Latest Ratios: P/E Ratio 12.8x · EV/EBITDA 6.8x · ROE 5.9%. (1996–2025 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 | $68M | $142M | $126M | $62M | $44M | $73M | $129M | $263M | $393M | $304M | $66M |
| Enterprise Value | $57M | $131M | $101M | $64M | $30M | $87M | $138M | $274M | $386M | $300M | $63M |
| P/E Ratio → | 12.77 | 27.00 | 9.58 | 8.00 | — | 14.50 | 43.25 | 78.64 | 32.86 | 135.00 | — |
| P/S Ratio | 0.72 | 1.50 | 1.57 | 0.90 | 0.88 | 1.08 | 2.35 | 6.16 | 13.07 | 23.18 | 6.71 |
| P/B Ratio | 0.75 | 1.59 | 1.48 | 0.88 | 0.88 | 1.44 | 3.39 | 7.95 | 22.87 | 58.30 | 29.21 |
| P/FCF | 7.07 | 14.74 | 15.03 | — | — | — | 1.34 | 11.93 | 113.36 | 293.58 | — |
| P/OCF | 6.64 | 13.83 | 12.56 | — | — | 13.11 | 1.33 | 10.82 | 80.70 | 209.27 | — |
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 | — | 1.39 | 1.25 | 0.92 | 0.60 | 1.28 | 2.51 | 6.41 | 12.84 | 22.89 | 6.43 |
| EV / EBITDA | 6.79 | 15.55 | 5.33 | 3.17 | 20.80 | 10.78 | 23.51 | 49.79 | 51.39 | 123.75 | 10.77 |
| EV / EBIT | 9.50 | 21.75 | 5.67 | 5.54 | — | 12.16 | 38.79 | 62.05 | 52.40 | 129.91 | — |
| EV / FCF | — | 13.62 | 11.97 | — | — | — | 1.43 | 12.42 | 111.33 | 289.94 | — |
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 | 92.6% | 92.6% | 43.4% | 51.5% | 38.4% | 38.9% | 38.8% | 45.5% | 44.5% | 53.4% | 41.4% |
| Operating Margin | 6.4% | 6.4% | 21.7% | 26.1% | 0.9% | 9.8% | 7.8% | 10.5% | 24.5% | 17.6% | 56.8% |
| Net Profit Margin | 5.4% | 5.4% | 16.5% | 11.3% | -4.0% | 7.5% | 5.4% | 7.6% | 39.8% | 16.5% | -56.8% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 5.9% | 5.9% | 17.1% | 13.0% | -4.0% | 11.4% | 8.4% | 12.9% | 106.9% | 57.8% | -62.2% |
| ROA | 0.8% | 0.8% | 2.0% | 1.0% | -0.2% | 0.4% | 0.3% | 1.2% | 98.9% | 43.8% | -51.6% |
| ROIC | 4.7% | 4.7% | 15.4% | 19.8% | 0.5% | 8.3% | 6.5% | 10.3% | 48.9% | 46.4% | 46.6% |
| ROCE | 6.3% | 6.3% | 20.3% | 26.2% | 0.7% | 12.7% | 10.9% | 17.1% | 65.3% | 55.7% | 59.5% |
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 | 0.13 | 0.13 | 0.08 | 0.10 | 0.19 | 0.35 | 0.33 | 0.47 | 0.01 | — | — |
| Debt / EBITDA | 1.38 | 1.38 | 0.37 | 0.36 | 6.59 | 2.20 | 2.13 | 2.80 | 0.02 | — | — |
| Net Debt / Equity | — | -0.12 | -0.30 | 0.02 | -0.28 | 0.27 | 0.23 | 0.32 | -0.41 | -0.72 | -1.21 |
| Net Debt / EBITDA | -1.28 | -1.28 | -1.37 | 0.08 | -9.91 | 1.73 | 1.51 | 1.95 | -0.94 | -1.55 | -0.47 |
| Debt / FCF | — | -1.12 | -3.06 | — | — | — | 0.09 | 0.49 | -2.04 | -3.64 | — |
| Interest Coverage | 13.31 | 13.31 | 67.67 | 43.81 | -8.75 | 19.71 | 10.16 | 32.73 | — | 154.00 | — |
Net cash position: cash ($22M) exceeds total debt ($12M)
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 | 1.10 | 1.10 | 1.15 | 1.07 | 1.05 | 1.02 | 1.02 | 1.03 | 13.22 | 6.98 | 4.98 |
| Quick Ratio | 1.10 | 1.10 | 1.15 | 1.07 | 1.05 | 1.02 | 1.02 | 1.03 | 13.22 | 6.98 | 4.98 |
| Cash Ratio | 0.03 | 0.03 | 0.08 | 0.01 | 0.04 | 0.00 | 0.00 | 0.01 | 8.69 | 4.63 | 3.70 |
| Asset Turnover | — | 0.12 | 0.15 | 0.09 | 0.07 | 0.05 | 0.04 | 0.08 | 1.65 | 2.18 | 2.57 |
| 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 | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | 49.4% | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 7.8% | 3.7% | 10.4% | 12.5% | — | 6.9% | 2.3% | 1.3% | 3.0% | 0.7% | — |
| FCF Yield | 14.1% | 6.8% | 6.7% | — | — | — | 74.8% | 8.4% | 0.9% | 0.3% | — |
| Buyback Yield | 0.0% | — | — | — | — | — | — | — | — | — | — |
| Total Shareholder Yield | 0.0% | — | — | — | — | — | — | — | — | — | — |
| Shares Outstanding | — | $40M | $40M | $37M | $32M | $31M | $31M | $30M | $27M | $23M | $22M |
High Operating Margin Volatility
Based on current market data, SIEB trades at a P/E of 13.08 and a P/S of 0.74, suggesting that investors are pricing in significant skepticism regarding the firm's ability to achieve consistent, high-margin growth compared to larger, more diversified capital markets peers in the current environment.
