LXP Industrial Trust (LXP) Key Metrics
LXP valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $3.60B
- Enterprise value
- $4.94B
- P/E (TTM)
- 60.5 10-yr median 68.2
- Forward P/E
- 28.9
- PEG ratio
- 3.15
- Price / sales
- 10.4 10-yr median 27.4
- Price / book
- 1.9 10-yr median 6.5
- EV / EBITDA
- 36.8 10-yr median 31.0
- Dividend yield
- 4.59% $2.80 a year
- Beta
- 1.04
LXP key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsLXP valuation Price multiples at each fiscal year-end price.
LXP returns How much profit the business earns on the capital it uses.
LXP per-share figures Results divided by the shares outstanding at year-end.
LXP financial health Debt, liquidity and how easily interest is covered.
LXP efficiency & capital use Working capital cycle and where the cash goes.
LXP valuation history
LXP returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
LXP debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
LXP cash returned to shareholders
LXP price vs earnings per share
LXP key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $2.90B | $2.37B | $2.89B | $14.15B | $22.44B | $14.24B | $2.53B | $9.89B | $11.65B | $12.83B |
| Enterprise value | $4.10B | $3.72B | $4.22B | $16.67B | $23.80B | $15.44B | $3.63B | $11.26B | $13.62B | $14.66B |
| P/E ratio | 25.7 | 53.2 | 95.1 | 124.4 | 58.7 | 77.7 | 9.0 | 43.5 | 136.2 | 134.2 |
| Price / sales | 8.3 | 6.6 | 8.5 | 44.1 | 65.2 | 43.1 | 7.8 | 25.0 | 29.8 | 29.9 |
| Price / book | 1.4 | 1.1 | 1.3 | 5.9 | 9.7 | 7.2 | 1.5 | 7.3 | 8.7 | 9.1 |
| Price / free cash flow | 17.7 | 12.2 | 15.1 | 87.5 | 109.4 | 77.1 | 14.5 | 48.9 | 54.8 | 55.6 |
| Price / operating cash flow | 15.4 | 11.2 | 13.8 | 72.8 | 101.9 | 70.6 | 13.1 | 45.4 | 51.2 | 54.6 |
| EV / sales | 11.7 | 10.4 | 12.4 | 51.9 | 69.2 | 46.7 | 11.1 | 28.5 | 34.8 | 34.1 |
| EV / EBITDA | 10.9 | 12.0 | 15.5 | 47.6 | 38.6 | 58.4 | 14.0 | 23.3 | 39.5 | 42.1 |
| EV / free cash flow | 25.0 | 19.3 | 22.0 | 103.1 | 116.0 | 83.7 | 20.8 | 55.7 | 64.0 | 63.5 |
| Earnings yield | 3.9% | 1.9% | 1.1% | 0.8% | 1.7% | 1.3% | 11.1% | 2.3% | 0.7% | 0.7% |
| Free cash flow yield | 5.6% | 8.2% | 6.6% | 1.1% | 0.9% | 1.3% | 6.9% | 2.0% | 1.8% | 1.8% |
| Dividend yield | 5.7% | 6.7% | 5.3% | 1.0% | 0.6% | 0.8% | 4.9% | 1.8% | 1.5% | 1.3% |
| Shareholder yield (dividends + buybacks) | 5.8% | 6.8% | 5.4% | 1.9% | 0.6% | 0.9% | 5.0% | 2.3% | 1.5% | 1.4% |
| Share price at fiscal year-end | $49.58 | $40.60 | $49.60 | $50.10 | $78.10 | $53.10 | $53.10 | $41.05 | $48.25 | $54.00 |
| Per share | ||||||||||
| Revenue per share | $5.98 | $6.15 | $5.85 | $1.14 | $1.20 | $1.23 | $6.85 | $1.64 | $1.62 | $1.81 |
| Earnings per share | $1.93 | $0.76 | $0.52 | $0.40 | $1.33 | $0.68 | $5.88 | $0.94 | $0.35 | $0.40 |
