Last 46 quarters of trend data · Real Estate · REIT - Retail
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
CBL & Associates Properties, Inc.'s quarterly P/E stands at 5.9x, down 1.6% year-over-year. EV/EBITDA has expanded 95.3% YoY to 19.7x, reflecting rising market expectations or slowing EBITDA growth.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 8.71 | 5.93 | 3.21 | 76.02 | 24.61 | 6.03 | 12.12 | 41.75 | — | 16.50 | 12.79 | — | 106.83 |
| — | -1.6% | -73.5% | +82.1% | — | -63.5% | -5.3% | — | — | -91.4% | — | — | — | |
| P/S Ratio | 1.98 | 1.84 | 1.72 | 1.38 | 1.44 | 1.73 | 1.55 | 1.40 | 1.40 | 1.37 | 1.27 | 1.33 | 1.47 |
| — | +6.4% | +11.0% | -1.4% | +2.9% | +26.4% | +22.0% | +5.7% | -5.1% | +14.4% | -12.8% | +0.1% | -10.3% | |
| P/B Ratio | 3.20 | 3.15 | 2.81 | 2.81 | 2.88 | 2.91 | 2.60 | 2.44 | 2.30 | 2.31 | 2.00 | 2.12 | 2.25 |
| — | +8.4% | +8.1% | +15.4% | +25.3% | +25.9% | +30.2% | +14.8% | +2.1% | +18.6% | +10.6% | +34.7% | +25.4% | |
| P/FCF | 15.96 | 3.59 | 3.44 | 2.86 | 6.44 | 4.93 | 3.17 | 2.84 | 5.88 | 3.87 | 3.29 | 3.38 | 6.19 |
| — | -27.2% | +8.4% | +0.8% | +9.6% | +27.3% | -3.5% | -16.1% | -5.1% | +11.8% | +9.0% | -16.0% | +14.1% | |
| EV / EBITDA | 10.37 | 19.67 | 6.67 | 8.88 | 10.54 | 10.07 | 9.07 | 8.47 | 9.12 | 7.87 | 6.08 | 9.24 | 9.92 |
| — | +95.3% | -26.4% | +4.8% | +15.5% | +28.0% | +49.0% | -8.3% | -8.0% | -4.4% | -32.8% | -2.2% | +12.3% | |
| EV / EBIT | 22.63 | 7.42 | 6.48 | 17.60 | 16.23 | 10.39 | 11.30 | 16.96 | 18.23 | 12.43 | 11.44 | 31.08 | 15.65 |
| — | -28.6% | -42.6% | +3.8% | -11.0% | -16.4% | -1.2% | -45.4% | +16.5% | -30.0% | -63.6% | -65.9% | +3.7% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
CBL & Associates Properties, Inc.'s operating margin was 6.9% in Q4 2025, down 44.5 pp QoQ and down 23.3 pp YoY. The trailing four-quarter average of 24.7% exceeds the current quarter, suggesting the latest result may reflect seasonal weakness or a one-off headwind. Gross margin contracted 314.5% YoY, suggesting cost inflation or competitive pricing pressure.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 7.6% | -143.4% | 64.1% | 65.2% | 61.2% | 66.8% | 63.6% | 66.9% | 66.7% | 67.6% | 65.3% | 64.5% | 62.7% |
| — | -314.5% | +0.8% | -2.5% | -8.3% | -1.1% | -2.5% | +3.7% | +6.4% | -20.1% | -2.5% | -3.1% | -4.4% | |
| Operating Margin | 24.2% | 6.9% | 51.4% | 26.3% | 14.4% | 30.2% | 25.5% | 25.5% | 21.4% | 27.0% | — | 13.9% | 9.3% |
| — | -77.2% | +101.8% | +2.9% | -32.6% | +11.9% | — | +84.3% | +129.1% | +78.2% | — | +154.4% | -2.8% | |
| Net Margin | 23.5% | 31.3% | 53.3% | 2.0% | 6.2% | 28.8% | 12.9% | 3.7% | 0.0% | 8.5% | 10.3% | -16.0% | 1.7% |
| — | +8.6% | +311.8% | -46.5% | +15919.6% | +241.1% | +26.3% | +122.9% | -97.7% | +332.9% | +197.7% | +47.0% | +105.7% |
