The Bank of New York Mellon Corporation (BK) Financial Ratios
30 years of historical data (1995–2024) · Financial Services · Asset Management
EV/EBITDA
↑
4.37
↑+3301% vs avg
5yr avg: 0.13
30Y Low0.1·High16.4
P/FCF
↓
N/A
—
5yr avg: 13.00
30Y Low2.7·High31.7
P/B Ratio
↑
2.34
↑+123% vs avg
5yr avg: 1.05
30Y Low0.7·High5.7
ROE
↑
11.0%
↓+31% vs avg
5yr avg: 8.3%
30Y Low-4%·High27%
Debt/EBITDA
↓
5.94
↓-12% vs avg
5yr avg: 6.74
30Y Low2.3·High8.2
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
BK Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
The Bank of New York Mellon Corporation trades at 22.5x earnings, 67% above its 5-year average of 13.5x, sitting at the 83rd percentile of its historical range. Compared to the Financial Services sector median P/E of 13.1x, the stock trades at a premium of 71%.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $89.9B | $57.5B | $41.0B | $37.1B | $49.7B | $37.9B | $47.5B | $49.0B | $56.0B | $50.8B | $45.9B |
| Enterprise Value | $33.5B | $984M | $-37943114100 | $-27075531600 | $-33352669280 | $-86642705840 | $-23756324030 | $9.5B | $-3595980600 | $8.8B | $-51433296580 |
| P/E Ratio → | 22.53 | 13.25 | 13.38 | 15.70 | 14.00 | 11.08 | 11.16 | 11.65 | 14.48 | 15.04 | 15.21 |
| P/S Ratio | 2.27 | 1.45 | 1.21 | 1.87 | 3.14 | 2.28 | 2.32 | 2.60 | 3.46 | 3.33 | 3.03 |
| P/B Ratio | 2.34 | 1.38 | 1.00 | 0.91 | 1.15 | 0.82 | 1.14 | 1.20 | 1.34 | 1.28 | 1.18 |
| P/FCF | — | — | 8.74 | 2.70 | 30.65 | 9.93 | — | 10.02 | 16.27 | 9.37 | 13.01 |
| P/OCF | 130.93 | 83.66 | 6.94 | 2.46 | 17.53 | 7.52 | 494.44 | 8.17 | 12.07 | 8.13 | 11.11 |
P/E links to full P/E history page with 30-year chart
BK EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
The Bank of New York Mellon Corporation's enterprise value stands at 4.4x EBITDA, 3301% above its 5-year average of 0.1x. The Financial Services sector median is 11.5x, placing the stock at a 62% 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 | — | 0.02 | -1.12 | -1.37 | -2.10 | -5.22 | -1.16 | 0.51 | -0.22 | 0.58 | -3.40 |
| EV / EBITDA | 4.37 | 0.13 | -6.15 | -5.15 | -5.12 | -14.21 | -3.44 | 1.46 | -0.59 | 1.41 | -9.04 |
| EV / EBIT | 5.72 | 0.17 | -8.86 | -7.78 | -7.18 | -19.39 | -4.25 | 1.84 | -0.78 | 1.86 | -12.14 |
| EV / FCF | — | — | -8.09 | -1.97 | -20.55 | -22.71 | — | 1.95 | -1.04 | 1.62 | -14.59 |
BK Profitability
Margins and return-on-capital ratios measuring operating efficiency
The Bank of New York Mellon Corporation earns an operating margin of 14.8%, below the Financial Services sector average of 21.6%. Operating margins have compressed from 17.6% to 14.8% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 11.0% is modest. ROIC of 5.0% represents adequate returns on invested capital versus a sector median of 5.7%.
