Franklin BSP Realty Trust, Inc. (FBRT) Financial Ratios
14 years of historical data (2012–2025) · Real Estate · REIT - Mortgage
EV/EBITDA
↑
48.50
↑+25% vs avg
5yr avg: 38.87
30Y Low28.5·High50.7
P/FCF
↑
2.22
↓-66% vs avg
5yr avg: 6.61
30Y Low0.4·High17.9
P/B Ratio
↓
0.47
↓-28% vs avg
5yr avg: 0.66
30Y Low0.6·High0.8
ROE
↑
5.4%
↓+23% vs avg
5yr avg: 4.4%
30Y Low-52%·High9%
Debt/EBITDA
↑
43.56
↑+31% vs avg
5yr avg: 33.18
30Y Low10.1·High43.6
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
FBRT Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Franklin BSP Realty Trust, Inc. trades at 13.2x earnings, roughly in line with its 5-year average of 13.5x, sitting at the 33rd percentile of its historical range. Compared to the Real Estate sector median P/E of 24.1x, the stock trades at a discount of 45%. On a free-cash-flow basis, the stock trades at 2.2x P/FCF, 66% below the 5-year average of 6.6x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $649M | $865M | $1.0B | $1.1B | $924M | $1.3B | — | — | — | — | — |
| Enterprise Value | $4.7B | $4.9B | $5.2B | $5.0B | $5.2B | $8.7B | — | — | — | — | — |
| P/E Ratio → | 13.17 | 15.67 | 15.29 | 9.51 | — | — | — | — | — | — | — |
| P/S Ratio | — | — | 1.87 | 1.95 | 2.52 | 5.86 | — | — | — | — | — |
| P/B Ratio | 0.47 | 0.56 | 0.68 | 0.70 | 0.59 | 0.76 | — | — | — | — | — |
| P/FCF | 2.22 | 2.96 | 17.93 | 5.63 | 6.08 | 0.43 | — | — | — | — | — |
| P/OCF | 2.22 | 2.96 | 17.93 | 5.63 | 6.06 | 8.86 | — | — | — | — | — |
P/E links to full P/E history page with 30-year chart
FBRT EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Franklin BSP Realty Trust, Inc.'s enterprise value stands at 48.5x EBITDA, 25% above its 5-year average of 38.9x. The Real Estate sector median is 17.0x, placing the stock at a 186% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | — | 9.39 | 8.70 | 14.14 | 39.31 | — | — | — | — | — |
| EV / EBITDA | 48.50 | 50.71 | 42.59 | 30.38 | 28.49 | 42.18 | — | — | — | — | — |
| EV / EBIT | 53.79 | 58.19 | 11.93 | 32.03 | 51.34 | 71.94 | — | — | — | — | — |
| EV / FCF | — | 16.95 | 90.07 | 25.11 | 34.20 | 2.88 | — | — | — | — | — |
FBRT Profitability
Margins and return-on-capital ratios measuring operating efficiency
Operating margins have compressed from 27.2% to 21.0% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 5.4% is modest. ROIC of 1.2% represents below-average returns on invested capital.
Margins
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 | — | — | 38.3% | 46.3% | 54.9% | 72.6% | 61.9% | 53.0% | 54.0% | 63.9% | 70.8% |
| Operating Margin | — | — | 21.0% | 27.2% | 14.2% | 74.4% | 32.1% | 11.5% | 30.8% | 40.7% | 44.8% |
| Net Profit Margin | — | — | 12.5% | 25.5% | 3.9% | 11.6% | 29.7% | 42.3% | 34.7% | 37.7% | 37.8% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 5.4% | 5.4% | 4.4% | 9.2% | 0.9% | 2.0% | 6.8% | 5.5% | 2.8% | 2.6% | 3.4% |
| ROA | 1.4% | 1.4% | 1.2% | 2.4% | 0.2% | 0.4% | 1.6% | 2.7% | 2.5% | 2.4% | 2.4% |
| ROIC | 1.2% | 1.2% | 1.6% | 2.1% | 0.5% | 2.1% | 1.5% | 0.5% | 1.2% | 1.4% | 1.9% |
| ROCE | 1.5% | 1.5% | 2.0% | 2.7% | 1.0% | 4.0% | 1.9% | 0.8% | 2.3% | 2.7% | 3.7% |
FBRT Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Franklin BSP Realty Trust, Inc. carries a Debt/EBITDA ratio of 43.6x, which is highly leveraged (450% above the sector average of 7.9x). Net debt stands at $4.1B ($4.3B total debt minus $167M cash).
