Cohen & Company Inc. (COHN) Key Metrics
COHN valuation today
Trailing 12 months · as of October 17, 2026- Market cap
- $32.9M
- Enterprise value
- −$80.9M
- P/E (TTM)
- 2.2 10-yr median 9.3
- Forward P/E
- 8.2
- PEG ratio
- —
- Price / sales
- 0.1 10-yr median 0.3
- Price / book
- 0.5 10-yr median 0.5
- EV / EBITDA
- 1.3 10-yr median 40.2
- Dividend yield
- 9.82% $1.00 a year
- Beta
- 1.03
COHN key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsCOHN valuation Price multiples at each fiscal year-end price.
P/E ratio
9.8
2025 · hover or tap a bar for each year
20162025
Price / sales−31.3%
0.5
2025 · hover or tap a bar for each year
20162025
Price / book+96.1%
2.8
2025 · hover or tap a bar for each year
20162025
Price / free cash flow−24.3%
5.4
2025 · hover or tap a bar for each year
20162025
Free cash flow yield+4.5 pts
18.5%
2025 · hover or tap a bar for each year
20162025
COHN returns How much profit the business earns on the capital it uses.
Return on equity+31.4 pts
31.1%
2025 · hover or tap a bar for each year
20162025
Return on assets+1.7 pts
1.7%
2025 · hover or tap a bar for each year
20162025
Free cash flow margin−1.0 pts
9.4%
2025 · hover or tap a bar for each year
20162025
Cash conversion (OCF / net income)
1.90
2025 · hover or tap a bar for each year
20162025
Asset turnover+264.7%
0.33
2025 · hover or tap a bar for each year
20162025
COHN per-share figures Results divided by the shares outstanding at year-end.
Revenue per share+231.6%
$46.51
2025 · hover or tap a bar for each year
20162025
Earnings per share
$2.41
2025 · hover or tap a bar for each year
20162025
Free cash flow per share+200.9%
$4.36
2025 · hover or tap a bar for each year
20162025
Book value per share+16.1%
$8.54
2025 · hover or tap a bar for each year
20162025
Dividends per share+7.9%
$0.36
2025 · hover or tap a bar for each year
20162025
Shares outstanding+5.4%
6.0M
2025 · hover or tap a bar for each year
20162025
COHN financial health Debt, liquidity and how easily interest is covered.
Debt / equity−65.5%
0.98
2025 · hover or tap a bar for each year
20162025
Net debt−$97.9M
−$142.8M
2025 · hover or tap a bar for each year
20162025
Net debt / EBITDA+14.22
−3.10
2025 · hover or tap a bar for each year
20162025
Current ratio−58.2%
33.96
2025 · hover or tap a bar for each year
20162025
Interest coverage
10.6
2025 · hover or tap a bar for each year
20162025
Debt / assets−41.5%
0.07
2025 · hover or tap a bar for each year
20162025
COHN efficiency & capital use Working capital cycle and where the cash goes.
Days sales outstanding−2,019 days
744 days
2025 · hover or tap a bar for each year
20162025
Days payables outstanding+9 days
16 days
2025 · hover or tap a bar for each year
20162025
Cash conversion cycle−2,029 days
728 days
2025 · hover or tap a bar for each year
20162025
Capex / revenue−1.1 pts
0.5%
2025 · hover or tap a bar for each year
20162025
Dividends + buybacks / FCF−16.9 pts
8.2%
2025 · hover or tap a bar for each year
20162025
COHN valuation history
Fiscal year-endToday10-year median
COHN returns on capital
ROEROICROA
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
COHN debt vs cash
