Aeries Technology, Inc.

AERT
About the company

Aeries Technology, Inc. provides professional and technology consulting services in North America, the Asia Pacific, and internationally.

Price: $4.50Market Cap: $24.9M

Investment snapshot

0%positive consensus
Scored 1d ago

Positive

0

BUY / PASS

Neutral / negative

3 / 13

NEUTRAL / FAIL

Median fair value

$0.90

-80.1% vs price

Models with upside

0 / 17

Positive margin of safety

Strongest signal

6 of 10 pass — Dreman, Marks, Ackman +1 more object

Key risk

No clean pass — all 8 investors flag at least one growth criterion

Framework analysis

VerdictMeaning
BUYPositive purchase signal: the framework's buy requirements are met.
PASSThe company clears the framework's checklist or screen, but the framework does not produce a buy signal. For valuation frameworks this often means margin of safety is missing, insufficient, or unavailable; some screen-only frameworks have no intrinsic-value BUY state.
NEUTRALNeither a positive nor negative conclusion. It does not mean to hold an existing position.
FAILThe company does not clear the framework's requirements.
RankedRanked strategies do not use PASS: selected cohort is BUY, outside the cohort is FAIL, and unranked is NEUTRAL.

Current investor scores use trailing 12-month flows and the latest balance sheet where supported. Multi-year and EPS tests retain annual history; each framework shows its financial basis below. Intrinsic values use annual financials.

MetricGraham

Defensive Value

Buffett

Quality Compounder

Lynch

GARP

Greenblatt

Magic Formula

Piotroski

F-Score

Dreman

Contrarian Value

Munger

Quality Focus

Pabrai

Dhandho Framework

Akre

Three-Legged Stool

Marks

Risk-Aware Value

Ackman

Activist Value

Templeton

Global Bargain Hunter

Sleep

Scale Economies Shared

Asness

Systematic Factors

Neff

Low-P/E Total Return

Schloss

Asset-Value Discipline

O'Shaughnessy

Systematic Factor Composite

VerdictFAILFAILFAILNot rankedNEUTRALFAILFAILFAILFAILFAILFAILFAILFAILNEUTRALFAILFAILNEUTRAL
Score
AnalysisChecking access…Checking access…Checking access…Checking access…Checking access…Checking access…Checking access…Checking access…Checking access…Checking access…Checking access…Checking access…Checking access…Checking access…Checking access…Checking access…Checking access…
Intrinsic Value (annual)N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Margin of SafetyN/A-625.8%N/AN/AN/AN/A-284.6%-1223.5%N/AN/A-233.3%N/AN/AN/AN/AN/AN/A
Financial Basis

TTM ended 2026-09-30 · Balance sheet at 2026-09-30 · Annual history · FY 2025

Latest source filing: 2026-11-12

Score computed: 2026-11-14

Annual history · FY 2025 · TTM ended 2026-09-30

Latest source filing: 2026-11-12

Score computed: 2026-11-14

Annual history · FY 2025 · Balance sheet at 2026-09-30 · TTM ended 2026-09-30 vs 2025-09-30 · TTM ended 2026-09-30

Latest source filing: 2026-11-12

Score computed: 2026-11-14

Annual history · FY 2025

Latest source filing: 2026-06-08

Score computed: 2026-11-14

Annual history · FY 2025

Latest source filing: 2026-06-08

Score computed: 2026-11-14

Annual history · FY 2025 · TTM ended 2026-09-30 · Balance sheet at 2026-09-30 · Market data at 2026-11-01

Latest source filing: 2026-11-12

Score computed: 2026-11-14

Qualitative assessment · Annual history · FY 2025 · TTM ended 2026-09-30 · Balance sheet at 2026-09-30

Latest source filing: 2026-11-12

Score computed: 2026-11-14

Qualitative assessment · Annual history · FY 2025

Latest source filing: 2026-06-08

Score computed: 2026-11-14

Annual history · FY 2025 · Qualitative assessment · TTM ended 2026-09-30 · Balance sheet at 2026-09-30

Latest source filing: 2026-11-12

Score computed: 2026-11-14

Annual history · FY 2025 · TTM ended 2026-09-30 · Qualitative assessment

Latest source filing: 2026-11-12

Score computed: 2026-11-14

Annual history · FY 2025 · TTM ended 2026-09-30 · Balance sheet at 2026-09-30 · Market data at 2026-11-01

