Mizuho Financial Group, Inc. (MFG) Financial Ratios
24 years of historical data (2003–2026) · Financial Services · Banks - Regional
EV/EBITDA
↑
12.48
↑+448% vs avg
5yr avg: 2.28
30Y Low2.3·High30.1
P/FCF
↑
41.53
↑+67975% vs avg
5yr avg: 0.06
30Y Low0.0·High0.2
P/B Ratio
↑
1.80
↑+32591% vs avg
5yr avg: 0.01
30Y Low0.0·High0.0
ROE
↑
12.0%
↓+53% vs avg
5yr avg: 7.9%
30Y Low-61%·High29%
Debt/EBITDA
↓
33.84
↓-27% vs avg
5yr avg: 46.13
30Y Low13.2·High49.2
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
MFG Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Mizuho Financial Group, Inc. trades at 15.5x earnings, 21888% above its 5-year average of 0.1x, sitting at the 100th percentile of its historical range. Compared to the Financial Services sector median P/E of 13.6x, the stock trades at a premium of 14%. On a free-cash-flow basis, the stock trades at 41.5x P/FCF, 67975% above the 5-year average of 0.1x.
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $125.6B | $98.6B | $69.7B | $50.4B | $35.7B | $32.6B | $36.9B | $29.3B | $38.8B | $46.9B | $46.8B |
| Enterprise Value | $152.9B | $4.50T | $-11526057224800 | $-13973273967500 | $-21780011594500 | $-10362340738300 | $-7635360517400 | $-5832449612800 | $-14852411647590 | $-15355648229500 | $-30939766310338 |
| P/E Ratio → | 15.52 | 0.07 | 0.08 | 0.07 | 0.06 | 0.06 | 0.08 | 0.07 | 0.40 | 0.08 | 0.08 |
| P/S Ratio | 2.13 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 | 0.02 |
| P/B Ratio | 1.80 | 0.01 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 |
| P/FCF | 41.53 | 0.20 | — | 0.03 | 0.00 | 0.01 | 0.00 | 0.02 | — | 0.02 | 0.01 |
| P/OCF | 34.31 | 0.17 | — | 0.03 | 0.00 | 0.01 | 0.00 | 0.02 | — | 0.02 | 0.01 |
P/E links to full P/E history page with 30-year chart
MFG EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Mizuho Financial Group, Inc.'s enterprise value stands at 12.5x EBITDA, 448% above its 5-year average of 2.3x. The Financial Services sector median is 11.4x, placing the stock at a 9% premium on an enterprise-value basis.
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.47 | -1.34 | -1.78 | -4.46 | -3.66 | -2.64 | -1.62 | -4.26 | -4.92 | -10.29 |
| EV / EBITDA | 12.48 | 2.28 | -8.26 | -12.33 | -23.03 | -13.47 | -9.32 | -7.52 | -51.47 | -15.70 | -32.46 |
| EV / EBIT | 14.33 | 2.61 | -9.69 | -14.63 | -27.96 | -17.16 | -11.71 | -9.43 | -127.75 | -19.20 | -39.45 |
| EV / FCF | — | 9.22 | — | -8.58 | -2.51 | -2.17 | -0.47 | -3.50 | — | -5.63 | -7.20 |
MFG Profitability
Margins and return-on-capital ratios measuring operating efficiency
Mizuho Financial Group, Inc. earns an operating margin of 18.1%, below the Financial Services sector average of 20.3%. Operating margins have expanded from 12.2% to 18.1% over the past 3 years, signaling improving operational efficiency. ROE of 12.0% is modest. ROIC of 1.7% represents below-average 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 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 48.9% | 48.9% | 41.8% | 36.5% | 52.8% | 80.6% | 78.1% | 59.6% | 62.3% | 78.9% | 79.2% |
| Operating Margin | 18.1% | 18.1% | 13.8% | 12.2% | 15.9% | 21.3% | 22.6% | 17.2% | 3.3% | 25.6% | 26.1% |
| Net Profit Margin | 14.0% | 14.0% | 10.3% | 8.6% | 11.4% | 18.7% | 16.3% | 12.5% | 2.8% | 18.5% | 20.1% |
Return on Capital
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 12.0% | 12.0% | 8.5% | 7.0% | 6.0% | 5.7% | 5.2% | 5.0% | 1.0% | 6.0% | 6.5% |
| ROA | 0.5% | 0.5% | 0.3% | 0.3% | 0.2% | 0.2% | 0.2% | 0.2% | 0.0% | 0.3% | 0.3% |
| ROIC | 1.7% | 1.7% | 1.3% | 1.2% | 1.1% | 0.9% | 1.0% | 1.1% | 0.2% | 1.8% | 1.7% |
| ROCE | 1.1% | 1.1% | 1.9% | 1.6% | 1.4% | 1.2% | 1.4% | 1.5% | 0.3% | 0.7% | 0.6% |
MFG Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Mizuho Financial Group, Inc. carries a Debt/EBITDA ratio of 33.8x, which is highly leveraged (694% above the sector average of 4.3x). Net debt stands at $4.4T ($66.9T total debt minus $62.5T cash). Interest coverage of just 0.4x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 5.84 | 5.84 | 5.79 | 5.72 | 4.92 | 4.45 | 4.31 | 4.06 | 3.29 | 3.29 | 1.74 |
| Debt / EBITDA | 33.84 | 33.84 | 43.62 | 52.02 | 47.93 | 53.23 | 49.21 | 45.40 | 104.73 | 33.06 | 16.93 |
| Net Debt / Equity | — | 0.38 | -1.10 | -1.36 | -2.37 | -1.13 | -0.82 | -0.68 | -1.62 | -1.57 | -3.34 |
| Net Debt / EBITDA | 2.23 | 2.23 | -8.31 | -12.38 | -23.06 | -13.51 | -9.37 | -7.56 | -51.61 | -15.75 | -32.51 |
| Debt / FCF | — | 9.02 | — | -8.61 | -2.51 | -2.18 | -0.47 | -3.52 | — | -5.65 | -7.21 |
| Interest Coverage | 0.36 | 0.36 | 0.24 | 0.20 | 0.35 | 1.91 | 1.52 | 0.48 | 0.09 | 0.98 | 1.36 |
MFG Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Mizuho Financial Group, Inc.'s current ratio of 2.04x 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 0.34x to 2.04x over the past 3 years.
