JBG SMITH Properties (JBGS) Financial Ratios
12 years of historical data (2014–2025) · Real Estate · REIT - Office
EV/EBITDA
↓
18.52
-6% vs avg
5yr avg: 19.63
30Y Low9.0·High28.2
P/FCF
N/A
—
5yr avg: 84.52
30Y Low21.6·High84.5
P/B Ratio
↓
0.64
↓-15% vs avg
5yr avg: 0.75
30Y Low0.6·High1.3
ROE
↓
-7.1%
↑-133% vs avg
5yr avg: -3.1%
30Y Low-7%·High4%
Debt/EBITDA
↑
13.85
↑+20% vs avg
5yr avg: 11.51
30Y Low2.4·High13.9
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
JBGS Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
JBG SMITH Properties currently has a negative P/E ratio, indicating the company is operating at a loss on a trailing-twelve-month basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $932M | $1.1B | $1.4B | $1.8B | $2.3B | $3.8B | $4.2B | $5.2B | $4.1B | $3.7B | — |
| Enterprise Value | $3.4B | $3.6B | $3.8B | $4.3B | $4.5B | $6.2B | $6.0B | $6.8B | $6.0B | $5.5B | — |
| P/E Ratio → | -7.56 | — | — | — | 27.11 | — | — | 83.10 | 102.38 | — | — |
| P/S Ratio | 1.87 | 2.30 | 2.48 | 2.96 | 3.73 | 5.92 | 6.92 | 8.07 | 6.44 | 6.74 | — |
| P/B Ratio | 0.64 | 0.69 | 0.61 | 0.66 | 0.71 | 1.09 | 1.12 | 1.30 | 1.17 | 1.02 | — |
| P/FCF | — | — | — | — | — | 84.52 | — | — | 21.60 | — | — |
| P/OCF | 12.73 | 15.64 | 10.49 | 9.75 | 12.69 | 17.26 | 24.69 | 29.96 | 22.04 | 49.33 | — |
P/E links to full P/E history page with 30-year chart
JBGS EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
JBG SMITH Properties's enterprise value stands at 18.5x EBITDA, 6% below its 5-year average of 19.6x. The Real Estate sector median is 16.7x, placing the stock at a 11% 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 | — | 7.25 | 7.00 | 7.05 | 7.40 | 9.73 | 10.00 | 10.50 | 9.35 | 10.21 | — |
| EV / EBITDA | 18.52 | 19.68 | 17.86 | 16.16 | 18.71 | 25.75 | 28.22 | 15.92 | 8.97 | 10.17 | — |
| EV / EBIT | — | — | 611.55 | — | 25.08 | — | — | 153.59 | 51.61 | — | — |
| EV / FCF | — | — | — | — | — | 138.88 | — | — | 31.36 | — | — |
JBGS Profitability
Margins and return-on-capital ratios measuring operating efficiency
JBG SMITH Properties earns an operating margin of -1.3%, below the Real Estate sector average of 25.0%. Operating margins have compressed from 7.9% to -1.3% over the past 3 years, signaling potential cost pressures or competitive headwinds. A negative ROE of -7.1% indicates the company is currently destroying shareholder equity.
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 | -14.5% | -14.5% | 50.0% | 51.9% | 49.4% | 48.2% | 45.0% | 50.2% | 52.0% | 57.8% | 63.7% |
| Operating Margin | -1.3% | -1.3% | 1.1% | 7.9% | 3.6% | -0.1% | — | 36.5% | 8.4% | -9.6% | 23.6% |
| Net Profit Margin | -27.9% | -27.9% | -26.2% | -13.2% | 14.1% | -12.5% | -10.3% | 10.1% | 6.2% | -13.2% | 13.0% |
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 | -7.1% | -7.1% | -5.8% | -2.7% | 2.6% | -2.2% | -1.6% | 1.7% | 1.1% | -2.5% | 2.9% |
| ROA | -3.0% | -3.0% | -2.7% | -1.4% | 1.4% | -1.3% | -1.0% | 1.1% | 0.7% | -1.5% | 1.7% |
| ROIC | -0.1% | -0.1% | 0.1% | 0.7% | 0.3% | -0.0% | — | 3.2% | 0.7% | -0.9% | 2.6% |
| ROCE | -0.1% | -0.1% | 0.1% | 0.9% | 0.4% | -0.0% | — | 4.1% | 0.9% | -1.1% | 3.3% |
JBGS Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
JBG SMITH Properties carries a Debt/EBITDA ratio of 13.9x, which is highly leveraged (77% above the sector average of 7.8x). Net debt stands at $2.5B ($2.5B total debt minus $75M 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 | 1.52 | 1.52 | 1.17 | 0.98 | 0.77 | 0.77 | 0.56 | 0.43 | 0.60 | 0.61 | 0.55 |
| Debt / EBITDA | 13.85 | 13.85 | 12.21 | 10.01 | 10.29 | 11.18 | 9.73 | 3.99 | 3.18 | 4.04 | 2.43 |
| Net Debt / Equity | — | 1.48 | 1.11 | 0.92 | 0.70 | 0.70 | 0.50 | 0.39 | 0.53 | 0.53 | 0.54 |
| Net Debt / EBITDA | 13.44 | 13.44 | 11.53 | 9.38 | 9.28 | 10.08 | 8.67 | 3.69 | 2.79 | 3.46 | 2.37 |
| Debt / FCF | — | — | — | — | — | 54.37 | — | — | 9.76 | — | — |
| Interest Coverage | -0.13 | -0.13 | 0.05 | -0.01 | 2.35 | -0.33 | -0.19 | 0.84 | 1.57 | -0.56 | 2.26 |
JBGS Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.05x means JBG SMITH Properties can comfortably meet its short-term obligations, though there is limited excess liquidity. The current ratio has declined from 2.30x to 1.05x 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 | 1.05 | 1.05 | 1.89 | 2.30 | 3.09 | 1.27 | 3.88 | 1.06 | 4.38 | 4.01 | 0.86 |
| Quick Ratio | 1.05 | 1.05 | 1.89 | 2.30 | 3.09 | 1.27 | 3.88 | 1.06 | 4.38 | 3.90 | 0.86 |
| Cash Ratio | 0.25 | 0.25 | 0.71 | 0.88 | 1.44 | 0.60 | 1.64 | 0.35 | 1.93 | 2.28 | 0.09 |
| Asset Turnover | — | 0.11 | 0.11 | 0.11 | 0.10 | 0.10 | 0.10 | 0.11 | 0.11 | 0.09 | 0.13 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | 14.94 | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
JBGS Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
JBG SMITH Properties returns 52.1% to shareholders annually — split between a 4.6% dividend yield and 47.6% buyback yield.
