Latest Ratios: P/E Ratio -1.1x · EV/EBITDA N/A · ROE -28.2%. (2014–2025 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 | $26M | $21M | $21M | $18M | $24M | $138M | $104M | — | — | — | — |
| Enterprise Value | $374M | $370M | $414M | $465M | $467M | $583M | $538M | — | — | — | — |
| P/E Ratio → | -1.05 | — | — | — | — | — | — | — | — | — | — |
| P/S Ratio | 0.59 | 0.49 | 0.34 | 0.28 | 0.38 | 1.96 | 1.65 | — | — | — | — |
| P/B Ratio | 0.34 | 0.33 | 0.25 | 0.08 | 0.08 | 0.39 | 0.27 | — | — | — | — |
| P/FCF | — | — | — | — | — | — | — | — | — | — | — |
| P/OCF | — | — | — | — | — | — | — | — | — | — | — |
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 | — | 8.54 | 6.73 | 7.41 | 7.30 | 8.31 | 8.56 | — | — | — | — |
| EV / EBITDA | — | — | 41.41 | 77.54 | 271.44 | 48.11 | 58.90 | — | — | — | — |
| EV / EBIT | — | 83.94 | — | — | — | — | — | — | — | — | — |
| 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 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 19.7% | 19.7% | 31.9% | 33.9% | 35.9% | 41.7% | 36.6% | 45.4% | 44.6% | 43.7% | 45.2% |
| Operating Margin | -29.8% | -29.8% | -13.6% | -32.7% | -42.1% | -27.0% | -35.9% | -7.9% | -18.0% | -20.7% | -26.7% |
| Net Profit Margin | -49.0% | -49.0% | -228.3% | -168.9% | -71.7% | -56.2% | -65.1% | -31.0% | -38.6% | -39.5% | -41.5% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -28.2% | -28.2% | -90.6% | -38.8% | -13.6% | -10.8% | -10.2% | -3.9% | -3.5% | -3.3% | -3.0% |
| ROA | -4.5% | -4.5% | -23.4% | -14.3% | -5.7% | -4.7% | -4.6% | -2.6% | -3.1% | -3.0% | -2.6% |
| ROIC | -2.2% | -2.2% | -1.1% | -2.1% | -2.6% | -1.8% | -2.1% | -0.5% | -0.9% | -1.0% | -1.4% |
| ROCE | -2.8% | -2.8% | -1.4% | -2.8% | -3.4% | -2.3% | -2.6% | -0.7% | -1.5% | -1.6% | -1.7% |
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 | 5.40 | 5.40 | 4.71 | 2.01 | 1.41 | 1.30 | 1.22 | 1.07 | 0.42 | 0.34 | 0.27 |
| Debt / EBITDA | — | — | 40.27 | 75.47 | 262.57 | 37.71 | 50.93 | 17.59 | 15.83 | 13.40 | 14.85 |
| Net Debt / Equity | — | 5.38 | 4.60 | 1.99 | 1.38 | 1.27 | 1.14 | 0.95 | 0.35 | 0.28 | 0.20 |
| Net Debt / EBITDA | — | — | 39.30 | 74.58 | 257.21 | 36.74 | 47.54 | 15.59 | 13.22 | 11.13 | 11.15 |
| Debt / FCF | — | — | — | — | — | — | — | — | — | — | — |
| Interest Coverage | 0.17 | 0.17 | -6.21 | -4.62 | -1.43 | -1.07 | -1.14 | -0.28 | -0.81 | -1.05 | -1.67 |
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 | 7.98 | 7.98 | 2.29 | 2.57 | 2.99 | 4.80 | 5.41 | 7.85 | 4.78 | 3.14 | 4.64 |
| Quick Ratio | 7.98 | 7.98 | 2.29 | 2.57 | 2.59 | 3.53 | 5.41 | -0.63 | 4.78 | 3.14 | 4.64 |
| Cash Ratio | 0.62 | 0.62 | 0.53 | 0.31 | 0.64 | 0.88 | 2.70 | 4.54 | 2.84 | 1.91 | 3.52 |
| Asset Turnover | — | 0.10 | 0.12 | 0.09 | 0.08 | 0.09 | 0.07 | 0.08 | 0.08 | 0.08 | 0.06 |
| Inventory Turnover | — | — | — | — | 5.94 | 2.44 | — | 0.40 | — | — | — |
| 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 | — | — | — | — | 10.9% | 3.8% | 0.6% | — | — | — | — |
| 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 | — | — | — | — | — | — | — | — | — | — | — |
| FCF Yield | — | — | — | — | — | — | — | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 1.1% | 0.1% | 0.0% | 0.1% | 0.3% | — | — | — | — |
| Total Shareholder Yield | 0.0% | 0.0% | 1.1% | 0.1% | 10.9% | 3.9% | 0.9% | — | — | — | — |
| Shares Outstanding | — | $3M | $2M | $2M | $2M | $2M | $2M | $527414 | $2M | $2M | $2M |
Liquidity and solvency crisis
Based on reported financial data, the company's P/FFO multiple has fluctuated wildly, reaching 22.32 in 2026Q1, while the P/B ratio of 0.34 suggests that the market is pricing the equity at a significant discount to the book value of its Manhattan commercial condominium assets.
The extreme volatility in P/FFO multiples reflects the instability of earnings rather than a coherent valuation trend. Investors should interpret the low P/B ratio as a potential indicator of market skepticism regarding the recoverability of asset values in the current high-vacancy environment.
As reported in recent financial statements, the NOI margin collapsed to -52.3% in 2026Q1, a sharp deterioration from the 34.1% margin observed in 2024Q2, indicating that property-level operating expenses are currently outpacing the rental income generated by the firm's limited portfolio of commercial assets.
This negative margin trend suggests that the company is struggling to cover the fixed costs associated with its Manhattan condominium holdings. The inability to maintain positive property-level profitability warrants further investigation into whether the current cost structure is sustainable without significant asset divestitures or occupancy improvements.
According to the company's reported figures, the debt-to-equity ratio has surged to 6.14 in 2026Q1, representing a substantial increase from 2.01 in 2023Q4, which highlights a capital structure that is becoming increasingly reliant on debt as shareholder equity continues to erode rapidly over time.
The rising debt-to-equity ratio, coupled with negative interest coverage, suggests that the company may face significant challenges in servicing its existing obligations. This leverage profile appears highly vulnerable, particularly given the limited cash reserves available to manage potential refinancing hurdles in a volatile interest rate environment.
As noted in institutional research, the debt-to-equity ratio is frequently misapplied to this REIT, as it obscures the true leverage profile by ignoring the underlying gross assets and the specific risks associated with the company's commercial condominium ownership structure in the Manhattan office market.
Investors should prioritize debt-to-gross-assets over debt-to-equity to better assess the firm's actual leverage, as the latter is heavily distorted by the rapid erosion of shareholder equity. Relying on standard equity-based metrics in this context may lead to a fundamental misunderstanding of the company's solvency risks.
Includes 30+ ratios · 12 years · Updated daily
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Quick answers to the most common questions about buying NYC stock.
American Strategic Investment Co.'s current P/E ratio is -1.1x. This places it at the 50th percentile of its historical range.
American Strategic Investment Co.'s return on equity (ROE) is -28.2%. The historical average is -17.5%.
Based on historical data, American Strategic Investment Co. is trading at a P/E of -1.1x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
American Strategic Investment Co. has 19.7% gross margin and -29.8% operating margin.