Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Aqua MetalsAQMS -2.50%21 EV-to-EBITDA is -0.20 as of Jul. 22, 2026. GuruFocus rates AQMS with a GF Score™ of 21/100. The stock has 3 warning signs investors should review. Among 175 Waste Management companies, Aqua Metals ranks worse than 571428% on this metric.
EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, Aqua Metals's enterprise value is $3.41 Mil.
Aqua Metals's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was $-16.90 Mil. Therefore, Aqua Metals's EV-to-EBITDA for today is -0.20.
The historical rank and industry rank for Aqua Metals's EV-to-EBITDA or its related term are showing as below:
AQMS'
s EV-to-EBITDA Range Over the Past 10 Years
Min: -17.12 Med: -2.58 Max: 0.1
Current: -0.2
During the past 12 years, the highest EV-to-EBITDA of Aqua Metals was 0.10. The lowest was -17.12. And the median was -2.58.
AQMS's EV-to-EBITDA is ranked worse than 100% of 175
companies
in the Waste Management industry
Industry Median: 11.35
vs AQMS: -0.20
EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio to determine the fair market value of a company.
The "classic" EV-to-EBITDA is much better in capturing debt and net cash than the PE Ratio (TTM).
Aqua Metals (NAS:AQMS) EV-to-EBITDA Explanation
EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Aqua Metals's PE Ratio (TTM) for today is calculated as:
Aqua Metals's share price for today is $2.724.
Aqua Metals's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $-12.330.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Study has found that the companies with the lowest EV-to-EBITDA outperforms companies measured as cheap by other ratios such as PE Ratio (TTM).
The historical data trend for Aqua Metals's EV-to-EBITDA can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Waste Management subindustry, Aqua Metals's EV-to-EBITDA, along with its competitors' market caps and EV-to-EBITDA data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Aqua Metals EV-to-EBITDA vs Waste Management Industry
For the Waste Management industry and Industrials sector, Aqua Metals's EV-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Aqua Metals's EV-to-EBITDA falls into.
Aqua Metals's current Enterprise Value is $3.41 Mil.
Aqua Metals's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $-16.90 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Aqua Metals (AQMS) has a EV-to-EBITDA of -0.20 as of Jul. 22, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Aqua Metals. According to the industry distribution chart, Aqua Metals ranks #999999 out of 175 companies in the Waste Management industry.
Is Aqua Metals' EV-to-EBITDA too high?
Aqua Metals' current EV-to-EBITDA is -0.20. Based on the distribution chart, Aqua Metals ranks #999999 out of 175 companies in the Waste Management industry, which is in the bottom quartile relative to peers. Overall, Aqua Metals has a GF Score™ of 21/100, reflecting its overall financial health beyond just this single metric.
How does Aqua Metals' EV-to-EBITDA compare to AWX and OCLN?
According to the Waste Management industry distribution chart, Aqua Metals ranks #999999 out of 175 companies for EV-to-EBITDA. This places Aqua Metals in the lower half of its industry. The industry median EV-to-EBITDA is 11.35. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-EBITDA for a Waste Management company?
The median EV-to-EBITDA among Waste Management companies is 11.35, based on 175 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EV-to-EBITDA mean?
A high EV-to-EBITDA can signal that a stock is expensive relative to its fundamentals. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Aqua Metals. For the Waste Management industry, the median EV-to-EBITDA is 11.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Aqua Metals's current EV-to-EBITDA is -0.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aqua Metals stock overvalued right now?
Aqua Metals (AQMS) has a current EV-to-EBITDA of -0.20. The current EV-to-EBITDA is -0.20. Aqua Metals' overall GF Score™ is 21/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-EBITDA calculated?
EV-to-EBITDA is calculated from a company's financial statements. For Aqua Metals (AQMS), the current EV-to-EBITDA is -0.20 as of Jul. 22, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Aqua Metals Inc is developing and seeking to commercialize proprietary recycling and refining technologies for the recovery of critical minerals and metals. Its patented and patent-pending AquaRefining process is an electro-hydrometallurgical method designed to recover high-purity materials from battery and other metal-bearing feedstocks using a closed-loop system powered by electricity. Its idea is to reduce CAPEX and OPEX costs, reduce emissions, hazardous waste, and reliance on conventional smelting and chemical-intensive refining processes. It has one operating segment: sustainable metals recycling. It focused on the development and commercialization of AquaRefining technology for the clean and efficient recovery of valuable metals from lead-acid and lithium-ion batteries.
21GF Score
Get the complete analysis for AQMS
EV-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
AQMS has been successfully added to your 
