Latest Ratios: P/E Ratio -6.0x · EV/EBITDA 30.6x · ROE -6.8%. (1996–2024 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $93M | $137M | $90M | $114M | $132M | $53M | $132M | $55M | $83M | $105M | $105M |
| Enterprise Value | $106M | $155M | $56M | $94M | $120M | $33M | $94M | $-8375180 | $68M | $196M | $219M |
| P/E Ratio → | -5.96 | — | 66.23 | — | 17.37 | 150.00 | — | 0.47 | — | — | — |
| P/S Ratio | 3.57 | 3.70 | 1.68 | 1.74 | 1.82 | 0.93 | 1.16 | 0.38 | 0.31 | 0.09 | 0.06 |
| P/B Ratio | 0.42 | 0.44 | 0.27 | 0.34 | 0.35 | 0.14 | 0.36 | 0.14 | 0.30 | 0.32 | 0.28 |
| P/FCF | — | — | 3.48 | 3.79 | — | — | — | — | — | 1.05 | — |
| P/OCF | — | — | 3.45 | 3.73 | — | — | — | — | — | 1.05 | — |
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 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 4.17 | 1.04 | 1.43 | 1.65 | 0.58 | 0.83 | -0.06 | 0.25 | 0.17 | 0.12 |
| EV / EBITDA | 30.59 | 31.54 | 2.78 | 5.03 | 4.03 | 1.41 | — | — | — | — | — |
| EV / EBIT | — | — | 4.78 | — | 6.04 | 2.64 | — | -0.05 | — | 27.04 | — |
| EV / FCF | — | — | 2.16 | 3.11 | — | — | — | — | — | 1.97 | — |
Margins and return-on-capital ratios measuring operating efficiency
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 | 38.3% | 38.3% | 52.6% | 38.4% | 43.0% | 30.7% | 6.0% | 3.3% | 11.8% | 6.5% | 6.2% |
| Operating Margin | -7.2% | -7.2% | 23.1% | 11.6% | 25.5% | 21.8% | -20.2% | -38.4% | -11.3% | -3.1% | -3.3% |
| Net Profit Margin | -58.3% | -58.3% | 2.5% | -36.7% | 10.6% | 0.6% | -16.4% | 80.3% | -17.5% | -2.2% | -29.2% |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -6.8% | -6.8% | 0.4% | -6.9% | 2.1% | 0.1% | -4.9% | 35.0% | -15.4% | -7.4% | -89.7% |
| ROA | -4.9% | -4.9% | 0.3% | -4.9% | 1.5% | 0.1% | -3.7% | 26.1% | -9.0% | -3.2% | -38.6% |
| ROIC | -0.6% | -0.6% | 2.5% | 1.4% | 3.3% | 2.3% | -4.3% | -11.4% | -5.2% | -4.4% | -4.3% |
| ROCE | -0.6% | -0.6% | 2.9% | 1.6% | 3.7% | 2.5% | -4.8% | -14.4% | -8.2% | -7.2% | -6.4% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.12 | 0.12 | 0.13 | 0.13 | 0.11 | 0.12 | 0.11 | 0.01 | 0.21 | 0.64 | 0.84 |
| Debt / EBITDA | 7.45 | 7.45 | 2.18 | 2.32 | 1.43 | 1.88 | — | — | — | — | — |
| Net Debt / Equity | — | 0.06 | -0.10 | -0.06 | -0.03 | -0.05 | -0.10 | -0.16 | -0.05 | 0.28 | 0.31 |
| Net Debt / EBITDA | 3.57 | 3.57 | -1.69 | -1.09 | -0.42 | -0.86 | — | — | — | — | — |
| Debt / FCF | — | — | -1.32 | -0.68 | — | — | — | — | — | 0.92 | — |
| Interest Coverage | -6.63 | -6.63 | 6.78 | -12.24 | 10.07 | 6.94 | -15.25 | 91.96 | -3.69 | 0.30 | -12.02 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 4.56 | 4.56 | 8.00 | 4.18 | 11.80 | 8.01 | 5.46 | 3.75 | 1.61 | 1.87 | 1.90 |
| Quick Ratio | 4.56 | 4.56 | 8.00 | 4.18 | 11.80 | 8.01 | 5.46 | 3.75 | 1.61 | 1.87 | 1.90 |
| Cash Ratio | 0.50 | 0.50 | 3.80 | 1.48 | 4.44 | 3.94 | 3.94 | 2.49 | 0.81 | 0.56 | 0.48 |
| Asset Turnover | — | 0.08 | 0.12 | 0.14 | 0.14 | 0.11 | 0.23 | 0.29 | 0.68 | 1.77 | 1.81 |
| 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 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | 250.4% | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | 1.5% | — | 5.8% | 0.7% | — | 212.9% | — | — | — |
| FCF Yield | — | — | 28.8% | 26.4% | — | — | — | — | — | 95.3% | — |
| Buyback Yield | 0.0% | — | — | — | — | — | — | — | — | — | — |
| Total Shareholder Yield | 0.0% | — | — | — | — | — | — | — | — | — | — |
| Shares Outstanding | — | $15M | $15M | $15M | $15M | $13M | $13M | $13M | $13M | $13M | $13M |
Operator solvency and production
As reported in financial statements, SRL trades at a P/B of 0.42 and a negative P/E, suggesting that the market assigns little value to the company's underlying royalty assets compared to the 18x-26x EV/EBITDA multiples commanded by pure-play royalty peers like Royal Gold or Wheaton Precious Metals.
