Latest Ratios: P/E Ratio -0.1x · EV/EBITDA N/A · ROE -116.3%. (2018–2025 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 |
|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $2M | $4M | $307M | $518M | — | — | — | — | — |
| Enterprise Value | $97M | $99M | $387M | $724M | — | — | — | — | — |
| P/E Ratio → | -0.08 | — | — | — | — | — | — | — | — |
| P/S Ratio | 0.09 | 0.17 | 6.01 | 5.70 | — | — | — | — | — |
| P/B Ratio | 0.07 | 0.13 | 27.31 | 7.85 | — | — | — | — | — |
| P/FCF | — | — | 553.81 | — | — | — | — | — | — |
| P/OCF | — | — | 553.81 | — | — | — | — | — | — |
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 |
|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 4.94 | 7.57 | 7.96 | — | — | — | — | — |
| EV / EBITDA | — | — | — | — | — | — | — | — | — |
| EV / EBIT | — | — | — | — | — | — | — | — | — |
| EV / FCF | — | — | 696.96 | — | — | — | — | — | — |
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 |
|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | -16.6% | -16.6% | 48.2% | 11.3% | 27.7% | 0.1% | -18.1% | 27.6% | 19.2% |
| Operating Margin | -66.5% | -66.5% | -26.0% | -31.4% | -10.1% | -39.5% | -69.5% | 9.1% | -0.2% |
| Net Profit Margin | -108.5% | -108.5% | -38.7% | -14.0% | 2.4% | -1.2% | -14.4% | 11.5% | -25.6% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| ROE | -116.3% | -116.3% | -51.2% | -17.7% | 3.2% | -1.4% | -17.4% | 4.2% | -4.4% |
| ROA | -18.1% | -18.1% | -9.8% | -4.4% | 0.8% | -0.3% | -2.7% | 4.2% | -9.8% |
| ROIC | -9.2% | -9.2% | -5.4% | -8.1% | -2.7% | -8.0% | -11.4% | 1.7% | — |
| ROCE | -14.5% | -14.5% | -7.2% | -10.6% | -3.4% | -9.9% | -53.3% | — | — |
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 |
|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 3.74 | 3.74 | 7.27 | 3.18 | 2.30 | 3.35 | 3.12 | 9.36 | 0.06 |
| Debt / EBITDA | — | — | — | — | 200.04 | — | — | 9.75 | 2.43 |
| Net Debt / Equity | — | 3.65 | 7.06 | 3.12 | 2.20 | 3.18 | 2.98 | 8.17 | 0.02 |
| Net Debt / EBITDA | — | — | — | — | 191.41 | — | — | 8.51 | 0.87 |
| Debt / FCF | — | — | 143.15 | — | — | — | — | 184.23 | — |
| Interest Coverage | -2.43 | -2.43 | -2.45 | -4.85 | 14.22 | -28.73 | — | 0.47 | -0.10 |
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 |
|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.06 | 0.06 | 1.81 | 3.00 | 3.60 | 3.35 | 2.61 | — | 0.62 |
| Quick Ratio | 0.06 | 0.06 | 1.81 | 3.00 | 3.60 | 3.35 | 2.61 | — | 0.62 |
| Cash Ratio | 0.06 | 0.06 | 0.20 | 0.17 | 0.47 | 0.49 | 0.58 | 0.06 | 0.04 |
| Asset Turnover | — | 0.15 | 0.48 | 0.30 | 0.30 | 0.23 | 0.17 | 0.32 | 0.38 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — |
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | 6.8% | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | — | — | — | — |
| FCF Yield | — | — | 0.2% | — | — | — | — | — | — |
| Buyback Yield | 0.0% | — | — | — | — | — | — | — | — |
| Total Shareholder Yield | 0.0% | — | — | — | — | — | — | — | — |
| Shares Outstanding | — | $3M | $22M | $20M | $21M | $21M | $21M | $21M | $21M |
Imminent liquidity and solvency
As reported in recent financial filings, CWD trades at a P/S multiple of 0.09, which, based on the company's reported figures, suggests the market is pricing the firm as a distressed turnaround play rather than a viable, long-term asset management platform with sustainable fee-earning potential.
The extremely low P/B ratio of 0.07 indicates that the market assigns almost no value to the company's book equity, likely due to concerns regarding asset quality and the potential for future impairments. Investors should monitor whether this valuation gap represents a deep value opportunity or a rational reflection of the firm's inability to generate positive earnings in the current interest rate environment.
Based on the company's reported figures, ROIC has consistently remained in negative territory, reaching -1.4% in 2026Q1, which suggests that the firm is currently destroying shareholder value rather than compounding it through its vertically integrated asset management and development services model.
The persistent negative ROE and ROIC trends indicate that the firm's capital allocation strategy has failed to generate returns exceeding its cost of capital. This decay appears structural, as the firm's high fixed-cost base continues to outpace the revenue generated from its niche Qualified Opportunity Zone investment products.
According to recent financial statements, CWD's asset turnover ratio has languished at 0.03 as of 2026Q1, which, compared to historical levels, suggests a severe breakdown in the firm's ability to utilize its asset base to generate meaningful revenue in the current market cycle.
The extremely low turnover ratio implies that the firm's assets are largely unproductive or tied up in long-term, illiquid projects that are not currently contributing to fee-based income. This inefficiency warrants further investigation into whether the firm's in-house service model is a drag on performance rather than a competitive advantage.
As reported in financial statements, the firm's debt-to-equity ratio of 3.34 in 2026Q1 highlights a precarious reliance on leverage, which, when viewed alongside negative interest coverage, suggests that the company may struggle to service its existing obligations without further dilutive financing or asset divestitures.
The inability to maintain positive interest coverage ratios indicates that the firm's debt service is becoming increasingly unsustainable. Investors should monitor the firm's ability to refinance its debt, as the current balance sheet structure appears highly vulnerable to any further deterioration in regional real estate market conditions.
The P/E ratio is the most commonly misapplied metric for CWD, as the firm's negative earnings and significant non-cash adjustments render traditional valuation multiples meaningless, potentially obscuring the underlying cash burn and the urgent need for a fundamental restructuring of the firm's revenue recognition model.
Instead of P/E, analysts should focus on the cash-to-burn ratio and fee-earning AUM growth to assess the firm's survival prospects. Relying on earnings-based multiples in this context may lead to a dangerous underestimation of the liquidity risks inherent in the company's current business model.
Includes 30+ ratios · 8 years · Updated daily
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Quick answers to the most common questions about buying CWD stock.
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CaliberCos Inc.'s return on equity (ROE) is -116.3%. The historical average is -25.1%.
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CaliberCos Inc. has -16.6% gross margin and -66.5% operating margin.