Latest Ratios: P/E Ratio 38.2x · EV/EBITDA 21.0x · ROE 19.4%. (2011–2025 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 | $5.8B | $4.1B | $3.0B | $2.3B | $2.7B | $3.9B | $2.8B | $3.8B | $2.5B | $3.2B | $3.4B |
| Enterprise Value | $9.9B | $8.1B | $7.0B | $6.6B | $6.9B | $7.6B | $6.2B | $7.7B | $4.8B | $5.4B | $5.5B |
| P/E Ratio → | 38.17 | 27.70 | 11.73 | — | 19.74 | 111.75 | — | 27.65 | 23.53 | 25.78 | 37.68 |
| P/S Ratio | 3.19 | 2.23 | 1.66 | 1.26 | 1.51 | 2.68 | 2.28 | 2.15 | 1.57 | 2.12 | 2.27 |
| P/B Ratio | 7.66 | 5.56 | 3.87 | 3.15 | 1.99 | 2.82 | 2.04 | 3.41 | 2.21 | 2.63 | 2.79 |
| P/FCF | 29.35 | 20.47 | 13.71 | 13.75 | 17.03 | 460.99 | 52.76 | 23.56 | 21.31 | 18.05 | 15.12 |
| P/OCF | 19.01 | 13.26 | 10.13 | 9.06 | 10.56 | 39.66 | 21.61 | 13.87 | 11.80 | 12.93 | 11.99 |
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 | — | 4.43 | 3.82 | 3.63 | 3.87 | 5.20 | 5.05 | 4.29 | 2.98 | 3.55 | 3.64 |
| EV / EBITDA | 20.95 | 17.20 | 12.13 | — | 15.82 | 24.26 | 28.59 | 16.80 | 3.06 | 3.53 | 3.65 |
| EV / EBIT | 32.02 | 27.45 | 16.45 | — | 24.28 | 46.98 | 85.97 | 27.26 | 20.93 | 23.09 | 27.79 |
| EV / FCF | — | 40.71 | 31.65 | 39.46 | 43.53 | 895.31 | 116.66 | 46.94 | 40.32 | 30.25 | 24.21 |
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 | 32.1% | 32.1% | 48.2% | 47.1% | 48.3% | 46.4% | 42.5% | 46.2% | 46.5% | 45.1% | 46.0% |
| Operating Margin | 16.8% | 16.8% | 23.2% | -13.9% | 15.9% | 11.5% | 5.9% | 17.3% | 14.6% | 15.9% | 13.5% |
| Net Profit Margin | 8.0% | 8.0% | 14.1% | -23.4% | 8.1% | 2.4% | -4.9% | 7.9% | 6.7% | 8.3% | 6.0% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 19.4% | 19.4% | 34.1% | -40.9% | 10.4% | 2.6% | -4.9% | 12.3% | 9.1% | 10.2% | 7.4% |
| ROA | 2.8% | 2.8% | 4.8% | -7.3% | 2.4% | 0.6% | -1.1% | 3.0% | 2.8% | 3.3% | 2.4% |
| ROIC | 4.9% | 4.9% | 6.5% | -3.6% | 4.0% | 2.6% | 1.1% | 5.6% | 5.2% | 5.4% | 4.6% |
| ROCE | 6.3% | 6.3% | 8.8% | -4.9% | 5.2% | 3.1% | 1.4% | 7.6% | 6.8% | 6.9% | 5.8% |
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 | 5.63 | 5.63 | 5.12 | 5.94 | 3.12 | 2.96 | 2.98 | 3.44 | 2.02 | 1.81 | 1.73 |
| Debt / EBITDA | 8.76 | 8.76 | 6.95 | — | 9.73 | 13.12 | 18.92 | 8.50 | 1.47 | 1.46 | 1.41 |
| Net Debt / Equity | — | 5.49 | 5.06 | 5.89 | 3.09 | 2.65 | 2.47 | 3.38 | 1.97 | 1.77 | 1.68 |
| Net Debt / EBITDA | 8.55 | 8.55 | 6.87 | — | 9.63 | 11.77 | 15.66 | 8.37 | 1.44 | 1.42 | 1.37 |
| Debt / FCF | — | 20.24 | 17.94 | 25.71 | 26.49 | 434.32 | 63.90 | 23.38 | 19.01 | 12.20 | 9.10 |
| Interest Coverage | 2.02 | 2.02 | 2.72 | -1.65 | 2.14 | 1.24 | 0.55 | 2.08 | 1.82 | 2.00 | 1.74 |
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 | 2.69 | 2.69 | 0.74 | 0.67 | 0.71 | 1.53 | 1.82 | 0.67 | 1.07 | 1.26 | 1.50 |
| Quick Ratio | 2.69 | 2.69 | 0.74 | 0.67 | 0.71 | 1.53 | 1.82 | 0.67 | 0.81 | 0.97 | 1.17 |
| Cash Ratio | 0.58 | 0.58 | 0.09 | 0.06 | 0.07 | 0.84 | 1.33 | 0.09 | 0.13 | 0.16 | 0.26 |
| Asset Turnover | — | 0.34 | 0.35 | 0.33 | 0.30 | 0.25 | 0.21 | 0.33 | 0.42 | 0.40 | 0.40 |
| Inventory Turnover | — | — | — | — | — | — | — | — | 8.31 | 9.62 | 9.83 |
| 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 | 3.7% | 5.2% | 6.9% | 9.0% | 7.7% | 1.5% | 2.7% | 5.4% | 8.1% | 6.3% | 5.5% |
| Payout Ratio | 143.1% | 143.1% | 80.7% | — | 144.2% | 161.5% | — | 148.5% | 189.0% | 160.4% | 207.5% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 2.6% | 3.6% | 8.5% | — | 5.1% | 0.9% | — | 3.6% | 4.2% | 3.9% | 2.7% |
| FCF Yield | 3.4% | 4.9% | 7.3% | 7.3% | 5.9% | 0.2% | 1.9% | 4.2% | 4.7% | 5.5% | 6.6% |
| Buyback Yield | 0.0% | 0.0% | 0.3% | 0.0% | 0.4% | 0.2% | 0.4% | 0.0% | 0.0% | 0.3% | 0.2% |
| Total Shareholder Yield | 3.7% | 5.2% | 7.1% | 9.0% | 8.1% | 1.7% | 3.1% | 5.4% | 8.1% | 6.5% | 5.7% |