Total debtCash & short-term investments
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
COHN cash returned to shareholders
DividendsBuybacksFree cash flow
COHN price vs earnings per share
Share price at year-endEPS (right axis)
COHN key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $141.0M | $58.7M | $10.1M | $11.8M | $22.8M | $25.1M | $6.6M | $14.2M | $20.8M | $21.0M |
| Enterprise value | −$1.8M | $13.8M | −$22.3M | $399.6M | $3.14B | $5.51B | $7.28B | $4.95B | $1.53B | $173.6M |
| P/E ratio | 9.8 | — | — | — | 1.9 | 1.8 | — | — | 10.1 | 9.3 |
| Price / sales | 0.5 | 0.7 | 0.1 | 0.3 | 0.2 | 0.2 | 0.1 | 0.3 | 0.4 | 0.4 |
| Price / book | 2.8 | 1.4 | 0.2 | 0.3 | 0.4 | 0.6 | 0.2 | 0.4 | 0.5 | 0.5 |
| Price / free cash flow | 5.4 | 7.1 | — | — | 1.3 | 0.6 | — | — | — | — |
| Price / operating cash flow | 5.2 | 6.2 | — | — | 1.2 | 0.6 | — | — | — | — |
| EV / sales | -0.0 | 0.2 | -0.3 | 9.0 | 21.4 | 42.3 | 146.6 | 100.3 | 32.2 | 3.1 |
| EV / EBITDA | — | 5.3 | — | — | 40.2 | 138.3 | — | — | 200.2 | 19.6 |
| EV / free cash flow | — | 1.7 | — | — | 181.4 | 133.6 | — | — | — | — |
| Earnings yield | 10.2% | −0.2% | −50.8% | −113.0% | 51.8% | 56.5% | −30.9% | −17.3% | 9.9% | 10.8% |
| Free cash flow yield | 18.5% | 14.0% | −397.8% | −203.1% | 75.9% | 164.1% | −234.4% | −56.4% | −58.0% | −42.7% |
| Dividend yield | 1.5% | 3.2% | 17.4% | 21.6% | 2.9% | 0.1% | 7.8% | 6.8% | 4.7% | 4.5% |
| Shareholder yield (dividends + buybacks) | 1.5% | 3.5% | 17.4% | 21.6% | 6.7% | 8.6% | 12.3% | 12.2% | 7.5% | 15.6% |
| Share price at fiscal year-end | $23.57 | $10.35 | $6.65 | $8.34 | $14.81 | $16.34 | $3.95 | $8.43 | $8.02 | $11.90 |
| Per share | ||||||||||
| Revenue per share | $46.51 | $14.02 | $54.83 | $31.25 | $95.16 | $84.59 | $29.54 | $29.33 | $18.34 | $31.39 |
| Earnings per share | $2.41 | −$0.02 | −$3.38 | −$9.43 | $7.68 | $9.24 | −$1.22 | −$1.46 | $0.80 | $1.29 |
| Operating cash flow per share | $4.57 | $1.67 | −$26.20 | −$16.54 | $11.91 | $26.94 | −$9.20 | −$4.16 | −$4.60 | −$4.95 |
| Free cash flow per share | $4.36 | $1.45 | −$26.45 | −$16.94 | $11.24 | $26.80 | −$9.26 | −$4.75 | −$4.65 | −$5.08 |
| Cash per share | $32.20 | $28.73 | $119.85 | $166.34 | $177.60 | $185.27 | $188.06 | $187.26 | $86.88 | $97.78 |
| Book value per share | $8.54 | $7.35 | $27.54 | $32.91 | $40.27 | $28.55 | $19.82 | $21.24 | $15.38 | $22.00 |
| Tangible book value per share | $8.49 | $7.30 | $27.36 | $32.71 | $40.09 | $28.37 | $14.97 | $16.40 | $12.24 | $17.37 |
| Dividends per share | $0.36 | $0.33 | $1.16 | $1.80 | $0.44 | $0.02 | $0.31 | $0.57 | $0.38 | $0.54 |
| Capex per share | $0.21 | $0.22 | $0.25 | $0.40 | $0.67 | $0.14 | $0.06 | $0.60 | $0.06 | $0.13 |
| Debt per share | $8.33 | $20.81 | $98.46 | $439.33 | $2,201.81 | $3,749.42 | $4,515.30 | $3,120.03 | $669.93 | $184.33 |
| Shares outstanding | 6.0M | 5.7M | 1.5M | 1.4M | 1.5M | 1.5M | 1.7M | 1.7M | 2.6M | 1.8M |
| Change in shares outstanding | +5.4% | +275.0% | +6.6% | −7.7% | 0.0% | −8.5% | −0.2% | −35.0% | +47.0% | −12.4% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 31.1% | −0.3% | −11.6% | −24.6% | 22.3% | 36.8% | −5.9% | −6.5% | 5.2% | 5.8% |
