Phillips Edison & Company, Inc. (PECO) Financial Ratios
14 years of historical data (2012–2025) · Real Estate · REIT - Retail
EV/EBITDA
↑
16.20
↑+37% vs avg
5yr avg: 11.82
30Y Low10.4·High16.0
P/FCF
↑
23.80
+6% vs avg
5yr avg: 22.45
30Y Low20.5·High24.8
P/B Ratio
↑
2.15
↑+22% vs avg
5yr avg: 1.77
30Y Low1.6·High1.9
ROE
↑
4.3%
↓+87% vs avg
5yr avg: 2.3%
30Y Low-3%·High4%
Debt/EBITDA
↑
5.36
↑+41% vs avg
5yr avg: 3.80
30Y Low3.2·High22.7
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
PECO Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Phillips Edison & Company, Inc. trades at 45.0x earnings, 57% below its 5-year average of 103.9x, sitting at the 25th percentile of its historical range. Compared to the Real Estate sector median P/E of 24.2x, the stock trades at a premium of 86%. On a free-cash-flow basis, the stock trades at 23.8x P/FCF, 6% above the 5-year average of 22.5x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $5.0B | $4.9B | $5.1B | $4.9B | $4.1B | $3.9B | — | — | — | — | — |
| Enterprise Value | $7.5B | $7.4B | $7.2B | $6.9B | $6.2B | $5.8B | — | — | — | — | — |
| P/E Ratio → | 45.00 | 39.97 | 73.45 | 76.00 | 75.81 | 254.15 | — | — | — | — | — |
| P/S Ratio | 6.89 | 6.75 | 7.75 | 7.95 | 7.21 | 7.23 | — | — | — | — | — |
| P/B Ratio | 2.15 | 1.91 | 1.95 | 1.83 | 1.60 | 1.56 | — | — | — | — | — |
| P/FCF | 23.80 | 23.30 | 21.39 | 24.79 | 22.26 | 20.52 | — | — | — | — | — |
| P/OCF | 14.49 | 14.19 | 15.31 | 16.67 | 14.27 | 14.66 | — | — | — | — | — |
P/E links to full P/E history page with 30-year chart
PECO EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Phillips Edison & Company, Inc.'s enterprise value stands at 16.2x EBITDA, 37% above its 5-year average of 11.8x. This is roughly in line with the Real Estate sector median of 16.8x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 10.15 | 10.94 | 11.35 | 10.69 | 10.81 | — | — | — | — | — |
| EV / EBITDA | 16.20 | 15.97 | 10.90 | 11.23 | 10.39 | 10.60 | — | — | — | — | — |
| EV / EBIT | 37.89 | 31.04 | 41.95 | 44.90 | 47.06 | 55.24 | — | — | — | — | — |
| EV / FCF | — | 35.05 | 30.19 | 35.38 | 33.00 | 30.67 | — | — | — | — | — |
PECO Profitability
Margins and return-on-capital ratios measuring operating efficiency
Phillips Edison & Company, Inc. earns an operating margin of 27.2%, above the Real Estate sector average of 24.7%. Operating margins have compressed from 64.0% to 27.2% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 4.3% is modest. ROIC of 3.0% 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 | -1.4% | -1.4% | 71.2% | 71.3% | 71.6% | 70.3% | 69.0% | 70.0% | 69.2% | 68.8% | 69.5% |
| Operating Margin | 27.2% | 27.2% | 64.3% | 64.0% | 63.8% | 61.1% | 60.7% | 60.9% | 57.5% | 49.2% | 55.4% |
| Net Profit Margin | 15.2% | 15.2% | 9.5% | 9.3% | 8.4% | 2.8% | 1.0% | -11.8% | 9.1% | -12.3% | 3.5% |
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 | 4.3% | 4.3% | 2.4% | 2.2% | 1.9% | 0.7% | 0.2% | -2.8% | 2.0% | -2.8% | 0.7% |
| ROA | 2.2% | 2.2% | 1.3% | 1.2% | 1.0% | 0.3% | 0.1% | -1.3% | 0.9% | -1.3% | 0.4% |
| ROIC | 3.0% | 3.0% | 6.7% | 6.3% | 6.1% | 5.6% | 5.1% | 5.2% | 4.5% | 4.1% | 4.9% |
| ROCE | 4.0% | 4.0% | 9.1% | 8.6% | 8.1% | 7.2% | 6.6% | 6.7% | 5.9% | 5.4% | 6.3% |
PECO Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Phillips Edison & Company, Inc. carries a Debt/EBITDA ratio of 5.4x, which is highly leveraged (30% below the sector average of 7.7x). Net debt stands at $2.5B ($2.5B total debt minus $4M cash). Interest coverage of just 2.2x 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 | 0.96 | 0.96 | 0.80 | 0.78 | 0.77 | 0.81 | 1.19 | 1.14 | 1.04 | 1.22 | 0.86 |
| Debt / EBITDA | 5.36 | 5.36 | 3.18 | 3.37 | 3.39 | 3.68 | 4.57 | 4.41 | 5.78 | 6.42 | 4.31 |
| Net Debt / Equity | — | 0.96 | 0.80 | 0.78 | 0.77 | 0.77 | 1.14 | 1.13 | 1.03 | 1.22 | 0.86 |
| Net Debt / EBITDA | 5.35 | 5.35 | 3.18 | 3.36 | 3.38 | 3.51 | 4.37 | 4.37 | 5.74 | 6.40 | 4.28 |
| Debt / FCF | — | 11.75 | 8.80 | 10.59 | 10.73 | 10.15 | 15.62 | 16.17 | 23.92 | — | — |
| Interest Coverage | 2.17 | 2.17 | 1.80 | 1.84 | 1.84 | 1.37 | 0.91 | 0.87 | 0.77 | 0.50 | 1.13 |
