Think of Enterprise Value as the theoretical takeover price. It is more comprehensive than market capitalization (Market Cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Aqua Metals's Enterprise Value is $3.72 Mil.
Aqua Metals's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was $-18.01 Mil. Therefore, Aqua Metals's EV-to-EBIT ratio for today is -0.21.
EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, Aqua Metals's Enterprise Value is $3.72 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 ratio for today is -0.22.
EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, Aqua Metals's Enterprise Value is $3.72 Mil.
Aqua Metals's Revenue for the trailing twelve months (TTM) ended in Mar. 2026 was $0.00 Mil. Therefore, Aqua Metals's EV-to-Revenue ratio for today is .
EV-to-FCF is calculated as Enterprise Value divided by its Free Cash Flow. As of today, Aqua Metals's Enterprise Value is $3.72 Mil.
Aqua Metals's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was $-11.53 Mil. Therefore, Aqua Metals's EV-to-FCF ratio for today is -0.32.
*** Please note that the current Enterprise Value is calculated using the current market capitalization and the most recently available financial data. If key financial fields—Long-Term Debt & Capital Lease Obligation and Short-Term Debt & Capital Lease Obligation—are recorded as null in the latest reporting period, our data vendor will default to using data from the prior period with valid entries.
Aqua Metals (NAS:AQMS) Enterprise Value Explanation
When an investor buy a company, the investor needs to pay not only the common shares, he/she also needs to pay the shareholders of Preferred Stocks. He also assumes the debt of the company, and receives the cash on the company's balance sheet.
If a company has more cash than debt, the investor actually pays less than the Market Cap because he immediately owns the cash once the transaction goes through.
The market value of Preferred Stock needs to be added to the market value of common stocks in the calculation of Enterprise Value.
For the companies with the same Market Cap, the smaller the Enterprise Value is, the cheaper the company is.
Enterprise Value can be negative when the company's net cash is more than its Market Cap. In this case the investor is basically getting the company for free and get paid for that.
1. EV-to-EBIT is calculated as Enterprise Value divided by its EBIT.
Aqua Metals's current Enterprise Value is $3.72 Mil.
Aqua Metals's EBIT 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 $-18.01 Mil.
2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.
Aqua Metals's current Enterprise Value is $3.72 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.
Aqua Metals's current Enterprise Value is $3.72 Mil.
Aqua Metals's Revenue 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 $0.00 Mil.
Aqua Metals's current Enterprise Value is $3.72 Mil.
Aqua Metals's Cash Flow from Operations 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 $-11.34 Mil.
Aqua Metals's current Enterprise Value is $3.72 Mil.
Aqua Metals's Free Cash Flow 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 $-11.53 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 Enterprise Value Related Terms
Aqua Metals Enterprise Value Historical Data
* Premium members only.
The historical data trend for Aqua Metals's Enterprise Value 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.
AQMS vs AWX, OCLN, CDTG: Enterprise Value Comparison
For the Waste Management subindustry, Aqua Metals's Enterprise Value, along with its competitors' market caps and Enterprise Value 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 Enterprise Value vs Waste Management Industry
For the Waste Management industry and Industrials sector, Aqua Metals's Enterprise Value distribution charts can be found below:
* The bar in red indicates where Aqua Metals's Enterprise Value falls into.
Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
Aqua Metals's Enterprise Value for the fiscal year that ended in Dec. 2025 is calculated as
* 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 Enterprise Value of $3.72 Mil as of Jun. 25, 2026. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Aqua Metals and its competitors.
Is Aqua Metals' Enterprise Value too high?
Aqua Metals' current Enterprise Value is $3.72 Mil. Overall, Aqua Metals has a GF Score™ of 25/100, reflecting its overall financial health beyond just this single metric.
How does Aqua Metals' Enterprise Value compare to AWX and OCLN?
Aqua Metals' Enterprise Value of $3.72 Mil can be compared against companies in the Waste Management industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Enterprise Value for a Waste Management company?
A good Enterprise Value depends on the Waste Management industry context. However, Enterprise Value 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 Enterprise Value mean?
A high Enterprise Value can signal that a stock is expensive relative to its fundamentals. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Aqua Metals and its competitors. Aqua Metals's current Enterprise Value is $3.72 Mil. 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 Enterprise Value of $3.72 Mil. The current Enterprise Value is $3.72 Mil. Aqua Metals' overall GF Score™ is 25/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Enterprise Value calculated?
Enterprise Value is calculated from a company's financial statements. For Aqua Metals (AQMS), the current Enterprise Value is $3.72 Mil as of Jun. 25, 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.
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