The current valuation appears to reflect a deep conglomerate discount, likely driven by the market's skepticism regarding the merchant banking and industrial segments. Investors should monitor whether a potential divestment of non-core assets could catalyze a re-rating toward the higher multiples observed in the broader royalty sector.
Based on recent quarterly data, ROIC has struggled to maintain positive territory, fluctuating near 0.2% in 2025Q2, which indicates that the company is failing to generate meaningful returns on its invested capital compared to the double-digit ROIC figures typically seen in high-margin royalty businesses.
The inability to consistently compound capital suggests that the industrial and merchant banking arms are diluting the returns generated by the high-quality Scully mine interest. This trend warrants further investigation into whether management's capital allocation strategy is fundamentally misaligned with the company's core competitive advantage.
According to historical filings, asset turnover has remained stagnant at approximately 0.04 to 0.06, reflecting a lack of operational velocity that contrasts sharply with the efficient, low-overhead models of pure-play royalty competitors that do not carry the burden of industrial inventory or complex merchant banking receivables.
The low asset turnover suggests that the company's capital is trapped in underperforming industrial assets rather than being deployed into high-velocity royalty streams. This inefficiency appears to be a structural drag on the firm's ability to convert revenue into sustainable cash flow.
As indicated by a debt-to-equity ratio of 0.13, the company maintains a conservative balance sheet, yet the 9.87x debt-to-EBITDA ratio as of 2025Q2 suggests that even modest debt levels are becoming difficult to service given the current volatility in operating earnings.
While the low debt load provides a buffer against immediate insolvency, the interest coverage ratio has frequently dipped into negative territory, indicating that the company's debt service capacity is highly sensitive to operational disruptions. Investors should monitor the sustainability of this leverage profile if the current revenue contraction persists.
Based on the company's unique business model, the P/E ratio is a fundamentally flawed metric for SRL, as it fails to account for the non-cash impairments and volatile merchant banking gains that frequently distort net income and mask the underlying cash-generating capacity of the royalty interest.
Analysts should instead focus on a sum-of-the-parts valuation or cash-flow-based metrics that isolate the royalty stream from the industrial and merchant banking segments. Relying on P/E in this context likely leads to an inaccurate assessment of the company's true economic value and its potential for future cash distributions.
Includes 30+ ratios · 29 years · Updated daily
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Quick answers to the most common questions about buying SRL stock.
Scully Royalty Ltd.'s current P/E ratio is -6.0x. The historical average is 19.2x.
Scully Royalty Ltd.'s current EV/EBITDA is 30.6x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 7.7x.
Scully Royalty Ltd.'s return on equity (ROE) is -6.8%. The historical average is 5.6%.
Based on historical data, Scully Royalty Ltd. is trading at a P/E of -6.0x. Compare with industry peers and growth rates for a complete picture.
Scully Royalty Ltd. has 38.3% gross margin and -7.2% operating margin.
Scully Royalty Ltd.'s Debt/EBITDA ratio is 7.5x, indicating high leverage. A ratio above 4x may signal elevated financial risk.