Latest Ratios: P/E Ratio 19.6x · EV/EBITDA N/A · ROE 3.7%. (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 | $230M | $197M | $170M | $231M | $159M | $304M | $209M | $253M | $196M | $243M | $265M |
| Enterprise Value | $314M | $282M | $360M | $390M | $259M | $400M | $351M | $591M | $472M | $450M | $542M |
| P/E Ratio → | 19.56 | 16.45 | 86.50 | — | — | 4.78 | — | — | — | 63.19 | — |
| P/S Ratio | 7.67 | 6.59 | 3.14 | 13.36 | 4.23 | 10.77 | 4.72 | 2.75 | 2.23 | 3.02 | 3.30 |
| P/B Ratio | 0.68 | 0.57 | 0.57 | 0.78 | 0.58 | 1.46 | 1.91 | 1.89 | 1.33 | 1.91 | 2.02 |
| P/FCF | — | — | — | — | — | — | — | — | — | — | — |
| P/OCF | — | — | — | — | — | — | — | — | — | 23.67 | — |
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 | — | 9.42 | 6.65 | 22.61 | 6.90 | 14.18 | 7.92 | 6.41 | 5.39 | 5.60 | 6.75 |
| EV / EBITDA | — | — | 105.67 | — | — | 4.28 | 50.03 | 27.91 | 13.80 | 4.37 | 6.77 |
| EV / EBIT | — | 29.34 | — | — | — | — | — | 131.88 | — | 18.33 | 860.98 |
| EV / FCF | — | — | — | — | — | — | — | — | — | — | — |
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 | -47.2% | -47.2% | 20.6% | -10.3% | 15.2% | 33.5% | 32.7% | 30.2% | 15.4% | 14.6% | 16.6% |
| Operating Margin | -73.4% | -73.4% | -4.0% | -98.1% | -20.7% | 296.3% | -15.0% | 11.0% | 2.5% | 28.9% | 1.5% |
| Net Profit Margin | 40.1% | 40.1% | 3.6% | -85.7% | 241.1% | 203.3% | -51.4% | -2.7% | -4.5% | 4.8% | -7.5% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 3.7% | 3.7% | 0.7% | -5.2% | 37.6% | 36.1% | -18.7% | -1.8% | -2.9% | 3.0% | -4.5% |
| ROA | 2.2% | 2.2% | 0.4% | -3.1% | 18.3% | 10.6% | -4.1% | -0.5% | -0.9% | 0.9% | -1.4% |
| ROIC | -3.6% | -3.6% | -0.3% | -3.1% | -1.7% | 22.6% | -1.4% | 1.7% | 0.4% | 4.7% | 0.2% |
| ROCE | -4.4% | -4.4% | -0.4% | -3.8% | -2.0% | 29.3% | -2.0% | 2.2% | 0.6% | 6.6% | 0.3% |
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 | 0.46 | 0.46 | 0.71 | 0.65 | 0.51 | 0.58 | 1.37 | 2.66 | 2.02 | 1.74 | 2.22 |
| Debt / EBITDA | — | — | 61.70 | — | — | 1.29 | 21.51 | 16.84 | 8.64 | 2.15 | 3.63 |
| Net Debt / Equity | — | 0.24 | 0.64 | 0.54 | 0.37 | 0.46 | 1.29 | 2.52 | 1.89 | 1.62 | 2.12 |
| Net Debt / EBITDA | — | — | 55.78 | — | — | 1.03 | 20.18 | 15.94 | 8.08 | 2.01 | 3.46 |
| Debt / FCF | — | — | — | — | — | — | — | — | — | — | — |
| Interest Coverage | 6.34 | 6.34 | — | — | -444.00 | -6.42 | -0.99 | 0.36 | -0.74 | 3.64 | 0.07 |
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 | 2.27 | 2.27 | 0.70 | 0.98 | 1.52 | 1.00 | 0.85 | 0.86 | 1.32 | 0.79 | 0.66 |
| Quick Ratio | 2.11 | 2.11 | 0.46 | 0.80 | 1.47 | 0.99 | 0.84 | 0.72 | 0.93 | 0.50 | 0.36 |
| Cash Ratio | 1.40 | 1.40 | 0.44 | 0.77 | 1.21 | 0.12 | 0.03 | 0.18 | 0.45 | 0.19 | 0.19 |
| Asset Turnover | — | 0.05 | 0.10 | 0.03 | 0.08 | 0.05 | 0.08 | 0.16 | 0.18 | 0.20 | 0.18 |
| Inventory Turnover | 5.20 | 5.20 | 3.84 | 2.58 | 17.93 | 10.58 | 7.10 | 4.32 | 4.52 | 3.03 | 3.16 |
| 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 | 0.1% | 0.1% | 0.2% | 0.3% | 24.4% | — | 0.0% | 0.0% | 0.0% | 3.4% | — |
| Payout Ratio | 2.1% | 2.1% | 19.2% | — | 42.8% | — | — | — | — | 209.7% | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 5.1% | 6.1% | 1.2% | — | — | 20.9% | — | — | — | 1.6% | — |
| FCF Yield | — | — | — | — | — | — | — | — | — | — | — |
| Buyback Yield | 1.4% | 1.6% | 0.9% | 0.9% | 5.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 1.5% | 1.7% | 1.2% | 1.2% | 29.3% | 0.0% | 0.0% | 0.0% | 0.0% | 3.4% | 0.0% |
