Pathward Financial, Inc. (CASH) Financial Ratios
30 years of historical data (1996–2025) · Financial Services · Banks - Regional
EV/EBITDA
↓
6.07
+16% vs avg
5yr avg: 5.24
30Y Low1.6·High43.9
P/FCF
↑
7.59
+14% vs avg
5yr avg: 6.66
30Y Low1.1·High47.0
P/B Ratio
↑
2.26
↑+21% vs avg
5yr avg: 1.86
30Y Low0.6·High2.2
ROE
↑
21.9%
↓+4% vs avg
5yr avg: 21.0%
30Y Low-3%·High25%
Debt/EBITDA
↓
0.15
↓-69% vs avg
5yr avg: 0.49
30Y Low0.1·High38.7
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
CASH Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Pathward Financial, Inc. trades at 10.5x earnings, 18% above its 5-year average of 8.9x, sitting at the 30th percentile of its historical range. Compared to the Financial Services sector median P/E of 13.6x, the stock trades at a discount of 23%. On a free-cash-flow basis, the stock trades at 7.6x P/FCF, 14% above the 5-year average of 6.7x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $1.8B | $1.7B | $1.7B | $1.2B | $963M | $1.7B | $685M | $1.3B | $850M | $729M | $512M |
| Enterprise Value | $1.7B | $1.7B | $1.9B | $912M | $611M | $1.5B | $356M | $2.0B | $1.3B | $952M | $926M |
| P/E Ratio → | 10.49 | 9.40 | 9.17 | 7.69 | 6.27 | 11.98 | 6.54 | 13.10 | 16.50 | 16.23 | 15.42 |
| P/S Ratio | 2.62 | 2.54 | 2.49 | 2.03 | 1.84 | 3.23 | 1.44 | 2.47 | 2.80 | 3.03 | 3.39 |
| P/B Ratio | 2.26 | 2.03 | 1.98 | 1.91 | 1.49 | 1.91 | 0.81 | 1.50 | 1.14 | 1.68 | 1.53 |
| P/FCF | 7.59 | 7.36 | 9.41 | — | — | 3.22 | 1.71 | 38.92 | 7.56 | 6.44 | — |
| P/OCF | 3.99 | 3.86 | 3.67 | 4.09 | 3.58 | 2.86 | 1.47 | 6.64 | 6.17 | 6.08 | 9312.93 |
P/E links to full P/E history page with 30-year chart
CASH EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Pathward Financial, Inc.'s enterprise value stands at 6.1x EBITDA, 16% above its 5-year average of 5.2x. The Financial Services sector median is 11.4x, placing the stock at a 47% 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 | — | 2.43 | 2.86 | 1.49 | 1.17 | 2.82 | 0.75 | 3.90 | 4.17 | 3.95 | 6.12 |
| EV / EBITDA | 6.07 | 5.88 | 6.93 | 4.15 | 2.53 | 6.73 | 2.03 | 13.09 | 13.29 | 9.50 | 23.86 |
| EV / EBIT | 7.70 | 7.45 | 8.76 | 5.88 | 3.39 | 9.27 | 3.10 | 20.47 | 22.03 | 17.26 | 23.85 |
| EV / FCF | — | 7.03 | 10.84 | — | — | 2.80 | 0.89 | 61.47 | 11.26 | 8.41 | — |
CASH Profitability
Margins and return-on-capital ratios measuring operating efficiency
Pathward Financial, Inc. earns an operating margin of 32.6%, above the Financial Services sector average of 20.3%. Operating margins have expanded from 25.4% to 32.6% over the past 3 years, signaling improving operational efficiency. ROE of 21.9% indicates solid capital efficiency, compared to the sector median of 9.0%. ROIC of 15.6% represents solid 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 | 90.0% | 90.0% | 88.1% | 80.4% | 88.2% | 89.0% | 79.3% | 77.2% | 81.1% | 89.4% | 94.3% |
| Operating Margin | 32.6% | 32.6% | 32.7% | 25.4% | 34.4% | 30.4% | 24.1% | 19.1% | 18.9% | 22.9% | 25.7% |
| Net Profit Margin | 27.1% | 27.1% | 27.4% | 23.4% | 28.9% | 27.5% | 22.0% | 18.9% | 17.0% | 18.6% | 22.0% |
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 | 21.9% | 21.9% | 24.6% | 22.1% | 19.9% | 16.5% | 12.4% | 12.2% | 8.7% | 11.7% | 11.0% |
| ROA | 2.5% | 2.5% | 2.4% | 2.0% | 2.2% | 2.2% | 1.7% | 1.6% | 0.9% | 1.0% | 1.0% |
| ROIC | 15.6% | 15.6% | 16.8% | 16.9% | 16.4% | 12.3% | 6.5% | 4.9% | 2.7% | 2.4% | 2.5% |
| ROCE | 17.3% | 17.3% | 22.1% | 22.7% | 21.9% | 16.4% | 11.5% | 10.3% | 8.5% | 11.6% | 10.7% |
CASH Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Pathward Financial, Inc. carries a Debt/EBITDA ratio of 0.2x, which is very conservative (96% below the sector average of 4.3x). The company holds a net cash position — cash of $121M exceeds total debt of $42M, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns. Interest coverage of 19.2x signals virtually no risk of debt distress — earnings comfortably cover interest obligations.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.05 | 0.05 | 0.49 | 0.07 | 0.06 | 0.11 | 0.12 | 1.02 | 0.69 | 3.43 | 3.55 |
| Debt / EBITDA | 0.15 | 0.15 | 1.48 | 0.21 | 0.15 | 0.45 | 0.56 | 5.63 | 5.41 | 14.87 | 30.61 |
| Net Debt / Equity | — | -0.09 | 0.30 | -0.51 | -0.55 | -0.25 | -0.39 | 0.87 | 0.55 | 0.51 | 1.24 |
