Aqua Metals Inc
NASDAQ: AQMS · INDUSTRIALS · WASTE MANAGEMENT
Updated 2026-05-01
Aqua Metals Inc (AQMS) Stock Valuation Analysis
Fair value estimate, historical valuation range, and quality signals for AQMS.
Current price exceeds what fundamentals support. Risk/reward skewed unfavorably.
AQMS historical valuation range
Where current P/E sits in AQMS's own 5Y range.
AQMS intrinsic value (DCF)
DCF-based fair value estimate vs current market price.
Standard discounted cash flow models produce unreliable output for unprofitable or near-breakeven companies. Revenue-based multiples such as P/S and EV/Sales, combined with the historical valuation position above, give a more reliable read for this stock.
Intrinsic value calculated using discounted cash flow (DCF) model based on projected free cash flows, discount rate, and terminal growth assumptions. A positive margin of safety indicates the current price is below estimated fair value, providing a cushion against estimation error.
AQMS valuation signals
Quick-read green flags, caution flags, and risks based on current metrics.
P/E Ratio — History
P/S Ratio — History
Current: 865.53x
Is AQMS overvalued in 2026?
Aqua Metals Inc (AQMS) currently trades at $5.17 per share with a market capitalization of $15,412,800.00. Based on our multi-factor framework, the stock appears richly valued with a Smart Value Score of 31/100. This score blends growth quality, financial health, and price attractiveness into a single institutional-grade read.
AQMS currently has no meaningful P/E ratio, which typically signals that the company is unprofitable, near breakeven, or emerging from a loss-making period. With a P/S ratio of 865.5x, the market is valuing the company primarily on its revenue rather than its earnings.
A standard DCF model does not produce reliable output for AQMS under current conditions. For unprofitable or near-breakeven companies, revenue-based multiples such as EV/Sales and historical P/S percentile are more informative than intrinsic value calculations.
Financial quality is a concern. The Piotroski F-Score of 1/9 flags weakening fundamentals that deserve closer scrutiny before the valuation case can be fully trusted.
Bottom line: AQMS appears richly valued on our framework, with a Smart Value Score of 31/100. At current levels the risk/reward is skewed against the buyer. A materially lower price or significant operational improvement would be needed to change the picture.
Frequently asked questions
Is AQMS overvalued in 2026?
Based on a Smart Value Score of 31/100, AQMS appears overvalued. Current price exceeds what fundamentals currently justify.
What is AQMS's fair value?
Standard DCF is unreliable for AQMS due to its current profitability profile. Revenue-based approaches such as EV/Sales or historical P/S percentile are more informative for this stock.
What P/E ratio does AQMS trade at?
AQMS does not have a meaningful P/E ratio at this time, typically a sign of unprofitability or an ongoing earnings transition.
Is AQMS a buy based on valuation?
WallStSmart does not issue buy or sell recommendations. Our Smart Value Score of 31/100 reflects the combined read on growth, quality, and price. The profile skews cautious. Consider waiting for a better price or clearer operational improvement.
How does AQMS's valuation compare to its history?
Insufficient historical valuation data exists yet for a confident percentile read on AQMS.
What is AQMS's Smart Value Score?
AQMS's Smart Value Score is 31/100. The Smart Value Score is a proprietary WallStSmart metric blending growth quality, financial health, and valuation attractiveness into a single 0-100 read. Scores above 75 are rare and indicate strong multi-factor alignment.