30 years of historical data (1995–2024) · Financial Services · Financial - Credit Services
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Capital One Financial Corporation trades at 16.9x earnings, 51% above its 5-year average of 11.2x, sitting at the 72nd percentile of its historical range. Compared to the Financial Services sector median P/E of 13.8x, the stock trades at a premium of 23%. On a free-cash-flow basis, the stock trades at 7.3x P/FCF, 106% above the 5-year average of 3.6x.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $124.4B | $68.4B | $50.3B | $36.6B | $64.4B | $45.4B | $48.4B | $36.5B | $48.7B | $44.5B | $39.6B |
| Enterprise Value | $126.7B | $70.7B | $56.8B | $54.4B | $85.8B | $45.4B | $90.6B | $82.2B | $94.9B | $95.0B | $90.6B |
| P/E Ratio → | 16.88 | 15.39 | 10.97 | 5.19 | 5.39 | 19.08 | 9.31 | 6.07 | 28.53 | 12.66 | 10.21 |
| P/S Ratio | 2.31 | 1.27 | 1.02 | 0.95 | 2.01 | 1.43 | 1.43 | 1.15 | 1.62 | 1.62 | 1.58 |
| P/B Ratio | 1.23 | 1.13 | 0.87 | 0.70 | 1.06 | 0.75 | 0.83 | 0.71 | 1.00 | 0.94 | 0.84 |
| P/FCF | 7.34 | 4.03 | 2.56 | 2.84 | 5.55 | 2.84 | 3.07 | 3.02 | 3.70 | 4.02 | 4.12 |
| P/OCF | 6.85 | 3.77 | 2.44 | 2.65 | 5.24 | 2.72 | 2.91 | 2.81 | 3.43 | 3.75 | 3.91 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
Capital One Financial Corporation's enterprise value stands at 13.9x EBITDA, 135% above its 5-year average of 5.9x. The Financial Services sector median is 11.1x, placing the stock at a 25% 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 | — | 1.31 | 1.15 | 1.42 | 2.68 | 1.43 | 2.68 | 2.58 | 3.16 | 3.45 | 3.62 |
| EV / EBITDA | 13.85 | 7.73 | 6.13 | 4.37 | 4.45 | 6.77 | 8.88 | 8.47 | 11.96 | 12.01 | 11.36 |
| EV / EBIT | 21.44 | 11.97 | 9.40 | 5.89 | 5.43 | 14.17 | 13.19 | 11.24 | 17.28 | 17.32 | 15.41 |
| EV / FCF | — | 4.17 | 2.90 | 4.23 | 7.39 | 2.84 | 5.75 | 6.79 | 7.21 | 8.58 | 9.45 |
Margins and return-on-capital ratios measuring operating efficiency
Capital One Financial Corporation earns an operating margin of 11.0%, below the Financial Services sector average of 21.9%. Operating margins have compressed from 24.1% to 11.0% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 8.0% is modest, trailing the sector median of 9.1%. ROIC of 4.1% represents below-average returns on invested capital versus a sector median of 5.4%.
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 | 50.8% | 50.8% | 53.3% | 74.0% | 101.1% | 57.7% | 66.2% | 68.1% | 65.6% | 69.2% | 75.4% |
| Operating Margin | 11.0% | 11.0% | 12.2% | 24.1% | 49.4% | 10.1% | 20.4% | 23.0% | 18.3% | 19.9% | 23.5% |
| Net Profit Margin | 8.8% | 8.8% | 9.9% | 19.2% | 38.7% | 8.6% | 16.4% | 18.9% | 6.6% | 13.6% | 16.2% |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 8.0% | 8.0% | 8.8% | 13.0% | 20.4% | 4.6% | 10.1% | 12.0% | 4.1% | 7.9% | 8.8% |
| ROA | 1.0% | 1.0% | 1.0% | 1.7% | 2.9% | 0.7% | 1.5% | 1.6% | 0.5% | 1.1% | 1.3% |
| ROIC | 4.1% | 4.1% | 4.3% | 6.7% | 11.6% | 2.2% | 4.6% | 5.0% | 3.8% | 3.8% | 4.4% |
| ROCE | 4.6% | 4.6% | 4.8% | 7.7% | 13.4% | 2.7% | 5.9% | 6.5% | 5.1% | 5.6% | 6.0% |
Solvency and debt-coverage ratios — lower is generally safer
Capital One Financial Corporation carries a Debt/EBITDA ratio of 5.0x, which is highly leveraged (21% above the sector average of 4.1x). Net debt stands at $2.3B ($45.6B total debt minus $43.2B cash). Interest coverage of just 0.4x 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 | 0.75 | 0.75 | 0.86 | 0.93 | 0.71 | 0.67 | 0.96 | 1.14 | 1.24 | 1.27 | 1.25 |
| Debt / EBITDA | 4.98 | 4.98 | 5.38 | 3.92 | 2.23 | 6.05 | 5.45 | 6.06 | 7.60 | 7.65 | 7.41 |
| Net Debt / Equity | — | 0.04 | 0.11 | 0.34 | 0.35 | 0.00 | 0.73 | 0.88 | 0.95 | 1.06 | 1.08 |
| Net Debt / EBITDA | 0.25 | 0.25 | 0.71 | 1.44 | 1.11 | 0.00 | 4.14 | 4.71 | 5.83 | 6.38 | 6.40 |
| Debt / FCF | — | 0.14 | 0.33 | 1.39 | 1.84 | 0.00 | 2.68 | 3.78 | 3.51 | 4.56 | 5.32 |
| Interest Coverage | 0.40 | 0.40 | 0.48 | 2.24 | 9.89 | 1.03 | 1.33 | 1.70 | 1.99 | 2.72 | 3.62 |