| Operating cash flow per share | $3.22 | $3.62 | $3.60 | $0.69 | $0.77 | $0.75 | $4.04 | $0.90 | $0.94 | $0.99 |
| Free cash flow per share | $2.80 | $3.32 | $3.29 | $0.57 | $0.71 | $0.69 | $3.66 | $0.84 | $0.88 | $0.97 |
| Cash per share | $2.91 | $1.75 | $5.66 | $0.19 | $0.66 | $0.67 | $2.58 | $0.70 | $0.45 | $0.36 |
| Book value per share | $34.78 | $35.98 | $38.33 | $8.46 | $8.08 | $7.42 | $35.83 | $5.59 | $5.55 | $5.94 |
| Tangible book value per share | $29.55 | $31.77 | $34.01 | $7.30 | $6.90 | $5.90 | $27.22 | $3.85 | $3.07 | $3.43 |
| Dividends per share | $2.80 | $2.71 | $2.61 | $0.50 | $0.45 | $0.44 | $2.58 | $0.73 | $0.71 | $0.70 |
| Capex per share | $0.43 | $0.30 | $0.31 | $0.12 | $0.05 | $0.06 | $0.37 | $0.06 | $0.06 | $0.02 |
| Debt per share | $23.39 | $25.02 | $28.56 | $9.11 | $5.37 | $5.16 | $25.72 | $6.42 | $8.57 | $8.06 |
| Shares outstanding | 58.6M | 58.3M | 58.2M | 282.5M | 287.4M | 268.2M | 47.6M | 240.8M | 241.5M | 237.7M |
| Change in shares outstanding | +0.4% | +0.1% | −79.4% | −1.7% | +7.2% | +463.6% | −80.2% | −0.3% | +1.6% | +1.7% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 5.5% | 2.1% | 1.3% | 4.8% | 17.7% | 9.9% | 18.3% | 16.9% | 6.2% | 6.7% |
| Return on invested capital (ROIC) | 1.5% | 1.9% | 1.4% | 1.1% | 2.4% | 8.5% | 9.1% | 5.0% | 4.0% | 5.3% |
| Return on assets (ROA) | 3.1% | 1.1% | 0.7% | 2.8% | 10.2% | 5.5% | 9.1% | 7.0% | 2.4% | 2.6% |
| Return on tangible assets | 3.5% | 1.2% | 0.8% | 3.1% | 10.4% | 5.9% | 10.1% | 9.0% | 2.9% | 3.4% |
| Free cash flow margin | 46.8% | 54.0% | 56.2% | 50.3% | 59.6% | 55.9% | 53.5% | 51.2% | 54.3% | 53.8% |
| Income quality (OCF / net income) | 1.67 | 4.74 | 6.89 | 1.71 | 0.58 | 1.10 | 0.69 | 0.96 | 2.66 | 2.46 |
| Financial health | ||||||||||
| Total debt | $1.37B | $1.46B | $1.66B | $2.57B | $1.54B | $1.38B | $1.22B | $1.55B | $2.07B | $1.91B |
| Cash & short-term investments | $170.4M | $101.8M | $329.4M | $54.4M | $190.9M | $178.8M | $122.7M | $168.8M | $107.8M | $86.6M |
| Net debt | $1.20B | $1.36B | $1.33B | $2.52B | $1.35B | $1.20B | $1.10B | $1.38B | $1.96B | $1.83B |
| Debt / equity | 0.67 | 0.70 | 0.75 | 1.08 | 0.66 | 0.69 | 0.72 | 1.15 | 1.54 | 1.36 |
| Debt / assets | 0.39 | 0.38 | 0.40 | 0.64 | 0.39 | 0.40 | 0.38 | 0.52 | 0.58 | 0.56 |
| Net debt / EBITDA | 3.18 | 4.38 | 4.90 | 7.20 | 2.19 | 4.55 | 4.24 | 2.85 | 5.69 | 5.25 |
| Current ratio | 85.31 | 1.40 | 3.12 | 1.31 | 2.18 | 2.07 | 1.91 | 2.64 | 0.57 | 1.63 |
| Quick ratio | 85.31 | 1.40 | −0.00 | 1.41 | −0.00 | −0.00 | 1.88 | 2.65 | 0.57 | 1.63 |
| Interest coverage | 0.8 | 1.0 | 1.3 | 1.0 | 1.8 | 4.7 | 3.9 | 1.9 | 1.7 | 2.1 |
| Working capital | $255.4M | $54.5M | $288.3M | $45.7M | $184.2M | $137.5M | $94.7M | $188.6M | −$130.1M | $106.4M |