Margins
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 | 46.0% | 46.0% | 51.4% | 81.6% | 100.0% | 91.2% | 78.8% | 85.1% | 93.5% | 97.2% | 97.0% |
| Operating Margin | 14.8% | 14.8% | 12.7% | 17.6% | 29.3% | 26.9% | 27.3% | 27.6% | 28.5% | 30.9% | 28.0% |
| Net Profit Margin | 11.5% | 11.5% | 9.8% | 12.9% | 23.7% | 21.8% | 21.7% | 22.7% | 25.3% | 23.2% | 20.9% |
Return on Capital
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 11.0% | 11.0% | 8.1% | 6.1% | 8.4% | 8.2% | 10.8% | 10.3% | 10.1% | 9.0% | 8.1% |
| ROA | 1.1% | 1.1% | 0.8% | 0.6% | 0.8% | 0.8% | 1.2% | 1.2% | 1.2% | 1.0% | 0.8% |
| ROIC | 5.0% | 5.0% | 3.8% | 3.2% | 4.2% | 4.0% | 4.8% | 4.3% | 4.2% | 4.7% | 4.3% |
| ROCE | 6.5% | 6.5% | 4.8% | 4.0% | 5.3% | 5.1% | 6.4% | 5.9% | 5.5% | 6.1% | 5.5% |
BK Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
The Bank of New York Mellon Corporation carries a Debt/EBITDA ratio of 5.9x, which is highly leveraged (43% above the sector average of 4.1x). The company holds a net cash position — cash of $101.9B exceeds total debt of $45.4B, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns. Interest coverage of just 0.3x 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 | 1.09 | 1.09 | 1.13 | 1.06 | 0.88 | 0.82 | 1.04 | 1.19 | 1.18 | 0.91 | 0.96 |
| Debt / EBITDA | 5.94 | 5.94 | 7.49 | 8.21 | 5.87 | 6.17 | 6.30 | 7.44 | 8.09 | 5.77 | 6.60 |
| Net Debt / Equity | — | -1.35 | -1.93 | -1.57 | -1.91 | -2.70 | -1.71 | -0.96 | -1.43 | -1.06 | -2.50 |
| Net Debt / EBITDA | -7.38 | -7.38 | -12.80 | -12.20 | -12.75 | -20.42 | -10.32 | -6.04 | -9.80 | -6.74 | -17.09 |
| Debt / FCF | — | — | -16.83 | -4.68 | -51.20 | -32.63 | — | -8.07 | -17.31 | -7.75 | -27.59 |
| Interest Coverage | 0.27 | 0.27 | 0.26 | 0.96 | 20.48 | 3.95 | 1.28 | 1.84 | 4.29 | 10.81 | 14.12 |
Net cash position: cash ($101.9B) exceeds total debt ($45.4B)
BK Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.65x is below 1.0, meaning current liabilities exceed current assets — though the company's $101.9B cash position helps mitigate short-term liquidity concerns. The current ratio has declined from 0.74x to 0.65x over the past 3 years.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.65 | 0.65 | 0.78 | 0.74 | 0.77 | 0.84 | 0.85 | 0.85 | 0.81 | 0.74 | 0.78 |
| Quick Ratio | 0.65 | 0.65 | 0.78 | 0.74 | 0.77 | 0.84 | 0.85 | 0.85 | 0.81 | 0.74 | 0.78 |
| Cash Ratio | 0.31 | 0.31 | 0.39 | 0.34 | 0.34 | 0.43 | 0.39 | 0.32 | 0.38 | 0.31 | 0.42 |
| Asset Turnover | — | 0.10 | 0.08 | 0.05 | 0.04 | 0.04 | 0.05 | 0.05 | 0.04 | 0.05 | 0.04 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
BK Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
The Bank of New York Mellon Corporation returns 4.8% to shareholders annually — split between a 1.4% dividend yield and 3.4% buyback yield. The payout ratio of 29.8% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 4.4% (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 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 1.4% | 2.3% | 3.1% | 3.1% | 2.3% | 2.9% | 2.4% | 2.1% | 1.6% | 1.5% | 1.7% |
