Latest Ratios: P/E Ratio 42.2x · EV/EBITDA 6.9x · ROE 3.1%. (2000–2025 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 | $6.4B | $8.7B | $9.9B | $2.6B | $1.4B | $1.4B | $1.3B | $2.3B | $3.9B | $8.8B | $3.5B |
| Enterprise Value | $2.8B | $-5416375574924 | $-193210754976 | $-1527604085053 | $-900985408247 | $-300777402911 | $-177645497516 | $-78597672782 | $-25971300138 | $36.2B | $1.5B |
| P/E Ratio → | 42.23 | 0.04 | 0.01 | 0.00 | 0.01 | 0.01 | 0.03 | 0.08 | — | 0.49 | 0.58 |
| P/S Ratio | 1.13 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.02 | 0.08 | 0.11 |
| P/B Ratio | 1.24 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.04 | 0.13 | 0.16 |
| P/FCF | 239.55 | 0.22 | — | 0.00 | 0.00 | — | 0.00 | 0.01 | 0.22 | — | 0.15 |
| P/OCF | 29.52 | 0.03 | — | 0.00 | 0.00 | — | 0.00 | 0.01 | 0.17 | — | 0.14 |
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 | — | -0.63 | -0.03 | -0.21 | -0.19 | -0.17 | -0.30 | -0.25 | -0.15 | 0.33 | 0.05 |
| EV / EBITDA | 6.94 | -8.90 | -0.08 | -1.12 | -1.42 | -0.80 | -1.11 | -0.85 | -2.47 | 1.44 | 0.15 |
| EV / EBIT | 13.89 | -17.83 | -0.09 | -1.29 | -2.03 | -1.04 | -1.31 | -0.95 | -3.67 | 1.58 | 0.16 |
| EV / FCF | — | -134.50 | — | -0.96 | -0.52 | — | -0.34 | -0.50 | -1.43 | — | 0.06 |
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 | 66.4% | 66.4% | 88.5% | 94.3% | 92.4% | 92.5% | 83.2% | 85.5% | 80.3% | 89.8% | 90.3% |
| Operating Margin | 3.6% | 3.6% | 29.4% | 16.2% | 9.5% | 16.3% | 22.8% | 26.4% | 4.1% | 20.9% | 29.0% |
| Net Profit Margin | 2.5% | 2.5% | 21.6% | 10.1% | 7.0% | 10.7% | 12.4% | 15.6% | -4.2% | 9.5% | 18.6% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 3.1% | 3.1% | 40.2% | 37.5% | 26.5% | 43.4% | 34.1% | 38.3% | -8.9% | 23.4% | 32.2% |
| ROA | 0.5% | 0.5% | 7.6% | 7.1% | 4.8% | 7.8% | 5.9% | 5.4% | -1.1% | 2.9% | 3.0% |
| ROIC | 2.3% | 2.3% | 31.0% | 36.4% | 21.2% | 38.8% | 33.1% | 26.2% | 3.0% | 19.7% | 21.6% |
| ROCE | 2.1% | 2.1% | 19.5% | 12.2% | 6.8% | 12.1% | 11.2% | 9.6% | 1.1% | 6.4% | 4.9% |
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 | 0.47 | 0.47 | 0.36 | 0.23 | 0.26 | 0.27 | 0.31 | 0.61 | 1.27 | 1.04 | 0.70 |
| Debt / EBITDA | 5.99 | 5.99 | 0.90 | 0.34 | 0.78 | 0.43 | 0.54 | 1.04 | 11.49 | 2.79 | 1.57 |
| Net Debt / Equity | — | -0.70 | -0.03 | -0.76 | -0.48 | -0.51 | -0.65 | -0.51 | -0.31 | 0.41 | -0.09 |
| Net Debt / EBITDA | -8.92 | -8.92 | -0.08 | -1.12 | -1.42 | -0.80 | -1.11 | -0.87 | -2.84 | 1.09 | -0.21 |
| Debt / FCF | — | -134.72 | — | -0.96 | -0.52 | — | -0.34 | -0.51 | -1.64 | — | -0.09 |
| Interest Coverage | 0.08 | 0.08 | 0.71 | 0.18 | 0.12 | 0.26 | 0.51 | 0.42 | 0.08 | 0.60 | 0.55 |
Net cash position: cash ($9.07T) exceeds total debt ($3.65T)
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 | 0.58 | 0.58 | 0.66 | 2.70 | 1.09 | 8.50 | 5.10 | 4.20 | 3.27 | 2.90 | 12.28 |
| Quick Ratio | 0.58 | 0.58 | 0.66 | 2.70 | 1.09 | 8.50 | 5.10 | 4.20 | 3.27 | 2.90 | 12.28 |
| Cash Ratio | 0.31 | 0.31 | 0.20 | 2.66 | 2.42 | 8.50 | 4.38 | 4.65 | 3.27 | 2.90 | 12.28 |
| Asset Turnover | — | 0.19 | 0.23 | 0.71 | 0.45 | 0.54 | 0.38 | 0.33 | 0.20 | 0.22 | 0.13 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
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 | 4.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 63.0% | 9.8% | 4.3% |
| Payout Ratio | 180.4% | 180.4% | 37.8% | 24.4% | 20.1% | 6.2% | 8.1% | 7.4% | — | 8.2% | 2.5% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 2.4% | 2636.3% | 19043.6% | 31300.5% | 10541.6% | 13477.3% | 3073.2% | 1285.3% | — | 202.4% | 172.0% |
| FCF Yield | 0.4% | 464.8% | — | 62341.8% | 120604.0% | — | 41501.5% | 6780.2% | 461.5% | — | 686.5% |
| Buyback Yield | 0.0% | 0.0% | 9.9% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 4.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 63.0% | 9.8% | 4.3% |
| Shares Outstanding | — | $161M | $159M | $148M | $148M | $148M | $143M | $143M | $143M | $134M | $130M |
Includes 30+ ratios · 26 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 GGAL stock.
