Latest Ratios: P/E Ratio 9.5x · EV/EBITDA 4.4x · ROE 24.3%. (1996–2025 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 | $2.5B | $3.5B | $4.9B | $5.2B | $5.0B | $6.4B | $7.6B | $8.7B | $5.6B | $4.6B | $3.9B |
| Enterprise Value | $2.9B | $3.9B | $5.1B | $5.5B | $5.2B | $6.2B | $7.4B | $8.7B | $5.2B | $4.3B | $3.8B |
| P/E Ratio → | 9.45 | 11.13 | 15.94 | 18.45 | 21.40 | 90.28 | — | 24.97 | 24.03 | 29.57 | 22.42 |
| P/S Ratio | 0.58 | 0.82 | 1.24 | 1.42 | 1.50 | 2.13 | 3.07 | 3.15 | 2.20 | 2.06 | 2.00 |
| P/B Ratio | 2.24 | 2.63 | 4.02 | 4.19 | 4.05 | 5.08 | 5.28 | 5.48 | 4.54 | 3.87 | 4.34 |
| P/FCF | 5.99 | 8.48 | 8.03 | 9.54 | 7.83 | 20.29 | 48.96 | 23.18 | 19.64 | 24.57 | 12.86 |
| P/OCF | 4.59 | 6.50 | 6.75 | 8.14 | 6.74 | 15.69 | 30.10 | 17.15 | 14.08 | 16.22 | 9.99 |
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 | — | 0.93 | 1.28 | 1.48 | 1.54 | 2.06 | 2.98 | 3.15 | 2.04 | 1.90 | 1.93 |
| EV / EBITDA | 4.38 | 5.91 | 8.04 | 9.67 | 9.91 | 19.27 | 42.64 | 14.78 | 11.17 | 11.87 | 11.47 |
| EV / EBIT | 5.52 | 7.41 | 9.65 | 12.00 | 14.34 | 27.69 | 48.32 | 18.25 | 14.19 | 14.28 | 15.16 |
| EV / FCF | — | 9.61 | 8.29 | 9.97 | 8.02 | 19.61 | 47.50 | 23.24 | 18.19 | 22.67 | 12.46 |
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 | 41.3% | 41.3% | 23.8% | 23.4% | 24.0% | 36.6% | 20.2% | 43.4% | 41.3% | 39.8% | 40.0% |
| Operating Margin | 12.5% | 12.5% | 12.6% | 11.7% | 11.5% | 6.1% | 1.9% | 17.3% | 14.1% | 11.8% | 12.8% |
| Net Profit Margin | 7.3% | 7.3% | 7.7% | 7.6% | 6.9% | 2.4% | -0.1% | 12.6% | 9.2% | 7.0% | 8.9% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 24.3% | 24.3% | 24.7% | 22.4% | 18.5% | 5.2% | -0.2% | 24.7% | 19.1% | 14.9% | 20.2% |
| ROA | 5.0% | 5.0% | 5.2% | 5.0% | 4.6% | 1.5% | -0.1% | 8.7% | 7.2% | 5.4% | 7.1% |
| ROIC | 25.0% | 25.0% | 26.3% | 22.8% | 24.1% | 12.2% | 2.5% | 29.5% | 32.3% | 24.6% | 23.8% |
| ROCE | 20.2% | 20.2% | 17.3% | 13.9% | 13.0% | 6.2% | 1.5% | 19.1% | 19.5% | 16.3% | 17.7% |
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 | 1.65 | 1.65 | 1.70 | 1.61 | 1.42 | 1.27 | 1.11 | 0.93 | 0.52 | 0.38 | 0.67 |
| Debt / EBITDA | 3.26 | 3.26 | 3.28 | 3.56 | 3.39 | 4.97 | 9.24 | 2.51 | 1.38 | 1.28 | 1.83 |
| Net Debt / Equity | — | 0.35 | 0.13 | 0.19 | 0.10 | -0.17 | -0.16 | 0.01 | -0.33 | -0.30 | -0.14 |
| Net Debt / EBITDA | 0.69 | 0.69 | 0.25 | 0.41 | 0.23 | -0.67 | -1.31 | 0.04 | -0.89 | -0.99 | -0.37 |
| Debt / FCF | — | 1.13 | 0.26 | 0.43 | 0.18 | -0.69 | -1.46 | 0.06 | -1.45 | -1.90 | -0.41 |
| Interest Coverage | 6.30 | 6.30 | 6.58 | 8.20 | 9.60 | 5.81 | 4.19 | 13.16 | 9.68 | 9.26 | 8.73 |
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 | 1.11 | 1.11 | 1.25 | 1.54 | 1.58 | 1.79 | 1.81 | 1.79 | 1.51 | 1.34 | 1.35 |
| Quick Ratio | 1.11 | 1.11 | 1.25 | 1.54 | 1.58 | 1.79 | 1.81 | 1.79 | 1.51 | 1.27 | 1.28 |
| Cash Ratio | 0.44 | 0.44 | 0.60 | 0.66 | 0.70 | 0.97 | 0.99 | 0.89 | 0.76 | 0.58 | 0.62 |
| Asset Turnover | — | 0.65 | 0.68 | 0.63 | 0.62 | 0.63 | 0.50 | 0.59 | 0.76 | 0.72 | 0.72 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | 14.17 | 15.04 |
| Days Sales Outstanding | — | 28.77 | 26.06 | 36.68 | 29.43 | 24.74 | 17.28 | 26.80 | 29.14 | 120.71 | 93.74 |
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 | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 10.6% | 9.0% | 6.3% | 5.4% | 4.7% | 1.1% | — | 4.0% | 4.2% | 3.4% | 4.5% |
| FCF Yield | 16.7% | 11.8% | 12.4% | 10.5% | 12.8% | 4.9% | 2.0% | 4.3% | 5.1% | 4.1% | 7.8% |
| Buyback Yield | 27.1% | 19.2% | 5.4% | 7.2% | 3.5% | 3.6% | 3.2% | 0.9% | 3.2% | 0.1% | 2.0% |
| Total Shareholder Yield | 27.1% | 19.2% | 5.4% | 7.2% | 3.5% | 3.6% | 3.2% | 0.9% | 3.2% | 0.1% | 2.0% |
| Shares Outstanding | — | $46M | $48M | $52M | $53M | $54M | $53M | $55M | $55M | $55M | $54M |
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying EEFT stock.
