PagSeguro Digital Ltd. (PAGS) Financial Ratios
12 years of historical data (2014–2025) · Technology · Software - Infrastructure
EV/EBITDA
↑
6.16
↑+67% vs avg
5yr avg: 3.68
30Y Low2.1·High8.8
P/FCF
↓
8.48
↑+332% vs avg
5yr avg: 1.96
30Y Low1.8·High176.8
P/B Ratio
↓
0.93
↓-16% vs avg
5yr avg: 1.10
30Y Low0.1·High10.4
ROE
↓
14.2%
↑-45% vs avg
5yr avg: 25.6%
30Y Low6%·High68%
Debt/EBITDA
↑
4.91
↑+64% vs avg
5yr avg: 2.98
30Y Low0.1·High5.4
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
PAGS Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
PagSeguro Digital Ltd. trades at 6.6x earnings, 131% above its 5-year average of 2.8x, sitting at the 63rd percentile of its historical range. Compared to the Technology sector median P/E of 29.0x, the stock trades at a discount of 77%. On a free-cash-flow basis, the stock trades at 8.5x P/FCF, 332% above the 5-year average of 2.0x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $2.5B | $2.9B | $2.0B | $4.0B | $2.9B | $8.7B | $18.8B | $11.2B | $6.0B | — | — |
| Enterprise Value | $10.8B | $45.4B | $41.7B | $17.5B | $13.0B | $9.1B | $18.6B | $10.9B | $3.2B | — | — |
| P/E Ratio → | 6.55 | 1.39 | 0.95 | 2.45 | 1.91 | 7.47 | 14.51 | 8.23 | 6.55 | — | — |
| P/S Ratio | 0.68 | 0.15 | 0.11 | 0.26 | 0.19 | 0.85 | 2.81 | 2.02 | 1.47 | — | — |
| P/B Ratio | 0.93 | 0.20 | 0.14 | 0.31 | 0.24 | 4.62 | 10.45 | 5.65 | 0.91 | — | — |
| P/FCF | 8.48 | 1.85 | — | 2.01 | 2.04 | — | 176.80 | — | — | — | — |
| P/OCF | 5.12 | 1.12 | — | 1.01 | 0.81 | 9.70 | 8.71 | 23.00 | — | — | — |
P/E links to full P/E history page with 30-year chart
PAGS EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
PagSeguro Digital Ltd.'s enterprise value stands at 6.2x EBITDA, 67% above its 5-year average of 3.7x. The Technology sector median is 16.7x, placing the stock at a 63% 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 | — | 2.34 | 2.28 | 1.12 | 0.86 | 0.89 | 2.78 | 1.95 | 0.79 | — | — |
| EV / EBITDA | 6.16 | 5.02 | 5.53 | 2.60 | 2.11 | 3.16 | 8.82 | 5.58 | 2.98 | — | — |
| EV / EBIT | 7.66 | 6.24 | 7.00 | 3.31 | 2.57 | 4.31 | 10.74 | 5.97 | 3.29 | — | — |
| EV / FCF | — | 29.18 | — | 8.71 | 9.23 | — | 175.34 | — | — | — | — |
PAGS Profitability
Margins and return-on-capital ratios measuring operating efficiency
PagSeguro Digital Ltd. earns an operating margin of 37.5%. Operating margins have expanded from 34.3% to 37.5% over the past 3 years, signaling improving operational efficiency. ROE of 14.2% is modest. ROIC of 9.8% represents adequate returns on invested capital.
