Seritage Growth Properties (SRG) Key Metrics
SRG valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $91.2M
- Enterprise value
- $105.5M
- P/E (TTM)
- —
- Forward P/E
- 11.3
- PEG ratio
- —
- Price / sales
- 7.3 10-yr median 5.6
- Price / book
- 0.4 10-yr median 0.9
- EV / EBITDA
- 74.5 10-yr median 16.6
- Dividend yield
- —
- Beta
- 2.24
SRG key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsSRG valuation Price multiples at each fiscal year-end price.
SRG returns How much profit the business earns on the capital it uses.
SRG per-share figures Results divided by the shares outstanding at year-end.
SRG financial health Debt, liquidity and how easily interest is covered.
SRG efficiency & capital use Working capital cycle and where the cash goes.
SRG valuation history
SRG returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
SRG debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
SRG cash returned to shareholders
SRG price vs earnings per share
SRG key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $183.0M | $231.8M | $525.0M | $588.3M | $562.6M | $562.2M | $1.46B | $1.15B | $1.37B | $1.34B |
| Enterprise value | $182.6M | $386.6M | $758.6M | $2.51B | $1.94B | $2.06B | $2.93B | $2.23B | $2.47B | $2.48B |
| Price / sales | 10.1 | 13.2 | 25.3 | 5.5 | 4.8 | 4.8 | 8.7 | 5.4 | 5.7 | 5.4 |
| Price / book | 0.6 | 0.6 | 0.9 | 0.8 | 0.7 | 0.6 | 2.0 | 1.0 | 1.5 | 0.9 |
| Price / free cash flow | — | — | — | — | — | — | — | 20.9 | — | 51.2 |
| Price / operating cash flow | — | — | — | — | — | — | — | 20.9 | 19.6 | 14.5 |
| EV / sales | 10.0 | 21.9 | 36.5 | 23.5 | 16.6 | 17.7 | 17.4 | 10.4 | 10.3 | 10.0 |
| EV / EBITDA | — | — | — | 298.0 | 16.1 | 62.7 | 27.0 | 11.1 | 11.7 | 16.6 |
| EV / free cash flow | — | — | — | — | — | — | — | 40.6 | — | 94.6 |
| Earnings yield | −37.3% | −66.2% | −29.5% | −12.6% | −5.0% | −18.7% | −4.1% | −6.4% | −5.4% | −3.8% |
| Free cash flow yield | −19.1% | −23.1% | −149.7% | −20.0% | −24.2% | −8.4% | −4.0% | 4.8% | −12.7% | 2.0% |
| Dividend yield | 2.7% | 2.1% | 0.9% | 0.8% | 0.9% | 0.9% | 1.6% | 3.5% | 2.5% | 2.9% |
| Shareholder yield (dividends + buybacks) | 2.7% | 2.4% | 1.0% | 0.8% | 0.9% | 0.9% | 1.8% | 3.6% | 2.5% | 2.9% |
| Share price at fiscal year-end | $3.25 | $4.12 | $9.35 | $11.83 | $13.27 | $14.68 | $40.08 | $32.33 | $40.46 | $42.71 |
| Per share | ||||||||||
| Revenue per share | $0.32 | $0.31 | $0.37 | $2.15 | $2.75 | $3.04 | $4.63 | $6.04 | $7.13 | $7.92 |
| Earnings per share | −$1.21 | −$2.73 | −$2.76 | −$1.49 | −$0.66 | −$2.74 | −$1.63 | −$2.07 | −$2.18 | −$1.64 |
| Operating cash flow per share | −$0.62 | −$0.95 | −$0.94 | −$2.37 | −$3.21 | −$1.24 | −$1.58 | $1.54 | $2.06 | $2.94 |
| Free cash flow per share | −$0.62 | −$0.95 | −$14.00 | −$2.37 | −$3.21 | −$1.24 | −$1.58 | $1.54 | −$5.13 | $0.83 |
| Cash per share | $0.85 | $1.51 | $2.39 | $2.68 | $2.51 | $3.75 | $3.82 | $14.98 | $7.15 | $1.66 |
| Book value per share | $5.89 | $7.19 | $10.01 | $14.53 | $19.93 | $23.05 | $20.09 | $32.35 | $26.23 | $45.34 |
| Tangible book value per share | $5.88 | $7.17 | $9.99 | $14.49 | $19.58 | $22.56 | $18.22 | $28.88 | $17.06 | $30.55 |
| Dividends per share | $0.09 | $0.09 | $0.09 | $0.10 | $0.12 | $0.13 | $0.63 | $1.12 | $1.01 | $1.25 |
| Capex per share | $0.00 | $0.00 | $13.05 | $2.00 | $2.49 | $6.44 | $6.79 | $2.91 | $7.19 | $2.11 |
