Latest Ratios: P/E Ratio 18.8x · EV/EBITDA 14.8x · ROE 3.2%. (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 | $75M | $71M | $73M | $56M | $50M | $50M | $47M | $55M | $44M | $46M | $30M |
| Enterprise Value | $75M | $71M | $73M | $56M | $50M | $50M | $47M | $55M | $44M | $48M | $33M |
| P/E Ratio → | 18.82 | 17.91 | 15.79 | 7.98 | 12.78 | 13.90 | 11.23 | 13.33 | 5.42 | 30.78 | 14.60 |
| P/S Ratio | — | — | 11.66 | 5.54 | 7.58 | 10.06 | 8.80 | 8.38 | 9.11 | 10.90 | 6.77 |
| P/B Ratio | 0.60 | 0.57 | 0.60 | 0.47 | 0.45 | 0.46 | 0.45 | 0.55 | 0.46 | 0.53 | 0.35 |
| P/FCF | — | — | 103.00 | 57.33 | 12514.42 | — | 10.96 | 13.33 | 1.84 | 16.59 | 8.81 |
| P/OCF | — | — | 103.00 | 57.33 | 12514.42 | — | 10.96 | 13.33 | 27.32 | 16.59 | 8.81 |
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 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | — | 11.66 | 5.53 | 7.58 | 10.06 | 8.79 | 8.38 | 9.11 | 11.26 | 7.27 |
| EV / EBITDA | 14.84 | 14.13 | 12.47 | 6.47 | 10.06 | 14.76 | 12.49 | 11.05 | 14.48 | 16.51 | 10.21 |
| EV / EBIT | — | 14.13 | 12.47 | 6.47 | 10.06 | 14.76 | 12.49 | 11.05 | 14.48 | 16.51 | 10.21 |
| EV / FCF | — | — | 102.99 | 57.26 | 12512.92 | — | 10.96 | 13.33 | 1.84 | 17.13 | 9.46 |
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 | — | — | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| Operating Margin | — | — | -6.5% | -14.5% | -24.6% | -31.9% | -29.6% | -24.2% | -37.1% | -31.8% | -28.7% |
| Net Profit Margin | — | — | 73.8% | 69.5% | 59.5% | 72.6% | 78.4% | 63.1% | 168.2% | 35.6% | 46.3% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 3.2% | 3.2% | 3.9% | 6.1% | 3.6% | 3.4% | 4.1% | 4.2% | 8.9% | 1.7% | 2.4% |
| ROA | 3.2% | 3.2% | 3.9% | 6.1% | 3.6% | 3.4% | 4.1% | 4.2% | 8.9% | 1.7% | 2.4% |
| ROIC | -0.2% | -0.2% | -0.3% | -1.0% | -1.1% | -1.1% | -1.2% | -1.2% | -1.5% | -1.1% | -1.1% |
| ROCE | -0.3% | -0.3% | -0.3% | -1.3% | -1.5% | -1.5% | -1.6% | -1.6% | -2.0% | -1.5% | -1.5% |
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 | — | — | — | — | — | — | — | — | — | 0.02 | 0.03 |
| Debt / EBITDA | — | — | — | — | — | — | — | — | — | 0.53 | 0.70 |
| Net Debt / Equity | — | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | 0.02 | 0.03 |
| Net Debt / EBITDA | -0.00 | -0.00 | -0.00 | -0.01 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | 0.52 | 0.70 |
| Debt / FCF | — | — | -0.01 | -0.07 | -1.50 | — | -0.00 | -0.00 | -0.00 | 0.54 | 0.65 |
| Interest Coverage | — | — | — | — | — | — | — | — | — | — | — |
Net cash position: cash ($6000) 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 | — | — | — | — | 25204.00 | 8074.42 | 7611.83 | 7161.14 | 3697.04 | 6366.30 | 1642.13 |
| Quick Ratio | — | — | — | — | 25204.00 | 8074.42 | 7611.83 | 7161.14 | 3697.04 | 6366.30 | 1642.13 |
| Cash Ratio | — | — | — | — | 1.50 | 0.17 | 1.00 | 0.36 | 0.15 | 0.20 | 0.04 |
| Asset Turnover | — | — | 0.05 | 0.09 | 0.06 | 0.05 | 0.05 | 0.07 | 0.05 | 0.05 | 0.05 |
| 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 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — | — |
| 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 | 5.3% | 5.6% | 6.3% | 12.5% | 7.8% | 7.2% | 8.9% | 7.5% | 18.5% | 3.2% | 6.8% |
| FCF Yield | — | — | 1.0% | 1.7% | 0.0% | — | 9.1% | 7.5% | 54.4% | 6.0% | 11.4% |
| Buyback Yield | 0.0% | — | — | — | — | — | — | — | — | — | — |
| Total Shareholder Yield | 0.0% | — | — | — | — | — | — | — | — | — | — |
| Shares Outstanding | — | $4M | $4M | $4M | $4M | $4M | $4M | $4M | $4M | $4M | $4M |
Total lack of liquidity
