Latest Ratios: P/E Ratio 17.1x · EV/EBITDA 19.2x · ROE 18.1%. (2000–2025 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 | $21.1B | $19.2B | $11.5B | $11.7B | $10.5B | $7.9B | $10.3B | $10.6B | $14.4B | $15.9B | $11.5B |
| Enterprise Value | $32.0B | $10.56T | $9.00T | $6.70T | $7.10T | $5.23T | $6.61T | $7.64T | $7.80T | $6.41T | $5.65T |
| P/E Ratio → | 17.11 | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 | 0.03 | 0.02 | 0.02 | 0.03 | 0.02 |
| P/S Ratio | 9.92 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| P/B Ratio | 3.05 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| P/FCF | 27.24 | 0.03 | 0.03 | 0.01 | 0.21 | 0.00 | — | 0.01 | — | 0.02 | 0.09 |
| P/OCF | 24.69 | 0.02 | 0.03 | 0.01 | 0.08 | 0.00 | — | 0.01 | — | 0.02 | 0.07 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 5.14 | 2.96 | 2.26 | 2.28 | 2.36 | 3.43 | 3.84 | 4.28 | 3.81 | 3.30 |
| EV / EBITDA | 19.25 | 6.57 | 5.37 | 3.75 | 3.90 | 3.71 | 11.43 | 9.01 | 9.74 | 8.84 | 7.95 |
| EV / EBIT | 20.46 | 6.98 | 5.69 | 3.95 | 4.09 | 3.93 | 13.09 | 9.83 | 10.22 | 9.32 | 8.37 |
| EV / FCF | — | 14.10 | 23.73 | 4.09 | 140.56 | 1.78 | — | 5.78 | — | 7.71 | 45.78 |
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 | 87.4% | 87.4% | 57.8% | 54.3% | 51.0% | 72.5% | 55.3% | 60.7% | 62.8% | 62.6% | 60.5% |
| Operating Margin | 50.0% | 50.0% | 34.0% | 33.3% | 32.7% | 44.0% | 20.3% | 28.4% | 30.5% | 29.4% | 28.1% |
| Net Profit Margin | 39.4% | 39.4% | 26.9% | 27.0% | 27.2% | 34.9% | 16.1% | 22.1% | 24.1% | 24.5% | 23.9% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 18.1% | 18.1% | 19.8% | 23.9% | 28.2% | 24.0% | 10.2% | 15.9% | 16.7% | 16.7% | 17.7% |
| ROA | 2.2% | 2.2% | 2.3% | 2.5% | 2.7% | 2.2% | 0.9% | 1.6% | 1.8% | 1.8% | 1.8% |
| ROIC | 5.8% | 5.8% | 6.5% | 7.5% | 8.6% | 7.2% | 2.7% | 4.2% | 4.7% | 4.7% | 4.7% |
| ROCE | 6.5% | 6.5% | 6.5% | 6.5% | 7.0% | 6.0% | 2.6% | 4.7% | 5.4% | 5.4% | 5.5% |
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 | 2.03 | 2.03 | 1.85 | 1.92 | 1.96 | 1.92 | 2.39 | 2.77 | 2.53 | 2.22 | 2.25 |
| Debt / EBITDA | 8.43 | 8.43 | 7.19 | 6.53 | 5.84 | 6.58 | 16.53 | 12.77 | 11.60 | 10.87 | 10.46 |
| Net Debt / Equity | — | 1.58 | 1.38 | 1.10 | 1.30 | 1.08 | 1.65 | 1.95 | 2.12 | 1.80 | 1.71 |
| Net Debt / EBITDA | 6.56 | 6.56 | 5.36 | 3.74 | 3.89 | 3.71 | 11.42 | 9.00 | 9.72 | 8.82 | 7.94 |
| Debt / FCF | — | 14.08 | 23.70 | 4.08 | 140.35 | 1.78 | — | 5.77 | — | 7.70 | 45.69 |
| Interest Coverage | 1.56 | 1.56 | 0.98 | 0.80 | 0.79 | 1.64 | 0.90 | 1.05 | 1.12 | 1.05 | 0.98 |
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 | 0.24 | 0.24 | 0.27 | 0.32 | 0.34 | 0.32 | 0.23 | 0.28 | 0.13 | 0.16 | 0.12 |
| Quick Ratio | 0.24 | 0.24 | 0.27 | 0.32 | 0.34 | 0.32 | 0.23 | 0.28 | 0.13 | 0.16 | 0.12 |
| Cash Ratio | 0.10 | 0.10 | 0.10 | 0.17 | 0.12 | 0.14 | 0.12 | 0.14 | 0.07 | 0.08 | 0.09 |
| Asset Turnover | — | 0.06 | 0.09 | 0.09 | 0.10 | 0.06 | 0.05 | 0.07 | 0.07 | 0.07 | 0.08 |
| 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 | 4.9% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| Payout Ratio | 83.5% | 83.5% | 65.4% | 63.1% | 37.3% | 20.9% | 87.3% | 59.0% | 62.0% | 59.8% | 63.8% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 5.8% | 6210.5% | 10537.9% | 11785.1% | 13746.4% | 9993.6% | 3905.8% | 5593.1% | 4118.9% | 3597.1% | 4819.0% |
| FCF Yield | 3.7% | 3900.4% | 3312.1% | 14060.5% | 480.1% | 37049.5% | — | 12477.3% | — | 5225.3% | 1077.4% |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 4.9% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| Shares Outstanding | — | $505M | $505M | $505M | $505M | $505M | $505M | $505M | $505M | $505M | $512M |
Includes 30+ ratios · 26 years · Updated daily
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Quick answers to the most common questions about buying BCH stock.
