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ADAMAS TRUST, INC. ADAM

Nasdaq · reit · Real Estate Investment Trusts · website · IPO 2004-06-24 · LEI

ADAMAS TRUST, INC. statistics & valuation

Market cap$854.6M
P / E5.7×
P / B0.6×
P / FCF6.8×
Dividend yield8.84%
Return on equity10.4%
Net debt$525.5M
Net debt / EBITDA3.3×
Enterprise value USD$1.4B
EV / EBITDA8.6×
Earnings yield EBIT/EV10%
Graham number +93.4%$19.65

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($19.65); a green figure means the price is below it.

Profitability & efficiency

Gross margin (%)
2016201720182019202020212022202320242025
Operating margin (%)
2016201720182019202020212022202320242025
Return on equity (%)
7.90% 9.40% 8.70% 7.90% -12.50% 8.20% -16.60% -3.00% -4.40% 10.40% 2016201720182019202020212022202320242025
Shares outstanding
109.6M 130.3M 155.6M 291.4M 377.7M 379.4M 94.3M 91.0M 90.8M 91.5M 2016201720182019202020212022202320242025
Net debt ($)
$145.2M $110.6M $104.9M -$73.2M $712.1M $297.7M $746.9M $405.7M $525.5M 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
0.80% 0.80% 0.70% 0.70% -6.20% 3.40% -4.80% -0.70% -0.70% 1.20% 2016201720182019202020212022202320242025
Free cash flow margin (%)
2016201720182019202020212022202320242025
Debt / equity (×)
0.25× 0.18× 0.10× 0.10× 0.42× 0.30× 0.58× 0.41× 0.52× 2016201720182019202020212022202320242025
EPS ($)
$0.50 $0.66 $0.61 $0.64 -$0.89 $1.51 -$3.61 -$0.99 -$1.14 $1.10 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

ADAMAS TRUST, INC. trades at about 9.2× earnings — below its 10-year norm (10-year range 7.3×–51.3×, median 31.2×).

7.3× 51.3×

Shaded band = 10-year range (7.3×–51.3×); dot = today's 9.2×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Return on assets1.2%-0.7%-0.7%-4.8%3.4%-6.2%0.7%0.7%0.8%0.8%
Return on equity10.4%-4.4%-3.0%-16.6%8.2%-12.5%7.9%8.7%9.4%7.9%
Debt / equity0.52×0.41×0.58×0.30×0.42×0.10×0.10×0.18×0.25×—

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.