Latest source filing: 2026-11-12

Score computed: 2026-11-14

Annual history · FY 2025 · Price history 2025-01-01–2026-11-01 · Balance sheet at 2026-09-30

Latest source filing: 2026-11-12

Score computed: 2026-11-14

Annual history · FY 2025 · Qualitative assessment

Latest source filing: 2026-06-08

Score computed: 2026-11-14

TTM ended 2026-09-30 · Balance sheet at 2026-09-30 · Price history 2025-01-01–2026-11-01 · Annual history · FY 2025

Latest source filing: 2026-11-12

Score computed: 2026-11-14

Annual history · FY 2025 · TTM ended 2026-09-30

Latest source filing: 2026-11-12

Score computed: 2026-11-14

Annual history · FY 2025 · Balance sheet at 2026-09-30

Latest source filing: 2026-11-12

Score computed: 2026-11-14

TTM ended 2026-09-30 · Annual history · FY 2025 · Price history 2025-01-01–2026-11-01

Latest source filing: 2026-11-12

Score computed: 2026-11-14

Where It Passes

  • Cash Flow60% pass✓ 7✗ 5▾

    6 of 10 pass — Dreman, Marks, Ackman +1 more object

    Free Cash Flow Proxy$2.6M
    ✓BuffettPositive and growing
    FCF Positive and Growing$8.2M
    ✓LynchPositive and growing
    Operating Cash Flow$6.8M
    ✓PiotroskiCFO > 0
    (CFO / Total Assets) vs ROACFO/Assets=16.16%, ROA=6.76%
    ✓PiotroskiCFO/Assets > ROA
    Price / (CFO / Shares)32.2x
    ✗Dreman< 8x
    P/E or FCF YieldP/E=90.0x, FCF Yield=22.7%
    ✓PabraiP/E < 15 or FCF Yield > 10%
    FCF Positive2/4 years FCF positive
    ✗MarksPositive FCF in majority of recent years
    (OCF - CapEx) / Market Cap3.7%
    ✗Ackman>= 4%
    Price / FCF per Share38.6x
    ✗Ackman<= 25
    Positive Operating Cash Flow frequency2/4 years positive
    ✗SleepPositive OCF in >= 70% of available years
    Operating Cash Flow - Capital Expenditures$8.2M
    ✓Neff> $0 (app proxy for a strong fundamental case)
    (Operating cash flow - capex) / market capitalization+32.83%; #166/4519 (top 3.7%)
    ✓OshaughnessyTop 10% of eligible cross-section

Where It Falls Short

  • Growth0% pass✓ 1✗ 12▾

    No clean pass — all 8 investors flag at least one growth criterion

    EPS Growth (3-yr avg, 10-yr window)
    ✗Graham>= 33% growth
    Basic earnings-growth PEG (dividends excluded)
    ✗Lynch< 1.0 (ideally < 0.5)
    3-5 Year EPS CAGR
    ✗Lynch15-30% (Fast Grower); > 0% to pass
    Inventory Growth vs Revenue GrowthN/A (no inventory)
    ✓LynchInventory growth < Revenue growth
    EPS Growth Direction
    ✗DremanPositive over recent years
    EPS CAGR
    ✗Dreman> 5% annualized
    Positive Net Income Frequency3/4 years positive
    ✗MarksPositive net income in >= 7 of last 10 years
    3yr Median Revenue Growth-0.3%
    ✗Ackman>= 5%
    Positive EPS Growth Frequency
    ✗AckmanPositive EPS growth in >= 3 of last 5 years
    5-Year EPS CAGR
    ✗Templeton> 0% (5-year EPS CAGR)
    Revenue growth vs. gross and operating margin trendgross margin 29.8% -> 24.7%, operating margin 4.1% -> 6.5%
    ✗SleepRevenue rising; gross margin flat or falling; operating margin holding
    5-year Revenue CAGR
    ✗SleepCAGR > 7%
    3-5 Year Diluted EPS CAGR
    ✗Neff7%-20% annualized
  • Verdicts0% pass✗ 13▾

