Latest Ratios: P/E Ratio -1.0x · EV/EBITDA N/A · ROE -23.3%. (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 | $152M | $1.5B | $1.3B | $1.3B | $1.6B | $2.2B | $1.8B | $2.3B | $1.8B | $2.4B | $2.4B |
| Enterprise Value | $-659934991 | $721M | $2.0B | $2.0B | $2.1B | $2.4B | $2.8B | $3.4B | $3.1B | $3.5B | $3.5B |
| P/E Ratio → | -0.98 | — | — | — | — | — | — | 53.05 | 71.88 | 124.48 | 19.81 |
| P/S Ratio | — | — | 5.55 | 5.62 | 7.43 | 12.92 | 10.12 | 13.26 | 5.40 | 7.35 | 7.55 |
| P/B Ratio | 0.63 | 6.42 | 1.24 | 1.11 | 1.23 | 1.66 | 1.35 | 1.66 | 1.70 | 2.18 | 2.25 |
| P/FCF | 2.44 | 24.63 | 14.13 | 15.20 | 21.77 | 24.53 | 15.80 | 17.97 | 12.42 | 18.86 | 20.78 |
| P/OCF | 2.44 | 24.63 | 14.10 | 15.13 | 21.25 | 24.51 | 15.76 | 17.90 | 12.34 | 18.30 | 20.22 |
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 | — | — | 8.41 | 8.57 | 10.03 | 14.48 | 15.69 | 19.41 | 9.07 | 10.88 | 11.06 |
| EV / EBITDA | — | — | 17.05 | 29.66 | 23.33 | 13.67 | 23.47 | 18.00 | 9.62 | 11.16 | 8.34 |
| EV / EBIT | — | — | 82.30 | — | — | — | — | 69.34 | 59.15 | 81.97 | 20.17 |
| EV / FCF | — | 11.58 | 21.42 | 23.19 | 29.38 | 27.48 | 24.49 | 26.31 | 20.87 | 27.90 | 30.45 |
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 | — | — | 59.7% | 61.4% | 61.1% | 60.4% | 60.7% | 60.7% | 65.5% | 64.4% | 63.3% |
| Operating Margin | — | — | 9.7% | -10.1% | -0.8% | -0.3% | -1.4% | 28.0% | 23.1% | 20.5% | 54.7% |
| Net Profit Margin | — | — | -5.4% | -23.2% | -14.7% | -12.9% | -8.9% | 217.0% | 7.6% | 6.1% | 38.1% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -23.3% | -23.3% | -1.2% | -4.4% | -2.4% | -1.7% | -1.1% | 30.9% | 2.4% | 1.8% | 12.6% |
| ROA | -7.8% | -7.8% | -0.7% | -2.8% | -1.6% | -1.0% | -0.6% | 15.2% | 1.1% | 0.9% | 5.4% |
| ROIC | -15.3% | -15.3% | 1.0% | -1.0% | -0.1% | -0.0% | -0.1% | 1.5% | 2.6% | 2.3% | 6.1% |
| ROCE | -10.1% | -10.1% | 1.4% | -1.3% | -0.1% | -0.0% | -0.1% | 2.2% | 3.7% | 3.2% | 8.4% |
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 | 2.18 | 2.18 | 0.65 | 0.59 | 0.44 | 0.38 | 0.75 | 0.78 | 1.16 | 1.05 | 1.06 |
| Debt / EBITDA | — | — | 5.85 | 10.31 | 6.14 | 2.77 | 8.40 | 5.77 | 3.92 | 3.65 | 2.67 |
| Net Debt / Equity | — | -3.40 | 0.64 | 0.58 | 0.43 | 0.20 | 0.74 | 0.77 | 1.16 | 1.05 | 1.05 |
| Net Debt / EBITDA | — | — | 5.80 | 10.22 | 6.04 | 1.47 | 8.33 | 5.70 | 3.90 | 3.62 | 2.65 |
| Debt / FCF | — | -13.04 | 7.29 | 7.99 | 7.61 | 2.96 | 8.69 | 8.33 | 8.45 | 9.04 | 9.67 |
| Interest Coverage | -3.82 | -3.82 | 0.65 | -0.74 | -0.24 | -0.31 | -0.08 | 0.92 | 1.02 | 0.92 | 3.23 |
Net cash position: cash ($1.3B) exceeds total debt ($520M)
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 | 1.02 | 1.02 | 0.09 | 0.12 | 0.25 | 4.35 | 6.71 | 1.47 | 0.75 | 1.08 | 0.92 |
| Quick Ratio | 1.02 | 1.02 | 0.09 | 0.12 | 0.25 | 4.35 | 6.71 | 1.47 | 0.75 | 0.77 | 0.89 |
| Cash Ratio | 1.02 | 1.02 | 0.03 | 0.03 | 0.08 | 4.08 | 0.06 | 0.08 | 0.02 | 0.04 | 0.06 |
| Asset Turnover | — | — | 0.13 | 0.12 | 0.11 | 0.09 | 0.07 | 0.07 | 0.14 | 0.14 | 0.14 |
| Inventory Turnover | — | — | — | — | — | — | — | — | 71.57 | 1.41 | 18.21 |
| 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 | 42.3% | 4.2% | 4.7% | 5.0% | 3.8% | 4.2% | 5.6% | 4.1% | 5.2% | 3.8% | 3.6% |
| Payout Ratio | — | — | — | — | — | — | — | 25.1% | 370.9% | 466.1% | 71.8% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | — | — | 1.9% | 1.4% | 0.8% | 5.0% |
| FCF Yield | 41.0% | 4.1% | 7.1% | 6.6% | 4.6% | 4.1% | 6.3% | 5.6% | 8.1% | 5.3% | 4.8% |
| Buyback Yield | 0.2% | 0.0% | 0.1% | 0.2% | 0.2% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 42.5% | 4.2% | 4.8% | 5.2% | 4.0% | 4.2% | 5.6% | 4.1% | 5.2% | 3.8% | 3.6% |
| Shares Outstanding | — | $88M | $88M | $88M | $87M | $85M | $82M | $80M | $79M | $77M | $72M |
Includes 30+ ratios · 30 years · Updated daily
