Piedmont Office Realty Trust, Inc. (PDM) Financial Ratios
24 years of historical data (2002–2025) · Real Estate · REIT - Office
EV/EBITDA
↓
11.06
-6% vs avg
5yr avg: 11.79
30Y Low7.4·High17.9
P/FCF
↓
N/A
—
5yr avg: 16.02
30Y Low12.1·High69.8
P/B Ratio
↓
0.74
-2% vs avg
5yr avg: 0.76
30Y Low0.5·High1.5
ROE
↓
-5.4%
↑-454% vs avg
5yr avg: -1.0%
30Y Low-5%·High13%
Debt/EBITDA
↑
7.42
↓-0% vs avg
5yr avg: 7.44
30Y Low2.5·High9.9
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
PDM Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Piedmont Office Realty Trust, Inc. currently has a negative P/E ratio, indicating the company is operating at a loss on a trailing-twelve-month basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $1.1B | $1.0B | $1.1B | $879M | $1.1B | $2.3B | $2.0B | $2.8B | $2.2B | $2.9B | $3.0B |
| Enterprise Value | $3.4B | $3.3B | $3.5B | $3.0B | $3.2B | $4.2B | $3.7B | $4.3B | $3.9B | $4.6B | $5.1B |
| P/E Ratio → | -13.34 | — | — | — | 7.71 | — | 8.77 | 16.85 | 17.04 | 21.32 | 28.26 |
| P/S Ratio | 1.98 | 1.84 | 1.99 | 1.52 | 2.01 | 4.31 | 3.83 | 5.26 | 4.23 | 4.97 | 5.48 |
| P/B Ratio | 0.74 | 0.69 | 0.71 | 0.51 | 0.61 | 1.27 | 1.08 | 1.54 | 1.30 | 1.44 | 1.40 |
| P/FCF | — | — | — | 16.93 | 12.07 | 19.06 | 25.36 | 26.74 | 17.02 | 17.49 | 24.25 |
| P/OCF | 7.95 | 7.38 | 5.72 | 4.18 | 5.26 | 9.41 | 10.59 | 13.46 | 10.97 | 11.74 | 12.91 |
P/E links to full P/E history page with 30-year chart
PDM EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Piedmont Office Realty Trust, Inc.'s enterprise value stands at 11.1x EBITDA, 6% below its 5-year average of 11.8x. The Real Estate sector median is 17.0x, placing the stock at a 35% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 5.86 | 6.19 | 5.14 | 5.60 | 7.86 | 6.86 | 8.03 | 7.43 | 7.96 | 9.10 |
| EV / EBITDA | 11.06 | 10.80 | 14.00 | 9.48 | 10.23 | 14.45 | 12.55 | 10.72 | 7.43 | 8.66 | 9.64 |
| EV / EBIT | 42.69 | 74.57 | 47.54 | 56.21 | 14.86 | 82.87 | 41.36 | 40.99 | 20.42 | 22.66 | 71.08 |
| EV / FCF | — | — | — | 57.23 | 33.63 | 34.74 | 45.49 | 40.78 | 29.88 | 28.04 | 40.28 |
PDM Profitability
Margins and return-on-capital ratios measuring operating efficiency
Piedmont Office Realty Trust, Inc. earns an operating margin of 14.1%, below the Real Estate sector average of 24.8%. A negative ROE of -5.4% indicates the company is currently destroying shareholder equity. ROIC of 1.5% represents below-average returns on invested capital.
Margins
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 | -20.7% | -20.7% | 58.9% | 59.3% | 59.9% | 60.1% | 59.8% | 60.4% | 60.2% | 61.6% | 60.6% |
| Operating Margin | 14.1% | 14.1% | 13.0% | 13.4% | 14.9% | 15.3% | 16.6% | 53.8% | 22.0% | 14.2% | 13.3% |
| Net Profit Margin | -14.8% | -14.8% | -13.9% | -8.4% | 26.0% | -0.2% | 43.5% | 43.0% | 24.8% | 23.3% | 19.4% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -5.4% | -5.4% | -4.8% | -2.7% | 8.1% | -0.1% | 12.5% | 13.0% | 7.0% | 6.4% | 4.9% |
| ROA | -2.1% | -2.1% | -1.9% | -1.2% | 3.7% | -0.0% | 6.4% | 6.4% | 3.4% | 3.2% | 2.4% |
| ROIC | 1.5% | 1.5% | 1.4% | 1.5% | 1.7% | 1.7% | 2.0% | 6.4% | 2.4% | 1.5% | 1.3% |
| ROCE | 2.0% | 2.0% | 2.0% | 2.0% | 2.2% | 2.2% | 2.6% | 8.4% | 3.2% | 2.0% | 1.7% |
PDM Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Piedmont Office Realty Trust, Inc. carries a Debt/EBITDA ratio of 7.4x, which is highly leveraged (6% below the sector average of 7.9x). Net debt stands at $2.3B ($2.3B total debt minus $731000 cash). Interest coverage of just 0.3x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.52 | 1.52 | 1.58 | 1.22 | 1.10 | 1.05 | 0.86 | 0.82 | 0.98 | 0.87 | 0.93 |
| Debt / EBITDA | 7.42 | 7.42 | 9.94 | 6.69 | 6.61 | 6.55 | 5.58 | 3.72 | 3.20 | 3.27 | 3.85 |
| Net Debt / Equity | — | 1.52 | 1.51 | 1.21 | 1.09 | 1.05 | 0.86 | 0.81 | 0.98 | 0.87 | 0.92 |
| Net Debt / EBITDA | 7.42 | 7.42 | 9.50 | 6.68 | 6.56 | 6.52 | 5.55 | 3.69 | 3.20 | 3.26 | 3.84 |
| Debt / FCF | — | — | — | 40.30 | 21.57 | 15.68 | 20.13 | 14.04 | 12.85 | 10.55 | 16.03 |
| Interest Coverage | 0.35 | 0.35 | 0.60 | 0.52 | 3.24 | 0.98 | 1.61 | 1.69 | 3.14 | 2.96 | 1.10 |
PDM Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 2.00x means Piedmont Office Realty Trust, Inc. can comfortably meet its short-term obligations, though there is limited excess liquidity. The current ratio has improved from 0.82x to 2.00x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.00 | 2.00 | 1.15 | 0.82 | 1.09 | 2.15 | 1.89 | 1.39 | 1.27 | 0.94 | 1.03 |
| Quick Ratio | 2.00 | 2.00 | 1.15 | 0.82 | 1.08 | 2.15 | 1.89 | 1.39 | 1.42 | 1.02 | 1.15 |
| Cash Ratio | 0.01 | 0.01 | 0.40 | 0.00 | 0.08 | 0.05 | 0.04 | 0.09 | 0.03 | 0.03 | 0.04 |
| Asset Turnover | — | 0.14 | 0.14 | 0.14 | 0.14 | 0.13 | 0.14 | 0.15 | 0.15 | 0.14 | 0.12 |
| Inventory Turnover | — | — | — | — | 73.78 | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
PDM Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Piedmont Office Realty Trust, Inc. returns 2.8% to shareholders annually primarily through dividends.
