Latest Ratios: P/E Ratio 0.3x · EV/EBITDA N/A · ROE 41.8%. (1996–2025 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 | $35M | $337M | $804M | $2.9B | $2.9B | $3.3B | $2.0B | $2.6B | $2.0B | $2.7B | $4.6B |
| Enterprise Value | $-9738784 | $292M | $1.1B | $3.9B | $4.6B | $4.9B | $4.0B | $4.4B | $4.0B | $6.5B | $9.1B |
| P/E Ratio → | 0.27 | 1.89 | 1.56 | 11.24 | 18.71 | 31.04 | 54.70 | 25.49 | — | — | 76.97 |
| P/S Ratio | 0.67 | 2.73 | 2.90 | 6.31 | 6.10 | 6.21 | 4.26 | 5.07 | 3.12 | 3.09 | 4.75 |
| P/B Ratio | 0.10 | 1.01 | 1.56 | 1.31 | 1.40 | 1.62 | 1.01 | 1.30 | 0.99 | 0.94 | 1.42 |
| P/FCF | — | 17.17 | 14.34 | 11.98 | 11.36 | 11.72 | 10.31 | 14.29 | 7.71 | 6.62 | 9.95 |
| P/OCF | 1.79 | 17.17 | 7.00 | 11.98 | 11.36 | 11.72 | 10.31 | 8.89 | 7.71 | 6.62 | 9.95 |
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 | — | 2.37 | 3.79 | 8.69 | 9.62 | 9.28 | 8.60 | 8.69 | 6.13 | 7.36 | 9.36 |
| EV / EBITDA | — | 6.75 | 7.80 | 13.57 | 15.13 | 15.22 | 14.72 | 14.25 | 11.87 | 6.58 | 8.38 |
| EV / EBIT | — | 1.51 | 1.79 | 12.61 | 21.33 | 24.32 | 34.34 | 23.53 | 15.55 | 26.23 | 32.33 |
| EV / FCF | — | 14.88 | 18.75 | 16.48 | 17.91 | 17.51 | 20.82 | 24.51 | 15.17 | 15.77 | 19.60 |
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 | -5.7% | -5.7% | 65.5% | 68.2% | 67.7% | 71.3% | 69.9% | 72.5% | 68.2% | 71.5% | 71.4% |
| Operating Margin | -1.3% | -1.3% | 12.0% | 17.1% | 21.1% | 26.1% | 21.4% | 28.4% | 14.7% | 72.4% | 71.4% |
| Net Profit Margin | 144.4% | 144.4% | 191.7% | 58.7% | 35.2% | 23.4% | 7.8% | 19.9% | -16.7% | -27.5% | 6.2% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 41.8% | 41.8% | 39.5% | 12.5% | 8.2% | 6.3% | 1.8% | 5.0% | -4.4% | -7.9% | 1.8% |
| ROA | 26.3% | 26.3% | 21.3% | 6.6% | 4.2% | 3.1% | 0.9% | 2.4% | -1.9% | -3.1% | 0.7% |
| ROIC | -0.2% | -0.2% | 1.2% | 1.7% | 2.0% | 2.7% | 1.9% | 2.7% | 1.3% | 6.7% | 6.4% |
| ROCE | -0.3% | -0.3% | 1.4% | 2.0% | 2.7% | 3.7% | 2.6% | 3.6% | 1.7% | 8.4% | 8.1% |
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 | 0.22 | 0.22 | 0.58 | 0.75 | 0.82 | 0.82 | 1.06 | 0.93 | 0.96 | 1.33 | 1.38 |
| Debt / EBITDA | 1.72 | 1.72 | 2.24 | 5.61 | 5.60 | 5.16 | 7.69 | 5.99 | 5.87 | 3.91 | 4.15 |
| Net Debt / Equity | — | -0.13 | 0.48 | 0.49 | 0.81 | 0.80 | 1.03 | 0.93 | 0.95 | 1.30 | 1.38 |
| Net Debt / EBITDA | -1.04 | -1.04 | 1.83 | 3.71 | 5.54 | 5.03 | 7.43 | 5.94 | 5.83 | 3.82 | 4.13 |
| Debt / FCF | — | -2.28 | 4.40 | 4.50 | 6.56 | 5.79 | 10.51 | 10.21 | 7.45 | 9.15 | 9.64 |
| Interest Coverage | 12.60 | 12.60 | 9.85 | 3.80 | 2.78 | 2.66 | 1.49 | 2.21 | 1.83 | 1.31 | 1.29 |
Net cash position: cash ($119M) exceeds total debt ($74M)
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 | 36.38 | 36.38 | 0.88 | 2.59 | 0.42 | 0.47 | 0.69 | 0.37 | 6.42 | 7.12 | 8.02 |
| Quick Ratio | 36.38 | 36.38 | 0.88 | 2.59 | 0.42 | 0.47 | 0.69 | 0.37 | 6.42 | 7.32 | 8.46 |
| Cash Ratio | 31.67 | 31.67 | 0.47 | 2.12 | 0.08 | 0.17 | 0.30 | 0.06 | 0.24 | 1.18 | 0.40 |
| Asset Turnover | — | 0.29 | 0.30 | 0.11 | 0.12 | 0.13 | 0.11 | 0.12 | 0.16 | 0.12 | 0.12 |
| 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 | 100.0% | 100.0% | 15.9% | 4.2% | 4.1% | 3.0% | 5.0% | 7.0% | 13.8% | 11.3% | 6.4% |
| Payout Ratio | 200.0% | 200.0% | — | 45.4% | 71.1% | 79.7% | 275.3% | — | — | — | 489.7% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 100.0% | 52.8% | 63.9% | 8.9% | 5.3% | 3.2% | 1.8% | 3.9% | — | — | 1.3% |
| FCF Yield | — | 5.8% | 7.0% | 8.3% | 8.8% | 8.5% | 9.7% | 7.0% | 13.0% | 15.1% | 10.0% |
| Buyback Yield | 0.0% | 0.0% | 22.4% | 1.0% | 1.4% | 4.5% | 0.4% | 8.3% | 1.8% | 0.0% | 0.0% |
| Total Shareholder Yield | 100.0% | 100.0% | 38.3% | 5.2% | 5.6% | 7.5% | 5.4% | 15.4% | 15.6% | 11.3% | 6.4% |
| Shares Outstanding | — | $52M | $53M | $52M | $53M | $52M | $48M | $46M | $46M | $46M | $46M |
Includes 30+ ratios · 30 years · Updated daily
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Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying SITC stock.