    Split decision: 13 FAIL · 3 NEUTRAL

    Overall verdict
    ✗GrahamFAIL (0/9)✗BuffettFAIL (3/9)✗LynchFAIL (3/7)•GreenblattNot ranked•PiotroskiNEUTRAL (F-Score 7)✗DremanFAIL (1/11)✗MungerFAIL (0/4)✗PabraiFAIL (1/3)✗AkreFAIL (1/6)✗MarksFAIL (1/5)✗AckmanFAIL (0/9)✗TempletonFAIL (2/8)✗SleepFAIL (2/6)•AsnessNEUTRAL (Not ranked)✗NeffFAIL (2/6)✗SchlossFAIL (0/7)•OshaughnessyNEUTRAL (Not ranked)
  • Valuation models0% pass✗ 4▾

    AERT overvalued: all 4 models price fair value below $4.50 (median $0.90)

    Buffett fair value$0.62
    ✗Buffett-625.8% margin vs $4.50
    Munger fair value$1.17
    ✗Munger-284.6% margin vs $4.50
    Pabrai fair value$0.34
    ✗Pabrai-1223.5% margin vs $4.50
    Ackman fair value$1.35
    ✗Ackman-233.3% margin vs $4.50
  • Valuation8% pass✓ 5✗ 23▾

    12 of 13 flag AERT's valuation — Graham, Lynch, Greenblatt +9 more

    Price / 3-yr avg EPS
    ✗Graham<= 15x
    Price-to-Book Ratio
    ✗Graham<= 1.5x
    P/E x P/B
    ✗Graham<= 22.5
    Basic earnings-growth PEG (dividends excluded)
    ✗Lynch< 1.0 (ideally < 0.5)
    EBIT / Enterprise Value20.9%
    ✓Greenblatt> 10%
    Earnings Yield + ROC AssessmentEY=20.9%, ROC=N/A (invested capital <= 0)
    ✗GreenblattBoth EY > 10% and ROC > 25%
    Price / EPS90.0x
    ✗Dreman< 12x✗Templeton< 12x (fixed ceiling; proxy for the market's cheapest 40%)
    Price / (CFO / Shares)32.2x
    ✗Dreman< 8x
    Price / Book Value per ShareN/A (negative BVPS)
    ✗Dreman< 1.2x✗Templeton< 1.5x✗SchlossP/B <= 0.80x (app cutoff)
    Valuation ReasonablenessP/E=90.0x, OE Yield=1.2%
    ✗MungerP/E < 25 or Owner Earnings Yield > 5%
    P/E or FCF YieldP/E=90.0x, FCF Yield=22.7%
    ✓PabraiP/E < 15 or FCF Yield > 10%
    P/B or P/E vs. Historical AverageP/E=90.0x
    ✗MarksP/E < 15 or P/B < 2.0
    Discount to Intrinsic Value
    ✗Marks>= 20% below intrinsic value
    Price / FCF per Share38.6x
    ✗Ackman<= 25
    Price vs. Trailing Low180% of trailing low ($2.50)
    ✗Templeton<= 120% of trailing low (certified split-adjusted live window)
    Net income / market capitalization+17.34%; #318/6340 (top 5.0%)
    ✓AsnessTop 30% of eligible cross-section✓OshaughnessyTop 10% of eligible cross-section
    Positive book equity / market capitalization-0.0658; #5644/6449 (top 87.5%)
    ✗AsnessTop 30% of eligible cross-section
    Price / Diluted EPS90.0x
    ✗NeffP/E <= 15x (app proxy for a P/E 40%-60% below the market)
    (EPS CAGR % + Dividend Yield %) / P/E
    ✗Neff> 0.7 (Neff's published traditional edge)
    Price / Tangible Book Value per ShareN/A (non-positive TBVPS)
    ✗SchlossP/TBV <= 1.00x (app cutoff)
    Book Value per Share Change
    ✗SchlossLatest BVPS >= earliest BVPS over >= 3 years (app rule)
    Revenue / market capitalization+3.1105; #783/5247 (top 14.9%)
    ✗OshaughnessyTop 10% of eligible cross-section
    (Operating cash flow - capex) / market capitalization+32.83%; #166/4519 (top 3.7%)
    ✓OshaughnessyTop 10% of eligible cross-section
    Trailing six-month price return through the evaluation date-25.00%; #4207/6202 (top 67.8%)
    ✗OshaughnessyTop 10% of eligible cross-section
  • Profitability13% pass✓ 11✗ 24▾

