Asana, Inc. Ratios | P/E, ROE & Valuation

On the Key Ratios page for Asana, Inc. (ASAN), the latest P/E of -11.1 frames valuation, while ROE -92.84% and ROIC -50.96% indicates profitability and capital efficiency. Together with the current ratio of 1.15 and debt-to-equity 1.81, these signals help you judge whether valuation is supported by fundamentals across the historical rows.

Financial Performance Ratios

ASAN Historical Per Share Metrics

8 years
Metric (FY)TTM2025202420232022202120202019
Revenue per Share$3.40$3.15$2.96$2.74$2.15$1.41$0.90$0.51
Net Income per Share$-0.69$-1.11$-1.17$-2.04$-1.63$-1.31$-0.75$-0.34
Operating Cash Flow per Share$0.52$0.07$-0.08$-0.80$-0.47$-0.58$-0.25$-0.20
Free Cash Flow per Share$0.47$0.04$-0.14$-0.84$-0.72$-0.94$-0.30$-0.22
Cash per Share$1.78$2.03$2.36$2.65$1.77$2.39$2.21$0.59
Book Value per Share$0.58$0.99$1.48$1.78$1.16$-0.08$-0.92$-1.21
Tangible Book Value per Share$0.58$0.99$1.48$1.78$1.16$-0.08$-0.92$-1.21
Interest Debt per Share$1.07$1.19$1.28$1.37$1.55$3.85$1.42$0.00
CAPEX per Share$0.05$0.02$0.06$0.04$0.24$0.36$0.05$0.02

ASAN Historical Valuation Ratios

8 years
Metric (FY)TTM2025202420232022202120202019
Price to Earnings (P/E)-11.14-19.16-14.94-7.6-32.11-27.05-38.54-84.59
Price to Book (P/B)13.3721.5211.768.745.42-447.74-31.45-23.8
Price to Sales (P/S)2.266.765.885.6724.4625.2232.0556.12
Enterprise Value to EBITDA-14.55-21.7-16.51-7.33-35.91-39.27-38.69-91.81
EV to Sales2.336.885.955.224.526.6631.4855.81
EV to Operating Cash Flow15.2333.71-216.42-17.78-110.67-65.17-111.86-141.96
EV to Free Cash Flow16.71532.34-124.81-17.02-73.3-40.03-94.72-127.56
Enterprise Value$1.88B$4.98B$3.88B$2.85B$9.27B$6.05B$4.49B$4.28B

ASAN Historical Profitability Ratios

8 years
Metric (FY)TTM2025202420232022202120202019
Return on Equity (ROE)-92.84%-112.31%-78.75%-114.36%-141.46%1655.41%81.61%28.14%
Return on Invested Capital (ROIC)-50.96%-54.04%-44.62%-63.28%-56.23%-30.70%-35.98%-74.08%
Return on Tangible Assets-20.29%-28.67%-26.72%-42.70%-40.78%-28.96%-28.12%-44.77%
Earnings Yield-8.92%-5.22%-6.69%-13.15%-3.11%-3.70%-2.59%-1.18%
Free Cash Flow Yield6.16%0.19%-0.81%-5.39%-1.37%-2.64%-1.04%-0.78%
Dividend Yield0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

ASAN Historical Liquidity & Financial Strength

8 years
Metric (FY)TTM2025202420232022202120202019
Current Ratio1.151.441.81.991.612.733.82.37
Interest Coverage-34.41-72.42-68.32-203.91-14.42-4.85-1533.730
Income Quality-0.76-0.060.070.390.290.440.340.59
Debt to Equity1.811.180.850.761.25-45.81-1.550
Debt to Assets30.82%30.11%28.89%28.43%36.15%80.13%53.40%0.00%
Net Debt to EBITDA-0.42-0.36-0.180.66-0.06-2.120.70.51

ASAN Historical Efficiency Ratios

8 years
Metric (FY)TTM2025202420232022202120202019
Receivables Turnover118.277.396.646.47.0511.2713.72
Payables Turnover3.697.789.347.493.372.992.633.79
Inventory Turnover0000001.511.68
Days Sales Outstanding33.1744.1549.4154.9456.9951.7632.426.6
Days Payables Outstanding98.7846.9239.0748.75108.45121.9138.5996.24
Days of Inventory on Hand000000241.81217.89

ASAN Historical Market Metrics

8 years
Metric (FY)TTM2025202420232022202120202019
Enterprise Value to EBITDA-14.55-21.7-16.51-7.33-35.91-39.27-38.69-91.81
Market Cap$1.83B$4.90B$3.84B$3.10B$9.26B$5.73B$4.57B$4.31B
Enterprise Value$1.88B$4.98B$3.88B$2.85B$9.27B$6.05B$4.49B$4.28B
Dividend Yield0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Payout Ratio0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

Is Asana, Inc. stock overvalued based on its P/E ratio?

On this page, you can use the latest P/E (from the Key Ratios table) as your starting point and compare it to the company's multi-year P/E range in the historical rows. When the current P/E sits near its historical average, valuation may be broadly "in line." Investors typically then focus on trend direction (whether profitability and cash-flow metrics are improving) and balance-sheet risk (liquidity and leverage) rather than treating the P/E in isolation.

What is Asana, Inc. market cap?

Market cap is the market value of a company's equity and is commonly calculated as share price multiplied by shares outstanding. The latest market cap shown in the table is $1.83B. Pair market cap with valuation multiples (P/E, P/B, P/S) so you can evaluate whether size also corresponds with "quality" and profitability. For a wider view across stocks, you can also use the stock screener.

What is a good P/E ratio for Asana, Inc. compared to its industry?

There isn't one universal "good" P/E - P/E should be judged against the business model and expected growth for its sector. A practical approach is: (1) compare the P/E on this page to Asana, Inc.'s own historical range (shown across the table's rows), and (2) benchmark against peer companies using the Screener's P/E filters and the Peers Comparison/Compare tools. If profitability (ROE/ROIC) and cash-flow strength are improving, a higher P/E can be more defensible; if returns are slipping, even a lower P/E may be a value trap.

How does Asana, Inc. compare to its competitors in key financial ratios?

The fastest way to compare Asana, Inc. with competitors is to use the built-in "Peers Comparison" section on this page and the Compare tool. Focus on a small set of ratios that work together: P/E for valuation, ROE/ROIC for profitability and capital efficiency, current ratio and interest coverage for liquidity and solvency, and debt-to-equity for leverage risk. When you see Asana, Inc. outperform peers on profitability while keeping valuation and leverage reasonable, it often signals stronger fundamentals.

Is Asana, Inc. financially strong based on its ratios?

To assess whether Asana, Inc. is financially strong, review both profitability and balance-sheet risk together. Current ratio is about 1.15, which is above 1.0 and can indicate more comfortable short-term liquidity. Interest coverage is about -34.41, implying less buffer for servicing interest costs. Debt-to-equity is about 1.81, suggesting higher leverage than a low-debt profile. Then confirm the same story is supported by ROE/ROIC (quality of earnings) and by cash-flow backed metrics in the table.

What do Asana, Inc.'s financial ratios say about its future growth?

Ratios are a way to see what the business is likely to sustain. Look for upward trends in profitability metrics (ROE and ROIC), improving earnings/cash-flow backed measures, and stable or strengthening liquidity. If Asana, Inc. is sustaining strong returns (for example ROE at -92.84% and ROIC at -50.96%) while debt levels and interest coverage remain manageable, growth expectations may be more credible. If valuation multiples expand while returns weaken, the market may be pricing optimistic growth ahead of results.