Curbline Properties Corp. (CURB) 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

+197.9%

$85.45

vs $28.68 price

Levered DCF

$83.07

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

2.89

Grey zone

Rating

Overall 3 / 5

Ratios by fiscal year

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

Metric	FY2025	FY2024	FY2023	FY2022	FY2021
P/E	61.08×	243.65×	66.17×	79.4×	99.25×
P/B	1.28×	1.25×	2.41×	3.01×	0×
P/S	13.32×	20.14×	22.21×	28.44×	39.76×
EV / EBITDA	21.14×	34.82×	32.95×	39.53×	0×
Gross margin	74.9%	77.2%	76.6%	79.0%	79.4%
Operating margin	16.7%	28.1%	36.9%	37.4%	44.4%
Net margin	21.8%	8.5%	33.1%	35.2%	39.5%
Current ratio	5.11×	13.63×	1.06×	0.78×	0×
Debt / equity	0.26×	0.02×	0.05×	0.08×	0×
Interest coverage	2.52×	37.66×	22.72×	16.9×	10.83×
Dividend yield	3.2%	0.0%	0.0%	0.0%	0.0%
Payout ratio	194.3%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021
Return on equity	2.1%	0.5%	3.6%	3.7%	0.0%
Return on invested capital	1.3%	1.7%	3.8%	3.7%	0.0%
Return on assets	1.6%	0.5%	3.4%	3.4%	0.0%
Free cash flow yield	5.1%	2.2%	2.8%	2.4%	1.7%
Earnings yield	1.6%	0.4%	1.5%	1.2%	1.0%
Enterprise value	$2.6B	$1.8B	$2.1B	$2.1B	$0
Net debt / EBITDA	1.61×	-11.04×	0.72×	1×	0×
Cash conversion cycle (days)	-274	-164	-155	-249	0