Adamas Trust, Inc. (ADAM) Financial Ratios
6 years of historical data (2020–2025) · Real Estate · REIT - Mortgage
EV/EBITDA
↑
65.30
↑+64% vs avg
5yr avg: 39.81
30Y Low15.1·High64.6
P/FCF
↓
6.35
↓-82% vs avg
5yr avg: 34.31
30Y Low5.3·High119.6
P/B Ratio
↓
0.56
+16% vs avg
5yr avg: 0.49
30Y Low0.4·High0.6
ROE
↑
10.5%
↓+2566% vs avg
5yr avg: -0.4%
30Y Low-14%·High10%
Debt/EBITDA
↑
61.99
↑+71% vs avg
5yr avg: 36.19
30Y Low10.4·High10.4
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
ADAM Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Adamas Trust, Inc. trades at 8.0x earnings, roughly in line with its 5-year average of 8.2x, sitting at the 50th percentile of its historical range. Compared to the Real Estate sector median P/E of 24.3x, the stock trades at a discount of 67%. On a free-cash-flow basis, the stock trades at 6.3x P/FCF, 82% below the 5-year average of 34.3x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Market Cap | $799M | $668M | $550M | $777M | $966M | $1.4B | $1.4B |
| Enterprise Value | $11.6B | $11.5B | $3.9B | $3.4B | $3.4B | $3.6B | $3.3B |
| P/E Ratio → | 8.03 | 6.64 | — | — | — | 9.79 | — |
| P/S Ratio | 0.99 | 0.83 | 0.98 | 1.55 | 6.99 | 3.73 | 9.25 |
| P/B Ratio | 0.56 | 0.47 | 0.39 | 0.48 | 0.52 | 0.58 | 0.59 |
| P/FCF | 6.35 | 5.31 | 119.61 | 25.93 | 10.52 | 10.20 | 12.35 |
| P/OCF | 5.96 | 4.98 | 39.11 | 25.93 | 10.52 | 10.20 | 12.32 |
P/E links to full P/E history page with 30-year chart
ADAM EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Adamas Trust, Inc.'s enterprise value stands at 65.3x EBITDA, 64% above its 5-year average of 39.8x. The Real Estate sector median is 16.7x, placing the stock at a 290% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 14.23 | 7.05 | 6.78 | 24.40 | 9.60 | 22.20 |
| EV / EBITDA | 65.30 | 64.56 | — | — | — | 15.06 | — |
| EV / EBIT | 84.12 | 83.17 | — | — | — | 19.11 | — |
| EV / FCF | — | 91.04 | 855.92 | 113.33 | 36.71 | 26.26 | 29.62 |
ADAM Profitability
Margins and return-on-capital ratios measuring operating efficiency
Adamas Trust, Inc. earns an operating margin of 17.1%, below the Real Estate sector average of 25.0%. Operating margins have expanded from -15.5% to 17.1% over the past 3 years, signaling improving operational efficiency. ROE of 10.5% is modest. ROIC of 1.2% represents below-average returns on invested capital.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Gross Margin | 43.8% | 43.8% | 42.6% | 61.6% | 6.3% | 79.1% | 91.7% |
| Operating Margin | 17.1% | 17.1% | -16.6% | -15.5% | -246.3% | 50.2% | -45.1% |
| Net Profit Margin | 18.5% | 18.5% | -11.1% | -9.7% | -216.2% | 50.8% | -195.0% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| ROE | 10.5% | 10.5% | -4.1% | -2.8% | -13.9% | 8.2% | -12.5% |
| ROA | 1.4% | 1.4% | -0.7% | -0.7% | -5.0% | 3.7% | -6.2% |
| ROIC | 1.2% | 1.2% | -1.5% | -1.4% | -5.7% | 3.2% | -1.2% |
| ROCE | 3.3% | 3.3% | -1.1% | -1.1% | -5.7% | 3.7% | — |
ADAM Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Adamas Trust, Inc. carries a Debt/EBITDA ratio of 62.0x, which is highly leveraged (694% above the sector average of 7.8x). Net debt stands at $10.8B ($11.0B total debt minus $210M cash). Interest coverage of just 0.3x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Debt / Equity | 7.69 | 7.69 | 2.52 | 1.72 | 1.42 | 1.04 | 0.96 |
| Debt / EBITDA | 61.99 | 61.99 | — | — | — | 10.40 | — |
| Net Debt / Equity | — | 7.54 | 2.40 | 1.61 | 1.29 | 0.92 | 0.83 |
| Net Debt / EBITDA | 60.80 | 60.80 | — | — | — | 9.21 | — |
