Latest Ratios: P/E Ratio 18.1x · EV/EBITDA 4.9x · ROE 4.8%. (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 | $78M | $134M | $175M | $161M | $184M | $166M | $132M | $111M | $110M | $130M | $106M |
| Enterprise Value | $58M | $113M | $129M | $120M | $143M | $122M | $119M | $130M | $41M | $77M | $71M |
| P/E Ratio → | 18.13 | 27.12 | 18.39 | 17.71 | 9.78 | 11.30 | 7.55 | 7.19 | 11.41 | 24.32 | 21.21 |
| P/S Ratio | 0.62 | 1.07 | 1.42 | 1.37 | 1.50 | 1.26 | 1.22 | 1.08 | 1.11 | 1.43 | 1.32 |
| P/B Ratio | 1.05 | 1.57 | 1.46 | 1.32 | 1.47 | 1.42 | 1.28 | 1.13 | 1.33 | 1.81 | 1.60 |
| P/FCF | 5.21 | 8.92 | 8.81 | 9.41 | 8.22 | 3.84 | 5.04 | 7.40 | 4.05 | 4.53 | 6.13 |
| P/OCF | 4.19 | 7.18 | 8.12 | 7.67 | 7.88 | 3.76 | 4.92 | 5.90 | 3.81 | 4.40 | 5.88 |
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 | — | 0.91 | 1.05 | 1.02 | 1.16 | 0.93 | 1.10 | 1.28 | 0.41 | 0.85 | 0.88 |
| EV / EBITDA | 4.93 | 9.66 | 5.94 | 5.25 | 3.37 | 3.55 | 4.52 | 5.91 | 1.73 | 3.33 | 4.09 |
| EV / EBIT | 6.21 | 10.14 | 7.33 | 6.02 | 3.69 | 3.79 | 5.06 | 6.18 | 1.78 | 2.93 | 4.74 |
| EV / FCF | — | 7.58 | 6.50 | 7.01 | 6.38 | 2.82 | 4.52 | 8.71 | 1.50 | 2.68 | 4.10 |
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 | 33.0% | 33.0% | 38.0% | 38.1% | 41.9% | 44.9% | 42.2% | 41.2% | 41.3% | 40.7% | 38.9% |
| Operating Margin | 7.4% | 7.4% | 14.3% | 16.0% | 31.3% | 23.2% | 20.6% | 18.5% | 21.4% | 22.3% | 18.2% |
| Net Profit Margin | 3.9% | 3.9% | 7.7% | 7.7% | 15.3% | 11.2% | 9.2% | 8.5% | 9.8% | 5.8% | 6.2% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 4.8% | 4.8% | 7.9% | 7.3% | 15.5% | 13.3% | 9.9% | 9.6% | 12.5% | 7.7% | 7.9% |
| ROA | 2.7% | 2.7% | 4.8% | 4.4% | 8.5% | 6.6% | 4.7% | 5.0% | 7.7% | 4.6% | 4.5% |
| ROIC | 5.6% | 5.6% | 9.0% | 9.0% | 18.0% | 14.7% | 10.4% | 11.2% | 20.4% | 21.6% | 16.3% |
| ROCE | 5.3% | 5.3% | 10.0% | 11.4% | 22.7% | 18.5% | 13.1% | 12.2% | 17.3% | 18.4% | 13.8% |
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 | 0.28 | 0.28 | 0.19 | 0.24 | 0.29 | 0.36 | 0.47 | 0.74 | 0.00 | 0.01 | 0.04 |
| Debt / EBITDA | 2.04 | 2.04 | 1.03 | 1.28 | 0.85 | 1.21 | 1.87 | 3.28 | 0.01 | 0.03 | 0.14 |
| Net Debt / Equity | — | -0.24 | -0.38 | -0.34 | -0.33 | -0.38 | -0.13 | 0.20 | -0.84 | -0.74 | -0.53 |
| Net Debt / EBITDA | -1.71 | -1.71 | -2.12 | -1.79 | -0.97 | -1.28 | -0.51 | 0.89 | -2.93 | -2.29 | -2.02 |
| Debt / FCF | — | -1.34 | -2.32 | -2.40 | -1.84 | -1.02 | -0.52 | 1.31 | -2.55 | -1.84 | -2.03 |
| Interest Coverage | 79.35 | 79.35 | 122.49 | 47.30 | 93.31 | 84.21 | 41.63 | 43.81 | 369.16 | 235.51 | 65.33 |
Net cash position: cash ($44M) exceeds total debt ($24M)
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 | 13.97 | 13.97 | 41.87 | 2.14 | 2.21 | 1.59 | 1.45 | 1.83 | 26.65 | 18.35 | 11.31 |
| Quick Ratio | 13.97 | 13.97 | 41.87 | 2.14 | 2.21 | 1.59 | 1.45 | 1.83 | 26.65 | 18.35 | 11.31 |
| Cash Ratio | 10.95 | 10.95 | 35.13 | 1.79 | 1.87 | 1.39 | 1.20 | 1.52 | 23.51 | 15.35 | 8.36 |
| Asset Turnover | — | 0.75 | 0.64 | 0.59 | 0.58 | 0.57 | 0.51 | 0.48 | 0.74 | 0.78 | 0.71 |
| 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 | 7.9% | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | 144.8% | 144.8% | 77.6% | 76.9% | 36.3% | 43.5% | 61.3% | 61.6% | 48.4% | 73.0% | 76.9% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 5.5% | 3.7% | 5.4% | 5.6% | 10.2% | 8.9% | 13.2% | 13.9% | 8.8% | 4.1% | 4.7% |
| FCF Yield | 19.2% | 11.2% | 11.3% | 10.6% | 12.2% | 26.1% | 19.8% | 13.5% | 24.7% | 22.1% | 16.3% |
| Buyback Yield | 39.1% | — | — | — | — | — | — | — | — | — | — |
| Total Shareholder Yield | 47.0% | — | — | — | — | — | — | — | — | — | — |
| Shares Outstanding | — | $9M | $10M | $9M | $10M | $10M | $10M | $9M | $8M | $8M | $8M |
Operating margin volatility
According to recent market data, Silvercrest trades at a forward P/E of 10.07, which suggests that investors are pricing in minimal long-term growth expectations compared to the broader asset management sector, likely reflecting the firm's reliance on market-driven AUM rather than aggressive net new asset acquisition.
