7.125% Fixed-Rate Reset Subordinated Debentures due 2052 (RZC) Financial Ratios
30 years of historical data (1996–2025) · Financial Services · Insurance - Diversified
EV/EBITDA
↓
2.05
↓-30% vs avg
5yr avg: 2.94
30Y Low2.0·High3.7
P/FCF
↓
0.42
↓-30% vs avg
5yr avg: 0.59
30Y Low0.2·High1.3
P/B Ratio
↓
0.12
↓-31% vs avg
5yr avg: 0.18
30Y Low0.1·High0.2
ROE
↑
9.7%
↓+16% vs avg
5yr avg: 8.3%
30Y Low3%·High22%
Debt/EBITDA
↑
3.61
↓-10% vs avg
5yr avg: 4.03
30Y Low0.1·High11.9
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
RZC Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
7.125% Fixed-Rate Reset Subordinated Debentures due 2052 trades at 1.4x earnings, 38% below its 5-year average of 2.3x, sitting at the 0th percentile of its historical range. Compared to the Financial Services sector median P/E of 13.1x, the stock trades at a discount of 89%. On a free-cash-flow basis, the stock trades at 0.4x P/FCF, 30% below the 5-year average of 0.6x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $1.7B | $1.7B | $1.7B | $1.7B | $1.8B | — | — | — | — | — | — |
| Enterprise Value | $3.2B | $3.2B | $3.4B | $3.2B | $2.8B | — | — | — | — | — | — |
| P/E Ratio → | 1.43 | 1.44 | 2.40 | 1.94 | 3.40 | — | — | — | — | — | — |
| P/S Ratio | 0.07 | 0.07 | 0.08 | 0.10 | 0.11 | — | — | — | — | — | — |
| P/B Ratio | 0.12 | 0.13 | 0.16 | 0.19 | 0.24 | — | — | — | — | — | — |
| P/FCF | 0.42 | 0.41 | 0.18 | 0.43 | 1.33 | — | — | — | — | — | — |
| P/OCF | 0.42 | 0.41 | 0.18 | 0.43 | 1.31 | — | — | — | — | — | — |
P/E links to full P/E history page with 30-year chart
RZC EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
7.125% Fixed-Rate Reset Subordinated Debentures due 2052's enterprise value stands at 2.0x EBITDA, 30% below its 5-year average of 2.9x. The Financial Services sector median is 11.5x, placing the stock at a 82% 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 | — | 0.14 | 0.16 | 0.17 | 0.18 | — | — | — | — | — | — |
| EV / EBITDA | 2.05 | 2.05 | 3.35 | 2.67 | 3.69 | — | — | — | — | — | — |
| EV / EBIT | 2.10 | 1.70 | 2.68 | 2.26 | 3.07 | — | — | — | — | — | — |
| EV / FCF | — | 0.79 | 0.37 | 0.79 | 2.12 | — | — | — | — | — | — |
RZC Profitability
Margins and return-on-capital ratios measuring operating efficiency
7.125% Fixed-Rate Reset Subordinated Debentures due 2052 earns an operating margin of 6.8%, below the Financial Services sector average of 21.6%. ROE of 9.7% is modest. ROIC of 8.3% represents adequate returns on invested capital versus a sector median of 5.7%.
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 | 25.4% | 25.4% | 11.3% | 12.7% | 9.9% | 11.5% | 10.6% | 14.8% | 14.0% | 16.2% | 16.1% |
| Operating Margin | 6.8% | 6.8% | 4.4% | 6.3% | 4.5% | 8.6% | 3.8% | 8.0% | 6.6% | 9.1% | 9.1% |
| Net Profit Margin | 5.2% | 5.2% | 3.3% | 4.9% | 3.3% | 7.3% | 2.8% | 6.1% | 5.6% | 14.6% | 6.1% |
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 | 9.7% | 9.7% | 7.1% | 11.0% | 5.1% | 8.6% | 3.2% | 8.7% | 7.9% | 21.9% | 10.6% |
| ROA | 0.9% | 0.9% | 0.7% | 1.0% | 0.6% | 1.3% | 0.5% | 1.2% | 1.1% | 3.2% | 1.4% |
| ROIC | 8.3% | 8.3% | 6.3% | 9.2% | 4.9% | 7.2% | 2.9% | 7.1% | 5.8% | 7.9% | 8.9% |
| ROCE | 1.1% | 1.1% | 0.9% | 1.3% | 0.8% | 1.6% | 0.7% | 1.6% | 1.4% | 2.0% | 2.0% |
RZC Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
7.125% Fixed-Rate Reset Subordinated Debentures due 2052 carries a Debt/EBITDA ratio of 3.6x, which is moderately leveraged (13% below the sector average of 4.1x). Net debt stands at $1.5B ($5.7B total debt minus $4.2B cash). Interest coverage of 5.2x is adequate, though a cyclical earnings downturn could tighten the margin of safety.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.42 | 0.42 | 0.46 | 0.48 | 0.55 | 0.30 | 0.28 | 0.31 | 0.41 | 0.37 | 0.55 |
| Debt / EBITDA | 3.61 | 3.61 | 4.91 | 3.69 | 5.24 | 2.69 | 6.58 | 3.03 | 3.89 | 2.99 | 3.67 |
| Net Debt / Equity | — | 0.11 | 0.16 | 0.16 | 0.14 | 0.07 | 0.04 | 0.18 | 0.19 | 0.24 | 0.38 |
| Net Debt / EBITDA | 0.97 | 0.97 | 1.67 | 1.21 | 1.37 | 0.63 | 0.92 | 1.80 | 1.77 | 1.90 | 2.55 |
| Debt / FCF | — | 0.38 | 0.18 | 0.36 | 0.78 | 0.22 | 0.17 | 0.94 | 1.02 | 1.17 | 1.92 |
| Interest Coverage | 5.21 | 5.21 | 4.22 | 5.51 | 4.76 | 10.96 | 4.25 | 7.54 | 6.76 | 8.83 | 8.59 |
RZC Liquidity & Efficiency
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 | — | — | — | — | — | — | — | — | — | — | — |
| Quick Ratio | — | — | — | — | — | — | — | — | — | — | — |
| Cash Ratio | — | — | — | — | — | — | — | — | — | — | — |
| Asset Turnover | — | 0.15 | 0.19 | 0.19 | 0.19 | 0.17 | 0.17 | 0.19 | 0.20 | 0.21 | 0.22 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
RZC Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
7.125% Fixed-Rate Reset Subordinated Debentures due 2052 returns 24.4% to shareholders annually — split between a 14.2% dividend yield and 10.2% buyback yield. The payout ratio of 20.3% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 69.7% (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 | 14.2% | 14.1% | 13.3% | 12.5% | 11.7% | — | — | — | — | — | — |
| Payout Ratio | 20.3% | 20.3% | 31.9% | 24.3% | 39.7% | 16.6% | 43.9% | 18.7% | 19.6% | 6.4% | 14.3% |
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 | 69.7% | 69.5% | 41.6% | 51.5% | 29.4% | — | — | — | — | — | — |
| FCF Yield | 100.0% | 241.0% | 542.9% | 231.1% | 75.0% | — | — | — | — | — | — |
| Buyback Yield | 10.2% | 10.2% | 1.6% | 13.0% | 4.6% | — | — | — | — | — | — |
| Total Shareholder Yield | 24.4% | 24.4% | 14.8% | 25.5% | 16.3% | — | — | — | — | — | — |
| Shares Outstanding | — | $67M | $67M | $67M | $68M | $68M | $66M | $64M | $65M | $66M | $65M |
Peer Comparison
Compare RZC 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 |
|---|---|---|---|---|---|---|---|---|---|
 RZCYou | $2B | 1.4 | 2.0 | 0.4 | 25.4% | 6.8% | 9.7% | 8.3% | 3.6 |
 GS | $288B | 22.8 | 34.8 | — | 41.1% | 14.5% | 12.0% | 1.9% | 29.7 |
 MS | $303B | 23.9 | 25.8 | — | 55.6% | 17.1% | 13.0% | 2.9% | 15.8 |
 JEF | $11B | 18.2 | -1.9 | 31.9 | 59.7% | 6.3% | 6.8% | 2.4% | 2.0 |
 LAZ | $4B | 21.4 | 12.1 | 8.6 | 31.8% | 13.0% | 27.0% | 9.5% | 5.7 |
 HLI | $11B | 26.4 | 18.7 | 13.2 | 38.5% | 21.0% | 19.9% | 15.5% | 0.8 |
 MC | $5B | 21.7 | 15.6 | 8.7 | 99.2% | 18.1% | 40.2% | 24.9% | 0.9 |
 PJT | $4B | 22.9 | 9.1 | 7.7 | 32.4% | 21.2% | 18.9% | 20.3% | 1.1 |
 OXSQ | $163M | -7.4 | — | 8.9 | 81.5% | -39.6% | -12.2% | -2.4% | — |
 GAIN | $657M | 9.3 | 16.8 | 5.8 | 68.6% | 72.7% | 13.2% | 5.3% | 7.0 |
 PSEC | $1B | -2.0 | — | 2.6 | 147.0% | 169.8% | -14.0% | -6.3% | — |
| Financial Services Median | — | 13.1 | 11.5 | 10.6 | 63.6% | 21.6% | 9.4% | 5.7% | 4.1 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Quick answers to the most common questions about buying RZC stock.
What is 7.125% Fixed-Rate Reset Subordinated Debentures due 2052's P/E ratio?
7.125% Fixed-Rate Reset Subordinated Debentures due 2052's current P/E ratio is 1.4x. The historical average is 2.3x.
What is 7.125% Fixed-Rate Reset Subordinated Debentures due 2052's EV/EBITDA?
7.125% Fixed-Rate Reset Subordinated Debentures due 2052's current EV/EBITDA is 2.0x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 2.9x.
What is 7.125% Fixed-Rate Reset Subordinated Debentures due 2052's ROE?
7.125% Fixed-Rate Reset Subordinated Debentures due 2052's return on equity (ROE) is 9.7%. The historical average is 9.4%.
Is RZC stock overvalued?
Based on historical data, 7.125% Fixed-Rate Reset Subordinated Debentures due 2052 is trading at a P/E of 1.4x. Compare with industry peers and growth rates for a complete picture.
What is 7.125% Fixed-Rate Reset Subordinated Debentures due 2052's dividend yield?
7.125% Fixed-Rate Reset Subordinated Debentures due 2052's current dividend yield is 14.18% with a payout ratio of 20.3%.
What are 7.125% Fixed-Rate Reset Subordinated Debentures due 2052's profit margins?
7.125% Fixed-Rate Reset Subordinated Debentures due 2052 has 25.4% gross margin and 6.8% operating margin.
How much debt does 7.125% Fixed-Rate Reset Subordinated Debentures due 2052 have?
7.125% Fixed-Rate Reset Subordinated Debentures due 2052's Debt/EBITDA ratio is 3.6x, indicating high leverage. A ratio between 2-4x is manageable but warrants monitoring.