Latest Ratios: P/E Ratio -4.2x · EV/EBITDA N/A · ROE -13.8%. (2020–2025 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 |
|---|---|---|---|---|---|---|---|
| Market Cap | $173M | $243M | $282M | $274M | $342M | $232M | — |
| Enterprise Value | $159M | $229M | $438M | $279M | $205M | $52M | — |
| P/E Ratio → | -4.15 | — | — | — | — | — | — |
| P/S Ratio | 18.88 | 26.44 | 105.27 | 121.78 | 245.62 | 232.45 | — |
| P/B Ratio | 0.60 | 0.88 | 0.93 | 0.84 | 1.03 | 0.72 | — |
| P/FCF | — | — | — | — | 6.02 | 4.01 | — |
| 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 |
|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 24.88 | 163.63 | 123.94 | 147.60 | 52.57 | — |
| EV / EBITDA | — | — | — | — | — | — | — |
| EV / EBIT | — | — | — | — | — | — | — |
| EV / FCF | — | — | — | — | 3.62 | 0.91 | — |
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 |
|---|---|---|---|---|---|---|---|
| Gross Margin | -252.5% | -252.5% | -155.7% | -85.4% | -173.8% | -14.3% | 52.5% |
| Operating Margin | -225.1% | -225.1% | -504.3% | -458.2% | -683.5% | -366.6% | -102.0% |
| Net Profit Margin | -435.9% | -435.9% | -891.8% | -636.7% | -552.3% | -314.4% | -110.9% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| ROE | -13.8% | -13.8% | -7.6% | -4.4% | -2.3% | -1.9% | — |
| ROA | -7.4% | -7.4% | -5.3% | -3.9% | -2.2% | -1.7% | -0.3% |
| ROIC | -4.3% | -4.3% | -2.6% | -2.9% | -4.2% | -3.2% | — |
| ROCE | -4.0% | -4.0% | -3.3% | -3.0% | -2.9% | -1.9% | -7.4% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.04 | 0.04 | 0.59 | 0.08 | 0.02 | 0.04 | — |
| Debt / EBITDA | — | — | — | — | — | — | — |
| Net Debt / Equity | — | -0.05 | 0.51 | 0.02 | -0.41 | -0.55 | — |
| Net Debt / EBITDA | — | — | — | — | — | — | — |
| Debt / FCF | — | — | — | — | -2.40 | -3.11 | — |
| Interest Coverage | -1.30 | -1.30 | -1.38 | — | — | — | -11.44 |
Net cash position: cash ($24M) exceeds total debt ($10M)
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Current Ratio | 1.97 | 1.97 | 0.70 | 0.56 | 10.09 | — | 0.18 |
| Quick Ratio | 1.97 | 1.97 | 0.70 | 0.56 | 10.09 | — | 0.13 |
| Cash Ratio | 1.97 | 1.97 | 0.70 | 0.56 | 10.09 | — | 0.18 |
| Asset Turnover | — | 0.02 | 0.01 | 0.01 | 0.00 | 0.00 | 0.00 |
| Inventory Turnover | — | — | — | — | — | — | 0.02 |
| 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 |
|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | — | — |
| FCF Yield | — | — | — | — | 16.6% | 24.9% | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — |
| Shares Outstanding | — | $4M | $4M | $4M | $3M | $2M | $0 |
Development and liquidity constraints
As reported in recent financial filings, the company's P/FFO remains unavailable due to persistent negative earnings, while the P/S ratio of 19.12 suggests that the market is pricing the entity as a speculative development play rather than a stabilized income-generating REIT vehicle.
The absence of a meaningful P/FFO multiple reflects the company's current status as a pre-stabilization developer where earnings are obscured by heavy depreciation and construction-related expenses. Investors should monitor whether the market's valuation discount relative to peers persists as the Sarasota and Nashville projects transition toward operational status.
Based on quarterly data, the company's NOI margin of -163.4% in 2026Q1 highlights the significant drag of pre-opening costs and corporate overhead, which currently far outpace the nascent rental income generated from the company's limited stabilized residential asset base.
The deeply negative profitability metrics are characteristic of the early-stage development phase where carrying costs are recognized well before revenue stabilization. Future margin improvement appears contingent upon the successful completion and lease-up of the Aster & Links project to achieve necessary operational scale.
According to the company's reported figures, the debt-to-equity ratio has climbed significantly from 0.08 in 2023Q4 to 1.04 in 2026Q1, indicating a shift toward debt-heavy capitalization to fund the ongoing vertical construction phase of the firm's primary residential development pipeline.
The rapid increase in leverage warrants close monitoring, as the company's interest coverage ratio remains negative, suggesting that current cash flows are insufficient to service the debt load. This reliance on debt financing in a high-rate environment may compress future project-level IRRs and increase refinancing risk.
As noted in financial analysis, the P/E ratio is fundamentally misapplied to this REIT because it fails to account for non-cash depreciation charges and the unique tax-shield benefits inherent in the Qualified Opportunity Fund structure, which are not captured by standard GAAP earnings metrics.
Investors should instead focus on NAV-based valuation and the potential for long-term capital gains tax elimination, which are the primary value drivers for this entity. Relying on P/E obscures the underlying asset value and the structural tax advantages that define the company's competitive moat.
Includes 30+ ratios · 6 years · Updated daily
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Quick answers to the most common questions about buying OZ stock.
Belpointe PREP, LLC's current P/E ratio is -4.2x. This places it at the 50th percentile of its historical range.
Belpointe PREP, LLC's return on equity (ROE) is -13.8%. The historical average is -6.0%.
Based on historical data, Belpointe PREP, LLC is trading at a P/E of -4.2x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Belpointe PREP, LLC has -252.5% gross margin and -225.1% operating margin.