Diamond Hill Investment Group, Inc. (DHIL) Financial Ratios
30 years of historical data (1996–2025) · Financial Services · Asset Management
EV/EBITDA
↑
110.39
↑+279% vs avg
5yr avg: 29.13
30Y Low2.2·High40.3
P/FCF
↑
N/A
—
5yr avg: 20.32
30Y Low7.8·High42.8
P/B Ratio
↓
2.70
-7% vs avg
5yr avg: 2.92
30Y Low1.0·High27.0
ROE
↓
28.8%
↓+3% vs avg
5yr avg: 27.9%
30Y Low-49%·High112%
Debt/EBITDA
↑
103.41
↑+200% vs avg
5yr avg: 34.52
30Y Low0.0·High0.1
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
DHIL Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Diamond Hill Investment Group, Inc. trades at 9.8x earnings, 9% below its 5-year average of 10.7x, sitting at the 13th percentile of its historical range. Compared to the Financial Services sector median P/E of 13.3x, the stock trades at a discount of 27%.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $473M | $462M | $428M | $488M | $575M | $618M | $480M | $483M | $525M | $713M | $718M |
| Enterprise Value | $6.8B | $6.8B | $392M | $442M | $512M | $537M | $381M | $390M | $441M | $637M | $661M |
| P/E Ratio → | 9.77 | 9.46 | 9.90 | 11.56 | 14.22 | 8.32 | 12.41 | 8.78 | 11.34 | 14.27 | 15.60 |
| P/S Ratio | 3.00 | 2.92 | 2.83 | 3.57 | 3.72 | 3.39 | 3.80 | 3.53 | 3.61 | 4.91 | 5.28 |
| P/B Ratio | 2.70 | 2.62 | 2.63 | 3.05 | 3.23 | 3.05 | 2.48 | 2.33 | 2.03 | 3.71 | 4.69 |
| P/FCF | — | — | 28.08 | 14.09 | 14.60 | 24.50 | 8.37 | 8.58 | 19.21 | 11.93 | 36.67 |
| P/OCF | — | — | 25.77 | 14.08 | 14.56 | 23.47 | 8.03 | 8.47 | 18.67 | 11.71 | 35.78 |
P/E links to full P/E history page with 30-year chart
DHIL EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Diamond Hill Investment Group, Inc.'s enterprise value stands at 110.4x EBITDA, 279% above its 5-year average of 29.1x. The Financial Services sector median is 11.4x, placing the stock at a 867% premium 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 | — | 43.19 | 2.60 | 3.23 | 3.31 | 2.95 | 3.02 | 2.85 | 3.03 | 4.39 | 4.86 |
| EV / EBITDA | 110.39 | 110.20 | 8.70 | 12.01 | 7.79 | 6.93 | 8.20 | 7.93 | 6.09 | 9.38 | 10.36 |
| EV / EBIT | 112.55 | 101.34 | 8.94 | 12.45 | 7.96 | 7.04 | 8.37 | 8.13 | 6.19 | 9.50 | 10.48 |
| EV / FCF | — | — | 25.76 | 12.76 | 13.00 | 21.30 | 6.65 | 6.92 | 16.12 | 10.65 | 33.75 |
DHIL Profitability
Margins and return-on-capital ratios measuring operating efficiency
Diamond Hill Investment Group, Inc. earns an operating margin of 38.4%, significantly above the Financial Services sector average of 21.4%. Operating margins have expanded from 26.0% to 38.4% over the past 3 years, signaling improving operational efficiency. ROE of 28.8% indicates solid capital efficiency, compared to the sector median of 9.5%. ROIC of 1.3% 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 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 96.0% | 96.0% | 45.1% | 41.8% | 55.1% | 53.8% | 49.5% | 49.1% | 60.5% | 59.3% | 58.7% |
| Operating Margin | 38.4% | 38.4% | 29.0% | 26.0% | 41.6% | 41.9% | 36.0% | 35.1% | 48.9% | 46.1% | 46.3% |
| Net Profit Margin | 30.9% | 30.9% | 28.6% | 30.9% | 26.2% | 40.7% | 30.6% | 40.2% | 32.5% | 34.4% | 33.8% |
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 | 28.8% | 28.8% | 26.7% | 25.0% | 21.3% | 37.5% | 19.3% | 23.6% | 21.0% | 28.9% | 35.6% |
| ROA | 19.3% | 19.3% | 18.1% | 17.5% | 15.1% | 27.0% | 14.4% | 18.4% | 16.4% | 22.2% | 26.7% |
| ROIC | 1.3% | 1.3% | 20.0% | 15.7% | 25.4% | 28.9% | 17.1% | 15.5% | 23.7% | 29.1% | 36.6% |
| ROCE | 26.0% | 26.0% | 21.7% | 17.5% | 28.7% | 32.7% | 19.6% | 18.5% | 28.9% | 35.2% | 44.6% |
DHIL Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Diamond Hill Investment Group, Inc. carries a Debt/EBITDA ratio of 103.4x, which is highly leveraged (2409% above the sector average of 4.1x). Net debt stands at $6.4B ($6.4B total debt minus $42M cash).
