# Forge Nano Holdings Inc. (NANO) fundamentals

Data as of 2026-11-04. NASDAQ, United States. Sector: Industrials / Machinery. Price $3.75, market value $482 million.

## Valuation
- **P/E (trailing): n/a** (negative earnings). Forge Nano Holdings Inc. reported negative earnings over the last twelve months, so the P/E is not meaningful; use price-to-sales, EV/EBITDA and free-cash-flow yield instead.
- **Price / sales: 65.3×**. Each dollar of revenue is priced at 65.3×, a level that requires very high margins or very fast growth to justify.
- **Price / book: 27.8×**. The shares trade at 27.8× book value; most of the value is in earnings power and intangibles rather than the balance sheet.
- **Free-cash-flow yield: -7.3%** (5-yr avg -2.7%). Free cash flow is negative: the business is consuming cash, which is normal for heavy investment phases but a warning otherwise.

## Profitability
- **Gross margin: -52.2%**. Forge Nano Holdings Inc. keeps -52.2% of revenue after the direct cost of what it sells, a thin margin typical of retail, distribution and commodity businesses.
- **Operating margin: -508.7%**. Operating margin is negative: the business loses money before interest and tax.
- **Net margin: -584.4%**. The company reported a net loss over the last twelve months.
- **Return on equity: -248.4%**. Return on equity is negative because earnings are negative.
- **Return on invested capital: -35.7%**. Return on all capital, debt included, is -35.7%: close to or below the cost of capital, so growth may not create value.
- **Return on assets: -39.0%**. Each dollar of assets produces -39.0% of profit.

## Growth
- **Revenue growth (1 yr): -11.0%**. Revenue fell 11.0% over the last year.
- **EPS growth (1 yr): -60.0%**. Earnings per share fell 60.0%, slower than revenue, so margins compressed.

## Financial health
- **Debt to equity: 4.30**. Debt is 4.30 times equity, a leveraged balance sheet that needs steady cash flow to service.
- **Net debt / EBITDA: net cash**. Forge Nano Holdings Inc. holds more cash than debt.
- **Interest coverage: -5.8×**. Operating profit covers interest only -5.8×: fragile.
- **Current ratio: 0.95** (quick 0.80). Current liabilities exceed current assets, so the company depends on ongoing cash generation or refinancing to pay the next year's bills.
- **Altman Z-score: 2.26**. A Z-score of 2.26 is in the grey zone; not distressed, not clearly safe.
- **Piotroski F-score: 4/9**. 4 of 9 checks pass: mixed.

## Dividends
- **Dividend: none**. Forge Nano Holdings Inc. does not currently pay a dividend, but it returned -8.3% of its market value through buybacks over the last year.

## Price and momentum
- **Total return (1 yr): -66.6%** (YTD -66.6%, 3-mo -67.5%). The shares are down 66.6% over twelve months including dividends.
- **From 52-week high: -68.6%** (20.2% above the low). Trading 69% below its 52-week high, deep in a drawdown.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 22**. An RSI of 22 is oversold; bounces are common, but oversold can stay oversold in a real decline.
- **Beta (1 yr): 0.17** (volatility 65%). Beta of 0.17 against the S&P 500: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=NANO · Page: https://foliofundamentals.com/stocks/nano

Not investment advice.