Dividends
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 | 2.8% | 3.0% | 5.5% | 10.6% | 9.2% | 4.6% | 5.2% | 3.8% | 8.3% | 4.3% | 3.0% |
| Payout Ratio | — | — | — | — | 71.1% | — | 45.7% | 46.4% | 141.3% | 91.5% | 84.9% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | 13.0% | — | 11.4% | 5.9% | 5.9% | 4.7% | 3.5% |
| FCF Yield | — | — | — | 5.9% | 8.3% | 5.2% | 3.9% | 3.7% | 5.9% | 5.7% | 4.1% |
| Buyback Yield | 0.0% | 0.0% | 0.2% | 0.2% | 0.3% | 0.9% | 1.5% | 0.6% | 13.4% | 2.1% | 0.3% |
| Total Shareholder Yield | 2.8% | 3.0% | 5.6% | 10.8% | 9.6% | 5.4% | 6.7% | 4.4% | 21.7% | 6.4% | 3.3% |
| Shares Outstanding | — | $124M | $124M | $124M | $124M | $124M | $126M | $126M | $131M | $145M | $146M |
Peer Comparison
Compare PDM with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 PDMYou | $1B | -13.3 | 11.1 | — | -20.7% | 14.1% | -5.4% | 1.5% | 7.4 |
 HIW | $3B | 20.2 | 13.6 | 19.4 | 67.6% | 26.0% | 6.6% | 2.7% | 7.2 |
 DEA | $1B | 79.9 | 13.8 | 4.1 | -0.9% | 24.9% | 0.9% | 2.1% | 8.5 |
 PGRE | $1B | -31.4 | 12.3 | 5.5 | 60.0% | 19.6% | -1.2% | 1.5% | 9.5 |
 BXP | $10B | 37.2 | 9.2 | 14.9 | 60.6% | 55.7% | 3.5% | 6.1% | 6.1 |
 VNO | $7B | 9.0 | 18.8 | 5.7 | 100.0% | 15.0% | 13.9% | 1.4% | 10.5 |
 KRC | $4B | 15.9 | 13.7 | — | 67.0% | 28.4% | 4.9% | 2.3% | 7.3 |
 CUZ | $5B | 117.8 | 13.0 | 34.5 | 26.5% | 22.4% | 0.8% | 2.0% | 5.8 |
 SLG | $4B | -42.8 | 27.6 | 44.1 | 34.1% | 15.4% | -2.0% | 1.1% | 19.5 |
 HPP | $793M | -1.1 | 13.5 | 8.0 | -42.1% | -5.7% | -17.3% | -0.5% | 11.5 |
 CBRE | $39B | 34.2 | 22.7 | 32.3 | 15.0% | 3.2% | 12.3% | 6.2% | 4.8 |
| Real Estate Median | — | 24.1 | 17.0 | 15.4 | 49.3% | 24.8% | 3.7% | 2.7% | 7.9 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 24 years · Updated daily
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PDM — Frequently Asked Questions
Quick answers to the most common questions about buying PDM stock.
What is Piedmont Office Realty Trust, Inc.'s P/E ratio?
Piedmont Office Realty Trust, Inc.'s current P/E ratio is -13.3x. The historical average is 23.8x.
What is Piedmont Office Realty Trust, Inc.'s EV/EBITDA?
Piedmont Office Realty Trust, Inc.'s current EV/EBITDA is 11.1x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 12.5x.
What is Piedmont Office Realty Trust, Inc.'s ROE?
Piedmont Office Realty Trust, Inc.'s return on equity (ROE) is -5.4%. The historical average is 4.5%.
Is PDM stock overvalued?
Based on historical data, Piedmont Office Realty Trust, Inc. is trading at a P/E of -13.3x. Compare with industry peers and growth rates for a complete picture.
What is Piedmont Office Realty Trust, Inc.'s dividend yield?
Piedmont Office Realty Trust, Inc.'s current dividend yield is 2.78%.
What are Piedmont Office Realty Trust, Inc.'s profit margins?
Piedmont Office Realty Trust, Inc. has -20.7% gross margin and 14.1% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does Piedmont Office Realty Trust, Inc. have?
Piedmont Office Realty Trust, Inc.'s Debt/EBITDA ratio is 7.4x, indicating high leverage. A ratio above 4x may signal elevated financial risk.