Deluxe Corporation (DLX) Financial Ratios
30 years of historical data (1996–2025) · Communication Services · Advertising Agencies
EV/EBITDA
↓
5.75
↓-25% vs avg
5yr avg: 7.62
30Y Low4.3·High13.1
P/FCF
↓
5.90
↓-38% vs avg
5yr avg: 9.51
30Y Low4.6·High24.1
P/B Ratio
↓
1.53
-8% vs avg
5yr avg: 1.66
30Y Low1.2·High41.7
ROE
↑
13.1%
↓+34% vs avg
5yr avg: 9.7%
30Y Low-30%·High349%
Debt/EBITDA
↓
3.92
↓-20% vs avg
5yr avg: 4.87
30Y Low0.3·High6.0
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
DLX Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Deluxe Corporation trades at 12.7x earnings, 37% below its 5-year average of 20.3x, sitting at the 52nd percentile of its historical range. Compared to the Communication Services sector median P/E of 15.3x, the stock trades at a discount of 17%. On a free-cash-flow basis, the stock trades at 5.9x P/FCF, 38% below the 5-year average of 9.5x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $1.0B | $1.0B | $1.0B | $940M | $735M | $1.4B | $1.2B | $2.1B | $1.8B | $3.7B | $3.5B |
| Enterprise Value | $2.3B | $2.3B | $2.5B | $2.5B | $2.4B | $3.1B | $2.0B | $3.0B | $2.7B | $4.4B | $4.2B |
| P/E Ratio → | 12.74 | 12.41 | 19.14 | 36.36 | 11.32 | 22.14 | 139.05 | — | 11.58 | 16.28 | 15.40 |
| P/S Ratio | 0.48 | 0.48 | 0.48 | 0.43 | 0.33 | 0.68 | 0.69 | 1.07 | 0.90 | 1.89 | 1.90 |
| P/B Ratio | 1.53 | 1.49 | 1.63 | 1.56 | 1.22 | 2.39 | 2.40 | 3.76 | 1.96 | 3.66 | 3.98 |
| P/FCF | 5.90 | 5.80 | 10.11 | 9.63 | 8.46 | 13.52 | 7.94 | 9.76 | 6.52 | 12.78 | 12.87 |
| P/OCF | 3.82 | 3.75 | 5.20 | 4.74 | 3.84 | 6.52 | 5.66 | 7.49 | 5.32 | 10.99 | 10.99 |
P/E links to full P/E history page with 30-year chart
DLX EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Deluxe Corporation's enterprise value stands at 5.7x EBITDA, 25% below its 5-year average of 7.6x. The Communication Services sector median is 9.6x, placing the stock at a 40% 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 | — | 1.06 | 1.20 | 1.16 | 1.07 | 1.53 | 1.11 | 1.50 | 1.33 | 2.22 | 2.27 |
| EV / EBITDA | 5.75 | 5.70 | 7.10 | 7.67 | 7.02 | 10.62 | 13.12 | — | 7.17 | 9.63 | 9.11 |
| EV / EBIT | 8.69 | 9.19 | 12.72 | 15.31 | 13.43 | 20.68 | 39.79 | — | 11.09 | 13.07 | 11.56 |
| EV / FCF | — | 12.86 | 25.43 | 25.95 | 27.63 | 30.37 | 12.82 | 13.65 | 9.59 | 15.02 | 15.37 |
DLX Profitability
Margins and return-on-capital ratios measuring operating efficiency
Deluxe Corporation earns an operating margin of 12.3%, above the Communication Services sector average of 1.6%. Operating margins have expanded from 7.3% to 12.3% over the past 3 years, signaling improving operational efficiency. ROE of 13.1% is modest. ROIC of 9.6% represents adequate returns on invested capital.
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 | 53.0% | 53.0% | 53.1% | 53.0% | 53.9% | 56.3% | 59.2% | 59.5% | 60.4% | 62.2% | 63.9% |
| Operating Margin | 12.3% | 12.3% | 9.1% | 7.3% | 7.6% | 7.0% | 2.3% | -9.4% | 12.0% | 16.8% | 19.9% |
| Net Profit Margin | 4.0% | 4.0% | 2.5% | 1.2% | 2.9% | 3.1% | 0.3% | -11.1% | 7.8% | 11.7% | 12.4% |
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 | 13.1% | 13.1% | 8.6% | 4.3% | 11.1% | 11.5% | 1.0% | -30.0% | 16.1% | 24.3% | 28.2% |
| ROA | 3.0% | 3.0% | 1.8% | 0.8% | 2.1% | 2.5% | 0.3% | -10.5% | 6.9% | 10.5% | 11.4% |
| ROIC | 9.6% | 9.6% | 6.6% | 5.4% | 5.6% | 6.0% | 2.3% | -8.8% | 10.5% | 15.4% | 19.2% |
| ROCE | 11.8% | 11.8% | 8.6% | 7.0% | 7.2% | 7.4% | 2.7% | -10.9% | 12.9% | 18.7% | 25.8% |
DLX Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Deluxe Corporation carries a Debt/EBITDA ratio of 3.9x, which is moderately leveraged (9% above the sector average of 3.6x). Net debt stands at $1.2B ($1.5B total debt minus $311M cash). Interest coverage of just 2.0x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 2.26 | 2.26 | 2.52 | 2.75 | 2.82 | 3.05 | 1.71 | 1.63 | 0.99 | 0.70 | 0.86 |
| Debt / EBITDA | 3.92 | 3.92 | 4.37 | 5.04 | 4.99 | 6.03 | 5.81 | — | 2.46 | 1.56 | 1.65 |
| Net Debt / Equity | — | 1.81 | 2.46 | 2.64 | 2.76 | 2.98 | 1.47 | 1.50 | 0.92 | 0.64 | 0.77 |
| Net Debt / EBITDA | 3.13 | 3.13 | 4.28 | 4.82 | 4.87 | 5.89 | 4.99 | — | 2.30 | 1.43 | 1.48 |
| Debt / FCF | — | 7.06 | 15.32 | 16.32 | 19.17 | 16.85 | 4.88 | 3.89 | 3.08 | 2.23 | 2.50 |
| Interest Coverage | 2.01 | 2.01 | 1.62 | 1.32 | 1.89 | 2.69 | 2.16 | -5.22 | 8.85 | 15.62 | 16.26 |
DLX Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.04x means Deluxe Corporation can comfortably meet its short-term obligations, though there is limited excess liquidity. The current ratio has improved from 0.93x to 1.04x 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 | 1.04 | 1.04 | 0.98 | 0.93 | 0.94 | 0.91 | 1.23 | 1.16 | 1.18 | 0.92 | 0.96 |
| Quick Ratio | 0.98 | 0.98 | 0.92 | 0.88 | 0.87 | 0.86 | 1.13 | 1.06 | 1.05 | 0.82 | 0.86 |
| Cash Ratio | 0.48 | 0.48 | 0.05 | 0.09 | 0.05 | 0.06 | 0.30 | 0.18 | 0.16 | 0.14 | 0.18 |
| Asset Turnover | — | 0.74 | 0.75 | 0.71 | 0.73 | 0.66 | 0.97 | 1.03 | 0.87 | 0.89 | 0.85 |
| Inventory Turnover | 29.92 | 29.92 | 27.35 | 24.46 | 19.75 | 25.32 | 18.21 | 20.36 | 17.05 | 17.56 | 16.61 |
| Days Sales Outstanding | — | 37.66 | 34.55 | 36.15 | 40.02 | 76.94 | 36.60 | 35.65 | 37.33 | 30.87 | 30.13 |
DLX Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Deluxe Corporation returns 5.3% to shareholders annually primarily through dividends. A payout ratio of 64.8% is moderate and appears sustainable, balancing shareholder returns with reinvestment capacity. The earnings yield of 7.8% (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 | 5.3% | 5.4% | 5.4% | 5.7% | 7.2% | 3.8% | 4.1% | 2.4% | 3.1% | 1.6% | 1.7% |
