Afya Limited (AFYA) Financial Ratios
9 years of historical data (2017–2025) · Consumer Defensive · Education & Training Services
EV/EBITDA
↓
7.18
↑+98% vs avg
5yr avg: 3.62
30Y Low2.9·High5.3
P/FCF
↓
6.31
↑+164% vs avg
5yr avg: 2.40
30Y Low1.4·High11.6
P/B Ratio
↓
1.35
↑+223% vs avg
5yr avg: 0.42
30Y Low0.3·High1.0
ROE
↑
16.0%
↓+28% vs avg
5yr avg: 12.5%
30Y Low8%·High97%
Debt/EBITDA
↓
2.62
↓-10% vs avg
5yr avg: 2.90
30Y Low0.1·High3.6
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
AFYA Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Afya Limited trades at 8.9x earnings, 127% above its 5-year average of 3.9x, sitting at the 86th percentile of its historical range. Compared to the Consumer Defensive sector median P/E of 18.8x, the stock trades at a discount of 52%. On a free-cash-flow basis, the stock trades at 6.3x P/FCF, 164% above the 5-year average of 2.4x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $1.3B | $1.4B | $1.4B | $2.0B | $1.4B | $1.5B | $2.4B | $2.1B | — | — |
| Enterprise Value | $1.7B | $3.4B | $3.7B | $4.1B | $3.0B | $2.9B | $2.5B | $1.5B | — | — |
| P/E Ratio → | 8.94 | 1.90 | 2.29 | 5.14 | 3.76 | 6.63 | 8.11 | 13.43 | — | — |
| P/S Ratio | 1.81 | 0.39 | 0.44 | 0.69 | 0.60 | 0.86 | 1.97 | 2.75 | — | — |
| P/B Ratio | 1.35 | 0.29 | 0.34 | 0.55 | 0.43 | 0.49 | 0.84 | 0.98 | — | — |
| P/FCF | 6.31 | 1.36 | 1.39 | 2.49 | 2.57 | 4.18 | 10.13 | 11.64 | — | — |
| P/OCF | 5.46 | 1.17 | 1.01 | 1.90 | 1.66 | 2.34 | 6.38 | 6.91 | — | — |
P/E links to full P/E history page with 30-year chart
AFYA EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Afya Limited's enterprise value stands at 7.2x EBITDA, 98% above its 5-year average of 3.6x. The Consumer Defensive sector median is 11.0x, placing the stock at a 35% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.94 | 1.12 | 1.43 | 1.30 | 1.68 | 2.05 | 1.96 | — | — |
| EV / EBITDA | 7.18 | 2.86 | 3.05 | 3.89 | 3.45 | 4.86 | 5.21 | 5.27 | — | — |
| EV / EBIT | 7.18 | 2.86 | 3.66 | 5.03 | 4.22 | 6.44 | 6.79 | 6.06 | — | — |
| EV / FCF | — | 3.28 | 3.57 | 5.15 | 5.53 | 8.17 | 10.54 | 8.27 | — | — |
AFYA Profitability
Margins and return-on-capital ratios measuring operating efficiency
Afya Limited earns an operating margin of 32.8%, significantly above the Consumer Defensive sector average of 3.5%. Operating margins have expanded from 26.7% to 32.8% over the past 3 years, signaling improving operational efficiency. ROE of 16.0% indicates solid capital efficiency, compared to the sector median of 6.5%. ROIC of 13.3% represents solid returns on invested capital versus a sector median of 5.7%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 64.5% | 64.5% | 63.2% | 61.4% | 63.1% | 62.1% | 63.8% | 58.9% | 49.7% | 42.6% |
| Operating Margin | 32.8% | 32.8% | 30.6% | 26.7% | 28.5% | 25.6% | 30.2% | 27.3% | 28.9% | 22.8% |
| Net Profit Margin | 20.4% | 20.4% | 19.1% | 13.4% | 16.0% | 13.0% | 24.3% | 20.5% | 25.9% | 21.0% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 16.0% | 16.0% | 15.9% | 11.2% | 12.0% | 7.7% | 11.8% | 11.4% | 27.1% | 97.1% |
| ROA | 8.1% | 8.1% | 7.7% | 5.2% | 5.5% | 4.0% | 7.6% | 8.0% | 16.9% | 43.8% |
| ROIC | 13.3% | 13.3% | 12.3% | 10.8% | 10.7% | 9.0% | 12.3% | 14.5% | 22.9% | 147.5% |
| ROCE | 14.7% | 14.7% | 14.2% | 12.0% | 11.1% | 8.9% | 10.7% | 12.4% | 24.5% | 95.5% |
AFYA Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Afya Limited carries a Debt/EBITDA ratio of 2.6x, which is moderately leveraged (25% below the sector average of 3.5x). Net debt stands at $2.0B ($3.1B total debt minus $1.1B cash). Interest coverage of just 2.4x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.64 | 0.64 | 0.74 | 0.73 | 0.84 | 0.72 | 0.40 | 0.16 | 0.13 | 0.08 |
| Debt / EBITDA | 2.62 | 2.62 | 2.61 | 2.53 | 3.10 | 3.63 | 2.41 | 1.24 | 0.73 | 0.07 |
| Net Debt / Equity | — | 0.41 | 0.52 | 0.58 | 0.50 | 0.47 | 0.03 | -0.28 | 0.03 | -0.46 |
