Latest Ratios: P/E Ratio 23.4x · EV/EBITDA 11.0x · ROE 3.5%. (2014–2025 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 | $44M | $49M | $64M | $165M | $125M | $154M | $92M | $84M | $60M | $47M | — |
| Enterprise Value | $311M | $316M | $314M | $499M | $385M | $306M | $211M | $122M | $88M | $56M | — |
| P/E Ratio → | 23.38 | 26.53 | — | 13.85 | 7.17 | 13.27 | 10.15 | 13.56 | 7.82 | 10.37 | — |
| P/S Ratio | 0.93 | 1.04 | 1.11 | 5.52 | 4.07 | 7.69 | 7.05 | 8.28 | 6.00 | 7.44 | — |
| P/B Ratio | 0.25 | 0.28 | 0.35 | 0.72 | 0.57 | 0.85 | 1.14 | 1.02 | 1.14 | 0.86 | — |
| P/FCF | 17.58 | 19.51 | 5.00 | 7.57 | 10.77 | 5.70 | 9.71 | 10.70 | 10.96 | 10.00 | — |
| P/OCF | 16.51 | 18.32 | 4.97 | 7.57 | 9.47 | 5.53 | 9.56 | 10.38 | 9.70 | 9.72 | — |
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 | — | 6.71 | 5.46 | 16.64 | 12.58 | 15.31 | 16.19 | 11.96 | 8.73 | 8.89 | — |
| EV / EBITDA | 11.02 | 11.19 | — | 33.17 | 17.35 | 20.92 | 21.00 | 15.97 | 11.13 | 11.51 | — |
| EV / EBIT | 11.23 | 9.96 | — | — | — | — | — | — | — | — | — |
| EV / FCF | — | 126.27 | 24.52 | 22.82 | 33.31 | 11.35 | 22.30 | 15.46 | 15.93 | 11.95 | — |
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 | 97.8% | 97.8% | 61.1% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 99.8% | 89.5% | 97.5% |
| Operating Margin | 58.8% | 58.8% | -20.4% | 50.2% | 72.5% | 73.2% | 77.1% | 74.9% | 78.1% | 76.8% | 86.2% |
| Net Profit Margin | 13.4% | 13.4% | -68.8% | 53.0% | 68.3% | 66.6% | 68.9% | 60.9% | 77.4% | 76.8% | 86.2% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 3.5% | 3.5% | -19.2% | 7.1% | 10.5% | 10.2% | 11.0% | 9.2% | 14.5% | 11.7% | 11.6% |
| ROA | 1.3% | 1.3% | -7.1% | 2.7% | 4.3% | 4.1% | 4.9% | 5.5% | 10.1% | 9.2% | 8.8% |
| ROIC | 4.8% | 4.8% | -1.8% | 2.2% | 4.1% | 4.1% | 4.7% | 5.7% | 8.2% | 7.4% | 7.2% |
| ROCE | 6.2% | 6.2% | -2.3% | 2.5% | 4.5% | 4.5% | 6.0% | 6.8% | 11.0% | 11.2% | 11.3% |
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 | 1.59 | 1.59 | 1.48 | 1.50 | 1.31 | 1.08 | 1.71 | 0.68 | 0.52 | 0.19 | 0.30 |
| Debt / EBITDA | 9.85 | 9.85 | — | 23.00 | 12.81 | 13.29 | 13.79 | 7.39 | 3.49 | 2.07 | 2.68 |
| Net Debt / Equity | — | 1.53 | 1.38 | 1.45 | 1.20 | 0.85 | 1.48 | 0.45 | 0.52 | 0.17 | 0.24 |
| Net Debt / EBITDA | 9.46 | 9.46 | — | 22.16 | 11.74 | 10.42 | 11.86 | 4.92 | 3.48 | 1.88 | 2.19 |
| Debt / FCF | — | 106.77 | 19.52 | 15.25 | 22.54 | 5.65 | 12.59 | 4.76 | 4.98 | 1.95 | 2.08 |
| Interest Coverage | 1.25 | 1.25 | -0.42 | 0.52 | 1.03 | 1.40 | 1.81 | 2.60 | -0.02 | -0.04 | 6.21 |
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 | 0.84 | 0.84 | 0.54 | — | — | — | 5.76 | 486.66 | 76.84 | 6.39 | 4.29 |
| Quick Ratio | 0.84 | 0.84 | 0.54 | — | — | — | 5.76 | 486.66 | 76.84 | 6.39 | 4.29 |
| Cash Ratio | 0.62 | 0.62 | 0.45 | — | — | — | 0.62 | 74.39 | 0.09 | 0.09 | 0.19 |
| Asset Turnover | — | 0.10 | 0.12 | 0.05 | 0.05 | 0.05 | 0.06 | 0.07 | 0.12 | 0.09 | 0.09 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| 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 | 22.1% | 19.5% | 25.8% | 13.3% | 15.1% | 8.0% | 8.7% | 11.5% | 11.3% | 12.3% | — |
| Payout Ratio | — | — | — | 137.9% | 90.0% | 92.1% | 88.5% | 156.3% | 87.3% | 119.3% | 127.2% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 4.3% | 3.8% | — | 7.2% | 13.9% | 7.5% | 9.9% | 7.4% | 12.8% | 9.6% | — |
| FCF Yield | 5.7% | 5.1% | 20.0% | 13.2% | 9.3% | 17.6% | 10.3% | 9.3% | 9.1% | 10.0% | — |
| Buyback Yield | 0.0% | 0.0% | 2.3% | 0.1% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — |
| Total Shareholder Yield | 22.1% | 19.5% | 28.1% | 13.4% | 15.1% | 8.0% | 8.7% | 11.5% | 11.3% | 12.3% | — |