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 | 50.6% | 50.6% | 47.9% | 48.1% | 50.7% | 43.9% | 43.6% | 50.5% | 47.1% | 47.3% | 45.0% |
| Operating Margin | 37.5% | 37.5% | 32.5% | 34.3% | 33.5% | 20.6% | 25.9% | 32.7% | 24.1% | 31.5% | 19.9% |
| Net Profit Margin | 10.7% | 10.7% | 11.5% | 10.5% | 9.9% | 11.3% | 19.3% | 24.5% | 22.4% | 19.0% | 11.2% |
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 | 14.2% | 14.2% | 15.2% | 13.2% | 21.9% | 63.4% | 68.2% | 31.9% | 24.4% | 64.0% | 23.4% |
| ROA | 2.8% | 2.8% | 3.3% | 3.3% | 5.9% | 23.6% | 32.6% | 18.2% | 11.6% | 14.5% | 6.9% |
| ROIC | 9.8% | 9.8% | 11.0% | 16.6% | 31.3% | 80.4% | 79.1% | 50.2% | 31.8% | 76.3% | 28.0% |
| ROCE | 25.6% | 25.6% | 23.4% | 29.7% | 57.1% | 100.2% | 81.9% | 41.2% | 25.7% | 101.0% | 40.2% |
PAGS Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
PagSeguro Digital Ltd. carries a Debt/EBITDA ratio of 4.9x, which is highly leveraged (67% above the sector average of 2.9x). Net debt stands at $42.5B ($44.3B total debt minus $1.9B cash). Interest coverage of just 1.4x 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 | 3.03 | 3.03 | 2.77 | 1.24 | 1.01 | 0.40 | 0.09 | — | — | — | 0.33 |
| Debt / EBITDA | 4.91 | 4.91 | 5.39 | 2.43 | 1.94 | 0.26 | 0.08 | — | — | — | 0.80 |
| Net Debt / Equity | — | 2.90 | 2.71 | 1.02 | 0.86 | 0.23 | -0.09 | -0.18 | -0.42 | -0.08 | 0.20 |
| Net Debt / EBITDA | 4.70 | 4.70 | 5.27 | 2.00 | 1.64 | 0.15 | -0.07 | -0.18 | -2.57 | -0.08 | 0.49 |
| Debt / FCF | — | 27.33 | — | 6.70 | 7.20 | — | -1.45 | — | — | -0.19 | 29.16 |
| Interest Coverage | 1.42 | 1.42 | 1.59 | 1.62 | 1.61 | 2.68 | 15.86 | — | 32.64 | 8.12 | 3.47 |
PAGS Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.36x means PagSeguro Digital Ltd. can comfortably meet its short-term obligations, though there is limited excess liquidity. The current ratio has declined from 1.42x to 1.36x 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 | 1.36 | 1.36 | 1.51 | 1.42 | 1.34 | 1.41 | 1.66 | 2.30 | 2.34 | 1.21 | 1.32 |
| Quick Ratio | 1.36 | 1.36 | 1.51 | 1.41 | 1.34 | 1.40 | 1.66 | 2.29 | 2.32 | 1.20 | 1.31 |
| Cash Ratio | 0.14 | 0.14 | 0.03 | 0.18 | 0.10 | 0.14 | 0.23 | 0.47 | 0.59 | 0.08 | 0.12 |
| Asset Turnover | — | 0.26 | 0.25 | 0.28 | 0.33 | 1.85 | 1.56 | 1.54 | 0.36 | 0.59 | 0.48 |
| Inventory Turnover | — | — | 5812.01 | 242.50 | 562.53 | 649.45 | 643.93 | 179.40 | 24.22 | 21.50 | 29.67 |
| Days Sales Outstanding | — | 1097.14 | 1162.34 | 947.21 | 886.58 | 153.29 | 174.43 | 174.50 | 187.77 | — | — |
PAGS Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
PagSeguro Digital Ltd. returns 14.3% to shareholders annually — split between a 4.5% dividend yield and 9.9% buyback yield. The payout ratio of 29.1% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 15.3% (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 | 4.5% | 21.1% | — | — | — | — | — | — | — | — | — |
