Latest Ratios: P/E Ratio 12.5x · EV/EBITDA 8.2x · ROE 23.0%. (2011–2025 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 | $1.7B | $1.9B | $2.2B | $2.7B | $2.2B | $3.6B | $2.9B | $2.5B | $2.1B | $995M | $1.3B |
| Enterprise Value | $2.5B | $2.7B | $2.9B | $3.4B | $2.5B | $3.9B | $3.2B | $2.9B | $2.6B | $1.6B | $1.9B |
| P/E Ratio → | 12.53 | 13.22 | 19.96 | 33.83 | 9.39 | 22.62 | 27.50 | 24.14 | 24.74 | 17.96 | 17.57 |
| P/S Ratio | 1.82 | 2.01 | 2.66 | 3.88 | 3.63 | 6.18 | 5.63 | 5.13 | 4.71 | 2.44 | 3.39 |
| P/B Ratio | 2.49 | 2.62 | 4.33 | 4.24 | 4.73 | 7.74 | 8.39 | 9.21 | 9.91 | 6.72 | 12.22 |
| P/FCF | 12.54 | 13.83 | 13.09 | 21.34 | 16.34 | 24.82 | 19.09 | 20.83 | 16.25 | 8.86 | 10.51 |
| P/OCF | 7.48 | 8.26 | 8.64 | 12.76 | 10.21 | 15.94 | 14.43 | 13.90 | 12.37 | 6.82 | 7.87 |
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 | — | 2.90 | 3.48 | 4.87 | 4.05 | 6.55 | 6.25 | 6.04 | 5.74 | 3.83 | 4.92 |
| EV / EBITDA | 8.18 | 8.75 | 10.02 | 14.73 | 10.62 | 14.22 | 15.00 | 13.86 | 13.84 | 10.38 | 11.50 |
| EV / EBIT | 13.53 | 12.12 | 15.13 | 28.77 | 8.56 | 18.89 | 21.44 | 20.25 | 20.15 | 17.32 | 17.75 |
| EV / FCF | — | 19.91 | 17.13 | 26.82 | 18.24 | 26.32 | 21.22 | 24.53 | 19.82 | 13.89 | 15.24 |
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 | 49.7% | 49.7% | 51.9% | 51.5% | 52.7% | 57.6% | 55.6% | 56.2% | 56.6% | 50.7% | 54.9% |
| Operating Margin | 20.0% | 20.0% | 19.6% | 19.6% | 25.5% | 33.3% | 27.7% | 29.6% | 27.6% | 21.1% | 27.5% |
| Net Profit Margin | 15.2% | 15.2% | 13.3% | 11.5% | 38.6% | 27.3% | 20.5% | 21.2% | 19.0% | 13.5% | 19.3% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 23.0% | 23.0% | 19.5% | 14.4% | 50.6% | 39.7% | 34.0% | 42.5% | 47.5% | 43.0% | 68.1% |
| ROA | 6.9% | 6.9% | 5.7% | 5.0% | 21.0% | 14.5% | 10.0% | 10.7% | 9.4% | 6.2% | 8.5% |
| ROIC | 10.2% | 10.2% | 9.8% | 9.9% | 16.5% | 21.8% | 15.4% | 15.5% | 13.4% | 9.1% | 11.1% |
| ROCE | 10.5% | 10.5% | 9.9% | 10.1% | 16.4% | 20.6% | 15.8% | 17.4% | 16.2% | 11.4% | 14.0% |
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 | 1.58 | 1.58 | 1.86 | 1.55 | 0.94 | 1.03 | 1.53 | 2.05 | 2.50 | 4.16 | 5.99 |
| Debt / EBITDA | 3.66 | 3.66 | 3.29 | 4.29 | 1.89 | 1.79 | 2.46 | 2.61 | 2.86 | 4.10 | 3.88 |
| Net Debt / Equity | — | 1.15 | 1.33 | 1.09 | 0.55 | 0.47 | 0.94 | 1.64 | 2.17 | 3.82 | 5.51 |
| Net Debt / EBITDA | 2.67 | 2.67 | 2.36 | 3.01 | 1.11 | 0.81 | 1.51 | 2.09 | 2.49 | 3.76 | 3.57 |
| Debt / FCF | — | 6.08 | 4.04 | 5.47 | 1.91 | 1.50 | 2.13 | 3.70 | 3.56 | 5.03 | 4.73 |
| Interest Coverage | 3.26 | 3.26 | 2.60 | 3.64 | 11.81 | 8.97 | 5.94 | 5.05 | 4.30 | 3.02 | 4.39 |
