Latest Ratios: P/E Ratio 11.3x · EV/EBITDA 6.3x · ROE 4.6%. (2009–2025 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 | $2.5B | $2.5B | $2.5B | $2.3B | $2.2B | $2.6B | $2.7B | $2.2B | $1.6B | — | — |
| Enterprise Value | $3.8B | $3.8B | $3.5B | $3.2B | $3.2B | $10.5B | $1.6B | $1.3B | $6.5B | — | — |
| P/E Ratio → | 11.31 | 11.16 | 8.89 | 12.03 | 12.36 | 4.38 | 19.68 | 16.90 | 7.66 | — | — |
| P/S Ratio | 3.45 | 3.40 | 2.96 | 3.06 | 4.44 | 1.77 | 8.41 | 2.34 | 1.17 | — | — |
| P/B Ratio | 0.47 | 0.47 | 0.46 | 0.39 | 0.53 | 0.66 | 1.05 | 0.15 | 0.65 | — | — |
| P/FCF | 5.57 | 5.48 | 2.93 | 4.78 | 4.98 | 1.70 | 4.17 | 1.89 | — | — | — |
| P/OCF | 5.57 | 5.48 | 2.93 | 4.78 | 4.97 | 1.69 | 4.16 | 1.88 | — | — | — |
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 | — | 5.20 | 4.18 | 4.15 | 6.55 | 7.00 | 4.92 | 1.44 | 4.73 | — | — |
| EV / EBITDA | 6.28 | 6.22 | 3.96 | 5.36 | 25.53 | 14.41 | — | — | 28.68 | — | — |
| EV / EBIT | 6.28 | 6.22 | 3.96 | 5.36 | 4.43 | 7.90 | 6.36 | 2.24 | 10.05 | — | — |
| EV / FCF | — | 8.38 | 4.13 | 6.50 | 7.34 | 6.71 | 2.44 | 1.17 | — | — | — |
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 | 88.5% | 88.5% | 87.7% | 73.7% | 64.3% | 54.9% | 56.1% | 74.0% | 70.8% | 68.8% | 82.1% |
| Operating Margin | 83.6% | 83.6% | 105.4% | 77.5% | 25.3% | 48.4% | -58.1% | -10.6% | 14.6% | 34.5% | 20.8% |
| Net Profit Margin | 34.1% | 34.1% | 36.5% | 29.0% | 41.4% | 42.3% | 51.3% | 16.8% | 16.2% | 15.8% | 16.9% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 4.6% | 4.6% | 5.4% | 4.4% | 5.0% | 19.2% | 2.0% | 1.8% | 9.9% | 11.9% | 10.5% |
| ROA | 3.6% | 3.6% | 4.2% | 3.3% | 2.0% | 7.7% | 14.5% | 2.9% | 2.3% | 2.8% | 0.7% |
| ROIC | 6.7% | 6.7% | 9.5% | 7.1% | 1.0% | 6.9% | -1.6% | -0.6% | 2.0% | 5.8% | 2.0% |
| ROCE | 11.0% | 11.0% | 15.2% | 8.9% | 1.2% | 14.8% | — | -2.1% | 2.4% | 7.1% | 0.8% |
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 | 0.25 | 0.25 | 0.27 | 0.20 | 0.30 | 2.25 | 0.03 | 0.00 | 2.31 | 2.39 | 2.27 |
| Debt / EBITDA | 2.16 | 2.16 | 1.66 | 1.98 | 9.62 | 12.37 | — | — | 25.23 | 9.24 | 16.73 |
| Net Debt / Equity | — | 0.25 | 0.19 | 0.14 | 0.25 | 1.96 | -0.43 | -0.06 | 1.97 | 1.91 | 1.76 |
| Net Debt / EBITDA | 2.15 | 2.15 | 1.15 | 1.41 | 8.22 | 10.77 | — | — | 21.57 | 7.41 | 12.98 |
| Debt / FCF | — | 2.89 | 1.20 | 1.71 | 2.36 | 5.01 | -1.73 | -0.72 | — | — | — |
| Interest Coverage | 6.90 | 6.90 | 8.89 | 11.74 | 2.92 | 8.53 | 1.58 | 3.01 | 4.06 | 6.33 | 6.05 |
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 | 0.19 | 0.19 | 0.04 | — | 273.71 | 0.16 | 0.05 | 28.59 | 1.55 | 1.29 | 1.90 |
| Quick Ratio | 0.19 | 0.19 | 0.04 | — | 273.71 | 0.16 | 0.05 | 28.59 | 1.55 | 1.29 | 1.90 |
| Cash Ratio | 0.01 | 0.01 | 0.31 | — | 39288.42 | 147.74 | 0.18 | 74.39 | 0.67 | 0.79 | 0.88 |
| Asset Turnover | — | 0.11 | 0.12 | 0.10 | 0.09 | 0.10 | 0.16 | 4.37 | 0.13 | 0.16 | 0.15 |
| 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 | 0.2% | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | 3.1% | 56.3% | 107.0% | 78.0% | 58.6% | 301.4% | 221.8% | 242.8% | 202.6% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 8.8% | 9.0% | 11.3% | 8.3% | 8.1% | 22.9% | 5.1% | 5.9% | 13.1% | — | — |
| FCF Yield | 18.0% | 18.2% | 34.1% | 20.9% | 20.1% | 59.0% | 24.0% | 52.8% | — | — | — |
| Buyback Yield | 0.0% | — | — | — | — | — | — | — | — | — | — |
| Total Shareholder Yield | 0.2% | — | — | — | — | — | — | — | — | — | — |
| Shares Outstanding | — | $119M | $114M | $108M | $102M | $99M | $99M | $80M | $71M | $64M | $63M |
Performance fee realization volatility
