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
Bread Financial Holdings, Inc. trades at 12.9x earnings, 64% above its 5-year average of 7.8x, sitting at the 26th percentile of its historical range. Compared to the Financial Services sector median P/E of 13.8x, the stock trades at a discount of 6%. On a free-cash-flow basis, the stock trades at 1.6x P/FCF, 11% above the 5-year average of 1.5x.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $3.1B | $3.1B | $1.6B | $1.9B | $3.3B | $2.8B | $4.5B | $6.6B | $11.3B | $10.7B | $13.7B |
| Enterprise Value | $5.1B | $5.1B | $3.5B | $6.1B | $7.9B | $8.6B | $11.0B | $16.2B | $22.0B | $21.4B | $24.1B |
| P/E Ratio → | 12.88 | 11.10 | 2.29 | 8.44 | 4.16 | 13.25 | 7.82 | 6.85 | 14.34 | 24.83 | 24.93 |
| P/S Ratio | 0.64 | 0.64 | 0.32 | 0.43 | 1.02 | 0.86 | 1.34 | 1.16 | 2.06 | 1.50 | 2.13 |
| P/B Ratio | 1.17 | 1.01 | 0.56 | 0.83 | 1.60 | 1.86 | 2.76 | 2.83 | 6.09 | 6.47 | 6.31 |
| P/FCF | 1.64 | 1.66 | 0.83 | 1.06 | 2.28 | 1.55 | 4.16 | 2.58 | 4.74 | 5.71 | 9.58 |
| P/OCF | 1.64 | 1.66 | 0.83 | 1.02 | 2.16 | 1.50 | 3.67 | 2.39 | 4.33 | 5.14 | 8.45 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
Bread Financial Holdings, Inc.'s enterprise value stands at 10.7x EBITDA, 23% above its 5-year average of 8.7x. This is roughly in line with the Financial Services sector median of 11.1x.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.06 | 0.68 | 1.40 | 2.40 | 2.60 | 3.30 | 2.85 | 4.02 | 3.00 | 3.75 |
| EV / EBITDA | 10.75 | 10.79 | 3.23 | 14.83 | 6.73 | 7.99 | 7.10 | 7.20 | 10.92 | 12.06 | 13.76 |
| EV / EBIT | 13.28 | 13.34 | 3.61 | 20.42 | 7.52 | 23.47 | 14.83 | 13.30 | 20.71 | 25.61 | 24.22 |
| EV / FCF | — | 2.73 | 1.76 | 3.44 | 5.38 | 4.68 | 10.27 | 6.32 | 9.23 | 11.39 | 16.81 |
Margins and return-on-capital ratios measuring operating efficiency
Bread Financial Holdings, Inc. earns an operating margin of 7.9%, below the Financial Services sector average of 21.9%. Operating margins have expanded from 6.9% to 7.9% over the past 3 years, signaling improving operational efficiency. ROE of 9.3% is modest. ROIC of 3.3% 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 | 50.9% | 50.9% | 59.3% | 52.0% | 63.1% | 59.1% | 69.4% | 45.7% | 46.6% | 34.1% | 35.6% |
| Operating Margin | 7.9% | 7.9% | 18.7% | 6.9% | 31.9% | 26.9% | 39.1% | 31.0% | 27.7% | 17.7% | 19.6% |
| Net Profit Margin | 5.8% | 5.8% | 13.9% | 5.1% | 24.5% | 6.5% | 8.3% | 17.0% | 14.4% | 7.2% | 9.3% |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 9.3% | 9.3% | 27.7% | 10.3% | 44.4% | 13.6% | 14.1% | 46.0% | 44.9% | 26.9% | 24.8% |
| ROA | 1.2% | 1.2% | 3.0% | 0.9% | 3.6% | 0.9% | 1.0% | 3.2% | 2.8% | 2.2% | 2.8% |
| ROIC | 3.3% | 3.3% | 7.7% | 2.2% | 7.9% | 6.0% | 7.1% | 8.1% | 7.4% | 6.8% | 7.3% |
| ROCE | 2.4% | 2.4% | 5.7% | 2.9% | 6.6% | 3.8% | 5.9% | 8.9% | 8.2% | 7.8% | 8.4% |
Solvency and debt-coverage ratios — lower is generally safer
Bread Financial Holdings, Inc. carries a Debt/EBITDA ratio of 12.1x, which is highly leveraged (194% above the sector average of 4.1x). Net debt stands at $2.0B ($5.7B total debt minus $3.7B cash). Interest coverage of just 0.4x 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 | 1.86 | 1.86 | 1.86 | 3.59 | 3.63 | 5.72 | 6.44 | 5.74 | 8.02 | 7.57 | 5.30 |
