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AMERICAN REALTY INVESTORS INC ARL

NYSE · stock · Real Estate Operators (No Developers) & Lessors · website · IPO 1982-04-21

AMERICAN REALTY INVESTORS INC statistics & valuation

Market cap$347.3M
P / E22.1×
P / S6.9×
P / B0.4×
Net margin31.4%
Return on equity1.9%
Net debt$200.2M
Net debt / EBITDA32.3×
Enterprise value USD$547.5M
EV / EBITDA88.2×
Earnings yield EBIT/EV-1.2%
Graham number +121.6%$33.28

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 ($33.28); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
-2.30% -6.70% 115.80% -27.10% 15.30% 8.00% 994.40% 7.90% -31.10% 31.40% 2016201720182019202020212022202320242025
Gross margin (%)
2016201720182019202020212022202320242025
Operating margin (%)
12.20% 13.80% 28.60% -0.70% -0.20% -49.00% -24.70% -22.30% -14.00% -12.90% 2016201720182019202020212022202320242025
Return on equity (%)
-1.60% -5.10% 54.10% -5.40% 2.70% 1.00% 46.00% 0.50% -1.80% 1.90% 2016201720182019202020212022202320242025
Shares outstanding
15.5M 15.5M 16.7M 16.2M 16.2M 16.2M 16.2M 16.2M 16.2M 16.2M 2016201720182019202020212022202320242025
Net debt ($)
$833.6M $858.2M $250.5M $198.6M $205.9M $132.6M $74.6M $145.9M $165.5M $200.2M 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
-0.20% -0.70% 21.00% -1.90% 1.00% 0.40% 31.20% 0.40% -1.40% 1.40% 2016201720182019202020212022202320242025
Free cash flow margin (%)
2016201720182019202020212022202320242025
Debt / equity (×)
4.83× 5.46× 0.89× 0.84× 0.73× 0.54× 0.23× 0.22× 0.23× 0.26× 2016201720182019202020212022202320242025
EPS ($)
-$0.25 -$0.61 $10.35 -$1.00 $0.56 $0.21 $23.11 $0.25 -$0.91 $0.97 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

AMERICAN REALTY INVESTORS INC trades at about 15.5× earnings — near its 10-year norm (10-year range 1.2×–88×, median 15.4×).

1.2× 88×

Shaded band = 10-year range (1.2×–88×); dot = today's 15.5×.

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
Operating margin-12.9%-14.0%-22.3%-24.7%-49.0%-0.2%-0.7%28.6%13.8%12.2%
Net margin31.4%-31.1%7.9%994.4%8.0%15.3%-27.1%115.8%-6.7%-2.3%
Return on assets1.4%-1.4%0.4%31.2%0.4%1.0%-1.9%21.0%-0.7%-0.2%
Return on equity1.9%-1.8%0.5%46.0%1.0%2.7%-5.4%54.1%-5.1%-1.6%
Debt / equity0.26×0.23×0.22×0.23×0.54×0.73×0.84×0.89×5.46×4.83×

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