| Net Debt / EBITDA | 1.68 | 1.68 | 1.86 | 2.01 | 1.85 | 2.37 | 0.20 | -2.15 | 0.15 | -0.40 |
| Debt / FCF | — | 1.92 | 2.18 | 2.66 | 2.97 | 3.99 | 0.41 | -3.37 | 0.27 | -1.15 |
| Interest Coverage | 2.41 | 2.41 | 2.77 | 2.11 | 2.48 | 2.56 | 22.33 | 15.21 | 40.12 | 47.35 |
AFYA Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Afya Limited's current ratio of 2.20x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The current ratio has improved from 1.14x to 2.20x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.20 | 2.20 | 1.39 | 1.14 | 1.81 | 1.57 | 2.38 | 3.34 | 0.73 | 1.16 |
| Quick Ratio | 2.20 | 2.20 | 1.39 | 1.14 | 1.79 | 1.56 | 2.37 | 3.32 | 0.73 | 1.16 |
| Cash Ratio | 1.27 | 1.27 | 0.80 | 0.52 | 1.21 | 0.98 | 1.77 | 2.83 | 0.34 | 0.49 |
| Asset Turnover | — | 0.39 | 0.37 | 0.38 | 0.32 | 0.27 | 0.25 | 0.26 | 0.36 | 2.08 |
| Inventory Turnover | — | — | — | 803.05 | 70.51 | 55.15 | 57.88 | 78.55 | 150.72 | 276.93 |
| Days Sales Outstanding | — | 75.87 | 68.67 | 69.35 | 75.32 | 85.75 | 91.86 | 61.00 | 63.88 | 52.60 |
AFYA Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Afya Limited returns 1.2% to shareholders annually primarily through share buybacks. The earnings yield of 11.2% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | 1.8% | — | — |
| Payout Ratio | — | — | — | — | — | — | — | 24.7% | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 11.2% | 52.6% | 43.6% | 19.5% | 26.6% | 15.1% | 12.3% | 7.4% | — | — |
| FCF Yield | 15.8% | 73.7% | 71.8% | 40.2% | 38.9% | 23.9% | 9.9% | 8.6% | — | — |
| Buyback Yield | 1.2% | 5.4% | 0.0% | 0.6% | 10.8% | 14.5% | 0.0% | 0.0% | — | — |
| Total Shareholder Yield | 1.2% | 5.4% | 0.0% | 0.6% | 10.8% | 14.5% | 0.0% | 1.8% | — | — |
| Shares Outstanding | — | $91M | $91M | $91M | $90M | $94M | $94M | $76M | $88M | $88M |
Peer Comparison
Compare AFYA with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 AFYAYou | $1B | 8.9 | 7.2 | 6.3 | 64.5% | 32.8% | 16.0% | 13.3% | 2.6 |
 PRDO | $2B | 13.2 | 8.3 | 9.3 | 71.7% | 23.2% | 16.6% | 15.3% | 0.4 |
 LAUR | $5B | 19.3 | 10.9 | 19.8 | 28.3% | 25.3% | 26.2% | 20.3% | 1.6 |
 STRA | $2B | 13.9 | 6.9 | 11.1 | 49.0% | 15.5% | 7.7% | 9.0% | 0.4 |
 GHC | $5B | 17.2 | 15.2 | 18.6 | 27.6% | 5.1% | 6.4% | 3.3% | 4.1 |
 LOPE | $4B | 18.4 | 11.4 | 16.1 | 52.4% | 27.5% | 28.2% | 32.5% | 0.6 |
 APEI | $967M | 38.8 | 13.6 | 21.0 | 51.7% | 8.3% | 10.5% | 12.4% | 2.3 |
 UTI | $2B | 35.7 | 16.9 | 40.1 | 49.7% | 10.0% | 21.4% | 14.3% | 2.0 |
 COUR | $906M | -17.3 | — | 8.4 | 54.6% | -10.3% | -8.3% | — | — |
 NUVL | $9B | -21.1 | — | — | — | — | -36.7% | -32.5% | — |
 HIMS | $8B | 69.5 | 55.1 | 105.3 | 73.8% | 4.5% | 25.2% | 8.6% | 7.9 |
| Consumer Defensive Median | — | 18.8 | 11.0 | 15.3 | 40.8% | 3.5% | 6.5% | 5.7% | 3.5 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 9 years · Updated daily
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AFYA — Frequently Asked Questions
Quick answers to the most common questions about buying AFYA stock.
What is Afya Limited's P/E ratio?
Afya Limited's current P/E ratio is 8.9x. The historical average is 5.9x. This places it at the 86th percentile of its historical range.
What is Afya Limited's EV/EBITDA?
Afya Limited's current EV/EBITDA is 7.2x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 4.1x.
What is Afya Limited's ROE?
Afya Limited's return on equity (ROE) is 16.0%. The historical average is 23.3%.
Is AFYA stock overvalued?
Based on historical data, Afya Limited is trading at a P/E of 8.9x. This is at the 86th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What are Afya Limited's profit margins?
Afya Limited has 64.5% gross margin and 32.8% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does Afya Limited have?
Afya Limited's Debt/EBITDA ratio is 2.6x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.