Latest Ratios: P/E Ratio 34.3x · EV/EBITDA 8.0x · ROE 5.7%. (2010–2025 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 | $2.9B | $2.7B | $1.9B | $3.0B | $1.7B | $4.1B | $2.3B | $2.3B | $2.3B | $6.1B | $2.5B |
| Enterprise Value | $2.8B | $2.6B | $1.9B | $3.1B | $1.7B | $8.1B | $6.0B | $10.1B | $10.8B | $16.0B | $5.8B |
| P/E Ratio → | 34.28 | 33.35 | 163.24 | 22.78 | — | — | — | — | — | — | 37.77 |
| P/S Ratio | 6.12 | 5.73 | 3.14 | 3.62 | 2.43 | 11.18 | 5.47 | 37.32 | 0.98 | 2.17 | 2.62 |
| P/B Ratio | 1.13 | 1.10 | 0.76 | 1.19 | 0.37 | 0.78 | 0.31 | 0.26 | 0.21 | 0.49 | 0.44 |
| P/FCF | 11.15 | 10.45 | 33.68 | 12.74 | 6.44 | 16.49 | — | 0.52 | 106.47 | — | — |
| P/OCF | 11.09 | 10.40 | 31.67 | 12.74 | 6.44 | 16.49 | 25.34 | 13.33 | 4.59 | 11.06 | 6.01 |
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 | — | 5.62 | 3.20 | 3.72 | 2.50 | 22.21 | 14.40 | 164.78 | 4.58 | 5.71 | 6.18 |
| EV / EBITDA | 8.01 | 7.50 | 11.73 | 8.89 | 7.87 | 12.05 | 16.79 | 21.17 | 4.45 | 6.19 | 6.53 |
| EV / EBIT | 8.74 | 4496.94 | 10.48 | 10.01 | 9.86 | 1121.99 | — | — | — | 50.63 | 12.45 |
| EV / FCF | — | 10.25 | 34.35 | 13.06 | 6.61 | 32.75 | — | 2.31 | 496.20 | — | — |
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 | 87.5% | 87.5% | 76.2% | 95.5% | 93.6% | 80.0% | 67.5% | 78.1% | 48.6% | 57.8% | 84.9% |
| Operating Margin | 68.7% | 68.7% | 21.7% | 37.1% | 25.3% | 9.0% | -51.6% | -198.6% | 17.5% | -10.3% | 21.7% |
| Net Profit Margin | 30.2% | 30.2% | 11.6% | 22.6% | -46.3% | -84.7% | -642.5% | -1718.4% | -22.0% | -7.1% | 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 | 5.7% | 5.7% | 2.8% | 5.2% | -6.5% | -4.9% | -33.0% | -10.4% | -4.4% | -2.2% | 2.1% |
| ROA | 4.1% | 4.1% | 2.0% | 2.5% | -2.6% | -1.8% | -13.4% | -5.0% | -2.2% | -1.1% | 1.2% |
| ROIC | 9.8% | 9.8% | 3.9% | 6.4% | 1.9% | 0.2% | -1.2% | -0.5% | 1.5% | -1.4% | 1.7% |
| ROCE | 9.4% | 9.4% | 3.8% | 6.8% | 2.2% | 0.3% | -1.3% | -0.6% | 1.9% | -1.7% | 2.1% |
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 | 0.14 | 0.14 | 0.14 | 0.17 | 0.20 | 1.07 | 0.61 | 1.01 | 0.80 | 0.88 | 0.66 |
| Debt / EBITDA | 0.94 | 0.94 | 2.05 | 1.23 | 4.09 | 8.36 | 12.38 | 18.91 | 3.69 | 4.20 | 4.19 |
| Net Debt / Equity | — | -0.02 | 0.02 | 0.03 | 0.01 | 0.77 | 0.51 | 0.87 | 0.76 | 0.80 | 0.59 |
| Net Debt / EBITDA | -0.15 | -0.15 | 0.23 | 0.22 | 0.21 | 5.98 | 10.41 | 16.38 | 3.50 | 3.84 | 3.76 |
| Debt / FCF | — | -0.20 | 0.66 | 0.32 | 0.18 | 16.25 | — | 1.78 | 389.72 | — | — |
| Interest Coverage | 0.00 | 0.00 | 11.27 | 12.42 | 4.10 | 0.11 | -4.28 | -0.97 | -0.24 | 0.55 | 2.74 |
Net cash position: cash ($383M) exceeds total debt ($331M)
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 | 38.79 | 38.79 | 7.35 | 4.68 | 1.71 | 1.69 | 1.26 | 2.15 | 3.36 | 6.76 | 9.50 |
| Quick Ratio | 38.79 | 38.79 | 7.35 | 4.68 | 1.71 | 1.69 | 0.24 | 2.15 | 1.84 | 7.06 | 9.68 |
| Cash Ratio | 38.79 | 38.79 | 5.02 | 3.48 | 0.15 | 0.47 | 0.14 | 0.67 | 0.24 | 1.08 | 0.88 |
| Asset Turnover | — | 0.14 | 0.17 | 0.23 | 0.06 | 0.03 | 0.02 | 0.00 | 0.11 | 0.11 | 0.10 |
| Inventory Turnover | — | — | — | — | — | — | 0.03 | — | 0.42 | — | — |
| 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 | 2.1% | 2.2% | 0.4% | 0.2% | 0.1% | 1.8% | 4.7% | 9.4% | 13.4% | 7.9% | 7.4% |
| Payout Ratio | — | — | 9.6% | 3.5% | — | — | — | — | — | — | 157.1% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 2.9% | 3.0% | 0.6% | 4.4% | — | — | — | — | — | — | 2.6% |
| FCF Yield | 9.0% | 9.6% | 3.0% | 7.8% | 15.5% | 6.1% | — | 191.4% | 0.9% | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.5% | 0.0% | 3.3% | 0.0% | 1.1% | 0.5% | 14.8% | 15.4% | 0.8% |
| Total Shareholder Yield | 2.1% | 2.2% | 0.9% | 0.2% | 3.4% | 1.8% | 5.8% | 9.9% | 28.1% | 23.3% | 8.2% |
| Shares Outstanding | — | $176M | $169M | $170M | $154M | $123M | $118M | $120M | $124M | $133M | $41M |
Capital deployment execution risk
Based on reported figures, DigitalBridge trades at a P/E of 34.35, yet the absence of a stable P/FFO multiple suggests that the market struggles to value the firm's transition from a balance-sheet-heavy REIT to an asset-light manager, warranting further investigation into its long-term valuation trajectory.