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10-year return with dividends reinvested.
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Quick answers to the most common questions about buying ELME stock.
Elme Communities's current P/E ratio is -1.0x. The historical average is 35.0x.
Elme Communities's return on equity (ROE) is -23.3%. The historical average is 8.5%.
Based on historical data, Elme Communities is trading at a P/E of -1.0x. Compare with industry peers and growth rates for a complete picture.
Elme Communities's current dividend yield is 42.29%.
Key Metrics
Top Statement Risk
Capital deployment execution risk
Metrics are mathematically derived from official filings.
Valuation Discount Reflects Transition Uncertainty
As reported in recent financial statements, ELME's P/FFO multiple of 2.71x in 2025Q4 suggests the market is heavily discounting the company's shares, likely due to the significant cash drag and the ongoing uncertainty surrounding the successful redeployment of proceeds from the recent commercial portfolio divestiture.
The current valuation appears to treat the company as a liquidation vehicle rather than a stabilized multifamily REIT. Investors should monitor whether the implied cap rate compresses as management successfully transitions the $1.3 billion cash hoard into income-producing residential assets.
NOI Margin Volatility Masks Potential
Based on the company's reported figures, NOI margins have exhibited extreme volatility, ranging from 19.2% to 60.6% over the last ten quarters, which indicates that the core property-level profitability is currently obscured by the operational friction of exiting legacy office assets.
The wide swings in margin performance suggest that the company's transition to a pure-play multifamily model is still in its early stages. Analysts should look for margin stabilization as the portfolio composition shifts toward the intended value-add residential focus.
Payout Ratio Stability Amidst Transformation
According to recent SEC filings, the FFO payout ratio has remained relatively consistent, hovering near 75-85% in recent periods, which suggests that the current dividend distribution is supported by the core multifamily operations despite the significant accounting noise from the company's portfolio restructuring.
While the payout ratio appears sustainable, the volatility in FFO per share warrants caution regarding the long-term reliability of these distributions. Investors should monitor whether future FFO growth can keep pace with the dividend as the company scales its new residential footprint.
Fortress Balance Sheet Awaiting Deployment
As noted in the company's financial disclosures, the debt-to-equity ratio of 2.18x in 2025Q4 reflects a conservative capital structure, though this figure is heavily influenced by the contraction of the equity base following the divestiture of legacy commercial assets.
The company maintains a fortress-like liquidity position with $1.3 billion in cash, providing significant flexibility for future acquisitions. However, this excess liquidity currently acts as a drag on returns, and the market may be waiting for evidence of disciplined capital allocation before re-rating the stock.
Misapplication of Standard P/E Multiples
The most commonly misapplied metric for ELME is the standard P/E ratio, which, as shown in recent financial statements, currently sits at a misleading -0.85x due to the heavy impact of non-recurring divestiture gains and losses on GAAP net income.
Using P/E for a REIT in the midst of a major portfolio transformation obscures the underlying cash-generating capacity of the residential assets. Analysts should instead focus on P/FFO or P/AFFO to normalize for the non-cash depreciation and one-time accounting adjustments inherent in the REIT structure.