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 | 2.07 | 2.07 | 1.89 | 1.88 | 1.87 | 2.85 | 2.35 | 1.91 | 1.58 | 1.15 | 1.23 |
| Quick Ratio | 2.07 | 2.07 | 1.89 | 1.88 | 1.87 | 2.61 | 2.35 | 1.64 | 1.37 | 1.00 | 1.09 |
| Cash Ratio | 1.07 | 1.07 | 0.98 | 0.99 | 0.89 | 1.74 | 1.32 | 0.77 | 0.51 | 0.34 | 0.40 |
| Asset Turnover | — | 0.42 | 0.46 | 0.34 | 0.55 | 0.52 | 0.48 | 0.48 | 0.49 | 0.45 | 0.44 |
| Inventory Turnover | — | — | — | — | — | 6.59 | — | 5.44 | 6.79 | 9.35 | 10.14 |
| Days Sales Outstanding | — | 70.73 | 64.68 | 73.82 | 69.15 | 72.63 | 72.04 | 79.99 | 80.68 | 74.70 | 74.18 |
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 | 0.7% | 0.7% | 0.6% | 0.5% | 0.6% | 0.4% | 0.5% | 0.6% | 0.3% | 2.2% | 2.2% |
| Payout Ratio | 9.0% | 9.0% | 11.4% | 16.3% | 5.8% | 8.9% | 13.8% | 13.9% | 8.4% | 39.5% | 39.6% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 8.0% | 7.6% | 5.0% | 3.0% | 10.7% | 4.4% | 3.6% | 4.1% | 4.0% | 5.6% | 5.7% |
| FCF Yield | 8.0% | 7.2% | 7.6% | 4.7% | 6.1% | 4.0% | 5.2% | 4.8% | 6.2% | 11.3% | 9.5% |
| Buyback Yield | 4.1% | 3.7% | 3.7% | 1.3% | 4.3% | 0.7% | 0.3% | 1.3% | 0.5% | 0.8% | 3.0% |
| Total Shareholder Yield | 4.8% | 4.4% | 4.2% | 1.8% | 4.9% | 1.1% | 0.8% | 1.8% | 0.8% | 3.0% | 5.3% |
| Shares Outstanding | — | $64M | $65M | $66M | $69M | $73M | $73M | $73M | $74M | $73M | $74M |
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Quick answers to the most common questions about buying EVTC stock.
EVERTEC, Inc.'s current P/E ratio is 12.5x. The historical average is 21.2x. This places it at the 8th percentile of its historical range.
EVERTEC, Inc.'s current EV/EBITDA is 8.2x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 12.8x.
EVERTEC, Inc.'s return on equity (ROE) is 23.0%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 34.8%.
Based on historical data, EVERTEC, Inc. is trading at a P/E of 12.5x. This is at the 8th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
EVERTEC, Inc.'s current dividend yield is 0.72% with a payout ratio of 9.0%.
EVERTEC, Inc. has 49.7% gross margin and 20.0% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
EVERTEC, Inc.'s Debt/EBITDA ratio is 3.7x, indicating high leverage. A ratio between 2-4x is manageable but warrants monitoring.
Key Metrics
Top Statement Risk
Acquisition integration and margin compression
Metrics are mathematically derived from official filings.
Discounted Multiple Reflects Integration Risk
EVTC trades at 8.6x EV/EBITDA and 13.5x P/E, well below Payoneer's 10.8x and 37.3x, per peer data, suggesting the market prices in margin compression and acquisition integration overhang.