| Return on invested capital (ROIC) | — | — | 2.0% | −1.2% | 0.9% | 0.7% | 0.1% | 0.1% | 0.8% | 5.5% |
| Return on assets (ROA) | 1.7% | −0.0% | −0.6% | −0.6% | 0.2% | 0.2% | −0.0% | −0.1% | 0.2% | 0.5% |
| Return on tangible assets | 2.1% | −0.0% | −0.7% | −1.5% | 0.3% | 0.2% | −0.0% | −0.0% | 0.1% | 0.4% |
| Free cash flow margin | 9.4% | 10.3% | −48.2% | −54.2% | 11.8% | 31.7% | −31.3% | −16.2% | −25.4% | −16.2% |
| Income quality (OCF / net income) | 1.90 | — | — | — | 1.55 | 2.92 | — | — | −5.77 | −3.85 |
| Financial health | ||||||||||
| Total debt | $49.9M | $118.1M | $149.0M | $624.0M | $3.39B | $5.77B | $7.59B | $5.25B | $1.74B | $325.0M |
| Cash & short-term investments | $192.7M | $163.1M | $181.4M | $236.3M | $273.2M | $285.0M | $316.2M | $315.3M | $225.2M | $172.4M |
| Net debt | −$142.8M | −$45.0M | −$32.4M | $387.8M | $3.11B | $5.48B | $7.27B | $4.94B | $1.51B | $152.6M |
| Debt / equity | 0.98 | 2.83 | 3.58 | 13.35 | 54.67 | 131.34 | 227.83 | 146.87 | 43.55 | 8.38 |
| Debt / assets | 0.07 | 0.12 | 0.19 | 0.70 | 0.93 | 0.94 | 0.95 | 0.93 | 0.85 | 0.58 |
| Net debt / EBITDA | −3.10 | −17.32 | −1.41 | — | 39.86 | 137.69 | — | — | 197.53 | 17.19 |
| Current ratio | 33.96 | 81.32 | 82.34 | 56.34 | 154.55 | 1.02 | 1.02 | 1.04 | 1.10 | 1.38 |
| Quick ratio | 33.96 | 81.32 | 83.24 | 56.78 | 164.36 | 1.07 | 1.03 | 1.04 | 1.10 | 1.39 |
| Interest coverage | 10.6 | -1.4 | 1.1 | -5.6 | 5.5 | 4.4 | 0.5 | 0.4 | 1.2 | 1.8 |
| Working capital | $591.5M | $876.6M | $660.0M | $812.3M | $3.50B | $144.8M | $163.4M | $205.4M | $185.7M | $149.8M |
| Invested capital | −$91.7M | −$3.2M | $9.3M | $434.5M | $3.18B | $5.53B | $7.31B | $4.97B | $1.55B | $191.4M |
| Tangible asset value | $102.8M | $90.0M | $91.5M | $93.8M | $151.2M | $101.2M | $40.6M | $34.3M | $40.0M | $38.6M |
| Net current asset value | $11.9M | $6.6M | −$12.8M | $33.9M | $21.9M | $13.0M | $6.5M | $17.1M | $25.6M | $26.2M |
| Graham number | $21.52 | — | — | — | $83.41 | $77.02 | — | — | $16.60 | $25.23 |
| Graham net-net per share | −$15.80 | −$31.17 | −$92.56 | −$85.64 | −$588.33 | −$1,010.94 | −$1,165.74 | $313.59 | −$163.34 | −$38.75 |
| Capital allocation | ||||||||||
| Dividends paid | $2.1M | $1.9M | $1.8M | $2.6M | $671,000 | $27,000 | $519,000 | $966,000 | $985,000 | $954,000 |
| Share buybacks (net) | — | $189,000 | $0 | $1,000 | $857,000 | $2.1M | $299,000 | $769,000 | $572,000 | $2.3M |
| Dividend payout ratio | 14.8% | — | — | — | 5.7% | 0.2% | — | — | 47.7% | 42.1% |
| Dividends + buybacks / free cash flow | 8.2% | 25.1% | — | — | 8.8% | 5.3% | — | — | — | — |
| Capex / revenue | 0.5% | 1.6% | 0.4% | 1.3% | 0.7% | 0.2% | 0.2% | 2.0% | 0.3% | 0.4% |
| Capex / operating cash flow | 4.6% | 13.2% | — | — | 5.6% | 0.5% | — | — | — | — |
| Capex / depreciation | 1.73 | 2.25 | 0.66 | 1.03 | 2.77 | 0.65 | 0.32 | 3.84 | 0.57 | 0.77 |
| Stock-based compensation / revenue | 7.3% | 5.9% | 5.3% | 9.9% | 10.7% | 9.6% | 1.5% | 1.3% | 1.5% | 2.1% |
| R&D / revenue | — | 8.3% | 6.3% | 11.4% | 2.3% | 2.1% | 6.8% | 6.1% | 5.7% | 4.7% |
| SG&A / revenue | 5.1% | 26.4% | 11.2% | 35.6% | 8.7% | 8.4% | 23.2% | 26.5% | 24.4% | 18.7% |
| Efficiency | ||||||||||
