Seaport Entertainment Group Inc. Common Stock (SEG)

FairStock Score: 60/100 — STEADY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

At $22.31 on 2026-10-13, Seaport Entertainment has a market value near $285.8M. FairStock calculates a price-to-book of 0.71 and a negative P/E of -2.28, so the shares are not expensive relative to book value, but the earnings picture is grim. In fiscal Q2 2026, the quarter ended 2026-06-30, revenue was $34.3M and net income was -$10.5M, or -$0.82 per diluted share. In fiscal Q1 2026, the quarter ended 2026-03-31, revenue was $12.7M and net income was -$44.1M, or -$3.47 per diluted share. For FY2025, period ended 2025-12-31, revenue was $130.4M and net income was -$116.7M, or -$9.18 per diluted share. FY2024 and FY2023 also showed large losses. The company owns hospitality, entertainment, and landlord assets in New York City and Las Vegas. Location can matter, but the financials show no durable moat yet. Trailing free cash flow is -$68.2M and FCF yield is -23.9%, while ROE is -26.18% and ROCE is -9.43% on FairStock's calculations. Debt/equity of 0.23 is not alarming, and an Altman Z-score of 0.99 signals distress risk. A Piotroski F-score of 6/9 suggests some accounting progress, but losses in each of the last four years put it in no Peter Lynch category. Revenue growth and improving quarterly losses are encouraging, but the business must turn cash flow positive before the low book value can be trusted. I would want a margin of safety from assets and a clear path to profits.

In plain English: Seaport Entertainment owns and runs restaurants, bars, entertainment venues, and real estate mainly in New York City and Las Vegas. The business is growing revenue but still losing money and using cash, so it looks financially weak today. The share price looks low compared with the value of its assets on its books, but because profits are negative, it is hard to call it a safe bargain.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer