Latest Ratios: P/E Ratio 29.6x · EV/EBITDA 18.8x · ROE 2.6%. (1999–2025 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 | $1.4B | $1.5B | $1.5B | $1.5B | $1.8B | $1.4B | $1.9B | $1.6B | $2.5B | $2.3B |
| Enterprise Value | $1.6B | $1.2B | $1.4B | $1.5B | $2.3B | $2.2B | $1.6B | $2.1B | $2.2B | $3.3B | $2.6B |
| P/E Ratio → | 29.61 | 23.83 | 14.99 | 10.88 | 7.08 | 8.86 | 12.12 | 11.01 | 8.24 | 17.72 | 19.90 |
| P/S Ratio | 3.49 | 2.83 | 3.14 | 2.55 | 2.45 | 3.26 | 2.63 | 3.69 | 2.87 | 4.53 | 5.50 |
| P/B Ratio | 0.77 | 0.62 | 0.70 | 0.69 | 0.76 | 0.87 | 0.66 | 0.93 | 0.82 | 1.28 | 1.22 |
| P/FCF | 11.50 | 9.32 | 13.92 | 3.16 | 3.24 | 5.71 | 8.40 | 10.64 | 7.34 | 13.09 | 19.49 |
| P/OCF | 10.58 | 8.58 | 12.75 | 3.07 | 3.18 | 5.59 | 8.15 | 10.25 | 7.12 | 12.14 | 17.35 |
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 | — | 2.50 | 3.00 | 2.59 | 3.63 | 3.88 | 3.08 | 4.20 | 4.02 | 5.96 | 6.40 |
| EV / EBITDA | 18.85 | 14.91 | 10.70 | 8.33 | 7.71 | 7.85 | 11.13 | 9.48 | 8.59 | 13.09 | 13.92 |
| EV / EBIT | 19.53 | 15.45 | 10.70 | 8.33 | 7.71 | 7.85 | 11.13 | 9.48 | 8.59 | 12.35 | 13.80 |
| EV / FCF | — | 8.23 | 13.31 | 3.22 | 4.79 | 6.82 | 9.84 | 12.11 | 10.29 | 17.23 | 22.69 |
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 | 48.6% | 48.6% | 45.7% | 49.3% | 80.8% | 93.2% | 64.9% | 69.1% | 75.0% | 83.1% | 85.6% |
| Operating Margin | 8.3% | 8.3% | 13.3% | 16.3% | 38.6% | 45.1% | 22.0% | 31.0% | 36.1% | 41.4% | 40.6% |
| Net Profit Margin | 6.0% | 6.0% | 10.0% | 12.2% | 28.4% | 33.5% | 17.3% | 23.4% | 26.8% | 21.9% | 24.2% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 2.6% | 2.6% | 4.7% | 6.5% | 10.6% | 9.9% | 5.5% | 8.7% | 9.9% | 7.4% | 8.1% |
| ROA | 0.3% | 0.3% | 0.6% | 0.7% | 1.2% | 1.2% | 0.7% | 1.1% | 1.3% | 1.0% | 1.1% |
| ROIC | 2.3% | 2.3% | 3.0% | 3.6% | 7.4% | 7.6% | 3.8% | 5.6% | 6.1% | 6.6% | 6.8% |
| ROCE | 0.9% | 0.9% | 3.9% | 4.7% | 9.5% | 9.8% | 4.9% | 7.3% | 8.0% | 8.7% | 8.8% |
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 | 0.17 | 0.17 | 0.18 | 0.92 | 0.62 | 0.32 | 0.30 | 0.49 | 0.59 | 0.69 | 0.46 |
| Debt / EBITDA | 4.73 | 4.73 | 2.95 | 11.00 | 4.21 | 2.47 | 4.29 | 4.36 | 4.38 | 5.34 | 4.50 |
| Net Debt / Equity | — | -0.07 | -0.03 | 0.01 | 0.37 | 0.17 | 0.11 | 0.13 | 0.33 | 0.41 | 0.20 |
| Net Debt / EBITDA | -1.96 | -1.96 | -0.49 | 0.16 | 2.50 | 1.27 | 1.63 | 1.15 | 2.46 | 3.15 | 1.96 |
| Debt / FCF | — | -1.08 | -0.61 | 0.06 | 1.55 | 1.10 | 1.44 | 1.47 | 2.95 | 4.14 | 3.20 |
| Interest Coverage | 0.17 | 0.17 | 0.25 | 0.34 | 2.15 | 5.12 | 1.08 | 1.04 | 1.57 | 2.91 | 3.26 |
Net cash position: cash ($560M) exceeds total debt ($396M)
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 | 0.72 | 0.72 | 0.04 | 0.28 | 0.16 | 0.20 | 0.19 | 0.20 | 0.19 | 0.21 | 0.19 |
| Quick Ratio | 0.72 | 0.72 | 0.04 | 0.28 | 0.16 | 0.20 | 0.19 | 0.20 | 0.19 | 0.21 | 0.19 |
| Cash Ratio | 0.15 | 0.15 | 0.03 | 0.13 | 0.03 | 0.02 | 0.03 | 0.06 | 0.04 | 0.05 | 0.05 |
| Asset Turnover | — | 0.05 | 0.06 | 0.06 | 0.04 | 0.03 | 0.04 | 0.05 | 0.05 | 0.04 | 0.04 |
| 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% | 5.0% | 4.5% | 4.6% | 4.3% | 3.8% | 5.1% | 3.8% | 4.6% | 2.7% | 1.9% |
| Payout Ratio | 120.9% | 120.9% | 67.8% | 50.2% | 30.8% | 33.6% | 62.0% | 41.5% | 37.8% | 48.5% | 37.4% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 3.4% | 4.2% | 6.7% | 9.2% | 14.1% | 11.3% | 8.2% | 9.1% | 12.1% | 5.6% | 5.0% |
| FCF Yield | 8.7% | 10.7% | 7.2% | 31.7% | 30.9% | 17.5% | 11.9% | 9.4% | 13.6% | 7.6% | 5.1% |
| Buyback Yield | 0.0% | 0.0% | 0.2% | 0.0% | 1.0% | 2.8% | 2.7% | 0.7% | 9.6% | 68.6% | 58.2% |
| Total Shareholder Yield | 4.0% | 5.0% | 4.8% | 4.6% | 5.3% | 6.6% | 7.8% | 4.5% | 14.2% | 71.4% | 60.1% |
| Shares Outstanding | — | $129M | $121M | $120M | $120M | $123M | $124M | $127M | $132M | $136M | $104M |
Includes 30+ ratios · 27 years · Updated daily
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Quick answers to the most common questions about buying HOPE stock.
