34 years of historical data (1991–2024) · Financial Services · Banks - Diversified
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
Banco Bilbao Vizcaya Argentaria, S.A. trades at 11.7x earnings, 7% below its 5-year average of 12.6x, sitting at the 24th percentile of its historical range. Compared to the Financial Services sector median P/E of 13.8x, the stock trades at a discount of 15%.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $130.9B | $56.1B | $54.2B | $37.2B | $37.6B | $32.9B | $37.1B | $35.1B | $57.0B | $44.6B | $47.8B |
| Enterprise Value | $230.6B | $140.6B | $150.0B | $66.7B | $79.1B | $70.8B | $103.5B | $78.7B | $110.8B | $114.0B | $161.5B |
| P/E Ratio → | 11.67 | 5.79 | 7.06 | 6.13 | 8.76 | 35.29 | 11.87 | 6.96 | 18.48 | 13.54 | 19.81 |
| P/S Ratio | 3.52 | 1.78 | 2.00 | 1.62 | 2.02 | 1.09 | 1.51 | 1.47 | 2.26 | 1.81 | 2.02 |
| P/B Ratio | 1.89 | 0.93 | 0.98 | 0.74 | 0.77 | 0.66 | 0.68 | 0.66 | 1.07 | 0.81 | 0.86 |
| P/FCF | — | — | — | 1.75 | — | 0.86 | — | 4.90 | 79.81 | 9.56 | 2.35 |
| P/OCF | — | — | — | 1.57 | — | 0.84 | — | 4.05 | 27.73 | 6.74 | 2.07 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
Banco Bilbao Vizcaya Argentaria, S.A.'s enterprise value stands at 10.1x EBITDA, 28% above its 5-year average of 7.9x. The Financial Services sector median is 11.1x, placing the stock at a 9% discount 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 | — | 4.45 | 5.52 | 2.91 | 4.25 | 2.35 | 4.20 | 3.30 | 4.39 | 4.63 | 6.82 |
| EV / EBITDA | 10.08 | 7.25 | 8.98 | 4.78 | 7.43 | 10.83 | 9.13 | 8.13 | 11.18 | 6.61 | 11.58 |
| EV / EBIT | 10.95 | 9.13 | 12.08 | 6.51 | 10.92 | 13.48 | 14.60 | 10.40 | 16.00 | 17.90 | 35.08 |
| EV / FCF | — | — | — | 3.14 | — | 1.85 | — | 10.98 | 155.24 | 24.43 | 7.93 |
Margins and return-on-capital ratios measuring operating efficiency
Banco Bilbao Vizcaya Argentaria, S.A. earns an operating margin of 56.6%, significantly above the Financial Services sector average of 21.9%. Operating margins have expanded from 55.0% to 56.6% over the past 3 years, signaling improving operational efficiency. ROE of 17.4% indicates solid capital efficiency, compared to the sector median of 9.1%. ROIC of 6.1% represents adequate 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 | 100.0% | 100.0% | 100.0% | 100.0% | 107.4% | 56.3% | 80.0% | 111.7% | 81.4% | 84.8% | 74.7% |
| Operating Margin | 56.6% | 56.6% | 56.3% | 55.0% | 50.6% | 17.5% | 40.4% | 35.5% | 33.8% | 64.3% | 53.5% |
| Net Profit Margin | 31.8% | 31.8% | 29.5% | 27.7% | 25.0% | 4.3% | 14.3% | 22.6% | 13.9% | 14.1% | 11.2% |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 17.4% | 17.4% | 15.2% | 12.8% | 9.4% | 2.5% | 6.5% | 10.2% | 6.5% | 6.3% | 4.9% |
| ROA | 1.3% | 1.3% | 1.1% | 0.9% | 0.7% | 0.2% | 0.5% | 0.8% | 0.5% | 0.5% | 0.4% |
| ROIC | 6.1% | 6.1% | 5.7% | 5.7% | 4.3% | 2.4% | 4.5% | 4.0% | 3.9% | 6.4% | 5.2% |
| ROCE | 8.3% | 8.3% | 7.1% | 5.8% | 3.6% | 2.0% | 4.6% | 3.8% | 3.5% | 6.4% | 6.0% |
Solvency and debt-coverage ratios — lower is generally safer
Banco Bilbao Vizcaya Argentaria, S.A. carries a Debt/EBITDA ratio of 7.4x, which is highly leveraged (81% above the sector average of 4.1x). Net debt stands at $84.5B ($144.4B total debt minus $59.9B cash). Interest coverage of just 0.5x 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 | 2.41 | 2.41 | 3.24 | 2.27 | 2.38 | 2.22 | 2.11 | 2.02 | 1.95 | 2.14 | 2.59 |
| Debt / EBITDA | 7.45 | 7.45 | 10.72 | 8.21 | 10.90 | 16.95 | 10.23 | 11.06 | 10.49 | 6.87 | 10.26 |
| Net Debt / Equity | — | 1.41 | 1.73 | 0.58 | 0.85 | 0.76 | 1.21 | 0.82 | 1.01 | 1.25 | 2.06 |
