Paramount Group, Inc. (PGRE) Financial Ratios
13 years of historical data (2012–2024) · Real Estate · REIT - Office
EV/EBITDA
↑
12.29
+12% vs avg
5yr avg: 10.97
30Y Low7.4·High18.7
P/FCF
↓
5.53
↓-36% vs avg
5yr avg: 8.70
30Y Low4.1·High13.8
P/B Ratio
↓
0.36
+5% vs avg
5yr avg: 0.34
30Y Low0.3·High0.7
ROE
↓
-1.2%
↓+35% vs avg
5yr avg: -1.8%
30Y Low-6%·High9%
Debt/EBITDA
↑
9.48
+9% vs avg
5yr avg: 8.72
30Y Low1.5·High9.8
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
PGRE Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Paramount Group, Inc. currently has a negative P/E ratio, indicating the company is operating at a loss on a trailing-twelve-month basis. On a free-cash-flow basis, the stock trades at 5.5x P/FCF, 36% below the 5-year average of 8.7x.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $1.5B | $1.1B | $1.1B | $1.3B | $1.8B | $2.0B | $3.2B | $3.0B | $3.7B | $3.5B | $3.8B |
| Enterprise Value | $4.8B | $4.4B | $4.5B | $4.7B | $5.1B | $5.4B | $6.7B | $6.2B | $7.1B | $6.9B | $6.7B |
| P/E Ratio → | -31.43 | — | — | — | 887.23 | — | — | 328.80 | 42.84 | — | — |
| P/S Ratio | 1.93 | 1.42 | 1.51 | 1.78 | 2.51 | 2.82 | 4.19 | 3.96 | 5.21 | 5.10 | 5.80 |
| P/B Ratio | 0.36 | 0.27 | 0.28 | 0.30 | 0.41 | 0.45 | 0.70 | 0.62 | 0.75 | 0.71 | 0.72 |
| P/FCF | 5.53 | 4.05 | 6.32 | 10.88 | 13.79 | 8.47 | 9.83 | 8.50 | 7.77 | — | — |
| P/OCF | 5.53 | 4.05 | 4.04 | 5.33 | 7.47 | 8.47 | 11.29 | 19.22 | 19.71 | 24.04 | — |
P/E links to full P/E history page with 30-year chart
PGRE EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Paramount Group, Inc.'s enterprise value stands at 12.3x EBITDA, 12% above its 5-year average of 11.0x. The Real Estate sector median is 17.0x, placing the stock at a 28% discount on an enterprise-value basis.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 5.78 | 6.05 | 6.41 | 7.06 | 7.53 | 8.76 | 8.22 | 9.83 | 10.12 | 10.12 |
| EV / EBITDA | 12.29 | 11.28 | 11.62 | 11.76 | 12.77 | 7.42 | 9.17 | 8.75 | 9.86 | 10.75 | 18.35 |
| EV / EBIT | 32.14 | 36.35 | — | 42.08 | 37.05 | 43.96 | 47.49 | 40.71 | 28.86 | 46.07 | 35.37 |
| EV / FCF | — | 16.51 | 25.36 | 39.28 | 38.81 | 22.66 | 20.55 | 17.62 | 14.66 | — | — |
PGRE Profitability
Margins and return-on-capital ratios measuring operating efficiency
Paramount Group, Inc. earns an operating margin of 19.6%, below the Real Estate sector average of 24.8%. Operating margins have compressed from 23.1% to 19.6% over the past 3 years, signaling potential cost pressures or competitive headwinds. A negative ROE of -1.2% 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 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 60.0% | 60.0% | 26.7% | 62.5% | 63.5% | 62.5% | 64.3% | 63.9% | 63.0% | 63.4% | 63.1% |
| Operating Margin | 19.6% | 19.6% | 18.3% | 23.1% | 23.4% | 16.9% | 20.7% | 16.0% | 17.1% | 15.8% | 10.7% |
| Net Profit Margin | -6.1% | -6.1% | -35.0% | -4.9% | -2.8% | -2.0% | -3.8% | 1.2% | 12.0% | -1.5% | -0.7% |
Return on Capital
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -1.2% | -1.2% | -6.2% | -0.8% | -0.5% | -0.3% | -0.6% | 0.2% | 1.7% | -0.2% | -0.1% |
| ROA | -0.6% | -0.6% | -3.2% | -0.4% | -0.2% | -0.2% | -0.3% | 0.1% | 1.0% | -0.1% | -0.0% |
| ROIC | 1.5% | 1.5% | 1.3% | 1.6% | 1.6% | 1.1% | 1.5% | 1.1% | 1.1% | 1.0% | 0.7% |
| ROCE | 1.9% | 1.9% | 1.7% | 2.1% | 2.0% | 1.4% | 1.8% | 1.4% | 1.4% | 1.3% | 0.8% |
PGRE Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Paramount Group, Inc. carries a Debt/EBITDA ratio of 9.5x, which is highly leveraged (20% above the sector average of 7.9x). Net debt stands at $3.3B ($3.7B total debt minus $375M cash). Interest coverage of just 0.8x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.92 | 0.92 | 0.95 | 0.87 | 0.86 | 0.84 | 0.83 | 0.73 | 0.71 | 0.74 | 0.57 |
| Debt / EBITDA | 9.48 | 9.48 | 9.83 | 9.52 | 9.54 | 5.24 | 5.20 | 5.00 | 4.94 | 5.59 | 8.23 |
