Latest Ratios: P/E Ratio 30.1x · EV/EBITDA 13.6x · ROE 13.7%. (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 | $22.3B | $26.9B | $31.8B | $30.6B | $24.0B | $36.2B | $23.7B | $16.9B | $11.3B | $14.3B | $14.3B |
| Enterprise Value | $27.2B | $31.8B | $36.7B | $36.1B | $29.5B | $41.3B | $26.4B | $19.9B | $13.7B | $16.7B | $16.9B |
| P/E Ratio → | 30.14 | 40.79 | 52.65 | 56.20 | 34.40 | 48.64 | 45.48 | — | 37.70 | 24.41 | 29.26 |
| P/S Ratio | 3.38 | 4.43 | 5.60 | 5.82 | 4.68 | 7.35 | 5.74 | 4.83 | 3.31 | 4.26 | 4.55 |
| P/B Ratio | 4.97 | 5.68 | 6.47 | 6.54 | 6.03 | 10.05 | 7.38 | 6.46 | 3.58 | 4.42 | 5.26 |
| P/FCF | 20.18 | 23.74 | 39.15 | 59.44 | 180.73 | 41.80 | 45.11 | — | 32.28 | 23.97 | 23.19 |
| P/OCF | 13.79 | 16.67 | 24.03 | 27.43 | 31.65 | 27.11 | 25.03 | 53.99 | 16.82 | 17.56 | 18.25 |
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 | — | 5.24 | 6.45 | 6.86 | 5.75 | 8.38 | 6.39 | 5.68 | 4.02 | 4.97 | 5.36 |
| EV / EBITDA | 13.59 | 17.47 | 21.29 | 23.26 | 18.14 | 25.35 | 24.51 | 10485.16 | 17.96 | 14.87 | 15.41 |
| EV / EBIT | 24.82 | 27.89 | 35.27 | 37.67 | 26.48 | 37.69 | 31.90 | — | 28.95 | 19.89 | 20.55 |
| EV / FCF | — | 28.07 | 45.11 | 70.09 | 222.22 | 47.65 | 50.25 | — | 39.16 | 27.93 | 27.30 |
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 | 56.4% | 56.4% | 55.7% | 55.7% | 57.5% | 59.8% | 57.9% | 56.6% | 57.8% | 64.0% | 64.6% |
| Operating Margin | 18.0% | 18.0% | 18.3% | 17.7% | 20.6% | 23.1% | 16.4% | -9.6% | 13.1% | 24.7% | 26.2% |
| Net Profit Margin | 10.9% | 10.9% | 10.6% | 10.4% | 13.6% | 15.1% | 12.6% | -11.0% | 9.1% | 17.5% | 15.5% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 13.7% | 13.7% | 12.6% | 12.6% | 18.4% | 21.9% | 17.8% | -13.3% | 9.7% | 19.7% | 19.3% |
| ROA | 5.6% | 5.6% | 5.0% | 4.6% | 6.2% | 7.2% | 5.9% | -5.1% | 4.3% | 8.5% | 8.7% |
| ROIC | 8.5% | 8.5% | 7.8% | 7.1% | 8.7% | 11.7% | 8.8% | -4.5% | 6.0% | 11.5% | 14.2% |
| ROCE | 11.2% | 11.2% | 10.3% | 9.4% | 11.6% | 14.3% | 9.9% | -5.2% | 7.5% | 15.2% | 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 | 1.07 | 1.07 | 1.02 | 1.22 | 1.46 | 1.47 | 1.36 | 1.29 | 0.84 | 0.83 | 0.98 |
| Debt / EBITDA | 2.80 | 2.80 | 2.91 | 3.68 | 3.56 | 3.25 | 4.07 | 1780.32 | 3.45 | 2.41 | 2.44 |
| Net Debt / Equity | — | 1.04 | 0.98 | 1.17 | 1.38 | 1.41 | 0.84 | 1.14 | 0.76 | 0.73 | 0.93 |
| Net Debt / EBITDA | 2.70 | 2.70 | 2.81 | 3.54 | 3.39 | 3.12 | 2.50 | 1569.11 | 3.16 | 2.11 | 2.32 |
| Debt / FCF | — | 4.33 | 5.95 | 10.66 | 41.49 | 5.86 | 5.13 | — | 6.89 | 3.96 | 4.12 |
| Interest Coverage | 5.38 | 5.38 | 4.54 | 3.97 | 6.08 | 7.52 | 5.84 | -2.70 | 4.58 | 9.05 | 8.91 |
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 | 0.60 | 0.60 | 0.75 | 0.67 | 0.68 | 0.49 | 1.00 | 0.89 | 1.09 | 0.60 | 0.53 |
| Quick Ratio | 0.60 | 0.60 | 0.75 | 0.67 | 0.68 | 0.49 | 1.00 | 0.89 | 1.09 | 0.60 | 0.53 |
| Cash Ratio | 0.08 | 0.08 | 0.09 | 0.11 | 0.14 | 0.10 | 0.68 | 0.30 | 0.27 | 0.20 | 0.10 |
| Asset Turnover | — | 0.51 | 0.48 | 0.43 | 0.44 | 0.45 | 0.43 | 0.44 | 0.48 | 0.46 | 0.47 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | 60.85 | 61.52 | 62.96 | 61.12 | 53.94 | 55.76 | 55.37 | 50.18 | 48.29 | 50.29 |
