New England Realty Associates LP (NEN) Key Metrics
NEN valuation today
Trailing 12 months · as of October 17, 2026- Market cap
- $172.0M
- Enterprise value
- $681.7M
- P/E (TTM)
- — 10-yr median 39.9
- Forward P/E
- 23.6
- PEG ratio
- —
- Price / sales
- 1.8 10-yr median 3.7
- Price / book
- 45.3
- EV / EBITDA
- 14.8 10-yr median 15.1
- Dividend yield
- 2.61% $1.60 a year
- Beta
- 0.16
NEN key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsNEN valuation Price multiples at each fiscal year-end price.
P/E ratio+99.9%
37.4
2025 · hover or tap a bar for each year
20162025
Price / sales−30.5%
2.5
2025 · hover or tap a bar for each year
20162025
Price / free cash flow+1.6%
8.2
2025 · hover or tap a bar for each year
20162025
Free cash flow yield−0.2 pts
12.3%
2025 · hover or tap a bar for each year
20162025
NEN returns How much profit the business earns on the capital it uses.
Return on assets−2.7 pts
1.3%
2025 · hover or tap a bar for each year
20162025
Free cash flow margin−14.3 pts
31.0%
2025 · hover or tap a bar for each year
20162025
Cash conversion (OCF / net income)+96.8%
4.59
2025 · hover or tap a bar for each year
20162025
Asset turnover−4.0%
0.20
2025 · hover or tap a bar for each year
20162025
NEN per-share figures Results divided by the shares outstanding at year-end.
Revenue per share+12.2%
$25.51
2025 · hover or tap a bar for each year
20162025
Earnings per share−61.0%
$1.72
2025 · hover or tap a bar for each year
20162025
Free cash flow per share−23.2%
$7.91
2025 · hover or tap a bar for each year
20162025
Book value per share
−$21.01
2025 · hover or tap a bar for each year
20162025
Dividends per share+51.3%
$4.80
2025 · hover or tap a bar for each year
20162025
Shares outstanding−1.3%
3.5M
2025 · hover or tap a bar for each year
20162025
NEN financial health Debt, liquidity and how easily interest is covered.
Net debt−$26.4B
−$26.14B
2025 · hover or tap a bar for each year
20162025
Net debt / EBITDA−552.31
−545.96
2025 · hover or tap a bar for each year
20162025
Current ratio−83.9%
4.71
2025 · hover or tap a bar for each year
20162025
Interest coverage−28.7%
1.2
2025 · hover or tap a bar for each year
20162025
Debt / assets+1.1%
1.04
2025 · hover or tap a bar for each year
20162025
NEN efficiency & capital use Working capital cycle and where the cash goes.
Days sales outstanding+2,914 days
2,930 days
2025 · hover or tap a bar for each year
20162025
Days payables outstanding−58 days
44 days
2025 · hover or tap a bar for each year
20162025
Cash conversion cycle+2,985 days
2,899 days
2025 · hover or tap a bar for each year
20162025
Capex / revenue+158.0 pts
158.0%
2025 · hover or tap a bar for each year
20162025
Dividends + buybacks / FCF+28.3 pts
63.7%
2025 · hover or tap a bar for each year
20162025
NEN valuation history
Fiscal year-endToday10-year median
NEN returns on capital
ROEROICROA
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
NEN debt vs cash
Total debtCash & short-term investments
