Latest Ratios: P/E Ratio 16.7x · EV/EBITDA 30.5x · ROE 6.5%. (1998–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $1.1B | $826M | $763M | $637M | $1.1B | $1.6B | $1.3B | $1.9B | $1.7B | $2.0B | $1.9B |
| Enterprise Value | $2.8B | $2.5B | $2.7B | $2.8B | $3.2B | $3.1B | $2.9B | $3.9B | $4.0B | $4.0B | $4.2B |
| P/E Ratio → | 16.71 | 12.21 | 20.14 | — | 13.39 | 20.52 | 19.72 | 20.26 | 17.45 | 23.33 | 22.33 |
| P/S Ratio | 5.41 | 4.17 | 4.64 | — | 5.30 | 7.96 | 6.20 | 8.40 | 7.98 | 9.30 | 9.09 |
| P/B Ratio | 1.08 | 0.79 | 0.74 | 0.61 | 1.03 | 1.25 | 0.99 | 1.42 | 1.23 | 1.44 | 1.35 |
| P/FCF | 21.51 | 16.57 | 31.80 | 15.44 | 12.28 | 23.93 | 16.35 | 27.42 | 15.27 | 25.86 | 26.73 |
| P/OCF | 19.48 | 15.00 | 24.47 | 13.40 | 11.58 | 20.91 | 13.76 | 23.45 | 13.83 | 23.10 | 22.06 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 12.74 | 16.56 | — | 15.09 | 15.84 | 13.99 | 17.34 | 18.46 | 18.82 | 20.21 |
| EV / EBITDA | 30.53 | 27.82 | 43.39 | — | 27.21 | 28.95 | 31.42 | 29.65 | 29.96 | 29.44 | 32.26 |
| EV / EBIT | 33.37 | 30.40 | 50.37 | — | 29.94 | 32.26 | 35.75 | 32.47 | 32.06 | 31.23 | 34.15 |
| EV / FCF | — | 50.64 | 113.56 | 67.17 | 34.98 | 47.61 | 36.87 | 56.60 | 35.35 | 52.35 | 59.41 |
Margins and return-on-capital ratios measuring operating efficiency
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 | 99.6% | 99.6% | 99.2% | 132.8% | 102.2% | 104.4% | 89.2% | 99.7% | 100.0% | 100.0% | 100.4% |
| Operating Margin | 41.9% | 41.9% | 32.9% | 665.6% | 50.4% | 49.1% | 39.1% | 53.4% | 57.6% | 60.3% | 59.2% |
| Net Profit Margin | 34.3% | 34.3% | 23.1% | 486.9% | 39.7% | 38.9% | 31.3% | 41.7% | 46.0% | 39.6% | 40.5% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 6.5% | 6.5% | 3.7% | -9.5% | 7.2% | 6.0% | 4.9% | 6.9% | 7.2% | 6.1% | 5.9% |
| ROA | 0.7% | 0.7% | 0.4% | -1.0% | 0.9% | 0.8% | 0.7% | 1.0% | 1.1% | 0.9% | 0.9% |
| ROIC | 2.0% | 2.0% | 1.2% | -3.1% | 2.7% | 2.4% | 1.8% | 2.5% | 2.5% | 2.5% | 2.1% |
| ROCE | 2.5% | 2.5% | 1.4% | -3.7% | 3.4% | 3.2% | 2.4% | 3.3% | 3.4% | 3.4% | 2.8% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.86 | 1.86 | 2.11 | 2.28 | 1.94 | 1.27 | 1.39 | 1.68 | 1.72 | 1.73 | 1.85 |
| Debt / EBITDA | 21.50 | 21.50 | 34.70 | — | 18.08 | 14.80 | 19.51 | 16.96 | 18.06 | 17.49 | 19.93 |
| Net Debt / Equity | — | 1.62 | 1.90 | 2.04 | 1.90 | 1.24 | 1.25 | 1.51 | 1.62 | 1.48 | 1.64 |
| Net Debt / EBITDA | 18.72 | 18.72 | 31.24 | — | 17.66 | 14.40 | 17.49 | 15.29 | 17.01 | 14.90 | 17.75 |
| Debt / FCF | — | 34.08 | 81.76 | 51.72 | 22.70 | 23.68 | 20.52 | 29.18 | 20.07 | 26.50 | 32.68 |
| Interest Coverage | 0.38 | 0.38 | 0.25 | -0.67 | 1.23 | 1.15 | 0.70 | 0.98 | 1.01 | 1.09 | 1.12 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.17 | 0.17 | 0.18 | 0.27 | 0.26 | 0.31 | 0.28 | 0.25 | 0.15 | 0.14 | 0.15 |
| Quick Ratio | 0.17 | 0.17 | 0.18 | 0.27 | 0.26 | 0.31 | 0.28 | 0.25 | 0.15 | 0.14 | 0.15 |
| Cash Ratio | 0.04 | 0.04 | 0.04 | 0.04 | 0.01 | 0.01 | 0.03 | 0.04 | 0.02 | 0.06 | 0.05 |
| Asset Turnover | — | 0.02 | 0.02 | -0.00 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
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 | 3.9% | 5.4% | 5.8% | 13.1% | 9.2% | 7.6% | 7.3% | 7.1% | 6.9% | 6.0% | 6.0% |
| Payout Ratio | 65.1% | 65.1% | 117.1% | — | 122.1% | 155.0% | 145.4% | 143.2% | 119.6% | 140.2% | 133.9% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 6.0% | 8.2% | 5.0% | — | 7.5% | 4.9% | 5.1% | 4.9% | 5.7% | 4.3% | 4.5% |
| FCF Yield | 4.6% | 6.0% | 3.1% | 6.5% | 8.1% | 4.2% | 6.1% | 3.6% | 6.5% | 3.9% | 3.7% |
| Buyback Yield | 0.4% | 0.5% | 2.5% | 3.7% | 0.0% | 0.3% | 1.6% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 4.3% | 5.8% | 8.4% | 16.7% | 9.2% | 7.9% | 9.0% | 7.1% | 6.9% | 6.0% | 6.0% |
| Shares Outstanding | — | $130M | $131M | $134M | $136M | $135M | $138M | $138M | $135M | $134M | $133M |
Includes 30+ ratios · 28 years · Updated daily
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Quick answers to the most common questions about buying CFFN stock.
