Latest Ratios: P/E Ratio 9.8x · EV/EBITDA 10.9x · ROE 27.9%. (2004–2025 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 | $160M | $122M | $83M | $45M | $41M | $44M | $27M | $13M | $6M | $6M | $6M |
| Enterprise Value | $134M | $96M | $61M | $33M | $37M | $41M | $33M | $17M | $20M | $43M | $44M |
| P/E Ratio → | 9.76 | 7.13 | 5.73 | 5.75 | 4.34 | 3.23 | 13.21 | 8.91 | — | — | — |
| P/S Ratio | 2.54 | 1.94 | 1.63 | 1.00 | 1.04 | 1.42 | 1.20 | 0.53 | 0.11 | 0.13 | 0.14 |
| P/B Ratio | 2.38 | 1.74 | 1.59 | 1.20 | 1.41 | 1.74 | 2.41 | 1.59 | 0.97 | 2.20 | 0.71 |
| P/FCF | 36.16 | 27.54 | 7.66 | 5.11 | 5.45 | 5.79 | 8.23 | 1.38 | 0.40 | 1.14 | — |
| P/OCF | 33.30 | 25.36 | 7.41 | 4.97 | 5.03 | 5.65 | 7.88 | 1.35 | 0.40 | 1.13 | — |
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 | — | 1.52 | 1.19 | 0.74 | 0.94 | 1.32 | 1.49 | 0.67 | 0.35 | 0.95 | 1.06 |
| EV / EBITDA | 10.93 | 7.82 | 5.76 | 3.53 | 4.52 | 7.98 | 12.15 | 6.77 | — | — | — |
| EV / EBIT | 11.21 | 8.02 | 5.93 | 3.61 | 4.64 | 8.12 | 13.34 | 6.75 | 66.92 | — | — |
| EV / FCF | — | 21.67 | 5.60 | 3.78 | 4.94 | 5.40 | 10.18 | 1.74 | 1.21 | 8.65 | — |
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 | 23.5% | 23.5% | 24.7% | 26.1% | 25.3% | 20.7% | 17.6% | 16.4% | -0.8% | 5.6% | 7.0% |
| Operating Margin | 19.0% | 19.0% | 20.1% | 20.5% | 20.2% | 16.3% | 11.8% | 9.0% | -9.0% | -10.6% | -16.5% |
| Net Profit Margin | 27.1% | 27.1% | 28.4% | 17.4% | 18.7% | 43.8% | 9.3% | 3.5% | -8.0% | -11.1% | -21.6% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 27.9% | 27.9% | 32.5% | 23.6% | 27.1% | 74.5% | 21.3% | 11.9% | -97.7% | -91.5% | -130.2% |
| ROA | 22.8% | 22.8% | 25.0% | 16.5% | 17.1% | 37.7% | 8.6% | 3.2% | -10.5% | -9.1% | -15.2% |
| ROIC | 24.2% | 24.2% | 27.8% | 27.2% | 25.2% | 19.0% | 13.5% | 10.8% | -12.8% | -8.3% | -12.2% |
| ROCE | 17.9% | 17.9% | 19.9% | 22.5% | 21.6% | 16.4% | 15.7% | 12.9% | -15.1% | -14.3% | -26.8% |
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 | 0.08 | 0.08 | 0.12 | 0.19 | 0.27 | 0.51 | 1.20 | 0.84 | 2.86 | 15.09 | 5.22 |
| Debt / EBITDA | 0.44 | 0.44 | 0.59 | 0.76 | 0.97 | 2.49 | 4.88 | 2.83 | — | — | — |
| Net Debt / Equity | — | -0.37 | -0.43 | -0.31 | -0.13 | -0.12 | 0.57 | 0.42 | 1.98 | 14.40 | 4.53 |
| Net Debt / EBITDA | -2.12 | -2.12 | -2.12 | -1.24 | -0.47 | -0.57 | 2.32 | 1.42 | — | — | — |
| Debt / FCF | — | -5.87 | -2.06 | -1.33 | -0.51 | -0.39 | 1.95 | 0.37 | 0.81 | 7.50 | — |
| Interest Coverage | — | — | — | — | 35.82 | 21.55 | 7.30 | 5.27 | 3.26 | -115.61 | -7.57 |
Net cash position: cash ($31M) exceeds total debt ($5M)
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 | 5.50 | 5.50 | 5.52 | 3.83 | 2.43 | 3.31 | 2.74 | 0.90 | 3.43 | 5.28 | 1.66 |
| Quick Ratio | 5.50 | 5.50 | 5.52 | 3.83 | 2.43 | 3.31 | 3.54 | 1.44 | 1.31 | 0.39 | 0.22 |
| Cash Ratio | 3.23 | 3.23 | 4.32 | 2.95 | 1.81 | 2.61 | 1.56 | 0.34 | 0.61 | 0.20 | 0.17 |
| Asset Turnover | — | 0.74 | 0.79 | 0.86 | 0.93 | 0.71 | 0.79 | 1.27 | 1.62 | 0.89 | 0.70 |
| Inventory Turnover | — | — | — | — | — | — | — | — | 2.82 | 0.96 | 0.78 |
| 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 | — | — | — | — | — | — | — | — | — | 0.4% | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 10.2% | 14.0% | 17.5% | 17.4% | 23.1% | 30.9% | 7.6% | 11.2% | — | — | — |
| FCF Yield | 2.8% | 3.6% | 13.1% | 19.6% | 18.3% | 17.3% | 12.2% | 72.7% | 250.5% | 87.4% | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.9% | 9.8% | 0.5% | 0.2% | 0.0% | 0.6% | 1.6% | 0.1% |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.9% | 9.8% | 0.5% | 0.2% | 0.0% | 0.6% | 2.0% | 0.1% |
| Shares Outstanding | — | $10M | $10M | $10M | $10M | $9M | $9M | $7M | $4M | $3M | $3M |
