Source Capital, Inc. (SOR) Financial Ratios
30 years of historical data (1995–2024) · Financial Services · Asset Management
EV/EBITDA
↓
9.76
↓-99% vs avg
5yr avg: 659.97
30Y Low2.1·High15.8
P/FCF
N/A
—
5yr avg: N/A
30Y Low2.3·High20.7
P/B Ratio
↑
1.07
+13% vs avg
5yr avg: 0.94
30Y Low0.7·High1.1
ROE
↑
10.9%
↓+55% vs avg
5yr avg: 7.0%
30Y Low-87%·High78%
Debt/EBITDA
N/A
—
5yr avg: N/A
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
SOR Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Source Capital, Inc. trades at 9.7x earnings, roughly in line with its 5-year average of 10.0x, sitting at the 92nd percentile of its historical range. Compared to the Financial Services sector median P/E of 13.4x, the stock trades at a discount of 27%.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $382M | $356M | $333M | $323M | $362M | $336M | $328M | $279M | $350M | $311M | $573M |
| Enterprise Value | $382M | $356M | $333M | $321M | $360M | $336M | $328M | $279M | $350M | $311M | $573M |
| P/E Ratio → | 9.72 | 9.10 | 6.21 | — | 8.73 | 15.90 | 5.00 | — | 7.19 | 11.13 | — |
| P/S Ratio | 9.50 | 8.86 | 10.87 | 19.04 | 8.54 | 14.56 | 4.92 | — | 7.06 | 43.62 | 96.64 |
| P/B Ratio | 1.07 | 1.00 | 0.92 | 0.97 | 0.95 | 0.88 | 0.87 | 0.87 | 0.90 | 0.87 | 0.91 |
| P/FCF | — | — | — | — | — | — | 5.00 | — | 7.19 | 11.15 | — |
| P/OCF | — | — | — | — | — | — | 5.00 | — | 7.19 | 11.15 | — |
P/E links to full P/E history page with 30-year chart
SOR EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Source Capital, Inc.'s enterprise value stands at 9.8x EBITDA, 99% below its 5-year average of 660.0x. The Financial Services sector median is 11.4x, placing the stock at a 14% 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 | — | 8.86 | 10.86 | 18.89 | 8.49 | 14.55 | 4.92 | — | 7.06 | 43.62 | 96.64 |
| EV / EBITDA | 9.76 | 9.10 | 2606.33 | — | 8.67 | 15.79 | 5.51 | — | 7.89 | — | — |
| EV / EBIT | 9.76 | 9.10 | 20.56 | — | 8.64 | 15.79 | 5.00 | — | — | 89.24 | 3324.36 |
| EV / FCF | — | — | — | — | — | — | 5.00 | — | 7.19 | 11.15 | — |
SOR Profitability
Margins and return-on-capital ratios measuring operating efficiency
Source Capital, Inc. earns an operating margin of 97.4%, significantly above the Financial Services sector average of 21.2%. Operating margins have expanded from -158.1% to 97.4% over the past 3 years, signaling improving operational efficiency. ROE of 10.9% is modest. ROIC of 8.2% represents adequate returns on invested capital versus a sector median of 5.7%.
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 | 100.0% | 100.0% | 63.8% | 83.0% | 100.0% | 87.5% | 95.6% | 111.3% | 100.0% | 56.9% | 14.6% |
| Operating Margin | 97.4% | 97.4% | 53.3% | -158.1% | 97.9% | 92.2% | 98.4% | 103.2% | 98.2% | 48.9% | 2.9% |
| Net Profit Margin | 97.4% | 97.4% | 175.0% | -159.5% | 97.9% | 91.7% | 98.4% | 103.2% | 98.2% | 391.3% | -491.5% |
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 | 10.9% | 10.9% | 15.4% | -7.5% | 10.8% | 5.6% | 18.8% | -7.8% | 13.1% | 5.6% | -4.4% |
| ROA | 10.5% | 10.5% | 15.3% | -7.5% | 10.6% | 5.5% | 18.5% | -7.8% | 13.0% | 5.6% | -4.4% |
| ROIC | 8.2% | 8.2% | 3.5% | -5.6% | 8.1% | 4.2% | 14.1% | -5.9% | 9.8% | 0.5% | 0.0% |
| ROCE | 10.9% | 10.9% | 4.7% | -7.5% | 10.8% | 5.6% | 18.8% | -7.8% | 13.1% | 0.7% | 0.0% |
SOR Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
The company holds a net cash position — cash of $3675 exceeds total debt of $0, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | — | — | — | 0.00 | — | — | — | — | — | — | — |
