Flaherty & Crumrine Preferred Income Fund
Financial ratios & Valuation

Forward Multiples (2025 – 2026)

20252026
Price/Earnings ratio
1.020.94
Price/Sales ratio
0.000.00
Earnings per Share (EPS)
$11.2$12.1

Historical Multiples (2014 – 2023)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
6.8823.3516.277.11-17.226.4317.6015.65-4.9263.966.03-17.22
Price/Sales ratio
10.779.769.766.90-18.746.2816.7114.83-5.047.768.75-18.74
Price/Book Value ratio
1.050.981.011.070.941.131.301.080.970.870.931.13
Price/Cash Flow ratio
13.0915.1513.2021.7713.2119.2321.46-19.74-105.4615.9416.4413.21
Price/Free Cash Flow ratio
13.0915.1513.2021.7713.2119.2321.46-19.74-105.4615.9416.4413.21
Price/Earnings Growth ratio
0.03-0.310.370.040.13-0.01-0.305.580.01-0.600.10-0.01
Dividend Yield
7.63%7.76%7.57%6.15%7.56%5.19%4.65%5.65%7.53%7.10%6.59%6.59%
Profitability Indicator Ratios
Gross Profit Margin
100%100%100%100%122.39%94.46%87.40%100%100%16.33%100%94.46%
Operating Profit Margin
86.96%86.71%86.88%103.43%78.37%97.62%94.94%94.74%95.26%87.69%87.23%78.37%
Pretax Profit Margin
156.55%41.79%60.00%97.13%108.77%97.62%94.94%94.74%102.37%12.14%145.08%108.77%
Net Profit Margin
156.55%41.79%60.00%97.13%108.77%97.62%94.94%94.74%102.37%12.14%145.08%108.77%
Effective Tax Rate
44.44%-107.46%-44.78%49.29%2.05%33.97%90.55%100%-45.47%N/A23.31%2.05%
Return on Assets
10.21%2.76%4.05%10.07%-3.50%11.74%4.98%4.60%-12.12%0.82%9.63%-3.50%
Return On Equity
15.26%4.21%6.21%15.17%-5.50%17.62%7.43%6.93%-19.71%1.36%16.06%-5.50%
Return on Capital Employed
5.67%5.74%5.88%10.75%-2.53%11.76%4.98%4.60%-11.30%5.99%5.81%-2.53%
Liquidity Ratios
Current Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A2.05N/A
Quick Ratio
10.158.208.264.212.878.7515.3719.356.093.212.058.75
Cash ratio
N/AN/AN/AN/A3.402.002.35N/AN/AN/AN/A2.00
Days of Sales Outstanding
75.0062.9463.0538.59-119.3827.1662.3579.31-31.3354.5649.31-119.38
Days of Inventory outstanding
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Operating Cycle
N/AN/AN/AN/A-119.3827.1662.35N/AN/A54.5649.31-119.38
Days of Payables Outstanding
N/AN/AN/AN/A169.9356.0232.21N/AN/A14.38N/A56.02
Cash Conversion Cycle
N/AN/AN/AN/A-289.32-28.8630.14N/AN/A40.1849.31-289.32
Debt Ratios
Debt Ratio
0.320.340.340.330.350.330.320.33N/A0.390.370.35
Debt Equity Ratio
0.490.520.520.500.560.490.490.50N/A0.640.600.56
Long-term Debt to Capitalization
0.330.340.340.330.360.330.320.33N/A0.390.370.36
Total Debt to Capitalization
0.330.340.340.330.360.330.320.33N/A0.390.370.36
Interest Coverage Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Cash Flow to Debt Ratio
0.160.120.140.090.120.110.12-0.10N/A0.080.090.11
Company Equity Multiplier
1.491.521.531.501.571.501.491.501.621.651.601.57
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.820.640.730.31-1.410.320.77-0.750.040.480.53-1.41
Free Cash Flow / Operating Cash Flow Ratio
111111111111
Cash Flow Coverage Ratio
0.160.120.140.090.120.110.12-0.10N/A0.080.090.11
Short Term Coverage Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Dividend Payout Ratio
52.54%181.27%123.26%43.77%-130.39%33.47%82.00%88.48%-37.13%454.38%36.70%-130.39%