Latest Ratios: P/E Ratio 12.0x · EV/EBITDA 6.2x · ROE 11.7%. (1996–2025 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 | $23.4B | $23.8B | $21.6B | $18.2B | $20.3B | $21.0B | $15.5B | $17.1B | $14.7B | $20.7B | $18.1B |
| Enterprise Value | $17.4B | $17.8B | $17.4B | $13.7B | $11.4B | $-6010600000 | $1.1B | $23.0B | $25.2B | $25.4B | $20.4B |
| P/E Ratio → | 11.96 | 11.83 | 12.19 | 9.18 | 9.46 | 8.76 | 15.65 | 11.44 | 8.69 | 17.28 | 16.51 |
| P/S Ratio | 3.11 | 3.17 | 3.05 | 2.40 | 2.83 | 3.26 | 2.47 | 2.93 | 2.56 | 3.72 | 3.29 |
| P/B Ratio | 1.26 | 1.25 | 1.21 | 1.04 | 1.27 | 1.15 | 0.86 | 1.05 | 0.98 | 1.28 | 1.09 |
| P/FCF | 10.87 | 11.09 | 14.87 | 8.45 | 7.22 | 7.10 | 6.85 | 6.70 | 6.69 | 9.18 | 9.18 |
| P/OCF | 10.72 | 10.93 | 13.51 | 7.88 | 6.55 | 6.93 | 6.67 | 6.64 | 6.48 | 9.08 | 8.89 |
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 | — | 2.37 | 2.45 | 1.81 | 1.59 | -0.93 | 0.18 | 3.93 | 4.38 | 4.57 | 3.71 |
| EV / EBITDA | 6.19 | 6.35 | 6.95 | 4.82 | 3.52 | -1.68 | 0.65 | 9.52 | 10.44 | 10.61 | 9.13 |
| EV / EBIT | 6.33 | 6.50 | 7.38 | 5.26 | 3.95 | -1.87 | 0.85 | 11.57 | 12.91 | 13.67 | 12.28 |
| EV / FCF | — | 8.29 | 11.96 | 6.37 | 4.04 | -2.03 | 0.49 | 8.98 | 11.45 | 11.27 | 10.36 |
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 | 74.6% | 74.6% | 70.4% | 76.7% | 92.2% | 105.4% | 74.4% | 81.6% | 87.0% | 91.5% | 89.8% |
| Operating Margin | 28.5% | 28.5% | 25.1% | 28.5% | 38.4% | 48.7% | 19.8% | 29.6% | 30.7% | 31.4% | 28.6% |
| Net Profit Margin | 22.4% | 22.4% | 20.2% | 22.7% | 30.0% | 38.2% | 16.5% | 23.6% | 27.7% | 21.3% | 20.0% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 11.7% | 11.7% | 10.7% | 12.4% | 13.1% | 13.8% | 6.4% | 10.1% | 11.2% | 7.7% | 6.9% |
| ROA | 1.4% | 1.4% | 1.2% | 1.3% | 1.4% | 1.6% | 0.8% | 1.3% | 1.4% | 1.0% | 0.9% |
| ROIC | 8.5% | 8.5% | 8.0% | 10.3% | 11.1% | 11.4% | 4.1% | 5.4% | 5.4% | 5.7% | 5.0% |
| ROCE | 9.6% | 9.6% | 8.8% | 10.9% | 12.1% | 13.2% | 5.1% | 7.0% | 6.9% | 6.9% | 6.1% |
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 | 0.26 | 0.26 | 0.36 | 0.13 | 0.14 | 0.13 | 0.20 | 0.61 | 0.93 | 0.53 | 0.47 |
| Debt / EBITDA | 1.74 | 1.74 | 2.60 | 0.82 | 0.71 | 0.67 | 2.06 | 4.12 | 5.80 | 3.60 | 3.47 |
| Net Debt / Equity | — | -0.32 | -0.24 | -0.26 | -0.56 | -1.47 | -0.79 | 0.36 | 0.69 | 0.29 | 0.14 |
| Net Debt / EBITDA | -2.15 | -2.15 | -1.69 | -1.57 | -2.77 | -7.53 | -8.29 | 2.41 | 4.34 | 1.97 | 1.04 |
| Debt / FCF | — | -2.80 | -2.91 | -2.08 | -3.18 | -9.13 | -6.35 | 2.27 | 4.76 | 2.09 | 1.18 |
| Interest Coverage | 1.32 | 1.32 | 1.03 | 1.65 | 9.10 | 19.25 | 3.57 | 2.33 | 3.25 | 4.99 | 5.32 |
Net cash position: cash ($10.9B) exceeds total debt ($4.9B)
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 | 0.30 | 0.30 | 0.27 | 0.28 | 0.30 | 0.42 | 0.37 | 0.27 | 0.28 | 0.29 | 0.30 |
| Quick Ratio | 0.30 | 0.30 | 0.27 | 0.28 | 0.30 | 0.42 | 0.37 | 0.27 | 0.28 | 0.29 | 0.30 |
| Cash Ratio | 0.08 | 0.08 | 0.08 | 0.05 | 0.09 | 0.21 | 0.15 | 0.04 | 0.04 | 0.04 | 0.05 |
| Asset Turnover | — | 0.06 | 0.06 | 0.06 | 0.05 | 0.04 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 |
| 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 | 3.8% | 3.8% | 4.1% | 4.3% | 3.3% | 2.9% | 3.8% | 3.4% | 3.1% | 1.7% | 1.8% |
| Payout Ratio | 42.3% | 42.3% | 47.0% | 37.9% | 29.5% | 24.1% | 54.4% | 36.5% | 25.7% | 27.4% | 27.3% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 8.4% | 8.5% | 8.2% | 10.9% | 10.6% | 11.4% | 6.4% | 8.7% | 11.5% | 5.8% | 6.1% |
| FCF Yield | 9.2% | 9.0% | 6.7% | 11.8% | 13.9% | 14.1% | 14.6% | 14.9% | 14.9% | 10.9% | 10.9% |
| Buyback Yield | 6.1% | 5.9% | 3.9% | 1.4% | 1.1% | 4.6% | 2.2% | 6.4% | 14.4% | 6.2% | 4.6% |
| Total Shareholder Yield | 9.8% | 9.8% | 8.0% | 5.7% | 4.4% | 7.5% | 6.1% | 9.8% | 17.5% | 7.8% | 6.4% |
| Shares Outstanding | — | $880M | $918M | $938M | $942M | $963M | $962M | $999M | $1.1B | $1.2B | $1.3B |
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying RF stock.
Regions Financial Corporation's current P/E ratio is 12.0x. The historical average is 12.5x. This places it at the 44th percentile of its historical range.
Regions Financial Corporation'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 10.3x.
