dec 29, 2025
1.22FY2025Dec 29, 2025
n/aFY2025Oct 14, 2026
n/a A stored zero the filing does not prove, withheld rather than published as if it were a measurement.
n/mFY2025Oct 14, 2026
n/m Not meaningful for this company, such as a P/E on negative earnings or a bank's EV/EBIT.
-1.15FY2025Oct 14, 2026
-2.80FY2025Dec 29, 2025
5/9FY2025Dec 29, 2025

The figures are computed from the accounts for fiscal 2025, the newest full year on file. 16 filed fiscal years on record, FY2009 to FY2025, 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

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

Cemtrex, 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
FY202576.5M509.8K-28.1M-2108.80-1.8M0.7%-322.5%10-K, Dec 29, 20250001493152-25-029383
FY202466.9M-5.3M-7.2M-2694.70-5.2M-7.9%-153.5%10-K, Dec 30, 20240001493152-24-052491
FY202359.4M-1.5M-1.5M-2364096.00-5.0M-2.5%-19.7%10-K, Dec 28, 20230001493152-23-046365
FY202245.0M-14.1M-13.0M-133470.00-17.9M-31.4%-93.4%10-K, Dec 28, 20220001493152-22-036671
FY202143.1M-8.7M7.8M6300.00-11.1M-20.3%34.6%10-K, Jan 21, 20220001493152-22-001976
FY202043.5M-4.6M-10.5M-315000.00-5.4M-10.5%-37.6%10-K, Jan 5, 20210001493152-21-000157
FY201939.3M-7.4M-22.4M-1912050.002.3M-19.0%-128.0%10-K, Jan 14, 20200001493152-20-000576
FY201822.6M-12.6M-9.2M-2268000.00-14.7M-55.4%-26.2%10-K, Jan 11, 20190001493152-19-000475
FY2017120.6M5.1M4.4M781200.00-4.7M4.2%11.3%10-K, Dec 13, 20170001493152-17-014572
FY201693.7M5.1M5.0M1486800.007.2M5.4%33.1%10-K, Dec 28, 20160001493152-16-016244
  • Revenue, compound annual growth FY2016 to FY2025: -2.2%
  • 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: Free cash flow was not positive in both 2016 and 2025, so a compound rate across the window is not defined. Both figures are in the table.

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

Cemtrex, Inc: accounting screens and published tests, each with its source
FigureValue, source and document
Beneish M-score-2.80 ComputedFY2025 10-K, filed Dec 29, 2025, 0001493152-25-029383
Piotroski F-score5/9 ComputedFY2025 10-K, filed Dec 29, 2025, 0001493152-25-029383
Named tests met1 of 30 Computed
Beta2.84 ComputedClose of Oct 14, 2026

The named tests

Of 30 tests value investors published: 1 met, 22 not met, 7 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
Gross margin, turnover (Robert Novy-Marx)
Does not
Defensive investor (Benjamin Graham); Large cap, low P/E; Earnings yield and ROIC (Joel Greenblatt); High F-score, low P/B (Joseph Piotroski); Three forensic scores; Low PEG, low debt (Peter Lynch); High returns and growth; EV/EBITDA and coverage; High yield, low payout; 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); Book or below, low debt (Walter Schloss); Tangible book or below; Cash-flow yield and ROIC; Clean books, high ROIC
Not measured
Deep value; ROIC at or above WACC; P/E times P/B (Benjamin Graham); Cash-covered dividend; 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(13)
  • P/B Ratio: The stored figure is a zero that can stand for data we do not hold, so this test is not measured.
  • 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.
  • 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.
  • 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.
  • 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.
  • 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.
  • P/S Ratio: The stored figure is a zero that can stand for data we do not hold, so this test is not measured.
  • 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: We do not hold this figure for this company, so there is nothing to show.

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.

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

  • 13 figures could not be read on this company, among them P/B Ratio, P/E Ratio, Return on Invested Capital. Each blank in the table above names the rest, with its reason. 7 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.

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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.

Margin Notes

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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