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.14x is below 1.0, meaning current liabilities exceed current assets — though the company's $43.2B cash position helps mitigate short-term liquidity concerns. The current ratio has declined from 0.33x to 0.14x 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 | 0.14 | 0.14 | 0.36 | 0.33 | 0.38 | 0.46 | 0.35 | 0.23 | 0.21 | 0.20 | 0.20 |
| Quick Ratio | 0.14 | 0.14 | 0.36 | 0.33 | 0.38 | 0.46 | 0.35 | 0.23 | 0.21 | 0.20 | 0.20 |
| Cash Ratio | 0.12 | 0.12 | 0.12 | 0.09 | 0.07 | 0.13 | 0.05 | 0.05 | 0.06 | 0.04 | 0.03 |
| Asset Turnover | — | 0.11 | 0.10 | 0.08 | 0.07 | 0.08 | 0.09 | 0.09 | 0.08 | 0.08 | 0.07 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Capital One Financial Corporation returns 1.8% to shareholders annually — split between a 1.2% dividend yield and 0.6% buyback yield. The payout ratio of 19.6% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 5.9% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
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 | 1.2% | 1.4% | 1.9% | 2.6% | 1.8% | 1.0% | 1.6% | 2.1% | 1.6% | 1.8% | 2.1% |
| Payout Ratio | 19.6% | 19.6% | 19.1% | 12.9% | 9.3% | 16.9% | 13.6% | 12.9% | 39.4% | 21.6% | 20.1% |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 5.9% | 6.5% | 9.1% | 19.3% | 18.6% | 5.2% | 10.7% | 16.5% | 3.5% | 7.9% | 9.8% |
| FCF Yield | 13.6% | 24.8% | 39.0% | 35.2% | 18.0% | 35.2% | 32.6% | 33.1% | 27.1% | 24.9% | 24.3% |
| Buyback Yield | 0.6% | 1.1% | 1.4% | 13.5% | 15.1% | 3.9% | 5.1% | 6.3% | 0.5% | 8.2% | 6.2% |
| Total Shareholder Yield | 1.8% | 2.4% | 3.3% | 16.1% | 16.8% | 4.9% | 6.7% | 8.4% | 2.1% | 10.1% | 8.2% |
| Shares Outstanding | — | $384M | $383M | $393M | $444M | $459M | $470M | $483M | $489M | $510M | $548M |
Compare COF 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 |
|---|---|---|---|---|---|---|---|---|---|
| COFYou | $124B | 16.9 | 13.9 | 7.3 | 50.8% | 11.0% | 8.0% | 4.1% | 5.0 |
| SYF | $25B | 8.1 | 5.1 | 2.5 | 45.2% | 21.9% | 23.0% | 11.0% | 3.1 |
| SYF-PB | $9B | 3.1 | 2.0 | 1.0 | 45.2% | 21.9% | 23.0% | 11.0% | 3.1 |
| OMF | $7B | 8.4 | 12.1 | 2.1 | 69.5% | 37.5% | 23.8% | 6.9% | 9.7 |
| ENVA | $3B | 12.0 | 10.1 | 1.9 | 50.1% | 23.5% | 24.3% | 10.4% | 5.8 |
| FINV | $3B | 4.3 | 6.6 | 7.6 | 79.3% | 19.4% | 16.2% | 12.9% | 0.0 |
| BFH | $3B | 12.9 | 10.7 | 1.6 | 50.9% | 7.9% | 9.3% | 3.3% | 12.1 |
| AHG | $2B | -3.0 | — | 2306.8 | -1.9% | -1125.4% | -80.0% | -73.9% | — |
| LU | $2B | 5.8 | 1.3 | 1.0 | 69.5% | 35.5% | 0.9% | 7.7% | 2.9 |
| XYF | $1B | 0.2 | 3.2 | 5.7 | 66.6% | 31.9% | 24.1% | 20.5% | 0.2 |
| ATLC | $791M | 11.0 | 20.3 | 1.7 | 21.6% | 10.6% | 25.2% | 3.8% | 17.4 |
| Financial Services Median | — | 13.8 | 11.1 | 11.2 | 60.2% | 21.9% | 9.1% | 5.4% | 4.1 |
Peers based on L4 peer group classification. Compare multiple stocks →
Includes 30+ ratios · 30 years · Updated daily
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Start ComparisonCapital One Financial Corporation's current P/E ratio is 16.9x. The historical average is 15.2x. This places it at the 72th percentile of its historical range.
Capital One Financial Corporation's current EV/EBITDA is 13.9x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 13.5x.
Capital One Financial Corporation's return on equity (ROE) is 8.0%. The historical average is 14.2%.
Based on historical data, Capital One Financial Corporation is trading at a P/E of 16.9x. This is at the 72th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Capital One Financial Corporation's current dividend yield is 1.24% with a payout ratio of 19.6%.
Capital One Financial Corporation has 50.8% gross margin and 11.0% operating margin. Operating margin between 10-20% is typical for established companies.
Capital One Financial Corporation's Debt/EBITDA ratio is 5.0x, indicating high leverage. A ratio above 4x may signal elevated financial risk.