    14 of 16 flag AERT's profitability — Graham, Buffett, Lynch +11 more

    Positive EPS (10 years)2/6 years positive
    ✗GrahamPositive EPS every year for 10 years
    EPS Growth (3-yr avg, 10-yr window)
    ✗Graham>= 33% growth
    Net Income Positive (10+ years)3/6 years positive
    ✗BuffettPositive every year for 10+ years
    ROE (up to 5-year arithmetic mean)14.0%
    ✗Buffett> 15% arithmetic mean (app rule)
    Operating Margin (10-yr trend)6.5% (latest)
    ✗BuffettStable or rising over 10 years
    Free Cash Flow Proxy$2.6M
    ✓BuffettPositive and growing
    Earnings Variance (10-yr CoV)
    ✗BuffettCoV < 0.3
    Retained Earnings Effectiveness
    ✗Buffett$1 retained -> > $1 market value created
    Basic earnings-growth PEG (dividends excluded)
    ✗Lynch< 1.0 (ideally < 0.5)
    3-5 Year EPS CAGR
    ✗Lynch15-30% (Fast Grower); > 0% to pass
    ROEN/A (negative equity)
    ✗Lynch> 15%
    EBIT / Enterprise Value20.9%
    ✓Greenblatt> 10%
    Earnings Yield + ROC AssessmentEY=20.9%, ROC=N/A (invested capital <= 0)
    ✗GreenblattBoth EY > 10% and ROC > 25%
    Net Income / Total Assets6.76%
    ✓PiotroskiROA > 0
    ROA Change YoY-54.21% -> 6.76% (delta: +60.97%)
    ✓PiotroskiCurrent ROA > Prior ROA
    (CFO / Total Assets) vs ROACFO/Assets=16.16%, ROA=6.76%
    ✓PiotroskiCFO/Assets > ROA
    Gross Margin Change YoY23.8% -> 24.7%
    ✓PiotroskiImproved YoY
    Pre-Tax Income / Revenue8.9%
    ✓Dreman>= 8%
    Net Income / Shareholders' Equity
    ✗Dreman> 12%
    Margin of SafetyP/E=90.0x
    ✗PabraiP/B < 1.5 or P/E < 15
    Return on Equity14.0% (3-yr avg)
    ✗AkreROE > 20% (3-year avg)
    Discount to Intrinsic Value
    ✗Marks>= 20% below intrinsic value
    Positive Net Income Frequency3/4 years positive
    ✗MarksPositive net income in >= 7 of last 10 years
    Operating Income / Revenue7.7%
    ✗Ackman>= 15%
    Net Income / Shareholders Equity
    ✗Ackman>= 15%
    5-Year EPS CAGR
    ✗Templeton> 0% (5-year EPS CAGR)
    Operating Margin Trend4.1% (2023) -> 6.5% (2025)
    ✓TempletonNon-negative operating-margin trend over 3 years
    Revenue growth vs. gross and operating margin trendgross margin 29.8% -> 24.7%, operating margin 4.1% -> 6.5%
    ✗SleepRevenue rising; gross margin flat or falling; operating margin holding
    Net income / market capitalization+17.34%; #318/6340 (top 5.0%)
    ✓AsnessTop 30% of eligible cross-section✓OshaughnessyTop 10% of eligible cross-section
    Gross profit / total assets+49.61%; #676/3702 (top 18.3%)
    ✓AsnessTop 30% of eligible cross-section
    Net income / positive book equity
    ✗AsnessTop 30% of eligible cross-section
    Negative 5-year standard deviation of ROA-0.3246; #4651/5884 (top 79.0%)
    ✗AsnessTop 30% of eligible cross-section
    3-5 Year Diluted EPS CAGR
    ✗Neff7%-20% annualized
    Positive Diluted-EPS Years
    ✗Schloss>= 70% positive over 5-10 observed years (app rule)
  • Debt & Leverage17% pass✓ 3✗ 12▾

