Latest Ratios: P/E Ratio 8.7x · EV/EBITDA 22.0x · ROE 23.8%. (2009–2025 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 | $6.6B | $8.1B | $6.3B | $5.9B | $4.1B | $6.7B | $6.5B | $5.7B | $3.3B | $3.5B | $3.0B |
| Enterprise Value | $28.4B | $29.8B | $27.2B | $24.7B | $21.9B | $23.9B | $22.0B | $21.7B | $17.8B | $17.6B | $16.4B |
| P/E Ratio → | 8.73 | 10.30 | 12.29 | 9.27 | 4.75 | 5.06 | 8.90 | 6.72 | 7.38 | 19.25 | 13.92 |
| P/S Ratio | 1.33 | 1.62 | 1.38 | 1.39 | 0.99 | 1.65 | 1.66 | 1.55 | 0.98 | 1.19 | 1.04 |
| P/B Ratio | 2.01 | 2.37 | 1.96 | 1.86 | 1.37 | 2.15 | 1.89 | 1.33 | 0.87 | 1.08 | 0.98 |
| P/FCF | 2.11 | 2.57 | 2.32 | 2.36 | 1.74 | 2.96 | 2.94 | 2.43 | 1.61 | 2.26 | 2.24 |
| P/OCF | 2.11 | 2.57 | 2.32 | 2.36 | 1.74 | 2.96 | 2.94 | 2.43 | 1.61 | 2.27 | 2.26 |
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 | — | 6.00 | 6.00 | 5.78 | 5.22 | 5.91 | 5.64 | 5.85 | 5.29 | 5.92 | 5.70 |
| EV / EBITDA | 22.05 | 23.17 | 28.86 | 22.55 | 15.47 | 11.90 | 17.75 | 15.87 | 19.50 | 23.17 | 18.67 |
| EV / EBIT | 28.37 | 29.81 | 40.84 | 29.45 | 18.98 | 13.71 | 22.54 | 19.79 | 28.53 | 40.81 | 45.99 |
| EV / FCF | — | 9.53 | 10.09 | 9.82 | 9.19 | 10.62 | 9.96 | 9.20 | 8.70 | 11.28 | 12.27 |
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 | 47.6% | 47.6% | 43.6% | 48.3% | 54.9% | 69.2% | 52.4% | 55.2% | 54.7% | 53.2% | 52.1% |
| Operating Margin | 16.0% | 16.0% | 11.7% | 15.9% | 22.7% | 35.0% | 19.8% | 23.5% | 14.7% | 11.4% | 9.5% |
| Net Profit Margin | 12.5% | 12.5% | 8.9% | 12.1% | 17.1% | 26.4% | 14.8% | 18.3% | 10.5% | 4.8% | 5.8% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 23.8% | 23.8% | 16.0% | 20.7% | 28.6% | 40.2% | 18.8% | 21.0% | 12.6% | 5.8% | 7.4% |
| ROA | 2.9% | 2.9% | 2.0% | 2.7% | 3.9% | 5.9% | 3.2% | 4.0% | 2.3% | 1.0% | 1.1% |
| ROIC | 3.0% | 3.0% | 2.1% | 2.8% | 4.1% | 6.2% | 3.4% | 4.1% | 2.5% | 1.8% | 1.4% |
| ROCE | 3.8% | 3.8% | 2.7% | 3.6% | 5.2% | 7.8% | 4.3% | 5.1% | 3.3% | 2.3% | 1.9% |
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 | 6.67 | 6.67 | 6.72 | 6.22 | 6.06 | 5.74 | 5.17 | 3.98 | 4.00 | 4.59 | 4.55 |
| Debt / EBITDA | 17.62 | 17.62 | 22.71 | 18.06 | 12.90 | 8.85 | 14.34 | 12.57 | 16.62 | 19.83 | 15.92 |
| Net Debt / Equity | — | 6.40 | 6.57 | 5.90 | 5.90 | 5.56 | 4.51 | 3.69 | 3.82 | 4.29 | 4.36 |
| Net Debt / EBITDA | 16.91 | 16.91 | 22.22 | 17.14 | 12.55 | 8.58 | 12.51 | 11.68 | 15.88 | 18.53 | 15.26 |
| Debt / FCF | — | 6.96 | 7.77 | 7.46 | 7.45 | 7.66 | 7.02 | 6.77 | 7.09 | 9.02 | 10.03 |
| Interest Coverage | 0.79 | 0.79 | 0.56 | 0.82 | 1.29 | 1.86 | 0.95 | 1.13 | 0.71 | 0.53 | 0.42 |
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 | — | — | — | — | — | — | — | — | 3.80 | — | 6.58 |
| Quick Ratio | — | — | — | — | — | — | — | — | 3.80 | — | 6.58 |
| Cash Ratio | — | — | — | — | — | — | — | — | 1.09 | — | 1.63 |
| Asset Turnover | — | 0.23 | 0.22 | 0.22 | 0.23 | 0.23 | 0.22 | 0.21 | 0.21 | 0.19 | 0.21 |
| 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 | 4.5% | 3.8% | 8.9% | 7.0% | 11.6% | 19.1% | 12.4% | 7.1% | — | — | 0.6% |
| Payout Ratio | 39.5% | 39.5% | 110.0% | 64.6% | 55.0% | 97.0% | 110.4% | 47.7% | — | — | 8.4% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 11.5% | 9.7% | 8.1% | 10.8% | 21.0% | 19.7% | 11.2% | 14.9% | 13.5% | 5.2% | 7.2% |
| FCF Yield | 47.3% | 38.8% | 43.1% | 42.4% | 57.6% | 33.7% | 34.0% | 41.1% | 61.9% | 44.2% | 44.6% |
| Buyback Yield | 2.3% | 1.9% | 0.6% | 1.1% | 7.3% | 5.5% | 0.7% | 0.0% | 0.3% | 0.1% | 0.2% |
| Total Shareholder Yield | 6.9% | 5.7% | 9.5% | 8.1% | 18.9% | 24.7% | 13.1% | 7.1% | 0.3% | 0.1% | 0.8% |
| Shares Outstanding | — | $119M | $120M | $121M | $124M | $133M | $135M | $136M | $136M | $136M | $135M |
Includes 30+ ratios · 17 years · Updated daily
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Quick answers to the most common questions about buying OMF stock.
