Latest Ratios: P/E Ratio 11.5x · EV/EBITDA 9.2x · ROE 10.9%. (2001–2025 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 | $40.8B | $39.5B | $42.6B | $37.8B | $37.0B | $42.2B | $30.9B | $38.5B | $34.8B | $50.1B | $44.7B |
| Enterprise Value | $44.0B | $42.7B | $52.5B | $45.3B | $47.4B | $59.1B | $38.1B | $44.0B | $40.2B | $55.7B | $51.9B |
| P/E Ratio → | 11.51 | 11.05 | 15.80 | 15.39 | — | 5.55 | — | 9.27 | 8.58 | 6.44 | 10.72 |
| P/S Ratio | 0.67 | 0.65 | 0.60 | 0.70 | 0.65 | 0.59 | 0.54 | 0.59 | 0.55 | 0.84 | 0.76 |
| P/B Ratio | 1.16 | 1.11 | 1.41 | 1.27 | 2.15 | 0.67 | 0.45 | 0.60 | 0.71 | 0.92 | 0.97 |
| P/FCF | 6.51 | 6.30 | 5.01 | 5.81 | 7.18 | 4.00 | 3.73 | 2.43 | 1.60 | 4.50 | 3.45 |
| P/OCF | 6.51 | 6.30 | 5.01 | 5.81 | 7.18 | 4.30 | 3.69 | 1.96 | 1.60 | 3.73 | 3.02 |
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 | — | 0.70 | 0.74 | 0.84 | 0.83 | 0.83 | 0.67 | 0.68 | 0.64 | 0.93 | 0.88 |
| EV / EBITDA | 9.21 | 8.93 | 14.60 | 15.10 | — | 5.36 | 284.68 | 7.94 | 8.05 | 8.30 | 8.62 |
| EV / EBIT | 9.46 | 9.18 | 16.35 | 14.75 | — | 5.46 | — | 8.66 | 8.31 | 8.59 | 9.10 |
| EV / FCF | — | 6.82 | 6.17 | 6.96 | 9.19 | 5.61 | 4.61 | 2.78 | 1.86 | 5.00 | 4.00 |
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 | 31.1% | 31.1% | 24.8% | 32.4% | 20.9% | 39.7% | 26.7% | 32.0% | 28.8% | 34.3% | 33.2% |
| Operating Margin | 7.6% | 7.6% | 4.5% | 5.7% | -3.3% | 15.2% | -0.6% | 7.8% | 7.7% | 10.9% | 9.7% |
| Net Profit Margin | 5.9% | 5.9% | 3.9% | 4.6% | -2.9% | 12.5% | -0.7% | 6.5% | 6.5% | 13.2% | 7.4% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 10.9% | 10.9% | 9.1% | 10.6% | -4.1% | 13.6% | -0.6% | 7.4% | 7.9% | 15.7% | 9.9% |
| ROA | 0.5% | 0.5% | 0.4% | 0.4% | -0.2% | 0.9% | -0.0% | 0.5% | 0.5% | 1.0% | 0.6% |
| ROIC | 8.9% | 8.9% | 6.2% | 7.1% | -2.6% | 10.5% | -0.3% | 6.2% | 6.3% | 8.6% | 8.0% |
| ROCE | 0.9% | 0.9% | 0.6% | 0.6% | -0.3% | 1.6% | -0.0% | 6.8% | 6.9% | 9.5% | 9.1% |
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 | 0.65 | 0.65 | 0.94 | 0.90 | 1.61 | 0.48 | 0.31 | 0.34 | 0.42 | 0.37 | 0.46 |
| Debt / EBITDA | 4.80 | 4.80 | 7.90 | 8.97 | — | 2.70 | 156.33 | 3.94 | 4.16 | 2.99 | 3.54 |
| Net Debt / Equity | — | 0.09 | 0.33 | 0.25 | 0.60 | 0.27 | 0.11 | 0.09 | 0.11 | 0.10 | 0.16 |
| Net Debt / EBITDA | 0.68 | 0.68 | 2.75 | 2.50 | — | 1.53 | 54.08 | 1.00 | 1.09 | 0.83 | 1.19 |
| Debt / FCF | — | 0.52 | 1.16 | 1.15 | 2.02 | 1.60 | 0.88 | 0.35 | 0.25 | 0.50 | 0.56 |
| Interest Coverage | 2.21 | 2.21 | — | — | — | — | — | — | — | — | 4.31 |
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 | 0.61 | 0.61 | 1.87 | 1.80 | 1.74 | 1.56 | — | 0.51 | 0.01 | 0.01 | 0.01 |
| Quick Ratio | 0.61 | 0.61 | 1.87 | 1.80 | 1.74 | 1.56 | — | 0.51 | 0.01 | 0.01 | 0.01 |
| Cash Ratio | 0.40 | 0.40 | 1.60 | 1.58 | 1.64 | 1.48 | — | 0.51 | 0.50 | 0.49 | 0.49 |
| Asset Turnover | — | 0.08 | 0.10 | 0.08 | 0.08 | 0.08 | 0.06 | 0.07 | 0.08 | 0.07 | 0.07 |
| 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 | 4.7% | 4.9% | 4.4% | 4.9% | 4.9% | 4.3% | 5.7% | 4.3% | 4.4% | 2.6% | 2.9% |
| Payout Ratio | 53.9% | 53.9% | 69.3% | 74.2% | — | 20.5% | — | 39.2% | 37.3% | 16.5% | 29.8% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 8.7% | 9.1% | 6.3% | 6.5% | — | 18.0% | — | 10.8% | 11.6% | 15.5% | 9.3% |
| FCF Yield | 15.4% | 15.9% | 20.0% | 17.2% | 13.9% | 25.0% | 26.8% | 41.1% | 62.3% | 22.2% | 29.0% |
| Buyback Yield | 2.5% | 2.5% | 2.3% | 2.7% | 4.0% | 5.9% | 1.6% | 6.5% | 4.3% | 2.5% | 4.7% |
| Total Shareholder Yield | 7.1% | 7.4% | 6.8% | 7.6% | 8.9% | 10.2% | 7.3% | 10.8% | 8.7% | 5.1% | 7.6% |
| Shares Outstanding | — | $350M | $359M | $365M | $372M | $390M | $396M | $411M | $426M | $436M | $430M |
Includes 30+ ratios · 25 years · Updated daily
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Quick answers to the most common questions about buying PRU stock.
