Phillips Edison & Company, Inc. (PECO) Key Metrics
PECO valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $5.40B
- Enterprise value
- $7.29B
- P/E (TTM)
- 33.5 10-yr median 85.3
- Forward P/E
- 65.8
- PEG ratio
- —
- Price / sales
- 7.2 10-yr median 7.2
- Price / book
- 2.0 10-yr median 2.1
- EV / EBITDA
- 13.6 10-yr median 17.3
- Dividend yield
- 3.29% $1.38 a year
- Beta
- 0.52
PECO key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsPECO valuation Price multiples at each fiscal year-end price.
PECO returns How much profit the business earns on the capital it uses.
PECO per-share figures Results divided by the shares outstanding at year-end.
PECO financial health Debt, liquidity and how easily interest is covered.
PECO efficiency & capital use Working capital cycle and where the cash goes.
PECO valuation history
PECO returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
PECO debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
PECO cash returned to shareholders
PECO price vs earnings per share
PECO key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $4.94B | $5.13B | $4.85B | $4.15B | $3.85B | — | — | — | — | — |
| Enterprise value | $7.41B | $7.23B | $6.91B | $6.14B | $5.76B | — | — | — | — | — |
| P/E ratio | 44.4 | 81.8 | 85.3 | 85.9 | 254.9 | — | — | — | — | — |
| Price / sales | 6.7 | 7.7 | 8.0 | 7.2 | 7.2 | — | — | — | — | — |
| Price / book | 2.2 | 2.2 | 2.1 | 1.9 | 1.8 | — | — | — | — | — |
| Price / free cash flow | 23.3 | 21.4 | 24.8 | 22.3 | 20.5 | — | — | — | — | — |
| Price / operating cash flow | 14.2 | 15.3 | 16.7 | 14.3 | 14.7 | — | — | — | — | — |
| EV / sales | 10.1 | 10.9 | 11.3 | 10.7 | 10.8 | — | — | — | — | — |
| EV / EBITDA | 14.9 | 17.3 | 17.9 | 16.9 | 17.9 | — | — | — | — | — |
| EV / free cash flow | 35.0 | 30.2 | 35.3 | 33.0 | 30.6 | — | — | — | — | — |
| Earnings yield | 2.3% | 1.2% | 1.2% | 1.2% | 0.4% | — | — | — | — | — |
| Free cash flow yield | 4.3% | 4.7% | 4.0% | 4.5% | 4.9% | — | — | — | — | — |
| Dividend yield | 3.2% | 2.6% | 2.8% | 3.1% | 2.8% | — | — | — | — | — |
| Shareholder yield (dividends + buybacks) | 3.2% | 2.6% | 2.8% | 3.1% | 4.8% | — | — | — | — | — |
| Share price at fiscal year-end | $35.57 | $37.46 | $36.48 | $31.84 | $33.04 | — | — | — | — | — |
| Per share | ||||||||||
| Revenue per share | $5.27 | $4.83 | $4.59 | $4.41 | $4.57 | $4.48 | $4.92 | $5.35 | $4.76 | $4.14 |
| Earnings per share | $0.80 | $0.46 | $0.43 | $0.37 | $0.13 | $0.04 | −$0.58 | $0.49 | −$0.59 | $0.14 |
| Operating cash flow per share | $2.51 | $2.45 | $2.19 | $2.23 | $2.25 | $1.89 | $2.08 | $1.91 | $1.66 | $1.66 |
| Free cash flow per share | $1.53 | $1.75 | $1.47 | $1.43 | $1.61 | $1.32 | $1.39 | $1.30 | −$1.42 | −$2.00 |
| Cash per share | $0.14 | $0.04 | $0.10 | $0.10 | $0.84 | $0.94 | $0.16 | $0.21 | $0.09 | $0.13 |
| Book value per share | $16.46 | $16.96 | $17.37 | $17.16 | $18.42 | $15.21 | $16.64 | $24.83 | $15.97 | $19.31 |
| Tangible book value per share | $16.20 | $15.23 | $17.11 | $16.89 | $18.12 | $14.88 | $16.35 | $24.30 | $14.69 | $18.62 |
| Dividends per share | $1.13 | $0.98 | $1.02 | $0.98 | $0.91 | $0.44 | $1.13 | $1.00 | $1.13 | $1.03 |
| Capex per share | $0.98 | $0.69 | $0.72 | $0.80 | $0.64 | $0.58 | $0.69 | $0.61 | $3.08 | $3.65 |
| Debt per share | $17.95 | $15.45 | $15.62 | $15.39 | $17.14 | $21.54 | $22.62 | $31.22 | $27.59 | $16.97 |
| Shares outstanding | 138.9M | 136.8M | 133.0M | 130.3M | 116.7M | 111.2M | 109.0M | 80.5M | 65.5M | 62.2M |