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 2.78 | 2.78 | 2.84 | 2.64 | 2.82 | 4.42 | 2.69 | 3.04 | 0.76 | 0.65 | 0.54 |
| Debt / EBITDA | 43.56 | 43.56 | 35.63 | 25.63 | 24.40 | 36.65 | 35.00 | 32.69 | 19.15 | 14.71 | 10.11 |
| Net Debt / Equity | — | 2.67 | 2.72 | 2.42 | 2.70 | 4.33 | 2.59 | 2.94 | 0.68 | 0.59 | 0.44 |
| Net Debt / EBITDA | 41.85 | 41.85 | 34.11 | 23.56 | 23.42 | 35.90 | 33.66 | 31.54 | 17.01 | 13.43 | 8.13 |
| Debt / FCF | — | 13.99 | 72.14 | 19.48 | 28.11 | 2.45 | 17.92 | 52.86 | 213.83 | 104.48 | 13.84 |
| Interest Coverage | — | — | 1.28 | 0.51 | 0.61 | 1.99 | 0.89 | 0.64 | 0.67 | 1.13 | 1.54 |
FBRT Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Franklin BSP Realty Trust, Inc.'s current ratio of 18.43x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The current ratio has declined from 20.08x to 18.43x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 18.43 | 18.43 | 17.09 | 20.08 | 11.01 | 2.20 | 13.53 | 7.32 | 42.19 | 28.57 | 15.30 |
| Quick Ratio | 18.43 | 18.43 | 17.09 | 20.08 | 11.01 | 2.20 | 13.53 | 7.32 | 42.20 | 28.57 | 15.30 |
| Cash Ratio | 0.61 | 0.61 | 0.58 | 1.25 | 0.79 | 1.11 | 0.37 | 0.21 | 3.13 | 1.51 | 1.51 |
| Asset Turnover | — | — | 0.09 | 0.10 | 0.06 | 0.02 | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
FBRT Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Franklin BSP Realty Trust, Inc. returns 22.2% to shareholders annually — split between a 20.0% dividend yield and 2.2% buyback yield. The payout ratio exceeds 100% at 176.9%, meaning the company is paying out more than it earns — this level is unsustainable long-term without earnings recovery. The earnings yield of 7.6% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
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 | 20.0% | 16.8% | 14.1% | 13.0% | 15.1% | 5.2% | — | — | — | — | — |
| Payout Ratio | 176.9% | 176.9% | 210.4% | 99.4% | 966.1% | 264.4% | 90.9% | 72.2% | 70.0% | 114.9% | 134.2% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 7.6% | 6.4% | 6.5% | 10.5% | — | — | — | — | — | — | — |
| FCF Yield | 45.0% | 33.8% | 5.6% | 17.8% | 16.4% | 233.3% | — | — | — | — | — |
| Buyback Yield | 2.2% | 1.7% | 0.5% | 1.1% | 1.8% | 0.9% | — | — | — | — | — |
| Total Shareholder Yield | 22.2% | 18.5% | 14.6% | 14.1% | 16.9% | 6.1% | — | — | — | — | — |
| Shares Outstanding | — | $86M | $82M | $82M | $72M | $87M | $89M | $89M | $89M | $89M | $89M |
Peer Comparison
Compare FBRT with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 FBRTYou | $649M | 13.2 | 48.5 | 2.2 | — | — | 5.4% | 1.2% | 43.6 |
 BXMT | $3B | 28.3 | 16.2 | 11.1 | 76.9% | 71.6% | 3.0% | 4.3% | 14.0 |
 RC | $289M | -1.2 | 47.7 | — | 87.7% | 24.2% | -12.8% | 1.2% | 47.4 |
 GPMT | $63M | -1.1 | 20.6 | 23.7 | 83.0% | 43.6% | -7.0% | 2.6% | 20.6 |
 TRTX | $665M | 15.1 | 15.1 | 7.4 | 79.3% | 73.0% | 5.5% | 4.7% | 12.9 |
 ARI | $1B | 13.4 | 19.4 | 34.0 | 80.1% | 65.4% | 6.8% | 4.0% | 16.7 |
 KREF | $454M | -6.7 | 18.5 | 6.8 | 88.3% | 59.3% | -3.6% | 3.4% | 17.1 |
 ACRE | $256M | -281.7 | 18.2 | 13.0 | 57.4% | 72.4% | -0.2% | 2.9% | 14.9 |
 LADR | $1B | 20.0 | 17.2 | 14.9 | 71.8% | 62.0% | 4.3% | 4.4% | 12.7 |
 BRSP | $722M | -21.3 | 18.7 | 9.9 | 49.6% | 39.5% | -3.2% | 3.0% | 14.8 |
 STWD | $6B | 13.7 | 18.3 | 8.7 | 80.5% | 76.2% | 5.6% | 4.8% | 14.6 |
| Real Estate Median | — | 24.1 | 17.0 | 15.4 | 49.3% | 24.8% | 3.7% | 2.7% | 7.9 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 14 years · Updated daily
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FBRT — Frequently Asked Questions
Quick answers to the most common questions about buying FBRT stock.
What is Franklin BSP Realty Trust, Inc.'s P/E ratio?
Franklin BSP Realty Trust, Inc.'s current P/E ratio is 13.2x. The historical average is 13.5x. This places it at the 33th percentile of its historical range.
What is Franklin BSP Realty Trust, Inc.'s EV/EBITDA?
Franklin BSP Realty Trust, Inc.'s current EV/EBITDA is 48.5x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 38.9x.
What is Franklin BSP Realty Trust, Inc.'s ROE?
Franklin BSP Realty Trust, Inc.'s return on equity (ROE) is 5.4%. The historical average is -0.0%.
Is FBRT stock overvalued?
Based on historical data, Franklin BSP Realty Trust, Inc. is trading at a P/E of 13.2x. This is at the 33th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Franklin BSP Realty Trust, Inc.'s dividend yield?
Franklin BSP Realty Trust, Inc.'s current dividend yield is 20.04% with a payout ratio of 176.9%.
How much debt does Franklin BSP Realty Trust, Inc. have?
Franklin BSP Realty Trust, Inc.'s Debt/EBITDA ratio is 43.6x, indicating high leverage. A ratio above 4x may signal elevated financial risk.