Latest Ratios: P/E Ratio 8.7x · EV/EBITDA -27.9x · ROE 11.8%. (1998–2025 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 | $45M | $53M | $64M | $57M | $61M | $58M | $50M | $61M | $49M | $48M | $58M |
| Enterprise Value | $-142551323 | $-133938980 | $86M | $88M | $92M | $79M | $76M | $82M | $71M | $71M | $70M |
| P/E Ratio → | 8.67 | 10.33 | 11.43 | 10.35 | 11.84 | 13.10 | 11.84 | 13.53 | 11.71 | 14.17 | 20.54 |
| P/S Ratio | 5.13 | 6.13 | 6.60 | 5.80 | 7.14 | 8.49 | 8.86 | 10.75 | 8.95 | 10.32 | 14.98 |
| P/B Ratio | 1.03 | 1.23 | 1.48 | 1.33 | 1.43 | 1.33 | 1.57 | 1.92 | 0.92 | 1.09 | 1.70 |
| P/FCF | 0.01 | 0.01 | 13.00 | 10.58 | 11.86 | 12.58 | 11.91 | 13.86 | 11.34 | 13.98 | 18.97 |
| P/OCF | 0.01 | 0.01 | 12.99 | 10.57 | 11.86 | 12.58 | 11.89 | 13.86 | 11.34 | 13.97 | 18.95 |
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 | — | -15.43 | 8.91 | 8.96 | 10.74 | 11.64 | 13.48 | 14.38 | 12.90 | 15.04 | 18.01 |
| EV / EBITDA | -27.86 | -26.17 | 15.44 | 16.07 | 17.68 | 17.94 | 13.71 | 18.26 | 12.08 | 20.35 | 24.32 |
| EV / EBIT | -27.88 | -26.20 | 15.46 | 16.09 | 17.69 | 17.94 | — | — | — | 15.11 | 19.21 |
| EV / FCF | — | -0.03 | 17.54 | 16.35 | 17.85 | 17.26 | 18.12 | 18.54 | 16.36 | 20.38 | 22.80 |
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 | 79.8% | 79.8% | 75.9% | 74.3% | 78.8% | 84.7% | 99.8% | 99.9% | 100.0% | 100.1% | 120.0% |
| Operating Margin | 58.9% | 58.9% | 57.6% | 55.7% | 60.7% | 64.9% | 98.3% | 78.7% | 106.8% | 73.8% | 73.9% |
| Net Profit Margin | 58.9% | 58.9% | 57.6% | 55.7% | 60.7% | 64.9% | 74.7% | 78.7% | 76.1% | 73.3% | 73.5% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 11.8% | 11.8% | 13.0% | 12.8% | 12.1% | 11.7% | 13.2% | 10.5% | 8.6% | 8.8% | 11.0% |
| ROA | 7.8% | 7.8% | 7.7% | 7.2% | 7.3% | 7.0% | 7.4% | 8.1% | 8.3% | 8.5% | 8.5% |
| ROIC | — | — | 6.0% | 5.6% | 5.6% | 5.4% | 7.5% | 5.3% | 6.2% | 4.6% | 5.6% |
| ROCE | 8.0% | 8.0% | 8.0% | 7.4% | 7.5% | 8.5% | 12.1% | 10.6% | 19.8% | 12.5% | 12.6% |
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 | 0.41 | 0.41 | 0.52 | 0.73 | 0.72 | 0.50 | 0.82 | 0.65 | 0.41 | 0.50 | 0.35 |
| Debt / EBITDA | 3.47 | 3.47 | 4.03 | 5.69 | 5.95 | 4.89 | 4.72 | 4.63 | 3.74 | 6.43 | 4.12 |
| Net Debt / Equity | — | -4.34 | 0.52 | 0.72 | 0.72 | 0.50 | 0.82 | 0.65 | 0.41 | 0.50 | 0.34 |
| Net Debt / EBITDA | -36.57 | -36.57 | 4.00 | 5.67 | 5.93 | 4.86 | 4.70 | 4.61 | 3.70 | 6.39 | 4.09 |
| Debt / FCF | — | -0.04 | 4.54 | 5.77 | 5.99 | 4.68 | 6.21 | 4.68 | 5.02 | 6.40 | 3.83 |
| Interest Coverage | 2.91 | 2.91 | 2.39 | 2.17 | 2.86 | 4.23 | -0.00 | -0.00 | -0.00 | 3.81 | 4.64 |
Net cash position: cash ($205M) exceeds total debt ($18M)
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 | 30.71 | 30.71 | 31.09 | 3.84 | 31.70 | 30.77 | 0.05 | 33.24 | 2.34 | 2.51 | 3.62 |
| Quick Ratio | 30.71 | 30.71 | 31.09 | 3.84 | 31.70 | 30.77 | 0.05 | 33.24 | 2.34 | 2.51 | 0.06 |
| Cash Ratio | 3362.92 | 3362.92 | 0.08 | 1.07 | 0.04 | 0.07 | 0.01 | 0.07 | 0.01 | 0.01 | 0.01 |
| Asset Turnover | — | 0.14 | 0.14 | 0.13 | 0.11 | 0.10 | 0.09 | 0.10 | 0.10 | 0.10 | 0.11 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | 0.00 |
| 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 | 11.8% | 9.9% | 8.2% | 9.3% | 9.4% | 8.6% | 8.3% | 7.5% | 8.1% | 6.8% | 4.7% |
| Payout Ratio | 103.0% | 103.0% | 93.6% | 96.9% | 110.3% | 112.8% | 98.0% | 103.2% | 95.1% | 95.6% | 95.3% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 11.5% | 9.7% | 8.8% | 9.7% | 8.4% | 7.6% | 8.4% | 7.4% | 8.5% | 7.1% | 4.9% |
| FCF Yield | 100.0% | 9266.7% | 7.7% | 9.5% | 8.4% | 7.9% | 8.4% | 7.2% | 8.8% | 7.2% | 5.3% |
| Buyback Yield | 0.1% | 0.1% | 0.0% | 0.5% | 0.0% | 0.0% | 0.4% | 0.0% | 0.1% | 0.4% | 0.0% |
| Total Shareholder Yield | 11.9% | 9.9% | 8.2% | 9.8% | 9.4% | 8.6% | 8.6% | 7.6% | 8.2% | 7.2% | 4.7% |
| Shares Outstanding | — | $11M | $11M | $11M | $11M | $11M | $10M | $10M | $9M | $8M | $8M |
Includes 30+ ratios · 28 years · Updated daily
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Quick answers to the most common questions about buying LOAN stock.