    10 of 12 flag AERT's debt & leverage — Graham, Buffett, Lynch +7 more

    LT Debt vs Net Current AssetsLT Debt $0.8M vs NCA $-4.9M
    ✗GrahamLT Debt <= Net Current Assets
    Debt/Equity & Interest CoverageD/E: N/A (negative equity), IC: 15.1x
    ✗BuffettD/E < 0.5 AND Interest Coverage > 5x
    Total Debt / EquityN/A (negative equity)
    ✗Lynch< 0.33
    Cash - Long-term Debt$3.1M
    ✓LynchPositive preferred
    LT Debt / Total Assets Change2.75% -> 1.90%
    ✓PiotroskiDecreased YoY
    Current Assets / Current Liabilities0.81
    ✗Dreman> 1.5✗SchlossCurrent ratio >= 1.50x (app cutoff)
    Total Debt / Shareholders' Equity
    ✗Dreman< 0.8✗Templeton< 1.0 (fixed cap; proxy for below-sector-median leverage)✗SchlossD/E < 1.00x
    Debt LevelsN/A (non-positive equity)
    ✗MungerDebt/Equity < 0.5✗AkreDebt/Equity < 0.3
    Interest Coverage & Debt/EBITDAIC=15.1x, D/EBITDA=0.2x
    ✓MarksInterest Coverage > 3x; Debt/EBITDA < 4x
    Total Debt / Shareholders Equity
    ✗Ackman<= 1.0
    Negative debt-to-equity (higher means less debt)
    ✗AsnessTop 30% of eligible cross-section
  • Efficiency25% pass✓ 4✗ 7▾

    6 of 8 flag AERT's efficiency — Graham, Greenblatt, Piotroski +3 more

    Current Ratio0.81
    ✗Graham>= 2.0
    ROIC (3-5 yr avg)14.2%
    ✓Buffett> 10%
    ROIC - WACC+4.2%
    ✓BuffettPositive (WACC = 10%)
    EBIT / (NWC + Net Fixed Assets)N/A (invested capital <= 0)
    ✗Greenblatt> 25%
    Current Ratio Change YoY0.66 -> 0.78
    ✓PiotroskiIncreased YoY
    Revenue / Total Assets Change YoY1.76x -> 1.67x
    ✗PiotroskiImproved YoY
    Current Assets / Current Liabilities0.81
    ✗Dreman> 1.5
    Return on Invested CapitalN/A (non-positive invested capital)
    ✗Munger> 15%
    ROIC (high and growing)FY2023: ROIC=unavailable; FY2024: ROIC=unavailable; FY2025: ROIC=unavailable
    ✗AkreLatest 3 consecutive FYs: ROIC > 15% in each
    Reinvestment Rate x ROIC
    ✗AkreReinvestment Rate * ROIC > 10%
    ROIC (5-year)1/1 years above 12% (latest 13.0%)
    ✓SleepROIC > 12% in a majority of years

Business & financials

Financial snapshot: annual FY 2025. Current investor scores may use newer quarterly data.

Company Profile

Industry: Business Services
SIC Sector: Engineering & Management Services
Size: Micro Cap($24.9M)
Revenue: $70.0M-0.3% YoY
Net Income: $2.8M+113.1% YoY

Financial Snapshot

Operating Margin6.5%
Return on Equity-93.3%
Debt / Equity-0.53
Current Ratio0.78
EPS (Diluted)$0.05
Shares Retired−2.9%

Shareholder Return

Fiscal 2025

Issued 2.9% of shares last year.

Buybacks
—
Dividends
—

Company Financials

Latest TTM and quarters alongside annual years

TTM sums four consecutive quarters and uses the latest quarter-end balances. Quarter columns show three-month results; annual columns show full-year totals. Growth compares the same period a year earlier. EPS is not added for TTM; full-year ratios are blank for quarters.

The latest annual period end is unavailable. Showing the latest fiscal cycle’s quarters; quarter and annual columns may overlap. Quarterly shows the full quarter history.

MetricTTM · 2026-09-30

2025-10-01 – 2026-09-30

Sources · derived quarter values

Derived from cumulative filings: operating cash flow, depreciation amortization, capex, revenue, net income, operating income, gross profit, ebit, pre tax income, interest expense.

