Latest Ratios: P/E Ratio 7.5x · EV/EBITDA 52.9x · ROE 15.0%. (1996–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $23M | $19M | $26M | $26M | $19M | $22M | $18M | $18M | $20M | $20M | $21M |
| Enterprise Value | $5M | $707333 | $22M | $19M | $12M | $14M | $12M | $15M | $18M | $18M | $20M |
| P/E Ratio → | 7.48 | 6.22 | 105.00 | 185.14 | — | 26.67 | 55.97 | 71.68 | 18.09 | 37.70 | 122.78 |
| P/S Ratio | 26.93 | 22.32 | 17.02 | 17.54 | 17.63 | 29.22 | 27.51 | 22.31 | 16.76 | 17.28 | 24.86 |
| P/B Ratio | 1.05 | 0.87 | 1.39 | 1.42 | 1.12 | 1.31 | 1.17 | 1.17 | 2.06 | 1.98 | 2.25 |
| P/FCF | 49.14 | 40.72 | 126.43 | 30.44 | 50.70 | — | 141.26 | 107.81 | 107.60 | 79.43 | — |
| P/OCF | 49.14 | 40.72 | 126.43 | 29.72 | 47.11 | — | 131.86 | 92.96 | 82.91 | 48.92 | 76.44 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.84 | 14.77 | 12.46 | 11.16 | 19.27 | 17.89 | 18.27 | 15.24 | 15.91 | 23.64 |
| EV / EBITDA | 52.87 | 8.17 | 185.15 | 146.06 | — | 13.46 | 31.44 | 76.40 | 8.77 | 15.44 | 23.64 |
| EV / EBIT | 54.92 | 8.49 | 716.50 | — | — | 381.80 | 491.07 | 133.84 | 37.40 | 35.95 | 108.92 |
| EV / FCF | — | 1.54 | 109.72 | 21.63 | 32.11 | — | 91.86 | 88.27 | 97.80 | 73.13 | — |
Margins and return-on-capital ratios measuring operating efficiency
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 | 91.9% | 91.9% | 95.4% | 95.7% | 91.7% | 92.6% | 93.7% | 89.9% | 88.7% | 87.5% | 92.8% |
| Operating Margin | 9.9% | 9.9% | 7.7% | 8.2% | -166.7% | 142.8% | 56.4% | 23.6% | 114.5% | 47.3% | 21.7% |
| Net Profit Margin | 359.0% | 359.0% | 16.4% | 9.6% | -119.2% | 110.0% | 50.5% | 30.8% | 93.3% | 45.7% | 19.8% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 15.0% | 15.0% | 1.4% | 0.8% | -7.7% | 5.1% | 2.2% | 2.0% | 11.3% | 5.4% | 1.5% |
| ROA | 14.6% | 14.6% | 1.3% | 0.8% | -7.6% | 4.9% | 2.1% | 1.6% | 7.4% | 3.6% | 1.2% |
| ROIC | 0.7% | 0.7% | 0.7% | 0.9% | -14.2% | 8.6% | 2.6% | 1.4% | 12.6% | 4.8% | 1.4% |
| ROCE | 0.4% | 0.4% | 0.6% | 0.7% | -10.8% | 6.5% | 2.4% | 1.2% | 9.2% | 3.8% | 1.3% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | — | — | — | — | — | — | — | — | 0.00 | 0.01 | 0.00 |
| Debt / EBITDA | — | — | — | — | — | — | — | — | 0.02 | 0.04 | 0.03 |
| Net Debt / Equity | — | -0.84 | -0.18 | -0.41 | -0.41 | -0.45 | -0.41 | -0.21 | -0.19 | -0.16 | -0.11 |
| Net Debt / EBITDA | -208.14 | -208.14 | -28.20 | -59.53 | — | -6.95 | -16.90 | -16.91 | -0.88 | -1.33 | -1.23 |
| Debt / FCF | — | -39.18 | -16.71 | -8.81 | -18.60 | — | -49.40 | -19.54 | -9.80 | -6.30 | — |
| Interest Coverage | — | — | — | — | — | — | — | — | — | — | — |
Net cash position: cash ($18M) exceeds total debt ($0)
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 24.73 | 24.73 | 36.26 | 18.95 | 31.10 | 30.62 | 20.67 | 29.11 | 25.97 | 20.31 | 34.25 |
| Quick Ratio | 24.73 | 24.73 | 36.26 | 18.95 | 31.10 | 30.62 | 20.67 | 29.11 | 27.10 | 32.00 | 59.52 |
| Cash Ratio | 24.66 | 24.66 | 35.32 | 18.31 | 30.51 | 30.29 | 20.36 | 28.49 | 25.25 | 19.42 | 33.60 |
| Asset Turnover | — | 0.04 | 0.08 | 0.08 | 0.06 | 0.04 | 0.04 | 0.05 | 0.08 | 0.08 | 0.06 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | 18.15 | 18.75 | 25.73 | 41.74 | 24.87 | 53.51 | 46.24 | 36.19 | 36.06 | 26.38 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
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 | — | — | — | — | — | — | — | — | 1.2% | 1.0% | — |
| Payout Ratio | — | — | — | — | — | — | — | — | 20.9% | 37.2% | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 13.4% | 16.1% | 1.0% | 0.5% | — | 3.8% | 1.8% | 1.4% | 5.5% | 2.7% | 0.8% |
| FCF Yield | 2.0% | 2.5% | 0.8% | 3.3% | 2.0% | — | 0.7% | 0.9% | 0.9% | 1.3% | — |
| Buyback Yield | 0.7% | 0.8% | 0.8% | 0.3% | 0.9% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 0.7% | 0.8% | 0.8% | 0.3% | 0.9% | 0.0% | 0.0% | 0.0% | 1.2% | 1.0% | 0.0% |
