Alexander & Baldwin, Inc. (ALEX) Financial Ratios
17 years of historical data (2009–2025) · Real Estate · REIT - Diversified
EV/EBITDA
↑
23.32
↑+35% vs avg
5yr avg: 17.27
30Y Low4.9·High61.4
P/FCF
↑
55.58
+11% vs avg
5yr avg: 50.22
30Y Low13.9·High110.6
P/B Ratio
↓
1.54
+7% vs avg
5yr avg: 1.44
30Y Low0.9·High2.3
ROE
↑
6.5%
↓+134% vs avg
5yr avg: 2.8%
30Y Low-7%·High24%
Debt/EBITDA
↑
5.87
↑+34% vs avg
5yr avg: 4.39
30Y Low1.3·High20.1
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
ALEX Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Alexander & Baldwin, Inc. trades at 23.4x earnings, 35% below its 5-year average of 35.8x, sitting at the 44th percentile of its historical range. This is roughly in line with the Real Estate sector median P/E of 24.1x. On a free-cash-flow basis, the stock trades at 55.6x P/FCF, 11% above the 5-year average of 50.2x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $1.5B | $1.5B | $1.3B | $1.4B | $1.4B | $1.8B | $1.2B | $1.5B | $1.3B | $1.5B | $1.5B |
| Enterprise Value | $2.0B | $2.0B | $1.7B | $1.8B | $1.8B | $2.3B | $1.9B | $2.2B | $2.1B | $2.0B | $2.0B |
| P/E Ratio → | 23.42 | 23.19 | 21.37 | 46.39 | — | 52.27 | 221.96 | — | — | 6.39 | — |
| P/S Ratio | 7.34 | 7.30 | 5.45 | 6.63 | 5.90 | 7.17 | 6.54 | 3.48 | 2.01 | 3.46 | 3.82 |
| P/B Ratio | 1.54 | 1.53 | 1.29 | 1.38 | 1.31 | 1.71 | 1.13 | 1.34 | 1.07 | 2.26 | 1.22 |
| P/FCF | 55.58 | 55.27 | 27.34 | 38.57 | 110.55 | 19.40 | 29.27 | — | 94.03 | — | — |
| P/OCF | 19.07 | 18.96 | 13.17 | 20.64 | 39.99 | 14.67 | 19.71 | 9.60 | 4.19 | — | 13.30 |
P/E links to full P/E history page with 30-year chart
ALEX EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Alexander & Baldwin, Inc.'s enterprise value stands at 23.3x EBITDA, 35% above its 5-year average of 17.3x. The Real Estate sector median is 17.0x, placing the stock at a 37% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 9.69 | 7.32 | 8.79 | 7.82 | 9.03 | 9.94 | 5.11 | 3.20 | 4.78 | 5.14 |
| EV / EBITDA | 23.32 | 23.22 | 14.92 | 18.11 | 11.73 | 18.35 | 22.29 | 61.45 | 9.57 | 4.93 | 5.19 |
| EV / EBIT | 29.58 | 23.22 | 19.31 | 28.78 | 44.20 | 22.57 | 38.54 | — | — | 57.25 | 32.33 |
| EV / FCF | — | 73.40 | 36.68 | 51.15 | 146.63 | 24.42 | 44.52 | — | 149.59 | — | — |
ALEX Profitability
Margins and return-on-capital ratios measuring operating efficiency
Alexander & Baldwin, Inc. earns an operating margin of 32.9%, above the Real Estate sector average of 24.8%. Operating margins have expanded from 30.9% to 32.9% over the past 3 years, signaling improving operational efficiency. ROE of 6.5% is modest. ROIC of 3.5% 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 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 46.5% | 46.5% | 45.5% | 49.0% | 42.3% | 46.9% | 33.7% | 21.7% | 40.7% | 29.0% | 30.7% |
| Operating Margin | 32.9% | 32.9% | 33.7% | 30.9% | 50.2% | 33.6% | 22.3% | -3.3% | 26.8% | 6.8% | 13.9% |
