Latest Ratios: P/E Ratio -13.9x · EV/EBITDA 19.9x · ROE -31.9%. (2013–2025 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 | $781M | $528M | $403M | $717M | — | — | — | — | — | — | — |
| Enterprise Value | $1.1B | $865M | $1.7B | $1.8B | — | — | — | — | — | — | — |
| P/E Ratio → | -13.90 | — | — | — | — | — | — | — | — | — | — |
| P/S Ratio | 7.37 | 4.98 | 1.77 | 2.82 | — | — | — | — | — | — | — |
| P/B Ratio | 0.99 | 0.68 | 0.35 | 0.60 | — | — | — | — | — | — | — |
| P/FCF | 11.36 | 7.68 | 4.25 | 8.05 | — | — | — | — | — | — | — |
| P/OCF | 11.36 | 7.68 | 4.25 | 8.05 | — | — | — | — | — | — | — |
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 | — | 8.16 | 7.43 | 7.17 | — | — | — | — | — | — | — |
| EV / EBITDA | 19.88 | 15.39 | 11.55 | 11.56 | — | — | — | — | — | — | — |
| EV / EBIT | 278.19 | — | 32.73 | — | — | — | — | — | — | — | — |
| EV / FCF | — | 12.58 | 17.90 | 20.46 | — | — | — | — | — | — | — |
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 | 86.5% | 86.5% | 80.8% | 79.4% | 77.6% | 76.8% | 74.8% | 74.9% | 83.5% | 84.4% | 81.7% |
| Operating Margin | 3.8% | 3.8% | 22.7% | 17.9% | 22.1% | 22.2% | 63.0% | 66.4% | 17.9% | 24.8% | 18.4% |
| Net Profit Margin | -290.3% | -290.3% | -4.6% | -216.5% | -96.4% | 2.5% | -1.1% | 8.6% | -3.1% | 10.4% | -9.7% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -31.9% | -31.9% | -0.9% | -34.5% | -17.9% | 0.5% | -0.2% | 2.7% | -0.6% | 1.9% | -1.5% |
| ROA | -15.3% | -15.3% | -0.4% | -17.1% | -9.0% | 0.2% | -0.1% | 1.2% | -0.3% | 0.9% | -0.7% |
| ROIC | 0.2% | 0.2% | 1.6% | 1.2% | 1.7% | 1.7% | 4.8% | 7.9% | 1.4% | 2.0% | 1.2% |
| ROCE | 0.2% | 0.2% | 1.9% | 1.4% | 2.1% | 2.2% | 6.0% | 9.7% | 1.7% | 2.3% | 1.4% |
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 | 0.61 | 0.61 | 1.25 | 1.24 | 0.77 | 1.04 | 1.29 | 1.10 | 0.87 | 0.81 | 0.80 |
| Debt / EBITDA | 8.46 | 8.46 | 9.80 | 9.50 | 5.42 | 8.39 | 6.64 | 6.16 | 1.74 | 4.46 | 6.52 |
| Net Debt / Equity | — | 0.43 | 1.12 | 0.92 | 0.65 | 0.98 | 1.19 | 1.07 | 0.82 | 0.75 | 0.71 |
| Net Debt / EBITDA | 5.99 | 5.99 | 8.80 | 7.01 | 4.59 | 7.84 | 6.14 | 6.00 | 1.63 | 4.15 | 5.82 |
| Debt / FCF | — | 4.90 | 13.65 | 12.41 | — | 13.47 | 12.71 | 92.67 | 11.17 | 11.30 | 24.82 |
| Interest Coverage | -0.06 | -0.06 | 0.83 | -8.22 | -4.20 | 1.14 | 1.13 | 1.41 | 1.40 | 3.86 | 0.41 |
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 | 7.43 | 7.43 | 5.00 | 10.92 | 3.60 | 3.40 | 5.40 | 2.88 | 1.85 | 2.09 | 1.66 |
| Quick Ratio | 7.43 | 7.43 | 5.00 | 10.92 | 0.80 | 3.40 | 5.40 | 2.88 | 1.98 | 2.21 | 29.76 |
| Cash Ratio | 6.26 | 6.26 | 3.41 | 8.32 | 2.48 | 1.94 | 3.01 | 0.84 | 0.72 | 1.00 | 1.19 |
| Asset Turnover | — | 0.08 | 0.09 | 0.09 | 0.11 | 0.09 | 0.09 | 0.09 | 0.09 | 0.09 | 0.05 |
| Inventory Turnover | — | — | — | — | 0.35 | — | — | — | — | — | — |
| 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 | 3.7% | 5.5% | 8.2% | 5.7% | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | 721.3% | — | 273.3% | — | 639.8% | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | — | — | — | — | — | — |
| FCF Yield | 8.8% | 13.0% | 23.5% | 12.4% | — | — | — | — | — | — | — |
| Buyback Yield | 0.2% | 0.2% | 0.3% | 1.0% | — | — | — | — | — | — | — |
| Total Shareholder Yield | 3.9% | 5.7% | 8.5% | 6.7% | — | — | — | — | — | — | — |
| Shares Outstanding | — | $37M | $36M | $36M | $36M | $34M | $230M | $222M | $17M | $17M | $17M |
