Latest Ratios: P/E Ratio 626.8x · EV/EBITDA 51.0x · ROE 3.5%. (2014–2025 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 | $1.2B | $1.1B | $928M | $962M | $758M | — | — | — | — | — | — |
| Enterprise Value | $1.4B | $1.4B | $1.2B | $1.3B | $1.0B | — | — | — | — | — | — |
| P/E Ratio → | 626.79 | 592.09 | — | 80.52 | 43.67 | — | — | — | — | — | — |
| P/S Ratio | 24.90 | 23.13 | 16.15 | 32.09 | 24.77 | — | — | — | — | — | — |
| P/B Ratio | 6.59 | 6.22 | 5.11 | 4.18 | 3.48 | — | — | — | — | — | — |
| P/FCF | 468.71 | 435.36 | 72.45 | 44.01 | 65.56 | — | — | — | — | — | — |
| P/OCF | 440.18 | 408.86 | 72.02 | 44.01 | 57.68 | — | — | — | — | — | — |
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 | — | 28.80 | 20.50 | 43.21 | 33.28 | — | — | — | — | — | — |
| EV / EBITDA | 50.99 | 48.04 | — | 84.62 | 45.67 | — | — | — | — | — | — |
| EV / EBIT | 51.96 | 42.76 | — | — | — | — | — | — | — | — | — |
| EV / FCF | — | 542.12 | 91.97 | 59.26 | 88.10 | — | — | — | — | — | — |
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 | 97.8% | 97.8% | 61.1% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 99.8% | 89.5% | 97.5% |
| Operating Margin | 58.8% | 58.8% | -20.4% | 50.2% | 72.5% | 73.2% | 77.1% | 74.9% | 78.1% | 76.8% | 86.2% |
| Net Profit Margin | 13.4% | 13.4% | -68.8% | 53.0% | 68.3% | 66.6% | 68.9% | 60.9% | 77.4% | 76.8% | 86.2% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 3.5% | 3.5% | -19.2% | 7.1% | 10.5% | 10.2% | 11.0% | 9.2% | 14.5% | 11.7% | 11.6% |
| ROA | 1.3% | 1.3% | -7.1% | 2.7% | 4.3% | 4.1% | 4.9% | 5.5% | 10.1% | 9.2% | 8.8% |
| ROIC | 4.8% | 4.8% | -1.8% | 2.2% | 4.1% | 4.1% | 4.7% | 5.7% | 8.2% | 7.4% | 7.2% |
| ROCE | 6.2% | 6.2% | -2.4% | 2.9% | 5.1% | 5.3% | 6.0% | 6.8% | 11.0% | 11.2% | 10.0% |
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 | 1.59 | 1.59 | 1.48 | 1.50 | 1.31 | 1.08 | 1.71 | 0.68 | 0.52 | 0.19 | 0.30 |
| Debt / EBITDA | 9.85 | 9.85 | — | 22.60 | 12.74 | 13.21 | 13.70 | 7.33 | 3.49 | 2.07 | 2.72 |
| Net Debt / Equity | — | 1.53 | 1.38 | 1.45 | 1.20 | 0.85 | 1.48 | 0.45 | 0.52 | 0.17 | 0.24 |
| Net Debt / EBITDA | 9.46 | 9.46 | — | 21.78 | 11.68 | 10.36 | 11.79 | 4.88 | 3.48 | 1.88 | 2.21 |
| Debt / FCF | — | 106.77 | 19.52 | 15.25 | 22.54 | 5.65 | 12.59 | 4.76 | 4.98 | 1.95 | 2.08 |
| Interest Coverage | 1.25 | 1.25 | -0.42 | 0.52 | 1.03 | 1.40 | 1.81 | 2.60 | -0.02 | -0.04 | 6.21 |
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 | 0.84 | 0.84 | 0.54 | 0.33 | 1.14 | 1.79 | 5.76 | 486.66 | 76.84 | 6.39 | 4.29 |
| Quick Ratio | 0.84 | 0.84 | 0.54 | 0.33 | 1.14 | 1.79 | 5.76 | 486.66 | 76.84 | 6.39 | 4.29 |
| Cash Ratio | 0.62 | 0.62 | 0.45 | 0.13 | 0.84 | 1.67 | 0.62 | 74.39 | 0.09 | 0.09 | 0.19 |
| Asset Turnover | — | 0.10 | 0.12 | 0.05 | 0.05 | 0.05 | 0.06 | 0.07 | 0.12 | 0.09 | 0.09 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| 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 | 0.8% | 0.9% | 1.8% | 2.3% | 2.5% | — | — | — | — | — | — |
| Payout Ratio | 150.6% | 150.6% | — | 137.9% | 90.0% | 92.1% | 88.5% | 156.3% | 87.3% | 119.3% | 127.2% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 0.2% | 0.2% | — | 1.2% | 2.3% | — | — | — | — | — | — |
| FCF Yield | 0.2% | 0.2% | 1.4% | 2.3% | 1.5% | — | — | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.2% | 0.0% | 0.0% | — | — | — | — | — | — |
| Total Shareholder Yield | 0.8% | 0.9% | 1.9% | 2.3% | 2.5% | — | — | — | — | — | — |
| Shares Outstanding | — | $47M | $47M | $44M | $38M | $26M | $22M | $19M | $15M | $12M | $11M |
Includes 30+ ratios · 12 years · Updated daily
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Quick answers to the most common questions about buying SCCF stock.
