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Verdict
Quantitative factor alignment verified for current market regime.
Quant Score
Rank
#4306
Positioning
Market Dominance
Services
Computer Software
$3.3B
Dustin Moskovitz
Asana, Inc. operates a work management platform for individuals, team leads, and executives in the United States and internationally. The company's platform enables teams to orchestrate work from daily tasks to cross-functional strategic initiatives. It serves customers in industries such as technology, retail, education, non-profit, government, healthcare, media, and financial services.
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X-AXIS: EV/EBITDA (LOWER = CHEAPER) | Y-AXIS: ROE (HIGHER = ELITE) | RED CIRCLE = ASAN ANALYSIS TARGET
| Stock | Rating | Score▼ | Quality | Value | Momentum | P/E | EV/EBITDA | ROE | ROA | Gross Mgn | Op Mgn | Net Mgn | Rev Growth | Div Yield | D/E | Mkt Cap | AUDIT |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
$YALA Yalla Group Ltd | 75 | 89 | 99 | 80 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$GRVY GRAVITY Co., Ltd. | 75 | 82 | 96 | 71 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$ISSC INNOVATIVE SOLUTIONS & SUPPORT INC | 73 | 81 | 88 | 94 | 25.0x | 14.1x | 17.1% | 10.3% | 35.5% | 14.6% | 10.1% | 105.2% | 0.0% | 41.0x | $244M | VS | |
$AER AerCap Holdings N.V. | 72 | 60 | 87 | 84 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$HCSG HEALTHCARE SERVICES GROUP INC | 72 | 74 | 88 | 88 | 7.1x | 6.1x | 28.9% | 20.8% | 20.8% | 9.9% | 9.3% | 8.5% | 0.0% | 1.0x | $1.2B | VS | |
$LQDT LIQUIDITY SERVICES INC | 72 | 90 | 88 | 68 | 24.9x | 14.3x | 14.1% | 8.3% | 45.7% | 8.5% | 6.2% | 28.1% | 0.0% | 0.0x | $736M | VS | |
$TRTNpA Triton International Ltd | 71 | 70 | 89 | 70 | - | 1.7x | 0.0% | - | 97.4% | 58.0% | 37.4% | - | 8.8% | 264.0x | $2.5B | VS | |
$EDU New Oriental Education & Technology Group Inc. | 71 | 83 | 52 | 77 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$NTES NetEase, Inc. | 71 | 88 | 93 | 68 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$UTI UNIVERSAL TECHNICAL INSTITUTE INC | 70 | 86 | 86 | 72 | 43.2x | 16.0x | 15.3% | 5.8% | 100.0% | 6.9% | 5.2% | 15.1% | 0.0% | 24.0x | $1.8B | VS | |
$ASAN Asana, Inc. | 33 | 42 | 32 | 17 | - | - | -104.5% | -23.4% | 89.5% | -26.7% | -25.3% | 9.3% | 0.0% | 346.0x | $3.3B | ||
| SECTOR BENCH | - | - | - | - | - | 23.7x | 11.7x | 5.7% | 2.4% | 64.6% | 4.5% | 2.8% | 8.6% | 0.0% | 0.3x | - | REF |
Asana, Inc. (ASAN) receives a "Avoid" rating with a composite score of 32.9/100. It ranks #4306 out of 7,333 stocks in our coverage universe and carries a 1-star rating. Ratings are driven by a 6-factor quantitative model measuring quality, value, momentum, investment, stability, and short interest.
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Lagging peers — losers tend to keep underperforming
Expensive relative to fundamentals — limited margin of safety
Average quality profile
Average volatility — neutral timing signal
Aggressive spending — empire-building risk, dilutive growth
Below-average composite — caution warranted
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Relative valuation derived from Services sector benchmarks. Model weights: EV/EBITDA (40%), P/B (35%), P/S (25%). Re-calculated daily.
No analyst ratings for ASAN.
View All Ratings| Factor | Global | Sector | Tilt |
|---|---|---|---|
| PROFITABILITY | 42 | 38 | +4NEUTRAL |
| MOMENTUM | 17 | 11 | +6ALPHA |
| VALUATION | 32 | 25 | +7ALPHA |
| INVESTMENT | 28 | 26 | +2NEUTRAL |
| STABILITY | 39 | 36 | +3NEUTRAL |
| SHORT INT | 27 | 13 | +14ALPHA |
Global = full universe. Sector = relative to industry peers. Positive tilt indicates idiosyncratic strength.
ROE proxy -104.5% (sector 5.7%)
GM 90% vs sector 65%, OM -27% vs sector 5%
Capital turnover N/A, R&D intensity 39.0%
Rev growth 9%, 6yr history
Interest coverage N/A
Composite assessment of profitability, capital efficiency, and financial strength. Top-tier entities demonstrate sustainable cash flow generation and elite competitive moats.
Profit generated per dollar of shareholder equity
Efficiency of asset utilization
Pricing power and cost efficiency
Core business profitability
Bottom-line profitability
The Quality factor evaluates the persistence and magnitude of realized cash flows. Companies with scores >70 exhibit superior pricing power and structural financial resilience through diverse economic regimes.
