Stocktoria

SAUL CENTERS, INC. BFS

NYSE · reit · Real Estate Investment Trusts · website · IPO 1993-08-19

SAUL CENTERS, INC. statistics & valuation

Market cap$926.0M
P / E24.7×
P / S3.2×
P / B1.9×
Dividend yield6.17%
Net margin12.9%
Return on equity7.9%
Net debt$459.7M
Net debt / EBITDA1.8×
Enterprise value USD$1.4B
EV / EBITDA5.5×
Earnings yield EBIT/EV14.1%
Graham number -34.7%$21.83

Market cap as of 2026-06-30. 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 ($21.83); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
20.90% 21.30% 22.20% 22.30% 17.90% 20.20% 20.40% 20.50% 18.80% 12.90% 2016201720182019202020212022202320242025
Gross margin (%)
75.30% 75.80% 75.50% 75.00% 74.10% 74.20% 73.80% 73.90% 2016201720182019202020212022202320242025
Operating margin (%)
25.70% 26.80% 27.50% 73.40% 73.60% 75.80% 67.40% 2016201720182019202020212022202320242025
Return on equity (%)
12.10% 12.30% 11.90% 11.70% 9.40% 9.10% 9.60% 10.40% 10.10% 7.90% 2016201720182019202020212022202320242025
Shares outstanding
21.7M 22.1M 22.7M 23.2M 23.5M 23.8M 24.0M 24.1M 24.3M 24.6M 2016201720182019202020212022202320242025
Net debt ($)
$223.5M $273.7M $236.8M $257.8M $241.3M $222.8M $307.5M $323.9M $445.5M $459.7M 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
3.40% 3.40% 3.30% 3.20% 2.50% 2.80% 2.70% 2.60% 2.40% 1.70% 2016201720182019202020212022202320242025
Free cash flow margin (%)
-0.90% -7.30% -8.10% -8.80% 9.90% 26.10% 1.70% 2016201720182019202020212022202320242025
Debt / equity (×)
0.62× 0.72× 0.59× 0.61× 0.63× 0.45× 0.61× 0.66× 0.91× 0.98× 2016201720182019202020212022202320242025
EPS ($)
$1.52 $1.63 $1.60 $1.57 $1.25 $1.57 $1.63 $1.73 $1.63 $1.09 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

SAUL CENTERS, INC. trades at about 30.7× earnings — near its 10-year norm (10-year range 22.1×–41.8×, median 31.5×).

22.1× 41.8×

Shaded band = 10-year range (22.1×–41.8×); dot = today's 30.7×.

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
Gross margin——73.9%73.8%74.2%74.1%75.0%75.5%75.8%75.3%
Operating margin67.4%75.8%73.6%73.4%———27.5%26.8%25.7%
Net margin12.9%18.8%20.5%20.4%20.2%17.9%22.3%22.2%21.3%20.9%
FCF margin———1.7%26.1%9.9%-8.8%-8.1%-7.3%-0.9%
Return on assets1.7%2.4%2.6%2.7%2.8%2.5%3.2%3.3%3.4%3.4%
Return on equity7.9%10.1%10.4%9.6%9.1%9.4%11.7%11.9%12.3%12.1%
Debt / equity0.98×0.91×0.66×0.61×0.45×0.63×0.61×0.59×0.72×0.62×

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