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 40.1% | 13.9% | 24.0% | 1.0% | 2.9% | 12.4% | 5.4% | 1.5% | 0.0% | 3.6% | 4.1% | -6.1% | 0.6% |
| — | +11.8% | +342.9% | -36.4% | +18907.7% | +247.1% | +33.8% | +125.4% | -97.5% | +394.3% | +227.8% | +28.3% | +107.0% | |
| ROA | 5.0% | 1.8% | 2.8% | 0.1% | 0.3% | 1.5% | 0.7% | 0.2% | 0.0% | 0.5% | 0.5% | -0.8% | 0.1% |
| — | +18.0% | +292.8% | -48.1% | +15481.0% | +211.7% | +31.3% | +124.4% | -97.6% | +351.3% | +203.9% | +43.4% | +106.2% | |
| ROIC | 4.3% | 0.3% | 2.2% | 1.2% | 0.6% | 1.3% | 1.2% | 1.2% | 0.9% | 1.2% | — | 0.6% | 0.4% |
| — | -74.9% | +92.6% | -0.3% | -33.7% | +6.7% | — | +106.2% | +138.5% | +80.2% | — | +153.1% | +0.1% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
CBL & Associates Properties, Inc.'s Debt/EBITDA ratio is 53.9x, up from 18.9x last quarter — elevated, raising questions about debt serviceability. Debt/Equity has declined for 3 consecutive quarters, reflecting a deleveraging trend.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 5.95 | 5.95 | 6.40 | 7.71 | 7.58 | 7.07 | 5.95 | 6.20 | 5.91 | 5.96 | 6.04 | 6.26 | 5.73 |
| — | -15.8% | +7.5% | +24.4% | +28.3% | +18.7% | -1.4% | -1.0% | +3.2% | +3.6% | +24.1% | +33.5% | +35.1% | |
| Debt / EBITDA | 7.12 | 53.91 | 18.86 | 26.97 | 30.86 | 28.92 | 25.91 | 24.89 | 26.91 | 22.97 | 18.53 | 27.85 | 28.71 |
| — | +86.4% | -27.2% | +8.3% | +14.7% | +25.9% | +39.8% | -10.6% | -6.2% | -8.1% | -31.9% | -7.5% | +8.7% | |
| Current Ratio | — | — | 2.21 | 2.49 | 2.16 | 2.26 | 2.44 | 2.48 | 2.41 | 5.19 | 4.54 | 4.82 | 4.97 |
| — | — | -9.4% | +0.3% | -10.7% | -56.4% | -46.3% | -48.5% | -51.4% | +59.8% | +21.3% | +26.0% | +36.8% | |
| Quick Ratio | — | — | 2.21 | 2.49 | 2.16 | 2.26 | 2.44 | 2.48 | 2.41 | 5.19 | 4.54 | 4.82 | 4.97 |
| — | — | -9.4% | +0.3% | -10.7% | -56.4% | -46.3% | -48.5% | -51.4% | +59.8% | +21.3% | +26.0% | +36.8% | |
| Interest Coverage | 0.79 | 0.25 | 1.60 | 0.84 | 0.46 | 1.09 | 0.82 | 0.84 | 0.69 | 0.89 | — | 0.41 | 0.29 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 46 years · Updated daily
Price is only half the story. See total return with reinvested dividends.
Launch CalculatorSee our Bear / Base / Bull DCF models and intrinsic value estimates.
View ValuationCompare performance and metrics against top competitors.
Start ComparisonCBL & Associates Properties, Inc.'s current P/E is 8.7x. The average P/E over the last 4 quarters is 27.4x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
CBL & Associates Properties, Inc.'s current operating margin is 24.2%. Margins have been compressing over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking CBL & Associates Properties, Inc.'s business trajectory between earnings reports.