Piedmont Office Realty Trust
Financial ratios & Valuation

Forward Multiples (2025 – 2028)

2025202620272028
Price/Earnings ratio
-32.19-128.61N/AN/A
Price/Sales ratio
1.741.752.052.00
Earnings per Share (EPS)
$-0.24$-0.06N/AN/A

Historical Multiples (2014 – 2023)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
67.0715.8828.1420.9016.5016.8311.65-36.374.14-18.17-14.1616.83
Price/Sales ratio
5.134.695.464.864.085.243.814.302.001.521.825.24
Price/Book Value ratio
1.251.251.391.401.251.531.071.270.610.510.671.53
Price/Cash Flow ratio
13.4612.6412.8711.4910.6013.4110.559.405.254.185.9813.41
Price/Free Cash Flow ratio
61.8727.8424.1817.1216.4426.6425.2819.0512.0516.92-516.7626.64
Price/Earnings Growth ratio
-1.200.04-0.740.771.720.592.190.26-0.000.15-3.540.59
Dividend Yield
4.30%4.60%3.01%4.38%8.55%3.80%5.20%4.55%9.22%10.59%5.67%5.67%
Profitability Indicator Ratios
Gross Profit Margin
57.71%58.61%60.60%61.57%60.19%60.35%59.82%60.10%59.90%58.97%31.40%60.35%
Operating Profit Margin
19.04%13.14%13.27%14.15%21.99%17.30%17.07%17.23%15.38%13.37%3.09%17.30%
Pretax Profit Margin
7.07%0.80%1.67%3.07%10.38%42.99%43.49%-0.22%26.04%-8.37%-8.70%42.99%
Net Profit Margin
7.65%29.58%19.41%23.26%24.77%31.15%32.72%-11.84%48.34%-8.37%-12.90%31.15%
Effective Tax Rate
176.87%-1967.74%-358.41%-244.76%-0.07%27.55%24.74%-5268.55%-85.64%N/A-108.69%27.55%
Return on Assets
0.90%3.90%2.42%3.33%3.62%4.72%4.68%-1.59%6.67%-1.19%-1.86%4.72%
Return On Equity
1.87%7.87%4.95%6.72%7.61%9.13%9.23%-3.50%14.75%-2.81%-4.61%9.13%
Return on Capital Employed
2.32%1.79%1.73%2.16%3.36%2.76%2.56%2.45%2.22%1.94%0.47%2.76%
Liquidity Ratios
Current Ratio
1.781.971.341.161.731.372.24N/AN/AN/A1.331.37
Quick Ratio
1.521.631.151.021.410.971.64-0.001.072.171.331.33
Cash ratio
0.070.030.030.020.020.070.040.030.080.000.530.02
Days of Sales Outstanding
112.51108.43126.3399.55102.4096.22108.88196.14114.45121.14120.25102.40
Days of Inventory outstanding
-33.75-29.66-37.41-34.97-41.650.000.00524.004.94N/AN/A-41.65
Operating Cycle
78.7578.7788.9164.5760.7496.22108.88720.15119.40121.14120.2560.74
Days of Payables Outstanding
204.25193.75275.76190.00163.44202.88190.19198.05178.10202.51134.16202.88
Cash Conversion Cycle
-125.49-114.98-186.85-125.43-102.70-106.65-81.31522.10-58.70-81.37-13.90-102.70
Debt Ratios
Debt Ratio
0.560.450.450.430.410.420.430.470.480.500.530.41
Debt Equity Ratio
1.170.920.920.870.860.810.851.051.071.191.360.86
Long-term Debt to Capitalization
0.490.480.460.460.460.440.400.510.460.490.570.46
Total Debt to Capitalization
0.530.480.480.460.460.440.460.510.510.540.570.46
Interest Coverage Ratio
1.441.581.611.871.891.641.61N/AN/AN/A0.151.64
Cash Flow to Debt Ratio
0.070.100.110.140.130.140.110.120.100.100.080.14
Company Equity Multiplier
2.072.012.042.012.101.931.972.202.212.352.542.10
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.380.370.420.420.380.390.360.450.380.360.300.39
Free Cash Flow / Operating Cash Flow Ratio
0.210.450.530.670.640.500.410.490.430.24-0.010.50
Cash Flow Coverage Ratio
0.070.100.110.140.130.140.110.120.100.100.080.14
Short Term Coverage Ratio
0.49N/A1.67N/AN/AN/A0.58N/A0.610.57N/AN/A
Dividend Payout Ratio
288.82%73.14%84.91%91.54%141.28%64.07%60.70%-165.84%38.29%-192.45%-80.37%64.07%