Ameresco
Financial ratios & Valuation

Forward Multiples (2025 – 2028)

2025202620272028
Price/Earnings ratio
12.217.717.165.63
Price/Sales ratio
0.610.550.510.48
Earnings per Share (EPS)
$1.80$2.86$3.08$3.92

Historical Multiples (2014 – 2023)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
31.1297.6121.2110.4316.9718.3446.1058.7831.2026.4325.2616.97
Price/Sales ratio
0.540.460.390.540.810.942.413.401.621.201.310.81
Price/Book Value ratio
1.121.000.861.161.711.905.055.883.591.832.901.71
Price/Cash Flow ratio
1.27K-5.86-4.39-2.86-12.11-4.15-24.29-24.03-8.75-23.59-7.08-12.11
Price/Free Cash Flow ratio
-11.47-2.84-1.90-1.73-3.52-2.41-8.73-11.63-4.44-2.65-3.59-2.41
Price/Earnings Growth ratio
0.09-1.070.010.0413.911.262.432.650.95-0.760.791.26
Dividend Yield
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Profitability Indicator Ratios
Gross Profit Margin
19.71%18.55%20.62%20.10%22.05%19.39%18.16%18.94%15.94%17.92%15.94%19.39%
Operating Profit Margin
2.21%1.11%3.65%5.10%7.50%5.95%6.92%7.85%7.28%5.98%7.43%5.95%
Pretax Profit Margin
1.06%0.04%2.51%4.00%5.38%4.21%5.46%6.42%5.79%2.78%5.79%5.38%
Net Profit Margin
1.75%0.47%1.84%5.22%4.82%5.12%5.23%5.79%5.20%4.54%5.20%4.82%
Effective Tax Rate
-65.01%973.63%26.70%-16.68%11.35%-10.25%-0.87%-2.61%6.78%-66.98%6.78%6.78%
Return on Assets
1.64%0.40%1.50%3.81%3.26%3.23%3.08%3.16%3.29%1.68%3.29%3.26%
Return On Equity
3.62%1.02%4.08%11.13%10.07%10.36%10.96%10.00%11.51%6.92%12.17%10.07%
Return on Capital Employed
2.71%1.28%3.91%4.67%6.29%4.97%5.22%5.45%6.44%2.92%6.56%6.29%
Liquidity Ratios
Current Ratio
1.551.461.181.421.391.261.28N/AN/AN/A1.231.26
Quick Ratio
1.491.391.121.371.361.231.251.321.211.231.121.23
Cash ratio
0.160.120.100.120.270.090.170.100.140.080.140.14
Days of Sales Outstanding
96.89107.2289.75108.6688.86134.77124.09155.06159.28220.15159.2888.86
Days of Inventory outstanding
6.819.398.545.184.614.823.703.263.384.413.384.82
Operating Cycle
103.70116.6198.30113.8593.48139.60127.80158.32162.66224.5642.65139.60
Days of Payables Outstanding
67.2781.5289.3886.5579.91105.7299.77114.4483.09130.2983.0979.91
Cash Conversion Cycle
36.4335.088.9127.2913.5633.8728.0243.8779.5794.2677.0213.56
Debt Ratios
Debt Ratio
0.160.160.200.190.210.410.420.170.310.400.680.21
Debt Equity Ratio
0.350.410.540.580.651.311.520.541.081.652.370.65
Long-term Debt to Capitalization
0.230.260.320.330.360.530.600.340.400.560.420.36
Total Debt to Capitalization
0.260.290.350.360.390.560.600.350.520.620.530.39
Interest Coverage Ratio
2.221.883.654.524.50N/A4.05N/AN/AN/A4.42N/A
Cash Flow to Debt Ratio
0.00-0.41-0.36-0.69-0.21-0.34-0.13-0.44-0.37-0.04-0.36-0.34
Company Equity Multiplier
2.192.512.702.923.083.203.553.153.494.113.493.08
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.00-0.07-0.08-0.19-0.06-0.22-0.09-0.14-0.18-0.05-0.18-0.22
Free Cash Flow / Operating Cash Flow Ratio
-110.902.062.301.653.431.712.782.061.968.881.961.71
Cash Flow Coverage Ratio
0.00-0.41-0.36-0.69-0.21-0.34-0.13-0.44-0.37-0.04-0.36-0.34
Short Term Coverage Ratio
0.02-3.68-3.01-6.10-1.97-2.80-16.80-27.45-1.02-0.21-1.00-1.97
Dividend Payout Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A