| Payout Ratio | 64.8% | 64.8% | 102.6% | 204.2% | 80.5% | 82.5% | 967.7% | — | 36.3% | 25.2% | 25.6% |
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 | 7.8% | 8.1% | 5.2% | 2.8% | 8.8% | 4.5% | 0.7% | — | 8.6% | 6.1% | 6.5% |
| FCF Yield | 17.0% | 17.3% | 9.9% | 10.4% | 11.8% | 7.4% | 12.6% | 10.2% | 15.3% | 7.8% | 7.8% |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 1.1% | 5.5% | 11.1% | 1.7% | 1.6% |
| Total Shareholder Yield | 5.3% | 5.4% | 5.4% | 5.7% | 7.2% | 3.8% | 5.3% | 7.9% | 14.2% | 3.3% | 3.2% |
| Shares Outstanding | — | $46M | $45M | $44M | $43M | $43M | $42M | $43M | $47M | $48M | $49M |
Peer Comparison
Compare DLX 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 |
|---|---|---|---|---|---|---|---|---|---|
 DLXYou | $1B | 12.7 | 5.7 | 5.9 | 53.0% | 12.3% | 13.1% | 9.6% | 3.9 |
 QUAD | $398M | 14.1 | 3.9 | 7.9 | 18.4% | 4.9% | 30.3% | 17.9% | 2.2 |
 ENVA | $5B | 17.5 | 12.2 | 2.9 | 50.1% | 23.5% | 24.3% | 10.4% | 5.8 |
 CASS | $639M | 19.0 | 6.5 | 20.1 | 100.0% | 20.3% | 14.9% | — | 0.1 |
 FISV | $26B | 7.5 | 6.1 | 5.9 | 59.4% | 26.9% | 13.0% | 8.1% | 3.3 |
 FIS | $20B | 50.9 | 6.4 | 7.0 | 36.9% | 16.5% | 2.6% | 6.0% | 1.1 |
 JKHY | $9B | 20.2 | 11.7 | 15.5 | 42.7% | 23.9% | 21.4% | 21.0% | — |
 EVTC | $2B | 11.7 | 7.8 | 11.7 | 49.7% | 20.0% | 23.0% | 10.2% | 3.7 |
 PRAA | $570M | -1.9 | 1.2 | — | 99.2% | 33.9% | -27.3% | 11.2% | 0.1 |
 JPM | $909B | 16.2 | 18.5 | 9.0 | 59.9% | 26.0% | 16.1% | 4.5% | 11.6 |
 BAC | $424B | 14.7 | 14.0 | 33.6 | 56.1% | 19.7% | 10.2% | 3.5% | 9.1 |
| Communication Services Median | — | 15.3 | 9.6 | 11.4 | 48.5% | 1.6% | 2.0% | 2.6% | 3.6 |
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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DLX — Frequently Asked Questions
Quick answers to the most common questions about buying DLX stock.
What is Deluxe Corporation's P/E ratio?
Deluxe Corporation's current P/E ratio is 12.7x. The historical average is 20.7x. This places it at the 52th percentile of its historical range.
What is Deluxe Corporation's EV/EBITDA?
Deluxe Corporation's current EV/EBITDA is 5.7x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 7.2x.
What is Deluxe Corporation's ROE?
Deluxe Corporation's return on equity (ROE) is 13.1%. The historical average is 61.5%.
Is DLX stock overvalued?
Based on historical data, Deluxe Corporation is trading at a P/E of 12.7x. This is at the 52th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Deluxe Corporation's dividend yield?
Deluxe Corporation's current dividend yield is 5.29% with a payout ratio of 64.8%.
What are Deluxe Corporation's profit margins?
Deluxe Corporation has 53.0% gross margin and 12.3% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does Deluxe Corporation have?
Deluxe Corporation's Debt/EBITDA ratio is 3.9x, indicating high leverage. A ratio between 2-4x is manageable but warrants monitoring.