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 | 1.0% | 0.9% | 0.6% | 0.6% | 0.8% | 0.5% | 0.8% | 1.1% | 1.7% | 1.3% | 1.1% |
| Payout Ratio | 35.3% | 35.3% | 32.0% | 35.2% | 27.4% | 25.5% | 36.4% | — | 60.5% | 31.9% | 32.2% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 3.3% | 2.5% | 1.9% | 1.8% | 2.9% | 2.1% | 2.2% | — | 2.7% | 4.1% | 3.4% |
| FCF Yield | 5.0% | 4.2% | 2.6% | 1.7% | 0.6% | 2.4% | 2.2% | — | 3.1% | 4.2% | 4.3% |
| Buyback Yield | 4.2% | 3.4% | 0.0% | 0.0% | 0.0% | 0.2% | 0.0% | 0.0% | 0.0% | 0.5% | 0.0% |
| Total Shareholder Yield | 5.2% | 4.3% | 0.6% | 0.6% | 0.8% | 0.7% | 0.8% | 1.1% | 1.7% | 1.8% | 1.1% |
| Shares Outstanding | — | $124M | $125M | $124M | $123M | $124M | $123M | $121M | $121M | $122M | $121M |
Includes 30+ ratios · 30 years · Updated daily
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10-year return with dividends reinvested.
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Quick answers to the most common questions about buying EFX stock.
Equifax Inc.'s current P/E ratio is 30.1x. The historical average is 26.2x. This places it at the 72th percentile of its historical range.
Equifax Inc.'s current EV/EBITDA is 13.6x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 13.2x.
Equifax Inc.'s return on equity (ROE) is 13.7%. The historical average is 29.0%.
Based on historical data, Equifax Inc. is trading at a P/E of 30.1x. This is at the 72th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Equifax Inc.'s current dividend yield is 0.99% with a payout ratio of 35.3%.
Equifax Inc. has 56.4% gross margin and 18.0% operating margin. Operating margin between 10-20% is typical for established companies.
Equifax Inc.'s Debt/EBITDA ratio is 2.8x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.
Key Metrics
Top Statement Risk
Mortgage cyclical revenue exposure
Metrics are mathematically derived from official filings.
Premium Multiple Presumes Durable Growth
At a 34.28 trailing P/E and a 7.38 PEG versus TransUnion's 6.60, per current market data, Equifax commands a growth premium that appears to assume Workforce Solutions' non-mortgage revenue can fully insulate earnings from any renewed mortgage origination weakness.
The forward P/E of 21.46 vs. the 34.28 trailing multiple implies the market is pricing in a substantial near-term earnings step-up—consistent with the 38.8% Q3 EPS growth recorded. However, the elevated PEG suggests that, at current multiples, the market is already capitalizing most of the expected cloud-driven margin expansion. The EV/EBITDA of 14.51x sits modestly above TransUnion's 13.90x, which may reflect a justified premium for the TWN asset, but the gap could compress if mortgage volumes recover without concurrent margin gains.
Operating Leverage Emerges Amid Anomalies
Operating margin expanded to 21.0% in Q3 2026 from 17.4% two quarters prior, per quarterly financial statements, reflecting a favorable Workforce Solutions mix shift and emerging cloud migration savings—though the anomalous 11.0% Q4 2025 gross margin warrants scrutiny.
