PennyMac Financial Services, Inc. (PFSI) Financial Ratios
15 years of historical data (2011–2025) · Financial Services · Financial - Mortgages
EV/EBITDA
↑
17.89
↓-24% vs avg
5yr avg: 23.69
30Y Low6.0·High40.6
P/FCF
↓
N/A
—
5yr avg: 1.21
30Y Low0.5·High2.4
P/B Ratio
↑
1.03
↓-23% vs avg
5yr avg: 1.34
30Y Low0.5·High2.1
ROE
↓
12.3%
-10% vs avg
5yr avg: 13.6%
30Y Low3%·High61%
Debt/EBITDA
↑
15.25
↓-19% vs avg
5yr avg: 18.84
30Y Low2.7·High31.8
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
PFSI Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
PennyMac Financial Services, Inc. trades at 8.9x earnings, 41% below its 5-year average of 15.1x, sitting at the 54th percentile of its historical range. Compared to the Financial Services sector median P/E of 13.6x, the stock trades at a discount of 35%.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $4.3B | $7.1B | $5.4B | $4.7B | $3.2B | $4.7B | $5.2B | $2.7B | $751M | $1.8B | $1.3B |
| Enterprise Value | $27.1B | $29.9B | $25.8B | $17.2B | $13.6B | $18.4B | $31.5B | $9.7B | $5.5B | $6.8B | $4.2B |
| P/E Ratio → | 8.86 | 14.18 | 17.49 | 32.25 | 6.67 | 4.69 | 3.14 | 6.96 | 8.57 | 17.46 | 5.66 |
| P/S Ratio | 0.98 | 1.63 | 3.42 | 2.29 | 1.37 | 1.32 | 1.31 | 1.63 | 0.66 | 1.63 | 1.26 |
| P/B Ratio | 1.03 | 1.65 | 1.42 | 1.32 | 0.91 | 1.38 | 1.52 | 1.33 | 0.45 | 1.03 | 0.91 |
| P/FCF | — | — | — | — | 0.53 | 1.88 | — | — | 2.39 | — | — |
| P/OCF | — | — | — | — | 0.53 | 1.84 | — | — | 1.31 | — | — |
P/E links to full P/E history page with 30-year chart
PFSI EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
PennyMac Financial Services, Inc.'s enterprise value stands at 17.9x EBITDA, 24% below its 5-year average of 23.7x. The Financial Services sector median is 11.4x, placing the stock at a 57% premium 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 | — | 6.84 | 16.17 | 8.44 | 5.88 | 5.16 | 7.98 | 5.79 | 4.81 | 6.27 | 4.10 |
| EV / EBITDA | 17.89 | 19.75 | 26.54 | 40.60 | 18.46 | 13.09 | 13.84 | 17.53 | 19.50 | 10.96 | 6.03 |
| EV / EBIT | 17.89 | 19.75 | 63.85 | 48.63 | 19.81 | 13.50 | 14.07 | 18.36 | 20.44 | 20.16 | 10.85 |
| EV / FCF | — | — | — | — | 2.29 | 7.32 | — | — | 17.43 | — | — |
PFSI Profitability
Margins and return-on-capital ratios measuring operating efficiency
PennyMac Financial Services, Inc. earns an operating margin of 34.6%, above the Financial Services sector average of 20.3%. Operating margins have expanded from 17.4% to 34.6% over the past 3 years, signaling improving operational efficiency. ROE of 12.3% is modest. ROIC of 4.4% 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 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 91.4% | 91.4% | 97.6% | 41.6% | 56.3% | 59.9% | 70.0% | 53.1% | 50.3% | 52.6% | 58.0% |
| Operating Margin | 34.6% | 34.6% | 56.5% | 17.4% | 29.7% | 38.2% | 56.7% | 31.5% | 23.5% | 31.1% | 37.8% |
| Net Profit Margin | 11.5% | 11.5% | 19.5% | 7.1% | 20.5% | 28.2% | 41.7% | 23.4% | 7.7% | 9.3% | 6.5% |
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 | 12.3% | 12.3% | 8.5% | 4.1% | 13.8% | 29.5% | 60.4% | 21.1% | 5.2% | 6.5% | 5.4% |
| ROA | 1.8% | 1.8% | 1.4% | 0.8% | 2.7% | 4.0% | 7.9% | 4.4% | 1.2% | 1.6% | 1.5% |
| ROIC | 4.4% | 4.4% | 3.3% | 1.6% | 3.2% | 4.3% | 8.5% | 5.0% | 3.0% | 4.5% | 8.1% |
| ROCE | 10.4% | 10.4% | 6.2% | 2.8% | 6.1% | 8.8% | 17.4% | 10.9% | 5.9% | 9.5% | 18.0% |
PFSI Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
PennyMac Financial Services, Inc. carries a Debt/EBITDA ratio of 15.3x, which is highly leveraged (258% above the sector average of 4.3x). Net debt stands at $22.8B ($23.1B total debt minus $302M cash). Interest coverage of just 1.6x 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 | 5.35 | 5.35 | 5.37 | 3.81 | 3.40 | 4.09 | 7.93 | 3.45 | 2.92 | 2.93 | 2.13 |
| Debt / EBITDA | 15.25 | 15.25 | 21.17 | 31.82 | 15.97 | 9.98 | 11.80 | 12.84 | 17.38 | 8.17 | 4.32 |
| Net Debt / Equity | — | 5.28 | 5.30 | 3.55 | 3.02 | 3.99 | 7.78 | 3.39 | 2.83 | 2.91 | 2.06 |
| Net Debt / EBITDA | 15.05 | 15.05 | 20.93 | 29.61 | 14.17 | 9.73 | 11.57 | 12.59 | 16.82 | 8.11 | 4.18 |
| Debt / FCF | — | — | — | — | 1.76 | 5.45 | — | — | 15.04 | — | — |
| Interest Coverage | 1.57 | 1.57 | 0.49 | — | — | — | — | — | 1.85 | 2.32 | 3.61 |
