LexinFintech Holdings Ltd. (LX) Financial Ratios
11 years of historical data (2015–2025) · Financial Services · Financial - Credit Services
EV/EBITDA
↓
1.35
↓-70% vs avg
5yr avg: 4.51
30Y Low0.6·High24.5
P/FCF
↓
0.70
↑+55% vs avg
5yr avg: 0.45
30Y Low0.1·High1.5
P/B Ratio
↓
0.20
↑+217% vs avg
5yr avg: 0.06
30Y Low0.0·High1.4
ROE
↓
14.4%
-11% vs avg
5yr avg: 16.2%
30Y Low-160%·High68%
Debt/EBITDA
↓
2.03
↓-64% vs avg
5yr avg: 5.70
30Y Low2.0·High22.0
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
LX Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
LexinFintech Holdings Ltd. trades at 1.5x earnings, 220% above its 5-year average of 0.5x, sitting at the 78th percentile of its historical range. Compared to the Financial Services sector median P/E of 13.6x, the stock trades at a discount of 89%. On a free-cash-flow basis, the stock trades at 0.7x P/FCF, 55% above the 5-year average of 0.5x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $337M | $581M | $984M | $331M | $373M | $801M | $1.4B | $2.6B | $1.3B | $2.4B | — |
| Enterprise Value | $473M | $1.5B | $4.0B | $3.2B | $8.1B | $5.8B | $9.1B | $8.8B | $5.4B | $12.1B | — |
| P/E Ratio → | 1.48 | 0.36 | 0.89 | 0.29 | 0.43 | 0.34 | 2.15 | 1.14 | 0.67 | 9.93 | — |
| P/S Ratio | 0.18 | 0.05 | 0.07 | 0.03 | 0.04 | 0.07 | 0.12 | 0.25 | 0.17 | 0.43 | — |
| P/B Ratio | 0.20 | 0.05 | 0.09 | 0.03 | 0.04 | 0.10 | 0.25 | 0.40 | 0.32 | 1.41 | — |
| P/FCF | 0.70 | 0.18 | 1.18 | 0.13 | — | 0.31 | — | — | 0.48 | 1.47 | — |
| P/OCF | 0.63 | 0.16 | 0.91 | 0.12 | 3.77 | 0.30 | — | — | 0.47 | 1.44 | — |
P/E links to full P/E history page with 30-year chart
LX EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
LexinFintech Holdings Ltd.'s enterprise value stands at 1.4x EBITDA, 70% below its 5-year average of 4.5x. The Financial Services sector median is 11.4x, placing the stock at a 88% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.12 | 0.28 | 0.25 | 0.82 | 0.51 | 0.79 | 0.83 | 0.71 | 2.17 | — |
| EV / EBITDA | 1.35 | 0.63 | 1.64 | 1.59 | 16.86 | 1.81 | 5.94 | 3.25 | 2.92 | 24.53 | — |
| EV / EBIT | 1.41 | 0.66 | 2.93 | 2.34 | 7.50 | 2.05 | 11.98 | 3.22 | 2.54 | 25.50 | — |
| EV / FCF | — | 0.46 | 4.79 | 1.26 | — | 2.28 | — | — | 1.97 | 7.47 | — |
LX Profitability
Margins and return-on-capital ratios measuring operating efficiency
LexinFintech Holdings Ltd. earns an operating margin of 17.7%, below the Financial Services sector average of 20.3%. Operating margins have expanded from 14.4% to 17.7% over the past 3 years, signaling improving operational efficiency. ROE of 14.4% is modest. ROIC of 10.4% represents solid returns on invested capital versus a sector median of 5.5%.
Margins
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 | 72.3% | 72.3% | 35.4% | 34.6% | 30.8% | 50.5% | 31.2% | 47.1% | 39.6% | 23.6% | 13.9% |
| Operating Margin | 17.7% | 17.7% | 16.1% | 14.4% | 3.4% | 27.0% | 12.3% | 24.8% | 24.0% | 8.5% | 0.3% |
| Net Profit Margin | 12.8% | 12.8% | 7.7% | 8.2% | 8.3% | 20.5% | 5.1% | 21.6% | 26.0% | 4.3% | -2.7% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 14.4% | 14.4% | 10.8% | 11.6% | 9.8% | 34.3% | 9.8% | 42.9% | 68.1% | 28.0% | -113.5% |
| ROA | 7.2% | 7.2% | 4.8% | 4.6% | 3.7% | 11.3% | 3.0% | 14.5% | 14.5% | 2.0% | -1.9% |
| ROIC | 10.4% | 10.4% | 11.0% | 8.5% | 1.5% | 15.0% | 7.2% | 16.3% | 12.5% | 3.5% | 0.1% |
| ROCE | 13.9% | 13.9% | 19.5% | 17.8% | 3.2% | 32.0% | 16.1% | 37.8% | 57.7% | 36.5% | 2.3% |
LX Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
LexinFintech Holdings Ltd. carries a Debt/EBITDA ratio of 2.0x, which is manageable (52% below the sector average of 4.3x). Net debt stands at $919M ($4.8B total debt minus $3.9B cash). Interest coverage of 9.2x is adequate, though a cyclical earnings downturn could tighten the margin of safety.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.40 | 0.40 | 0.49 | 0.57 | 1.07 | 0.95 | 1.69 | 1.26 | 1.28 | 6.38 | 557.47 |
| Debt / EBITDA | 2.03 | 2.03 | 2.16 | 2.72 | 19.18 | 2.39 | 6.06 | 3.06 | 2.83 | 21.96 | 496.64 |
| Net Debt / Equity | — | 0.08 | 0.28 | 0.30 | 0.90 | 0.62 | 1.40 | 0.94 | 1.00 | 5.72 | 523.02 |
| Net Debt / EBITDA | 0.39 | 0.39 | 1.24 | 1.43 | 16.08 | 1.56 | 5.04 | 2.29 | 2.21 | 19.68 | 465.94 |
| Debt / FCF | — | 0.28 | 3.61 | 1.13 | — | 1.97 | — | — | 1.49 | 5.99 | 20.94 |