The current valuation appears to reflect a complexity discount as investors weigh the firm's legacy real estate roots against its emerging identity as a digital infrastructure manager. Investors should monitor whether the market begins to apply higher multiples typically reserved for pure-play alternative asset managers as the fee-earning equity under management continues to scale.
As reported in financial statements, DigitalBridge has achieved NOI margins near 90% in early 2026, a significant improvement from the 54.3% observed in 2024Q2, which suggests that the firm's strategic pivot toward an asset-light management model is successfully reducing the drag from legacy operating expenses.
The high NOI margin profile indicates that the firm's fee-based income stream requires minimal incremental capital, allowing for greater scalability. This trend appears to validate the management team's decision to shed high-cost legacy assets in favor of a more efficient, talent-heavy infrastructure management platform.
According to the company's quarterly data, the FFO payout ratio has remained exceptionally low, reaching as little as 1.3% in 2023Q4, which indicates that the firm retains a substantial portion of its distributable cash flow to support ongoing capital deployment initiatives and strategic growth.
The minimal payout ratio suggests a highly conservative dividend policy that prioritizes internal reinvestment over immediate shareholder distributions. This approach appears prudent given the capital-intensive nature of the digital infrastructure sector and the firm's ongoing need to fund co-investments for its flagship funds.
Based on the provided quarterly data, DigitalBridge maintains a stable debt-to-equity ratio of 0.14, which, as noted in recent SEC filings, reflects a conservative capital structure that stands in stark contrast to the high leverage typically observed in traditional infrastructure REITs like American Tower.
The firm's disciplined approach to debt management provides a robust liquidity buffer, which appears designed to support operational needs and potential co-investment requirements. This healthy balance sheet position may offer the firm a competitive advantage in sourcing new digital infrastructure deals during periods of market volatility.
The most commonly misapplied metric for DigitalBridge is the standard P/FFO ratio, which fails to capture the firm's evolving business model as an asset manager rather than a traditional property owner, thereby obscuring the true recurring cash-generating capacity of its fee-based income streams.
Because DigitalBridge is transitioning away from direct asset ownership, traditional REIT metrics like FFO and P/FFO may be distorted by non-cash depreciation and transactional gains. Investors should instead focus on Distributable Earnings (DE) and fee-related earnings to better assess the underlying stability and growth potential of the management platform.
Includes 30+ ratios · 16 years · Updated daily
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Quick answers to the most common questions about buying DBRG stock.
DigitalBridge Group, Inc.'s current P/E ratio is 34.3x. The historical average is 46.5x. This places it at the 70th percentile of its historical range.
DigitalBridge Group, Inc.'s current EV/EBITDA is 8.0x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 16.6x.
DigitalBridge Group, Inc.'s return on equity (ROE) is 5.7%. The historical average is -0.6%.
Based on historical data, DigitalBridge Group, Inc. is trading at a P/E of 34.3x. This is at the 70th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
DigitalBridge Group, Inc.'s current dividend yield is 2.12%.
DigitalBridge Group, Inc. has 87.5% gross margin and 68.7% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
DigitalBridge Group, Inc.'s Debt/EBITDA ratio is 0.9x, indicating low leverage. A ratio below 2x is generally considered financially healthy.