OneMain Holdings, Inc.'s current P/E ratio is 8.7x. The historical average is 9.6x. This places it at the 45th percentile of its historical range.
OneMain Holdings, Inc.'s current EV/EBITDA is 22.0x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 19.1x.
OneMain Holdings, Inc.'s return on equity (ROE) is 23.8%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 11.2%.
Based on historical data, OneMain Holdings, Inc. is trading at a P/E of 8.7x. This is at the 45th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
OneMain Holdings, Inc.'s current dividend yield is 4.52% with a payout ratio of 39.5%.
OneMain Holdings, Inc. has 47.6% gross margin and 16.0% operating margin. Operating margin between 10-20% is typical for established companies.
OneMain Holdings, Inc.'s Debt/EBITDA ratio is 17.6x, indicating high leverage. A ratio above 4x may signal elevated financial risk.
Key Metrics
Top Statement Risk
Credit deterioration and leverage
Metrics are mathematically derived from official filings.
Premium Priced, Cyclical Earnings
OMF trades at 2.22x tangible book, a premium to peers, implying the market expects sustained high returns. According to recent filings, P/E of 9.63x is low, but earnings volatility from credit costs warrants caution.
The P/B of 2.22x is above the peer average (SLM 2.18x, ENVA 4.68x, WRLD 2.70x), suggesting the market prices OMF as a premium franchise due to its branch network and recovery capabilities. However, the forward P/E of 8.69x is modest, reflecting skepticism about earnings sustainability. The implied ROTCE, given tangible book of $14.08, is high, but the recent EPS miss indicates that achieving such returns may be challenging if credit costs normalize.
ROE Decomposition Reveals Leverage Dependence
ROE of 4.5% in 2026Q2 is down from 6.7% in 2026Q1, driven by a spike in efficiency ratio to 47.8%. As reported in financial statements, NIM stable at 4.1%, but leverage (Eq/TA 12%) amplifies earnings swings.
DuPont decomposition shows ROE is driven by NIM (4.1%) and asset utilization, but the efficiency ratio deterioration from ~30% to 47.8% in 2026Q2 indicates cost pressures. The high leverage (D/E 6.67) magnifies ROE, but also increases sensitivity to credit losses. The fee income contribution (11.3% of revenue) provides some diversification, but its decline from 13.4% in 2024Q1 suggests a shift toward interest income, which may be less stable.
NIM Stability Masks Cost Pressures
NIM held at 4.1% in 2026Q2, but efficiency ratio jumped to 47.8% from 39.8% in 2026Q1, per company data. This suggests funding costs are stable, but operating expenses are rising, pressuring margins.
The stable NIM indicates that asset yields are keeping pace with funding costs, but the efficiency ratio spike is concerning. It may reflect investments in the new credit card business or higher collection costs. If the efficiency ratio remains elevated, it could compress net margins despite stable NIM. Investors should monitor whether this is a one-time event or a trend.
Leverage Leaves Thin Capital Buffer
Equity/assets ratio of 12% and D/E of 6.67 indicate high leverage, leaving limited cushion for credit losses. Based on reported figures, capital adequacy appears adequate but strained relative to regulatory minimums.
OMF's capital ratios are not disclosed in the provided data, but the high leverage suggests a thin capital buffer. The recent EPS miss and provision volatility (from $543M charge to $1M benefit) indicate that credit losses could erode capital quickly. While the dividend yield of 4.1% is attractive, it may be at risk if capital needs to be conserved. The lack of a deposit base means reliance on wholesale funding, which can be volatile.
Provision Volatility Signals Credit Stress
Provision swung from a $543M charge in 2025Q4 to a $1M benefit in 2026Q2, while EPS missed consensus by 29%. As per financial statements, this suggests credit quality is deteriorating, warranting close monitoring.
The dramatic swing in provisions indicates that credit loss expectations are highly uncertain. The EPS miss, despite revenue growth, suggests that credit costs are rising. The normalization of consumer credit metrics, as noted in recent context, may lead to higher charge-offs. The adequacy of reserves is questionable given the volatility; investors should watch delinquency trends and NCO rates.
P/E Misleads Due to Provision Volatility
P/E of 9.63x appears cheap, but provision swings distort earnings. According to financial statements, the $1M provision benefit in 2026Q2 versus $543M charge in 2025Q4 makes P/E unreliable; adjusted earnings should be used.
The most commonly misapplied ratio for OMF is P/E, because earnings are heavily influenced by credit provisions, which are volatile and not indicative of cash flow. A better metric is P/TBV or P/B, which reflects the balance sheet's intrinsic value. Additionally, investors should adjust earnings for provision normalization to get a clearer picture of underlying profitability. The high leverage also overstates ROE, so ROTCE may be more meaningful.