| Net Debt / Equity | — | 0.82 | 0.84 | 0.78 | 0.74 | 0.75 | 0.76 | 0.66 | 0.66 | 0.70 | 0.54 |
| Net Debt / EBITDA | 8.51 | 8.51 | 8.73 | 8.50 | 8.23 | 4.64 | 4.79 | 4.53 | 4.63 | 5.33 | 7.84 |
| Debt / FCF | — | 12.46 | 19.03 | 28.40 | 25.02 | 14.19 | 10.72 | 9.12 | 6.89 | — | — |
| Interest Coverage | 0.77 | 0.77 | -1.52 | 0.78 | 0.98 | 0.91 | 1.03 | 1.12 | 1.85 | 1.00 | 1.13 |
PGRE Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Paramount Group, Inc.'s current ratio of 7.76x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The current ratio has improved from 5.81x to 7.76x over the past 3 years.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 7.76 | 7.76 | 7.16 | 5.81 | 6.60 | 6.99 | 5.72 | 4.35 | 2.87 | 1.86 | 1.57 |
| Quick Ratio | 7.76 | 7.76 | 7.16 | 5.81 | 6.60 | 6.99 | 5.72 | 4.46 | 2.93 | 1.86 | 1.57 |
| Cash Ratio | 3.13 | 3.13 | 3.49 | 2.90 | 3.94 | 3.66 | 2.15 | 2.26 | 1.29 | 0.42 | 0.82 |
| Asset Turnover | — | 0.10 | 0.09 | 0.09 | 0.09 | 0.08 | 0.09 | 0.09 | 0.08 | 0.08 | 0.08 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
PGRE Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Paramount Group, Inc. returns 1.6% to shareholders annually — split between a 1.6% dividend yield and 0.0% buyback yield.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 1.6% | 2.1% | 4.7% | 5.6% | 3.7% | 4.9% | 3.2% | 3.5% | 2.7% | 2.9% | 2.2% |
| Payout Ratio | — | — | — | — | — | — | — | 1148.5% | 116.7% | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | 0.1% | — | — | 0.3% | 2.3% | — | — |
| FCF Yield | 18.1% | 24.7% | 15.8% | 9.2% | 7.3% | 11.8% | 10.2% | 11.8% | 12.9% | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.2% | 4.8% | 0.0% | 6.0% | 3.0% | 3.4% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 1.6% | 2.1% | 4.9% | 10.4% | 3.7% | 10.9% | 6.2% | 6.9% | 2.7% | 2.9% | 2.2% |
| Shares Outstanding | — | $217M | $217M | $221M | $219M | $222M | $232M | $240M | $236M | $218M | $212M |
Peer Comparison
Compare PGRE 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 |
|---|---|---|---|---|---|---|---|---|---|
 PGREYou | $1B | -31.4 | 12.3 | 5.5 | 60.0% | 19.6% | -1.2% | 1.5% | 9.5 |
 SLG | $4B | -42.8 | 27.6 | 44.1 | 34.1% | 15.4% | -2.0% | 1.1% | 19.5 |
 BXP | $10B | 37.2 | 9.2 | 14.9 | 60.6% | 55.7% | 3.5% | 6.1% | 6.1 |
 HIW | $3B | 20.2 | 13.6 | 19.4 | 67.6% | 26.0% | 6.6% | 2.7% | 7.2 |
 CUZ | $5B | 117.8 | 13.0 | 34.5 | 26.5% | 22.4% | 0.8% | 2.0% | 5.8 |
 PDM | $1B | -13.3 | 11.1 | — | -20.7% | 14.1% | -5.4% | 1.5% | 7.4 |
 DEA | $1B | 79.9 | 13.8 | 4.1 | -0.9% | 24.9% | 0.9% | 2.1% | 8.5 |
 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 |
 ESRT | $891M | 29.1 | 9.6 | 17.6 | 1.8% | 17.7% | 2.6% | 2.6% | 7.4 |
 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 · 13 years · Updated daily
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PGRE — Frequently Asked Questions
Quick answers to the most common questions about buying PGRE stock.
What is Paramount Group, Inc.'s P/E ratio?
Paramount Group, Inc.'s current P/E ratio is -31.4x. The historical average is 27.5x.
What is Paramount Group, Inc.'s EV/EBITDA?
Paramount Group, Inc.'s current EV/EBITDA is 12.3x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 11.9x.
What is Paramount Group, Inc.'s ROE?
Paramount Group, Inc.'s return on equity (ROE) is -1.2%. The historical average is 0.1%.
Is PGRE stock overvalued?
Based on historical data, Paramount Group, Inc. is trading at a P/E of -31.4x. Compare with industry peers and growth rates for a complete picture.
What is Paramount Group, Inc.'s dividend yield?
Paramount Group, Inc.'s current dividend yield is 1.59%.
What are Paramount Group, Inc.'s profit margins?
Paramount Group, Inc. has 60.0% gross margin and 19.6% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does Paramount Group, Inc. have?
Paramount Group, Inc.'s Debt/EBITDA ratio is 9.5x, indicating high leverage. A ratio above 4x may signal elevated financial risk.