Euronet Worldwide, Inc.'s current P/E ratio is 9.5x. The historical average is 35.1x.
Euronet Worldwide, Inc.'s current EV/EBITDA is 4.4x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 14.2x.
Euronet Worldwide, Inc.'s return on equity (ROE) is 24.3%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is -17.7%.
Based on historical data, Euronet Worldwide, Inc. is trading at a P/E of 9.5x. Compare with industry peers and growth rates for a complete picture.
Euronet Worldwide, Inc. has 41.3% gross margin and 12.5% operating margin. Operating margin between 10-20% is typical for established companies.
Euronet Worldwide, Inc.'s Debt/EBITDA ratio is 3.3x, indicating high leverage. A ratio between 2-4x is manageable but warrants monitoring.
Key Metrics
Top Statement Risk
Margin compression and earnings volatility
Metrics are mathematically derived from official filings.
Deep Value Discount Amidst Operational Strain
Euronet trades at a significant discount to peers with a forward P/E of 6.48 and EV/EBITDA of 3.26, suggesting the market is pricing in severe operational challenges and the recent collapse in profitability.
The valuation multiples are exceptionally low relative to peers like EVERTEC (EV/EBITDA 8.59) and Shift4 (EV/EBITDA 8.40), indicating the market is not just pricing in a cyclical downturn but a potential structural impairment to the business model. The P/E of 10.16 appears misleading given the extreme volatility in quarterly earnings, which swung from a loss to a profit in consecutive quarters. This deep discount warrants investigation into whether the market is correctly assessing the sustainability of the company's core transaction-based revenue streams.
Gross Margin Collapse Erodes Earning Power
Gross margin has plummeted to 12.4% in 2026Q2 from a peak of 43.8% in 2025Q3, a dramatic compression that appears to fundamentally alter the company's profitability profile and suggests a severe shift in cost structure or pricing power.
The collapse in gross margin is the most critical development, as it directly undermines the company's ability to generate operating leverage. Operating margin has followed suit, falling to 12.4% from 17.0%, indicating that cost growth is now outpacing revenue gains. This pattern suggests the company may be facing intense competitive pressure or absorbing significant new costs, making the prior high-margin quarters appear anomalous rather than representative of sustainable earning power.
Return on Capital Deteriorates Sharply
ROIC has declined from a healthy 9.1% in 2024Q3 to just 4.4% in 2026Q2, indicating a significant erosion in the company's ability to generate returns on its invested capital base.
The decline in ROIC is driven by both margin compression and a less efficient capital base, as asset turnover has remained stagnant around 0.17. This trend is particularly concerning because it suggests the company is not only less profitable but also less efficient at deploying its assets. The current return level appears insufficient to cover the company's cost of capital, implying potential value destruction if the trend persists.
Leverage Rises as Cash Flow Weakens
The debt-to-equity ratio has climbed to 2.25 in 2026Q2 from 1.68 in 2024Q1, a trend that appears driven by debt-funded share repurchases and is now coinciding with a swing to negative free cash flow.
The increasing leverage is a significant concern given the deteriorating cash flow profile. While interest coverage remains adequate at 6.51x, the trend is negative, falling from 9.61x in 2024Q3. The combination of higher leverage and negative free cash flow suggests the company's financial flexibility is diminishing, and it may become more reliant on external financing or asset sales to fund operations and shareholder returns.
The Misleading Signal of the P/E Ratio
The P/E ratio of 10.16 is the most commonly misapplied metric for Euronet, as it obscures the extreme volatility and recent collapse in underlying profitability, making the stock appear cheaper than its fundamental earnings power warrants.
Investors focusing on the low P/E may be misled because it is based on trailing earnings that include quarters with drastically different margin profiles. The forward P/E of 6.48 is more informative but still relies on uncertain future profitability. A more appropriate metric would be EV/EBITDA, which better captures the company's operating cash flow generation and capital structure, though even this is under pressure from the margin collapse. The P/E ratio fails to account for the significant risk that the current low-margin environment may persist.