Vornado Realty Trust
Financial ratios & Valuation

Forward Multiples (2025 – 2028)

2025202620272028
Price/Earnings ratio
-156.33-3.71KN/AN/A
Price/Sales ratio
3.983.683.583.48
Earnings per Share (EPS)
$-0.23$-0.01N/AN/A

Historical Multiples (2014 – 2023)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
18.6720.0016.5865.1526.264.03-15.4545.55-10.4351.14974.2226.26
Price/Sales ratio
6.126.086.357.105.466.594.675.042.212.974.496.59
Price/Book Value ratio
2.392.272.303.412.641.881.091.280.680.971.501.88
Price/Cash Flow ratio
14.2222.6315.9217.2214.7219.1516.8210.524.998.3237.6914.72
Price/Free Cash Flow ratio
14.2277.4963.5729.3816.2356.74244.5210.565.018.3219.1416.23
Price/Earnings Growth ratio
0.18-1.460.40-0.780.140.000.13-0.330.03-0.45-38.040.00
Dividend Yield
3.89%3.64%3.49%3.78%4.52%4.36%12.49%5.88%11.74%3.54%1.77%4.36%
Profitability Indicator Ratios
Gross Profit Margin
59.60%59.58%59.12%57.45%55.47%52.30%48.35%49.82%51.44%50.02%42.34%52.30%
Operating Profit Margin
30.94%30.38%21.97%29.14%26.94%159.38%-11.21%23.91%-9.74%41.11%50.56%26.94%
Pretax Profit Margin
19.16%28.87%39.22%15.27%21.24%178.61%-27.82%12.39%-20.05%3.42%-3.44%178.61%
Net Profit Margin
32.81%30.38%38.32%10.91%20.79%163.55%-30.22%11.07%-21.25%5.82%0.46%163.55%
Effective Tax Rate
2.17%-11.72%0.84%12.90%8.18%3.00%-8.61%-5.32%-6.00%47.04%-41.46%3.00%
Return on Assets
4.07%3.59%4.61%1.30%2.61%17.21%-2.84%1.01%-2.31%0.65%0.05%17.21%
Return On Equity
12.82%11.35%13.92%5.24%10.07%46.76%-7.06%2.82%-6.55%1.91%0.14%46.76%
Return on Capital Employed
3.93%3.77%2.72%3.57%3.49%18.18%-1.12%2.36%-1.13%4.90%5.58%3.49%
Liquidity Ratios
Current Ratio
4.776.695.946.974.233.402.60N/AN/AN/A61.564.23
Quick Ratio
4.772.834.787.043.622.022.602.302.342.0361.563.62
Cash ratio
2.391.842.614.371.111.071.621.480.830.9726.801.11
Days of Sales Outstanding
124.24150.14137.80172.57170.11158.90179.57169.03157.38155.42158.82158.90
Days of Inventory outstanding
N/A54.50-7.77-11.30-10.24-1.72-0.00-8.66-76.76N/AN/A-10.24
Operating Cycle
124.24204.64130.03161.26159.87157.18179.56160.3680.61155.42158.82157.18
Days of Payables Outstanding
153.48-124.92-102.56171.17163.26174.96197.61280.85188.31165.75N/A174.96
Cash Conversion Cycle
-29.24329.57232.60-9.90-3.39-17.78-18.04-120.48-107.69-10.33158.82-3.39
Debt Ratios
Debt Ratio
0.510.520.500.550.560.400.450.490.500.510.510.51
Debt Equity Ratio
1.611.651.532.242.181.101.131.381.431.501.561.56
Long-term Debt to Capitalization
0.610.580.600.690.680.460.420.560.570.580.600.60
Total Debt to Capitalization
0.610.620.600.690.680.520.530.580.580.600.600.60
Interest Coverage Ratio
2.012.232.001.951.931.580.68N/AN/AN/A2.521.93
Cash Flow to Debt Ratio
0.100.060.090.080.080.080.050.080.090.070.020.08
Company Equity Multiplier
3.153.153.014.013.842.712.482.762.822.933.043.04
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.430.260.390.410.370.340.270.470.440.350.110.34
Free Cash Flow / Operating Cash Flow Ratio
10.290.250.580.900.330.060.990.9911.960.90
Cash Flow Coverage Ratio
0.100.060.090.080.080.080.050.080.090.070.020.08
Short Term Coverage Ratio
N/A0.408.65N/AN/A0.420.161.322.101.12N/A0.42
Dividend Payout Ratio
72.76%73.02%57.89%246.68%118.78%17.59%-193.04%268.17%-122.49%181.22%2908.83%118.78%