| Shares Outstanding | — | $8M | $8M | $8M | $8M | $8M | $8M | $8M | $8M | $8M | $8M |
Austin market concentration risk
As reported in recent financial filings, the company's P/FFO multiple of 43.50x in 2026Q1 reflects a significant premium that appears disconnected from current operational performance, suggesting that the market is pricing the firm based on its underlying land bank value rather than recurring cash flow generation.
The elevated P/FFO multiple warrants caution, as it implies investors are paying for the potential of future entitlements rather than current income. Given the lumpy nature of asset sales, traditional valuation multiples may fail to capture the true economic value of the company's legacy Barton Creek land positions.
Based on the provided quarterly data, the company's NOI margin plummeted to -88.5% in 2026Q1, indicating that property-level operating expenses and development costs are currently outpacing rental income, which suggests a period of intense capital investment rather than sustainable operational profitability.
The negative NOI margin trend highlights the difficulty of maintaining profitability in a development-heavy model where fixed overhead remains high. Investors should monitor whether future leasing operations can achieve the scale necessary to offset the costs associated with the company's complex entitlement processes.
According to recent financial statements, the company has successfully reduced its debt-to-equity ratio to 0.46 in 2026Q1, reflecting a strategic pivot toward balance sheet preservation following the monetization of major assets within its Austin-centric development portfolio, which provides a significant buffer against interest rate volatility.
The reduction in debt-to-equity suggests a more defensive posture that may protect the company during periods of market cooling. This improved leverage profile appears to be a direct result of management's decision to prioritize liquidity over aggressive expansion in the current high-rate environment.
As evidenced by the persistent gap between GAAP net income and AFFO, the use of a standard P/E ratio is deeply misleading for Stratus Properties, as it fails to account for the significant non-cash depreciation and amortization charges inherent in the company's real estate development model.
Investors should prioritize FFO or NAV-based metrics over P/E, as the latter obscures the true economic cost of maintaining the company's land bank. Relying on P/E may lead to an inaccurate assessment of the firm's profitability, as it ignores the capital-intensive nature of the business and the timing of asset dispositions.
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying STRS stock.
Stratus Properties Inc.'s current P/E ratio is 19.6x. The historical average is 35.2x. This places it at the 60th percentile of its historical range.
Stratus Properties Inc.'s return on equity (ROE) is 3.7%. The historical average is 4.4%.
Based on historical data, Stratus Properties Inc. is trading at a P/E of 19.6x. This is at the 60th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Stratus Properties Inc.'s current dividend yield is 0.10% with a payout ratio of 2.1%.
Stratus Properties Inc. has -47.2% gross margin and -73.4% operating margin.