Latest Ratios: P/E Ratio 2.2x · EV/EBITDA 11.0x · ROE 343.0%. (2012–2025 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 | $2.6B | $1.9B | $1.3B | $1.4B | $1.3B | $3.7B | $2.4B | $1.5B | $2.8B | $3.0B | $3.9B |
| Enterprise Value | $12.5B | $11.8B | $7.0B | $6.9B | $6.5B | $8.8B | $7.1B | $6.5B | $7.6B | $7.5B | $7.8B |
| P/E Ratio → | 2.21 | 1.44 | 14.28 | — | — | 27.70 | — | 205.73 | 368.90 | — | — |
| P/S Ratio | 1.17 | 0.84 | 1.12 | 1.19 | 1.16 | 3.37 | 2.24 | 1.46 | 2.71 | 3.29 | 5.04 |
| P/B Ratio | 7.55 | 4.91 | — | — | — | — | — | — | — | — | 1.50 |
| P/FCF | — | — | 110.25 | — | 40.10 | 32.70 | — | 5.78 | 56.06 | 12.58 | 11.38 |
| P/OCF | 7.47 | 5.33 | 3.57 | 3.87 | 2.84 | 7.42 | 15.22 | 2.50 | 5.84 | 7.43 | 10.32 |
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 | — | 5.26 | 6.03 | 6.03 | 5.79 | 8.00 | 6.70 | 6.12 | 7.49 | 8.18 | 10.11 |
| EV / EBITDA | 10.96 | 10.31 | 7.63 | 5.78 | 7.38 | 7.76 | 6.69 | 5.59 | 6.20 | 6.40 | 7.34 |
| EV / EBIT | 26.39 | 24.81 | 12.46 | 11.97 | 18.72 | 15.90 | 17.45 | 18.74 | 23.35 | 24.82 | 25.12 |
| EV / FCF | — | — | 592.98 | — | 200.69 | 77.75 | — | 24.27 | 154.83 | 31.31 | 22.84 |
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 | 36.9% | 36.9% | 100.0% | 86.3% | 100.0% | 86.0% | 79.1% | 80.7% | 84.8% | 88.2% | 93.7% |
| Operating Margin | 21.2% | 21.2% | 52.0% | 77.4% | 52.4% | 76.8% | 69.2% | 71.0% | 76.5% | 80.3% | 89.1% |
| Net Profit Margin | 58.4% | 58.4% | 8.0% | -7.1% | -0.7% | 11.2% | -66.2% | 1.0% | 1.6% | -1.0% | -0.0% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 343.0% | 343.0% | — | — | — | — | — | — | — | -1.3% | -0.0% |
| ROA | 15.1% | 15.1% | 1.8% | -1.7% | -0.2% | 2.6% | -14.5% | 0.2% | 0.4% | -0.2% | -0.0% |
| ROIC | 5.2% | 5.2% | 14.3% | 22.1% | 14.9% | 22.3% | 18.1% | 16.3% | 17.1% | 11.2% | 11.8% |
| ROCE | 6.5% | 6.5% | 17.7% | 27.5% | 18.5% | 27.2% | 22.3% | 20.6% | 21.6% | 22.7% | 26.2% |
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 | 26.35 | 26.35 | — | — | — | — | — | — | — | — | 1.58 |
| Debt / EBITDA | 8.79 | 8.79 | 6.38 | 4.69 | 5.96 | 4.55 | 4.52 | 4.38 | 3.98 | 3.88 | 3.84 |
| Net Debt / Equity | — | 25.99 | — | — | — | — | — | — | — | — | 1.51 |
| Net Debt / EBITDA | 8.67 | 8.67 | 6.21 | 4.64 | 5.91 | 4.49 | 4.45 | 4.26 | 3.95 | 3.83 | 3.68 |
| Debt / FCF | — | — | 482.73 | — | 160.59 | 45.05 | — | 18.49 | 98.77 | 18.72 | 11.47 |
| Interest Coverage | 0.79 | 0.79 | 1.16 | 1.19 | 0.93 | 1.24 | 0.82 | 0.88 | 1.02 | 0.99 | 1.13 |
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 | 0.74 | 0.74 | 0.20 | 0.13 | 0.09 | 0.09 | 0.14 | 0.16 | 0.21 | 0.20 | 0.51 |
| Quick Ratio | 0.70 | 0.70 | 0.20 | 0.13 | 0.09 | 0.09 | 0.14 | 0.16 | 0.24 | 0.21 | 0.51 |
| Cash Ratio | 0.12 | 0.12 | 0.09 | 0.04 | 0.03 | 0.04 | 0.04 | 0.10 | 0.04 | 0.08 | 0.40 |
| Asset Turnover | — | 0.19 | 0.22 | 0.23 | 0.23 | 0.23 | 0.23 | 0.21 | 0.22 | 0.21 | 0.23 |
| Inventory Turnover | 32.03 | 32.03 | — | — | — | — | — | — | — | — | — |
| 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 | — | — | 8.3% | 7.8% | 11.0% | 3.8% | 5.7% | 9.0% | 15.4% | 13.3% | 9.5% |
| Payout Ratio | — | — | 116.1% | — | — | 114.3% | — | 1311.0% | 2632.3% | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 45.2% | 69.5% | 7.0% | — | — | 3.6% | — | 0.5% | 0.3% | — | — |
| FCF Yield | — | — | 0.9% | — | 2.5% | 3.1% | — | 17.3% | 1.8% | 7.9% | 8.8% |
| Buyback Yield | 0.0% | 0.0% | 0.1% | 0.1% | 0.4% | 0.1% | 0.0% | 0.1% | 0.0% | 0.1% | 0.0% |
| Total Shareholder Yield | 0.0% | 0.0% | 8.4% | 8.0% | 11.3% | 3.9% | 5.7% | 9.1% | 15.4% | 13.4% | 9.5% |