Sachem Capital Corp. 7.125% Not's current P/E ratio is 626.8x. The historical average is 62.1x. This places it at the 100th percentile of its historical range.
Sachem Capital Corp. 7.125% Not's current EV/EBITDA is 51.0x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 59.4x.
Sachem Capital Corp. 7.125% Not's return on equity (ROE) is 3.5%. The historical average is 7.6%.
Based on historical data, Sachem Capital Corp. 7.125% Not is trading at a P/E of 626.8x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Sachem Capital Corp. 7.125% Not's current dividend yield is 0.82% with a payout ratio of 150.6%.
Sachem Capital Corp. 7.125% Not has 97.8% gross margin and 58.8% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
Sachem Capital Corp. 7.125% Not's Debt/EBITDA ratio is 9.8x, indicating high leverage. A ratio above 4x may signal elevated financial risk.
Key Metrics
Top Statement Risk
Chronic negative FFO and cash flow
Metrics are mathematically derived from official filings.
P/E Multiple Distorts Mortgage REIT Valuation
The reported P/E of 626.79 is an extreme outlier and is functionally meaningless for a mortgage REIT, as it reflects a near-zero earnings base rather than a genuine valuation premium or growth expectation.
The P/E ratio is catastrophically misleading for SCCF because GAAP earnings are dominated by unrealized losses on mortgage investments, not operating performance. A price-to-book ratio of 6.59 is the more relevant metric, but it appears inflated relative to the company's tangible asset base and shrinking equity. Investors should ignore the P/E entirely and focus on price-to-tangible-book and implied yields on the loan portfolio.
NOI Margin Volatility Signals Earnings Instability
NOI margin has been wildly erratic, collapsing from 100.0% in 2024Q1 to 38.1% in 2025Q3 before spiking to 98.4% in 2026Q1, indicating that FFO generation is not driven by stable, core property operations.
The extreme fluctuation in NOI margin suggests that reported income is highly sensitive to non-recurring events, mark-to-market adjustments, or changes in the composition of interest and fee income. The absence of reported NOI in multiple quarters (2024Q4, 2026Q2) alongside chronically negative FFO indicates that any periods of profitability are not sustainable and may be driven by realized gains or accounting adjustments rather than recurring net interest income.
Dividend Relies on External Capital
The FFO payout ratio was an unsustainable 116.6% in 2025Q2 and is currently undefined due to negative FFO, confirming the 7.125% coupon on SCCF notes is serviced by sources other than core operational cash flow.
With FFO and AFFO negative for multiple recent quarters, the company's ability to cover its dividend and interest payments relies entirely on drawing down cash reserves or accessing new financing. The payout ratio spikes above 100% in the few quarters where FFO is positive, demonstrating that even then, distributions exceed cash generation. This pattern warrants serious concern about the long-term sustainability of the capital structure.
Debt-to-Equity Masks True Leverage Profile
The reported D/E of 1.80 in 2026Q1 understates risk, as it compares debt to a rapidly eroding equity base and fails to account for the leverage embedded in the mortgage asset portfolio itself.
Sachem's balance sheet shows total assets have contracted 24% from their peak while equity has shrunk by 33%, yet the D/E ratio appears stable. This is an accounting illusion. The company's leverage is better assessed through the asset coverage of its debt and the credit quality of the underlying loans. The negative interest coverage ratio of -1.00 in 2026Q1 confirms that operating losses are now insufficient to service interest expenses.
Minimal Physical Assets and High Concentration Risk
Net property, plant, and equipment constitutes less than 1% of total assets at $3.0 million, confirming Sachem's portfolio is concentrated in mortgage loans rather than diversified physical properties, creating direct exposure to credit and interest rate cycles.
As a mortgage REIT, Sachem's risk profile is fundamentally different from an equity REIT. The minimal physical asset base means traditional metrics like occupancy are irrelevant. The real quality metrics are loan-to-value ratios, borrower credit quality, and interest rate sensitivity—none of which are detailed in the provided data. The high volatility in FFO and margins strongly suggests the loan portfolio is experiencing significant credit stress or rate-driven valuation swings.
P/E Ratio is the Most Misapplied Metric
The P/E ratio is the single most misapplied metric to this REIT, as it renders a nonsensical 626.79 figure from near-zero GAAP earnings, obscuring the true economic reality of a leveraged mortgage portfolio.
For mortgage REITs, the P/E ratio is deeply flawed because net income includes large, non-cash unrealized gains and losses on the loan portfolio, which are excluded from FFO. The correct alternative is to analyze price-to-tangible-book-value and the spread between the portfolio's yield and the company's cost of debt. Using P/E here creates a false impression of extreme overvaluation when the core issue is operational distress and potential portfolio impairment.