Hope Bancorp, Inc.'s current P/E ratio is 29.6x. The historical average is 17.9x. This places it at the 96th percentile of its historical range.
Hope Bancorp, Inc.'s current EV/EBITDA is 18.8x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 13.1x.
Hope Bancorp, Inc.'s return on equity (ROE) is 2.6%. The historical average is 11.1%.
Based on historical data, Hope Bancorp, Inc. is trading at a P/E of 29.6x. This is at the 96th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Hope Bancorp, Inc.'s current dividend yield is 4.03% with a payout ratio of 120.9%.
Hope Bancorp, Inc. has 48.6% gross margin and 8.3% operating margin.
Hope Bancorp, Inc.'s Debt/EBITDA ratio is 4.7x, indicating high leverage. A ratio above 4x may signal elevated financial risk.
Key Metrics
Top Statement Risk
CRE concentration and margin pressure
Metrics are mathematically derived from official filings.
Discount Pricing Reflects Niche Risk
Hope Bancorp trades at 0.79x book value and 12.82x forward earnings, per market data, a discount to Hanmi's 1.18x P/B, suggesting the market prices in higher credit risk or slower growth.
The P/B discount to peers like Hanmi (1.18x) and Preferred Bank (1.68x) implies the market expects lower returns on tangible equity or elevated risk. With ROTCE implied by the current price, the bank would need to improve its ROE from the sub-2% level to justify a re-rating. The forward P/E of 12.82 suggests earnings normalization, but the trailing P/E of 30.37 reflects the depressed earnings base, indicating the market is pricing a recovery that has yet to materialize.
ROE Trapped by Thin NIM
ROE has hovered near 1.4% in Q2 2026, per company filings, with NIM stuck at 0.7%, indicating that the bank's core spread is insufficient to generate adequate returns on equity.
The DuPont decomposition shows that the bank's ROE is constrained by a very low NIM (0.7%) and modest leverage (equity/assets at 12%), despite a strong efficiency ratio of 37.6%. The negative ROE in Q2 2025 (-1.3%) highlights the impact of a one-time loss, but the subsequent recovery to 1.4% still leaves profitability far below the cost of equity. The fee income contribution (5.9% of revenue) is small and volatile, tied to SBA gains, which does little to offset the margin pressure.
NIM Stuck at 0.7%
Net interest margin remained at 0.7% for the fifth consecutive quarter, as reported in financial statements, indicating persistent spread compression despite a 9.7% YoY rise in net interest income.
The stability of NIM at 0.7% suggests that the bank's asset yields are not repricing fast enough to offset rising deposit costs, a common issue for relationship-driven lenders. The efficiency ratio improved to 37.6% from 50.6% a year ago, but this was partly due to the negative non-interest income in Q2 2025, not solely cost control. Investors should monitor whether the bank can reprice its loan book faster than deposit costs, as the current spread appears insufficient to support robust profitability.
Thin Capital Buffer
Equity-to-assets ratio held at 0.12 in Q2 2026, per company data, unchanged from prior quarters, indicating a stable but modest capital buffer relative to peers like Hanmi.
The equity-to-assets ratio of 12% is low compared to the peer average, which may limit the bank's ability to absorb credit losses or support growth. While the bank maintains a conservative debt-to-equity ratio of 0.17%, the thin capital cushion suggests limited capacity for capital return beyond the current dividend yield of 3.9%. The lack of buybacks (only $2.0M in Q2 2026) further indicates a cautious approach to capital management.
Provision Volatility Signals Caution
Loan loss provisions swung from $15.0M in Q2 2025 to $6.8M in Q2 2026, per SEC filings, but the Q2 2026 EPS miss suggests elevated provisioning may persist.
The volatility in provisions, combined with the bank's high concentration in CRE, suggests that credit quality may be deteriorating, particularly if small business tenants face debt-service challenges. The negative non-interest income in Q2 2025 and the subsequent EPS miss indicate that the bank may be under-reserving for potential losses. Investors should monitor criticized loan trends and the adequacy of the allowance relative to the CRE portfolio.
P/E Misleads on Earnings Quality
The trailing P/E of 30.37, per market data, is distorted by the Q2 2025 loss and volatile SBA gains, obscuring the bank's true earnings power.
For banks, P/E is often misapplied because provisions and one-time items can cause earnings to swing dramatically, as seen in Q2 2025. The trailing P/E of 30.37 overstates the bank's valuation, while the forward P/E of 12.82 may understate risk if credit costs rise. A more appropriate metric is P/TBV, which at 1.01x (based on tangible book value of $13.79) provides a clearer picture of the bank's franchise value relative to its tangible assets.