Manhattan Bridge Capital, Inc.'s current P/E ratio is 8.7x. The historical average is 13.1x. This places it at the 5th percentile of its historical range.
Manhattan Bridge Capital, Inc.'s current EV/EBITDA is -27.9x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 14.6x.
Manhattan Bridge Capital, Inc.'s return on equity (ROE) is 11.8%. The historical average is 8.8%.
Based on historical data, Manhattan Bridge Capital, Inc. is trading at a P/E of 8.7x. This is at the 5th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Manhattan Bridge Capital, Inc.'s current dividend yield is 11.80% with a payout ratio of 103.0%.
Manhattan Bridge Capital, Inc. has 79.8% gross margin and 58.9% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
Manhattan Bridge Capital, Inc.'s Debt/EBITDA ratio is 3.5x, indicating high leverage. A ratio between 2-4x is manageable but warrants monitoring.
Key Metrics
Top Statement Risk
Geographic concentration in NY
Metrics are mathematically derived from official filings.
Niche Valuation Reflects Liquidity Premium
According to recent market data, LOAN trades at a P/E of 9.89, which appears to reflect a significant discount compared to broader mortgage REITs, likely due to the market's uncertainty regarding the deployment of its substantial cash reserves and the company's hyper-local lending focus.
The lack of a standard P/FFO multiple in the provided data suggests that the market may struggle to categorize LOAN as a traditional income-generating REIT. Investors should monitor whether the current valuation is a reflection of the company's conservative, debt-free balance sheet or a lack of confidence in future loan origination growth.
High Margins Mask Origination Volatility
Based on reported financial figures, LOAN maintains NOI margins consistently near 100%, which highlights the company's extreme capital efficiency as a bridge lender, though this profitability is currently tempered by a -10.55% year-over-year revenue decline that warrants further investigation into regional loan demand.
The company's ability to maintain near-perfect margins is a direct result of its business model, which avoids the operational overhead typical of equity REITs. However, the recent revenue contraction suggests that the company may be struggling to recycle capital into new, high-yielding bridge loans at a pace that sustains historical growth levels.
Payout Ratios Indicate Dividend Pressure
As reported in quarterly filings, the FFO payout ratio has frequently exceeded 100% in recent periods, suggesting that the current dividend distribution may be straining the company's ability to retain sufficient cash flow for future loan originations in the competitive New York metropolitan market.
The inconsistency in dividend coverage appears to be a byproduct of the company's transactional revenue model, which is sensitive to the timing of loan payoffs. Investors should monitor whether management chooses to prioritize dividend stability over the retention of capital needed to fuel future portfolio expansion.
Debt-Free Status Enhances Capital Stability
According to recent balance sheet data, LOAN has successfully transitioned to a debt-free capital structure, which distinguishes it from peers like SACH and GPMT that rely on warehouse lines, thereby insulating the company from interest rate volatility and refinancing risks in the current market environment.
This fortress-like balance sheet provides a unique competitive advantage by allowing the company to operate without the pressure of debt service obligations. While this conservative approach limits potential returns on equity, it appears to provide a significant buffer against the regional economic downturns that often impact bridge lenders.
Misapplication of Standard P/E Multiples
The most commonly misapplied metric for LOAN is the standard P/E ratio, which fails to account for the company's unique bridge-lending structure and the significant distortion caused by its massive, non-interest-bearing cash position relative to its total revenue.
Using P/E to value LOAN obscures the underlying earnings power of the company's loan portfolio by including idle cash in the valuation denominator. Analysts should instead focus on the P/B ratio or an adjusted P/FFO that accounts for the company's net cash position to better reflect its true valuation as a specialty finance REIT.