| Debt / EBITDA | — | — | — | — | — | — | — | — | — | — | — |
| Net Debt / Equity | — | -0.00 | -0.00 | -0.01 | -0.01 | -0.00 | -0.00 | -0.00 | -0.00 | 0.00 | -0.00 |
| Net Debt / EBITDA | -0.00 | -0.00 | -2.76 | — | -0.05 | -0.01 | -0.00 | — | -0.00 | — | — |
| Debt / FCF | — | — | — | — | — | — | -0.00 | — | -0.00 | 0.00 | — |
| Interest Coverage | — | — | — | — | — | — | — | — | — | 0.14 | — |
Net cash position: cash ($3675) exceeds total debt ($0)
SOR Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.20x is below 1.0, meaning current liabilities exceed current assets. The current ratio has declined from 1.87x to 0.20x 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 | 0.20 | 0.20 | 2.22 | 1.87 | 0.36 | 0.58 | 0.35 | 0.48 | 2.80 | 11.44 | 5.23 |
| Quick Ratio | 0.20 | 0.20 | 2.22 | 1.87 | 0.36 | 0.58 | 0.35 | 0.48 | 2.80 | 11.44 | 5.23 |
| Cash Ratio | 0.00 | 0.00 | 0.16 | 1.14 | 0.38 | 0.04 | 0.01 | 0.00 | 0.00 | — | 0.00 |
| Asset Turnover | — | 0.11 | 0.08 | 0.05 | 0.11 | 0.06 | 0.17 | -0.08 | 0.13 | 0.02 | 0.01 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
SOR Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Source Capital, Inc. does not currently pay a dividend and has no material buyback yield, reinvesting earnings back into the business. The earnings yield of 10.3% (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 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
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 | 10.3% | 11.0% | 16.1% | — | 11.5% | 6.3% | 20.0% | — | 13.9% | 9.0% | — |
| FCF Yield | — | — | — | — | — | — | 20.0% | — | 13.9% | 9.0% | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.9% | 0.2% | 0.2% | 0.0% |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.9% | 0.2% | 0.2% | 0.0% |
| Shares Outstanding | — | $8M | $8M | $8M | $8M | $8M | $8M | $9M | $9M | $9M | $9M |
Peer Comparison
Compare SOR with 8 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 SORYou | $382M | 9.7 | 9.8 | — | 100.0% | 97.4% | 10.9% | 8.2% | — |
 GAM | $2B | 6.0 | 6.1 | — | 100.0% | 97.5% | 16.5% | 12.4% | 0.0 |
 ASA | $1B | 11.0 | 10.7 | — | 100.0% | 96.9% | 29.6% | 22.2% | — |
 BEN | $16B | 34.2 | 22.8 | 17.8 | 80.3% | 6.9% | 3.7% | 1.6% | 11.7 |
 IVZ | $12B | -17.1 | 16.5 | 8.4 | 43.2% | -10.9% | -2.0% | -2.3% | 8.2 |
 TROW | $23B | 11.5 | 7.9 | 15.6 | 62.7% | 29.9% | 17.8% | 13.3% | 0.3 |
 AMG | $8B | 13.5 | 10.8 | 8.1 | 86.0% | 31.8% | 15.8% | 8.1% | 2.8 |
 CSWC | $1B | 16.5 | 27.6 | — | 66.5% | 48.5% | 8.6% | 3.5% | 11.2 |
 GAIN | $665M | 9.4 | 16.9 | 5.8 | 68.6% | 72.7% | 13.2% | 5.3% | 7.0 |
| Financial Services Median | — | 13.4 | 11.4 | 10.6 | 63.4% | 21.2% | 9.4% | 5.7% | 4.1 |
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Quick answers to the most common questions about buying SOR stock.
What is Source Capital, Inc.'s P/E ratio?
Source Capital, Inc.'s current P/E ratio is 9.7x. The historical average is 4.9x. This places it at the 92th percentile of its historical range.
What is Source Capital, Inc.'s EV/EBITDA?
Source Capital, Inc.'s current EV/EBITDA is 9.8x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 5.7x.
What is Source Capital, Inc.'s ROE?
Source Capital, Inc.'s return on equity (ROE) is 10.9%. The historical average is 20.0%.
Is SOR stock overvalued?
Based on historical data, Source Capital, Inc. is trading at a P/E of 9.7x. This is at the 92th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What are Source Capital, Inc.'s profit margins?
Source Capital, Inc. has 100.0% gross margin and 97.4% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.