| Debt per share | $0.85 | $4.27 | $6.55 | $41.41 | $34.93 | $42.82 | $44.11 | $45.34 | $39.80 | $37.90 |
| Shares outstanding | 56.3M | 56.3M | 56.2M | 49.7M | 42.4M | 38.3M | 36.4M | 35.6M | 33.8M | 31.4M |
| Change in shares outstanding | +0.1% | +0.2% | +12.9% | +17.3% | +10.7% | +5.2% | +2.4% | +5.2% | +7.6% | +0.1% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | −18.5% | −31.8% | −24.1% | −9.4% | −3.3% | −13.0% | −6.3% | −7.2% | −6.4% | −3.4% |
| Return on invested capital (ROIC) | −6.5% | −5.3% | −3.1% | −1.5% | −1.9% | −3.0% | −2.0% | −4.4% | −4.0% | −0.9% |
| Return on assets (ROA) | −12.7% | −18.6% | −11.0% | −3.5% | −1.1% | −3.9% | −2.1% | −2.6% | −2.7% | −1.9% |
| Return on tangible assets | −17.3% | −22.7% | −15.9% | −4.0% | −1.2% | −4.0% | −2.2% | −2.7% | −3.0% | −2.3% |
| Free cash flow margin | −191.7% | −303.9% | — | −110.2% | −116.6% | −40.6% | −34.2% | 25.6% | −72.0% | 10.5% |
| Financial health | ||||||||||
| Total debt | $47.7M | $240.0M | $367.6M | $2.06B | $1.48B | $1.64B | $1.61B | $1.61B | $1.35B | $1.19B |
| Cash & short-term investments | $48.1M | $85.2M | $134.0M | $133.5M | $106.6M | $143.7M | $139.3M | $532.9M | $241.6M | $52.0M |
| Net debt | −$411,000 | $154.8M | $233.6M | $1.93B | $1.37B | $1.50B | $1.47B | $1.08B | $1.10B | $1.14B |
| Debt / equity | 0.14 | 0.59 | 0.65 | 2.85 | 1.75 | 1.86 | 2.20 | 1.40 | 1.52 | 0.84 |
| Debt / assets | 0.12 | 0.35 | 0.38 | 1.12 | 0.61 | 0.62 | 0.58 | 0.56 | 0.48 | 0.44 |
| Net debt / EBITDA | — | — | — | 228.31 | 11.40 | 45.60 | 13.56 | 5.36 | 5.21 | 7.62 |
| Current ratio | 3.89 | 3.30 | 4.97 | 7.97 | 1.74 | 1.69 | 2.65 | 5.60 | 5.61 | 1.90 |
| Quick ratio | 3.89 | 3.30 | 26.17 | 7.97 | 1.74 | 1.69 | 2.65 | 5.58 | 5.78 | 2.01 |
| Interest coverage | -1.8 | -1.8 | -1.5 | -0.5 | -0.5 | -0.9 | -0.6 | -1.3 | -1.6 | -0.5 |
| Working capital | $38.5M | $73.6M | $172.4M | $570.8M | $64.9M | $85.0M | $130.8M | $478.4M | $373.5M | $79.4M |
| Invested capital | $331.0M | $559.2M | $795.6M | $2.65B | $2.22B | $2.38B | $2.20B | $2.23B | $1.99B | $2.56B |
| Tangible asset value | $332.6M | $404.8M | $562.3M | $720.8M | $830.0M | $864.1M | $975.2M | $1.03B | $1.01B | $959.9M |
| Net current asset value | −$9.2M | −$166.4M | −$194.9M | −$466.4M | −$1.42B | −$1.56B | −$1.50B | −$1.14B | −$1.00B | −$1.12B |
| Graham net-net per share | −$0.18 | −$3.21 | −$12.96 | −$19.19 | −$33.99 | −$41.45 | −$41.94 | −$32.74 | −$35.41 | −$38.94 |
| Capital allocation | ||||||||||
| Dividends paid | $4.9M | $4.9M | $4.9M | $4.9M | $4.9M | $4.9M | $22.9M | $39.7M | $34.2M | $39.4M |
| Share buybacks (net) | $126,000 | $586,000 | $315,000 | $7,000 | $269,000 | $85,000 | $3.5M | $1.8M | $0 | $0 |
| Dividends + buybacks / free cash flow | — | — | — | — | — | — | — | 75.7% | — | 150.0% |
| Capex / revenue | 0.0% | 0.0% | 3,527.2% | 92.8% | 90.5% | 211.9% | 146.6% | 48.2% | 100.9% | 26.6% |
| Capex / operating cash flow | — | — | — | — | — | — | — | 188.5% | 349.0% | 71.6% |
| Capex / depreciation | 0.00 | 0.00 | 50.04 | 2.40 | 2.06 | 2.62 | 2.37 | 0.46 | 0.93 | 0.38 |
| Stock-based compensation / revenue | 1.1% | 8.4% | 13.2% | 2.6% | 1.6% | −2.6% | 4.1% | 3.5% | 2.9% | 0.4% |
| R&D / revenue | — | — | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| SG&A / revenue | 175.5% | 170.4% | 226.6% | 44.5% | 36.0% | 24.8% | 23.2% | 16.2% | 11.6% | 7.0% |
