NREF Ratios and Metrics

Market cap in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Apr '26 Apr 2, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Market Cap	303	262	274	271	271	176
Market Cap Growth	10.05%	-4.54%	0.94%	0.00%	53.85%	112.61%
Enterprise Value	4,730	4,733	4,858	5,975	7,008	7,372
Last Close Price	13.23	14.08	15.69	15.75	15.89	19.25
PE Ratio	4.65	4.94	15.38	26.25	72.23	4.90
Forward PE	7.77	7.36	6.38	8.33	7.87	7.87
PS Ratio	1.91	2.22	3.74	7.18	6.75	1.82
PB Ratio	0.64	0.67	0.82	0.78	0.71	0.74
P/TBV Ratio	1.43	1.53	0.82	0.78	0.93	1.65
P/FCF Ratio	-	12.18	9.65	8.75	-2.28	9.04
P/OCF Ratio	13.08	11.41	9.36	8.60	4.12	3.58
EV/Sales Ratio	30.07	40.16	66.26	158.10	174.23	75.86
EV/EBITDA Ratio	-	1550.34	325.73	1554.30	669.32	1121.54
EV/FCF Ratio	-	220.49	171.17	192.55	-58.96	377.87
Debt / Equity Ratio	4.84	4.84	7.60	12.58	12.07	13.67
Debt / EBITDA Ratio	1319.24	1319.24	291.36	1458.15	628.02	1053.82
Debt / FCF Ratio	187.62	187.62	153.11	180.64	-55.32	355.06
Net Debt / Equity Ratio	10.38	10.38	13.05	16.14	17.13	29.10
Net Debt / EBITDA Ratio	1319.24	1319.24	291.36	1458.15	628.02	1053.82
Net Debt / FCF Ratio	187.62	187.62	153.11	180.64	-55.32	355.06
Asset Turnover	0.02	0.02	0.01	0.00	0.00	0.01
Return on Equity (ROE)	17.55%	17.55%	7.07%	3.78%	2.70%	18.33%
Earnings Yield	25.26%	20.24%	6.50%	3.81%	1.38%	20.42%
FCF Yield	-	8.21%	10.36%	11.43%	-43.80%	11.06%
Dividend Yield	15.11%	14.21%	12.76%	17.70%	12.71%	11.15%
Payout Ratio	70.22%	46.71%	196.94%	461.10%	517.22%	35.79%
Buyback Yield / Dilution	-141.41%	-141.41%	-1.18%	23.47%	-10.36%	-9.21%
Total Shareholder Return	-126.31%	-127.21%	11.58%	41.18%	2.35%	1.93%

Updated Feb 26, 2026. Data Source: Fiscal.ai. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q