| Shares Outstanding | — | $169M | $167M | $165M | $162M | $146M | $144M | $143M | $140M | $139M | $138M |
High Fixed Cost Leverage
According to the provided quarterly data, NOI margins have fluctuated between 22.5% and 51.9%, suggesting that the company's profitability is highly sensitive to revenue cycles and the rigid, fixed-cost nature of its municipal transit franchise agreements which limit operational flexibility during periods of lower demand.
The wide variance in NOI margins indicates that OUT struggles to achieve consistent operating leverage, as the high minimum annual guarantees in transit contracts act as a floor for costs regardless of top-line performance. Investors should monitor whether digital conversion velocity can eventually decouple margin performance from these fixed-cost obligations.
Based on reported financial figures, the FFO payout ratio has exhibited extreme volatility, ranging from a low of 2.6% to a high of 93.7%, which implies that the dividend policy remains highly susceptible to the cyclical nature of advertising spend and underlying cash flow variability.
The erratic payout ratios suggest that the dividend is not currently managed as a stable, recurring distribution, but rather as a residual claim on volatile FFO. This lack of consistency warrants caution for income-focused investors who rely on predictable REIT distributions.
As reported in recent financial statements, the company maintains a debt-to-equity ratio consistently above 5.0, with a peak of 6.77 in 2024Q1, indicating a highly leveraged balance sheet that limits the firm's capacity to absorb shocks or fund aggressive capital-intensive digital infrastructure rollouts.
The elevated leverage profile suggests that interest coverage remains precarious, as evidenced by periods where the interest coverage ratio dipped near 0.44. This reliance on debt financing appears to be a primary constraint on the company's ability to navigate cyclical downturns without significant balance sheet stress.
Market participants frequently misapply standard P/E ratios to OUT, which obscures the true cash-generating capacity of the business by failing to account for the significant non-cash depreciation charges inherent in the company's extensive physical billboard and transit infrastructure assets.
Because depreciation is a non-cash expense that heavily distorts GAAP net income, the P/E ratio is a misleading valuation metric for this REIT. Analysts should instead prioritize P/AFFO or EV/EBITDA to better capture the actual cash flow available for distribution and debt service after accounting for maintenance capital expenditures.
Includes 30+ ratios · 15 years · Updated daily
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Quick answers to the most common questions about buying OUT stock.
Outfront Media Inc.'s current P/E ratio is 38.2x. The historical average is 32.8x. This places it at the 89th percentile of its historical range.
Outfront Media Inc.'s current EV/EBITDA is 21.0x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 14.1x.
Outfront Media Inc.'s return on equity (ROE) is 19.4%. The historical average is 6.7%.
Based on historical data, Outfront Media Inc. is trading at a P/E of 38.2x. This is at the 89th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Outfront Media Inc.'s current dividend yield is 3.74% with a payout ratio of 143.1%.
Outfront Media Inc. has 32.1% gross margin and 16.8% operating margin. Operating margin between 10-20% is typical for established companies.
Outfront Media Inc.'s Debt/EBITDA ratio is 8.8x, indicating high leverage. A ratio above 4x may signal elevated financial risk.