| Net Profit Margin | 31.3% | 31.3% | 25.6% | 14.3% | -22.0% | 13.9% | 2.9% | -8.4% | -10.7% | 53.7% | -2.6% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 6.5% | 6.5% | 6.0% | 2.9% | -4.8% | 3.3% | 0.5% | -3.1% | -7.4% | 24.5% | -0.8% |
| ROA | 3.9% | 3.9% | 3.7% | 1.7% | -2.8% | 1.8% | 0.3% | -1.7% | -3.1% | 10.4% | -0.5% |
| ROIC | 3.5% | 3.5% | 4.1% | 3.3% | 5.8% | 3.9% | 1.8% | -0.6% | 8.1% | 1.5% | 2.3% |
| ROCE | 4.5% | 4.5% | 5.5% | 4.4% | 7.4% | 4.8% | 2.2% | -0.7% | 10.2% | 1.7% | 2.7% |
ALEX Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Alexander & Baldwin, Inc. carries a Debt/EBITDA ratio of 5.9x, which is highly leveraged (26% below the sector average of 7.9x). Net debt stands at $495M ($506M total debt minus $11M cash). Interest coverage of 4.0x is adequate, though a cyclical earnings downturn could tighten the margin of safety.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.51 | 0.51 | 0.47 | 0.46 | 0.46 | 0.50 | 0.64 | 0.64 | 0.64 | 0.97 | 0.42 |
| Debt / EBITDA | 5.87 | 5.87 | 4.09 | 4.59 | 3.10 | 4.30 | 8.31 | 20.06 | 3.61 | 1.53 | 1.34 |
| Net Debt / Equity | — | 0.50 | 0.44 | 0.45 | 0.43 | 0.44 | 0.59 | 0.63 | 0.63 | 0.86 | 0.42 |
| Net Debt / EBITDA | 5.74 | 5.74 | 3.80 | 4.45 | 2.89 | 3.78 | 7.64 | 19.64 | 3.56 | 1.36 | 1.34 |
| Debt / FCF | — | 18.13 | 9.35 | 12.58 | 36.08 | 5.03 | 15.25 | — | 55.56 | — | — |
| Interest Coverage | 3.97 | 3.97 | 3.51 | 2.77 | 1.86 | 3.86 | 1.62 | -0.18 | -0.50 | 1.39 | 2.34 |
ALEX Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.01x means Alexander & Baldwin, Inc. can comfortably meet its short-term obligations, though there is limited excess liquidity. The current ratio has improved from 0.29x to 1.01x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.01 | 1.01 | 0.26 | 0.29 | 0.62 | 0.99 | 1.81 | 1.73 | 3.12 | 0.33 | 0.84 |
| Quick Ratio | 1.01 | 1.01 | 0.26 | 0.29 | 0.62 | 0.90 | 1.67 | 1.57 | 2.92 | 0.30 | 0.58 |
| Cash Ratio | 0.11 | 0.11 | 0.16 | 0.07 | 0.12 | 0.28 | 0.45 | 0.12 | 0.09 | 0.07 | 0.01 |
| Asset Turnover | — | 0.12 | 0.14 | 0.13 | 0.13 | 0.14 | 0.09 | 0.21 | 0.29 | 0.19 | 0.18 |
| Inventory Turnover | — | — | — | — | — | 6.65 | 6.86 | 16.47 | 14.43 | 9.47 | 6.20 |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
ALEX Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Alexander & Baldwin, Inc. returns 4.7% to shareholders annually — split between a 4.3% dividend yield and 0.4% buyback yield. The payout ratio exceeds 100% at 101.6%, meaning the company is paying out more than it earns — this level is unsustainable long-term without earnings recovery. The earnings yield of 4.3% (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 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 4.3% | 4.4% | 5.0% | 4.6% | 4.2% | 2.6% | 1.1% | 3.3% | 12.1% | 0.7% | 0.8% |