| Shares Outstanding | — | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M |
Transactional Revenue Volatility
According to recent market data, CKX trades at a P/S ratio of 26.93, which appears significantly elevated compared to traditional E&P peers, suggesting that investors are pricing the company based on its underlying land bank and cash reserves rather than its volatile, contracting operational revenue streams.
The P/E ratio of 7.48 may appear attractive in isolation, but it likely reflects non-recurring gains that distort the true earnings power of the business. Investors should monitor whether the market's focus on net asset value will continue to support the current valuation as operational revenue remains under pressure.
Based on reported financial figures, CKX's ROIC has trended into negative territory, reaching -0.9% in 2026Q1, which indicates that the company is struggling to generate efficient returns on its invested capital as its core timber and mineral assets face ongoing depletion and reduced harvesting activity.
The decline in ROIC from 4.5% in 2024Q2 suggests that the company's capital allocation strategy is failing to offset the natural decay of its asset base. This trend warrants further investigation into whether management can pivot toward higher-yielding land uses or if returns will continue to compress.
As reported in quarterly filings, the company's asset turnover ratio remains consistently low at approximately 0.01, highlighting a structural inability to generate meaningful revenue from its 10,369 acres of timberland and mineral holdings, which appears to be a persistent drag on overall operational efficiency.
The lack of a clear cash conversion cycle, combined with erratic DSO figures, suggests that the company's revenue collection is highly dependent on the timing of sporadic lease bonuses. This inefficiency implies that the business model is better suited for passive holding than for active, high-turnover land management.
Based on the latest balance sheet, CKX maintains a current ratio of 25.65, which, as noted in recent financial statements, provides an exceptionally high liquidity buffer that effectively insulates the firm from short-term operational volatility or regional economic downturns in the Louisiana energy and timber markets.
This liquidity position is a double-edged sword; while it eliminates refinancing risk, it also suggests that capital is being underutilized. Investors should monitor whether this cash pile remains stagnant or if it will be deployed to unlock value from the company's metropolitan land holdings.
The P/E ratio is the most commonly misapplied metric for CKX, as it obscures the company's true nature as a land-holding trust by focusing on volatile, non-recurring accounting earnings rather than the underlying net asset value of its 13,711 acres of Louisiana land and cash reserves.
Analysts should instead utilize a sum-of-the-parts valuation or a price-to-book approach to better capture the value of the company's legacy land holdings. Relying on P/E multiples in this context may lead to incorrect conclusions regarding the company's long-term viability as an operating entity.
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying CKX stock.
CKX Lands, Inc.'s current P/E ratio is 7.5x. The historical average is 35.7x. This places it at the 12th percentile of its historical range.
CKX Lands, Inc.'s current EV/EBITDA is 52.9x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 15.2x.
CKX Lands, Inc.'s return on equity (ROE) is 15.0%. The historical average is 12.6%.
Based on historical data, CKX Lands, Inc. is trading at a P/E of 7.5x. This is at the 12th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
CKX Lands, Inc. has 91.9% gross margin and 9.9% operating margin.