30 years of historical data (1995–2024) · Financial Services · Financial - Capital Markets
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Oppenheimer Holdings Inc. trades at 13.5x earnings, 36% above its 5-year average of 10.0x, sitting at the 48th percentile of its historical range. This is roughly in line with the Financial Services sector median P/E of 13.8x.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $899M | $720M | $481M | $534M | $630M | $415M | $381M | $359M | $366M | $249M | $248M |
| Enterprise Value | $1.6B | $1.4B | $1.0B | $1.1B | $1.1B | $1.0B | $914M | $1.0B | $1.3B | $910M | $1.1B |
| P/E Ratio → | 13.55 | 10.06 | 15.95 | 16.47 | 3.96 | 3.38 | 7.19 | 12.46 | 16.05 | — | 124.14 |
| P/S Ratio | 0.63 | 0.50 | 0.39 | 0.48 | 0.45 | 0.35 | 0.37 | 0.37 | 0.40 | 0.29 | 0.28 |
| P/B Ratio | 1.14 | 0.85 | 0.61 | 0.65 | 0.66 | 0.61 | 0.64 | 0.31 | 0.70 | 0.48 | 0.47 |
| P/FCF | — | — | — | 11.08 | 2.87 | — | 5.51 | 2.25 | — | — | — |
| P/OCF | — | — | — | 8.28 | 2.77 | — | 4.81 | 2.13 | — | — | — |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
Oppenheimer Holdings Inc.'s enterprise value stands at 4.5x EBITDA, 25% above its 5-year average of 3.6x. The Financial Services sector median is 11.1x, placing the stock at a 59% discount on an enterprise-value basis.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.96 | 0.84 | 0.95 | 0.76 | 0.87 | 0.88 | 1.04 | 1.39 | 1.06 | 1.27 |
| EV / EBITDA | 4.54 | 4.02 | 3.25 | 4.51 | 2.79 | 3.56 | 3.76 | 5.02 | 7.65 | 7.29 | 8.19 |
| EV / EBIT | 5.10 | 7.09 | 9.07 | 15.19 | 4.51 | 5.65 | 7.58 | 10.96 | 26.69 | — | 82.18 |
| EV / FCF | — | — | — | 21.89 | 4.81 | — | 13.22 | 6.27 | — | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Oppenheimer Holdings Inc. earns an operating margin of 21.3%, roughly in line with the Financial Services sector average. Operating margins have expanded from 17.9% to 21.3% over the past 3 years, signaling improving operational efficiency. ROE of 8.7% is modest, trailing the sector median of 9.1%. ROIC of 15.7% represents solid returns on invested capital versus a sector median of 5.4%.
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 32.7% | 32.7% | 35.4% | 31.0% | 34.8% | 33.8% | 34.2% | 34.2% | 32.0% | 28.9% | 29.1% |
| Operating Margin | 21.3% | 21.3% | 22.8% | 17.9% | 24.7% | 21.7% | 20.3% | 20.1% | 17.5% | 13.6% | 14.7% |
| Net Profit Margin | 5.0% | 5.0% | 2.4% | 2.9% | 11.4% | 10.3% | 5.1% | 3.0% | 2.5% | -0.1% | 0.2% |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 8.7% | 8.7% | 3.7% | 3.6% | 19.4% | 19.2% | 6.0% | 3.4% | 4.4% | -0.2% | 0.4% |
| ROA | 2.3% | 2.3% | 1.1% | 1.1% | 5.5% | 4.7% | 2.3% | 1.2% | 1.0% | -0.0% | 0.1% |
| ROIC | 15.7% | 15.7% | 15.0% | 9.8% | 17.5% | 15.3% | 10.1% | 8.5% | 8.9% | 6.4% | 6.7% |
| ROCE | 11.5% | 11.5% | 13.3% | 9.4% | 15.4% | 13.2% | 12.1% | 10.9% | 9.2% | 6.7% | 7.1% |
Solvency and debt-coverage ratios — lower is generally safer
Oppenheimer Holdings Inc. carries a Debt/EBITDA ratio of 2.0x, which is manageable (51% below the sector average of 4.1x). Net debt stands at $654M ($688M total debt minus $33M cash). Interest coverage of 3.5x is adequate, though a cyclical earnings downturn could tighten the margin of safety.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.81 | 0.81 | 0.75 | 0.77 | 0.67 | 0.97 | 1.03 | 0.63 | 1.83 | 1.42 | 1.82 |
| Debt / EBITDA | 2.01 | 2.01 | 1.85 | 2.71 | 1.69 | 2.26 | 2.52 | 3.67 | 5.75 | 5.82 | 6.86 |
| Net Debt / Equity | — | 0.77 | 0.72 | 0.63 | 0.45 | 0.92 | 0.90 | 0.55 | 1.74 | 1.29 | 1.70 |
| Net Debt / EBITDA | 1.91 | 1.91 | 1.76 | 2.23 | 1.13 | 2.14 | 2.20 | 3.22 | 5.46 | 5.30 | 6.41 |
| Debt / FCF | — | — | — | 10.81 | 1.95 | — | 7.71 | 4.02 | — | — | — |