| Efficiency | ||||||||||
| Days sales outstanding | 115.9 | 208.6 | 472.0 | 120.4 | 118.4 | 158.3 | 98.9 | 57.5 | 40.9 | 24.2 |
| Days of inventory on hand | — | — | -6,125.6 | 0.0 | 0.0 | 0.0 | — | -29.9 | -65.7 | -81.9 |
| Days payables outstanding | — | 668.1 | 450.8 | 170.7 | 183.7 | 185.4 | 128.7 | 82.4 | 100.7 | 116.4 |
| Cash conversion cycle (days) | — | -459.6 | -6,104.4 | -50.4 | -65.3 | -27.1 | -29.8 | -54.8 | -125.5 | -174.1 |
| Receivables turnover | 3.15 | 1.75 | 0.77 | 3.03 | 3.08 | 2.31 | 3.69 | 6.34 | 8.93 | 15.10 |
| Payables turnover | — | 0.55 | 0.81 | 2.14 | 1.99 | 1.97 | 2.84 | 4.43 | 3.63 | 3.14 |
| Inventory turnover | — | — | — | 65,720,000.00 | 80,263,000.00 | 77,932,000.00 | — | — | — | — |
| Asset turnover | 0.03 | 0.02 | 0.01 | 0.05 | 0.05 | 0.04 | 0.06 | 0.08 | 0.09 | 0.09 |
| Average receivables | $5.8M | $10.1M | $26.9M | $35.3M | $37.8M | $50.5M | $45.7M | $33.9M | $27.0M | $16.5M |
| Average payables | — | $37.1M | $33.9M | $30.7M | $40.4M | $39.6M | $28.5M | $16.1M | $18.0M | $20.8M |
| Average inventory | — | — | −$460.0M | $1 | $1 | $1 | — | −$5.8M | −$11.8M | −$14.6M |
| Intangibles / total assets | 0.0% | 0.2% | 0.1% | 0.1% | 0.6% | 0.7% | 2.5% | 4.3% | 11.2% | 17.1% |
Computed from SRG's annual financial statements (latest annual report filed March 31, 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.
SRG valuation and financial ratios
Seritage Growth Properties earned a return on equity of −18.5% and a return on invested capital of −6.5% in fiscal 2025. It ended the year with $47.7 million of debt and $48.1 million in cash and short-term investments, a net cash position of $0.4 million. It returned $5.0 million to shareholders: $4.9 million in dividends and $0.1 million in share buybacks. The share count rose 79.3% from 31.4M to 56.3M over 9 years.
See the SRG income statement, the SRG chart for price history, or the SRG stock overview for the latest quote and news.
SRG key metrics FAQ
What is Seritage Growth Properties's return on equity?
Seritage Growth Properties's return on equity (ROE) was −18.5% in fiscal 2025: net income of -$68.2 million on average shareholders' equity of $367.9 million.
What is Seritage Growth Properties's ROIC?
Seritage Growth Properties's return on invested capital was −6.5% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Seritage Growth Properties have?
Seritage Growth Properties had total debt of $47.7 million at the end of fiscal 2025, a debt-to-equity ratio of 0.14 and more cash than debt.
What is Seritage Growth Properties's dividend yield?
Seritage Growth Properties paid $4.9 million in dividends in fiscal 2025 ($0.09 per share), a payout ratio of —.
Does Seritage Growth Properties buy back its shares?
Yes. Seritage Growth Properties spent $0.1 million on net share repurchases in fiscal 2025 Shares outstanding changed +0.1% over the year, to 56.3M..
What is Seritage Growth Properties's free cash flow yield?
Seritage Growth Properties generated -$34.9 million of free cash flow in fiscal 2025, a free cash flow yield of −19.1% on its market value at year-end ($183.0 million).
What is Seritage Growth Properties's current ratio?
Seritage Growth Properties's current ratio was 3.89 at the end of fiscal 2025: current assets were 3.89 times current liabilities.