Q2 FY 2027

2026-07-01 – 2026-09-30

Sources · derived quarter values

Derived from cumulative filings: operating cash flow, depreciation amortization, capex.

Q1 FY 2027

2026-04-01 – 2026-06-30

Sources
FY 2025
Sources
  • 10-K · 2026-06-08
FY 2024
Sources
  • 10-K · 2025-07-02
FY 2023
Sources
  • 10-K · 2024-09-27
FY 2022
Sources
  • 10-K · 2023-03-31
FY 2021
Sources
  • 10-K · 2022-04-01
Market Cap$24.9Mcurrent----$25.0Mest.$28.5Mest.$276.1Mest.----
Revenue$77.4M↑12%$18.1M↑5%$21.9M↑43%$70.0M$70.2M↓3%$72.5M↑37%$53.1M--
Operating Income$6.0M↑210%$899.0K↓55%$3.4M↑310%$4.5M↑116%-$28.8M↓1063%$3.0M↑28%$2.3M--
Net Income$4.3M↑407%$1.3M↑253%$1.9M↑23%$2.8M↑113%-$21.6M↓225%$17.3M↑911%$1.7M--
EPS (Diluted)--$0.20↑1900%$0.27↑800%$0.05↑111%$-0.46↓151%$0.91----
Gross Margin24.5%↓5%22.4%↓23%29.1%↑18%24.7%↑4%23.8%↓20%29.8%↑16%25.7%—
Operating Margin7.7%↑198%5.0%↓57%15.3%↑187%6.5%↑116%-41.0%↓1095%4.1%↓6%4.4%—
ROE-263.5%↓644%——-93.3%↓125%372.1%↑364%-141.0%↓1107%14.0%—
Total Debt$1.6M↓16%$1.6M↓16%$1.6M↓27%$1.6M↓27%$2.2M↓24%$2.9M↑49%$1.9M↑830%$208.5K
Shareholders' Equity-$1.6M↑44%-$1.6M↑44%-$2.8M↑35%-$3.0M↑48%-$5.8M↑53%-$12.2M↓200%$12.2M↑162%-$19.8M
Current Ratio0.81↑15%0.81↑15%0.85↑30%0.78↑18%0.66↓24%0.86↓48%1.64↓29%2.31
Debt / Equity-0.96↓48%-0.96↓48%-0.57↓12%-0.53↓39%-0.38↓61%-0.24↓248%0.16↑1610%-0.01
Operating Cash Flow$9.1M↑673%-$84.0K↓108%$4.8M↑252%$6.8M↑771%-$1.0M↑77%-$4.3M↓304%$2.1M--
Free Cash Flow$8.2M↑17277%-$274.0K↓142%$4.5M↑309%$5.7M↑327%-$2.5M↑57%-$5.8M↓1239%$511.0K--

Score history

Historical Score Timeline

Industry peers

Industry Peers

Similar companies in Business Services

AERT vs Peers — Financial Grading

Revenue$70.0MBottom 25%
Net Income$2.8MMedian
ROE-93.3%Bottom 25%
D/E-0.53Top 25%
Op. Margin6.5%Top 25%
Curr. Ratio0.78Bottom 25%
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AUTOMATIC DATA PROCESSING INCADP$122.3B$309.93$21.9B$4.4B73.2%0.8224.2%1.054/95/93/70/3F-Score 65/11
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Rubrik, Inc.RBRK$22.6B$109.88$1.3B$348.8M67.1%—-26.2%1.691/90/92/70/3F-Score 62/11
AECOMACM$9.1B$70.50$16.1B$561.8M22.5%1.096.4%1.141/93/93/71/3F-Score 82/11
COMMVAULT SYSTEMS INCCVLT$6.2B$152.07$1.2B$70.7M942.8%—6.3%1.951/92/94/70/3F-Score 66/11
WPP plcWPP$6.0B$27.79$18.2B$289.5M-8.5%1.942.8%0.891/92/91/70/3F-Score 32/11
VARONIS SYSTEMS INCVRNS$5.6B$48.94$623.5M$129.3M-21.6%0.76-23.5%1.971/90/91/70/3F-Score 51/11
ROBERT HALF INC.RHI$4.3B$42.00$5.4B$133.0M10.4%—1.4%1.532/95/91/70/3F-Score 52/11