| Interest Coverage | 3.46 | 3.46 | 4.14 | 8.35 | 34.94 | 16.59 | 4.59 | 4.15 | 5.70 | 6.01 | 8.06 |
Short-term solvency ratios and asset-utilisation metrics
Oppenheimer Holdings Inc.'s current ratio of 6.12x 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 2.35x to 6.12x over the past 3 years.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 6.12 | 6.12 | 4.18 | 2.35 | 2.92 | 2.61 | 1.71 | 1.69 | 1.88 | 1.68 | 1.42 |
| Quick Ratio | 6.12 | 6.12 | 4.18 | 2.35 | 2.92 | 2.61 | 1.71 | 1.69 | 1.88 | 1.68 | 1.42 |
| Cash Ratio | 0.07 | 0.07 | 0.05 | 0.14 | 0.29 | 0.06 | 0.12 | 0.16 | 0.09 | 0.10 | 0.08 |
| Asset Turnover | — | 0.42 | 0.43 | 0.41 | 0.46 | 0.44 | 0.42 | 0.43 | 0.38 | 0.38 | 0.33 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Oppenheimer Holdings Inc. returns 1.8% to shareholders annually — split between a 0.7% dividend yield and 1.1% buyback yield. The payout ratio of 9.6% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 7.4% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 0.7% | 1.0% | 1.3% | 1.3% | 3.1% | 4.5% | 1.6% | 1.6% | 1.6% | 2.4% | 2.4% |
| Payout Ratio | 9.6% | 9.6% | 21.4% | 21.8% | 12.2% | 15.1% | 11.2% | 20.2% | 25.6% | — | 306.2% |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 7.4% | 9.9% | 6.3% | 6.1% | 25.2% | 29.6% | 13.9% | 8.0% | 6.2% | — | 0.8% |
| FCF Yield | — | — | — | 9.0% | 34.9% | — | 18.2% | 44.4% | — | — | — |
| Buyback Yield | 1.1% | 1.3% | 7.3% | 11.4% | 1.2% | 3.6% | 2.2% | 1.6% | 2.0% | 1.6% | 3.3% |
| Total Shareholder Yield | 1.8% | 2.3% | 8.6% | 12.7% | 4.3% | 8.1% | 3.8% | 3.3% | 3.6% | 3.9% | 5.7% |
| Shares Outstanding | — | $11M | $12M | $13M | $14M | $13M | $14M | $14M | $14M | $13M | $14M |
Compare OPY 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 |
|---|---|---|---|---|---|---|---|---|---|
| OPYYou | $899M | 13.5 | 4.5 | — | 32.7% | 21.3% | 8.7% | 15.7% | 2.0 |
| SCHW | $169B | 31.8 | 18.9 | 82.5 | 75.4% | 29.6% | 13.3% | 6.0% | 4.9 |
| HOOD | $67B | 48.6 | 62.0 | — | 82.9% | 35.8% | 19.2% | 6.2% | 6.6 |
| FUTU | $53B | 30.0 | 60.4 | 13.4 | 82.0% | 48.7% | 20.7% | 14.8% | 1.3 |
| RJF | $30B | 14.9 | 4.9 | 13.5 | 88.2% | 28.7% | 17.7% | 20.9% | 1.0 |
| LPLA | $24B | 27.5 | 10.4 | — | 25.6% | 13.4% | 20.9% | 16.1% | 2.5 |
| XP | $9B | 13.5 | — | 4.3 | 9.5% | -19.7% | 22.9% | -2.6% | — |
| SF | $8B | 11.8 | 7.3 | 18.1 | 82.9% | 15.8% | 13.3% | 8.4% | 2.7 |
| ETOR | $1B | 3.5 | -7.3 | 5.4 | 5.4% | 2.1% | 26.9% | 26.8% | 0.2 |
| TIGR | $763M | 21.7 | 3.7 | 0.9 | 65.0% | 35.6% | 10.5% | 13.8% | 1.2 |
| SIEB | $77M | 5.8 | 2.7 | 9.1 | 43.4% | 21.7% | 17.1% | 15.4% | 0.4 |
| Financial Services Median | — | 13.8 | 11.1 | 11.2 | 60.2% | 21.9% | 9.1% | 5.4% | 4.1 |
Peers based on L4 peer group classification. Compare multiple stocks →
Includes 30+ ratios · 30 years · Updated daily
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Start ComparisonOppenheimer Holdings Inc.'s current P/E ratio is 13.5x. The historical average is 18.4x. This places it at the 48th percentile of its historical range.
Oppenheimer Holdings Inc.'s current EV/EBITDA is 4.5x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 6.4x.
Oppenheimer Holdings Inc.'s return on equity (ROE) is 8.7%. The historical average is 8.9%.
Based on historical data, Oppenheimer Holdings Inc. is trading at a P/E of 13.5x. This is at the 48th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Oppenheimer Holdings Inc.'s current dividend yield is 0.71% with a payout ratio of 9.6%.
Oppenheimer Holdings Inc. has 32.7% gross margin and 21.3% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
Oppenheimer Holdings Inc.'s Debt/EBITDA ratio is 2.0x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.