Based on reported financial figures, OAK-PA trades at a P/B ratio of 0.47, which suggests that the market is pricing these preferred units at a significant discount to book value, likely reflecting investor caution regarding the firm's cyclical revenue and the inherent volatility of its underlying asset management business.
The current P/E of 11.31 and forward P/E of 5.62 imply that the market anticipates a sharp recovery in earnings, though this may be overly optimistic given the firm's reliance on lumpy performance fees. Investors should monitor whether this valuation gap represents a genuine mispricing or a rational response to the structural risks associated with the firm's credit-heavy investment mandate.
According to recent quarterly data, ROIC has fluctuated between 0.6% and 3.6% over the last ten quarters, indicating that OAK-PA's ability to compound capital is heavily tethered to the timing of investment exits rather than consistent operational efficiency across its managed credit portfolios.
The low and inconsistent ROIC suggests that the firm's capital-intensive distressed debt strategy requires long holding periods, which can suppress returns during the accumulation phase of the investment cycle. This volatility warrants further investigation into whether the firm's current deployment strategy is effectively capturing the risk-adjusted premiums expected from its specialized credit focus.
As reported in recent financial statements, the firm's liquidity position appears strained, with a current ratio that has dipped as low as 0.03 in 2025Q1, signaling a potential reliance on external capital or parent-company support to meet short-term obligations and maintain distribution payments to preferred unit holders.
The lack of significant cash on hand relative to the firm's scale suggests that OAK-PA operates with very little margin for error during periods of market dislocation. Investors should monitor the firm's ability to access liquidity, as any disruption in the timing of performance fee realizations could place immediate pressure on the sustainability of its preferred distributions.
The most commonly misapplied metric for OAK-PA is the standard P/E ratio, which obscures the firm's true earning power by failing to account for the non-cash nature of accrued carried interest and the lumpy, cyclical timing of performance fee realizations inherent in the alternative asset management model.
Analysts should instead focus on Distributable Earnings and cash flow coverage ratios to better assess the firm's ability to service its preferred units. Relying on GAAP-based P/E multiples may lead to incorrect conclusions about the firm's valuation, as these figures do not reflect the actual cash available for distribution to unit holders.
Includes 30+ ratios · 17 years · Updated daily
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Quick answers to the most common questions about buying OAK-PA stock.
Oaktree Capital Group, LLC 6.625% PFD UT A's current P/E ratio is 11.3x. The historical average is 11.6x. This places it at the 50th percentile of its historical range.
Oaktree Capital Group, LLC 6.625% PFD UT A's current EV/EBITDA is 6.3x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 14.0x.
Oaktree Capital Group, LLC 6.625% PFD UT A's return on equity (ROE) is 4.6%. The historical average is 6.4%.
Based on historical data, Oaktree Capital Group, LLC 6.625% PFD UT A is trading at a P/E of 11.3x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Oaktree Capital Group, LLC 6.625% PFD UT A's current dividend yield is 0.24%.
Oaktree Capital Group, LLC 6.625% PFD UT A has 88.5% gross margin and 83.6% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
Oaktree Capital Group, LLC 6.625% PFD UT A's Debt/EBITDA ratio is 2.2x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.