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.04 | 2.04 | 0.39 | 0.34 | 0.34 | 0.28 | 0.42 | 0.35 | 0.39 | 0.45 | 37.73 |
| Quick Ratio | 2.04 | 2.04 | 0.39 | 0.34 | 0.34 | 0.28 | 0.42 | 0.35 | 0.39 | 0.45 | 37.73 |
| Cash Ratio | 1.37 | 1.37 | 0.33 | 0.34 | 0.34 | 0.28 | 0.27 | 0.24 | 0.28 | 0.30 | 11.22 |
| Asset Turnover | — | 0.03 | 0.03 | 0.03 | 0.02 | 0.01 | 0.01 | 0.02 | 0.02 | 0.02 | 0.01 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
MFG Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Mizuho Financial Group, Inc. returns 4.0% to shareholders annually — split between a 1.9% dividend yield and 2.1% buyback yield. The payout ratio of 29.5% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 6.4% (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 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 1.9% | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | 29.5% | 29.5% | 34.4% | 34.6% | 37.7% | 37.1% | 40.4% | 42.4% | 197.2% | 33.0% | 31.5% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 6.4% | 1348.2% | 1271.1% | 1346.2% | 1554.6% | 1628.4% | 1276.6% | 1531.2% | 248.7% | 1228.1% | 1288.9% |
| FCF Yield | 2.4% | 494.8% | — | 3227.5% | 24301.7% | 14667.8% | 44441.8% | 5684.0% | — | 5809.5% | 9180.5% |
| Buyback Yield | 2.1% | — | — | — | — | — | — | — | — | — | — |
| Total Shareholder Yield | 4.0% | — | — | — | — | — | — | — | — | — | — |
| Shares Outstanding | — | $12.4B | $12.6B | $12.7B | $12.7B | $12.7B | $12.7B | $12.7B | $12.7B | $12.7B | $12.7B |
Peer Comparison
Compare MFG 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 |
|---|---|---|---|---|---|---|---|---|---|
 MFGYou | $126B | 15.5 | 12.5 | 41.5 | 48.9% | 18.1% | 12.0% | 1.7% | 33.8 |
 MUFG | $238B | 15.1 | 6.4 | 4.7 | 56.8% | 24.7% | 11.3% | 2.5% | 19.7 |
 SMFG | $96B | 15.5 | 0.1 | 2.1 | 54.3% | 22.1% | 10.9% | 2.4% | 21.8 |
 DB | $67B | 9.9 | 14.6 | — | 49.9% | 16.0% | 8.7% | 2.6% | 26.2 |
 BBVA | $137B | 12.6 | 6.1 | 8.5 | 83.6% | 43.9% | 17.3% | 7.0% | 4.6 |
 ING | $90B | 12.9 | 21.3 | — | 94.3% | 39.7% | 12.4% | 3.1% | 18.5 |
 SAN | $198B | 13.5 | 22.4 | — | 40.0% | 15.6% | 12.8% | 2.3% | 22.7 |
 JPM | $909B | 16.2 | 18.5 | 9.0 | 59.9% | 26.0% | 16.1% | 4.5% | 11.6 |
 BAC | $424B | 14.7 | 14.0 | 33.6 | 56.1% | 19.7% | 10.2% | 3.5% | 9.1 |
 C | $267B | 20.5 | 27.4 | 12.0 | 44.6% | 11.8% | 6.7% | 1.7% | 31.0 |
 WFC | $265B | 13.0 | 17.6 | — | 64.8% | 20.4% | 11.7% | 3.5% | 14.5 |
| 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 · 24 years · Updated daily
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MFG — Frequently Asked Questions
Quick answers to the most common questions about buying MFG stock.
What is Mizuho Financial Group, Inc.'s P/E ratio?
Mizuho Financial Group, Inc.'s current P/E ratio is 15.5x. The historical average is 0.1x. This places it at the 100th percentile of its historical range.
What is Mizuho Financial Group, Inc.'s EV/EBITDA?
Mizuho Financial Group, Inc.'s current EV/EBITDA is 12.5x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 19.9x.
What is Mizuho Financial Group, Inc.'s ROE?
Mizuho Financial Group, Inc.'s return on equity (ROE) is 12.0%. The historical average is 3.6%.
Is MFG stock overvalued?
Based on historical data, Mizuho Financial Group, Inc. is trading at a P/E of 15.5x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Mizuho Financial Group, Inc.'s dividend yield?
Mizuho Financial Group, Inc.'s current dividend yield is 1.90% with a payout ratio of 29.5%.
What are Mizuho Financial Group, Inc.'s profit margins?
Mizuho Financial Group, Inc. has 48.9% gross margin and 18.1% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does Mizuho Financial Group, Inc. have?
Mizuho Financial Group, Inc.'s Debt/EBITDA ratio is 33.8x, indicating high leverage. A ratio above 4x may signal elevated financial risk.