27 years of historical data (1998–2024) · Financial Services · Financial - Credit Services
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Atlanticus Holdings Corporation trades at 11.0x earnings, 34% above its 5-year average of 8.2x, sitting at the 58th percentile of its historical range. Compared to the Financial Services sector median P/E of 13.8x, the stock trades at a discount of 20%. On a free-cash-flow basis, the stock trades at 1.7x P/FCF, 43% below the 5-year average of 3.0x.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $791M | $1.0B | $730M | $508M | $1.5B | $495M | $138M | $51M | $33M | $40M | $45M |
| Enterprise Value | $2.9B | $3.2B | $2.4B | $1.9B | $2.5B | $1.2B | $802M | $489M | $329M | $217M | $189M |
| P/E Ratio → | 10.97 | 11.69 | 9.12 | 4.49 | 9.43 | 6.24 | 5.43 | 6.50 | — | — | 26.67 |
| P/S Ratio | 0.60 | 0.80 | 0.63 | 0.48 | 1.99 | 0.88 | 0.30 | 0.22 | 0.24 | 0.31 | 0.28 |
| P/B Ratio | 2.01 | 2.14 | 1.86 | 1.56 | 5.18 | 6.47 | 410.78 | — | — | 6.85 | 4.08 |
| P/FCF | 1.69 | 2.24 | 1.60 | 1.49 | 7.26 | 2.34 | 1.38 | 1.23 | — | 1.02 | — |
| P/OCF | 1.69 | 2.23 | 1.59 | 1.47 | 7.02 | 2.33 | 1.38 | 1.19 | — | 1.01 | 51.71 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
Atlanticus Holdings Corporation's enterprise value stands at 20.3x EBITDA, 37% above its 5-year average of 14.9x. The Financial Services sector median is 11.1x, placing the stock at a 83% premium on an enterprise-value basis.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 2.42 | 2.09 | 1.85 | 3.35 | 2.20 | 1.77 | 2.14 | 2.38 | 1.71 | 1.18 |
| EV / EBITDA | 20.32 | 22.11 | 18.23 | 12.59 | 11.29 | 10.14 | 20.32 | 109.33 | — | — | 4.28 |
| EV / EBIT | 21.08 | 22.94 | 18.80 | 13.00 | 11.42 | 10.85 | 25.24 | 140.32 | — | — | 53.34 |
| EV / FCF | — | 6.80 | 5.31 | 5.69 | 12.21 | 5.85 | 8.04 | 11.78 | — | 5.62 | — |
Margins and return-on-capital ratios measuring operating efficiency
Atlanticus Holdings Corporation earns an operating margin of 10.6%, below the Financial Services sector average of 21.9%. Operating margins have compressed from 14.3% to 10.6% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 25.2% indicates solid capital efficiency, compared to the sector median of 9.1%. ROIC of 3.8% represents below-average returns on invested capital versus a sector median of 5.4%.
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 21.6% | 21.6% | 22.0% | 27.8% | 48.6% | 35.1% | 23.9% | 23.9% | 3.3% | 18.9% | 52.7% |
| Operating Margin | 10.6% | 10.6% | 11.1% | 14.3% | 29.4% | 20.3% | 7.0% | 1.5% | -34.2% | -9.7% | 2.2% |
| Net Profit Margin | 8.5% | 8.5% | 8.9% | 13.0% | 23.8% | 16.7% | 5.8% | 3.4% | -29.6% | -5.0% | 1.1% |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 25.2% | 25.2% | 28.7% | 44.3% | 97.7% | 245.0% | 7893.4% | — | — | -75.7% | 18.6% |
| ROA | 3.7% | 3.7% | 4.0% | 6.3% | 11.3% | 8.8% | 3.5% | 1.6% | -10.3% | -2.0% | 0.6% |
| ROIC | 3.8% | 3.8% | 4.2% | 5.8% | 12.1% | 9.5% | 3.7% | 0.7% | -12.6% | -4.0% | 1.3% |
| ROCE | 4.7% | 4.7% | 5.2% | 7.0% | 14.3% | 11.1% | 4.6% | 0.9% | -18.9% | -6.7% | 1.9% |
Solvency and debt-coverage ratios — lower is generally safer
Atlanticus Holdings Corporation carries a Debt/EBITDA ratio of 17.4x, which is highly leveraged (324% above the sector average of 4.1x). Net debt stands at $2.1B ($2.5B total debt minus $375M cash). Interest coverage of just 0.9x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 5.12 | 5.12 | 5.16 | 5.59 | 4.96 | 12.07 | 2386.50 | — | — | 44.01 | 17.88 |
| Debt / EBITDA | 17.43 | 17.43 | 15.28 | 11.79 | 6.42 | 7.55 | 20.26 | 111.60 | — | — | 4.44 |
| Net Debt / Equity | — | 4.35 | 4.30 | 4.41 | 3.54 | 9.74 | 1982.39 | — | — | 30.76 | 13.14 |
| Net Debt / EBITDA | 14.81 | 14.81 | 12.72 | 9.30 | 4.58 | 6.09 | 16.83 | 97.93 | — | — | 3.26 |
| Debt / FCF | — | 4.55 | 3.71 | 4.20 | 4.95 | 3.52 | 6.66 | 10.55 | — | 4.60 | — |
