Latest Ratios: P/E Ratio -16.4x · EV/EBITDA 18.8x · ROE -0.9%. (2012–2025 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 | $6.3B | $5.9B | $4.8B | $4.1B | $4.5B | $7.7B | $11.7B | $13.5B | — | — | — |
| Enterprise Value | $55.3B | $54.8B | $56.9B | $75.3B | $60.7B | $59.2B | $63.6B | $67.4B | — | — | — |
| P/E Ratio → | -16.40 | — | — | — | — | 15.74 | — | 15.25 | — | — | — |
| P/S Ratio | 0.89 | 0.82 | 0.52 | 0.44 | 0.62 | 1.08 | 1.78 | 1.64 | — | — | — |
| P/B Ratio | 0.15 | 0.14 | 0.12 | 0.09 | 0.06 | 0.10 | 0.17 | 0.18 | — | — | — |
| P/FCF | — | — | 7.77 | — | — | 17.05 | 10.07 | 53.49 | — | — | — |
| P/OCF | — | — | 4.69 | — | — | 12.66 | 8.80 | 21.60 | — | — | — |
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 | — | 7.67 | 6.24 | 7.94 | 8.24 | 8.33 | 9.64 | 8.22 | — | — | — |
| EV / EBITDA | 18.78 | 18.62 | 14.56 | 19.46 | 17.71 | 17.42 | 59.25 | 16.37 | — | — | — |
| EV / EBIT | 20.67 | 16.20 | 18.60 | 29.47 | 15.33 | 8.99 | 84.32 | 10.74 | — | — | — |
| EV / FCF | — | — | 92.44 | — | — | 131.48 | 54.67 | 267.59 | — | — | — |
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 | 56.8% | 56.8% | 52.8% | 50.1% | 54.9% | 55.8% | 55.2% | 56.0% | 57.0% | 53.8% | 54.6% |
| Operating Margin | 37.4% | 37.4% | 38.3% | 36.2% | 42.6% | 43.5% | — | 46.1% | 44.2% | 40.5% | 41.0% |
| Net Profit Margin | -5.1% | -5.1% | -5.6% | -4.7% | -0.6% | 7.5% | -16.7% | 10.8% | 10.6% | 2.2% | 12.3% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -0.9% | -0.9% | -1.2% | -0.7% | -0.1% | 0.7% | -1.5% | 1.1% | 1.2% | 0.2% | 1.1% |
| ROA | -0.4% | -0.4% | -0.4% | -0.4% | -0.0% | 0.5% | -1.0% | 0.8% | 0.7% | 0.2% | 0.9% |
| ROIC | 2.2% | 2.2% | 2.5% | 2.1% | 1.8% | 1.8% | — | 2.1% | 2.2% | 2.1% | 1.9% |
| ROCE | 3.2% | 3.2% | 3.9% | 3.7% | 3.5% | 3.3% | — | 3.4% | 3.3% | 3.4% | 3.2% |
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 | 1.20 | 1.20 | 1.42 | 1.52 | 0.81 | 0.67 | 0.77 | 0.73 | 0.73 | 0.75 | 0.56 |
| Debt / EBITDA | 17.35 | 17.35 | 13.90 | 19.08 | 17.56 | 15.92 | 50.64 | 13.45 | 16.91 | 13.21 | 13.99 |
| Net Debt / Equity | — | 1.15 | 1.36 | 1.46 | 0.75 | 0.64 | 0.73 | 0.71 | 0.69 | 0.72 | 0.54 |
| Net Debt / EBITDA | 16.62 | 16.62 | 13.34 | 18.39 | 16.38 | 15.16 | 48.34 | 13.10 | 15.97 | 12.67 | 13.39 |
| Debt / FCF | — | — | 84.68 | — | — | 114.43 | 44.60 | 214.10 | — | — | — |
| Interest Coverage | 0.96 | 0.96 | 0.64 | 0.53 | 1.48 | 2.54 | 0.29 | 2.15 | 2.52 | 2.35 | 2.27 |
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 | 0.24 | 0.24 | 0.37 | 0.26 | 0.29 | 0.75 | 0.94 | 0.78 | 1.92 | 0.80 | 0.51 |
| Quick Ratio | 0.24 | 0.24 | 0.36 | 0.26 | 0.29 | 0.72 | 0.91 | 0.77 | 1.82 | 0.67 | 0.27 |
| Cash Ratio | 0.15 | 0.15 | 0.10 | 0.07 | 0.17 | 0.12 | 0.27 | 0.16 | 0.53 | 0.16 | 0.18 |
| Asset Turnover | — | 0.07 | 0.09 | 0.07 | 0.07 | 0.06 | 0.06 | 0.07 | 0.06 | 0.07 | 0.07 |
| Inventory Turnover | — | — | 18.39 | — | 18.87 | 5.46 | 11.53 | 41.48 | 5.03 | 2.28 | 1.26 |
| 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 | 20.2% | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | 75.8% | — | 66.5% | 138.6% | 221.3% | 120.6% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | 6.4% | — | 6.6% | — | — | — |
| FCF Yield | — | — | 12.9% | — | — | 5.9% | 9.9% | 1.9% | — | — | — |
| Buyback Yield | 0.1% | — | — | — | — | — | — | — | — | — | — |
| Total Shareholder Yield | 20.2% | — | — | — | — | — | — | — | — | — | — |
| Shares Outstanding | — | $410M | $351M | $321M | $299M | $299M | $505M | $508M | $396M | $329M | $366M |
High leverage and liquidity
As reported in financial statements, BPYPO trades at a P/B ratio of 0.15, suggesting that the market is pricing the entity at a significant discount to its book value, likely reflecting deep skepticism regarding the realizable value of its trophy asset portfolio in the current interest rate environment.