| Invested capital | $3.24B | $3.46B | $3.57B | $4.91B | $3.68B | $3.20B | $2.81B | $2.72B | $3.30B | $3.24B |
| Tangible asset value | $1.74B | $1.88B | $2.01B | $2.06B | $1.98B | $1.58B | $1.31B | $927.1M | $741.7M | $815.2M |
| Net current asset value | −$1.23B | −$1.53B | −$1.50B | −$1.47B | −$1.34B | −$1.24B | −$1.26B | −$1.30B | −$2.04B | −$1.75B |
| Graham number | $38.88 | $24.87 | $21.21 | $8.76 | $15.56 | $10.69 | $68.86 | $10.90 | $6.65 | $7.33 |
| Graham net-net per share | −$21.38 | −$26.66 | −$22.69 | −$5.53 | −$4.42 | −$4.24 | −$26.88 | −$5.78 | −$8.53 | −$7.75 |
| Capital allocation | ||||||||||
| Dividends paid | $164.3M | $158.2M | $151.9M | $142.5M | $128.3M | $118.4M | $122.8M | $175.5M | $172.1M | $165.9M |
| Share buybacks (net) | $4.0M | $2.0M | $2.7M | $130.7M | $0 | $11.0M | $3.6M | $50.0M | $0 | $9.0M |
| Dividend payout ratio | 145.2% | 355.1% | 500.1% | 125.2% | 33.5% | 64.6% | 43.9% | 77.2% | 201.1% | 173.4% |
| Dividends + buybacks / free cash flow | 102.7% | 82.8% | 80.7% | 168.9% | 62.6% | 70.1% | 72.5% | 111.5% | 81.0% | 75.7% |
| Capex / revenue | 7.1% | 5.0% | 5.3% | 10.1% | 4.4% | 5.2% | 5.5% | 3.9% | 3.9% | 1.0% |
| Capex / operating cash flow | 13.2% | 8.4% | 8.6% | 16.8% | 6.9% | 8.5% | 9.3% | 7.1% | 6.7% | 1.9% |
| Capex / depreciation | 0.12 | 0.09 | 0.09 | 0.17 | 0.08 | 0.10 | 0.12 | 0.09 | 0.09 | 0.03 |
| Stock-based compensation / revenue | — | — | 2.4% | 2.1% | 1.9% | 1.9% | 1.8% | 1.6% | 2.1% | 2.0% |
| R&D / revenue | — | — | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| SG&A / revenue | 11.4% | 11.2% | 10.7% | 12.1% | 10.3% | 9.2% | 9.4% | 8.0% | 8.7% | 7.2% |
| Efficiency | ||||||||||
| Days sales outstanding | 91.7 | 88.4 | 85.8 | 80.2 | 72.5 | 77.0 | 73.7 | 55.6 | 89.2 | 137.6 |
| Days of inventory on hand | — | — | 308.1 | 251.3 | 493.5 | 1,172.4 | 12.0 | -1.0 | -0.9 | -0.0 |
| Days payables outstanding | 44.5 | 82.9 | 99.8 | 117.7 | 108.0 | 370.7 | 263.7 | 60.1 | 80.3 | 86.4 |
| Cash conversion cycle (days) | 47.1 | 5.5 | 294.2 | 213.8 | 458.0 | 878.7 | -178.0 | -5.5 | 7.9 | 51.1 |
| Receivables turnover | 3.98 | 4.13 | 4.25 | 4.55 | 5.03 | 4.74 | 4.95 | 6.57 | 4.09 | 2.65 |
| Payables turnover | 8.20 | 4.41 | 3.66 | 3.10 | 3.38 | 0.98 | 1.38 | 6.07 | 4.54 | 4.22 |
| Inventory turnover | — | — | 1.18 | — | 0.74 | 0.31 | 30.53 | — | — | — |
| Asset turnover | 0.09 | 0.09 | 0.08 | 0.08 | 0.09 | 0.10 | 0.11 | 0.12 | 0.11 | 0.12 |
| Average receivables | $87.9M | $86.8M | $80.1M | $70.6M | $68.3M | $69.7M | $65.8M | $60.2M | $95.7M | $161.9M |
| Average payables | $55.8M | $57.5M | $66.1M | $75.9M | $66.4M | $42.6M | $30.4M | $34.7M | $49.1M | $50.5M |
| Average inventory | — | — | $204.2M | $162.1M | $303.5M | $134.6M | $1.4M | −$570,500 | −$554,500 | −$24,000 |