Regional office market concentration
As reported in financial statements, CHCI trades at a P/FFO multiple of 6.84x as of 2026Q1, a valuation level that appears to discount the company's recurring management fee potential while heavily penalizing the inherent volatility of its project-based development pipeline within the Northern Virginia transit-oriented market.
The absence of a stable P/FFO history suggests that the market struggles to assign a consistent multiple to a firm transitioning from homebuilding to asset management. Investors should monitor whether the current valuation gap relative to traditional REITs narrows as the company demonstrates more consistent, fee-driven earnings growth.
Based on reported figures, NOI margins have fluctuated significantly, reaching a peak of 35.5% in 2025Q4 before contracting to 15.9% in 2026Q1, which suggests that property-level profitability remains highly sensitive to the timing of project-based development milestones rather than steady-state rental income streams.
This margin variance implies that the company's profitability is currently driven by non-recurring development activities rather than the stable, recurring revenue typical of a mature REIT. Analysts should investigate whether the recent margin compression indicates a structural shift in project mix or merely the lumpy nature of fee recognition.
According to quarterly financial data, CHCI maintains a remarkably low debt-to-equity ratio of 0.07 as of 2026Q1, reflecting a conservative capital structure that provides significant insulation against the interest rate volatility currently impacting more highly levered peers within the diversified real estate sector.
This minimal leverage profile appears to be a deliberate strategic choice, allowing the company to navigate the current high-rate environment without the refinancing risks that plague many commercial real estate firms. The balance sheet strength warrants further investigation into how management intends to deploy this capital to scale its transit-oriented development pipeline.
As evidenced by the consistent gap between Net Income and FFO, the standard P/E ratio is a deeply misleading metric for CHCI, as it fails to account for the significant non-cash depreciation and amortization charges that obscure the company's true underlying cash-generating capacity.
Investors should prioritize FFO and AFFO over GAAP earnings to better assess the sustainability of the company's operations. Relying on P/E ignores the capital-intensive nature of real estate development and the specific accounting nuances of a firm that is actively pivoting toward a fee-based management model.
Includes 30+ ratios · 22 years · Updated daily
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Quick answers to the most common questions about buying CHCI stock.
Comstock Holding Companies, Inc.'s current P/E ratio is 9.8x. The historical average is 8.8x. This places it at the 70th percentile of its historical range.
Comstock Holding Companies, Inc.'s current EV/EBITDA is 10.9x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 8.1x.
Comstock Holding Companies, Inc.'s return on equity (ROE) is 27.9%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is -35.4%.
Based on historical data, Comstock Holding Companies, Inc. is trading at a P/E of 9.8x. This is at the 70th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Comstock Holding Companies, Inc. has 23.5% gross margin and 19.0% operating margin. Operating margin between 10-20% is typical for established companies.
Comstock Holding Companies, Inc.'s Debt/EBITDA ratio is 0.4x, indicating low leverage. A ratio below 2x is generally considered financially healthy.