| Interest Coverage | 9.25 | 9.25 | 151.30 | 27.28 | 19.49 | 44.87 | 9.84 | 70.02 | 92.48 | 6.30 | 0.23 |
LX Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
LexinFintech Holdings Ltd.'s current ratio of 4.10x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The current ratio has improved from 1.50x to 4.10x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 4.10 | 4.10 | 1.86 | 1.50 | 1.42 | 1.63 | 1.37 | 1.68 | 1.29 | 0.99 | 0.94 |
| Quick Ratio | 4.10 | 4.10 | 1.86 | 1.50 | 1.42 | 1.63 | 1.37 | 1.68 | 1.29 | 0.99 | 0.94 |
| Cash Ratio | 1.16 | 1.16 | 0.23 | 0.21 | 0.12 | 0.26 | 0.13 | 0.21 | 0.14 | 0.09 | 0.06 |
| Asset Turnover | — | 0.55 | 0.64 | 0.56 | 0.43 | 0.54 | 0.57 | 0.55 | 0.61 | 0.38 | 0.50 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
LX Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
LexinFintech Holdings Ltd. returns 24.8% to shareholders annually — split between a 16.0% dividend yield and 8.9% buyback yield. The payout ratio of 23.5% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 67.7% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
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 | 16.0% | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | 23.5% | 23.5% | 14.9% | 12.7% | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 67.7% | 280.1% | 112.1% | 344.6% | 232.6% | 296.9% | 46.6% | 88.0% | 150.3% | 10.1% | — |
| FCF Yield | 100.0% | 561.8% | 84.8% | 772.6% | — | 317.9% | — | — | 208.4% | 67.8% | — |
| Buyback Yield | 8.9% | — | — | — | — | — | — | — | — | — | — |
| Total Shareholder Yield | 24.8% | — | — | — | — | — | — | — | — | — | — |
| Shares Outstanding | — | $178M | $170M | $180M | $196M | $207M | $206M | $188M | $181M | $172M | $165M |
Peer Comparison
Compare LX with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 LXYou | $337M | 1.5 | 1.4 | 0.7 | 72.3% | 17.7% | 14.4% | 10.4% | 2.0 |
 QFIN | $2B | 1.2 | 1.7 | 1.2 | 81.5% | 33.9% | 24.0% | 17.7% | 0.5 |
 FINV | $1B | 3.4 | 1.0 | 4.5 | 78.6% | 21.8% | 15.3% | 12.8% | 0.4 |
 CNF | $1M | -0.0 | — | 0.1 | 87.0% | -11.2% | -12.0% | -0.6% | — |
 MOGO | $22M | -2.3 | 22.8 | — | 65.6% | -5.2% | -15.6% | -1.7% | 18.2 |
 UPST | $3B | 72.1 | 54.3 | — | 95.2% | 5.1% | 7.5% | 1.7% | 23.4 |
 AFRM | $25B | 492.8 | 225.8 | 40.9 | 67.5% | -2.7% | 1.8% | -0.7% | 57.0 |
 CACC | $6B | 15.4 | 10.5 | 5.7 | 98.7% | 47.6% | 25.9% | 10.4% | 5.6 |
 BABA | $250B | 16.5 | 16.6 | — | 39.8% | 5.8% | 9.4% | 3.8% | 2.4 |
 JD | $38B | 14.5 | 18.6 | 53.2 | 9.3% | 0.2% | 6.5% | 0.8% | 9.3 |
 PDD | $112B | 8.2 | 6.0 | 7.1 | 56.3% | 21.6% | 26.9% | 27.7% | 0.1 |
| Financial Services Median | — | 13.6 | 11.4 | 11.1 | 64.1% | 20.3% | 9.0% | 5.5% | 4.3 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 11 years · Updated daily
Consensus-Based Analysis Tools
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Check Valuation
Historical Returns
10-year return with dividends reinvested.
Calculate
DCA Calculator
See how regular investing compounds over time.
Run Numbers
Peer Comparison
Compare growth, multiples, and margins vs sector.
Compare
LX — Frequently Asked Questions
Quick answers to the most common questions about buying LX stock.
What is LexinFintech Holdings Ltd.'s P/E ratio?
LexinFintech Holdings Ltd.'s current P/E ratio is 1.5x. The historical average is 1.8x. This places it at the 78th percentile of its historical range.
What is LexinFintech Holdings Ltd.'s EV/EBITDA?
LexinFintech Holdings Ltd.'s current EV/EBITDA is 1.4x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 6.6x.
What is LexinFintech Holdings Ltd.'s ROE?
LexinFintech Holdings Ltd.'s return on equity (ROE) is 14.4%. The historical average is -4.0%.
Is LX stock overvalued?
Based on historical data, LexinFintech Holdings Ltd. is trading at a P/E of 1.5x. This is at the 78th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is LexinFintech Holdings Ltd.'s dividend yield?
LexinFintech Holdings Ltd.'s current dividend yield is 15.95% with a payout ratio of 23.5%.
What are LexinFintech Holdings Ltd.'s profit margins?
LexinFintech Holdings Ltd. has 72.3% gross margin and 17.7% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does LexinFintech Holdings Ltd. have?
LexinFintech Holdings Ltd.'s Debt/EBITDA ratio is 2.0x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.