Latest Ratios: P/E Ratio -4.0x · EV/EBITDA 19.1x · ROE N/A. (2013–2025 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 | $52M | $62M | $74M | $87M | $103M | $160M | $124M | $189M | $233M | $170M | — |
| Enterprise Value | $1.3B | $1.3B | $1.3B | $1.3B | $1.2B | $1.3B | $1.1B | $1.1B | $1.1B | $1.0B | — |
| P/E Ratio → | -3.99 | — | — | — | — | — | — | — | — | — | — |
| P/S Ratio | 0.34 | 0.40 | 0.50 | 0.63 | 0.79 | 1.30 | 1.01 | 1.63 | 2.12 | 1.64 | — |
| P/B Ratio | — | — | — | 11.99 | 2.77 | 2.28 | 1.19 | 1.33 | 1.44 | 0.92 | — |
| P/FCF | 2.22 | 2.73 | 2.32 | 3.31 | 5.10 | — | 7.77 | — | — | — | — |
| P/OCF | 2.33 | 2.73 | 2.32 | 3.31 | 5.10 | 14.75 | 7.77 | 7.94 | 8.54 | 15.78 | — |
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 | — | 8.54 | 8.87 | 9.19 | 9.61 | 10.24 | 9.21 | 9.86 | 10.09 | 9.67 | — |
| EV / EBITDA | 19.12 | 36.96 | 18.78 | 20.49 | 22.90 | 25.28 | 20.47 | 22.35 | 23.45 | 23.22 | — |
| EV / EBIT | 311.11 | 39.50 | 32.58 | 43.35 | 45.10 | 59.08 | 36.16 | 34.21 | 46.65 | 34.09 | — |
| EV / FCF | — | 57.97 | 41.44 | 48.51 | 61.88 | — | 70.78 | — | — | — | — |
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 | 80.2% | 80.2% | 57.0% | 54.7% | 52.3% | 51.6% | 52.6% | 53.6% | 54.9% | 54.1% | 53.6% |
| Operating Margin | 2.7% | 2.7% | 27.2% | 24.0% | 21.3% | 19.7% | 26.2% | 28.8% | 29.5% | 28.4% | 27.7% |
| Net Profit Margin | -13.0% | -13.0% | -1.7% | -4.3% | -3.7% | -6.2% | -4.0% | -1.4% | -3.3% | -2.3% | -4.0% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | — | — | — | -26.6% | -8.9% | -8.7% | -4.0% | -1.1% | -2.1% | -1.5% | -2.7% |
| ROA | -1.6% | -1.6% | -0.2% | -0.5% | -0.4% | -0.6% | -0.4% | -0.1% | -0.3% | -0.2% | -0.4% |
| ROIC | 0.3% | 0.3% | 2.5% | 2.1% | 1.8% | 1.6% | 2.2% | 2.4% | 2.4% | 2.4% | 2.5% |
| ROCE | 0.3% | 0.3% | 3.2% | 2.7% | 2.3% | 2.0% | 2.7% | 3.0% | 3.0% | 3.0% | 2.9% |
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 | — | — | — | 166.64 | 31.24 | 16.17 | 10.37 | 7.05 | 5.66 | 4.55 | 5.98 |
| Debt / EBITDA | 36.09 | 36.09 | 18.01 | 19.45 | 21.35 | 22.76 | 19.53 | 19.49 | 19.31 | 19.48 | 18.36 |
| Net Debt / Equity | — | — | — | 163.57 | 30.76 | 15.68 | 9.68 | 6.75 | 5.43 | 4.50 | 5.68 |
| Net Debt / EBITDA | 35.22 | 35.22 | 17.73 | 19.10 | 21.01 | 22.07 | 18.22 | 18.67 | 18.53 | 19.29 | 17.45 |
| Debt / FCF | — | 55.23 | 39.12 | 45.20 | 56.78 | — | 63.01 | — | — | — | — |
| Interest Coverage | 0.62 | 0.62 | 0.86 | 0.65 | 0.69 | 0.52 | 0.78 | 0.95 | 0.73 | 0.83 | 0.68 |
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 | 7.48 | 7.48 | 2.82 | 2.60 | 2.89 | 3.99 | 9.14 | 5.80 | 5.01 | 4.42 | 7.16 |
| Quick Ratio | 7.48 | 7.48 | 2.82 | 2.60 | 2.89 | 3.99 | 9.14 | 5.80 | 4.30 | 2.91 | 5.93 |
| Cash Ratio | 5.84 | 5.84 | 1.06 | 1.06 | 1.06 | 1.77 | 6.15 | 3.26 | 2.95 | 0.91 | 4.18 |
| Asset Turnover | — | 0.12 | 0.12 | 0.11 | 0.11 | 0.10 | 0.10 | 0.10 | 0.10 | 0.10 | 0.10 |
| Inventory Turnover | — | — | — | — | — | — | — | — | 5.61 | 3.48 | 3.89 |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
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 | 35.2% | 29.9% | 8.3% | 20.1% | 16.6% | 3.8% | 13.9% | 3.6% | 2.9% | 9.7% | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | — | — | — | — | — | — |
| FCF Yield | 45.1% | 36.6% | 43.2% | 30.2% | 19.6% | — | 12.9% | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 8.0% | 0.0% | 0.0% | 0.0% | — |
| Total Shareholder Yield | 35.2% | 29.9% | 8.3% | 20.1% | 16.6% | 3.8% | 21.9% | 3.6% | 2.9% | 9.7% | — |
| Shares Outstanding | — | $16M | $16M | $16M | $16M | $16M | $18M | $18M | $18M | $17M | $18M |
Includes 30+ ratios · 13 years · Updated daily
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Quick answers to the most common questions about buying CLPR stock.
