Alexander's, Inc. (ALX) Financial Ratios
30 years of historical data (1996–2025) · Real Estate · REIT - Retail
EV/EBITDA
↑
21.07
↑+30% vs avg
5yr avg: 16.24
30Y Low11.0·High74.0
P/FCF
↑
17.66
↑+33% vs avg
5yr avg: 13.30
30Y Low2.1·High62.4
P/B Ratio
↑
11.95
↑+94% vs avg
5yr avg: 6.14
30Y Low1.6·High74.4
ROE
↓
19.7%
↑-40% vs avg
5yr avg: 33.2%
30Y Low-114%·High398%
Debt/EBITDA
↓
9.41
+3% vs avg
5yr avg: 9.11
30Y Low4.5·High37.1
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
ALX Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Alexander's, Inc. trades at 46.2x earnings, 123% above its 5-year average of 20.7x, sitting at the 81st percentile of its historical range. Compared to the Real Estate sector median P/E of 24.3x, the stock trades at a premium of 90%. On a free-cash-flow basis, the stock trades at 17.7x P/FCF, 33% above the 5-year average of 13.3x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $1.3B | $1.1B | $1.0B | $1.1B | $1.1B | $1.3B | $1.4B | $1.7B | $1.6B | $2.0B | $2.2B |
| Enterprise Value | $2.1B | $1.9B | $1.8B | $1.7B | $2.0B | $2.0B | $2.1B | $2.4B | $2.4B | $3.0B | $2.9B |
| P/E Ratio → | 46.18 | 39.63 | 23.65 | 10.69 | 19.58 | 10.03 | 33.86 | 79.79 | 47.47 | 25.15 | 25.24 |
| P/S Ratio | 6.08 | 5.25 | 4.54 | 4.87 | 5.48 | 6.47 | 7.13 | 7.47 | 6.70 | 8.78 | 9.62 |
| P/B Ratio | 11.95 | 10.25 | 5.81 | 4.61 | 4.77 | 5.28 | 6.99 | 6.67 | 1.62 | 1.70 | 2.12 |
| P/FCF | 17.66 | 15.24 | 18.98 | 10.04 | 11.00 | 11.26 | 18.19 | 13.41 | 22.41 | 16.88 | 18.93 |
| P/OCF | 17.66 | 15.24 | 18.98 | 10.04 | 11.00 | 11.26 | 18.19 | 13.41 | 21.20 | 16.41 | 16.69 |
P/E links to full P/E history page with 30-year chart
ALX EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Alexander's, Inc.'s enterprise value stands at 21.1x EBITDA, 30% above its 5-year average of 16.2x. The Real Estate sector median is 16.7x, placing the stock at a 26% 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 | — | 9.07 | 7.91 | 7.36 | 9.83 | 9.51 | 10.79 | 10.44 | 10.47 | 12.83 | 12.98 |
| EV / EBITDA | 21.07 | 19.29 | 14.96 | 11.02 | 18.25 | 17.69 | 16.40 | 17.38 | 18.23 | 20.55 | 21.16 |
| EV / EBIT | 32.40 | 24.22 | 16.86 | 19.60 | 23.47 | 13.04 | 29.80 | 23.88 | 24.10 | 26.41 | 27.09 |
| EV / FCF | — | 26.33 | 33.11 | 15.18 | 19.74 | 16.54 | 27.51 | 18.75 | 35.04 | 24.65 | 25.55 |
ALX Profitability
Margins and return-on-capital ratios measuring operating efficiency
Alexander's, Inc. earns an operating margin of 30.6%, above the Real Estate sector average of 25.0%. Operating margins have compressed from 52.2% to 30.6% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 19.7% indicates solid capital efficiency. ROIC of 5.2% represents adequate 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 | 16.1% | 16.1% | 100.0% | 55.0% | 100.0% | 100.0% | 55.6% | 60.4% | 59.7% | 63.1% | 63.8% |
| Operating Margin | 30.6% | 30.6% | 36.1% | 52.2% | 38.6% | 37.0% | 52.4% | 44.0% | 43.2% | 45.7% | 46.5% |
| Net Profit Margin | 13.2% | 13.2% | 19.2% | 45.5% | 28.0% | 64.5% | 21.1% | 9.4% | 14.1% | 34.9% | 38.1% |
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 | 19.7% | 19.7% | 21.0% | 43.2% | 23.6% | 58.3% | 18.4% | 3.5% | 3.1% | 7.2% | 12.5% |
| ROA | 2.3% | 2.3% | 3.2% | 7.3% | 4.1% | 9.5% | 3.1% | 1.5% | 2.1% | 5.2% | 6.0% |
| ROIC | 5.2% | 5.2% | 7.1% | 9.1% | 5.9% | 6.3% | 8.4% | 5.4% | 3.8% | 4.0% | 5.4% |
| ROCE | 5.5% | 5.5% | 6.2% | 8.7% | 5.9% | 5.6% | 8.0% | 7.4% | 6.6% | 7.0% | 7.5% |
ALX Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Alexander's, Inc. carries a Debt/EBITDA ratio of 9.4x, which is highly leveraged (21% above the sector average of 7.8x). Net debt stands at $815M ($943M total debt minus $128M cash). Interest coverage of just 1.5x 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 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 8.64 | 8.64 | 6.24 | 4.60 | 4.61 | 4.31 | 5.69 | 3.83 | 1.21 | 1.04 | 1.02 |
| Debt / EBITDA | 9.41 | 9.41 | 9.21 | 7.27 | 9.84 | 9.84 | 8.83 | 7.14 | 8.69 | 8.62 | 7.56 |
| Net Debt / Equity | — | 7.47 | 4.32 | 2.36 | 3.79 | 2.48 | 3.58 | 2.65 | 0.91 | 0.78 | 0.74 |
