Phillips Edison & Company
Financial ratios & Valuation

Forward Multiples (2025 – 2026)

20252026
Price/Earnings ratio
55.3543.94
Price/Sales ratio
5.615.15
Earnings per Share (EPS)
$0.62$0.78

Historical Multiples (2014 – 2023)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
-14.7426.1339.45-9.174.29-3.77133.93223.7576.0375.9079.494.29
Price/Sales ratio
1.771.441.361.131.071.161.286.346.387.077.161.07
Price/Book Value ratio
0.240.270.290.330.230.340.371.571.641.862.050.23
Price/Cash Flow ratio
4.413.293.413.233.012.763.0312.8612.6314.8214.133.01
Price/Free Cash Flow ratio
-0.51-50.32-2.83-3.784.434.144.3518.0019.7122.0418.484.43
Price/Earnings Growth ratio
-0.15-0.16-1.240.01-0.010.01-1.291.110.425.312.18-0.01
Dividend Yield
16.96%17.00%18.23%21.06%17.45%19.63%7.71%3.15%3.45%3.14%3.15%19.63%
Profitability Indicator Ratios
Gross Profit Margin
69.08%69.56%69.53%68.77%69.20%69.99%68.97%70.29%71.63%71.29%43.28%69.99%
Operating Profit Margin
47.48%24.52%17.04%30.39%11.87%16.68%17.40%13.12%20.60%25.27%25.29%11.87%
Pretax Profit Margin
-12.02%5.60%3.50%-13.39%10.91%-13.56%1.09%3.23%9.47%10.45%10.18%10.18%
Net Profit Margin
-12.02%5.51%3.46%-12.32%25.01%-30.93%0.95%2.83%8.39%9.31%9.00%9.00%
Effective Tax Rate
-494.80%339.31%387.12%-319.03%-129.17%-127.98%8.98%1.89%-1.81%N/A4.11%-129.17%
Return on Assets
-1.05%0.59%0.37%-1.08%2.08%-3.43%0.10%0.32%1.02%1.16%1.17%1.17%
Return On Equity
-1.66%1.05%0.74%-3.66%5.38%-9.15%0.28%0.70%2.16%2.46%2.54%2.54%
Return on Capital Employed
4.25%2.71%1.89%2.80%1.01%1.91%1.93%1.53%2.57%3.38%3.42%1.01%
Liquidity Ratios
Current Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0.69N/A
Quick Ratio
0.451.201.100.750.700.67-0.140.99-0.090.440.690.67
Cash ratio
0.310.820.140.030.130.120.540.790.040.010.030.12
Days of Sales Outstanding
N/AN/AN/A76.754.3451.7858.4353.2157.0464.3962.744.34
Days of Inventory outstanding
N/A-56.96-55.39-61.8947.8113.68376.983.5965.34N/AN/A13.68
Operating Cycle
N/A-56.96-55.3914.8652.1665.46435.4156.80122.3864.3962.7452.16
Days of Payables Outstanding
311.87243.51261.31385.11338.81281.12418.00224.19253.10242.73129.18281.12
Cash Conversion Cycle
-311.87-300.47-316.70-370.25-286.65-215.6617.41-167.38-130.71-178.34-66.43-286.65
Debt Ratios
Debt Ratio
0.190.370.360.520.480.480.480.400.400.400.420.48
Debt Equity Ratio
0.310.660.731.781.251.291.350.870.840.850.931.29
Long-term Debt to Capitalization
0.200.400.420.630.540.560.570.460.450.450.470.56
Total Debt to Capitalization
0.230.400.420.640.550.560.570.460.450.460.480.56
Interest Coverage Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A1.74N/A
Cash Flow to Debt Ratio
0.170.120.110.050.060.090.090.130.150.140.150.06
Company Equity Multiplier
1.581.761.983.372.582.662.762.172.112.102.202.66
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.400.430.390.340.350.420.420.490.500.470.500.35
Free Cash Flow / Operating Cash Flow Ratio
-8.60-0.06-1.20-0.850.680.660.690.710.640.670.760.68
Cash Flow Coverage Ratio
0.170.120.110.050.060.090.090.130.150.140.150.06
Short Term Coverage Ratio
1.14N/AN/A1.762.08N/AN/AN/AN/A10.349.072.08
Dividend Payout Ratio
-250.10%444.51%719.53%-193.26%74.98%-74.16%1033.75%705.63%262.98%238.79%247.93%74.98%