Prudential Financial, Inc.'s current P/E ratio is 11.5x. The historical average is 18.1x. This places it at the 50th percentile of its historical range.
Prudential Financial, Inc.'s current EV/EBITDA is 9.2x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 12.4x.
Prudential Financial, Inc.'s return on equity (ROE) is 10.9%. The historical average is 7.6%.
Based on historical data, Prudential Financial, Inc. is trading at a P/E of 11.5x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Prudential Financial, Inc.'s current dividend yield is 4.68% with a payout ratio of 53.9%.
Prudential Financial, Inc. has 31.1% gross margin and 7.6% operating margin.
Prudential Financial, Inc.'s Debt/EBITDA ratio is 4.8x, indicating high leverage. A ratio above 4x may signal elevated financial risk.
Key Metrics
Top Statement Risk
Yen weakness and CRE exposure
Metrics are mathematically derived from official filings.
Underwriting Recovery After 2024 Dip
Combined ratio improved to 92.0% in Q2 2026 from 101.2% in Q4 2024, per reported figures, signaling a return to solid underwriting profitability after a period of elevated claims.
The loss ratio fell to 68.0% in Q2 2026 from 73.7% in Q4 2024, while the expense ratio remained elevated around 24%, suggesting that margin gains are driven by claims normalization rather than cost discipline. The improvement appears sustainable if mortality and morbidity trends remain benign, but investors should monitor reserve development, as prior-year releases may be flattering current results.
ROE Recovery Tempered by Investment Income
ROE rebounded to 2.7% in Q2 2026 from -0.2% in Q4 2024, as per financial statements, but remains below peer levels, implying underwriting gains are offset by modest investment yields.
The decomposition of ROE suggests that underwriting profitability (combined ratio below 100%) is contributing positively, but the investment spread on float appears constrained, possibly due to lower yields on new money or hedging costs. The 4.5% dividend yield and P/B of 1.20 imply the market expects a gradual improvement in ROE, yet the current level is insufficient to justify a premium multiple without a sustained pickup in investment income.
Leverage Eases as Equity Cushion Builds
Debt-to-equity fell to 0.65 in Q2 2026 from 0.94 in Q4 2024, based on reported figures, indicating a stronger capital position despite a thin equity base relative to liabilities.
The reduction in leverage appears driven by both debt repayment and equity growth, with equity rising to $31.6B from $27.2B over the period. While the premium-to-surplus ratio is not directly disclosed, the improving D/E suggests underwriting leverage is within manageable bounds, though the absolute equity cushion remains modest relative to the $783.6B asset base, warranting continued monitoring of capital adequacy.
Valuation Discount vs. Peers on P/B
PRU trades at 1.20x book versus MET's 2.23x and PFG's 2.07x, per current data, implying the market assigns a conglomerate discount despite similar ROE trajectories.
The discount appears justified by PRU's lower ROE (2.7% vs. MET's 12.6%) and higher exposure to yen translation and CRE risks, but it may also reflect the market's difficulty in valuing the capital-light PGIM segment. If PGIM's third-party flows remain positive and the yen stabilizes, the discount could narrow, but until then, the valuation gap is likely to persist.
Combined Ratio Masks Reserve Releases
The combined ratio of 92.0% in Q2 2026, as reported, may overstate underwriting quality if prior-year reserve releases are flattering current results, warranting adjustment for reserve development.
The loss ratio improvement from 73.7% to 68.0% coincides with a period of favorable reserve development, which may not be sustainable. Analysts should adjust the combined ratio for reserve releases to assess true underwriting performance; otherwise, the apparent profitability could reverse if claims experience deteriorates. This is particularly relevant given the Q2 2026 EPS beat, which may have been boosted by one-time items.