Portfolio liquidation and volatility
According to recent market data, PKST's P/FFO remains difficult to calculate due to extreme earnings volatility, while the P/B ratio of 0.99 suggests the market is pricing the company at a slight discount to its net asset value during this aggressive portfolio liquidation phase.
The lack of a stable P/FFO multiple reflects the market's inability to anchor valuation on core earnings while the company sheds legacy office assets. Investors should monitor whether the current discount to book value persists as the portfolio composition shifts toward industrial assets, which typically command higher valuation multiples.
Based on quarterly financial reports, PKST's NOI margin has exhibited extreme swings, reaching 89.9% in 2026Q1, which suggests that property-level profitability is currently being distorted by the timing of asset dispositions rather than reflecting sustainable operational efficiency across the remaining portfolio.
The high gross margin inherent in the triple-net lease structure is currently offset by the overhead costs of a shrinking entity. Analysts should interpret these margin fluctuations as a symptom of the ongoing transition rather than a reliable indicator of long-term property-level performance.
As reported in recent financial statements, PKST has achieved a debt-free balance sheet as of 2026Q1, representing a radical departure from the 1.24x debt-to-equity ratio observed in 2023Q4 and signaling a prioritization of capital preservation over external growth through leverage.
This transition to a debt-free status significantly reduces interest rate sensitivity and refinancing risk, which is a notable defensive posture in the current environment. However, the lack of leverage may also limit the company's ability to pursue accretive acquisitions until the portfolio stabilization is complete.
The most commonly misapplied metric for PKST is the standard P/E ratio, which fails to account for the significant non-cash depreciation and impairment charges that currently distort the company's GAAP net income, rendering it an unreliable indicator of true operational performance.
Investors should instead focus on FFO and AFFO, which adjust for these non-cash items to provide a clearer view of cash-generating capacity. Relying on P/E in this context obscures the underlying cash flow reality and may lead to an inaccurate assessment of the company's valuation relative to its peers.
Includes 30+ ratios · 13 years · Updated daily
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Quick answers to the most common questions about buying PKST stock.
Peakstone Realty Trust's current P/E ratio is -13.9x. This places it at the 50th percentile of its historical range.
Peakstone Realty Trust's current EV/EBITDA is 19.9x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 12.8x.
Peakstone Realty Trust's return on equity (ROE) is -31.9%. The historical average is -6.9%.
Based on historical data, Peakstone Realty Trust is trading at a P/E of -13.9x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Peakstone Realty Trust's current dividend yield is 3.74%.
Peakstone Realty Trust has 86.5% gross margin and 3.8% operating margin.
Peakstone Realty Trust's Debt/EBITDA ratio is 8.5x, indicating high leverage. A ratio above 4x may signal elevated financial risk.