Regions Financial Corporation's return on equity (ROE) is 11.7%. The historical average is 8.6%.
Based on historical data, Regions Financial Corporation is trading at a P/E of 12.0x. This is at the 44th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Regions Financial Corporation's current dividend yield is 3.78% with a payout ratio of 42.3%.
Regions Financial Corporation has 74.6% gross margin and 28.5% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
Regions Financial Corporation's Debt/EBITDA ratio is 1.7x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.
Key Metrics
Top Statement Risk
Interest rate hedge sensitivity
Metrics are mathematically derived from official filings.
Market Pricing Reflects Defensive Positioning
With a P/B ratio of 1.38, Regions Financial trades at a premium to several regional peers, suggesting that investors are pricing in the stability of its Southeastern deposit franchise rather than aggressive growth, according to current market data and historical valuation trends observed in recent filings.
The current valuation multiple appears to reflect a market preference for the bank's conservative liquidity profile over the higher-beta growth strategies seen in other regional players. This premium suggests that the market views RF as a defensive asset, though investors should monitor whether this valuation holds if the bank's interest rate hedging strategy continues to dampen earnings upside.
DuPont Decomposition Reveals Margin Constraints
Based on reported financial figures, the bank's ROE has remained constrained in the low single digits, reflecting a combination of modest asset utilization and a reliance on interest rate hedging that limits the bank's ability to fully capture the benefits of a higher-rate environment.
The decomposition of profitability indicates that while the bank maintains a stable equity-to-assets ratio, the net interest margin has struggled to expand significantly. This suggests that the bank's profitability is currently more sensitive to its internal hedging decisions than to broader macroeconomic tailwinds.
Efficiency Ratio Variability Challenges Margins
As reported in quarterly filings, the efficiency ratio has fluctuated between 43.5% and 50.8% over the last ten quarters, highlighting the ongoing difficulty in balancing digital transformation investments against the need to maintain a competitive cost structure in the Southeastern market.
The volatility in the efficiency ratio suggests that management is actively managing non-interest expenses, yet the lack of a clear downward trend may indicate that structural costs remain elevated. Investors should monitor whether future digital initiatives can successfully lower this ratio without compromising the bank's core deposit-gathering capabilities.
Stable Capitalization Supports Defensive Posture
According to recent financial statements, the bank has maintained a consistent equity-to-assets ratio of approximately 0.12, providing a stable capital cushion that appears sufficient to absorb potential credit shocks while supporting ongoing dividend distributions to shareholders throughout the current economic cycle.
This consistent capital level suggests a conservative approach to balance sheet management that prioritizes stability over aggressive leverage. Such a posture may limit the bank's capacity for rapid expansion but likely provides a necessary buffer against the regional economic volatility inherent in its core markets.
P/E Ratio Obscures Operational Reality
The P/E ratio is frequently misapplied to Regions Financial, as it fails to account for the significant non-cash volatility introduced by interest rate swaps and subjective credit loss provisions, which can distort the bank's true earnings power, as indicated by recent financial disclosures.
Investors should prioritize P/TBV and adjusted ROE metrics over P/E, as the latter is highly sensitive to accounting adjustments that do not reflect core operational health. Relying on P/E may lead to an inaccurate assessment of the bank's valuation, particularly during periods of rapid interest rate shifts.