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 | 4.6% | 4.2% | 4.6% | 5.3% | 4.8% | 3.1% | 2.9% | 2.5% | 2.6% | 0.7% | — |
| Payout Ratio | — | — | — | — | 126.1% | — | — | 198.0% | 268.9% | — | 6.1% |
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 | — | — | — | — | 3.7% | — | — | 1.2% | 1.0% | — | — |
| FCF Yield | — | — | — | — | — | 1.2% | — | — | 4.6% | — | — |
| Buyback Yield | 47.6% | 38.7% | 12.6% | 18.8% | 16.0% | 4.2% | 2.5% | 0.0% | 0.0% | 0.0% | — |
| Total Shareholder Yield | 52.1% | 42.9% | 17.1% | 24.0% | 20.8% | 7.3% | 5.4% | 2.5% | 2.6% | 0.7% | — |
| Shares Outstanding | — | $67M | $88M | $105M | $119M | $131M | $133M | $131M | $119M | $105M | $119M |
Peer Comparison
Compare JBGS 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 |
|---|---|---|---|---|---|---|---|---|---|
 JBGSYou | $932M | -7.6 | 18.5 | — | -14.5% | -1.3% | -7.1% | -0.1% | 13.9 |
 DEI | $2B | 125.2 | 12.3 | 10.5 | -16.1% | 19.0% | 0.5% | 1.6% | 9.4 |
 PDM | $1B | -12.6 | 10.9 | — | -20.7% | 14.1% | -5.4% | 1.5% | 7.4 |
 HIW | $3B | 17.8 | 12.8 | 17.1 | 67.6% | 26.0% | 6.6% | 2.7% | 7.2 |
 CUZ | $4B | 111.6 | 12.7 | 32.6 | 26.5% | 22.4% | 0.8% | 2.0% | 5.8 |
 VNO | $6B | 7.5 | 17.2 | 4.7 | 100.0% | 15.0% | 13.9% | 1.4% | 10.5 |
 BXP | $9B | 34.4 | 8.9 | 13.8 | 60.6% | 55.7% | 3.5% | 6.1% | 6.1 |
 CPT | $11B | 29.6 | 16.5 | 28.4 | 61.4% | 18.4% | 8.4% | 2.6% | 4.3 |
 UDR | $12B | 32.8 | 18.2 | 19.7 | 25.6% | 18.8% | 8.8% | 2.3% | 6.2 |
 EQR | $25B | 22.7 | 15.7 | 19.2 | 46.3% | 36.3% | 9.7% | 4.2% | 4.1 |
 AIV | $594M | 1.1 | 2.0 | — | — | — | 133.1% | 4.2% | — |
| Real Estate Median | — | 24.3 | 16.7 | 15.7 | 50.7% | 25.0% | 3.5% | 2.6% | 7.8 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Includes 30+ ratios · 12 years · Updated daily
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Start ComparisonJBGS — Frequently Asked Questions
Quick answers to the most common questions about buying JBGS stock.
What is JBG SMITH Properties's P/E ratio?
JBG SMITH Properties's current P/E ratio is -7.6x. The historical average is 70.9x.
What is JBG SMITH Properties's EV/EBITDA?
JBG SMITH Properties's current EV/EBITDA is 18.5x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 17.9x.
What is JBG SMITH Properties's ROE?
JBG SMITH Properties's return on equity (ROE) is -7.1%. The historical average is -0.6%.
Is JBGS stock overvalued?
Based on historical data, JBG SMITH Properties is trading at a P/E of -7.6x. Compare with industry peers and growth rates for a complete picture.
What is JBG SMITH Properties's dividend yield?
JBG SMITH Properties's current dividend yield is 4.55%.
What are JBG SMITH Properties's profit margins?
JBG SMITH Properties has -14.5% gross margin and -1.3% operating margin.
How much debt does JBG SMITH Properties have?
JBG SMITH Properties's Debt/EBITDA ratio is 13.9x, indicating high leverage. A ratio above 4x may signal elevated financial risk.