PFSI Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.04x is below 1.0, meaning current liabilities exceed current assets. The current ratio has declined from 2.05x to 0.04x 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 | 0.04 | 0.04 | 1.56 | 2.05 | 2.29 | 1.65 | 2.56 | 1.31 | 1.49 | 1.69 | 1.36 |
| Quick Ratio | 0.04 | 0.04 | 1.56 | 2.05 | 2.29 | 1.65 | 2.56 | 1.31 | 1.49 | 1.69 | 1.36 |
| Cash Ratio | 0.02 | 0.02 | 0.02 | 0.17 | 0.29 | 0.04 | 0.05 | 0.03 | 0.05 | 0.01 | 0.04 |
| Asset Turnover | — | 0.15 | 0.06 | 0.11 | 0.14 | 0.19 | 0.13 | 0.16 | 0.15 | 0.15 | 0.20 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
PFSI Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
PennyMac Financial Services, Inc. returns 1.5% to shareholders annually — split between a 1.4% dividend yield and 0.1% buyback yield. The payout ratio of 12.5% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 11.3% (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 | 1.4% | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | 12.5% | 12.5% | 16.7% | 28.7% | 11.5% | 5.3% | 1.9% | — | 11.5% | — | — |
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 | 11.3% | 7.1% | 5.7% | 3.1% | 15.0% | 21.3% | 31.9% | 14.4% | 11.7% | 5.7% | 17.7% |
| FCF Yield | — | — | — | — | 187.7% | 53.2% | — | — | 41.8% | — | — |
| Buyback Yield | 0.1% | — | — | — | — | — | — | — | — | — | — |
| Total Shareholder Yield | 1.5% | — | — | — | — | — | — | — | — | — | — |
| Shares Outstanding | — | $54M | $53M | $53M | $56M | $67M | $79M | $80M | $35M | $79M | $77M |
Peer Comparison
Compare PFSI 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 |
|---|---|---|---|---|---|---|---|---|---|
 PFSIYou | $4B | 8.9 | 17.9 | — | 91.4% | 34.6% | 12.3% | 4.4% | 15.3 |
 RKT | $41B | -524.4 | 42.7 | — | 91.6% | 8.7% | -0.4% | 2.0% | — |
 UWMC | $345M | 18.5 | 7.6 | — | 85.6% | 58.0% | 1.5% | 8.9% | 7.7 |
 GHLD | $439M | 12.8 | 21.4 | — | 90.6% | 10.1% | 8.0% | 2.4% | 19.4 |
 LDI | $392M | -3.9 | 22.2 | — | 88.3% | 13.2% | -14.0% | 2.7% | 22.0 |
 PMT | $892M | 10.4 | 210.1 | — | 15.4% | 9.1% | 6.7% | 0.4% | 203.5 |
 TWO | $1B | -2.8 | 197.9 | 14.6 | 97.9% | 68.7% | -23.2% | 3.1% | 188.0 |
 NLY | $16B | 7.6 | 18.3 | — | 99.9% | 102.6% | 14.1% | 6.4% | 16.3 |
 AGNC | $12B | 7.1 | 2.1 | 17.9 | 100.0% | 236.3% | 15.1% | 33.8% | 0.0 |
 RITM | $5B | 8.8 | 16.2 | — | 90.5% | 44.6% | 8.0% | 4.4% | 15.0 |
 OCSL | $1B | 29.7 | 16.1 | 7.2 | 87.2% | 50.4% | 2.3% | 3.7% | 9.8 |
| 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 · 15 years · Updated daily
Consensus-Based Analysis Tools
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Check Valuation
Historical Returns
10-year return with dividends reinvested.
Calculate
DCA Calculator
See how regular investing compounds over time.
Run Numbers
Peer Comparison
Compare growth, multiples, and margins vs sector.
Compare
PFSI — Frequently Asked Questions
Quick answers to the most common questions about buying PFSI stock.
What is PennyMac Financial Services, Inc.'s P/E ratio?
PennyMac Financial Services, Inc.'s current P/E ratio is 8.9x. The historical average is 12.0x. This places it at the 54th percentile of its historical range.
What is PennyMac Financial Services, Inc.'s EV/EBITDA?
PennyMac Financial Services, Inc.'s current EV/EBITDA is 17.9x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 16.2x.
What is PennyMac Financial Services, Inc.'s ROE?
PennyMac Financial Services, Inc.'s return on equity (ROE) is 12.3%. The historical average is 16.9%.
Is PFSI stock overvalued?
Based on historical data, PennyMac Financial Services, Inc. is trading at a P/E of 8.9x. This is at the 54th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is PennyMac Financial Services, Inc.'s dividend yield?
PennyMac Financial Services, Inc.'s current dividend yield is 1.41% with a payout ratio of 12.5%.
What are PennyMac Financial Services, Inc.'s profit margins?
PennyMac Financial Services, Inc. has 91.4% gross margin and 34.6% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does PennyMac Financial Services, Inc. have?
PennyMac Financial Services, Inc.'s Debt/EBITDA ratio is 15.3x, indicating high leverage. A ratio above 4x may signal elevated financial risk.