Alexandria Real Estate Equities
Financial ratios & Valuation

Forward Multiples (2025 – 2027)

202520262027
Price/Earnings ratio
20.3719.15N/A
Price/Sales ratio
3.663.483.12
Earnings per Share (EPS)
$3.85$4.09N/A

Historical Multiples (2014 – 2023)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
62.1744.81-128.0770.7022.94101.0838.0178.5845.14209.0521.88101.08
Price/Sales ratio
8.687.889.4010.638.9411.8311.9115.499.097.505.6011.83
Price/Book Value ratio
1.641.621.722.001.612.041.912.021.241.170.922.04
Price/Cash Flow ratio
18.8918.8621.5026.5420.8126.5125.4632.4218.1913.2810.2026.51
Price/Free Cash Flow ratio
-30.10-18.96-8.08-10.83-8.6426.51-9.41-5.1818.1913.2813.55-8.64
Price/Earnings Growth ratio
-1.680.730.83-0.250.10-1.480.19-1.993.77-2.51-0.52-0.52
Dividend Yield
3.61%3.76%3.11%2.69%3.25%2.48%2.37%2.00%3.21%3.91%3.93%3.25%
Profitability Indicator Ratios
Gross Profit Margin
69.84%68.12%68.99%71.04%71.28%70.90%71.88%70.50%69.75%70.22%17.84%70.90%
Operating Profit Margin
24.88%16.66%4.57%16.07%31.80%28.89%28.21%25.08%24.21%37.70%36.96%31.80%
Pretax Profit Margin
14.52%17.83%-5.54%17.27%30.34%26.38%43.86%30.94%25.90%9.73%31.32%30.34%
Net Profit Margin
13.97%17.59%-7.33%15.03%38.97%11.71%31.35%19.71%20.14%3.59%25.19%25.19%
Effective Tax Rate
3.76%1.32%-32.33%12.93%-28.43%55.61%28.52%36.29%14.04%N/A-11.94%-28.43%
Return on Assets
1.24%1.61%-0.63%1.39%3.57%0.97%2.58%1.37%1.46%0.28%2.00%2.00%
Return On Equity
2.65%3.62%-1.34%2.84%7.04%2.02%5.04%2.57%2.74%0.56%4.21%4.21%
Return on Capital Employed
2.48%1.65%0.42%1.59%3.20%2.67%2.54%1.92%1.90%3.02%3.14%3.14%
Liquidity Ratios
Current Ratio
0.420.630.350.660.480.430.60N/AN/AN/A0.290.43
Quick Ratio
0.140.300.280.460.18-0.02-0.01-0.020.341.050.290.18
Cash ratio
0.100.180.170.340.180.100.290.130.300.800.230.18
Days of Sales Outstanding
5.2912.0719.4015.9813.602.541.411.279.423.047.707.70
Days of Inventory outstanding
N/AN/AN/AN/A37.49251.38438.94286.57-22.88-13.83N/A251.38
Operating Cycle
5.2912.0719.4015.9851.09253.93440.35287.84-13.45-10.797.70253.93
Days of Payables Outstanding
364.62335.10480.06392.21206.42163.03196.20300.52181.64222.7968.04163.03
Cash Conversion Cycle
-359.32-323.03-460.65-376.22-155.3290.89244.15-12.68-195.10-233.59-60.33-155.32
Debt Ratios
Debt Ratio
0.420.420.400.39N/A0.360.330.290.280.300.320.36
Debt Equity Ratio
0.890.950.850.79N/A0.760.640.540.530.610.690.76
Long-term Debt to Capitalization
0.460.480.440.44N/A0.430.390.350.340.370.400.43
Total Debt to Capitalization
0.470.480.450.44N/A0.430.390.350.340.370.410.43
Interest Coverage Ratio
2.812.242.262.382.402.483.05N/AN/AN/A6.992.40
Cash Flow to Debt Ratio
0.090.090.090.09N/A0.100.110.110.120.140.130.13
Company Equity Multiplier
2.122.242.112.031.972.071.941.861.871.992.111.97
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.450.410.430.400.420.440.460.470.490.560.540.42
Free Cash Flow / Operating Cash Flow Ratio
-0.62-0.99-2.65-2.45-2.401-2.70-6.25110.76-2.40
Cash Flow Coverage Ratio
0.090.090.090.09N/A0.100.110.110.120.140.130.13
Short Term Coverage Ratio
5.47N/A1.8261.76N/AN/AN/AN/AN/A50.95K3.64N/A
Dividend Payout Ratio
224.73%168.55%-398.72%190.27%74.58%251.55%90.15%157.37%145.25%817.72%114.57%74.58%