Bread Financial Holdings, Inc. (BFH) Financial Ratios
28 years of historical data (1998–2025) · Financial Services · Financial - Credit Services
EV/EBITDA
↓
7.92
-5% vs avg
5yr avg: 8.33
30Y Low3.2·High16.0
P/FCF
↓
2.25
↑+51% vs avg
5yr avg: 1.49
30Y Low0.8·High55.7
P/B Ratio
↓
1.42
↑+41% vs avg
5yr avg: 1.00
30Y Low0.6·High136.7
ROE
↓
16.2%
↑-25% vs avg
5yr avg: 21.6%
30Y Low-11%·High317%
Debt/EBITDA
↓
6.33
↓-36% vs avg
5yr avg: 9.92
30Y Low1.4·High19.7
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
BFH Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Bread Financial Holdings, Inc. trades at 9.3x earnings, 43% above its 5-year average of 6.5x, sitting at the 25th percentile of its historical range. Compared to the Financial Services sector median P/E of 13.6x, the stock trades at a discount of 31%. On a free-cash-flow basis, the stock trades at 2.3x P/FCF, 51% above the 5-year average of 1.5x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $4.7B | $3.4B | $3.1B | $1.6B | $1.9B | $3.3B | $2.8B | $4.5B | $6.6B | $11.3B | $10.7B |
| Enterprise Value | $5.5B | $4.2B | $5.1B | $3.5B | $6.1B | $7.9B | $8.7B | $11.0B | $16.2B | $22.0B | $21.4B |
| P/E Ratio → | 9.34 | 6.75 | 11.10 | 2.29 | 8.44 | 4.16 | 13.25 | 7.82 | 6.85 | 14.34 | 24.83 |
| P/S Ratio | 1.00 | 0.72 | 0.64 | 0.32 | 0.43 | 1.02 | 0.86 | 1.34 | 1.16 | 2.06 | 1.50 |
| P/B Ratio | 1.42 | 1.02 | 1.01 | 0.56 | 0.83 | 1.60 | 1.86 | 2.82 | 2.83 | 6.09 | 6.47 |
| P/FCF | 2.25 | 1.63 | 1.66 | 0.83 | 1.06 | 2.28 | 1.55 | 4.16 | 2.58 | 4.74 | 5.71 |
| P/OCF | 2.25 | 1.63 | 1.66 | 0.83 | 1.02 | 2.16 | 1.50 | 3.67 | 2.39 | 4.33 | 5.14 |
P/E links to full P/E history page with 30-year chart
BFH EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Bread Financial Holdings, Inc.'s enterprise value stands at 7.9x EBITDA, roughly in line with its 5-year average of 8.3x. The Financial Services sector median is 11.4x, placing the stock at a 30% 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 | — | 0.89 | 1.06 | 0.68 | 1.40 | 2.40 | 2.65 | 3.30 | 2.85 | 4.02 | 3.00 |
| EV / EBITDA | 7.92 | 6.04 | 10.79 | 3.23 | 14.83 | 6.74 | 8.15 | 7.10 | 7.20 | 10.92 | 12.06 |
| EV / EBIT | 8.96 | 6.83 | 13.34 | 3.61 | 20.42 | 7.53 | 23.93 | 14.83 | 13.30 | 20.71 | 25.61 |
| EV / FCF | — | 2.00 | 2.73 | 1.76 | 3.44 | 5.39 | 4.78 | 10.27 | 6.32 | 9.23 | 11.39 |
BFH Profitability
Margins and return-on-capital ratios measuring operating efficiency
Bread Financial Holdings, Inc. earns an operating margin of 13.1%, below the Financial Services sector average of 20.3%. Operating margins have compressed from 18.7% to 13.1% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 16.2% indicates solid capital efficiency, compared to the sector median of 9.0%. ROIC of 5.6% represents adequate 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 | 63.3% | 63.3% | 50.9% | 59.3% | 52.0% | 63.1% | 59.1% | 69.4% | 45.7% | 46.6% | 34.1% |
| Operating Margin | 13.1% | 13.1% | 7.9% | 18.7% | 6.9% | 31.9% | 26.9% | 39.1% | 31.0% | 27.7% | 17.7% |
| Net Profit Margin | 11.0% | 11.0% | 5.8% | 13.9% | 5.1% | 24.5% | 6.5% | 8.3% | 17.0% | 14.4% | 7.2% |
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 | 16.2% | 16.2% | 9.3% | 27.7% | 10.3% | 44.4% | 13.8% | 14.2% | 46.0% | 44.9% | 26.9% |
| ROA | 2.3% | 2.3% | 1.2% | 3.0% | 0.9% | 3.6% | 0.9% | 1.0% | 3.2% | 2.8% | 2.2% |
| ROIC | 5.6% | 5.6% | 3.3% | 7.7% | 2.2% | 7.9% | 6.0% | 7.1% | 8.1% | 7.4% | 6.8% |
| ROCE | 7.3% | 7.3% | 4.4% | 10.1% | 2.9% | 10.0% | 6.9% | 7.8% | 8.9% | 8.2% | 7.9% |
BFH Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Bread Financial Holdings, Inc. carries a Debt/EBITDA ratio of 6.3x, which is highly leveraged (49% above the sector average of 4.3x). Net debt stands at $789M ($4.4B total debt minus $3.6B cash). Interest coverage of just 0.7x 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 | 1.32 | 1.32 | 1.86 | 1.86 | 3.59 | 3.63 | 5.72 | 6.58 | 5.74 | 8.02 | 7.57 |
| Debt / EBITDA | 6.33 | 6.33 | 12.07 | 5.02 | 19.69 | 6.49 | 8.11 | 6.71 | 5.96 | 7.39 | 7.06 |
| Net Debt / Equity | — | 0.24 | 0.66 | 0.63 | 1.87 | 2.17 | 3.88 | 4.14 | 4.10 | 5.77 | 6.45 |
| Net Debt / EBITDA | 1.14 | 1.14 | 4.26 | 1.71 | 10.27 | 3.88 | 5.51 | 4.22 | 4.26 | 5.31 | 6.02 |