The valuation multiples appear to reflect a discount for the firm's historical earnings volatility and the lack of a clear forward-looking earnings trajectory. Investors should monitor whether the current P/B of 0.77 represents a genuine value opportunity or a structural reflection of the firm's limited ability to generate sustainable returns on its equity base.
As reported in recent financial statements, SIEB's ROIC has fluctuated wildly between -4.4% and 8.2% over the last ten quarters, indicating that the firm struggles to consistently compound capital in a manner that creates long-term value for shareholders relative to its cost of capital.
The extreme variance in returns suggests that the firm's profitability is tethered to transient market cycles rather than a stable, compounding business model. This inconsistency warrants further investigation into whether management can optimize its asset base to produce more predictable returns during periods of lower market volatility.
According to quarterly data, SIEB's asset turnover remains consistently low at approximately 0.03 to 0.05, which, when combined with DSO figures often exceeding 300 days, suggests that the firm's operational efficiency is heavily impacted by the timing of client settlements and clearing house requirements.
These metrics imply that the firm's asset-light model is not necessarily synonymous with high operational velocity. The reliance on long-dated receivables suggests that the firm's working capital management is a primary driver of its liquidity profile, potentially masking underlying inefficiencies in its core brokerage service delivery.
Based on reported figures, SIEB maintains a minimal debt-to-equity ratio of 0.13, providing a fortress-like balance sheet that protects the firm from interest rate sensitivity, yet this lack of leverage does little to mitigate the inherent volatility of its operating income and cash flow generation.
While the firm avoids the refinancing risks that plague more leveraged competitors, the low debt levels appear to be a defensive necessity rather than a strategic choice. Investors should monitor whether this capital structure remains sustainable if the firm continues to experience periods of negative operating margins.
As indicated by the financial data, the current ratio of 86.74 is a commonly misapplied metric for SIEB, as it is heavily distorted by client-related cash balances that are not available for general corporate use, thereby providing a false sense of the firm's true unencumbered liquidity.
Analysts should instead focus on cash-to-operating-expense ratios or adjusted liquidity metrics that strip out client-segregated assets. Relying on the headline current ratio obscures the firm's actual vulnerability to sudden, market-driven liquidity demands that could arise during periods of extreme volatility.
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying SIEB stock.
Siebert Financial Corp.'s current P/E ratio is 12.8x. The historical average is 47.9x. This places it at the 17th percentile of its historical range.
Siebert Financial Corp.'s current EV/EBITDA is 6.8x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 16.5x.
Siebert Financial Corp.'s return on equity (ROE) is 5.9%. The historical average is 7.4%.
Based on historical data, Siebert Financial Corp. is trading at a P/E of 12.8x. This is at the 17th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Siebert Financial Corp. has 92.6% gross margin and 6.4% operating margin.
Siebert Financial Corp.'s Debt/EBITDA ratio is 1.4x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.