# Flaherty & Crumrine Preferred and Income Securities Fund Incorporated (FFC) fundamentals

Data as of 2026-09-08. NYSE, United States. Sector: Financial Services / Capital Markets. Price $15.78, market value $760 million.

## Valuation
- **P/E (trailing): 9.1×** (5-yr avg 40.2×, 3-yr avg 40.2×). Flaherty & Crumrine Preferred and Income Securities Fund Incorporated trades at 9.1× trailing earnings, well below its own five-year average of 40.2×: cheap by its own standards. The Financial Services median in the September 2026 study was 13.1×.
- **Price / sales: 10.4×**. Each dollar of revenue is priced at 10.4×, a level that requires very high margins or very fast growth to justify.
- **Price / book: 0.9×**. The shares trade below book value, which can signal a bargain or a balance sheet the market doubts.
- **Free-cash-flow yield: 7.4%** (5-yr avg 8.4%). Free cash flow equals 7.4% of the market value, in line with its five-year average of 8.4%. Above 5% is generally attractive.
- **Earnings yield: 11.0%**. The inverse of the P/E: 11.0% of the price is earned each year.

## Profitability
- **Net margin: 97.5%**. 97.5% of each dollar of sales reaches the bottom line.
- **Return on equity: 8.4%**. 8.4% on shareholders' equity is weak; the business earns little on the capital its owners have in it.
- **Return on assets: 5.3%**. Each dollar of assets produces 5.3% of profit; low single digits are normal for banks and insurers.

## Growth
- **Revenue growth (1 yr): -52.9%**. Revenue fell 52.9% over the last year.
- **Free-cash-flow growth (3 yr): 2.8%/yr**. Free cash flow has compounded at 2.8% a year over three years.

## Financial health
- **Piotroski F-score: 3/9**. 3 of 9 checks pass: weak or deteriorating financials.

## Dividends
- **Dividend yield: 7.74%** ($1.18 per share, trailing). Flaherty & Crumrine Preferred and Income Securities Fund Incorporated yields 7.74%, high enough to check carefully: yields this high often precede a cut.
- **Payout ratio: 79%** (100% of free cash flow). 79% of earnings goes out as dividends, leaving a thin cushion.
- **Consecutive years of increases: 2**. 2 straight years of increases.
- **Dividend growth (5 yr): -4.1%/yr** (1-yr 7.9%). The dividend has not grown over five years.

## Price and momentum
- **Total return (1 yr): 3.8%** (YTD -0.1%, 3-mo 0.5%). The shares are up 3.8% over twelve months including dividends.
- **From 52-week high: -7.2%** (5.3% above the low). Trading 7% below its 52-week high.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 35**. An RSI of 35 is neutral.
- **Beta (1 yr): 0.37** (volatility 10%). Beta of 0.37 against the S&P 500: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=FFC · Page: https://foliofundamentals.com/stocks/ffc

Not investment advice.