| Debt / FCF | — | 85.73 | 736.31 | 87.41 | 26.19 | 16.06 | 17.28 |
| Interest Coverage | 0.30 | 0.30 | -0.29 | -0.40 | -2.63 | 2.41 | — |
ADAM Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.03x is below 1.0, meaning current liabilities exceed current assets.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Current Ratio | 0.03 | 0.03 | — | — | — | — | — |
| Quick Ratio | 0.03 | 0.03 | — | — | — | — | — |
| Cash Ratio | 0.03 | 0.03 | — | — | — | — | — |
| Asset Turnover | — | 0.06 | 0.06 | 0.07 | 0.02 | 0.07 | 0.03 |
| Inventory Turnover | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — |
ADAM Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Adamas Trust, Inc. returns 15.3% to shareholders annually — split between a 15.1% dividend yield and 0.2% buyback yield. The earnings yield of 12.5% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Dividend Yield | 15.1% | 18.3% | 13.6% | 16.6% | 15.7% | 10.7% | 10.7% |
| Payout Ratio | — | — | — | — | — | 78.5% | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Earnings Yield | 12.5% | 15.1% | — | — | — | 10.2% | — |
| FCF Yield | 15.8% | 18.8% | 0.8% | 3.9% | 9.5% | 9.8% | 8.1% |
| Buyback Yield | 0.2% | 0.2% | 0.6% | 1.1% | 4.6% | 0.0% | 0.0% |
| Total Shareholder Yield | 15.3% | 18.5% | 14.3% | 17.7% | 20.3% | 10.7% | 10.7% |
| Shares Outstanding | — | $92M | $91M | $91M | $94M | $95M | $93M |
Peer Comparison
Compare ADAM with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 ADAMYou | $799M | 8.0 | 65.3 | 6.3 | 43.8% | 17.1% | 10.5% | 1.2% | 62.0 |
 SACH | $51M | 27.3 | 11.3 | 20.5 | 97.8% | 58.8% | 3.5% | 4.8% | 9.8 |
 LOAN | $49M | 8.7 | 9.0 | 9.9 | 76.0% | 81.6% | 13.0% | 8.5% | 2.8 |
 GPMT | $71M | -1.3 | 20.7 | 26.6 | 83.0% | 43.6% | -7.0% | 2.6% | 20.6 |
 TPVG | $226M | 4.6 | 8.9 | — | 83.5% | 77.9% | 14.1% | 7.2% | 6.2 |
 RC | $330M | -0.8 | — | — | 100.0% | — | -19.0% | — | — |
 KREF | $422M | -6.3 | 18.3 | 6.3 | 88.3% | 59.3% | -3.6% | 3.4% | 17.1 |
 TRTX | $664M | 15.1 | 15.1 | 7.3 | 79.3% | 73.0% | 5.5% | 4.7% | 12.9 |
 PFSI | $5B | 9.3 | 18.1 | — | 91.4% | 34.6% | 12.3% | 4.4% | 15.3 |
 RWT | $696M | -8.8 | 21.2 | — | 95.6% | 95.3% | -6.5% | 3.9% | 20.8 |
 HASI | $6B | 30.7 | 39.3 | 24.4 | 99.6% | 66.2% | 7.3% | 2.7% | 19.1 |
| Real Estate Median | — | 24.3 | 16.7 | 15.7 | 50.7% | 25.0% | 3.5% | 2.6% | 7.8 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 6 years · Updated daily
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Start ComparisonADAM — Frequently Asked Questions
Quick answers to the most common questions about buying ADAM stock.
What is Adamas Trust, Inc.'s P/E ratio?
Adamas Trust, Inc.'s current P/E ratio is 8.0x. The historical average is 8.2x. This places it at the 50th percentile of its historical range.
What is Adamas Trust, Inc.'s EV/EBITDA?
Adamas Trust, Inc.'s current EV/EBITDA is 65.3x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 39.8x.
What is Adamas Trust, Inc.'s ROE?
Adamas Trust, Inc.'s return on equity (ROE) is 10.5%. The historical average is -2.4%.
Is ADAM stock overvalued?
Based on historical data, Adamas Trust, Inc. is trading at a P/E of 8.0x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Adamas Trust, Inc.'s dividend yield?
Adamas Trust, Inc.'s current dividend yield is 15.09%.
What are Adamas Trust, Inc.'s profit margins?
Adamas Trust, Inc. has 43.8% gross margin and 17.1% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does Adamas Trust, Inc. have?
Adamas Trust, Inc.'s Debt/EBITDA ratio is 62.0x, indicating high leverage. A ratio above 4x may signal elevated financial risk.