| Change in shares outstanding | +1.5% | +2.9% | +2.0% | +11.7% | +5.0% | +1.9% | +35.5% | +22.8% | +5.3% | +0.1% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 4.8% | 2.7% | 2.5% | 2.2% | 0.8% | 0.3% | −3.3% | 2.6% | −3.4% | 0.7% |
| Return on invested capital (ROIC) | 4.3% | 9.4% | 9.0% | 8.7% | 8.0% | 6.7% | 5.9% | 6.7% | 4.8% | 3.3% |
| Return on assets (ROA) | 2.2% | 1.3% | 1.2% | 1.0% | 0.3% | 0.1% | −1.3% | 0.9% | −1.3% | 0.4% |
| Return on tangible assets | 2.1% | 1.3% | 1.2% | 1.0% | 0.3% | 0.1% | −1.3% | 0.8% | −1.1% | 0.4% |
| Free cash flow margin | 29.0% | 36.2% | 32.1% | 32.4% | 35.3% | 29.4% | 28.2% | 24.2% | −29.8% | −48.2% |
| Income quality (OCF / net income) | 3.13 | 5.34 | 5.12 | 6.02 | 17.39 | 44.13 | — | 3.92 | — | 11.54 |
| Financial health | ||||||||||
| Total debt | $2.49B | $2.11B | $2.08B | $2.01B | $2.00B | $2.39B | $2.47B | $2.51B | $1.81B | $1.06B |
| Cash & short-term investments | $19.9M | $4.9M | $13.4M | $13.3M | $98.1M | $104.3M | $17.8M | $16.8M | $5.7M | $8.2M |
| Net debt | $2.47B | $2.11B | $2.06B | $1.99B | $1.90B | $2.29B | $2.45B | $2.50B | $1.80B | $1.05B |
| Debt / equity | 1.09 | 0.91 | 0.90 | 0.90 | 0.93 | 1.42 | 1.36 | 1.26 | 1.73 | 0.88 |
| Debt / assets | 0.47 | 0.42 | 0.43 | 0.42 | 0.43 | 0.51 | 0.51 | 0.49 | 0.51 | 0.44 |
| Net debt / EBITDA | 4.98 | 5.04 | 5.35 | 5.50 | 5.90 | 7.66 | 7.58 | 10.25 | 11.95 | 7.55 |
| Current ratio | 0.66 | 0.74 | 0.40 | 0.55 | 1.72 | 1.11 | 0.72 | 0.84 | 0.65 | 0.89 |
| Quick ratio | 0.66 | 0.74 | 0.40 | 0.41 | 1.70 | 0.27 | 0.68 | 0.71 | 0.76 | 1.10 |
| Interest coverage | 1.8 | 4.4 | 4.7 | 5.2 | 4.3 | 3.5 | 3.2 | 3.4 | 3.4 | 4.4 |
| Working capital | −$101.5M | −$50.0M | −$190.7M | −$95.6M | $83.7M | $20.1M | −$38.9M | −$19.9M | −$52.6M | −$6.3M |
| Invested capital | $4.76B | $4.43B | $4.37B | $4.23B | $4.05B | $3.98B | $4.26B | $4.49B | $2.85B | $2.25B |
| Tangible asset value | $2.55B | $2.40B | $2.62B | $2.56B | $2.44B | $1.98B | $2.14B | $2.37B | $1.39B | $1.18B |
| Net current asset value | −$2.50B | −$2.27B | −$2.09B | −$2.02B | −$1.99B | −$2.45B | −$2.56B | −$2.64B | −$1.95B | −$1.11B |
| Graham number | $17.23 | $13.22 | $12.93 | $11.96 | $7.33 | $3.83 | — | $16.49 | — | $7.90 |
| Graham net-net per share | −$18.55 | −$16.94 | −$15.93 | −$15.67 | −$17.44 | −$21.76 | −$23.67 | −$33.82 | −$30.55 | −$18.53 |
| Capital allocation | ||||||||||
| Dividends paid | $157.3M | $134.0M | $135.7M | $127.1M | $106.7M | $49.3M | $123.1M | $80.7M | $74.2M | $64.3M |
| Share buybacks (net) | — | — | $0 | $0 | $77.8M | $5.3M | $34.7M | $53.2M | $46.5M | $20.3M |
| Dividend payout ratio | 141.3% | 213.8% | 238.8% | 263.0% | 705.6% | — | — | 206.3% | — | 719.5% |
| Dividends + buybacks / free cash flow | 74.2% | 55.9% | 69.4% | 68.2% | 98.2% | 37.2% | 104.2% | 128.3% | — | — |
| Capex / revenue | 18.6% | 14.4% | 15.6% | 18.2% | 14.1% | 12.8% | 14.1% | 11.4% | 64.8% | 88.2% |
| Capex / operating cash flow | 39.1% | 28.4% | 32.7% | 35.9% | 28.5% | 30.4% | 33.3% | 32.0% | 185.4% | 220.4% |
| Capex / depreciation | 0.53 | 0.39 | 0.41 | 0.45 | 0.34 | 0.29 | 0.32 | 0.26 | 1.57 | 2.20 |
| Stock-based compensation / revenue | 1.6% | 1.5% | 1.5% | 2.7% | 3.1% | 1.2% | 1.4% | 1.2% | 8.8% | — |
| R&D / revenue | — | — | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| SG&A / revenue | 7.1% | 6.9% | 7.3% | 7.9% | 9.2% | 8.3% | 9.0% | 11.7% | 19.6% | 14.1% |
| Efficiency | ||||||||||
| Days sales outstanding | 63.2 | 62.6 | 59.1 | 53.2 | 53.9 | 57.1 | 27.6 | 30.0 | 76.8 | — |
| Days of inventory on hand | — | — | — | 34.4 | 185.8 | 195.6 | 26.5 | 1.2 | -53.3 | -54.4 |