| Debt / EBITDA | 12.07 | 12.07 | 5.02 | 19.69 | 6.49 | 8.11 | 6.71 | 5.96 | 7.39 | 7.06 | 6.59 |
| Net Debt / Equity | — | 0.66 | 0.63 | 1.87 | 2.17 | 3.77 | 4.05 | 4.10 | 5.77 | 6.45 | 4.77 |
| Net Debt / EBITDA | 4.26 | 4.26 | 1.71 | 10.27 | 3.88 | 5.35 | 4.22 | 4.26 | 5.31 | 6.02 | 5.92 |
| Debt / FCF | — | 1.08 | 0.93 | 2.38 | 3.10 | 3.14 | 6.11 | 3.74 | 4.49 | 5.69 | 7.24 |
| Interest Coverage | 0.40 | 0.40 | 1.10 | 0.60 | 2.73 | 1.78 | 2.05 | 11.24 | 8.74 | 5.80 | 7.03 |
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.29x is below 1.0, meaning current liabilities exceed current assets — though the company's $3.7B 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 | 0.29 | 0.29 | 13.15 | 0.29 | 1.69 | 18.48 | 25.14 | 2.15 | 2.43 | 2.12 | 2.29 |
| Quick Ratio | 0.29 | 0.29 | 13.15 | 0.29 | 1.69 | 18.48 | 25.14 | 2.15 | 2.43 | 2.12 | 2.29 |
| Cash Ratio | 0.27 | 0.27 | 13.15 | 0.27 | 0.26 | 2.78 | 4.20 | 0.33 | 0.41 | 0.20 | 0.18 |
| Asset Turnover | — | 0.21 | 0.22 | 0.17 | 0.15 | 0.15 | 0.13 | 0.19 | 0.18 | 0.28 | 0.29 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Bread Financial Holdings, Inc. returns 3.0% to shareholders annually — split between a 1.2% dividend yield and 1.8% buyback yield. The payout ratio of 15.5% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 7.8% (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 | 1.2% | 1.4% | 2.6% | 2.3% | 1.3% | 2.2% | 2.8% | 1.9% | 1.0% | 0.3% | — |
| Payout Ratio | 15.5% | 15.5% | 5.8% | 19.3% | 5.2% | 28.5% | 45.8% | 13.0% | 14.6% | 5.8% | — |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 7.8% | 9.0% | 43.6% | 11.8% | 24.1% | 7.5% | 12.8% | 14.6% | 7.0% | 4.0% | 4.0% |
| FCF Yield | 60.8% | 60.4% | 120.6% | 94.5% | 43.8% | 64.6% | 24.0% | 38.7% | 21.1% | 17.5% | 10.4% |
| Buyback Yield | 1.8% | 1.8% | 2.1% | 0.6% | 0.0% | 0.0% | 21.8% | 6.7% | 4.9% | 7.4% | 6.9% |
| Total Shareholder Yield | 3.0% | 3.2% | 4.7% | 2.9% | 1.3% | 2.2% | 24.7% | 8.6% | 5.9% | 7.7% | 6.9% |
| Shares Outstanding | — | $50M | $50M | $50M | $50M | $48M | $50M | $55M | $56M | $59M | $62M |
Compare BFH 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 |
|---|---|---|---|---|---|---|---|---|---|
| BFHYou | $3B | 12.9 | 10.7 | 1.6 | 50.9% | 7.9% | 9.3% | 3.3% | 12.1 |
| 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 |
| 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 |
| ATLC | $791M | 11.0 | 20.3 | 1.7 | 21.6% | 10.6% | 25.2% | 3.8% | 17.4 |
| 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 ComparisonBread Financial Holdings, Inc.'s current P/E ratio is 12.9x. The historical average is 18.7x. This places it at the 26th percentile of its historical range.
Bread Financial Holdings, Inc.'s current EV/EBITDA is 10.7x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 9.8x.
Bread Financial Holdings, Inc.'s return on equity (ROE) is 9.3%. The historical average is 38.5%.
Based on historical data, Bread Financial Holdings, Inc. is trading at a P/E of 12.9x. This is at the 26th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Bread Financial Holdings, Inc.'s current dividend yield is 1.20% with a payout ratio of 15.5%.
Bread Financial Holdings, Inc. has 50.9% gross margin and 7.9% operating margin.
Bread Financial Holdings, Inc.'s Debt/EBITDA ratio is 12.1x, indicating high leverage. A ratio above 4x may signal elevated financial risk.