(CET) Central Securities - Overview
Stock: Equity, Bonds, Convertibles, Warrants, Options
Dividends
| Dividend Yield | 5.54% |
| Yield on Cost 5y | 10.67% |
| Yield CAGR 5y | -7.88% |
| Payout Consistency | 78.0% |
| Payout Ratio | 74.8% |
| Risk 5d forecast | |
|---|---|
| Volatility | 11.5% |
| Relative Tail Risk | 0.56% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.75 |
| Alpha | 3.90 |
| Character TTM | |
|---|---|
| Beta | 0.650 |
| Beta Downside | 0.724 |
| Drawdowns 3y | |
|---|---|
| Max DD | 15.42% |
| CAGR/Max DD | 1.25 |
Description: CET Central Securities January 15, 2026
Central Securities Corp. (NYSE MKT:CET) is a publicly traded investment manager headquartered in New York City, founded on October 1 1929. The firm’s primary mandate is to allocate capital across U.S. public equities, but it also holds a diversified set of securities including corporate and government bonds, convertible and preferred stocks, warrants, options, real-estate assets, and short-term obligations.
Key metrics (as of the latest filings) show approximately $1.2 billion in assets under management (AUM) and an expense ratio of roughly 0.85 %, placing CET in the mid-range of the asset-management peer group. The sector is currently driven by fee-compression pressures, heightened client demand for ESG-aligned products, and the impact of rising interest rates on bond-heavy portfolios. CET’s exposure to both equity and fixed-income markets gives it a built-in hedge against equity-market volatility, but also makes its performance sensitive to the Federal Reserve’s policy cycle.
For a deeper quantitative view of CET’s risk-adjusted performance and how it stacks up against peers, you may find ValueRay’s analytics platform a useful next step.
Piotroski VR‑10 (Strict, 0-10) 4.0
| Net Income: 507.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.02 > 0.02 and ΔFCF/TA 1.26 > 1.0 |
| NWC/Revenue: 0.70% < 20% (prev -0.58%; Δ 1.28% < -1%) |
| CFO/TA 0.02 > 3% & CFO 37.3m > Net Income 507.0m |
| Net Debt (2.71m) to EBITDA (507.3m): 0.01 < 3 |
| Current Ratio: error (cannot be calculated; needs correct Total Current Assets and Liabilities) |
| Outstanding Shares: last quarter (28.9m) vs 12m ago 3.35% < -2% |
| Gross Margin: 92.93% > 18% (prev 0.90%; Δ 9203 % > 0.5%) |
| Asset Turnover: 10.09% > 50% (prev 3.67%; Δ 6.42% > 0%) |
| Interest Coverage Ratio: error (cannot be calculated; needs correct EBITDA TTM and Interest Expense TTM) |
Altman Z'' 10.00
| A: 0.00 (Total Current Assets 1.03m - Total Current Liabilities 0.0) / Total Assets 1.67b |
| B: 0.70 (Retained Earnings 1.17b / Total Assets 1.67b) |
| C: 0.35 (EBIT TTM 507.0m / Avg Total Assets 1.46b) |
| D: 273.0 (Book Value of Equity 1.20b / Total Liabilities 4.38m) |
| Altman-Z'' Score: 291.3 = AAA |
Beneish M -1.69
| DSRI: 0.37 (Receivables 907.6k/760.6k, Revenue 146.8m/45.5m) |
| GMI: 0.96 (GM 92.93% / 89.65%) |
| AQI: 1.00 (AQ_t 1.00 / AQ_t-1 1.00) |
| SGI: 3.22 (Revenue 146.8m / 45.5m) |
| TATA: 0.28 (NI 507.0m - CFO 37.3m) / TA 1.67b) |
| Beneish M-Score: -1.69 (Cap -4..+1) = CCC |
What is the price of CET shares?
Over the past week, the price has changed by +0.06%, over one month by +0.39%, over three months by +7.65% and over the past year by +14.93%.
Is CET a buy, sell or hold?
What are the forecasts/targets for the CET price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 0.6 | -98.9% |
| Analysts Target Price | 0.6 | -98.9% |
| ValueRay Target Price | 62.8 | 20.5% |
CET Fundamental Data Overview February 05, 2026
P/S = 55.8752
P/B = 0.9068
Revenue TTM = 146.8m USD
EBIT TTM = 507.0m USD
EBITDA TTM = 507.3m USD
Long Term Debt = unknown (none)
Short Term Debt = unknown (none)
Debt = 2.83m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 2.71m USD (from netDebt column, last quarter)
Enterprise Value = 1.51b USD (1.51b + Debt 2.83m - CCE 118.6k)
Interest Coverage Ratio = unknown (Ebit TTM 507.0m / Interest Expense TTM 0.0)
EV/FCF = 42.05x (Enterprise Value 1.51b / FCF TTM 36.0m)
FCF Yield = 2.38% (FCF TTM 36.0m / Enterprise Value 1.51b)
FCF Margin = 24.54% (FCF TTM 36.0m / Revenue TTM 146.8m)
Net Margin = 345.3% (Net Income TTM 507.0m / Revenue TTM 146.8m)
Gross Margin = 92.93% ((Revenue TTM 146.8m - Cost of Revenue TTM 10.4m) / Revenue TTM)
Gross Margin QoQ = 94.84% (prev 90.39%)
Tobins Q-Ratio = 0.91 (Enterprise Value 1.51b / Total Assets 1.67b)
Interest Expense / Debt = 42.50% (Interest Expense 1.20m / Debt 2.83m)
Taxrate = 21.0% (US default 21%)
NOPAT = 400.5m (EBIT 507.0m * (1 - 21.00%))
Current Ratio = unknown (Total Current Assets 1.03m / Total Current Liabilities 0.0)
Debt / Equity = 0.00 (Debt 2.83m / totalStockholderEquity, last quarter 1.67b)
Debt / EBITDA = 0.01 (Net Debt 2.71m / EBITDA 507.3m)
Debt / FCF = 0.08 (Net Debt 2.71m / FCF TTM 36.0m)
Total Stockholder Equity = 1.51b (last 4 quarters mean from totalStockholderEquity)
RoA = 34.84% (Net Income 507.0m / Total Assets 1.67b)
RoE = 33.53% (Net Income TTM 507.0m / Total Stockholder Equity 1.51b)
RoCE = 30.35% (EBIT 507.0m / Capital Employed (Total Assets 1.67b - Current Liab 0.0))
RoIC = 24.00% (NOPAT 400.5m / Invested Capital 1.67b)
WACC = 8.36% (E(1.51b)/V(1.51b) * Re(8.31%) + D(2.83m)/V(1.51b) * Rd(42.50%) * (1-Tc(0.21)))
Discount Rate = 8.31% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 33.33 | Cagr: 0.92%
[DCF Debug] Terminal Value 73.42% ; FCFF base≈26.1m ; Y1≈21.4m ; Y5≈15.3m
Fair Price DCF = 9.02 (EV 263.5m - Net Debt 2.71m = Equity 260.8m / Shares 28.9m; r=8.36% [WACC]; 5y FCF grow -21.42% → 2.90% )
EPS Correlation: -22.28 | EPS CAGR: -23.05% | SUE: 0.58 | # QB: 0
Revenue Correlation: 7.74 | Revenue CAGR: 57.70% | SUE: N/A | # QB: 0