The forward P/E of 7.5x implies the market expects earnings to nearly double, which appears aggressive given the recent net margin collapse to 2.0% in 2026Q2. The PEG of 1.5x suggests the growth rate is not fully discounted, but the low EV/EBITDA relative to peers may indicate skepticism about the sustainability of EBITDA given the D/EBITDA of 14.2x. Investors should monitor whether the acquisition-driven revenue acceleration can translate into margin recovery to justify the multiple.
Margin Compression Masks Underlying Earning Power
Gross margin fell to 40.2% in 2026Q2 from 52.1% a year earlier, per financial statements, while operating margin dropped to 19.4%, suggesting a mix shift or integration costs that may be temporary.
The 12-point gross margin decline is significant, but the operating margin of 19.4% remains respectable, indicating that the core business still generates solid returns before non-operating items. The net margin of 2.0% is distorted by non-operating charges, as evidenced by the 85.5% net income drop despite revenue growth. Adjusted for these items, the underlying profitability appears more stable, but the trend warrants close monitoring as SG&A grew 63% year-over-year.
ROIC Stagnates Despite Revenue Growth
ROIC has hovered between 1.9% and 3.3% over the past ten quarters, per reported data, indicating that the company is not compounding returns on invested capital despite revenue acceleration.
The low and stable ROIC suggests that acquisitions are not yet generating returns above the cost of capital, possibly due to integration costs and goodwill amortization. ROE has also declined from 7.5% in 2024Q4 to 0.7% in 2026Q2, reflecting the impact of a larger equity base and lower net income. The asset turnover of 0.12x is extremely low, indicating that the asset base is not being utilized efficiently, which may be a structural feature of the acquired goodwill-heavy model.
Working Capital Efficiency Hides in DSO Trends
DSO has remained elevated around 59-65 days over the last ten quarters, per reported figures, while DPO has declined from 59 to 34 days, suggesting a tightening of supplier payment terms.
The stable DSO indicates that receivables collection is not improving, which may tie up cash, but the decline in DPO suggests EVTC is paying suppliers faster, potentially straining working capital. The cash conversion cycle is not calculable due to missing DIO data, but the negative working capital changes in eight of ten quarters indicate that cash is often absorbed by operations. This may reflect the timing of acquisition-related payments rather than operational inefficiency.
Leverage Creeps Higher as Debt Service Cushion Thins
Debt-to-equity rose to 1.84 in 2026Q2 from 1.48 in 2026Q1, per balance sheet data, while interest coverage fell to 3.1x, indicating a thinner cushion for debt service.
The D/EBITDA of 14.2x is extremely high, suggesting that EBITDA is not sufficient to cover debt obligations if interest rates rise or cash flows weaken. Interest coverage of 3.1x is below the 3.5x seen in 2024Q4, indicating that the company has less room to absorb earnings shocks. The reliance on debt to fund acquisitions increases refinancing risk, especially if credit markets tighten, and investors should monitor covenant compliance.
Liquidity Buffer Adequate but Thinning
Current ratio declined to 1.70 in 2026Q2 from 1.97 in 2026Q1, per balance sheet data, while cash fell to $260.7M, suggesting a reduced but still adequate short-term cushion.
The quick ratio equals the current ratio at 1.70, indicating that inventory is not a significant factor, which is typical for a services business. However, the declining trend in the current ratio and cash balance suggests that the aggressive acquisition and buyback strategy is consuming liquidity. Under a severe stress scenario, the company may need to rely on debt markets, which could be challenging given the already high leverage.
Misapplied Metric: EV/EBITDA
EV/EBITDA is commonly misapplied to EVTC because its EBITDA is inflated by non-cash charges and acquisition-related adjustments, per reported figures, obscuring the true cash-generative capacity.
The EV/EBITDA of 8.6x appears cheap, but the D/EBITDA of 14.2x reveals that EBITDA is not covering debt well, and the high goodwill balance suggests potential impairment risk. A more appropriate metric would be EV/EBIT or EV/FCF, which better capture the impact of amortization and cash conversion. Based on reported figures, EV/FCF of 13.5x is more realistic, indicating that the stock is not as undervalued as the EV/EBITDA multiple suggests.