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 36.26 | 36.26 | 0.04 | 0.00 | — | — | — | — | — | — | — |
| Debt / EBITDA | 103.41 | 103.41 | 0.14 | 0.02 | — | — | — | — | — | — | — |
| Net Debt / Equity | — | 36.03 | -0.22 | -0.29 | -0.36 | -0.40 | -0.51 | -0.45 | -0.33 | -0.40 | -0.37 |
| Net Debt / EBITDA | 102.74 | 102.74 | -0.78 | -1.26 | -0.96 | -1.04 | -2.12 | -1.90 | -1.17 | -1.13 | -0.90 |
| Debt / FCF | — | — | -2.32 | -1.33 | -1.60 | -3.20 | -1.72 | -1.66 | -3.09 | -1.28 | -2.92 |
| Interest Coverage | — | — | — | — | — | — | — | — | — | — | — |
DHIL Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Diamond Hill Investment Group, Inc.'s current ratio of 75115.85x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The current ratio has improved from 2.01x to 75115.85x 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 | 75115.85 | 75115.85 | 1.81 | 2.01 | 2.07 | 2.22 | 3.28 | 3.32 | 2.38 | 2.73 | 2.43 |
| Quick Ratio | 75115.85 | 75115.85 | 1.81 | 2.01 | 2.07 | 2.22 | 3.28 | 3.32 | 2.38 | 2.73 | 2.43 |
| Cash Ratio | 50.69 | 50.69 | 1.12 | 1.35 | 1.53 | 1.73 | 2.71 | 2.64 | 1.87 | 2.05 | 1.76 |
| Asset Turnover | — | 0.61 | 0.62 | 0.59 | 0.62 | 0.64 | 0.48 | 0.50 | 0.45 | 0.58 | 0.68 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
DHIL Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Diamond Hill Investment Group, Inc. returns 9.3% to shareholders annually — split between a 5.7% dividend yield and 3.6% buyback yield. A payout ratio of 55.8% is moderate and appears sustainable, balancing shareholder returns with reinvestment capacity. The earnings yield of 10.2% (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 | 5.7% | 5.9% | 3.9% | 3.6% | 5.3% | 11.8% | 7.9% | 6.3% | 5.3% | 3.4% | 2.8% |
| Payout Ratio | 55.8% | 55.8% | 38.3% | 41.9% | 75.9% | 98.3% | 98.2% | 55.1% | 59.3% | 48.6% | 44.4% |
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 | 10.2% | 10.6% | 10.1% | 8.6% | 7.0% | 12.0% | 8.1% | 11.4% | 8.8% | 7.0% | 6.4% |
| FCF Yield | — | — | 3.6% | 7.1% | 6.8% | 4.1% | 11.9% | 11.7% | 5.2% | 8.4% | 2.7% |
| Buyback Yield | 3.6% | 3.7% | 8.5% | 8.1% | 7.3% | 1.5% | 4.3% | 8.3% | 1.7% | 0.7% | 1.4% |
| Total Shareholder Yield | 9.3% | 9.5% | 12.4% | 11.8% | 12.7% | 13.3% | 12.2% | 14.6% | 7.1% | 4.1% | 4.2% |
| Shares Outstanding | — | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $4M | $3M | $3M |
Peer Comparison
Compare DHIL 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 |
|---|---|---|---|---|---|---|---|---|---|
 DHILYou | $473M | 9.8 | 110.4 | — | 96.0% | 38.4% | 28.8% | 1.3% | 103.4 |
 VRTS | $959M | 7.2 | 16.2 | — | 74.9% | 17.4% | 13.5% | 3.0% | 13.9 |
 GROW | $35M | -104.0 | — | — | 41.7% | -35.3% | -0.7% | -4.7% | — |
 HNNA | $79M | 7.8 | 3.5 | 5.9 | 70.1% | 37.0% | 10.5% | 7.3% | 3.0 |
 CSWC | $1B | 16.5 | 27.6 | — | 66.5% | 48.5% | 8.6% | 3.5% | 11.2 |
 AMG | $8B | 13.4 | 10.8 | 8.1 | 86.0% | 31.8% | 15.8% | 8.1% | 2.8 |
 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 |
 APAM | $3B | 9.3 | 6.9 | 15.5 | 45.7% | 33.4% | 37.9% | 26.7% | 1.0 |
 MORN | $6B | 18.8 | 10.1 | 14.3 | 61.0% | 21.5% | 26.3% | 15.3% | 2.0 |
 BLK | $163B | 25.0 | 20.3 | 34.6 | 49.4% | 37.1% | 14.1% | 9.9% | 1.8 |
| 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 →
Download Financial Ratios Data
Includes 30+ ratios · 30 years · Updated daily
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Side-by-side business, growth, and profitability comparison vs Virtus Investment Partners, Inc..
Start ComparisonDHIL — Frequently Asked Questions
Quick answers to the most common questions about buying DHIL stock.
What is Diamond Hill Investment Group, Inc.'s P/E ratio?
Diamond Hill Investment Group, Inc.'s current P/E ratio is 9.8x. The historical average is 16.8x. This places it at the 13th percentile of its historical range.
What is Diamond Hill Investment Group, Inc.'s EV/EBITDA?
Diamond Hill Investment Group, Inc.'s current EV/EBITDA is 110.4x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 8.7x.
What is Diamond Hill Investment Group, Inc.'s ROE?
Diamond Hill Investment Group, Inc.'s return on equity (ROE) is 28.8%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 27.6%.
Is DHIL stock overvalued?
Based on historical data, Diamond Hill Investment Group, Inc. is trading at a P/E of 9.8x. This is at the 13th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Diamond Hill Investment Group, Inc.'s dividend yield?
Diamond Hill Investment Group, Inc.'s current dividend yield is 5.71% with a payout ratio of 55.8%.
What are Diamond Hill Investment Group, Inc.'s profit margins?
Diamond Hill Investment Group, Inc. has 96.0% gross margin and 38.4% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does Diamond Hill Investment Group, Inc. have?
Diamond Hill Investment Group, Inc.'s Debt/EBITDA ratio is 103.4x, indicating high leverage. A ratio above 4x may signal elevated financial risk.