BOK Financial Corporation (BOKF) Financial Ratios
30 years of historical data (1995–2024) · Financial Services · Banks - Regional
EV/EBITDA
↑
17.36
↑+34% vs avg
5yr avg: 12.96
30Y Low7.7·High27.1
P/FCF
↑
7.26
↓-76% vs avg
5yr avg: 30.36
30Y Low1.4·High103.9
P/B Ratio
↑
1.55
↑+28% vs avg
5yr avg: 1.21
30Y Low0.9·High2.4
ROE
↑
9.8%
-4% vs avg
5yr avg: 10.2%
30Y Low7%·High18%
Debt/EBITDA
↑
5.77
↓-17% vs avg
5yr avg: 6.98
30Y Low2.8·High18.9
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
BOKF Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
BOK Financial Corporation trades at 16.6x earnings, 38% above its 5-year average of 12.0x, sitting at the 83rd percentile of its historical range. Compared to the Financial Services sector median P/E of 13.3x, the stock trades at a premium of 24%. On a free-cash-flow basis, the stock trades at 7.3x P/FCF, 76% below the 5-year average of 30.4x.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $10.4B | $6.8B | $5.6B | $7.0B | $7.2B | $4.8B | $6.2B | $4.9B | $6.0B | $5.4B | $4.0B |
| Enterprise Value | $13.4B | $9.8B | $13.2B | $12.7B | $6.9B | $7.4B | $13.6B | $11.2B | $9.5B | $8.6B | $7.7B |
| P/E Ratio → | 16.56 | 13.08 | 10.68 | 13.51 | 11.79 | 11.06 | 12.43 | 10.96 | 18.07 | 23.52 | 14.20 |
| P/S Ratio | 3.09 | 2.02 | 1.85 | 3.49 | 3.96 | 2.33 | 2.86 | 2.71 | 3.73 | 3.75 | 2.92 |
| P/B Ratio | 1.55 | 1.22 | 1.09 | 1.49 | 1.35 | 0.90 | 1.27 | 1.10 | 1.70 | 1.64 | 1.24 |
| P/FCF | 7.26 | 4.74 | 84.96 | 1.36 | — | — | — | — | 27.84 | — | 13.68 |
| P/OCF | 7.26 | 4.74 | 84.96 | 1.36 | — | — | — | — | 27.84 | — | 13.68 |
P/E links to full P/E history page with 30-year chart
BOKF EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
BOK Financial Corporation's enterprise value stands at 17.4x EBITDA, 34% above its 5-year average of 13.0x. The Financial Services sector median is 11.4x, placing the stock at a 52% premium 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 | — | 2.92 | 4.34 | 6.36 | 3.77 | 3.62 | 6.26 | 6.20 | 5.94 | 5.96 | 5.54 |
| EV / EBITDA | 17.36 | 12.70 | 16.68 | 16.56 | 7.67 | 11.20 | 18.66 | 17.82 | 16.62 | 22.27 | 16.36 |
| EV / EBIT | 20.10 | 14.71 | 19.36 | 19.26 | 8.66 | 13.17 | 21.48 | 19.74 | 18.37 | 25.36 | 17.72 |
| EV / FCF | — | 6.85 | 199.90 | 2.48 | — | — | — | — | 44.30 | — | 25.96 |
BOKF Profitability
Margins and return-on-capital ratios measuring operating efficiency
BOK Financial Corporation earns an operating margin of 19.8%, roughly in line with the Financial Services sector average. Operating margins have compressed from 33.0% to 19.8% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 9.8% is modest. ROIC of 4.1% represents below-average 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 | 57.1% | 57.1% | 63.3% | 89.5% | 102.1% | 81.3% | 78.6% | 86.0% | 92.3% | 89.8% | 93.0% |
| Operating Margin | 19.8% | 19.8% | 22.4% | 33.0% | 43.5% | 27.5% | 29.1% | 31.4% | 32.3% | 23.5% | 31.1% |
| Net Profit Margin | 15.6% | 15.6% | 17.4% | 26.0% | 33.8% | 21.2% | 23.1% | 24.7% | 20.9% | 16.1% | 20.8% |
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 | 9.8% | 9.8% | 10.8% | 10.3% | 11.6% | 8.6% | 10.8% | 11.2% | 9.8% | 7.1% | 8.7% |
| ROA | 1.1% | 1.1% | 1.1% | 1.1% | 1.3% | 1.0% | 1.2% | 1.3% | 1.0% | 0.7% | 1.0% |
| ROIC | 4.1% | 4.1% | 4.0% | 5.0% | 7.0% | 3.7% | 3.7% | 4.0% | 4.2% | 2.7% | 3.9% |
| ROCE | 5.5% | 5.5% | 5.5% | 7.7% | 12.0% | 6.5% | 5.7% | 5.4% | 5.6% | 3.7% | 5.5% |
BOKF Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
BOK Financial Corporation carries a Debt/EBITDA ratio of 5.8x, which is highly leveraged (40% above the sector average of 4.1x). Net debt stands at $3.0B ($4.5B total debt minus $1.4B 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 | 0.80 | 0.80 | 1.74 | 1.52 | 0.46 | 0.72 | 1.77 | 1.67 | 1.66 | 1.73 | 1.92 |
| Debt / EBITDA | 5.77 | 5.77 | 11.29 | 9.30 | 2.78 | 5.76 | 11.87 | 11.84 | 10.22 | 14.82 | 13.37 |
| Net Debt / Equity | — | 0.54 | 1.48 | 1.22 | -0.06 | 0.50 | 1.51 | 1.41 | 1.01 | 0.96 | 1.11 |
| Net Debt / EBITDA | 3.91 | 3.91 | 9.59 | 7.47 | -0.38 | 3.98 | 10.14 | 10.02 | 6.18 | 8.24 | 7.74 |