PECO Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.66x is below 1.0, meaning current liabilities exceed current assets. The current ratio has improved from 0.40x to 0.66x 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 | 0.66 | 0.66 | 0.74 | 0.40 | 0.55 | 1.72 | 1.11 | 0.72 | 0.84 | 0.65 | 0.89 |
| Quick Ratio | 0.66 | 0.66 | 0.74 | 0.40 | 0.55 | 1.70 | 1.11 | 0.68 | 0.71 | 0.76 | 1.10 |
| Cash Ratio | 0.07 | 0.07 | 0.02 | 0.04 | 0.06 | 0.84 | 0.54 | 0.13 | 0.13 | 0.04 | 0.15 |
| Asset Turnover | — | 0.14 | 0.13 | 0.13 | 0.12 | 0.11 | 0.11 | 0.11 | 0.08 | 0.09 | 0.11 |
| Inventory Turnover | — | — | — | — | — | 101.67 | — | 26.68 | 7.63 | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
PECO Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Phillips Edison & Company, Inc. returns 2.8% to shareholders annually primarily through dividends. The payout ratio exceeds 100% at 141.3%, meaning the company is paying out more than it earns — this level is unsustainable long-term without earnings recovery. The earnings yield of 2.2% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
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% | 3.2% | 2.6% | 2.8% | 3.1% | 2.8% | — | — | — | — | — |
| Payout Ratio | 141.3% | 141.3% | 213.8% | 238.8% | 263.0% | 705.6% | 1033.8% | — | 206.3% | — | 719.5% |
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 | 2.2% | 2.5% | 1.4% | 1.3% | 1.3% | 0.4% | — | — | — | — | — |
| FCF Yield | 4.2% | 4.3% | 4.7% | 4.0% | 4.5% | 4.9% | — | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 2.0% | — | — | — | — | — |
| Total Shareholder Yield | 2.8% | 3.2% | 2.6% | 2.8% | 3.1% | 4.8% | — | — | — | — | — |
| Shares Outstanding | — | $139M | $137M | $133M | $130M | $117M | $111M | $109M | $80M | $65M | $62M |
Peer Comparison
Compare PECO 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 |
|---|---|---|---|---|---|---|---|---|---|
 PECOYou | $5B | 45.0 | 16.2 | 23.8 | -1.4% | 27.2% | 4.3% | 3.0% | 5.4 |
 KIM | $16B | 28.3 | 17.7 | 20.5 | 54.7% | 35.2% | 5.5% | 3.0% | 6.3 |
 REG | $14B | 27.6 | 20.5 | 36.2 | 44.7% | 37.0% | 7.5% | 3.5% | 6.1 |
 WHLR | $122M | -0.0 | 9.8 | 30.3 | 21.4% | 36.4% | 8.3% | 4.9% | 8.1 |
 SITC | $293M | 1.6 | 5.7 | 14.9 | -5.7% | -1.3% | 41.8% | -0.2% | 1.7 |
 SPG | $66B | 14.2 | 20.3 | — | 85.7% | 49.9% | 89.6% | 7.6% | 6.4 |
 BRX | $9B | 24.1 | 16.1 | 14.2 | 75.2% | 36.7% | 12.9% | 4.6% | 6.4 |
 AKR | $3B | 230.9 | 23.0 | 17.2 | 50.5% | 12.0% | 0.5% | 0.9% | 9.3 |
 UE | $3B | 29.8 | 16.5 | 15.2 | 8.6% | 26.8% | 6.8% | 3.2% | 6.3 |
 KR | $42B | 43.1 | 10.9 | 12.5 | 21.0% | 1.3% | 14.3% | 5.0% | 4.2 |
 WMT | $1.0T | 47.7 | 24.8 | 25.0 | 24.9% | 4.2% | 22.2% | 14.7% | 1.5 |
| Real Estate Median | — | 24.2 | 16.8 | 15.6 | 50.1% | 24.7% | 3.5% | 2.7% | 7.7 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 14 years · Updated daily
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Start ComparisonPECO — Frequently Asked Questions
Quick answers to the most common questions about buying PECO stock.
What is Phillips Edison & Company, Inc.'s P/E ratio?
Phillips Edison & Company, Inc.'s current P/E ratio is 45.0x. The historical average is 66.3x. This places it at the 25th percentile of its historical range.
What is Phillips Edison & Company, Inc.'s EV/EBITDA?
Phillips Edison & Company, Inc.'s current EV/EBITDA is 16.2x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 11.8x.
What is Phillips Edison & Company, Inc.'s ROE?
Phillips Edison & Company, Inc.'s return on equity (ROE) is 4.3%. The historical average is 0.3%.
Is PECO stock overvalued?
Based on historical data, Phillips Edison & Company, Inc. is trading at a P/E of 45.0x. This is at the 25th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Phillips Edison & Company, Inc.'s dividend yield?
Phillips Edison & Company, Inc.'s current dividend yield is 2.83% with a payout ratio of 141.3%.
What are Phillips Edison & Company, Inc.'s profit margins?
Phillips Edison & Company, Inc. has -1.4% gross margin and 27.2% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does Phillips Edison & Company, Inc. have?
Phillips Edison & Company, Inc.'s Debt/EBITDA ratio is 5.4x, indicating high leverage. A ratio above 4x may signal elevated financial risk.