Clipper Realty Inc.'s current P/E ratio is -4.0x. This places it at the 50th percentile of its historical range.
Clipper Realty Inc.'s current EV/EBITDA is 19.1x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 23.8x.
Based on historical data, Clipper Realty Inc. is trading at a P/E of -4.0x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Clipper Realty Inc.'s current dividend yield is 35.17%.
Clipper Realty Inc. has 80.2% gross margin and 2.7% operating margin.
Clipper Realty Inc.'s Debt/EBITDA ratio is 36.1x, indicating high leverage. A ratio above 4x may signal elevated financial risk.
Key Metrics
Top Statement Risk
Thin dividend coverage and leverage
Metrics are mathematically derived from official filings.
Equity Priced Near Distressed Levels
Based on reported figures, CLPR trades at roughly 0.90 times sales and a 39.0x EV/EBITDA multiple, with a 13.4% dividend yield suggesting the market prices in meaningful distribution risk rather than a conventional REIT valuation.
P/FFO and P/AFFO are unavailable on the supplied data, so the standard REIT valuation anchor cannot be applied with confidence. The elevated EV/EBITDA and negative P/E reflect a capital structure where debt dominates enterprise value, which may indicate equity holders bear most of the leverage risk. Investors should monitor whether the high yield reflects durable cash generation or a market discount for distribution cuts.
Distributions Repeatedly Exceed Reported Cash Flow
According to recent SEC filings, CLPR's FFO payout ratio reached 139.5% in 2026Q2 and 135.7% in 2025Q2, with payout ratios above 100% in several recent quarters suggesting distributions are not fully covered by FFO.
Payout ratios above 100% in multiple quarters, alongside a Div/AFFO ratio of roughly 1.39 in 2026Q2, suggest distributions have been funded partly from sources other than recurring operating cash flow. Quarterly volatility in FFO per share, which fell from $0.44 in 2024Q4 to $0.09 in 2026Q1, makes the coverage trend hard to rely on. This pattern warrants further investigation into how the gap is being financed and whether the current payout level is sustainable.
Debt Dominates a Thin Equity Base
Based on EDBL's reported figures, CLPR carries roughly $1.3B of liabilities against an asset base of similar size, with shareholders' equity moving to a deficit of -$40.1M by 2026Q2 and a negative interest coverage ratio in several periods.
Debt-to-gross-assets appears close to 100%, leaving minimal equity cushion against asset value declines. Interest coverage below 1.0x in recent quarters suggests operating earnings have not consistently covered financing costs, which may indicate refinancing pressure as debt matures. The data does not disclose maturity schedules or fixed-rate exposure, so the refinancing risk profile remains uncertain.
NOI Margins Stable But Net Losses Persist
As reported in financial statements, CLPR's NOI margin held near 55-59% through 2024 and most of 2025, but a 10.5% margin in 2026Q1 and persistent net losses suggest property-level profitability does not translate to bottom-line earnings.
The stable NOI margin band suggests the core property operations are relatively consistent outside of isolated quarters. However, the gap between NOI margins and negative net income points to heavy depreciation and interest burdens absorbing most property income. Investors should monitor whether margin recovery in 2026Q2 is sustained or reflects timing effects.
FFO May Overstate Sustainable Earnings
The most commonly misapplied metric for CLPR is FFO, which, based on the supplied data, can appear positive even while GAAP net income is negative and equity is in deficit, potentially overstating distributable earnings.
FFO adds back depreciation, which is material for a residential portfolio with significant property carrying value, so positive FFO alongside persistent net losses may reflect non-cash add-backs rather than cash available for distributions. Maintenance capital expenditures, which appear lumpy in the reported data, are not clearly separated from growth capex in FFO or AFFO. An alternative approach would be to evaluate cash available for distribution after recurring capex and debt service.