| Net Debt / EBITDA | 4.36 | 4.36 | 5.73 | 2.12 | 3.90 | 5.80 | 5.86 | 4.50 | 5.43 | 4.02 | 8.15 |
| Debt / FCF | — | — | — | 1.39 | — | 0.99 | — | 6.08 | 75.43 | 14.87 | 5.59 |
| Interest Coverage | 0.49 | 0.49 | 0.62 | 1.03 | 1.13 | 0.67 | 0.83 | 0.73 | 0.74 | 1.49 | 1.44 |
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.44x is below 1.0, meaning current liabilities exceed current assets — though the company's $59.9B cash position helps mitigate short-term liquidity concerns.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.44 | 0.44 | 0.48 | 0.48 | 0.55 | 0.52 | 0.41 | 0.42 | 0.41 | 0.41 | 0.41 |
| Quick Ratio | 0.44 | 0.44 | 0.48 | 0.48 | 0.55 | 0.52 | 0.41 | 0.42 | 0.41 | 0.41 | 0.41 |
| Cash Ratio | 0.11 | 0.11 | 0.15 | 0.17 | 0.17 | 0.17 | 0.10 | 0.14 | 0.11 | 0.10 | 0.06 |
| Asset Turnover | — | 0.04 | 0.04 | 0.03 | 0.03 | 0.04 | 0.04 | 0.04 | 0.04 | 0.03 | 0.03 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Banco Bilbao Vizcaya Argentaria, S.A. returns 4.8% to shareholders annually — split between a 3.5% dividend yield and 1.4% buyback yield. The payout ratio of 38.9% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 8.6% (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 | 3.5% | 7.0% | 5.2% | 5.9% | 2.5% | 3.2% | 5.8% | 6.0% | 3.0% | 3.6% | 1.8% |
| Payout Ratio | 38.9% | 38.9% | 35.0% | 34.4% | 19.9% | 81.6% | 61.1% | 39.0% | 48.3% | 46.0% | 33.3% |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 8.6% | 17.3% | 14.2% | 16.3% | 11.4% | 2.8% | 8.4% | 14.4% | 5.4% | 7.4% | 5.0% |
| FCF Yield | — | — | — | 57.2% | — | 116.3% | — | 20.4% | 1.3% | 10.5% | 42.6% |
| Buyback Yield | 1.4% | 2.7% | 4.0% | 8.0% | 2.7% | 2.5% | 2.9% | 4.8% | 2.9% | 4.5% | 6.9% |
| Total Shareholder Yield | 4.8% | 9.7% | 9.2% | 13.9% | 5.2% | 5.7% | 8.7% | 10.8% | 5.9% | 8.1% | 8.7% |
| Shares Outstanding | — | $5.8B | $6.0B | $6.2B | $6.4B | $6.7B | $6.6B | $6.6B | $6.7B | $6.6B | $6.5B |
Compare BBVA with 5 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
| BBVAYou | $131B | 11.7 | 10.1 | — | 100.0% | 56.6% | 17.4% | 6.1% | 7.4 |
| HSBC | $320B | 15.0 | 7.6 | 5.2 | 47.0% | 22.5% | 12.5% | 4.6% | 6.7 |
| SAN | $181B | 13.6 | 18.8 | — | 39.4% | 14.6% | 11.9% | 2.8% | 21.7 |
| BCS | $84B | 11.0 | 28.5 | — | 100.0% | 34.7% | 9.5% | 1.8% | 46.9 |
| ING | $83B | 11.5 | 20.4 | — | 94.3% | 39.7% | 12.4% | 3.1% | 18.5 |
| NWG | $66B | 11.6 | 3.0 | 70.9 | 51.3% | 21.7% | 12.5% | 4.6% | 9.1 |
| 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 · 29 years · Updated daily
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Start ComparisonBanco Bilbao Vizcaya Argentaria, S.A.'s current P/E ratio is 11.7x. The historical average is 37.3x. This places it at the 24th percentile of its historical range.
Banco Bilbao Vizcaya Argentaria, S.A.'s current EV/EBITDA is 10.1x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 10.1x.
Banco Bilbao Vizcaya Argentaria, S.A.'s return on equity (ROE) is 17.4%. The historical average is 12.5%.
Based on historical data, Banco Bilbao Vizcaya Argentaria, S.A. is trading at a P/E of 11.7x. This is at the 24th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Banco Bilbao Vizcaya Argentaria, S.A.'s current dividend yield is 3.46% with a payout ratio of 38.9%.
Banco Bilbao Vizcaya Argentaria, S.A. has 100.0% gross margin and 56.6% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
Banco Bilbao Vizcaya Argentaria, S.A.'s Debt/EBITDA ratio is 7.4x, indicating high leverage. A ratio above 4x may signal elevated financial risk.