| Shares Outstanding | — | $47M | $47M | $44M | $38M | $26M | $22M | $19M | $15M | $12M | $11M |
Portfolio credit quality deterioration
As reported in recent financial filings, Sachem Capital trades at a P/B ratio of 0.25, a valuation level that suggests the market is pricing in significant potential impairments to the underlying mortgage portfolio rather than viewing the company as a stable, income-generating REIT.
The extreme discount to book value indicates that investors are skeptical of the carrying value of the loan assets. This valuation gap warrants further investigation into whether the current loan-to-value ratios accurately reflect the liquidation potential of the collateral in the current market environment.
Based on the company's quarterly income statements, the NOI margin collapsed to negative 11.5% in 2026Q1, a stark reversal from the 97.1% margin achieved in 2025Q4, which suggests that property-level expenses and credit loss provisions are currently overwhelming the interest income generated by the loan portfolio.
The erratic nature of these margins appears to be driven by the transition of performing loans into non-accrual status and the subsequent costs of managing foreclosed properties. This trend suggests that the company's core lending profitability is being eroded by the operational drag of distressed assets.
According to recent balance sheet data, the debt-to-equity ratio reached 1.80 in 2026Q1, which, when viewed alongside the negative return on equity of -3.6%, indicates that the company's reliance on debt financing is becoming increasingly precarious as the underlying collateral value faces downward pressure.
The high leverage ratio leaves little room for error in a rising-rate environment where the cost of refinancing unsecured debt may continue to climb. Investors should monitor the interest coverage ratio, which has dipped into negative territory, as it may indicate a growing risk to the company's ability to service its existing debt obligations.
As indicated by historical financial statements, the market's reliance on a standard P/E ratio of 24.23 for Sachem Capital is deeply misleading, as it fails to account for the non-cash CECL provisions and depreciation that significantly distort the company's reported GAAP earnings.
For a mortgage REIT like Sachem, the P/E ratio obscures the true economic health of the portfolio by ignoring the cash-based distributable earnings. Analysts should instead focus on P/AFFO or the implied cap rate to better understand the actual cash-generating capacity of the underlying mortgage assets.
Includes 30+ ratios · 12 years · Updated daily
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Quick answers to the most common questions about buying SACH stock.
Sachem Capital Corp.'s current P/E ratio is 23.4x. The historical average is 12.8x. This places it at the 88th percentile of its historical range.
Sachem Capital Corp.'s current EV/EBITDA is 11.0x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 17.8x.
Sachem Capital Corp.'s return on equity (ROE) is 3.5%. The historical average is 7.6%.
Based on historical data, Sachem Capital Corp. is trading at a P/E of 23.4x. This is at the 88th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Sachem Capital Corp.'s current dividend yield is 22.10%.
Sachem Capital Corp. has 97.8% gross margin and 58.8% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
Sachem Capital Corp.'s Debt/EBITDA ratio is 9.8x, indicating high leverage. A ratio above 4x may signal elevated financial risk.