| Debt / FCF | — | 0.38 | 1.08 | 0.93 | 2.38 | 3.11 | 3.23 | 6.11 | 3.74 | 4.49 | 5.69 |
| Interest Coverage | 0.72 | 0.72 | 0.40 | 1.10 | 0.60 | 2.73 | 0.73 | 1.17 | 7.77 | 6.12 | 3.84 |
BFH Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.27x is below 1.0, meaning current liabilities exceed current assets — though the company's $3.6B cash position helps mitigate short-term liquidity concerns.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.27 | 0.27 | 0.29 | 0.27 | 0.28 | 1.66 | 0.27 | 2.03 | 2.15 | 2.43 | 2.12 |
| Quick Ratio | 0.27 | 0.27 | 0.29 | 0.27 | 0.28 | 1.66 | 0.27 | 2.03 | 2.15 | 2.43 | 2.12 |
| Cash Ratio | 0.25 | 0.25 | 0.26 | 0.25 | 0.26 | 0.26 | 0.24 | 0.33 | 0.33 | 0.41 | 0.20 |
| Asset Turnover | — | 0.21 | 0.21 | 0.22 | 0.17 | 0.15 | 0.15 | 0.13 | 0.19 | 0.18 | 0.28 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
BFH Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Bread Financial Holdings, Inc. returns 7.5% to shareholders annually — split between a 0.9% dividend yield and 6.6% buyback yield. The payout ratio of 8.1% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 10.7% (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 | 0.9% | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | 8.1% | 8.1% | 15.5% | 5.8% | 19.3% | 5.2% | 28.5% | 45.8% | 13.0% | 14.6% | 5.8% |
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 | 10.7% | 14.8% | 9.0% | 43.6% | 11.8% | 24.1% | 7.5% | 12.8% | 14.6% | 7.0% | 4.0% |
| FCF Yield | 44.4% | 61.4% | 60.4% | 120.6% | 94.5% | 43.8% | 64.6% | 24.0% | 38.7% | 21.1% | 17.5% |
| Buyback Yield | 6.6% | — | — | — | — | — | — | — | — | — | — |
| Total Shareholder Yield | 7.5% | — | — | — | — | — | — | — | — | — | — |
| Shares Outstanding | — | $46M | $50M | $50M | $50M | $50M | $48M | $50M | $55M | $56M | $59M |
Peer Comparison
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 | $5B | 9.3 | 7.9 | 2.3 | 63.3% | 13.1% | 16.2% | 5.6% | 6.3 |
 SYF | $26B | 8.1 | 5.1 | 2.7 | 51.0% | 24.2% | 21.3% | 10.8% | 3.0 |
 COF | $125B | 50.0 | 15.7 | 4.8 | 47.3% | 3.3% | 2.8% | 1.3% | 6.8 |
 OMF | $7B | 8.9 | 22.2 | 2.2 | 47.6% | 16.0% | 23.8% | 3.0% | 17.6 |
 ALLY | $14B | 19.2 | 10.6 | — | 52.0% | 8.6% | 5.8% | 2.2% | 8.9 |
 CACC | $6B | 15.4 | 10.5 | 5.7 | 98.7% | 47.6% | 25.9% | 10.4% | 5.6 |
 ENVA | $5B | 17.5 | 12.2 | 2.9 | 50.1% | 23.5% | 24.3% | 10.4% | 5.8 |
 WRLD | $897M | 10.9 | 8.4 | 3.6 | 70.0% | 28.1% | 20.8% | 12.1% | 3.1 |
 ATLC | $2B | 16.8 | 43.8 | 2.4 | 56.3% | 22.7% | 22.4% | 2.4% | 38.6 |
 V | $628B | 32.1 | 25.1 | 29.1 | 80.4% | 60.0% | 52.1% | 29.2% | 1.0 |
 MA | $434B | 29.6 | 21.5 | 25.6 | 83.4% | 59.2% | 209.9% | 56.5% | 0.9 |
| 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 →
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Includes 30+ ratios · 28 years · Updated daily
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BFH — Frequently Asked Questions
Quick answers to the most common questions about buying BFH stock.
What is Bread Financial Holdings, Inc.'s P/E ratio?
Bread Financial Holdings, Inc.'s current P/E ratio is 9.3x. The historical average is 18.2x. This places it at the 25th percentile of its historical range.
What is Bread Financial Holdings, Inc.'s EV/EBITDA?
Bread Financial Holdings, Inc.'s current EV/EBITDA is 7.9x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 9.7x.
What is Bread Financial Holdings, Inc.'s ROE?
Bread Financial Holdings, Inc.'s return on equity (ROE) is 16.2%. The historical average is 37.7%.
Is BFH stock overvalued?
Based on historical data, Bread Financial Holdings, Inc. is trading at a P/E of 9.3x. This is at the 25th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Bread Financial Holdings, Inc.'s dividend yield?
Bread Financial Holdings, Inc.'s current dividend yield is 0.89% with a payout ratio of 8.1%.
What are Bread Financial Holdings, Inc.'s profit margins?
Bread Financial Holdings, Inc. has 63.3% gross margin and 13.1% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does Bread Financial Holdings, Inc. have?
Bread Financial Holdings, Inc.'s Debt/EBITDA ratio is 6.3x, indicating high leverage. A ratio above 4x may signal elevated financial risk.