| Days sales outstanding | 744.2 | 2,763.6 | 2,350.2 | 15,771.8 | 11,252.0 | 18,759.2 | 56,474.0 | 35,308.9 | 8,271.3 | 1,775.6 |
| Days of inventory on hand | — | — | -47.9 | -834.7 | -1,001.2 | -886.8 | -352.5 | -27.2 | -44.1 | -45.1 |
| Days payables outstanding | 15.9 | 6.4 | 18.6 | 15.4 | 0.6 | 1.6 | 46.0 | 60.6 | 20.8 | 4.8 |
| Cash conversion cycle (days) | 728.2 | 2,757.1 | 2,283.7 | 14,921.6 | 10,250.2 | 17,870.8 | 56,075.6 | 35,221.1 | 8,206.4 | 1,725.7 |
| Receivables turnover | 0.49 | 0.13 | 0.16 | 0.02 | 0.03 | 0.02 | 0.01 | 0.01 | 0.04 | 0.21 |
| Payables turnover | 22.92 | 56.61 | 19.62 | 23.66 | 598.93 | 228.63 | 7.94 | 6.02 | 17.52 | 75.93 |
| Asset turnover | 0.33 | 0.09 | 0.10 | 0.02 | 0.03 | 0.02 | 0.01 | 0.01 | 0.04 | 0.13 |
| Average receivables | $567.4M | $602.7M | $534.3M | $1.92B | $4.51B | $6.69B | $7.68B | $4.78B | $1.08B | $269.3M |
| Average payables | $758,000 | $996,000 | $2.7M | $2.1M | $142,000 | $262,000 | $3.3M | $4.2M | $1.3M | $410,000 |
| Average inventory | — | — | −$6.8M | −$115.0M | −$233.3M | −$145.5M | −$25.1M | −$1.9M | −$2.7M | −$3.8M |
| Intangibles / total assets | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.1% | 0.1% | 0.4% | 1.5% |
Computed from COHN's annual financial statements (latest annual report filed March 6, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
COHN valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Cohen & traded at 9.8 times earnings, against a 10-year median of 9.3. Based on the latest twelve months, the trailing P/E is 2.2 and the forward P/E is 8.2. Cohen & earned a return on equity of 31.1% in fiscal 2025. It ended the year with $49.9 million of debt and $192.7 million in cash and short-term investments, a net cash position of $142.8 million. It returned $2.1 million to shareholders: $2.1 million in dividends and $0 in share buybacks, 8% of free cash flow. The share count rose 239.4% from 1.8M to 6.0M over 9 years.
See the COHN income statement, the COHN chart for price history, or the COHN stock overview for the latest quote and news.
COHN key metrics FAQ
What is Cohen &'s P/E ratio?
Cohen &'s trailing P/E ratio is 2.2 based on the last twelve months of earnings (as of October 17, 2026), and its forward P/E is 8.2. At the end of fiscal 2025 it was 9.8, compared with a 10-year median of 9.3.
What is Cohen &'s return on equity?
Cohen &'s return on equity (ROE) was 31.1% in fiscal 2025: net income of $14.4 million on average shareholders' equity of $46.4 million.
How much debt does Cohen & have?
Cohen & had total debt of $49.9 million at the end of fiscal 2025, a debt-to-equity ratio of 0.98 and more cash than debt.
What is Cohen &'s dividend yield?
Cohen &'s forward dividend yield is 9.82%. Cohen & paid $2.1 million in dividends in fiscal 2025 ($0.36 per share), a payout ratio of 14.8%.
What is Cohen &'s free cash flow yield?
Cohen & generated $26.1 million of free cash flow in fiscal 2025, a free cash flow yield of 18.5% on its market value at year-end ($141.0 million).
What is Cohen &'s current ratio?
Cohen &'s current ratio was 33.96 at the end of fiscal 2025: current assets were 33.96 times current liabilities.