| Net Debt / EBITDA | 8.13 | 8.13 | 6.39 | 3.73 | 8.08 | 5.65 | 5.56 | 4.95 | 6.57 | 6.48 | 5.48 |
| Debt / FCF | — | 11.10 | 14.13 | 5.14 | 8.74 | 5.28 | 9.32 | 5.34 | 12.63 | 7.77 | 6.62 |
| Interest Coverage | 1.55 | 1.55 | 1.69 | 1.45 | 3.01 | 7.63 | 2.98 | 2.54 | 2.27 | 3.56 | 4.89 |
ALX Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Alexander's, Inc.'s current ratio of 8.33x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The current ratio has declined from 13.04x to 8.33x 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 | 8.33 | 8.33 | 12.80 | 13.04 | 12.38 | 13.73 | 16.53 | 15.09 | 21.56 | 17.75 | 13.80 |
| Quick Ratio | 8.33 | 8.33 | 12.80 | 13.04 | 12.38 | 13.73 | 16.53 | 15.09 | 21.56 | 17.75 | 13.80 |
| Cash Ratio | 3.49 | 3.49 | 8.48 | 10.14 | 9.32 | 10.17 | 11.79 | 9.42 | 9.69 | 7.56 | 7.58 |
| Asset Turnover | — | 0.19 | 0.17 | 0.16 | 0.15 | 0.15 | 0.14 | 0.18 | 0.16 | 0.14 | 0.16 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
ALX Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Alexander's, Inc. returns 7.1% to shareholders annually primarily through dividends. The payout ratio exceeds 100% at 327.5%, meaning the company is paying out more than it earns — this level is unsustainable long-term without earnings recovery. The earnings yield of 2.2% (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 | 7.1% | 8.3% | 9.0% | 8.4% | 8.2% | 6.9% | 6.5% | 5.4% | 5.9% | 4.3% | 3.7% |
| Payout Ratio | 327.5% | 327.5% | 212.6% | 90.1% | 160.1% | 69.4% | 219.8% | 435.1% | 280.4% | 108.0% | 94.6% |
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 | 2.2% | 2.5% | 4.2% | 9.4% | 5.1% | 10.0% | 3.0% | 1.3% | 2.1% | 4.0% | 4.0% |
| FCF Yield | 5.7% | 6.6% | 5.3% | 10.0% | 9.1% | 8.9% | 5.5% | 7.5% | 4.5% | 5.9% | 5.3% |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 7.1% | 8.3% | 9.0% | 8.4% | 8.2% | 6.9% | 6.5% | 5.4% | 5.9% | 4.3% | 3.7% |
| Shares Outstanding | — | $5M | $5M | $5M | $5M | $5M | $5M | $5M | $5M | $5M | $5M |
Peer Comparison
Compare ALX 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 |
|---|---|---|---|---|---|---|---|---|---|
 ALXYou | $1B | 46.2 | 21.1 | 17.7 | 16.1% | 30.6% | 19.7% | 5.2% | 9.4 |
 SLG | $3B | -28.1 | 26.2 | — | 34.1% | 15.4% | -2.0% | 1.1% | 19.3 |
 VNO | $6B | 7.5 | 17.2 | 4.7 | 100.0% | 15.0% | 13.9% | 1.4% | 10.5 |
 ESRT | $964M | 31.5 | 9.8 | 19.1 | 1.8% | 17.7% | 2.6% | 2.6% | 7.4 |
 PGRE | $1B | -31.4 | 12.3 | 5.5 | 60.0% | 19.6% | -1.2% | 1.5% | 9.5 |
 BXP | $9B | 34.4 | 8.9 | 13.8 | 60.6% | 55.7% | 3.5% | 6.1% | 6.1 |
 KRG | $5B | 19.3 | 15.3 | 19.5 | 53.3% | 23.1% | 9.0% | 2.3% | 5.9 |
 REG | $14B | 28.0 | 20.7 | 36.7 | 44.7% | 37.0% | 7.5% | 3.5% | 6.1 |
 KIM | $16B | 28.7 | 17.8 | 20.8 | 54.7% | 35.2% | 5.5% | 3.0% | 6.3 |
 SPG | $67B | 14.5 | 20.6 | — | 85.7% | 49.9% | 89.6% | 7.6% | 6.4 |
 CBRE | $43B | 37.7 | 24.6 | 35.7 | 15.0% | 3.2% | 12.3% | 6.2% | 4.8 |
| 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 →
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Start ComparisonALX — Frequently Asked Questions
Quick answers to the most common questions about buying ALX stock.
What is Alexander's, Inc.'s P/E ratio?
Alexander's, Inc.'s current P/E ratio is 46.2x. The historical average is 29.2x. This places it at the 81th percentile of its historical range.
What is Alexander's, Inc.'s EV/EBITDA?
Alexander's, Inc.'s current EV/EBITDA is 21.1x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 20.7x.
What is Alexander's, Inc.'s ROE?
Alexander's, Inc.'s return on equity (ROE) is 19.7%. The historical average is 42.9%.
Is ALX stock overvalued?
Based on historical data, Alexander's, Inc. is trading at a P/E of 46.2x. This is at the 81th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Alexander's, Inc.'s dividend yield?
Alexander's, Inc.'s current dividend yield is 7.09% with a payout ratio of 327.5%.
What are Alexander's, Inc.'s profit margins?
Alexander's, Inc. has 16.1% gross margin and 30.6% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does Alexander's, Inc. have?
Alexander's, Inc.'s Debt/EBITDA ratio is 9.4x, indicating high leverage. A ratio above 4x may signal elevated financial risk.