Based on reported financial figures, IOR's P/E ratio of 18.62 appears largely arbitrary, as the company currently generates zero revenue and lacks the fundamental operational metrics typically required to justify such a valuation multiple compared to its more active real estate peers.
The current P/E and EV/EBITDA multiples suggest the market may be pricing the entity as a speculative land-bank rather than a functional financial services firm. Investors should note that these ratios are likely distorted by non-recurring accounting gains, rendering them poor indicators of future shareholder value.
As reported in recent filings, IOR's ROIC has frequently hovered near -0.1%, a figure that underscores the company's inability to generate meaningful returns on its invested capital base in the absence of active, revenue-producing operations or efficient asset deployment.
The persistent gap between reported ROE and ROIC suggests that the company's profitability is driven by non-operating items rather than the productive use of capital. This trend warrants further investigation into whether the underlying land assets are actually compounding value or merely sitting stagnant on the balance sheet.
According to the latest quarterly data, IOR's asset turnover ratio remains stuck at 0.01, reflecting a total lack of operational velocity that is significantly lower than even the most passive real estate holding companies within the broader financial services sector.
The absence of a meaningful cash conversion cycle or inventory turnover metrics confirms that the company is not engaged in active business operations. This structural stagnation implies that the entity is effectively a dormant shell, providing no evidence of management's ability to optimize working capital.
Based on the most recent balance sheet, IOR's cash reserves have dwindled to a nominal $6,000, a figure that indicates a highly vulnerable liquidity position and suggests the company lacks the independent resources to meet basic administrative obligations without external affiliate support.
The extreme volatility in the current ratio, which has fluctuated wildly across recent quarters, appears to be a byproduct of inter-company accounting rather than genuine liquidity management. This lack of a cash buffer leaves the company entirely exposed to any disruption in the support provided by its external manager.
The most commonly misapplied metric for IOR is the Price-to-Earnings (P/E) ratio, which obscures the company's status as a dormant land-holding shell by suggesting a level of recurring operational profitability that simply does not exist in the current financial statements.
Investors should instead focus on the Net Asset Value (NAV) of the underlying land holdings, adjusted for the high probability of related-party encumbrances. Using P/E to evaluate this entity is fundamentally flawed, as it treats non-recurring accounting adjustments as sustainable earnings, leading to a potentially dangerous misinterpretation of the company's true economic value.
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying IOR stock.
Income Opportunity Realty Investors, Inc.'s current P/E ratio is 18.8x. The historical average is 19.1x. This places it at the 80th percentile of its historical range.
Income Opportunity Realty Investors, Inc.'s current EV/EBITDA is 14.8x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 14.8x.
Income Opportunity Realty Investors, Inc.'s return on equity (ROE) is 3.2%. The historical average is 6.2%.
Based on historical data, Income Opportunity Realty Investors, Inc. is trading at a P/E of 18.8x. This is at the 80th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.