| Interest Coverage | 0.87 | 0.87 | 1.18 | 1.82 | 4.06 | 2.22 | 0.63 | 0.09 | -1.71 | -0.61 | 0.19 |
Short-term solvency ratios and asset-utilisation metrics
Atlanticus Holdings Corporation's current ratio of 5.21x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The current ratio has declined from 9.30x to 5.21x over the past 3 years.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 5.21 | 5.21 | 5.51 | 9.30 | 10.06 | 4.63 | 3.62 | 4.69 | 3.36 | 1.93 | 0.69 |
| Quick Ratio | 5.21 | 5.21 | 5.51 | 9.30 | 10.06 | 4.63 | 3.62 | 4.69 | 3.36 | 1.93 | 0.69 |
| Cash Ratio | 5.21 | 5.21 | 5.51 | 8.68 | 9.69 | 4.27 | 3.25 | 0.58 | 0.36 | 0.44 | 0.50 |
| Asset Turnover | — | 0.40 | 0.43 | 0.44 | 0.38 | 0.47 | 0.49 | 0.39 | 0.32 | 0.35 | 0.57 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Atlanticus Holdings Corporation returns 9.3% to shareholders annually — split between a 2.6% dividend yield and 6.7% buyback yield. The payout ratio of 23.1% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 9.1% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 2.6% | 2.5% | 3.4% | 4.9% | 1.5% | 2.7% | — | — | — | — | — |
| Payout Ratio | 23.1% | 23.1% | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 9.1% | 8.6% | 11.0% | 22.3% | 10.6% | 16.0% | 18.4% | 15.4% | — | — | 3.8% |
| FCF Yield | 59.1% | 44.6% | 62.4% | 67.2% | 13.8% | 42.8% | 72.5% | 81.4% | — | 97.7% | — |
| Buyback Yield | 6.7% | 5.0% | 2.4% | 17.5% | 1.7% | 0.7% | 1.8% | 1.4% | 1.2% | 2.4% | 0.6% |
| Total Shareholder Yield | 9.3% | 7.5% | 5.8% | 22.4% | 3.2% | 3.4% | 1.8% | 1.4% | 1.2% | 2.4% | 0.6% |
| Shares Outstanding | — | $19M | $19M | $19M | $21M | $20M | $15M | $14M | $14M | $14M | $14M |
Compare ATLC 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 |
|---|---|---|---|---|---|---|---|---|---|
| ATLCYou | $791M | 11.0 | 20.3 | 1.7 | 21.6% | 10.6% | 25.2% | 3.8% | 17.4 |
| COF | $124B | 16.9 | 13.9 | 7.3 | 50.8% | 11.0% | 8.0% | 4.1% | 5.0 |
| SYF | $25B | 8.1 | 5.1 | 2.5 | 45.2% | 21.9% | 23.0% | 11.0% | 3.1 |
| SYF-PB | $9B | 3.1 | 2.0 | 1.0 | 45.2% | 21.9% | 23.0% | 11.0% | 3.1 |
| OMF | $7B | 8.4 | 12.1 | 2.1 | 69.5% | 37.5% | 23.8% | 6.9% | 9.7 |
| ENVA | $3B | 12.0 | 10.1 | 1.9 | 50.1% | 23.5% | 24.3% | 10.4% | 5.8 |
| FINV | $3B | 4.3 | 6.6 | 7.6 | 79.3% | 19.4% | 16.2% | 12.9% | 0.0 |
| BFH | $3B | 12.9 | 10.7 | 1.6 | 50.9% | 7.9% | 9.3% | 3.3% | 12.1 |
| AHG | $2B | -3.0 | — | 2306.8 | -1.9% | -1125.4% | -80.0% | -73.9% | — |
| LU | $2B | 5.8 | 1.3 | 1.0 | 69.5% | 35.5% | 0.9% | 7.7% | 2.9 |
| XYF | $1B | 0.2 | 3.2 | 5.7 | 66.6% | 31.9% | 24.1% | 20.5% | 0.2 |
| Financial Services Median | — | 13.8 | 11.1 | 11.2 | 60.2% | 21.9% | 9.1% | 5.4% | 4.1 |
Peers based on L4 peer group classification. Compare multiple stocks →
Includes 30+ ratios · 27 years · Updated daily
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Start ComparisonAtlanticus Holdings Corporation's current P/E ratio is 11.0x. The historical average is 28.8x. This places it at the 58th percentile of its historical range.
Atlanticus Holdings Corporation's current EV/EBITDA is 20.3x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 11.6x.
Atlanticus Holdings Corporation's return on equity (ROE) is 25.2%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 25.5%.
Based on historical data, Atlanticus Holdings Corporation is trading at a P/E of 11.0x. This is at the 58th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Atlanticus Holdings Corporation's current dividend yield is 2.62% with a payout ratio of 23.1%.
Atlanticus Holdings Corporation has 21.6% gross margin and 10.6% operating margin. Operating margin between 10-20% is typical for established companies.
Atlanticus Holdings Corporation's Debt/EBITDA ratio is 17.4x, indicating high leverage. A ratio above 4x may signal elevated financial risk.