| Payout Ratio | 101.6% | 101.6% | 107.3% | 215.8% | — | 131.6% | 246.4% | — | — | 4.5% | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 4.3% | 4.3% | 4.7% | 2.2% | — | 1.9% | 0.5% | — | — | 15.6% | — |
| FCF Yield | 1.8% | 1.8% | 3.7% | 2.6% | 0.9% | 5.2% | 3.4% | — | 1.1% | — | — |
| Buyback Yield | 0.4% | 0.4% | 0.2% | 0.4% | 0.5% | 0.1% | 0.0% | 0.1% | 0.1% | 0.5% | 0.0% |
| Total Shareholder Yield | 4.7% | 4.7% | 5.3% | 5.0% | 4.8% | 2.6% | 1.2% | 3.4% | 12.2% | 1.2% | 0.8% |
| Shares Outstanding | — | $73M | $73M | $73M | $73M | $73M | $72M | $72M | $71M | $53M | $49M |
Peer Comparison
Compare ALEX 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 |
|---|---|---|---|---|---|---|---|---|---|
 ALEXYou | $2B | 23.4 | 23.3 | 55.6 | 46.5% | 32.9% | 6.5% | 3.5% | 5.9 |
 UE | $3B | 30.2 | 16.7 | 15.4 | 8.6% | 26.8% | 6.8% | 3.2% | 6.3 |
 WHLR | $1M | -0.1 | 8.4 | 0.3 | 66.8% | 31.9% | 8.3% | 4.2% | 8.8 |
 NXRT | $686M | -21.5 | 18.0 | 8.2 | 84.3% | 11.1% | -8.9% | 1.1% | 12.6 |
 PECO | $5B | 46.2 | 16.5 | 24.4 | -1.4% | 27.2% | 4.3% | 3.0% | 5.4 |
 KIM | $17B | 29.7 | 18.3 | 21.6 | 54.7% | 35.2% | 5.5% | 3.0% | 6.3 |
 REG | $14B | 27.4 | 20.4 | 36.0 | 44.7% | 37.0% | 7.5% | 3.5% | 6.1 |
 BRX | $10B | 24.9 | 16.4 | 14.7 | 75.2% | 36.7% | 12.9% | 4.6% | 6.4 |
 SITC | $247M | 1.4 | 4.7 | 12.6 | -5.7% | -1.3% | 41.8% | -0.2% | 1.7 |
 AKR | $3B | 223.7 | 22.6 | 16.7 | 50.5% | 12.0% | 0.5% | 0.9% | 9.3 |
 CBRE | $38B | 33.8 | 22.4 | 31.9 | 15.0% | 3.2% | 12.3% | 6.2% | 4.8 |
| Real Estate Median | — | 24.1 | 17.0 | 15.4 | 49.3% | 24.8% | 3.7% | 2.7% | 7.9 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 17 years · Updated daily
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ALEX — Frequently Asked Questions
Quick answers to the most common questions about buying ALEX stock.
What is Alexander & Baldwin, Inc.'s P/E ratio?
Alexander & Baldwin, Inc.'s current P/E ratio is 23.4x. The historical average is 32.5x. This places it at the 44th percentile of its historical range.
What is Alexander & Baldwin, Inc.'s EV/EBITDA?
Alexander & Baldwin, Inc.'s current EV/EBITDA is 23.3x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 18.5x.
What is Alexander & Baldwin, Inc.'s ROE?
Alexander & Baldwin, Inc.'s return on equity (ROE) is 6.5%. The historical average is 3.3%.
Is ALEX stock overvalued?
Based on historical data, Alexander & Baldwin, Inc. is trading at a P/E of 23.4x. This is at the 44th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Alexander & Baldwin, Inc.'s dividend yield?
Alexander & Baldwin, Inc.'s current dividend yield is 4.32% with a payout ratio of 101.6%.
What are Alexander & Baldwin, Inc.'s profit margins?
Alexander & Baldwin, Inc. has 46.5% gross margin and 32.9% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does Alexander & Baldwin, Inc. have?
Alexander & Baldwin, Inc.'s Debt/EBITDA ratio is 5.9x, indicating high leverage. A ratio above 4x may signal elevated financial risk.