AMREP Corporation Common Stock (AXR)

FairStock Score: 93/100 — HIGH CONVICTION

Key Financials

AI Analysis

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

I look at AMREP as a small asset play in land development and homebuilding, not a compounder. At the close on 2026-10-13, the stock was $20.40, giving a market capitalization of $108.6M. FairStock calculates price-to-book at 0.76, so Mr. Market is valuing the enterprise at about three-quarters of its accounting net assets. The Graham Number is $25.49, implying a 19.97% margin of safety, and the Lynch category is ASSET PLAY — trades at 0.76× book value. That is the main attraction. The balance sheet also shows no debt with D/E at 0.00, and FairStock’s Altman Z-Score of 16.35 points to low financial distress. But the operating business is cyclical and currently weak. In fiscal Q1 2027, the quarter ended 2026-07-31, revenue was $6.1M, net income $276,000, and diluted EPS $0.05, down sharply from fiscal Q1 2026, the quarter ended 2025-07-31, when revenue was $17.9M, net income $4.7M, and diluted EPS $0.87. Full fiscal 2026, ended 2026-04-30, produced $52.8M revenue, $10.3M net income, and $1.91 diluted EPS, but that was below fiscal 2025’s $12.7M net income and $2.37 diluted EPS. Returns on capital are modest, with FairStock ROE at 4.26% and ROCE at 2.66%, and trailing free cash flow is negative $367,000. The Piotroski F-Score of 3/9 confirms weak recent fundamentals. So I see a cheap-looking asset with no leverage and possible real estate value, but no clear durable moat or earnings momentum. The margin of safety depends on assets being worth close to book and eventually producing cash. Until then, the FairStock P/E of 18.72 and negative FCF make it a wait-and-see asset play, not a high-quality business.

In plain English: AMREP is a small company that develops land and builds homes. Its latest quarter was much weaker than a year earlier, with far lower sales and profit, so the business looks soft right now. The stock price is below the accounting value of its net assets, which may make it look cheap on assets, but it does not look clearly cheap based on recent profits.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

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

Sources (SEC EDGAR): fiscal Q1 2027 10-Q (period ended 2026-07-31) · fiscal Q3 2026 10-Q (period ended 2026-01-31) · fiscal Q2 2026 10-Q (period ended 2025-10-31) · fiscal Q1 2026 10-Q (period ended 2025-07-31) · FY2026 10-K (period ended 2026-04-30) · FY2025 10-K (period ended 2025-04-30) · FY2024 10-K (period ended 2024-04-30)

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