The forward P/E of 6.61 appears to imply a market expectation of earnings recovery that may be disconnected from the persistent negative net margins observed over the last ten quarters. Investors should monitor whether this valuation gap represents a genuine mispricing of high-quality assets or a rational response to the company's elevated debt-to-EBITDA profile.
Based on the provided quarterly data, BPYPO's ROIC has remained stagnant at approximately 0.5% to 0.6% over the last ten quarters, indicating that the company is struggling to generate meaningful returns on its invested capital compared to the broader real estate sector's historical performance benchmarks.
This persistent low return on capital suggests that the firm's massive asset base is not being utilized efficiently to drive bottom-line growth. The inability to improve these returns, even with a global operational platform, warrants further investigation into whether the current portfolio composition is fundamentally dilutive to shareholder value.
According to recent SEC filings, BPYPO's asset turnover ratio has remained consistently low at 0.02, highlighting the capital-intensive nature of its business model and the significant time required to cycle capital through its global portfolio of trophy office and retail assets.
The erratic nature of the Days Sales Outstanding, which fluctuated between 31 and 79 days, suggests potential volatility in tenant collections or the timing of large-scale asset dispositions. This lack of operational velocity may hinder the company's ability to respond quickly to shifting market conditions in gateway cities.
As indicated by the company's reported figures, the debt-to-EBITDA ratio has remained alarmingly high, peaking at 88.15 in 2026Q1, which suggests that the firm's ability to service its debt obligations is under extreme pressure compared to more conservatively capitalized peers in the real estate industry.
With interest coverage ratios frequently dipping near or below 1.0x, the company appears to be in a precarious position where operational income is barely sufficient to cover interest expenses. This leverage profile leaves little room for error and suggests that the firm is highly sensitive to any further increases in the cost of capital.
Based on the provided financial data, the P/E ratio is the most commonly misapplied metric for BPYPO, as it fails to account for the significant non-cash depreciation and fair value adjustments inherent in IFRS accounting for large-scale, asset-heavy real estate portfolios.
Investors should instead focus on metrics like Funds From Operations (FFO) or Net Asset Value (NAV) to better gauge the underlying cash-generative capacity of the business. Relying on P/E in this context obscures the true operational health of the firm by focusing on accounting-driven net income volatility rather than cash flow.
Includes 30+ ratios · 14 years · Updated daily
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Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying BPYPO stock.
Brookfield Property Partners L.P.'s current P/E ratio is -16.4x. The historical average is 15.5x.
Brookfield Property Partners L.P.'s current EV/EBITDA is 18.8x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 23.3x.
Brookfield Property Partners L.P.'s return on equity (ROE) is -0.9%. The historical average is 0.4%.
Based on historical data, Brookfield Property Partners L.P. is trading at a P/E of -16.4x. Compare with industry peers and growth rates for a complete picture.
Brookfield Property Partners L.P.'s current dividend yield is 20.16%.
Brookfield Property Partners L.P. has 56.8% gross margin and 37.4% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
Brookfield Property Partners L.P.'s Debt/EBITDA ratio is 17.4x, indicating high leverage. A ratio above 4x may signal elevated financial risk.