Grupo Financiero Galicia S.A.'s current P/E ratio is 42.2x. The historical average is 2.1x. This places it at the 100th percentile of its historical range.
Grupo Financiero Galicia S.A.'s current EV/EBITDA is 6.9x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 7.3x.
Grupo Financiero Galicia S.A.'s return on equity (ROE) is 3.1%. The historical average is 11.2%.
Based on historical data, Grupo Financiero Galicia S.A. is trading at a P/E of 42.2x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Grupo Financiero Galicia S.A.'s current dividend yield is 3.98% with a payout ratio of 180.4%.
Grupo Financiero Galicia S.A. has 66.4% gross margin and 3.6% operating margin.
Grupo Financiero Galicia S.A.'s Debt/EBITDA ratio is 6.0x, indicating high leverage. A ratio above 4x may signal elevated financial risk.
Key Metrics
Top Statement Risk
Sovereign exposure and hyperinflation risk
Valuation Reflects Sovereign Proxy Status
GGAL trades at a P/B of 1.32, aligning closely with Argentine peers like Banco Macro (1.41) and BBVA Argentina (1.27), which suggests the market assigns no premium for its NaranjaX ecosystem or HSBC acquisition, viewing it as a liquid macro instrument.
The valuation appears driven by sovereign risk discount rather than idiosyncratic strengths, as evidenced by the forward P/E of 0.01 indicating expected negligible earnings. The 3.7% dividend yield may not compensate for currency and inflation risk, and the lack of a platform multiple for NaranjaX implies potential undervaluation of its strategic assets.
Profitability Eroded by Rate Reset
According to the ratio data, ROE declined from 16.1% in 2024Q2 to just 2.9% in 2026Q2, primarily driven by NIM compression from 16.1% to 3.3% as the bank transitioned away from high-yielding BCRA liabilities.
The collapse in NIM has fundamentally impaired profitability, with ROA falling from 3.7% to 0.5% over eight quarters. This structural reset appears irreversible in the near term, as the bank's funding base is now anchored to lower-yielding Treasury instruments, and high, volatile provisions continue to erode the remaining earnings power.
NIM Collapse and Efficiency Volatility
GGAL's net interest margin collapsed from 16.1% in 2024Q1 to 3.3% by 2026Q2, a decline of 1,280 basis points, while the efficiency ratio swung wildly from 26.3% to 74.8%, highlighting severe operational challenges.
The NIM compression appears structural, reflecting the bank's forced migration from high-yield Central Bank remunerated liabilities to lower-yielding government securities. The erratic efficiency ratio suggests that the bank's high fixed-cost base is not being managed effectively, with no clear operating leverage to offset the revenue decline.
Equity Buffer Eroding Under Pressure
Based on the reported balance sheet data, the equity-to-assets ratio has eroded from 0.25 in 2024Q1 to 0.18 in 2026Q2, while loan loss provisions have surged 465% to $813 billion, indicating weakening capital resilience.
The declining equity cushion, combined with elevated provisions consuming 8.8% of equity, suggests that internal capital generation is insufficient to support both asset growth and shareholder returns. This trend may eventually constrain dividend sustainability and force the bank to seek external capital, though regulatory minimums are not yet breached.
Hyperinflationary Accounting Masks Reality
The most commonly misapplied ratio is the P/E of 44.99, which is meaningless given GGAL's reported EPS swung from $4,322.70 in 2024Q4 to a loss of $546.10 in 2025Q3 due to IAS 29 hyperinflationary adjustments.
The P/E ratio obscures the bank's true operational performance because earnings are dominated by inflation-driven monetary gains and losses. Analysts should instead focus on price-to-tangible-book-value (P/TBV) of 1.32, though even this metric may be distorted if asset values are inflated by hyperinflation, warranting a focus on real, inflation-adjusted returns.