| Shares Outstanding | — | $267M | $143M | $143M | $142M | $159M | $123M | $113M | $107M | $102M | $92M |
High debt leverage
According to the latest quarterly data, Uniti Group's NOI margin has compressed significantly to 31.4% in 2026Q1, a sharp decline from the 100% levels observed in mid-2025, which suggests that the company is shifting toward more operationally intensive fiber solutions that carry higher direct costs.
The transition from pure-play leasing to a more complex fiber solutions model appears to be weighing on property-level profitability. Investors should monitor whether this margin compression is a temporary byproduct of integration or a permanent shift in the company's cost structure as it scales its enterprise footprint.
As reported in recent financial statements, Uniti Group's debt-to-equity ratio reached 34.75 in 2026Q1, a figure that underscores the company's extreme reliance on external financing to maintain its massive debt load in a high-interest rate environment that complicates long-term capital structure stability.
The elevated leverage profile suggests that the company remains highly sensitive to interest rate volatility and refinancing risks. Given the thin equity base, any further deterioration in asset values or cash flow generation could significantly impair the company's ability to service its debt obligations.
Based on reported figures, Uniti Group's AFFO has frequently entered negative territory, including a $152.3 million deficit in 2026Q1, which indicates that the company currently lacks the recurring cash flow necessary to support a sustainable dividend payout without relying on external financing or balance sheet liquidity.
The persistent gap between FFO and AFFO highlights the heavy maintenance capital expenditure required to keep the fiber network operational. This suggests that the dividend is not currently supported by organic cash flow, warranting caution regarding the long-term viability of current distribution levels.
As indicated by historical data, the market's reliance on standard P/E ratios for Uniti Group is deeply misleading, as GAAP net income is heavily distorted by non-cash depreciation and one-time accounting adjustments that fail to reflect the REIT's actual cash-generating capacity.
Investors should prioritize FFO and AFFO metrics over P/E, as the latter obscures the true economic reality of the company's capital-intensive fiber infrastructure. Relying on P/E ignores the significant maintenance capex required to sustain the asset base, leading to a potential mispricing of the company's valuation.
Includes 30+ ratios · 14 years · Updated daily
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Quick answers to the most common questions about buying UNIT stock.
Uniti Group Inc.'s current P/E ratio is 2.2x. The historical average is 30.8x. This places it at the 25th percentile of its historical range.
Uniti Group Inc.'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 7.0x.
Uniti Group Inc.'s return on equity (ROE) is 343.0%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 120.8%.
Based on historical data, Uniti Group Inc. is trading at a P/E of 2.2x. This is at the 25th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Uniti Group Inc. has 36.9% gross margin and 21.2% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
Uniti Group Inc.'s Debt/EBITDA ratio is 8.8x, indicating high leverage. A ratio above 4x may signal elevated financial risk.