| Intangibles / total assets | 8.6% | 6.4% | 6.0% | 8.1% | 8.5% | 11.7% | 12.9% | 14.2% | 16.9% | 17.4% |
Computed from LXP's annual financial statements (latest annual report filed February 12, 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.
LXP valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), LXP Industrial traded at 25.7 times earnings, against a 10-year median of 68.2. Based on the latest twelve months, the trailing P/E is 60.5 and the forward P/E is 28.9. LXP Industrial earned a return on equity of 5.5% and a return on invested capital of 1.5% in fiscal 2025. It ended the year with $1.4 billion of debt and $170.4 million in cash and short-term investments, net debt of $1.2 billion. It returned $168.3 million to shareholders: $164.3 million in dividends and $4.0 million in share buybacks, 103% of free cash flow. The share count fell 75.4% from 237.7M to 58.6M over 9 years.
See the LXP income statement, the LXP chart for price history, or the LXP stock overview for the latest quote and news.
LXP key metrics FAQ
What is LXP Industrial's P/E ratio?
LXP Industrial's trailing P/E ratio is 60.5 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 28.9. At the end of fiscal 2025 it was 25.7, compared with a 10-year median of 68.2.
What is LXP Industrial's EV/EBITDA?
LXP Industrial's enterprise value was 10.9 times EBITDA at the end of fiscal 2025 (enterprise value $4.1 billion, EBITDA $377.4 million); the current EV/EBITDA is 36.8.
What is LXP Industrial's return on equity?
LXP Industrial's return on equity (ROE) was 5.5% in fiscal 2025: net income of $113.2 million on average shareholders' equity of $2.1 billion.
What is LXP Industrial's ROIC?
LXP Industrial's return on invested capital was 1.5% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does LXP Industrial have?
LXP Industrial had total debt of $1.4 billion at the end of fiscal 2025, a debt-to-equity ratio of 0.67 and $1.2 billion of net debt (3.18 times EBITDA).
What is LXP Industrial's dividend yield?
LXP Industrial's forward dividend yield is 4.59%. LXP Industrial paid $164.3 million in dividends in fiscal 2025 ($2.80 per share), a payout ratio of 145.2%.
Does LXP Industrial buy back its shares?
Yes. LXP Industrial spent $4.0 million on net share repurchases in fiscal 2025 Shares outstanding changed +0.4% over the year, to 58.6M..
What is LXP Industrial's free cash flow yield?
LXP Industrial generated $163.8 million of free cash flow in fiscal 2025, a free cash flow yield of 5.6% on its market value at year-end ($2.9 billion).
What is LXP Industrial's current ratio?
LXP Industrial's current ratio was 85.31 at the end of fiscal 2025: current assets were 85.31 times current liabilities.