| Days payables outstanding | 80.1 | 251.1 | 239.3 | 235.3 | 316.1 | 355.5 | 280.0 | 310.7 | 298.0 | 244.9 |
| Cash conversion cycle (days) | -16.9 | -188.5 | -180.2 | -147.7 | -76.4 | -102.8 | -225.8 | -279.6 | -274.6 | — |
| Receivables turnover | 5.78 | 5.83 | 6.18 | 6.87 | 6.77 | 6.39 | 13.21 | 12.19 | 4.76 | — |
| Payables turnover | 4.56 | 1.45 | 1.53 | 1.55 | 1.15 | 1.03 | 1.30 | 1.17 | 1.22 | 1.49 |
| Inventory turnover | — | — | — | 10.61 | 1.96 | 1.87 | 13.76 | 305.40 | — | — |
| Asset turnover | 0.14 | 0.13 | 0.13 | 0.12 | 0.11 | 0.10 | 0.11 | 0.10 | 0.11 | 0.11 |
| Average receivables | $126.8M | $113.5M | $98.8M | $83.8M | $78.7M | $77.9M | $40.6M | $35.3M | $65.5M | — |
| Average payables | $162.9M | $130.9M | $114.8M | $105.2M | $137.1M | $150.5M | $123.5M | $112.8M | $79.4M | $52.7M |
| Average inventory | — | — | — | $15.4M | $80.6M | $82.8M | $11.7M | $434,000 | −$14.2M | −$11.7M |
| Intangibles / total assets | 0.7% | 4.7% | 0.7% | 0.8% | 0.8% | 0.8% | 0.7% | 0.8% | 2.4% | 1.8% |
Computed from PECO's annual financial statements (latest annual report filed February 10, 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.
PECO valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Phillips Edison & traded at 44.4 times earnings, against a 10-year median of 85.3. Based on the latest twelve months, the trailing P/E is 33.5 and the forward P/E is 65.8. Phillips Edison & earned a return on equity of 4.8% and a return on invested capital of 4.3% in fiscal 2025. It ended the year with $2.5 billion of debt and $19.9 million in cash and short-term investments, net debt of $2.5 billion. It returned $157.3 million to shareholders: $157.3 million in dividends and $0 in share buybacks, 74% of free cash flow. The share count rose 123.2% from 62.2M to 138.9M over 9 years.
See the PECO income statement, the PECO chart for price history, or the PECO stock overview for the latest quote and news.
PECO key metrics FAQ
What is Phillips Edison &'s P/E ratio?
Phillips Edison &'s trailing P/E ratio is 33.5 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 65.8. At the end of fiscal 2025 it was 44.4, compared with a 10-year median of 85.3.
What is Phillips Edison &'s EV/EBITDA?
Phillips Edison &'s enterprise value was 14.9 times EBITDA at the end of fiscal 2025 (enterprise value $7.4 billion, EBITDA $497.1 million); the current EV/EBITDA is 13.6.
What is Phillips Edison &'s return on equity?
Phillips Edison &'s return on equity (ROE) was 4.8% in fiscal 2025: net income of $111.3 million on average shareholders' equity of $2.3 billion.
What is Phillips Edison &'s ROIC?
Phillips Edison &'s return on invested capital was 4.3% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Phillips Edison & have?
Phillips Edison & had total debt of $2.5 billion at the end of fiscal 2025, a debt-to-equity ratio of 1.09 and $2.5 billion of net debt (4.98 times EBITDA).
What is Phillips Edison &'s dividend yield?
Phillips Edison &'s forward dividend yield is 3.29%. Phillips Edison & paid $157.3 million in dividends in fiscal 2025 ($1.13 per share), a payout ratio of 141.3%.
What is Phillips Edison &'s free cash flow yield?
Phillips Edison & generated $212.0 million of free cash flow in fiscal 2025, a free cash flow yield of 4.3% on its market value at year-end ($4.9 billion).
What is Phillips Edison &'s current ratio?
Phillips Edison &'s current ratio was 0.66 at the end of fiscal 2025: current assets were 0.66 times current liabilities.