Credicorp Ltd. (BAP) Financial Ratios
29 years of historical data (1997–2025) · Financial Services · Banks - Regional
EV/EBITDA
↓
8.68
↑+378% vs avg
5yr avg: 1.82
30Y Low0.5·High30.3
P/FCF
↑
13.30
↑+382% vs avg
5yr avg: 2.76
30Y Low0.4·High8.2
P/B Ratio
↑
2.77
↑+553% vs avg
5yr avg: 0.42
30Y Low0.2·High1.1
ROE
↑
19.2%
↓+18% vs avg
5yr avg: 16.2%
30Y Low1%·High21%
Debt/EBITDA
↓
3.18
↓-38% vs avg
5yr avg: 5.15
30Y Low1.2·High11.1
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
BAP Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Credicorp Ltd. trades at 14.9x earnings, 454% above its 5-year average of 2.7x, sitting at the 97th percentile of its historical range. Compared to the Financial Services sector median P/E of 13.6x, the stock trades at a premium of 10%. On a free-cash-flow basis, the stock trades at 13.3x P/FCF, 382% above the 5-year average of 2.8x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $30.4B | $22.9B | $14.6B | $11.9B | $10.8B | $9.7B | $13.1B | $17.0B | $17.7B | $16.5B | $12.6B |
| Enterprise Value | $27.8B | $14.1B | $4.6B | $15.6B | $16.2B | $18.1B | $27.3B | $23.3B | $28.8B | $31.0B | $34.5B |
| P/E Ratio → | 14.92 | 3.31 | 2.65 | 2.45 | 2.33 | 2.71 | 37.62 | 3.98 | 4.43 | 4.04 | 3.58 |
| P/S Ratio | 3.56 | 0.79 | 0.54 | 0.47 | 0.52 | 0.51 | 0.72 | 0.95 | 1.06 | 1.01 | 0.82 |
| P/B Ratio | 2.77 | 0.61 | 0.42 | 0.36 | 0.36 | 0.36 | 0.51 | 0.63 | 0.73 | 0.74 | 0.62 |
| P/FCF | 13.30 | 2.96 | 1.09 | 4.08 | — | 2.92 | 1.08 | 2.64 | — | 1.86 | — |
| P/OCF | 12.78 | 2.84 | 1.01 | 2.93 | — | 2.45 | 1.03 | 2.45 | — | 1.78 | — |
P/E links to full P/E history page with 30-year chart
BAP EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Credicorp Ltd.'s enterprise value stands at 8.7x EBITDA, 378% above its 5-year average of 1.8x. The Financial Services sector median is 11.4x, placing the stock at a 24% 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 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.49 | 0.17 | 0.62 | 0.79 | 0.94 | 1.50 | 1.30 | 1.74 | 1.89 | 2.24 |
| EV / EBITDA | 8.68 | 1.30 | 0.54 | 2.08 | 2.16 | 3.01 | 30.30 | 3.53 | 4.78 | 5.16 | 6.51 |
| EV / EBIT | 9.46 | 1.42 | 0.58 | 2.28 | 2.36 | 3.40 | 121.78 | 3.90 | 5.16 | 5.56 | 7.05 |
| EV / FCF | — | 1.83 | 0.34 | 5.34 | — | 5.43 | 2.27 | 3.63 | — | 3.49 | — |
BAP Profitability
Margins and return-on-capital ratios measuring operating efficiency
Credicorp Ltd. earns an operating margin of 34.4%, above the Financial Services sector average of 20.3%. Operating margins have expanded from 27.0% to 34.4% over the past 3 years, signaling improving operational efficiency. ROE of 19.2% indicates solid capital efficiency, compared to the sector median of 9.0%. ROIC of 10.3% represents solid returns on invested capital versus a sector median of 5.5%.
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 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 73.7% | 73.7% | 64.2% | 61.9% | 71.6% | 79.9% | 49.8% | 71.1% | 71.9% | 70.6% | 69.1% |
| Operating Margin | 34.4% | 34.4% | 29.0% | 27.0% | 33.3% | 27.7% | 1.2% | 33.3% | 33.7% | 34.0% | 31.8% |
| Net Profit Margin | 23.9% | 23.9% | 20.4% | 19.2% | 22.5% | 18.7% | 1.9% | 23.8% | 24.0% | 25.0% | 22.9% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 19.2% | 19.2% | 16.2% | 15.5% | 16.5% | 13.7% | 1.3% | 16.7% | 17.1% | 19.3% | 19.1% |
| ROA | 2.6% | 2.6% | 2.2% | 2.1% | 1.9% | 1.5% | 0.2% | 2.3% | 2.3% | 2.5% | 2.3% |
| ROIC | 10.3% | 10.3% | 8.2% | 7.4% | 7.2% | 5.3% | 0.2% | 7.7% | 7.1% | 7.1% | 6.4% |
| ROCE | 6.0% | 6.0% | 10.1% | 9.4% | 9.9% | 8.1% | 0.3% | 9.5% | 9.5% | 10.2% | 9.6% |
BAP Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Credicorp Ltd. carries a Debt/EBITDA ratio of 3.2x, which is moderately leveraged (25% below the sector average of 4.3x). The company holds a net cash position — cash of $43.3B exceeds total debt of $34.5B, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns. Interest coverage of just 2.0x 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 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.93 | 0.93 | 1.07 | 1.13 | 1.33 | 1.78 | 2.00 | 1.21 | 1.37 | 1.69 | 1.92 |
| Debt / EBITDA | 3.18 | 3.18 | 4.39 | 5.00 | 5.26 | 7.92 | 56.57 | 4.88 | 5.53 | 6.27 | 7.27 |
| Net Debt / Equity | — | -0.23 | -0.29 | 0.11 | 0.18 | 0.31 | 0.56 | 0.24 | 0.46 | 0.65 | 1.09 |
| Net Debt / EBITDA | -0.81 | -0.81 | -1.17 | 0.49 | 0.72 | 1.39 | 15.80 | 0.96 | 1.85 | 2.41 | 4.14 |
| Debt / FCF | — | -1.13 | -0.75 | 1.26 | — | 2.52 | 1.18 | 0.99 | — | 1.63 | — |
| Interest Coverage | 2.02 | 2.02 | 1.36 | 1.17 | 1.75 | 2.14 | 0.08 | 1.82 | 1.84 | 1.88 | 1.68 |
Net cash position: cash ($43.3B) exceeds total debt ($34.5B)
BAP Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Credicorp Ltd.'s current ratio of 3.23x 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 0.49x to 3.23x 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 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 3.23 | 3.23 | 0.53 | 0.49 | 0.47 | 0.49 | 0.52 | 0.51 | 0.42 | 0.48 | 0.40 |
| Quick Ratio | 3.23 | 3.23 | 0.53 | 0.49 | 0.47 | 0.49 | 0.52 | 0.51 | 0.42 | 0.48 | 0.40 |
| Cash Ratio | 3.00 | 3.00 | 0.27 | 0.21 | 0.21 | 0.22 | 0.21 | 0.21 | 0.19 | 0.20 | 0.16 |
| Asset Turnover | — | 0.11 | 0.11 | 0.11 | 0.09 | 0.08 | 0.08 | 0.10 | 0.09 | 0.10 | 0.10 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
BAP Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Credicorp Ltd. returns 3.0% to shareholders annually — split between a 2.9% dividend yield and 0.1% buyback yield. A payout ratio of 43.3% is moderate and appears sustainable, balancing shareholder returns with reinvestment capacity. The earnings yield of 6.7% (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 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 2.9% | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | 43.3% | 43.3% | 66.6% | 41.0% | 25.7% | 11.1% | 689.8% | 52.4% | 28.4% | 54.6% | 18.6% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 6.7% | 30.2% | 37.7% | 40.7% | 42.8% | 36.9% | 2.7% | 25.1% | 22.6% | 24.8% | 28.0% |
| FCF Yield | 7.5% | 33.8% | 91.9% | 24.5% | — | 34.3% | 92.3% | 37.8% | — | 53.8% | — |
| Buyback Yield | 0.1% | — | — | — | — | — | — | — | — | — | — |
| Total Shareholder Yield | 3.0% | — | — | — | — | — | — | — | — | — | — |
| Shares Outstanding | — | $80M | $80M | $80M | $80M | $80M | $80M | $80M | $80M | $80M | $80M |
Peer Comparison
Compare BAP 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 |
|---|---|---|---|---|---|---|---|---|---|
 BAPYou | $30B | 14.9 | 8.7 | 13.3 | 73.7% | 34.4% | 19.2% | 10.3% | 3.2 |
 ITUB | $86B | 10.2 | 20.6 | 3.5 | 34.5% | 13.1% | 20.6% | 3.2% | 17.6 |
 BBD | $36B | 7.9 | — | — | 34.6% | -1.1% | 13.3% | -0.3% | — |
 BSBR | $39B | 16.5 | 6.7 | 150.5 | 27.5% | 11.0% | 10.4% | 4.9% | 6.7 |
 GFI | $35B | 28.0 | 13.5 | 48.7 | 42.5% | 40.2% | 24.9% | 24.0% | 1.1 |
 BBAR | $4B | 20.8 | 6.0 | 4.0 | 54.8% | 9.2% | 10.2% | 9.2% | 3.1 |
 BMA | $7B | 28.2 | 10.8 | — | 50.5% | 10.2% | 7.3% | 7.9% | 2.2 |
 GGAL | $9B | 58.0 | 14.5 | 329.3 | 41.3% | 2.5% | 3.3% | 2.6% | 6.7 |
 SAN | $198B | 13.6 | 22.4 | — | 40.0% | 15.6% | 12.8% | 2.3% | 22.7 |
 BBVA | $137B | 12.7 | 6.1 | 8.5 | 83.6% | 43.9% | 17.3% | 7.0% | 4.6 |
 CIB | $19B | 9.9 | 7.1 | 6.7 | 61.1% | 20.8% | 15.8% | 9.9% | 2.2 |
| Financial Services Median | — | 13.6 | 11.4 | 11.1 | 64.1% | 20.3% | 9.0% | 5.5% | 4.3 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 29 years · Updated daily
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BAP — Frequently Asked Questions
Quick answers to the most common questions about buying BAP stock.
What is Credicorp Ltd.'s P/E ratio?
Credicorp Ltd.'s current P/E ratio is 14.9x. The historical average is 5.5x. This places it at the 97th percentile of its historical range.
What is Credicorp Ltd.'s EV/EBITDA?
Credicorp Ltd.'s current EV/EBITDA is 8.7x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 5.2x.
What is Credicorp Ltd.'s ROE?
Credicorp Ltd.'s return on equity (ROE) is 19.2%. The historical average is 14.5%.
Is BAP stock overvalued?
Based on historical data, Credicorp Ltd. is trading at a P/E of 14.9x. This is at the 97th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Credicorp Ltd.'s dividend yield?
Credicorp Ltd.'s current dividend yield is 2.90% with a payout ratio of 43.3%.
What are Credicorp Ltd.'s profit margins?
Credicorp Ltd. has 73.7% gross margin and 34.4% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does Credicorp Ltd. have?
Credicorp Ltd.'s Debt/EBITDA ratio is 3.2x, indicating high leverage. A ratio between 2-4x is manageable but warrants monitoring.