| Net Debt / EBITDA | -0.28 | -0.28 | 0.91 | -1.49 | -1.46 | -1.00 | -1.87 | 4.80 | 4.36 | 2.22 | 10.66 |
| Debt / FCF | — | -0.33 | 1.43 | — | — | -0.42 | -0.82 | 22.55 | 3.69 | 1.97 | — |
| Interest Coverage | 19.23 | 19.23 | 10.30 | 14.26 | 37.01 | 22.80 | 3.40 | 1.59 | 2.05 | 3.71 | 9.49 |
Net cash position: cash ($121M) exceeds total debt ($42M)
CASH Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.22x is below 1.0, meaning current liabilities exceed current assets. The current ratio has declined from 0.35x to 0.22x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.22 | 0.22 | 0.33 | 0.35 | 0.41 | 0.43 | 0.25 | 0.20 | 0.33 | 0.51 | 0.48 |
| Quick Ratio | 0.22 | 0.22 | 0.33 | 0.35 | 0.41 | 0.43 | 0.25 | 0.20 | 0.33 | 0.51 | 0.48 |
| Cash Ratio | 0.02 | 0.02 | 0.03 | 0.05 | 0.06 | 0.05 | 0.08 | 0.02 | 0.02 | 0.27 | 0.22 |
| Asset Turnover | — | 0.10 | 0.09 | 0.08 | 0.08 | 0.08 | 0.08 | 0.08 | 0.05 | 0.05 | 0.04 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
CASH Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Pathward Financial, Inc. returns 9.3% to shareholders annually — split between a 0.2% dividend yield and 9.1% buyback yield. The payout ratio of 2.5% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 9.5% (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 | 0.2% | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | 2.5% | 2.5% | 2.8% | 3.8% | 3.9% | 4.5% | 6.8% | 8.0% | 11.1% | 10.8% | 13.2% |
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 | 9.5% | 10.6% | 10.9% | 13.0% | 16.0% | 8.3% | 15.3% | 7.6% | 6.1% | 6.2% | 6.5% |
| FCF Yield | 13.2% | 13.6% | 10.6% | — | — | 31.1% | 58.6% | 2.6% | 13.2% | 15.5% | — |
| Buyback Yield | 9.1% | — | — | — | — | — | — | — | — | — | — |
| Total Shareholder Yield | 9.3% | — | — | — | — | — | — | — | — | — | — |
| Shares Outstanding | — | $24M | $25M | $27M | $29M | $32M | $36M | $39M | $31M | $28M | $25M |
Peer Comparison
Compare CASH 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 |
|---|---|---|---|---|---|---|---|---|---|
 CASHYou | $2B | 10.5 | 6.1 | 7.6 | 90.0% | 32.6% | 21.9% | 15.6% | 0.2 |
 GDOT | $732M | -7.2 | -4.4 | 11.1 | 24.5% | 2.7% | -11.2% | 4.4% | 0.5 |
 EVTC | $2B | 11.5 | 7.7 | 11.5 | 49.7% | 20.0% | 23.0% | 10.2% | 3.7 |
 FCFS | $10B | 30.8 | 12.9 | 21.5 | 51.7% | 15.4% | 15.3% | 9.2% | 2.8 |
 NAVI | $740M | -9.7 | 17.8 | 1.7 | 87.0% | 77.1% | -3.2% | 3.8% | 18.3 |
 SLM | $5B | 6.6 | 6.2 | 7.9 | 53.1% | 31.9% | 32.3% | 8.8% | 5.9 |
 ENVA | $5B | 17.7 | 12.3 | 2.9 | 50.1% | 23.5% | 24.3% | 10.4% | 5.8 |
 OMF | $7B | 8.9 | 22.2 | 2.2 | 47.6% | 16.0% | 23.8% | 3.0% | 17.6 |
 WRLD | $916M | 11.1 | 8.5 | 3.7 | 70.0% | 28.1% | 20.8% | 12.1% | 3.1 |
 PRAA | $605M | -2.0 | 1.2 | — | 99.2% | 33.9% | -27.3% | 11.2% | 0.1 |
 V | $627B | 32.0 | 25.0 | 29.0 | 80.4% | 60.0% | 52.1% | 29.2% | 1.0 |
| 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 · 30 years · Updated daily
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CASH — Frequently Asked Questions
Quick answers to the most common questions about buying CASH stock.
What is Pathward Financial, Inc.'s P/E ratio?
Pathward Financial, Inc.'s current P/E ratio is 10.5x. The historical average is 15.8x. This places it at the 30th percentile of its historical range.
What is Pathward Financial, Inc.'s EV/EBITDA?
Pathward Financial, Inc.'s current EV/EBITDA is 6.1x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 19.3x.
What is Pathward Financial, Inc.'s ROE?
Pathward Financial, Inc.'s return on equity (ROE) is 21.9%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 9.8%.
Is CASH stock overvalued?
Based on historical data, Pathward Financial, Inc. is trading at a P/E of 10.5x. This is at the 30th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Pathward Financial, Inc.'s dividend yield?
Pathward Financial, Inc.'s current dividend yield is 0.24% with a payout ratio of 2.5%.
What are Pathward Financial, Inc.'s profit margins?
Pathward Financial, Inc. has 90.0% gross margin and 32.6% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does Pathward Financial, Inc. have?
Pathward Financial, Inc.'s Debt/EBITDA ratio is 0.2x, indicating low leverage. A ratio below 2x is generally considered financially healthy.