Banco de Chile's current P/E ratio is 17.1x. The historical average is 0.0x. This places it at the 100th percentile of its historical range.
Banco de Chile's current EV/EBITDA is 19.2x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 7.4x.
Banco de Chile's return on equity (ROE) is 18.1%. The historical average is 20.9%.
Based on historical data, Banco de Chile is trading at a P/E of 17.1x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Banco de Chile's current dividend yield is 4.88% with a payout ratio of 83.5%.
Banco de Chile has 87.4% gross margin and 50.0% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
Banco de Chile's Debt/EBITDA ratio is 8.4x, indicating high leverage. A ratio above 4x may signal elevated financial risk.
Key Metrics
Top Statement Risk
UF accounting revenue volatility
Premium Priced for Defensive Quality
Trading at 2.87x book, BCH commands a premium over BSAC's 2.64x, reflecting its superior funding franchise. According to reported figures, the market prices in sustained high returns, though the 16.07x P/E appears stretched if ROE normalizes.
The P/B premium over peers suggests investors are paying for BCH's structural funding advantage and conservative risk profile. However, with ROE at 7.2% in Q2 2026, the implied ROTCE expectations seem optimistic unless margins expand further. The forward P/E of 0.02 is likely a data artifact and should be disregarded.
ROE Recovery Led by NIM Expansion
ROE improved to 7.2% in Q2 2026 from 5.6% a year earlier, driven by NIM expansion to 1.3% from 0.8%. As per financial statements, the efficiency ratio at 22.1% underscores strong cost control, but leverage remains low at 10% equity-to-assets.
The DuPont decomposition shows that the ROE improvement is primarily from higher asset yields relative to funding costs, not from increased leverage. The efficiency ratio's drop to 22.1% indicates operating leverage, but the sustainability is questionable given the revenue volatility from UF adjustments. Non-interest income's contribution is erratic, swinging from 14.9% to 28% of revenue, which adds noise to core profitability.
NIM Expansion Masks UF Headwinds
NIM rose to 1.3% in Q2 2026 from 0.8% a year earlier, according to reported figures, but this may partly reflect inflation-linked gains. The efficiency ratio at 22.1% is a historic low, yet the 34.9% revenue decline suggests cost ratios could deteriorate if revenue normalizes.
The NIM improvement is likely driven by higher loan yields and a stable deposit base, but the bank's long-UF position means disinflation could compress margins. The efficiency ratio's improvement is impressive, but it is partly due to the denominator effect of volatile revenue. Investors should monitor core NIM excluding UF effects to gauge true pricing power.
Capital Ratios Stable, Payout at Risk
Equity-to-assets held at 10.3% in Q2 2026, as per balance sheet data, but upcoming Basel III implementation may pressure capital retention. The bank's high dividend yield of 5.2% suggests a commitment to payouts, yet regulatory changes could force a reduction.
The current capital position appears adequate, but the full implementation of Basel III by the CMF could require higher capital buffers, potentially limiting the bank's ability to maintain its historical payout ratio. The low debt-to-equity ratio of 2.03% is unusual for a bank and may indicate a data anomaly; however, if accurate, it suggests minimal reliance on debt funding, which is positive for capital strength.
Provisions Contained, Quality Stable
Loan loss provisions rose to $114.1B in Q2 2026 from $94.7B a year earlier, as per reported figures, but the increase appears manageable relative to earnings. The bank's focus on high-income retail clients may provide a buffer against credit deterioration.
The provisioning level suggests a conservative stance, but without net charge-off data, the adequacy of reserves is unclear. The bank's proactive provisioning, possibly due to its data advantage, may be misinterpreted as weakness. Investors should monitor unemployment trends in Chile, as any uptick could pressure retail asset quality.
P/E Misleads Due to UF Volatility
The P/E ratio is commonly misapplied to BCH because inflation-linked adjustments cause earnings volatility unrelated to core operations. As per financial statements, the 34.9% revenue decline in Q2 2026 likely stems from UF effects, making P/E unreliable. Instead, P/B and core NIM should be used.
The P/E multiple can swing dramatically due to non-cash UF adjustments, obscuring the bank's true earning power. Analysts should focus on P/B relative to ROTCE and adjust for monetary correction to derive a normalized earnings figure. The market's use of P/E may lead to mispricing, especially during periods of disinflation.