Our uncertainty rating tracks the predictability of future cash flows and potential for permanent capital loss. Moderate visibility with standard industry cyclicality.
We rate Asana, Inc. (ASAN) as Avoid with a composite score of 32.9/100 at a current price of $7.00. The stock falls in the bottom quintile, and the multi-factor weakness suggests a high probability of continued underperformance.
Asana, Inc. holds a top-quartile position (#0 of 50) within the Services sector, based on our composite quantitative scoring across quality, value, momentum, and stability factors. The composite score of 32.9/100 places it at rank #4306 in our full universe.
No Moat
Very High
Poor
Fair Value
Gross margins of 90% signal strong pricing power.
Stable competitive position in a defensive sector.
Leverage of 346% D/E amplifies downside risk.
Weak momentum suggests persistent institutional selling pressure.
Vulnerability to macroeconomic shocks and interest rate volatility.
Asana, Inc. represents a avoid based on multi-factor quantitative performance.
Our quantitative model flags Asana, Inc. with an Avoid rating, assigning a composite score of 32.9/100 and 1 out of 5 stars. Ranked #4306 of 7,333 stocks, ASAN falls in the bottom tier across key factors. Historically, stocks with this profile have faced elevated risk of underperformance and capital loss.
ASAN's quality score of 42/100 is below average, suggesting challenges with profitability or capital efficiency. The company reports a return on equity of -104.5% (sector avg: 5.7%), gross margins of 89.5% (sector avg: 64.6%), net margins of -25.3% (sector avg: 2.8%). Investors should examine whether management is actively addressing these weaknesses or if they reflect structural industry headwinds.
With a value score of 32/100, ASAN appears somewhat expensive relative to its fundamentals. Key valuation metrics include a P/B ratio of 9.14x. Investors paying a premium here are likely betting on above-average growth or margin expansion to justify current prices.
Asana, Inc.'s investment score of 28/100 suggests limited reinvestment activity. Key growth metrics include revenue growth of 9.3% vs. a sector average of 8.6% and a return on assets of -23.4% (sector: 2.4%). While this can be positive for mature, cash-generative businesses returning capital to shareholders, it may also signal a lack of growth opportunities or management conservatism.
Asana, Inc. is experiencing notably weak momentum with a score of just 17/100. The stock has underperformed its peers and is trending below major moving averages. Revenue growth stands at 9.3% year-over-year, while a beta of 1.69 reflects its sensitivity to broader market moves. While deep momentum weakness can occasionally present value opportunities, it often reflects deteriorating fundamentals or structural headwinds that may persist.
ASAN's stability score of 39/100 signals elevated volatility and/or leverage concerns. Key stability metrics include a beta of 1.69 and a debt-to-equity ratio of 346.00x (sector avg: 0.3x). Investors should be prepared for wider-than-average price swings and consider position sizing accordingly to manage portfolio risk.
Asana, Inc.'s short interest score of 27/100 reveals significant bearish positioning, suggesting institutional investors are actively betting against the stock. Specific risk factors include high market sensitivity (beta: 1.69), elevated leverage (D/E: 346.00x). At $3.3B (mid-cap), ASAN carries meaningful risk and is best suited for investors with high risk tolerance who have thoroughly evaluated the bear thesis.
Asana, Inc. is a mid-cap company in the Services sector, ranked #0 of 50 in its sector (100th percentile) and #4306 of 7,333 overall (41st percentile). Key comparisons include ROE of -104.5% trailing the 5.7% sector median and operating margins of -26.7% below the 4.5% sector average. This top-quartile standing reflects exceptional competitive strength relative to Services peers.
While ASAN currently exhibits a AVOID profile, superior opportunities exist within the SERVICES sector. Our model identifies several "Strong Buy" candidates with higher quality scores and more attractive valuations among direct industry competitors.
View Top Services Alpha →Quant Factor Profile
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Improvement in Momentum (17) would have the largest impact on the composite score.
ROE 1921% BELOW SECTOR MEDIAN
Gross Margin 39% ABOVE SECTOR MEDIAN (FAVORABLE)
Op. Margin 693% BELOW SECTOR MEDIAN
Above 50MA
37.18%
Net New Highs
+51081
Asana reported Q2 fiscal 2026 results with 10% revenue growth, highlighting strong AI Studio adoption, international expansion, and margin improvements. The company raised full-year revenue guidance and demonstrated resilience in non-tech verticals.
Asana reported its Q1 FY2026 results, achieving its first non-GAAP operating profit and delivering revenue growth. Key highlights include surpassing $1 million in annual recurring revenue (ARR) for AI Studio, a large contract renewal, and advancing AI-driven product innovation.
Asana's CEO Dustin Moskovitz is buying company shares aggressively, acquiring 450,000 shares worth $6.1 million, signaling confidence despite the stock being down 26.5% year-to-date. Analysts see potential 50% upside from current levels.
Palantir's share price has skyrocketed 585% since January 2024, making it one of the most expensive software stocks in history. However, history suggests that such high valuations are unsustainable, and the stock is likely to decline significantly in the future.