Capitol Federal Financial, Inc.'s current P/E ratio is 16.7x. The historical average is 28.9x. This places it at the 12th percentile of its historical range.
Capitol Federal Financial, Inc.'s current EV/EBITDA is 30.5x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 42.3x.
Capitol Federal Financial, Inc.'s return on equity (ROE) is 6.5%. The historical average is 4.8%.
Based on historical data, Capitol Federal Financial, Inc. is trading at a P/E of 16.7x. This is at the 12th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Capitol Federal Financial, Inc.'s current dividend yield is 3.92% with a payout ratio of 65.1%.
Capitol Federal Financial, Inc. has 99.6% gross margin and 41.9% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
Capitol Federal Financial, Inc.'s Debt/EBITDA ratio is 21.5x, indicating high leverage. A ratio above 4x may signal elevated financial risk.
Key Metrics
Top Statement Risk
Inverted yield curve pressure
Metrics are mathematically derived from official filings.
Premium Priced for Stability
CFFN trades at 1.06x book and 16.4x trailing earnings, a premium to thrift peers like KRNY (0.82x P/B) but below HOMB (1.39x), reflecting its fortress capital and lower risk profile.
The P/B multiple implies the market values CFFN's excess capital and stable deposit franchise, but the low ROE (2.3% in 2026Q3) suggests limited earnings power. The forward P/E of 12.4x indicates expectations of improved profitability, likely from commercial loan growth. Compared to peers, CFFN's valuation appears justified by its balance sheet strength, yet the market may be pricing in a slow transformation rather than a catalyst.
ROE Depressed by Capital Surplus
ROE improved to 2.3% in 2026Q3 from 1.3% a year earlier, but remains far below peers like HOMB (11.3%) due to a 11% equity-to-assets ratio, as reported in financial statements.
The DuPont decomposition shows that CFFN's ROE is constrained by its high capital levels, not operational inefficiency. ROA of 0.2% is consistent with a mortgage-heavy, low-margin model, but the equity multiplier is only 9x versus peers at 12-15x. This suggests that if management deploys excess capital into higher-yielding assets or buybacks, ROE could rise meaningfully, but such actions remain uncertain.
NIM Stabilizing at Low Levels
Net interest margin held at 0.6% in 2026Q3, up from 0.4% in 2024Q2, as reported in financial disclosures, while the efficiency ratio improved to 29.4%, indicating strong cost control.
The NIM remains thin due to the inverted yield curve and a portfolio dominated by long-term fixed-rate mortgages. However, the stability suggests that deposit costs are no longer rising faster than asset yields, and NII grew 17.7% year-over-year. The efficiency ratio of 29.4% is exceptionally low, reflecting a low-cost deposit base and disciplined expense management, which partially offsets margin pressure.
Fortress Capital Provides Flexibility
Equity-to-assets ratio stands at 11% in 2026Q3, well above peers like WAFD (9.4%) and KRNY (8.5%), as per financial data, supporting dividend sustainability and potential strategic actions.
CFFN's capital levels are a key differentiator, providing a buffer against credit losses and rate shocks. The high capital also enables continued dividend payments (4.0% yield) and share repurchases, which totaled $24.8M in 2026Q3, slightly exceeding net income of $23.6M. This suggests management is returning capital aggressively, but the sustainability depends on earnings stability.
Benign Credit, Minimal Provisions
Provision for loan losses was $0 in 2026Q3, with cumulative provisions of $2.4M over the past year, as reported in financial statements, indicating stable credit conditions and low charge-offs.
The absence of provisions reflects the high credit quality of the residential mortgage portfolio and the Kansas market's stability. However, the bank's push into commercial lending introduces new credit risks that are not yet reflected in the data. Investors should monitor the loan mix shift for potential deterioration in asset quality metrics.
P/E Misleads on Earnings Power
The P/E ratio of 16.4x is distorted by low earnings due to the inverted yield curve and high capital, as per financial data, obscuring the bank's true earning potential.
For banks, P/E is often misapplied because provisions and securities gains can cause earnings volatility. For CFFN, the low ROE and high capital make P/E appear elevated, but the forward P/E of 12.4x suggests the market expects normalization. A better metric is P/TBV, which at 1.06x reflects the tangible book value and the potential for capital deployment. Analysts should focus on ROTCE and NIM trends rather than headline P/E.