SITE Centers Corp.'s current P/E ratio is 0.3x. The historical average is 21.7x.
SITE Centers Corp.'s return on equity (ROE) is 41.8%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 6.9%.
Based on historical data, SITE Centers Corp. is trading at a P/E of 0.3x. Compare with industry peers and growth rates for a complete picture.
SITE Centers Corp.'s current dividend yield is 100.00% with a payout ratio of 200.0%.
SITE Centers Corp. has -5.7% gross margin and -1.3% operating margin.
SITE Centers Corp.'s Debt/EBITDA ratio is 1.7x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.
Key Metrics
Top Statement Risk
Shrinking base obscures earnings power
Metrics are mathematically derived from official filings.
Nominal Multiples Mask Collapsing Earnings Base
Based on reported figures, SITC trades at a P/E of 0.20 and P/B of 0.10, yet P/FFO is unavailable since FFO per share turned negative at -$0.06 in 2026Q3, leaving standard earnings multiples uninterpretable for valuation purposes.
The low P/E and P/B ratios appear to reflect a sharply reduced reporting perimeter rather than a bargain, since quarterly revenue and total assets have fallen roughly 92 to 93 percent since 2024. With negative FFO in the latest quarter, a REIT-specific cap rate or P/FFO comparison cannot be reliably constructed, and investors should monitor whether the shrinking base stabilizes before attributing meaning to these multiples. The EV/EBITDA of -0.23 is likewise distorted by near-zero debt and negative operating earnings, and should be treated as non-informative.
NOI Margins Volatile on Shrinking Base
As reported in the ratio series, SITC's NOI margin moved from 69.4% in 2024Q2 to negative 17.8% in 2026Q2 before recovering to 15.0% in 2026Q3, a swing that reflects a diminished portfolio rather than an established operating trend.
Margins in the 65 to 72 percent range through 2025 gave way to negative readings in 2026, which suggests the remaining properties and the cost base no longer align with the earlier portfolio structure. The 2026Q3 rebound to 15.0% rests on a single quarter with minimal NOI, so it does not yet establish recovery. FFO growth of negative 164.3 percent in the latest quarter indicates that earnings decline is continuing even as the margin optics improve.
Distributions Outrun Recurring Cash Earnings
Based on the reported ratio data, the FFO payout ratio was 74.1 percent in 2025Q4 and 54.3 percent in 2025Q3, but FFO per share turned negative in 2026Q3, leaving the 29.8 percent dividend yield unsupported by recurring earnings.
A 100 percent implied yield in the header data is not a reliable signal and likely reflects a distorted price or dividend reporting base rather than a sustainable return. Payout ratios cannot be meaningfully computed in the quarters where FFO is negative, and the apparent coverage in 2024 and 2025 occurred against a far larger asset base. Investors should monitor whether distributions are being funded from disposal proceeds or balance sheet reductions, since operating cash flow has been negative in recent quarters.
Near-Zero Debt Reflects Shrinkage
According to reported ratio figures, SITC's debt-to-equity fell from 0.65 in 2024Q2 to 0.00 in 2026Q3, while interest coverage has swung between negative and roughly 20 times, indicating that deleveraging has been achieved largely through asset disposals.
The move from roughly 1.5 billion dollars of debt to nil appears to be a function of portfolio liquidation, so the lower leverage does not necessarily reflect improved financial health on a per-asset basis. Interest coverage readings are erratic and largely unusable because interest expense is minimal and operating earnings are volatile. Investors should monitor the remaining liabilities and any future financing needs, since a small earnings base offers limited capacity to absorb new obligations.
Misapplying P/E to a Disposal-Driven REIT
The ratio most commonly misapplied to SITC is the standard P/E, which is distorted by large disposal gains and losses, obscuring that GAAP net income swung from $323.0M in 2024Q3 to negative $5.4M in 2026Q3 without reflecting recurring economics.
Standard P/E treats one-time gains on property sales as recurring earnings, which for SITC likely inflates earlier earnings and makes the current 0.20 multiple misleading. A more appropriate framework is P/FFO or P/AFFO applied to a normalized, post-disposal earnings base, combined with an implied cap rate on the remaining portfolio. Until the reporting perimeter stabilizes, any valuation conclusion drawn from these ratios warrants further investigation rather than acceptance at face value.