Latest Ratios: P/E Ratio -1.2x · EV/EBITDA N/A · ROE -7.5%. (2021–2025 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 |
|---|---|---|---|---|---|---|
| Market Cap | $20M | $46M | $789M | — | — | — |
| Enterprise Value | $627M | $10.7B | $11.2B | — | — | — |
| P/E Ratio → | -1.23 | — | — | — | — | — |
| P/S Ratio | 0.31 | 0.04 | 1.08 | — | — | — |
| P/B Ratio | 0.15 | 0.02 | 0.15 | — | — | — |
| P/FCF | — | — | — | — | — | — |
| P/OCF | 3.76 | 0.49 | — | — | — | — |
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 |
|---|---|---|---|---|---|---|
| EV / Revenue | — | 9.36 | 15.34 | — | — | — |
| EV / EBITDA | — | — | — | — | — | — |
| EV / EBIT | — | 9.05 | — | — | — | — |
| EV / FCF | — | — | — | — | — | — |
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 |
|---|---|---|---|---|---|---|
| Gross Margin | 68.8% | 68.8% | 72.8% | 70.2% | -344.9% | -1141.2% |
| Operating Margin | -31.9% | -31.9% | -210.8% | -109.2% | -3004.6% | -5585.4% |
| Net Profit Margin | -24.8% | -24.8% | -488.8% | 20.2% | 3800.0% | -6900.2% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| ROE | -7.5% | -7.5% | -54.7% | 1.4% | 173.5% | -1145088.2% |
| ROA | -1.4% | -1.4% | -17.3% | 0.6% | 163.5% | -30848.4% |
| ROIC | -1.9% | -1.9% | -7.6% | -2.3% | -3.0% | -1.7% |
| ROCE | -3.2% | -3.2% | -9.0% | -4.8% | — | — |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Debt / Equity | 4.73 | 4.73 | 2.19 | 0.88 | 19.75 | 412032.86 |
| Debt / EBITDA | — | — | — | — | — | — |
| Net Debt / Equity | — | 4.61 | 2.00 | 0.87 | 19.75 | 22.61 |
| Net Debt / EBITDA | — | — | — | — | — | — |
| Debt / FCF | — | — | — | — | — | — |
| Interest Coverage | 0.81 | 0.81 | -3.39 | 1.02 | -2.44 | 1.01 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Current Ratio | 0.26 | 0.26 | 0.34 | 0.23 | 0.13 | 0.96 |
| Quick Ratio | 0.26 | 0.26 | 0.34 | 0.23 | 0.13 | 0.96 |
| Cash Ratio | 0.02 | 0.02 | 0.22 | 0.03 | 0.05 | 0.33 |
| Asset Turnover | — | 0.07 | 0.03 | 0.01 | 0.02 | 4.47 |
| Inventory Turnover | 22.53 | 22.53 | 17.35 | 60.41 | 14.96 | — |
| 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 |
|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | — |
| FCF Yield | — | — | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.6% | — | — | — |
| Total Shareholder Yield | 0.0% | 0.0% | 0.6% | — | — | — |
| Shares Outstanding | — | $79M | $77M | $79M | $39M | $39M |
Development and liquidity concentration
As reported in recent financial filings, Murano's P/FFO multiple of 29.03 in 2025Q4 reflects a market valuation that appears untethered from current earnings, given the company's persistent negative FFO per share and the lack of a stabilized income stream to justify traditional REIT valuation metrics.
The extreme volatility in the P/FFO ratio, which has fluctuated wildly over the last ten quarters, suggests that investors are struggling to price the company's development pipeline against its current operational losses. The absence of a meaningful P/AFFO further complicates the valuation, as the market likely views the company as a speculative developer rather than a yield-generating REIT.
Based on the company's quarterly data, Murano maintained a 61.5% NOI margin in 2025Q4, yet this property-level profitability remains insufficient to cover corporate overhead and non-cash depreciation, resulting in a negative profitability profile that warrants significant caution regarding the company's transition to a stabilized public operator.
While the high NOI margin suggests the underlying luxury assets possess strong pricing power, the persistent negative net income indicates that the company is currently unable to scale its operations efficiently. Investors should monitor whether the recent expansion of room inventory leads to a sustainable improvement in operating margins or if fixed costs continue to outpace revenue growth.
According to the company's reported figures, the debt-to-gross-assets ratio has climbed to 4.73 as of 2025Q4, indicating a significant increase in financial risk as the company relies heavily on debt to fund its aggressive development pipeline in supply-constrained Mexican hospitality submarkets.
The rising debt-to-equity profile suggests that the company's financial flexibility is becoming increasingly constrained, particularly as interest coverage remains weak or negative in several recent periods. This reliance on debt financing to sustain operations during a heavy development phase may expose the company to refinancing risks if market conditions for luxury hospitality assets deteriorate.
As noted in financial analysis, the most commonly misapplied metric for Murano is the standard P/E ratio, which is fundamentally distorted by high non-cash depreciation charges and the company's development-heavy business model, thereby obscuring the true cash-generative potential of its luxury hospitality assets.
Using P/E to evaluate a REIT in a heavy development phase is misleading because it fails to account for the significant non-cash expenses that depress net income while ignoring the underlying value of the real estate portfolio. Analysts should instead focus on FFO and NAV, which provide a more accurate representation of the company's operational performance and asset-backed value.
Includes 30+ ratios · 5 years · Updated daily
DCF models, multiple analysis, and analyst estimates.
10-year return with dividends reinvested.
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Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying MRNO stock.
Murano Global Investments PLC Ordinary Shares's current P/E ratio is -1.2x. This places it at the 50th percentile of its historical range.
Murano Global Investments PLC Ordinary Shares's return on equity (ROE) is -7.5%. The historical average is 28.2%.
Based on historical data, Murano Global Investments PLC Ordinary Shares is trading at a P/E of -1.2x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Murano Global Investments PLC Ordinary Shares has 68.8% gross margin and -31.9% operating margin.