The Q4 2025 gross margin of 11.0%, driven by a COGS spike to $1.4B against a typical $600–770M range, represents a material accounting irregularity that clouds any clean read on structural margin trajectory. Normalizing for that anomaly, the underlying gross margin trend is roughly 54–57%, which is more consistent with the reported net margin improvement to 12.5% in Q3 2026 from 9.2% in Q1 2025. Net margin of 12.5% now exceeds TransUnion's 10.0%, suggesting EFX's segment mix toward higher-margin Workforce Solutions revenue is structurally advantaging the bottom line relative to its closest peer.
Capital Efficiency Improves, Yet Goodwill Distorts Read
ROIC climbed to 2.8% in Q3 2026 from 1.8% a year earlier, per reported metrics, indicating improving returns on a heavily intangibilized asset base—though the goodwill concentration at roughly 57% of total assets may mechanically depress reported ROIC relative to the true economic return.
With goodwill at $6.8B on an $11.9B asset base, the invested-capital denominator is inflated by prior acquisition premiums, making ROIC a conservative proxy for the underlying cash-generating efficiency of the operating business. The ROE of 4.7% in Q3 2026 (roughly 19% annualized) is broadly consistent with TransUnion's 17.8%, suggesting competitive parity on equity returns despite the structural differences in asset composition. The rising asset turnover from 0.12 to 0.14 over the ten-quarter window is a modest positive signal, indicating revenue is growing faster than the asset base as cloud migration sheds legacy infrastructure.
Equity Erosion Drives Leverage Ratio Climb
Debt-to-equity climbed to 1.16 in Q3 2026 from 0.95 a year prior, per reported balance sheet data, even as interest coverage improved to 5.76x—suggesting buyback-driven equity shrinkage, rather than incremental borrowing, is the primary driver of the leverage shift.
With $5.2B of total debt against only $192.9M of cash, the 27x cash-to-debt coverage ratio means EFX is heavily dependent on operating cash flow for debt service—though the 2.65x OCF-to-net-income conversion provides a meaningful buffer. The D/E ratio has risen from a trough of 0.94 to 1.16 in roughly four quarters, coinciding with $652M of 2026 buybacks and a 12% equity contraction, which suggests the capital structure is being deliberately reshaped by capital return rather than credit stress. Interest coverage at 5.76x is the highest in the ten-quarter window and comfortably above TransUnion's implied coverage, indicating debt service is becoming less burdensome even as headline leverage rises.
Payables Compression Offsets Receivables Stability
Days payable outstanding contracted to 15 days in Q3 2026 from 29 days in early 2024, per quarterly disclosures, while DSO held near 60 days—implying that any working capital improvement is being driven by faster supplier settlement rather than operational receivables efficiency.
The DSO trend from 64 days to 60 days over ten quarters is directionally positive but modest, suggesting customer collection practices have not materially changed; the improvement likely reflects the growing share of high-velocity digital verification transactions versus slower-settling mortgage inquiry products. The sharper DPO decline from 29 to 15 days may reflect a deliberate decision to strengthen supplier relationships during the cloud transition, or it could signal reduced negotiating leverage with critical data vendors—investors should monitor whether this trend persists or reverses once the migration is complete. Given that the CCC is not computable without inventory data, a complete working capital cycle assessment remains limited by the current disclosure set.
P/B Misleads on Goodwill-Dominated Book Value
The 4.78x price-to-book multiple appears elevated, yet goodwill represents roughly 57% of the $11.9B asset base per Q3 2026 filings, making book value an unreliable denominator for this capital-light data business; P/FCF and forward EV/EBITDA are more informative lenses.
Applying a P/B framework to EFX implicitly assumes that book value represents a meaningful claim on economic value, but with only $1.9B of net PP&E and $6.8B of goodwill, the tangible equity base is negligible—rendering the multiple largely decorative. The more commonly misapplied ratio for this business model is actually the trailing P/E of 34.28x, which captures a period of depressed mortgage-driven earnings and may overstate the structural multiple; the forward P/E of 21.46x and P/FCF of 18.89x provide a cleaner picture of normalized earning power given the $2.59B cumulative FCF generated over ten quarters. Analysts should also note that the 5.76x interest coverage, when read alongside 57% goodwill concentration, means that a material impairment event—though not currently signaled—would simultaneously compress book value and spike headline leverage metrics without altering operating cash generation.