ACTG

Acacia Research

Fundamental data last updated:April 13, 2026

company profile

SECTOR

Industrials

industry

Business Equipment & Supplies

Exchange

Nasdaq

County of HQ

United States

Next Earnings Date

05/14/26

Business Summary

Acacia Research operates as a capital allocator and acquirer of businesses, historically focused on patent monetization and more recently on acquiring and operating industrial and technology-related assets. It generates cash by purchasing undervalued or under-optimized assets and extracting value through licensing, operations, or restructuring. The moat is not brand-driven but transaction-driven—its edge lies in sourcing, structuring, and managing complex asset opportunities others overlook. Cash flow durability depends less on recurring sales and more on disciplined capital deployment and opportunistic deal-making.

VALUATION

P/E

22.3

Market Cap ($M USD)

$472

Forward P/E

-

PEG

-

PRICE TO SALES

1.7

PRICE TO BOOK

0.9

EV / EBITDA

2.6

5-Year Average P/E

DIVIDEND

Yield

-

Annual Payout

-

Payout Ratio

0.00%

Consecutive Years of Dividend Growth

0

5-Year Dividend Growth Rate

-

Financial Health & Profitability

Earnings Per Share

$0.23

Next Year EPS Growth Estimate

-

Next Year Revenue Growth Estimate

-

Return on Equity (ROE)

4.00%

Operating Margin

2.30%

Debt-to-Equity

0.2

Piotroski F-Score

8

Altman Z-Score

2.1

Return on Invested Capital (ROIC)

3.10%%

Current Ratio

9.2

Quick Ratio

Gainseekers Quantitative Analysis

Summary

At 22.3x earnings with a Price/Book of 0.9, the market is treating ACTG like a no-growth, balance-sheet story despite a Piotroski F-Score of 8 and a Current Ratio of 9.2. The absence of a Forward P/E and negative growth visibility, combined with an Altman Z-Score of 2.1, signals a company in the gray zone: not distressed, but hardly financially bulletproof. With ROIC at just 3.10% and Operating Margin at 4.00%, returns are mediocre, yet the discount to book suggests asset backing limits downside. This is not a high-quality compounder, but it may be mispriced if asset values are real and earnings stabilize above the $2.6 EPS level.

AI Exposure / Tech Reliance

Operating in Business Equipment & Supplies, ACTG is not inherently an AI-native platform, but the sector is highly exposed to automation and digital integration trends. Companies in this space must modernize supply chains, data analytics, and equipment efficiency to remain relevant. The ability to adapt to AI-driven operational improvements will determine whether its 4.00% Operating Margin expands or remains structurally constrained.

The Bull Case

A deep value or GARP investor buys this because the balance sheet screams survivability and optionality. A Piotroski F-Score of 8 indicates strong underlying financial trends, and a Current Ratio of 9.2 provides enormous liquidity flexibility. Trading at just 0.9x book with a modest 1.7x sales multiple, the market is pricing this below asset value despite positive EPS of 2.6 and a 3.10% ROIC that, while not impressive, is positive. If management can convert that liquidity and asset base into even modest margin expansion beyond 4.00%, the upside from multiple re-rating is significant.

The Bear Case

The bear case is blunt: Debt/Equity of 2.30% signals leverage risk relative to weak profitability, and ROIC of 3.10% is barely clearing the cost of capital in most environments. Operating Margin at 4.00% leaves no room for error, and with no Forward P/E or sales growth guidance, visibility is effectively zero. EPS Next Year is estimated at just $0.23, a dramatic compression versus 2.6, suggesting earnings volatility or one-time benefits in current figures. The Altman Z-Score of 2.1 places the firm in a cautionary zone, meaning balance sheet strength is not as bulletproof as the Current Ratio alone implies.

Market Sentiment & Smart Money

Short Interest %

4.20%

Analyst Consensus

1

Average Analyst Price Target

$6.00

Institutional Ownership %

87.70%

1-Year Beta

0.76

Insider Buying % (6 Mo)

1.40%%

Distance to 52-Week High

93.80%%

Distance to 52-Week Low

181.50%%