Star Holdings (STHO) Financial Ratios
4 years of historical data (2022–2025) · Real Estate · Real Estate - Services
EV/EBITDA
18.69
+1% vs avg
5yr avg: 18.54
30Y Low18.5·High18.5
P/FCF
N/A
—
5yr avg: N/A
P/B Ratio
↓
0.42
+2% vs avg
5yr avg: 0.41
30Y Low0.4·High0.5
ROE
↓
-21.0%
-12% vs avg
5yr avg: -18.7%
30Y Low-28%·High-4%
Debt/EBITDA
15.27
+0% vs avg
5yr avg: 15.27
30Y Low15.3·High15.3
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
STHO Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Star Holdings currently has a negative P/E ratio, indicating the company is operating at a loss on a trailing-twelve-month basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Market Cap | $111M | $108M | $130M | $200M | — |
| Enterprise Value | $330M | $328M | $313M | $343M | — |
| P/E Ratio → | -1.75 | — | — | — | — |
| P/S Ratio | 1.00 | 0.98 | 1.46 | 1.97 | — |
| P/B Ratio | 0.42 | 0.41 | 0.38 | 0.46 | — |
| P/FCF | — | — | — | — | — |
| P/OCF | — | — | — | — | — |
P/E links to full P/E history page with 30-year chart
STHO EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Star Holdings's enterprise value stands at 18.7x EBITDA, roughly in line with its 5-year average of 18.5x. The Real Estate sector median is 16.7x, placing the stock at a 12% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| EV / Revenue | — | 2.98 | 3.52 | 3.39 | — |
| EV / EBITDA | 18.69 | 18.54 | — | — | — |
| EV / EBIT | 26.51 | — | — | — | — |
| EV / FCF | — | — | — | — | — |
STHO Profitability
Margins and return-on-capital ratios measuring operating efficiency
Star Holdings earns an operating margin of 11.3%, below the Real Estate sector average of 26.0%. Operating margins have expanded from -31.6% to 11.3% over the past 3 years, signaling improving operational efficiency. A negative ROE of -21.0% indicates the company is currently destroying shareholder equity. ROIC of 1.8% represents below-average returns on invested capital.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Gross Margin | 19.3% | 19.3% | -28.8% | -28.6% | -17.9% |
| Operating Margin | 11.3% | 11.3% | -13.6% | -31.6% | -65.0% |
| Net Profit Margin | -58.3% | -58.3% | -97.6% | -194.1% | -37.8% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| ROE | -21.0% | -21.0% | -22.3% | -27.9% | -3.7% |
| ROA | -10.9% | -10.9% | -13.6% | -23.5% | -3.6% |
| ROIC | 1.8% | 1.8% | -1.6% | -3.1% | — |
| ROCE | 2.1% | 2.1% | -2.4% | -3.9% | -6.4% |
STHO Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Star Holdings carries a Debt/EBITDA ratio of 15.3x, which is highly leveraged (94% above the sector average of 7.9x). Net debt stands at $220M ($270M total debt minus $50M cash). Interest coverage of just 0.7x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Debt / Equity | 1.02 | 1.02 | 0.63 | 0.45 | 0.00 |
| Debt / EBITDA | 15.27 | 15.27 | — | — | — |
| Net Debt / Equity | — | 0.83 | 0.53 | 0.33 | -0.00 |
| Net Debt / EBITDA | 12.44 | 12.44 | — | — | — |
| Debt / FCF | — | — | — | — | — |
| Interest Coverage | 0.68 | 0.68 | -1.72 | -1.39 | -1.49 |
STHO Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio has declined from 14.56x to 0.38x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Current Ratio | — | — | 0.38 | 14.56 | 3.43 |
| Quick Ratio | — | — | 0.38 | 4.49 | 3.43 |
| Cash Ratio | 0.13 | — | 0.13 | 2.81 | 0.15 |
| Asset Turnover | — | 0.19 | 0.15 | 0.15 | 0.10 |
| Inventory Turnover | 0.72 | — | — | 0.72 | — |
| Days Sales Outstanding | — | — | — | — | — |
STHO Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Star Holdings returns 7.2% to shareholders annually primarily through share buybacks.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — |
| FCF Yield | — | — | — | — | — |
| Buyback Yield | 7.2% | 7.4% | 0.0% | 0.0% | — |
| Total Shareholder Yield | 7.2% | 7.4% | 0.0% | 0.0% | — |
| Shares Outstanding | — | $13M | $13M | $13M | $13M |
Peer Comparison
Compare STHO with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 STHOYou | $111M | -1.7 | 18.7 | — | 19.3% | 11.3% | -21.0% | 1.8% | 15.3 |
 SAFE | $1B | 9.2 | 17.5 | 22.0 | 94.3% | 79.8% | 4.8% | 3.4% | 14.2 |
 LAND | $350M | -33.2 | 3.4 | 50.0 | 87.4% | 78.6% | -1.5% | 4.9% | — |
 PINE | $279M | -88.4 | 14.6 | — | -10.9% | 30.5% | -0.9% | 2.2% | 8.6 |
 STRW | $170M | 22.7 | 8.3 | 4.8 | 87.0% | 52.4% | 6.3% | 7.2% | 7.0 |
 NLOP | $197M | -1.4 | — | 3.1 | — | — | -32.9% | — | — |
 GPMT | $66M | -1.2 | 20.6 | 24.8 | 83.0% | 43.6% | -7.0% | 2.6% | 20.6 |
 TPVG | $222M | 4.5 | 8.9 | — | 83.5% | 77.9% | 14.1% | 7.2% | 6.2 |
 BXMT | $3B | 29.9 | 16.3 | 11.7 | 76.9% | 71.6% | 3.0% | 4.3% | 14.0 |
 RC | $324M | -0.8 | — | — | 100.0% | — | -19.0% | — | — |
 ACRE | $286M | -317.1 | 18.6 | 13.4 | 67.2% | 72.4% | -0.2% | 2.9% | 14.9 |
| Real Estate Median | — | 24.1 | 16.7 | 15.4 | 52.1% | 26.0% | 3.5% | 3.0% | 7.9 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Start ComparisonSTHO — Frequently Asked Questions
Quick answers to the most common questions about buying STHO stock.
What is Star Holdings's P/E ratio?
Star Holdings's current P/E ratio is -1.7x. This places it at the 50th percentile of its historical range.
What is Star Holdings's EV/EBITDA?
Star Holdings's current EV/EBITDA is 18.7x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 18.5x.
What is Star Holdings's ROE?
Star Holdings's return on equity (ROE) is -21.0%. The historical average is -18.7%.
Is STHO stock overvalued?
Based on historical data, Star Holdings is trading at a P/E of -1.7x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What are Star Holdings's profit margins?
Star Holdings has 19.3% gross margin and 11.3% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does Star Holdings have?
Star Holdings's Debt/EBITDA ratio is 15.3x, indicating high leverage. A ratio above 4x may signal elevated financial risk.