Alset Inc. Common Stock (TX) (AEI)

FairStock Score: 42/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I look for a durable business with honest owner earnings and a margin of safety. Alset does not yet fit that picture. Its real estate development operations are tiny: in fiscal Q2 2026, the quarter ended 2026-06-30, revenue was $988,542 and net loss was $5.3 million; in fiscal Q1 2026, the quarter ended 2026-03-31, revenue was $980,778 and net loss was $4.5 million. Full-year fiscal 2025, ended 2025-12-31, revenue was $4.5 million against a $47.4 million net loss, after $21.1 million revenue and a $4.0 million loss in fiscal 2024. That is not a stable earnings stream. The FairStock Lynch category is none because the company lost money in each of the last four years. Moat? I see no evidence of pricing power; revenue is shrinking and the company spreads itself across real estate, digital transformation, and biohealth with only 48 employees. Financial health is mixed: debt is very low at D/E 0.01, and Altman Z 2.67 and Piotroski F-Score 4/9 are FairStock calculations, but trailing free cash flow is -$8.8 million, a -32.0% FCF yield. Valuation: at the 2026-10-13 close of $0.71, market cap $27.7M, P/B 0.24 and P/E -0.73 are FairStock calculations. A sub-book price can tempt a Graham investor, but book value is only useful if assets are real and not being consumed by losses. With negative ROE -41.40%, negative ROCE -7.22%, and a 52-week range of $0.65-$3.98, this is a speculative turnaround, not a proven bargain.

In plain English: Alset is a small real estate developer that also has digital and biohealth activities. The business looks weak: sales are small, revenue has fallen sharply, and it has lost money in each of the last four years. At $0.71 on 2026-10-13 it trades below its stated accounting value, but given the losses and cash burn, the price looks speculative rather than clearly cheap.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer