Latest Ratios: P/E Ratio 7.5x · EV/EBITDA 13.8x · ROE 14.1%. (2001–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $31.5B | $30.4B | $19.0B | $33.8B | $27.5B | $31.0B | $40.7B | $69.7B | $58.1B | $56.4B | $49.0B |
| Enterprise Value | $148.9B | $147.8B | $129.1B | $162.0B | $27.5B | $31.0B | $130.3B | $180.6B | $173.5B | $198.2B | $-23589880160 |
| P/E Ratio → | 7.45 | 7.17 | 5.97 | 11.78 | 6.79 | 7.14 | 12.70 | 12.30 | 11.08 | 12.28 | 11.45 |
| P/S Ratio | 0.50 | 0.49 | 0.34 | 0.56 | 404356.19 | 1191963.15 | 1.02 | 11064320.28 | 0.93 | 0.70 | 0.66 |
| P/B Ratio | 0.97 | 0.93 | 0.69 | 0.98 | 0.91 | 1.15 | 1.46 | 2.09 | 1.85 | 1.69 | 1.58 |
| P/FCF | 0.68 | 0.66 | 0.60 | 0.93 | 0.95 | 1.58 | 0.87 | 14.31 | 5.51 | 2.38 | 1.65 |
| P/OCF | 0.67 | 0.64 | 0.59 | 0.92 | 0.94 | 1.57 | 0.86 | 12.58 | 5.19 | 2.33 | 1.60 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 2.36 | 2.31 | 2.67 | 404356.12 | 1191962.46 | 3.25 | 28672907.58 | 2.77 | 2.47 | -0.32 |
| EV / EBITDA | 13.75 | 13.65 | 31.61 | 49.92 | 6.18 | 3.51 | — | 40.55 | 26.23 | 8.86 | -2.97 |
| EV / EBIT | 39.57 | 7.03 | 31.61 | 49.92 | 6.18 | 3.51 | — | 40.55 | 26.23 | 29.46 | -2.97 |
| EV / FCF | — | 3.20 | 4.07 | 4.45 | 0.95 | 1.58 | 2.78 | 37.07 | 16.46 | 8.37 | -0.79 |
Margins and return-on-capital ratios measuring operating efficiency
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 | 34.6% | 34.6% | — | — | 47.1% | 42.3% | 0.0% | -103.2% | 0.0% | -98.9% | -110.1% |
| Operating Margin | 6.0% | 6.0% | 7.3% | 5.4% | 6544887.6% | 33936680.8% | -3.9% | -669.8% | 10.6% | 22.2% | 10.6% |
| Net Profit Margin | 6.8% | 6.8% | 5.7% | 4.7% | 31210682.4% | 89124315.4% | — | 341.3% | 0.0% | 28.4% | 27.7% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 14.1% | 14.1% | 10.4% | 8.8% | 74.1% | 84.6% | — | 0.0% | 0.0% | 70.6% | 77.3% |
| ROA | 1.1% | 1.1% | 0.9% | 0.8% | 6.6% | 4.4% | — | 0.0% | 0.0% | 6.3% | 6.7% |
| ROIC | 1.8% | 1.8% | 2.0% | 0.6% | 0.8% | 3.5% | -0.9% | 0.0% | 3.1% | 13.0% | 22.2% |
| ROCE | 1.3% | 1.3% | 1.6% | 1.3% | 2.1% | 2.2% | -0.4% | 0.0% | 3.4% | 11.0% | 8.5% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 4.44 | 4.44 | 4.03 | 3.73 | 18.87 | 8.86 | 3.22 | 3.32 | 3.67 | 4.23 | — |
| Debt / EBITDA | 13.38 | 13.38 | 26.96 | 39.49 | 128.51 | 27.08 | — | 24.90 | 17.45 | 6.34 | — |
| Net Debt / Equity | — | 3.59 | 4.03 | 3.73 | -0.00 | -0.00 | 3.22 | 3.32 | 3.67 | 4.23 | -2.34 |
| Net Debt / EBITDA | 10.84 | 10.84 | 26.96 | 39.49 | -0.00 | -0.00 | — | 24.90 | 17.45 | 6.34 | -9.14 |
| Debt / FCF | — | 2.54 | 3.48 | 3.52 | -0.00 | -0.00 | 1.91 | 22.77 | 10.95 | 5.99 | -2.44 |
| Interest Coverage | 0.11 | 0.11 | — | — | — | — | — | — | — | — | — |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.70 | 0.70 | 0.39 | 0.53 | 0.00 | 0.00 | — | — | — | — | 0.79 |
| Quick Ratio | 0.70 | 0.70 | 0.39 | 0.53 | 0.00 | 0.00 | — | — | — | — | 0.79 |
| Cash Ratio | 0.34 | 0.34 | — | — | 0.00 | 0.00 | — | — | — | — | 0.31 |
| Asset Turnover | — | 0.15 | 0.17 | 0.15 | 0.00 | 0.00 | 0.05 | 0.00 | 0.19 | 0.22 | 0.21 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
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 | 6.7% | 7.0% | 6.4% | 5.3% | 2.6% | 5.9% | — | 0.0% | 0.1% | 1.5% | — |
| Payout Ratio | 50.0% | 50.0% | 37.9% | 62.6% | 3.3% | 7.9% | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 13.4% | 13.9% | 16.8% | 8.5% | 14.7% | 14.0% | 7.9% | 8.1% | 9.0% | 8.1% | 8.7% |
| FCF Yield | 100.0% | 152.1% | 166.8% | 107.5% | 105.0% | 63.1% | 115.1% | 7.0% | 18.2% | 41.9% | 60.6% |
| Buyback Yield | 0.1% | 0.1% | 0.6% | 0.0% | 0.2% | 0.4% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 6.8% | 7.1% | 6.9% | 5.3% | 2.7% | 6.3% | 0.0% | 0.0% | 0.1% | 1.5% | 0.0% |
| Shares Outstanding | — | $10.6B | $10.6B | $10.6B | $10.7B | $11.7B | $10.7B | $10.7B | $10.7B | $10.7B | $10.7B |
Asset quality and provisioning
As reported in recent financial filings, Bradesco trades at a P/B of 0.97, which suggests that the market is pricing the bank at a discount to book value, reflecting significant investor skepticism regarding the bank's ability to restore historical return on tangible equity levels.
The current valuation multiple indicates that investors are discounting the bank's franchise value, likely due to the persistent gap between its current ROE and the cost of equity in the Brazilian market. This pricing suggests that the market views the bank as a commodity balance sheet rather than a premium growth franchise, warranting further investigation into whether the current discount is a value opportunity or a reflection of long-term structural impairment.
Based on the provided quarterly data, the bank's ROE has compressed to 2.9% in 2026Q1, a trend that appears driven by the dual pressure of narrowing net interest margins and the significant drag from elevated provision expenses on overall asset utilization.
The decomposition of profitability highlights that the bank's reliance on high-leverage, mass-market lending is currently failing to generate sufficient returns to offset the rising cost of credit. Investors should monitor whether the bank can shift its non-interest income contribution through its insurance segment to stabilize margins, as the current banking-centric profitability appears highly vulnerable to credit cycle volatility.
According to recent financial statements, the efficiency ratio deteriorated to 27.1% in 2026Q1, indicating that the bank's legacy physical branch network is becoming an increasingly heavy burden on operating margins as digital competition intensifies across the Brazilian retail banking landscape.
The upward trend in the efficiency ratio suggests that the bank is struggling to achieve the necessary operating leverage to maintain profitability in a high-interest-rate environment. This indicates that management's current cost-control measures may be insufficient, and a more aggressive rationalization of physical infrastructure may be required to align the cost base with modern digital-native competitors.
As evidenced by the equity-to-assets ratio of 0.07 in 2026Q1, the bank's capital adequacy appears under significant pressure, limiting its capacity for future capital returns as it prioritizes the absorption of credit losses over dividend growth or aggressive balance sheet expansion.
The current capital position suggests that the bank is operating with limited flexibility to navigate further deterioration in asset quality without potentially diluting shareholders or constraining lending growth. Investors should monitor the bank's ability to rebuild its capital buffers through organic earnings retention, as the current dividend policy appears increasingly difficult to reconcile with the need for a stronger capital base.
The P/E ratio is frequently misapplied to Bradesco, as it obscures the extreme volatility caused by discretionary loan loss provisioning, which can artificially deflate earnings and create a misleading valuation signal for investors who fail to adjust for these non-cash accounting charges.
Using P/E to value a bank like Bradesco is fundamentally flawed because it ignores the cyclical nature of credit provisions that management uses to smooth earnings. A more appropriate metric for institutional analysis would be the Price-to-Tangible-Book-Value (P/TBV) ratio, which provides a more stable and accurate reflection of the bank's underlying capital value and its ability to generate returns on that capital over the long term.
Includes 30+ ratios · 25 years · Updated daily
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Quick answers to the most common questions about buying BBDO stock.
Banco Bradesco S.A.'s current P/E ratio is 7.5x. The historical average is 9.5x. This places it at the 36th percentile of its historical range.
Banco Bradesco S.A.'s current EV/EBITDA is 13.8x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 23.9x.
Banco Bradesco S.A.'s return on equity (ROE) is 14.1%. The historical average is 21.0%.
Based on historical data, Banco Bradesco S.A. is trading at a P/E of 7.5x. This is at the 36th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Banco Bradesco S.A.'s current dividend yield is 6.72% with a payout ratio of 50.0%.
Banco Bradesco S.A. has 34.6% gross margin and 6.0% operating margin.
Banco Bradesco S.A.'s Debt/EBITDA ratio is 13.4x, indicating high leverage. A ratio above 4x may signal elevated financial risk.