The current P/S ratio of 0.71 indicates that the market is discounting the firm's revenue stream, likely due to the lack of scalability in its high-touch advisory model. Investors should monitor whether the 6.9% dividend yield is a sustainable return of capital or a signal that the market sees limited internal reinvestment opportunities for growth.
As reported in financial statements, Silvercrest's operating margin has compressed significantly to 7.44%, indicating that the firm's high-touch service model is struggling to maintain profitability as compensation costs for specialized advisory talent continue to consume a larger portion of the firm's gross management fee revenue.
The net margin of 3.90% appears particularly vulnerable to market volatility, as the firm lacks the operating leverage to absorb downturns without immediate bottom-line impact. This suggests that the firm's true earning power is currently constrained by its fixed-cost structure, which warrants further investigation into the sustainability of its current compensation-to-revenue ratio.
Based on the reported figures, Silvercrest's ROIC has trended in a low single-digit range, peaking at 2.9% in 2024Q1 before declining to 0.8% in 2026Q1, which suggests that the firm is failing to generate meaningful returns on its invested capital relative to its historical performance.
The decay in ROIC appears driven by both stagnant margins and an inability to optimize asset turnover, which has remained consistently low at approximately 0.20. This trend indicates that the firm's capital allocation strategy is not currently creating value, and investors should monitor whether this is a structural limitation of the boutique wealth management model.
According to quarterly filings, the firm's asset turnover has remained stagnant at 0.20, revealing that the business model is highly capital-intensive relative to its revenue generation, with little evidence of improved efficiency in managing its client-facing advisory operations over the last ten quarters.
The lack of a clear trend in DSO, which has fluctuated between 11 and 38 days, suggests that the firm's working capital cycle is highly sensitive to the timing of fee collections. This volatility makes it difficult to assess the underlying efficiency of the firm's billing processes and warrants caution regarding short-term cash flow predictability.
The market frequently misapplies standard P/E multiples to Silvercrest, failing to account for the fact that the firm's 'Up-C' structure and partner-heavy compensation model significantly distort reported net income, making traditional earnings-based valuation metrics less reliable than a direct analysis of fee-based cash flow generation.
Investors should instead focus on the 'Capture Ratio' of market returns and the stability of the management fee base, as these metrics better reflect the firm's true economic value. Relying on P/E ratios obscures the reality that a large portion of the firm's gross profit is essentially a variable distribution to partners rather than a sustainable return to public shareholders.
Includes 30+ ratios · 15 years · Updated daily
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Quick answers to the most common questions about buying SAMG stock.
Silvercrest Asset Management Group Inc.'s current P/E ratio is 18.1x. The historical average is 16.1x. This places it at the 62th percentile of its historical range.
Silvercrest Asset Management Group Inc.'s current EV/EBITDA is 4.9x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 4.8x.
Silvercrest Asset Management Group Inc.'s return on equity (ROE) is 4.8%. The historical average is 13.8%.
Based on historical data, Silvercrest Asset Management Group Inc. is trading at a P/E of 18.1x. This is at the 62th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Silvercrest Asset Management Group Inc.'s current dividend yield is 7.93% with a payout ratio of 144.8%.
Silvercrest Asset Management Group Inc. has 33.0% gross margin and 7.4% operating margin.
Silvercrest Asset Management Group Inc.'s Debt/EBITDA ratio is 2.0x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.