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
NEN cash returned to shareholders
DividendsBuybacksFree cash flow
NEN price vs earnings per share
Share price at year-endEPS (right axis)
NEN key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $225.5M | $293.0M | $250.3M | $256.0M | $247.6M | $183.3M | $227.7M | $210.9M | $276.5M | $230.6M |
| Enterprise value | −$25.92B | $598.0M | $556.0M | $531.7M | $524.7M | $467.6M | $524.6M | $456.2M | $536.5M | $435.8M |
| P/E ratio | 37.4 | 18.7 | 29.6 | 68.7 | — | 128.7 | 34.8 | 50.6 | 39.9 | 46.6 |
| Price / sales | 2.5 | 3.6 | 3.4 | 3.7 | 4.0 | 3.0 | 3.8 | 3.6 | 5.2 | 4.7 |
| Price / free cash flow | 8.2 | 8.0 | 8.8 | 11.9 | 15.7 | 10.5 | 10.1 | 9.8 | — | 22.7 |
| Price / operating cash flow | 8.2 | 8.0 | 8.8 | 11.9 | 15.7 | 10.5 | 10.1 | 8.2 | 17.1 | 15.0 |
| EV / sales | -290.5 | 7.4 | 7.5 | 7.8 | 8.4 | 7.5 | 8.7 | 7.9 | 10.2 | 8.8 |
| EV / EBITDA | — | 12.4 | 13.6 | 15.1 | 19.0 | 13.9 | 15.7 | 14.2 | 17.0 | 15.9 |
| EV / free cash flow | — | 16.4 | 19.6 | 24.7 | 33.2 | 26.8 | 23.4 | 21.2 | — | 42.8 |
| Earnings yield | 2.7% | 5.3% | 3.4% | 1.5% | −1.1% | 0.8% | 2.9% | 2.0% | 2.5% | 2.1% |
| Free cash flow yield | 12.3% | 12.5% | 11.3% | 8.4% | 6.4% | 9.5% | 9.9% | 10.2% | −12.5% | 4.4% |
| Dividend yield | 7.4% | 3.8% | 4.0% | 3.6% | 1.9% | 2.6% | 2.1% | 2.1% | 2.9% | 2.9% |
| Shareholder yield (dividends + buybacks) | 7.8% | 4.4% | 5.5% | 5.7% | 2.1% | 2.8% | 3.8% | 2.1% | 2.9% | 3.6% |
| Share price at fiscal year-end | $64.50 | $82.70 | $69.70 | $71.00 | $67.80 | $50.16 | $62.00 | $55.95 | $73.35 | $60.90 |
| Per share | ||||||||||
| Revenue per share | $25.51 | $22.73 | $20.74 | $18.94 | $17.16 | $17.00 | $16.47 | $15.39 | $14.01 | $13.09 |
| Earnings per share | $1.72 | $4.42 | $2.35 | $1.03 | −$0.74 | $0.39 | $1.78 | $1.11 | $1.84 | $1.31 |
| Operating cash flow per share | $7.91 | $10.30 | $7.90 | $5.97 | $4.32 | $4.78 | $6.11 | $6.80 | $4.28 | $4.05 |
| Free cash flow per share | $7.91 | $10.30 | $7.90 | $5.97 | $4.32 | $4.78 | $6.11 | $5.71 | −$9.19 | $2.69 |
| Cash per share | $7,626.70 | $28.57 | $28.66 | $38.25 | $26.32 | $5.10 | $2.05 | $2.40 | $1.92 | $1.97 |
| Book value per share | −$21.01 | −$17.45 | −$18.02 | −$16.61 | −$13.50 | −$11.35 | −$10.30 | −$9.36 | −$9.37 | −$9.04 |
| Tangible book value per share | −$21.78 | −$17.54 | −$18.45 | −$16.61 | −$13.51 | −$11.36 | −$10.67 | −$9.40 | −$9.45 | −$9.04 |
| Dividends per share | $4.80 | $3.17 | $2.77 | $2.57 | $1.28 | $1.28 | $1.28 | $1.19 | $2.12 | $1.78 |
| Capex per share | $40.30 | $0.00 | $0.00 | $1.66 | $0.91 | $0.89 | $8.90 | $1.09 | $13.47 | $1.36 |
| Debt per share | $150.88 | $114.66 | $113.80 | $114.74 | $102.21 | $82.92 | $82.89 | $67.49 | $70.89 | $56.18 |
| Shares outstanding | 3.5M | 3.5M | 3.6M | 3.6M | 3.7M | 3.7M | 3.7M | 3.8M | 3.8M | 3.8M |
| Change in shares outstanding | −1.3% | −1.3% | −0.4% | −1.3% | −0.1% | −0.5% | −2.6% | −0.0% | −0.4% | −1.1% |
| Returns & profitability | ||||||||||