| Debt / FCF | — | 2.11 | 114.94 | 1.12 | — | — | — | — | 16.46 | — | 12.28 |
| Interest Coverage | 0.47 | 0.47 | 0.64 | 3.65 | 12.86 | 3.51 | 1.51 | 2.32 | 3.95 | 4.14 | 6.80 |
BOKF Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.37x is below 1.0, meaning current liabilities exceed current assets — though the company's $1.4B 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 | 0.37 | 0.37 | 0.40 | 0.36 | 0.37 | 0.37 | 0.43 | 0.40 | 0.49 | 0.51 | 0.53 |
| Quick Ratio | 0.37 | 0.37 | 0.40 | 0.36 | 0.37 | 0.37 | 0.43 | 0.40 | 0.49 | 0.51 | 0.53 |
| Cash Ratio | 0.04 | 0.04 | 0.04 | 0.04 | 0.06 | 0.03 | 0.04 | 0.04 | 0.10 | 0.11 | 0.12 |
| Asset Turnover | — | 0.07 | 0.06 | 0.04 | 0.04 | 0.04 | 0.05 | 0.05 | 0.05 | 0.04 | 0.04 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
BOKF Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
BOK Financial Corporation returns 2.6% to shareholders annually — split between a 1.7% dividend yield and 0.9% buyback yield. The payout ratio of 27.3% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 6.0% (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 | 1.7% | 2.1% | 2.6% | 2.1% | 2.0% | 3.0% | 2.3% | 2.6% | 1.9% | 2.1% | 2.8% |
| Payout Ratio | 27.3% | 27.3% | 27.0% | 27.6% | 23.3% | 33.2% | 28.7% | 28.5% | 34.7% | 48.8% | 39.9% |
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 | 6.0% | 7.6% | 9.4% | 7.4% | 8.5% | 9.0% | 8.0% | 9.1% | 5.5% | 4.3% | 7.0% |
| FCF Yield | 13.8% | 21.1% | 1.2% | 73.4% | — | — | — | — | 3.6% | — | 7.3% |
| Buyback Yield | 0.9% | 1.4% | 3.2% | 2.3% | 1.7% | 1.7% | 2.1% | 1.1% | 0.1% | 1.0% | 5.5% |
| Total Shareholder Yield | 2.6% | 3.5% | 5.8% | 4.4% | 3.7% | 4.7% | 4.4% | 3.7% | 2.0% | 3.1% | 8.4% |
| Shares Outstanding | — | $64M | $66M | $67M | $69M | $70M | $71M | $67M | $65M | $65M | $68M |
Peer Comparison
Compare BOKF 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 |
|---|---|---|---|---|---|---|---|---|---|
 BOKFYou | $10B | 16.6 | 17.4 | 7.3 | 57.1% | 19.8% | 9.8% | 4.1% | 5.8 |
 WTFC | $10B | 13.0 | 11.7 | 11.1 | 62.2% | 26.4% | 12.1% | 7.5% | 3.7 |
 CBSH | $8B | 12.8 | 12.8 | 12.9 | 80.0% | 34.2% | 15.8% | 8.4% | 3.9 |
 UMBF | $10B | 14.4 | 12.1 | 10.2 | 54.4% | 20.3% | 12.6% | 7.5% | 3.6 |
 FFIN | $5B | 20.7 | 14.1 | 15.7 | 70.8% | 36.8% | 14.4% | 11.0% | 0.7 |
 IBOC | $4B | 10.8 | 8.5 | 9.0 | 78.3% | 49.4% | 13.6% | 10.5% | 1.3 |
 HOMB | $5B | 13.3 | 10.1 | 12.5 | 65.6% | 36.0% | 10.4% | 7.2% | 2.2 |
 CADE | $8B | 15.2 | 7.0 | 10.1 | 59.3% | 23.3% | 9.8% | 6.7% | 0.0 |
 FHN | $12B | 13.2 | 11.7 | 19.1 | 67.3% | 25.7% | 10.8% | 7.0% | 3.4 |
 SNV | $7B | 16.5 | 8.8 | 9.1 | 53.8% | 17.7% | 9.3% | 6.6% | 2.8 |
 PNFP | $8B | 16.6 | 10.0 | 9.4 | 49.1% | 20.4% | 7.6% | 4.9% | 3.7 |
| Financial Services Median | — | 13.3 | 11.4 | 10.6 | 62.9% | 21.4% | 9.5% | 5.7% | 4.1 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Start ComparisonBOKF — Frequently Asked Questions
Quick answers to the most common questions about buying BOKF stock.
What is BOK Financial Corporation's P/E ratio?
BOK Financial Corporation's current P/E ratio is 16.6x. The historical average is 14.3x. This places it at the 83th percentile of its historical range.
What is BOK Financial Corporation's EV/EBITDA?
BOK Financial Corporation's current EV/EBITDA is 17.4x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 15.5x.
What is BOK Financial Corporation's ROE?
BOK Financial Corporation's return on equity (ROE) is 9.8%. The historical average is 12.2%.
Is BOKF stock overvalued?
Based on historical data, BOK Financial Corporation is trading at a P/E of 16.6x. 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 BOK Financial Corporation's dividend yield?
BOK Financial Corporation's current dividend yield is 1.66% with a payout ratio of 27.3%.
What are BOK Financial Corporation's profit margins?
BOK Financial Corporation has 57.1% gross margin and 19.8% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does BOK Financial Corporation have?
BOK Financial Corporation's Debt/EBITDA ratio is 5.8x, indicating high leverage. A ratio above 4x may signal elevated financial risk.