Arbor Realty Trust (ABR) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

+12706.7%

$247.81

vs $1.94 price

Levered DCF

$159.11

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

0.18

Distress zone

Rating

B-

Overall 2 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	13.86×	11.74×	8.48×	7.67×	7.97×	9.85×	11.04×	6.54×
P/B	0.51×	0.86×	0.9×	0.74×	1.04×	1.2×	1.12×	0.79×
P/S	1.24×	4.16×	3.9×	3.33×	3.82×	3.67×	3.58×	2.03×
EV / EBITDA	13.38×	10.3×	9.97×	15.25×	20.34×	12.87×	15.75×	10.52×
Gross margin	93.9%	90.1%	92.1%	91.4%	93.0%	90.4%	86.4%	86.3%
Operating margin	74.6%	61.1%	69.8%	66.7%	67.0%	57.5%	53.6%	54.6%
Net margin	12.3%	42.2%	51.7%	49.8%	51.3%	38.9%	34.6%	33.3%
Current ratio	0.1×	3.53×	0.47×	4.22×	3.25×	0×	3.47×	0.49×
Debt / equity	3.74×	3.32×	3.89×	4.62×	5.03×	3.48×	3.97×	3.7×
Interest coverage	1.29×	0.48×	0.56×	0.78×	2.09×	1.49×	1.07×	1.23×
Dividend yield	21.4%	15.1%	13.6%	14.8%	9.0%	9.3%	8.7%	10.7%
Payout ratio	215.0%	149.2%	102.5%	98.8%	66.9%	87.4%	89.7%	65.3%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	5.0%	8.8%	11.9%	11.1%	14.0%	12.7%	10.9%	12.9%
Return on invested capital	141.7%	2.7%	3.0%	2.4%	2.6%	20.9%	2.9%	3.7%
Return on assets	1.0%	2.0%	2.4%	1.9%	2.3%	2.2%	2.1%	2.5%
Free cash flow yield	26.5%	17.7%	8.4%	50.4%	8.6%	3.4%	-17.0%	-5.4%
Earnings yield	9.9%	10.1%	13.3%	14.9%	13.4%	10.6%	9.7%	16.4%
Enterprise value	$12.1B	$12.2B	$14B	$15.2B	$14.3B	$6B	$5.7B	$3.9B
Net debt / EBITDA	11.72×	8.09×	7.97×	13.06×	16.74×	9.38×	12.09×	8.59×
Cash conversion cycle (days)	2	6,331	0	7,893	6,525	10	3,867	-46