| Return on invested capital (ROIC) | — | 8.3% | 8.7% | 4.1% | 4.8% | 3.0% | 3.7% | 4.2% | 3.6% | 3.5% |
| Return on assets (ROA) | 1.3% | 4.0% | 2.2% | 1.0% | −0.8% | 0.5% | 2.4% | 1.8% | 3.3% | 2.5% |
| Return on tangible assets | 1.2% | 4.0% | 2.2% | 1.0% | −0.8% | 0.5% | 2.2% | 1.7% | 3.1% | 2.6% |
| Free cash flow margin | 31.0% | 45.3% | 38.1% | 31.5% | 25.2% | 28.1% | 37.1% | 37.1% | −65.6% | 20.5% |
| Income quality (OCF / net income) | 4.59 | 2.33 | 3.35 | 5.79 | — | 12.25 | 3.43 | 6.15 | 2.33 | 3.10 |
| Financial health | ||||||||||
| Total debt | $527.6M | $406.2M | $408.7M | $413.7M | $373.2M | $303.0M | $304.4M | $254.4M | $267.2M | $212.7M |
| Cash & short-term investments | $26.67B | $101.2M | $102.9M | $137.9M | $96.1M | $18.6M | $7.5M | $9.1M | $7.2M | $7.5M |
| Net debt | −$26.14B | $305.0M | $305.7M | $275.8M | $277.1M | $284.3M | $296.9M | $245.3M | $260.0M | $205.2M |
| Debt / assets | 1.04 | 1.03 | 1.06 | 1.06 | 1.05 | 1.04 | 1.03 | 1.03 | 1.18 | 1.12 |
| Net debt / EBITDA | −545.96 | 6.34 | 7.47 | 7.85 | 10.04 | 8.48 | 8.88 | 7.64 | 8.25 | 7.51 |
| Current ratio | 4.71 | 29.34 | 37.19 | 4.71 | 3.81 | 1.01 | 0.54 | 0.65 | 2.02 | 1.93 |
| Quick ratio | 4.32 | 29.34 | 37.19 | 4.71 | 3.81 | 1.01 | 0.54 | 0.65 | 2.02 | 1.93 |
| Interest coverage | 1.2 | 1.6 | 1.3 | 1.2 | 1.0 | 1.1 | 1.4 | 1.2 | 1.3 | 1.3 |
| Working capital | $24.5M | $101.4M | $103.3M | $117.6M | $76.7M | $369,966 | −$11.1M | −$7.7M | $6.3M | $6.1M |
| Invested capital | −$26.21B | $243.2M | $241.0M | $215.9M | $227.8M | $242.9M | $259.1M | $210.0M | $224.7M | $171.0M |
| Tangible asset value | −$76.9M | −$62.8M | −$66.9M | −$59.9M | −$49.3M | −$41.5M | −$39.2M | −$35.8M | −$35.6M | −$34.2M |
| Net current asset value | −$548.4M | −$350.9M | −$345.0M | −$302.4M | −$302.1M | −$307.5M | −$319.0M | −$268.1M | −$249.7M | −$212.0M |
| Graham net-net per share | $7,767.63 | −$99.33 | −$96.29 | −$86.50 | −$84.56 | −$85.67 | −$88.18 | −$71.82 | −$67.40 | −$57.06 |
| Capital allocation | ||||||||||
| Dividends paid | $16.8M | $11.2M | $10.0M | $9.3M | $4.7M | $4.7M | $4.7M | $4.5M | $8.0M | $6.7M |
| Share buybacks (net) | $821,186 | $1.7M | $3.9M | $5.3M | $450,258 | $394,031 | $4.1M | $0 | $42,548 | $1.6M |
| Dividend payout ratio | 278.4% | 71.8% | 117.8% | 248.9% | — | 328.2% | 71.7% | 107.4% | 115.1% | 135.9% |
| Dividends + buybacks / free cash flow | 63.7% | 35.4% | 49.0% | 67.8% | 32.5% | 29.0% | 39.0% | 20.8% | — | 82.2% |
| Capex / revenue | 158.0% | 0.0% | 0.0% | 8.8% | 5.3% | 5.2% | 54.0% | 7.1% | 96.1% | 10.4% |
| Capex / operating cash flow | 509.6% | 0.0% | 0.0% | 27.8% | 21.0% | 18.6% | 145.6% | 16.1% | 314.7% | 33.7% |
| Capex / depreciation | 6.06 | 0.00 | 0.00 | 0.37 | 0.20 | 0.18 | 2.23 | 0.26 | 3.77 | 0.42 |
| R&D / revenue | — | — | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| SG&A / revenue | 5.0% | 5.1% | 5.2% | 4.9% | 5.9% | 5.0% | 5.7% | 5.1% | 5.0% | 5.5% |
| Efficiency | ||||||||||
| Days sales outstanding | 2,929.7 | 15.9 | 14.2 | 11.7 | 10.9 | 8.5 | 14.4 | 15.4 | 9.7 | 10.5 |