| Payout Ratio | 29.1% | 29.1% | — | — | — | — | — | — | — | 11.3% | — |
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 | 15.3% | 72.2% | 105.8% | 40.9% | 52.3% | 13.4% | 6.9% | 12.1% | 15.3% | — | — |
| FCF Yield | 11.8% | 54.1% | — | 49.8% | 49.1% | — | 0.6% | — | — | — | — |
| Buyback Yield | 9.9% | 45.4% | 39.2% | 9.9% | 10.1% | 3.0% | 0.2% | 0.0% | 0.7% | — | — |
| Total Shareholder Yield | 14.3% | 66.5% | 39.2% | 9.9% | 10.1% | 3.0% | 0.2% | 0.0% | 0.7% | — | — |
| Shares Outstanding | — | $298M | $320M | $324M | $329M | $332M | $330M | $329M | $318M | $315M | $315M |
Peer Comparison
Compare PAGS 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 |
|---|---|---|---|---|---|---|---|---|---|
 PAGSYou | $3B | 6.6 | 6.2 | 8.5 | 50.6% | 37.5% | 14.2% | 9.8% | 4.9 |
 STNE | $3B | 6.6 | 3.2 | — | 76.2% | 51.4% | 19.6% | 24.7% | 2.1 |
 MELI | $83B | 41.5 | 24.0 | 7.7 | 44.5% | 11.1% | 36.0% | 20.8% | 3.0 |
 TOST | $14B | 44.0 | 34.9 | 23.5 | 25.8% | 5.0% | 18.6% | 30.8% | 0.1 |
 GPN | $16B | 11.5 | 10.1 | 7.8 | 72.6% | 19.1% | 6.0% | 3.0% | 7.6 |
 FOUR | $3B | 36.5 | 8.1 | 5.5 | 34.2% | 8.4% | 8.0% | 6.3% | 5.9 |
 PAYO | $2B | 36.9 | 10.5 | 11.4 | 78.1% | 11.8% | 10.2% | 30.7% | 0.4 |
 FLYW | $2B | 144.1 | 41.8 | 19.1 | 61.4% | 1.8% | 1.6% | 2.1% | — |
 RELY | $4B | 68.1 | 38.6 | 15.0 | 57.1% | 5.0% | 8.9% | 14.2% | 2.1 |
 DLO | $4B | 19.1 | 12.6 | 8.9 | 36.8% | 20.3% | 37.2% | 115.2% | 0.4 |
 V | $628B | 32.1 | 25.1 | 29.1 | 80.4% | 60.0% | 52.1% | 29.2% | 1.0 |
| Technology Median | — | 29.0 | 16.7 | 19.2 | 48.8% | 0.2% | 1.6% | 2.7% | 2.9 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Includes 30+ ratios · 12 years · Updated daily
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PAGS — Frequently Asked Questions
Quick answers to the most common questions about buying PAGS stock.
What is PagSeguro Digital Ltd.'s P/E ratio?
PagSeguro Digital Ltd.'s current P/E ratio is 6.6x. The historical average is 5.4x. This places it at the 63th percentile of its historical range.
What is PagSeguro Digital Ltd.'s EV/EBITDA?
PagSeguro Digital Ltd.'s current EV/EBITDA is 6.2x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 4.5x.
What is PagSeguro Digital Ltd.'s ROE?
PagSeguro Digital Ltd.'s return on equity (ROE) is 14.2%. The historical average is 29.5%.
Is PAGS stock overvalued?
Based on historical data, PagSeguro Digital Ltd. is trading at a P/E of 6.6x. This is at the 63th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is PagSeguro Digital Ltd.'s dividend yield?
PagSeguro Digital Ltd.'s current dividend yield is 4.45% with a payout ratio of 29.1%.
What are PagSeguro Digital Ltd.'s profit margins?
PagSeguro Digital Ltd. has 50.6% gross margin and 37.5% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does PagSeguro Digital Ltd. have?
PagSeguro Digital Ltd.'s Debt/EBITDA ratio is 4.9x, indicating high leverage. A ratio above 4x may signal elevated financial risk.