| Payout Ratio | 29.8% | 29.8% | 38.2% | 45.6% | 30.0% | 30.9% | 25.2% | 24.7% | 22.0% | 21.9% | 24.1% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 4.4% | 7.5% | 7.5% | 6.4% | 7.1% | 9.0% | 9.0% | 8.6% | 6.9% | 6.6% | 6.6% |
| FCF Yield | — | — | 11.4% | 37.0% | 3.3% | 10.1% | — | 10.0% | 6.1% | 10.7% | 7.7% |
| Buyback Yield | 3.4% | 5.3% | 7.6% | 0.3% | 9.2% | 2.6% | 7.0% | 6.7% | 4.8% | 4.7% | 5.1% |
| Total Shareholder Yield | 4.8% | 7.7% | 10.6% | 3.5% | 11.4% | 5.6% | 9.4% | 8.8% | 6.4% | 6.3% | 6.8% |
| Shares Outstanding | — | $748M | $788M | $815M | $856M | $893M | $943M | $1.0B | $1.0B | $1.1B | $1.1B |
Peer Comparison
Compare BK 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 |
|---|---|---|---|---|---|---|---|---|---|
 BKYou | $90B | 22.5 | 4.4 | — | 46.0% | 14.8% | 11.0% | 5.0% | 5.9 |
 STT | $42B | 18.1 | -9.3 | — | 58.5% | 15.5% | 10.9% | 4.6% | 9.2 |
 NTRS | $30B | 18.3 | -4.7 | 5.4 | 56.5% | 16.3% | 13.5% | 6.0% | 5.1 |
 BEN | $16B | 33.5 | 22.5 | 17.4 | 80.3% | 6.9% | 3.7% | 1.6% | 11.7 |
 IVZ | $12B | -16.8 | 16.3 | 8.3 | 43.2% | -10.9% | -2.0% | -2.3% | 8.2 |
 TROW | $23B | 11.2 | 7.6 | 15.2 | 62.7% | 29.9% | 17.8% | 13.3% | 0.3 |
 JPM | $826B | 15.5 | 13.3 | — | 58.6% | 27.7% | 17.4% | 5.4% | 9.0 |
 C | $226B | 21.7 | 25.3 | — | 41.7% | 10.0% | 6.1% | 1.6% | 27.7 |
 GS | $288B | 22.8 | 34.8 | — | 41.1% | 14.5% | 12.0% | 1.9% | 29.7 |
 MS | $303B | 23.9 | 25.8 | — | 55.6% | 17.1% | 13.0% | 2.9% | 15.8 |
 BAC | $401B | 13.8 | 14.6 | 31.8 | 55.4% | 18.5% | 10.2% | 3.2% | 10.0 |
| Financial Services Median | — | 13.1 | 11.5 | 10.6 | 63.6% | 21.6% | 9.4% | 5.7% | 4.1 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Start ComparisonBK — Frequently Asked Questions
Quick answers to the most common questions about buying BK stock.
What is The Bank of New York Mellon Corporation's P/E ratio?
The Bank of New York Mellon Corporation's current P/E ratio is 22.5x. The historical average is 17.1x. This places it at the 83th percentile of its historical range.
What is The Bank of New York Mellon Corporation's EV/EBITDA?
The Bank of New York Mellon Corporation's current EV/EBITDA is 4.4x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 9.0x.
What is The Bank of New York Mellon Corporation's ROE?
The Bank of New York Mellon Corporation's return on equity (ROE) is 11.0%. The historical average is 12.2%.
Is BK stock overvalued?
Based on historical data, The Bank of New York Mellon Corporation is trading at a P/E of 22.5x. This is at the 83th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is The Bank of New York Mellon Corporation's dividend yield?
The Bank of New York Mellon Corporation's current dividend yield is 1.38% with a payout ratio of 29.8%.
What are The Bank of New York Mellon Corporation's profit margins?
The Bank of New York Mellon Corporation has 46.0% gross margin and 14.8% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does The Bank of New York Mellon Corporation have?
The Bank of New York Mellon Corporation's Debt/EBITDA ratio is 5.9x, indicating high leverage. A ratio above 4x may signal elevated financial risk.