| Days of inventory on hand | 12.8 | — | — | — | — | — | — | — | — | — |
| Days payables outstanding | 43.7 | 102.2 | 90.3 | 91.5 | 69.6 | 169.6 | 77.2 | 144.4 | 161.0 | 192.1 |
| Cash conversion cycle (days) | 2,898.7 | -86.3 | -76.1 | -79.7 | -58.7 | -161.2 | -62.8 | -128.9 | -151.4 | -181.6 |
| Receivables turnover | 0.12 | 23.00 | 25.76 | 31.07 | 33.46 | 43.15 | 25.40 | 23.63 | 37.82 | 34.61 |
| Payables turnover | 8.35 | 3.57 | 4.04 | 3.99 | 5.24 | 2.15 | 4.73 | 2.53 | 2.27 | 1.90 |
| Inventory turnover | 28.60 | — | — | — | — | — | — | — | — | — |
| Asset turnover | 0.20 | 0.21 | 0.19 | 0.18 | 0.19 | 0.21 | 0.22 | 0.24 | 0.25 | 0.25 |
| Average receivables | $715.9M | $3.5M | $2.9M | $2.2M | $1.9M | $1.4M | $2.4M | $2.5M | $1.4M | $1.4M |
| Average payables | $8.9M | $7.4M | $6.5M | $5.8M | $4.1M | $4.1M | $4.1M | $3.6M | $3.7M | $4.3M |
| Average inventory | $2.6M | — | — | — | — | — | — | — | $0 | $0 |
| Intangibles / total assets | 0.5% | 0.1% | 0.4% | 0.0% | 0.0% | 0.0% | 0.5% | 0.1% | 0.1% | 0.0% |
Computed from NEN's annual financial statements (latest annual report filed March 13, 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.
NEN valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), New England Realty Associates traded at 37.4 times earnings, against a 10-year median of 39.9. It ended the year with $527.6 million of debt and $26.7 billion in cash and short-term investments, a net cash position of $26.1 billion. It returned $17.6 million to shareholders: $16.8 million in dividends and $0.8 million in share buybacks, 64% of free cash flow. The share count fell 7.6% from 3.8M to 3.5M over 9 years.
See the NEN income statement, the NEN chart for price history, or the NEN stock overview for the latest quote and news.
NEN key metrics FAQ
What is New England Realty Associates's P/E ratio?
New England Realty Associates traded at 37.4 times earnings at the end of fiscal 2025.
How much debt does New England Realty Associates have?
New England Realty Associates had total debt of $527.6 million at the end of fiscal 2025 and more cash than debt.
What is New England Realty Associates's dividend yield?
New England Realty Associates's forward dividend yield is 2.61%. New England Realty Associates paid $16.8 million in dividends in fiscal 2025 ($4.80 per share), a payout ratio of 278.4%.
Does New England Realty Associates buy back its shares?
Yes. New England Realty Associates spent $0.8 million on net share repurchases in fiscal 2025 Shares outstanding changed −1.3% over the year, to 3.5M..
What is New England Realty Associates's free cash flow yield?
New England Realty Associates generated $27.7 million of free cash flow in fiscal 2025, a free cash flow yield of 12.3% on its market value at year-end ($225.5 million).
What is New England Realty Associates's current ratio?
New England Realty Associates's current ratio was 4.71 at the end of fiscal 2025: current assets were 4.71 times current liabilities.