Mizuho Financial Group, Inc. (MFG) Financial Ratios
23 years of historical data (2003–2025) · Financial Services · Banks - Regional
EV/EBITDA
↑
3.88
—
5yr avg: N/A
30Y Low15.7·High30.1
P/FCF
↑
N/A
—
5yr avg: 0.01
30Y Low0.0·High0.0
P/B Ratio
↑
1.66
↑+36191% vs avg
5yr avg: 0.00
30Y Low0.0·High0.0
ROE
↑
8.5%
↓+31% vs avg
5yr avg: 6.5%
30Y Low-61%·High29%
Debt/EBITDA
↓
43.62
↓-11% vs avg
5yr avg: 49.20
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 19.7x earnings, 27534% 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 13.4x, the stock trades at a premium of 48%.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $108.9B | $69.7B | $50.4B | $35.7B | $32.6B | $36.9B | $29.3B | $38.8B | $46.9B | $46.8B | $37.3B |
| Enterprise Value | $34.6B | $-11526057224800 | $-13973273967500 | $-21780011594500 | $-10362340738300 | $-7635360517400 | $-5832449612800 | $-14852411647590 | $-15355648229500 | $-30939766310338 | $-1456118954952 |
| P/E Ratio → | 19.73 | 0.08 | 0.07 | 0.06 | 0.06 | 0.08 | 0.07 | 0.40 | 0.08 | 0.08 | 0.06 |
| P/S Ratio | 1.98 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 | 0.02 | 0.01 |
| P/B Ratio | 1.66 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 |
| P/FCF | — | — | 0.03 | 0.00 | 0.01 | 0.00 | 0.02 | — | 0.02 | 0.01 | 0.01 |
| P/OCF | — | — | 0.03 | 0.00 | 0.01 | 0.00 | 0.02 | — | 0.02 | 0.01 | 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 3.9x EBITDA. The Financial Services sector median is 11.4x, placing the stock at a 66% 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 | — | -1.34 | -1.78 | -4.46 | -3.66 | -2.64 | -1.62 | -4.26 | -4.92 | -10.29 | -0.50 |
| EV / EBITDA | 3.88 | -8.26 | -12.33 | -23.03 | -13.47 | -9.32 | -7.52 | -51.47 | -15.70 | -32.46 | -1.25 |
| EV / EBIT | 4.55 | -9.69 | -14.63 | -27.96 | -17.16 | -11.71 | -9.43 | -127.75 | -19.20 | -39.45 | -1.44 |
| EV / FCF | — | — | -8.58 | -2.51 | -2.17 | -0.47 | -3.50 | — | -5.63 | -7.20 | -0.39 |
MFG Profitability
Margins and return-on-capital ratios measuring operating efficiency
Mizuho Financial Group, Inc. earns an operating margin of 13.8%, below the Financial Services sector average of 21.2%. Operating margins have compressed from 15.9% to 13.8% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 8.5% is modest, trailing the sector median of 9.4%. ROIC of 1.3% represents below-average returns on invested capital versus a sector median of 5.7%.
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 | 41.8% | 41.8% | 36.5% | 52.8% | 80.6% | 78.1% | 59.6% | 62.3% | 78.9% | 79.2% | 84.6% |
| Operating Margin | 13.8% | 13.8% | 12.2% | 15.9% | 21.3% | 22.6% | 17.2% | 3.3% | 25.6% | 26.1% | 34.3% |
| Net Profit Margin | 10.3% | 10.3% | 8.6% | 11.4% | 18.7% | 16.3% | 12.5% | 2.8% | 18.5% | 20.1% | 22.8% |
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 | 8.5% | 8.5% | 7.0% | 6.0% | 5.7% | 5.2% | 5.0% | 1.0% | 6.0% | 6.5% | 7.0% |
| ROA | 0.3% | 0.3% | 0.3% | 0.2% | 0.2% | 0.2% | 0.2% | 0.0% | 0.3% | 0.3% | 0.4% |
| ROIC | 1.3% | 1.3% | 1.2% | 1.1% | 0.9% | 1.0% | 1.1% | 0.2% | 1.8% | 1.7% | 2.1% |
| ROCE | 2.1% | 2.1% | 1.6% | 1.4% | 1.2% | 1.4% | 1.5% | 0.3% | 0.7% | 0.6% | 0.9% |
MFG Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Mizuho Financial Group, Inc. carries a Debt/EBITDA ratio of 43.6x, which is highly leveraged (956% above the sector average of 4.1x). The company holds a net cash position — cash of $72.5T exceeds total debt of $60.9T, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns. Interest coverage of just 0.2x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 5.79 | 5.79 | 5.72 | 4.92 | 4.45 | 4.31 | 4.06 | 3.29 | 3.29 | 1.74 | 3.72 |
| Debt / EBITDA | 43.62 | 43.62 | 52.02 | 47.93 | 53.23 | 49.21 | 45.40 | 104.73 | 33.06 | 16.93 | 29.79 |
| Net Debt / Equity | — | -1.10 | -1.36 | -2.37 | -1.13 | -0.82 | -0.68 | -1.62 | -1.57 | -3.34 | -0.16 |
| Net Debt / EBITDA | -8.31 | -8.31 | -12.38 | -23.06 | -13.51 | -9.37 | -7.56 | -51.61 | -15.75 | -32.51 | -1.28 |
| Debt / FCF | — | — | -8.61 | -2.51 | -2.18 | -0.47 | -3.52 | — | -5.65 | -7.21 | -0.40 |
| Interest Coverage | 0.24 | 0.24 | 0.20 | 0.35 | 1.91 | 1.52 | 0.48 | 0.09 | 0.98 | 1.36 | 2.39 |
Net cash position: cash ($72.48T) exceeds total debt ($60.89T)
MFG Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.53x is below 1.0, meaning current liabilities exceed current assets — though the company's $72.5T cash position helps mitigate short-term liquidity concerns. The current ratio has improved from 0.34x to 0.53x 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 | 0.53 | 0.53 | 0.34 | 0.34 | 0.28 | 0.42 | 0.35 | 0.39 | 0.45 | 37.73 | 0.44 |
| Quick Ratio | 0.53 | 0.53 | 0.34 | 0.34 | 0.28 | 0.42 | 0.35 | 0.39 | 0.45 | 37.73 | 0.44 |
| Cash Ratio | 0.31 | 0.31 | 0.34 | 0.34 | 0.28 | 0.27 | 0.24 | 0.28 | 0.30 | 11.22 | 0.25 |
| Asset Turnover | — | 0.03 | 0.03 | 0.02 | 0.01 | 0.01 | 0.02 | 0.02 | 0.02 | 0.01 | 0.02 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
MFG Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Mizuho Financial Group, Inc. returns 2.3% to shareholders annually — split between a 1.7% dividend yield and 0.6% buyback yield. The payout ratio of 34.4% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 5.1% (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 | 1.7% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| Payout Ratio | 34.4% | 34.4% | 34.6% | 37.7% | 37.1% | 40.4% | 42.4% | 197.2% | 33.0% | 31.5% | 29.1% |
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 | 5.1% | 1271.1% | 1346.2% | 1554.6% | 1628.4% | 1276.6% | 1531.2% | 248.7% | 1228.1% | 1288.9% | 1797.3% |
| FCF Yield | — | — | 3227.5% | 24301.7% | 14667.8% | 44441.8% | 5684.0% | — | 5809.5% | 9180.5% | 10125.2% |
| Buyback Yield | 0.6% | 100.0% | 6.7% | 6.5% | 5.9% | 19.7% | 100.0% | 5.5% | 3.4% | 6.7% | 0.0% |
| Total Shareholder Yield | 2.3% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| Shares Outstanding | — | $12.6B | $12.7B | $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 | $109B | 19.7 | 3.9 | — | 41.8% | 13.8% | 8.5% | 1.3% | 43.6 |
 MUFG | $208B | 18.0 | 4.3 | — | 56.5% | 20.5% | 8.8% | 2.0% | 30.1 |
 SMFG | $139B | 11.4 | 2.3 | 4.7 | 48.9% | 17.6% | 7.9% | 2.1% | 29.4 |
 DB | $61B | 8.8 | 13.9 | — | 49.9% | 16.0% | 8.7% | 2.6% | 26.2 |
 BBVA | $124B | 11.2 | 5.3 | 7.5 | 83.6% | 43.9% | 17.3% | 7.0% | 4.6 |
 ING | $86B | 12.0 | 20.8 | — | 94.3% | 39.7% | 12.4% | 3.1% | 18.5 |
 SAN | $182B | 12.1 | 21.6 | — | 40.0% | 15.6% | 12.8% | 2.3% | 22.7 |
 JPM | $849B | 15.9 | 13.6 | — | 58.6% | 27.7% | 17.4% | 5.4% | 9.0 |
 BAC | $408B | 14.0 | 14.8 | 32.3 | 55.4% | 18.5% | 10.2% | 3.2% | 10.0 |
 C | $223B | 21.4 | 25.1 | — | 41.7% | 10.0% | 6.1% | 1.6% | 27.7 |
 WFC | $249B | 15.0 | 10.6 | 81.9 | 62.2% | 18.6% | 10.7% | 3.7% | 9.1 |
| Financial Services Median | — | 13.4 | 11.4 | 10.6 | 63.4% | 21.2% | 9.4% | 5.7% | 4.1 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 23 years · Updated daily
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Start ComparisonMFG — 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 19.7x. 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 3.9x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 22.4x.
What is Mizuho Financial Group, Inc.'s ROE?
Mizuho Financial Group, Inc.'s return on equity (ROE) is 8.5%. The historical average is 3.3%.
Is MFG stock overvalued?
Based on historical data, Mizuho Financial Group, Inc. is trading at a P/E of 19.7x. 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 1.74% with a payout ratio of 34.4%.
What are Mizuho Financial Group, Inc.'s profit margins?
Mizuho Financial Group, Inc. has 41.8% gross margin and 13.8% 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 43.6x, indicating high leverage. A ratio above 4x may signal elevated financial risk.